Category: Latest Mining News

A Sierra Metals (TSX: SMT, US-OTC: SMTSF) update has converted between one-fourth and more than one-half of the resources at its Yauricocha and Bolivar underground polymetallic mines to reserves.

Savannah Resources (AIM: SAV) has announced a significant resource upgrade for the Barroso lithium project in Portugal, with 93% of resources now in the indicated category.

Li-FT Power (TSXV: LIFT; US-OTC: LIFFF) reported on Tuesday one of its strongest assays yet of 1.34% lithium oxide (Li2O) over 35 metres at its Big East target near Yellowknife, as it eyes an initial resource for Q3.

Pan American Energy (CSE: PNRG; US-OTC: PAANF) reported on Friday assays as high as 2.75% lithium oxide (Li2O) over 1 metre from its Big Mack project in northwestern Ontario, comparable with Avalon Advanced Materials’ (TSX: AVL; US-OTC: AVLNF) Big Whopper deposit.

Samarco and its shareholders, Vale (NYSE: VALE) and BHP (NYSE: BHP; ASX: BHP), have presented a new reparation proposal to the Brazilian government and the states of Minas Gerais and Espírito Santo for the breach of the Fundão dam in Mariana in 2015.

Taranis Resources (TSX-V: TRO) can go ahead with planned exploration at its Thor polymetallic project near Trout Lake, B.C., almost two years after its permit application and five months after filing a lawsuit against the province.

Shares in Hummingbird Resources (AIM: HUM) rose on Tuesday after the Africa-focused miner said its talks with the main contractor at its Kouroussa gold mine in Guinea are progressing, adding it hopes the issue will soon be resolved.

Flying Nickel Mining (TSXV: FLYN; US-OTC: FLYNF) increased its pit resource at the Minago project in Manitoba by 42% and added a platinum group metals (PGM) estimate for the first time.

Gold Rim Exploration Inc. reported it is drilling excellent grades and long intercepts at its Bonanza Creek project in the Yukon. The project consists of Carmack Forks and Gay Gultch mining areas and their processing plant, named Giant Bee being approximately 8 kilometers away by road.

Australia’s Westgold Resources (ASX: WGX; US-OTC: WTGRF) is buying Karora Resources (TSX: KRR; US-OTC: KRRGF) in a $1 billion (A$1.23 billion) cash-and-shares deal to control the jewel in the country’s gold sector.

The three Orion Resource Partners funds that recently sold a stake in Capstone Copper (TSX: CS; ASX: CSC) are selling another 8.3% holding via a secondary offering in Australia for proceeds totalling A$592.8 million ($530.1 million).

A group of rural villagers from Madagascar has launched a legal claim in Britain against Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) over allegations that its mine has poisoned them with dangerous levels of uranium and lead.