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Africa News

Mining equipment supplier Weir buys US market leader Esco in $1.3bn tie-up

By: Henry Lazenby     Updated 4 hours ago UK-based mining equipment dealer Weir has signed a binding $1.29-billion accord to buy Portland, Oregon-based Esco – a local market leader in provisioning the mining, construction and industrial markets. "We are acquiring a high quality business at the right time, with the market in the early... 

Semafo’s Boungou mine 91% complete

By: Henry Lazenby     19th April 2018 Montreal-based miner Semafo reported on Thursday that construction of the Burkina Faso-based Boungou mine, in Burkina Faso, is 91% complete, and 10% of the equipment has already been commissioned. Commissioning exercises started in February, focusing first on the crushing circuit equipment and... 

B2Gold’s Fekola update continue to demonstrate potential for larger openpit

By: Henry Lazenby     19th April 2018 Gold producer B2Gold has extended mineralisation at its Fekola mine one kilometre to the north, with the positive drill results continuing to indicate potential for a larger openpit operation, that could justify a relatively low capital cost plant expansion from 5.5-million tonnes a year to about... 

Shanta reports lower Q1 gold production

By: Simone Liedtke     19th April 2018 Aim-listed Shanta Gold remains on track to achieve its guidance of 82 000 oz to 88 000 oz in 2018 at an all-in sustaining cost (AISC) of between $680/oz and $730/oz, despite the New Luika gold mine, in south-west Tanzania, reporting lower production. Production in the March quarter reduced to 17... 

Asanko mine performs ahead of LoM plan in Q1

By: Simone Liedtke     19th April 2018 Gold miner Asanko Gold’s Asanko mine, in Ghana, performed ahead of the optimised life-of-mine (LoM) plan during the first quarter ended March 31. The mine performed exceptionally well, said Asanko president and CEO Peter Breese, who noted that it is also ahead of plan on the key metrics of gold... 

Strike halts gold output at two Randgold mines in Mali – union

By: Reuters     19th April 2018 A workers' strike in Mali has halted gold production at two mines run by Randgold Resources since Wednesday, a senior union official told Reuters on Thursday. The strike at the Loulo and Gounkoto mines was related to the payment of bonuses and would continue until the issue was resolved, said... 

Illegal mining threatens Johannesburg infrastructure – Mashaba

By: African News Agency      19th April 2018 Johannesburg mayor Herman Mashaba said on Thursday he was concerned about apparent inaction by the national government to curb illegal mining which threatened critical bulk infrastructure and posed an imminent disaster in the city of Johannesburg. Mashaba said the activities could also... 

Maatla Energy gets enviro approval for Botswana mine

By: Marleny Arnoldi     19th April 2018 Coal and energy company Maatla Energy’s subsidiary, Maatla Resources, has received approval for the environmental-impact assessment (EIA) for its Mmamabula export coal mine, in Botswana.  

Drilling continues at Kodal’s Bougouni project

By: Anine Kilian     19th April 2018 Aim-listed Kodal Minerals plans to continue reverse circulation drilling on its Mali-based Bougouni lithium project until the start of the rainy season in June/ July. "We are continuing with the major exploration and definition programme at Bougouni, with multiple key activities happening in... 

TSR finds good gold mineralisation at Djibouti project

By: Marleny Arnoldi     19th April 2018 Phase 2 drilling at Thani Stratex Resources’ (TSR’s) Pandora gold project, in Djibouti, found an “outstanding” intersection of gold on the previously untested Pyrrha vein. 

Firestone sees high recoveries in first quarter

By: Anine Kilian     19th April 2018 Aim-listed Firestone Diamonds recovered 192 604 ct of diamonds from its Liqhobong mine, in Lesotho, in the three months to March 31. Recoveries were 6.6% higher than the previous quarter, resulting in a year-to-date total of 572 320 ct.  

Acacia reports lower Q1 adjusted net earnings, but maintains FY production target

By: Marleny Arnoldi     19th April 2018 Tanzanian gold miner Acacia Mining reported adjusted net earnings of $7-million for the quarter ended March 31, which is 73% lower than the $26.8-million adjusted net earnings reported for the first quarter of 2017.  

Acacia reports lower Q1 adjusted net earnings, but maintains FY production target
The Bulyanhulu mine, in Tanzania

De Beers to launch pilot programme to aid artisanal, small-scale miners

By: Marleny Arnoldi     19th April 2018 Diamond miner De Beers is preparing to pilot a programme, called GemFair, to support the formalisation of artisanal and small-scale (ASM) diamond mining and trading.  

Resources Watch  

     19th April 2018 This week: Strong rand eroding South African gold mines’ margins And, underground rail transport at local mines not being prioritised 

Resources Watch
Resources Watch

Sanctions fallout upends metals as aluminum, nickel burst higher

By: Bloomberg     19th April 2018 The turmoil unleashed by US sanctions against United Co. Rusal reverberated in metals markets, sending aluminium and nickel to multi-year highs. Global metals markets have been rocked for the past two weeks by the clampdown on Russia’s Rusal, which set off a rush for alternative supplies and... 

Tanzania names chairperson for new mining commission

By: Reuters     19th April 2018 Tanzanian President John Magufuli on Wednesday appointed a chairperson and commissioners for the country's new mining commission, paving the way for the issuance of new mining licences. Africa's fourth-largest gold producer is seeking a bigger slice of the pie from its vast mineral resources by... 

Triton signs offtake over Moz project

By: Esmarie Swanepoel     19th April 2018 Graphite developer Triton Minerals has signed its first offtake agreement over the Ancuabe graphite project, in Mozambique. Triton has inked a binding sales agreement with China’s Qingdao Tianshengda Graphite Company for up to 16 000 t/y of graphite concentrate from the mine, for a period of at... 

South32 hikes manganese guidance, lowers coal forecast

By: Esmarie Swanepoel     19th April 2018 Diversified miner South32 has increased its manganese production guidance from its Australia and South African operations to take advantage of farourable market conditions. The company increased its production guidance at the Australia manganese operations by 6% to 3.30-million tonnes and its... 

South32 hikes manganese guidance, lowers coal forecast
Photo by Bloomberg
South32 CEO Graham Kerr

BHP cuts guidance at Olympic Dam and Pilbara iron-ore ops

By: Esmarie Swanepoel     19th April 2018 Mining giant BHP has reduced its full-year production expectations for its Pilbara iron-ore operations, as well as the Olympic Dam mine, in South Australia. The miner on Thursday reported a 6% drop in iron-ore production during the three months to March, compared with the previous quarter,... 

BHP cuts guidance at Olympic Dam and Pilbara iron-ore ops

Mantashe stresses importance of partnerships for mining sustainability

By: Simone Liedtke     18th April 2018 Mineral Resources Minister Gwede Mantashe on Wednesday stressed the importance of partnerships between mining companies and labour, as well as with communities, for mining to be sustainable. Speaking at the inaugural KwaZulu-Natal Mining Indaba, in Newcastle, he noted that such partnership would... 

Further tariff increases would exacerbate Eskom’s death spiral – EIUG

By: Simone Liedtke     18th April 2018 The Energy Intensive User Group (EIUG) of Southern Africa, whose members account for about 40% of electrical energy consumed in the country, has warned that increases to electricity tariffs will exacerbate State-owned power utility Eskom’s “death spiral”. The EIUG is participating in the National... 

Altus raises C$4.11m in private placement

By: Creamer Media Reporter      18th April 2018 Aim-listed Altus Strategies has raised about C$4.11-million by way of a nonbrokered private placement of 27.39-million units at C$0.15 each. Each unit is comprised of one ordinary share and one ordinary share purchase warrant that may be used to buy one ordinary Altus share at C$0.30 for five... 

Orion appoints mining engineer as nonexecutive director

By: Creamer Media Reporter      18th April 2018 ASX- and JSE-listed Orion Minerals, which is developing the Prieska base metals project in South Africa’s Northern Cape, has appointed Michael Hulmes as nonexecutive director. Hulmes is a mining engineer with over 30 years’ senior executive, management 

Pallinghurst receives A$83m following Jupiter IPO

By: Creamer Media Reporter      18th April 2018 JSE-listed Pallinghurst Resources has received A$83.1-million following the relisting of Jupiter Mines on the ASX on Wednesday. Jupiter in March announced its plans to relist on the ASX through an initial public offering (IPO) to new investors of up to 600-million shares at A$0.40 a share, to... 

Ncondezi JDA on track to be concluded by end-July

By: Simone Liedtke     18th April 2018 The joint development agreement (JDA) for Aim-listed Ncondezi Energy’s integrated 300 MW power plant and coal mine project in Tete, Mozambique, remains on track for completion by the end of July. Proposals for the engineering, procurement and construction (EPC) and operations and maintenance... 

Jubilee signs processing agreement with Northam’s Eland Platinum

By: Simone Liedtke     18th April 2018 Jubilee Metals has executed an agreement with Eland Platinum, a wholly-owned subsidiary of Northam Platinum, for the processing of platinum-rich PlatCro material, post-chrome removal. Under the terms of the agreement, Jubilee will deliver 60 000 t/m of PlatCro material to Eland, starting in June. 

BHP to produce nickel sulphate next year, eyeing cobalt on battery boom

By: Reuters     18th April 2018 BHP Billiton is expanding its business as a supplier of battery minerals at its nickel refinery in Western Australia, planning to start producing nickel sulphate next year and looking at cobalt output as well, a company executive said. Cobalt and nickel are both critical ingredients for lithium... 

Another hydrogen boost for platinum fuel cells

By: Simone Liedtke     18th April 2018 The introduction of platinum-using fuel cells has received another boost with the latest success in hydrogen compression announced by Anglo American Platinum (Amplats) on Wednesday.   Last week, Amplats revealed plans for a fuel cell dozer, which makes use of hydrogen in liquid, to make a 2019... 

Another hydrogen boost for platinum fuel cells
Photo by Creamer Media
Amplats PGM investment programme CEO Andrew Hinkly

Base production declines as KP2 readies

By: Esmarie Swanepoel     18th April 2018 Mineral sands producer Base Resources has reported a slight decline in production for the March quarter, as a month-long mining and wet concentrator plant shut-down was initiated at its Kwale operations, in Kenya. The shut-down was part of the final equipment installation and piping tie-ins for... 

Rio Tinto lifts iron, bauxite and copper output, warns sanctions could impact aluminium

By: Esmarie Swanepoel     18th April 2018 Diversified giant Rio Tinto has reported production increases at its iron-ore, bauxite and copper divisions, while warning shareholders that US sanctions against Russian companies could impact aluminium production in 2018. “We delivered a solid operational performance across most commodities in... 

Rio Tinto lifts iron, bauxite and copper output, warns sanctions could impact aluminium
Photo by Bloomberg
Rio CEO Jean Sebastian Jacuqes

Unpacking this week's mining headlines 

     18th April 2018 Mining Weekly Editor Martin Creamer unpacks this week's mining headlines: Glencore’s sustainability report, South Africa’s potential role in the Congo potash project and the debut of a game-changing fuel cell dozer. 

Unpacking this week's mining headlines
Unpacking this week's mining headlines

Rio Tinto flags changes to 2018 aluminium output after US sanctions

By: Reuters     18th April 2018 Global miner Rio Tinto on Wednesday flagged possible changes to its 2018 aluminium output following US sanctions on its Russian partner Rusal earlier this month. Rio, which reported a 5% rise in first-quarter iron ore shipments in the March quarter, has declared force majeure on some customer... 

Rio Tinto flags changes to 2018 aluminium output after US sanctions

Jubilee sets new operational record

By: Simone Liedtke     17th April 2018 Jubilee Metals set a new operational record when it produced 1 858 oz of platinum-group metals (PGMs), in March, while its unit cost reached a low of $434/oz for the first quarter ended March 31. “I am very pleased with the continued operational improvements at our Hernic operations. I expect the... 

Nanoclay technology being developed as possible means to treat AMD

By: Anine Kilian     17th April 2018 The Council for Scientific and Industrial Research (CSIR) is developing low-cost polymer-based adsorbents for the removal of toxic pollutants such as heavy metals, anions and organics, from wastewater, that could be applied in the treatment of acid mine drainage (AMD). AMD is the outflow of... 

Pallinghurst delivers satisfactory FY17 performance

By: Natasha Odendaal     17th April 2018 Dual-listed Pallinghurst Resources has concluded what it called a “transformational year”, after successfully transitioning into an evergreen operating mining company during the year ended December 31, 2017. The group, which is listed on the JSE and the Bermuda Stock Exchange, on Tuesday posted... 

Pallinghurst delivers satisfactory FY17 performance
Photo by Creamer Media
Pallinghurst CEO Arne Frandsen

RBPlat lifts Q1 platinum production 13% y/y

By: Marleny Arnoldi     17th April 2018 JSE-listed Royal Bafokeng Platinum (RBPlat) achieved a 12.2% year-on-year increase in platinum, palladium, rhodium and gold (4E) platinum group metals production to 81 100 oz in the quarter ended March 31. Total tonnes delivered to concentrators increased by 1.9% to 735 000 t, with the Bafokeng... 

Jupiter mines to list on ASX; Tshipi increases FY18 net profit

By: Marleny Arnoldi     17th April 2018 Jupiter Mines, which owns a 49.9% interest in Tshipi é Ntle Manganese Mining, will list on the ASX on Wednesday, with the company’s board and management to ring the ASX bell in Sydney to formally start trading.  

Eskom says facing coal shortages at seven power plants

By: Reuters     17th April 2018 South African power utility Eskom, which is battling to recover from a financial and leadership crisis, said on Tuesday that it was facing coal shortages at seven power stations. Eskom supplies around 95% of South Africa's electricity, predominantly by burning coal. The state-owned utility has... 

Eskom says facing coal shortages at seven power plants
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