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Articles by Pegasus Metals
Orinoco raises $12m
Junior miner Orinoco Gold has announced a $12.1 million capital raising to target a ramp up in production at its Cascavel operation in Brazil.
Juniors come to terms with changes in Tanzania
The Tanzanian government has revealed the full slate of legislative changes which will affect the companies behind the mining and export of precious metals in the country, some of which are based in Perth. Cradle Resources, Black Rock Mining, Graphex Mining and AngloGold Ashanti have each responded to the changes, some of which have already come into effect, which predominantly target the mining and export of precious metals and metal concentrates from existing operations inside Tanzania.
Lucapa in $9.1m diamond sale
Subiaco-based Lucapa Diamond Company has sold $9.1 million of alluvial diamonds from its Lulo operation in Angola, bringing its total sales from that site to more than $100 million. The latest sale was for a parcel of 1,552 carats of diamonds, and was the second such sale this year. Lucapa calculated the price received as $US4,446 per carat, which the company described as exceptional. To read more, please Login or Register below
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