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Ferrum Crescent raises funds for exploration in Spain
Published: 08 Sep 17
Triple-listed Ferrum Crescent has raised £193 304 before expenses, which the company will use for additional exploration and evaluation activities at the Toral and Lago lead/zinc exploration projects in Spain, and for general working capital. The funds were raised through a placement of 214.78-million shares of shares at an issue price of 0.09p. The placing is conditional on admission of the placing shares to trading on the Aim.
Anglesey planning for production at Wales mine in 2020 Anglesey planning for production at Wales mine in 2020
Published: 08 Sep 17
The recent increase in the prices of the metals that the Parys Mountain mine will produce has spurred on Anglesey Mining to move into action to bring the project into production “as soon as practicable”. Anglesey on Friday announced four immediate steps to progress the north Wales project, including starting an environmental impact assessment, converting the scoping study to a definitive feasibility study (DFS), recruiting key corporate staff and initiating project financing discussions.
India likely to miss mineral block auction target
Published: 08 Sep 17
India’s Mines Ministry is likely to miss its goal of completing the auction of 71 noncoal mineral blocks across seven provinces in the current financial year, despite a flurry of activity to ease federal rules. The unpreparedness of provinces to conduct auctions is largely blamed for the tardy allocation of the already identified mineral assets. The Mines Ministry, headed by Narendra Singh Tomar, on Thursday decided to convene a stock-taking meeting with all mineral bearing provinces to “understand the reasons for their going slow on auction”, a government official said.
Stratex shareholders seek meeting over Crusader transaction
Published: 08 Sep 17
Aim-quoted Stratex has received a request from a group of shareholders to convene a general meeting over the proposed acquisition of Crusader Resources. The shareholders want the company to terminate the proposed transaction, which was first mooted in May, and they also want to make certain board changes.
Kibo wins GE innovation award for Mbeya
Published: 08 Sep 17
Aim- and AltX-listed Kibo Mining has been awarded the General Electric (GE) Innovative Project Development Deal of the Year 2017 for its Mbeya coal-to-power project, in Tanzania. The award was presented to the company in New York on Thursday.
Port Hedland iron ore exports to China up 11% in August -Pilbara Ports
Published: 08 Sep 17
Iron-ore shipments to China from Australia's Port Hedland terminal rose 11% to 35.7-million tonnes from 32.03-million tonnes in July, port data released on Friday showed. Overall August iron-ore shipments from the world's biggest export terminal for the steelmaking raw material increased to 42.8-million tonnes from 37.9-million tonnes in July, according to the Pilbara Ports Authority.
Banfora gold project to lift Teranga output by 50%
Published: 08 Sep 17
The Banfora gold project, in Burkina Faso, is expected to require a capital investment of $232-million, ASX- and TSX-listed Teranga Gold reported on Friday. A feasibility study (FS) found that Banfora could deliver an average of 119 000 oz/y of gold over a nine-year mine life, at an average all-in sustaining cost (AISC) of $843/oz.
Nova base metals mine in Fraser Range officially opened
Published: 08 Sep 17
Base metals miner Independence Group has officially opened its Nova nickel/copper/cobalt mine, in Western Australia. MD and CEO Peter Bradford told shareholders on Friday that Nova reached commercial production only five years after its initial discovery, with the project expected to reach nameplate capacity 12 months earlier than tipped in the bankable feasibility study.
Santos to supply ethane gas to Qenos
Published: 08 Sep 17
Oil and gas major Santos and fellow-listed Origin Energy have signed a new agreement with polyethylene producer Qenos to supply ethane gas. Under the terms of the agreement, the two companies will supply an estimated 27 PJ to Qenos for the remainder of 2017 until the end of 2019.
Bartons a viable development - Millennium
Published: 08 Sep 17
A scoping study into the Bartons underground mine, at the Nullagine gold project, in Western Australia, has proven the project could be developed into a viable mining operation. ASX-listed Millennium Minerals CEO Peter Cash told shareholders on Friday that the scoping study outlined a very compelling development profile for Bartons, which represented the first proposed underground mining operation at the Nullagine project.
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