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Mantashe not intent on scrapping Mining Charter 3

By: Anine Kilian     Updated 4 hours ago Mineral Resources Minister Gwede Mantashe on Tuesday stressed the importance of tackling key aspects of the third iteration of the Mining Charter (Mining Charter 3) with urgency and speed. Addressing media at a press briefing, in Pretoria, he said government was not going to start the Mining... 

Mantashe not intent on scrapping Mining Charter 3
Mineral Resources Minister Gwede Mantashe

Pallinghurst shifts focus to gemstones; Frandsen, Willis to manage Sedibelo interest

By: Marleny Arnoldi     Updated 2 hours 50 minutes ago Its decreasing exposure to steelmaking materials, is prompting natural resources investment company Pallinghurst Resources to focus on coloured gemstones and the company plans to change its name to Gemfields Group, pending shareholder approval. 

Pallinghurst shifts focus to gemstones; Frandsen, Willis to manage Sedibelo interest
Pallinghurst Resources shifts focus to coloured gemstones

Geographical diversification bodes well for South Africa’s Master Drilling

By: Simone Liedtke     Updated 3 hours ago South Africa-based raisebore driller Master Drilling’s expansion into new markets, particularly its recent entry into India and Australia, should stand it in good stead to benefit from a global uptick in the commodity cycle. The JSE-listed company in November announced its entry into the Indian... 

Civil society organisations oppose coal IPP generation licence applications

By: Simone Liedtke     Updated 2 hours 18 minutes ago Civil society organisations will use next week’s public hearings into the generation licence applications for the Thabametsi and Khanyisa power station projects to raise their objections to the new coal-fired power stations that private developers plan to build in Limpopo and Mpumalanga. The Life... 

Glencore announces $1.7bn Rio Tinto coal mine deal

By: Esmarie Swanepoel     20th March 2018 Switzerland-headquartered mining major Glencore will acquire diversified miner Rio Tinto’s 82% interest in the Hail Creek coal mine and adjacent coal resources, in Queensland, as well as a 71.2% interest in the Valeria coal resource for $1.7-billion in cash, the company announced on Tuesday.... 

Glencore announces $1.7bn Rio Tinto coal mine deal

Chinese control of cobalt supply risk for EU car industry – Glencore

By: Reuters     Updated 2 hours 51 minutes ago Glencore chief executive Ivan Glasenberg said that the automotive industry is waking up too late to the fact that the Chinese will hold most of the world's global cobalt supply, a key metal for electric vehicle (EV) batteries. "If cobalt falls in hands of the Chinese, yeah you won't see EVs being... 

EV adoption rate reaching critical mass as search for ethical cobalt heats up

By: Henry Lazenby     20th March 2018 Cobalt company Cobalt 27 is seeing an ideal storm brewing for its key commodity as the adoption rate of electric vehicles (EVs) accelerates faster than even optimistic forecasts had speculated. “Cobalt 27 is a proxy for the adoption of the EV,” executive chairperson Anthony Milewski told Mining... 

EV adoption rate reaching critical mass as search for ethical cobalt heats up

Investec amends Buffalo Coal term loan, revolving credit facility

By: Simone Liedtke     Updated 3 hours ago Coal miner Buffalo Coal Dundee, a wholly-owned subsidiary of TSX-V- and AltX-listed Buffalo Coal, has entered into an amendment to its term loan and revolving credit facility with Investec Bank. Pursuant to the amendment, the working capital facility under the Investec facility was increased by... 

Katoro suspends Imweru feasibility work as it assesses project’s economic viability

By: Anine Kilian     Updated 3 hours ago Aim-listed Katoro Gold is assessing the economic viability of its Tanzania-based Imweru gold project, based on the results of a prefeasibility study and the new mining legislation and regulations being implemented in Tanzania.   The company said in a statement on Tuesday that an integral part of... 

BlueRock raises £500 000 to expand mining activities

By: Marleny Arnoldi     Updated 2 hours 34 minutes ago Aim-listed BlueRock Diamonds has raised about £500 000, before expenses, through the issue of 33.33-million shares of 1p each.  

Zambia targets 1Mt of copper output this year

By: Reuters     Updated 7 hours ago Zambia expects to produce more than one-million tonnes of copper this year after revising its 2017 copper production upwards on the back of stable power supply, a senior ministry of mines official said on Tuesday. Rising copper prices were also expected to boost revenue collection in Africa's... 

Winmar raises cash for cobalt buy

By: Esmarie Swanepoel     20th March 2018 ASX-listed Winmar Resources will raise some A$3.1-million through a share placement to fund a due diligence on a potential new cobalt acquisition, in the Democratic Republic of Congo. The company on Tuesday said that it will issue more than 425.2-million shares, under its current placement... 

Birimian reports cost savings at Mali lithium project

By: Esmarie Swanepoel     20th March 2018 Lithium hopeful Birimian has reported a number of cost cuts at its Goulamina project, in Mali, following the optimisation of the prefeasibility study (PFS). Birimian on Tuesday reported that transport and handling costs have reduced by an estimated 47%, from $187/t to $100/t, while power costs... 

Rio Tinto fears impact of trade war concerns despite tariff exemptions

By: Reuters     Updated 3 hours ago Global miner Rio Tinto sees fears of a trade war between the US and China weighing on its shares, even after the company won an exemption from US tariffs for its Canadian aluminium exports. Nearly a third of all aluminium consumed by the US is supplied by Rio Tinto from Canada. 

Polyus adds new metal, more gold to shake 'Russian discount'

By: Bloomberg     Updated 6 hours ago Polyus is targeting more than just gold to help challenge the “Russian discount” it says is tainting its share price. The Russian precious metals miner plans to sell shares on the market and boost gold production, which could vault it into the top five biggest miners in the world as early as... 

Polyus adds new metal, more gold to shake 'Russian discount'
Polyus CEO Pavel Grachev

Strategic Minerals updates Cornwall tin project resource

By: Creamer Media Reporter      Updated 7 hours ago The inferred mineral resource of the Redmoor tin/tungsten project, in the UK, has increased to 4.5-million tonnes, at 1% tin-equivalent, Aim-listed Strategic Minerals reported on Tuesday. The update, established by mining consultancy SRK Consulting, is nearly double the previously reported... 

Amur to position Russia project as ready source for EV battery market

By: Mariaan Webb     Updated 7 hours ago London-listed Amur Metals is gearing up for an aggressive marketing programme in large nickel consuming nations China, Korea and Japan, as the Kun-Manie nickel sulphide project, in the far east of Russia, is shaping up to be potentially a ready source for the electric vehicle (EV) battery... 

Amur to position Russia project as ready source for EV battery market

China iron-ore, steel extends losses as lofty China inventories weigh

By: Reuters     20th March 2018 Chinese iron-ore prices fell further on Tuesday, a day after posting their biggest daily drop in almost ten months as high inventories and a weak domestic steel market pressure prices. Near-term inventory risks have dampened the outlook for steel and iron-ore prices short term, Argonaut said in a... 

Finders says shareholders should reconsider Eastern Field bid

By: Esmarie Swanepoel     20th March 2018 The directors of takeover target Finders Resources have advised shareholders to consider accepting the offer from suitor Eastern Field Development, after that company obtained a more than 60% interest in the ASX-listed company. Finders told shareholders that while the independent directors of... 

Darlot restarts production - Red 5

By: Esmarie Swanepoel     20th March 2018 Gold miner Red 5 has restarted production at the Darlot Gold mine, at a reduced production rate. The company earlier this month reported operational issues at the Darlot mill, in Western Australia, warning shareholders that production for the March quarter would be lower than expected. 

Classic finds ore solution in WA

By: Esmarie Swanepoel     20th March 2018 ASX-listed Classic Minerals has inked a non-binding memorandum of understanding (MoU) for the treatment of ore from its Forrestania gold project, in Western Australia. The MoU, signed with Tianye SXO Gold Mining, allows for monthly parcels of between 20 000 t and 30 000 t for a 36-month period,... 

New Hope sees revenue soar

By: Esmarie Swanepoel     20th March 2018 Coal miner New Hope Group has reported a 36% increase in revenue for the first half of 2018, compared with the previous corresponding period. The ASX-listed miner on Tuesday reported revenues of A$509.3-million for the six months to January, compared with the A$374.6-million reported in the... 

Angularli hosts significant resource for Vimy

By: Esmarie Swanepoel     20th March 2018 ASX-listed Vimy Resources has reported a maiden mineral resource of 26-million pounds uranium oxide at its Angularli deposit, at the Aligator River project (ARP), in the Northern Territory. The Angularli deposit is located within the King River-Wellington Range project, which has 1 600 km2 of... 

Intermin reports maiden resource at Richmond

By: Esmarie Swanepoel     20th March 2018 Junior explorer Intermin Resources has announced a resource of 2.5-billion tonnes, grading 0.32% vanadium pentoxide for its Richmond project, in Queensland, making it one of the largest vanadium deposits in the world. The company noted that the resource remained open in all directions and was... 

Miners mourn passing of Bob Kennedy

By: Esmarie Swanepoel     20th March 2018 Mining stalwart Robert Kennedy has passed away following a brief illness. Kennedy was the founding chairperson of junior Maximus Resources, founding chairperson of explorer Monax Mining and non-executive chairperson of gold producer Ramelius Resources. 

US bans transactions with Venezuela's digital currency – White House

By: Reuters     19th March 2018 US President Donald Trump on Monday signed an executive order barring any US-based financial transactions involving Venezuela's new petro cryptocurrency, as US officials warned that it was a "scam" by President Nicolas Maduro's government to further undermine democracy in the OPEC country. "The... 

US Congressional action underscores strong desire to establish domestic REE supply chains

By: Henry Lazenby     19th March 2018 Recent US Congressional actions point to a strong desire to establish domestic rare earth element (REE) supply chains, as the industry seeks to diversify away from dominant producer and consumer – China. Congress continues to work on the development of REE separation technologies, as evidenced by... 

US Congressional action underscores strong desire to establish domestic REE supply chains
Rare-earth oxides

Marijuana is the new gold as former Canada miners go to pot

By: Bloomberg     19th March 2018 Turns out, it may be easier to strike gold by growing green. Just ask Jay Wilgar, a former wind power developer who started a medical marijuana company with friend Travis Kanellos after hatching the idea while lifting weights at a gym. When they began looking at ways to take their startup... 

Marijuana is the new gold as former Canada miners go to pot

Yauricocha strike ends, not to impact Sierra Metals guidance

By: Henry Lazenby     19th March 2018 TSX- and NYSE American-listed Sierra Metals reported that a wildcat strike by less than 10% of workers employed at its Yauricocha mine, in Peru, has ended with minimal disruption and no expected impacts on 2018 production. Sierra said the strike action started on Friday and ended following... 

Anaconda turns hostile in bid to buy Maritime Resources

By: Henry Lazenby     19th March 2018 The TSX-V-listed stock of junior explorer Maritime Resources jumped by 20% on Monday morning following an announcement by Atlantic Canada-focused project consolidator Anaconda Mining that it intends to take a takeover deal directly to shareholders following inaction by the Maritime board.... 

Alio to lift output 65% this year through Rye Patch Gold buy priced at C$128m

By: Henry Lazenby     19th March 2018 The TSX-V-listed equity of Rye Patch Gold jumped more than 11% on Monday following a joint announcement with junior explorer Alio Gold that the companies have agreed to execute a plan of arrangement through which Alio will acquire Rye Patch. Vancouver-based Alio, which is operating the San... 

Weatherly narrows interim loss

By: Simone Liedtke     19th March 2018 With a continuing upward trend in the copper price in 2017, Namibia-focussed Weatherly International narrowed its loss for the six months to December 31 to $5.9-million, compared with a loss of $11.2-million in the six months to December 2016. Revenue after royalties for the six-month period as... 

Dalradian continues to move Northern Ireland project towards production

By: Creamer Media Reporter      19th March 2018 With the planning application for the Curraghinalt mine submitted, dual-listed Dalradian Resources’ primary goal is to progress the Northern Ireland project to production. This goal will be advanced this year through drilling, engineering and geological studies, as well as environmental and... 

15 MW Essakane hybrid plant inaugurated in Burkina Faso

By: Simone Liedtke     19th March 2018 The 15 MW Essakane solar plant, in northern Burkina Faso, has been officially opened. The photovoltaic (PV) plant will supply electricity to Iamgold's Essakane gold mine. 

In-principle agreement reached on some changes to Mining Charter 3 – Solidarity

By: Anine Kilian     19th March 2018 In-principle agreements have already been reached regarding certain changes to the third iteration of the Mining Charter, or Mining Charter 3, during negotiations held over the weekend, says trade union Solidarity. Mineral Resources Minister Gwede Mantashe and his deputy Godfrey Oliphant met with... 

DRC curbs expectations of miners about concessions on code

By: Bloomberg     19th March 2018 Mining companies in the Democratic Republic of Congo (DRC) won’t secure substantial concessions in talks with the state about changes to the industry code, a senior mining official said. The operators, including Glencore Plc and Randgold Resources, are pressing the government to row back on some... 

Zimbabwe changes empowerment law limiting majority ownership to diamond and platinum

By: Reuters     19th March 2018 Zimbabwe has changed its empowerment law to limit majority ownership by state entities to only diamond and platinum mines and not the entire mining sector as in previous legislation, according to a government notice. The Indigenisation and Econmic Empowerment Act was designed to increase black... 

Honey Badger initiates drilling programme at Thunder Bay silver camp

By: Simone Liedtke     19th March 2018 Gold and base metals exploration company Honey Badger Exploration has mobilised a drill to start a 1 500 m drilling programme at its Canada-based Thunder Bay polymetallic silver camp. Earlier this year, the company completed a systematic exploration programme, which combined field measurements,... 

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