Gervaise Heddle, chief executive Greatland Gold plc (LON:GGP), updates Proactive Investors on developments across the company's portfolio of assets.Last week Greatland commenced the first drilling campaign at its 100%-owned Havieron licence in the Paterson region of Western Australia. Meet Peninsula Mines Ltd and Silver City Minerals Ltd at our event,Sydney, 07 May 2018.Register here >>Read More
Barry Downes, from Sure Ventures Plc (LON:SURE), talks Proactive's Andrew Scott through their first direct investment in the UK.The venture capital fund is putting ?500,000 into Immotion Group, a Manchester-based group that specialises in virtual reality cinema pods.Immotion's pods combine advanced sight, sound and multi-directional motion. Meet Peninsula Mines Ltd and Silver City Minerals...Read More
Iron ore operations in Brazil only expected to return in December quarterRead full newsRead More
(Bloomberg) - After two weeks of convulsions caused by U.S. sanctions against United Co. Rusal, the metals market was braced for more mayhem: many traders were betting the Russian aluminum giant was just days away from having to shut plants from Sweden to Jamaica.Then on Monday, the U.S. Treasury threw a potential lifeline by making clear it's not pushing for the company's collapse."The U.S. gove...Read More
MELBOURNE, April 24 (Reuters) - New Century Resources has signed a deal to supply zinc to global trader Concord Resources Ltd, as it pushes to sell the final portion of production planned at its site in northern Australia, the company said on Tuesday.In the miner's fifth supply deal, Concord will take approximately 5 percent of production when it begins in the third quarter at the Century Zinc Min...Read More
Mr. Stephen Nano reports MIRASOL REPORTS START OF US$ 750,000 EXPLORATION PROGRAM AT THE ZEUS GOLD PROJECT WITH NEWCREST MININGMirasol Resources Ltd. and Newcrest Mining have initiated a $750,000 (U.S.) surface exploration program at the Zeus project to explore for a large high-sulphidation epithermal (HSE) gold deposit within the prospective Mio-Pliocene age belt of Northern Chile. Zeus comprises...Read More
HAVANA, April 24 (Reuters) - Cuba forecasts nickel plus cobalt sulfide production will exceed 50,000 tonnes this year even as prices rise, the head of the country's state monopoly Cubaniquel was quoted by local media as stating on Tuesday.Nickel is one of the cash-strapped Communist-run country's most important exports, but revenue from it has suffered in recent years due to a decline in productio...Read More
DAKAR, April 24 (Reuters) - Congo's state miner Gecamines is starting legal proceedings to dissolve its Kamoto copper and cobalt joint venture with a subsidiary of Glencore, blaming the commodities giant for high debts that have weighed on the mine for more than 10 years.Gecamines said on Tuesday that debts owed by Kamoto to Glencore and its subsidiaries at the end of 2017 topped $9 billion. It sa...Read More
SANTIAGO, April 24 (Reuters) - The union of workers at BHP's Escondida copper mine in Chile, the world's largest, told Reuters on Tuesday it had made little progress on an early contract deal with management, making it "highly likely" that no agreement would be struck before official talks begin in June.The union accepted an offer to begin early negotiations with the Anglo-Australian miner in Marc...Read More
STOCKHOLM, April 24 (Reuters) - Swedish engineering group Sandvik beat first-quarter operating earnings expectations on Tuesday boosted by strong results in its metal-cutting tools business, the group's main profit generator. But results in its mining gear business were slightly weaker than anticipated, taking some of the shine off the overall beat and sending shares lower after an initial rise.At...Read More
David Bramhill, executive chairman of Union Jack Oil PLC (LON:UJO), brings Proactive's Andrew Scott up to date on the latest developments in the portfolio.Bramhill says their 20% owned Fiskerton Airfield Oilfield project has resumed production, meanwhile, new efforts to secure planning permission for the Wressle field are also advancing. Meet Peninsula Mines Ltd and Silver City Minerals Ltd...Read More
KIBALI, DRC / ACCESSWIRE / April 23, 2018 / The successful commissioning of the automated materials handling system at Kibali gold mine's underground operation is supporting the planned ramp-up in production, Randgold Resources' chief executive Mark Bristow said here today.Bristow told a briefingRead full newsRead More
KIBALI, DRC / ACCESSWIRE / April 23, 2018 / The successful commissioning of the automated materials handling system at Kibali gold mine's underground operation is supporting the planned ramp-up in production, Randgold Resources' chief executive Mark Bristow said here today.Bristow told a briefingRead full newsRead More
Barrick Gold Corp said on Monday it was done selling assets to cut debt and would instead use funds from future sales for growth or to pay dividends, as it looks set to lose its rank as the world's biggest gold producer due to declining production.Read full newsRead More
ROUYN-NORANDA, Qu?(C)bec, April 23, 2018-- GLOBEX MINING ENTERPRISES INC. is pleased to announce that it has purchased a 2% Net Smelter Royalty on three claims that constitute the Kewagama Gold Mine Property ...Read full newsRead More
There's 80 times as much gold in one ton of cellphones as there is in a gold mine, says Federico Magalini, an expert on electronic waste. That means there's enormous potential for recycling - and yet most of us keep our old electronics at home. Lately, there's been a lot of interest in old electronics. Last week, Apple debuted Daisy, a robot that disassembles old iPhones to recycle the materials i...Read More
KIBALI, DRC / ACCESSWIRE / April 23, 2018 / The successful commissioning of the automated materials handling system at Kibali gold mine's underground operation is supporting the planned ramp-up in production, Randgold Resources' chief executive Mark Bristow said here today.Bristow told a briefingRead full newsRead More
The International Mining and Resources Conference (IMARC) is where global mining leaders connect with technology, finance and the future. Now in its 5th year, it has become Australia's largest mining conference bringing together over 5000 decision makers, mining leaders, policy makers, investors, commodity buyers, technical experts, innovators and educators from over 90 countries for four days of...Read More
"MD of Western Areas Dan Lougher quite rightly citing stainless steel growth as the fundamental driver of the #nickel price in 2018. EV battery demand is just the cherry on top ???' https://t.co/vMnLuQwlYQ"Read full newsRead More
Anglo American (LON:AAL) won't resume production at its massive Minas Rio in Brazil until the fourth quarter of 2018 due to two pipeline leaks that forced it to halt operations in March, and which will cause the miner an annual group earnings (EBITDA) loss of $300 to $400 million.The announcement is the last of a string of difficulties Anglo has faced with the mine, which was expected to produce...Read More