R/€ = 14.08 Change: 0.01
R/$ = 13.12 Change: 0.03
Au 1284.55 $/oz Change: -2.09
Pt 972.50 $/oz Change: -3.50

Ilan Solomons

Ilan Solomons

Ilan Solomons is a Creamer Media Contributing Editor for Engineering News and Mining Weekly.

Tel: +2711 622 3744


Peru uranium/lithium mine to come on stream in 2020 – developer

21st April 2017 Project developer Plateau Uranium aimed to have its Macusani Plateau uranium and lithium project, in Peru, in production by 2020 to be prepared to take advantage of analysts’ forecasts of a uranium supply deficit by then, said president and COO Dr Laurence Stefan at a seminar hosted by the... 

Report highlights jobs and revenue impact of automation in mining

21st April 2017 Local communities and governments will lose jobs and tax revenues as mines become increasingly automated through the adoption of emerging technologies, such as self-driving trucks. This is according to the recently released ‘Mining a Mirage?: Reassessing the shared-value paradigm in light of the... 

ETFs act as market indicator for precious metals, ensuring improved transparency

21st April 2017 Precious metal exchange-traded funds (ETFs) have evolved a long way from being the new kids on the metals investment scene. ETFs now act as a market barometer for underlying investor demand and a potential window into future metal demand and prices, says banking group Standard Bank Corporate and... 

Strong lithium prices predicted until at least 2021

14th April 2017 Lithium prices are likely to remain elevated at around $9 500/t till at least 2021, which is a significant increase on its historic pricings of $6 500/t. This is attributable to rising demand and impending supply deficits from 2019, says lithium and rare earth elements assets developer Cadence... 

After three years of decline, gold price rises as investors return to sector

14th April 2017 Gold prices increased on an annual average basis in 2016, after declining for three consecutive years, with the price increase primarily driven by investors returning to gold. This is according to New York-based research and consulting firm CPM Group’s ‘Gold Yearbook 2017’ report. The 260-page... 

Mines seeking to ensure safe, productive operations

14th April 2017 Amid the scramble to acquire capital for reinvestment in the mining industry, a group of executives participated in a roundtable discussion at the recent 2017 Investing in African Mining Indaba, in Cape Town, to deliberate ways of escaping the ‘boom-and-bust’ cycle endemic to the mining industry.... 

Mobile power plants mooted as solution to African mines’ electricity woes

14th April 2017 One of the main topics of discussion at the recent 2017 Mining Indaba revolved around power supply to mines on the continent. With official power distribution grids only covering around 40% of Africa, a substantial number of mining operations are responsible for their own power generation, says... 

Despite its 2% share of WOD’s revenue, Russian group says Africa’s significance cannot be underestimated

7th April 2017 Slightly less than 2% of Russian diamond mining and marketing group World of Diamonds’ (WOD’s) revenue is derived from Africa, and these relationships are maintained through partners’ offices in Mali and the Democratic Republic of Congo (DRC). WOD COO Ivan Gorchakov tells Mining Weekly that the... 

DMR to be more flexible with small-scale mining applicants

7th April 2017 The Department of Mineral Resources (DMR) will “amend and relax” some of its conditions in issuing mining permits to small-scale miners, said Mineral Resources Deputy Minister Godfrey Oliphant last month. The Deputy Minister was speaking following the conclusion of a one-day workshop on illegal... 

Cautious optimism prevails in mining as prices rise, shallow growth returns

7th April 2017 For the first time in a number of years, there is a mood of cautious optimism in the mining industry, with commodity prices on the rise, shallow growth returning to different end markets and most mining companies in better cost positions than in the recent past, says advisory firm Deloitte.... 

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