R/€ = 14.65 Change: 0.16
R/$ = 12.52 Change: 0.06
Au 1292.14 $/oz Change: -0.74
Pt 901.50 $/oz Change: -0.19

Creamer Media Reporter

Orion appoints mining engineer as nonexecutive director

18th April 2018 ASX- and JSE-listed Orion Minerals, which is developing the Prieska base metals project in South Africa’s Northern Cape, has appointed Michael Hulmes as nonexecutive director. Hulmes is a mining engineer with over 30 years’ senior executive, management 

Pallinghurst receives A$83m following Jupiter IPO

18th April 2018 JSE-listed Pallinghurst Resources has received A$83.1-million following the relisting of Jupiter Mines on the ASX on Wednesday. Jupiter in March announced its plans to relist on the ASX through an initial public offering (IPO) to new investors of up to 600-million shares at A$0.40 a share, to... 

Maiden resource announced at Connemara’s Stonepark JV

17th April 2018 Irish gold and zinc explorer Connemara Mining has announced a maiden inferred resource estimate at its Stonepark zinc project, in Limerick. The joint venture (JV) project between Group Eleven (76.56%) and Connemara (23.44%) has a mineral resource estimate of 5.3-million tonnes, grading 11.15%... 

Beowulf inks graphite collaboration deal with Finnish university

17th April 2018 Aim-listed Beowulf has signed a graphite collaboration agreement with Åbo Akademi University, formalising an agreement that the company has forged with the university, in Turku, Finland, over several years. The agreement is focused on knowledge sharing, the identification of graphite prospects,... 

Alrosa switches to cheaper fuel sources to cut operating expenses

16th April 2018 The conversion of boiler houses and power plants to alternative fuels is expected to reduce the operating expenses of Russian miner Alrosa by about 5.3-billion roubles over the next ten years. In an update on Monday, Alrosa said that it would build a gas boiler-house in Almazny settlement in the... 

Galantas secures further loans for Omagh development

12th April 2018 Aim- and TSX-V-quoted Galantas Gold has secured more funds for the further development of its Omagh mine, in Northern Ireland. The firm’s operating subsidiary, Flintridge Resources, has signed a concentrate prepayment agreement, or loan facility, for $1.6-million with Ocean Partners UK and... 

Horizonte secures key water permit for Brazil nickel project

11th April 2018 The granting of a water permit for industrial water consumption at Aim- and TSX-listed Horizonte’s Araguaia project, in north-eastern Brazil, has brought the nickel project one step closer to its objective of being “construction ready” by the end of this year. The water licence, granted by the... 

Kibo to raise cash for expedited Botswana coal-to-power study

10th April 2018 Aim-listed energy and resource company Kibo Mining said on Tuesday that it would raise capital to expedite its feasibility study for its coal-to-power project in Botswana and also announced changes to its board and management. Kibo said that it had received commitments to raise £1.5-million by... 

Manufacturing and construction to benefit from renewables

10th April 2018 South Africa’s manufacturing and construction industries stand to benefit from renewed momentum of the renewable energy programme, following the recent conclusion of power purchase agreements (PPAs) for 27 projects procured under the Renewable Energy Independent Power Producer Procurement... 

Alrosa sells $559.5m worth of diamonds in March

10th April 2018 Russian diamond miner Alrosa sold $559.5-million worth of rough and polished diamonds in March, an increase on February’s sales of $541.9-million, despite a slight seasonal cooling off in demand during the month. Deputy CEO Yury Okoemov said in a statement that auctions of diamonds larger than... 


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