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URANIUM

PEA reveals positive return on investment for Arizona uranium project Restricted

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US-based uranium miner and explorer Uranium Energy Corporation on Tuesday reported that a preliminary economic assessment (PEA) report on its Anderson project, in Arizona, had revealed a positive return on investment, with an internal rate of...
17th September 2014
 
 
DIAMONDS

Rough carat production well below 2005 level as demand soars – De Beers Restricted

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De Beers CEO Philippe Mellier Global 2013 rough diamond carat production was still well below the 2005 peak of 175-million carats, at a time when global diamond jewellery demand had reached record highs, De Beers said on Wednesday. Releasing its inaugural Diamond Insight...
17th September 2014
 
 
EXPLORATION

Focus and Cobre ink JV agreement in WA Restricted

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ASX-listed juniors Focus Minerals and Cobre Montana have executed a joint venture (JV) over the Coolgardie project, in Western Australia, to hunt for rare metals. The Coolgardie tenement covers 20 prospecting licences and two mining leases, and...
17th September 2014
 
 
CORPORATE ACTIVITY

Poseidon extends loan agreement with Forrest Restricted

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Nickel developer Poseidon Nickel has extended the terms of an A$8-million loan facility with the Minderoo Foundation, which was founded by mining heavyweight Andrew Forrest. The current loan period was set to expire on October 1, but Poseidon...
17th September 2014
 
 
TUNGSTEN

Vital’s tungsten project to cost A$172m, DFS shows Restricted

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A definitive feasibility study (DFS) into the Watershed tungsten project, in Queensland, has placed a A$172-million price tag on the project’s development, owner Vital Metals reported on Wednesday. The DFS concluded that the project could...
17th September 2014
 
 
GOLD

Minera buys San Santiago plant Restricted

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ASX-listed Minera Gold has exercised its option to acquire the San Santiago processing plant, in Peru, for $5.5-million. Minera in July this year signed the option agreement over the plant, which was currently the subject of a lease agreement...
17th September 2014
 
 
URANIUM

ERA reports slight increase in Ranger 3 Deeps resource Restricted

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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 Mexico's Pemex Restricted

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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 Restricted

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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 Restricted

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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
 
 
 
 
 
 
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