Cadence Minerals is about to buy a portion of Bacanora Minerals

David McHutchon | August 21, 2017
img0 Image: shkolazhizni.ru Cadence Minerals PLC is looking to sell a “material portion” of its stake held in London-listed Bacanora Minerals Ltd, having failed with its bid to merge with the company last year following a strong rejection by Bacanora, said Alliance News. Cadence said a single strategic investor group has approached the firm about buying part ...

Savannah Resources finished the first phase of exploration at its Mina do Barroso lithium project

David McHutchon | July 4, 2017
img0 Aim-listed Savannah Resources has completed the first phase of exploration at its Mina do Barroso lithium project, in Portugal. The programme was aimed at defining the extent of the lithium-bearing pegmatites in preparation for drilling. Savannah Resources plc (AIM: SAV), the AIM quoted resource development company, announced that the first phase of the exploration programme aimed ...

Rio Tinto confirmed the sale of its Coal & Allied Industries Limited to Glencore

David McHutchon | June 26, 2017
img0 The Rio Tinto board today confirmed its recommendation that shareholders vote in favour of the sale of Rio Tinto’s wholly-owned subsidiary Coal & Allied Industries Limited (“C&A”) to Yancoal Australia Limited (“Yancoal”). The recommendation follows consideration by the board of a revised offer from Glencore plc received on 23 June 2017, and a revised offer ...

RTB Bor is close to its potential investor

David McHutchon | April 11, 2017
img0 Image: energovg.rs Serbia’s economy ministry is close to signing an agreement for the sale of copper miner and smelter RTB Bor to one of the largest Chinese mining companies, said seenews.com with reference to Serbian media reports.  The government is in intensive talks with Chinese companies for the privatisation of RTB Bor under a model similar to ...

Auroch Minerals buys 75% in the copper-zinc project Bolt in Portugal

David McHutchon | March 29, 2017
img0 Auroch Minerals Limited has announced a new joint venture to  earn  up  to  75%  of  the  Alcoutim  Project in  south-eastern Portugal located immediately along strike from  Neves Corvo Mine in the  Iberian Pyrite Belt (IPB), mining-technology.com reported.  The Alcoutim Project builds  the company’s  exploration  focus  on  metals  that  are  crucial  to  the  renewable  energy  markets  ...

Aurion Resources completed the purchase of two gold projects in Finland

David McHutchon | March 21, 2017
img0 Aurion Resources Ltd. (TSX VENTURE:AU) reported it has completed the purchase of the Kaaresselkä and Kiekerömaa gold projects from Tertiary Minerals plc, following the transfer of the Exploration Licences from Tertiary to Aurion by the mining division of the Finnish Safety and Chemical Agency (Tukes) and exchange approval by the TSX-V. The projects were purchased for ...

Glencore sells African zinc assets to Trevali and gets offtake from all byuer’s mines

David McHutchon | March 14, 2017
img0 Glencore announced that it has entered into a definitive agreement with Trevali Mining Corporation, whereby Trevali will purchase Glencore’s 80% interest in the Rosh Pinah mine in Namibia and 90% interest in the Perkoa mine in Burkina Faso. The aggregate consideration is US$400 million, of which US$244 million is to be paid in cash, with ...

Nevsun Resources intersected high grade gold-copper zones

Irina Dorokhova | March 2, 2017
img0 Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT:NSU) announced new assay results from on-going infill drilling of the Upper Zone at the Company’s Timok copper-gold project in Serbia. Drilling continues to confirm continuity and the high-grade nature of the Upper Zone New massive and semi-massive sulphide intersections include: 14.58% Cu and 12.9 g/t Au over 67.5m, within ...

AMC Consultans CEO specified mining future technologies

David McHutchon | November 23, 2016
img0 Image: mining3.com Veteran mining figure and keen observer of the industry’s history, AMC Consultants chairman Peter McCarthy said Mining Journal, that mining equipment and methods haven’t changed much for decades but cost, investment, environmental and regulatory pressures are growing and the need for a step-change in approach is near a critical juncture. “Three major manufacturers ...

Centerra Gold and Thompson Creek completed the merging

MINEX Forum | October 24, 2016
img0 Image: http://berlek-nkp.com Centerra Gold Inc. (TSX:CG) and Thompson Creek Metals Company Inc. (“Thompson Creek”) (TSX:TCM) (OTCQX:TCPTF) announced that they have completed the Plan of Arrangement previously announced on July 5, 2016, pursuant to which Centerra acquired all of the issued and outstanding common shares of Thompson Creek, Centerra reported. Under the terms of the arrangement, all ...