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Concern that recent Queensland ‘Black Lung’ cases are tip of the iceberg

By: Esmarie Swanepoel The Queensland Resources Council (QRC) has welcomed government action after three cases of ‘Black Lung’ were detected at coal mines in the state, during the last three years. Worker’s union the CFMEU has warned that the three cases could be the tip of the iceberg for a disease that had been... 

Concern that recent Queensland ‘Black Lung’ cases are tip of the iceberg

A$20m boost for South Australia’s copper industry

By: Esmarie Swanepoel The South Australian government has announced a A$20-million investment into the state’s copper industry, which the resources sector has welcomed. Ahead of his mid-year Budget review, Mineral Resources and Energy Minister Tom Koutsantonis said that the government would invest the funds over the... 

EPA recommends approval of West Pilbara iron-ore project changes

By: Esmarie Swanepoel The Western Australian Environmental Protection Authority (EPA) has approved amendments to the West Pilbara iron-ore project, being developed by joint venture (JV) partners Aurizon and Baosteel Resources. The West Pilbara project was granted environmental approval in November 2011, but in July... 

BHP targets higher copper output, lower costs in 2017

By: Megan van Wyngaardt Mining giant BHP Billiton expects its copper output to grow to about 1.7-million tonnes at “very low cost” in 2017. The group’s copper president Daniel Malchuk on Tuesday said the release of latent capacity across its portfolio would help boost its copper output, with this strong recovery to be... 

Rinehart's Roy Hill readies for first iron-ore shipment

By: Esmarie Swanepoel Iron-ore developer Roy Hill has stared loading its first ore from the Roy Hill mine, in Western Australia, after the MV Anangel Explorer docked in Port Hedland earlier this week. “This is a truly fantastic occasion as we receive the first vessel alongside the Roy Hill wharf and the first of our... 

Brazil sues BHP, Vale for damages for mine disaster

By: Reuters Brazil filed a lawsuit on Monday against two of the world's largest mining companies for 20-billion Brazilian reais ($5.2-billion) to clean up what it says was its worst environmental disaster, caused by the collapse of a tailings dam. The governments of Brazil and those of two states hit by the... 

Brazil sues BHP, Vale for damages for mine disaster
Brazil's President Dilma Rousseff has blamed the disaster on the "irresponsible action of a company".

Northern Star open to new acquisitions

By: Esmarie Swanepoel Gold miner Northern Star this week told shareholders that the company would invest about A$74-million in exploration and development during the 2016 financial year, and was weighing further acquisition opportunities. “We have the ability to consider further acquisitions, but they would have to... 

St Barbara narrows debt

By: Esmarie Swanepoel ASX-listed gold miner St Barbara has repaid $20-million advance against an existing loan facility with RK Mine Finance. The repayment was in addition to the first of eight $9.37-million quarterly payments made during the September quarter, and left the miner with a balance of $46-million to... 

Endeavour consolidates shares, applies for ASX delisting

By: Esmarie Swanepoel Dual-listed gold miner Endeavour Mining has requested a delisting from the ASX, while undertaking a massive share consolidation. The share consolidation would be done on the basis of ten pre-consolidation shares for every one post-consolidation share, reducing the number of outstanding shares... 

India proposes African investment sojourn for govt companies

By: Ajoy K Das A policy blueprint drawn up by India's Department of Public Enterprises (DPE) has proposed that cash-rich public sector companies set up joint ventures (JVs) in capital scarce African nations, particularly in the natural resources, infrastructure and allied technology sectors. The note prepared... 

Sundance board spill fails

By: Esmarie Swanepoel The shareholders of iron-ore developer Sundance Resources this week prevented a board spill after voting down a spill resolution from shareholder Hanlong Mining Investment. Hanlong, which holds a 13.9% interest in Sundance, had requested that a spill meeting be held within 90 days of the... 

More big writedowns seen in mining sector – Blackrock

By: Reuters Mining companies will be forced to post a new wave of writedowns and dividend cuts due to the slide in metals prices, an executive from the world's biggest fund manager said on Tuesday. BHP Billiton , the world's biggest mining group, however, may manage to sustain its payouts to shareholders,... 

Richland’s Capricorn mine surpasses Q4 output guidance

By: Natasha Odendaal Australia-based Capricorn Sapphire has surpassed its targeted 250 000 ct production guidance for the fourth quarter, with the first sales of lower-quality sapphire and corundum having occurred in November, Aim-listed Richland Resources said on Tuesday. More than 250 000 ct larger than 4 mm had... 

Creamer Media publishes African Mining Projects in Progress - Second Edition

Creamer Media’s second edition of its African Mining Projects in Progress 2015 report tracks project developments taking place across various mining sectors on the continent, including coal, copper, gold, iron-ore, platinum and uranium.  

Creamer Media publishes African Mining Projects in Progress - Second Edition

New NT land access process seeks to strike balance between explorers, pastoralists

By: Esmarie Swanepoel The Northern Territory government on Monday announced a new process for land access agreements between the mining, petroleum and agriculture industries. The new process included the establishment of a land access agreements for exploration activities considered to create more disturbance, and... 

New NT land access process seeks to strike balance between explorers, pastoralists

Edenville appoints EPC provider for coal-to-power project

By: Megan van Wyngaardt To progress its Rukwa coal-to-power project in south-west Tanzania, Aim-listed Edenville Energy has entered into a binding collaboration agreement with Runh Power Corporation. The agreement marked the first stage in the progression towards a full engineering, procurement and construction (EPC)... 

Record rand diamond prices as Ekapa buys mines from De Beers

By: Martin Creamer The established Kimberley-based surface diamond mining company Ekapa is acquiring control of the Kimberley Mines from De Beers at a time of record diamond prices in rand terms. Already enjoying a healthy margin of profit in mining Kimberley tailings for the past 25 years, Ekapa’s greatest... 

Record rand diamond prices as Ekapa buys mines from De Beers
Photo by Elaine Bannister
Ekapa Minerals MD Jahn Hohne

Vale cuts 2016 budget, expects $443m mine disaster costs

By: Reuters Brazil's Vale SA prepared investors for a difficult 2016 on Tuesday, unveiling a plan that includes about $6-billion in capital investment cuts and $443-million in expected costs to clean up a November mine disaster. Ahead of the Rio de Janeiro-based mining company's annual "Vale Day" event in... 

Vale cuts 2016 budget, expects $443m mine disaster costs

Glencore could sell its troubled South African Optimum coal mine

By: Reuters Glencore's struggling South African unit, Optimum, which is currently embroiled in a dispute over the price of coal with power utility Eskom could be sold off, a firm appointed to rescue the troubled business said on Tuesday. "There was buying interest that is not a factual inaccuracy as all... 

Glencore could sell its troubled South African Optimum coal mine

Brown hints to major changes in shareholder management of State companies

By: Terence Creamer Public Enterprises Minister Lynne Brown reported on Tuesday that far-reaching interMinisterial committee (IMC) discussions were advancing on how best to reform South Africa’s State-owned companies (SoCs), many of which were currently underperforming. There are around 700 SoCs, with Brown having... 

Brown hints to major changes in shareholder management of State companies
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

De Beers sells Kimberley Mines to Ekapa, Petra for R102m cash

By: Martin Creamer South African diamond-mining company De Beers Consolidated Mines (DBCM) has sold its Kimberley Mines to a consortium made up of Ekapa Mining and the London-listed Petra Diamonds. Petra CEO Johan Dippenaar on Tuesday announced the acquisition of 49.9% of Kimberley Mines in consortium Ekapa Mining,... 

De Beers sells Kimberley Mines to Ekapa, Petra for R102m cash
Kimberley Mines

Eskom on Arnot job losses: SA can't afford output costs

By: News24Wire Power utility Eskom has expressed concern over reports about the possible closure of Arnot coal mine and the job losses that would inevitably follow such a move, as well as anger with what it termed the leaking of confidential information. "Eskom is deeply concerned about the recent media reports... 

Eskom on Arnot job losses: SA can't afford output costs

Enviro review of prospective Donlin gold project up for public scrutiny

By: Natalie Greve Marking a significant permitting milestone in the progress of the Donlin gold project, in Alaska, towards production, the US Army Corps of Engineers (Corps) has published the project’s draft environmental-impact statement (DEIS), opening the process up for public comment. Operator Donlin Gold was... 

Kinross’s Brazil mine returns to full production

By: Creamer Media Reporter The Paracatu operation, in Brazil, has returned to normal production levels after a temporary weather-induced suspension, TSX-listed Kinross Gold Corporation said this week. The mine partially suspended production on November 5, owing to insufficient rainfall but production resumed at Plant 1 and... 

PEA shows strong economics at US graphite project

By: Natalie Greve A preliminary economic assessment (PEA) of Alabama Graphite Corporation’s (AGC’s) flagship Coosa graphite project, in the US, has demonstrated strong economics and “excellent” potential for the project to become a near-term producer of high-value, ultrahigh-purity speciality graphite products for... 

Osisko enters new royalty, private placement agreements

By: Creamer Media Reporter TSX-listed Osisko Gold Royalties has entered into a C$10.2-million private placement with TSX-V-listed Barkerville Gold Mines and a royalty financing agreement with Cariboo gold project, in British Columbia, Canada. Osisko would buy 32-million flow-through common shares of Barkerville Gold Mines... 

Centerra CFO to retire

By: Megan van Wyngaardt Centerra Gold VP and CFO Jeff Parr will retire, effective March 31, 2016. He will be succeeded by Centerra finance VP and treasurer Darren Millman, who joined the company in 2013. 

Thompson Creek reports improved throughput at Mt Milligan

By: Creamer Media Reporter NYSE- and TSX-listed Thompson Creek has reported a significant improvement in the daily mill throughput at its Mount Milligan mine, in British Columbia. The copper and gold operation’s daily mill throughput averaged at 52 457 t between November 1 and 28, with a high of 61 579 t on November 25.... 

US platinum jewelry imports surge in Q3, gold, silver also up

By: Reuters US jewellery imports jumped 85% for platinum in the third quarter of 2015 and 12% for gold, ahead of the holiday season, as prices for both precious metals fell for the fifth straight quarter, Thomson Reuters GFMS calculations showed on Monday. "The holiday season is the most significant... 

Aureus signs funding deals to accelerate mining in Liberia

By: Megan van Wyngaardt Africa-focused Aureus Mining has signed a $10-million liquidity facility with Rand Merchant Bank and Nedbank, as well as an $11.5-million brokered equity financing deal, at a price of 5p a share, with GMP Securities Europe and Numis Securities. The agreement with GMP and Numis would see a private... 

$210m Moz-to-SA gas pipeline expansion moves ahead

By: Creamer Media Reporter The 865 km gas pipeline from the central processing facility (CPF) in Temane, Mozambique, to Secunda, South Africa, is to undergo a further $210-million expansion, the Republic of Mozambique Pipeline Investments Company (Rompco) confirmed on Monday. Rompco is a joint venture between JSE-listed... 

$210m Moz-to-SA gas pipeline expansion moves ahead

Iron-ore futures fall below $40/t as new Australian supply arises

By: Martin Creamer The iron-ore price on Singapore's most active iron-ore futures market was below $40/t for the first time, Investec noted on Monday, when it reported that additional iron-ore supply was about to be shipped from Gina Rinehart’s new Roy Hill iron-ore mine, in Australia. Quoting Bloomberg, Investec... 

Iron-ore futures fall below $40/t as new Australian supply arises
Anglo American's Kumba Iron Ore under strain at Sishen in Northern Cape

Sibanye’s platinum asset acquisitions nearing completion

By: Megan van Wyngaardt Significant progress has been made on advancing and finalising the acquisitions of Anglo American Platinum’s (Amplats’) Rustenburg operations and Aquarius Platinum, Sibanye Gold said on Monday. Aquarius and Sibanye in October entered into an implementation agreement under which a wholly owned... 

Sibanye’s platinum asset acquisitions nearing completion
Photo by Duane Daws
Sibanye CEO Neal Froneman

Mineralogy's $10bn bid stumbles

By: Esmarie Swanepoel A Western Australian Supreme Court Judge has ruled that mining personality Clive Palmer’s Mineralogy’s legal proceedings against Chinese government-owned Citic is an "abuse of process" and "unjustifiably oppressive and vexations". Judge John Chaney last week permanently stayed two legal actions... 

BHP says Brazil plans $5bn legal suit over Samarco disaster

By: Esmarie Swanepoel Mining giant BHP Billiton said on Monday that it had not yet received any formal notice of legal action from Brazil, after the country’s federal and certain state governments announced on Friday that a $5.2-billion legal claim would be instituted against the company, its joint venture (JV)... 

WA to be well supplied with gas for next decade – report

By: Esmarie Swanepoel The latest gas statement of opportunities (GSOO) released by Western Australia’s Independent Market Operator (IMO) has forecast that the state’s gas production would continue to exceed demand between 2016 and 2025, with potential gas supply at least 107 TJ a day greater than current demand, and... 

Australia mining investment to fall 60%, major job losses forecast

By: Esmarie Swanepoel Mining investment in Australia was expected to decline by nearly 60% over the next three years, compared with the 2014/15 levels, while job losses in the sector would take the same trend, economic forecaster and industry analyst BIS Shrapnel reported on Monday. “We haven’t hit bottom yet on... 

Colluli's economics confirmed - Danakali

By: Esmarie Swanepoel A definitive feasibility study (DFS) into the Colluli potash project, in Eritrea, has reduced the expected capital expenditure to bring the project into production by about 30%, owner Danakali reported on Monday. A March prefeasibility study into the project had estimated that the Stage 1... 

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