Randgold Resources PLC (LON:RRS) said it will meet with the Democratic Republic of Congo’s government next week to discuss the country’s controversial new mining laws.
The code will raise taxes and remove a stability clause in the current law that has been protecting miners from changes to the fiscal and customs regime for 10 years.
Sirius Minerals PLC (LON:SXX) expects to build on a year of “meaningful progress” with plans to significantly advance its fertiliser mine development through 2018.
The operational and boardroom efforts are expected to culminate in the completion of the project’s Stage 2 financing later this year, which once reached, would be the stand-out achievement of the year.
Right now, shaft sinking operations are underway at the Woodsmith mine site in North Yorkshire.
Amur Minerals Corporation (LON:AMC) has appointed road design group Cevi Construzioni for the 350km road from Ulak, on the Baikal-Amur rail line, to its Kun-Manie project in Far East Russia.
The AIM-listed firm said this step is the first in a three-component process to earn long-term access rights to the site of the huge nickel/copper project.
Strategic Minerals Plc (LON:SML) has completed its acquisition of the Leigh Creek copper mine in South Australia, following the payment of A$1.5mln.
A further issue of Strategic Minerals shares valued at A$1.45mln, based on the volume weighted average share price throughout the month of March, is due in early April.
Group Eleven Resources Corp (CVE:ZNG) has made a major leap - and kicked off diamond drilling its Ballinalack zinc project in Ireland, it revealed, as the group updated on progress.
The resource firm has 60% of the joint venture, while Shenzhen Zhongjin Lingnan Nonfemet Company Ltd, one of the largest zinc producers in China, has a 40% stake.
Xtract Resources PLC (LON:XTR) updated investors on its Mozambique alluvial gold mining operation, where it has secured new terms with a contractor.
Contractor Moz Gold Group is exploiting the M Block deposits, at the Manica mining concession, and it is anticipated that production volumes will increase – with the number of plants increasing to seven from three.
Under the new agreement, the Xtract subsidiary will be entitled to a percentage of the mined gold (on a sliding scale tied to volume).