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Centerra vows to fight two enviro rulings as Kyrgyz woes continue

By: Henry Lazenby     26th May 2016 Canada’s Centerra Gold is having a busy week before Kyrgyz courts after the company received two rulings in two days against its wholly owned subsidiary Kumtor Operating Company (KOC) for alleged environmental infractions at the eponymous mine in the country, and having to defend itself against a... 

Centerra vows to fight two enviro rulings as Kyrgyz woes continue
Photo by Reuters
Kumtor, Kyrgyz Replublic

Vale to delist from Hong Kong exchange

By: Henry Lazenby     25th May 2016 Brazilian diversified mining major Vale has delisted from the Hong Kong stock exchange (HKEx) as part of the company’s simplification strategy. In a press release issued Tuesday, the Rio de Janeiro-based miner announced that the HKEx had approved the withdrawal of Vale´s HDRs – an informal name... 

Kincora consolidates key Mongolian landholdings with ‘mega’ potential

By: Henry Lazenby     Updated 7 hours ago Bolstered by the recent restart of Rio Tinto’s multi-billion-dollar Oyu Tolgoi Phase 2 in the copper belt, TSX-V-listed explorer Kincora Copper on Wednesday advised that it had reached an agreement with privately owned explorer High Power Exploration (HPX to merge two Kincora subsidiaries with... 

Wallbridge to buy Fenelon project

By: Henry Lazenby     Updated 6 hours ago Wallbridge Mining Company has this week entered into a binding letter of intent to acquire the Fenelon gold property from Balmoral Resources for C$3.6-million. The Fenelon mine property was an advanced stage project with near-term production potential, as well as drill intersections suggesting... 

Explorer Altair secures 700 ha property next to HudBay’s Constancia mine in Peru

By: Henry Lazenby     26th May 2016 Canadian explorer Altair Gold has signed a binding letter of intent with a third party to acquire Epic Mining, which owns 99% of Panamericana, the 100% holder of the rights, title and interest in the 900 ha Lejin mineral property, in southern Peru. Altair advised that 700 ha of the Leijin... 

Christie’s to sell 24.18 ct Cullinan Dream diamond for up to $29m

By: Creamer Media Reporter      25th May 2016 Auction house Christie’s will, next month, auction off the Cullinan Dream – a 24.18 ct fancy intense blue Type IIb diamond – that is expected to sell for between $23-million and $29-million. The diamond was cut from a larger 122.52 ct diamond discovered at Petra Diamonds’ Cullinan mine, in South... 

Christie’s to sell 24.18 ct Cullinan Dream diamond for up to $29m
The cut-cornered rectangular mixed-cut fancy intense blue Cullinan Dream diamond, flanked on either side by a tapered baguette-cut diamond, weighing a combined 2.36 ct, is mounted in a size six platinum ring

Chile, SQM head to court after failing to reach agreement

By: Reuters     Updated 6 hours ago Chile said on Wednesday that it would bring a recent dispute with fertiliser supplier SQM to court after a meeting with the company's executives failed to produce an agreement. The government's statement follows an announcement on Monday in which it said it was beginning a new arbitration... 

Workers at Toromocho copper mine in Peru plan strike May 31

By: Reuters     Updated 6 hours ago Workers at Chinalco Mining Corp International's copper mine Toromocho in Peru are planning a four-day strike on Tuesday to press for the reinstatement of a quarterly bonus tied to company results, the union said on Wednesday. 

Russia, China add more gold reserves; Venezuela sells more

By: Reuters     25th May 2016 China and Russia, two of the largest holders of bullion, and Kazakhstan bolstered their gold reserves last month, while Venezuela sold off more of its bullion earlier this year, data from the International Monetary Fund showed on Tuesday. Extending a prolonged buying spree, Russia added 16.2 t... 

China iron-ore, steel stabilise after rout, spot ore may hold near $50/t

By: Reuters     25th May 2016 Iron-ore and steel futures in China steadied on Wednesday after recent steep losses, supporting market expectations that the price of spot iron-ore could find support at around $50/t. After a seasonal pickup in demand, consumption in China, the world's top steel user, has softened, pushing... 

Colombia court rules local governments can restrict mining projects

By: Reuters     Updated 6 hours ago Colombia's constitutional court on Wednesday struck down a law which requires mining permits be issued exclusively by the national government, a decision which could open the way for provincial and local authorities to restrict mining in their areas. The 2001 law, which forbid regional and local... 

Gold Fields extends Macmahon contract at St Ives

By: Creamer Media Reporter      25th May 2016 Gold mining major Gold Fields has extended ASX-listed Macmahon Holdings’ contract to supply a fleet of opencut mining equipment and associated services to the St Ives gold mine, in Western Australia. Macmahon initially had a six month contract, which Gold Fields has now extended by 24 months. 

HammerTek expands defection elbow product offering

By: Creamer Media Reporter      25th May 2016 The cast aluminium line of Smart Elbow deflection elbows from manufacturer HammerTek is now available in tube and pipe sizes from 3.8 cm up to 30.5 cm in diameter, helping to improve materials handling in dilute-phase and dense-phase pneumatic conveying systems applications. The deflection... 

New online floor plan launched for Electra Mining Africa 2016

     23rd May 2016 For the first time, this year Creamer Media introduced an interactive floor plan and exhibitor listing for Electra Mining Africa 2016, taking pace from 12 to 16 September. The floor plan and exhibitor listing will be hosted on MiningWeekly.com.  

New online floor plan launched for Electra Mining Africa 2016

Ministers stall on banks intervention over Gupta blacklisting

By: News24Wire      Updated 43 minutes ago The ministers tasked with intervening in the ongoing stand-off between South Africa’s big four banks and the Gupta-owned Oakbay Investments have missed their deadline. Minister in the Presidency Jeff Radebe told Parliament via a written reply to the Democratic Alliance on Wednesday that the... 

Ministers stall on banks intervention over Gupta blacklisting

New highly profitable acid mine water solution unveiled

By: Creamer Media Reporter      Updated 57 minutes ago Trailblazer Technologies have developed a process to convert acid mine water into valuable fertiliser materials with purified water. Mining Weekly editor Martin Creamer speaks to Creamer Media's Sashnee Moodley about the process. 

New highly profitable acid mine water solution unveiled

New acid mine water process has huge agri potential in arid areas

By: Martin Creamer     25th May 2016 The newly developed process that yields handsome profits by converting acid mine water into valuable fertiliser materials, also has the potential to process South Africa’s large volumes of currently unusable brackish groundwater. The use of the process that eradicates acid mine drainage (AMD) for... 

New acid mine water process has huge agri potential in arid areas
Photo by Duane Daws
Trailblazer Technolgies director John Bewsey

Solidarity secures payment agreement for retrenched Lily mineworkers

By: Anine Kilian     25th May 2016 Trade union Solidarity on Wednesday reached an agreement with the business rescue practitioner regarding retrenchment packages to be paid out to those mineworkers at Vantage Gold Fields’ Lily mine, near Barberton, who had applied for them.   According to Solidarity general secretary Gideon du... 

AMSA insists fair pricing does not equate to no price increases

By: Terence Creamer     25th May 2016 Steel producer ArcelorMittal South Africa (AMSA) dismissed suggestions again on Wednesday that its deal with government to raise steel import protection in return for fairer pricing – as well as jobs and investment guarantees – precluded it from increasing prices. The JSE-listed company was... 

AMSA insists fair pricing does not equate to no price increases
AMSA chairperson Mpho Makwana

Kyrgyz court fines Centerra unit Kumtor $98m

By: Reuters     25th May 2016 A court in Kyrgyzstan fined the country's biggest gold miner Kumtor Operating Company, a unit of Canada's Centerra Gold, 6.7-billion some ($98-million) for environmental damage on Wednesday. Kumtor's lawyers told reporters at the hearing that they would appeal the ruling. 

Kyrgyz court fines Centerra unit Kumtor $98m
Photo by Centerra Gold
Kumtor, Kyrgyz Republic

Silicosis class-action status impacts on local common law

By: David Oliveira     25th May 2016 The Johannesburg High Courts’ decision earlier this month to give 69 mineworkers and silicosis sufferers the right to institute class action against 32 current and historical South African gold mining companies would have far-reaching implications for the country’s common law, according to law... 

DA urges IDC to give Guptas 'a wide berth'

By: News24Wire      25th May 2016 The Industrial Development Corporation (IDC) should “follow the lead of the commercial banks and give the president’s pals (the Guptas) a wide berth in future”, the Democratic Alliance (DA) said on Wednesday. DA MP Michael Cardo was officially responding to Economic Development Minister Ebrahim... 

DA urges IDC to give Guptas 'a wide berth'
Photo by Duane Daws
IDC CEO Geoffrey Qhena

Karara Mining secures $200m loan

By: Mariaan Webb     25th May 2016 Iron-ore joint venture (JV) Karara Mining has secured a $200-million loan from China-based Shanghai Pudong Development Bank, ASX-listed Gindalbie Metals reported on Wednesday. The new loan would provide the JV with working capital to support the Karara iron-ore project, in Western Australia. 

Capital Mining eyes another lithium acquisition

By: Mariaan Webb     25th May 2016 ASX-listed Capital Mining was in “advanced stage” negotiations about a lithium acquisition, the company revealed on Wednesday. Capital Mining, which earlier this month announced a sales and purchase agreement to buy Shaw River Lithium and its 13 prospecting licences in the Pilbara, said it was... 

Capital Mining eyes another lithium acquisition
The demand for lithium-ion batteries is increasing, prompting more junior mining companies to enter the lithium sector.

Anglo Pacific optimistic about higher 2016 royalty income

By: Creamer Media Reporter      25th May 2016 LSE- and TSX-listed Anglo Pacific expects its royalty income for the full 2016 financial year to be significantly higher than the £8.7-million earned in 2015. The company noted in a trading update on Wednesday that royalty income for the first quarter of the year, ended March 31, was... 

India to merge underground coal mines to deploy longwall mining methods

By: Ajoy K Das     25th May 2016 To facilitate the induction of modern mining technology and equipment, India’s Coal Ministry is looking at merging underground mines in the same geographies and moving away from a trend of converting underground mines to opencast ones. An official in Coal India Limited’s (CIL’s) technical... 

India to merge underground coal mines to deploy longwall mining methods

Joint panel formed to review Teck Resources oil sands project

By: Samantha Herbst     25th May 2016 A three-member joint panel of environmental experts has been established to review diversified miner Teck Resources’ proposed Frontier oil sands mine project, in Northern Alberta, announced Environment and Climate Change Minister Catherine McKenna and Alberta Energy Regulator president and CEO... 

Wildfire-hit Athabasca Oil resumes operations at Hangingstone

By: Samantha Herbst     25th May 2016 TSX-listed energy company Athabasca Oil Corporation has resumed operations at its Hangingstone facility, 20 km south of Fort McMurray, which has been engulfed by a Canadian wildfire starting in early May, forcing widespread evacuations and a prolonged shutdown of all oil operations in the region.... 

Prairie to apply for mining concession in H1 2017

By: Mariaan Webb     25th May 2016 ASX-listed Prairie Mining said on Wednesday that it had made substantial progress in various permitting aspects of its Lublin coal project, in Poland, which would pave the way for a mining concession application in the first half of 2017. In Poland, companies had to submit a deposit development... 

MZI expects ‘significantly’ improved revenue as Keysbrook ramps up

By: Mariaan Webb     25th May 2016 ASX-listed MZI Resources expected to report “significantly” improved production and sales revenue in the June quarter, as its flagship Keysbrook mineral sands project, in Western Australia, continued to perform, MD Trevor Matthews reported on Wednesday. The company, which started production at... 

Higher commodity prices support 26% rise in Q1 Canadian Mining Eye index

     25th May 2016 Higher commodity prices have contributed to a 26% rise in EY’s Canadian Mining Eye index for the first quarter of this year. “Improved gold and base metals prices appeared to generate much-needed positive momentum in the sector. The strong growth of Canadian mining equities also indicates... 

Higher commodity prices support 26% rise in Q1 Canadian Mining Eye index

Freeport staff to oversee transition at Tenke copper mine in Congo

By: Reuters     25th May 2016 The Chinese company buying Freeport McMoRan Inc's majority stake in the Tenke copper mine has told the Congolese government that Freeport staff will oversee the operation for a transitional period of 12 to 18 months, an adviser to the prime minister said on Tuesday. A delegation from China... 

RBCT CEO to stand down

By: Martin Creamer     24th May 2016 Richards Bay Coal Terminal (RBCT) CEO Nosipho Siwisa-Damasane will be stepping down after four years at the helm. RBCT said on Tuesday that GM finance Alan Waller would be taking over as CEO from July 1, when GM strategy and compliance Casper Mbuyazi would assume the finance role. 

RBCT CEO to stand down
RBCT CEO Nosipho Siwisa-Damasane

Anglo American Zimele, Jobs Fund support agricultural entrepreneurs

     24th May 2016 Anglo American’s enterprise development arm Zimele has collaborated with the National Treasury’s Jobs Fund to support the establishment of 490 agricultural entrepreneurs through projects such as the Lambasi agricultural initiative – a jointly owned farming operation trading as Fundirite, in the... 

New highly profitable acid mine water solution unveiled 

By: Martin Creamer     24th May 2016 A process has been developed that yields handsome profits by converting acid mine water into valuable fertiliser materials. The process, which purifies the water free of charge, removes all of the total dissolved solids and converts them into saleable products. 

New highly profitable acid mine water solution unveiled
Photo by Duane Daws
Trailblazer director John Bewsey (right) and Martin Creamer

Unionised employees strike at Kinross Gold’s Mauritania mine

By: Samantha Herbst     24th May 2016 Following a strike notice issued earlier this month, unionised employees at Kinross Gold's Tasiast mine, in Mauritania, on Tuesday embarked on strike action. Kinross said in a statement that it remained open to restarting negotiations on a new collective agreement and to resolve other outstanding... 

Sarama acquires Bondi gold deposit

By: Anine Kilian     24th May 2016 TSX-listed Sarama Resources has signed a binding heads of agreement with gold producer Orezone Gold to to acquire its Bondi gold deposit, which is near Sarama’s South Houndé project, in south-western Burkina Faso. The South Houndé and Karankasso projects were located 30 km from Bondi, presenting... 

Sarama acquires Bondi gold deposit

Diamcor expects to complete additional boreholes at Krone-Endora by end-June

     24th May 2016 TSX-V-listed Diamcor Mining expects to have four additional boreholes at its Krone-Endora at Venetia project, in South Africa’s Limpopo province, completed by the end of the June quarter. This followed the award, last month, of a 15-year water-use licence, granting the company permission to... 

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