Weekly Mining Highlights, 5th May 2019

A look back at some of the news from London-listed mining stocks

Bushveld Minerals Limited (LON: BMN) has doubled its vanadium processing capacity in South Africa with the acquisition of Vanchem for US$68mln.

Fortune Mojapelo, chief executive, said the deal cements Bushveld’s position as a leading global vanadium producer.

Strategic Minerals PLC (LON:SML) has made its first sales of copper cement from the Leigh Creek mine in Australia.

An initial shipment of five tonnes came from the Mountain of Light processing facility.

John Peters, managing director, said: “This first sale of high-grade copper concentrate, in the form of cement, firmly establishes LCCM as SML’s second cash generating project.”

Australian gold giant Newcrest (ASX:NCM) has now begun work on Greatland Gold PLC’s (LON:GGP) Havieron project after it signed a major earn-in deal earlier this year.

Newcrest has the right to acquire up to a 70% interest in a 12-block area by spending up to US$65mln.

Galileo Resources PLC (LON:GLR) and Jubilee Metals PLC (LON:JLP) are to begin talks over the supply of zinc ore to the Sable refinery in Zambia.

AIM-quoted Galileo said the acquisition means discussions can now begin with Jubilee over an off-take agreement to supply ore mined from its Star Zinc operation and other potential ore sources nearby.

Rambler Metals and Mining PLC (LON:RMM) processed a record level of ore for the second year running through its Nugget Pond facility in Newfoundland.

In total, the facility processed 364,176 dry tonnes in 2018 at a feed grade of 1.24% copper and 0.57 g/t gold.

READ
Share Talk Bulletin Board Heroes, Thursday 10th October 2019

Botswana-focused minerals explorer Kavango Resources PLC (LON:KAV) is looking ahead to an “exciting” 2019 following a “very busy” nine months or so since going public.

The company only joined the standard segment of the London Stock Exchange at the end of July, but it has already achieved “several significant milestones”, said chief executive Michael Foster.

African Battery Metals PLC (LON:ABM) said samples have been taken from 248 termite mounds at its Kisinka copper-cobalt project in the Democratic Republic of Congo.

A field camp has also been set up for 14 people conducting or supporting field activities. ABM said termite mound sampling continued and further updates on progress are planned.

Kore Potash PLC (LON:KP2) has switched tack in the Republic of Congo to a smaller potash project at the Dougou Extension (DX) site.

Until now, Kore Potash had focused on the much larger Kola project, but said it would require substantially lower investment to get DX up and running.

Apollo Minerals Limited (ASX:AON) continues to progress restart work at the Salau Tungsten Mine within its Couflens project in southern France

During the March quarter, the company received the approval to finalise the reinstallation of mine services including ventilation infrastructure.

 

 

Source Link www.proactiveinvestors.co.uk

 

Article originally published by proactive investors. Share Talk is not responsible for its content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

 

READ
Weekly Mining Highlights, 15th September 2019

 

Register for the Share Talk investor evening, London 26th November 2019

Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates.

Terms of Website Use

All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned

Malcare WordPress Security