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Vale notches record Q2 iron-ore, pellet output despite trucker strike
Published: 16 Jul 18
Brazil's Vale achieved record iron ore and pellet production for a second quarter despite a nationwide trucker strike that paralyzed Latin America's largest economy in May, the miner said in a filing on Monday. Vale, the world's top iron-ore producer, said iron ore output reached 96.755-million tonnes in the period while pellet output hit 12.838-million tonnes, despite the strike over rising diesel prices.
Orion on track for completing Prieska BFS
Published: 16 Jul 18
JSE-listed Orion Minerals is on track to complete its bankable feasibility study into the Prieska zinc/copper project, in the Northern Cape, by the end of the year. The company on Monday reported positive assay results from a further 13 drilled intersections at the project.
Expert backs Hancock offer for Atlas Expert backs Hancock offer for Atlas
Published: 16 Jul 18
An independent expert has found that Hancock Prospecting’s offer for ASX-listed Atlas Iron is both fair and reasonable, with Atlas on Monday urging shareholders to accept the offer. Non-executive chairperson Eugene Davis told shareholders that the offer from Hancock was an excellent opportunity for shareholders to realise value for their investment in Atlas, noting that the cash offer represented a 121% premium to the company’s losing price prior to the announcement of a takeover offer from fellow-listed Mineral Resources.
Atalaya produces record quarterly copper production in Spain
Published: 16 Jul 18
Aim- and TSX-listed copper miner Atalaya Mining produced 10 446 t copper at its Proyecto Riotinto mine, in Spain, in the second quarter of the year, beating its first quarter production record.
More resources at Montepuez
Published: 16 Jul 18
Graphite developer Battery Minerals has reported a 14% increase in the mineral resource estimate of the Elephant deposit, at its Montepuez project, in Mozambique. The project is now estimated to host a total measured and indicated resource of 76.9-million tonnes, at 7.3% total graphitic carbon.
Panthera completes initial RC drilling at Burkina Faso project
Published: 16 Jul 18
Aim-listed gold exploration and development company Panthera Resources has completed 1.07 km of reverse circulation (RC) drilling over eight holes at its Naton project in southern Burkina Faso.
Improved operational performance, prices lift Amplats’ interim earnings Improved operational performance, prices lift Amplats’ interim earnings
Published: 16 Jul 18
JSE-listed Anglo American Platinum (Amplats) on Monday advised that its headline earnings and headline earnings per share (HEPS) for the six months ended June 30 are likely to be between R3.2-billion and R3.4-billion and between R1.20 and R1.30, respectively.
Major Beadell shakeup targets $100m cost savings
Published: 16 Jul 18
Gold miner Beadell Resources has implemented major management changes and cost reductions at its Tucano mine, in Brazil, that could save more than $100-million. CEO and MD Simon Jackson and COO Peter Holmes will step down from their current positions, with Dr Nicole Adshead-Bell taking over as CEO and MD.
Symbol secures offtake and financing for Macy
Published: 16 Jul 18
ASX-listed Symbol Mining has inked an offtake and marketing agreement with Noble Resources international for its Macy zinc project, in Nigeria. The offtake and marketing agreement also secured the final funding requirements for the development of the Macy project, with a short-term $3-million loan facility.
MOD could increase plant throughput at T3
Published: 16 Jul 18
ASX-listed MOD Resources has reported a 13% increase in the indicated resource of its T3 deposit, in Botswana, which could support a potential increase in the planned design throughput. MOD on Monday said that a reclassification of the T3 resource has seen the indicated mineral resource estimate grow to 417 000 t of copper and 18.6-million ounces of silver, representing some 70% of the contained copper and 61% of the tonnes in the total mineral resource.
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