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Popular This Month

South32 invests C$110m in Canada-based explorer

By: Esmarie Swanepoel     2nd May 2017 Diversified miner South32 has taken a C$110.3-million share placement in TSX-listed Arizona Mining, which is hunting for zinc in the US. South32 will subscribe for 45-million shares in Arizona Mining, priced at C$2.45 a share, which Vancouver-based Arizona said on Tuesday represented around 15%... 

South32 invests C$110m in Canada-based explorer

Inpex-operated Ichthys falls behind on schedule

By: Esmarie Swanepoel     2nd May 2017 The start of the Ichthys liquefied natural gas (LNG) project has been delayed by months, following delays in the installation of offshore production facilities. The 8.9-million-tonne-a-year project had initially been slated to start production in the third quarter of 2017; however, project... 

Mining restarts at Tarcoola

By: Esmarie Swanepoel     2nd May 2017 Mining operations at the Tarcoola gold mine, in South Australia, have resumed following a temporary suspension in April. ASX-listed WPG Resources in April halted production at Tarcoola following two significant rainfall events, which closed roads leading into the mine, causing disruptions to... 

Pilbara and Ganfeng ink long-term offtake agreement

By: Esmarie Swanepoel     2nd May 2017 ASX-listed Pilbara Minerals has signed a long-term offtake and financing support agreement with China’s Jiangxi Ganfeng Lithium over the Stage 1 production of the Pilgangoora lithium/tantalum project, in Western Australia. The Stage 1 offtake agreement comprises 160 000 t/y of chemical-grade... 

Salt Lake raises cash for potash pilot

By: Esmarie Swanepoel     2nd May 2017 Minerals explorer Salt Lake Potash will raise some A$17.6-million to develop its Goldfields Salt Lakes project, in Western Australia. The company on Tuesday said that it had received firm commitments for institutional and sophisticated investors in the UK and Australia, to subscribe for... 

Cokal converts loans to royalty payments

By: Esmarie Swanepoel     2nd May 2017 Coal developer Cokal has entered into a royalty agreement with its senior lenders to convert its $13.8-million outstanding loans to a production royalty. The ASX-listed company on Tuesday told shareholders that from the start of commercial production, lender Platinum Group would be entitled to a... 

New drilling technique to cut millions at Admiral Bay

By: Esmarie Swanepoel     2nd May 2017 A prefeasibility study (PFS) into the Admiral Bay zinc project, in Western Australia, is expected to cost ASX-listed Metalicity A$30-million to complete, with the miner saying on Tuesday that the study would take about 18 months to complete. The new PFS budget has been designed using directional... 

Mineral-rich area of Papua New Guinea lifts decades-old ban on new mining

By: Reuters     2nd May 2017 A mineral-rich region of Papua New Guinea has lifted a 40-year-old ban on new mining and exploration, opening the way for iron ore and copper operations. The autonomous Bougainville region has a troubled history over resource development, with a bloody secessionist conflict erupting in the late... 

Precipitous platinum price plunge putting industry at risk 

By: Martin Creamer     5th May 2017 This week’s precipitous platinum price plunge to as low as $893/oz is putting the entire platinum industry at risk, making it essential that steady hands are placed on the tiller to ensure that a national patrimony is protected. While the entire industry has been accepting a lower-for-longer... 

Precipitous platinum price plunge putting industry at risk
Photo by Bloomberg
Platinum down to dangerously low price levels

New cost-slashing platinum technology gaining impressive momentum

By: Martin Creamer     18th May 2017 The new cost-slashing, time-saving, capital-unlocking, mine-broadening and cobalt-saving platinum technology, driven by diversified mining company Pallinghurst and South Africa’s State-owned Industrial Development Corporation (IDC), is gaining impressive international momentum as an initiative... 

New cost-slashing platinum technology gaining impressive momentum
Photo by Duane Daws
Pallinghurst chairperson Brian Gilbertson (centre), Pallinghurst CEO Arne Frandsen (right) in an earlier discussion with Martin Creamer on the new platinum technology.

Mponeng being set up as new, cheap, ultra-deep mine – AngloGold

By: Martin Creamer     8th May 2017 The global gold mining industry has reached a point where companies either need to reinvest to bolster their portfolios or turn to mergers and acquisitions, AngloGold Ashanti CEO Srinivasan Venkatakrishnan (Venkat) said on Monday, when he made it clear that AngloGold is firmly in the reinvestment... 

Mponeng being set up as new, cheap, ultra-deep mine – AngloGold
Photo by Duane Daws
AngloGold Ashanti CEO Srinivasan Venkatakrishnan (Venkat)

De Beers leads research project to deliver carbon-neutral mining at its operations 

By: Mia Breytenbach     4th May 2017 Diamond miner De Beers Group is leading a groundbreaking research project that aims to deliver carbon-neutral mining at some of its operations in as few as five years. The company’s scientists, in close collaboration with a team of internationally renowned scientists, are investigating the... 

De Beers leads research project to deliver carbon-neutral mining at its operations

Glencore says electric car boom is coming faster than expected

By: Bloomberg     16th May 2017 Glencore CEO Ivan Glasenberg said the rise of electric cars will significantly boost demand for minerals including copper and lithium in the coming decades. “The electric vehicle revolution is happening and its impact is likely to be felt faster than expected,” Glasenberg told investors at an... 

Glencore says electric car boom is coming faster than expected
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Surging copper stockpiles point to concerns over global demand

By: Bloomberg     5th May 2017 Another surge in copper stockpiles tracked by the world’s top base-metals bourse is reigniting concerns about demand for the material that’s often viewed by investors as a bellwether for the global economy. A 40% jump in inventories monitored by the London Metal Exchange in just three days comes... 

Shadow Minerals Minister warns of ‘disastrous’ mining outlook 

By: Martin Creamer     18th May 2017 Shadow Mineral Resources Minister James Lorimer forecasts that South Africa’s new minerals legislation and new charter will be “disastrous” for an industry already crippled by hugely diminished capital injection and massive year-on-year job loss. The Opposition Democratic Alliance (DA) MP, who... 

Shadow Minerals Minister warns of ‘disastrous’ mining outlook
Shadow Mineral Resources Minister James Lorimer

Violent protestors demand 1 500 new jobs from struggling Lonmin 

By: Martin Creamer     11th May 2017 Platinum company Lonmin on Thursday expressed deep concern about ongoing violence, damage to property and intimidation of employees by the near-mine Bapo Ba Mogale community, which is demanding 1 000 jobs for its members and 500 cadet positions for its unemployed youth.   The London- and... 

Violent protestors demand 1 500 new jobs from struggling Lonmin
Lonmin CEO Ben Magara, who is also acting COO. Personally, he has not taken a pay increase since taking over the reins of the company in 2013

China’s private investor gold surge seen as strong signal

By: Martin Creamer     10th May 2017 The 30% rise in China’s private investor gold demand in the first three months of this year is seen as “a very strong signal” by World Gold Council member and market relations head John Mulligan, who views this market as being one of good potential ongoing growth. The rise by China’s private... 

China’s private investor gold surge seen as strong signal
Photo by World Gold Council
World Gold Council member and market relations head John Mulligan

Move over Tesla, Europe's building its own battery gigafactories

By: Bloomberg     22nd May 2017 Battery-making gigafactories are about to arrive in Europe, challenging a lead Tesla is building at a plant in Nevada and opening the way for a quicker shift toward green power for both cars and utilities. German Chancellor Angela Merkel on Monday is scheduled to break ground at a €500 million... 

Move over Tesla, Europe's building its own battery gigafactories

Mgojo elected president as chamber heads for new beginning, new name, rebranding

By: Martin Creamer     24th May 2017 It is an organisation that is more relevant today than it has ever been in its 128-year history. Its role is so much more than mining. It operates in a changing environment and needs to contemplate its own new identity and name. 

Mgojo elected president as chamber heads for new beginning, new name, rebranding
Photo by Duane Daws
New Chamber of Mines of South Africa president Mxolisi Mgojo

DRC becoming fastest-growing mining market – BMI

By: Creamer Media Reporter      3rd May 2017 The Democratic Republic of Congo (DRC) will vie with Peru as the fastest growing major mining market in the world during the next five years, forecasts research firm BMI.  The firm states that the DRC benefits from low labour costs, high ore grades and vast untapped resources that will attract... 

Paladin to proceed with potential Langer Heinrich mine sale

By: Henry Lazenby     6th May 2017 ASX- and TSX-listed uranium miner Paladin Energy has agreed to allow an independent valuation process to move forward regarding the sale of its 75%-stake in the Langer Heinrich mine (LHM), in Namibia’s Erongo region, to joint venture (JV) partner China National Nuclear Corporation’s (CNNC’s)... 

Glencore warns on copper future in Qld

By: Esmarie Swanepoel     1st May 2017 Diversified major Glencore has warned that the future of its copper processing operations in Queensland could be under threat if electricity prices continued to rise. COO of the company’s copper assets in Australia, Mike Westerman said that future investment in energy intensive operations in the... 

Glencore warns on copper future in Qld

Chinese steel industry policies to boost iron-ore demand – Rio Tinto CEO

By: Megan van Wyngaardt     16th May 2017 Rio Tinto CEO Jean-Sébastien Jacques is confident China will continue to drive demand for mining products and iron-ore in particular, despite introducing new policies that will make environmental permits for steel mills harder to obtain and slow capacity. The country plans to eliminate... 

Lonmin buys remaining Pandora stake

By: Martin Creamer     15th May 2017 Platinum mining company Lonmin has bought the remaining 7.5% stake in Pandora platinum operation from Northam Platinum. In November last year, Lonmin entered into a sale and purchase agreement to acquire Anglo American Platinum’s 42.5% stake in Pandora, taking ownership to 92.5% of an asset with... 

Lonmin buys remaining Pandora stake
Lonmin CEO and COO Ben Magara

Analyst sees global diamond output rising 11.5% in 2017

By: Henry Lazenby     9th May 2017 Global mined diamond output in 2017 is expected to increase 11.5% year-over-year to 142.3-million carats, worth some $15.6-billion, which itself is a 9.9% increase in forecast total value produced, evaluation by independent diamond analyst Paul Zimnisky has found. The top ten largest mines in the... 

Analyst sees global diamond output rising 11.5% in 2017

Royal Mint launches first ever platinum products

By: Martin Creamer     15th May 2017 The Royal Mint, one of the world’s oldest issuers of bullion coins and bars, on Monday launched its first ever platinum bullion products. In what is potentially a beneficial measure to boost platinum demand, the 1 000-year-old organisation has launched 500 g and kilo platinum bars as... 

Royal Mint launches first ever platinum products
Platinum coins

Pallinghurst share price leaps on value unlock outline

By: Martin Creamer     19th May 2017 The share price of mining investment fund Pallinghurst leapt in Johannesburg after the company outlined its plans to swop its investment fund shawl for a diversified miner’s mantle, unlock value through full absorption of its coloured gemstone associate and target a possible listing of the... 

Pallinghurst share price leaps on value unlock outline
Photo by Duane Daws
Arne Frandsen (left) and Brian Gilbertson at Pallinghurst's listing on the JSE ten years ago

Sherritt scales back Ambatovy ownership, to remain operator

By: Henry Lazenby     2nd May 2017 Canadian diversified miner Sherritt International has reached agreement with its joint venture (JV) partners to reduce its interest in the Ambatovy nickel/cobalt mine, in Madagascar, from 40% to 12%. Sherritt, which derives about a quarter of its revenue from Ambatovy, has long ceased funding... 

Sherritt scales back Ambatovy ownership, to remain operator
Photo by Sherritt International
Ambatovy, Madagascar

First Quantum asks Zambian attorney general to block charges

By: Bloomberg     9th May 2017 First Quantum Minerals has asked Zambia’s attorney general to block criminal proceedings that may be brought against its directors of a State-controlled mining-investment company. The copper producer, based in Vancouver, said it’s been “reliably informed” that  ZCCM Investments Holdings is... 

Paladin fights to maintain TSX listing

By: Esmarie Swanepoel     19th May 2017 The TSX has given uranium miner Paladin Energy 90 days to comply with all the requirements for continued listing, including its financial solvency. If the company could not demonstrate that it met the bourse's requirements before August 14, the company’s securities will be delisted 30 days later. 

Deshnee Naidoo in Tasmania as govt invests in copper restart

By: Martin Creamer     2nd May 2017 Deshnee Naidoo, who is leading the development of former Anglo American-owned zinc assets in South Africa’s Northern Cape, has just returned from a fruitful interface with the Tasmanian government, which has chosen to invest A$9.5-million in the proposed restart of the Mount Lyell copper mine, a... 

Deshnee Naidoo in Tasmania as govt invests in copper restart
Vedanta Zinc International and CMT CEO Deshnee Naidoo, flanked by Tasmanian Premier Will Hodgman (right) and Resources Minister Guy Barnett (left) with CMT GM Peter Walker far right.

More South African mining jobs at stake on policy uncertainty – Amplats CEO

By: Reuters     17th May 2017 Policy uncertainty in South Africa and low commodity prices are hurting investment in the mining sector and will lead to further job cuts, the chief executive of the world's biggest platinum miner, Anglo American Platinum (Amplats), said on Tuesday. The embattled industry is waiting for the... 

More South African mining jobs at stake on policy uncertainty – Amplats CEO
Photo by Duane Daws
Amplats CEO Chris Griffith

Vedanta hits production high spot at Black Mountain

By: Martin Creamer     24th May 2017 Diversified mining company Vedanta has achieved its highest quarterly production in four years at Black Mountain in South Africa, where the Gamsberg zinc project is on track to begin production towards the middle of next year. In addition, mobilisation on the Skorpion pit layback, in neighbouring... 

Vedanta hits production high spot at Black Mountain
Photo by Bloomberg
Vedanta chairperson Anil Agarwal

Platinum-boosting coin, reserve currency plans being revisited

By: Martin Creamer     12th May 2017 Plans to produce platinum coins and instate platinum as a reserve currency are being revisited to boost demand for the precious metal, leveraging off what have been long-standing demand-boosting mechanisms for gold. Mining Weekly Online can today report that strong corporate voices are again... 

Platinum-boosting coin, reserve currency plans being revisited
Photo by Bloomberg
Dust being taken off plans to instate platinum as a reserve currency, mimicking gold

Rockwell loses bid to have liquidation hearings brought forward

By: Natasha Odendaal     2nd May 2017 Dual-listed alluvial diamond miner Rockwell Diamonds’ move to file for business rescue to ensure any liquidation order is automatically stayed, has inadvertently removed the “urgency” it sought to establish by bringing forward the hearing date for the interim liquidation order against three of... 

Rockwell loses bid to have liquidation hearings brought forward

Zimbabwe plans $200m platinum refinery with Australia's Kelltech

By: Reuters     17th May 2017 Zimbabwe is planning to build a $200-million platinum refinery next year in a joint venture with Australia's Kelltech, the Mines Minister said on Wednesday. The Southern African nation holds the world's largest deposits of platinum after South Africa and has been pushing mining firms operating in... 

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