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Ausenco on board for Grassy Mountain feasibility study

By: Creamer Media Reporter      25th June 2019 Engineering, construction and project management firm Ausenco has agreed to complete a feasibility study for US-based Paramount Gold Nevada’s proposed Grassy Mountain gold mine, in exchange for shares in the NYSE American-listed company. Ausenco, together with several other consulting groups,... 

Galantas shifting up a gear at Omagh

By: Creamer Media Reporter      25th June 2019 Listed gold developer Galantas Gold has accelerated mine development at its Omagh mine, in Northern Ireland, with good progress on the main decline tunnel and increased concentrate production. The company reported on Tuesday that the main decline tunnel had reached the fourth (1 060 m) level and... 

Rio Tinto renews work on giant Guinea iron-ore deposit

By: Bloomberg     20th June 2019 Rio Tinto Group is looking at new ways to develop the giant Simandou iron-ore deposit in Guinea that it almost sold last year, according to people familiar with the matter. Simandou is one of the world’s biggest untapped mineral deposits, but has a controversial past. For more than a decade, it... 

Minergy appoints CEO-designate 

By: Martin Creamer     20th June 2019 The Botswana Stock Exchange-listed Minergy on Thursday announced that its CFO Morne du Plessis had been appointed CEO-designate and would take over the reins of the coal mining and coal trading company on August 1. This follows last month’s announcement that current Minergy CEO Andre Bojé, 63,... 

MACA supports Blackham expansion plans

By: Esmarie Iannucci     20th June 2019 Integrated service contractor MACA will provide gold miner Blackham Resources with a A$12-million working capital facility to progress its transition to the Stage 1 expansion sulphide development at its Western Australian operations. Under the agreement, MACA will provide Blackham with working... 

Ignored by big banks, smaller gold miners are paying more to expand

By: Bloomberg     20th June 2019 The cost of money is rising for small and mid-sized gold miners. Newmont Goldcorp and Barrick Gold, the biggest producers, have grown even bigger by buying up peers, shaping themselves as strong candidates for commercial bank lending. Meanwhile, smaller companies struggling to meet deadlines and... 

W keeping capital costs of Régua project low

By: Creamer Media Reporter      19th June 2019 Aim-listed tungsten, tin and gold mining company W Resources has signed a contract with Francisco Pereira Marinho and Irmaos (FPMI) to provide haulage and crushing services to its Régua tungsten mine, in northern Portugal. The company said that ore from Régua would be hauled 27 km to the... 

Kamoa-Kakula development progressing well

By: Tasneem Bulbulia     18th June 2019 TSX-listed Ivanhoe Mines says it is making “excellent progress” on the construction of the Stage 1 six-million-tonne-a-year Kamoa-Kakula copper mine, in the Democratic Republic of the Congo (DRC). After China-based Citic Metal agreed to invest an additional $459-million in Ivanhoe, the pace of... 

European lithium projects gain attention amid push toward EVs

By: Reuters     14th June 2019 European lithium projects are making a fresh push for capital, eager to supply the white metal to a burgeoning network of battery manufacturers and electric vehicle makers across the continent, the world's second-largest EV market after China. A regional EV supply chain would help achieve... 

Atha-Africa secures last approval for Yzermyn mine

By: Tasneem Bulbulia     11th June 2019 The Gert Sibande District Municipal Planning Tribunal has approved Atha-Africa Ventures’ application for a land use change to allow for the construction of the Yzermyn underground coal mine. “Atha-Africa is extremely pleased with the decision, as this particular authorisation was the last... 

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