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Pan American Silver buys Tahoe Resources

By: Mariaan Webb     Updated 6 hours ago The world’s second-largest primary silver producer, Pan American Silver, is about to get bigger with the $1.07-billion acquisition of Tahoe Resources, which owns the troubled Escobal silver mine, in Guatemala, in addition to gold mines in Peru and Canada. Pan American Silver, which operates six... 

Pan American Silver buys Tahoe Resources
Escobal is the world's second-largest silver mine.

Chilean regulators reject Albemarle's plans to boost lithium output

By: Reuters     14th November 2018 Chilean environmental regulators have rejected plans by Albemarle Corp, the world's top lithium producer, to expand output from the Salar de Atacama salt flat, according to filings with Chile's Environmental Assessment Service (SEA). SEA said in a resolution on Monday that Albemarle's... 

Chilean regulators reject Albemarle's plans to boost lithium output

Brazil lawmakers slam Norsk Hydro, regulators for Alunorte leak

By: Reuters     14th November 2018 "Failures and possible crimes" led to a February leak of mineral byproduct at Norsk Hydro ASA's Alunorte alumina refinery in the Amazonian state of Para, a special commission in Brazil's lower house said in a report released on Tuesday A congressional commission assembled to look into the... 

Congo State miner wants meeting over Katanga cobalt export halt 

By: Bloomberg     Updated 7 hours ago The Democratic Republic of Congo’s state-owned miner sought an urgent meeting to discuss a decision by Glencore unit Katanga Mining last week to halt cobalt exports. Katanga, controlled by Glencore, announced November 6 it suspended sales from its Kamoto mine in southeast Congo after detecting... 

Congo State miner wants meeting over Katanga cobalt export halt

Leagold to restart RDM ahead of plan

By: Creamer Media Reporter      Updated 7 hours ago The water storage facilities at the RDM mine have reached sufficient levels to restart operations, Latin America-focused Leagold said on Tuesday, announcing a planned restart date of November 20. This is about two weeks ahead of the previously anticipated schedule, CEO Neil Woodyer reported. 

Workers at Iamgold’s Rosebel down tools

By: Creamer Media Reporter      Updated 7 hours ago Unionised employees at the Rosebel gold mine, in Suriname, have downed tools, triggering a force majeure to suspend operations at the mine. Canadian miner Iamgold said on Tuesday that the strike was in breach of a collective labour agreement (CLA) and that it would prepare legal action against... 

Hudbay sets date for special shareholders meeting

By: Creamer Media Reporter      14th November 2018 Toronto-headquartered Hudbay Minerals has set February 28 for a special meeting of the company’s shareholders to consider an advisory resolution requisitioned by Waterton Global Resource Management. Waterton, a 7% shareholder of Hudbay, in October requested changes to Hudbay’s board, citing the... 

Blackrock Gold US president Brian Morris killed

By: Mariaan Webb     14th November 2018 Brian Morris, the newly hired president of Canadian explorer Blackrock Gold’s US subsidiary, has been killed at the weekend, after stopping to assist at the scene of a car accident in Reno, Nevada. Morris also served on the board of Havilah Mining and has been hailed as a “gifted person”, with a... 

Copper giant says future's bright as China can handle trade war

By: Bloomberg     14th November 2018 Global copper consumption is set to expand next year even as the U.S.-China trade war rumbles on, according to a major European miner, which expects usage to be underpinned by shifts in the mainland economy and the government’s plans to develop infrastructure across Asia. “Demand for copper shall... 

Copper giant says future's bright as China can handle trade war
Marcin Chludziński

Sundance increases borrowing base

By: Esmarie Iannucci     Updated 6 hours ago ASX-listed Sundance Energy has increased its senior secured borrowing base from $87.5-million to $122.5-million. MD and CEO Eric McCrady said on Wednesday that the company’s pre-existing available liquidity was sufficient to support its development programmes through the second half of 2019,... 

Electric vehicle revolution goes underground with mining trucks  

By: Bloomberg     Updated 7 hours ago Electric vehicles are reaching global markets far and wide – and deep. Swedish mining equipment maker Epiroc is launching a new range for use underground. The manufacturer on Wednesday unveiled what it said is the largest battery-powered vehicle for below the Earth’s surface: a 42 ton-capacity... 

Peregrine, NexGen and Cardinal among leaders honoured in PDAC awards

By: Creamer Media Reporter      Updated 6 hours ago The Prospectors and Developers Association of Canada (PDAC) has announced the winners of its yearly awards, which recognise the work of international and domestic leaders in the mineral exploration and mining community. The Bill Dennis award went to Peregrine Diamonds, which discovered the... 

Harry Winston jeweler buys 'Pink Legacy' diamond for record $50m – Christie's

By: Reuters     14th November 2018 The "Pink Legacy", a diamond weighing just under 19 carats, fetched a record 50.375-million Swiss francs ($50-million), purchased by US-based luxury jeweller Harry Winston, Christie's said on Tuesday. Harry Winston, owned by Swatch whose CEO is Nayla Hayek, daughter of the late Swatch founder... 

Atlatsa, RPM progress Bokoni restructure plan

By: Tasneem Bulbulia     Updated 45 minutes ago Rustenburg Platinum Mines (RPM) and Atlatsa have, throughout this year, continued to work towards the implementation of the 2017 Restructure Plan at the Bokoni mine. Atlatsa in July 2017 announced a two-phased restructure plan for the mine, which comprised a care and maintenance strategy for the... 

Eskom highlights risk of further debt accumulation as it gears up to defend big hikes 

By: Terence Creamer     Updated 52 minutes ago Debt-laden electricity utility Eskom is preparing for yet another bruising encounter with consumers in the coming months, during which it will seek to justify it latest R762-billion, three-year revenue application. If successful with its fourth multiyear price determination (MYPD4) application,... 

Eskom highlights risk of further debt accumulation as it gears up to defend big hikes

Drilling delineates new corridor of mineralisation at Kamoa-Kakula

By: Tasneem Bulbulia     Updated 59 minutes ago Exploration drilling at Ivanhoe Mines’ Kamoa North prospect area, which forms part of the 397 km2 Kamoa-Kakula mining licence, in the Democratic Republic of Congo (DRC), has successfully delineated two new, continuous corridors of shallow copper mineralisation containing zones of thick,... 

VR reinventing education, training in organisations – BSC

By: Simone Liedtke     Updated 1 hour 10 minutes ago Business Science Corporation (BSC) is reinventing itself as the world moves into the Fourth Industrial Revolution (4IR) and is focusing on the use of virtual reality (VR) as a cost-effective method of training people. Skills development and the inadequacies of traditional safety training remain... 

Caledonia posts lower Q3 earnings as costs rise, gold price weakens

By: Tasneem Bulbulia     Updated 1 hour 27 minutes ago A slightly weaker gold price and higher production costs contributed to a 17% year-on-year decrease in London-listed Caledonia Mining Corporation’s adjusted earnings a share for the third quarter ended September 30 to $0.33. Gold production of 13 978 oz was 2.9% lower year-on-year owing to the... 

WGC publishes update to 2013 all-in sustaining cost guidance note

By: Tasneem Bulbulia     Updated 1 hour 31 minutes ago The World Gold Council (WGC) has published an update to its June 2013 guidance note on all-in sustaining costs (AISC) and all-in costs (AIC). “Since its launch in 2013, we have monitored the use and application of the guidance note to ensure that it meets its objective of providing transparency... 

Kumba champions ‘zero-harm’ approach for mining industry

By: Tasneem Bulbulia     Updated 1 hour 37 minutes ago The mining industry’s efforts to achieve zero harm are achievable, but this will need a fundamental change in mindset from mine leadership that includes a relentless focus on managing catastrophic and fatal risks, says Kumba Iron Ore safety and sustainable development executive head Philip... 

Kumba champions ‘zero-harm’ approach for mining industry
Kumba Iron Ore safety and sustainable development executive head Philip Fourie

Eastplats retreatment project remains on track

By: Simone Liedtke     Updated 1 hour 49 minutes ago Dual-listed Eastern Platinum (Eastplats) expects to start revenue-producing operations at the retreatment project at its Crocodile River mine, in the North West, in the fourth quarter of this year. The dual-listed company has, over the course of this year, focused on the construction of the... 

Vanadium batteries the solution to meet growing energy storage demand – Bushveld 

By: Simone Liedtke     Updated 1 hour 57 minutes ago Vanadium redox flow batteries (VRFBs) are a front-runner technology for meeting the growing demand in the energy storage sector, says Bushveld Energy CEO Mikhail Nikomarov. During a webinar on energy storage this week, he noted that data by US-based multiservice professional firm Navigant shows... 

Monarques graduates to TSX

By: Creamer Media Reporter      Updated 2 hours 1 minute ago Abitibi mining camp gold miner Monarques Gold has received final approval for the listing of the common shares on the TSX, starting on November 15. The company will deslist from the TSX-V at the start of trading on the TSX. 

Premier Gold Mines buys land adjacent to South Arturo

By: Creamer Media Reporter      Updated 2 hours 17 minutes ago Ontario-headquartered Premier Gold Mines has entered into an option agreement to acquire a land package adjoining its 40%-owned South Arturo property in Nevada, US. The Rodeo Creek property is a 206 ha land package, consisting of 31 unpatented claims in the Carlin Trend, where Premier has... 

Copper industry sees green shoots of demand after trade war price slump

By: Reuters     Updated 4 hours ago The outlook for copper demand in the mid to long term remains healthy despite current trade friction between China and the United States as a renewable energy revolution will require vast amounts of the metal, industry executives said on Wednesday. Delegates at the Asia Copper Conference in... 

Delayed gold shipments hit Serabi Q3 revenue

By: Mariaan Webb     Updated 5 hours ago Aim- and TSX-listed Serabi Gold has reported a significant drop in third-quarter revenue as a result of the timing of gold sales, with two shipments of concentrate, valued at about $1.6-million, having been delayed to the fourth quarter. The miner, which operates the Palito Mining Complex in... 

Chinese copper smelters look to mine investment to secure supply

By: Reuters     Updated 6 hours ago Chinese copper smelters are looking to make more investments in mines, pushing to shore up supply of concentrate at a time when competition for the raw material is heating up, industry executives said on Wednesday. China is the world's biggest consumer of the metal but its own copper mine... 

Qld Parliament passes rehabilitation laws

By: Esmarie Iannucci     Updated 6 hours ago Queensland mining companies will now be compelled to sign up to progressive rehabilitation plans after the state Parliament passed the Mineral and Energy Resources (Financial Provisioning) Bill. The bill delivers new requirements for the planning and delivery of progressive rehabilitation of... 

Matsa acquires Anova's WA tenements

By: Esmarie Iannucci     Updated 6 hours ago Junior miner Matsa Resources has acquired an option over fellow-listed Anova Metal’s Devon tenements, south of the Red October gold mine, in Western Australia. Under the option agreement, Matsa could elect to exercise the option by paying A$200 000 within an 18 month period to acquire the... 

Jervois hunting for partner in Nico Young

By: Esmarie Iannucci     Updated 6 hours ago ASX-listed junior Jervois Mining has started the hunt for a development partner and offtake agreements for Nico Young cobalt/nickel project, in New South Wales. Jervois said on Wednesday that the company remained committed to majority ownership and joint venture operatorship of Nico Young, but... 

Woodside CEO on east coast gas solutions

By: Esmarie Iannucci     Updated 6 hours ago Australian energy producer Woodside Petroleum has called on Australia’s eastern state governments to revisit their policies in the face of the looming energy crisis. Woodside CEO Peter Coleman said on Wednesday that for the security of gas producers and the customers that they supplied, each... 

IEA’s World Energy Outlook holds good news for Australian coal miners

By: Esmarie Iannucci     Updated 7 hours ago The International Energy Agency’s (IEA’s) latest World Energy Outlook (WEO) update holds good news for Australian coal producers, estimating that demand for coal in the Asia Pacific will increase by 492-million tonnes of coal equivalent by 2040. Federal Resources Minister Matt Canavan noted that... 

IEA’s World Energy Outlook holds good news for Australian coal miners

Western Australian miners Doray and Silver Lake to merge

By: Esmarie Iannucci     Updated 7 hours ago Gold miners Doray Minerals and Silver Lake Resources on Wednesday announced a merger to combine the two Western Australian gold companies. Under the terms of a scheme implementation deed, Doray shareholders will receive 0.6772 Silver Lake shares for every Doray share held, with Silver Lake... 

Kalamazoo sells Snake Well

By: Esmarie Iannucci     Updated 7 hours ago ASX-listed Kalamazoo Resources has struck a A$7-million deal with privately held Adaman Resources to divest of its Snake Well gold project, in Western Australia. Kalamazoo will maintain a 2.5% net smelter royalty on any base metals mine at the project area, the company said on Wednesday. 

SA needs to consider oil underinvestment, variable renewables implications 

14th November 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the possible implications for South Africa of a global underinvestment in oil production, as well as the growing need to introduce flexibility in power markets. 

SA needs to consider oil underinvestment, variable renewables implications, says Terence Creamer

Hydrogen economy, PGM-based tech offers decarbonised alternative for energy system – Amplats 

By: Simone Liedtke     13th November 2018 With the world’s current energy system reliant on carbon-intensive fossil and other fuels, with the associated negative impact on climate change and global warming, Anglo American Platinum (Amplats) believes there is a decarbonised alternative in the form of the hydrogen economy and platinum... 

Avesoro remains on track to meet FY18 production guidance

By: Simone Liedtke     13th November 2018 West Africa-focussed Avesoro Resources’ gold production increased by 247% year-on-year to 175 492 oz for the nine months ended September 30. This, the miner said on Tuesday, is in line with the full-year output guidance. 

Diamond core intersections confirm geological model at Kodal’s Mali project

By: Tasneem Bulbulia     13th November 2018 Mineral exploration and development company Kodal Minerals has received assay results for the first two diamond drill holes completed during the wet season at the Sogola-Baoule and Boumou prospects on the company’s 450 km2 Bougouni lithium project, in southern Mali. The diamond core intersections... 

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