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CAPITAL RAISING

Thudelarra raises cash for exploration Restricted

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Minerals explorer Thundelarra would raise some A$7.5-million through a share placement to institutional, professional and sophisticated investors, the ASX-listed junior said on Thursday. The company would issue more than 39.4-million shares, at...
24th July 2014
 
 
COPPER

Straits sets copper output records in 2014 Restricted

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Copper miner Straits Resources reported record production of 26 422 t during the year ended June 30. The Tritton copper mine, in New South Wales, exceeded its production expectations of 26 000 t for the full year, Straits said on Thursday.
24th July 2014
 
 
URANIUM

Paladin refinances Namibia mine as it wraps up minority sale Restricted

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Uranium miner Paladin Energy has finalised the sale of a minority interest in its Langer Heinrich operation, in Namibia, and is now using the money to refinance the project’s finance facility. Paladin has sold a 25% stake in the uranium project...
24th July 2014
 
 
HITECH MINING

Resources Watch Video Available Restricted

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Aviation high technology is flying into the South African mining space. South African Institute of Mining and Metallurgy says the mining industry needs a quantum change. And, the State considers Eskom’s ‘comprehensive sustainability plan’.
24th July 2014
 
 
MANGANESE

BHP Billiton, Anglo American seek to sell joint manganese assets – WSJ Restricted

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BHP Billiton Plc and Anglo American Plc are looking to sell their jointly owned manganese assets portfolio in South Africa and Australia, the Wall Street Journal reported, citing people familiar with the matter. The newspaper said the assets...
24th July 2014
 
 
RING OF FIRE

Noront appeals Ontario Mining Recorder ruling Restricted

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KWG's staked claims for a proposed railway corridor. Noront Resources, the proponent of what could possibly be one of the first projects to get off the ground in Ontario’s prospective Ring of Fire mining district, has launched an appeal to the province’s Mining and Lands Commissioner to set...
24th July 2014
 
 
MURIATE OF POTASH

Mosaic to halt muriate of potash output in New Mexico Restricted

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US fertiliser producer Mosaic said on Wednesday that it would permanently halt production of muriate of potash at its Carlsbad, New Mexico mine due to the quality of ore and age of the facility. The Minnesota-based company said in a regulatory...
24th July 2014
 
 
GOLD BULLION

US gold ETF delivers first physical bullion coins; holdings grow Restricted

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Merk Gold Trust, a bullion-backed exchange-traded fund which allows its shares to be redeemed for physical gold, said on Wednesday it has made its first delivery in dozens of US gold coins to an investor. The exchange-traded fund (ETF), launched...
24th July 2014
 
 
WORKER INACTION

Colombian coal mine mechanics to continue talks Weds to end strike Restricted

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Talks between mechanics at Colombia's largest coal mines, contractor Dimantec and the labour ministry will continue on Wednesday in an effort to end a 13-day strike, a union leader said. The meeting is set to begin at 10:00 am (15:00 GMT) in the...
24th July 2014
 
 
IRON-ORE/COAL

Beleaguered Cliffs posts Q2 loss, beats expectations Restricted

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US iron-ore and coal producer Cliffs Natural Resources, which is locked in a proxy fight with an activist shareholder for control of the board, on Wednesday reported a net loss for the three months ended June 30, as lower iron-ore and...
24th July 2014
 
 
 
 
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