GOLD 1286.43 $/ozChange: 3.06
PLATINUM 1405.50 $/ozChange: 2.50
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GOLD

Resolute production falls as Tanzania mine closes Restricted

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Gold miner Resolute Mining has reported a significant decline in quarterly production as its Golden Pride operation, in Tanzania, was placed on care-and-maintenance. During the three months to March, Resolute produced 77 976 oz of gold, which was...
23rd April 2014
 
 
METALS

Tin struggles to keep up - Metals X Restricted

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ASX-listed Metals X has reported a solid quarter at its gold operations, but said on Wednesday that its tin operations had underperformed, owing to lower head grades. During the three months to March, Metals X produced 48 349 oz of gold, which...
23rd April 2014
 
 
RARE EARTHS

Lynas’ Malaysia plant wins another court battle Restricted

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Rare earths producer Lynas has faced down another bid to halt the progress of its advanced materials plant (Lamp) in Malaysia. The miner this week reported that the Malaysian Federal Court had dismissed, with costs, an appeal by the Save Malaysia...
23rd April 2014
 
 
MINING FINANCE

Troy secures A$100m funding for Karouni Restricted

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Dual-listed gold miner Troy Resources on Wednesday announced that it had secured a A$100-million revolving corporeate facility to progress its Karouni project, in Guyana. The facility with Investec Bank would have a three-year term with...
23rd April 2014
 
 
NICKEL

Mirabela given some leeway Restricted

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Struggling nickel miner Mirabela Nickel has been thrown a life-line by the ad-hoc committee of holders of more than 65% of the company’s $395-million unsecured notes, due in April 2018. The consortium of holders had previously agreed to a...
23rd April 2014
 
 
EXPLORATION

Thor flags more cost reduction at Molyhil Restricted

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ASX-listed junior Thor Mining has reported yet another cost reduction at its planned Molyhil tungsten project, in the Northern Territory. The metals developer reported a 13% reduction in the expected operating costs at Molyhil to around A$78/t,...
23rd April 2014
 
 
GOLD

Newcrest output down 11% on maintenance Restricted

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Gold major Newcrest Mining has reported an 11% drop in production for the three months to March, but assured shareholders that it was on track to deliver on its full-year expectations. During the quarter under review, gold production declined to...
23rd April 2014
 
 
IRON-ORE

BHP cuts ribbon at Jimblebar Restricted

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Mining major BHP Billiton on Wednesday officially opened its Jimblebar iron-ore mine, in the Pilbara. The mine produced its first ore in the September quarter of last year, and was expected to deliver its phase-one capacity of 35-million tonnes a...
23rd April 2014
 
 
LEGISLATIVE ENVIRONMENT

Goa to frame new mining policy after lifting of mining ban Restricted

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Close on the heels of the India’s Supreme Court lifting a ban on mining in Goa, the provincial government is working on a new mining policy to be ready by June, and aims to get operations back on the rails by September. The new mining policy...
23rd April 2014
 
 
NEW REPORT AVAILABLE

Creamer Media publishes Steel 2014 research report Restricted

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Creamer Media’s Steel 2014 report provides an overview of the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
23rd April 2014
 
 
 
 
 
 
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