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Lepidico's Namibian project proves positive

By: Esmarie Iannucci     28th May 2020 A definitive feasibility study (DFS) by ASX-listed Lepidico into an integrated mine, concentrator and chemicals plant has proven the economics of the Phase 1 development of its Karibib lithium asset, in Namibia. The Phase 1 study is based on a modest-scale commercial plant processing a lithium... 

New Century takes aim at Vale Goro nickel/cobalt mine

By: Esmarie Iannucci     26th May 2020 Base metals miner New Century Resources has struck an exclusivity agreement with major Vale to negotiate the purchase of a 95% interest in the issued shares of Vale Nouvelle-Caledonie (VNC), which owns the Goro nickel and cobalt mine, in New Caledonia. Vale said on Tuesday that the negotiations... 

Long-duration clean energy storage ideal for mining microgrids

By: Creamer Media Reporter      23rd May 2020 Reliable, cost-effective energy supply 24x7 is an essential resource for successful mining operations, whether grid-connected or off-grid.  In Africa, reliability of utility-sourced electricity is becoming more and more of a challenge, while off-grid diesel generation and the cost and logistics... 

Technology Metals flags possible JV at Gabanintha

By: Esmarie Iannucci     20th May 2020 ASX-listed Technology Metals has inked a memorandum of understanding (MoU) with China’s Big Pawer Electrical Technology Xiangyang Inc over a possible joint venture (JV) to produce vanadium electrolyte and vanadium redox flow battery (VRFB) manufacturing in Australia. The MoU establishes a... 

Sprott backs C$15m Pure Gold investment

By: Mariaan Webb     20th May 2020 Dual-listed Pure Gold, which will pour first gold in Red Lake, Ontario this year, is raising C$15-million for exploration, the company announced on Wednesday. Pure Gold will issue 9 868 421 charity flow through common shares at C$1.52 a share. Canadian investor Eric Sprott, who is a strong... 

DRDGold declares cash dividend 

By: Martin Creamer     15th May 2020 The board of DRDGold has declared a cash dividend of 25 c a share for the quarter ended March 31, the surface gold mining company said on Friday. The Johannesburg- and New York-listed DRDGold, headed by CEO Niël Pretorius, said in a stock exchange news service (SENS) announcement that the... 

Carmakers urged to invest in mines to avoid battery metal pinch

By: Bloomberg     11th May 2020 Mine developers scrambling to fund projects to meet forecast demand for battery metals see the threat of looming supply crunches as a trigger for electric-vehicle makers to step in with investments. An already tough environment to raise project finance for the mines is being made worse by the... 

Kirkland Lake begins recalling workers but expects Covid-19 impact for rest of year

By: Donna Slater     7th May 2020 Dual-listed Kirkland Lake has begun recalling its workers who were off as part of its Covid-19 protocols at the Detour Lake and Macassa mines, in Canada’s Ontario, while the Holt Complex remains suspended with no timeline being contemplated for reopening. The company transitioned the Detour Lake... 

DRDGold earnings up for quarter, R213m dividend paid  

By: Martin Creamer     7th May 2020 Surface gold mining company DRDGold on Thursday reported an 18% quarter-on-quarter increase in adjusted earnings to R389.3-million for the three months to March 31. The increase reflects a 13% increase in the average rand gold price received to R785 581/kg, the Johannesburg- and New York-listed... 

EPCM’s early delivery improves client cashflow

7th May 2020 Multidisciplinary process engineering company Metallurgical Engineering Technology & Construction (METC) understands that delivering working projects ahead of schedule, enables higher net present value and better internal rate of return. METC’s team members have designed andbuilt more than 75... 

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