http://www.miningweekly.com

Global Mining News in real time

Close

Email me daily news

Email address

Barrick Gold misses Q1 earnings forecast, to sell Chile copper mine

By: Henry Lazenby The world’s largest gold producer by output Barrick Gold has missed Wall Street analyst’s average first-quarter earnings forecast, as lower metals prices and lower sales impacted the bottom line. For the three months ended March 31, TSX- and NYSE-listed Barrick reported net earnings of... 

Barrick Gold misses Q1 earnings forecast, to sell Chile copper mine

Mongolia signals it will not pay $100m to Canadian miner

By: Reuters Mongolia signalled on Monday it will not abide by an international tribunal's order to pay more than $100-million to Canadian uranium explorer Khan Resources. A decision not to pay the sum, awarded to Khan in a incensing dispute, could set back efforts by the government of the landlocked Asian... 

Mongolia signals it will not pay $100m to Canadian miner

Eastmain 'pleased as punch' on 2nd highest project grade in N America

By: Henry Lazenby An updated mineral resources statement for TSX-listed Eastmain Resources’ Eau Claire gold deposit, part of the Clearwater project, in the James Bay region of Quebec, had increased the compliant measured resources by 53% and confirmed the project as the second highest-grade exploration project in... 

Eastmain 'pleased as punch' on 2nd highest project grade in N America
Photo by Eastmain Resources
Visible gold at Eau Claire, Quebec.

Greek court gives boost to Eldorado gold mine development plans

By: Reuters Greece's top administrative court on Monday rejected a 2013 decision by local authorities in northern Greece which had blocked Eldorado Gold's plans to build a processing plant in the area, court officials said. Canadian miner Eldorado has spent about $400-million at a gold mine in Skouries in... 

Rusal to start aluminium output at Russian project by June – CEO

By: Reuters Top aluminium producer United Company Rusal will start producing metal at its Boguchansk project, in Russia, by June and will ramp up output over the following year depending on demand, the company's chief executive said on Monday. Weak aluminium prices are forcing many producers to curtail... 

Rusal to start aluminium output at Russian project by June – CEO

Creamer Media publishes Iron-Ore 2015: A review of the iron-ore sector electronic research report

     Updated 5 hours ago Creamer Media’s Iron-Ore 2015 report provides an overview of the global iron-ore market, with particular reference to pricing, supply and demand, as well as the trade in iron-ore. It provides information on not only the major mergers and acquisitions, and the trade of iron-ore in the sector, but... 

Creamer Media publishes Iron-Ore 2015: A review of the iron-ore sector electronic research report

Creamer Media publishes African Mining Roundup for April 2015 research report

This month’s report includes details of ASX-listed South Boulder Mines’ prefeasibility study on the Colluli potash project, Eritrea; platinum development company Wesizwe Platinum’s intersection of the secondary upper group two reef at the main shaft of its Bakubung mine, on the western limb of... 

Creamer Media publishes African Mining Roundup for April 2015 research report

Creamer Media publishes Steel 2015: A review of South Africa's steel sector research report

By: Creamer Media Reporter Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon steel and stainless steel... 

Creamer Media publishes Steel 2015: A review of South Africa's steel sector research report

Construction advancing at Zim tungsten mine

By: Megan van Wyngaardt     Updated 41 minutes ago The fabrication of the process plant for Aim-listed Premier African Minerals’ 49%-owned RHA tungsten project, in Zimbabwe, is expected to be completed by the end of May. The majority of the plant components had been delivered to Appropriate Process Technologies (APT), in Johannesburg, with the... 

Construction advancing at Zim tungsten mine

Petmin’s Somkhele mine continues solid performance

By: Megan van Wyngaardt     Updated 43 minutes ago Coal and iron-ore miner Petmin on Tuesday noted that the solid performance at its Somkhele metallurgical anthracite mine continued for the nine months to March 31, with the mine having produced one-milion tonnes of anthracite, a 23% increase from the 827 983 t produced in the comparative period... 

Stoppages, plant failure narrow Sylvania’s Q3 output

By: Natalie Greve     Updated 1 hour 23 minutes ago Lower platinum group metals (PGM) feed tons related to several plant interruptions and lower PGM plant feed grades have dented Sylvania Platinum’s production for the quarter ended March 31 by 13%, narrowing output from the company’s production and development operations in the Bushveld region of... 

Tongon mine on track to achieve 2015 targets

By: Natalie Greve     Updated 1 hour 25 minutes ago Randgold Resources’ Tongon gold mine, in Côte d’Ivoire, remains on track to achieve its yearly production and cost guidance, following a year in which its management made significant progress in dealing with the recovery and throughput challenges that had hampered the operation in its early... 

Australia keeps $60/t iron-ore forecast despite price jump

By: Reuters     Updated 1 hour 30 minutes ago Australia on Tuesday downplayed the chances of a strong recovery in iron ore prices, sticking with an earlier forecast of $60 for 2015 despite a 25% recovery in the market price this month. Shares of smaller iron ore miners have surged in recent weeks after the spot iron ore price rebounded from... 

Glencore spends $114m on corporate social initiatives

By: Martin Creamer     Updated 1 hour 35 minutes ago Diversified mining and marketing company Glencore spent $114-million on corporate social initiatives last year, representing 2.2% of group profit before tax, the company said on Tuesday. The 181 000-employee, 50-country Glencore, headed by CEO Ivan Glasenberg, said the investment helped to meet... 

Glencore spends $114m on corporate social initiatives
Photo by Duane Daws
Ivan Glasenberg

Alacer expects sulphide plant to boost Çöpler production

By: Esmarie Swanepoel     Updated 1 hour 53 minutes ago Dual-listed gold miner Alacer Gold has increased the production expectations from its flagship Çöpler mine, in Turkey, from between 180 000 oz and 200 000 oz, to between 190 000 oz and 210 000 oz. The higher production would result from an increase in oxide production between 2015 and 2019, as... 

Alacer expects sulphide plant to boost Çöpler production

FIMI falls in line with govt auction plans

By: Ajoy K Das     Updated 2 hours 11 minutes ago After opposing mineral resource allocation through auctions, the Federation of Indian Mineral Industries (FIMI) has accepted it as a fait accompli, assuring the government of its co-operation. In a communication to the Secretary for the Mines Ministry, Anup Pujari, FIMI said, “we would like to... 

CIL hunts for technical partners to develop underground mines

By: Ajoy K Das     Updated 2 hours 19 minutes ago Major producer Coal India Limited (CIL) will seek help from external domestic and foreign miners to develop underground mines requiring high-grade technology. According to an official in the Coal Ministry, CIL has identified a string of underground mines wherein production had either fallen to... 

Kintyre uranium project receives federal environmental approval

By: Esmarie Swanepoel     Updated 2 hours 26 minutes ago he Minerals Council of Australia (MCA) has welcomed federal Environment Minister Greg Hunt’s decision to approve the development of the Kintyre uranium project, in the Pilbara. The project, which Cameco and Mitsubishi Development are jointly developing, was approved for development at the end of... 

Straits bumps copper expectations

By: Esmarie Swanepoel     Updated 2 hours 29 minutes ago Following record production during the March quarter, copper miner Straits Resources has upped its output expectations for the full year, from 27 000 t to 28 500 t. During the three months under review, the Tritton copper mine, in New South Wales, produced a record 8 352 t of copper. This was up... 

Beach Energy revises FY guidance on lower March quarter output

By: Esmarie Swanepoel     Updated 2 hours 43 minutes ago ASX-listed Beach Energy has reported declines in production and sales during the quarter ended March, with natural oil field declines and weather delays affecting output. Beach told shareholders on Tuesday that production for the quarter declined by 11% on the previous quarter, to 2.1-million... 

South Africans return to Kenmare’s Moma mine

By: Megan van Wyngaardt     Updated 2 hours 49 minutes ago The 62 South Africans working at mineral sands producer Kenmare Resource’s Moma mine, in Mozambique, have returned to work. The workers were last week temporarily repatriated as a precautionary measure, owing to unrest and attacks against foreign nationals working in South Africa, which had led... 

Aditya Birla reveals Nifty damage

By: Esmarie Swanepoel     Updated 2 hours 52 minutes ago Copper miner Aditya Birla this week announced that the 2014 sinkhole, which halted production from its Nifty operation, in Western Australia, had wiped some 6.6-million tonnes of mineral resource from the project’s total resource. Mining operations were suspended in March last year following the... 

South Boulder shakes tin for potash studies

By: Esmarie Swanepoel     Updated 2 hours 54 minutes ago Potash developer South Boulder Mines was hoping to raise some A$6-million through a share placement and rights issue to fund the completion of its definitive feasibility study for the Colluli potash project, in Eritrea. South Boulder on Tuesday announced that it would place about 10.97-million... 

Medusa maintains full-year guidance

By: Esmarie Swanepoel     Updated 2 hours 57 minutes ago Gold miner Medusa has maintained its full year production expectations despite reporting a slight drop in production during the three months to March. During the quarter ended March, the ASX-listed miner produced 23 940 oz of gold from its Co-O mine, in the Philippines, compared with the 26 859... 

Aquarius mines exceed Q3 production guidance

By: Natalie Greve     Updated 3 hours ago Exceeding their production guidance for the three months ended March 31, Aquarius Platinum’s Mimosa mine, in Zimbabwe, and Kroondal mine, in South Africa, delivered 57 391 oz and 107 089 oz respectively of platinum-group metals (PGMs) for the quarter, while containing cost increases below... 

Aquarius mines exceed Q3 production guidance

Zimbabwe beats Q1 tax target but company tax, mining royalties fall

By: Reuters     Updated 4 hours ago Zimbabwe's tax collections were five% above target at $897-million during the first quarter of this year but revenue from companies and mining royalties fell, the head of the national tax agency said on Sunday. Zimbabwe finances its entire budget from taxes because lenders like the International... 

Zimbabwe beats Q1 tax target but company tax, mining royalties fall

UAE's Dubal Holding looks into buying stakes in energy projects

By: Reuters Dubal Holding, the holding company for Dubai's stake in Emirates Global Aluminium and other assets, is considering possible acquisitions in local and international energy projects, it said on Monday. The firm was looking for equity interests related to coal, solar, gas, and other alternative... 

UAE's Dubal Holding looks into buying stakes in energy projects

Vale taps Barclays to advise on Australian asset sale – sources

By: Reuters Brazil's Vale has chosen Barclays to advise it on the sale of some or all of its Australian coal assets, two people close to the situation said on Monday, as the company looks to raise money to ride out the commodities rout. 

U3O8 Corp forms local partnership on concessions next to Argentina project

By: Henry Lazenby Canadian uranium explorer U3O8 Corp has signed an exploration agreement with the provincial petroleum and mining company of Chubut province, in Argentina, which will allow it to explore properties located next to its Laguna Salada uranium deposit. Should it succeed to define resources on the... 

Southern Copper reports lower Q1 profit as river spill clean-up costs mount

By: Henry Lazenby Mexican mining giant Grupo Mexico subsidiary Southern Copper has reported a 12.7% slide in profit for the three months ended March 31, as expenses related to the Sonora river spill last year impacted the bottom line. The NYSE- and BVL-listed miner reported net income of $282.4-million, which was... 

Southern Copper reports lower Q1 profit as river spill clean-up costs mount

Peru says it could ask for changes to Southern Copper project amid protests

By: Reuters Peru's energy and mines minister said on Friday the government could ask Southern Copper to make further changes to its $1.4-billion Tia Maria project if needed after protests by farmers turned deadly this week. Rosa Maria Ortiz said the government was focused on restarting talks with opponents... 

Energy adviser slams Eskom 

By: Kim Cloete South African mining and energy adviser Ted Blom has raised a litany of concerns about the state of power utility Eskom and has warned of runaway costs and shortfalls in coal and water, as well as rail capacity. Blom was surprised by the recent buoyancy shown by Eskom acting CEO Brian Molefe, who... 

Energy adviser slams Eskom

Drilling kicks off at Burkina Faso gold project

By: Natasha Odendaal Canadian exploration company Savary Gold has started a 15 000 m drill programme at its Karankasso project, in Burkina Faso. The project was a joint venture between Savary and West Africa-focused gold explorer Sarama Resources. 

Zambia's 2015 fiscal deficit to exceed 4.6% of GDP – official

By: Reuters Zambia's fiscal deficit will exceed the targeted 4.6% of gross domestic product in 2015 due to weaker copper prices and changes to the mining tax regime, a senior Treasury official said on Friday. Mike Masiye, the director of budget in the ministry of finance, said copper prices had collapsed to... 

China plans new commodity superhighway, altering energy trade flow

By: Ilan Solomons China’s Go West strategy of encouraging coastal to inland flow of capital and people will result in the formation of a new commodity superhighway, says advisory firm Wood Mackenzie (Woodmac). This new superhighway will impact the energy trade flows within China and externally, through the new... 

China plans new commodity superhighway, altering energy trade flow
SUPERHIGHWAY The new superhighway will impact the energy trade flows within China and externally through the new Silk Road routes

Weak commodity outlook puts revenue diversification at top of Gama’s Transnet agenda

By: Terence Creamer Acting Transnet CEO Siyabonga Gama, who was appointed to the position following the surprise secondment of Brian Molefe to Eskom, has placed revenue diversification at the top of his list of immediate priorities, with the weak commodity outlook seen as having the potential to undermine the... 

 Weak commodity outlook puts revenue diversification at top of Gama’s Transnet agenda
Photo by Duane Daws
Acting Transnet CEO Siyabonga Gama

Popular Articles This Week

more

Other Popular Articles


Latest Videos

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
R/€ = 13.14Change: -0.15
R/$ = 12.05Change: -0.20
Au 1200.03 $/ozChange: -6.12
Pt 1139.50 $/ozChange: -16.00
 
Subscribe Now for $96
Subscribe Now for $96 Close