Higher coal and vanadium prices have lifted interim revenues at mining royalty specialist Anglo Pacific PLC (LON:APF).
Royalty income will be in a range of £17.5mln to £18mln in the half year to June, a 10% increase year-on-year after a very strong second quarter.
Kestrel, a coal mine in Australia, will again produce the bulk of this revenue.
Mineral sands miner Base Resources Limited (LON:BSE) has predicted another year of steady production from its Kwale mine in Kenya.
Guidance for the year to end June 2019 is 88,000 to 93,000 tonnes of rutile, 420,000 to 450,000t of ilmenite and 32,000 to 37,000t of zircon. That is broadly in line with the year to June just ended, where production was 91,700t of rutile, 465,000t ilmenite and 37,200t of zircon.
Christian Schaffalitzky, the chairman of Eurasia Mining plc (LON:EUA), told shareholders at today’s annual general meeting (AGM) that 2018 has been a great success.
The appointment of Techstroy as the contractor for the West Kytlim platinum and gold mine has proven to be a catalyst that has driven the project into a very successful mining season, Schaffalitzky said.
The company intends to make a further statement on West Kytlim before the end of next week but revealed that total production thus far this year is already on or around its target level for the whole of the mining season with several months of good mining conditions still to come – hopefully – in 2018.
Rainbow Rare Earths LTD (LON:RBW) sold 350 tonnes of rare earth concentrate in the three months to end June 2018, up significantly from the 125 tonnes sold in the previous quarter, as the ramp-up to full production continues at the company's mine in Burundi.
"A 180% increase in tonnes of concentrate sold from the previous quarter is a clear indication that there is strong demand for our Gakara concentrate which is currently the only rare-earths production from Africa,” said Rainbow’s chief executive Martin Eales.
Savannah Resources Plc (LON:SAV) has appointed experienced lithium consulting engineer Primero Group to lead the feasibility study for the development of the Mina do Barroso lithium project in Portugal.
The feasibility study will build on the scoping study completed in June 2018, which confirmed Mina do Barroso has the potential to be a major European producer of spodumene.
Amur Minerals Corporation (LON:AMC) has entered into a Memorandum of Cooperation with GEFCO LLC, a global expert in supply-chain solutions with a strong presence in Russia, and is 75% owned by JSC Russian Railways.
This MOC will address Amur’s rail and shipping transport requirements for the construction of the Kun-Manie nickel project in Russia’s far east.
It will encompass operational supply support and saleable product delivery to the Asian markets of China, Japan and Korea foremost among international opportunities.
Shefa Yamim ATM (LON:SEFA) has appointed PPM, a South African project management and engineering company with extensive experience in carrying out due diligence work as well as managing and executing projects, to provide working and capital cost estimates for bringing the Kishon Mid-Reach alluvial precious stones deposit into production.
The report, which is due to be completed by the end of August 2018, is the first step in starting to build the economic profile of the project as the company progresses towards commercial production. A SAMREC-compliant resource will follow.