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South32's Cerro Matoso mine wins appeal, will not pay damages

By: Reuters     Updated 2 hours 1 minute ago Colombia's Cerro Matoso nickel mine, owned by Australian miner South32, will not be required to pay damages to indigenous and Afro-Colombian communities after winning an appeal in Colombia's constitutional court, a court spokesperson said on Thursday. The court had previously ruled that waste... 

South32's Cerro Matoso mine wins appeal, will not pay damages
Cerro Matoso

Chinese steel mills chase iron-ore contracts with Brazil's Vale

By: Reuters     Updated 3 hours ago Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron-ore ahead of winter steel output cuts, a boon for the main supplier of such grades of the commodity, Brazilian mining giant Vale. China, the world's biggest consumer of the steelmaking ingredient,... 

Continental Gold says three geologist killed in armed Colombia attack

By: Reuters     Updated 3 hours ago Canadian miner Continental Gold said on Thursday three of its geologists were killed in northern Antioquia province in Colombia in an armed attack. Three others were also injured in the attack, a company spokesman told Reuters. 

Central banks add 193 t of gold to reserves in H1

By: Marleny Arnoldi     20th September 2018 Central banks have added 193.3 t of gold to their reserves in the first six months of this year, which is an 8% increase compared with the 178.6 t bought in the same period last year, making it the strongest first half for central bank gold buying since 2015. The World Gold Council (WGC) states... 

Central banks add 193 t of gold to reserves in H1

IDM's Red Mountain entering final enviro assessment stage

By: Mariaan Webb     Updated 2 hours 13 minutes ago The Canadian Environmental Assessment Agency (CEA) has initiated the final stage of the Red Mountain gold project environmental assessment process, inviting public comment on the draft report and potential conditions that will be applied. The draft comment period runs until October 18, and a... 

Father’s Day yields gold worth $38m

By: Mariaan Webb     20th September 2018 The recently discovered Father’s Day vein at RNC Minerals’ Beta Hunt mine, in Australia, has more high-grade gold than previously thought, with estimates now put at 24 000 oz, worth $38-million. The new estimate is more than double the initial estimate of 9 250 oz. 

Pacton receives regulatory approval to buy rest of Arrow

By: Creamer Media Reporter      Updated 1 hour 23 minutes ago Canadian junior Pacton Gold hunting conglomerate-style gold in Australia’s Pilbara has received approval from the TSX Venture Exchange to buy the remaining 49% interest in Arrow Minerals. The transaction, announced last month, gives the company full ownership of a strategic landholding of 609... 

BHP seeks approval for $50m US pact over fatal Brazil dam burst

By: Reuters     20th September 2018 BHP Billiton has asked a US judge to approve a $50-million settlement of claims that it fraudulently inflated its share price by overstating its ability to manage safety risks before a fatal 2015 dam burst at a Brazilian mine. The Anglo-Australian mining company's preliminary settlement of... 

BHP's Spence copper mine in Chile partially closed following fire

By: Reuters     Updated 3 hours ago Global miner BHP Billiton said on Thursday that a fire at its Spence copper mine in Chile had forced it to partially shut down operations. No one was injured in the fire, which has since been extinguished, the company said. 

Centaurus resumes Salobo West licensing process

By: Mariaan Webb     Updated 23 minutes ago ASX-listed Centaurus Metals will resume the environmental licencing process for its maiden drilling programme at the Salobo West copper/gold project, in Brazil, after an earlier decision to deny the company a drilling and clearing licence was overturned. The key environmental agency responsible... 

Gold bulls say bears should be nervous as metal's rout ebbs

By: Bloomberg     Updated 3 hours ago Beleaguered gold bulls are finally getting a rest from this year’s sell-off, and some see encouraging signs for a turnaround in the metal. After falling for five straight months, the longest slump since 2013, gold is showing resilience, holding near $1 200 an ounce since late August and... 

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     Updated 31 minutes ago It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Ramaphosa moves to revitalise mining, create certainty
President Cyril Ramaphosa

South Africa to reallocate R50bn of budget to revive economy – Ramaphosa

By: Reuters     Updated 58 minutes ago South African President Cyril Ramaphosa announced a raft of policy reform plans on Friday, including re-prioritising R50-billion ($3.5-billion) of public spending to boost economic growth and create jobs. Africa's most industrialised economy entered recession in the second quarter for the first... 

South Africa to reallocate R50bn of budget to revive economy – Ramaphosa
Photo by Reuters
President Cyril Ramaphosa

Goldman backs commodities as trade war fury now met with shrugs

By: Bloomberg     Updated 3 hours ago Commodity bull Goldman Sachs Group says raw materials are poised to gain into the end of the year as investors have now become used to trade-war tensions, growth in top economies remains strong, and consumers who’d put off purchases in recent months start buying again. Copper jumped. “This week... 

Focus turns to nonexplosives-based rock breaking as quest for safer, more-efficient mining intensifies

By: Dylan Slater     Updated 4 hours ago The South African mining industry, once the backbone of economic growth, intensive job creation and development, is declining constantly, owing to the slow rates of research and development into newer, safer, modernised, mechanised and continuous mining methods. A key pillar of improving mining... 

Focus turns to nonexplosives-based rock breaking as quest for safer, more-efficient mining intensifies

Fuel cell parts manufacturer ready to commission plant

By: Donald Makhafola     Updated 4 hours ago Fuel cell components manufacturer Isondo Precious Metals (IPM) hopes to commission its platinum-containing membrane electrode assembly (MEA) manufacturing plant in the upcoming months, pending the finalisation of the balance of funding. The state-of-the-art MEA manufacturing technology plant from... 

Fuel cell parts manufacturer ready to commission plant
Photo by Creamer Media
VINAY SOMERA Our intention is to prove the business case that South Africa can produce the best-quality components for the fuel cell using platinum-group metals

Mahenge Liandu graphite project on track

By: Marleny Arnoldi     20th September 2018 Aim-listed Armadale director Nick Johansen says the company is gaining momentum with confirming and highlighting the commercial viability of its Mahenge Liandu graphite project, in Tanzania, and is on track for a decision to mine in early 2019. “The completion of the scoping study in April was... 

Minergy lauds Botswana regulatory authorities

By: Martin Creamer     20th September 2018 Minergy CEO Andre Bojé is full of praise for Botswana’s regulatory authorities, who he says use legislation to assist mining investment. Minergy, which is listed on the Botswana Stock Exchange, has begun work on its maiden 390-million-tonne Masama, located in the Mmamabula coalfield, 50 km north... 

Minergy lauds Botswana regulatory authorities
Minergy CEO Andre Bojé

Graphex updates Tanzania graphite project’s PFS

By: Mariaan Webb     20th September 2018 An update to the 2015 prefeasibility study (PFS) for the Chilalo graphite project has delivered “robust” financial returns and confirmed the “exceptional economics” of the Tanzania project, Australian firm Graphex reported on Thursday. The updated PFS assesses a two-stage production scenario,... 

Kareevlei output rises 81% y/y in H1

By: Tasneem Bulbulia     20th September 2018 Diamond mining company BlueRock Diamonds has achieved an 81% increase year-on-year increase in production at its Kareevlei diamond mine, in the Kimberley region, to 73 028 t for the six months ended June 30. This represents an active period for the company, culminating in the restabilisation of... 

Cabinet’s approval of new Mining Charter a ‘positive’ step – law firm

By: Marleny Arnoldi     20th September 2018 Multinational law firm Herbert Smith Freehills on Thursday welcomed Cabinet’s approval of the new Mining Charter, as well as of the withdrawal of the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill, as proposed by Mineral Resources Minister Gwede Mantashe earlier this... 

Cabinet’s approval of new Mining Charter a ‘positive’ step – law firm
Photo by Creamer Media
Herbert Smith Freehills director Patrick Leyden

Gold wage talks deadlock again between Sibanye and AMCU

By: African News Agency      20th September 2018 Wage negotiations between the Association of Mineworkers and Construction Union (AMCU) and Sibanye-Stillwater reached a deadlock once again on Thursday. "No agreement has been reached and wage talks continue," AMCU said in a terse statement. 

Toro appoints new CFO

By: Creamer Media Reporter      20th September 2018 West Africa-focused Toro Gold has appointed Martin Page CFO, effective October 8. This follows the retirement of former CFO Gary Townsend, who remains available to the company on a reduced hours basis to provide continuity and support over the next 12 months. 

Life After Coal continues fight against coal-fired IPP projects

By: Marleny Arnoldi     20th September 2018 The Life After Coal Campaign contends that two proposed independent power producer (IPP) coal-fired power stations will never be built. The organisation is opposed to the construction of the proposed 557 MW Thabametsi project, near Lephalale, in Limpopo, and the proposed 306 MW Khanyisa project... 

Serabi fills new COO position with Brazilian national

By: Creamer Media Reporter      20th September 2018 Brazil-focused gold mining and development company Serabi on Thursday announced the appointment of Roney Almeida to the newly established position of COO. Almeida, a Brazilian national and resident in Belo Horizonte, will report to Serabi CEO Mike Hodgson. 

Deep sea robots reveal mineral riches in the abyss

By: Reuters     20th September 2018 From the safety of their research vessel, scientists are exploring one of Earth's last frontiers - the sea floor - to discover more about valuable minerals vital in the manufacture of smartphones. The scientists, from the University of Bergen in Norway, are sending robots 2 500 m down into the... 

Deep sea robots reveal mineral riches in the abyss

Consolidated Zinc ships first ore from Plomosas

By: Creamer Media Reporter      20th September 2018 The first shipment of ore has left the Plomosas zinc/lead/silver project for processing at Grupo Mexico’s Santa Eulalia plant, ASX-listed Consolidated Zinc reported on Thursday. The company said it would deliver about 100 t/d to the concentrator for the rest of the month, where after it would... 

‘Take no action’ Dampier tells shareholders

By: Mariaan Webb     20th September 2018 ASX-listed Dampier Gold has urged shareholders not to take any action in relation to the conditional scrip takeover offer from joint venture (JV) partner Vango Mining, arguing that the timing of the bid is a direct response to an unresolved dispute between the two companies over the K2 gold mine... 

China's iron-ore demand to remain flat as scrap steel use rises

By: Reuters     20th September 2018 China's iron-ore demand is expected to stay flat, said an official from Baoshan Iron & Steel Co, the country's biggest listed steelmaker, as Beijing's stricter environmental rules boost the use of scrap steel. China's growing stockpiles of scrap steel should also increase its use in steelmaking... 

Axiom fully permitted for Isabel nickel project

By: Mariaan Webb     20th September 2018 Solomon Islands has formally granted Axiom Mining a lease over the San Jorge nickel deposit, paving the way for the ASX-listed company to start construction of the Isabel mine – one of the last known undeveloped world-class nickel laterite deposits. The news sent Axiom’s stock surging 44% to... 

Phosa says South Africa should be ‘plotting’ a credible economic strategy 

By: Terence Creamer     20th September 2018 Former African National Congress (ANC) treasurer-general Mathews Phosa made a forthright appeal on Thursday for the creation and implementation of a credible economic strategy, centred on growth and job creation, rather than “vague, ill-timed, conflicting and populist” policies. Speaking at the... 

Former African National Congress (ANC) treasurer-general Mathews Phosa on the need for a credible economic strategy, centred on growth and job creation, rather than 'vague, ill-timed, conflicting and populist policies'. Camera Work & Editing: Nicholas Boyd.

Doray ‘firmly on path’ to 100 000 oz/y goal

By: Mariaan Webb     20th September 2018 The upgrade of Doray Minerals’ resource for the high-grade Da Vinci gold discovery in the Deflector gold/copper mine has set the company “firmly on the path” to reaching its ‘target 1-5-1’ strategic goal of producing 100 000 oz/y of gold, over a minimum of five years and at an all-in sustaining... 

Nexus expands Wallbrook project

By: Creamer Media Reporter      20th September 2018 Gold explorer Nexus Minerals has acquired a 190 km2 tenement package adjacent to its Wallbrook tenements, expanding the project to about 250 km2 of prospective geological units in the Eastern Goldfields of Western Australia. The ASX-listed company has signed a tenement sale and purchase... 

Glencore to issue new bonds

By: Marleny Arnoldi     20th September 2018 Global diversified miner Glencore has placed a tap issue of nondilutive zero-coupon cash settled guaranteed convertible bonds for $125-million to be consolidated with its $500-million nondilutive bonds due 2025. The new bonds are to be issued on the same terms as the original bonds and, as of... 

Resources industry helping to keep Queenslanders employed – QRC

By: Marleny Arnoldi     20th September 2018 The Queensland Resources Council (QRC) says in the space of a year, the state’s mining industry has created an extra 10 000 jobs, which is a 17% year-on-year increase when compared with the same quarterly data of last year. QRC CE Ian Macfarlane quoted the quarterly labour force data of the... 

Rio Tinto returns $3.2bn in coal disposal proceeds to shareholders

By: Marleny Arnoldi     20th September 2018 Anglo-Australian multinational mining group Rio Tinto on Thursday unveiled how it intends to return the proceeds of its recent Australian coal disposals to its shareholders. The company will launch a $3.2-billion share buyback programme, combining an off-market buyback tender targeting up to... 

Rio Tinto returns $3.2bn in coal disposal proceeds to shareholders
Rio Tinto CEO Jean-Sébastien Jacques

Cabinet approves new Mining Charter

By: Reuters     20th September 2018 The South African Cabinet has approved the latest version of the long-delayed mining charter which lay outs requirements for black ownership levels and other targets, a cabinet minister said on Thursday. Communications Minister Nomvula Mokonyane told reporters that more details about the charter... 

Cabinet approves new Mining Charter

Wallbridge up on high-grade drilling results

By: Creamer Media Reporter      20th September 2018 Shares in Toronto-listed Wallbridge Mining soared 21% on Wednesday as the company announced positive results from its underground drilling programme and an update on the ongoing development of the 35 000-t bulk sample at the Fenelon gold property, in Quebec. Wallbridge said that, in the newly... 

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