NewRange reviewing options after NorthMet permit decision

Minnesota-based NewRange Copper Nickel, a joint venture between Teck Resources and PolyMet Mining, is reviewing its options to chart a course forward for its NorthMet development, after the US Army... 

HighGold and Onyx Gold complete spin-out

TSX-V-listed minerals explorer HighGold has closed its spin-out transaction pursuant to which the company’s Ontario and Yukon exploration properties have been spun out to Onyx Gold. HighGold... 

Eldorado closes C$135m bought-deal financing

Gold miner Eldorado Gold has closed the previously announced bought-deal offering of C$135-million, the proceeds of which will be used to fund growth initiatives across the global portfolio. The... 

TFR starts repairs on iron-ore rail line following derailment

The iron-ore corridor rail line, in the Northern Cape, that had to be closed after a derailment on June 5 has been cleared and Transnet Freight Rail (TFR) has started with the necessary repairs.... 

Augusta advances Reward project to feasibility study

Toronto-listed Augusta Gold has announced it will advance its Reward project, in the Walker Lane district of southern Nevada, to a feasibility study, bringing the company closer to its plan to get... 

Implats names new COO; Munroe appointed chief technical officer

Platinum group metals (PGMs) miner Impala Platinum (Implats) has appointed Patrick Morutlwa to succeed Gerhard Potgieter as COO, with effect from June 19. Potgieter is retiring after 13 years at... 

Petra postpones majority of sixth diamond tender sales to August

A slowdown in the market for rough diamonds as a result of elevated inventory in the midstream has prompted Petra Diamonds to postpone the majority of its Tender 6 rough diamond sales. Petra had... 

Abcourt reports death of founder

TSX-V-listed Abcourt Mines has announced the death of its founder, Renaud Hinse, who created the company in 1979 and served as president and CEO until April last year. He was still director of the... 

Marula strengthens management team

Africa-focused battery metals investment and exploration company Marula Mining has strengthened its management team with a number of key appointments, including that of Tokkas van Heerden as COO.... 

Metals Acquisition shareholders approve Australia copper mine buy

The shareholders of NYSE-listed Metals Acquisition Corp (MAC) have approved its proposed acquisition of the CSA copper mine from Glencore Operations Australia. MAC will acquire from Glencore the... 

Derailment, cable theft disrupts TFR's iron-ore rail corridor

State-owned Transnet Freight Rail (TFR) on June 5 reported that its iron-ore corridor had been severely impacted on by a derailment and cable theft. TFR said 20 iron-ore loaded wagons had derailed... 

Peak Rare Earths makes new director appointment

Project developer Peak Rare Earths has announced the appointment of Nick Bowen as a nonexecutive director. Bowen has extensive experience in the construction, development and operation of... 

Fortuna reports fatality at Peru mine

NYSE- and TSX-listed Fortuna Silver Mines has reported a mine fatality at its Caylloma mine, in Peru. The company said that the worker was employed by a mining contractor and that he had died in... 

Juanicipio hits commercial milestone

The Juanicipio project, owned by Fresnillo and MAG Silver, has achieved commercial production. MAG, which has a 44% interest in the project, announced on Monday that the mill was operating at... 

Sierra Madre to resume trading on TSX-V

Precious metals exploration and development company Sierra Madre will resume trading on the TSX-V when the market opens on Monday, following a lengthy process to relist. Shares were halted from... 

Implats buys more RBPlat shares

Platinum group metals miner Impala Platinum (Implats) has concluded agreements to acquire a further 591 071 shares in Royal Bafokeng Platinum (RBPlat).  That represents about 0.20% of RBPlat's... 

NiCAN receives Manitoba Mineral Development Fund grant

Minerals exploration company NiCAN has received approval for a C$300 000 grant from the Manitoba Mineral Development Fund (MMDF) to support its exploration activities at its Wine project, in the... 

Magazine round up | 02 June 2023

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

Ascent announces intention to bid for Amur Minerals

European and Latin America-focused Ascent Resources on Thursday revealed that it had approached the board of Amur Minerals, which is a cash shell following its disposal of its Russian nickel asset... 

Appian in JV to build 20 solar parks in Minas Gerais

Appian Capital Advisory, an investment adviser to private equity funds investing in mining and mining-related companies, on Thursday announced a joint venture (JV) partnership with Brazilian... 

Lundin Trusts, BHP back Filo's C$100m placement

Canadian junior Filo Mining has announced  a C$100-million private placement to fund the continued exploration and development of its Filo del Sol project, in Argentina. The TSX-listed firm... 

Silver One acquires past-producing Candelaria

TSX-V-listed Silver One Resources has acquired a 100% interest in the past producing Candelaria silver mine project, in Nevada, from SSR Mining. In order to obtain its 100% interest, Silver One... 

Eldorado secures C$81.5m EBRD investment, unveils C$135m bought-deal financing

The European Bank for Reconstruction and Development (EBRD) has agreed to a C$81.5-million strategic investment in Canada-headquartered Eldorado Gold to continue work on its Skouries project, in... 

Greatland to earn into Rio Tinto’s Paterson South tenure

Aim-listed Greatland Gold has entered into a farm-in and joint venture (JV) agreement with diversified major Rio Tinto to accelerate exploration across 1 884 km2 of prospective tenure in the... 

Wesizwe to start commissioning of Bakubung processing plant

Platinum group metals company Wesizwe Platinum has confirmed to shareholders that it will start commissioning of the Bakubung Platinum Mine (BPM) processing plant on May 31. Production at BPM is... 

Cerrado receives preliminary licence for Brazil project

Toronto-based gold producer Cerrado Gold has received the first licence in a three-stage licence process to bring its Monte Do Carmo project, in Brazil, into production. The preliminary licence... 

BC residents show strong support for critical minerals development – survey

Three quarters of British Columbians would like to see the province become a world leader in supplying critical minerals that are vital to clean technologies and fighting climate change, according... 

Consolidated to create new pure-play US uranium company

TSX-V-listed Consolidated Uranium (CUR) has announced the creation and planned spin-out of Premier American Uranium (PUR), currently a majority controlled subsidiary of CUR focused on the... 

Tsodilo becomes a ResponsibleSteel member

Exploration company Tsodilo Resources has been accepted for membership in the ResponsibleSteel organisation – a global not-for-profit multistakeholder standard and certification initiative whose... 

Mkango appoints ESG specialist to its board

Aim- and TSX-V-listed Mkango Resources has appointed Philipa Varris to its board as nonexecutive director and chairperson of its sustainability committee. The company states that the appointment is... 

USGS invests millions in critical-minerals mapping in Alaska

The US Geological Survey (USGS) will invest more than $5.8-million to map critical-mineral resources in Alaska in partnership with the Alaska Division of Geological and Geophysical Surveys. “I’m... 

CDA says USGS stance on copper ignores its own methodology

The Copper Development Association (CDA) has slammed the US Geological Survey (USGS) for misleading a bipartisan group of congressmen and senators about the need for copper to be included in the US... 

Marula establishes copper, graphite subsidiary in Kenya

AAfrica-focused mining and development company Marula Mining has established a wholly-owned operating subsidiary company Muchai Mining Kenya to focus on securing both near-term and advanced copper... 

Contango's Lubu project produces first washed coal

The Lubu coking coal project, in Zimbabwe – owned by London-listed natural resource development company Contango Holdings – produced its first washed coal on May 23. This followed dry and wet runs... 

Eskom to implement Stage 5 loadshedding from 16:00

Power utility Eskom has announced that it will implement Stage 5 loadshedding in the evenings until further notice. Stage 5 loadshedding will be implemented from 16:00 until 05:00 and Stage 4... 

Long-standing Avalon CEO retires

Toronto-listed lithium development company Avalon Advanced Materials has announced the retirement of its long-standing CEO, Dun Bubar. Scott Monteith, who joined Avalon’s board of directors... 

Former Wheaton director passes away

Streaming company Wheaton Precious Metals has announced the passing of one of its founding board members, John Brough. He passed away last week owing to a health-related issue. 

Silver X no longer buying Revenue mine

Vancouver-based Silver X Mining said on Friday that it would no longer acquire the Revenue-Virginius mine, in Colorado, out of receivership. Silver X in April announced it would buy the asset from... 

Decommissioned Cluff Lake mine transfers to province

The Canadian Nuclear Safety Commission (CNSC) has approved Orano Canada’s application to revoke the mine and mill operating licence for the Cluff Lake project, allowing the site to be transferred... 

New CFO to take the helm at Newmont

Gold mining major Newmont on Thursday announced the appointment of  Karyn Ovelman as executive VP and CFO. She will join the company during the second quarter.