R/€ = 16.41 Change: -0.01
R/$ = 13.88 Change: 0.10
Au 1289.60 $/oz Change: -1.36
Pt 935.00 $/oz Change: -4.00

Popular in the last 24 hours

Funding made available to advance Burkina Faso solar project

By: Megan van Wyngaardt     22nd November 2017 The Banque Internationale pour le Commerce, l’Industrie et l’Artisanat du Burkina (BICIAB), a BNP Paribas Group subsidiary, will provide $16.5-million in financing to Eren Renewable Energy for a 15 MW solar power plant that is under construction in Burkina Faso. The funding was granted to... 

Sibanye share price rises on gold tailings deal with DRDGold

By: Martin Creamer     22nd November 2017 The share price of Sibanye-Stillwater rose quickly and sharply on Wednesday on the news that the precious metals company had moved to create an industry-leading surface mining partnership with gold tailings retreatment company DRDGold. The proposed transaction, which saw the share price of... 

Sibanye share price rises on gold tailings deal with DRDGold
Photo by Duane Daws
Sibanye-Stillwater CEO Neal Froneman (left) and DRDGold CEO Niël Pretorius.

Gold Fields invests R6m to boost mechanised mining skills in South Africa

By: Nadine James     22nd November 2017 South African gold miner Gold Fields on Wednesday announced a R6-million, three-year partnership with the University of the Witwatersrand (Wits) to further academic knowledge in the field of mechanised mining and rock engineering in South Africa. Gold Fields CEO Nick Holland and Wits... 

Gold miners shifting focus back to growth

By: Megan van Wyngaardt     22nd November 2017 While global gold miners will gradually shift their focus from financial austerity to growth through acquisitions and increased spending, miners operating in sub-Saharan Africa (SSA) will face elevated costs owing to regulatory uncertainty, power shortages and labour unrest, according to... 

Gold miners shifting focus back to growth

Resgen in talks with Noble for support extension

By: Natasha Odendaal     22nd November 2017 ASX- and JSE-listed Resource Generation (Resgen) is in discussions with Noble Resources International to extend its support to the coal company until April amid a prolonged funding gap. As Resgen has been working to secure an alternative funding source that is not linked to committed domestic... 

Metals billionaire to win whether electric cars boom or bust

By: Bloomberg     22nd November 2017 There are two major reasons mining billionaire Vladimir Potanin is within a hair’s breadth of regaining his ranking as Russia’s richest tycoon this year. One is higher prices for nickel used in batteries as metals traders bet electric vehicles are the future of transportation. The other is a... 

Metals billionaire to win whether electric cars boom or bust
Mining billionaire Vladimir Potanin

South African silicosis case nears out-of-court settlement

By: Reuters     22nd November 2017 Lawyers acting for thousands of miners who contracted fatal lung diseases silicosis and TB in mines said on Tuesday settlement talks with implicated gold companies for an out-of-court deal could be reached by December. The High Court last year set the stage for protracted proceedings on cases... 

Indonesia's Antam eyes 162% jump in 2018 nickel ore sales

By: Reuters     22nd November 2017 Indonesia's state-owned diversified miner PT Aneka Tambang Tbk (Antam) is targetting a 162% jump in nickel ore sales next year to 11-million tonnes from an estimated 4.2-million tonnes this year, its CEO said on Wednesday. Of that amount approximately 3.9-million tonnes will be exported while... 

Evolution’s Klein expresses concern as young Australians shun mining as career option

By: Mariaan Webb     Updated 2 hours 58 minutes ago The mining industry has to pull together to make it an attractive career option for young people if the industry is to sustain itself, Evolution Mining chairperson Jake Klein said on Thursday, expressing concern about the low number of mining engineering enrolments and graduates at two Australian... 

Evolution’s Klein expresses concern as young Australians shun mining as career option
Evolution chairperson Jake Klein

Mountain Province records higher revenues from 9th diamond tender

By: Henry Lazenby     23rd November 2017 The seventh sale of diamonds produced from Mountain Province Diamonds’ 49%-owned Gahcho Kué mine, in Canada’s Northwest Territories, saw the average price of rough stones strengthen, despite a cautious market. The Toronto-headquartered company, which has a 49% stake in the Gahcho Kué mine, in... 

Santacruz restarts Veta Grande mill

By: Henry Lazenby     Updated 6 hours ago TSX-V-listed Santacruz Silver Mining has restarted operations at its Veta Grande mill, located in Zacatecas state, Mexico. The mill had been standing idle since November 3, when the Mexican Environmental Protection Agency halted operations until certain licencing documentation related to the... 

Union at Alcoa Canada aluminum smelter backs strike mandate

By: Reuters     22nd November 2017 Unionised workers at Alcoa's Canadian aluminium smelter in Becancour, Quebec have rejected the company's contract offer and adopted a strike mandate, the United Steelworkers said on Wednesday. The collective agreement for 1 030 unionised workers expires at 11:59 EST Wednesday, after which... 

Torex sets El Limon Guajes record straight as rival unions clash

By: Henry Lazenby     22nd November 2017 Canadian gold producer Torex Gold Resources has issued a press release criticising a labour union and the media for spreading misinformation regarding an incident over the weekend where two people were killed near its El Limon Guajes (ELG) mine, in Mexico. The Toronto-based company said that an... 

Altiplano earns half of Comet JV; starts bulk sample

By: Henry Lazenby     Updated 7 hours ago Exploration junior Altiplano Minerals has earned a 50% stake in the Comet Joint Venture (CJV) with Comet Exploration, which is conducting exploration on the Farellon and Maria Luisa copper/gold development projects, in Chile. Headed by John Williamson, co-founder of Kaminak Gold, which discovered... 

Altiplano earns half of Comet JV; starts bulk sample
Photo by Altiplano Minerals
Farellon mineralisation, Chile

Brazil lower house okays higher mining royalties, new regulator

By: Reuters     22nd November 2017 Brazil's lower house of Congress on Wednesday passed a bill that would boost royalty rates on iron ore by 75% - instead of doubling the rates as had been proposed - and later voted to approve the creation of a new mining regulator. Under the revised plan, gold mining royalties would rise 50%,... 

Northern Vertex files PEA on expanded Moss mine plan

By: Henry Lazenby     Updated 6 hours ago Canadian project developer Northern Vertex has filed with securities regulators a preliminary economic assessment (PEA) examining the merit of building and expanded operation at its 100%-owned Moss gold/silver mine, in Arizona. First published in October, the PEA sets out the technical and... 

Savannah reports 'significant' lithium intersections at Portugal project

By: Creamer Media Reporter      22nd November 2017 The reverse circulation (RC) drill programme for the Mina do Barroso lithium project, in Portugal, has returned significant intersections of lithium mineralisation, Aim-quoted Savannah Resources reported on Wednesday. The company has completed a further 27 holes f 

Triton inches closer to opening Ancuabe graphite project

By: Megan van Wyngaardt     22nd November 2017 ASX-listed Triton Minerals has started the transition from explorer to developer with the submission by its subsidiary Grafex Limitada of its Mining concession application (MCA) to the Instituto Nacional de Minas (INAMI) for its large flake, high-purity Ancuabe graphite project in northern... 

NUM signs three-year wage agreement with coal producers

By: Reuters     Updated 1 hour 9 minutes ago The National Union of Mineworkers (NUM) has agreed a three-year wage agreement with coal producers, averting a sector-wide strike, the union said on Thursday. The union reached the agreement, which varies for each coal producer, after saying last month it would call a strike if wage demands were... 

In shadow of Opec's noisy oil cuts, Asia's miners quietly tightened coal supplies

By: Reuters     22nd November 2017 Australian and Indonesian miners have quietly done in the last two years what Opec has been shouting about: tighten coal markets and prop up prices. The informal coal output reductions, unlike the official cuts in place since January led by the Organization of the Petroleum Exporting Countries... 

Maximus sees opportunities for further gold deposits at Spargoville

By: Megan van Wyngaardt     22nd November 2017 ASX-listed gold miner Maximus Resources on Wednesday said it was aggressively pursuing further resource definition across the Spargoville gold project area, 70 km south of Kalgoorlie, in Western Australia’s eastern goldfields, while actively progressing the conversion of existing resources into... 

Lithium Power raises A$15m

By: Mariaan Webb     22nd November 2017 Pure-play lithium explorer Lithium International has raised A$15-million in an institutional placement, which allows the company to complete its earn-in in the Maricunga joint venture (JV) and to start preconstruction works. Lithium International, which is listed on the ASX, will have a 50%... 

Scope of Kerimov's immunity status up to judge to decide upon, says France

By: Reuters     22nd November 2017 The scope of the immunity status accorded to Russian businessman and lawmaker Suleiman Kerimov, who has been arrested in France, is up to the French judge dealing with the matter to decide upon, said the French foreign ministry. Kerimov was arrested by French police at Nice airport on Monday... 

Panoramic hopeful of return to producer status in near future

By: Mariaan Webb     Updated 4 minutes ago The stronger nickel market and a weaker Australian dollar are working in Western Australian firm Panoramic Resources’ favour as it works towards a decision about restarting the Savannah nickel mine, in the East Kimberley. The Savannah mine has been on care and maintenance for a year-and-a-half,... 


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