Commodity 2
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November 21, 2024
Commodity
November 20, 2024
November 20, 2024 (Source: Akobo Minerals AB) OSLO, 20 November 2024 — Akobo Minerals AB (publ) (Euronext and Frankfurt: AKOBO) a Scandinavian-based Ethiopian gold exploration and mining company, in collaboration with the Ethiopian government, proud
Highlights: Mine plan optimized with reduced strip ratio bringing additional 78k ounces of palladium, 34k ounces of Platinum and 2M lb of Copper in the first 3 years Estimated $190M in additional payable revenues 1 and operating cost benefi
TORONTO , Nov. 20, 2024 /CNW/ - 1911 Gold Corporation ("1911 Gold" or the "Company") (TSXV: AUMB ) (OTC: AUMBF) is pleased to report an updated underground Mineral Resource Estimate ("MRE") for the True North Gold Project, located within the C
In the presence of the President of Ghana, Akufo-Addo, and the Chinese Ambassador to Ghana Tong Defa, a ceremony was held recently on November 8 to mark the commissioning and first gold pour at Shandong Gold’s Cardinal Namdini gold project, which is
November 15, 2024
November 15, 2024 (Source: Peninsula Energy Limited) KEY POINTS • Site preparations at the Company’s flagship Lance Uranium Project continue to progress towards recommencement of production operations in December 2024 • The Lance Central Processing Plant (“CPP”) expansion construction contract is being transitioned to a fixed cost basis • The final CPP capital cost is projected to be US$9.5M higher than previous estimate • PEN maintained a cash balance of US$68M at 31 October 2024 and is funded well beyond first production • Working capital and debt facility funding discussions are advanced • CY2025 ramp-up production profile revised downward to 600,000 lbs U3O8 reflecting current status of projectwide development (previous range of 700,000 to 900,000 lbs) • Overall CY2026 and
November 14, 2024
November 14, 2024 (Source: Amaroq Minerals Ltd.) TORONTO, ONTARIO – 14 November 2024 - Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland , presents its Q3 2024 financials.All dollar amounts are expressed in Canadian dollars unless otherwise noted. ) A conference call for analysts and investors will be held tomorrow, 15 November 2024 , at 08:30 GMT , details of which can be found further down in this announcement. Eldur Olafsson, CEO of Amaroq, commented: " We are now on the cusp of achieving first gold at Nalu naq , a major milestone which will start initial cash flow ahead of a ramp-up to commercial production
November 13, 2024
November 13, 2024 (Australian Mining) - Mineral Resources (MinRes) will transition its Bald Hill lithium mine in Western Australia into care and maintenance amid cyclically low lithium prices. The major miner acquired Bald Hill for $260 million in late 2023 to ensure the operation’s profits stay in Australia. MinRes will now transition the operation into care and maintenance to preserve the mine’s cash and the spodumene orebody’s value for when global lithium market conditions improve. During care and maintenance, MinRes will continue to optimise mine plans, scale and operating structure ahead of any future restart. The company will cease Bald Hill’s mining and mobile maintenance operations on November 13 and will temporarily cease operations at the spodumene concentrate plant a
November 6, 2024
November 6, 2024 (Source: Lotus Resources Limited) Lotus Resources Limited (ASX: LOT, OTCQX: LTSRF) (Lotus or the Company) is pleased to provide an update on restarting production at its Kayelekera Uranium Project in Malawi in Q3 2025, with works progressing to ensure the Company becomes the next significant global uranium producer. HIGHLIGHTS • A$130 million Placement with A$25 million cash at end of September 2024 and Share Purchase Plan (SPP) to ensure a fully funded mine restart o Tranche 1 settled o Tranche 2 shareholder approval meeting scheduled for 6 December 2024 o SPP currently closing on 14 November 2024 • Onsite team of 150 expat and local personnel recruited and deployed o Camp and plant refurbishment underway • Critical long lead items ordered: o Including calc
October 31, 2024
October 31, 2024 (Source: Reuters) TOKYO, Oct 31 (Reuters) - Japanese trading house Sumitomo Corp , opens new tab said on Thursday it was slowly resuming production at the Ambatovy nickel and cobalt project in Madagascar after last month's pipeline issue and is reviewing future output volumes. Sumitomo has been struggling to stabilise production and improve profitability at the Ambatovy project, which launched in 2005. "Our priority for the Ambatovy is to normalize production by addressing operational issues," Chief Executive Shingo Ueno told a news conference. "After that, we'll consider all options to determine the best course, as we've stated before," he added, noting that options include retaining the project or selling a stake to another company and let them be the operator.
October 30, 2024
LONDON, UK / ACCESSWIRE / October 30, 2024 / Orosur Mining Inc. ("Orosur" or "the Company") (TSXV:OMI)(AIM:OMI) the minerals developer and explorer with operations in Colombia, Argentina and Nigeria, announces its unaudited results for the quarter ended August 31, 2024. All dollar figures are stated in US$ unless otherwise noted. The unaudited condensed interim financial statements of the Company for the quarter ended August 31, 2024 and the related management's discussion and analysis ("MD&A") have been filed and are available for review on the SEDAR+ website at www.sedarplus.ca. The financial statements and the MD&A are also available on the Company's website at www.orosur.ca . ... In Uruguay the Company's wholly owned subsidiary, Loryser, continues to focus its activities o
October 25, 2024
October 25, 2024 (Australian Mining) - Expansions, restart studies and encouraging drill results have set the scene for a robust 2024–25 financial year (FY25) for Core Lithium. Restart studies at the Finniss lithium mine in the Northern Territory remain on track, with Core announcing a significant expansion in the BP33 ore reserve, now up to 8.7 million tonnes. Core is targeting restart completion in the second half of FY25 , with Finniss maintained in a state of operational readiness. Drilling at Shoobridge also uncovered encouraging results, confirming multi-commodity potential. Core chief executive officer Paul Brown said the team is pleased with the progress made during the September quarter. “It was an important time for the company, during which we addressed and
October 22, 2024
October 22, 2024 (Australian Mining) - Vale Base Metals’ Stobie open-pit mining project in Canada has recommenced operations, marking a new era for the asset. The Stobie nickel-copper operation was last mined in March 2017. The mine was placed under care and maintenance due to low metal prices and declining ore grades. Now, Stobie is ramping back up amid the world’s increasing demand for critical minerals needed for the global energy transition and reaching net-zero goals. Aiding the Stobie operations is Thiess, which is implementing modern technology to effectively extract minerals from lower-grade deposits. The original equipment manufacturer is contracted to carry out the mining services for three years. Thiess welcomed Canadian Energy and Natural Resources Minister Jonatha
October 21, 2024
Temporary Shutdown for Maintenance and Repairs to Support Development of New Pit and Increased Production Capacity Customers to be Served from Existing Inventory to Avoid Disruptions Battery Division's Porocarb ® Product Attracting Serious Interest from Battery Makers Ottawa, Ontario--(Newsfile Corp. - October 21, 2024) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the " Company " or " Northern ") announces that the Company will temporarily shut down its processing facility at Lac des Iles ( "LDI" ) in order to complete repairs and maintenance and enable the mill to increase throughput to meet growing demand for natural graphite sourced outside of China. The shutdown will begin on November 2nd, with production estimated to res
Vancouver, British Columbia--(Newsfile Corp. - October 21, 2024) - Starcore International Mines Ltd. (TSX: SAM) (FSE: V4JA) (" Starcore " or the " Company ") is pleased to announce that operations at San Martin have resumed with the mine returning to normal capacity and productivity, following the upgrades to safety standards that were put into immediate effect by the Company. "We would like to thank the Secretaria del Trabajo y Prevision Social (Secretary of Labor & Social Welfare), the Procuraduría Federal de Protección al Ambiente (PROFEPA) (Federal Attorney for Environmental Protection), the Protección Civil del Municipio de Colon, Queretaro (Civilian Protection Department of the Municipality of Colon, Queretaro), and the various government officials who worked diligently with