R/€ = 16.39 Change: -0.09
R/$ = 14.40 Change: -0.07
Au 1406.38 $/oz Change: 22.30
Pt 810.43 $/oz Change: 6.84


Silver Mines’ enviro study confirms minimal impact, to be submitted soon

By: Marleny Arnoldi     21st June 2019 ASX-listed Silver Mines confirmed on Friday that the environmental impact statement (EIS) for its Bowdens silver project, in New South Wales, was in the final stages before being submitted for development consent to the New South Wales Department of Planning and Environment. The EIS affirms... 

Petropavlovsk reports strong interest in bond offering

By: Creamer Media Reporter      20th June 2019 Russian gold mining company Petropavlovsk on Thursday announced a new $125-million convertible bond to refinance an existing short-term $100-million bond with a coupon of 9%, using a long-dated instrument at a lower cost. CEO Pavel Maslovskiy said in a statement that the new bond offering had... 

Azure to start trial mining at Mexico project

By: Creamer Media Reporter      5th June 2019 Australia-based emerging miner Azure Minerals on Wednesday announced that its board had approved the start of trial mining and processing of high-grade mineralisation from its Oposura zinc/lead project in Sonara, Mexico. Operations would start in the September quarter and would be funded through... 

Airtel Africa looks at $1bn London listing

By: Reuters     28th May 2019 Airtel Africa, a subsidiary of Indian telecoms group Bharti Airtel, is considering a stock market flotation in London, it said on Tuesday, part of efforts to expand its data and mobile money services across Africa. The company is aiming to raise around $1-billion in a June equity offering, a... 

Integrated Pump Rental

24th May 2019 Integrated Pump Rental is a specialist pump rental organisation that caters to the needs of all sectors, including mining, quarrying, construction, wastewater, energy and general industry across Africa. The company has the agility to offer cus­tomers quick and easy access to a comprehen­sive... 

MTN close to paying off 330bn naira fine in Nigeria – NCC

By: Reuters     22nd May 2019 African telecommunications giant MTN has paid 275-billion naira ($898.99-million) toward a 330-billion naira fine imposed on it for not disconnecting unregistered SIM cards, Nigeria's communications agency said on Tuesday. The final 55-billion naira payment from MTN, Africa's largest... 

Greenland optimises Kvanefjeld economics

By: Esmarie Iannucci     15th May 2019 An optimised feasibility study into the Kvanefjeld rare earths project, in Greenland, has estimated a $31-million increase in annual revenue, at current rare-earth prices. ASX-listed Greenland Minerals on Wednesday reported that the optimised study had estimated an 8% increase in rare-earth... 

Processing operations start at Woodlawn

By: Esmarie Iannucci     8th May 2019 Ore processing at the Woodlawn zinc/copper mine, in New South Wales, has started, with the operation expected to progressively ramp up to an estimated throughput capacity of 1.5-million tonnes a year. ASX-listed Heron Resources on Wednesday told shareholders reclaimed tailings from hydraulic... 

Fortune confirms on site gold recovery from cobalt concentrates

By: Creamer Media Reporter      6th May 2019 TSX-listed Fortune Minerals could potentially defer the construction of its downstream refinery, after recent tests have confirmed that it could achieve good gold recoveries from its cobalt and bismuth concentrates at the proposed Nico mine site. The company, which had to find a new site for its... 

Cape Lambert resumes trading as DRC issues are solved

By: Esmarie Iannucci     2nd May 2019 Resources investment firm Cape Lambert has resumed trading on the ASX after issues around its Kipushi cobalt/copper tailings project, in the Democratic Republic of Congo, was cleared. Cape Lambert holds a 50% interest in the Kipushi tailings project, along with local entity Paragon Mining,... 

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