Month: September 2018

Capital raising drops

The strength of equity markets is a barometer of investor confidence. The amount of capital raised through equity placement directly reflects the sentiment in the mining industry. Although 2018 is not over yet, it is a good time to take...

/ September 26, 2018

Blackham secures $23 million for Wiluna gold project

Australia’s Blackham Resources (ASX: BLK) today announced it has finalized a $23 million funding deal with New York- based fund manager, Lind Partners. The deal follows the the decision to restart open pit mining at Blackham’s historic Wiluna hub. The...

/ September 26, 2018

Denison Mines flags first deposit for ISR mining in the Athabasca basin

Denison owns 66% of Wheeler River (pictured), the largest undeveloped, high-grade uranium project in the eastern part of the Athabasca basin region in northern Saskatchewan, which consists of the Phoenix and Gryphon uranium deposits. (Image: Denison Mines.) Denison Mines (TSX:...

/ September 26, 2018

BGC Engineering’s ADA platform brings $900m mine remediation project to life, in 3D

BGC Engineering Inc. (BGC) and Crown-Indigenous Relations and Northern Affairs Canada (CIRNAC) recently used BGC’s Ada Platform (“Ada”) to provide residents with a 3D view of remediation work underway at the now closed Giant Mine near Yellowknife, Northwest Territories. Ada...

/ September 26, 2018

China copper smelters set Q4 treatment/refining charges lower than a year earlier

BEIJING, Sept 25 (Reuters) – China’s top copper smelters have set their floor treatment and refining charges (TC/RCs) for the fourth quarter at $90 per tonne and 9 cents per pound, two sources with direct knowledge of the matter said...

/ September 26, 2018

China Baowu Steel Group denies report about takeover of Magang – media

BEIJING, Sept 25 (Reuters) – China Baowu Steel Group said a media report that it is in talks to take over Magang group was not true, state media Shanghai Securities News reported on Tuesday. Top Chinese steelmaker China Baowu Steel...

/ September 26, 2018

South African phosphate miner plans London IPO by year-end – CEO

CAPE TOWN, Sept 25 (Reuters) – South African phosphate miner, Kropz, is on track to list on London’s AIM Stock Exchange by the end of the year as it prepares for first production from its main asset in 2019, its...

/ September 26, 2018

Anglo American becomes latest top miner to land in Ecuador

Diversified miner Anglo American (LON:AAL) has become the latest major miner to set foot in Ecuador by entering into an earn-in joint venture (JV) agreement with Canadian precious and base metals firm Luminex Resources (TSX-V: LR) which spun out of Lumina...

/ September 26, 2018

Once-bitten investors stay wary as gold-mining stocks get cheap

(Bloomberg) — Investors stung by the sell-off in gold are going to need more than cheap equities and stabilizing bullion prices to wade back into mining-company stocks. Bullion has slipped 7.9 percent this year as a stronger dollar and expanding...

/ September 26, 2018

Gold set to soar above $1,300 – Bank of America

Gold is set to surge over the next year as concerns deepen about the widening U.S. budget deficit and a tariff-driven trade war starts to damage the country’s economy, according to Bank of America Merrill Lynch. Bullion could average $1,350...

/ September 25, 2018

Mining tech firm Outotec to pull out of Iran

HELSINKI, Sept 24 (Reuters) – Finnish mining technology company Outotec will pull out of Iran due to the new U.S. sanctions, a company spokeswoman said on Monday. Outotec, which builds plants, makes equipment and offers services for the metal and mineral processing...

/ September 25, 2018

Great Panther acquires Brazil gold mine for $105 million

Great Panther Silver (NYSE: GPL) acquired Brazilian gold miner Beadell Resource in an all-share deal for $105 million. The combined entity will have three producing mines in three mining jurisdictions, and an advanced stage project. Great Panther, which expects to...

/ September 25, 2018