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COAL

Coalspur granted approval for Vista Stage 1

ASX- and TSX-listed coal developer Coalspur has been issued three approvals and licences for the Phase 1 development of its Vista project, in Canada. The developer said on Wednesday that the Alberta Energy Regulator (AER) had approved the project...
27th August 2014
 
REVENUE TRANSPARENCY

Canada’s Mines Ministers back enhanced payment transparency in sector

The Mining Association of Canada (MAC) and the Prospectors and Developers Association of Canada (PDAC) on Tuesday welcomed a joint announcement made today by Canada's federal and provincial Mines Ministers, in which they lent their support to...
27th August 2014
 
CREDITOR PROTECTION

Mercator Minerals files for creditor protection

Mineral Park, Arizona North American base metals miner Mercator Minerals on Tuesday filed for creditor protection in both Canada and the US after the board and its creditors could not agree on “several proposals” put on the table by interested parties that wanted...
27th 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
 
GOLD

Mine collapse in Central African Republic kills 25

At least 25 people have died in a collapse at a gold mine 60 km north of the Central African Republic town of Bambari, Ahmat Negat, spokesperson for the mainly Muslim Seleka rebels, said on Friday. The mine at Ndassima is carved deep into a...
22nd August 2014
 
FINANCING

Fortune secures $36m to complete Revenue mine deal on sweetened terms

Canadian project developer and owner of 12% of the Revenue Silver Mine (RSM), in south-west Colorado, Fortune Minerals on Wednesday announced that it had secured a series of financings, and clinched an amended agreement to buy the remaining stake...
20th August 2014
 
DIAMONDS

Dominion Diamond Corp’s Q2 output ahead of plan

Canadian precious gem producer Dominion Diamond Corp on Tuesday said output from its two producing mines, in Canada’s Northwest Territories, was “substantially ahead of plan” owing to higher-than-expected grades and boosted by operational...
19th August 2014
 
CORPORATE ACTIVITY

Giyani Gold diversifies into oil services sector, coal

Southern Africa-focused explorer Giyani Gold on Friday said it had struck an all-scrip deal to acquire a fully permitted crude oil storage and dry bulk cargo port development in Turkey, known as the Ceyhan project. The TSX-V- and JSE-listed firm...
15th August 2014
 
DIVERSIFIED MINER

BHP Billiton says demerger of assets its preferred option

Mining giant BHP Billiton said on Friday that a demerger of selected assets was its preferred way of simplifying its portfolio. The miner, which has been undertaking a portfolio simplification programme over the past decade, and is pursuing...
15th August 2014
 
PLATINUM – 2

Amplats, partner launch trailblazing platinum-using fuel cell mini-grid

FIRST EVER
The world’s first platinum-using fuel cell minigrid prototype was developed for use in an off-grid residential application, where the cost of electrification through grid expansion might be too expensive or technically prohibitive
JSE-listed platinum producer Anglo American Platinum (Amplats) and Canada-based Ballard Power Systems on Tuesday launched the world’s first platinum-using fuel cell mini-grid electrification field trial. Amplats and Ballard Power Systems...
15th August 2014
 
All

Gahcho Kué diamond project, Canada Restricted

The Mackenzie Valley Land and Water Board has issued a Type A land-use permit for Gahcho Kué project.
15th August 2014
 
PERSPECTIVDES

PLATINUM POWER

Department of Mineral Resources Deputy Minister Godfrey Oliphant and Anglo American Platinum CEO Chris Griffith take part in the ribbon cutting at the world’s first platinum-based rural electrification fuel cell mini-grid project undertaken by...
15th August 2014
 
 
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