R/€ = 16.47 Change: 0.01
R/$ = 14.02 Change: -0.05
Au 1292.84 $/oz Change: 2.84
Pt 953.50 $/oz Change: 5.50


Metals study groups appoint Paul White as new secretary general

By: Henry Lazenby     27th October 2017 The International Copper Study Group, the International Lead and Zinc Study Group (ILZSG) and the International Nickel Study Group have appointed Paul White as their new secretary general to replace Don Smale, who will retire on December 31. Assuming his new role on January 1, White is currently... 

Savannah Resources seeks pole position in European lithium race

By: Reuters     27th October 2017 Miner Savannah Resources aims to begin mining lithium in Portugal at the end of 2019, making it the first big producer of the battery mineral in Europe, where rival projects are springing up across the continent. So far, lithium production has been led by Latin America, Australia and China, and... 

Savannah raises £3.91m to advance pipeline of projects

By: Creamer Media Reporter      25th October 2017 Aim-listed Savannah Resources has raised about £3.91-million through the issue of about 74.43-million shares to new and existing investors at a placing pricing of 5.25p a share. It has also issued one warrant for every two new subscriptions shares, with each warrant having an exercise price of 6p. 

Bauma CONEXPO AFRICA: numerous industry leaders on board

By: Creamer Media Reporter      20th October 2017 The economic comeback of Sub-Sahara and positive market opportunities in South Africa are reflected in the number of companies that have already signed up for the upcoming bauma CONEXPO AFRICA. The third international trade fair for construction machinery, building material machines, mining... 

Zinc deficit grows 30% in first eight months of 2017; lead narrows gap – ILZSG

By: Henry Lazenby     11th October 2017 The zinc supply gap has widened by 30% year-on-year for the first eight months of this year, new data published by the International Lead and Zinc Study Group (ILZSG) shows. The Lisbon, Portugal-based organisation on Wednesday said the zinc deficit had grown from 221 000 t over the same... 

Explorer preparing to drill for lithium in Sweden

By: Mariaan Webb     27th September 2017 Australia-based lithium explorer Novo Litio is preparing for its maiden drilling programme at the Spodumenberget prospect in central Sweden, in keeping with its goal of supplying lithium from Europe, for Europe. The Spodumenberget prospect, near Örnsköldsvik, has previously yielded high-grade... 

Robust intersections support potential to fast-track Portugal lithium project

By: Mariaan Webb     20th September 2017 Aim-quoted Savannah Resources is hard at work to fast-track its Mina do Barroso lithium project, in Portugal, to production, as it seeks to tap into the fast-expanding battery market. Assay results from the first part of a reverse circulation drilling programme at two high-priority targets,... 

W Resources planning new drilling campaign at Tarouca, Portugal

By: Creamer Media Reporter      20th September 2017 Aim-listed W Resources has been granted a two-year licence extension for exploration at Tarouca, near its Régua project, in Portugal, paving the way for a new drilling campaign. Tarouca is about 20 km from Régua and has the potential to enhance and expand the Régua development, W Resources... 

Lundin accelerates exploration at all sites into 2018

By: Samantha Herbst     6th September 2017 TSX-listed base metals miner Lundin Mining’s exploration efforts continue to add significant value to the company’s assets and, in light of improved market conditions, the company plans to accelerate exploration at all mine sites in 2018, as well as advance at least two new copper-focused... 

Novo Litio chooses path in Portugal

By: Esmarie Swanepoel     4th September 2017 A scoping study into the Sepeda lithium project, in Portugal, has identified the production of a mineral concentrate to be the preferred route of development, with an underground operation likely to result in the best outcome. ASX-listed Novo Litio on Monday told shareholders that the scoping... 

Savannah intersects broad zones of pegmatite at Portugal lithium project

By: Creamer Media Reporter      10th August 2017 Exploration firm Savannah Resources has completed 16 reverse circulation drill holes at its Mina do Barroso lithium project, all of which intersected pegmatite. The company will now sharpen its focus on three primary target areas – Grandao, Reservatorio and NOA. 

Sepeda exploration continues as Novo Litio goes to court over rights

By: Mariaan Webb     28th July 2017 Australian explorer Novo Litio will take its dispute with the vendor of the mineral rights to the Sepeda lithium project to the courts in Portugal, after it failed to reach an agreement with Lusorecursos over the sale of the project. The company, which on Friday resumed its trading on the ASX,... 

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. 

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