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Brierty suspends work at Rio's Western Turner Syncline
Published: 21 Jun 17
Contract mining has been suspended at mining major Rio Tinto’s Western Turner Syncline Stage 2 iron-ore project, in the Pilbara. Mining contractor Brierty said on Wednesday that the company had received a notice of default from Rio Tinto, with the diversified miner raising safety concerns.
Senegal validates Woodside claim
Published: 21 Jun 17
Australian oil and gas producer Woodside’s play in Senegal has been validated after that country’s Minister of Energy and the Development of Renewable Energy issued a Ministerial order confirming that the ASX-listed company is a participant in the SNE oilfield, offshore Senegal. Fellow-listed FAR earlier this month made claims that the Senegalese government had not approved a $350-million deal struck between Woodside and ConocoPhillips, which would saw the Australian firm acquire ConocoPhillips' interest in Senegal.
India seeks to extend LNG, energy cooperation with Qatar
Published: 21 Jun 17
Despite Qatar being pushed into diplomatic and economic isolation by its neighbours, India is deepening economic cooperation in liquefied natural gas (LNG) and energy with new proposals and initiatives. The Indian government has proposed a fresh long-term LNG purchase agreement, while the Qatari government has agreed to open up new trading points now that several of the major ports in the region have been put out of its bounds.
Galane, Vantage extend date by which binding acquisition agreement to be signed Galane, Vantage extend date by which binding acquisition agreement to be signed
Published: 21 Jun 17
TSX-V-listed miner Galane Gold and South Africa-focused Vantage Goldfields have agreed to extend the date by which a binding acquisition agreement between the parties will be executed to June 26. The miners in May signed a letter of intent (LoI) agreeing that Galane acquire all of Vantage’s outstanding shares.
Chamber of Mines meets ANC over Mining Charter
Published: 21 Jun 17
The Chamber of Mines said on Tuesday, that a group of its office bearers met a delegation from the African National Congress (ANC) led by secretary general Gwede Mantashe, at the Chamber’s request, to discuss the impasse of the Reviewed Mining Charter. Last week, the Chamber vehemently rejected the 2017 Reviewed Mining Charter gazetted by the minerals minister Mosebenzi Zwane, saying that the Department of Mineral Resources (DMR) had not had meaningful consultation before the introduction of some of the items, and thus it would approach the courts to stop the department from implementing it.
Pallinghurst lowers acceptance condition for Gemfields takeover
Published: 21 Jun 17
Pallinghurst Resources on Wednesday lowered the minimum acceptances required for its proposed takeover of Gemfields from 75% to 60%. The company had received valid acceptances from shareholders holding about 14.16% of Gemfields shares, which, with its own Gemfields shareholding of 47.09%, pushed the total to 61.25%, making the offer unconditional.
Russia's Rusal may cancel Paris listing, head to London – sources
Published: 21 Jun 17
Russian aluminium producer Rusal is considering cancelling its Euronext listing in Paris and instead moving to a technical listing in London, two sources close to the company said. The move would not require new shares to be placed.
Varley quits Rio board after UK charges the former Barclays CEO Varley quits Rio board after UK charges the former Barclays CEO
Published: 21 Jun 17
John Varley has resigned as a nonexecutive director from the board of mining major Rio Tinto after the UK Serious Fraud Office charged Varley and three others with conspiracy to commit fraud. Two counts of conspiracy to commit fraud by false representation, and one of providing unlawful financial assistance were levelled against Varley.
RNC declares commercial production at Beta Hunt mine in Australia
Published: 21 Jun 17
TSX-listed copper and gold producer RNC Minerals has declared commercial production at the Beta Hunt mine, in Western Australia. The Toronto-headquartered company announced on Tuesday that Beta Hunt has met the commercial criteria of producing at least 3 500 oz of gold over a one-month period, which is equal to an annualised production rate of 42 000 oz.
Nevsun restarts copper concentrate sales
Published: 20 Jun 17
Base metals producer Nevsun Resources has resumed sales of copper concentrate produced from primary ore at the Bisha mine, in Eritrea. The Vancouver-based miner reported on Tuesday that it has sold and shipped 5 800 t of concentrate to an international trader on competitive commercial terms.
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