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FID for West Musgrave planned for 2022 - Oz Minerals

By: Esmarie Iannucci     Updated 1 hour 17 minutes ago Copper/gold miner Oz Minerals was expecting to take a final investment decision on its West Musgrave copper/nickel project, in Western Australia, by the second half of next year, pending progress on value uplift options. The ASX-listed company is considering further uplift opportunities to... 

Hillgrove raises cash for Kanmantoo

By: Esmarie Iannucci     Updated 1 hour 18 minutes ago Copper developer Hillgrove Resources will raise A$10-million in a share placement to accelerate exploration and development work at its Kanmantoo project, in South Australia. The company on Wednesday reported that it would issue some 192.3-million fully paid ordinary shares at a price of 5.2c... 

Higher output at Motheo proves positive

By: Esmarie Iannucci     Updated 1 hour 20 minutes ago Copper miner Sandfire Resources on Wednesday announced that it would advance plans to increase the size of its Motheo copper project, in Botswana, from 3.2-million tonnes a year to 5.2-million tonnes a year, after declaring a maiden ore reserve for the satellite A4 deposit, along with a... 

Salazar secures mineral title in Ecuador

By: Marleny Arnoldi     21st September 2021 Emerging miner Salazar Resources has acquired the mineral title to a 1 175 ha property on which it will base the El Potro project for $50 000. The property is based in the Loja porphyry district of Ecuador.  

Gold 5 completes Siana sale

By: Esmarie Iannucci     21st September 2021 Gold miner Red 5 has completed the divestment of its Siana gold project, in the Philippines, for $19-million in cash. The company in July this year struck an agreement with TVI Resource Development (TVIRD) to divest its interests in Philippine company Greenstone Resources Corporation (GRC),... 

QC stock leaps on 1bn-pound-plus Quebec copper resource

By: Mariaan Webb     21st September 2021 The share price of TSX-V-listed QC Copper and Gold surged 30% on Monday, as the company announced an initial resource estimate on the Opemiska project, in the Chibougamau district of Quebec. The deposit contains 81.7-million tonnes at 0.88% copper-equivalent of pit constrained measured and... 

Zambia Mines Minister takes aim at Konkola liquidation

By: Reuters     21st September 2021 Zambia's mines minister Paul Kabuswe on Monday criticised the previous administration's push to liquidate Vedanta's Konkola Copper Mines (KCM) unit, which sparked years of wrangling between the company and government. Vedanta and the Zambian government have been in a legal dispute over the mine... 

Exxaro targeting manganese, bauxite, copper as part of decarbonisation strategy 

By: Martin Creamer     20th September 2021 By investing in operating manganese, bauxite and copper assets, the new Exxaro Minerals business could represent 50% of expected coal earnings within ten years, Exxaro CEO-designate and MD Minerals Dr Nombasa Tsengwa stated on the Johannesburg Stock Exchange-listed coal company’s website on... 

Glencore is leading transition metals major, says Deutsche Bank Research 

By: Martin Creamer     20th September 2021 Glencore is the leading major mining company when it comes to its portfolio of transition metals, says Deutsche Bank Research. The bank’s research analysts afford Glencore a top 1-to-5 position in copper, cobalt, zinc and nickel – metals they describe as being central to world’s decarbonisation... 

Ecuador expects 4 major mining projects to start up by 2025

By: Reuters     20th September 2021 Ecuador expects four major mining projects to start production by the end of President Guillermo Lasso's first term in 2025, as the conservative leader seeks to diversify the economy before oil exports, the natural resources ministry said on Friday. Lasso, a former banker who took office in May,... 

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