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Global Mining News in real time

Esmarie Swanepoel

 

Assistant Editor - Online for Mining Weekly

Received BTech degree in Journalism from the Tshwane University of Technology

Olympic Dam growth only likely when ‘bottlenecked’ mine runs at full capacity

Diversified miner BHP Billiton on Friday said that the company would look at cost-cutting efficiencies at its Olympic Dam copper and uranium operation, in South Australia, before considering an expansion. “Once we are able to run our existing operation at full capacity, we then – and only then –... 

New legislation to force Australian firms to publish what they pay

The Australia-Africa Mining Industry Group (AAMIG) on Friday defended Australian miners operating outside of the country’s borders, following the introduction of the Australian Greens party’s Corporations Amendment Bill 2014. “Australian companies operating in Africa are regarded as being... 

Biswas outlines plan to fix Newcrest’s Lihir gold mine

The CEO and MD of gold miner Newcrest Mining, Sandeep Biswas, on Friday outlined plans to bring the errant Lihir operation, in Papua New Guinea, under control. “I’ve spent a lot of time understanding the challenges of Lihir and have come to the conclusion that the first phase of improvement must... 

South American miner Troy reports lower output

Despite reporting a slight decline in production during the three months to September, ASX- and TSX-listed gold miner Troy Resources has maintained its production expectations for the financial year to the end of June 2015. During the quarter under review, group gold production dropped to 20 624... 

Fatality does little to dampen Vantage growth

Despite a fatality at the Barbrook mine, in South Africa, which resulted in a week’s loss of production, gold miner Vantage Goldfields on Friday reported higher September quarter production. Gold production during the quarter reached 8 466, which was well above the 6 913 oz achieved in the June... 

Teranga revises full-year output

Senegal-focused gold miner Teranga Gold has downgraded its full-year production expectations by 8 000 oz, after deferring the mining of high-grad ounces and after failing to meet production expectations in the three months to September. The ASX- and TSX-listed miner on Friday reported that gold... 

Didipio set to exceed expectations - OceanaGold

Dual-listed gold miner OceanaGold on Friday reported that its Didipio project, in the Philippines, was on track to beat full-year expectations, after a stellar third quarter. During the three months to September, the company produced 67 352 oz of gold and 7 978 t of copper, compared with the 60... 

Valence short-lists debt funders

Graphite miner and manufacturer Valence Industries has short-listed term sheets from a number of debt providers for a A$35-million finance facility to fund the Phase 2 expansion of its operations in South Australia. The short-listing of debt financiers followed a A$15-million capital raise and... 

APLNG still on track for mid-2015 production

The $24.7-billion Australia Pacific liquefied natural gas (APLNG) was on track to produce its first LNG by mid-2015, project developer Origin Energy’s LNG CEO, David Baldwin, said on Thursday. Full production from both trains were expected by the end of 2016. 

Compliance costing Australian firms A$250bn/y

Australian companies were spending about A$250-billion each year on efforts to comply with rules and regulations, advisory firm Deloitte reported on Thursday. In its fourth edition of the Building the Lucky Country series, Deloitte noted that about A$95-billion was spent on administering and... 

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