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New signs of hope for junior miners, says Minerals Council’s Chabana 
By: Simone Liedtke 22nd March 2019 Despite the sector having been relatively unorganised and with junior mining companies rarely given an opportunity to influence national mining policy, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana believes there are “new signs of hope and... →
Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana
Jubilee set to acquire Sable Zinc refinery
By: Nadine James 22nd March 2019 Dual-listed Jubilee Metals on Friday announced that it has executed a share purchase agreement for the acquisition of the Sable Zinc refinery in Kabwe, Zambia. The refinery is situated immediately adjacent to the large stockpiles of zinc, lead and vanadium that Jubilee has contracted from BMR Group. →
Palladium rally is seen fading this year
By: Bloomberg 22nd March 2019 Palladium has been one of the hottest commodities for a while now, but analysts think this year may be the time to book profits. Prices have rallied to fresh records on tighter supplies of the material mainly used in gasoline vehicle autocatalysts. But analysts surveyed by Bloomberg see the metal... →
Success of tailings retreatment stands out in lacklustre gold sector
By: Nadine James 22nd March 2019 In a sector bedevilled by protracted industrial action, and a lack of new discoveries and investment, as well as ever deeper and ever declining orebodies, gold tailings retreatment operations have demonstrated better resilience and attracted more investor interest than traditional operations, 71%... →
Localisation seen as key to stimulating struggling capital equipment sector
By: Natasha Odendaal 22nd March 2019 The growth of the capital equipment sector, and the manufacturing sector in general, is being stifled by South Africa’s heavy reliance on imports, and its inability to deliver on its localisation promises. The manufacturing sector has the potential to significantly accelerate South Africa’s... →
Exxaro terminates Group 5 contracts
By: Tasneem Bulbulia 22nd March 2019 Exxaro has decided to terminate its agreement with Group Five Construction subsidiary, Group 5 Projects, with effect from March 21, following Group Five’s announcement that it has embarked on business rescue proceedings. Exxaro in April 2017 appointed Group 5 Projects to build a new small coal... →
Sheppard appointed Konkola CEO – Business Day
By: Tasneem Bulbulia 22nd March 2019 Business Day on Friday reported that Chris Sheppard had been appointed CEO of Vedanta Resources’ Konkola Copper Mines (KCM) subsidiary, in Zambia. Sheppard was the former head of AngloGold Ashanti’s South African business. →
Chris Sheppard
Kibo progresses Benga power plant development
By: Tasneem Bulbulia 22nd March 2019 Kibo Energy has noted progress with the development of its Benga power plant project, in Mozambique. A definitive feasibility study (DFS) has been completed ahead of schedule and the final review is in progress. →
Lucapa nearly doubles Lulo resource
By: Esmarie Iannucci 21st March 2019 Diamond miner Lucapa Diamond Company has reported a 90% increase in its diamond resource carats at its Lulo operation, in Angola, on the back of an independent valuation. The company on Thursday told shareholders that external consultants Z Star Mineral Resource Consultants has estimated that... →
Mkango files technical report for Songwe Hill
By: Tasneem Bulbulia 22nd March 2019 Malawi-focused Mkango Resources has filed a National Instrument 43-101-compliant technical report for the Songwe Hill rare earths project resource update announced on February 4. With the filing of the technical report, Mkango has fulfilled the condition for Talaxis to advance the next £7-million... →
Impairments, fair value losses to push Gemfields to a loss for 2018
By: Tasneem Bulbulia 22nd March 2019 Gemfields expects to report a net loss of $60.4-million for the year ended December 31, 2018, compared with the net profit of $45.1-million reported for 2017. In rand terms, the net loss is expected to be R801-million, compared with a R600-million net profit the year before. →
Vital suspends Burkina Faso activities on security concerns
By: Esmarie Iannucci 22nd March 2019 Junior Vital Metals has suspended exploration activities in Burkina Faso, citing security concerns. The ASX-listed company, which owns the Nahouri gold project in that country, on Friday noted the ongoing security concerns for Burkina Faso, where a state of emergency has been declared for... →
South32’s Mozal pledges $250 000 to aid Cyclone Idai recovery efforts
By: Tasneem Bulbulia 22nd March 2019 South32’s Mozal Aluminium smelter, which is located in the Mozambique capital Maputo, has pledged a $250 000 donation to support recovery efforts following the devastating impact of Cyclone Idai in the country. Commenting in a statement on Friday, Mozal VP Samuel Samo Gudo said the company had... →
Toliara proves positive for Base
By: Esmarie Iannucci 21st March 2019 A prefeasibility study (PFS) into the Toliara mineral sands project, in Madagascar, has estimated that the project could produce some 37.1-million tonnes of heavy mineral concentrate over a life-of-mine of 33 years. ASX-listed Base Resources told shareholders that the PFS envisaged a two-stage... →
Guinea risks 'conflict and confusion' with mining eviction policy
By: Reuters 22nd March 2019 Civil society groups rejected Guinea's first policy seeking to protect people displaced by mines and dams on Thursday, saying it would worsen poverty and conflict in the mineral-rich nation. Seven human rights and development organisations asked the government not to adopt the proposed national... →
Mining Weekly iPhone and Android Apps available for free download 
22nd March 2019 Creamer Media’s readers continue to be part of the mobile revolution. Over 20% of Creamer Media’s online readers view the websites on their mobile devices. To cater for this growing mobile readership Creamer Media offers a MiningWeekly.com app for iPhone and Android users. These apps offer... →
Vale dam fallout deepens with mine closure and blocked funds
By: Bloomberg 19th March 2019 Vale’s shares declined on Monday as the world’s biggest iron-ore producer faces continued backlash from Brazilian authorities after a deadly mining accident in January. Rio de Janeiro-based Vale was ordered on March 15 to shut its Timbopeba mine in Minas Gerais state, which produces 12.8-million... →
India’s crude oil imports from Iran, Venezuela come under US pressure
By: Ajoy K Das 22nd March 2019 India is negotiating with the US for exemptions from “extended sanctions” to maintain its current level of crude oil imports from Iran, but the country is also under pressure from the US administration to halt all crude purchase from Venezuela. According to officials here familiar with ongoing... →
Italy’s SME Ekoplant floats Indian subsidiary
By: Ajoy K Das 22nd March 2019 To tap into the rapidly growing Indian ferrous and non-ferrous metals processing industry and stricter air quality monitoring norms, Milan-headquartered SME Ekoplant has set up shop in the country, floating a 100% wholly-owned subsidiary Eko Air Filtration India Private Limited (EAFIPL). “For... →
Now BHP will earn into Luminex projects in Ecuador
By: Creamer Media Reporter 22nd March 2019 Canadian junior Luminex Resources has brought in another major miner to earn into its projects in Ecuador, announcing a letter of intent to enter into a farm-in and joint venture (JV) agreement with BHP over the Tarqui 1 and 2 mining concessions. BHP will have the right to earn up to a 70%... →
Glencore suspends Australian zinc mine as cyclone nears
By: Reuters 22nd March 2019 Commodity giant Glencore on Friday said it had suspended operations at its McArthur River zinc mine in northern Australia as a cyclone approaches. Authorities have declared a state of emergency in the region as Tropical Cyclone Trevor nears, with the nation's weather bureau on Friday saying the... →
Hudbay wraps up Rosemont permitting process
By: Mariaan Webb 22nd March 2019 TSX- and NYSE-listed Hudbay Minerals has wrapped up the permitting process for the Rosemont mine in Arizona, having received the approved mine plan of operations (MPO) from the US Forest Service. The issuance of the MPO is the final administrative step in the permitting process. →
Galena gets A$10m injection
By: Esmarie Iannucci 22nd March 2019 ASX-listed junior Galena Mining will raise A$10-million through a subscription agreement with Kingfisher Capital. Kingfisher Capital would invest the funds over two tranches of A$5-million each, subscribing for shares priced at 40c each. On the completion of each tranche, Galena would also issue... →
Macarthur finds buyer for Lake Giles iron-ore
By: Esmarie Iannucci 22nd March 2019 Canada’s Macarthur Minerals has inked a binding $4-billion life-of-mine offtake agreement with diversified major Glencore over the iron-ore at its Lake Giles project, in Western Australia. the terms of the agreement, Glencore would acquire an average of four-million tonnes a year of Lake Giles... →
Doray shareholders agree to Silver Lake takeover
By: Esmarie Iannucci 22nd March 2019 The shareholders of gold miner Doray Minerals on Friday approved a merger with fellow-listed Silver Lake Resources. Under the proposed merger, Doray shareholders will receive 0.6772 Silver Lake shares for every Doray share held. Silver Lake shareholders will hold a 62.7% interest in the combined... →
St Barbara slumps on production downgrade, Gwalia trucking announcement
By: Esmarie Iannucci 22nd March 2019 The share price of ASX-listed St Barbara fell by nearly 30% on Friday after the company lowered its production forecast and announced plans to continue trucking at its Gwalia gold mine, in Western Australia. A feasibility study into the Gwalia mass extraction (GMX) project identified an... →
Strike halts operations at Sierra Metals' Peru mine
By: Creamer Media Reporter 22nd March 2019 TSX-listed miner Sierra Metals has suspended all mining and milling activity at its Yauricocha mine, in Peru, after unionised workers downed tools over contractor changes in a strike that is deemed illegal. The employees belong to the Union of the Mine and Metallurgical Workers of Minera Corona,... →
Paulson says will not support Newmont takeover bid for Goldcorp
By: Reuters 22nd March 2019 Paulson & Co Inc will not support Newmont Mining's planned $10-billion takeover of rival Goldcorp Inc as the premium offered is unjustified, the investor said in a letter on Thursday. The transaction is dilutive to Newmont shareholders and only Goldcorp shareholders would benefit from the deal's... →
Barrick may close Montana’s Golden Sunlight mine
By: Creamer Media Reporter 22nd March 2019 The Golden Sunlight mine that Barrick Gold has been operating in Montana since 1975 may be heading for closure. The NYSE- and TSX-listed miner has already ceased underground development and is limiting mining to existing areas only. A final new mill run to process gold ore is scheduled for May. →
Lithium miner says market fears waning as funding hunt resumes
By: Bloomberg 21st March 2019 After hitting heavy resistance last year in its search to raise capital, junior miner Bacanora Lithium Plc believes the time is right to resume its hunt. In July, the London-based company pulled a $100-million share sale designed to finance construction of Mexico’s first lithium mine. Now... →
Miner Vale quashed dam safety audit efforts before Brazil disaster -prosecutor
By: Reuters 21st March 2019 Executives at Vale SA , the world's largest iron ore miner, quashed efforts by Brazilian authorities to audit one of the company's mining dams months before it collapsed and killed over 300 people, a state prosecutor was quoted as saying by news website G1 on Wednesday. William Garcia, a... →
Vale halts operations at another mine in Minas after test
By: Reuters 21st March 2019 Brazilian mining company Vale SA said on Wednesday it halted operations at its Alegria iron ore mine in Minas Gerais state after a "stress test" in the structures failed to guarantee stability. Vale said the results of the test were "inconclusive," so it decided to suspend operations while it... →
Pure Alumina buys Canadian player
By: Esmarie Iannucci 21st March 2019 ASX-listed Pure Alumina has made a C$25.75-million offer for privately held Polar Sapphire, which would allow the Australian company to fast-track its plans to start the commercial production of a 99.99% high purity alumina (HPA) in 2019. Pure Alumina is offering C$13.75-million worth of company... →
Blackham to raise A$26m for expansion plans
By: Esmarie Iannucci 21st March 2019 Gold miner Blackham Resources will raise A$26-million through a fully underwritten renounceable entitlement offer to fund its production expansion to 100 000 oz/y. Eligible shareholders will be offered five new fully paid ordinary shares for every four shares held, at a price of 1.5c each, to... →
Centaurus has another look at Jambreiro
By: Esmarie Iannucci 21st March 2019 Brazil-focused Centaurus Metals will re-assess the development options at its Jambreiro iron-ore project, which is fully permitted and licensed for a three-million tonne a year production. Centaurus on Thursday said that it would update the Jambreiro feasibility study on the back of a number of... →
Crusader sells Brazilian gold assets
By: Esmarie Iannucci 21st March 2019 ASX-listed Crusader Resources has signed a binding term sheet with fellow-listed Meteoric Resources to divest of its Juruena and Novo Astro gold projects, in Brazil. Under the terms of the agreement, Meteoric would pay A$3-million in cash and milestone share payments. →
Goldfields a DAMA winner
By: Esmarie Iannucci 21st March 2019 Western Australia’s Goldfields region will be among the first in Australia to enter into the five-year Designated Area Migration Agreement (DAMA) with the Commonwealth government. The DAMA is aimed at ensuring skilled migrants contribute through employment in key roles where Australian workers... →
Blanket mine delivers robust 2018 performance despite challenges
By: Tasneem Bulbulia 20th March 2019 Caledonia Mining’s Blanket gold mine, in Zimbabwe, delivered a “robust” performance for the fourth quarter and the year ended December 31, 2018, despite the well-known challenges of operating in Zimbabwe, CEO Steve Curtis indicated in a statement on Wednesday. Curtis highlighted that the monetary... →
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