IronRidge Resources (LON:IRR) has unveiled an initial 4.9 million tonne (MT) resource of bauxite at its Monogorilby project in Queensland, Australia.
Bauxite is processed to produce aluminium and this maiden resource comes a time when major miners are approving significant long-term project expansions to meet growing demand, the group said.
Minerals sands group Sierra Rutile Limited (LON:SRX) has received a 36p per share cash offerfrom peer Iluka Resources Limited.
Sierra’s director said discussions were at an advanced stage and advised shareholders to take no action.
More good numbers from Shanta Gold Limited (LON:SHG) earlier this month as the companyreleased quarterly results from its New Luika gold mine in Tanzania.
Total gold produced in the three months to 30 June amounted to 23,896 ounces, down slightly on the 24,341 ounces produced in the previous quarter, but produced at a lower cash cost.
Spanish uranium mine developer Berkeley Energia Ltd (LON:BKY) says it's mulling a range of options to fully fund its Salamanca mine, where initial infrastructure work has now started.
In a quarterly report, the clean energy group said it has been approached by a number of groups due to the site's low operating and capital cost.
Quarrying and building materials group Breedon Aggregates Ltd’s (LON:BREE) acquisition of Hope has been cleared by the Competition and Markets Authority (CMA).
In April, Breedon agreed to address concerns the CMA expressed over a lessening of competition following the acquisition and last week agreed the sale of 14 ready-mixed concrete plants.
Odey Asset Management continues to put its considerable weight behind Ethiopia and Saudi-focused gold group Kefi Minerals (LON:KEFI).
The huge hedge fund has a 29.5% stake and is fully supporting a new £3.8mln placing by the gold mine developer.
Stratex International plc (LON:STI) has maintained its 33.45% stake in Goldstone Resources Limited (LON:GRL) by taking part in a £1mln funding for the Africa-focused gold explorer.
A combination of direct funding and settlement of a US$250,000 drawdown by Goldstone paid for Stratex’s participation. Stratex also received 5.75mln warrants.
Savannah Resources Plc (LON:SAV) has started exploration at its two new lithium projects in Finland, Somero and Eräjärvi, after there were no objections from local land owners.
An initial exploration programme is expected to take 8-10 weeks and comprise mapping, surface rock chip and channel sampling that will target pegmatites with known lithium minerals.
Caledonia Mining Corporation PLC (LON:CMCL, TSX:CAL) has unveiled a significant upgrade to the resource base of its Blanket Gold Mine in Zimbabwe.
Following a drilling programme, 343,000 tonnes have been upgraded from the inferred to the higher-confidence indicated resource category.
Eurasia Mining plc (LON:EUA) has agreed a refining contract for its West Kytlim alluvial platinum project in the Urals, Russia.
Ekaterinburg Non-ferrous Metals Processing Plant (EZOCM), part of the Renova Group, will both process black sand concentrates from West Kytlim and buy the bullion produced.
Barrick Gold (TSE:ABX; NYSE:ABX), the world's largest gold miner, is reportedly considering selling its 64% in Acacia Mining as part of a plan to become debt free.
The firm has approached numerous South African, Australian and North American miners about a sale in the stake said to be worth around US$1.9bn, according to news agency Reuters, which also cites Harmony Gold, AngloGold Ashanti as potential buyers.
Medusa Mining Ltd (ASX:MML) increased its gold output from the flagship Co-O mine in the latest quarter.
The Philippines mine produced 25,429 ounces in the three months to end June, compared to 21,980 ounces in the previous quarter (to March).
Tungsten miner W Resources PLC (LON:WRES) kicked off its La Parrilla ambitions in Spain with a blast literally yesterday - opening up accessible ore to be mined.
The firm used explosives to open up the first 10 metre benches in what's called the Fast Track Mine (FTM) part of the project.
Pamela Hueston has resigned as finance director of Premier African Minerals Limited (LON:PREM), the resource development company focused on Southern and Western Africa.
Meanwhile, the company has announced the appointment of Russel Swarts as a consultant to the company to provide oversight of the financial management of the company.
Eurasia Mining plc (LON:EUA) expects to produce the first concentrate from its West Kytlim alluvial platinum prospect in Russia in ‘a matter of weeks,’ according to its managing director.
“We anticipate that the final components of the washplant will be delivered and the washplant commissioned within two to three weeks, which gives us enough time to complete the tailings dam and install the final elements of the mine design, including the facility for upgrading to a shippable black sand concentrate,” said Christian Schaffalitzky
DiamondCorp PLC (LON:DCP), the Southern African diamond mining, development and exploration company, said underground mining has resumed at its Lace diamond mine.
The South Africa Department of Mineral Resources have permission for the resumption this afternoon.
Junior gold explorer Mariana Resources Ltd (LON:MARL) has started trading on the Toronto venture exchange under the ticker (CVE:MRA).
Mariana has projects in Turkey and South America, with much excitement surrounding the Hot Maden gold/copper project in Turkey that has produced exceptional exploration grades of both metals.
Mineral explorer Sunrise Resources Plc (LON:SRES) has identified “significant” bedrock copper-gold mineralisation in trenching at its Garfield project in Nevada.
Two trenches were excavated last month, with the first returning an intersection of 22 metres at 0.33% copper.
Anglesey Mining plc (LON:AYM) said it was braced for a shift in metals prices as losses for the year eased.
"The recent improvement in the price of zinc may be the sign that we have been waiting for a number of years,” said chairman John Kearney.
Ferrum Crescent Ltd raised £374,453 in an oversubscribed placing, at 0.20p a share to bolster its working capital.
The funds were raised via a placing through Beaufort Securities Limited.
Partner MOD Resources (ASX:MOD) is extending resource drilling at the copper joint venture in Botswana, Metal Tiger Plc (LON:MTR) told investors after further strong assay results were reported.
Shares in Metal Tiger added 3.6% in early deals in London to stand at 3.60p.
Nickel explorer Horizonte Minerals Plc (LON:HZM TSX:HZM) has been awarded three new concessions adjacent to acreage recently acquired from Glencore at Araguaia in Brazil.
The concessions Total 3,142 hectares and are to the south of the Glencore acreage.
Former mining analyst and chief executive of Africa gold play Amara Mining John McGloin has been named a new independent director at Caledonia Mining Corporation Plc (LON:CMC) .
McGloin was executive chairman and chief executive at Amara between 2012 and 2016, a group focused on the Yaoure gold project in Cote d'Ivoire in West Africa.
Harvest Minerals Limited (LON:HMI) announced that an independent indicated mineral resource estimate has been completed at its 100%-owned Arapua Fertilizer Project in Minas Gerais State, Brazil.
The group said an air core drilling programme revealed higher grade K2O and P2O5 zones, providing “more than enough” material for it to commence trial mining and develop the product over the coming months.
Bacanora Minerals Limited (LON:BCN, CVE:BCN) said Colin Orr-Ewing is stepping down as non-exec chairman due to personal reasons and director James Leahy will replace him on an interim basis.
Orr-Ewing will remain on the board as a director.
Orr-Ewing is a founder of Bacanora and has been chairman for two years.
Mkango Resources Ltd (LON:MKA, CVE:MKA) has secured a two-year exclusive deal to acquire the worldwide licence for a rare earths processing technology.
The process, which produces high strength hydrochloric acid (HCL) for industrial applications, was developed by researchers at the McGill University in Montreal, Canada.
Metals Exploration Plc (LON:MTL) is to raise US$5mln by placing shares at 5p each with certain existing shareholders.
The shares fell 0.3p to 8.2p on the news, which was flagged on 15 July.
The company said it needed to raise fresh funds after tapping the market last year because of delays at its Runruno gold mine.
West Africa-focused gold producer Randgold Resources Limited (LON:RRS) is set for an improved performance in the second half of 2016 at its Tongon mine in Côte d'Ivoire after overcoming several problems at the gold project.
One mill at the mine had been out of action for 46 days during the last quarter because of what Randgold described as “poor repairs” earlier in the year, while an “erratic power supply” also affected production.
Armadale Capital PLC (LON:ACP) shares added almost 6% as it said it expects to soon start follow-up drilling at its prospective Mahenge Liandu graphite project in Tanzania after magnetic surveys have underscored the site's potential.
Drilling is planned to start in six to eight weeks and talks with drill firms over a reverse circulation (RC) and diamond drilling programme have already started, the company said.
W Resources PLC (LON:WRES) has increased its acreage in Portugal with the award of Monforte-Tinoca exploration licence.
The licence contains the historic Tinoca and Azeiteiros copper mines and is close to W Resource's CAA/Portalegre copper-gold project.
Petra Diamonds Limited (LON:PDL) increased production at its mines by 16% during the 12 months to June, helping the firm to post a rise in revenues and beat analysts’ expectations.
Production during the period was up by 16% compared to 2015 to 3.7mln carats, which allowed the FTSE 250-listed miner to generate revenues of US$430.9mln, a year-on-year increase of 1%.
Shares in Bushveld Minerals Limited (LON:BMN) advanced in early deals as it agreed amended terms of its acquisition of the Vametco vanadium mine in South Africa, including a reduced purchase price.
The deal to buy Strategic Minerals Corporation from Russian mining giant Evraz Group SA was unveiled in April this year.
Amur Minerals PLC (LON:AMC) updated on progress on key work for its definitive feasibility study for the giant Kun-Manie nickel project in Russia, including that it had shortlisted potential engineers for the design of the mine and plant.
The firm aims to complete the milestone DFS by the end of 2017.