Au 1332.24 $/oz Change: 15.31
Pt 961.00 $/oz Change: 14.84

Email me free daily news

Email address

Rising synthetic diamond output lifts discount to natural stones

By: Henry Lazenby     Updated 1 hour 9 minutes ago An analysis from independent New York-based diamond analyst Paul Zimnisky has shown that prices for synthetic laboratory-created diamonds are falling at an accelerating pace. Lab-created diamonds have enjoyed a 71% year-on-year improvement of its discount to natural equivalents over the past 12... 

Rising synthetic diamond output lifts discount to natural stones

Global copper deficit widens 21% in 2017 as refined supplies stagnate

By: Henry Lazenby     Updated 3 hours ago The latest data from the Lisbon, Portugal-based International Copper Study Group (ICSG) points to a 21% year-on-year global deficit of refined copper, as refined supplies remain stagnant. During 2017, the global refined copper balance slid to a deficit of 163 000 t of red metal, compared with... 

Global copper deficit widens 21% in 2017 as refined supplies stagnate

The lithium sector surge is poised to ignite a deals bonanza

By: Bloomberg     Updated 7 hours ago The tripling in lithium prices over three years is poised to fuel a multi-billion dollar rush of deals as major players jostle for dominance to supply the metal needed for the electric vehicle battery revolution. China’s expected to lead a mergers and acquisition bonanza as companies seek to... 

The lithium sector surge is poised to ignite a deals bonanza

Wheaton Precious Metals beats 2017 guidance, lifts dividend 29%

By: Henry Lazenby     Updated 7 minutes ago The world’s largest precious metals streaming firm Wheaton Precious Metals has declared a quarterly dividend of $0.09 a share – up 29% year-on-year as record production lifted the bottom line. The Vancouver-headquartered company reported full-year silver output of 28.6-million ounces, which was... 

Emgold outlines nearly 300 000 oz of gold, plans 2-phased approach to develop Golden Arrow

By: Henry Lazenby     Updated 4 hours ago A technical report on the Golden Arrow deposit, in Nevada, has outlined compliant indicated and measured resources of nearly 300 000 oz of gold, showing the project is deserving of further work to determine its financial viability, a news release by junior explorer Emgold Mining advised this... 

Caledonia Mining hits new production record at Blanket mine; to increase mine stake

By: Henry Lazenby     Updated 30 minutes ago LSE Aim- and TSX-listed gold producer Caledonia Mining has achieved a new production record at its flagship Blanket mine, in Zimbabwe, reporting a 11.5% year-on-year output improvement to 56 133 oz for 2017. The London-based company, which owns a 49% stake in the Blanket gold mine said all-in... 

First Quantum steadies as CEO hopeful of escaping giant tax bill

By: Bloomberg     Updated 7 hours ago First Quantum Minerals recovered from what was shaping up to be its worst two-day drop in two years as its chief executive officer said he’s hoping to talk his way out of a $7.9-billion tax bill in Zambia - which includes $5.7-billion in interest. First Quantum received a letter from the Zambia... 

First Cobalt undertakes study to assess mine waste rock; success could impact overall strategy

By: Henry Lazenby     Updated 4 hours ago ASX- and TSX-V-listed First Cobalt has launched a metallurgical study on the high-grade inventory of refinery residue and crushed waste rock material located near the company’s mill facility, located in the Canadian Cobalt Camp, Ontario. First Cobalt has partnered with Dundee Sustainable... 

Rio makes plans to further reduce debt

By: Esmarie Swanepoel     21st March 2018 Mining major Rio Tinto has launched a $2.25-billion debt reduction programme. Under the plan, Rio has issued redemption notices for some $1.4-billion of four series of its US-dollar denominated notes, maturing in 2021 and 2022, and has started invitations to holders outside of the US to sell up... 

B2Gold sets record straight as Mali mulls mining code amendments

By: Henry Lazenby     Updated 2 hours 37 minutes ago Canadian miner B2Gold has issued a statement confirming that the full details of any proposed new Mali mining code and the timing for its implementation are not known at this time. The miner responded to recent media reports attributing statements to a government minister at a joint news... 

Oyu Tolgoi completes sinking Shaft 5

By: Henry Lazenby     Updated 3 hours ago Mongolia’s massive Oyu Tolgoi copper/gold mine has achieved its latest important milestone after sinking of the new Shaft 5 has been completed. The shaft has a final depth of 1 178 m. 

Tres Estradas to cost $84m

By: Esmarie Swanepoel     21st March 2018 A bankable feasibility study (BFS) into the Tres Estradas phosphate project, in Brazil, has estimated that the project would require a capital investment of $83.9-million to produce a total of 43.5-million tonnes of ore. ASX-listed Aguia Resources said that the project will include an openpit,... 

Atrum raises cash to fund Elan buy

By: Esmarie Swanepoel     21st March 2018 Coal miner Atrum Coal will raise some A12.6-million through a share placement and entitlement offer to complete the acquisition of the Elan coking coal project, in Canada, and to start an aggressive exploration programme at Elan South. The miner on Wednesday reported that an initial A$8-million... 

Canada's PM optimistic on NAFTA as deal on autos appears closer

By: Reuters     Updated 5 hours ago Prime Minister Justin Trudeau said on Wednesday he remained optimistic Canada would get a good deal at the NAFTA modernisation talks amid signs negotiators could be closer to settling one of the trade pact's most contentious issues. Officials are due to meet next month for the eighth round of... 

Encounter offers two new projects to Newcrest

By: Esmarie Swanepoel     21st March 2018 Junior Encounter Resources has generated and secured two new project opportunities that were being assessed by gold miner Newcrest Mining under an existing project generation alliance. Newcrest and Encounter in December of last year agreed to the project generation alliance, which would see the... 

Nopsema approves Barossa-Caldita plans

By: Esmarie Swanepoel     21st March 2018 The Barossa-Caldita offshore project has taken a major step forward with Australia’s offshore petroleum regulator approving the project proposal. Oil and gas major Santos on Wednesday reported that the National Offshore Petroleum Safety and Environment Management Authority (Nopsema) had assess... 

Apollo takes interest in Spanish project

By: Esmarie Swanepoel     21st March 2018 ASX-listed Apollo Minerals will acquire a 75% interest in the Aurenere tungsten/gold project, in northern Spain, along strike from the Couflens project, in France. Under the share purchase agreement, Apollo would acquire a majority interest in Spain’s NeoMetal for €100 000 cash upfront, and a... 

South Flank could support greater demand from Asia

By: Esmarie Swanepoel     21st March 2018 The approval of the proposed South Flank mine, in Western Australia, could supply Asia’s growing demand for higher quality iron-ore, mining major BHP’s iron-ore asset president, Edgar Basto said. Addressing the Global Iron Ore & Steel Forecast conference, in Perth, Basto noted that the ongoing... 

South Flank could support greater demand from Asia

G20 agrees to 'monitor' cryptocurrencies but no action yet

By: Reuters     21st March 2018 Financial policymakers from the world's top 20 economies agreed to keep a watchful eye on cryptocurrencies on Tuesday and opened the door to regulating the booming industry at a later stage. Wild swings in the price of Bitcoin, the best known of a myriad of digital currencies issued by private... 

G20 sees need for 'dialogue,' fails to diffuse trade war threat

By: Reuters     21st March 2018 The world's financial leaders rejected protectionism on Tuesday and urged "further dialogue" on trade, but failed to diffuse the threat of a trade war days before US metals tariffs take effect and Washington is to announce measures against China. Finance ministers and central bankers of the... 

G20 sees need for 'dialogue,' fails to diffuse trade war threat
Photo by Reuters
Canada's Finance Minister Bill Morneau

Workers at Chile's Los Pelambres mine extend contract talks - industry group

By: Reuters     20th March 2018 Workers at Antofagasta's Los Pelambres copper mine, in Chile, have opted to extend a period of government mediation in an effort to reach agreement on a new labour contract, an industry group said on Tuesday. Workers in the mine's largest union last week rejected an offer for a new labor... 

Eco Oro pursues $764m suit against Colombia as Angostura project postures to perish

By: Henry Lazenby     20th March 2018 Junior project developer Eco Oro Minerals is pursuing a $764-million judgement against Colombia after a court ruling has cancelled exploration over half its concession as part of national efforts to preserve high-altitude wetlands, known as the Páramos. The Vancouver-headquartered company has... 

Eco Oro pursues $764m suit against Colombia as Angostura project postures to perish
Photo by Eco Oro Minerals
Angostura project, Colombia

Capstone reports Cozamin fatality

By: Henry Lazenby     20th March 2018 Operations at Canadian base metals miner Capstone Mining’s Mexico-based Cozamin mine were temporarily suspended on Sunday, after an electrician lost his life while working on an underground voltage regulator. The worker was immediately transported to a hospital in Zacatecas state, where he later... 

Civil society organisations oppose coal IPP generation licence applications

By: Simone Liedtke     20th March 2018 Civil society organisations will use next week’s public hearings into the generation licence applications for the Thabametsi and Khanyisa power station projects to raise their objections to the new coal-fired power stations that private developers plan to build in Limpopo and Mpumalanga. The Life... 

BlueRock raises £500 000 to expand mining activities

By: Marleny Arnoldi     20th March 2018 Aim-listed BlueRock Diamonds has raised about £500 000, before expenses, through the issue of 33.33-million shares of 1p each.  

Pallinghurst shifts focus to gemstones; Frandsen, Willis to manage Sedibelo interest

By: Marleny Arnoldi     20th March 2018 Its decreasing exposure to steelmaking materials, is prompting natural resources investment company Pallinghurst Resources to focus on coloured gemstones and the company plans to change its name to Gemfields Group, pending shareholder approval. 

Pallinghurst shifts focus to gemstones; Frandsen, Willis to manage Sedibelo interest
Pallinghurst Resources shifts focus to coloured gemstones

Chinese control of cobalt supply risk for EU car industry – Glencore

By: Reuters     20th March 2018 Glencore chief executive Ivan Glasenberg said that the automotive industry is waking up too late to the fact that the Chinese will hold most of the world's global cobalt supply, a key metal for electric vehicle (EV) batteries. "If cobalt falls in hands of the Chinese, yeah you won't see EVs being... 

Rio Tinto fears impact of trade war concerns despite tariff exemptions

By: Reuters     20th March 2018 Global miner Rio Tinto sees fears of a trade war between the US and China weighing on its shares, even after the company won an exemption from US tariffs for its Canadian aluminium exports. Nearly a third of all aluminium consumed by the US is supplied by Rio Tinto from Canada. 

Katoro suspends Imweru feasibility work as it assesses project’s economic viability

By: Anine Kilian     20th March 2018 Aim-listed Katoro Gold is assessing the economic viability of its Tanzania-based Imweru gold project, based on the results of a prefeasibility study and the new mining legislation and regulations being implemented in Tanzania.   The company said in a statement on Tuesday that an integral part of... 

Investec amends Buffalo Coal term loan, revolving credit facility

By: Simone Liedtke     20th March 2018 Coal miner Buffalo Coal Dundee, a wholly-owned subsidiary of TSX-V- and AltX-listed Buffalo Coal, has entered into an amendment to its term loan and revolving credit facility with Investec Bank. Pursuant to the amendment, the working capital facility under the Investec facility was increased by... 

Geographical diversification bodes well for South Africa’s Master Drilling

By: Simone Liedtke     20th March 2018 South Africa-based raisebore driller Master Drilling’s expansion into new markets, particularly its recent entry into India and Australia, should stand it in good stead to benefit from a global uptick in the commodity cycle. The JSE-listed company in November announced its entry into the Indian... 

Mantashe not intent on scrapping Mining Charter 3

By: Anine Kilian     20th March 2018 Mineral Resources Minister Gwede Mantashe on Tuesday stressed the importance of tackling key aspects of the third iteration of the Mining Charter (Mining Charter 3) with urgency and speed. Addressing media at a press briefing, in Pretoria, he said government was not going to start the Mining... 

Mantashe not intent on scrapping Mining Charter 3
Mineral Resources Minister Gwede Mantashe

Polyus adds new metal, more gold to shake 'Russian discount'

By: Bloomberg     20th March 2018 Polyus is targeting more than just gold to help challenge the “Russian discount” it says is tainting its share price. The Russian precious metals miner plans to sell shares on the market and boost gold production, which could vault it into the top five biggest miners in the world as early as... 

Polyus adds new metal, more gold to shake 'Russian discount'
Polyus CEO Pavel Grachev

Zambia targets 1Mt of copper output this year

By: Reuters     20th March 2018 Zambia expects to produce more than one-million tonnes of copper this year after revising its 2017 copper production upwards on the back of stable power supply, a senior ministry of mines official said on Tuesday. Rising copper prices were also expected to boost revenue collection in Africa's... 

Strategic Minerals updates Cornwall tin project resource

By: Creamer Media Reporter      20th March 2018 The inferred mineral resource of the Redmoor tin/tungsten project, in the UK, has increased to 4.5-million tonnes, at 1% tin-equivalent, Aim-listed Strategic Minerals reported on Tuesday. The update, established by mining consultancy SRK Consulting, is nearly double the previously reported... 

Amur to position Russia project as ready source for EV battery market

By: Mariaan Webb     20th March 2018 London-listed Amur Metals is gearing up for an aggressive marketing programme in large nickel consuming nations China, Korea and Japan, as the Kun-Manie nickel sulphide project, in the far east of Russia, is shaping up to be potentially a ready source for the electric vehicle (EV) battery... 

Amur to position Russia project as ready source for EV battery market

China iron-ore, steel extends losses as lofty China inventories weigh

By: Reuters     20th March 2018 Chinese iron-ore prices fell further on Tuesday, a day after posting their biggest daily drop in almost ten months as high inventories and a weak domestic steel market pressure prices. Near-term inventory risks have dampened the outlook for steel and iron-ore prices short term, Argonaut said in a... 

Finders says shareholders should reconsider Eastern Field bid

By: Esmarie Swanepoel     20th March 2018 The directors of takeover target Finders Resources have advised shareholders to consider accepting the offer from suitor Eastern Field Development, after that company obtained a more than 60% interest in the ASX-listed company. Finders told shareholders that while the independent directors of... 

Popular Articles This Week


Other Popular Articles

Company Post


Services News

Consulting Engineers

Contract mining

Crushing and Screening

Drilling and Tunnelling


Energy Services


Furnaces and Kilns

Material Handling




Latest Videos

ARM's Motsepe predicts successful charter, land outcomes

New platform to help resolve cross border mining services constraints

Resources Watch

S African foundry aims to expand footprint in North America

Innovation, digitalisation taking center stage

Coal, rapid loadout projects under construction - Exxaro

Coal miner Exxaro declares innovation an imperative

Exxaro negotiating new business opportunities beyond mining


Press Office


RSS Feed


Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


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


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Free daily email newsletter Register Now