Pacific

  • CHINA - Green light for New Pacific acquisition

    Conditional approval has been given to New Pacific for acquisition of the RZY silver-lead-zinc project in Qinghai province. The acquisition will involve the company acquiring a majority interest in Silvercorp Metals’ wholly-owned subsidiary Fortress Mining for a payment of US$3.5 million.  1

  • CHINA - New Pacific to acquire majority share in RZY

    Canadian explorer New Pacific Metals will acquire an 80% interest in Silvercorp Metals’ subsidiary Fortress Mining for a payment of US$3.5 million. The sale agreement also gives New Pacific the option of acquiring the remaining 20% of the company within two years for US$5 million, after capital expenditure of US$15.9 million at its RZY silver-lead-zinc project in Qinghai province.

  • EVENTS - Pacific Basin Coal Conference to tackle supply topics

    The topic on top of the discussion agenda at Energy Publishing’s inaugural Pacific Basin Coal Conference from February 24-26 in Waikiki, Hawaii, will be whether North American suppliers will be able to fill the gap in Asian markets left by Australian coking coal companies due to Tropical Cyclone Oswald.

  • Exploration spend reflects rising sentiment

    XPLORATION expenditure continues to grow with an increase of 13% for the December 2016 quarter, BDO research has revealed. It was the third consecutive quarter of growth while average estimated cash outflows for the March quarter were almost 40% higher than estimates for the same period of 2016, which BDO says provides a clear indication that industry sentiment is improving.

  • Miners need to collaborate with other industries

    AUSTRALIAN miners should consider collaborating with other industries for critical innovations if they are not already, according to Rio Tinto’s Operational and Technical Support, Copper and Diamonds, vice president Dr Craig Stegman. He said Australian miners would do well to look at research and development being carried out in other industries to find innovative solutions to operational challenges.

  • Mining and METS: economic growth engines

    METS Ignited has welcomed a report by Deloitte Access Economics on the significant contribution made to the Australian economy in 2015-16 by the mining equipment, technology and services (METS), and mining sector. Together, the total contribution by the sector was $236.8 billion, or 15% of the country’s gross domestic product.

  • Nation benefits from mining investment

    AUSTRALIA continues to benefit from investments made by the mining sector over the last ten years,” according to Association of Mining and Exploration Companies (AMEC) CEO Simon Bennison. This was supported by recent government statistics that have revised up Australia’s resources and energy export earnings by 32% from the previous forecast.

  • PACIFIC - Nautilus updates CCZ technical report

    An updated technical report has been completed at Nautilus Minerals’ Clarion-Clipperton Zone (CCZ) project in the Pacific Ocean, however the 410 million tonne inferred resource remains unchanged from the original report announced in September last year.

  • SOUTH PACIFIC - First results from Cayzer-Prince operation

    Initial mining has begun at the Cayzer-Prince ore body at Vatukoula Gold’s underground mine on Fiji’s Viti Levu Island where the company expects to annually produce up to 100,000 tonnes of gold.

  • SOUTH PACIFIC - New assays extend gold zone at Tuvatu

    Results from recent diamond drill holes at Lion One Metals’ Tuvatu Gold Project in Fiji have significantly extended the zone of mineralization at the site. The company says the results confirm thicknesses and grades of lodes mapped on the surface, after the drill holes targeted the western extension of the previously drilled mineralization.

  • SOUTH PACIFIC - SolGold secures ownership of Kuma PL

    Divestment of the Guadalcanal Joint Venture in the Solomon Islands has resulted in Brisbane-based explorer SolGold securing ownership of the Kuma prospecting licence (PL), which is considered prospective for epithermal gold and porphyry gold-copper systems. The licence is undergoing renewal for a two year extension.  1

  • SOUTH PACIFIC - Work program supports Tuvatu advancement

    Lion One is preparing a robust economic model for a high-grade gold mine near Nadi on Fiji’s Viti Levu Island, after promising results from its 2012 work program.  1

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