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Precious Metals & Minerals

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Rainbow Rare Earths FY Adjusted EBITDA Loss $3.4 Million

Wednesday, 9 Oct 2019

Oct 9 (Reuters) - Rainbow Rare Earths Ltd ::AUDITED RESULTS FOR THE YEAR ENDED 30 JUNE 2019.FY PRODUCTION 850 TONNES OF CONCENTRATE SOLD AT AVERAGE GRADE OF 57% TOTAL RARE EARTH OXIDES, UP 475 TONNES FROM LAST YEAR.FY ADJUSTED EBITDA LOSS IN PERIOD OF US$3.4 MILLION (2018: US$2.0 MILLION).FY NET LOSS FOR YEAR OF US$12.3 MILLION (2018: US$2.6 MILLION).DEMAND FOR NEODYMIUM AND PRASEODYMIUM IS EXPECTED TO INCREASE DRAMATICALLY IN COMING YEARS.

Tharisa Says FY 2020 Production Guidance Is 155 Koz To 165 Koz Pgms (6e Basis) And 1.45 Mt To 1.55 Mt Of Chrome Concentrates

Wednesday, 9 Oct 2019

Oct 9 (Reuters) - Tharisa PLC ::FOURTH QUARTER AND FULL YEAR PRODUCTION REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2019.FY PGMS RECOVERY AT 82.1% WITH PRODUCTION OF 139.7 KOZ.FY REEF TONNES MINED AND MILLED AT 4 627.1 KT AND 4 836.0 KT RESPECTIVELY.FY CHROME RECOVERY AT 62.0% WITH CHROME PRODUCTION AT 1 290.0 KT.FY PGMS RECOVERY AT 82.1% WITH PRODUCTION OF 139.7 KOZ.THARISA'S FY2020 PRODUCTION GUIDANCE IS 155 KOZ TO 165 KOZ PGMS (6E BASIS) AND 1.45 MT TO 1.55 MT OF CHROME CONCENTRATES.VULCAN PLANT REMAINS FIRMLY ON TRACK FOR COMMISSIONING IN CALENDAR Q4 2020.FY CHROME PRICE RECEIVED DOWN 12.9% TO US$162/T.FY PGM PRICE OF US$1 081/OZ, UP 17.1% FROM 2018.ON TRACK TO ACHIEVE ITS VISION 2020 TARGETS OF 2 MT CHROME CONCENTRATE & 200 KOZ OF PGMS ON AN ANNUALISED BASIS BY END OF CALENDAR YEAR 2020.ORDERS FOR LONG LEAD ITEMS HAVE BEEN PLACED AND CONSTRUCTION SCHEDULE IS ON TRACK FOR COLD COMMISSIONING IN CALENDAR YEAR 2020.CONSTRUCTION ON VULCAN PLANT HAS COMMENCED, WITH CIVIL WORKS DUE TO BE COMPLETED BEFORE CHRISTMAS 2019.

Alita Resources Terminates Mark Calderwood's Executive Employment As Managing Director

Wednesday, 9 Oct 2019

Oct 9 (Reuters) - Alita Resources Ltd ::MARK CALDERWOOD'S EXECUTIVE EMPLOYMENT AS MANAGING DIRECTOR HAS BEEN TERMINATED.

Impala Platinum Buys North American Palladium For C$1.01 Bln Cash

Monday, 7 Oct 2019

Oct 7 (Reuters) - Impala Platinum Holdings Ltd ::JSE: IMCB22 - IMP - CATEGORY 2 TRANSACTION ANNOUNCEMENT: ACQUISITION OF NORTH AMERICAN PALLADIUM LIMITED.IMPALA PLATINUM HOLDINGS LTD - PROPOSED DEAL FOR CASH CONSIDERATION OF C$1,008 MILLION.IMPALA PLATINUM - TOTAL OFFER CONSIDERATION COMPRISED OF OFFER PRICE OF C$19.74 PER SHARE IN CASH CONSIDERATION TO SHAREHOLDERS OTHER THAN BROOKFIELD.

Impala Platinum Buys North American Palladium For C$1.01 Bln Cash

Monday, 7 Oct 2019

Oct 7 (Reuters) - Impala Platinum Holdings Ltd ::IMPALA PLATINUM HOLDINGS LTD - ACQUISITION OF NORTH AMERICAN PALLADIUM LIMITED FOR CASH CONSIDERATION OF C$1,008 MILLION.IMPALA PLATINUM - TOTAL OFFER CONSIDERATION COMPRISED OF OFFER PRICE OF C$19.74 PER SHARE IN CASH CONSIDERATION TO SHAREHOLDERS OTHER THAN BROOKFIELD.IMPALA PLATINUM - DEAL ALSO COMPRISES OF C$16/SHARE IN CASH TO MAJORITY SHAREHOLDER OF NAP, AN AFFILIATE OF BROOKFIELD BUSINESS PARTNERS LP.IMPALA PLATINUM HOLDINGS LTD - TOTAL OFFER CONSIDERATION IMPLIES A BLENDED OFFER PRICE OF C$16.77 PER SHARE.IMPALA PLATINUM HOLDINGS LTD - ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE 100% OF OUTSTANDING SHARES IN NORTH AMERICAN PALLADIUM LIMITED.IMPALA PLATINUM - BOARD OF NAP RECEIVED FAIRNESS OPINION THAT AGGREGATE CONSIDERATION TO BE RECEIVED BY SHAREHOLDERS AS PER DEAL IS FAIR.IMPALA PLATINUM - DEAL WILL ALIGN IMPLATS' PRODUCTION MIX OUTPUT TO MORE CLOSELY MATCH EXPECTED COMPOSITION OF BOTH CURRENT AND FORECAST 3E DEMAND.IMPALA PLATINUM HOLDINGS LTD - TRANSACTION WILL ALSO INCREASE IMPLATS' PARTICIPATION IN GLOBAL PRIMARY PALLADIUM SUPPLY.IMPALA PLATINUM HOLDINGS LTD - DEAL EXPECTED TO BE STRONGLY VALUE ACCRETIVE TO SHAREHOLDERS ON BOTH SPOT AND MARKET CONSENSUS PRICES.IMPALA PLATINUM - INTENDS TO FINANCE DEAL USING EXISTING CASH OF US$288 MILLION, PROCEEDS RAISED FROM A METAL PREPAYMENT OF EXCESS INVENTORY.

Firestone Diamonds Says Production Disruption Due To Power Fluctuations

Friday, 4 Oct 2019

Oct 4 (Reuters) - Firestone Diamonds PLC ::PRODUCTION DISRUPTION DUE TO POWER FLUCTUATIONS.A PRODUCTION DISRUPTION AT ITS 75% OWNED LIQHOBONG MINE IN LESOTHO DUE TO INTERMITTENT POWER SUPPLY.MHS COMMENCED TWO MONTH MAINTENANCE SHUTDOWN ON 1 OCTOBER AT WHICH TIME ONGOING SUPPLY WAS TO BE PROVIDED BY ESKOM.SINCE OCT 1 MINE EXPERIENCED VOLTAGE FLUCTUATIONS CAUSING DRIVES OF PLANT EQUIPMENT TO TRIP, HENCE OPERATIONS SEVERELY DISRUPTED.

Gem Diamonds Announces Renewal Of Letseng Mining Lease

Friday, 4 Oct 2019

Oct 4 (Reuters) - Gem Diamonds Ltd ::GEM DIAMONDS LIMITED - LETSENG MINING LEASE RENEWAL.GEM DIAMONDS LTD - MINING LEASE FOR LETŠENG MINE HAS BEEN RENEWED BY GOVERNMENT OF KINGDOM OF LESOTHO.

Strategic Elements Says Final Regulatory Approvals Received To Drill Multiple Deep Holes

Wednesday, 2 Oct 2019

Oct 3 (Reuters) - Strategic Elements Ltd ::FINAL REGULATORY APPROVALS RECEIVED TO DRILL MULTIPLE DEEP HOLES INTO A POTENTIAL METEORITE IMPACT STRUCTURE IN GIBSON DESERT.

Wesizwe Platinum Says HY HEPS Rises To 6.91 Cents Per Share

Tuesday, 1 Oct 2019

Oct 1 (Reuters) - Wesizwe Platinum Ltd ::HY HEPS INCREASED BY 851% TO 6.91 CENTS PER SHARE, FROM HEADLINE LOSS OF 0.92 CENTS PER SHARE IN PRIOR CORRESPONDING PERIOD.HY EPS INCREASED BY 832% TO 6.74 CENTS PER SHARE, FROM 0.92 CENTS LOSS PER SHARE IN PRIOR CORRESPONDING PERIOD.

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