Kaunisvaara iron-ore project, Sweden

Northland Resources has signed a $40-million cost overrun loan with South Africa’s Standard Bank for the Kaunisvaara iron-ore project.

11/05/2012 (On-The-Air)

Yet another black-controlled manganese mine is being built in South Africa’s richly endowed Kalahari Manganese Basin; The first major step has now been taken towards the realisation of an ambitious new South African dream – the local...

Southern African coal prices may recover by year-end

Southern African coal prices will be under pressure over next the few months, as the recovery in the US and Chinese growth were sluggish, while the eurozone was still in a dismal state, Standard Bank commodities strategist Marc Ground said on...

Northland raises $40m inflation buffer for Swedish project

Northland Resources, building an iron-ore mine in Sweden, said on Thursday it signed a $40-million cost over-run loan with South Africa’s Standard Bank. The TSX- and Oslo-listed company aims to start producing the steelmaking ingredient at its...

SA govt grants PTM mining right

Canada’s Platinum Group Metals (PTM) has received a mining right from the South African government for its flagship project in the country, the TSX- and Amex-listed company said on Wednesday. PTM also said it would finalise by the end of the...

Finders finds offtake partner for Wetar

Metals developer Finders Resources has signed an offtake agreement for up to 60% of its copper cathode production from the Wetar copper project, in Indonesia. Under the terms of the agreement, international financing company Standard Bank would...

IFC to arrange $50m Axmin debt deal

Axmin, which trades on the TSX-V, said on Friday the World Bank’s International Finance Corporation (IFC) had agreed to arrange $50-million in debt to fund the company’s Passendro gold project in the Central African Republic (CAR). As part of...

Global copper demand to grow 1.2% this year

China remains the key global growth driver for copper, but demand growth from the Asian giant is expected to slow this year, Standard Bank head of commodities research Walter de Wet reveals.

Platinum miners loath to take lead on output cuts

Profit prospects are poor for South Africa's platinum miners as they collectively hold back from making the deep production cuts necessary to reduce a market surplus and force higher prices. They have felt some respite this year from the...

China’s NDRC approves $1.5bn Shandong investment in Tonkolili

China's National Development and Reform Committee (NDRC) has approved Shandong Iron and Steel's proposed $1.5-billion investment in African Minerals’ Tonkolili iron-ore project, in Sierra-Leone. London-listed African Minerals said Shandong...

Global copper demand to grow 1.2% this year

China remains the key global growth driver for copper, but demand growth from the Asian giant is expected to slow this year, Standard Bank head of commodities research Walter de Wet said this week. China’s demand, which has been growing at...

Tonkolili iron-ore project, Sierra Leone

African Minerals has announced that it has arranged $868-million in financing for the continued expansion at its Tonkolili iron-ore project.