http://www.miningweekly.com
R/€ = 14.42 Change: -14.27
R/$ = 13.46 Change: -13.33
Au 1217.11 $/oz Change: 4.20
Pt 976.00 $/oz Change: -3.75
 
Close

Email me free daily news

Email address

Big gold miners must partner to develop new mines – Goldcorp CEO

By: Reuters     Updated 7 hours ago The world's biggest gold miners should partner to share the financial and other risks of developing large gold deposits, the chief executive of Goldcorp, the world's third biggest gold miner by market value, said on Tuesday. The gold mining industry "risks irrelevance" if it is not able to find... 

Big gold miners must partner to develop new mines – Goldcorp CEO
Photo by Bloomberg
Goldcorp CEO David Garofalo

Chile to invite bids on value-added lithium tech in April

By: Reuters     17th January 2017 Chile will hold a tender in April to encourage companies to use its vast lithium resources to move it up the value chain with cathode or battery production, the head of the country's development agency told Reuters on Tuesday. It is pressing ahead on deals with international firms as relations... 

Chile to invite bids on value-added lithium tech in April

Argonaut FY 2016 output beats revised lower guidance

By: Henry Lazenby     Updated 6 hours ago Mexico-focused gold producer Argonaut Gold has beaten its revised lower guidance ranging between 115 000 gold-equivalent ounces (GEOs) to 120 000 GEOs for the full-year 2016, producing 122 097 GEOs for the twelve-month period. Production at the El Castillo normalised during the fourth quarter... 

Cerrejon's Colombia coal exports, output fall in 2016

By: Reuters     Updated 7 hours ago Output and exports of coal by Cerrejon, Colombia's biggest coal producer, fell in 2016 for the second straight year, the company said on Tuesday. Production reached 32-million tonnes, down 3.6% from the previous year when output was 33.2-million tonnes. Cerrejon did not provide a reason for the... 

Indonesia may issue new tax rules for mineral exports next week – official

By: Reuters     17th January 2017 Indonesia may issue new tax rules for mineral exports next week, a Finance Ministry official said on Tuesday, after discussions with the Energy and Mineral Resources Ministry, which recently changed rules on domestic mineral processing. "We want the export duties to push domestic processing.... 

Western Australia approves Cameco uranium mine for development

By: Esmarie Swanepoel     17th January 2017 The Western Australian government has approved Canada-based uranium major Cameco’s Yeelirrie uranium project, subject to 17 conditions. Considered one of Australia's largest undeveloped uranium deposits, the Yeelirrie project has an estimated resource of 127.3-million pounds.  Cameco is proposing... 

‘No better time in commodity cycle to get into copper/gold’ – Broadway chair

By: Henry Lazenby     17th January 2017 There is no better time in the commodity price cycle to get into the copper/gold space than the present, says Montana-focused project developer Broadway Gold chairperson Duane Parnham. Speaking to Mining Weekly Online during an interview, the mining veteran pointed out that an analysis of the... 

‘No better time in commodity cycle to get into copper/gold’ – Broadway chair
Photo by Duane Daws
Broadway Gold chairperson Duane Parnham

Goldcorp FY16 output down as altered strategy aligns major for better future yields

By: Henry Lazenby     17th January 2017 The adage ‘What you lose on the swings, you make up for on the roundabouts’ could probably be said of major precious metals miner Goldcorp, after it announced a 17% year-on-year drop in gold output during 2016, to 2.87-million ounces. Despite the 2017 guidance calling for even less output,... 

Rockwell navigates difficult Q3 as litigation, suspensions take toll

By: Henry Lazenby     17th January 2017 Canada-based alluvial miner Rockwell Diamonds has reported a C$5.5-million net loss for the third quarter ended November 30, owing to litigation and the suspension of mining operations in South Africa's Northern Cape. The TSX- and JSE-listed company on Monday said rough diamond revenues declined... 

Rockwell navigates difficult Q3 as litigation, suspensions take toll

Vale loads first iron-ore shipment from giant new S11D mine

By: Henry Lazenby     16th January 2017 The world’s biggest iron-ore miner, Vale, has loaded the first ore from its largest-ever mine, the S11D project, in Canaã dos Carajás, south-east of Pará, at the Ponta de Madeira docks. On Friday, Vale loaded its first 26 500 t of commercial ore produced at the $14.4-billion mine in Brazil,... 

Vale loads first iron-ore shipment from giant new S11D mine
Photo by Vale
Ponta da Madeira loads first ships including cargo produced in S11D mine

Acacia jumps in London on $4bn Endeavour merger talks

By: Bloomberg     17th January 2017 Acacia Mining jumped to the highest in almost two months after the gold miner confirmed it is in early-stage talks with rival Africa-focused producer Endeavour Mining Corp. about a possible merger of the two companies which have a combined value of about $4-billion. Acacia, which mines the... 

Rio Tinto hits 2016 production target, keeps 2017 guidance

By: Esmarie Swanepoel     17th January 2017 Mining giant Rio Tinto has delivered a strong production quarter in the three months to December, helping the group to achieve its targeted iron-ore shipments for 2016. Australia’s largest iron-ore miner produced 85.5-million tonnes in the fourth quarter, taking 2016’s production to 329.5-million... 

Rio Tinto hits 2016 production target, keeps 2017 guidance
Rio Tinto CEO Jean-Sebastien Jacques

Brexit plus Trump have sent gold on a January winning streak

By: Bloomberg     17th January 2017 If you think the new year is a time of optimism and hope for the future, then you haven’t been watching gold. Bullion has risen every day except one in 2017, evidence that investors are pricing in a rocky year ahead. UK Prime Minister Theresa May confirmed Tuesday that she’ll leave the European... 

Iron-ore opens 2017 with a bang after flaying skeptics last year

By: Reuters     16th January 2017 Iron-ore has carried last year’s bullish momentum into the start of 2017, with prices rallying to a two-year high amid speculation that China’s demand for overseas ore will hold up even as the world’s largest miners bring on new capacity. Ore with 62% content in Qingdao in China climbed 3.9% to... 

MAC’s TSM initiative emerges as proven mining sustainability standard

By: Henry Lazenby     17th January 2017 The Mining Association of Canada (MAC) has released its twelfth yearly ‘Towards Sustainable Mining’ (TSM) progress report, highlighting the significant impact the initiative has had over the years to foster sustainability practices among its members. According to the MAC, Vancouver-based... 

Ghana's 2017 gold production off to a strong start

By: Anine Kilian     17th January 2017 Ghana's gold sector has had a strong start this year, owing to the start of gold production at a new mine, rising gold prices and a favourable investment environment, Fitch-affiliated market analyst BMI Research said on Tuesday. “We expect the steady growth rate of the country's gold output to... 

Ongoing exploration to further boost Atalaya copper output

By: Megan van Wyngaardt     17th January 2017 Dual-listed Atalaya Mining produced 26 179 t of copper in 2016, in line with its guidance, boosted by average copper recoveries of 83.29% at its 100%-owned Proyecto Riotinto mine in Andalucía, Spain. The miner on Tuesday reported that it had produced 8 938 t of copper in the last quarter of the... 

Local mining industry sees broad-based decline in November production

By: Megan van Wyngaardt     17th January 2017 Although recent updates from the International Monetary Fund and World Bank forecast a moderate recovery in global mining growth, which reached a post-crisis low in 2016, the contraction in South Africa’s mining production still deepened by 4.2% year-on-year in November, from a contraction of... 

Galileo to start Concordia drill programme

By: Natasha Odendaal     17th January 2017 Aim-listed Galileo Resources plans to start a drilling programme at its Concordia copper project, in the Northern Cape, during the first quarter of 2017. This follows the exploration and development mining company’s consolidation of the final geophysics data reports by consultants GeoSpec... 

Israeli official opposes extension to ICL's Dead Sea mining permit

By: Reuters     17th January 2017 Israel Chemicals' (ICL's) permit to mine in the Dead Sea should not be extended when it expires in 2030 but instead the rights should be put up for sale by tender, a senior Finance Ministry official recommended on Tuesday. "Holding a tender is the correct way to maximise the public's share of the... 

Alecto raises £1m to restart Mowana mine

By: Anine Kilian     17th January 2017 Aim-listed Alecto Minerals has raised £1-million through the issue of convertible loan notes to restart operations at its newly acquired Mowana copper mine, in Botswana. Alecto in December announced that it would acquire Cradle Arc Investments, which owns the Mowana mine, for about £6.72-million... 

Govt officials endorse development of DRC tin project

By: Anine Kilian     17th January 2017 Government officials from the North Kivu province in the Democratic Republic of Congo (DRC) have endorsed the development of Alphamin Resources’ 10 000 t/y Bisie tin project. Construction on the project is expected to begin in the first quarter of this year, with the mine to reach full production... 

Harmony expects 8% y/y increase in H1 gold production

By: Anine Kilian     17th January 2017 JSE-listed Harmony Gold expects to report an 8% year-on-year increase in gold production for the six months ended December 31. The miner had produced 568 459 oz of gold in the six months to December 2015. 

Gold Road earmarks A$22m for exploration, including A$5m for Gruyere JV

By: Esmarie Swanepoel     17th January 2017 ASX-listed Gold Road Resources has set aside up to A$22-million to focus on exploration in the Yamarna belt, in Western Australia. The company plans to spend between A$12-million and A$15-million on exploration in its North Yamarna tenements, while more than A$5-million will be spent to further... 

Base reports higher mining volumes at Kenya mine, updates FY17 guidance

By: Esmarie Swanepoel     17th January 2017 Mineral sands miner Base Resources reported a strong operational performance at its Kwale project, in Kenya, with the mine producing a record three-million tonnes of ore on the back of the successful commissioning of a 400 t/h hydraulic mining unit. Combined with the existing dozer trap mining... 

Exxaro concludes R3.6bn share repurchase scheme

By: Natasha Odendaal     17th January 2017 JSE-listed Exxaro on Tuesday said all conditions precedent to the specific repurchase of shares from its black economic empowerment (BEE) partner Main Street 333 (MS333) have been met. Exxaro will acquire nearly 44-million ordinary shares from MS333 in a deal valued at around R3.5-billion. 

Anti-iron-ore-tax campaign blazes a trail – CME

By: Esmarie Swanepoel     17th January 2017 The Western Australian Chamber of Minerals and Energy (CME) is revelling in the success of its anti-mining-tax campaign, after recent polling showed that support for the proposed iron-ore tax has dropped from nearly 50% to 34.8%. The CME in November launched a campaign to stop the Western... 

Fortescue appoints new CFO

By: Esmarie Swanepoel     17th January 2017 Iron-ore major Fortescue Metals has appointed Elizabeth Gaines to the position of CFO, replacing Stephen Pearce, who will join diversified miner Anglo American on January 30. Gaines will take up the position of CFO from February 6. 

S Australian magnetite consortium signs Chinese offtake deal

By: Esmarie Swanepoel     17th January 2017 The South Australian Magnetite Consortium, which consists of ASX-listed Magnetite Mines and Lodestone Equities, has signed a sale and purchase letter of intent (LoI) with Chinese company Ningbo Iron & Steel for the purchase of one-million tonnes a year of iron-ore concentrate. Ningbo will... 

Vector reports maiden resource at DRC gold prospect

By: Esmarie Swanepoel     17th January 2017 ASX-listed junior Vector Resources has reported a maiden inferred Joint Ore Reserves Committee-compliant resource of 6.96-million tonnes at its Kabotshome gold prospect, in the Democratic Republic of Congo. Grading 1.9 g/t gold, the prospect, which forms part of the greater Maniema gold project,... 

White Rock launches DFS at Mt Carrington

By: Esmarie Swanepoel     17th January 2017 Metals hopeful White Rock Minerals has launched a definitive feasibility study (DFS) and environmental-impact statement (EIS) at its Mt Carrington gold/silver project, in New South Wales. White Rock MD and CEO Matt Gill said on Tuesday that initial priorities would be on community consultation... 

Plant shutdowns impact Vedanta's Q3 output

By: Megan van Wyngaardt     16th January 2017 Despite lower output at its zinc operations in the third quarter of the current financial year, diversified miner Vedanta Resources says it is still on track to achieve its stated guidance of higher mined metal production for the full year. Its total production across operations for the quarter... 

Plant shutdowns impact Vedanta's Q3 output

Competition authorities approve Kgalagadi Manganese takeover

By: Megan van Wyngaardt     16th January 2017 The Competition Tribunal has approved the merger between Kgalagadi Alloys and Kalagadi Manganese without conditions. Kgalagadi Alloys will acquire Northern Cape-based Kalagadi Manganese. 

Kenmare lifts FY17 production guidance as market looks positive

By: Megan van Wyngaardt     16th January 2017 LSE-listed Kenmare Resources on Monday adjusted its production guidance for this year to between 950 000 t and 1.05-million tonnes of ilmenite, 5% to 16% higher than production for 2016, owing to increased utilisation and recovery rates at its Moma titanium minerals mine, in Mozambique. The miner... 

Ferrum, BVI in talks over delayed Moonlight BFS

By: Megan van Wyngaardt     16th January 2017 A farm-in and joint venture agreement between triple-listed metals project developer Ferrum Crescent and Business Venture Investments (BVI) has stalled, after the latter failed to complete the first phase of a bankable feasibility study (BFS) at Ferrum’s Moonlight iron-ore project, in Limpopo. In... 

Sweden's Atlas Copco proposes splitting group, appoints new CEO

By: Reuters     16th January 2017 Swedish mining gear and compressor maker Atlas Copco plans to split the group into two listed companies in 2018 and distribute the equity in the new company to shareholders. The news, which was not expected, is another piece in a wider European trend where a wave of spin-offs through initial... 

Victoria expects ‘positive outcome’ on Alcoa Portland talks soon

By: Esmarie Swanepoel     16th January 2017 Aluminium major Alcoa and the federal and Victorian governments are continuing discussions over the future of the Portland smelter, with the state government saying that significant progress has been made. “All parties are committed to working towards finalising a positive outcome in the very... 

Victoria expects ‘positive outcome’ on Alcoa Portland talks soon

Regis Q2 output rises 7%, on track to meet FY guidance

By: Esmarie Swanepoel     16th January 2017 Gold miner Regis Resources has reported its highest quarterly production in the three months to December since 2014. Gold production during the quarter reached 80 090 oz, which was at the upper-end of the yearly guidance range, the miner said on Monday. Production was 7% higher than the first... 

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

Materials Handling

Opencast/Quarries

Pumps

Valves

Latest Videos

Ghana govt renews Goldplat licence

Sibanye Gold’s tailings project launch likely 'in next six months'

Resources Watch

South Africa must wake up to fuel cell race or risk losing out

Glencore on nickel and zinc developments

Mintek reveals new tailings retreatment process

Resources Watch

DMR making ill-considered demands, turns dictator

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
Close