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Creamer Media Reporter

First Quantum and Lumina make Ecuador earn-in formal

21st June 2018 Copper miner First Quantum Minerals (FQM) has signed a formal earn-in agreement with Vancouver-based junior Lumina Gold to earn into the Orquideas and Cascas gold/copper concessions in Ecuador. In terms of the previously announced five-year agreement, FQM has committed to contribute $1.5-million... 

$14m Sprott loan to reboot Alderon’s Kami project

21st June 2018 TSX-listed Alderon Iron Ore has entered into an agreement with Sprott Resource Lending for a $14-million loan facility, which will provide the junior with sufficient funds to repay a loan due to Liberty Metals and Mining and provide additional runway to reboot the Rose deposit of the... 

Serabi reports fatality at Brazil mine

20th June 2018 Dual listed Serabi Gold on Wednesday reported that a worker had died in a mining accident at its Sao Chico mine, in Brazil. The accident, which happened during the weekend, involved the operation of one of the underground loading machines. 

Alrosa to lower production at International underground mine

20th June 2018 Russian mining major Alrosa has revised the production plan of its International underground mine, near Mirny, as it takes a tougher stance on health and safety management. The production plan for 2018 remains unchanged at 36.6-million carats, but under the revised plan for 2019 to 2022, output... 

China Nonferrous Gold signs Pakrut mining contract

20th June 2018 Aim-listed mineral explorer China Nonferrous Gold (CNG) has awarded the contract for first-stage mining of its Pakrut gold project, in Tajikistan, to local contractor Wenjian. The contract, worth about $7.56-million, is a tolling arrangement that is payable in accordance with each stage of... 

Herencia chairperson steps down

20th June 2018 Chilean explorer and developer Herencia Resources on Wednesday announced the resignation of its chairperson Peter Reeve with immediate effect. The Aim-listed company, which owns the Pichachos, Guamanga and La Serena projects in Chile, said that new nonexecutive director Carl Dumbrell would be... 

Sibanye-Stillwater appoints safety exec, to fund study to enhance risk management

20th June 2018 Following a spate of fatalities at its South African mines this year, Sibanye-Stillwater has committed to funding an independent study, to be conducted by a visiting academic at the University of the Witwatersrand (Wits), with the aim of developing practical recommendations for enhancing risk... 

Gold anomaly of over 8 km identified at GoldStone’s Akrokeri-Homase project

20th June 2018 Aim-listed GoldStone Resources has identified a larger than 8 km gold-in-soil anomaly at its Akrokeri-Homase gold project, in South-West Ghana. The gold-in-soil anomaly, which runs from the historic Akrokeri underground mine to north of the Homase openpit, was identified following a review of the... 

Latest tender nets $32.48m for Lucara

20th June 2018 Lucara Diamond Corp’s twelfth exceptional diamond tender has earned it $32.48-million, with one 327.48 ct diamond sold for $10.1-million, or about $30 900/ct. The company, which operates the Karowe mine, in Botswana, put ten single diamonds, ranging in size from 40.4 ct to 472.37 ct, up for tender. 

Nevada Copper reports solid progress at Pumpkin Hollow

20th June 2018 Early construction works continue to ramp up at the Pumpkin Hollow underground project, while an optimisation study for the openpit is progressing and expected to be released in the coming months. In an operations update on Tuesday, TSX-listed Nevada Copper reported that work was continuing on... 

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