Resource
Red Crescent Resources Limited (TSX:RCB) provided some updates on the company’s activities since January 14th, 2013. The company’s Hakkari Zinc Project has continued to produce via underground operations amid harsh weather conditions and on March 13th, it exported 2,850 tons of DSO from the Mersin port.
Bloomberg reported that Rio Tinto Group plans to sell individual mines of its $2.2B diamond business as a means to lift shareholder value.
American Graphite Technologies Inc. (OTCBB:AGIN) announced that CTI Nanotechnologies LLC, its licensing partner, has acquired a new facility in Rockingham, VT which will be used to house research and development equipment for graphene paper.
Olympic Resources Ltd (TSXV:OLA) announced that it has entered into a non-binding agreement with Majescor and Sunridge for an option to acquire 100% of Daraina Exploration S.A.R.L. which holds the Besakoa graphite exploration property in Madagascar.
Reuters reported that Indonesia expects its nickel smelter, which is being constructed in Central Sulawesi, will start operations towards the end of 2014. The Indonesian government announced that it will no longer allow unprocessed mineral exports after January 2014, a rule that has been heavily criticized by miners who believe smelters are not viable for all metal ores that the country exports.
Mining Weekly reported that African Rainbow Minerals’ executive chairperson and South African mining magnate, Patrice Motsepe wants to invest in Guinea’s iron ore.
Bloomberg reported that West Texas Intermediate crude has reached its highest level in over 2 weeks as SPX approached a record on optimism that the economic stimulus will remain in order to bolster growth.
Canada Lithium Corp (TSX:CLQ, OTCQX:CLGMF) announced that it has entered into an agreement with Dundee Securities Ltd to purchase on a bought deal private placement basis, 21,110 convertible debentures at a price of $1,000/debenture.
Stillwater Mining Company (TSX:SWC.U, NYSE:SWC) announced its first quarter income attributable to common stockholders, which amounts to $14.6 million, or approximately $0.12 per share.
Bloomberg reported that the Zimbabwe government has no intention of stopping its acquisition of 27,498 hectares of Impala’s platinum unit, Zimplats Ltd, even as the biggest platinum producer in the country continues to discuss its appeal.
