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Acacia fails to change Barrick’s view on mine plans 

By: Mariaan Webb     26th June 2019 London-listed Acacia Mining’s near-5 000-word rebuttal of claims by its parent company over mine plans for its gold operations in Tanzania has failed to change Barrick Gold’s view. The Toronto-headquartered miner, which is trying to buy out minority shareholders in Acacia without paying a... 

Exxaro says Eskom woes to hit coal production

By: Reuters     26th June 2019 Exxaro Resources expects its coal production to fall by 5% by volume in the first half of 2019, mainly due to reduced demand from struggling state-owned power utility Eskom, it said on Wednesday. It added it expects domestic coal demand and pricing to remain stable for the remainder of the year,... 

Northam Breathes New Life Into Eland

26th June 2019 Thumbs-up for Kukama project Northam is pleased to advise its shareholders that mining operations at the Kukama shaft situated at its Eland mine complex will recommence in the new financial year (F2020). 

Shareholders approve Woodlark consolidation

By: Esmarie Iannucci     26th June 2019 ASX-listed Geopacific Resources will consolidate its holding in the Woodlark gold project, in Papua New Guinea, after receiving approval to acquire partner Kula Gold’s stake in the project. Geopacific in March this year announced plans to gain full ownership of Woodlark by issuing Kula... 

Millennium produces first sulphide gold

By: Esmarie Iannucci     26th June 2019 Gold miner Millennium Minerals on Wednesday reported that the Stage 1 sulphide plant expansion at its Nullagine gold project, in Western Australia, has delivered its first gold. CEO Peter Cash told shareholders that all early results from the sulphide circuit had been very positive, indicating... 

IronRidge strengthens confidence in Ewoyaa as a spodumene-dominant deposit

By: Marleny Arnoldi     25th June 2019 Aim-listed IronRidge Resources has concluded additional X-ray diffraction (XRD) analysis of metallurgical composites from its Ewoyaa project surrounds, in Ghana, which reaffirmed spodumene as the dominant lithium mineral phase within the Cape Coast lithium portfolio. IronRidge said that, with... 

Century expansion options outlined

By: Esmarie Iannucci     25th June 2019 An expansion study at the Century zinc mine, in Queensland, has highlighted the potential for a mine life extension through to mid-2026, ASX-listed New Century Resources has reported. New Century is currently undertaking a tailings operation at the mine, which started in August last year, and is... 

MOD backs improved A$167m offer from Sandfire

By: Esmarie Iannucci     25th June 2019 Copper miner Sandfire Resources has made an improved A$167-million takeover offer for Africa-focused copper developer MOD Resources. Under the offer agreement, each MOD shareholder could elect to receive either 45c in cash for each of their shares, capped at A$41.6-million or 25% of the overall... 

Rio and ArcelorMittal tell different sides of iron-ore story

By: Bloomberg     21st June 2019 In the world of metals and mining, sometimes it’s better to sell the raw product rather than the finished one. This seems to be a lesson for investors who chose to hold shares in ArcelorMittal rather than Rio Tinto Group this year. Despite nagging trade tensions and fears about global growth,... 

Azure’s Mexico project receives all regulatory approvals

By: Simone Liedtke     21st June 2019 ASX-listed Azure Minerals has received all regulatory approvals necessary for its planned mining operation at Oposura, Mexico, including openpit and underground mining permits, environmental clearances, explosives permits and surface land-use agreements. The fully-funded zinc/lead/silver project... 

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