Global insight

Noront Closes C$1.54m Private Placement

The largest landholder in the promising mine camp known as the Ring of Fire, in Northern Ontario, has closed a C$1.54-million financing to advance the development of its Eagle’s Nest project, for exploration in the region and for general working capital.

Wednesday, September 9, 2015

Glencore in R2.5bn Equity Raising, $10bn Capital Preservation, Debt Cutting

Global commodities mining and marketing company Glencore on Monday announced a fully committed proposed equity capital raising of up to $2.5-billion alongside additional $10.2-billion capital preservation and debt reduction measures, portfolio optimization and...

Tuesday, September 8, 2015

Chidhakwa Sleeps On the Job

DAGGERS have been drawn against Mines and Mining Development Minister Walter Chidhakwa for abetting the unending cash crunch by failing to put in place measures that will allow licensed chrome producers to resume chrome ore exports, undermining a potentially p...

Monday, September 7, 2015

ARM Trims Capex

DAGGERS have been drawn against Mines and Mining Development Minister Walter Chidhakwa for abetting the unending cash crunch by failing to put in place measures that will allow licensed chrome producers to resume chrome ore exports, undermining a potentially p...

Monday, September 7, 2015

Miners Increasingly Looking to Renewable Energy Sources to Drive Operational Savings

Current pressures on the mining sector is driving increased interest in the cost savings and power security advantages that renewables could provide mining operations.

Sunday, September 6, 2015

ARM FY Profit Down 58% on Lower Prices

African Rainbow Minerals, led by CEO Mike Schmidt, posted a 58% fall in annual headline earnings on Friday reflecting lower commodity prices which forced it to shut down several manganese alloy furnaces.

Sunday, September 6, 2015

Company Reports Lower Zimbabwe Gold Sales

Gold sales from Pan-African multi-commodity mining and development company Mwana Africa’s Freda Rebecca mine, in Zimbabwe, Dropped slightly to 57799 oz during the financial year ended March 31, from the 58704 oz sold during the prior financial year.

Sunday, September 6, 2015

Gulf Manganese Receives Research & Development Tax Incentive Claim

ulf Manganese announced today the approval by AusIndustry (an Australian regulatory Government agency) for a Research and Development (R&D) Tax Incentive claim for the 2014 financial year for the design and construction of a 6 MVA pilot plant facility for the ...

Sunday, September 6, 2015
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