R/€ = 15.73 Change: -0.02
R/$ = 14.32 Change: -0.08
Au 1317.03 $/oz Change: -6.37
Pt 1074.00 $/oz Change: -11.50

Email me free daily news

Email address

Anglo American Platinum generates strong free cash flow, cuts debt

By: Martin Creamer     Updated 4 hours ago Anglo American Platinum (Amplats) on Monday reported generating R3.2-billion free cash flow in the six months ended June 30, and cutting debt by R2.9-billion, despite the lower price environment. The leading platinum producer’s sales revenue increased by 3% to R30.7-billion, its earnings before... 

Anglo American Platinum generates strong free cash flow, cuts debt
Photo by Duane Daws
Anglo American Platinum CEO Chris Griffith

World heading for shortage of physical gold – DRDGold 

By: Martin Creamer     Updated 5 hours ago Confidence in the world order and the ability of governments to manipulate the value of fiat currency is seen to be diminishing, as is confidence in governments as credible sources of capital. What the world does in such circumstances is buy gold but there may not be enough gold to buy because of... 

DRDGold CEO Niël Pretorius spells out upcoming gold supply constraints to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer. 24.7.2016

Petra to reach five-million-carat target earlier than expected

By: Creamer Media Reporter      Updated 1 hour 47 minutes ago Following a year of strong growth and record production, Petra Diamonds now expects to reach its five-million-carat-a-year production target in the 2018 financial year – a year sooner than previously anticipated. Petra produced 3.7-million carats in the year ended June 30, a 16% increase on the... 

Petra to reach five-million-carat target earlier than expected
Photo by Duane Daws
Petra CEO Johan Dippenaar

Randgold lowers Côte d'Ivoire output forecast on power cuts

By: Reuters     Updated 5 hours ago Randgold Resources' Tongon mine in Côte d'Ivoire will have a slightly lower gold output this year than previously expected mainly owing to an erratic power supply, Chief Executive Mark Bristow told reporters late on Saturday. The mine, one of five operated by the London-listed company in three... 

Randgold lowers Côte d'Ivoire output forecast on power cuts
Randgold Resources CEO Mark Bristow

Guinea's SBDT bauxite project to begin mine construction this year

By: Reuters     Updated 5 hours ago Guinea's Societe des Bauxites de Dabola-Tougue (SBDT) expects to begin construction on a mine by the end of this year that would allow it to exploit its large, untapped reserves of bauxite, the company's chief executive said on Friday. The state of Iran holds a 51% stake in SBDT, which owns... 

‘New class of gold investor’ may emerge amid global uncertainties

By: Dylan Slater     22nd July 2016 The World Gold Council (WGC) believes that an “entirely new class of gold investor” could emerge because of the significant global increase in the interest in gold stocks, following the Brexit vote – the British exit from the European Union (EU). “As a high-quality, liquid asset, we believe gold... 

‘New class of gold investor’ may emerge amid global uncertainties

AngloGold swings to H1 profit amid higher gold price, weaker currencies

By: Creamer Media Reporter      22nd July 2016 A higher gold price and weaker currencies have contributed to AngloGold Ashanti swinging back into profit for the six months ended June 30. The gold miner, led by CEO Srinivasan Venkatakrishnan, expects to report headline earnings of between $87-million and $99-million and headline earnings a... 

AngloGold swings to H1 profit amid higher gold price, weaker currencies
Photo by Duane Daws
AngloGold CEO Srinivasan Venkatakrishnan

Acacia could exceed FY output target following strong Q2

By: Creamer Media Reporter      22nd July 2016 Following a strong second-quarter performance, LSE-listed Acacia Mining expects its production for the full-year to reach or exceed guidance of 750 000 oz to 780 000 oz. It also expects its full-year all-in sustaining costs (AISC) to come in at the lower end of guidance of $950/oz to $980/oz. 

Former mineworkers owed billions of rands

By: Natasha Odendaal     22nd July 2016 A substantial sum – between R7-billion and R10-billion – of an estimated R30-billion in unclaimed benefits is believed to be due to South Africa’s former mineworkers. The Department of Mineral Resources (DMR) is working to deliver a single compensation legislation by March and an integrated... 

Strike ends at Anglo's El Soldado copper mine in Chile

By: Reuters     Updated 5 hours ago Workers at Anglo American's small El Soldado copper mine in Chile called off a strike on Friday after reaching an agreement with the company, a union official told Reuters. The union has been on strike since July 8 after initial discussions failed with the company during its contract talks. 

Creamer Media publishes Africa Mining Projects in Progress 2016 - First Edition

     Updated 5 hours ago This edition of Creamer Media’s Africa Mining Projects in Progress 2016 (First Edition) reviews recently announced scoping, prefeasibility and definitive/bankable feasibility studies on projects across the continent, as well as the projects that are under way. 

Creamer Media publishes Africa Mining Projects in Progress 2016 - First Edition

Alacer’s Q2 performance in line with expectations

By: Natasha Odendaal     Updated 39 minutes ago Having produced 30 047 oz of gold and 24 038 oz attributable gold during the second quarter to June, ASX- and TSX-listed Alacer Gold plans to ramp up production during the second half of 2016. The second quarter of the year, which delivered in line with expectations, operated at a total cash cost... 

India to unveil natural gas infrastructure policy

By: Ajoy K Das     Updated 1 hour 32 minutes ago India’s Oil and Natural Gas Ministry will shortly unveil a national liquefied natural gas (LNG) infrastructure and logistic policy, laying down standards, benchmarks and conditions for domestic and foreign LNG project developers. Officials familiar with the framing of the new policy have said... 

Calibre, Centerra Siuna JV advances positive results

By: Natasha Odendaal     Updated 1 hour 41 minutes ago Recent exploration at the newly added Siuna mineral concessions belonging to TSX-V-listed Calibre Mining’s 253 km2 silver-gold project, in north-east Nicaragua, is returning positive results. The company said last week that exploration activities at the Siuna project, which added some additional... 

Challenger achieves planned output rates

By: Mariaan Webb     Updated 1 hour 53 minutes ago he Challenger gold mine, in South Australia, which was reopened in May, has achieved its targeted mining rate after a ramp-up period of about six weeks, new owners WPG Resources and Diversified Minerals reported on Monday. Challenger has a targeted mining rate of 360 000t/y, which is equivalent... 

Crater Gold upbeat about Queensland graphite project

By: Mariaan Webb     Updated 2 hours 9 minutes ago An independent technical review of ASX-listed Crater Gold’s Golden Gate graphite project, in North Queensland, has presented a strong business case to support the development of the project. The independent review by N H Cole and Associates (NC) of the Golden Gate project concluded that the... 

Drone technology investment a ‘shot in the arm’ for resources sector

By: Mariaan Webb     Updated 2 hours 45 minutes ago The Queensland government's A$1-million investment in drone technology has been hailed as a “shot in the arm” for the resources sector at large. Queensland Resources Council CEO Michael Roche on Monday described the funding announcement as a “welcome boost” to the adoption of remotely piloted... 

Husky hits snag in efforts to contain Saskatchewan oil spill

By: Bloomberg     Updated 2 hours 56 minutes ago Husky Energy Inc. is running into difficulty containing and cleaning up a 1 570-bl oil pipeline spill that entered the North Saskatchewan River in Canada this week, after rising water levels compromised its initial plan to capture the release. The company responded Thursday morning when a sheen... 

TNG seeks reapproval for NT base metals spin-off plan

By: Mariaan Webb     Updated 3 hours ago Strategic metals company TNG plans to have a second go at the demerger of a portfolio of noncore zinc and copper assets in the Northern Territory. The ASX-listed company originally announced the demerger in April last year and gained shareholder approval for the spin-off the following month, but... 

Lithium Australia expands in WA with acquisition

By: Anine Kilian     Updated 3 hours ago ASX-listed Lithium Australia has expanded its lithium holdings throughout Western Australia with the acquisition of additional acreage in the prospective Gascoyne region. The company reported on Monday that it had acquired three new prospects by taking over of private company, Lithophile. 

Wesfarmers lifts Curragh quarterly output, FY16 falls short

By: Anine Kilian     Updated 3 hours ago ASX-listed Wesfarmers has significantly increased its fourth-quarter production at the Curragh mine, in Queensland, relative to the third quarter, but its full-year metallurgical coal production is down on last year’s, while steaming coal output increased only marginally. For the quarter ended... 

Regulatory uncertainty worries Queensland CEOs – survey

By: Megan van Wyngaardt     Updated 3 hours ago Legislation stemming from the Queensland Parliament is a greater concern to resource company CEOs than global macroeconomic conditions, the Queensland Resources Council’s (QRC’s) quarterly ‘State of the Sector’ survey has found. The survey reveals, that for the second quarter in a row, concerns... 

Newcrest meets FY16 production guidance, cuts debt to $2.1bn

By: Mariaan Webb     Updated 7 hours ago Australia’s largest gold producer Newcrest has met its production target for a third year, producing 2.4-million ounces of gold in the 12 months to June 30. The group increased its production by 0.7% year-on-year in 2016, but its fourth quarter production slid by 6% quarter-on-quarter to 598 037... 

Newcrest meets FY16 production guidance, cuts debt to $2.1bn
A strong performance at the Lihir mine, in Papua New Guinea, has helped to offset production disruptions elsewhere in the group.

Kibo reaches net smelter royalty agreement with Acacia

By: Megan van Wyngaardt     22nd July 2016 Dual-listed Kibo Mining has reached an agreement with Acacia Mining to convert Acacia's residual equity interests in the Imweru and Lubando projects, in Tanzania, to a 2% net smelter royalty. The agreement was signed between Reef Miners, Kibo's wholly-owned Tanzanian subsidiary, which holds the... 

CRG concludes JV tolling agreement with gold-bearing ore supplier

By: Megan van Wyngaardt     22nd July 2016 Dual-listed gold miner Central Rand Gold (CRG) has completed and executed the definitive documents that will govern its joint venture (JV) tolling agreement with an unnamed third-party supplier of gold-bearing ore. CRG announced in June that it had entered into an agreement with the supplier,... 

Drilling programme under way at Independence’s Boulevard project

By: Anine Kilian     22nd July 2016 TSX-V-listed Independence Gold has started a reverse circulation (RC) drilling programme at its 100%-owned Boulevard project, 135 km south of Dawson City, Canada, and will also be undertaking a rotary air blast (RAB) drilling programme at its recently optioned Rosebute property, 58 km south of... 

Gold Fields appoints two more directors

By: Megan van Wyngaardt     22nd July 2016 Gold Fields has appointed Alhassan Andani and Peter Bacchus as independent nonexecutive directors, effective August 1 and September 1, respectively. Gold Fields earlier this month announced that former KPMG Africa chairperson Yunus Suleman would join the board in September, while outgoing Impala... 

Vedanta sweetens deal for Cairn merger to sway shareholders

By: Bloomberg     22nd July 2016 Vedanta sweetened the deal for Cairn India Ltd. shareholders by increasing the number of preference shares four times to salvage a deal which would help create a natural-resources group to compete with BHP Billiton and Vale. Vedanta will offer minority shareholders of Cairn India one equity share... 

Bauba to recover R15m debt through resale

By: Natasha Odendaal     22nd July 2016 JSE-listed Bauba Platinum on Friday said an agreement had been reached that will see the company recoup R15-million of debt previously thought to be unrecoverable through the resale of recovered product. The debt owed by an undisclosed party had followed the delivery of 20 000 t of chrome ore... 

Weatherly Q4 output drops on higher-than-expected groundwater inflows

By: Natasha Odendaal     22nd July 2016 Increased groundwater inflow rates have hampered production at the Tschudi openpit copper mine, in Namibia, in the quarter ended June 30. Aim-listed Weatherly International on Friday said the groundwater inflow rates had surpassed the levels forecast in the operation’s bankable feasibility study,... 

Arctic Star acquires Athabasca-based diamond project

By: Anine Kilian     22nd July 2016 TSX-V-listed diamond exploration company Arctic Star has wholly acquired the Diamond Dune project in the Saskatchewan province’s Athabasca Basin, the company announced on Friday. The new exploration project consists of two separate claim blocks totalling 40 832 ha located south-west and... 

Regis to step up gold production in FY17

By: Megan van Wyngaardt     22nd July 2016 Australian gold producer and explorer Regis Resources has increased its production guidance for the 2017 financial year to between 305 000 oz and 330 000 oz, after a strong operational performance in 2016. The company produced 78 741 oz in the three months ended June, from its Duketon gold mine,... 

Suspected Zama Zamas shot and arrested in Benoni

By: African News Agency      22nd July 2016 One man died and six others were wounded during a shootout between illegal miners and members of the police’s National Intervention Unit (NIU) in Benoni, east of Johannesburg, police said on Friday. Police spokesman Vishnu Naidoo said the unit, acting on information on the possible proliferation... 

Mount Gibson cash pile swells to A$400m

By: Megan van Wyngaardt     22nd July 2016 Iron-ore miner Mount Gibson’s cash balance of A$400-million at the end of June has placed the company in a strong position to progress its Extension Hill project and to mull over redevelopment alternatives at Koolan Island, while continuing its pursuit of other resources investments. The cash... 

RNC closes flow-through financing to fund exploration programme

By: Anine Kilian     22nd July 2016 Dual-listed Royal Nickel Corporation (RNC) has completed its non-brokered private placement financing, having issued a total of 3 274 000 flow-through shares of the company at a price of $0.51 per flow-through share, for gross proceeds of $1.7-million. The proceeds from the offering will be used... 

Santos half-year production hits record

By: Mariaan Webb     22nd July 2016 Oil and gas company Santos produced a record 31.1-million barrels of oil equivalent in the first half of 2016 and significantly boosted its sales volumes, but a 29% decrease in the average realised oil price has dented its revenue. Santos increased its production by 10% year-on-year in the first... 

Santos half-year production hits record

Kootenay to proceed with 3 000 m drilling programme at La Cigarra

By: Samantha Herbst     22nd July 2016 With drill permits now in place, preparations for the 3 000 m drilling programme at Canadian explorer Kootenay’s 100%-owned La Cigarra silver project, in Chihuahua State, Mexico, are well under way, with expectations that drilling will commence on or by August 1. The TSX-V-listed company noted on... 

Enirgi Group and Lithium S to explore, develop in Argentina

By: Anine Kilian     22nd July 2016 Specialty chemicals company Enirgi Group Corporation and lithium exploration company Lithium S Corporation have entered into a Memorandum of Understanding (MoU) that details a strategic collaboration to explore and develop lithium projects in northern Argentina. Following a successful capital... 

Latest News  by  


Company Post


Latest Videos and Audio

World heading for shortage of physical gold – DRDGold

On-The-Air (22/07/2016)

De Beers partners with govt to empower youth in diamond sector

Local company outlines aspirations, challenges bigger players

Soaring DRDGold adds R14bn a year to economy as it turns waste to gold

Tax Bill throws up royalty surprises

Eskom moves to raise exports as it closes in on 80% plant-availability goal

Tax Bill throws up royalty surprises as Davis Tax Committee mulls broader mining reforms


Services News

Consulting Engineers

Contract Mining

Crushing and Screening

Drilling and Tunnelling


Energy Services


Furnaces and Kilns

Materials Handling




Company Announcements


Research Reports


Press Office


RSS Feed


Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Subscribe Now for $119 Close