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Edenville agrees revised repayment schedule with Lind

By: Tasneem Bulbulia 15th January 2021 Aim-listed Edenville Energy has agreed a revised repayment schedule with Lind Partners, following constructive dialogue with the company regarding the repayment terms of its outstanding funding agreement with Lind. As announced on October 6, 2020, Lind requested Edenville repay the total... →

Petra Diamonds’ shareholders approve restructuring

By: Simone Liedtke 13th January 2021 London-listed Petra Diamonds’ shareholders have voted in favour of a resolution to restructure the business and provide it with a more stable, deleveraged capital structure that will ensure the short- and long-term viability of the company. At a special general meeting held on January 13, 95.13%... →

First gold pour positions Pure Gold for future success

By: Tasneem Bulbulia 8th January 2021 Canadian miner Pure Gold Mining achieved the first gold pour at its mine in Red Lake, Ontario, on December 29, with this milestone marking the company’s transformation from explorer to producer, as well as to being cash flow generative, CEO, president and director Darin Labrenz tells Mining... →

Eldorado Gold lifts production by 34% y/y

By: Donna Slater 8th January 2021 TSX- and NYSE-listed gold and base metals producer Eldorado Gold reports that its gold production for 2020 had increased by 34% year-on-year to 528 874 oz, in line with guidance of between 520 000 oz and 550 000 oz. Production at the Lamaque mine, in Canada, exceeded guidance despite a... →

US company planning at least 500 hydrogen fuelling stations in next 3 to 5 years

By: Martin Creamer 7th January 2021 The creation of a minimum of 500 fuelling stations to provide hydrogen to mainly trucks powered by platinum-catalysed hydrogen fuel cells is planned by a US company in the next three to five years. “We believe that everyone will be within a couple of miles of a hydrogen fuelling station in the... →

Rainbow completes drilling at Phalaborwa rare earths project

By: Tasneem Bulbulia 7th January 2021 Aim-listed Rainbow Rare Earths has completed an auger drilling programme at the Phalaborwa rare earths project, in South Africa. The programme was aimed at delivering an inferred Joint Ore Reserves Committee-compliant resource classification, within the 35-million-tonne gypsum stacks. →

AngloGold says will achieve strong yearly free cash flow performance

By: Chanel de Bruyn 18th December 2020 Gold miner AngloGold says it is on track to build on the robust free cash flow of $516-million in the first nine months of the year and is expected to post its strongest annual free cash flow performance in almost a decade. In a year-end update published on December 18, interim CEO Christine... →

Explorers gets more time to spend capital raised through flow-through shares

By: Creamer Media Reporter 18th December 2020 The Prospectors and Developers Association of Canada (PDAC) has welcomed the federal government’s draft legislative proposals to extend the timelines for spending the capital that junior mining exploration companies raise through flow-through shares. The proposed legislation, announced this... →

Global tender, auction houses express interest in participating in Angolan Diamond Bourse

By: Creamer Media Reporter 17th December 2020 State-owned Angolan National Diamond Trading Company (Sodiam) says it has received interest from five global tender and auction houses related to the development of these services in the soon to be established Angolan Diamond Bourse (ADB). Angola has about 14 active diamond mining sites and... →

Vaccinating billions means finding ways around a patent impasse

By: Bloomberg 17th December 2020 Covid-19 vaccines look set to protect millions of citizens of the world’s richest countries in the coming months. But inoculating the rest of the planet’s population may mean finding a way around an impasse over intellectual property. Representatives from all 164 member states of the World Trade... →

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