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IRON-ORE

Centaurus adds to Candonga resource

Metals developer Centaurus Metals has reported a 33% increase in the direct shipping ore (DSO) resource at its Candonga project, in Brazil. Following a recent drilling programme at Candonga, the project was now estimated to host a Joint Ore...
1st September 2014
 
Corporate Profile

Transmin

Perth, Western Australia-based Transmin, a leader in providing innovative, engineered solutions and services for the mining, processing and bulk materials handling industries, has brought its 25 years of engineering experience to South Africa.
29th August 2014
 
FERTILISER

DuSolo gets operational licence for part of Bomfim project, Brazil

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 noted that Naturatins, or the...
28th August 2014
 
MINE FATALITY

Aura Minerals reports mine fatality

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 the miner, which was employed by Aranzazu was on Thursday fatally...
28th August 2014
 
GOLD

Karouni impairment brings down Troy results

A $61.2-million asset impairment charge on the Karouni gold project, in Guyana, has resulted in dual-listed Troy Resources reporting a net loss after tax of $59.1-million for the year ended June, compared with a net profit of $18.6-million in the...
28th August 2014
 
DEBT REPROFILING

MBAC extends debt maturity dates, secures $18.2-million working capital

Brazil-focused fertiliser producer MBAC Fertilizer made strides in addressing its liquidity position after successfully reprofiling its debt obligations and securing an $18.2-million working capital loan. The TSX-listed company had been...
27th August 2014
 
LITHIUM

Nemaska Lithium core patent applications published

Quebec-based lithium project developer Nemaska Lithium on Wednesday reported that its  two core patents for its proprietary methods to produce lithium hydroxide and lithium carbonate were published as part of the review process under the Patent...
27th August 2014
 
COPPER

Voyager changes name and focus

ASX-listed junior Voyager Resources would propose a name-change to its shareholders, after acquiring the Salobo South copper project, in Brazil and switching its focus to copper. The previously Mongolia-focused explorer on Wednesday said that in...
27th August 2014
 
DIVERSIFIED MINING

Votorantim Industrial swings back to profit on higher prices

Brazil's Votorantim Industrial swung back to profit in the second quarter compared to a year earlier as higher cement prices lifted its biggest unit. The private São Paulo-based group, whose interests also include mining, steel and cellulose...
25th August 2014
 
DIVERSIFIED MINERS

BHP Billiton’s Newco poised to benefit South Africa

Newco CEO-designate Graham Kerr (right) and Martin Creamer The assets that BHP Billiton plans to hive off into a new standalone global diversified metals and mining company generated sales revenue last year of close to $10-billion. In the last ten years, the commodities of the proposed new company...
22nd August 2014
 
MINERAL SANDS

Weaker prices see Iluka post big profit decline

Mineral sands miner Iluka has reported a significant decline in net profit after tax, owing to lower prices. Net profit for the six months to the end of June dropped to A$11.7-million, compared with the A$34.3-million reported in the previous...
22nd August 2014
 
Coal

Vale details activities in Mozambique

Brazilian mining major Vale’s Moatize mine in the Tete province of Mozambique produced some 4-million tons of coal last year, its second full year of operation. This was reported by the group’s subsidiary, Vale Moçambique, in its recently...
22nd August 2014
 
 
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