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Operational improvements continue across Anglo portfolio

By: Martin Creamer     Updated 1 hour 44 minutes ago Operational improvements continue across the portfolio of Anglo American, which delivered an overall superior production performance in the three months to end September. On a copper equivalent basis, the London- and Johannesburg-listed diversified mining company beat previous third-quarter... 

Operational improvements continue across Anglo portfolio
Photo by Duane Daws
Anglo American CEO Mark Cutifani

Amplats expects lower production impact from Waterval furnace rebuild

By: Natasha Odendaal     Updated 4 hours ago JSE-listed Anglo American Platinum (Amplats) has narrowed the estimated production impact of the Rustenburg-based Waterval smelter’s unplanned shutdown of furnace one to around 75 000 oz. The run-out of molten furnace matte at the smelter on September 10, which slashed some 20% of the company’s... 

Amplats expects lower production impact from Waterval furnace rebuild

Kumba posts double-digit rise in Q3 production

By: Natasha Odendaal     Updated 4 hours ago JSE-listed Kumba Iron Ore’s restructure of its Sishen Iron Ore Company is bearing fruit as the iron-ore producer delivered a double-digit surge in production for the third quarter of the year. Production for the three months to September 30 increased 33% quarter-on-quarter and 3% year-on-year to... 

Chamber of Mines rejects criticism of SADC mining industry’s record

By: African News Agency      Updated 5 hours ago The Chamber of Mines has rejected the view that the mining industry has had a purely negative impact on society in mineral-rich sub-Saharan Africa. Instead, the Chamber said that the industry had been the basis for economic development in South Africa and many other parts of the developing world. 

PTM launches $40m financing for Maseve development, working capital

By: Henry Lazenby     25th October 2016 South Africa-focused project developer Platinum Group Resources (PTM) has launched a $40-million bought deal financing to raise cash for underground development and production ramp-up of the Project 1 Maseve platinum mine, debt repayment and general corporate purposes. A syndicate of underwriters... 

Tiger adjusts output after plant spill

By: Esmarie Swanepoel     Updated 4 hours ago ASX-listed Tiger Resources has downgraded its copper cathode production expectations for 2016, following the seepage of process solution from its intermediate leach solutions (ILS) pond at the Kipoi project, in the Democratic Republic of Congo. The miner said on Tuesday that the leak was... 

Tiger adjusts output after plant spill

Resolute discovers more gold at Syama

By: Esmarie Swanepoel     Updated 4 hours ago Gold miner Resolute Mining has reported new high-grade gold intercepts from an ongoing deep extension drilling programme at its Syama mine, in Mali. The company on Tuesday told shareholders that a completely new zone of mineralisation had been identified south of the Syama deposit and the new... 

Kefi advances talks with govt for Tulu Kapi’s development

By: Natasha Odendaal     Updated 2 hours 7 minutes ago Aim-listed Kefi Minerals on Tuesday said progress is being made in ongoing discussions with Ethiopia’s government and development bank as work advanced on its flagship Tulu Kapi gold project. Negotiations with the Development Bank of Ethiopia, which this year completed an evaluation process of... 

Mali miners suspend five-day strike after ministry move

By: Reuters     Updated 5 hours ago Mine workers in Mali have suspended a five-day strike scheduled to begin on Monday following a last-minute plea from the mines ministry, a union official said. Mine workers had planned to go on strike to protest at what they described as unfair treatment of union workers who had been fired or... 

Galane upbeat on potential Tau extension at depth

By: Henry Lazenby     25th October 2016 Southern Africa-focused gold producer Galane Gold says it plans to undertake an exploration programme next year to investigate if there is a down dip and to note the possible extent of the ‘C Reef’ strike beyond the current mined area within the active underground working areas of the Mupane... 

Brazil's Samarco misses second bond interest payment in a month

By: Reuters     25th October 2016 Samarco Mineração, the Brazilian iron-ore mining joint venture that suspended operations in November following a dam disaster, on Monday said it had missed a $20-million interest payment related to a senior unsecured bond due in 2023. The payment on the $700-million bond was due on Monday and... 

Top gold buyer sees demand slumping on ‘black money’ curbs

By: Bloomberg     Updated 5 hours ago In the world’s largest gold-consuming country after China, demand has just fallen off a cliff. Saurabh Gadgil, a sixth-generation jeweler, says it’s the worst year in India since he took charge of the family business in 1999. The 39-year old chairperson of PN Gadgil Jewellers, which has stores in... 

China's State planner urges coal mines to speed up output hikes - sources

By: Reuters     Updated 2 hours 18 minutes ago China's state planner urged coal miners to speed up the pace of output increases to tame the historic spike in prices at a meeting on Tuesday, two sources said, the latest sign Beijing is worried about dwindling supplies ahead of the winter. At a hastily called meeting with 16 coal miners, the... 

Glencore secures 48% hike in thermal coal price

By: Reuters     Updated 5 hours ago Glencore and Japanese power utilities have settled quarterly thermal coal contract prices at $94.75/t, up from around $64 last quarter, sources confirmed on Tuesday, reflecting a surge in spot prices. The Japanese buyers agreed to pay the higher price to secure supplies of high-quality thermal... 

CIL grants fuel linkages in times of surplus

By: Ajoy K Das     Updated 3 hours ago Coal India Limited (CIL) has started granting short- and medium-term coal supply linkages to all thermal power plants stranded till now without assured dry fuel. With rising production and carrying high pit-head stocks, the miner has adopted a two-pronged strategy to bail-out all those power... 

Pilbara and MinRes find solution to Pilgangoora issues

By: Esmarie Swanepoel     Updated 4 hours ago Juniors Pilbara Minerals and Mineral Resources (MinRes) have reached an agreement to resolve the dispute over a sales notice and right of first refusal over product from the Pilgangoora lithium project, in Western Australia. The two companies have been embroiled in a battle since Pilbara earlier... 

Pilbara and MinRes find solution to Pilgangoora issues

Native Title ruling a win for miners

By: Esmarie Swanepoel     Updated 4 hours ago Global law firm Ashurst said a recent High Court ruling, which rejected a special leave application by the Ngadju People, meant that strategically important areas in Western Australia had been left undisturbed. The Full Court of Australia in March this year overturned a Federal Court decision at... 

Alkane signs MoU over Dubbo

By: Esmarie Swanepoel     Updated 5 hours ago ASX-listed Alkane Resources has signed a non-binding memorandum of understanding (MoU) with technology firm Siemens over the Dubbu zirconia project, in New South Wales. The MoU details Alkane and Siemens’ joint intention to enter into separate agreements to progress and implement business... 

Urquhart free of EIS

By: Esmarie Swanepoel     Updated 5 hours ago The Queensland government has told ASX-listed Metallica Minerals that it would not require an environmental impact statement (EIS) for its Urquhart bauxite project. The determination by the Department of Environment and Heritage protection followed an earlier determination from the federal... 

Metro rivals Moly with cash and share offer for Gulf Alumina

By: Esmarie Swanepoel     Updated 5 hours ago ASX-listed Metro Mining will launch another takeover offer for Gulf Alumina to rival a takeover offer from fellow-listed Moly Mines. Metro, which already holds a 39% stake in Gulf Alumina, has previously said some of the conditions attached to the Moly Mines offer would be difficult to satisfy. 

Metro rivals Moly with cash and share offer for Gulf Alumina

Bellhaven upgrades 70% of La Mina resource to the indicated category

By: Henry Lazenby     25th October 2016 Colombia-focused explorer Bellhaven Copper & Gold has upgraded the La Mina resource, in Colombia, increasing confidence in the National Instrument 43-101-compliant resource estimate and further de-risking the project. The TSX-V-listed company reported Monday that La Mina now contained... 

Fission reports growing high-grade resource to the west

By: Henry Lazenby     24th October 2016 Explorer Fission Uranium has confirmed new high-grade mineralisation at the R840W zone, currently outside of the Triple R resource area, and also at the main R780E zone, beneath the Triple R deposit, at its Patterson Lake South (PLS) property, located in Canada's Athabasca basin region. The... 

Rambler cuts costs as it redoubles focus on Ming mine expansion

By: Henry Lazenby     24th October 2016 Canada-focused maritime copper producer Rambler Metals and Mining has managed to lower costs by more than 18% for the year ended July 31, but booked another sizeable writedown on its flagship Ming mine, in Newfoundland. The London, England-based company reported that C1 cash costs fell on average... 

Gold Fields aims to increase production in W Africa

By: David Oliveira     24th October 2016 Gold mining major Gold Fields announced earlier today that it would like to increase gold production from its West African assets to a million ounces a year. The company currently owns and operates two mines in Ghana, namely Damang and Tarkwa, which Gold Fields West Africa head Alfred Baku noted... 

Conference highlights the economic, environmental challenges facing mining communities

By: Anine Kilian     24th October 2016 Mining communities in Africa are often in remote areas, far from where decisions are being made on their behalf, Open Society Initiative of Southern Africa team leader Masego Madzwamuse said on Monday. Speaking at an event hosted by nonprofit organisation Benchmarks Foundation, in Johannesburg,... 

Beowulf’s Kallak remains under environmental review

By: Megan van Wyngaardt     24th October 2016 Nordic-focused exploration and development company Beowulf Mining has not taken any shortcuts in the development of its Kallak North magnetite iron-ore project, in Sweden, it said on Monday. The mine was recently under review by the Mining Inspectorate of Sweden, owing to questions surrounding... 

De Beers spending more on South African diamond exploration 

By: Martin Creamer     24th October 2016 Diamond mining company De Beers Consolidated Mines (DBCM) is spending more on exploration as it searches for a new diamond mine to augment its two existing South African diamond mines – Venetia, in Limpopo province, and Voorspoed, in the Free State. DBCM CEO Phillip Barton, who spoke to Mining... 

De Beers Consolidated Diamond Mines CEO Phillip Barton tells Mining Weekly Online’s Martin Creamer that the company’s exploration budget has been increased. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Xtract confident of company’s future after halting Chile mine investment

By: Megan van Wyngaardt     24th October 2016 Xtract Resources’ decision to no longer provide finance to Minera Polar Limitada, the owner of the Chepica gold/copper mine, in Chile, has stopped the severe financial haemorrhaging the company had suffered over the past year. In September, Xtract decided to pull the plug on its investment in the... 

Botswana’s economic stimulus to prevent financial deficit narrowing rapidly

By: Natasha Odendaal     24th October 2016 The next two years will see a gradual narrowing in Botswana’s financial deficit as mining recovers; however, continued government capital expenditure (capex) requirements will prevent the surplus seen during the commodity boom. Data released by BMI Research shows the Southern African country’s... 

China sets another meeting to boost coal supply as prices surge – sources

By: Reuters     24th October 2016 China's State planner has called another last-minute meeting to discuss with more than 20 coal mines more steps to boost supplies to electric utilities and tame a rally in thermal coal prices, according to two sources and local press. The National Development and Reform Commission (NDRC) has... 

Mining industry must do more for communities – BMF

By: Anine Kilian     24th October 2016 With mining communities not having reaped the expected benefits that mining companies were meant to provide, the industry has become a difficult subject to discuss in South Africa, despite current levels of interest in the subject being unparalleled since South Africa’s transition to... 

Mining industry must do more for communities – BMF

AfDB provides R4.2m for South African sustainable mining efforts

By: Megan van Wyngaardt     24th October 2016 To develop skills and knowledge in sustainable development and mining, the African Development Bank (AfDB) has granted R4.2-million to an initiative run by the South African government and the University of Cape Town (UCT). Aimed at helping turn the minerals extraction and beneficiation... 

Avocet dealt blow as 1 400 oz of gold is seized in labour row

By: Megan van Wyngaardt     24th October 2016 LSE-listed Avocet Mining’s shares fell by 24.5% from 83.12p a share at Friday’s close to 62.75p apiece on Monday morning, following the news that a gold shipment containing about 1 400 oz from the Inata gold mine, in Burkina Faso, had been seized. Bailiffs acting on behalf of former employees of... 

Petra achieves 1.1Mct output in Q1

By: Natasha Odendaal     24th October 2016 LSE-listed Petra Diamonds has reported a strong start to the 2017 financial year, achieving a double-digit surge in diamond output and higher revenue for the three months to September 30. Petra on Monday reported a 30% jump in diamond production during the first quarter of the year to nearly... 

Petra achieves 1.1Mct output in Q1

Liquidator retrenches all 5 000 workers at mothballed Botswana nickel miner

By: African News Agency      24th October 2016 All 5 000 employees of the moth-balled Botswana nickel miner Bamangwato Concession Limited (BCL) and its subsidiaries Tati Nickel Mining Company (TNMC) and BCL Investments will receive their last salaries in October 2016, the mine’s provisional liquidator has said. In a letter sent directly to... 

Amec calls for EDI extension

By: Esmarie Swanepoel     24th October 2016 The Association of Mining and Exploration Companies (Amec) has called on the federal government to extend the Exploration Development Incentive (EDI) beyond 2017, saying it will take nearly a decade for the programme to demonstrate its true value. The EDI encourages shareholder investment in... 

Randgold to pursue more opportunities in Côte d'Ivoire

By: Megan van Wyngaardt     24th October 2016 Africa-focused gold miner Randgold Resources will continue to explore gold opportunities in Côte d'Ivoire. Speaking at a Randgold-sponsored golf event in the West African country at the weekend, CEO Mark Bristow noted that the country held exciting possibilities for further investment and that... 

Randgold to pursue more opportunities in Côte d'Ivoire
Randgold Resources CEO Mark Bristow

India raises concerns over lack of development at auctioned mineral blocks

By: Ajoy K Das     24th October 2016 India’s Mines Ministry has expressed concern that 16 auctioned mineral blocks have not been developed into operational mines and has convened a high-level meeting for later this week to take stock of the situation. The Ministry has convened the meeting of the Post Auction Mining Clearance and... 

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De Beers spending more on South African diamond exploration

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Wesizwe opts for contractor mining at Bakubung

On-The-Air (21/10/2016)

Coal junior aiming to up production to 10Mt, list on JSE

Oppenheimer, De Beers polishing diamond tourism's sparkle

Oppenheimer, De Beers polishing diamond tourism's sparkle

Gamsberg project cost lowered as zinc price outlook brightens


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