Search
Japan’s Mitsubishi Corporation has entered negotiations with explorer Magnum Mining & Exploration on an offtake and trading agreement for production from the Buena Vista magnetite project in Nevada, USA.
The 3-year MoU will lead to negotiations with the Mitsubishi Ferrous Raw Materials division covering direct shipping ore and iron concentrates, biochar, HIsmelt pig iron and slag as well as steel plant wastes and...
Go-it-alone Australian lithium developer Liontown Resources has awarded a full openpit mining services contract for the Kathleen’s Corner and Mt Mann deposits at its 100%-owned Kathleen Valley project in WA to Iron Mine Contracting.
The 3-year contract is valued at about $A240M for private contractor Iron Mine, which has been performing excavations, haul road constructions and pit dewatering at the two deposits since Jan 2023.
...
Philippines gold producer Metals Exploration has suspended operations for 24 hours at its 100%-owned Runruno mine on Luzon following the death of an employee on the morning of June 9.
Metals Exploration says the incident was not related to its operational activities. Philippines authorities are conducting mandatory investigations, but it understands no other parties were involved and it is not being treated as an industrial incident.
World-leading titanium dioxide pigments and sponge manufacturer LB Group will fully fund the development of Capital Metals’ Eastern Minerals mineral sands project in Sri Lanka under a 50-50 JV agreement.
The Chinese giant will meet the estimated $US81M cost of developing the high-grade resource to produce an average 163,000tpa heavy minerals, with any further expansion to be jointly funded.
LB will acquire all the...
Company - Capital Metals plc
UK-based company focused on mineral sands development in Sri Lanka
World No 1 silver producer Fresnillo will continue its deeper analysis of the Mexican government’s newly enacted mining law reforms, while repeating its initial opinion that it does not expect any material on its current mining and advanced exploration projects.
Fresnillo, also Mexico’s largest gold producer, calls for the national government to clarify some aspects of the new law through guidance and/or complementary regulations. It’s...
A $US300M advance on future gold purchases by major shareholder Quantum Metal Recovery will enable developer Besra Gold to fully fund development of its 3Moz-plus Bau project in East Malaysia.
Besra believes the facility is one of the largest deals of its kind for an ASX junior company. The monthly payments of up to $10M, should remove the need for dilutive equity funding and project or corporate debt for development of...
West Australian silica sand explorer VRX is expanding the future production assets pipeline at its Arrowsmith project, announcing an inferred 523Mt @ 97.3% SiO2 resource at the new Arrowsmith Brand deposit.
The new resource is contiguous to Arrowsmith North, 270km N of Perth, which is slated to begin production this year.
VRX has applied for a mining lease over 1,995ha at Arrowsmith Brand. MD Bruce Maluish says development there is not a priority,...
International miner South32 aims to complete a feasibility study on the Taylor zinc-lead-silver deposit in the Dec half-year after gaining enhanced process approval status for its 100%-owned Hermosa project in Arizona, USA.
Hermosa has become the first mining project to meet the strict criteria for the FAST-41 process by the independent Federal Permitting Improvement Steering Council, recognising it is the only advanced US project that...
A 230% leap in ore reserves at its Robe Mesa project has explorer CZR Resources on track to become significant new iron ore producer in Western Australia’s Pilbara region.
CZR says the increase in the JORC-compliant reserves to 27.3Mt @ 55.5% Fe (62.2% Fe calcined) underpins its mine plan for 3.5Mtpa direct shipping ore a C1 cash cost of $A57/wmt over an initial 8 years.
The Robe Mesa ore is comparable to fellow Pilbara miners...