R/€ = 14.55 Change: 0.02
R/$ = 12.50 Change: 0.01
Au 1301.61 $/oz Change: -2.13
Pt 901.50 $/oz Change: -9.36


On-The-Air (25/05/2018) 

By: Martin Creamer     25th May 2018 128 years of branding came crashing down this week when the name Chamber of Mines was trashed and replaced with Minerals Council South Africa. With all the talk about new emerging farmers coming on to the land in the future, South Africa needs to step up its mining of phosphates. Certification is... 

Global copper surplus falls 12.8% to 110 000 t

By: Henry Lazenby     24th May 2018 The global refined copper balance for the first two months of this year indicates a surplus of about 110 000 t, a 12.8% drop year-on-year, the International Copper Study Group has found. The Lisbon, Portugal-based think tank said apparent refined demand increased 3.9% year-on-year to 3.77-million... 

Mina do Barroso shaping up as 'major new European discovery'

By: Mariaan Webb     2nd May 2018 Shares in Aim-listed Savannah Resources jumped 15% on Wednesday as the company announced its second mineral resource upgrade in as many months for the Mina do Barroso lithium project, with the project now estimated to contain 149 300 t of lithium oxide (Li2O). The project, in northern Portugal,... 

W completes drilling campaign at Tarouca tungsten project

By: Marleny Arnoldi     26th April 2018 Aim-listed W Resources has completed a reverse circulation (RC) drilling campaign at its Tarouca tungsten and tin exploration licence in Portugal.  

Bulk sample collection under way at Savannah’s Mina do Barroso

By: Marleny Arnoldi     26th April 2018 Aim-listed diversified miner Savannah Resources on Thursday announced that the collection of a bulk sample is under way at its NOA deposit, which is one of three primary target areas that are currently being advanced at the Mina do Barroso lithium project, in Portugal.  

Barloworld to sell Iberian equipment business, shares hit

By: Reuters     25th April 2018 Barloworld will sell its underperforming Iberian equipment business to privately-owned Italian group Tesa following a strategic review. Shares in the equipment, car rental and logistics provider fell more than 7% after Wednesday's announcement, in which Barloworld said the overall proceeds of the... 

Orion appoints mining engineer as nonexecutive director

By: Creamer Media Reporter      18th April 2018 ASX- and JSE-listed Orion Minerals, which is developing the Prieska base metals project in South Africa’s Northern Cape, has appointed Michael Hulmes as nonexecutive director. Hulmes is a mining engineer with over 30 years’ senior executive, management 

W Resources plans to spin off or sell copper and gold assets

By: Mariaan Webb     17th April 2018 European mining project developer W Resources is considering spinning off or selling its copper and gold projects, as it increasingly focuses on its tungsten assets in Spain and Portugal. The company, which is advancing the La Parrilla tungsten mine in Spain, owns the São Martinho,... 

Savannah to incentivise senior management as it expedites mining projects

By: Marleny Arnoldi     13th April 2018 Aim-listed resource development company Savannah Resources has implemented a long-term incentive plan (LTIP) to incentivise executive directors and certain senior management as the company continues to expedite its projects to tap into the growing market for energy metals.  

Dormant Swedish mine comes alive in rush for car batteries

By: Bloomberg     6th April 2018 The global race to develop batteries for electric cars is reaching deep into the pine forests of central Sweden, where a dormant graphite mine is getting a new lease on life. Woxna, situated about 259 km north of Stockholm, was mothballed in 2001 amid a slump in prices. Now, a Canadian company... 

Novo Litio seeking to resolve Portugal project dispute commercially

By: Mariaan Webb     6th April 2018 Australia-listed Novo Litio has been engaging with Lusorecursos in Portugal to resolve the dispute concerning the ownership of the Sepeda lithium project commercially. This comes as a court last year denied Novo Litio’s request for expedited legal proceedings to hear the matter. 

W raises £1.5m to accelerate Portuguese tungsten projects

By: Creamer Media Reporter      5th April 2018 Aim-listed W Resources said on Thursday it had completed a placement of 300-million shares at 0.5p each to raise £1.5-million from new and existing shareholders. The placing enables W to accelerate development on its Portuguese projects, in particular at the Régua and Tarouca tungsten projects... 

Savannah discovers high-grade lithium at Mina do Barroso

By: Creamer Media Reporter      5th April 2018 Aim-quoted Savannah Resources has discovered new high-grade lithium mineralisation at its Mina do Barroso project, in Portugal, where it believes the Grandoa deposit offers a significant near-term lithium development. The new mineralisation was discovered to the west and southwest of the main... 

Savannah raises cash for project pipeline

By: Creamer Media Reporter      3rd April 2018 Aim-quoted Savannah Resources has potentially raised £2.1-million in gross proceeds for its project pipeline in Africa and Europe, the company reported on Tuesday. The fundraising comprised new and exiting investors subscribing for 27 636 361 new shares at 5.5 p a share, for gross proceeds of... 

Global copper deficit widens 21% in 2017 as refined supplies stagnate

By: Henry Lazenby     21st March 2018 The latest data from the Lisbon, Portugal-based International Copper Study Group (ICSG) points to a 21% year-on-year widening in the global deficit of refined copper, as refined supplies remain stagnant. During 2017, the global refined copper balance slid to a deficit of 163 000 t of red metal,... 

Metallurgical tests confirm high-grade spodumene at Portugal project

By: Schalk Burger     5th March 2018 Aim-listed Savannah Resources on Monday reported that Phase 2 metallurgical test work at the Mina do Barroso lithium project, in Portugal, has confirmed that conventional metallurgical processes will produce a spodumene concentrate. “Test work confirms high-grade spodumene mineralisation with a... 

Savannah appoints Hatch for Mina do Barroso scoping study

By: Megan van Wyngaardt     28th February 2018 Aim-listed Savannah Resources has appointed multidisciplinary engineering consultancy Hatch to conduct a scoping study of a potential mine development of the Mina do Barroso lithium project, in Portugal. The scoping study will investigate a potential mining and concentration plant development... 

W clears last hurdle for ‘quiet achiever’ mine

By: Mariaan Webb     27th February 2018 Tungsten/copper/gold exploration and development company W Resources is gearing up to start work on the first stage of the Régua tungsten mine, in Portugal, after clearing the final hurdle for development by buying 20.3 ha of land. The purchase, for €300 000, covers the outcropping resource of... 

Savannah triples Portugal lithium project resource estimate

By: Creamer Media Reporter      26th February 2018 The inferred mineral resource estimate of the Mina do Barroso lithium project, in northern Portugal, has increased by 200%, project developer Savannah Resources said on Monday. The Aim-listed company reported an inferred mineral resource estimate of 9.1-million tonnes at 1.03% lithium oxide... 

Sense of urgency needed to revive South Africa’s mining industry, condemn evil past in strongest terms

By: Martin Creamer     23rd February 2018 A sense of urgency is needed to pull South Africa's mining industry back from the brink, set it on a course to success and for the industry to be scathing about condemning its evil past in the strongest of terms. The country has fallen badly behind other mining jurisdictions and the strong... 

Strong copper price sees OZ Minerals double net profit

By: Dylan Slater     22nd February 2018 South Australia-focused miner OZ Minerals has delivered a strong operational performance in 2017, which enabled the miner to exploit improved copper prices and deliver a 114% net profit after tax increase to $231-million 

Rwanda to issue mining licences to boost investment by a fifth

By: Bloomberg     21st February 2018 Rwanda will issue 50 new licences to mine metals including gold, tin and tantalum this year that may help boost investment in the East African nation by a fifth, the Rwanda Development Board said. The state-run board expects to attract $2-billion of investment in 2018, compared with $1.67-billion... 

Gold-focused Crusader puts Brazil, Portugal lithium assets up for sale

By: Schalk Burger     13th February 2018 ASX-listed minerals exploration and development company Crusader Resources aims to dispose of its lithium interests in Brazil and Portugal to focus its development and funding on the Borborema gold project, in Brazil, and the Juruena and Novo Astro gold exploration projects, in western Brazil.... 

Savannah's Mina do Barroso drilling programme shows good results

By: Megan van Wyngaardt     12th February 2018 Aim-listed Savannah Resources on Monday said that it had identified significant widths of lithium mineralisation through the ongoing reverse circulation (RC) drill programme at its Mina do Barroso lithium project, in northern Portugal. A total of 87 holes for 7 081 m have been drilled to date... 

Savannah creates lithium business development director role

By: Creamer Media Reporter      25th January 2018 Aim-quoted resource development company Savannah Resources has created a new non-board position of lithium business development director and has appointed Martin Steinbild to the role. Steinbild has significant experience in the lithium industry, having previously worked for Rockwood Lithium,... 

Global copper deficit grows to 181 000 t during first three quarters of 2017

By: Henry Lazenby     21st December 2017 The global copper supply deficit has grown to 181 000 t during the first three quarters of 2017. According to the latest assessment conducted by the Lisbon, Portugal-based International Copper Study Group (ICSG), stagnant refined copper supplies, in combination with strong Chinese apparent usage... 

Savannah Resources declarise maiden estimate at Mina do Barroso

By: Megan van Wyngaardt     18th December 2017 Aim-listed Savannah Resources has declared a maiden mineral resource estimate of 3.2-million tonnes at 1% lithium dioxide (Li₂O) for its Reservatorio deposit, at the Mina do Barroso lithium project, in northern Portugal. Reservatorio is one of three targets currently being advanced as part of the... 

Macron's climate summit draws pledges to make coal a risky bet

By: Bloomberg     13th December 2017 Some of the world’s biggest investors turned their backs on US President Donald Trump’s plan to revive the coal industry, pledging to divest from fossil fuels at a conference organised by French President Emmanuel Macron. The One Planet Summit in Paris was designed to galvanise support for the... 

Novo Litio changes European lithium plans

By: Mariaan Webb     11th December 2017 Shares in ASX-listed Novo Litio fell 15% on Monday as the company announced an update to its European lithium strategy. The company said its focus would shift to generating new lithium drill targets on its landholding in the northern Portugal lithium belt, although it would continue to pursue... 

Lundin stock tumbles on disappointing production outlook

By: Henry Lazenby     1st December 2017 Base metals producer Lundin Mining saw about 21% of its TSX-listed equity wiped out on Thursday after it reported a disappointing long-term production outlook on Wednesday. The Toronto-headquartered company punted significant investments in both the Candelaria copper mine and mill, in Chile,... 

Savannah reports 'significant' lithium intersections at Portugal project

By: Creamer Media Reporter      22nd November 2017 The reverse circulation (RC) drill programme for the Mina do Barroso lithium project, in Portugal, has returned significant intersections of lithium mineralisation, Aim-quoted Savannah Resources reported on Wednesday. The company has completed a further 27 holes f 

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 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... 

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