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Precious Metals Lead Commodities Higher, Boosting Mining Stocks in Wake of Brexit
July 6, 2016
Precious metals led commodities higher, boosting mining stocks, on speculation central banks in some of the world’s leading economies will step up monetary stimulus in the wake of Britain’s decision to leave the European Union. Silver touched a two-year high
Aussie Gold Sits Above A$1770 an Ounce
July 1, 2016
Spot gold has climbed 0.6 percent to US$1320 an ounce by 1pm Sydney, Australia, time. Overnight in New York, gold for August delivery was softer as investors unwound some of their gold positions. Gold though priced in Australian Dollars continues
Metaliko Resources Gearing Up to Monetize Bronzewing Milling Facility, Western Australia
July 1, 2016
Metaliko Resources Ltd is set to monetize its Bronzewing Milling Facility in Western Australia after inking a deal with a third party to lease the facility for up to three years. Bronzewing Mill is part of the Yandal Project in
Hebei Zhongheng Tianda Platinum to Acquire Crocodile River Mine for $50 Million, South Africa
June 30, 2016
Hebei Zhongheng Tianda Platinum Co. Limited (HZT) will acquire Eastern Platinum Limited‘s South African subsidiary, Barplats Mines Limited, which holds the Crocodile River Mine, and associated intercorporate investments and loans, for total consideration of US$50 million payable in cash on
Cancana JV Enters Into Contract to Construct 50,000 Tonne Pilot Processing Plant, Brazil
June 30, 2016
Cancana Resources Corp. and its joint venture partner Ferrometals BV, together Brazil Manganese Corporation (BMC), have engaged engineering and consulting firm Kuttner to construct a 50,000 tonne per year pilot processing plant. BMC has entered into a contract with Kuttner
East Africa Metals Initiates Mine Permitting for Terakimti Oxide Gold Project, Ethiopia
June 30, 2016
East Africa Metals Inc. has initiated the mine permitting process for the Terakimti Oxide Gold Project at the company’s 70 percent owned Harvest Project located in the Tigray region of Ethiopia. The recent metallurgical test work results combined with previously
White Rock Minerals Secures Funding to Advance Mt. Carrington Gold-Silver Project, NSW
June 29, 2016
White Rock Minerals Ltd has signed a term sheet with New York based private equity firm Cartesian Royalty Holdings LLC for a two pronged financing for the Mt Carrington gold-silver project in New South Wales. Under the term sheet, which
Manas Resources to Acquire Victoria Gold Field Project for $4 Million, Tanzania
June 29, 2016
Manas Resources Ltd has signed a binding agreement to acquire the well located Victoria Gold Project in Tanzania for US$2 million cash and US$2 million in shares. The project’s licenses are strategically located near several established gold mines in the
Caravel Minerals Completes Scoping Study for Calingiri Copper Project, Australia
June 29, 2016
Caravel Minerals Ltd has released strong margins from scoping study for future production from the Calingiri Copper Project, forecasting a life of mine after-tax cash surplus of $1.5 billion. The mine would become a low cost (US$1.50 a pound), mid
Seven Mining Workers Freed After Being Kidnapped in Nigeria
June 29, 2016
An Australian mining company says seven of its workers who were kidnapped in south-eastern Nigeria last week have been freed. McMahon Holdings said three Australian workers were released along with a South African national, a New Zealander, and two Nigerians.
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