http://www.miningweekly.com
R/€ = 16.59 Change: 0.00
R/$ = 14.40 Change: 0.00
Au 1226.67 $/oz Change: -0.01
Pt 832.50 $/oz Change: 0.75
 

Africa News

Acacia lowers AISC, maintains positive net cash position in Q3

By: Marleny Arnoldi     19th October 2018 Lower realised gold prices and lower production resulted in gold miner Acacia Mining reporting an 11% year-on-year decrease in earnings before interest, taxes, depreciation and amortisation to $44.6-million for the third quarter, ended September 30. The company reported revenue for the period... 

Harmony, Amplats report fatalities

By: Marleny Arnoldi     19th October 2018 Precious metals miners Harmony Gold and Anglo American Platinum (Amplats) both reported fatalities on Friday. A Harmony employee died after falling from a height, while working in the shaft bottom at the Kusasalethu mine, near Carletonville.  

Clash over Trump tariffs heats up with barrage of WTO litigation

By: Reuters     19th October 2018 Disputes over US tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signalling an escalation in global trade tensions. The agenda for an Oct. 29 meeting of the WTO's dispute settlement body on Friday confirmed the legal moves,... 

Merafe Resources says output from joint venture with Glencore up 20%

By: African News Agency      19th October 2018 Mining company Merafe Resources said on Friday its ferrochrome production from the Glencore Merafe Chrome Venture for the third quarter ended 30 September 2018 increased by 20% to 84 000 t compared with the same period in 2017. Merafe said the increase was as a result of less planned maintenance... 

Gold merger will create industry 'superpower'

By: Rebecca Campbell     19th October 2018 The merger between Barrick Gold (domiciled in Canada and dual-listed on the New York and Toronto stock exchanges) and Randgold Resources (domiciled in Jersey and dual-listed on the London and Nasdaq stock exchanges), announced last month and still awaiting shareholder and regulatory approvals,... 

Kenya to establish gold refinery in bid to boost mining revenue

By: Bloomberg     19th October 2018 Kenya is seeking consultants for a feasibility study on a planned gold refinery in the East African nation’s western town of Kakamega, in a bid to boost earnings by small-scale miners. “The aim of the project is to improve the livelihoods of the beneficiary community, regional economy and that of... 

Acacia Mining threatens to invoke investment treaty in Tanzania dispute 

By: Reuters     19th October 2018 Acacia Mining said on Friday it would seek direct dialogue with Tanzania over a long-running tax dispute and threatened to invoke a bilateral investment treaty should a settlement not be reached. Acacia's parent Barrick Gold has been negotiating with the Tanzanian government on behalf of... 

Acacia Mining threatens to invoke investment treaty in Tanzania dispute

Kibo Energy says submits documents in bid for Tanzania coal to power project

By: African News Agency      19th October 2018 Africa-focused energy company Kibo said on Friday it had submitted its formal tender qualification document to the Tanzania Electricity Supply Company (Tanesco) for the Mbeya coal to power project, in line with the government’s new initiative to develop independent power projects. "Our visionary... 

Paladin revenue drops sharply as Namibia mine shuts down

By: Esmarie Iannucci     19th October 2018 ASX- and TSX-listed Paladin Energy has reported $6.6-million in revenue for the quarter ended December, from the sale of 267 423 lb of uranium oxide (U3O8). The quarterly sales results compared with the $23.6-million in revenue generated from the sale of 1.14-million lb U3O8 in the previous... 

De Beers eyes tech markets for synthetic diamonds future 

By: Reuters     19th October 2018 Anglo American unit De Beers is going after lucrative, but elusive high-tech markets in quantum computing, as it aims to expand its lab-grown diamond business beyond drilling and cutting. Element Six, De Beers' synthetic diamond arm, is building a $94-million factory in Portland, Oregon, an... 

De Beers eyes tech markets for synthetic diamonds future

Mike Eksteen reflects on twenty-fifth anniversary of Kloof Gold accident

By: Nadine James     19th October 2018 October 13 marked the twenty-fifth anniversary of the successful rescue of 150 miners trapped 3 km underground at the Kloof Gold Mine No. 3 sub shaft, in Westonaria, west of Johannesburg. Former Kloof Gold Mine GM Mike Eksteen, who helmed one of the most successful mine rescue operations in South... 

Mike Eksteen reflects on twenty-fifth anniversary of Kloof Gold accident
Photo by Nadine James
Dirk Albrecht & Mike Eksteen

Amid falling platinum prices, PGM miners upping chrome ore production to improve profitability 

By: Nadine James     19th October 2018 Some platinum group metals (PGM) producers have become large producers of chrome ore to improve their profitability, says Kagiso Asset Management investment analyst Mandi Dungwa. South Africa is the world’s largest chrome producer, delivering more than half of the global ore supply in 2017, with... 

Amid falling platinum prices, PGM miners upping  chrome ore production to improve profitability

Major equipment for Guinea bauxite project delivered

By: Rebecca Campbell     19th October 2018 United Arab Emirates (UAE) group Emirates Global Aluminium (EGA) has announced that the single biggest piece of equipment for its Boké bauxite project has arrived in the Republic of Guinea, in West Africa. Boké is being developed by EGA subsidiary Guinea Alumina Corporation (GAC). The... 

Motsoaledi calls on mining industry to provide healthy working environment 

By: Simone Liedtke     18th October 2018 It is estimated that more than one-million former mineworkers, who are in need of medical assessments and treatments, are without access to health services, Health Minister Dr Aaron Motsoaledi told delegates at the Mine Health and Safety Summit, held in Benoni, on Thursday. He said that, with the... 

Alibaba’s Jack Ma to speak at Ramaphosa’s Investment Conference dinner 

By: Terence Creamer     18th October 2018 Chinese tech sensation Jack Ma will deliver the keynote speech at a dinner to be hosted by President Cyril Ramaphosa on October 26 as part of the inaugural South Africa Investment Conference. The conference will take place at the Sandton Convention Centre, in Gauteng, from October 25 to 27, in... 

Alibaba’s Jack Ma to speak at Ramaphosa’s Investment Conference dinner
Jack Ma

Shanta revises FY18 production guidance lower

By: Creamer Media Reporter      18th October 2018 Aim-listed Shanta Gold has revised its production guidance for the full-year to about 80 000 oz of gold, compared with the previously targeted 82 000 oz to 88 000 oz, as a result of lower-than-expected mine grades, which have impact on production and increased the per unit cost. The gold miner,... 

August mining production down 9.1% y/y

By: Creamer Media Reporter      18th October 2018 South Africa’s mining production decreased by 9.1% year-on-year in August, Statistics South Africa reported on Thursday. The decrease was driven by lower output in the iron-ore, gold and platinum group metals (PGMs) sectors. 

Getting Africa fit for the future requires good governance – Africa Forum

By: Marleny Arnoldi     18th October 2018 Law firm Hogan Lovells Africa head and partner Andrew Skipper on Thursday opened the firm’s Africa Forum conference by stating that, in Africa, there is a combination of optimism and scepticism, but stressed that the available opportunities were enormous. “Currency, corruption and certainty need... 

Getting Africa fit for the future requires good governance – Africa Forum
Business Leadership South Africa CEO Bonang Mohale

Synfuels, manganese production train and Morila mine make headlines  

18th October 2018 This week Mining Weekly editor Martin Creamer unpacks South Africa’s synfuels know-how, Transnet’s manganese production train and Morila mine’s agribusiness conversion. 

Synfuels, manganese production train and Morila mine make headlines
Synfuels, manganese production train and Morila mine make headlines

Increased urgency to improve mine health, safety – Mantashe 

By: Simone Liedtke     18th October 2018 The increase in mining fatalities in South Africa’s mining sector over the past two years has increased the urgency of improving health and safety in the sector, Mineral Resources Minister Gwede Mantashe said on Thursday. Speaking at the opening of the Mine Health and Safety Summit, in Benoni, he... 

Increased urgency to improve mine health, safety – Mantashe
Mineral Resources Minister Gwede Mantashe

Resources Watch  

18th October 2018 Plea for government to awaken to massive economic potential of mining and, Chinese delegation to witness proudly South African logging system 

Resources Watch
Resources Watch

South African slump batters smaller neighbours protecting rand peg

By: Bloomberg     18th October 2018 South Africans aren’t the only ones struggling through the country’s economic slump. The fortunes of Lesotho, Namibia, and eSwatini, formerly known as Swaziland, are beholden to developments in their larger neighbor with their exchange rates pegged to the rand, the worst-performing major currency... 

Zambia's finance minister says new mining taxes will not hit operations

By: Reuters     18th October 2018 Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes in Africa's No.2 copper producer, its finance minister said on Wednesday. Zambia plans to introduce new mining duties, replace Value Added Tax with sales tax and increase... 

Vital pulls the plug on Bouli

By: Esmarie Iannucci     18th October 2018 ASX-listed Vital Metals on Thursday announced its withdrawal from an earn-in agreement into the Bouli gold project, in Niger, citing concerns over the ‘geopolitical situation’ in the region. Vital in July this year announced that it would proceed with A$5-million earn-in over a two-year period,... 

South32 reports strong manganese and coking coal performance 

By: Esmarie Iannucci     18th October 2018 Diversified miner South32 on Thursday reported a record quarter at its Australian manganese operations, while metallurgical coal production was up 39% on the previous quarter. “Annual production guidance is maintained for all our operations, with Australia manganese achieving another quarterly... 

South32 reports strong manganese and coking coal performance
South32 CEO Graham Kerr

Keep coal’s current share of the energy mix, says NUM

By: Kim Cloete     18th October 2018 The National Union of Mineworkers (NUM) has called for coal to be retained far more strongly in the country’s energy mix. In its submission on the draft Integrated Resource Plan (IRP) 2018, the NUM Western Cape said it was concerned that coal’s share in the energy mix was set to be reduced. “As... 

Renewable energy industry comments on draft IRP

By: Kim Cloete     17th October 2018 The renewable energy sector in South Africa has welcomed the draft Integrated Resource Plant (IRP) 2018, but has also expressed concerns. “While the IRP forecasting is rational in its choices, it unfortunately requires us to accept some overly optimistic assumptions,” said the South African... 

Organisations raise objections to the draft IRP

By: Kim Cloete     17th October 2018 Industry bodies and organisations have welcomed aspects of the draft Integrated Resource Plan 2018 but have also raised concerns during public hearings held in Parliament on Wednesday. They are hoping that their suggestions will be included in a final plan for South Africa’s energy future. 

Vast Resources, Botswana Diamonds receive preliminary geological assessment on Marange JV

By: Simone Liedtke     17th October 2018 Aim-listed Vast Resources, together with Botswana Diamonds (BOD), have received an independent competent person’s preliminary geological assessment relating to the Heritage concession within the Marange diamond fields of Zimbabwe, in which specific exploration recommendations were made. As... 

Jubilee reports solid Q3 performance, growing demand

By: Simone Liedtke     17th October 2018 AltX- and Aim-listed Jubilee Metals has seen a growing demand from both small and global mining companies wanting to work with Jubilee to access the metals available in mine waste, CEO Leon Coetzer said on Wednesday. This statement comes amid the diversified metals recovery company having... 

Endeavour moves forward Ity gold pour

By: Mariaan Webb     17th October 2018 The Ity carbon-in-leach (CIL) gold project that Endeavour Mining’s in-house team is building in Côte d'Ivoire is tracking two months ahead of schedule and will pour its first gold at the beginning of the March 2019 quarter, rather than mid-year, the Canadian firm reported on Wednesday. In a... 

Endeavour moves forward Ity gold pour
The process plant construction is more than 70% complete, tracking ahead of schedule.

First electricity from Imaloto slated for 2021 

By: Simone Liedtke     17th October 2018 Aim-listed Bushveld Minerals, parent company of coal and energy company Lemur Holdings, on Wednesday announced that the Imaloto project is on track to deliver electricity to south-western Madagascar by 2021. The Imaloto project is a developing integrated thermal coal mining and independent power... 

First electricity from Imaloto slated for 2021
Bushveld Minerals CEO Fortune Mojapelo

Asanko tracking top end of H2 guidance

By: Mariaan Webb     17th October 2018 Mining operations at the Asanko Gold Mine (AGM) are ahead of plan, standing the Ghana joint venture (JV) operation in good stead to meet its full-year production guidance of 200 000 oz to 220 000 oz. The mine – a 50:50 JV between Asanko Gold and Gold Fields – produced a record 61 599 oz in the... 

Amplats sets new benchmark with two Kom-Vision equipped vehicles at Mogalakwena complex 

By: Simone Liedtke     17th October 2018 Platinum mining major Anglo American Platinum (Amplats) has acquired two Kom-Vision-equipped Komatsu 930E earthmoving vehicles that have entered into production at the Mogalakwena Complex, setting a new benchmark for the miner. Amplats’ safety strategy is based on four pillars, namely systems,... 

GE calls for more coal power within the IRP 

By: Kim Cloete     17th October 2018 General Electric (GE) has called on the South African government to reconsider investing in a further 1 600 MW of coal-fired power generation capacity, describing it as "the lifeblood" of South Africa’s economy, a significant job creator and important source of foreign exchange. “The removal of 1... 

Acacia Mining says another employee arrested by Tanzania anti-corruption body

By: Reuters     17th October 2018 Acacia Mining said on Wednesday an employee and a former employee were detained by Tanzania's anticorruption authority, a week after the gold miner said another staffer had been released on bail after being charged with corruption. Tanzania's anti-corruption authority was quoted by local media as... 

Vector secures $35m in additional debt

By: Esmarie Iannucci     17th October 2018 ASX-listed junior Vector Resources has secured a $35-million debt funding for its Adidi-Kanga gold project, in the Democratic Republic of Congo. Dubai-based FT General Trading will provide the funding, which will be used for payments relating to the acquisition of the Adidi-Kanga project, the... 

Soil sampling gets under way at Red Rock’s DRC copper/cobalt licence

By: Creamer Media Reporter      17th October 2018 A soil sampling programme has started at a copper/cobalt licence in the Democratic Republic of Congo (DRC) owned by Aim-listed natural resources development company Red Rock Resources. The licence was recently acquired from a private seller. 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Latest News: Australasia

more

Latest News: Americas

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Close