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African metals recovery specialist Jubilee Metals Group is confident the completion of a £39.5M investment program over the past 12 months will enable it to meet its 44,000ozpa PGM production target wholly from its 100%-owned Inyoni PGM and chrome operations in South Africa.
The increase in Inyoni’s capacity from its previous 30,000ozpa design capacity replaces Jubilee’s reliance on its existing PGM recovery joint...
Australian explorer Mallee Resources has made the transition from care and maintenance to operational status at its Avebury nickel mine in W Tasmania, with the first development cuts drilled and blasted and mining commenced.
Mallee has paid the environmental bond and submitted operational plans to the state regulatory bodies following the $A85.9M acquisition of the project near Zeehan from creditors of the failed former owner ...
Gold producer Wiluna Mining is targeting full production rate of 110,000-120,000ozpa by end-CY2022 as it continues the ramp-up of the Stage 1 concentrator at its 100%-owned mine in Western Australia’s Northern Goldfields.
The concentrator has outperformed its 750,000tpa nameplate capacity, achieving up to 900,000-950,000tpa with minor impact on recoveries, and produced about 16,000oz gold in concentrate since it begin ramping up on Jan...
The continuing political uncertainty in Guinea following the military junta takeover late last year has led Australian coal explorer/producer Terracom to withdraw from all activities in the West African country.
TerraCom signed an exclusive non-binding MoU with failed owner Bellzone Mining over the potential multi-billion tonne Kalia iron ore project in mid-2021 as part of a business diversification...
Company - Southern Cross Gold Ltd
Melbourne-based company focused on gold and antimony exploration in Victoria, Australia.
May 2022: Listed on ASX after $A9.1M IPO
West Australian explorer/developer Classic Minerals has completed the interrupted bulk sample mining operation at its 100%-owned Kat Gap gold project, with total production of 1,011oz from 6,504t mined @ 4.82g/t.
The operation, interrupted for 7 months by weather, was expected to produce 5,000-7,000t @ about 5g/t.
The company is conducting advanced metallurgical testing of the oxide ore while geological and engineering studies are...
Cyprium Metals has lifted contained copper resources at its last year acquired Nifty copper mine in Western Australia 28.4% to 940,200t in its latest updated mineral reserve estimate (MRE).
Total oxide MRE increased to 16.1Mt at 0.9% Cu for 144,300t contained copper metal, providing further near surface inventory for the Nifty phase-1 oxide copper project. Latest drilling has confirmed copper mineralisation remains open to the SE and...
LME ($US) 3-month closing prices, May 15 –
Copper 9,212.50
Aluminium 2,828.00
Zinc 3,539.50
Nickel 27,375.00
Lead 2,078.00
Tin 33,800.00
LME ($US) precious spot closing prices, May 15 –
Gold 1,809.30
Silver 20.97
NASDAQ ($US) closing prices, May 13 –
Copper 4.175
Gold 1,808.20
Palladium 1,917.70
Platinum 930.70
Silver 21.001
NYMEX ($US) 62% Fe CFR China, market close, May 13...
START THE WEEK: WHAT YOU NEED TO KNOW
It’s taken the shock of seeing South Africa plunge to the bottom 10 of mining investment jurisdictions in the 2021 Fraser Institute global survey, but President Cyril Ramaphosa has now acknowledged the country once seen as a world leader needs an urgent change of direction.
The South African Minerals Councils hailed Ramaphosa’s speech as a highlight of last week’s Investment in African Mining Indaba in...
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May 16: Malawi (Day Off for Kamuzu Day)
May 16: Mongolia (Great Buddha Day)
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May 16: Singapore (Day Off for Vesak Day)
May 16: South Sudan (Sudan People’s Liberation Army Day)
May 16: Sri Lanka (Day After Vesak Full Moon Poya Day)
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May 17: Congo-Kinshasa (Liberation Day)
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