R/€ = 17.09 Change: 0.15
R/$ = 15.14 Change: 0.11
Au 1846.55 $/oz Change: 7.74
Pt 1055.50 $/oz Change: 35.50

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Resources Watch  

Updated 1 hour 27 minutes ago This week: Early income bonanza for funded Witwatersrand gold mining reviver; Hillside Aluminium could get green lifeline by 2030; And, Early copper/zinc production investigations under way at Orion’s Prieska 

Environmental groups sue to undo 2017 PolyMet mine deal in Minnesota

By: Reuters     Updated 6 hours ago Environmentalists sued the US Forest Service on Tuesday in an attempt to reverse a 2017 land transfer that gave PolyMet Mining more than 2 670 ha needed to build an open pit copper and gold mine in northern Minnesota. The suit, led by the Center for Biological Diversity (CBD), claims the project... 

Agreement inked to develop hydrogen recycling of end-of-life wind turbine magnets

By: Donna Slater     25th January 2022 Magnet metal and rare earths miner Pensana has signed a cooperation agreement with oil, gas and wind power company Equinor, forming a working group to share technical and commercial information to develop a low-energy method for recycling end-of-life magnets at Pensana’s rare earths hub in the... 

Drilling programme shows potential for large resource at Aton’s Rodruin

By: Tasneem Bulbulia     25th January 2022 TSX-V-listed Aton Resources has recorded first assay results from the Phase 2 diamond drilling programme at its Rodruin gold exploration project. Interim CEO Tonno Vahk says these results clearly indicate the potential for a large openpittable oxide gold resource at Rodruin, with the... 

Mantashe: SA must oppose 'investment killing' foreign-funded lobby

By: News24Wire      25th January 2022 South Africa must oppose a foreign-funded anti-development agenda if it has any chance at growing its extractive industries for the benefit of the economy, Mineral Resources and Energy Minister Gwede Mantashe has said. Speaking at the North West provincial mining and energy investment conference... 

Galantas takes $1m loan to get Omagh over finish line

By: Mariaan Webb     25th January 2022 TSX-V-listed Galantas Gold has entered into a loan agreement for $1.06-million with Ocean Partners to continue development of the Omagh gold project, in Northern Ireland. Thanking Ocean Partners for their support, Galantas CEO Mario Stifano stated that the mine would enter production by the end... 

Ero Copper to raise $400m for debt repayment, mine capex

By: Mariaan Webb     25th January 2022 Vancouver-headquartered Ero Copper on Monday announced an offering of $400-million of senior notes to restructure its debt and for capital expenditure (capex) related to a planned new mine in Brazil. The company would use the proceeds from the offering, together with cash on hand, to repay the... 

Rio Tinto CEO concerned about Serbian PM's comments on lithium project

By: Reuters     25th January 2022 Rio Tinto's chief executive said on Tuesday he was concerned about the Serbian prime minister's comments against the company's lithium project, in his first remarks after Belgrade revoked the global mining company's exploration licences. Bowing to environmentalists, Serbian Prime Minister Ana... 

Sayona adds to Canadian footprint

By: Esmarie Iannucci     25th January 2022 Lithium developer Sayona Mining has acquired 121 new claims west of the Moblan lithium project, significantly expanding the footprint of its Northern Québec lithium hub. Located 3.5km west of the Moblan project, the new claims, known as the Lac Albert project, span 6 592 ha and will be... 

Agrimin inks another offtake for Mackay

By: Esmarie Iannucci     25th January 2022 ASX-listed Agrimin has inked a binding offtake agreement with global fertiliser trader Nitron for the supply of 115 000 t/y of sulphate of potash (SoP) produced from the Mackay project, in Western Australia. The SoP will be distributed in Latin America, Mexico, the Caribbean and Africa under the... 

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