Canada’s Surge Copper said on Thursday it had closed a C$4.5-million private placement with African Rainbow Minerals (ARM), boosting the South African mining group’s stake in the company to 19.9%. ARM purchased 25.8-million common shares at C$0.175 each, Surge said....
Independent Queensland coal miner QCoal has begun consultation with workers at the Cook Colliery, near Blackwater in the Bowen basin, after flagging the potential closure of one of the mine’s two underground units. The colliery, operated by contractor Core Crew on...
Just ten years ago, the coal industry was one of Ukraine’s largest industries. However, with the beginning of Russia’s armed aggression against Ukraine in 2014, the decay of mining towns in temporarily-occupied territories, accumulating industry debts, and the...
International data and analytics company GlobalData has reported that African production of platinum group metals (PGMs) is expected to fall by 6.4% this year, in year-on-year terms. This forecast is contained in the company’s ‘Africa Mining Review –...
Australian gas producer Santos’ shares fell nearly 14% on Thursday after a consortium led by Abu Dhabi National Oil Company scrapped its $18.7-billion bid for the company, saying commercial terms could not be agreed. While analysts raised concern about a third...
A new report has revealed that Australia could overtake the US to become the world’s second-largest producer of rare earth elements, behind China. The report, by global intelligence platform Earth Rarest, analysed Australia’s rare earths mining landscape,...
