Archives: Mining project news

Primero Group is to run the numbers at Savannah Resources 75%-owned Mina do Barroso lithium project in Portugal after being awarded the lead role for the upcoming feasibility study. The feasibility will build on the recently released scoping study, which envisaged the building of a $109 million, 1.3 million tonne per year run of mine[…]

The commissioning of the Pilgangoora lithium-tantalum project in Western Australia has continued, with the company racking up 1,000 tonnes of coarse and fines concentrate from its plant. Plant performance, component operation and timing are all in line with expectations, with Pilgangoora on track for the first shipment of next month. Pilbara Minerals’ project is expected[…]

An advisory and investment company has teamed up with Uzbekistan’s geology and mineral resources committee to carry out a feasibility study on developing the Yakhton tungsten deposit in the Samarkand region of the country. IFG Capital Partners, which is focused on Uzbekistan and wider Central Asia, considers Yakhton to be the first step in “building[…]

Gold miner Silverlake Resources has decided to take a “hybrid owner-operator” model at its Aldiss project in Western Australia as it looks to speed up development and boost profitability. Aldiss is comprised of the Harry’s Hill, Karonie and French Kiss deposits, which have an aggregate ore reserve of 2.87 million tonnes at 2.2 g/t for[…]

State-owned mining company Terrafame is a step closer to building a $200 million battery chemicals plant in Sotkamo, Finland, after the local government signed off on construction. The municipality’s building authorities have granted the permit for two buildings in accordance with the application submitted in May. The project involves a 7,750 m² building for the[…]

In another sign Anglo American Platinum is confident in the long-term fundamentals of the precious metal, it has agreed to purchase Glencore’s 39% interest in the Mototolo joint venture operation in the Bushveld of South Africa. Amplats could pay up to R22 billion for the interest as part of a complex deal that involves an[…]

Hecla Mining and Klondex Mines report that Hecla’s acquisition of Klondex is complete. “With this acquisition, Hecla now has three high-grade mines in Nevada, one of the best mining districts in the world,” said Phillips S. Baker, Jr., President and CEO. “These assets immediately add production and cash flow, and because they are a good[…]

Minotaur Exploration Ltd reports that the extended drilling program along the Jericho ‘J1’ and ‘J2 North’ copper conductors at the Eloise JV southeast of Cloncurry, Queensland, Australia, has been further expanded, upon geological interpretation of drill core. The scope of the drilling campaign has been increased from the announced1 1,700 m to 2,500 m for[…]

Gold developer West African Resources Ltd  reports that the Council of Ministers of the Government of Burkina Faso has approved changes to the original mining permit for the Sanbrado gold project which encompass revised mining and ore processing methods detailed in the latest feasibility study announced in June 2018. The updated mining permit approves changes[…]

De Beers has signed a pact to acquire Vancouver-based junior Peregrine Diamonds as the major looks to expand its Canadian business with the addition of the Chidliak project in Nunavut. The C$107 million deal has been unanimously recommended by Peregrine’s board of directors to Peregrine shareholders with some 44 % of investors already agreeing to[…]