Category: Latest Mining News

Australia’s Lucapa Diamond (ASX: LOM) has put its 70% stake in the Mothae mine in Lesotho up for sale to focus on its core assets and is discussing options for the 30% held by the country’s government.

Rio Tinto (ASX: RIO; LSE: RIO) reportedly considered a bid for Anglo American (LSE: AAL) in recent months and the second largest miner has not dismissed the possibility of acquiring a portion or the entirety of the company, now a target of BHP (ASX: BHP).

Brazil-focused Sigma Lithium (TSXV: SGML; NASDAQ: SGML) announced on Wednesday that it has bumped up proven and probable reserves at its flagship Grota do Cirilo hard rock lithium mine by 40.5%. Shares rose slightly.

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.