COPPER
Alecto kick starts development of Mowana copper
Alecto Minerals plc, the African-focused gold and copper exploration and development company, has appointed a mining contractor to commence mining operations at the Mowana copper project in Botswana. It also reports rapid progress is being made to recommence production...
GOLD
Acacia announces maiden high-grade resource at West Kenya project
Acacia Mining has announced an initial NI 43-101 compliant inferred mineral resource estimate of 1.31 million ounces of gold at 12.1g/t on the Liranda Corridor within its West Kenya project. The project is primarily located on three main zones of...
GOLD
Renaissance Gold to begin drilling at Arabia project, Nevada
Renaissance Gold has revealed plans to start drilling in the second week of March on the Arabia project in Pershing County, Nevada, US. Drilling will be funded by Coeur Mining under an earn-in agreement. This agreement enables Coeur to...
Aluminium
Vedanta’s Q3 aluminium revenue up 27% to $532 million
London listed metals and mining conglomerate Vedanta has recorded 27 per cent growth in revenue from its aluminium operations for the quarter ended December 31, 2016. Revenue from aluminium business shot up from $418.9 million to $531.9 million as...
IRON ORE AND MANGANESE
Iron ore from northern Sweden to U.S.-Mexican project
The company, a subsidiary of mining giant LKAB, will from February start shipping MagnaDence to a pipe coating facility in Altamira, Mexico. The iron ore product will form a key component in the 800 km long Sur De Texas-Tuxpan...
DIAMONDS
Rockwell Diamonds Finalizes Sale of Remhoogte and Saxendrift Mines
As announced in December 2016, junior miner Rockwell Diamonds signed an agreement to sell "none-core assets" - the Remhoogte and Saxendrift mines - to Nelesco Proprietary 318 for US$3.48 million (ZAR45m); it has now been completed. The sale and...
DIAMONDS
Lucara Diamond Posts Record Sales in 2016: $295.5M at $824/Carat
Lucara Diamond Corp., which runs the Karowe Mine in Botswana and holds multiple exploration licences in the region, reports record earnings - and dividends - for the year 2016. Revenues increased 32% to $295.5 million from $223.8 million in...
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