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Base Metals

Base metals prospects attract investment across continents

PROSPECTIVE INVESTMENT
Denham Capital Management believes the outlook for copper and zinc prospects in South America is positive
In addition to focusing on copper mining investment opportunities in Africa, energy-focused global private-equity firm Denham Capital Management is investing in new copper projects in South America this year, company director Caroline Donally...
18th April 2014
 
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Gahcho Kué diamond project, Canada Restricted

At the end of February, the overall project was 17% complete.
18th April 2014
 
Mining Services

Mine shaft systems division poised for growth

LARGE SCALE The 5.5-m-diameter man and material winder installed at Styldrift is showing positive results  Global manufacturer and equipment supplier FLSmidth is initiating a five- to seven-year strategic business plan that will see its mine-shaft systems business grow organically, fill gaps in the market and build the necessary skills and experience...
18th April 2014
 
MINING MARIJUANA

‘Zombie’ juniors betting high hopes on medical marijuana

Failing resource juniors look to medical marijuana for a life line. During the last several months a group of entrepreneurial junior mineral explorers have floated the idea of broaching the fledgling medical marijuana industries of Canada and the US, keeping some of their penny stocks afloat amidst a moribund...
17th April 2014
 
GOLD

DRDGold appoints chartered accountant to board

JSE-listed DRDGold has appointed chartered accountant Johan Holtzhausen as an independent nonexecutive director of the company.   Holtzhausen, who held a Bachelor of Science degree from the University of Stellenbosch and a Bachelor of Accounting...
17th April 2014
 
Company Announcement

Drdgold: Appointment Of Non-Executive Director PDF Available

DRDGOLD Limited has announced the appointment of chartered accountant (SA) Johan Holtzhausen as an independent non-executive director of the company with effect from 25 April 2014. Mr Holtzhausen holds a Bachelor of Science degree from the...
17th April 2014
 
Company Announcement

Nordgold has been Granted Relief from Compliance with Canadian Continuous Disclosure Laws PDF Available

Nord Gold N.V. , the internationally diversified, pure-play gold producer strategically focused on emerging markets, announces that the Company has been granted relief from compliance with Canadian continuous disclosure laws by the Canadian...
17th April 2014
 
GOLD

Gold price to average $1 225/oz in 2014 – GFMS

Weighing up the factors impacting the gold market this year, 2014 looks set to be a second year of price decline for gold, with precious metals consultancy Thomson Reuters GFMS continuing to forecast an average of $1 225/oz for the year. The...
17th April 2014
 
POTASH

Muskowekwan First Nation votes to approve on-reserve potash project

Project developer Encanto Potash on Wednesday reported that the Muskowekwan First Nation (MFN) had voted with a strong majority in favour of continuing to develop the first producing potash mine on First Nation land – the MFN’s reserve,...
16th April 2014
 
COAL

Walter Energy to idle Canadian operations

Coal miner Walter Energy on Tuesday said that it planned to idle its Canadian coal mines in the face of weak metallurgical coal prices, placing more than 695 jobs on the line. The Birmingham, Alabama-based ‘pure-play’ metallurgical coal...
15th April 2014
 
CORPORATE ACTIVITY

Aurora Oil & Gas board recommending A$1.8bn Baytex offer

The board of ASX- and TSX-listed takeover target Aurora Oil & Gas has put its weight behind a takeover offer from Canada’s Baytex Energy Corporation. In February, Baytex launched a A$1.8-billion takeover offer for Aurora, offering shareholders...
15th April 2014
 
HOSTILE BID

Hudbay applies to cease trade Augusta’s ‘poison pill’

Base metals miner Hudbay Minerals on Monday applied to the British Columbia Securities Commission to cease trade project developer Augusta Resources’ shareholder rights plan, or ‘poison pill’, before its C$540-million offer expires on May...
15th April 2014
 
 
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