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Africa
 
DIVERSIFIED MINER

Freeport-McMoRan reports improved Q2 revenues

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Grasberg, Indonesia US diversified miner Freeport-McMoRan on Wednesday reported improved revenues for the three months ended June 30, as the company’s diversification into oil and gas exploration and production was paying off. The Phoenix, Arizona-based global...
23rd July 2014
 
 
GEMSTONES

Richland committed to return Aus sapphire mine to production by Q1 2015

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Africa-focused gemstone producer Richland Resources was fully committed to bringing the Nardoo Sapphire project, in Queensland, Australia, back into production during the first quarter of next year, Richland CEO Bernard Olivier said on Wednesday....
23rd July 2014
 
 
BENEFICIATION

DTI to develop plan to advance SA’s beneficiation ambitions

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After indicating for several years its intention to develop a local minerals beneficiation industry, government has announced that it will, this year, develop a Minerals Beneficiation Action Plan as a component of the Industrial Policy Action...
23rd July 2014
 
 
IRON-ORE

Kumba’s cash return to black shareholding now at astounding R23bn Video Available

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The cash return of Anglo American’s Kumba Iron Ore to its black shareholding since Kumba’s listing on the Johannesburg Stock Exchange in 2006 has risen to R23.5-billion, Kumba CFO Frikkie Kotzee revealed this week. Kumba subsidiary Sishen...
23rd July 2014
 
 
DIVERSIFIED MINERS

WA iron-ore and Qld coal shine in BHP’s 2014 financial year

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Diversified miner BHP Billiton has exceeded its production guidance at its Western Australia iron-ore and Queensland coal divisions during the 2014 financial year. “Our focus on productivity has resulted in a significant improvement in...
23rd July 2014
 
 
COAL

Timing 'tough' for $4.5bn Thai-Mozambique coal rail-port project

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A Thai-Mozambican consortium has set a 2018 target to commission a $4.5-billion coal export railway and port terminal project in central Mozambique, but the depressed global coal prices outlook made the timing "tough", the company's president...
23rd July 2014
 
 
NEW AIM LISTING

In taking up its Aim listing Friday, Bacanora is ready to take on majors

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Mexico-focused project-developing junior Bacanora Minerals will on Friday take up its new listing on London’s Aim, creating a more direct line to the bulk of the company’s investors. Speaking to Mining Weekly Online on Tuesday, the...
22nd July 2014
 
 
BASE METALS

Glencore expects closing La Bambas sale early August

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Global diversified miner Glencore on Tuesday reported that all conditions to complete the $5.85-billion cash sale of its Las Bambas copper project, in Peru, to a consortium of investors had been met, adding that it now expected to close the deal...
22nd July 2014
 
 
PALLADIUM

PTM appoints DRA Mineral Projects as ‘qualified person’ for Waterberg PFS

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TSX- and NYSE-listed Platinum Group Metals (PTM) on Tuesday awarded the ‘independent qualified person’ role for the ongoing Waterberg prefeasibility study to South Africa-based global engineering firm DRA Mineral Projects. “We are very...
22nd July 2014
 
 
CONSTRUCTION

Murray & Roberts awarded mammoth R2.6bn Venetia mine contract

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Venetia mine In what could be the single-largest contract awarded to construction major Murray & Roberts (M&R) since the Eskom power build programme, M&R subsidiary M&R Cementation has secured a R2.6-billion contract to develop an underground mine beneath...
22nd July 2014
 
 
IRON-ORE

Kumba providing helping hand to up-and-coming BEE iron-ore juniors Video Available

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South Africa’s biggest iron-ore mining company, Anglo American’s JSE-listed Kumba Iron Ore, is lending a helping hand to up-and-coming black economically empowered (BEE) iron-ore juniors in the Northern Cape and Limpopo provinces. Kumba CEO...
22nd July 2014
 
 
DIAMONDS

De Beers announces changes to diamond sales model

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JOHANNESBURG (miningweekly.com) – Multinational diamond giant De Beers Group has announced an updated model for the allocation of rough diamonds by its primary rough-diamond distribution arm, Global Sightholder Sales (GSS), in respect of the...
22nd July 2014
 
 
 
 
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Kumba’s cash return to black shareholding now... Video
Kumba providing helping hand to up-and-coming... Video
Amplats capitalising mechanised mines, may... Video
Aviation hitech flying into South African... Video
Mining needs quantum change – SAIMM Video
State mulling Eskom’s ‘comprehensive... Video
60 000 ex-mineworkers come forward to claim... Video
Top-level intervention needed to salvage Anglo,... Video
NDP requires accelerated mining effort –... Video
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Underground coal gasification has key... Audio
Anooraq focusing on doubling output... Audio
Tanzania's Jengo wants mine listings... Audio
Wits Gold plans to move De Bron into... Audio
London Mining expects iron-ore prices... Audio
Kebble R1bn unlocked as... Audio
Geovic confident on Cameroon cobalt... Audio
GFMS predicts new gold highs in 2010,... Audio
IFC wants to get in early on... Audio