Lundin secures a $300m debt facility to ensure Fruta del Norte’s development

Canadian project developer Lundin Gold has secured a $300-million debt facility through commitments from five senior lenders – namely ING Capital, Société Générale, Caterpillar Financial Services... 

180-plus rail employees qualify in operations management

More than 180 employees from State-owned rail transport agency Transnet Freight Rail (TFR) graduated from Glasgow Caledonian University (GCU) on Thursday with a variation of degrees and... 

Sonora feasibility study places Bacanora among the world’s top lithium suppliers

Aim- and TSX-V-listed Bacanora Minerals’ Sonora lithium project, located in Mexico’s northern Sonora state, has the potential to become a significant supplier of battery-grade lithium to growing... 

Miner dies at Harmony's Tshepong mine

Gold mining major Harmony Gold confirmed on Thursday that one of its employees was fatally injured in a fall-of-ground incident at its Tshepong mine, near Welkom, in the Free State on Tuesday... 

Red Metals, MMG Exploration ink joint venture agreement

ASX-listed minerals exploration company Red Metal has signed an option and joint venture (JV) agreement with MMG Exploration – a subsidiary of midtier global resources company MMG Limited – to... 

Syrah signs sales agreement with China-based battery manufacturer

ASX-listed graphite developer Syrah Resources has signed a binding sales agreement with China-based Zhanjiang Juxin New Energy materials for 20 000 t of natural graphite from Syrah’s... 

Berkeley closes Oman financing transaction

Following shareholder approval announced on Thursday, uranium project developer Berkeley Energia has completed a strategic investment of up to $120-million with the sovereign wealth fund of the... 

Prairie submits Esia for Poland-based Jan Karski mine

Coal developer Prairie Mining has submitted the environmental and social impact assessment (Esia) for its Poland-based Jan Karski mine to the Lublin Regional Environment Directorate for... 

Magnis receives strong interest from flake graphite buyers

Having evolved into a diversified project developer with graphite mine developer operations and ownership in the large-scale manufacture of lithium-ion batteries, ASX-listed graphite buyer and... 

European Metals reports increased indicated resource at Cinovec

Following a four-month drilling campaign, ASX- and Aim-listed European Metals has announced an additional upgrade of its Joint Ore Reserves Committee-compliant Cinovec lithium/tin project, in the... 

MRC concludes scoping study on Western Australia's Munglinup project

Following its announcement last week that it had executed a farm-in and joint venture agreement to explore for graphite in Western Australia, ASX-listed explorer Mineral Commodities (MRC) announced... 

Triton shortlists two EPC contractors to spearhead Ancuabe construction

ASX-listed graphite developer Triton Minerals has shortlisted engineering, procurement and construction management (EPCM) companies Sinosteel Equipment & Engineering and MCC International as... 

Operations at Santacruz’s Veta Grande Mill temporarily suspended

The Mexican Environmental Protection Agency (Profepa) has issued a notice temporarily suspending operations at TSX-V-listed Santacruz Silver Mining’s Veta Grande Mill until appropriate... 

Transnet Freight Rail anticipates economic uptick, aims to unlock intraregional collaboration

Despite being at the mercy of economic uncertainty, compounded by sometimes heavily fluctuating commodity prices, State-owned rail transport company Transnet Freight Rail (TFR) has identified... 

New Gold achieves first commercial production at Rainy River

TSX- and NYSE-listed intermediate gold miner New Gold has achieved first commercial production at its Ontario-based Rainy River mine, about two weeks ahead of schedule. "Achieving commercial... 

Teck concludes acquisition of Goldcorp’s 21% minority share in San Nicolas

TSX- and NYSE-listed senior gold producer Goldcorp has completed the $50-million sale of its 21% minority interest in the San Nicolas copper-zinc project, located in Zacatecas, Mexico to Canadian... 

Gold, zinc explorers spearhead reversal of five-year global exploration downturn

Boosted by increased exploration efforts in the gold and zinc sectors, the global nonferrous exploration budget is up in 2017 – for the first time since 2012 – by more than 14%, year-on-year, to... 

Sizeable limonite find exposes Horizonte to burgeoning EV market

Brazil-focused nickel development company Horizonte Minerals on Thursday reported sizeable limonite mineral resources at its Araguaia nickel project, which exposes the Aim- and TSX-listed company... 

Anglo Pacific acquires royalty interest in Brazil-based nickel/cobalt project

Dual-listed royalty company Anglo Pacific has entered into an agreement with UK-based Brazil Nickel to acquire a gross revenue royalty (GRR) interest for the development of the Piauí nickel/cobalt... 

Stratex identifies cash-saving optimisation opportunities at Crusader’s Borborema

Aim-listed gold and exploration company Stratex has completed an extensive due-diligence review into ASX-listed Crusader Resources’ Brazil-based Borborema gold project, identifying potential... 

Continental Gold invests in Colombia-based agricultural development programme

As part of its sustainability strategy, TSX-listed exploration and development company Continental Gold will contribute about $370 000 towards a programme developed to support agricultural... 

Lundin accelerates exploration at all sites into 2018

TSX-listed base metals miner Lundin Mining’s exploration efforts continue to add significant value to the company’s assets and, in light of improved market conditions, the company plans to... 

Excelsior receives operating permit for Gunnison copper project

The Arizona Department of Environmental Quality (ADEQ) has awarded triple-listed mineral exploration and development company Excelsior Mining an aquifer protection permit (APP) for its Gunnison... 

Barkerville amends ‘bought deal’ private placement

Junior mine developer Barkerville Gold Mines has amended its agreement with financial services firm Canaccord Genuity in relation to its previously announced ‘bought deal’ private placement of... 

First Quantum acquires Korean smelter’s stake in Minera Panama

TSX-listed base metals miner First Quantum Minerals has signed an agreement with LS-Nikko Copper to acquire the Korea-based smelter’s 10% ownership interest and shareholder loans in Minera Panama,... 

Canadian mining sector market value drops 7% in Q2

Canada’s mining sector saw a slow start to the second quarter of 2017, according to global advisory firm EY’s Canadian Mining Eye index, which reported that the market capitalisation of 100 TSX-... 

Kusile Unit 1 brought into full commercial operation well ahead of schedule

Unit 1 of Eskom’s Kusile power station has been brought into full commercial operation, adding 800 MW of much-needed power to help stabilise the national power grid. This means that construction... 

Horizonte’s Araguaia feasibility study due for completion in early 2018

The ongoing feasibility study for Aim- and TSX-listed Horizonte Minerals’ Brazil-based Araguaia project – the country’s next ferro-nickel mine – is progressing on schedule and is now over 60%... 

Black-empowered tool hire and sales company formed

Durban-based Majozi Brothers Construction has joined forces with tool hire and sales company Hire-It to establish a new Level 2 broad-based black economic-empowerment (BBBEE) joint venture (JV)... 

Embattled Buffalo Coal relies on seventh renegotiation with Investec

The survival of South Africa-focused coal miner Buffalo Coal depends on the outcome of the seventh amendment to the company’s term loan and revolving credit agreement with specialist banker and... 

Connemara appoints new CEO

Aim-listed Irish exploration company Connemara Mining has appointed Patrick Cullen its new CEO, effective from Monday.   Cullen boasts over 20 years of experience in the mining and exploration... 

Strong financials keep Polyus on track to meet production guidance

Following positive operational and financial progress during the first half of 2017, London- and Moscow-listed Polyus remains on track to meet its full-year production guidance of between... 

Polyus delivers solid H1 operational results

Continuing to build on its position as a low-cost gold producer with a clear growth strategy, Russia-based Polyus delivered consistent production in the half year ended June 30, achieving a 12%... 

Vista Gold sees Q2 net loss of $2.7-million

TSX- and NYSE-listed gold project developer Vista Gold Corp saw a net loss of $2.7-million, or $0.03 a share, for the three months ended June 30. This included $2.2-million of net operating... 

Mantos acquires Rio Tinto's shares in Mason Resources

Pursuant to a share purchase agreement with diversified mining major Rio Tinto subsidiary Rio Tinto Holdings, and Canadian mineral exploration and development company Turquoise Hill Resources,... 

Record production, lower costs drive significant gains for Alamos

TSX- and NYSE-listed midtier gold miner Alamos Gold made significant gains in the second quarter ended June 30, with record production and lower costs driving the highest combined free cash flow in... 

Taseko capitalises on rising copper prices, builds on 2016 success

Building on its successes from 2016 and using the first half of 2017 to capitalise on rising copper prices, TSX- and NYSE-listed Taseko Mines has, over the past nine months, generated $192-million... 

After successful Q2, Kinross on track to meet 2017 production, sales guidance

After a strong second quarter with consistent operational results, Canadian gold major Kinross Gold remains on track to meet its yearly production guidance of between 2.5-million and 2.7-million... 

Fission intersects widest mineralisation, strongest radioactivity at PLS zone

TSX-listed explorer Fission Uranium has intersected the widest mineralisation and some of the strongest radioactivity to date at its Patterson Lake South property in Canada’s Athabasca basin,... 

Osisko acquires high-quality previous metals portfolio

TSX- and NYSE-listed Osisko Gold Royalties has acquired a high-quality precious metals portfolio of assets comprising 74 royalties, streams and precious metal offtakes from Orion Mine Finance...