Rio Tinto’s Kennecott discontinues Madison earn-in

Kennecott Exploration, a subsidiary of Rio Tinto, has discontinued its 11-year Madison earn-in agreement to acquire a 70% interest in American Pacific’s Madison mine project, in Montana. American... 

Aurum raises cash for West African gold hunt

Exploration company Aurum Resources on Tuesday announced it would raise about A$7-million in an oversubscribed share placement, after receiving firm commitments from institutional and sophisticated... 

Capstone starts trading on Australian exchange

Vancouver-headquartered Capstone Copper has made its debut on the ASX. The ASX approved the company’s secondary listing and Capstone was admitted to the official list of the ASX on January 31. 

Rail setback for Ardmore phosphate mine

ASX-listed Centrex is investigating road transport alternatives for phosphates concentrate from its Ardmore mine, after a portion of the Mount Isa-Townsville rail network has been damaged in the... 

Midas exercises option over Canada lithium projects

Mineral exploration junior Midas Minerals has exercised an option to acquire 100% of the Greenbush and Barbara Lake litium projects in Ontario, Canada, for C$65 000 in cash and a grant of 1% net... 

Former BHP exec Cuzzubbo takes Arafura top job

Critical minerals project developer Arafura Rare Earths has appointed Darryl Cuzzubbo as MD and CEO, following the departure of Gavin Lockyer. The appointment takes effect immediately and Lockyer... 

MC Mining's JSE share price spikes on receipt of bidder's statement

The JSE share price of South Africa-focused coal miner MC Mining rose by 26% on the afternoon of February 2, following its confirmation that it had received a bidder's statement from entities that,... 

Iron-Ore 2023/24: Bracing for change

Creamer Media’s ‘Iron-Ore 2023/24: Bracing for change’ report considers the current iron-ore market focusing on key developments globally in the sector, namely supply, demand, trade, pricing and... 

Vertrex to buy processing plant for Reward gold mine

ASX-listed Vertex has secured a Gekko gold gravity processing plant for A$620 000 to be used for future onsite processing of gold ore at its Hill End gold project. The Gekko plant, which is a... 

Bougainville extends Panguna licence, paves way for redevelopment

The share price of Bougainville Copper (BCL) more than doubled on Friday as the ASX-listed company announced a five-year extension of its exploration licence for the Panguna project in central... 

Australian Potash exits administration

Australian Potash, which owns the Lake Wells sulphate of potash development in Western Australia, has exited administration, with its directors fully back in control of the company. “We... 

Zhoajin extends Tietto takeover period

Chinese group Zhaojin Capital has extended the offer period under its takeover bid for Tietto Minerals to March 8. Zhaojin in October made an A$0.58 a share offer for the West Africa-focused gold... 

Codrus extends option at Bull Run, Oregon

ASX-listed Codrus Minerals has extended the option agreement of the Record gold mine at the Bull Run project, in Oregon, US. The Bull Run consists of 102 claims, of which the company holds a 100%... 

MEDC proposes $50m grant for Highland’s Copperwood project

Following a yearlong review of the permitted Copperwood project, the Michigan Economic Development Corporation (MEDC) has proposed a $50-million grant, Canadian company Highland Copper said this... 

SA green hydrogen developers urged to bid for €270m in grant funding

The German Ministry for Economic Cooperation and Development is offering €270-million in nonrefundable grant funding to close “bankability gaps” standing in the way of implementing industrial-scale... 

Strategic Resources’ Finland project selected for EU vanadium/titanium study

TSX-V-listed Strategic Resources’ Mustavaara project, in Finland, has been selected to be part of Avanti, a €5-million study on vanadium and titanium funded by the European Union (EU). Currently,... 

Fortune extends option to acquire Alberta refinery site

Toronto-listed Fortune Minerals has extended the option to purchase the JFSL Field Services (JFSL) brownfield industrial site in Lamont county, Alberta. Fortune plans to construct a... 

Richard Floyd

This week we profile Richard Floyd, CEO of Aurous Resources, a South African gold mining company which owns the Blyvoor mine and the Gauta tailing project 

MinRes makes board changes

ASX-listed Mineral Resources (minRes) has announced the appointment of Jacqueline McGill to the board as an independent nonexecutive director, with effect from January 31. McGill is a highly... 

Santos and Barossa JV partners invest in Aboriginal communities

Oil and gas major Santos and its joint venture (JV) partners in the Barossa gas project on Thursday announced they would invest up to A$10-million in Northern Territory coastal Aboriginal... 

Northern Graphite launches battery materials group to spearhead mine-to-battery strategy

Ottawa-headquartered Northern Graphite on Wednesday announced the launch of the NGC Battery Materials Group to spearhead its mine-to-battery strategy, which will make the company one of only a few... 

Gem increases production, but lower prices bite

London-listed Gem Diamonds recovered 109 656 ct of diamonds from its Letšeng mine, in Lesotho, for 2023 – an increase on the 106 704 ct recovered in 2022. In a trading update on the company's... 

OceanaGold sells stake in NZ mine

Vancouver-headquartered OceanaGold on Wednesday announced the sale of its interest in the Blackwater project, in New Zealand, to Tasman Mining, a subsidiary of Federation Mining. This comes as... 

Former BHP exec to chair iron-ore junior exploring Madagascar

Graeme Hunt, a former BHP iron-ore president, has been appointed chairperson of ASX-listed Akora Resources with effect from February 1. MD and CEO Paul Bibby says Hunt’s extensive iron-ore... 

Hummingbird sets 2024 guidance at up to 200 000 oz as Kouroussa ramps up

Aim-listed Hummingbird Resources has set its group production guidance for this year at between 165 000 oz and 200 000 oz at an all-in sustaining cost (AISC) below $1 500/oz. The miner's Yanfolila... 

Patriot Battery Metals graduates to TSX

Hard-rock lithium exploration company Patriot Battery Metals has received final approval from the TSX to list its common shares, effective upon market open on Thursday. The shares will trade under... 

Optical sorter arrives at URA's Gravelotte mine

London-listed URA Holdings' Gravelotte emerald mine, in South Africa's Limpopo province, has taken delivery of an optical sorter – an important step in the mine's transition to operational status.... 

Botswana Diamonds-led consortium awarded prospecting licence in Eswatini

A consortium called Diamonds of Eswatini, in which London- and Botswana-listed Botswana Diamonds holds a 30% interest, has been awarded a prospecting licence over the diamondiferous Dokowayo... 

Resolute trims 2024 guidance

Gold miner Resolute Mining has lowered its production expectations for 2024, citing an expected more conservative contribution from the Syama operation, in Mali. The company’s guidance for the... 

Solid US demand helps stabilise diamond industry – Cook

Diamond miner De Beers recorded provisional rough diamond sales of $370-million in its first sales cycle of this year. This was lower than the $454-million of sales recorded for the first sales... 

Resource update paves way for Youanmi PFS

Western Australia-focused Rox Resources has updated the mineral resource estimate (MRE) of the Youanmi project, confirming it as one of the highest-grade emerging gold projects in Australia. The... 

Australian explorer hits 340 g/t gold in Nagambie

Exploration company Nagambie Resources has announced a new record high assay for its namesake gold and antimony mine in central Victoria, sending its share price on the ASX up 16% on Tuesday. “The... 

Ramelius upgrades 2024 gold guidance

Australian miner Ramelius Resources has upgraded its production guidance for the 2024 financial year, following a strong first half in which it produced 124 047 oz at an all-in sustaining cost... 

Copper miner Sandfire maintains FY guidance

Global copper miner Sandfire Resources has maintained its production, cost and capital expenditure guidance for the 2024 financial year, after a solid December quarter at its MATSA and Motheo... 

Star Diamond to take control of Fort a la Corne project in March

Toronto-listed Star Diamond expects to take full possession of the Fort a la Corne properties in Saskatchewan in March, CEO Ewan Mason reported on Monday. The company is buying Rio Tinto Canada’s... 

Extension granted to all Cinovec licences – European Metals

Dual-listed European Metals Holdings (EMH) has announced the granting of an extension to all four of its exploration licences at the Cinovec lithium project, in Czech Republic.    These licences... 

AIC Mines appoints COO

Copper and gold company AIC Mines has grown to the point where a COO is warranted and has appointed Tim Benfield to the position, MD Aaron Colleran announced on Monday. “Tim is a perfect fit for... 

West African reports fatality at Burkina Faso gold project

ASX-listed West African Resources said on Monday that a contractor had died while working at its Kiaka gold project, in Burkina Faso. No other persons were injured in the accident, the company... 

Gemfields achieved its second-highest auction revenues ever in 2023

Gemstone miner Gemfields reports that auction revenues and pricing for both emeralds and rubies remain strong, with the company having earned auction revenues of $242-million in 2023 – the... 

Nunavut Planning Commission gives green light for Coppermine project

The Nunavut Planning Commission has issued approved licences for the Coppermine project, marking a major step in the permitting process, White Cliff Minerals reported on Monday. The ASX-listed...