Month: November 2018

Test mining at Madsen yields 56% more oz than predicted says Pure Gold

The management at Vancouver-based Pure Gold must be pleased with the results of test mining at the Madsen gold mine 16 km west of Red Lake. The test is complete having mucked 7,096 tonnes of mineralization from three separate stoping...

/ November 29, 2018

Rio Tinto to proceed with $2.6B iron ore mine in Western Australia

Nov 29 – World No. 2 iron ore miner Rio Tinto gave the long-awaited green light for a $2.6 billion iron ore mine in Western Australia, with first production expected within three years. The mine would have an annual capacity...

/ November 29, 2018

Metals Creek starts diamond drilling at Garrison project

Metals Creek Resources (TSXV: MEK) today announced that the company has begun diamond drilling on 10 patented mining claims on the Garrison project northeast of Kirkland Lake, Ontario. The Garrison Project is contiguous with Osisko Mining to the west, south...

/ November 29, 2018

Indian court panel says state government overreached by closing Vedanta smelter

* Plant shut in May after 13 people killed in protests * Vedanta not given notice, opportunity to explain its position * National Green Tribunal to give verdict on Dec. 7 NEW DELHI – An Indian court-appointed panel said on...

/ November 29, 2018

Australia's Fortescue readies first shipment of new mid-grade iron ore

PORT HEDLAND – Australia’s Fortescue Metals Group is set to ship the first cargo of its new mid-grade iron ore next month just as a rout in Chinese steel prices helps it improve its margins in competition with higher grade...

/ November 29, 2018

Strike shuts down operations at BHP’s Spence mine in Chile

Unionized workers at BHP’s Spence copper mine in Chile, on a strike since earlier this week over layoffs, said operations at the mine have been shut down ever since. The move followed the dismissal of 49 workers and eight supervisors,...

/ November 29, 2018

Condor Gold soars as its project in Nicaragua gets bigger

Shares in Condor Gold (LON:CNR) jumped Wednesday after the miner announced it had extended known targets and discovered new high-grade vein systems at its La India project in Nicaragua. The company said it was working to prove a 5-million-ounce gold district, adding...

/ November 29, 2018

Troilus Gold expands Quebec property to bring historic mine back into production

Emgold Mining (TSXV: EMR) just signed a purchase and sales agreement to sell its 100%-owned Troilus North property to Troilus Gold (TSE: TLG) for 3,750,000 Troilus Gold common shares and C$250,000 in cash. The sale is expected to be done...

/ November 29, 2018

M2 Cobalt advances exploration at Uganda mine

M2 Cobalt (TSXV: MC) is moving forward with the development of its Bujagali mine is south-central Uganda. In a media statement, the Vancouver junior said it mobilized a second drill rig and commenced drilling at its Bombo and Bombo NW...

/ November 28, 2018

Nevada Zinc starts PEA for Lone Mountain project

Nevada Zinc (TSXV: NZN) announced today that it has started a Preliminary Economic Assessment on its flagship Lone Mountain zinc project. The project is located in Eureka County, east-central Nevada, and it comprises 231 claims covering 1,619 hectares. Nevada Zinc...

/ November 28, 2018

Acacia Mining ends earn-in deal with Sarama in Burkina Faso

Tanzania’s Acacia Mining (LON:ACA) has ended an earn-in agreement with Canada’s Sarama Resources (CVE: SWA) over the South Houndé gold project in Burkina Faso to focus on core projects. Acacia and Sarama had originally agreed a deal which could have seen...

/ November 28, 2018

Tacora secures $212m cash to restart Scully mine

Minnesota- based Tacora Resources  has secured the needed cash to restart the Scully iron ore mine at Wabush, Newfoundland. Funds are available from a $212 million private equity and senior secured debt financing as well as up to $64 million...

/ November 28, 2018