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Media Room

Glencore’s Prodeco hands back Colombia contracts

Diversified major Glencore has confirmed that it is relinquishing its mining rights in Colombia, after the National Mining Agency (ANM) last month declined Prodeco’s request for its coal mines to remain on care and maintenance.

Glencore says that it remains uneconomic to restart operations at Calenturitas and La Jagua, which were placed on care and maintenance in March last year.

Silvercorp plans listing for newly acquired Mexico project

Canada’s Silvercorp has announced the acquisition of the La Yesca silver project, in Mexico, and says it plans to list its New Infini subsidiary as an independent public company.

New Infini has acquired a 100% interest in Infini for $9.25-million in cash and a 45% interest in New Infini shares to arm’s length vendors. Infini is a Mexico company that owns the La Yesca project.

New South Wales blocks South32 coal expansion plans

The New South Wales Independent Planning Commission (IPC) has pushed back on diversified miner South32’s planned extension of its Dendrobium coal mine.

The A$956-million extension project would see an additional 78-million tonnes of run-of-mine coal recovered from two new areas, Areas 5 and 6, comprising 21 long wall panels, and would extend the mine life until the end of 2048.

Volt looks at European graphite

Junior Volt Resources has signed a term sheet to potentially acquire a 70% interest in the Zavalievsky graphite business, in the Ukraine.

Zavalievsky is a long life graphite operation that has been operational for 87 years, and currently produces around 250 000 t/y of crushed granite for road construction and concrete manufacturing.

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