R/€ = 14.82 Change: -0.05
R/$ = 12.07 Change: -0.11
Au 1337.07 $/oz Change: -15.72
Pt 928.00 $/oz Change: -22.81

Creamer Media Reporter

Wolf and GR Engineering settle Hemerdon dispute

20th April 2018 ASX- and Aim-listed Wolf Minerals has entered into a settlement agreement with ASX-listed GR Engineering relating to the engineering, procurement and construction contract for the Hemerdon project in England. The agreement “fully and finally settles all claims in relation to the contract, without... 

Engineering News iPhone and Android Apps available for free download

20th April 2018 Creamer Media’s readers continue to be part of the mobile revolution.  Over 20% of Creamer Media’s online readers view the websites on their mobile devices. To cater for this growing mobile readership Creamer Media offers an Engineering News Online app for iPhone and Android users.  These apps... 

Alrosa opens Mumbai representative office

19th April 2018 Russian diamond miner Alrosa has opened a representative office in Mumbai, India, on the territory of the Bharat Diamond Bourse. The office will not conduct any trading activity and will be concentrated on strengthening ties with Indian market, the company said on Thursday. 

Altus raises C$4.11m in private placement

18th April 2018 Aim-listed Altus Strategies has raised about C$4.11-million by way of a nonbrokered private placement of 27.39-million units at C$0.15 each. Each unit is comprised of one ordinary share and one ordinary share purchase warrant that may be used to buy one ordinary Altus share at C$0.30 for five... 

Orion appoints mining engineer as nonexecutive director

18th April 2018 ASX- and JSE-listed Orion Minerals, which is developing the Prieska base metals project in South Africa’s Northern Cape, has appointed Michael Hulmes as nonexecutive director. Hulmes is a mining engineer with over 30 years’ senior executive, management 

Pallinghurst receives A$83m following Jupiter IPO

18th April 2018 JSE-listed Pallinghurst Resources has received A$83.1-million following the relisting of Jupiter Mines on the ASX on Wednesday. Jupiter in March announced its plans to relist on the ASX through an initial public offering (IPO) to new investors of up to 600-million shares at A$0.40 a share, to... 

Maiden resource announced at Connemara’s Stonepark JV

17th April 2018 Irish gold and zinc explorer Connemara Mining has announced a maiden inferred resource estimate at its Stonepark zinc project, in Limerick. The joint venture (JV) project between Group Eleven (76.56%) and Connemara (23.44%) has a mineral resource estimate of 5.3-million tonnes, grading 11.15%... 

Beowulf inks graphite collaboration deal with Finnish university

17th April 2018 Aim-listed Beowulf has signed a graphite collaboration agreement with Åbo Akademi University, formalising an agreement that the company has forged with the university, in Turku, Finland, over several years. The agreement is focused on knowledge sharing, the identification of graphite prospects,... 

Alrosa switches to cheaper fuel sources to cut operating expenses

16th April 2018 The conversion of boiler houses and power plants to alternative fuels is expected to reduce the operating expenses of Russian miner Alrosa by about 5.3-billion roubles over the next ten years. In an update on Monday, Alrosa said that it would build a gas boiler-house in Almazny settlement in the... 

Galantas secures further loans for Omagh development

12th April 2018 Aim- and TSX-V-quoted Galantas Gold has secured more funds for the further development of its Omagh mine, in Northern Ireland. The firm’s operating subsidiary, Flintridge Resources, has signed a concentrate prepayment agreement, or loan facility, for $1.6-million with Ocean Partners UK and... 

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