http://www.miningweekly.com
R/€ = 15.30 Change: -15.14
R/$ = 13.63 Change: -13.49
Au 1325.60 $/oz Change: 4.52
Pt 1040.50 $/oz Change: 18.50
 

Asia News

New explorer Ocean Minerals to look offshore Cook Islands for REEs

By: Henry Lazenby     Updated 2 hours 40 minutes ago Recently formed US-based exploration company Ocean Minerals is heading to the exclusive economic zone of the Cook Islands, in the Southern Pacific, to look for rare earth elements (REEs) and scandium on the deep ocean floor. The Houston, Texas-based company Wednesday joined the likes of Canadian... 

Canada approves Pacific NorthWest LNG project, but investment decision 'far from certain'

By: Henry Lazenby     28th September 2016 The Canadian federal government has approved the C$11-billion Pacific NorthWest LNG project, a proposal to construct and operate a liquefied natural gas (LNG) facility and marine terminal near Prince Rupert, on British Columbia's North Coast. Majority owned by Malaysia-based Petronas, the project... 

Canada approves Pacific NorthWest LNG project, but investment decision 'far from certain'
Photo by Pacific NorthWest LNG
A rendering of the Petronas Pacific NorthWest LNG plant, in Prince Rupert, BC

Wescoal secures long-term coal export business

By: Martin Creamer     28th September 2016 Coal mining and marketing company Wescoal has finalised a series of coal contracts in line with its stated intention of supplying a million tonnes of coal a year into the export market. The coal purchase confirmations, which involve the supply of more than five-million tonnes of coal from... 

Wescoal secures long-term coal export business
Photo by Duane Daws
Wescoal CEO Waheed Sulaiman

Project house DRA appoints new CEO

By: Martin Creamer     28th September 2016 Project house DRA on Wednesday announced the appointment of Wray Carvelas as its new CEO. Carvelas, who has been CEO of DRA Americas for the past five years, has served the company in various key capacities since 2001. 

Project house DRA appoints new CEO
New DRA CEO Wray Carvelas

China tells mines to raise thermal coal output again – sources

By: Reuters     28th September 2016 China has ordered major coal mines to raise thermal coal output by another 500 000 t/d, the latest concerted effort by the government to boost supplies to its electric utilities ahead of the winter, sources said on Tuesday. In the fourth meeting with coal mining executives this month, the... 

Renewables not cost competitive until mid-century – Glencore

By: Reuters     27th September 2016 Renewable energy will not be cost competitive with fossil fuels until 2050, Glencore said on Tuesday, much later than energy organisations forecast and supporting the mining and trading giant's case for continued investment in coal. Glencore has said coal is still an investment opportunity,... 

Gold discovery badly behind replenishment

By: Martin Creamer     27th September 2016 Gold is being discovered at a fraction of the rate needed to replenish reserves. In the last 16 years, the gold-mining industry has failed to replace more than half the ounces mined. 

Gold discovery badly behind replenishment
Photo by Randgold
Randgold graph showing discovery collapse

OceanaGold's shares hit on Philippine audit outcome

By: Mariaan Webb     27th September 2016 Shares in Melbourne-headquartered OceanaGold fell 8% on Tuesday before trading was halted, after the Philippine government’s nationwide environmental mine audit recommended the suspension of the company’s flagship Didipio gold and copper mine on the island of Luzon. The environmental check-up,... 

OceanaGold's shares hit on Philippine audit outcome
The Philippines government has recommended the suspension of Australian miner OceanaGold's Didipio mine.

Michelmore steps down as MMG chief

By: Esmarie Swanepoel     27th September 2016 Metals miner MMG has launched a succession process after CEO and executive director Andrew Michelmore announces his intention to retire during 2017. The succession process will consider both internal and external candidates. 

Michelmore steps down as MMG chief
Photo by Reuters
Andrew Michelmore

Rio Tinto launches debt reduction programme

By: Reuters     26th September 2016 Major minor Rio Tinto on Monday announced a bond buyback plan for up to $3-billion, saying it was taking advantage of its healthy cash situation to further reduce debt. Under the plan Rio Tinto has issued a redemption notice for approximately $1.5-billion of its 2017 and 2018 US... 

Randgold CEO Bristow ‘super excited’ about Africa as ‘next China’ 

By: Martin Creamer     26th September 2016 Africa needs investments coupled with aggressive growth and if correctly managed, will be the world’s "next China", says Randgold Resources CEO Dr Mark Bristow, who has developed half a dozen highly successful gold mines on the continent besides traversing its length and breadth on his motor... 

Randgold CEO Bristow ‘super excited’ about Africa as ‘next China’
Randgold CEO Dr Mark Bristow (centre) with host country management at the Loulo gold mine

Chinalco mining surges by record after parent offers buyout

By: Bloomberg     26th September 2016 Chinalco Mining Corporation International advanced the most on record after owner Aluminum Corporation of China, or Chinalco, offered a premium of about one third to take the Hong Kong-listed unit private. Shares in CMC, which mines copper in Peru, remained below the takeout price. CMC jumped as... 

Ferrochrome price in sharp rise

By: Martin Creamer     26th September 2016 The European benchmark ferrochrome price for the fourth quarter of 2016 has been settled at 110c a pound, 12.2% up on the 98c-a-pound price of the third quarter. Johannesburg Stock Exchange-listed Merafe Resources said last month that it expected to benefit from renewed positive ferrochrome... 

Ferrochrome price in sharp rise
Photo by Duane Daws
Merafe CEO Zanele Matlala

Barberton tailings plant lifts output ultra cheaply 

By: Martin Creamer     23rd September 2016 In the 12 months to June 30, gold was produced by the Barberton Tailings Retreatment Plant (BTRP) of Pan African Resources at the exceptionally low all-in cost of $332/oz. While Barberton Mines as a whole had a good financial year underground and on surface, it was the on-surface BTRP that shot... 

Barberton tailings plant lifts output ultra cheaply
Blurb: Pan African CEO Cobus Loots talks to Mining Weekly Online’s Martin Creamer on Barberton gold. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Greenland Minerals teams up with Shenghe on Kvanefjeld development

By: Mariaan Webb     23rd September 2016 Shanghai-listed rare earths company Shenghe Resources will acquire a 12.5% interest in Greenland Minerals and Energy (GMEL) and enter into a strategic working relationship with the Australia-listed company to advance the Kvanefjeld project. Shenghe downstream processing subsidiary Leshan Shenge... 

Almonty drops planned offer for ATC Alloys on Vietnam JV woes

By: Mariaan Webb     23rd September 2016 Canada-based Almonty Industries has dropped its planned offmarket takeover offer for ATC Alloys (ATA), after the Australia-listed company’s ferrotungsten joint venture (JV) in Vietnam ran into trouble. ATA has moved to remove its 40% partner Guangyu Chen as a director of the JV company – Hong... 

Coal India plans to re-enter Mozambique

By: Ajoy K Das     23rd September 2016 Less than a month after formalising its exit from developing coal blocks in the Tete province of Mozambique, Coal India Limited (CIL) is planning to re-enter the African country in search of a new project. According to a CIL official, the Indian miner will approach the Mozambique government for... 

Coal India plans to re-enter Mozambique

Uranium prices sink lower amid oversupply

By: Bloomberg     23rd September 2016 Uranium prices have gone from bad to worse, slumping to an 11-year low as brimming global inventories weigh on a market that hasn’t recovered from the Fukushima disaster in Japan. Spot uranium declined 1.4% to $24.40/lb on Thursday, the lowest since April 2005, according to data from Ux... 

End-to-end mechanisation edging South Deep forward – Gold Fields

By: Martin Creamer     22nd September 2016 South Deep, Gold Fields’ fully mechanised deep-level gold mine, has reached the point of honouring its full mining value chain with on-the-go ground support, simultaneous backfilling of the voids created, an extension of mechanising to hanging wall and side wall drilling, and mesh support... 

End-to-end mechanisation edging South Deep forward – Gold Fields
Photo by Duane Daws
Gold Fields CEO Nick Holland

Dichotomy underlines India’s ambitious plans to double mineral production by 2020

By: Ajoy K Das     22nd September 2016 India’s Mines Ministry has set an ambitious target of doubling mineral production by 2020, but dichotomously, about 288 noncoal mining projects are still hanging fire and drilling by exploration agencies is falling short of targets. According to government data released last month, of these 288... 

Ex-limo firm, billionaires bet on iron-ore with mines, M&A

By: Bloomberg     22nd September 2016 The global iron-ore market is awash with supply and prices remain volatile, but a former Chinese limousine rental service and a billionaire New Zealand family are among producers and developers wagering new mines will be needed. Their focus is Western Australia, the industry heartland in the... 

Pan African investigating R1.7bn gold tailings project 

By: Martin Creamer     21st September 2016 Gold mining company Pan African Resources is investigating a large gold tailings retreatment project at its Evander mines in Mpumalanga. Underwritten proposals have been received for the full financing package for the Elikhulu project, which will require an estimated capital expenditure of... 

Pan African investigating R1.7bn gold tailings project
Pan African CEO Cobus Loots outlines growth plans to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer. 21.9.2016

‘Better-than-Canada’ is Philippine reform cry as mines shut

By: Bloomberg     21st September 2016 The Philippines deepened a crackdown on its mining industry on Wednesday as world’s top nickel shipper announced it will suspend more than 10 mines in addition to 10 halts that have already been made, saying it wants to surpass Canadian and Australian standards. The government is finalising... 

Pan African profit soars, dividend increased

By: Martin Creamer     21st September 2016 A year of record gold production has resulted in the Pan African Resources group delivering an outstanding set of results. In the 12 months to June 30, the gold mining operations of the London- and Johannesburg-listed company saw particularly outstanding performance from its Evander mines, which... 

Pan African profit soars, dividend increased
Photo by Duane Daws
Pan African CEO Cobus Loots

Glencore sees nickel price rising on global supply shortage

By: Bloomberg     21st September 2016 Glencore, the commodities trader and miner, expects nickel prices to climb through 2018 as demand outstrips supply, assuming Indonesia continues its policy of curbing ore exports and encouraging local processing. “We believe we’ve seen the bottom, both in terms of the actual spot prices... 

BHP continues to fight Australia on A$1bn tax bill

By: Esmarie Swanepoel     21st September 2016 Mining giant BHP Billiton is continuing to dispute taxes levied by the Australian Taxation Office (ATO) on the company’s Singapore marketing hub activity, saying in its yearly taxation report on Wednesday that it will initiate court action if necessary. The ATO has struck BHP with a... 

BHP continues to fight Australia on A$1bn tax bill

South African ‘Mining Hall of Fame’ on way – Swanepoel

By: Martin Creamer     20th September 2016 A South African ‘Mining Hall of Fame’ is on the way. Revealing this at a pre-Joburg Indaba presentation on Tuesday, chairperson Bernard Swanepoel noted that South Africa was odd mining jurisdiction out in not having a mining hall of fame. 

South African ‘Mining Hall of Fame’ on way – Swanepoel
Photo by Duane Daws
Joburg Indaba chairperson Bernard Swanepoel

Cost-conscious major miners look to agility of junior explorers

By: Reuters     20th September 2016 Tight budgets and nervous investors have convinced major miners that a cheap, timely way to ensure a strong pipeline of quality assets is to team up with junior, more nimble exploration firms. Miners have slashed costs by delaying projects, sold assets and cut exploration budgets to free up cash... 

SA’s cost-of-doing-business ranking badly down – Chamber

By: Martin Creamer     20th September 2016 South Africa has plummeted to an abysmally low level in the World Bank’s 160-country cost-of-doing-business rankings. On the bank’s Doing Business scale, which measures the fitness of a country’s economy to grow and compete, South Africa has tumbled 15 notches since 2007, from position number 58,... 

SA’s cost-of-doing-business ranking badly down – Chamber
Chamber of Mines CEO Roger Baxter

China to proceed with biggest steel merger in almost a decade

By: Bloomberg     20th September 2016 Two of China’s biggest steelmakers agreed to merge their listed units, moving a step closer to a union that would create the nation’s biggest mill and a company with the scale to rival ArcelorMittal. The publicly traded arm of Shanghai Baosteel Group, the second-biggest Chinese mill by output,... 

Iron’s 50m extra tons spell weaker price – Liberum

By: Bloomberg     20th September 2016 The world’s top iron-ore suppliers including Brazil’s Vale will add almost 50-million tons of supply in the 12 months to next June, undermining prices and feeding a global glut, according to Liberum Capital. Suppliers that also include Australia’s BHP Billiton, Rio Tinto and Gina Rinehart’s Roy... 

Rio turns China optimist, sees copper’s 'twilight zone' exit

By: Bloomberg     20th September 2016 Rio Tinto, the world’s second-largest mining company, is becoming more optimistic on the outlook for commodities demand in China after recent data pointed to a pickup in the construction market. “The drop that we had experienced for the last two or three years in China seems to have plateaued,”... 

Zinc demand set to outpace production

By: Megan van Wyngaardt     19th September 2016 Global zinc demand growth is set to marginally outpace production growth between now and 2020, averaging 1.7% and 1.3%, respectively, advisory firm BMI Research said on Monday. Refined zinc production is slowing as weak prices and an ore shortage force major producers to curb output. 

Zinc demand set to outpace production

India advances technology-driven plan to monitor illegal mining

By: Ajoy K Das     19th September 2016 India’s Mines Ministry will complete the verification and mapping of about 3 900 mining blocks across the country by the end of this month, marking the first step towards implementing its technology-driven system to monitor illegal mining. Government officials said that following the physical... 

Japan steelmakers suffer from China cuts as coal tops $200

By: Bloomberg     19th September 2016 Japan’s steelmakers are set to pay for China’s effort to manage its coal industry as a surge in metallurgical prices flow through to quarterly supply contracts. Spot hard coking coal has more than doubled this year to trade above $205 a metric ton and the gain will be taken into consideration... 

Gold miners stick close to home in hunt for more metal

By: Reuters     19th September 2016 The world's biggest gold miners are taking a cautious approach in their hunt for bullion, spending more money to explore around existing mines rather than new territory in a strategy that may have short-term gains but risks future production growth. Top producers are relying more than ever on... 

Gold miners stick close to home in hunt for more metal

Nautilus pushes Solwara 1 production out by 12 months, revises work programme

By: Henry Lazenby     16th September 2016 Cash-strapped marine mining pioneer Nautilus Minerals has pushed out the start of production from the offshore Papua New Guinea (PNG) Solwara 1 project by about 12 months from the original schedule, citing a cash crunch. In providing an update on company activities Friday, CEO Mike Johnston... 

Nautilus pushes Solwara 1 production out by 12 months, revises work programme

Commodities may end 2016 with whimper after first-half rally

By: Bloomberg     16th September 2016 For commodities, 2016 started with a bang. If history is any guide, it will end with a whimper. The Bloomberg Commodity Index, tracking returns for 22 components, is heading for a third-quarter slump after posting consecutive gains in the first two periods. Since the data begins in 1991, that’s... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Latest News: Americas

more

Latest News: Africa and Europe

Topics In These Articles

RSS Feed

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
Close