Mining News
Test description
Test description
Test description
Test description
Test description
Wolf Minerals reports that tungsten prices improved in Q2 16 with the ammonium paratungstate (APT) price reaching US$225/mtu in May, up from an average of US$172/mtu for the March quarter. APT is the main traded intermediary tungsten product on which tungsten concentrate prices are based. The company notes, however, that the price remains some US$160/mtu […]
Global Resources Investment Trust says it has entered into a legally binding subscription agreement with RDP Fund Management LLP under which RDP has agreed conditionally to subscribe (subject to having the right to assign some or all of the right to subscribe) for a total of 40,000,000 new ordinary shares of GBP0.01 in GRIT (plus warrants) at […]
MNG Gold, a privately-owned Turkish gold exploration and development company focused on West Africa and Turkey, is to invest US$30 million in Aureus Mining to achieve a 55% interest in the company. The agreed price of 3.21p per share represents a premium of 22% to the closing price on AIM on 14 June. The funds […]
Further to its recent announcement of the selection of the main contractors for its of its North Yorkshire polyhalite project, Sirius Minerals Plc has concluded a new, 10-year offtake agreement with Yunnan Dian Huang Peony Industrial Group Co Ltd (Dian Huang), which is a producer of peony seed oil. The annual quantity covered by the […]
Polo Resources Limited has announced that its subsidiary Polo Investments Limited has given notice of its intention to exercise its right to purchase a further 49 per cent of Perfectus Management Ltd for A$3.0 million to be satisfied by the issue of 9,832,358 new ordinary shares in Polo at the price agreed in 2014 of 15p per […]
Rio Tinto plc has offered to purchase for cash up to US$3 billion of its 2018, 2020, 2021 and 2022 US dollar-denominated notes in an effort to reduce its debt position. The move follows the successful completion of cash tender offers launched in April to purchase US$1.5 billion of its 2017 and 2018 notes. The […]
Sirius Minerals Plc has selected the preferred contractors for key components of its North Yorkshire polyhalite project after a 19-month tendering process. Sirius has chosen AMC UK (a joint venture between Thyssen Group and Redpath Group) as the contractor for the design and build of mine site development, which includes all of the shaft construction […]
Kefi Minerals has reduced the estimated funding required to build a mine at its 100%-owned Tulu Kapi gold project, in Ethiopia, from US$145.0 million in the 2015 definitive feasibility study to US$131.7 million, principally through a change in the life-of-mine plan. With an open pit processing ore by conventional CIL at a revised rate of […]
Anglo Pacific Group PLC reported royalty income of £1.9 million in Q1 2016, down from £2.3 million in the previous year. However, the company expects the majority of its royalty income, similar to 2015, will be received in H2 2016. According to CEO, Julian Treger, “We continue to expect royalty income for 2016 as a […]
Gemfields plc achieved a record US$5.15 per carat for lower quality rough emeralds at its latest auction held in Jaipur, India, last week. The company sold 14 lots (out of 18 offered) comprising 2.78 million carats, representing 76% of gemstones offered. The auction raised revenue of US$14.3 million. The gemstones were mined by the company’s […]