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Dalradian considering ore sorting at Curraghinalt Dalradian considering ore sorting at Curraghinalt
Published: 18 Sep 17
Gold developer Dalradian Resources is considering investing in technology to separate high-grade gold from waste at the Curraghinalt project, in Northern Ireland, using ore sorting technology. The company recently had a bulk sample of 5 t of mineralised material grading 9.52 g/t tested by Outotec, in Germany, and was presented a “very good results”, Dalradian COO Eric Tremblay reported on Monday.
Davenport gains access to South Harz exploration database
Published: 18 Sep 17
Australian junior Davenport Resources has been issued a notarised certificate, which confirms its acquisition of three potash licences in the South Harz region of Germany and allows the company access to historic exploration data. Davenport MD Chris Bain said on Monday that its exploration team, in conjunction with its consultants, Ercosplan, had started collecting and analysing the information from the Mühlhausen-Nohra, Ebeleben and Ohmgebirge licences.
Black Mountain divests of silver assets to focus on vermiculite
Published: 18 Sep 17
ASX-listed junior Black Mountain Resources has divested of its non-core US silver assets, in a bid to focus its attention on its Namakara vermiculite mine, in Uganda. The company on Monday told shareholders that it had divested of its 70% stake in two prospective US silver mines in Montana and Idaho, in a deal struck with Texas Energy Advisors, worth A$70 000.
Avanco revises Jaguar deal
Published: 18 Sep 17
ASX-listed junior Avanco Copper has revised its agreement with TSX-listed Jaguar Mining over the CentroGold project, in Brazil. The two companies in 2016 entered into an A$8.45-million earn-in agreement under which Avanco could take full ownership of the project through various instalments.
Research consortium to spend A$14.6m on South Australian copper
Published: 18 Sep 17
he South Australian government will spend A$4-million over the next four years on a research consortium, led by the University of Adelaide, to develop advanced technologies to boost copper production and to develop a globally competitive mining technology services sector. The University of Adelaide will invest A$4.46-million in the consortium, with the remainder of the A$14.6-million funding coming from a range of mining and research partners.
Sumatra signs exploration deal at Tembang
Published: 18 Sep 17
ASX-listed Sumatra Copper & Gold has formed a strategic alliance with Indonesian gold producer Merdeka Copper Gold to extend the mine life and possibly increase production from the Tembang gold-silver operation, in Indonesia. Merdeka will fund ongoing exploration work at Tembang, spending an initial $1.5-million over the next six months. In turn, Sumatra will issue chess depository interests (CDIs) to Merdeka at a price representing the five-trading day volume-weighted average price of Sumatra shares prior to a formal agreement on exploration programme.
Gascoyne mandates banks for debt financing
Published: 18 Sep 17
Gold developer Gascoyne Resources has mandated the Commonwealth Bank of Australia and the National Australia Bank to arrange a debt facility of up to A$60-million to fund the development of the Dalgaranga gold project, in Western Australia. “Mandating tier 1 Australian lenders for the debt funding required for the development of Dalgaranga is a strong vote of confidence in the project and the work undertaken by the Gascoyne team since we finished the feasibility study in November last year,” said Gascoyne MD Mike Dunbar.
Ramelius buys Edna May from Evolution for A$90m
Published: 18 Sep 17
Gold miner Ramelius Resources has emerged as the victor in the bid for fellow-listed Evolution Mining’s Edna May mine, in Western Australia. Evolution last week told shareholders that the company was evaluating the sale of the Edna May gold mine, after receiving a number of offers from interested parties.
Gold miners rally against new WA gold royalty  Gold miners rally against new WA gold royalty
Published: 18 Sep 17
Western Australian gold miners on Monday rallied in Kalgoorlie to protest the state government’s plans to impose a new royalty on the gold sector. Treasurer Ben Wyatt earlier this month announced that a tiered royalty rate would be introduced from January 1, to assist the government in repairing the state’s finances.
African copper, nickel mines on Coal India radar as miner diversifies
Published: 18 Sep 17
Having decided to evolve into a diversified resource major from a pure play coal miner, Coal India Limited (CIL) has identified copper and nickel mines in Africa for its maiden overseas foray into noncoal minerals. KPMG has been appointed to prepare the roadmap that will see CIL emerge as a diversified mining company by 2030, following a Rio Tinto, Vale or BHP-type model. CIL will retain coal as a core business.
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