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RING OF FIRE

Ontario creates Ring of Fire Infrastructure Development Corporation

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Minister of Northern Development and Mines Michael Gravelle The Ontario government on Thursday announced that it had established the Ring of Fire (RoF) Infrastructure Development Corporation, first mooted in November last year. The provincial government said that the not-for-profit corporation’s...
28th August 2014
 
 
LISTING REINSTATED

Besra’s ASX listing reinstated

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Vietnam-focused gold miner Besra’s listing on the ASX has resumed trading on Thursday after the company paid its yearly listing dues. TSX-listed Besra missed the Friday deadline to pay its listing fees, resulting in its stock being immediately...
28th August 2014
 
 
DIAMONDS

Junior explorers partner to look for precious gems in NT district

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Two TSX-V-listed diamond explorers on Thursday said that they had formed a partnership to together look for diamonds in a promising area of the Northwest Territories. Canterra Minerals – which had been involved in the discovery of two of...
28th August 2014
 
 
URANIUM

Paladin Energy narrows full-year loss despite lower prices

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Australian uranium producer Paladin Energy on Thursday reported a 20% narrower net loss of $338.4-million, or $0.34 a share, for the financial year ended June 30, as sliding uranium prices impacted revenues. The Perth, Australia-based company...
28th August 2014
 
 
FERTILISER

DuSolo gets operational licence for part of Bomfim project, Brazil

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Brazil-focused DuSolo Fertilizers has received an operating licence for a part of its Bomfim project, in Brazil, allowing it to extract phosphate at the Santiago target. The TSX-V-listed project developer on Thursday said that Naturatins, or the...
28th August 2014
 
 
MINE FATALITY

Aura Minerals reports mine fatality

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Canadian midtier gold and copper producer aura Minerals on Thursday reported that a miner died in an accident at its Aranzazu mine, in Zacatecas, Mexico. TSX-listed Aura said that the miner, which was employed by Aranzazu, was on Thursday fatally...
28th August 2014
 
 
FINANCIAL PERFORMANCE

Bisichi H1 earnings fall as S Africa operations struggle

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Aim-listed Bisichi Mining on Thursday posted a decline in earnings for the six months ended June 30, as its South African operations faced several obstacles. However, the company aimed to bounce back during the second half of the year after...
28th August 2014
 
 
PLATINUM

Strike-hit Implats defers production target, reviews capex, ups new technology plans Video Available

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Terence Goodlace and Martin Creamer Strike-impacted platinum-mining company Impala Platinum (Implats) has deferred its 850 000 oz Rustenburg production target, is reviewing its capital expenditure (capex) programme intensively and is going all out to ramp up its post-strike restart...
28th August 2014
 
 
COAL

Draft scoping report for Delmas Coal extension, upgrades to be published for public comment

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The draft scoping report for the proposed extension of the underground mining area of Kuyasa Mining subsidiary Delmas Coal’s mine, in Mpumalanga, as well as the rehabilitation of the mine’s coal discard disposal facility and the upgrading of...
28th August 2014
 
 
COPPER

Botswana blocks copper trucks from Congo on Ebola fears – Times of Zambia

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More than 100 trucks hauling copper from the Democratic Republic of Congo (DRC) have been denied entry into Botswana over fears of an Ebola outbreak in Congo, leaving the trucks stranded at a border crossing, local media reported on Thursday. The...
28th August 2014
 
 
 
 
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