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Topic

Atalaya completes prefeasibility study on Spain copper project

By: Mariaan Webb     23rd April 2018 A prefeasibility study (PFS) has found that the Proyecto Touro copper project will be profitable, validating Aim- and TSX-listed Atalaya Mining’s initial interest in the brownfields development in north-west Spain. Based on a long-term copper price of $3/lb, the Touro project has an after-tax... 

Apollo plans IPO for Constellation subsidiary

By: Esmarie Swanepoel     23rd April 2018 ASX-listed junior Apollo Minerals announced plans to list its Fraser Range nickel/copper and gold assets on the Australian bourse through an initial public offering (IPO). The separate listing of Apollo’s subsidiary Constellation Resources, would allow the company to focus its efforts on its... 

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,... 

Atalaya acquires Proyecto Riotinto royalty for $4.75m

By: Marleny Arnoldi     13th April 2018 Copper miner Atalaya Mining has agreed to acquire a royalty over the Proyecto Riotinto project, in Spain, from Rumbo 5-Cero for $4.75-million.  

Atalaya’s Q1 output beats management expectations

By: Mariaan Webb     11th April 2018 Dual-listed Atalaya Mining has achieved its second highest production quarter on record, with copper output increasing to 9 441 t in the three months ended March, from 8 805 t in the corresponding period of 2017. The company, which operates the Proyetco Riotinto mine, in Spain, achieved a 7.1%... 

Farnese blue diamond goes on sale after 300 years of royal history

By: Reuters     6th April 2018 The historically important Farnese Blue diamond, which was passed down through European royal families for some 300 years, is to go on sale for the first time next month, auctioneers Sotheby's said. Expected to fetch between $3.7-million and 5.3-million, the 6.1 ct, dark grey-blue stone from the... 

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... 

Apollo raises cash for European projects

By: Esmarie Swanepoel     4th April 2018 ASX-listed junior Apollo Minerals will raise A$6-million through an institutional placement to accelerate work programmes at the Couflens project, in France, and the Aurenere project, in Spain. Apollo will issue 26.1-million shares, at a price of 23c each, to raise the costs, with the placement... 

W Resources awarded €5.3m grant for Spain tungsten mine

By: Mariaan Webb     28th March 2018 The Junta de Extremadura government has awarded Aim-listed W Resources a €5.3-million grant for the La Parrilla tungsten and tin project, in Spain. The grant equates to 32% of the €16.6-million plant and facilities package that qualified for the grant contribution. 

Atalaya improves financial performance on production and price gains

By: Mariaan Webb     27th March 2018 Dual-listed copper miner Atalaya Mining has posted a 60% jump in net income to €18.2-million in 2017, thanks to strong revenue growth on the back of higher production from Proyetco Riotinto, in Spain, and increasing copper prices. Revenue for the 12-month period amounted to €160.5-million,... 

Apollo takes interest in Spanish project

By: Esmarie Swanepoel     21st March 2018 ASX-listed Apollo Minerals will acquire a 75% interest in the Aurenere tungsten/gold project, in northern Spain, along strike from the Couflens project, in France. Under the share purchase agreement, Apollo would acquire a majority interest in Spain’s NeoMetal for €100 000 cash upfront, and a... 

Africa’s leading industry trade fair prepares to open its doors

By: Creamer Media Reporter      6th March 2018 The countdown has begun: bauma CONEXPO AFRICA opens its doors for the third time in one week. The largest trade fair for construction machinery, building material machines, mining machines and construction vehicles in Africa continues to attract international participation, highlighted by four... 

W executes major offtake agreements

By: Mariaan Webb     23rd February 2018 Tungsten, copper and gold explorer and developer W Resources has signed two major long-term offtake agreements for tungsten concentrate from its La Parrilla mine, in Spain. The Aim-listed company reported on Friday that it would supply European tungsten processing giant Wolfram Bergbau und... 

First Quantum lifts Cobre Panama capacity 15%; swings to FY17 loss

By: Henry Lazenby     13th February 2018 Base metals producer First Quantum Minerals will expand the capacity of its massive Cobre Panama copper project, in Panama, by 15% to 85-million tonnes a year. The Toronto-based miner on Monday also said it has sanctioned upgrades to certain areas to accommodate a further capacity expansion to... 

Board and management changes announced at Plymouth

By: Mariaan Webb     7th February 2018 Lithium-focused Plymouth Minerals on Wednesday announced board and management changes as part of its continued focus to advance the San Jose lithium/tin project, in Spain. Plymouth, which plans to change its name to Infinity Lithium, said it had strengthened its executive team with the... 

Plymouth to become Infinity Lithium, puts Gabon potash assets on the block

By: Mariaan Webb     25th January 2018 ASX-listed Plymouth Minerals, which is earning in to the San Jose lithium/tin project in Spain, has announced that it will sell its potash assets and change its name to reflect its sole focus. In an emailed newsletter, CEO and MD Adrian Byass said on Thursday that the name change to Infinity... 

Berkeley says offtake activity to intensify this year

By: Mariaan Webb     23rd January 2018 Uranium project developer Berkeley Energia is seeing a “notable” increase in public tender activity and says it expects offtake activity to intensify, once full construction of its Salamanca mine, in Spain, is under way. In a quarterly update on Tuesday, Berkeley said that it would participate... 

Copper production declined in first ten months of 2017 – ICSG

By: Schalk Burger     23rd January 2018 Worldwide copper mine production declined 2.6% in the ten months to October 2017, while concentrate production declined by 2.2% and production through solvent extraction-electrowinning declined by 4.3% in the same period, according to the intergovernmental copper body The International Copper... 

Atalaya increases copper output in first full year of production

By: Natasha Odendaal     22nd January 2018 Aim- and TSX-listed Atalaya Mining has delivered an increase in copper output during the first full year of commercial production as mining operations stabilise quarter-on-quarter. Proyecto Riotinto, in Andalucía, Spain, achieved 37 164 t of copper production in 2017, a rise on the 26 179 t... 

Plymouth advances feasibility study at San Jose

By: Megan van Wyngaardt     10th January 2018 After completing a successful $6.5-million capital raising in December, ASX-listed Plymouth Minerals has started the San Jose feasibility study, which it intends to complete during this year. To finalise the process of lodging the mining licence application (MLA), which earned Plymouth its... 

Prospex buys into Tesorillo gas project

By: Megan van Wyngaardt     19th December 2017 Aim-listed investment firm Prospex Oil & Gas has agreed to acquire up to a 49.9% interest in the Tesorillo gas project in the Cadiz province, in southern Spain. Tesorillo contains a known gas discovery, estimated to hold gross unrisked prospective resources of 830-billion cubic feet of gas,... 

San Jose feasibility study fully funded

By: Megan van Wyngaardt     13th December 2017 ASX-listed Plymouth Minerals has received commitments to raise $6.5-million through the issue of 36.4-million shares at $0.18 apiece, with the funds committed towards the completion of a feasibility study at its San Jose lithium/tin project, in the mining region of Extremadura, Spain. The company... 

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... 

Berkeley selects mining and construction contractors for Salamanca mine

By: Megan van Wyngaardt     12th December 2017 Dual-listed Berkeley Energia expects to pour concrete at its fully-funded Salamanca mine, in western Spain, in the new year, the company said on Tuesday, as it announced the award of major contracts for the uranium mine. The company said that Sanchez y Lago, one of Spain’s major construction... 

W Resources receives preliminary approval for tungsten mine funding

By: Creamer Media Reporter      12th December 2017 Aim-listed W Resources has received preliminary approval from US Specialists Situations Fund for a $30-million term loan to fund the La Parrilla tungsten mine, in Spain. The term loan is subject to final due diligence and legal documentation, with financial close targeted for late December or... 

Atalaya board approves €80.4m expansion in Spain

By: Mariaan Webb     4th December 2017 European mining and development company Atalaya Mining on Monday announced its decision to proceed with the 15-million-tonne-a-year expansion of its Proyecto Riotinto mine, in Spain. The €80.4-million expansion would upgrade processing facilities, including the installation of a new primary... 

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,... 

Berkeley closes Oman financing transaction

By: Samantha Herbst     30th November 2017 Following shareholder approval announced on Thursday, uranium project developer Berkeley Energia has completed a strategic investment of up to $120-million with the sovereign wealth fund of the Sultanate of Oman, which means that Berkeley can now bring the Spain-based Salamanca uranium mine into... 

Construction activities at Spanish tungsten project gather pace

By: Mariaan Webb     28th November 2017 Construction activities at the Barruecopardo tungsten mine in Salamanca, Spain, are gathering momentum, with about 100 people now working on the project. Ormondo Minerals, which has a 30% shareholding in the mine, reported on Tuesday that the major earthmoving phase relating to construction of... 

Plymouth hoping for strategic industry partner for San Jose project

By: Mariaan Webb     24th November 2017 Exploration and development company Plymouth Minerals is aiming to attract a strategic industry partner for the development of its flagship lithium project in Spain and said on Friday that it was in discussions with European gigafactory developers. The San Jose project, in which Plymouth has a... 

Agromining may provide new opportunities to extract remaining value from mined land

By: Mia Breytenbach     24th November 2017 With a significant portion of large mineral deposits having been discovered worldwide, and, in many cases, reaching the end of viable economic recovery, phytomining is one option that could be chosen to extract the remaining value from this mined ground, Florida International University... 

Agromining may provide new opportunities to extract remaining value from mined land

By: Mia Breytenbach     24th November 2017 With a significant portion of the large mineral deposits having been discovered worldwide, and in many cases reaching the end of viable economic recovery, phytomining is one option that could be chosen to extract the remaining value from this mined ground, Florida International University... 

Toral exploration licence renewed

By: Creamer Media Reporter      22nd November 2017 ASX- and Aim-listed Ferrum Crescent has been granted a renewed, three-year exploration licence for its Toral project, in Spain, effectively resetting the “exploration clock” for the lead/zinc assets. Ferrum Crescent subsidiary GoldQuest Iberica, which is the holder of the Toral exploration... 

Atalaya encouraged by positive copper expansion study

By: Mariaan Webb     16th November 2017 The expansion of the Proyecto Riotinto copper mine in Andalucía, Spain, is “technically and financially robust”, a study into the feasibility of increasing capacity beyond 9.5-million tonnes a year has found. Dual-listed Atalaya Mining reported on Thursday that it had completed the study, which... 

Winmar withdraws from Spain JV, reduces salaries by 50%

By: Mariaan Webb     14th November 2017 Australia’s Winmar Resources has slashed its staff salaries and directors fees by half to minimise cash outflows until it has secured a new lead project. The announcement on Tuesday comes a day after the company said that it had withdrawn from the Lomero joint venture project with Kimberly... 

San Jose study shows robust project at 'half current lithium price' – Plymouth

By: Esmarie Swanepoel     18th October 2017 A scoping study into the San Jose lithium-tin project, in Spain, has found that the project could deliver some 15 000 t/y of battery grade lithium carbonate over an initial mine life of 24 years. ASX-listed Plymouth Minerals on Wednesday reported that the project was expected to require a caital... 

Explorer Ferrum Crescent adopts revised strategy

By: Creamer Media Reporter      17th October 2017 Exploration firm Ferrum Crescent has announced a revised exploration strategy for the Toral base metals project, in Spain, including the appointment of expert geological advisers to better understand the project economics. The revised strategy will be led by newly appointed executive director... 

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