R/€ = 16.25 Change: 0.04
R/$ = 14.33 Change: 0.06
Au 1211.10 $/oz Change: 9.95
Pt 835.50 $/oz Change: 1.20

Creamer Media Reporter

Capstone streamlines organisational structure

9th November 2018 Base metals miner Capstone has announced reductions to its organisational structure, including changes to its senior executive team. The changes include eliminating 35% of positions from its head office in Vancouver, which would reduce corporate general and administrative expenses by about... 

Engineering News iPhone and Android Apps available for free download

9th November 2018 Creamer Media’s readers continue to be part of the mobile revolution.  Over 20% of Creamer Media’s online readers view the websites on their mobile devices. To cater for this growing mobile readership Creamer Media offers an Engineering News Online app for iPhone and Android users.  These apps... 

Talon has another go at Tamarack project

8th November 2018 A year after declining an option to purchase the Tamarak project in Minnesota, US, from Rio Tinto subsidiary Kennecott Exploration Company, Canadian firm Talon Metals has now entered into a new agreement to gain a controlling stake in the nickel/copper project. The TSX-listed junior has entered... 

Polymetal sells platinum exploration project

8th November 2018 Precious metals miner Polymetal has sold its Svetlobor platinum exploration project to a group of Russian buyers for $5.5-million in cash. The company bought the project in 2013 for $9.7-million in stock and subsequently wrote down its carrying value to $4-million on the back of modest... 

Kinross maintains FY guidance, appoints new chair

8th November 2018 Canadian company Kinross has maintained its production guidance for the year, despite producing fewer gold equivalent ounces (GEOs) in the third quarter, and also announced the appointment of a new chairperson to succeed John Oliver when he retires at the end of December. The... 

Alrosa recovers first large diamond from new deposit

7th November 2018 The newly commissioned Verkhne-Munskoe deposit, in western Yakutia, has yielded its first large diamond, Russian miner Alrosa reported on Wednesday, announcing the recovery of a 51.49 ct rough diamond. The transparent round-shaped octahedron crystal has an insignificant yellow hue and measures... 

Guyana Goldfields CFO takes medical leave

7th November 2018 TSX-listed Guyana Goldfields said on Wednesday that executive VP of finance and CFO Paul Murphy had taken a medical leave of absence and VP of finance, Christopher Stackhouse, had been appointed interim CFO. The board wished Murphy a speedy recovery and said that it had confidence in Stackhouse... 

Premier African Minerals’ shares fall on proposed restructuring

7th November 2018 Aim-listed Premier African Minerals’ share price on the LSE fell by 39% on Wednesday after it announced a proposed restructuring of its Zimbabwean minerals projects and a demerger. Premier plans to establish a new wholly-owned subsidiary Newco, into which it will consolidate its entire interests... 

Savannah shares up on new Portugal lithium discovery

7th November 2018 The share price of diversified junior Savannah Resources jumped 6% on Wednesday on news of three newly discovered pegmatites at the Pinheiro deposit at the Mina do Barroso (MdB) lithium project, in northern Portugal. Pinheiro is now the fourth major deposit in the mining lease and has the... 

Kibo welcomes Tanesco’s resumption of tender process

7th November 2018 Multi-asset energy company Kibo Energy on Wednesday welcomed the announcement by the Tanzania Electricity Supply Company (Tanesco) that it had resumed the tender process for certain energy projects in the country. Kibo on Friday said certain procedural amendments needed to be made to the process... 

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