WAFM buys rest of Cameroon iron-ore explorer

Aim-listed West African Minerals (WAFM) acquired the remaining 34.51% interest in CMC Guernsey, CEO and executive cochairperson Stephen Dattels announced on Friday. CMC Guernsey, which owns six exploration permits for iron-ore and associated...

Mandalay Resources says ops resume at Chile mine

Operations at Mandalay Resources' Cerro Bayo project in Chile resumed after protestors removed blockades, allowing supplies in and out of the mine, and the Canadian miner said the disruption will not affect its annual production or outlook. The...

Mandalay says Japan smelter lifts force majeure

TSX-listed Mandalay Resources has received formal notification from Dowa Metals and Mining that it has removed a status of force majeure at the Kosaka smelter in Japan, the company said on Thursday. Dowa is the main customer for concentrates...

Mandalay expects Japanese smelter to lift force majeure

Dowa Metals and Mining says it plans to ramp up its Kosaka smelter in Japan and will likely lift a force majeure on concentrate shipments “shortly thereafter”, according to TSX-listed Mandalay Resources. Dowa is the main customer for...

Freeport says Mitsubishi smelter halt won't have significant effect

Freeport-McMoRan Copper & Gold does not expect a significant effect on shipments after Japan's Mitsubishi Materials said it will stop operations at a copper smelter following a devastating earthquake and tsunami. “We have been notified that...

Mandalay hits commercial production at Chile mine

TSX-listed Mandalay Resources has achieved commercial production at its Cerro Bayo silver/gold mine in Patagonia Chile, the firm said on Monday. Mandalay bought the mine on care-and-maintenance from Coeur d'Alene Mines in August last year, and...

Mandalay mulls reprocessing tailings at Chile mine - CEO

TSX-listed Mandalay Resources, which aims to produce 1,9-million ounces of silver and 15 000 oz of gold this year at its Chilean Cerro Bayo mine, could lift output in the near term from processing low-grade waste dumps, CEO Brad Mills said on...

Mandalay starts processing ore at Chile silver/gold mine

TSX-listed Mandalay Resources is now processing ore at its Cerro Bayo operation in Chile, and expects to ship the first concentrate in early February, the company said on Monday. Mandalay bought the shuttered gold/silver mine from Coeur d'Alene...

Drop-off in junior exploration spend concerning, says PwC

Canadian juniors need to spend more money on exploration, or there will be a shortage of new mining projects, PwC national mining leader John Gravelle said last week. This was after the advisory firm released report, called Junior Mine, which...

Mandalay starts mining at Cerro Bayo

TSX-listed Mandalay Resources has begun underground mining at the Cerro Bayo mine, in Chile, the firm said on Thursday. Mandalay bought the shuttered gold/silver operation from Coeur d'Alene Mines in August.

Mandalay sees Cerro Bayo cash-flow positive from Jan 2011

Since taking over as CEO at TSX-listed Mandalay Resources a year ago, former Lonmin boss Brad Mills has overseen two snappy acquisitions, and has more up his sleeve. The company last month closed the buyout of the mothballed Cerro Bayo silver...

Ex-Lonmin chief Brad Mills now keen on Chile

Brad Mills has been keeping a low profile since his abrupt exit as boss of number-three platinum producer Lonmin, but last month the company he now heads, Mandalay Resources, graduated to the TSX main board. Mandalay, with a market...