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URANIUM

ERA reports slight increase in Ranger 3 Deeps resource

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Uranium miner Energy Resources of Australia (ERA) has reported a slight increase in resources for its Ranger 3 Deeps mine, in the Northern Territory. The miner said on Wednesday that with some 95% of the revised underground drilling programme...
17th September 2014
 
 
OIL & GAS

India’s ONGC starts JV talks with Mexican Pemex

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The overseas exploration arm of Indian major ONGC Limited, ONGC Videsh Limited (OVL), has started negotiations with Petroleos Mexicanos (Pemex), Mexico’s national oil company for a stake in oil and gas assets in central and Latin America....
17th September 2014
 
 
GOLD

Osisko Gold Royalties secures C$100-million credit facility

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Gold-focused royalty and stream company Osisko Gold Royalties has entered into an agreement with the National Bank of Canada for a C$100-million revolving credit facility to be used for investments in the minerals industry. This would include the...
17th September 2014
 
 
COAL

China low-quality coal ban won’t place Oz exporters at disadvantage

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The Minerals Council of Australia (MCA) on Wednesday urged the resources sector not to overreact to China’s recently announced low-quality coal ban. China’s National Development Reform Commission has instituted a ban on burning coal with an...
17th September 2014
 
 
DIAMONDS

Kennady Diamonds to raise C$5m

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TSX-V-listed Kennady Diamonds is arranging a nonbrokered private placement to raise about C$5-million to fund its expanded 2014 summer/fall exploration programme. The funds would be raised through the issuance of common shares at a price of C$6.50...
17th September 2014
 
 
GOLD

Former Barrick Gold CEO Sokalsky to head junior explorer

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Jamie Sokalsky Former Barrick Gold CEO Jamie Sokalsky has been appointed director and chairperson designate of TSX-V-listed Probe Mines. He would join the board immediately, but would only take up the position of chairperson when current chairperson Patrick Reid...
17th September 2014
 
 
POTASH PEOPLE

Canada's small fertilizer companies shuffle ranks, search for capital

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Capital-strapped small fertiliser companies in Canada are shuffling their senior executive ranks to draw investors in a period of weak prices. Stonegate Agricom, which is developing a phosphate mine in Idaho, said on Tuesday that CEO Mark...
17th September 2014
 
 
PRECIOUS METALS STREAMING

Market doldrums support ‘good times for streaming firms’ – Smallwood

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Silver Wheaton president and CEO Randy Smallwood The current sideways-to-down market was providing good opportunities for the handful of precious metals streaming firms, who were consistently turning a profit – albeit at lower margins – despite the continued doggedly low commodity price...
17th September 2014
 
 
M&A

Global mining M&A rebounds, but Canada takes the cake

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Canadian Malartic gold mine, Quebec The three months ended June 30 saw global mergers and acquisitions (M&A) activity rebound from disappointing lows in the first quarter, but Canada was host to the most significant gold deals by a large margin, professional services firm KPMG...
17th September 2014
 
 
GOLD

Randgold says AngloGold stake in Kibali mine too pricey

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Randgold Resources, a joint-venture (JV) partner in AngloGold Ashanti's Kibali mine in the Democratic Republic of Congo, believes the stake it does not own is too costly at current prices, its chief executive said on Tuesday. CEO Mark Bristow...
16th September 2014
 
 
 
 
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