Archives: Mining project news

IAMGOLD Corp has provided results from its 2018 drilling program at the Diakha deposit on its wholly owned Siribaya project in Western Mali.  In 2018, the Company completed a combined diamond and Reverse Circulation (RC) drilling program designed to infill and increase confidence in the current resource as well as target expansions of the Diakha[…]

In the third quarter 2018 MMG Ltd produced 121,926 t of copper and 57,595 t of zinc in the three months to 30 September. “The Dugald River ramp up continues to track ahead of schedule, with mining and milling rates at 100% and 112% of nameplate capacity during the third quarter,” CEO Geoffrey Gao said.[…]

Newmont Suriname has reached 1 Moz of gold poured at the Merian gold mine in east Suriname, two years after commercial production began on October 1, 2016. Merian was built safely, on time and approximately 20% below budget, with total development capital of $525 million invested by Newmont. Staatsolie, on behalf of the Government of[…]

Explorer Vector Resources has locked in a $49 million funding deal as it moves to acquire a 60% stake in the 3.2 Moz Adidi-Kanga gold project in Ituri Province in the DRC. The funding, from Dubai-based “diversified conglomerate” Fast Telecom (FT) follows a $28 million debt facility with Medea Future Materials Fund announced in September.[…]

Strandline Resources Ltd advises that following strong progress on a number of fronts, it is set to complete the DFS on its Coburn mineral sands project in Western Australia early next year. The updated DFS will put Coburn on track for a development decision in the first half 2019, with first production potentially then scheduled[…]

BHP has entered into a share subscription agreement with SolGold Plc, which is the majority owner and operator of the Cascabel porphyry copper-gold project in Ecuador. Following completion of the private placement by SolGold, BHP’s interest in SolGold would increase from 6.01 to 11.2%. BHP has agreed to pay a 32% premium to the 20[…]

Taranis Resources Inc has achieved a major development milestone at Thor, filing a Joint Application under the Mines Act and Environmental Management Act with the Ministry of Energy and Mines. Approval of the joint application will position Taranis to become the next producing mine in the Kootenay area of British Columbia, and unique in the[…]

Gold Road Resources Ltd  and Gruyere Mining Company Pty Ltd, a member of the Gold Fields Ltd group, provide an update on the construction activities at the Gruyere Gold Project, which is being developed as a 50:50 Joint Venture approximately 200 km east of Laverton in Western Australia. The project remains on schedule for first[…]

Arafura Resources Ltd has signed a memorandum of understanding (MoU) with JingCi Material Science Co Ltd for the supply of neodymium-praseodymium (NdPr) oxide from its Nolans Project in the Northern Territory. The non-binding MoU envisages a long-term supply to JingCi of up to 900 t per annum of NdPr oxide, representing a quarter of Nolans’[…]

Zenyatta Ventures has added Interconnected Reduced Graphene Oxide (IC‐rGO) to its product development pipeline, working with its research partner Prof Aicheng Chen from the University of Guelph, Ontario. IC‐rGO is a three‐dimensional nanomaterial with potential applications in the energy and environmental industries. While working at Lakehead University in late 2016, Chen and his team first[…]