Great Panther appoints former Aura Minerals boss Bannantine as CEO

TSX- and NYSE-listed silver miner and explorer Great Panther Silver has appointed Jim Bannantine president and CEO, following the resignation of Robert Archer, who announced his intention to step... 

From loss to profit, Golden Star sees fifth consecutive quarter of production growth

The second quarter of 2017 marked Ghana-focused Golden Star Resources’ fifth consecutive quarter of production growth, according to a trading update published Tuesday. The New York-, Toronto- and... 

Record production at Fosterville prompts Kirkland Lake to up 2017 guidance

Based on strong operating and financial results for the first half of 2017, dual-listed gold producer Kirkland Lake has revised its production guidance for the year to between 570 000 oz and 590... 

Centerra sees eight-fold quarterly increase, ups 2017 guidance

TSX-listed Centerra Gold has upped its second-quarter net earnings by a whopping 706% year-on-year, according to a release published Monday. The Canadian gold major reported net earnings of... 

Cash-strapped ASA Resource Group suspends trading on Aim

Cash-strapped diversified miner ASA Resource Group has suspended the trading of its ordinary shares on the Alternative Investment Market, with effect from 11:00 on Friday morning. The... 

Goldplat’s profit to exceed market expectations

Having closed off a successful fourth quarter ended June 30, Aim-listed Goldplat expects its consolidated profit before tax to exceed market expectations for the financial year, the results of... 

Moratorium aside, Zwane approves Lonmin’s bid to acquire Anglo’s Pandora stake

Mineral Resources Minister Mosebenzi Zwane has given platinum major Lonmin the go-ahead to acquire Anglo American Platinum’s 42.5% stake in the Pandora platinum joint venture (JV) operation, which... 

Industry retaliates, dismisses Zwane's proposed moratorium as 'unlawful'

An outraged Chamber of Mines (CoM) has dismissed Mineral Resources Minister Mosebenzi Zwane’s proposed moratorium on new mining right applications as “unlawful”, owing to the damage that the... 

Ivanhoe appoints two more financiers to find funds for Platreef

Africa-focused platinum-group metals (PGM) miner Ivanhoe Mines has appointed mine-financing institutions KfW IPEX-Bank and the Swedish Export Credit Corporation (SEK) to arrange project financing... 

Lithium Americas inks investment agreement with Thai energy company

Niche minerals company Lithium Americas has closed an investment agreement with BCP Innovation, a wholly owned subsidiary of Thai energy company Bangchak Corporation Public Company, in which the... 

Production at Oyu Tolgoi remains steady at +3.5% q/q

Second-quarter production at Turquoise Hill Resources’ Oyu Tolgoi gold/copper mine, in Mongolia, proceeded as planned and remained steady quarter-on-quarter, the Vancouver-based miner revealed on... 

Coal stakeholders agree to proceed with centralised bargaining

Local coal producers and labour unions have agreed that the 2017 coal sector wage negotiations will take place centrally under the auspices of the Chamber of Mines (CoM). Gathering at the CoM on... 

Laramide, Uranium Resources ink LoI to amend terms of payment

Dual-listed uranium developer Laramide Resources has signed a letter of intent (LoI) with Texas-based miner Uranium Resources to amend the definitive share purchase agreement, signed on April 6,... 

Columbus announces maiden resource estimate of 721 000 oz at Eastside project

TSX-listed Columbus Gold announced on Monday that the maiden resource for the company’s 100%-owned Eastside gold-silver project, in Nevada, in the US, is estimated to be a total of 721 000 oz of... 

SNC-Lavalin awarded EPC contract from Codelco for sulphuric acid plant construction

Chile-based Corporación Nacional del Cobre de Chile (Codelco), one of the world’s largest copper producers, has appointed TSX-listed engineering and construction group SNC-Lavalin to construct two... 

Tharisa concludes project completion tests, reduces debt levels

Dual-listed platinum-group metals (PGMs) miner Tharisa Minerals has successfully concluded project completion tests in respect of a R1-billion senior debt finance facility, which will significantly... 

Argentina adopts Canada’s sustainable mining initiative

Argentina’s national mining association, Cámara Argentina de Empresarios Mineros (CAEM), has announced that it will adopt Canada’s Towards Sustainable Mining (TSM) initiative, a corporate social... 

Oyu Tolgoi sets all-time high for quarterly mined material in Q3

Rio Tinto subsidiary Turquoise Hill Resources’ Oyu Tolgoi mine, in Mongolia, set an all-time high of 25-million tonnes of quarterly mined material in the third quarter of 2016, including stripping... 

Stornoway officially opens Québec-based Renard diamond mine

TSX-listed Stornoway Diamond Corporation’s Québec-based Renard diamond mine, the only diamond mine in the province, was officially opened on Wednesday at a ceremony presided over by Québec Energy... 

BHP JV partner reports positive drill results from Canada copper project

BHP Billiton joint venture (JV) partner Aston Bay Holdings has reported evidence of high-grade copper at the Storm copper project, in Nunavut, Northern Canada, following preliminary drill results... 

Advancements at Nemaska’s Whabouchi mine on time and budget

The Phase 1 plant and site preparation of TSX-listed project developer Nemaska Lithium’s Whabouchi mine, in Quebec, Canada, is advancing on time and within budget. Nemaska, which has signed a... 

Copper Mountain’s yearly guidance slightly ahead for 2016

Annual production is on track at TSX-listed copper and gold producer Copper Mountain Mining’s eponymous mine, in southern British Columbia, which produced 22-million pounds of copper, 8 170 oz of... 

NWU to take on international competition at 2016 Solar Challenge

Various improvements, including the exclusive use of include German-made Gochermann solar panels, have been made to the North-West University (NWU) solar car team’s Sirius X25 enabling the... 

Karnalyte completes Phase 2 optimisation at Wynward

Potash project developer Karnalyte Resources has successfully commissioned the second phase of its Brine Production Phase optimisation programme at the company's Wynyard potash mine, in... 

Santacruz subsidiary gets exclusive rights to develop Mexico-based silver mine

Mexico-focused silver miner Santacruz Silver Mining Impulsora Minera Santacruz, a wholly owned subsidiary of Mexico-focused silver miner Santacruz Silver Mining, has entered into an agreement that... 

Phase 2 drilling under way at American Lithium’s Nevada projects

Phase 2 sonic drilling on three discrete lithium brine targets is now under way at TSX-V-listed American Lithium’s Fish Lake Valley South Playa and Clayton Valley 1 projects, located in Esmeralda... 

2016 engineering awards offer glimpse into South African profession’s excellence

Creamer Media’s Engineering News was among the organisations and individuals recognised at 2016 Engineering Excellence Awards, hosted by Consulting Engineers South Africa (Cesa) and Aon South... 

How the R1.5bn cartel settlement came to be

The Competition Commission has approved steel producer ArcelorMittal South Africa’s (AMSA’s) proposal to pay R1.5-billion to the commission for its involvement in long steel and scrap metal... 

Victoria premier moves to ban unconventional gas development in the state

Spearheaded by Victoria state premier David Andrews, the Labour government on Tuesday put forward a permanent ban on the exploration and development of all onshore unconventional gas in the state,... 

Panoramic suffers severe loss amid plummeting nickel price

Nickel-focused Panoramic Resources’ 2016 financial year results have been severely impacted by the falling nickel price, which reached a decade low in February, pushing the company into an... 

Carbine increases Jorc resources at Mount Morgan by 215%

A 215% increase in the Joint Ore Reserves Committee resources at the Queensland-based Mount Morgan gold-copper tailings project to 850 000 oz highlights the potential to increase the project’s mine... 

Atlas trucking contractor McAleese appointed a voluntary administrator

ASX-listed iron-ore miner Atlas Iron said on Monday that its main trucking contractor, McAleese Group, had been appointed a voluntary administrator. Atlas advised that trucking of ore from its... 

Rio Tinto issued with $50 000 fine for illegal dismissal

Diversified mining major Rio Tinto faces a $50 000 penalty, issued by an Australian Federal Court judge, for victimising and illegally dismissing a Hail Creek coal miner, who injured his neck while... 

South32’s local coal expansion projects progressing to feasibility stage

While diversified mining major South32’s South Africa-based thermal coal expansion projects are yet to be approved, CEO Graham Kerr remains optimistic about developments at its South Africa Energy... 

South32 to pay inaugural dividend despite significant revenue drop

Despite a 25% drop in revenue for the 2016 financial year, diversified mining major South32 announced on Thursday that it would pay an inaugural shareholder dividend of $0.01 a share, reflecting... 

Gold price could appreciate once growth in Asia recovers – investment firm

Asia’s seemingly imminent economic recovery could spark an increase in gold prices, according to investment management firm Allan Gray portfolio manager Sandy McGregor, who connects the gold price... 

Insurance settlement boosts Mount Gibson FY net profit

Despite significantly lower iron-ore prices and challenging market conditions in the 2015/16 financial year, Western Australian iron-ore miner Mount Gibson has returned to profitability. CEO Jim... 

Axiom retracts PFS announcement

The Australian Stock Exchange (ASX) has requested metals developer Axiom Mining to retract its prefeasibility study (PFS) announcement, published last week, as it does not own the Kolosori... 

Vital raises A$1m to step up activities in West Africa, Australia

ASX-listed junior Vital Metals has raised about A$1-million to advance ongoing gold exploration activities in West Africa, where it recently commenced drilling at its 100%-owned Kollo gold project,... 

Customers to 'pay premium' for Isabel nickel, according to Axiom PFS

The prefeasibility study (PFS) of ASX-listed metals developer Axiom Mining’s Isabel nickel project, in the Solomon Islands has indicated that the deposit will be able to produce a consistent...