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Barrick alliance provides update on Japan regional programme

By: Mariaan Webb 9th July 2020 Vancouver-based junior Japan Gold and its alliance partner Barrick Gold have started regional-scale geophysical-gravity surveys in the Hokasatsu region, which is located in the largest gold-producing region in Japan. As part of the alliance’s work, regional work programmes have started on 14... →

Marathon Gold has a new COO

By: Creamer Media Reporter 9th July 2020 Tim Williams, who until recently was operations chief for Chile project developer Rio2, is joining Marathon Gold as COO with effect from July 13. Williams is a professional engineer with more than 25 years of experience in mine construction and operation. He will be responsible for the... →

Newcrest Mining to explore options for its stake in SolGold - sources

By: Reuters 8th July 2020 Australia's Newcrest Mining has hired investment bank RBC Capital Markets to explore options for its 13.57% stake in gold and copper producer SolGold, two sources said, after it contested SolGold's latest fundraising initiative. The Ecuador-focused company agreed in May a financing package of... →

Africa’s biggest investment takes shape under Islamist threat

By: Bloomberg 7th July 2020 Dozens of soldiers clutching AK-47s and grenade launchers watch over roaring bulldozers on the white sand beach that meets a tropical turquoise sea. They’re guarding Africa’s biggest investment: a $23 billion project to export Mozambique’s natural gas from an area increasingly besieged by an... →

Tomingley meets targets

By: Esmarie Iannucci 7th July 2020 The Tomingley gold project, in New South Wales, has met its production guidance for 2020, with owner Alkane Resources on Tuesday reporting that the project had produced 33 507 oz of gold during the full year ended June. This was in line with the target of between 30 000 oz and 35 000 oz. →

Ora Banda completes bookbuild for Davyhurst restart

By: Esmarie Iannucci 7th July 2020 ASX-listed Ora Banda Mining has completed the bookbuild for its share placement and institutional entitlement offer, to raise A$51.7-million, with a fully underwritten retail entitlement offer set to raise a further A$3.3-million, and to open on July 10. The company has received firm commitments... →

Sal de Vida still set for 2022 start

By: Esmarie Iannucci 7th July 2020 Lithium miner Galaxy Resources on Tuesday said that it was still on target for Stage 1 ore production at the Sal de Vida project, in Argentina, in 2022, despite the Covid-19 pandemic impacting the development schedule of the project. Galaxy in April this year suspended operations at Sal de Vida... →

Renergen believes Virginia project could relieve global helium shortage woes

By: Simone Liedtke 7th July 2020 Emerging natural gas and helium producer Renergen says its Virginia project, in South Africa’s Free State province, has the potential to be the answer to the world’s helium shortage woes following a recent helium prospective resources report, which confirms that the project has undiscovered gross... →

Image sells 100 000 t of HMC

By: Esmarie Iannucci 7th July 2020 Junior Image Resources has inked an offtake agreement for 100 000 t of heavy mineral concentrate from its current inventory at the Boonanarring mineral sands project, in Western Australia. The ASX-listed company told shareholders that the agreement with offtake partner Shantou Natford Zirconium... →

Zenith sets sights on A$5m raise

By: Esmarie Iannucci 7th July 2020 ASX-listed Zenith Minerals will raise A$5-million in an oversubscribed share placement to institutional and sophisticated investors, to accelerate exploration at its core gold projects. The junior company on Tuesday noted that 51-million new shares would be issued at a price of 10c each,... →

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