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Canadian miner-producer Almonty Industries is targeting the Sept 2023 qtr for reopening its Los Santos tungsten mine in western Spain from about three years on care and maintenance.
Almonty aims, at under $US1.3M cost, to capture more than 800,000mtu WO3 using flotation technology to retreat Los Santos tailings.
Chairman-president-CEO Lewis Black says the process developed for its Sandong project in South Korea can commercially...
Explorer Nova Minerals has confirmed the technical and financial robustness of a commercial mining operation in a Phase 2 scoping study at its flagship Estelle gold project in Alaska, USA.
The study, based on openpit truck and shovel mining of higher-grade material from 3 of Estelle’s 4 resource deposits, outlines average 132,000ozpa gold production at AISC of $US1,149/oz over 17 years-plus, for total LOM output of 2.25Moz.
Pre-...
The proposed merger of world No 1 miner Newmont and Australian leader Newcrest Mining is back on, with the boards of both companies entering a binding scheme implementation deed on a $A26.2B deal.
The agreement comes after Newmont lifted its offer to 0.4-for-1 shares for 100% of Newcrest shares while allowing Newcrest to also pay a special dividend of up to $US1.10ps.
Newcrest chairman Peter Tomsett says the combination of two of the world’s...
LME ($US) 3-month closing prices, May 14 –
Copper 8,243.00
Aluminium 2,244.50
Zinc 2,554.50
Nickel 22,210.00
Lead 2,073.50
Tin 24,895.00
NASDAQ ($US) closing prices, May 12 –
Palladium Jun 1,513.80
Platinum 1,067.00
Copper 3.7285
Silver 24.154
Gold 2,019.80
NYMEX ($US) 62% Fe CFR China, market close, May 12 –
Iron ore 105.16
Broker - START THE WEEK: CALENDAR (May 14-21)
Holidays –
May 15: Fiji (Day Off for Girmit Day)
May 15: Iran (Martyrdom of Imam Sadeq)
May 15: Liberia (Day Off for National Unification Day)
May 15: Malawi (Day Off for Kamuzu Day)
May 15: Paraguay (Independence Day)
May 16: South Sudan (Sudan People’s Liberation Army Day)
May 17: Congo-Kinshasa (Liberation Day)
May 17: Nauru (Constitution Day)
May 17: Norway (Constitution Day)
May 17: Thailand (Royal Ploughing Ceremony Day)
...
The transition of mining from Phase 2 to Phase 3 of the West pit at its San Albino mine has lowered Nicaragua specialist Mako Mining’s March qtr (Q1FY2023) production to 8,374oz gold equivalent, down from 10,091oz in the previous period.
CEO Akiba Leisman says Mako achieved the milestone of operating at 20% above nameplate capacity in Q1, consistently operating at 600tpd.
Production from the high-grade Phase 3 West pit will be...
Company - Mako Mining Corporation
Vancouver-based company focused holding production, development and exploration projects in Nicaragua
Yukon Territory miner Minto Metals has suspended operations and handed effective control of its 100%-owned Minto copper mine to the government of the Canadian territory to tackle environmental threats arising from water storage issues.
The move follows a government report last month accusing the company of contravening its water licence conditions and ordering it cease deposition of tailings due to high water volumes ahead of the spring...
Australian independent miner Bowen Coking Coal has been given federal environmental clearance to begin construction and operation of its proposed 500,000tpa Isaac River metallurgical coal mine in central Qld’s Bowen Basin.
Exec chairman Nick Jorss says the mine 28km E of Moranbah’s JORC resource of 8.7Mt will meet rapidly growing demand for energy and steelmaking coal to meet the global drive to decarbonise.
Together with its with...
Highly rated West Australian explorer Chalice Mining has strengthened its balance sheet to further ramp up exploration activities at its 100%-owned Julimar nickel-copper-PGE project through a $A70M private placement of shares at $7.30ps.
Chalice says the placement to “a select group” of major institutions and significant existing shareholders will be followed by a $10M share purchase offer at the same price to eligible shareholders....