Commercial production has been declared at Red 5’s King of the Hills gold operation in the Eastern Goldfields region of Western Australia as its mining and processing has reached a steady state. Read article.
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Glencore gains larger stake in MARA project
Glencore will soon own 43.75% of the MARA project in the Catamarca province of Argentina after entering an agreement to acquire Newmont’s 18.75% shareholding. Under the terms of the deal, Glencore will pay Newmont $124.9 million upon closing and a $30 million deferred payment upon commercial production subject to an annual interest charge of 6%. Total deferred consideration is capped…
Read MoreConstruction done, commissioning begins at Las Chispas
SilverCrest Metals has confirmed that its consultant partner, Ausenco Engineering Canada, has wrapped up construction work on the Las Chispas processing plant in Sonora, Mexico, and has handed it over to the miner for commissioning ahead of schedule. Read full article.
Read MoreFirst copper flotation at refurbished Kombat plant
Trigon Metals, owner of the Kombat processing plant in Namibia, confirmed that the refurbishment of the facility is now mostly complete, with first flotation copper concentrate commissioning commenced.
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