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Proactive weekly mining round-up: Anglo American, Anglo Pacific Group, Greatland Gold …

Anglo American PLC (LON:AAL) expects to spend US$500mln on the former Sirius Minerals Yorkshire mine project in 2021, around US$200mln more than it originally expected when it acquired the project at a knockdown price just over a year ago. The miner’s financial results statement reveals that Anglo spent US$292mln on the Woodsmith mine project in 2020 following its acquisition in March,

Anglo Pacific Group PLC (LON:APF, TSE:APY) has struck a deal to acquire a 70% net interest in a stream on cobalt production from the Voisey’s Bay mine in Canada. The company, in a statement, highlighted that it will provide a significant long-life revenue stream from an established, world-class operation.

Greatland Gold PLC (LON:GGP) has announced details of the initial 2021 work programme for the Juri joint venture, including drilling of several targets within the Paterson Range East and Black Hills licences. Multiple additional targets within the Juri joint venture have been identified following analysis of results of a heliborne airborne electromagnetic survey.

Tirupati Graphite PLC (LON:TGR) has successfully completed trials and tests for the manufacture of battery-grade spherical graphite, used in the anode of lithium-ion batteries. The trials and tests were conducted in tandem with a globally recognised German manufacturer of spheroidisation and micronisation equipment, achieving significant results in the end product.

Base Resources Ltd (LON:BSE) generated revenue of US$72.8mln from its mining operations in Kenya in the six months to 31 December 2020. EBITDA came in at US$33.9mln, while net debt was cut by US$50mln.

IronRidge Resources Ltd (LON:IRR) told investors that visible mineralisation has been observed during its ongoing drill programme at the Ewoyaa lithium project in Ghana. The company, in a statement, noted that the programme is progressing well with 4,300 metres of reverse circulation drilling completed to date.

Horizonte Minerals PLC (LON:HZM) told investors it has been awarded a construction licence package for the development of the power line for the Araguaia ferronickel project in Brazil. The licences allow the implementation of a 120-kilometre power and substation to serve Araguaia, connecting the mine to the national power grid.

Strategic Minerals PLC (LON: SML)(USOTC:SMCDY) is commencing a trenching and auger exploration programme to investigate the possible presence of extensions of mineralisation up to 1,000 metres to the west of the presently established resource at the Redmoor project in Cornwall. Multiple prospective targets for tin and copper have been identified as a result of a review of historic exploration data to the west of the Redmoor deposit.

Mkango Resources Ltd (LON:MKA) has begun testing the flotation pilot plant for the Songwe Hill Rare Earths project, in Malawi. The test work is taking place at a ALS Metallurgy facility in Perth, Australia. The pilot uses a new optimised flotation regime that has been developed and scaled up.

Bezant Resources PLC (LON:BZT) has started target testing for its maiden drill programme at the Kalengwa exploration project area in Zambia. The 800m programme at Kalengwa will test the first two priority exploration targets for copper based on a review of extensive historic exploration datasets

Caledonia Mining Corporation PLC (LON:CMCL NYSE:CMCL) has appointed sustainability and community engagement expert Geralda Wildschutt to the board as an independent non-executive director.

Vast Resources PLC (LON:VAST) updated investors on developments at its Baita Plai mine in Romania, saying that it is in the process of preparing a revised mining plan for the site. The AIM-listed miner said the revised plan incorporates a move away from the traditional labour-intensive mining methods within the existing plan to a more modern mechanised mining method

Scotgold PLC’s (LON:SGZ) chief executive Richard Gray is to retire at the end of March following the group’s move from an explorer to producer. Philip Day, a 25-year mining veteran is his replacement.

Asiamet Resources Limited (LON:ARS) raised around £10mln through a fundraising which will be used to advance various programmes at its BKM copper project in Indonesia. The AIM-listed company said it has successfully placed around 45.5mln new shares at a price of 2.2p each

Panthera Resources PLC (LON:PAT) has agreed a £1.17mln deal to sell its interest in the Tellerhäuser Underground Mine in Saxony, Germany. The agreement sees the company sell its 9.7mln shares in Anglo Saxony Mining Limited (ASM) at a price of 12p per share, in return for a cash payment.

Conroy Gold and Natural Resources PLC (LON:CGNR) has dropped its planned Irish joint venture with Anglo Asian Mining PLC (LON:AAZ) in favour of a deal with Turkish group Demir Export. A letter of intent between the two firms has already been signed, with Demir set to fund and develop Conroy’s Clontibret licence on the Longford-Down Massif gold trend.

Power Metal Resources PLC (LON:POW) has exercised its option to acquire both the Magical Property and Enable prospects on Schreiber-Hemlo Greenstone Belt in north-western Ontario, Canada.

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