http://www.miningweekly.com
Au 1269.43 $/oz Change: 1.33
Pt 878.00 $/oz Change: 13.83
 
Close

Email me free daily news

Email address

Lithium Americas sees strong potential for US project

By: Mariaan Webb     22nd June 2018 Dual-listed Lithium Americas will rapidly develop its large-scale lithium project in northern Nevada, as it moves to become the leading source of lithium production in the US, the company said on Thursday, announcing the outcomes of a preliminary feasibility study (PFS) for the Thacker Pass... 

Lithium Americas sees strong potential for US project

Cashed-up bargain hunter SSR is on the prowl for next gold mine

By: Bloomberg     22nd June 2018 Flush with cash and armed with a knack for spotting mines producing below their potential, SSR Mining is on the hunt for more assets. “We want to continue to grow, no question,” John DeCooman, VP of strategy and business development, said in an interview Wednesday. “We’ll continue to look for... 

Cashed-up bargain hunter SSR is on the prowl for next gold mine

Indian State-owned firms mandated to acquire overseas lithium and cobalt assets

By: Ajoy K Das     22nd June 2018 The Indian government has mandated all State-owned mineral-based companies to pool their resources to acquire lithium and cobalt assets overseas. A rough deadline of March 2019 has been set for these companies to complete all formalities, such as leveraging their balance sheets jointly, form... 

Top Dalradian shareholder supports Orion Mine takeover offer

By: Reuters     22nd June 2018 M&G Investment Management, the biggest shareholder in Dalradian Resources, said on Thursday it was supportive of a friendly cash takeover offer for Dalradian from private equity group Orion Mine Finance. The C$1.47 a share offer is fair, Jamie Horvat, director of global equities at M&G, told... 

Turkey revokes Westwater’s uranium project licences

By: Creamer Media Reporter      22nd June 2018 Nasdaq-listed Westwater Resources on Friday announced that the Turkey government had revoked the mining and exploration licences of its Temrezli and Sefaatli uranium projects. The exploration and development company said that it was investigating the legality of the development and that it had... 

Copper mine planned for Utah National Monument shrunk by Trump

By: Bloomberg     21st June 2018 The red sandstone vistas in Utah’s Grand Staircase-Escalante National Monument may soon be criss-crossed with dump trucks after a Canadian mining company announced plans to begin operations on land cut from federal protection by President Donald Trump. Vancouver-based Glacier Lake Resources... 

Trump vows to open Minnesota's Superior National Forest to mines

By: Bloomberg     21st June 2018 President Donald Trump vowed to open large swaths of lands in Minnesota’s remote Superior National Forest to mining, a move that could benefit a copper-nickel mine being pursued by Antofagasta subsidiary Twin Metals Minnesota. Speaking at a rally in Duluth, Minnesota, on Wednesday, Trump said... 

Ghana approves Gold Fields, Asanko JV

By: Anine Kilian     22nd June 2018 The Ghanaian government has granted regulatory approval for the completion of Gold Fields’ joint venture (JV) with Canada-based Asanko Gold. Gold Fields and Asanko announced in March that the JSE-listed major would buy a 45% interest in the Asanko gold mine (AGM), in Ghana, for $185-million. 

More boardroom diversity means less in C-suite, Lucara CEO says

By: Bloomberg     21st June 2018 The push by mining companies to attract more women to their boardrooms may be short-sighted as top female candidates are diverted from senior executive jobs, according to the head of Lucara Diamond Corp. “There’s such a push for diversity on boards, and young women are really being encouraged to... 

More boardroom diversity means less in C-suite, Lucara CEO says
Lucara CEO Eira Thomas

$14m Sprott loan to reboot Alderon’s Kami project

By: Creamer Media Reporter      21st June 2018 TSX-listed Alderon Iron Ore has entered into an agreement with Sprott Resource Lending for a $14-million loan facility, which will provide the junior with sufficient funds to repay a loan due to Liberty Metals and Mining and provide additional runway to reboot the Rose deposit of the... 

$14m Sprott loan to reboot Alderon’s Kami project
The Kami project in western Labrador.

Bunker Hill initiates technical report; plans TSX listing

By: Creamer Media Reporter      21st June 2018 Bunker Hill Mining Corporation, which is gearing up to reopen the historic Bunker Hill mine in Idaho’s Coeur D'Alene zinc, lead and silver mining district, has started work on a technical report, which it will use to apply for a listing on the TSX. The NI 43-101 technical report on the Bunker... 

Semafo appoints new exploration VP

By: Anine Kilian     22nd June 2018 Richard Roy has been appointed VP of exploration at TSX-listed Semafo, effective July 1. He succeeds outgoing VP of exploration and geology and qualified person Michel Crevier, who will step down on June 30, but remain available to the corporation on a consulting basis. 

PTM’s continued listing plan accepted by the NYSE

By: Anine Kilian     22nd June 2018 The NYSE has accepted Platinum Group Metals’ (PTM’s) plan to regain compliance with the continued listing requirements of the stock exchange. The company is not currently in compliance with NYSE listing standards, but its listing is being continued pursuant to an exception. 

Vast one step closer to final approval for Baita Plai

By: Mariaan Webb     22nd June 2018 Aim-listed mining company Vast Resources could start mining a 1.8-million-tonne-orebody in Romania in the near future, with the company only one regulatory step away from final approval for the Baita Plai polymetallic mine. Vast said Minister of Economy had approved the association licence... 

Vast one step closer to final approval for Baita Plai
The Baita Plai tailings dam

Tri-Star raises cash to invest in Oman antimony project

By: Mariaan Webb     22nd June 2018 London-listed Tri-Star has announced a placing to raise £13-million, the proceeds of which mainly will be used to meet its share of additional investment in its Oman antimony and gold processing joint venture (JV). Tri-Star, which owns 40% of Strategic and Precious Metals Processing (SPMP), said... 

BlueRock resumes production at Kareevlei

By: Creamer Media Reporter      22nd June 2018 Aim-listed BlueRock Diamonds has resumed production at its Kareevlei mine, in Kimberley. The company had reported earlier this month that a fault had been identified in the cone crusher within the crushing circuit at the mine, which was negatively affecting throughput. 

IRR says Mining Charter still flawed

By: African News Agency      22nd June 2018 South Africa's latest Mining Charter is better than the previous document but is still "profoundly flawed" and a continuing choke on investment, the Institute of Race Relations (IRR) said on Friday. The government last week gazetted the draft charter after abandoning implementation of one last... 

New draft Mining Charter better than ‘disaster’ it is replacing – Mohale

By: Nadine James     22nd June 2018 The latest draft of the third Mining Charter is not perfect, but it is better than the “disaster” it is replacing, Business Leadership South Africa CEO Bonang Mohale told attendees at the African Mining Network event on Thursday evening. He explained that the previous draft, which was... 

New draft Mining Charter better than ‘disaster’ it is replacing – Mohale
BLSA CEO Bonang Mohale

Stonewall plans for 2019 restart of production at Pilgrims Rest project

By: Nadine James     22nd June 2018 ASX-listed Stonewall Resources’ Pilgrims Rest gold project, in Mpumalanga, is expected to start production towards the end of 2019. Stonewall Mining South Africa CEO George Jenkins told African Mining Network attendees on Thursday evening that the company is converting its mining permits to... 

Ghana Parliament ratifies AngloGold’s Obuasi agreements

By: Anine Kilian     22nd June 2018 Ghana’s Parliament has ratified regulatory and fiscal agreements that cover the redevelopment of AngloGold Ashanti’s Obuasi gold mine into a modern, productive mining operation. The ratification, on Thursday, of the development agreement, together with the tax concession agreement, is an... 

Financing of ZTK transmission line to benefit Rukwa project – Edenville

By: Anine Kilian     22nd June 2018 Aim-listed Edenville Energy believes the approval by the World Bank of $455-million in funding for the development of the Zambia–Tanzania–Kenya (ZTK) power transmission line, will benefit its Rukwa project.  The funding will allow for the construction of high-voltage power infrastructure, which... 

First Quantum says competitiveness key to Zambia copper production

By: African News Agency      22nd June 2018 Global metals and mining company First Quantum has urged Zambia to ensure competitiveness and stability in the sector in order to attract foreign direct investment and regain its slot as Africa's largest copper producer. Essential to this is a competitive electricity tariff structure that... 

Kibo sells nickel subsidiary to Katoro as it focuses on energy sector

By: Marleny Arnoldi     22nd June 2018 Aim-listed Kibo Mining has sold its Kibo Nickel subsidiary to Aim-listed Katoro Gold for 15.34-million shares valued at about £200 000.  

West African updates Sanbrado feasibility study

By: Esmarie Swanepoel     22nd June 2018 An updated feasibility study (FS) into the Sanbrado gold project, in Burkina Faso, has increased the project’s production expectations and the mine life, owner West African Resources reported on Friday. Sanbrado is expected to produce an average of 211 000 oz/y of gold over the first five years... 

Board spill a delaying tactic to repay A$1m – Empire

By: Esmarie Swanepoel     22nd June 2018 The directors of gold junior Empire Resources have urged shareholders to vote against a proposed board spill at the company’s general meeting on July 24, saying that the requisition is a delaying tactic by parties owning the company A$1.02-million. The Supreme Court of Western Australia earlier... 

Qld mining jobs on the rise

By: Esmarie Swanepoel     22nd June 2018 New data by the Australian Bureau of Statistics (ABS) has shown that the Queensland resources industry created more than 8 400 additional jobs over the last 12 months. The Queensland Resources Council (QRC) said that the latest ABS labour force data reaffirmed the resources sector was a key... 

Thiess wins A$225m Nickel West contract

By: Esmarie Swanepoel     22nd June 2018 ASX-listed Cimic’s mining services provider Thiess has been awarded a A$225-million contract at the Rocky’s Reward nickel mine, in Western Australia. The 34-month contract with the Nickel West division of mining major BHP, incorporated a further cutback at the Rocky’s Reward pit and works at a... 

Victoria reveals changes to EPA

By: Esmarie Swanepoel     22nd June 2018 Victorian Environment Minister Lily D’Ambrosio has introduced the Environment Protection Amendment Bill 2018 into Parliament, which will give the Environment Protection Authority (EPA) the powers and tools it needs to stop pollution. The Bill was part of the Victorian government’s A$180-million... 

Beadell terminates Tucano contract

By: Esmarie Swanepoel     22nd June 2018 Gold miner Beadell Resources and contract miner MACA have mutually terminated the openpit mining contract for the Tucano gold mine, in Brazil Beadell said on Friday that MACA and its Brazilian subsidiaries will cease mining services immediately, with mining at Tucano to be conducted by a... 

AEMO sees no gas supply gaps to 2030

By: Esmarie Swanepoel     22nd June 2018 The latest Gas Statement of Opportunities (GSOO) by the Australian Energy Market Operator (AEMO) has found that market intervention, new supply and lower demand have avoided a potential energy shortfall. The AEMO in late 2017, warned of a substantial shortfall in gas for the east coast of... 

AEMO sees no gas supply gaps to 2030

Wescoal expects up to 320% increase in FY18 headline earnings a share

By: Marleny Arnoldi     22nd June 2018 Coal miner Wescoal expects to report headline earnings a share of between 45.5c and 47.5c for the financial year ended March 31, which is an increase of between 303% and 320% on the 11.3c reported for the prior financial year  

China continues to encourage foreign mining investment

By: Rebecca Campbell     22nd June 2018 In early April the People’s Republic of China established a new Ministry, that of Natural Resources (MNR). The creation of the new Ministry was part of a programme to restructure the country’s State Council (Cabinet). The MNR took over all the responsibilities of the previous (and now... 

China continues to encourage foreign mining investment

Mining Weekly iPhone and Android Apps available for free download 

22nd June 2018 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

Kibo completes maiden Samrec-compliant resource for Mabesekwa

By: Anine Kilian     21st June 2018 Aim-listed Kibo Mining on Thursday reported a maiden South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves-compliant resource of 302.9-million tonnes at its 85%-owned Mabesekwa Coal Independent Power Project (MCIPP), in Botswana. Feasibility studies... 

Mining Charter’s free-carried interest requirement worries industry

By: Anine Kilian     21st June 2018 Although changes have been made to certain sections of the latest draft of the third Mining Charter, some mining industry participants believe the charter will not benefit the industry. Unpacking the proposed ownership requirements for new mining rights as set out in the draft charter, in... 

First Quantum and Lumina make Ecuador earn-in formal

By: Creamer Media Reporter      21st June 2018 Copper miner First Quantum Minerals (FQM) has signed a formal earn-in agreement with Vancouver-based junior Lumina Gold to earn into the Orquideas and Cascas gold/copper concessions in Ecuador. In terms of the previously announced five-year agreement, FQM has committed to contribute $1.5-million... 

Trans Hex posts R187m loss for FY18

By: Nadine James     21st June 2018 JSE-listed diamond miner Trans Hex on Thursday reported a R186.8-million loss for the financial year ended March 31, 2018, with its loss a share amounting to 175.6c and its headline loss a share to 216.5c. The group’s net loss from discontinued operations, including retrenchment costs of... 

Resources Watch 

21st June 2018 De Beers concludes R600m transport empowerment deal at Venetia diamond mine And, Mandela Mining Precinct partner boasts simulation capabilities, serves as ‘test-bed’ for Mining 4.0 technologies 

Resources Watch

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

Resources Watch

Mining charter, illegal mining, FDI in the spotlight

Samcodes, malaria, beneficiation make headlines

Resources Watch

Unpacking the Junior Indaba

De Beers concludes R600m transport empowerment deal at Venetia diamond mine

Eskom to approach courts to have Nersa’s 5.23% tariff decision set aside

Mandela Mining Precinct partner boasts simulation capabilities, serves as ‘test-bed’ for Mining 4.0 technologies

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
Close