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Topic

Novo Litio still trying to resolve Portugal rights issue

By: Mariaan Webb     21st July 2017 Lithium developer Novo Litio’s shares remained suspended on the ASX on Friday – nearly a month since the company first halted share trading to confirm the legal status of its rights to the Sepeda project, in Portugal. Novo Litio is seeking to transfer a granted exploration licence and... 

‘Strong interest’ in Avrupa’s Iberian Pyrite Belt project

By: Mariaan Webb     13th July 2017 Having recently recovered full ownership of the Alvalade copper/lead/zinc project in the Iberian Pyrite Belt of southern Portugal, exploration and development company Avrupa has said it is open to finding new partners for the project. The company has assembled a data set for potential partners... 

Savannah Resources raises £1.3m in share placement

By: Anine Kilian     10th July 2017 Aim-listed Savannah Resources has raised about £1.3-million to fund work on its Portuguese lithium projects, to advance the Mozambique-based Mutamba joint venture project with mining major Rio Tinto, and to further work on its Oman-based copper-gold projects, as well as for general working... 

Novo Litio seeks to confirm status of rights to Portugal project

By: Mariaan Webb     7th July 2017 Lithium developer Novo Litio has extended its share suspension on the ASX on Friday, as the company continues engagements about the legal status of its rights to the Sepeda project, in northern Portugal. The company, which initially requested a trading halt on June 22, said on Friday that its... 

Savannah Resources to start drilling at Portugal lithium project

By: Megan van Wyngaardt     4th July 2017 Aim-listed Savannah Resources has completed the first phase of exploration at its Mina do Barroso lithium project, in Portugal. The programme was aimed at defining the extent of the lithium-bearing pegmatites in preparation for drilling. 

Novo Litio in trading halt pending Sepeda news

By: Mariaan Webb     22nd June 2017 Lithium project developer Novo Litio entered into a trading halt on the ASX on Thursday, pending the outcome of news regarding the status of its Sepeda project, in Portugal. The trading halt will be in place until Monday at the latest. 

Lundin to trade on Nasdaq Stockholm

By: Mariaan Webb     1st June 2017 Canadian base metals miner Lundin Mining has been given approval for listing its shares on Nasdaq Stockholm, with trading set to start next week under the trading symbol ‘LUMI’. Lundin is converting Swedish Depository Receipts (SDRs) to shares for trading on Nasdaq Stockholm and will not be... 

Scoping study on Dakota’s Portugal project nearing completion

By: Mariaan Webb     29th May 2017 Lithium explorer Dakota Minerals has received the results of metallurgical test work on material from its Sepeda petalite project, in Portugal, paving the way for the completion of a scoping study in the next two weeks. Dakota Minerals, which trades on the ASX and Frankfurt Stock Exchange,... 

Savannah aims to tap into European lithium market with 'strategic' Portugal acquisition

By: Mariaan Webb     25th May 2017 Multicommodity company Savannah Resources has announced an agreement to buy a series of highly prospective lithium prospects in Portugal, including an advanced project,as the company seeks to tap into the world’s second-largest lithium market after China. As part of the transaction to buy a 75%... 

Equipment, automotive divisions boost Barloworld’s performance in difficult interim period 

By: Megan van Wyngaardt     15th May 2017 Fleet management and logistics solutions company Barloworld on Monday posted a 5% increase in its operating profit for the six months ended March 31, to R1.84-billion, as its automotive division achieved record results and its overall equipment division boasted strong growth amid challenging... 

Lundin approves €257m Portugal zinc expansion

By: Mariaan Webb     12th May 2017 Base metals miner Lundin Mining has approved the €256.5-million Zinc Expansion Project (ZEP) at its Neves-Corvo mine, in Portugal, which will more than double the operation’s zinc production. Announcing the results of a positive feasibility study for ZEP, CEO Paul Conibear reported this week... 

Centerra reports strong start to 2017, builds up to crescendo by year end

By: Henry Lazenby     2nd May 2017 Canadian miner Centerra Gold has impressed the market with its notable first-quarter earnings increase of 215% year-on-year, underpinned by strong performance at its flagship Kumtor mine, in Kyrgyzstan, and the Mount Milligan mine, in British Columbia. The Toronto-headquartered company reported... 

Oz Minerals hunts for copper in Portugal

By: Esmarie Swanepoel     10th April 2017 Copper/gold miner Oz Minerals has inked an earn-in agreement with TSX-V-listed Avrupa Minerals over its Alvito copper/gold project, in Portugal. Under the agreement, Oz Minerals can earn a 51% interest in the project through a minimum spend of A$1-million on exploration in the first year of the... 

Angola aims to attract major mining investor, develop local ones

By: Keith Campbell     31st March 2017 The copper/cobalt belt, known as the Central African Copperbelt, already well-known and exploited in Zambia and the Democratic Republic of Congo, also extends into Angola. This has been determined by surveying activities carried out under Angola’s National Geology Plan (known by the Portuguese... 

Lepidico raises cash for DFS

By: Esmarie Swanepoel     16th March 2017 Takeover target Lepidico is hoping to raise up to A$5.6-million to start definitive feasibility studies for the Phase 1 L-Max plant. Lepidico earlier this month signed a binding term sheet with Grupo Mota to spend a minimum of €250 000 on exploration and drilling at Alvarrões mine, in Portugal,... 

W Resources to advance copper projects following £750 000 capital raise

By: Megan van Wyngaardt     9th March 2017 Iberia-focused miner and explorer W Resources has raised £750 000 through the placing of 214-million ordinary shares at 0.35p apiece. The company will use the proceeds to advance the development of its copper and gold assets, and advance the acquisition of the La Parrilla crusher, jig and mill. 

Lepidico looks at Portuguese options

By: Esmarie Swanepoel     9th March 2017 Takeover target Lepidico has signed a binding term sheet with Grupo Mota over the Alvarrões lepidolite mine, in Portugal. Under the terms of the agreement, Lepidico will spend a minimum of €250 000 on exploration and drilling at Alvarrões over an 18-month period. Exploration will include the... 

Growth in copper supply to slow through 2020 – ICSG

By: Henry Lazenby     24th February 2017 Global copper mine production growth is expected to slow to 2.5% a year through 2020, down from an average growth rate of almost 4% a year in the last five years, the International Copper Study Group (ICSG) said on Thursday. The Lisbon, Portugal-based think tank cited continued delays in project... 

Global refined copper market saw wider deficit in November – ICSG

By: Henry Lazenby     23rd February 2017 The International Copper Study Group reports a global copper market deficit of about 90 000 t in November, up from the 64 000 t deficit in October. The November deficit was mainly attributable to a 3.5% increase in apparent Chinese demand in the first 11 months of 2016, the Lisbon, Portugal-based... 

Tanzania said to pick Mota, Yapi to build $1.1bn rail

By: Bloomberg     3rd February 2017 Tanzania chose Turkish construction company Yapi Merkezi Insaat VE Sanayi As and Portuguese building firm Mota-Engil SGPS SA to build a railway at a cost of more than €1-billion ($1.1-billion) to connect the East African country with landlocked neighbors, people familiar with the matter said. The... 

Copper surplus reaches 154 000 t in August on weaker Chinese demand, seasonality

By: Henry Lazenby     23rd November 2016 New analysis by the International Copper Study Group (ICSG) has shown an apparent production surplus of around 154 000 metric tonnes in August, mainly owing to weaker Chinese demand and seasonally weak use in other regions. The Lisbon, Portugal headquartered think tank said in a statement Monday... 

Some green shoots visible in mining sector, says Barloworld’s Thomson

By: Irma Venter     21st November 2016 For the first time in four years some green shoots are starting to appear in the mining industry, says Barloworld CE Clive Thomson. Discussing the JSE-listed group’s financial results for the year ended September 30, in Johannesburg, he said he believed the current cycle had reached its bottom. 

Dakota eyes 2019 start in Portugal

By: Esmarie Swanepoel     21st November 2016 The Sepeda lithium project, in Portugal, is expected to deliver its first production in mid-2019, owner Dakota Minerals reported on Monday. The company said that the timing with first production coincided with the planned opening of various lithium-ion battery factories across Europe and the... 

BMR invests in Portuguese metal exploration

By: Anine Kilian     14th November 2016 Base metals miner BMR Group has acquired an 80% interest in an exploration concession for tungsten, tin, and potentially other minerals including gold and silver, over the property known as Ester in northern Portugal. The company announced on Monday that the option was granted by private... 

Pilbara expands Pilgangoora footprint with Dakota project buy

By: Esmarie Swanepoel     6th October 2016 Lithium developer Pilbara Minerals is buying a project adjacent to its Pilgangoora lithium/tantalum project in Western Australia, announcing on Thursday that it will add Dakota Minerals’ Lynas Find to its portfolio. Pilbara Minerals MD Ken Brinsden said the purchase consolidated the company’s... 

Kinross sells 4.7% stake in Lundin

By: Henry Lazenby     27th September 2016 Gold producer Kinross Gold has agreed to sell a 4.7% stake in Lundin Mining to GMP Securities, amounting to 5.5-million common shares at C$5.60 apiece. Kinross on Monday said the deal was part of its portfolio management strategy and would generate C$30.8-million in gross proceeds. 

Precious and ornamental stones in the limelight in Moz, Angola

By: Keith Campbell     16th September 2016 Mozambican miner Montepuez Ruby Mining Limitada (MRM) has been recognised as the country’s second biggest exporter in the mining sector last year, and as the largest exporter from the northern province of Cabo Delgado, where its mine is located. These recognitions have been made by the Export... 

Lundin affected by low price environment, reports second-quarter loss

By: Anine Kilian     29th July 2016 Canadian base metals company Lundin Mining has reported a net loss attributable to shareholders of $791.2-million for the quarter ended June 30. The loss included a $772.1-million asset impairment on the company's 24% interest in the Democratic Republic of Congo-based Tenke Fungurume... 

Paynes plans Austria lithium acquisition, Global takes option on US project

By: Mariaan Webb     3rd June 2016 Australia’s Paynes Find Gold said on Friday that it would ask shareholders to approve a capital raising for between A$6-million and A$9-million for the acquisition of a lithium project in Austria. ASX-listed Paynes reported that it had completed a due diligence on the acquisition of European... 

Potential, risks of Mozambique mining sector outlined

     3rd June 2016 The extractive sector in Mozambique currently represents less than 4% of economic activity in the country but has scope to grow considerably, says international metals and minerals researcher Roskill, which has released its Mozambique African Mining Report (AMR) 2016. 

Dakota announces lithium buy in Portugal, Capital eyes Ireland

By: Mariaan Webb     1st June 2016 In separate transactions, two Australian exploration companies on Wednesday announced their expansion into Europe, with Dakota Minerals set on Europe’s largest lithium producing country, Portugal, and Capital Mining setting its sight on projects in Ireland. Dakota had signed a binding agreement... 

Almonty gains Vietnam ferrotungsten plant with ATC takeover

By: Mariaan Webb     31st May 2016 Canada-based tungsten miner Almonty Industries has moved to take over ATC Alloys, which would provide the company access to one of the largest and most advanced ferrotungsten plants outside China. Announcing the transaction on Tuesday, the companies said in a joint statement that TSX-V-listed... 

Another Mozambique coal railway project develops, while country is hit by debt scandal 

By: Keith Campbell     6th May 2016 The international tender for the construction of a new railway to link Mozambique’s coal fields to the coast closed at the end of last week. The project is being developed by Thai Moçambique Logística, a joint venture between Thailand-based Italian Thai Development Company, which has a 60% share,... 

Three Canadian provinces in top ten of Fraser Institute’s Policy Perception Index

By: Henry Lazenby     10th March 2016 Three Canadian provinces rated tops in the Fraser Institute’s Policy Perception Index (PPI), although Australia surpassed Canada in 2015 to become the most attractive region in the world for investment. However, only two Canadian jurisdictions (Saskatchewan at 2 and Quebec at 8) were in the top... 

Uncertainty surrounds Centerra’s main producing asset in 2016

By: Henry Lazenby     25th February 2016 Significant uncertainty hangs over Canadian miner Centerra Gold’s flagship Kumtor mine, in the Central Asian Republic of Kyrgyzstan, as the company’s only currently operating mine faces legal and regulatory headwinds this year. In reporting its fourth-quarter and full-year 2015 financial results... 

M&R subsidiary buys project, construction management group

By: Natalie Greve     6th January 2016 Murray & Roberts (M&R) subsidiary Cementation Canada has completed the acquisition of project and construction management services group Merit Consultants International. Merit has worked with global clients in the mining and resource industry, successfully participating in projects in the US,... 

Lundin increases copper production guidance for 2016, 2017

By: Creamer Media Reporter      3rd December 2015 An improved production profile at diversified miner Lundin Mining’s 80%-owned Candelaria operation, in Chile, has led to an improvement in the company’s overall copper production guidance for 2016 and 2017, compared with the estimates provided at the end of 2014. Lundin on Wednesday released its... 

Centerra gets enviro green light for Turkey project

By: Henry Lazenby     10th November 2015 The Turkish Ministry of Environment and Urbanisation has approved TSX-listed Centerra Gold’s Öksüt project’s environmental-impact assessment (EIA). “We are very pleased that this milestone has been achieved and the timetable for Öksüt continues to move forward as planned. The company will now... 

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