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New Gold appoints new CEO
Published: 12 Sep 18
TSX- and NYSE-listed New Gold has appointed Renaud Adams president and CEO, effective September 12. He succeeds New Gold outgoing director and CEO Raymond Threlkeld, who has led the company since May.
Tanzanian integrity pledge regulations lack clarity, cause uncertainty – law firm
Published: 12 Sep 18
Multinational law firm Herbert Smith Freehills (HSF) has raised concerns around Tanzania’s new integrity pledge for mining companies, questioning whether it meets international best practice. Since July 2017, the Tanzanian government has introduced significant regulatory reforms to the mining industry.
Toro Gold reports promising drilling results to extend Senegal mine’s life
Published: 12 Sep 18
Gold miner Toro Gold has reported highlights from its 60-hole 15 000 m core drilling programme that is under way at its 90%-owned Mako gold mine, in Senegal, including 19.5 m at 3.4 g/t gold from 193.4 m. The programme is targeting mineralisation underneath the current openpit that has the potential to extend the life of the mine.
South Africa's iron-ore railway to be shut down for annual maintenance
Published: 12 Sep 18
The main railway line along South Africa's iron-ore corridor will be shut down for annual maintenance from September 26 to October 2, State-owned freight logistics firm Transnet said on Wednesday. The railway line that stretches up to 861 km (534 miles) from iron-ore mines at Sishen in the Northern Cape to the Saldanha port in the Western Cape is South Africa's main link for iron-ore exports.
Congo Mines Minister insists no compromise on new mining code Congo Mines Minister insists no compromise on new mining code
Published: 12 Sep 18
Democratic Republic of Congo's mines minister said on Wednesday that a new mining code signed into law in March that hikes royalties and taxes cannot be called into question. Addressing a mining conference in the copper and cobalt-mining city of Kolwezi, Martin Kabwelulu called on industry leaders to work to implement the code as it was promulgated by President Joseph Kabila.
Record production boosts Atalaya’s H1 Ebitda
Published: 12 Sep 18
Aim- and TSX-listed copper miner Atalaya Mining delivered earnings before interest, taxes, depreciation and amortisation (Ebitda) of €34.4-million for the six months ended June 30, compared with €24.5-million in the first half of 2017, on the back of record production at the company’s Proyecto Riotinto project, in Spain. Copper production was 19 887 t for the first half of the year, compared with 17 863 t in the first half of 2017 – an 11% increase. The second quarter production at Riotinto was 10 446 t, which was the second-highest quarterly production on record.
Gran Colombia ups FY guidance
Published: 12 Sep 18
TSX-listed Gran Colombia has increased its gold production guidance for 2018 by between 10 000 oz and 20 000 oz, following a strong performance in the first eight months of the year. The company, which operates several underground mines at Segovia and Marmato in Colombia, produced 36% more gold in the first eight months of this year, than in the same period of 2017.
Toro tips cost savings at Wiluna
Published: 12 Sep 18
Uranium developer Toro Energy has flagged the potential for significant cost reductions at its Wiluna uranium project, in Western Australia, following leach testing results. The ASX-listed company on Wednesday said that the leach testing results far exceeded expectations with efficiencies, pulp densities and post leach liquor tenors significantly better than those from the initial beneficiation and process design studies.
Australian Potash gets licence for Lake Wells
Published: 12 Sep 18
ASX-listed Australian Potash has been granted a mining lease at its Lake Wells sulphate of potash (SOP) project, in Western Australia. “This is a major milestone on the approvals pathway and a significant step towards completion of the definitive feasibility study,” said Australian potash MD Matt Shackelton.
Northern Star backs Venturex plans
Published: 12 Sep 18
Junior Venturex Resources has struck a deal with shareholder Northern Star Resources which will see the gold miner advance a A$2-million unsecured loan for the definitive feasibility study (DFS) on the Sulphur Springs copper/zinc project, in Western Australia. The unsecured loan will have a 12 month term, and will accrue interest at 8% a year, payable in cash on the repayment of the loan.
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