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Supervisers at Codelco mine in Chile reject labor offer, strike looms

By: Reuters     Updated 2 hours 50 minutes ago The union of supervisors at state miner Codelco's Gabriela Mistral mine in northern Chile has rejected the company's final offer for a new collective labor agreement, raising the specter of a strike in the coming days, the union president told Reuters on Tuesday. The union said Codelco, the... 

Supervisers at Codelco mine in Chile reject labor offer, strike looms

There's a golden shelter from recession risks at these mines

By: Bloomberg     Updated 7 hours ago There’s a better potential haven than gold for investors spooked by the risk of a recession this year – mid-sized producers who’ve outperformed both bullion and the rest of the mining industry. Companies including Canada’s Kirkland Lake Gold and Australia’s Northern Star Resources have scope to... 

New fuel cell vehicle technology uses cobalt 

By: Martin Creamer     Updated 3 hours ago A promising new fuel cell technology, which uses a cobalt-based catalyst, mirrors the world’s current ‘well-to-wheel’ refuelling ecosystem in being designed to allow motorists to call at conventional petrol stations to fill up with the liquid fuel from which hydrogen is extracted and then... 

New fuel cell vehicle technology uses cobalt
Photo by Electriq-Global
Car that uses fuel consisting of mainly water converted into hydrogen and then electricity.

Iron-ore train derailment, copper outages hit BHP bottom line

By: Esmarie Iannucci     22nd January 2019 Mining major BHP on Tuesday reported that its bottom-line has been hit with some $600-million following a train derailment at its Western Australian iron-ore operations in November, and other ‘unplanned’ production outages at its Olympic Dam and Spence operations. BHP told shareholders that... 

Iron-ore train derailment, copper outages hit BHP bottom line

AMCU threatens to extend strike at Sibanye-Stillwater's platinum mine

By: Reuters     Updated 4 hours ago Association of Mineworkers and Construction Union (AMCU) will extend a one-day strike at Sibanye-Stillwater's platinum mine if the firm does not return to the negotiating table, its president said on Tuesday. Joseph Mathunjwa made the remarks outside South Africa's Mineral Council in... 

Barrick announces FY production results

By: Mariaan Webb     22nd January 2019 NYSE- and TSX-listed Barrick Gold has met its production target for 2018, producing 4.53-million ounces of gold, 1.26-million ounces of which were produced in the final quarter of the year. Although the production performance was in line with its 4.5-million to 5-million guidance for 2018, it... 

Barrick announces FY production results

Eldorado beats guidance, on track for Q1 Lamaque commercial production

By: Marleny Arnoldi     22nd January 2019 TSX- and NYSE-listed Eldorado Gold exceeded 2018 production guidance, producing 349 147 oz of gold. The target was set at between 290 000 oz and 330 000 oz. Eldorado produced 292 971 oz in 2017.  

Maricunga could start producing lithium in 2023

By: Esmarie Iannucci     22nd January 2019 A definitive feasibility study (DFS) for the Maricunga lithium brine project, in Chile, has estimated that a capital investment of $456-million would be required to develop a 20 000 t/y lithium carbonate equivalent (LCE) project with a mine life of 20-years. ASX-listed Lithium Power... 

Jervois to acquire M2 Cobalt to propel its East African ambitions

By: Marleny Arnoldi     22nd January 2019 ASX-listed Jervois Mining will acquire TSX-V-listed M2 Cobalt as it seeks to gain a foothold in East Africa. Under the terms of the agreement, each common share of M2 will be exchanged for one common share of Jervois. This represents an implied offer price of C$0.262 apiece, based on the closing... 

Roxgold ups 2019 guidance on back of strong 2018 gold production

By: Marleny Arnoldi     Updated 7 hours ago TSX-listed Roxgold expects to produce between 145 000 oz and 155 000 oz gold in 2019, at an all-in sustaining cost of between $765oz and $795/oz. The company produced 132 656 oz in 2018, exceeding its revised guidance of between 120 000 oz and 130 000 oz.  

Leagold sets 2019 guidance at up to 420 000 oz

By: Tasneem Bulbulia     Updated 6 hours ago Canadian junior Leagold Mining has set a production target for 2019 of between 380 000 oz and 420 000 oz, at an all-in sustaining cost (AISC) of between $920/oz and $970/oz. This guidance range incorporates the company’s first full year of contributions from the three mines in Brazil that it... 

Perseus hits production targets

By: Esmarie Iannucci     22nd January 2019 Gold miner Perseus Mining has met its half-year and calendar year production targets, despite production in the three months to December falling, compared with the September quarter. Perseus on Tuesday reported that gold production in the three months to December reached 68 078 oz, which was... 

Drills turning at Yorbeau/Iamgold project

By: Mariaan Webb     Updated 7 hours ago Diamond drilling has started at the Rouyn property, which mid-tier miner Iamgold is funding through an option agreement with explorer Yorbeau Resources. The companies in December signed a definitive agreement, whereby Iamgold has the option to acquire a 100% interest in Yorbeau's Rouyn property... 

To meet climate goals, world urged to reuse natural resources

By: Reuters     22nd January 2019 More of the billions of tonnes of materials the world uses each year must be recycled and reused to keep climate change in check, researchers said on Tuesday. Only about a tenth of the nearly 93 billion tonnes of materials utilised annually - including minerals, metals, fossil fuels and biomass -... 

Canadian oil surge fails to lift producers out of the doldrums

By: Bloomberg     21st January 2019 Alberta’s crude curtailment plan has caused a dramatic rise in the price of heavy Canadian oil. But for shares of energy companies, it hasn’t been as much of a help. Since the production curtailment was unveiled early last month, Western Canadian Select crude has almost doubled to about $43 a... 

Canadian oil surge fails to lift producers out of the doldrums

Drill programme at Dangou area delivers promising results for Semafo

By: Simone Liedtke     21st January 2019 A fourth-quarter drill programme returned promising results from three sectors, including 19 m at 4.17 g/t gold from 42 m, at Canada-based mining company Semafo’s Dangou area, located northeast of the company’s Boungou mine, in Burkina Faso. A total of 5 210 m of drilling were completed in the... 

Stornoway announces two board appointments

By: Creamer Media Reporter      Updated 7 hours ago Quebec-based diamond miner Stornoway Diamonds has appointed Hubert Lacroix and Angelina Mehta to its board of directors. Lacroix has more than 30 years of experience in business and law and has expertise in corporate governance 

Mineworker killed in fall-of-ground incident at Harmony's Phakisa mine

By: Creamer Media Reporter      Updated 2 hours 11 minutes ago A mineworker at Harmony Phakisa's gold mine, in Welkom, was killed in a fall-of-ground incident on Tuesday. An investigation into the accident is under way. 

Guyana Goldfields sets meeting date to discuss Sheridan dissidents

By: Marleny Arnoldi     Updated 2 hours 18 minutes ago TSX-listed Guyana Goldfields will hold a special meeting of shareholders on May 22, alongside its yearly general meeting, to discuss matters related to its former chairperson Patrick Sheridan. A meeting was requisitioned by a group of dissident shareholders, led by Sheridan, who was... 

Champion Iron in exploration JV adjacent to Bloom Lake mine

By: Marleny Arnoldi     Updated 2 hours 27 minutes ago TSX- and ASX-listed Champion Iron has reached a one-year joint venture (JV) agreement with CSE-listed Supreme Metals to access claims located on the Bloom Lake East property, adjacent to Champion’s flagship asset – the Bloom Lake iron-ore mine, in Quebec. Supreme conducted magnetic survey work... 

Alacer says production to rise sharply this year

By: Tasneem Bulbulia     Updated 2 hours 30 minutes ago Low-cost gold producer Alacer Gold is targeting higher output in 2019, following a transitional year during which the company completed the construction of a sulphide plant at its Çöpler gold mine, in Turkey. The miner on Tuesday set its production guidance for 2019 at between 320 000 oz and 380... 

Sibanye considering AMCU memorandum 

By: Tasneem Bulbulia     Updated 2 hours 32 minutes ago Sibanye-Stillwater is considering the memorandum of demands submitted to the Minerals Council South Africa (MCSA) by the Association of Mineworkers and Construction Union (AMCU) on Tuesday. AMCU marched to the MCSA to submit the memorandum, while its members continue to strike at Sibanye’s gold... 

Parys Mountain optimisation study progresses

By: Tasneem Bulbulia     Updated 3 hours ago London-listed Anglesey Mining has noted progress of the optimisation study being carried out on its Parys Mountain copper, zinc, lead, gold and silver project, located on the island of Anglesey in North Wales. The optimisation study is being conducted under a project development and cooperation... 

Zimbabwe Lithium to start DMS plant construction by Q2

By: Marleny Arnoldi     Updated 3 hours ago Zimbabwe Lithium Company completed bulk testwork on tailings material from its Kamativi tailings project, in Zimbabwe, during the last quarter of 2018. The testwork was completed with the help of South African national mineral research organisation Mintek.  

Trans-Siberian hits production records

By: Tasneem Bulbulia     Updated 7 hours ago LSE-listed Russian miner Trans-Siberian Gold (TSG) has achieved quarterly and yearly gold production records at its Asacha gold mine, producing 13 069 oz in the December quarter, taking full-year output to 42 128 oz. The company indicated that its gold production would be between 40 000 oz and 44... 

AMCU march: Motorists warned to stay out of Joburg CBD

By: News24Wire      22nd January 2019 Motorists have been warned to avoid certain areas of the Johannesburg CBD on Tuesday morning, due to a march by the Association of Mineworkers and Construction Union (AMCU). According to JMPD spokesperson Wayne Minnaar, the march was due to start at 11:00 at the Westgate Transport Hub and move... 

Finders strikes $18m advance payment deal

By: Esmarie Iannucci     22nd January 2019 ASX-listed Finders Resources, through its subsidiary PT Batutua Tembanga Raya (BTR) has entered into an $18-million advance payment transaction with Posco Daewoo Corporation. The advance payment to BTR is in exchange for 4 800t of copper cathode, which will be delivered in shipments of 400 t a... 

Lynas sells record volumes in December quarter

By: Esmarie Iannucci     22nd January 2019 Rare earths miner Lynas has reported record sales volumes for the quarter ended December, generating revenues of A$79.9-million from the sale of 5 522 t of rare earth oxide. Rare earth oxide production for the quarter was down to 4 422 t, from the 5 220 t produced in the September quarter, as... 

Atrum adds further tonnes to Elan

By: Esmarie Iannucci     22nd January 2019 Coal developer Atrum Coal could consider an accelerated development at its Elan coal project, in Alberta, in Canada, after adding a further 201-million tonne of resource to the project. The ASX-listed Atrum noted that a total Joint Ore Reserves Committee-compliant resource of 201-million tonnes,... 

Gas flows from Van Gogh

By: Esmarie Iannucci     22nd January 2019 Oil and gas major Santos has produced first oil from its Van Gogh infill project, in the Exmouth Basin, offshore Western Australia, marking the completion of the two-well programme that is expected to increase production from the field. The Van Gogh field is one of three subsea field... 

Sheffield secures LNG for Thunderbird

By: Esmarie Iannucci     22nd January 2019 Mineral sands miner Sheffield Resources has struck a liquefied natural gas (LNG) supply agreement with ASX-listed Woodside Energy and Energy Developments (EDL) at is Thunderbird project, in Western Australia. The 15-year supply agreement will see Woodside and EDL deliver 1 950 TJ/y of LNG to the... 

Marillana JV kicks off

By: Esmarie Iannucci     22nd January 2019 A joint venture (JV) over the Marillana iron-ore project, in the Pilbara, between ASX-listed Mineral Resources (MRL) and Brockman Mining has kicked off, after the parties executed a mine-to-ship logistics agreement for the transport of the Marillana ore to Port Hedland. MRL said on Tuesday that... 

MOD Resources surges, says Sandfire takeover undervalued

By: Esmarie Iannucci     22nd January 2019 The share price of copper developer MOD Resources increased by 50% on Tuesday after the company told shareholders that the A$113-million indicative takeover offer from fellow-listed Sandfire Resources undervalued the company. MOD on Tuesday revealed a A$15-million capital raise to fund working... 

Universal achieves steady increase in production, earnings in Q2 

By: Marleny Arnoldi     22nd January 2019 ASX-listed Universal Coal is on track to achieve forecast earnings before interest, taxes, depreciation and amortisation (Ebitda) guidance of A$93-million for the 2019 financial year. The coal miner achieved Ebitda of A$30.5-million, of which A$17-million was attributable, for the quarter ended... 

South African businessperson Moti freed from detention in Germany

By: Bloomberg     22nd January 2019 Zunaid Moti, who owns chrome businesses in South Africa and Zimbabwe, was released from detention in Germany after being held in Munich since August. Moti has returned to South Africa after an arrest warrant issued by Russia was canceled, according to an emailed statement from his company, the... 

ERG to pilot blockchain-based solution to enhance provenance, traceability of cobalt

By: Simone Liedtke     21st January 2019 Global Battery Alliance (GBA) founding member Eurasian Resources Group (ERG) will be piloting a blockchain-based solution based on the IBM Blockchain Solution, to enhance the provenance and traceability of cobalt in the metal’s supply chain. Following the announcement on Monday, ERG explained in... 

Vast advances discussions to secure replacement offtake finance

By: Simone Liedtke     21st January 2019 Aim-listed Vast Resources on Monday announced that its directors will advance discussions with other parties with a view to securing replacement offtake prepayment finance for the $5.5-million Tranche B advance for its Manaila and Baita Plai polymetallic mines, in Romania. This follows after... 

Fourteen miners killed in Rwanda tin mine – official

By: Reuters     21st January 2019 Fourteen miners were killed in an eastern Rwandan tin mine after a hill collapsed on them after heavy rains, an official said on Monday. "Because of recent rainfall in the area, part of the hill nearby collapsed and 14 miners who were getting ready for work were buried by land," Fred Mufuruke,... 

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