A subsidiary of Northern Dynasty Minerals, the proponent of one of the largest undeveloped copper/gold deposits in the world today, and the US Environmental Protection Agency (EPA) have filed a joint motion in federal court to extend a stay of proceedings in the parties' long-standing legal dispute to May 11, saying a resolution is possible next week.
Aim-listed exploration and development company Savannah Resources is nearing completion of a scoping study at its Mutamba heavy mineral sands project, in Mozambique. CEO David Archer on Friday told Mining Weekly Online that the company was now “moving things forward at a pace that [our joint venture partner] Rio Tinto is really delighted with.”
Aim-listed Opera Investment is eyeing May 23 as the date to cancel its admission on the London bourse – and the start of trading of newly formed spin-off Katoro Gold Mining, as the proposed sale of AltX- and Aim-listed Kibo Mining’s northern Tanzania-based gold assets is wrapped up.
The sale of two Rio Tinto coking coal mines in Australia is attracting scores of interested buyers as private equity and public companies compete for a foothold in one of the year's hottest commodities, four sources familiar with the matter said on Friday.
US coal major Peabody Energy has reported a 29% increase in revenue for the first quarter ended March, driven by an increase in production in the US and Australia.
Copper miner Tiger Resources has reached an agreement with the senior lender group of its $162.5-million financing facility to extend the repayment date.
Former Massey Energy directors won’t have to face an investor lawsuit blaming them for a series of safety failures that led to the deaths of 29 coal-mine workers. Delaware Chancery Court Judge Andre Bouchard dismissed the case Thursday on procedural grounds.
JSE-listed junior miner Keaton Energy’s shares rose by 6.2% on Thursday, after it and Wescoal announced in a joint statement that the purchase price for Wescoal’s takeover of Keaton had been adjusted. Subsequent to the signing of a firm intention offer letter in February, Keaton had issued a further 690 374 shares in terms of its employee ownership share schemes.
Production in the first quarter of the year across several of triple-listed Glencore’s operations worldwide was marred by adverse weather conditions, including Cyclone Debbie in Australia, flooding in Peru and higher-than-average rainfall in the Democratic Republic of Congo (DRC) and Hunter Valley, in Australia.
JSE-and ASX-listed Resource Generation (Resgen) said talks with the Development Bank of Southern Africa (DBSA) concerning the funding for a rail link at its Boikabarelo coal mine, in Limpopo, was now at an advanced stage, with the DBSA to submit its application for first stage credit approval this week.