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McEwen’s operations on track to meet full-year guidance

By: Marleny Arnoldi     Updated 2 hours 39 minutes ago Dual-listed precious metals producer McEwen Mining produced 36 959 oz of gold and 772 432 oz of silver, or 47 258 gold-equivalent ounces (GEOs), for the second quarter of this year.  

McEwen’s operations on track to meet full-year guidance

Major Beadell shakeup targets $100m cost savings

By: Esmarie Swanepoel     Updated 7 hours ago Gold miner Beadell Resources has implemented major management changes and cost reductions at its Tucano mine, in Brazil, that could save more than $100-million. CEO and MD Simon Jackson and COO Peter Holmes will step down from their current positions, with Dr Nicole Adshead-Bell taking over as... 

Vale notches record Q2 iron-ore, pellet output despite trucker strike

By: Reuters     Updated 3 hours ago Brazil's Vale achieved record iron ore and pellet production for a second quarter despite a nationwide trucker strike that paralyzed Latin America's largest economy in May, the miner said in a filing on Monday. Vale, the world's top iron-ore producer, said iron ore output reached 96.755-million... 

Top-grade iron-ore may spike to $100/t

By: Bloomberg     16th July 2018 High-grade iron-ore may spike to $100 a metric ton as China intensifies a clampdown on pollution by restraining industrial activity, adding further momentum to a trend that’s reshaped the global market in recent years and driven buyers in Asia’s top economy to seek out better-quality material.... 

Top-grade iron-ore may spike to $100/t

Employees on strike at Randgold’s Tongon mine

By: Marleny Arnoldi     Updated 2 hours 38 minutes ago Gold miner Randgold Resources on Monday said the government-led process to resolve industrial relations issues at its Tongon mine, in Côte d’Ivoire, was interrupted over the weekend when employees went on strike.  

Noront drops Sudbury and Thunder Bay as site for ferrochrome plant

By: Mariaan Webb     16th July 2018 TSX-V-listed Noront Resources has moved to the final phase of the site selection process for its proposed ferrochrome production facility, with only two cities – Timmins and Sault Ste Marie – still in the running to host the 100 MW to 130 MW scalable furnace. Noront has dropped Thunder Bay and... 

Noront drops Sudbury and Thunder Bay as site for ferrochrome plant

Atalaya produces record quarterly copper production in Spain

By: Marleny Arnoldi     Updated 7 hours ago Aim- and TSX-listed copper miner Atalaya Mining produced 10 446 t copper at its Proyecto Riotinto mine, in Spain, in the second quarter of the year, beating its first quarter production record.  

How mining tycoons are trying to foil a big UK bribery probe

By: Bloomberg     16th July 2018 It’s a faint echo of the defense being floated by targets of the Mueller probe in the US – an unaccountable circle of bureaucrats manipulating the system to their own ends. But in London, it’s the last ditch effort by a trio of Kazakh oligarchs to derail the UK’s biggest bribery investigation. 

How mining tycoons are trying to foil a big UK bribery probe
Alexander Machkevitch

Further extension to Centerra’s Kyrgyz strategic accord

By: Creamer Media Reporter      Updated 2 hours 8 minutes ago Canadian miner Centerra Gold and the government of Kyrgyzstan have further extended the first longstop date under the strategic agreement for environmental protection and investment promotion that they entered into last year. The Toronto-based miner has pushed out the first longstop date – the... 

‘Peak’ cobalt is not on the horizon – S&P’s Global Market Intelligence

By: Marleny Arnoldi     Updated 1 hour 46 minutes ago Peak cobalt is not on the horizon, says Standard & Poor’s (S&P’s) Global Market Intelligence metals and mining research analyst Michael Giblin.  

Bacanora raises cash to start Sonora construction

By: Creamer Media Reporter      Updated 1 hour 48 minutes ago London-listed lithium exploration and development company Bacanora Lithium on Monday announced a proposed placing to raise $100-million by way of a placing of new ordinary shares, which will give the company sufficient funds to begin construction of the Sonora lithium project, in Mexico. The... 

Bacanora raises cash to start Sonora construction

New mining fund raising R750m to co-finance ancillary mine projects 

By: Martin Creamer     Updated 2 hours 10 minutes ago In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12 J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... 

CCP 12j MD Paul Miller talks to Mining Weekly Online’s Martin Creamer on new tax incentives to boost mining investment. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Production at Xtract’s Manica concession increases 42% q/q

By: Marleny Arnoldi     Updated 2 hours 33 minutes ago Alluvial mining contractors operating at Aim-listed Xtract Resources’ Manica concession, in Mozambique, produced 1 703 oz of gold in the second quarter – a 41.9% quarter-on-quarter increase.  

Orion on track for completing Prieska BFS

By: Anine Kilian     Updated 3 hours ago JSE-listed Orion Minerals is on track to complete its bankable feasibility study into the Prieska zinc/copper project, in the Northern Cape, by the end of the year. The company on Monday reported positive assay results from a further 13 drilled intersections at the project. 

Fura to expand its Mozambique ruby holdings; considering an LSE listing

By: Anine Kilian     Updated 3 hours ago TSX-V-listed gemstone producer Fura Gems has entered into an agreement to acquire an interest in nine ruby assets in Mozambique from ASX-listed Mustang Resources and Regius Resources Group for A$15-million, or about C$14.6-million, in cash and shares. Upon closing of the acquisition, Fura, which... 

Expert backs Hancock offer for Atlas

By: Esmarie Swanepoel     Updated 6 hours ago An independent expert has found that Hancock Prospecting’s offer for ASX-listed Atlas Iron is both fair and reasonable, with Atlas on Monday urging shareholders to accept the offer. Non-executive chairperson Eugene Davis told shareholders that the offer from Hancock was an excellent opportunity... 

Expert backs Hancock offer for Atlas

Kodal reports positive assay results from Mali projects

By: Anine Kilian     Updated 7 hours ago Aim-listed Kodal Minerals has reported encouraging assay results from its Mali-based Boumou, Ngoualana and Sogola-Baoule prospect. The lithium mineral exploration and development company said in a project update on Monday that the Boumou prospect was continuing to develop, with northern zone... 

Panthera completes initial RC drilling at Burkina Faso project

By: Marleny Arnoldi     Updated 7 hours ago Aim-listed gold exploration and development company Panthera Resources has completed 1.07 km of reverse circulation (RC) drilling over eight holes at its Naton project in southern Burkina Faso.  

Rio says workers return at South Africa's Richards Bay Minerals

By: Bloomberg     Updated 7 hours ago Rio Tinto’s Richards Bay Minerals in South Africa said workers are reporting for duty after violence and protests that started more than a week ago shut the operations. “Following a significant improvement in the security situation, employees are returning to work today and we will safely ramp up... 

More resources at Montepuez

By: Esmarie Swanepoel     Updated 7 hours ago Graphite developer Battery Minerals has reported a 14% increase in the mineral resource estimate of the Elephant deposit, at its Montepuez project, in Mozambique. The project is now estimated to host a total measured and indicated resource of 76.9-million tonnes, at 7.3% total graphitic carbon. 

Improved operational performance, prices lift Amplats’ interim earnings

By: Marleny Arnoldi     Updated 7 hours ago JSE-listed Anglo American Platinum (Amplats) on Monday advised that its headline earnings and headline earnings per share (HEPS) for the six months ended June 30 are likely to be between R3.2-billion and R3.4-billion and between R1.20 and R1.30, respectively.  

Improved operational performance, prices lift Amplats’ interim earnings

Symbol secures offtake and financing for Macy

By: Esmarie Swanepoel     Updated 7 hours ago ASX-listed Symbol Mining has inked an offtake and marketing agreement with Noble Resources international for its Macy zinc project, in Nigeria. The offtake and marketing agreement also secured the final funding requirements for the development of the Macy project, with a short-term $3-million... 

MOD could increase plant throughput at T3

By: Esmarie Swanepoel     Updated 7 hours ago ASX-listed MOD Resources has reported a 13% increase in the indicated resource of its T3 deposit, in Botswana, which could support a potential increase in the planned design throughput. MOD on Monday said that a reclassification of the T3 resource has seen the indicated mineral resource estimate... 

Pantoro hits targets

By: Esmarie Swanepoel     16th July 2018 Gold miner Pantoro has hit its production targets for the full year ending June, producing 52 203 oz of gold, which was within the guidance of between 50 000 oz and 55 000 oz. In the three months to June, Pantoro produced 11 694 oz of gold, which is lower than the 13 385 oz produced in the... 

Whitehaven production drops slightly

By: Esmarie Swanepoel     16th July 2018 New South Wales coal miner Whitehaven Coal has reported a fall in production during the June quarter, and the full year to June, with mechanical issues reported at its Narrabri mine. In the quarter ended June, Whitehaven produced 5.8-million tonnes of run-of-mine (RoM) coal, with 4.7-million... 

Kasbah aims to have Morocco tin mine in production by 2020

By: Esmarie Swanepoel     16th July 2018 It is hoped that the Achmmach tin project, in Morocco, could be in production by 2020, following a positive definitive feasibility study (DFS). ASX-listed Kasbah Resources on Monday reported that the DFS is based on an underground mine with an initial ten-year mine life, producing 750 000 t/y... 

India's Oil Ministry supports petcoke import ban – govt lawyer tells court

By: Reuters     16th July 2018 India's Oil Ministry is in favour of a ban on the import of petroleum coke, the government's lawyer told the Supreme Court on Monday. An oil refinery by-product, petroleum coke, or petcoke, is used as a fuel because of its higher energy content than coal, but it releases larger amounts of carbon... 

Indian captive coal miners likely to be allowed merchant sale

By: Ajoy K Das     16th July 2018 In a forthcoming revamp of coal block auction rules, India’s Coal Ministry is likely to allow captive miners free merchant sales of 25% of production in a step towards blurring the distinction between commercial and captive mining. The move towards greater flexibility for captive coal miners is... 

Six die in underground fire at Palabora copper mine

By: Marleny Arnoldi     16th July 2018 Mining company Palabora Copper confirmed on Monday that six people have died at its copper mine in Phalaborwa, following a fire that broke out at its underground conveyor belt operation during the early hours of Sunday.  

Total’s acquisition of Engie LNG portfolio closes

By: Marleny Arnoldi     13th July 2018 Petroleum giant Total’s acquisition of Engie’s portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.5-billion, has closed.  

MGX to earn into Belmont’s Nevada lithium property

By: Mariaan Webb     13th July 2018 Diversified miner MGX Minerals has entered into an option agreement to earn into the Kibby Basin lithium brine project, in the western portion of the Great basin in Nevada, the Canadian firm announced on Friday. MGX will acquire an initial 25% interest in Kibby Basin from TSX-V-listed Belmont... 

Copper trains ransacked by 'moles' in full-moon desert heists

By: Bloomberg     13th July 2018 On nights lit by a full moon, thieves leap from trucks onto trains as they roll through Chile’s Atacama desert, before throwing 80-kg slabs of copper to the ground and disappearing into the dark. It’s a tactic known as “the cat” and the robbers are “moles” because no one knows where they come... 

Copper trains ransacked by 'moles' in full-moon desert heists

David Price steps down from Lionsgold board

By: Creamer Media Reporter      13th July 2018 London-listed gold exploration, production and retail firm Lionsgold has appointed a new interim chairperson, following the resignation of David Price as nonexecutive chairperson with immediate effect to focus on his CEO role at Aim-listed Rockfire Resources. Corporate lawyer Michael Corcoran,... 

AfriTin remains focused on Uis development

By: Creamer Media Reporter      13th July 2018 Aim-listed AfriTin Mining remains focused producing the first tin concentrate at its Uis mine, in Namibia, in the second half of this year. CEO Anthony Viljoen noted in a statement on Friday that there are many initiatives the company plans to complete at the mine in the short to medium term. 

W confirms thick gold intersections at Portugal project

By: Creamer Media Reporter      13th July 2018 Exploration company W Resources is continuing to get strong gold intersections from the 15-hole drilling campaign at its São Martinho gold project in Portugal, chairperson Michael Masterman reported on Friday, announcing assay results from the first seven holes. Among the results are a 25 m... 

Copper heads for fifth weekly loss, aluminium awaits Trump-Putin summit

By: Reuters     13th July 2018 Copper headed for a fifth weekly loss on Friday as trade tensions between the United States and China rumbled on, while aluminium hit a three-month low ahead of a summit between US President Donald Trump and Russian President Vladimir Putin. Trump and Putin are due to meet in Helsinki on Monday... 

Copper heads for fifth weekly loss, aluminium awaits Trump-Putin summit

SSR Mining reports mixed bag in June quarter

By: Esmarie Swanepoel     13th July 2018 TSX- and New York-listed metals producer SSR Mining Inc has reported a mixed bag from its three operating mines during the three months to June Gold production from the Marigold operation increased by more than 15% during the quarter, to 49 436 oz, compared with the 42 960 oz delivered in the... 

Bail hearing postponed for men who allegedly torched mineworker bus, leaving six dead

By: News24Wire      13th July 2018 The case against five men who torched a bus in which six miners were killed earlier this year has been postponed until August for a formal bail application. Kgaogelo Moime, 29, Sipho Khumalo, 28, Thabo Mokgala, 32, Aubrey Tjie, 35, and Philimon Makwana, 34, stand accused of setting a bus on fire... 

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