http://www.miningweekly.com
Au 1313.16 $/oz Change: 0.80
Pt 844.00 $/oz Change: -21.74
 
Close

Email me free daily news

Email address

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... 

Paulson says will not support Newmont takeover bid for Goldcorp
Newmont CEO Gary Goldberg

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. 

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. 

Hudbay wraps up Rosemont permitting process

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,... 

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... 

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... 

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... 

Pure Alumina buys Canadian player

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... 

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... 

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. 

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%... 

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... 

Continental reports resource estimate for BMZ1 at Buriticá

By: Tasneem Bulbulia     20th March 2019 Development-stage Continental Gold has received a positive and high-grade mineral resource estimate for a mineralised zone in the central-west portion of the Yaraguá system at its Buriticá project in Antioquia, Colombia. The estimate for broad mineralized zone 1 (BMZ1) showed a combined measured... 

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... 

New signs of hope for junior miners, says Minerals Council’s Chabana
Photo by Creamer Media
Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana

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. 

Sheppard appointed Konkola CEO – Business Day
Photo by Creamer Media
Chris Sheppard

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... 

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... 

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... 

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. 

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. 

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... 

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. 

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... 

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... 

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... 

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... 

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... 

St Barbara slumps on production downgrade, Gwalia trucking announcement

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... 

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... 

Localisation seen as key to stimulating struggling capital equipment sector

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%... 

Success of tailings retreatment stands out in lacklustre gold sector

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... 

Mining Weekly iPhone and Android Apps available for free download

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... 

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... 

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... 

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... 

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... 

Popular Articles This Week

more

Other Popular Articles


Company Post

more

Services News

Consulting Engineers

Contract mining

Crushing and Screening

Drilling and Tunnelling

Earthmoving

Energy Services

Explosives

Furnaces and Kilns

Material Handling

Opencast/Quarries

Pumps

Valves

Latest Videos

Coal and illegal mining make headlines this week

Menar’s Canyon offers Eskom cheaper coal on open-book basis

Exxaro delivers record coal output, sales; ups total dividend

Resources Watch

Ferrochrome, national platinum strategy and Nevada JV make headlines

RBPlat, Implats make headlines

RBPlat reopens UG2 shaft, creates UG2 access points at Styldrift

RBPlat studying solar energy, upgrading slimes dams

more

Press Office

more

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
Register Close