Lydian UK, Canada notify Armenia of dispute

TSX-listed gold developer Lydian International on Monday announced that its subsidiaries in UK and Canada had formally notified Armenia’s government of disputes related to ongoing blockades of road access to the Amulsar gold project. The subsidiaries, Lydian UK Corporation and Lydian Canada Ventures Corporation, noted its disputes relate to agreements between the respective governments that promote and protect investments.

Beowulf unit receives funding for graphite research

Aim-listed Beowulf subsidiary Oy Fennoscandian Resources will receive additional funding from Business Finland of €224 900 towards graphite purification and spheroidisation testwork, and further assessment of Fennoscandian’s graphite for battery applications. Business Finland has been granted €10-million funding for a project titled BATCircle, which entails the development of a Finland-based circular ecosystem of battery metals.

Alrosa sees gradual recovery in smaller diamond market

Russian diamond miner Alrosa in February sold rough and polished diamonds worth $345-million, which was up 23% compared with January’s sales of $281-million, but down significantly on the $541.9-million sold a year earlier. Rough diamond sales in February comprised $340-million, compared with $278-million in January, while polished diamond sales comprised $5-million, compared with $3.4-million in January.

Jogmec finalises 9.75% Waterberg project stake sale to Hanwa

TSX- and NYSE-listed Platinum Group Metals (PTM) on Thursday reported that Japan Oil, Gas and Metals National Corporation (Jogmec) has completed the transfer of a 9.75% interest in the Waterberg palladium project, in South Africa, to Hanwa. Jogmec previously held a 21.95% interest in the Waterberg project. Jogmec and Hanwa in October last year agreed to the transaction.

Xtract enters option agreement for Eureka project in Zambia

London-listed Xtract Resources has concluded a memorandum of agreement with KPZ International to enter into an option agreement for the Eureka copper/gold project area, in Zambia. "This option is for a large concession with a well-defined strike and splays that have not been fully investigated. We believe there is potential for a large mineralised body, as previous work was relatively superficial and did not pursue targets which are valid today.

AngloGold sells Colombian exploration assets

AngloGold Ashanti has agreed to sell its interests in Northern Colombia Holdings (NCH) to Royal Road Minerals. NCH owns an exploration title package comprising mining concession agreements covering about 36 000 ha of land, including the rights to acquire mining concessions over about 215 000 ha of land, in prospective mineral belts in the Nariño, Cauca and Antioquia departments of Colombia.

Mantashe calls on Police Minister to safeguard Carletonville community amid Sibanye strike

Mineral Resources Minister Gwede Mantashe has requested the assistance of Police Minister Bheki Cele to intervene in the current instability in Carletonville and to safeguard the community. A statement issued by the Department of Mineral Resources (DMR) on Tuesday claimed that the ongoing strike by members of the Association of Mineworkers and Construction Union at Sibanye-Stillwater’s gold operations in the region, has become violent and is negatively impacting on communities in the area.

Tsodilo continues sampling at BK16

TSX-V-listed Tsodilo Resources says its BK16 kimberlite project, in the Orapa kimberlite field, in Botswana, is well placed to enter the market once the mine is established. In a presentation published by the company this week, Tsodilo stated that BK16 was already showing similarities to Lucara Diamond Corp’s Karowe diamond mine, in Botswana, as well as Petra Diamonds’ Koffiefontein mine, in South Africa’s Free State; BlueRock Diamonds’ Kareevlei mine, in South Africa’s Northern Cape; and Lucapa Diamond Company’s Mothae mine, in Lesotho.

Exxaro expects to report higher FY18 earnings

JSE-listed coal and heavy minerals miner Exxaro Resources expects to report attributable earnings per share (AEPS) of between R26.90 and R28.86 for the year ended December 31, 2018, which is an increase of between 39% and 49% compared with the R19.23 apiece reported for the year ended December 31, 2017. Headline earnings per share (HEPS) for the period should be between R26.07 and R27.08, compared with R5.02 apiece in the prior comparable period.