Thor Mining PLC has secured a strategic financing and agreement with London based Metal Tiger plc. Metal Tiger is to invest a further £300,000 (approximately A$525,000) in Thor Mining through a subscription for 10,000,000 shares. Highlights: A 20% premium to the closing share price of Thor on AIM Money raised will be applied to the[…]
Trading in Cradle Arc’s Ordinary Shares on AIM commenced today, under the ticker CRA.L (Admission). As part of the Admission process, the company has raised, in aggregate, £5.65 million before expenses, comprising £3.25 million in pre-IPO funding, via the issue of the October 2017 Convertible Loan Notes, which will automatically convert into Ordinary Shares on[…]
The Prime Minister of Mongolia U. Khurelsukh and other government representatives and Rio Tinto Chief Executive J-S Jacques met in Ulaanbaatar yesterday to progress their partnership. The two sides discussed ways to strengthen the relationship by setting up a joint working group to explore: Whether funding costs can be reduced to improve benefits from the[…]
At the end of last year, Australian-based manufacturer TERRATEC, marked the opening of a new office in Lima, Peru, to support its continued growth in the Central and South American Raise Boring Machine (RBM) market. The new office will focus on sales of new machines, as well as the ongoing servicing and maintenance of a[…]
As part of an ongoing commitment to the transfer of specialised knowledge, Maptek™ South America will present a new dedicated training course, Master in Geostatistical Modelling of Mineral Deposits, starting in 2018. The comprehensive course is under the direction of Professor Clayton V. Deutsch and will be held in conjunction with the Adolfo Ibáñez University,[…]
French uranium producer Areva has become Orano. Refocused on nuclear materials development and waste management, Orano’s activities encompass mining, conversion-enrichment, used fuel recycling, nuclear logistics, dismantling and engineering. The group has 16,000 employees, with a revenue of €4 billion and an order backlog that represents the equivalent of nearly eight years of revenue. Its mining and[…]
Final detailed project reviews are underway as Berkeley Energia counts down to the commencement of construction at the Salamanca uranium mine in Spain. At the same time production cuts are being announced at some of the world’s largest uranium mines, which are likely to result in a 12% reduction in primary mine production this year.[…]
Master Drilling Group, a world leader in specialised drilling solutions, will unveil its new disruptive Mobile Tunnel Boring (MTB) solution, at Investing in African Mining Indaba 2018 in Cape Town. MTB will be ready for commissioning in the third quarter of the year. Master Drilling’s internally conceptualised design and internationally patented MTB technology was developed[…]
Thermo Scientific says it has the largest installed base of hand-held XRF spectrometers in Africa, used in mineral exploration and for other tasks. These units can be used for early stage exploration: soil survey and outcrop evaluation and advanced exploration and drilling: trend analysis to identify decreasing or increasing pattern of elements of interest to[…]
Australian gold producer, Southern Gold Ltd, has a new agreement with development partner, Westgold Resources Ltd for the underground development phase at Southern Gold’s Cannon gold mine, near Kalgoorlie, Western Australia). Proven underground gold mine operator Westgold Resources to pay A$1.5 million upfront to Southern Gold for a five year right-to-mine within a defined area[…]