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MC Mining signs offtake agreement with ArcelorMittal

MC Mining signs offtake agreement with ArcelorMittal

MC Mining (LON:MCM) has completed an offtake agreement with ArcelorMittal South Africa which will use the Makhado mine as its domestic supplier for steel as until now, it had to import the vast majority of its coking coal needs. Initially, ArcelorMittal commits to purchase 350,000 tonnes of hard coking coal […]

Delrey Metals: Titanium could be more valuable than the iron ore and vanadium

Delrey Metals: Titanium could be more valuable than the iron ore and vanadium

Delrey Metals (DLRY.C) has reported the updated assay results from its Four Corners project in Newfoundland in Labrador as the company’s consultants have now used a metaborate fusion assay method to re-sample some of the historic drill core. Applying the metaborate fusion method should result in a more complete digestion […]

Newcrest and Greatland Gold start drilling at Havieron

Newcrest and Greatland Gold start drilling at Havieron

Newcrest Mining (ASX:NCM) has mobilized a drill rig to the Havieron project pursuant to an earn-in agreement with Greatland Gold (LON:GGP), whereby Newcrest will be able to earn an interest of up to 70% in the project by spending at least US$65M on exploration on the property. The initial drill […]

Saturday Read: Atalaya Mining is profitable and cash flow positive

Saturday Read: Atalaya Mining is profitable and cash flow positive

A little while ago, Atalaya Mining (AYM.TO, LON:ATYM) reported its financial results of the first quarter of the year after it had already pre-published its production results (re-read them here). The impact of the lower copper price ($2.80 per pound on average) was mitigated by an 8.2% production increase as […]

White Rock Minerals commences drilling at Red Mountain

White Rock Minerals commences drilling at Red Mountain

White Rock Minerals (ASX:WRM) and partner Sandfire Resources (ASX:SFR) have started a new drill program on the Red Mountain VMS project in Alaska. Two diamond drill programs have been approved as one of them will follow up on the discovery of the Hunter zone last year, and a second drill […]

Western Copper and Gold starts Casino drill program

Western Copper and Gold starts Casino drill program

Western Copper and Gold (WRN.TO, WRN) has started a 10,000 meter drill program on the Casino copper-gold project in Canada’s Yukon Territory. The drill program will be completed by two diamond drill rigs that will punch holes with depths ranging from 150 meters to 400 meters, in an attempt to […]

Lucapa Diamond sells US$7.3M worth of diamonds YTD

Lucapa Diamond sells US$7.3M worth of diamonds YTD

Lucapa Diamond (ASX:LOM) (not to be confused with Lucara Diamond) has sold 7,008 carats of rough diamonds at an auction in Antwerp for a total of US$3.5M, including some diamonds selling for US$26,000 per carat which is substantially higher than the average sales price of US$588/carat for the total production […]