The Quebec provincial government has given its investment vehicle Ressources Québec approval to invest C$2.13-million in junior project developer Canadian Metals, completing the company’s C$9.2-million global financing plan to implement its Langis high-grade silica project.
The government corporation will participate in a scheduled investment plan in the company’s equities over the four phases of implementation.
OVERLAND PARK, Kan.–(BUSINESS WIRE)–Compass Minerals (NYSE: CMP) will release its second-quarter financial results Monday, August 7, 2017 after the markets close. The company’s president and CEO, Fran Malecha, and interim CFO and treasurer, Jamie Standen, will discuss these results on a conference call to be held Tuesday, August 8, 2017 at 9:00 a.m. ET. Access to the conference call will be available at www.CompassMinerals.com/InvestorRelations or by dialing 877-614-0009. Callers must provide
PITTSBURGH–(BUSINESS WIRE)–EQT Corporation (NYSE: EQT) will host a teleconference with security analysts on July 27, beginning at 10:30 a.m. ET. Topics of the teleconference will include financial and operational results, and other matters, with respect to the second quarter 2017. A brief Q&A session for security analysts will immediately follow the results discussion. The teleconference will be webcast live at www.EQT.com, with a replay available for seven days following the call. EQT Mi
PITTSBURGH–(BUSINESS WIRE)–EQT Midstream Partners, LP (NYSE: EQM) and EQT GP Holdings, LP (NYSE: EQGP) will host a joint teleconference with security analysts on July 27, beginning at 11:30 a.m. ET. Topics of the teleconference will include financial and operational results, and other matters, with respect to the second quarter 2017. A brief Q&A session for security analysts will immediately follow the results discussion. The teleconference will be webcast live at www.eqtmidstreampartners
OKLAHOMA CITY–(BUSINESS WIRE)–LSB Industries, Inc. (“LSB”), (NYSE: LXU), today announced that it will release its financial results for the second quarter ended June 30, 2017 on Tuesday, July 25, 2017, after the close of the stock market. LSB’s management will host a conference call on Wednesday, July 26, 2017 at 10:00 am ET / 9:00 am CT to discuss these results. Participating in the call will be President and Chief Executive Officer, Daniel D. Greenwell, Executive Vice President and CFO, Mar
PITTSBURGH–(BUSINESS WIRE)–EQT Corporation (NYSE: EQT), today, declared a quarterly cash dividend of $0.03 per share, payable September 1, 2017, to shareholders of record at the close of business on August 11, 2017. About EQT Corporation: EQT Corporation is an integrated energy company with emphasis on Appalachian area natural gas production, gathering, and transmission. With more than 125 years of experience, EQT continues to be a leader in the use of advanced horizontal drilling technology
Canadian diamond producer Stornoway Diamond Corp has revealed that ongoing diamond breakage in the Renard process plant is reducing the proportion of larger diamonds available for sale and dimming revenues, while market sentiment for Renard’s precious gems is on the up.
The Longueuil, Quebec-based company said on Wednesday that volatility in the proportion of small diamonds in the sales mix was also weighing on the top line, at a time when sales show a 19% increase (expressed in real terms after accounting for size distribution and quality variations) in pricing since sales started in November 2016, the company advised.
LONDON–(BUSINESS WIRE)–#Aluminum–SpendEdge performs supplier intelligence study for the aluminum industry.
IRVINE, Calif.–(BUSINESS WIRE)–Digital Map Products, Inc., a pioneer in geospatial mapping technology and intelligence, has acquired DMTI Spatial from Neopost Canada.
German car manufacturer Daimler has cut the platinum loading of its new fuel cell Mercedes to catalytic converter level. “We reduced the amount of platinum by 90%, which provides a significant cost reduction. Our fuel cell is not much above the platinum loading of a catalytic converter on a conventional car,” Daimler fuel cell director Professor Dr Christian Mohrdieck has told cH2ange, an organisation promoting a global switch to the hydrogen economy to mitigate climate change.
Gold exploration and development company Katoro Gold’s infill drilling programme at its Imweru gold project, in Tanzania, is progressing significantly better than planned and is currently ahead of schedule and below budget. Owing to the strong drill performance and significant cost savings made in the last two weeks, Katoro has been able to change and expand the scope of the original Imweru development plan, it revealed on Wednesday.
Transnet Freight Rail (TFR) has confirmed that the export coal line from Ermelo, in Mpumalanga, to the Richards Bay Coal Terminal (RBCT), in KwaZulu-Natal, was closed for its yearly maintenance shutdown on Tuesday, July 11 and will remain closed for planned maintenance until Monday, July 17. The major projects to be executed during the 2017 shutdown period include rail replacement, universal sleepers replacement, overhead traction component replacements, sets replacements, and the refurbishment of midpoint traction substations.
Aim-listed explorer Liongold has acquired a majority shareholding in gold-focused technology firm TRAC Technology, which is seen as an important piece for delivering on the company’s ‘mine-to-market’ business model.
TRAC – the UK company behind ‘The Real Asset Company’ and ‘IndexGold’ brands – will now be a trading subsidiary under LION’s group structure.
The share price of Aim-listed ASA Resources rose more than 45% on Wednesday morning, after it announced that investment company Rich Pro Investments (RPI) has made an offer to acquire the company. RPI, which is owned by Chinese copper processing firm and nonferrous metals trader Hailiang, has offered to acquire the issued share capital of ASA at 2.1p a share, valuing ASA’s share capital at about £35.5-million.
India is falling behind in auctioning non-coal mineral blocks to private miners. According to government data, since the Mines and Minerals (Development and Regulation) Amendment Act (MMDRA) was promulgated in 2015, provincial governments have been able to auction only 29 mineral blocks against the “unofficial” target of allocating 50 assets in the first year of the new rules coming into play.
TSX-V- and Frankfurt Stock Exchange-listed Nexus Gold has entered into a letter of intent (LoI) with Belemyida to acquire the right to earn up to a 100% interest in the Rakounga gold property, which is adjacent to its Bouboulou project, in Burkina Faso. The 250 km2 Rakounga property borders Bouboulou on the west and south sides and hosts the Bouboulou 1 gold showing, which is the southern extension of the Bouboulou 2 trend. Bouboulou 1 is an active orpaillage with shaft workings that extend down by about 80 m.
Aim- and TSX-V-listed Galantas Gold will speed up underground development at its Omagh gold mine, in Northern Ireland, CEO Roland Phelps said on Wednesday, as the company provided an update on the project’s progress.
The update states that underground development is proceeding well, with the development tunnel having been advanced by about 47 m from the underground portal.
Kenmare Resources delivered strong production from its Moma titanium minerals mine, in Mozambique, in the first half of this year, with all production metrics higher than in the first half of 2016. Heavy minerals concentrate production increased by 18% year-on-year to 712 700 t, while ilmenite output rose 25% year-on-year to 504 800 t.
India is falling behind in auctioning non-coal mineral blocks to private miners.
According to government data, since the Mines, Minerals Development and Regulation Amendment Act (MMDRA) was promulgated in 2015, provincial governments have been able to auction only 29 mineral blocks against the “unofficial” target of allocating 50 assets in the first year of the new rules coming into play.
Liberty House Group, fresh off a deal for Australian steel mill Arrium, is among bidders for a Glencore coal mine that could fetch as much as A$500-million, people with knowledge of the matter said.
Liberty House’s GFG Alliance joint venture submitted an indicative offer for the Tahmoor mine by the deadline last month, according to the people, who asked not to be identified because the information is private. It’s among parties invited by Glencore to evaluate detailed information on the underground metallurgical coal mine ahead of second-round bids, the people said.
In the 19th century mansion in central Belgrade where bureaucrats plan some of Serbia’s important overseas projects, 64-year-old Ivan Mrkic is busy unpacking boxes teeming with the books, research papers and maps he needs to become an instant expert on China.
Mrkic, a one-time Foreign Minister, anticipates investors from Hong Kong and Beijing will pour tens of millions of euros into eastern Europe and he wants Serbia — among the poorest — to be ready. For decades, US money has powered steel plants and carmakers in post-Communist Europe, but the region is now hanging its hopes on China stepping into the void created by Donald Trump’s isolationist turn.
ASX- and Aim-listed Berkeley Energia has advanced its Salamanca uranium project from the development phase to the construction phase with the delivery of the primary crusher to the site in western Spain.
The 400-t/h crusher was manufactured by Sandvik Group, in Finland, and was one of the long-lead items that Berkeley bought from the proceeds of its $30-million equity raise at the end of last year.
Mining industry employers’ organisation Chamber of Mines’ (CoM’s) urgent interdict application to halt the implementation of the third iteration of the Mining Charter – published by Mineral Resources Minister Mosebenzi Zwane on June 15 – is likely to succeed, says Webber Wentzel partner Rita Spalding. One of the reasons is that Section 100(2)(a) of the Mineral and Petroleum Resources Development Act (MPRDA) only empowers the Minister to develop a broad-based socioeconomic empowerment charter. “It does not grant the Minister the power to alter, vary and/or revise such a charter,” says Spalding.
The coal wash plant for use at Aim-listed Edenville Energy’s Tanzania-based Rukwa coal mine has been cleared through Tanzanian customs and is being readied for transport to site. The wash plant is expected to arrive on site during the second half of July.
The directors of an embattled magnetite producer in rural Western Australia have again cast doubt over the future of the 1,000-strong workforce project as it reels from an almost half-a-billion dollar loss.
ASX-listed Centaurus Metals will raise some A$2.5-million to advance exploration at its gold and copper projects in Brazil.
The company on Wednesday announced it will undertake a partially underwritten rights issue under which eligible shareholders will be allowed to subscribe for five new shares for every nine held, at an issue price of 0.4c a share.
A prefeasibility study (PFS) into the Hayes Creek zinc-gold-silver project, in the Northern Territory, has found that the project would require a capital investment of A$58-million to construct a 450 000 t/y sulphide flotation process plant and associated infrastructure.
ASX-listed PNX Metals said on Wednesday that the project is expected to deliver annual concentrates of 18 300 t of zinc, 14 700 oz of gold and 1.4-million ounces of silver, generating net smelter revenues of A$628-million over a six-and-a-half year mine life.
Uranium miner Energy Resources of Australia (ERA) has reported a 25% fall in uranium oxide (U3O8) production during the three months to June, compared with the first quarter.
Uranium oxide production for the second quarter was down to 449 t U3O8, compared with the 666 t U3O8 produced in the previous quarter, with all ore sourced from existing stockpiles.
Gold miner Eastern Goldfields on Wednesday said that it would vigorously defend legal proceedings launched in the Western Australian Supreme Court by project house GR Engineering Services.
GR Engineering this week announced that it had started legal proceedings against Eastern Goldfields, claiming A$9.9-million plus interest and costs after commercial discussions between the two parties broke down regarding a contract for the refurbishment of the 1.2-million tonne a year Davyhurst gold processing plant, in Western Australia.
Graphite developer Kibaran Resources on Wednesday told shareholders that the recent legislative changes in Tanzania were unlikely to affect project funding for the Epanko project.
The company has held discussions with its international banking partners, which has supported Kibaran throughout the bankable feasibility study (BFS) process, and which now remain supportive of the debt financing process that was recently commenced.
Gold miner Resolute Mining produced 329 834 oz of gold in the year ended June, exceeding both its original and upgraded guidance of 300 000 oz and 325 000 oz, respectively.
All-in sustaining costs (AISC) for the year of A$1 130/oz were also better than the original cost guidance of A$1 280/oz and the revised guidance of A$1 150/oz.
Australia’s New South Wales state said on Wednesday it would buy back half of a coal exploration licence from China Shenhua Energy Co Ltd, bowing to pressure from farmers and environmentalists opposed to mining on prime agricultural land.
The government of Australia’s most populous state said it had agreed to pay A$262-million ($200-million) to buy back 51.4% of Shenhua’s exploration licence on the Liverpool Plains 400 km (250 miles) northwest of Sydney.
Mineral Resources Minister Mosebenzi Zwane has signed a memorandum of understanding (MoU) with his Chilean counterpart Aurora Elvira Williams for the two countries to cooperate in the mining and minerals field. The MoU, which was signed in Santiago during the LatAm Mining Cumbre, commits the two countries to cooperate in mineral processing and beneficiation; share experiences in underground mining, with a particular emphasis on technology and health and safety; and cooperate in mineral development, technology and skills transfer, including small-scale mining.
ASX-listed Kidman Resources has signed a joint venture (JV) agreement with lithium producer Sociedad Quimica y Minera de Chile SA (SQM) to develop and operate the Mt Holland lithium project, in Western Australia.
Under the terms of the agreement, SQM will invest $110-million, comprising a cash payment of $30-million to Kidman and a staged payment of $80-million to fund the initial development costs of the Mt Holland operation.
