Proactiveinvestors United Kingdom - General Mining - Iron Ore and Bauxite RSS feed Proactiveinvestors United Kingdom - General Mining - Iron Ore and Bauxite feed en Fri, 19 Jan 2018 09:40:51 +0000 Genera CMS Strategic Minerals not concerned by administrative delays to Leigh Creek acquisition Mon, 15 Jan 2018 13:20:00 +0000 Strategic Minerals achieves record sales from Cobre in Q4; on track for annual pre-tax profit surpassing US$1mln Tue, 09 Jan 2018 08:09:00 +0000 Bushveld Minerals completes US$11.1mln vanadium deal Thu, 21 Dec 2017 08:14:00 +0000 Bushveld raises £3.5mln with second tranche of convertible bonds Mon, 18 Dec 2017 12:41:00 +0000 Strategic Minerals set to buy Australian copper mine outright Fri, 15 Dec 2017 07:49:00 +0000 Strategic Minerals to speed up Cornwall tin project as drill results impress Mon, 11 Dec 2017 07:56:00 +0000 Bushveld Minerals rockets higher on Vametco buy-out Thu, 30 Nov 2017 15:20:00 +0000 Bushveld Minerals to take control of Vametco vanadium project through partner buy-out Thu, 30 Nov 2017 12:39:00 +0000 Anglesey Mining sees movement at Parys Mountain as base metal prices climb Thu, 30 Nov 2017 11:39:00 +0000 Bushveld Minerals vanadium acquisition timed to perfection Wed, 29 Nov 2017 13:40:00 +0000 Bushveld’s Lemur subsidiary secures anchor off-taker at Imaloto power project in Madagascar Thu, 23 Nov 2017 09:02:00 +0000 Bushveld Minerals tests first vanadium battery with South African power group Eskom Tue, 21 Nov 2017 08:22:00 +0000 Bushveld’s vanadium joint venture delivers solid third quarter results Mon, 20 Nov 2017 08:25:00 +0000 Bushveld coal subsidiary makes key hires for Imaloto power project study Fri, 17 Nov 2017 09:29:00 +0000 Bushveld Minerals announces revised mineral resource and reserve estimates for Vametco Thu, 16 Nov 2017 15:55:00 +0000 Bushveld Minerals completes tin division spin off Thu, 09 Nov 2017 12:47:00 +0000 Bushveld Minerals and Bushveld shareholders to own roughly 41.9% of AfriTin Mining when it lists Wed, 08 Nov 2017 08:08:00 +0000 Strategic Minerals completes first phase drilling at Hanns Camp Thu, 02 Nov 2017 11:03:00 +0000 Strategic Minerals continues to hit high-grade tin at Redmoor Tue, 31 Oct 2017 07:42:00 +0000 Strategic Minerals raises just over £1mln to fund Leigh Creek Mon, 30 Oct 2017 15:07:00 +0000 Bushveld Minerals updates resource estimates at Mokopane tin project ahead of demerger Fri, 27 Oct 2017 08:53:00 +0100 Bushveld’s AfriTin spin-off moves closer to listing on AIM Mon, 23 Oct 2017 08:38:00 +0100 Strategic Minerals signs term sheet to acquire copper mine Mon, 16 Oct 2017 14:58:00 +0100 Q&A with Strategic Minerals on 27 October - send us your questions Wed, 11 Oct 2017 13:31:00 +0100 Strategic Minerals delivers record sales from Cobre, anticipates profits of over US$1mln Tue, 10 Oct 2017 11:09:00 +0100 Strategic Minerals enjoying profitability and looking to grow core assets Fri, 29 Sep 2017 14:02:00 +0100 West African Minerals narrows full-year losses; well-positioned for pick-up in iron prices Fri, 29 Sep 2017 13:33:00 +0100 Bushveld raises up to £8 mln in new money through convertible bonds Mon, 25 Sep 2017 08:34:00 +0100 Anglesey Mining targeting production in 2020 for Parys project as metals prices rise Fri, 08 Sep 2017 14:00:00 +0100 Assays indicate Redmoor among world's top tin/tungsten projects says Strategic Minerals Thu, 07 Sep 2017 15:34:00 +0100 Strategic excited to see Cobre asset powering on Strategic Minerals (LON:SML) achieves record sales from it's Cobre asset in New Mexico which means it's on track for annual pre-tax profits surpassing US$1M. MD John Peters gives Proactive detail on those new results as well as fleshing out the sales and cash position.
Strategic sold just shy of 31,000 tons of magnetite ore in the three months to the end of December, for US$2.14M. Those figures are marginally up on the previous record of US$2.04M. John says profit margins are up at about 60%.

Wed, 10 Jan 2018 12:26:00 +0000
Strategic Minerals moves to buy Leigh Creek copper project outright John Peters, managing director of Strategic Minerals Plc (LON:SML), tells Proactive they're to buy the Leigh Creek copper mine in South Australia from Resilience Mining Australia outright following due diligence.

The deal, subject to documentation, is due to take place on January 16, 2018.

Fri, 15 Dec 2017 08:49:00 +0000
Strategic Minerals & NAE save the best till last with highest grades yet at Redmoor Peter Wale, director at Strategic Minerals Plc (LON:SML) and Gary Fietz, managing director at New Age Exploration (ASX:NAE) tell Proactive they've recorded the best results to date from drilling at the Redmoor Tin-Tungsten Project in Cornwall, U.K.

The last five holes of the phase II program all intersected high-grade zones within the Sheeted Vein System (SVS).

There were nine significant intersections averaging 8.4 metres at 1.34% tin equivalent and with grades up to 12.38% tin equivalent.

Redmoor is a 50:50 joint venture between New Age Exploration and Strategic Minerals Plc (LON:SML), through joint venture vehicle Cornwall Resources Limited.

Mon, 11 Dec 2017 13:28:00 +0000
Bushveld Minerals completes transition to Vanadium producer after Vametco buy-out Fortune Mojapelo, chief executive of Bushveld Minerals Ltd (LON:BMN) tells Proactive they're to take control of the Vametco vanadium project in South Africa through the buy-out of partner Yellow Dragon.

Shareholders will need to approve a reverse takeover that will see Bushveld pay US$11.1mln in cash and shares for Yellow Dragon’s 55% of their BVL joint venture.

Fri, 01 Dec 2017 13:15:00 +0000
Super bullish Strategic Minerals MD buys shares for son John Peters, managing director of Strategic Minerals Plc (LON:SML), caught up with Proactive's Andrew Scott to discuss his recent purchase of 500,000 ordinary shares in the company.

Peters also touches on their recent move into a new office on site at Cobre as well as looking ahead to what investors can expect between now and the end of the year.

Thu, 30 Nov 2017 12:37:00 +0000
'It's all coming together' at Anglesey's Parys Mountain zinc-copper-lead project Anglesey Mining plc (LON:AYM) chief executive Bill Hooley talks to Andrew Scott at Mines and Money 2017 in London.

Hooley says "it's all coming together" at its Parys Mountain project, with zinc and copper prices heading higher.

Anglesey is currently carrying out development work at its Parys Mountain zinc-copper-lead project in North Wales.

The explorer also has stakes in a couple of iron projects in Canada and Sweden.

Wed, 29 Nov 2017 09:00:00 +0000
Tin, Coal and why Vanadium is Bushveld Energy's new success story Energy storage big hitter vanadium plus tin and coal are all part of the Bushveld Minerals Limited (LON:BMN) success story over the last year. CEO Fortune Mojapelo tells us why Bushveld anchored to vanadium in the first place and why it's such a compelling energy storage proposition with increasing usability worldwide.
News too on Bushveld's power purchase agreement with Madagascar state-owned utility, JIRAMA, located at the mine-mouth of Lemur's approximately 136mln tonnes of coal.
Mojapelo also explains how the addition of a power component will unlock the full value of their coal asset, while at the same time securing reliable electricity off-take backed by a government entity. Plus some detail on the Vametco acquisition.

Wed, 29 Nov 2017 07:44:00 +0000
Strategic Minerals very encouraged by early exploration at Hanns Camp Alan Broome, chairman of Strategic Minerals Plc (LON:SML) discusses with Proactive's Andrew Scott the results of the first phase of exploration drilling at Hanns Camp.

Broome says the results are highly encouraging for the prospectivity of the mineralisation and give them a solid base for further exploration.

Thu, 02 Nov 2017 11:25:00 +0000
Strategic Minerals secures key institutional investor through £1.5mln raise John Peters and Peter Wale from Strategic Minerals Plc (LON:SML) return to the Proactive Investors studio to discuss their £1.5mln raise.

The placing was significantly oversubscribed, and was increased from an initial target of £500,000.

The money was raised at more than five times the price of the company's last fundraising on 2 November 2016.

Peters says: ''A new institutional investor participated in the placing in addition to the company's largest existing shareholder, the Manners family''.

Mon, 30 Oct 2017 09:18:00 +0000
Strategic Minerals could double with Leigh Creek copper acquisition Strategic Minerals Plc's (LON:SML) John Peters and Peter Wale sat down with Proactive for an extended Q+A on recent developments at the company as well as plans for 2018.

''What we've been proven good at it is identifying value and then nurturing it through to a point where other people start to see it'', John Peters says.

He adds: ''It's getting more and more exciting as it goes and the lucky thing is we've got such a great group of shareholders and they're following us with it and enjoying the journey .. I just see opportunity after opportunity''.

Fri, 27 Oct 2017 14:10:00 +0100
Strategic Minerals quickly building up pieces of the puzzle with copper acquisition Strategic Minerals chairman Alan Broome and director Peter Wale tell Proactive's Andrew Scott they've entered into a binding term sheet to acquire, subject to due diligence, the Leigh Creek copper mine in South Australia from Resilience Mining Australia.

The project represents a near-term low-capex copper production opportunity with early cashflow generation potential.

They also update on developments at Redmoor and CARE as well as giving a few words following on from Cobre's quarter of record sales.

Mon, 16 Oct 2017 15:22:00 +0100
''Show me the money!'', says Strategic Minerals' John Peters as Cobre clocks up record sales John Peters, managing director of Strategic Minerals Plc (LON:SML), tells Proactive's Andrew Scott sales of US$2.036 mln from the Cobre magnetite tailings project for the three months to September 2017 marked a new record for the company.

The latest sales record is based around production of 29,539 tonnes.

The sales in dollar terms represent a 300% increase on the sales figure for the corresponding period a year ago.

Tue, 10 Oct 2017 11:18:00 +0100
Strategic Minerals eyeing profitability and transactions in the second half John Peters, managing director of Strategic Minerals Plc (LON:SML), caught up with Proactive's Andrew Scott on the back of their first half 2017 results.

Operating profit at Cobre in New Mexico rose to US$690,000 in the six months compared to US$62,000 a year ago, leading to a profit before tax for the group of US$158,000 compared to a loss last year.

Cash flow from Cobre is expected to accelerate in the second half after a substantial contract was won in June.

The period also saw an investment of £843,649 (US$1.068mln) into Cornwall Resources Limited (CRL), the owner of the Redmoor tin/tungsten project, increasing Strategic's interest to 50%.

Fri, 29 Sep 2017 11:41:00 +0100
Strategic Minerals encouraged by early drill results at Redmoor John Peters, managing director at Strategic Minerals Plc (LON:SML), talks through the highlights from their recent 10 hole drill programme at Redmoor.

Peters also touches on their August sales figures from Cobre in which they notched up a new record - more than doubling the previous record posted in July this year.

Thu, 07 Sep 2017 14:30:00 +0100
Gold maintaining its upward rally and 'looking likely to continue' Mining Capital's Alastair Ford discusses the continued strength of gold and the health of the US economy.

He also touches on the wider context - using Black Iron Inc (TSE:BKI) as an example.

''Black Iron's an interesting case and point ... if you put aside the media reports and the geopolitical fears, the economic situation is relatively healthy and the Iron Ore price has been shooting back up from lows it hit last year'', Ford says.

''Black Iron has a very useful project in Ukraine that actually was only de-railed by Russian President Putin's invasion of Ukraine''.

Fri, 01 Sep 2017 11:02:00 +0100
Strategic Minerals kicks off first phase of 2017 drilling at Hanns Camp John Peters, managing director of Strategic Minerals Plc (LON:SML), tells Proactive their wholly-owned subsidiary, Central Australian Rare Earths, has commenced the first phase of the 2017 Hanns Camp drilling programme.

Peters also talks through his move to double his stake in the company to 20 mln shares after exercising a portion of his currently vested options.

Plus, he adds more detail to a recently announced options programme designed to incentivise the Board and Management to target, over the next five years, a market capitalisation of £100 mln.

Wed, 30 Aug 2017 12:25:00 +0100
Bushveld Minerals riding high on back of strengthening Vanadium prices Mining Capital's Alastair Ford looks back on what's been a busy few weeks for Bushveld Minerals Limited (LON:BMN).

They've announced they're moving forward with plans for a vanadium electrolyte plant in South Africa after a study predicted battery demand is set to soar.

They've also started work on an AIM listing for its tin business, Greenhills Resources.

Thu, 17 Aug 2017 15:13:00 +0100
'We'll do it' - Strategic Minerals' John Peters on their 5-year £100mln market cap target John Peters, managing director of Strategic Minerals Plc (LON:SML) discusses their Q2 2017 update.

Peters adds they've set themselves a target to reach a market capitalisation of £100mln over the next five years.

Revenues from New Mexico–based iron ore business Cobre Magnetite hit another record in July, though the quarter to June was affected by transport issues at the end of the three months.

Thu, 10 Aug 2017 13:05:00 +0100
Why are Strategic Minerals Plc getting excited about rare earths ? Having acquired a 100% interest in CARE - Central Australia Rare Earths - Strategic Minerals Plc (LON:SML) chairman Alan Broome outlines to Proactive's Andrew Scott why they're interested in rare earths and the huge upcoming market potential for them.

''West Australia is a well-known rare earth province … we're in the right place''.

''We are looking into the future a little bit, but that's the business Strategic Minerals is in'', Broome says.

''We're looking to find areas where we can advantage our shareholders by effectively being in the right place at the right time as the demand goes up''.

Tue, 18 Jul 2017 06:05:00 +0100
Tesla deal 'hugely encouraging for Cobalt miners' - Mining Capital's Alastair Ford Mining Capital's Alastair Ford talks through the deal with electric car firm Tesla and energy company Neoen to build the world's largest lithium ion battery in Australia.

''Cobalt companies are perhaps most under the radar when it comes to lithium batteries because they can't be built without cobalt at the moment and cobalt is a more complex metal to get hold of from a mining perspective than lithium is'', Ford says.

''Cobalt almost exclusively comes as a by-product of copper mining and what we've seen lately in the cobalt industry is that prices have shot up because copper's not being produced as much as it was''.

Ford adds that while cobalt production has slowed demand has rocketed because of this electric battery demand.

Talking through a couple of names in the Cobalt space and those set to really benefit from the upswing in demand, he discusses Metal NRG (LON:MNRG), Strategic Minerals (LON:SML) and what they're up to at Hanns Camp in Australia as well as Greatland Gold (LON:GGP) among a number of others.

Fri, 07 Jul 2017 10:42:00 +0100
Ironveld eyeing up production and profitabilty by Q1 next year - CEO Peter Cox Peter Cox, chief executive of Ironveld (LON:IRON) talks Proactive's Andrew Scott through the latest developments at their High Purity Iron, Vanadium and Titanium Project in the Northern
Limb of the Bushveld Complex in Limpopo Province, South Africa.

Cox also goes through the detail on their recent £2.1mln fundraise as well as ongoing discussions regarding the potential acquisition of a 7.5 MW smelting plant and associated independent power plant in Middleburg, South Africa.

Tue, 27 Jun 2017 16:07:00 +0100
Strategic Minerals gets hands-on at Hanns Camp as exploration kicks off Strategic Minerals Plc (LON:SML) managing director John Peters and chairman Alan Broome discuss with Proactive's Andrew Scott their three stage exploration programme by subsidiary Central Australian Rare Earths (CARE) in Western Australia.

Hanns Camp will see the first exploration with 2,000 metres of shallow hole drilling focused on finding cobalt and nickel.

Stage two will involve deeper drilling looking for nickel sulphide deposits.

The third stage will see a soil sampling campaign at Mount Weld, 30km to the south, to identify rare earths and gold targets.

Mon, 26 Jun 2017 08:44:00 +0100
'There's everything in our favour' - Strategic Minerals' John Peters & Peter Wale Strategic Minerals (LON:SML) managing director John Peters and non-executive director Peter Wale caught up with Proactive's Andrew Scott to update on developments at their Cobre, Redmoor and CARE Projects.

On Cobre, Peters says 'We're actually looking forward to some fairly healthy cash flow in the future''.

As far as Redmoor in Cornwall is concerned, ''We're very much in the midst of the drilling programme … it's all going to plan and we're very happy with our team we've got down there'', Peter Wale says.

''There's a chance really to produce a legacy project here'', Wale adds.

And on their decision to acquire 100% of CARE and the Hanns Camp project in Western Australia .. ''We think it's a great project'', says John Peters.

''We've been looking at things and it's looking fairly exciting for us'', Peters says.

Peter Wale adds: ''We've got high prospectivity, decent optionality … there's everything in our favour that from a probability point of view we could strike some very good results … it could be very exciting''.

Mon, 12 Jun 2017 08:14:00 +0100
Strategic Minerals 'takes bull by the horns' with full control of CARE John Peters, managing director of Strategic Minerals Plc (LON:SML), talks through their decision to acquire CARE - Central Australia Rare Earths.

Fri, 05 May 2017 08:55:00 +0100
New Cobre client could prove 'spectacular' for Strategic Minerals, says John Peters John Peters, managing director of Strategic Minerals Plc (LON:SML) talks Proactive's Andrew Scott through the company's quarterly update for the three months to March.

The period saw record local sales at its iron ore tailings plan at Cobre in New Mexico, which is helping to fund exploration programmes for tin and tungsten in Cornwall and cobalt in Australia.

Strategic also recently signed up a new client at Cobre that it anticipates will double sales over the current year.

Fri, 21 Apr 2017 11:56:00 +0100
Strategic Minerals' John Peters 'very happy' with new Cobre supply deal John Peters, managing director of Strategic Minerals Plc (LON:SML) talks Proactive through the company's new supply deal.

The contract, with an unnamed private company, is for 400,000 tons of magnetite from the Cobre facility in New Mexico over several years at market prices.

Mon, 10 Apr 2017 11:09:00 +0100
Bushveld Minerals' Vametco acquisition 'an amazing deal', says SP Angel's John Meyer SP Angel analyst John Meyer sums up Bushveld Minerals' Vametco acquisition as an amazing deal.

Bushveld has signed off on its long-awaited and transformational deal to buy Russian firm Evraz's 78.8% stake in Strategic Minerals Corporation.

The latter holds 75% of Vametco Alloys which in turn runs the Vametco vanadium mine and process plant 8km northeast of Bushveld's Brits project.

''The timing was fantastic, they agreed what we think is a bargain price ... and since the deal was agreed the Vanadium price has picked up and from what I see it looks as if Bushveld is essentially using Vametco's own balance sheet to finance the deal through what is quite an innovative debt structure'', Meyer says.

Fri, 07 Apr 2017 14:43:00 +0100
Bushveld Minerals shares could see 12p - Zak Mir Bushveld Minerals investors have seen exciting trading and the AIM quoted share marking a ‘stellar’ performance, highlights Tip TV’s Zak Mir.

The technical analyst notes a rising trend, and sees potential for the price to rise to around 12p in the ‘best case scenario’.

Thu, 30 Mar 2017 10:05:00 +0100
Cobre deal could be a 'game-changer' for Strategic Minerals, says John Peters Strategic Minerals PLC (LON:SML) has potentially picked up a substantial new customer for its iron ore tailings business, Cobre, in New Mexico.

Before the contract becomes effective, Galvin Investment Company (GIC) must provide a US$100,000 Letter of Credit from an acceptable bank.

Managing Director John Peters tells Proactive he's treading with some caution until the full contract is signed.

Tue, 14 Mar 2017 12:56:00 +0000
'A big day for Strategic Minerals' with drills poised to hit the ground at Redmoor Peter Wale, director at Strategic Minerals PLC (LON:SML) tells Proactive they're ready to go with their first drilling programme at Redmoor in Cornwall.

Energold Drilling will drill 13 holes in the first phase to be followed by a second phase of 10 additional holes. There is provision for a further six holes subject to additional planning and land owner approvals.

Thu, 02 Mar 2017 14:16:00 +0000