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Australian top 10 gold producer Ramelius Resources is seeking greater scale for its Rebecca exploration project in WA under an agreed all-scrip off-market takeover offer for explorer Breaker Resources.
Breaker’s 100%-owned Lake Roe gold project, holding mineral resources of 1.7Moz, is 100km E of Kalgoorlie and close to the 1.035Moz Rebecca project.
The Ramelius offer of 1-for-2.82 Breaker shares represents an...
Local authorities in the Central African Republic are investigating a March 19 dawn attack on a newly opened Chinese-owned gold mine near the town of Bambari in which at least nine people were killed and two more injured.
The mayor of Bambari, Abel Matchipata, confirmed the dead and wounded were all Chinese nationals, Agence France Press reports.
The gunmen reportedly overpowered the mine’s security guards before opening fire on the...
Australian gold producer Evolution Mining has begun underground production three months ahead of schedule at its Cowal mine, keeping it on the pathway to lifting the NSW mine’s production from its forecast 275,000oz in the year to June 2023 to about 320,000oz in FY24.
CEO-MD Lawrie Conway says achieving the mining of the first underground stope ahead of schedule and within its $A380M budget in an inflationary market it a credit to the project team....
South Australian explorer Magnetite Mines is eyeing a 45-year mine life producing 5Mtpa at its 100%-owned Razorback project after updating its JORC-compliant probable ore reserves to 1.6Bt.
CEO Tim Dobson says Magnetite is completing mining studies on the high-grade Iron Peak deposit that will lead to more reserves growth.
The estimate by AMC Consultants assumes openpit, truck and shovel, drill and blast mining to feed the process...
The Chilalo graphite project in Tanzania has been confirmed as a high-margin, low-capex development opportunity through front-end engineering and design and an updated DFS for 100% owner Evolution Energy Minerals.
MD Phil Hoskins says Evolution has a compelling case for financing the development-ready project after receiving multiple expressions of interest from potential financiers.
The studies outline $US120M capital cost for a...
LME ($US) 3-month closing prices, Mar 19 –
Copper 8,612.00
Aluminium 2,276.35
Zinc 2,933.00
Nickel 23,580.00
Lead 2,089.00
Tin 22,700.00
NASDAQ ($US) closing prices, Mar 17 –
Palladium 1,386.10
Platinum 980.90
Copper 3.8925
Silver 22.462
Gold 1,990.20
NYMEX ($US) 62% Fe CFR China, market close, Mar 17 –
Iron ore 130.00
Holidays –
Mar 20: Azerbaijan, Kyrgyzstan, Tajikistan, Uzbekistan (Persian New Year)
Mar 20: Colombia (Saint Joseph’s Day)
Mar 20: Iran (Oil Nationalisation Day)
Mar 20: Mexico (Benito Juarez’s Birthday Memorial)
Mar 20: Tunisia (Independence Day)
Mar 21: Japan (Spring Equinox)
Mar 21: Namibia (Independence Day)
Mar 21: South Africa (Human Rights Day)
Mar 21: Syria (Mothers Day)
Mar 21-23: Observing Countries (Nowruz/Persian New Year...
Canadian miner Minto Metals is exploring alternative logistical solutions after redevelopment work and the value of tourist dollars have cut its access to Skagway port for shipping copper-gold concentrate produced by its Minto mine in the Yukon.
Minto mine production has been trucked across the US border to the Alaskan port since 2008. With a major redevelopment under way, the local authorities have closed the ore terminal while...
The death toll from a series of subterranean methane gas explosions in a network of coal mining tunnels in Colombia has risen to 21, with rescue teams continuing to search for more victims.
The explosions in a rural area about 75km N of Bogota late on March 14 spread through several adjoining mines and their ventilation systems, Reuters reports.
The prospect of a lengthy shutdown of its Century zinc mine due to intense rainstorms has forced Australian miner New Century Resources to turn to its now-controlling shareholder Sibanye-Stillwater for up to $A30M in short-term support.
The hydraulic mining operation at Lawn Hill in NW Qld has been confined to essential safety and maintenance activities for over a week due to site conditions and blocked access roads....