http://www.miningweekly.com
R/€ = 16.34 Change: 0.05
R/$ = 14.17 Change: -0.01
Au 1226.91 $/oz Change: -2.64
Pt 835.50 $/oz Change: -8.64
 

Popular in the last 24 hours

GE calls for more coal power within the IRP 

By: Kim Cloete     Updated 3 hours ago General Electric (GE) has called on the South African government to reconsider investing in a further 1 600 MW of coal-fired power generation capacity, describing it as "the lifeblood" of South Africa’s economy, a significant job creator and important source of foreign exchange. “The removal of 1... 

Zambian power firm CEC divests from telecoms business

By: Reuters     17th October 2018 Copperbelt Energy Corp (CEC) has sold its 50% stake in CEC Liquid Telecom to Pan-African telecoms group Liquid Telecommunication Holdings, the power firm said on Tuesday. CEC, Zambia's main supplier of power for its mines, and Liquid Telecom were equal partners in the joint telecoms firm since... 

Organisations oppose coal in IRP public hearings 

By: Kim Cloete     16th October 2018 Public hearings into the Integrated Resources Plan (IRP) kicked off in Parliament on Tuesday, with several organisations voicing their concerns about the plan’s provision for new coal-fired power stations. Attorney Robyn Hugo of the Centre for Environmental Rights (CER) told Parliament’s... 

Calls for greater transformation in the energy industry 

By: Kim Cloete     16th October 2018 Calls for greater participation by black professionals in the energy industry were made during public hearings into the Integrated Resources Plan (IRP), held at Parliament, on Tuesday. The Black Energy Professionals Association, an organisation of black professionals that practice their trade... 

Ramp-up for Anglo American's Minas Rio mine likely delayed to 2021

By: Reuters     16th October 2018 Anglo American should restart operations at its Brazilian Minas Rio iron ore mine in November or December but a planned ramp-up to 26.5-million tonnes per year is likely to be pushed back to 2021 from 2020 as previously expected, the miner's Brazil chief said on Tuesday. The company halted... 

Ramp-up for Anglo American's Minas Rio mine likely delayed to 2021

Second activist targets Canadian miner Detour; seeks board changes

By: Reuters     16th October 2018 US hedge fund Livermore Partners is calling for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company. Livermore, which has engaged in other activist campaigns including at Canadian and UK media firm Entertainment... 

Chile's State copper firm outlines lifeline plan for Salvador mine

By: Reuters     17th October 2018 Chile's State copper miner, Codelco, has submitted an environmental impact assessment of its plans to overhaul its aging Salvador deposit that would sharply increase its production and extend its life by 40 years. The Rajo Inca project would convert the existing mine, which has been in operation... 

Freeport CEO may be ready to sell, but does anyone want to buy?

By: Bloomberg     17th October 2018 Freeport-McMoRan’s annual LME Week party is usually an opportunity for CEO Richard Adkerson to hobnob with the traders and consumers who buy copper from his mining company. At this year’s event, he was surrounded by investment bankers. With its biggest stock overhang – a deal around its... 

 Freeport CEO may be ready to sell, but does anyone want to buy?
Richard Adkerson

Samarco could begin partial production in 2020 after dam burst – Vale CEO

By: Reuters     17th October 2018 Samarco, a joint mining venture between Brazil's Vale and BHP Billiton, could resume production at a third of its capacity at the beginning of 2020, Vale's CEO said on Tuesday. Samarco halted operations in late 2015 after one of its dams collapsed, killing 19 people and causing one of Brazil's... 

Sibanye, Lonmin merger hearing postponed to November 

By: Creamer Media Reporter      17th October 2018 The Competition Tribunal's hearing into the proposed merger between precious metals miner Sibanye-Stillwater and platinum miner Lonmin has been postponed to November, the tribunal reported on Wednesday. The hearing was meant to start on October 18 but has been "postponed in agreement with all... 

Sibanye, Lonmin merger hearing postponed to November

Lynas raises storage red flag

By: Esmarie Iannucci     Updated 7 hours ago ASX-listed Lynas could well be faced with another dilemma if the Malaysian government is lax to respond to a request to extend the company’s permission to store NUF at the Lynas Advanced Materials Plant (LAMP). NUF is one of the two solid residues produced at LAMP. NUF is not a radioactive... 

BHP iron-ore output up, FY copper guidance trimmed

By: Esmarie Iannucci     Updated 7 hours ago Diversified giant BHP has reported increases in copper and iron-ore production during the three months to September, while petroleum and coal production fell. Iron-ore production for the three months to September was up by 10% on the previous corresponding period, to 61-million tonnes of ore,... 

BHP iron-ore output up, FY copper guidance trimmed
Photo by Bloomberg
BHP CEO Andrew Mackenzie

Troy reports wall failure at Karouni’s Smart 3 pit

By: Esmarie Iannucci     Updated 7 hours ago Gold miner Troy Resources has suspended operations in the Smarts 3 pit, at its Karouni operation, in Guyana, following a geotechnical event which resulted in a small failure of the northern wall of the pit. Troy said that while no injuries or damages were reported as a result of the wall... 

Soil sampling gets under way at Red Rock’s DRC copper/cobalt licence

By: Creamer Media Reporter      Updated 7 hours ago A soil sampling programme has started at a copper/cobalt licence in the Democratic Republic of Congo (DRC) owned by Aim-listed natural resources development company Red Rock Resources. The licence was recently acquired from a private seller. 

Brazilian assets start to deliver for Oz

By: Esmarie Iannucci     Updated 6 hours ago Copper/gold producer Oz Minerals has reported an increase on copper production for the three months to September, following the addition o f the Antas copper project, in Brazil. Copper production in the September quarter was up to 31 919 t, up from the 27 131 t produced in the previous quarter,... 

Vector secures $35m in additional debt

By: Esmarie Iannucci     Updated 6 hours ago ASX-listed junior Vector Resources has secured a $35-million debt funding for its Adidi-Kanga gold project, in the Democratic Republic of Congo. Dubai-based FT General Trading will provide the funding, which will be used for payments relating to the acquisition of the Adidi-Kanga project, the... 

Openpit mining starts at Wiluna

By: Esmarie Iannucci     Updated 6 hours ago Openpit mining has started at the Wiluna gold mine, in Western Australia. ASX-listed Blackham Resources said on Wednesday that the restart of mining at Wiluna was expected to increase plant feed grade, reduce haulage costs and significantly reduce mine sequencing risks due to more mining areas. 

Alkane takes a stake in Calidus

By: Esmarie Iannucci     Updated 6 hours ago The board of ASX-listed Alkane Resources has approved a A$3.6-million investment into fellow-listed Calidus Resources. Alkane will subscribe for 125-million shares in Calidus, priced at 2.95c a share, giving the diversified junior a near 8.8% interest in Calidus at the close of the transaction. 

Berkeley plunges on Spain permit uncertainty

By: Mariaan Webb     Updated 6 hours ago The stock of triple listed Berkeley Energia plunged on Wednesday, after news reports that the Spanish government has decided not to issue the permits needed for its Salamanca uranium mine. Berkley, which on Monday alerted investors to a delay in receiving an urbanisation licence, traded nearly... 

Berkeley plunges on Spain permit uncertainty

IDM sinks drills at Red Mountain

By: Creamer Media Reporter      Updated 6 hours ago TSX-V-listed IDM Mining is back drilling at the Red Mountain mine, west of Stewart, British Columbia, announcing on Tuesday that two core rigs had started operating at the underground project, An estimated 7 600 m in over 30 holes are planned for the exploration programme, which will test four... 

Explorer Central Timmins lists on TSX-V

By: Creamer Media Reporter      Updated 6 hours ago Ontario explorer Central Timmins Exploration has listed on the TSX-V this week, after closing its initial public offering (IPO), which raised C$1.5-million. The junior, which has assets prospective for gold and base metals in the Porcupine mining district, offered 15-million common shares at... 

Greek PM-wannabe says unblocking Skouries a priority

By: Bloomberg     Updated 6 hours ago Kyriakos Mitsotakis says he’s a man with a mission. The leader of New Democracy, currently Greece’s main opposition party – who will become Prime Minister if his party wins general elections next year – says what the country needs more than anything else is investment. With that in mind, he says... 

Greek PM-wannabe says unblocking Skouries a priority
The Skouries project.

Gulf cornerstone investor pulls out over mining moratorium risk

By: Esmarie Iannucci     Updated 5 hours ago Manganese ore and alloy developer Gulf Manganese has lost a cornerstone investor in the midst of uncertainty around a moratorium on all mining activities in East Nusa Tenggara, Indonesia. Gulf Manganese in August this year announced a A$10.8-million investment from Indonesian businessman Bapak... 

Indian potash import prices surge 21%

By: Ajoy K Das     Updated 5 hours ago Indian potash import prices have surged 21% to about $290/t for deliveries contracted between September 2018 and July 2019. Importers have warned that higher prices, coupled with a sharp depreciation of the Indian rupee below the Rs73 a dollar mark, would sharply increase the landed price of... 

India’s Coal Ministry passes strictures on Coal India

By: Ajoy K Das     Updated 4 hours ago Passing strident strictures on Coal India Limited (CIL) for failing to effectively review production and supplies, the Coal Ministry has directed the miner to immediately start liquidating coal stockpiles to mitigate shortages at power plants across the country. The Coal Ministry, in a rare... 

Acacia Mining says another employee arrested by Tanzania anti-corruption body

By: Reuters     Updated 3 hours ago Acacia Mining said on Wednesday an employee and a former employee were detained by Tanzania's anticorruption authority, a week after the gold miner said another staffer had been released on bail after being charged with corruption. Tanzania's ant-corruption authority was quoted by local media as... 

Hochschild ups production target

By: Creamer Media Reporter      Updated 2 hours 29 minutes ago London-listed Hochschild has raised its production target from 38-million ounces to 38.5-million ounces of silver equivalent, following a record nine-month performance. The miner, which operates three mines in Peru and one in Argentina, reported attributable nine-month production of 29.5-million... 

Amplats sets new benchmark with two Kom-Vision equipped vehicles at Mogalakwena complex 

By: Simone Liedtke     Updated 2 hours 12 minutes ago Platinum mining major Anglo American Platinum (Amplats) has acquired two Kom-Vision-equipped Komatsu 930E earthmoving vehicles that have entered into production at the Mogalakwena Complex, setting a new benchmark for the miner. Amplats’ safety strategy is based on four pillars, namely systems,... 

Asanko tracking top end of H2 guidance

By: Mariaan Webb     Updated 2 hours 4 minutes ago Mining operations at the Asanko Gold Mine (AGM) are ahead of plan, standing the Ghana joint venture (JV) operation in good stead to meet its full-year production guidance of 200 000 oz to 220 000 oz. The mine – a 50:50 JV between Asanko Gold and Gold Fields – produced a record 61 599 oz in the... 

First electricity from Imaloto slated for 2021 

By: Simone Liedtke     Updated 1 hour 53 minutes ago Aim-listed Bushveld Minerals, parent company of coal and energy company Lemur Holdings, on Wednesday announced that the Imaloto project is on track to deliver electricity to south-western Madagascar by 2021. The Imaloto project is a developing integrated thermal coal mining and independent power... 

First electricity from Imaloto slated for 2021
Bushveld Minerals CEO Fortune Mojapelo

Endeavour moves forward Ity gold pour

By: Mariaan Webb     Updated 1 hour 44 minutes ago The Ity carbon-in-leach (CIL) gold project that Endeavour Mining’s in-house team is building in Côte d'Ivoire is tracking two months ahead of schedule and will pour its first gold at the beginning of the March 2019 quarter, rather than mid-year, the Canadian firm reported on Wednesday. In a... 

Endeavour moves forward Ity gold pour
The process plant construction is more than 70% complete, tracking ahead of schedule.

Alcoa to close two Spanish aluminium plants with job losses

By: Reuters     Updated 1 hour 41 minutes ago Alcoa said on Wednesday it would close two of its three aluminium plants in Spain with a combined annual production of 180 000 metric tonnes, resulting in the lay off of almost 700 workers. The Aviles and La Coruna plants were two of the least productive due to intrinsic structural problems such... 

Jubilee reports solid Q3 performance, growing demand

By: Simone Liedtke     Updated 1 hour 31 minutes ago AltX- and Aim-listed Jubilee Metals has seen a growing demand from both small and global mining companies wanting to work with Jubilee to access the metals available in mine waste, CEO Leon Coetzer said on Wednesday. This statement comes amid the diversified metals recovery company having... 

Glencore chair Tony Hayward latest to drop out of Saudi conference

By: Reuters     Updated 1 hour 8 minutes ago Glencore said its chairman Tony Hayward will no longer be attending the Future Investment Initiative conference in Saudi Arabia, confirming a report in the Financial Times. He is the latest top executive to pull out of next week's high profile conference, amid widespread concern about the fate... 

Vast Resources, Botswana Diamonds receive preliminary geological assessment on Marange JV

By: Simone Liedtke     Updated 1 hour 4 minutes ago Aim-listed Vast Resources, together with Botswana Diamonds (BOD), have received an independent competent person’s preliminary geological assessment relating to the Heritage concession within the Marange diamond fields of Zimbabwe, in which specific exploration recommendations were made. As... 

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Close