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Mosaic sells mining claims to Iamgold

By: Creamer Media Reporter      21st September 2021 Toronto- and New York-listed Iamgold has bought four mining claims, formerly part of the Opawica property in the Chibougamau mining camp of Quebec, from explorer and developer Mosaic Minerals. According to Mosaic, Iamgold acquired the claims for a total of C$150 000. Mosaic retained a 0.5% net... 

Ionic sees potential for scandium market growth

By: Marleny Arnoldi     21st September 2021 ASX-listed Ionic Rare Earths expects the potential for growth in scandium demand to be immense, and is positioning its Makuutu rare earths project, in Uganda, to cater to this demand. Since announcing in January that it will be producing scandium as a co-product, Ionic has increased the contained... 

Exxaro’s Cennergi to decarbonise group’s own coal mines plus mining industry   

By: Martin Creamer     21st September 2021 Cennergi, the wholly owned renewable energy arm of coal mining company Exxaro and South Africa’s second-largest renewable energy company, is being deployed to decarbonise the Johannesburg Stock Exchange-listed company’s own coal mines. In addition, Exxaro, through Cennergi, is in discussion with... 

Great Panther adds $25m to working capital

By: Simone Liedtke     21st September 2021 TSX- and NYSE-listed Great Panther Mining has entered into a $20-million gold doré prepayment agreement with Asahi Refining Canada, a wholly owned subsidiary of Asahi Holdings, as well as a $5-million lead concentrate prepayment agreement with Samsung UK. The new credit facilities contribute an... 

Top US energy official sees 'unusual partnerships' for nuclear

By: Bloomberg     21st September 2021 The Biden administration’s top energy official said the nuclear industry should broaden its business case beyond power markets in order to ensure its place in a carbon-free economy. US nuclear energy has come under relentless pressure in recent years from cheap natural gas, solar and wind power.... 

South Deep gold mine to trial battery electric vehicle next year – Gold Fields 

By: Martin Creamer     21st September 2021 Gold mining company Gold Fields has reached agreement with global engineering group Sandvik to trial a battery electric vehicle (BEV) underground loader at its South Deep gold mine, with the project starting towards the back end of next year, Gold Fields EVP for South Africa Martin Preece said on... 

New Hope reports profits for 2021

By: Esmarie Iannucci     21st September 2021 Coal miner New Hope Corporation has swung back into the black, with the miner reporting a net profit after tax of A$79-million for the 2021 financial year, compared with a loss of A$157-million in 2020. While total saleable production for the full year was down 15% on the 2020 figures, to... 

Okvau ramps up to full production

By: Esmarie Iannucci     21st September 2021 Operations at the Okvau gold mine, in Cambodia, are now ramping up to full production, ASX-listed Emerald Resources said, following the completion of the gold plant. Gold production since commissioning of oxide ore in June 2021 is an estimated 19 000 oz with some 23 000 oz expected to the end of... 

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... 

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