Golconda kicks off mining at Princeton Top

Golconda Gold has commenced mining at, and delivered its first ore to the processing plant, from Princeton Top, a key step in its development plan to significantly increase production at its Galaxy gold mine in South Africa.  “The commencement of mining at Princeton Top is ahead of schedule and is a testimony to our hard-working team at Galaxy,” said Nick…

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Omai Gold making strides in Wenot project

Omai Gold Mines announced positive results from its first preliminary economic assessment  for the Wenot project – one of two gold deposits located on its past-producing Omai property in Guyana.  The report supports an initial open-pit mining scenario for production averaging 142,000 ounces of gold per year over a 13-year mine life, with peak year production of 184,000 oz. Total…

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Stanmore snatches up South32’s share of Eagle Downs

Western Australia-based South32 said its subsidiary South32 Eagle Downs has agreed to divest its 50% interest in the Eagle Downs metallurgical coal project in Queensland to a Stanmore Resources subsidiary. The miner, which owns the project along with China Baowu subsidiary Aquila Resources, is divesting its interest for US$15 million. The transaction is expected to be completed by year’s end.…

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Production of first copper concentrate at Kanmantoo

Hillgrove Resources has achieved a significant milestone with the production of first copper concentrate from the Kanmantoo underground mine in South Australia following successful commissioning of the processing facility. “Completing this transition from explorer to producer makes Hillgrove Resources one of only a few copper producers on the [Australian Stock Exchange], and doing so in eight months highlights the company’s…

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Regulator orders Russell Vale to cease mining operations

The New South Wales Resources Regulator has prohibited Wollongong Resources’ Russell Vale Colliery to mine coal due to ongoing safety concerns, reported ABC News. The Mining and Energy Union told the news service that there have been at least five significant frictional ignition events at the underground mine in the past eight months. “The prohibition notice will remain in place…

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Debswana supports Jwaneng underground transition

The board of Debswana, the joint venture between De Beers Group and the government of Botswana, has approved investment for a key development phase of the Jwaneng underground project, paving the way for the world’s most valuable diamond mine to transition from open pit to underground operations. The US$1 billion (BWP 13.6 billion) investment in the Exploration Access Development Phase…

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Barrick testing the waters for a First Quantum takeover

Barrick Gold CEO Mark Bristow has spoken with some of First Quantum Minerals’ major investors to gauge their support for a potential takeover as the gold giant seeks to become a major copper producer, reported Bloomberg. Canadian-based First Quantum has been left vulnerable after Panama ordered the closure of its new Cobre Panama mine last month, wiping out more than…

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