R/€ = 20.19 Change: -0.20
R/$ = 18.48 Change: -0.25
Au 1593.80 $/oz Change: -2.90
Pt 721.50 $/oz Change: 0.06


Lotus sets exploration target for Kayelekera

By: Esmarie Iannucci     Updated 4 hours ago ASX-listed Lotus Resources has added fuel to the Kayelekera fire, announcing an exploration target of between 6-million to 22-million tonnes, containing between 7-million and 14-million pounds of uranium oxide (U3O8). The exploration target followed on from an exploration review, which... 

Transnet scales back to only essential services, operations

By: Simone Liedtke     27th March 2020 In line with government’s implementation of a three-week lockdown of the country to reduce the spread of the Covid-19 virus, State-owned entity Transnet will be scaling down its transportation services and operations of non-essential cargo during this period. After consultation with various... 

Orex and Pan American Silver form JV to develop Mexico project

By: Tasneem Bulbulia     27th March 2020 Canada-based junior exploration company Orex Minerals has entered into an agreement to form a joint venture (JV) with TSX-listed Pan American Silver, through its subsidiary Plata Panamericana (Pan American), to further explore and develop the Sandra project, formerly the Sandra-Escobar project,... 

Cardinal expands Namindi footprint in Ghana

By: Esmarie Iannucci     26th March 2020 Dual listed Cardinal resources has increased the mining license area of its Namindi gold project, in Ghana, more than three fold. The ASX- and TSX-listed company on Thursday reported that the mining license for Namindi had increased from an area of 19 km2 to 63 km2, with the license stretching... 

AMCU reports fatalities at AngloGold, Sibanye mines  

By: Marleny Arnoldi     20th March 2020 The Association of Mineworkers and Construction Union (AMCU) reported on Friday afternoon that it had learnt of fatalities at AngloGold Ashanti’s Mponeng mine, in Gauteng, and Sibanye-Stillwater’s Thembelani shaft, in the North West. The union said in a statement that the AngloGold incident... 

Australian exports going strong, Covid-19 impact still looming

By: Esmarie Iannucci     18th March 2020 New data from the Office of the Chief Economist has shown that Australia’s resource and energy export earnings are forecast to set a record of A$299-billion in 2019-20, an increase of A$18-billion from 2018-19, while the effects of the COVID-19 virus would likely be felt by the resources sector... 

World’s biggest precious metal industry readies for coronavirus 

By: Bloomberg     17th March 2020 Platinum and gold mines in South Africa, which together make up the world’s biggest precious metals industry, are gearing up to try and minimise a local outbreak of the coronavirus that could disrupt operations where hundreds of thousands of people work in close proximity. Companies including... 

Ivanhoe reports ‘excellent progress’ at Kamoa-Kakula

By: Simone Liedtke     9th March 2020 Development of TSX-listed Ivanhoe Mines’ Kakula mine, the first of multiple planned mining areas at Kamoa-Kakula, in the Democratic Republic of the Congo (DRC), is said to be making “excellent progress”, with civil works advancing rapidly and initial copper concentrate production from the mine on... 

Alrosa considers going underground at Jubilee

By: Tasneem Bulbulia     2nd March 2020 Russian miner Alrosa’s investment committee has approved financing for preliminary engineering studies at the Jubilee diamond mine, to provide up-to-date information to decide on the construction of an underground mine. The Jubilee pipe forms part of the Aikhal division and is currently being... 

Vanadium One Iron outlines plan for high-grade Quebec iron project

By: Mariaan Webb     28th February 2020 The recently completed preliminary economic assessment (PEA) for the Mont Sorcier iron and vanadium project is supporting TSX-V-listed Vanadium One Iron Corp’s vision for a mine near Chibougamau, Quebec. Announcing the results of the PEA on Thursday, the company said that the study outlined a... 

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