Posted on

Golden Star boosts Ghana gold resources despite depletion

Golden Star Resources (TSX: GSC; NYSE: GSS) has increased its overall reserves by 6%, net of mining depletion. It offset a loss in reserves at its Prestea gold mine by adding reserves at its Wassa gold mine, both located in Ghana. In total the company has 19.4 million proven and probable tonnes grading 2.86 grams […]

Posted on

K92 Mining reports early result from Blue Lake prospect in Papua New Guinea

K92 Mining (TSXV: KNT) has intersected 175 metres of 0.28 gram gold per tonne and 0.22% copper from 259 metres downhole at its Blue Lake porphyry prospect, 4 km southwest of its Kora deposit at the Kainantu gold mine in Papua New Guinea. The hole ended in mineralization. The company discovered the prospect in 2017 […]

Posted on

Brazil's Vale slashes iron ore sales estimate after dam burst

Brazilian miner Vale SA on Thursday estimated selling up to 75 million tonnes less iron ore this year, after several mines were halted following its second deadly dam burst in less than four years. The estimate, which is 20 percent below its prior forecast, is the latest blow to Vale from the collapse at Brumadinho, […]

Posted on

Russia's Nornickel to spend $1.4B on two expansion projects

Russian nickel and palladium producer Norilsk Nickel (Nornickel) said it will invest up to 90 billion roubles ($1.4 billion) over four years in two major projects in Russia. The projects – expansion and reconstruction of the Talnakh ore concentrator and development of the South Cluster mine – come as Nornickel aims to ramp up nickel […]

Posted on

Chile's Codelco to boost production at El Teniente copper mine

Chile’s state miner Codelco, the world’s No.1 copper producer, plans to boost production at its El Teniente mine to more than 500,000 tonnes per year by 2025, a first in the operation’s history. The production increase would position the mine, which produced 465,000 tonnes of the red metal in 2018, among the world’s five largest […]

Posted on

Struggling small miners may lead to bigger industry woes

Small miners are finding it increasingly difficult to raise capital to fund new ventures despite the positive demand outlook for several commodities and a world still largely awash with cheap credit. The problems facing these ‘junior’ mining explorers may also have implications beyond a bunch of seemingly inconsequential companies struggling to progress. How they cope […]

Posted on

South African mining charter challenge dents Ramaphosa plans

South African mining companies are challenging parts of a government charter aimed at redistributing the country’s mineral wealth, saying it will deter new investment in the industry. The charter is in breach of a court order issued last April, which ruled that previous versions of the regulations didn’t require miners to top up black-shareholding levels […]

Posted on

Firestone Diamonds halts Liqhobong mine expansion plans, limits losses

Africa-focused Firestone Diamonds (LON:FDI) has put plans to extend the life of its 75%-owned Liqhobong mine in Lesotho in the back burner, saying that current market conditions don’t support the project. The company, which reported 2019 interim results on Thursday, managed to limit its losses in the six months to December 31, despite a global price […]

Posted on

Australia launches Critical Minerals Strategy 2019 focused on innovation and tech

The Federal Government of Australia launched today the Critical Minerals Strategy 2019 aimed at putting emphasis on what politicians call “the industries of the future.” In their view, these sectors include agritech, aerospace, defense, renewable energy and telecommunications. “We have some of the world’s richest stocks of critical minerals and while the market for some […]

Posted on

Walker River and Smooth Rock to join forces in Nevada gold-copper project

Canada’s Walker River Resources (TSXV: WRR) announced this week that it signed a letter of intent with Smooth Rock Ventures (TSXV: SOCK) to enter into an exploration agreement with option to form a joint venture on the Garfield Flats project, located in Mineral County, Nevada. The deal contemplates that Smooth Rock can earn an undivided 50% interest […]