Samantha Herbst

https://staging1.creamermedia.com/

Samantha Herbst

Samantha Herbst is a deputy editor for Creamer Media's online department.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Metallica gets green light to move forward with Urquhart sans EIS

24th June 2016 The Commonwealth Department of the Environment has determined that ASX-listed Metallica Minerals’ Urquhart bauxite project, in north Queensland, does not require an environmental impact assessment (EIS), as the impact of the project is considered minimal. “This major milestone confirms that the... →

Kimberley Diamonds raises $4m to partly repay auction house

24th June 2016 Australia’s Kimberley Diamonds has raised $4.02-million in capital, some of which has been used to partly repay China-based auction house Zhejiang Huitong Auction, which had previously lent the ASX-listed miner $13-million. Kimberley Diamonds placed about 40-million ordinary fully paid shares at... →

Entrepreneurs navigating economic uncertainty better than large corporates

24th June 2016 In an environment where individual companies are being transformed by the disruptive force of technology, and where entirely new sectors are being created, entrepreneurs are becoming increasingly pivotal to global job creation, according to EY global chairperson Mark Weinberger. In a statement... →

Resolute submits positive feasibility study for Bibiani

23rd June 2016 ASX-listed gold miner Resolute Mining has lodged a positive feasibility study for its 90%-owned Bibiani gold project, in Ghana, with the Ghana government, which owns a 10% free-carried interest in the project. The study, which confirmed a viable development pathway for the project, contemplated... →

Great Panther reports fatality at Guanajuatito mine

23rd June 2016 A contract miner has died due to an isolated rock fall at TSX-listed silver miner Great Panther Silver’s Guanajuatito mine, in Mexico. "We feel great sadness over the loss of one of our colleagues, and we offer our sincere condolences to his family and friends," stated Great Panther president and... →

Blackham to start mining at Matilda in three weeks

17th June 2016 Having secured all the necessary approvals, the management team of near-term gold producer Blackham Resources is now focused on preparing for the start of openpit mining at the ASX-listed company’s Matilda gold project, in Western Australia. The company plans to start mining in three weeks at the... →

Sugar cane production declines by more than 16.3% y/y

15th June 2016 As a result of the ongoing countrywide drought, South African cane production declined during the 2015/16 season by more than 16.3% to 14.81-million tons, following an 11.4% reduction recorded in the previous season. “The decrease will impact on the sustainability of the rural economy in both... →

PFS proves Batangas mine’s low cost, strong cash flow potential

15th June 2016 A prefeasibility study (PFS) of ASX-listed junior gold developer Red Mountain Mining’s Batangas gold project, 120 km south of Manilia, in the Philippines, has been completed, demonstrating the low operating costs, high margins and strong cash flow potential of the project. The study concluded... →

Independent study confirms viability of Diatreme’s flagship Cyclone project

15th June 2016 An independent project enhancement and update study has confirmed the viability of ASX-listed mineral sands developer Diatreme Resources’ Cyclone zircon project, in Western Australia, which now has a net present value of $121-million and an internal rate of return of 23%. Diatreme announced on... →

Red 5’s Siana underground mine approved for development

14th June 2016 Based on the positive outcomes of an updated feasibility study for junior gold miner Red 5’s Siana gold project, in the Philippines, the Siana underground mine has been approved for development and is scheduled to start in the second half of this year. The feasibility study indicated a... →

Tyranna reinforces stake in Challenger gold assets

14th June 2016 Resource and exploration company Tyranna Resources has initiated a formal dispute process as a result of repeated claims allegedly made by emerging gold producer WPG Resources that part of exploration licence 5661, which surrounds South Australia’s Challenger gold mineral lease, does not form... →

Revised PFS for Atrum’s Groundhog complex includes low-cost starter mine

9th June 2016 ASX-listed coal developer Atrum Coal is currently finalising a revise prefeasibility study (PFS) for its Groundhog North mining complex, in British Columbia, Canada, which now includes a staged approach to development, employing a low-cost starter mine producing 880 000 t/y ultrahigh-grade... →

Talisman to refocus on wider Springfield deposit, develop exploration strategy

9th June 2016 Having completed a high-level study assessing the potential for mining the Monty deposit, in Western Australia, ASX-listed metals developer Talisman Mining plans to shift its exploration focus from inward-looking resource definition to a more systematic exploration strategy. The company noted on... →

Tanzania-focused Strandline raises $2.3m through share placement with Tembo

9th June 2016 Tanzania-focused mineral sands developer Strandline Resources has raised about $2.3-million in equity funding through the successful completion of a share placement with mining-focused private equity fund group Tembo. As a result of the placement – comprising about 333-million new fully paid... →

Archer increases shareholder cap due to heavily oversubscribed SPP

9th June 2016 The board of ASX-listed junior explorer Archer Exploration has elected to increase the previously announced shareholder cap of $500 000 to $2.03-million, owing to the heavily oversubscribed share purchase plan (SPP) that closed on Tuesday, which saw the company receive valid applications for... →

Tharisa debuts on LSE

8th June 2016 JSE-listed platinum-group metals (PGMs) and chrome co-producer Tharisa officially joined the London Stock Exchange (LSE) on Wednesday, when company shares began trading on the LSE’s main market at 8:00 BST. About 255-million shares were in issue on admission, giving Tharisa a market... →

DRA to design processing facilities for Pilgangoora lithium project

8th June 2016 Perth-based lithium developer Altura Mining has tasked multidisciplinary global engineering group DRA with the preliminary engineering and design of its processing facilities at the Pilgangoora lithium project, in Western Australia’s Pilbara region. Pilgangoora was recognised as an... →

Legislation passed to regulate Greenland uranium exports

8th June 2016 The Greenland and Danish parliaments have both passed legislation that will regulate uranium exports from Greenland to ensure that uranium mining and exports are conducted in accordance with Denmark’s international non-proliferation commitments. Through this legislation, Denmark assumed... →

RMG inks share price agreement to raise $2m for Chile property

8th June 2016 ASX-listed junior RMG has entered into a share subscription agreement with cornerstone investor Epoch Bliss to raise $2-million, before expenses, to fun ongoing activities at RMG’s Chile property and to review other potential opportunities within the resources sector. The agreement, through which... →

Platypus concludes 100% acquisition of Lepidico

8th June 2016 JOHANNESBURG (miningweekly.com) – Junior explorer Platypus Minerals has finalised the acquisition of lithium developer Lepidico, having acquired 100% of the issued shares in Lepidico by issuing about 750-million Platypus shares to Lepidico vending shareholders. These shares were subject to... →

Blom re-elected WFDB president, Israel’s Dvash appointed VP

7th June 2016 The World Federation of Diamond Bourses (WFDB) has re-elected president Ernie Blom for a third consecutive term, though it decided to replace VP Julien Drybooms with Israeli Diamond Exchange President Yoram Dvash, following unanimous votes at the recent thirty-seventh World Diamond Congress, in... →

WFDB president Ernie Blom

Havilah receives first payment for sales from Portia gold mine

7th June 2016 ASX-listed junior Havilah Resources finalised first gold sales from its Portia gold mine, in South Australia, on Friday, after pouring the mine’s first gold early last month. The company announced on Tuesday that it had realised about $266 000 after settlement costs, from the sale of about 165... →

Technical due diligence on Kibaran’s Epanko project complete

7th June 2016 After securing $2-million through a share placement earlier this year, in conjunction with additional funding mechanisms, junior graphite developer Kibaran Resources announced on Tuesday that technical due diligence on its Tanzania-based Epanko graphite project is now complete, making Kibaran the... →

Entrepreneurs navigating economic uncertainty better than large corporates – EY

6th June 2016 In an environment where individual companies are being transformed by the disruptive force of technology, and where entirely new sectors are being created, entrepreneurs are becoming increasingly pivotal to global job creation, according to EY global chairperson Mark Weinberger. In a statement... →

Woodlawn DFS due for release before end June, says Heron

6th June 2016 The definitive feasibility study (DFS) results for minerals developer Heron Resources’ 100%-owned high-grade Woodland zinc-copper project in New South Wales (NSW) are scheduled for release before the end of the June quarter, the company announced on Monday. The fully funded DFS would provide an... →

WPG awarded new mineral lease for Challenger

6th June 2016 Emerging gold producer WPG Resources was on Monday granted a new mineral lease for its Challenger operation in Central South Australia. South Australia MP Tom Koutsantonis confirmed the grant on behalf of the state. →

Mincor exceeds expectations after doubling gold inventory

2nd June 2016 Having completed its mineral resource estimates for all six of its most advanced Western Australia gold prospects, ASX-listed gold and nickel firm Mincor Resources announced on Thursday that its total gold resource inventory at the Kambalda gold operation had doubled to 238 640 oz from 117 000 oz... →

Prices worse than low-case scenario ever envisaged – South32

2nd June 2016 Commodity prices have been worse than ASX-listed diversified mining company South32’s low-case scenario ever envisaged, said CEO Graham Kerr on Thursday. Reflecting on the company’s first anniversary since its spinoff from global major BHP Billiton last year, Kerr noted in an address to the... →

South32 CEO Graham Kerr

Altona finalises JV agreement with Chinese firm for new Cloncurry mine

2nd June 2016 ASX-listed copper miner Altona Mining on Thursday announced that it had concluded negotiations with Sichuan Railway Investment Group (SRIG) for the establishment of a joint venture (JV) company that would oversee construction of a new $238.5-million copper-gold mine at Altona’s Cloncurry project,... →

Peak appoints Tanzania Ambassor as special adviser

2nd June 2016 ASX-listed rare earths hopeful Peak Resources announced on Thursday that it had appointed Ambassador Paul Rupia, an “internationally recognised and respected” Tanzania statesman, as special adviser to the Peak board. Rupia currently served as chairperson of DCB Commercial Bank and had held this... →

Talga ups mineral resource estimate at Vittangi graphite mine

1st June 2016 Advanced materials company Talga Resources has upped the mineral resource at its Sweden-based Vittangi graphite mineral resource by 29% more total tonnes, with a grade increase from 24.4% total graphite content (TGC) to 25.3% TGC. The ASX-listed company announced on Wednesday that Vittangi had... →

LNG boosts Australia’s bottom line

1st June 2016 Oil and gas extraction in Australia rose by 5.1% in the March quarter, following the record $17-billion in liquefied natural gas (LNG) exports achieved in 2015, according to Australian Bureau of Statistics (ABS) data, released on Wednesday. This confirmed that strong LNG exports were a rare... →

SouthGobi given leave to appeal Siskinds damages claim

1st June 2016 The Ontario Superior Court of Justice has granted Toronto- and Hong Kong-listed coal producer SouthGobi Resources leave to appeal the court’s decision, in November, granting Canadian law firm Siskinds permission to claim damages against SouthGobi under the Ontario Securities Act. In January 2014,... →

Bayer, Planetary Resources collaborate to improve agriculture with space data

1st June 2016 Prospective asteroid miner planetary Resources is collaborating with multinational chemical and pharmaceuticals company Bayer to provide a new level of crop intelligence for the global agricultural industry. The companies signed a memorandum of understanding on Tuesday that would enable Bayer to... →

Cliffs inks long-term supply agreement with ArcelorMittal USA

1st June 2016 NYSE-listed iron-ore producer Cliffs Natural has entered into a new long-term commercial agreement with ArcelorMittal USA to supply the steel giant with tailor-made iron-ore pellets for the next ten years. The new commercial agreement, signed on Tuesday, would replace two existing agreements... →

Cameco to meet Cigar Lake production target, expects full production in 2017

1st June 2016 TSX- and NYSE-listed uranium producer Cameco’s Cigar Lake project, in the uranium-rich Athabasca basin, is likely to meet its 2016 production outlook of 16-million packaged pounds of uranium concentrate (U3O8) – 8-million of which below to Cameco – following approval from the Canadian Nuclear... →

Centerra Gold delivers notice of arbitration to Kyrgyz government

31st May 2016 After receiving two court rulings from Kyrgyz courts last week against its wholly owned subsidiary Kumtor Operating Company (KOC) for alleged environmental infractions at its eponymous mine, TSX-listed Centerra Gold this week delivered a notice of arbitration to the Kyrgyz government in relation... →

Kumtor mine, Kyrgyzstan

Challenger mine resumes operations, produces first gold

31st May 2016 After being temporarily suspended by its former owner in March, the Challenger gold mine, in South Australia, has resumed production and site operations, with the first gold bar produced on Tuesday under the mine’s new owners, ASX-listed gold producer WPG Resources and joint venture partner... →

Venturex, Macarthur ink farm-in and JV agreement on Sulphur Springs

30th May 2016 ASX-listed junior Venturex Resources has signed a memorandum of understanding (MoU) with TSX-V-listed lithium-focused explorer Macarthur Minerals to enter into a farm-in and joint-venture agreement (FJVA) for the lithium rights at Venturex’s 100%-owned Sulphur Springs copper-zinc project, in... →

Kin Mining raises $1.68m through share placement

30th May 2016 Promoting its growth and development strategy for the advancement of its Leonora gold project, in Western Australia, ASX-listed junior Kin Mining on Monday completed an oversubscribed share placement to raise $1.68-million for the project. About 12-million shares would be issued by June 3 at 14c... →

Heron enters farm-in agreement with Alchemy

30th May 2016 Remaining focused on the development of its high-grade Woodland zinc-copper project in New South Wales (NSW), minerals developer Heron Resources has inked a farm-in agreement with fellow ASX-listed Alchemy Resources, covering a portfolio of Heron’s NSW exploration tenements. Under the headline... →

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