Samarco Mineraco SA, an iron ore company jointly owned by mining majors BHP Group PLC (LON:BHP)(ASX:BHP) and Vale (NYSE:VALE) has filed for judicial reorganisation with the Commercial Courts of Belo Horizonte, State of Minas Gerais, Brazil.
The filing is a last-resort response to multiple legal actions filed by certain Samarco financial creditors in the US and Brazil which have resulted in freezing orders against Samarco’s accounts and which threaten Samarco’s operations.
Thor Mining PLC (LON:THR, ASX:THR, OTCQB: THORF) said field work started at its Ragged Range gold project in the Pilbara region of Western Australia. “After a lengthy wet season, we are excited to be back out in the field exploring the Ragged Ranges project,” said chairman Mick Billing.
Tharisa PLC (LON:THS) produced 35,000 ounces of platinum group elements during the second quarter to 31 March 2021, an increase of 11.5% year-on-year. Chrome concentrate production was up 15.5% to 358,400 tonnes year-on-year, and specialty chrome production was up 11.8% to 85,600 tonnes.
Alien Metals Ltd (LON:UFO) delineated seven high priority targets at the Elizabeth Hill silver project in Australia, following the completion of a litho-structural interpretation and target generation study. The project area includes the Mining Lease containing the historic Elizabeth Hill silver mine and the Munni Munni North exploration lease that surrounds it.
AfriTin Mining Ltd (LON:ATM) said it is advancing a metallurgical testing programme designed to investigate the potential production of tantalum and lithium as by-products from its tin project at Uis. The Uis tin mine is known to contain an estimated 6,091 tonnes of tantalum and 450,265 tonnes of lithium oxide (Li 2 O).
Trident Royalties PLC (LON:TRR) has, in its financial results statement, highlighted significant progress in its portfolio diversification efforts over 2020 and the early months of 2021. Now, the royalties portfolio now comprises interests in copper, iron ore, gold and lithium.
IronRidge Resources Ltd (LON:IRR) found its highest grade lithium yet from an ongoing drilling programme at new targets adjacent to the Ewoyaa lithium project in Ghana, West Africa. Multiple high-grade lithium pegmatite intersections were found in initial drilling alongside the highest grade of 4% lithium oxide over 1 metre from a depth of 62 metres, it said.
Pembridge Resources PLC (LON:PERE) announced a strong start to the year with improved quarterly production and record offtake sales from the Minto copper-gold-silver mine in the Yukon territory. Minto produced 7,023 wet metric tonnes of concentrate in the first quarter of 2021, up from 5,143 wet metric tonnes in the fourth quarter of 2020.
Oriole Resources PLC (LON:ORR) said visible gold has been identified in drilling at the Lawa targets at Bibemi in Cameroon. Gold mineralisation was identified at the Lawa West prospect (hole BBDD019) and the Lawa East prospect (holes BBDD014 and BBDD020), both located towards the southern extent of the system.
Capital Ltd (LON:CAPD) reported record quarterly revenue, with growth delivered across all business units, and said it is experiencing the strongest demand environment for drilling services in a decade. It declared a final dividend of 1.3 US cents for 2020, up from 0.7 US cents in 2019.
Anglo Pacific PLC (LON:APF) held its dividend in 2020 and said the outlook for most commodities looks favourable for the near-term as governments globally increase investment in response to Coronavirus (COVID-19).
The mining royalty specialist is switching its focus away from coal and towards battery and base metals and recently completed its largest-ever deal with the acquisition of a royalty stream from Canadian cobalt mine Voisey Bay for US$205mln.
Anglo Asian Mining PLC (LON:AAZ) expects its gold production to fall this year, as the Ugur mine in Azerbaijan has now been depleted, although it forecast an increase in copper output. The AIM-listed miner forecast gold production of between 48,000 and 54,000 ounces this year, down from the 56,864 ounces achieved in 2020.
Strategic Minerals PLC (LON:SML, USOTC:SMCDY) said its annual ore sales from the Cobre magnetite operation in New Mexico rose 12% from the year earlier. Sales increased to US$3.0mln in the year to end March 2021 from US$2.7mln the year earlier.
W Resources PLC (AIM:WRES) said first-quarter production from its La Parrilla mine in Spain was lower than expected as heavy rain restricted access to higher-grade ore, although output picked up last month. Total tungsten and tin concentrate production fell 31% from the fourth quarter of 2020 to 92.4 dry metric tonnes (dmt).
Caerus Mineral Resources PLC (LON:CMRS) said drilling started yesterday, ahead of schedule, at its N. Mathiatis project in Cyprus and will continue until a systematic grid of drillholes has been completed over the dumps.
Emmerson PLC (LON:EML) has completed a concept study to examine the potential to develop its Khemisset potash project in Morocco using a four-phased approach. The company said the phased approach will reduce upfront capital costs and execution risk.
Savannah Resources PLC (LON:SAV) has updated on the progress of the environmental impact assessment (EIA) for its Mina do Barroso lithium project in Portugal, saying the country’s environment agency has said the EIA conforms with its content requirements. The company said achieving conformity was a “major milestone” on its path to production at the site,
Galantas Gold Corp (LON:GAL) has highlighted favourable results from the restart of underground development at its mining operation in Northern Ireland. The company resumed underground blasting in March and, as expected, the development of the Kearney vein has produced a feed of higher gold grade ore for processing.
Tirupati Graphite PLC (LON:TGR) has raised GBP10mln in a share placing to expedite its modular medium-term development plan to take advantage of strong market demand for graphite. It is selling a total of 11.1mln new shares priced at 90p each, marking a discount of 8.6% to Thursday’s closing market price.
Panther Metals PLC (LON:PALM) said it plans to list its Australian assets on the Australian Securities Exchange, potentially giving them greater access to the capital required to move into development. Panther, which has three gold projects in Australia and two projects in Canada, has converted the status of its subsidiary company in Australia to Panther Metals Ltd.