http://www.miningweekly.com
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 This Month

Centamin lifts Q3 Ebitda by 57% q/q

By: Creamer Media Reporter      2nd November 2017 Egypt-focused Centamin’s earnings before interest, taxes, depreciation and amortisation (Ebitda) increased by 57% quarter-on-quarter to $103.6-million for the third quarter ended September 30. The higher Ebitda was the result of an increase in gold sales to 150 273 oz and a higher average... 

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... 

Relook at low-carat pipes could spring big diamond surprises   

By: Martin Creamer     25th October 2017 Diamond kimberlites with a very low number of carats per hundred tons have in the past tended to be passed over by diamond mine developers, but their propensity to host big Type II diamonds that sell for large sums of money is now being acknowledged. Although diamond company De Beers walked away... 

Relook at low-carat pipes could spring big diamond surprises

Anglo American investors demand clarity as dealmaker chairman arrives

By: Reuters     31st October 2017 Anglo American's new chairperson, who arrives on Wednesday, faces investor calls for clear direction at the miner, long seen as a potential takeover target. The smallest of the world's four big miners, Anglo is viewed as the most vulnerable to being bought, and incoming chairperson Stuart... 

Anglo American investors demand clarity as dealmaker chairman arrives
Anglo American CEO Mark Cutifani

Exxaro spending R20bn on coal projects

By: Martin Creamer     27th October 2017 One of South Africa’s largest and foremost black-empowered mining companies, Exxaro Resources, is implementing a five-year, R20-billion capital expenditure (capex) programme on coal mining projects in Limpopo and Mpumalanga. The black-led JSE-listed company has seven coal projects under way, four... 

Exxaro spending R20bn on coal projects
Photo by Duane Daws
Exxaro CEO Mxolisi Mgojo

Glencore is said close to creating mining royalty company

By: Bloomberg     15th November 2017 Glencore is close to finalising a $700-million deal with the Ontario Teachers’ Pension Plan to create a new base-metals royalty company, according to people familiar with the matter. The Swiss commodity giant will bring royalty agreements from about 10 mines, while Ontario Teachers’ will... 

Glencore is said close to creating mining royalty company
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Battery boom relies on one African nation avoiding chaos of past

By: Bloomberg     27th October 2017 The cars of the future will depend increasingly upon supplies of an obscure metal from a country in the African tropics where there has never been a peaceful transition of power and child labor is still used in parts of the mining industry. Most major automakers are pledging to build millions of... 

South Africa crucial to global chrome supply, Chromium 2017 hears 

By: Martin Creamer     10th November 2017 South Africa is an irreplaceable supplier of chrome ore and ferrochrome, which is, in turn, an irreplaceable component of China-dominated stainless steel production, global delegates to last week’s well-attended Chromium 2017 conference heard. South Africa, as the dominant global chrome producer,... 

South Africa crucial to global chrome supply, Chromium 2017 hears

Kibali Africa’s most mechanised gold mine – Randgold

By: Martin Creamer     2nd November 2017 If you want to make money in mining, you must be efficient and a company taking efficiency to new heights in Africa is Randgold Resources. While there is a perception in some developed world minds that in Africa mineworkers arrive at the gate, pick up a spade and go out there and shovel stuff,... 

Kibali Africa’s most mechanised gold mine – Randgold
Randgold Resources CE Mark Bristow underground at Kibali

Zimbabwe invites investment in underground chrome mining 

By: Martin Creamer     8th November 2017 Zimbabwe on Wednesday invited investors to focus on underground chromium operations rather than cheaper strip mining operations, from which most of the country’s chromium ore is currently extracted. In a keynote opening address to the 33rd Chromium Conference, which is being held in South Africa,... 

Zimbabwe invites investment in underground chrome mining

Anglo Platinum co-opens pipe factory in Mokopane

By: Martin Creamer     1st November 2017 Anglo American Platinum has drawn applause for its role in the opening of a new pipe factory in job-short Limpopo, which is aimed at sustainably developing the community of Mokopane, where the mining company operates its rich Mogalawena opencast platinum mine. Anglo American Platinum partnered... 

Anglo Platinum co-opens pipe factory in Mokopane
Photo by Duane Daws
Anglo American Platinum CEO Chris Griffith

Surviving on $3/oz has Lonmin in race against time

By: Bloomberg     9th November 2017 Every day, Lonmin sends thousands of miners hundreds of meters below ground, where they use drills, diggers and explosives to extract about 40 000 metric tons of rock laden with precious metals. The ore is milled, crushed, concentrated, smelted and refined in a month-long process that eventually... 

Ghost town of Cobalt gets first jolt from Tesla’s electric cars

By: Bloomberg     1st November 2017 Ironically, Cobalt, Ontario – population 1,100 – was built on silver. Remnants of a boom that transformed the town more than a century ago are everywhere. A mine headframe still protrudes from the roof of the bookstore, which was previously a grocery. The butcher used to toss unwanted bones down... 

Mad scramble for lithium mines stretches from Congo to Cornwall

By: Bloomberg     25th October 2017 For evidence of just how hot battery ingredient lithium is right now, look no further than Australia’s AVZ Minerals. A penny stock until a few months ago, the mining hopeful has surged about 1 500% this year. The proposition: recasting a remote, century-old tin mine in the Democratic Republic of... 

Glencore Congo deals are said to be part of latest offshore leak

By: Bloomberg     30th October 2017 Glencore could face renewed scrutiny of its business in the Democratic Republic of Congo after confidential information was released in the data breach of a major offshore law firm, according to people familiar with the matter. The documents relate to Glencore’s acquisition of Katanga Mining,... 

One of the world's biggest miners is about to go coal free

By: Bloomberg     10th November 2017 Just five years ago it would have been almost unthinkable that one of the world’s biggest mining companies would not dig any coal. It’s now likely to become a reality. Rio Tinto Group, the world’s second-largest miner, has been steadily backtracking from coal to focus on better assets. It’s now... 

One of the world's biggest miners is about to go coal free

Orion initiates hitech regional exploration in Northern Cape

By: Martin Creamer     16th November 2017 Sydney- and Johannesburg-listed company Orion Minerals will from November 26 initiate an airborne survey across a large area of South Africa’s Northern Cape as part of a regional exploration programme that will make use of the latest available technology in an area last explored in the 1980s.... 

Orion initiates hitech regional exploration in Northern Cape
A SkyTEM survey operation.

DRC’s State mining company hiding revenues – Carter Center

By: Martin Creamer     6th November 2017 Certain revenues of Democratic Republic of Congo (DRC) State mining company Gécamines are not directed to the public treasury and are largely beyond the realm of public oversight, resulting in the DRC and its people being deprived of many of the benefits of its rich minerals endowment, the Carter... 

DRC’s State mining company hiding revenues – Carter Center
Former US President Jimmy Carter

Ivanhoe hits shaft-digging milestone at Platreef

By: Henry Lazenby     1st November 2017 Africa-focused megaproject developer Ivanhoe Mines has reached the 500-m level below surface, during construction of the first shaft of the Platreef platinum-group meals (PGM) project, in South Africa's Limpopo province. The 7.25-m-diameter Shaft 1, which is expected to reach the Flatreef... 

Ivanhoe hits shaft-digging milestone at Platreef
Photo by Ivanhoe Mines
Platreef's Shaft 1 sinking headgear and related surface infrastructure

Sampling confirms lithium in Namibia – Montero

By: Martin Creamer     17th November 2017 Exploration and development company Montero, which is putting mineralisation to the test in Namibia in search of a lithium resource, on Friday confirmed the presence of the soft silver-white metal in central Namibia. “Montero’s first channel sampling programme has confirmed lithium,” Montero CEO... 

Sampling confirms lithium in Namibia – Montero
Montero CEO Dr Tony Harwood

Deepening nickel deficit forecast as EV market booms

By: Creamer Media Reporter      25th October 2017 As the world is speeding ahead with a move towards more electric vehicles (EVs), including hybrids, plug-ins and full electric cars, the nickel market is heading for deepening deficits, falling stocks and rising prices. This is the view of Wood Mackenzie principal analyst Sean Mulshaw, who... 

Deepening nickel deficit forecast as EV market booms

BHP-Vale deal distances Brazil mine from $53bn in lawsuits

By: Bloomberg     19th November 2017 It came down to the wire, but BHP Billiton, Vale SA and their Samarco joint venture managed to close a deal with prosecutors that distances the companies from 175-billion reais ($53-billion) in lawsuits. Their lawyers filed documents late Thursday requesting that the presiding judge suspend two... 

BHP-Vale deal distances Brazil mine from $53bn in lawsuits

Glencore CFO to assist Katanga in strengthening its corporate governance

By: Natasha Odendaal     20th November 2017 JSE- and LSE-listed Glencore has nominated three directors, including its CFO Steve Kalmin, to serve on the board of subsidiary company, TSX-listed Katanga Mining. The three directors will work with Katanga’s independent directors to implement the required remediation measures to strengthen... 

Glencore CFO to assist Katanga in strengthening its corporate governance
Glencore CFO Steve Kalmin

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate
Photo by Creamer Media
Investing in African Mining Indaba MD Alex Grose (right) and Martin Creamer

BHP facing uncertain future as shareholders push for change

By: Esmarie Swanepoel     17th November 2017 Ratings agencies and analysts have raised concerns about the future of mining major BHP in the wake of actions taken by so-called activist shareholders. The mining giant’s second-largest holder of its London-listed shares, fund manager Elliot Associates & Elliot International, has been picking at... 

BHP facing uncertain future as shareholders push for change

China sets tone for future vanadium-flow battery development

By: Henry Lazenby     4th November 2017 The Chinese government has awarded a major contract to privately held clean technology innovator Pu Neng Energy for the construction of a 12 MWh vanadium-flow battery, as Phase 1 of a larger 40 MWh energy storage project, in Hubei province. This first phase will be installed in Zaoyang, Hubei, to... 

Gowest aims to unlock refractory gold potential of legendary Timmins Camp

By: Henry Lazenby     14th November 2017 Little-known exploration and development company Gowest Gold is preparing to become the newest gold producer in the legendary Timmins Gold Camp, which, since its discovery in the early 1900s, has produced almost half of all the gold mined in Canada. The TSX-V-listed company is moving its North... 

Gowest aims to unlock refractory gold potential of legendary Timmins Camp
Photo by Gowest Gold
Construction underway at Gowest Gold's North Timmins gold project, in Ontario

Better regulations needed to prevent tailings dam failures – UNEP

By: Megan van Wyngaardt     15th November 2017 In the last decade, there have been over 40 mining waste failures, killing some 341 people and damaging hundreds of kilometers of waterways, affecting drinking water sources and the livelihood of communities, a new report entitled ‘Mine Tailings Storage: Safety Is No Accident’, reveals. The... 

Better regulations needed to prevent tailings dam failures – UNEP

Tesla truck supercharges hopes for boom in battery metals demand

By: Bloomberg     19th November 2017 Tesla’s plans to roll out an all-electric big rig have given a fresh jolt to the outlook for battery metals that will go into powering the truck founder Elon Musk is calling “The Beast.” Banks including Goldman Sachs Group, UBS Group and Bank of America are already forecasting a surge in demand... 

Eastplats could lose mining rights as shareholders relinquish BEE interest

By: Megan van Wyngaardt     8th November 2017 Dual-listed Eastern Platinum (Eastplats) could be facing regulatory challenges with the Department of Mineral Resources, following the relinquishment of interests by its black economic empowerment (BEE) shareholders.   The company on Tuesday said Gubevu Consortium Investment Holdings’ and Lion’s... 

Rustenburg picks up, Marula turns, fatalities sadden – Implats

By: Martin Creamer     31st October 2017 Improved efficiencies and production levels at the Impala Rustenburg mine coincided with a turnaround at the Marula mine in the three months to September 30, Impala Platinum Holdings (Implats) said on Tuesday, when it expressed disappointment at five fatalities at Impala Rustenburg and one at... 

Rustenburg picks up, Marula turns, fatalities sadden – Implats
Photo by Duane Daws
Implats CEO Nico Muller

Resilient Lonmin beats guidance, ups cash

By: Martin Creamer     3rd November 2017 The board of platinum mining company Lonmin has decided to extend the date of the publication of its 2017 financial results to afford management the opportunity to give undivided attention to the group’s operational review, which is targeting a viable business plan based on the possible raising... 

Resilient Lonmin beats guidance, ups cash
Lonmin CEO Ben Magara

BHP aims for more copper, oil; steers away from EV minerals

By: Reuters     3rd November 2017 The world's biggest miner BHP's response to the electric vehicle debate is to hunt for new reserves of copper and oil, while seeking a buyer for its assets to produce battery-grade nickel and steering clear of lithium and cobalt. Arnoud Balhuizen, chief commercial officer at BHP, has said 2017... 

Third-quarter Sibanye-Stillwater operating profit up 41%

By: Martin Creamer     26th October 2017 The group operating profit of Sibanye-Stillwater in the three months to the end of September was 41% higher than last year’s third quarter and 5% up year-on-year. The Johannesburg- and New York-listed precious metals mining company, headed by CEO Neal Froneman, on Thursday reported group... 

Third-quarter Sibanye-Stillwater operating profit up 41%
Photo by Duane Daws
Sibanye-Stillwater CEO Neal Froneman

Global copper balance widens to 160 000 t deficit as refined output stalls

By: Henry Lazenby     31st October 2017 The world's refined copper balance has increased to 160 000 t for the first seven months of 2017, as refined copper supply has stagnated, according to the International Copper Study Group (ICSG). The Lisbon-based think tank said the July deficit was in fact the lowest recorded so far this year,... 

Global copper balance widens to 160 000 t deficit as refined output stalls

Forecast iron-ore price drop influenced by Chinese economic refocusing

By: Megan van Wyngaardt     15th November 2017 Maintaining its iron-ore price forecast at an average of $70/t for the year and $50/t for 2018, research firm BMI says its predicted price drop is influenced by China’s economic refocusing away from heavy industry. “This will dampen demand for iron-ore,” said the firm on Wednesday, adding that,... 

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
Register Close