Proactive weekly mining highlights: Tungsten West, Rio Tinto, Greatland Gold…


Tungsten West PLC (AIM:TUN) which plans to restart production at the Hemerdon tungsten-tin mine in south Devon, made its debut on London’s Alternative Investment Market today. “We are delighted to commence trading on AIM, following an extremely successful IPO and fundraise,” said chief executive Max Denning.

Rio Tinto PLC (LSE:RIO) accelerated its targets to reduce carbon emissions as the Anglo-Australian miner unveiled a longer-term strategy seeking to strengthen its business and improve performance.

BHP Group PLC (LSE:BHP) increased its cash offer for Noront Resources Ltd trumping a bid from Australian billionaire Andrew Forrest’s Wyloo Metals Pty Ltd and winning support from Noront.

Greatland Gold PLC (AIM:GGP, OTC:GRLGF) said its Juri joint venture will advance to Stage 2 and that partner Newcrest Mining Ltd could increase its total investment from A$3mln to A$20mln (GBP11mln), marking a significant expansion of the exploration programme following a successful initial 2021 drilling campaign.

The Royal Mint, Britain’s maker of coins, is to go into the mobile phone recycling business using pioneering technology to recover gold and other precious metals from unwanted devices

Alien Metals Ltd (LSE:UFO) said an initial independent Scoping Study for the Hancock iron ore project has shown “exceptionally” strong returns are possible from potential development.

Antofagasta PLC (LSE:ANTO) retained its full-year production guidance, after reporting a slight increase in quarterly copper output, but said its costs are now likely to be lower than expected for the year.

Shanta Gold Ltd reported steady gold production in the third quarter, during a period when the company continued to intercept high gold grades at its West Kenya project and increased its resource estimate at the New Luika gold mine in Tanzania.

Salt Lake Potash Limited has appointed receivers after going into voluntary administration earlier today. Richard Tucker and Craig Shepard of KordaMentha have been appointed as receivers and managers of each company in the group.

Anglesey Mining PLC (LSE:AYM) said drilling will start at its Parys Mountain copper-zinc-lead deposit in early November, following the company’s recent fundraising.

Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) said it received its first quarterly royalty payment from its interest in the Caserones copper mine in Chile, which has transformed the company into a revenue-generating business.

Landore Resources Ltd (AIM:LND) said it will re-evaluate its B4-7 and VW nickel-copper-cobalt-PGEs deposits on its Junior Lake Property in Canada as escalating prices for metals used in batteries have substantially increased the value of the resources.

Cloudbreak Discovery PLC (LSE:CDL) said 1315843 BC Ltd its exploration partner at the Atlin West project in British Columbia, is to be bought by Canadian group Power Group Projects Corp. The deal will see Power Group Projects (PGP) assume all obligations of BCCo’s option agreement with Cloudbreak.

Bushveld Minerals Ltd (AIM:BMN, OTC:BSHVF) the vanadium producer and energy storage solutions provider, said it is on track to meet full-year vanadium production guidance.

W Resources PLC (AIM:WRES) announced record tungsten recovery rates, grades and production in the third quarter from the La Parrilla mine in Spain and expects output in the fourth quarter to be even better.

Bezant Resources PLC (AIM:BZT) has raised GBP1.2mln to fund exploration across several of its assets in Africa and Europe. Shares were issued at a price of 0.13p with the proceeds to be used In Namibia, Cyprus and Botswana.


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