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23/04/13
Metals Exploration set to push button on major development
Ian Holzberger, Executive Chairman of Metals Exploration, explains why his firm is on the cusp of realising the value of the work that has been put into the Runruno gold project, in the northern Philippines.
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07/03/13
Metminco: Peru scoping study puts firm 'in very strong position' at Los Calatos
William Howe, Managing Director of Metminco (LON:MNC ASX:MNC), tells Proactive Investors about his firm's plans for the Los Calatos copper project in Peru. He talks about recent results from a scoping study, as well as the search for a strategic partner to work on the site. Howe also addresses concerns about the company's capital position and explains why it is so important Los Calatos has been designated 'a site of national interest'.
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10/12/12
Hanging wall seam too good to ignore, says Elemental Minerals
Checking out a hanging wall seam at its Sintoukla potash project in the Republic of Congo was "a tough call", CEO Iain Macpherson conceded, as it will delay the production of the bankable study. However, the grades "were too good to ignore." Elemental Minerals is looking for a strategic partner to help it develop Sintoukola.
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07/12/12
Anglesey Mining CEO talks about timing in the zinc markets
Bill Hooley, CEO of Anglesey Mining (LON:AYM) explains that the drop in the iron ore price impacted the business, but that prices have now rebounded from the August September lows and things are now much improved at the Canadian operations. Bill also says that so far as the operations in Wales are concerned at the Parys Mountain copper lead zinc project, he says the timing of the production targets should work well for the company.
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07/12/12
Carlisle Goldfields continues to grow its gold asset
Vance Loeber Corporate Development at Carlisle Goldfields (TSE:CGJ) says that its Manitoba asset has a prefeasibility study that is underway with delivery "soon". Vance says that with just under $5mln in the bank the company is in a good position and will continue to grow the asset. He is particularly upbeat about the prospects for investment in the right asset
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07/12/12
Kincora Copper continues to analyse drill results
John Rickus President & CEO at Kincora Copper (TSX-V:KCC) says that the company continues to drill and is consistently finding evidence of copper. The strategy remains to further the drill campaign until it finds a large deposit that it believes is in the region. John says the fact that Mongolian company MAK has just opened a $1bln mine close by gives the team at Kincora encouragement that the company is in the right region.
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07/12/12
Siburan Resources looks to "exciting" drill phase
Noel Ong MD Siburan Resources (ASX:SBU) has the Kirwan drilling progamme paid for and the remainder of the cash should see the company through to early stage resource identification. Noel says that in terms of the investment opportunity, the market cap is currently twice cash and the investment picture could change when the drill phase starts up.
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07/12/12
Bushveld Minerals adds another 100mln ton iron ore resource
Fortune Mojapelo CEO of Bushveld Minerals says the company has "very good grades" of iron ore and it's just increased the resource by 100mln tons. Bushveld is already engaged in conversations with potential partners. On the tin resource, Fortune says that this is the only AIM listed tin play. He says that the company is very much on the path of consolidation of other local tin assets and he hopes for tin production in 18-months.
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07/12/12
Aureus Mining looks to a "very busy" 2013 on the move to production
Paul Thomson CFO Aureus Mining (LON:AUE) in advance discussion to raise the debt need to take the company through to the building of the New Liberty gold project. Weaju drilling has just started and Q1 should see results start to come through. Paul explains how Liberia benefits from the mine development and how shareholders will benefit from a strict regime when considering capital and operational expenditure requirements.
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07/12/12
Sunridge Gold moves as "rapidly" as it can towards production
Michael Hopley President and CEO of Sunridge Gold (CVE:SGC) explains that the company, with money in the bank for the feasibility study, has a lot of copper and precious metals on the project and now hopes to be in production earlier than initially indicated. Michael also says that investors should look to exploration results next year.
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07/12/12
Amara Mining says Samsung partnership is key
Pete Gardner FD at Amara Mining (LON:AMA) talks about the transformational year that the company has seen. Pete says that the company is investing to grow and the target is to become a mid-tier gold production company with 250,000 production profile and a 10-year mine life span. The Samsung partnership, Pete says, is key and will deliver un-hedged debt from a "hugh huge player", all to the advantage for AMA shareholders.
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07/12/12
Parsons Brinckerhoff "optimistic and excited" about 2013
Cameron Kirkwood from Parsons Brinckerhoff explains that while there is "movement in the market" and that business is building up it has been a difficult time. Cameron says that Africa is a place where "things are moving on", but Australia and North America are also places where business if good.
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07/12/12
Stratex International looks ahead from the Inlice sale
Bob Foster, CEO Stratex Intl (LON:STI) explains that the Inlice sale, while it was beyond any control of STI, it enables the management team to focus on other projects. With £4mln in the bank Bob hopes that there will not be any need to return to the market, but he says that he would "never want to say never" as there may be opportunities for companies like STI.
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07/12/12
Miners should focus more on cash flow, advises Whittle Consulting
Gerald Whittle, boss of Whittle Consulting, says the message to mining companies from shareholders is to focus more on cash flow. Whittle Consulting believes "self generating cash" is the way to go.
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07/12/12
Black Mountain Resources has big cushion on silver price
Terry Tew, chief operating officer of Black Mountain Resources, said the company will be in production from the second quarter of next year. That will generate cash flow but it may need "a little bit of debt funding" at the end of the project. Tew asserts that the price of silver could halve from where it is now "and we would still have marketable product".
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07/12/12
Fox Marble Holdings said "unlawful" annulment has had no effect on operations
Fox Marble Holdings (LON:FOX) was recently served notices by the Independent Commission for Miners and Minerals (ICMM) in Kosovo annulling four of the miner's five mining licences in the country. Chris Gilbert, chief executive officer, said the company does not believe it is in breach of the terms of any of its licence and, in any case, the ICMM did not follow the proper procedure in serving the notices. Chris says that the recent snowfall has had more of an effect on the company's commercial operations in Kosovo than the ICMM's action.
