Category: Mining

Dunebridge will lend miner additional $10 million.
Offloading inventory at reduced margins supported sales amid difficult market conditions.
Letšeng mine owner has also curbed production and sales guidance for the full year.
Burgundy Diamond Mines will temporarily cease operations at Point Lake open pit until market recovers.
Production up 76% year on year in second quarter following temporary shutdown a year ago.
Production also drops amid processing of lower-grade ore.
Deposit is third of six kimberlites in the area, thought to contain more than 40 million tonnes of ore bearing rough stones.
Employees have suffered 50% pay cut, local union says.
Winsome Resources has declined to purchase Stornoway for its lithium project.

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