Kvanefjeld PFS proves profitable for Greenland

A prefeasibility study into ASX-listed Greenland Minerals and Energy has found that a capital investment of some $1.53-billion could support a 7.2-million-ton-a-year rare-earth element and uranium operation at its Kvanefjeld project, in...

Isua magnetite project, Greenland

London Mining is preparing to begin the permitting process, on the Isua project.

Company Announcement: Maiden Inferred Resource Of 340 Million Tonnes

Ram Resources Limited is pleased to announce the estimation of the JORC compliant maiden Inferred Mineral Resource for the Aries Prospect, which is the most advanced target within the Company’s Motzfeldt Project, located in south Greenland.

Iron junior transitions into producer as mining starts at Sierra Leone project

Iron-ore junior London Mining’s flagship Marampa operation, in Sierra Leone, has transitioned into production, facilitating the company’s move from developer to producer in what London Mining CEO Graeme Hossie calls a ‘milestone year’.

London Mining now fully funded to expand Marampa – CEO

Aim-listed London is now fully funded to boost capacity at its Marampa iron-ore mine to five-million tons a year, CEO Graeme Hossie reported on Thursday. This comes as the miner signed a $45-million offtake-related prepayment loan agreement with...

VMS eyes healthy cash flows at Reed copper project

It is more likely that HudBay Minerals, the 70% owner of the Reed Lake project in Manitoba, would make an offer to buy VMS Ventures’ 30% stake in the asset, than bid for the entire company, chairperson and CEO of the junior, Rick Mark, said last...

Convention grows in leaps and bounds

The goal for the Prospectors and Developers Association of Canada (PDAC) 2012 convention is to once again be the world’s leading convention for the mineral exploration industry and to be the premier networking and educational event for a...

SA improves in global mining ranking – survey

South Africa ranked 54th out of 93 global mining jurisdictions in this year’s Survey of Mining Companies, compiled by Canada’s Fraser Institute. This compared with South Africa’s 67th place out of 79 jurisdictions last year. South...

Company Announcement: Daily Monitor 24th January 2012

Oil & Gas News San Leon Energy (BUY, 50p) (SLE LN, 12.0p, ▼ 5.88%) today announced that it has completed the acquisition of more than 2,280 km of 2D seismic across its Tarfaya and Zag Licenses onshore Morocco. The data was acquired by San Leon...

Company Announcement: Greenland Minerals Extends ‘Zone 2’ Rare Earth-Uranium Deposit with Broad Drill Intercepts

Results of the 2011 drilling at Zone 2 on the northern Ilimaussaq complex continue to deliver broad, high-grade intercepts of REE-uranium mineralisation. Zone 2, located 6km from the world-class Kvanefjeld resource (contained metal 350 Mlbs U3O8,...

London Mining boosts Marampa resource, dispatches first ore

Aim-listed London Mining on Tuesday reported that it had upgraded its Joint Ore Reserves Committee-compliant iron-ore reserves at the Marampa mine in Sierra Leone to 1.08-billion tons, up from 69.5-million tons in the previous model, with 81% of...

London Mining JV partner files $650m counterclaim

Aim-listed London Mining on Monday slammed a $650-million lawsuit by joint venture partner Wits Basin Precious Minerals as a tactic to avoid repaying its loan. Wits Basin has filed an answer and counterclaim in a Minnesota court, in the US,...