VANCOUVER, British Columbia–(BUSINESS WIRE)–Encanto Potash Corp. (hierna “Encanto” of “concern“) gerelateerd aan de TSX-V genoteerde Potash development; Mining and Operating company (TSX-V: EPO) is verheugd mee te kunnen delen dat het een financieringsfaciliteit van CAD $100 miljoen is overeengekomen. In de financieringsovereenkomst, getekend op 15 september 2017 (hierna “de overeenkomst”, is afgesproken dat GEM Investments America, LLC en GEM Global Yield LLC SCS in de komende drie jaar tot

As Anglo American’s board met at the lavish Vergelegen wine estate in South Africa yesterday evening as part of a 100-year celebration, executives were blindsided by news headlines: Indian mining tycoon Anil Agarwal was becoming the biggest shareholder. After Anglo’s managers partied to honor the past, the company now faces an uncertain future. Agarwal is now in a position to push for major change, but his intentions are still secretive, leaving analysts to guess at the billionaire’s plans for the blue-chip mining institution.

VANCOUVER, British Columbia–(BUSINESS WIRE)–Encanto Potash Corp. (“Encanto” o la “Società”) azienda del settore minerario specializzata nello sviluppo di risorse di carbonato di potassio e quotata alla borsa valori canadese TSX Venture Exchange (TSX-V: EPO) è lieta di annunciare di avere ottenuto un finanziamento dell’importo di CAD 100 mln. Secondo i termini dell’accordo stipulato il 15 settembre 2017 (il “Contratto”), GEM Investments America, LLC e GEM Global Yield LLC SCS si impegnano a in

VANCOUVER, Colombie Britannique–(BUSINESS WIRE)–Encanto Potash Corp. (« Encanto » ou la « Société »), la société de développement, d’extraction et d’exploitation minière de potasse inscrite à la Bourse de croissance TSX (TSX-V : EPO), est heureuse d’annoncer avoir obtenu un engagement pour une facilité de financement de 100 millions CAD. Dans le cadre de l’accord de financement signé le 15 septembre 2017 (l’« Accord »), GEM Investments America, LLC et GEM Global Yield LLC SCS s’engagent à inv

VANCOUVER, British Columbia–(BUSINESS WIRE)–Encanto Potash Corp (TSXV:EPO) secures CAD $100 million capital commitment from GEM Global

VANCOUVER, British Columbia–(BUSINESS WIRE)–Die Encanto Potash Corp. („Encanto“ oder das „Unternehmen“), die an der TSX-Venture Exchange notierte Kaliumkarbonat-Aufschließungs-, Bergbau- und Betriebsgesellschaft (TSX-V: EPO), gibt bekannt, dass das Unternehmen eine Finanzierungszusage in Höhe von 100 Millionen Kanadische Dollar erhalten hat. Im Rahmen der am 15. September 2017 unterzeichneten Finanzierungsvereinbarung (die „Vereinbarung“), investieren GEM Investments America, LLC und GEM Glob

ICE Benchmark Administration, a unit of Intercontinental Exchange (ICE), will take over as operator of London’s silver benchmark on October 2, a week later than planned, the exchange said on Thursday. Two current participants in the benchmark, Swiss bank UBS and China Construction Bank (CCB), are not featured in the line-up of entities taking part in the new benchmark process.

Aim-listed Beowulf Mining on Thursday said the development of its Kallak magnetite iron-ore project, in Sweden, into a mining operation will create direct and indirect jobs, increase tax revenues and slow down population decline in the nearby town of Jokkmokk. A socioeconomic study, initiated by Jokkmokks Kommun and completed by Copenhagen Economics, showed that a mining operation at Kallak has the potential to create 250 direct jobs and over 300 indirect jobs in Jokkmokk, sustained over a 25-year period.

The National Union of Mineworkers (NUM) on Thursday said it would not back down from its wage dispute with Petra Diamonds until its demands were met. Workers at the Finsch mine, in the Northern Cape, downed tools on Monday in a strike that resulted in 67 members staging an ongoing sit-in underground after the parties reached an impasse over wages and other related matters.

Zimbabwe’s gold production rose 10% in the first eight months of this year to 14.6 t, buoyed by higher output from small and informal producers, official data showed on Thursday. Gold is Zimbabwe’s single largest mineral export.

Vedanta head Anil Agarwal has once again hit the headlines by announcing an intended further personal investment in Anglo American through Volcan Investments, which is the majority shareholder of Vedanta Resources. Volcan announced on Wednesday that it intended investing £1.25-billion to £1.5-billion in Anglo shares, which follows its £2-billion investment in the London- and Johannesburg-listed company in March.

JSE-listed Pallinghurst Resources expects its losses for the six months to June 30, to widen, owing to decreases in the valuation of the company’s investments. A headline loss a share of $0.10 is anticipated for the half year under review, deteriorating from a headline loss a share of $0.04 reported in the prior corresponding period.

DALLAS–(BUSINESS WIRE)–District 5 Investments, LP (“D5”), a private equity firm focused on investing in middle-market oil and gas and oilfield services companies, today announced a growth equity investment into newly formed Pathfinder Resources, LLC (“Pathfinder”). Based in Dallas, Texas, Pathfinder was formed to acquire North American mineral and royalty interests, with an initial focus on the Marcellus and Utica Shale plays in Pennsylvania, Ohio and West Virginia. The management team has ov

LONDON–(BUSINESS WIRE)–Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that ICE Benchmark Administration (IBA) expects to start administering the London Bullion Market Association (LBMA) Silver Price benchmark and operate the underlying auction from 2 October 2017. Participants who will join the auction from the first day include HSBC Bank USA NA, INTL FC Stone, Jane Street Global Trad

Gold miner Red 5 has warned of a noncash impairment of between A$28-million and A$30-million on the carrying value of its Siana gold project, in the Philippines.

The impairment charge expected to be recorded in the June year-end will be in addition to the A$70.4-million expense recorded in the half-year ended December.

Johnson Matthey said it will invest an initial £200-million in expanding its battery material technology business from 2018, aiming to capitalise on growth in the electric vehicle market. The specialty chemicals company said the overall market “could be (worth) more than $30-billion (in) sales when battery electric vehicle penetration increases to around 10%.”

China’s National Development and Reform Commission (NDRC) on Thursday warned coal miners not to temporarily close to avoid inspections as the country’s top economic planner works to stabilize prices amid the environmental and safety checks.

In a statement on its website, NDRC also said railway and shipping companies must make coal transport a priority, especially to power plants in the country’s northeast where stockpiles are low.

Aim-quoted Charaat Gold has received all necessary approvals to bring its Tulkubash heap-leach project, in Kyrgyzstan, into production in 2019, the company announced on Thursday.
This follows the State Committee of Energy, Industry and Suboil Use’s (SCEIS’) approval of Charaat’s technical study, which detailed the planned development of the Tulkubash project and the approval of an environmental study.

Gold hopeful Genesis Minerals has launched a feasibility study on an underground mining operation at its Ulysses project, in Western Australia, with the hopes of starting underground mining in the second quarter of 2018.

The company said on Thursday that an internal scoping study had demonstrated the potential technical and economic viability of developing a long-term underground mining operation at the Ulysses project, with the scoping study also highlighting the strong potential to develop a stand-alone underground mining and processing operation.

China’s aggressive environmental protection campaign has tightened supplies of graphite electrodes used in steelmaking, boosting the fortunes of big producers like Fangda Carbon as mills search far and wide for a material now in short supply. Beijing’s campaign for clearer skies has closed thousands of mills and mines producing low-quality steel and coal, and makers of electrodes, particularly those near big cities, have not been spared.

MONTEVIDEO, Uruguay–(BUSINESS WIRE)–Orosur Mining Inc. (“Orosur” or “the Company”) (TSX/AIM: OMI), the South America-focused gold producer, developer and explorer is pleased to provide an exploration and development progress update for its Uruguayan operations. HIGHLIGHTS Underground reserve increase in and around the San Gregorio West underground mine area (“SGW UG”) From November 31, 2016 to May 31, 2017, total production from SGW UG totaled 12,600 oz Current remaining San Gregorio undergro

Despite a potash glut, junior project developers are making steady progress with developing the next generation of mines that will provide plant nutrients needed to cater for exploding food demand across the globe.
TSX-listed PotashRidge announced on Wednesday that it will spin out its Quebec assets in order to better focus on the flagship Blawn Mountain project, in Utah.

TSX-listed issuer Roxgold has increased its full-year guidance by nearly 9% to a range of between 115 000 oz and 125 000 oz of gold, compared with the previous guidance of 105 000 oz to 115 000 oz.
The Toronto-based company, that operates its flagship Yaramoko gold mine, in the Houndé greenstone region of Burkina Faso, said higher-than-expected mining rates and grades at Yaramoko’s 55 Zone, has boosted the production forecast.

London-based precious metals miner Hochschild Mining is looking for opportunities to grow through acquisitions of early-stage projects, the chief executive said on Wednesday.

Speaking during a presentation at the mining convention Perumin, in southern Peru, Ignacio Bustamante added that the company expects to produce 37-million silver equivalent ounces, up from about 35.5-million last year.

Mere months after Integra Gold was bought out in a deal worth about C$590-million by Eldorado Gold, essentially the same team – reincarnated as Integra Resources – has reached agreement with major Kinross Gold to buy the DeLamar gold/silver mine, in Southern Idaho.
The C$7.5-million cash-and-scrip deal will give the Integra team full access to to the brownfields project, which was shuttered in 1998 on the back of precious metal prices dipping below $300/oz, after producing 1.6-million ounces of gold and 100-million ounces of silver.

Canada’s largest potash producer PotashCorp of Saskatchewan said on Wednesday it would curtail some capacity to balance its supply with market demand.
Saskatoon, Saskatchewan-based PotashCorp said it will fully rely on its lowest-cost Rocanville operations, while the Allan operation will curtail output for ten weeks, starting on November 19. The Lanigan mine will also curtail production for eight weeks, starting on December 3.

TSX-V-listed Angkor Gold has, together with its joint-venture partner Renaissance Minerals, received approval from the Cambodian Ministry of Mines and Energy to proceed with their joint exploration plans of Koan Nheak under a definitive earn-in agreement signed in July.
Renaissance is a Cambodian subsidiary of ASX-listed Emerald Resources, which is currently working through the final permitting process on their Okvau fold deposit located about 60 km from the southern edge of Angkor’s Koan Nheak licence.

The world’s refined copper balance for the first half of 2017 indicates a deficit of around 75 000 t, including revisions to data previously presented, the Lisbon-based International Copper Study Group revealed on Wednesday.
This is mainly owing to stagnant growth in the world refined copper supply, the think tank said in its September copper bulletin.

However, the copper balance in the first half of the year, adjusted for changes in Chinese bonded stocks, indicates a deficit of around 5 000 t.

As the Indian government begins work on a new version of the National Mineral Policy (NMP) 2008, the Finance Ministry has said that it will not be possible to incorporate any direct or indirect tax benefits in the new policy document. The Finance Ministry said this week that use of direct and indirect tax instruments as a policy measure to boost the mining sector would be counter-productive.

West African gold producer Endeavour Mining has given the $412-million Ity carbon-in-leach (CIL) project, in Cote d’Ivoire, the go-ahead, adding about 235 000 oz/y over the first five years to Endeavour’s current production profile of between 600 000 oz and 640 000 oz this year, at lower costs.
The London, UK-based company based its decision on an optimisation study completed on the Ity mine. Based on a long-term gold price of $1 250/oz on a flat-line basis from the start of production, the after-tax net present value, at a 5% discount, is $710-million, with an internal rate of return of 40.3% and project payback period is 1.8 years.

Junior graphite developer Walkabout Resources has welcomed Chinese engineering firm Jinpeng Mining and Machinery as a cornerstone investor.

Through a $1-million investment, Jinpeng will become Walkabout’s largest investor, holding 10.6% of the company’s shares.

Graphite developer Bass Metals will raise up to A$5-million through an institutional placement and entitlement offer to fund the final payment for the acquisition of the Graphmada mine, in Madagascar.

The company on Tuesday announced that it would issue up to 227.3-million fully paid ordinary shares to institutional and sophisticated investors, priced at 1.1c a share, to raise an initial A$2.5-million.

Copper miner Finders Resources reported a net profit after tax of A$41.7-million for the six months ended June 30, as its Wetar copper project, in Indonesia, continued to perform well.

The company reported a net loss after tax of A$22.2-million in the previous corresponding period.

State-owned electricity utility Eskom has sounded that warning that, even if its allowable revenue is not increased at all for the 2018/19 year, tariffs will still need to rise by 9.4% simply to accommodate a “rebasing” electricity sales volumes when compared with those approved in the third multiyear price determination period (MYPD3). The utility has made a single-year application to National Energy Regulator of South Africa (Nersa) for allowable revenue of R219.5-billion, which would translate to a hike of 19.9% from April 1 for direct customers and 27.5% for municipalities from July 1.

PORTLAND, Ore.–(BUSINESS WIRE)–Orca Capital Securities has facilitated the sale of Green Diamond Sand Products, Oregon specialty minerals producer, to MSI and AAVIN.