GOLD 1285.03 $/ozChange: 3.41
PLATINUM 1404.50 $/ozChange: 4.50
R/$ exchange 10.59Change: -0.08
R/€ exchange 14.63Change: -0.14
 
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MONGOLIA COPPER

Mongolia March copper exports up 53% on rising Oyu Tolgoi sales

Mongolia's copper concentrate export volumes leapt 53% year-on-year in March, with rising output from the $6.5-billion Oyu Tolgoi project run by Anglo-Australian miner Rio Tinto driving up sales, official data showed. According to figures...
23rd April 2014
 
VANADIUM

American Vanadium announces first CellCube installation in New York

US vanadium project developer and renewable energy technology purveyor American Vanadium on Wednesday unveiled plans to demonstrate the CellCube vanadium redox flow energy storage system in partnership with the New York State Research and...
23rd April 2014
 
PLATINUM

Platinum strike highlighting huge potential opportunity loss for economy

The prolonged strike of the Association of Mineworkers and Construction Union in the platinum belt is highlighting the colossal potential opportunity loss to the South African economy should the country lose out on its platinum patrimony, which...
23rd April 2014
 
FERROCHROME

Glencore-Merafe lifts Q1 ferrochrome output by 28%

Attributable ferrochrome production from the Glencore-Merafe chrome venture increased by 28% for the quarter ended March 31, buoyed by a stronger market, the impact of State-owned power utility Eskom’s nonrecurring buyback agreements and a...
23rd April 2014
 
LABOUR

Platinum talks resume as miners prepare for mass meeting

Talks aimed at ending a crippling three-month strike in South Africa's platinum sector resume on Wednesday after the world's top producers and he Association of Mineworkers and Construction Union (AMCU)  spent Tuesday haggling over an offer...
23rd April 2014
 
COPPER/GOLD

Sumatra to restart Tembang work by mid-2014

An updated definitive feasibility study (DFS) for ASX-listed Sumatra Copper & Gold’s flagship Tembang project, has increased forecast gold production. The updated DFS forecast a total production of 168 794 oz of gold and about 1.8-million...
23rd April 2014
 
DIAMONDS

Petra on track to deliver 3m-carat diamond production target

London-listed Petra Diamonds is on track to meet its three-million-carat 2014 production target as it delivered a 15% hike in output during the third quarter of the year. Production for the quarter under review reached 743 424 ct, compared with...
23rd April 2014
 
MINING FINANCE

Padbury reveals name of mysterious benefactor

ASX-listed Padbury Mining has revealed the source of its $6.5-billion funding to build the Oakajee port and rail project, but its shares remained in suspension. Earlier this month, Padbury announced that private Australian equity investors would...
23rd April 2014
 
MINING FINANCE

Troy secures A$100m funding for Karouni

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

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

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
 
ENVIRONMENT

Cline Mining settles with BC govt over expropriated coal properties

Bankrupt coal junior Cline Mining this week reached a settlement with the government of British Columbia over a 2012 civil claim alleging the government expropriated three coal properties in the south-eastern parts of the province worth more than...
22nd April 2014
 
 
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