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Rio Tinto’s copper output, iron-ore shipments rise

By: Esmarie Iannucci     18th January 2019 Diversified major Rio Tinto has reported higher iron-ore and copper production for the quarter ended December, with other commodities remaining stable. “We delivered a solid operational performance in the final quarter of 2018, in particular across our copper assets,” said Rio CEO Jean-Sebastian... 

Rio Tinto’s copper output, iron-ore shipments rise
Photo by Bloomberg
Rio Tinto CEO Jean-Sebastian Jacques

MCA slams Northern Territory ‘mining tax grab’

By: Esmarie Iannucci     18th January 2019 The Minerals Council of Australia (MCA) has warned that jobs and investments in the resources sector were under threat from the Northern Territory government’s proposed Environment Protection Bill and Regulations. The draft legislation addresses the environmental impact assessment and approval... 

Geologist of Canadian/Aussie JV project murdered in Burkina Faso

By: Esmarie Iannucci     18th January 2019 ASX-listed Predictive Discovery has announced the death of a senior employee of its Canadian joint venture (JV) partner, Progress Minerals, at the Progress JV in Burkina Faso. Canadian geologist Kirk Woodman was kidnapped from an exploration camp in Burkina Faso on January 15, and his body was... 

Ramelius extends Explaurum offer

By: Esmarie Iannucci     18th January 2019 Gold miner Ramelius Resources has extended its takeover for ASX-listed Explaurum until February 22, having obtained a 79.2% interest in the takeover target to date. The offer has been declared unconditional, and Explaurum directors have unanimously recommended that shareholders accept the offer. 

UGL wins A$200m in service contracts

By: Esmarie Iannucci     18th January 2019 Project house CIMIC Group was expecting to generate revenue of around A$200-million from a range of new maintenance and service contracts in the Australian oil and gas sector. CIMIC on Friday reported that its subsidiary UGL had secured a maintenance and turnaround services contract with US... 

GBM adds to Mt Coolon resource

By: Esmarie Iannucci     18th January 2019 ASX-listed GBM Resources has updated the mineral resource estimate at its Mt Coolon gold project, in Western Australia, to include the Twin Hills gold deposits. A new Joint Ore Reserves Committee compliant mineral resource of 633 000 oz has been estimated for the two Twin Hill deposits,... 

Aussie coal junior claims discrimination in Poland

By: Mariaan Webb     18th January 2019 Australia-headquartered Prairie Mining, which focuses on coal projects in Poland, said on Friday that, as a foreign investor, it faced discriminatory treated in Poland, as its tussle with the Ministry of Environment (MoE) over the Debiensko mining concession dragged on. The company has applied... 

Aussie coal junior claims discrimination in Poland

Pérez de Solay takes over as MD at Orocobre

By: Esmarie Iannucci     18th January 2019 Lithium miner Orocobre has appointed Martin Pérez de Solay as MD, following the retirement of Richard Seville. Pérez de Solay has also formally started his duties as CEO.  

India’s SCCL firms up capex to spread operational hinterland

By: Ajoy K Das     18th January 2019 India’s Singareni Collieries Company Limited (SCCL) has drawn up plans for $1.40-billion capital expenditure over the next five years to extend its footprint beyond its traditional mining operations around the southern state of Telengana. The plan includes securing at least seven coal blocks in... 

India mulls bringing natural gas under single unified tax regime

By: Ajoy K Das     18th January 2019 The Indian government has initiated moves to bring natural gas under the purview of Goods and Service Tax (GST) offering succor to a large number of gas-based power plants stranded by high-priced fuel. A Parliamentary committee on energy has batted in favour of including natural gas in the... 

AMCU reiterates readiness for secondary strike at Sibanye’s platinum operations

By: Tasneem Bulbulia     18th January 2019 The Association of Mineworkers and Construction Union (AMCU) has reiterated its plans to proceed with a secondary strike at Sibanye-Stillwater’s platinum operations from Tuesday. The strike will be in support of those AMCU members who have been on strike at the precious metals miner’s gold... 

Location a key discussion point as Saudi Aramco mulls South African refinery investment

By: Terence Creamer     18th January 2019 “Location, location, location,” South Africa’s Minister Jeff Radebe quipped on Friday after a meeting with his Saudi counterpart, Khalid Al-Falih, where it was agreed that Saudi Aramco and the Central Energy Fund (CEF) would jointly study a plan for a new oil refinery and petrochemical investment... 

Location a key discussion point as Saudi Aramco mulls South African refinery investment
Kingdom of Saudi Arabia’s Energy, Industry and Mineral Resources Minister Khalid Al-Falih with South Africa's Energy Minister Jeff Radebe

Solidarity welcomes sequestration of Khulubuse Zuma 

By: Creamer Media Reporter      18th January 2019 Trade union Solidarity on Friday welcomed the sequestration of former Aurora Empowerment Systems director Khulubuse Zuma.   This followed after he failed to comply with the repayment agreement that the liquidators, with the support of Solidarity, agreed upon with Zuma.   Solidarity welcomed... 

Mali's gold production up 23% in 2018

By: Reuters     18th January 2019 Mali's industrial production of gold rose 23% last year to 60.8 t, Mines Ministry spokesperson Boubacar Sissoko said on Friday. In March, the mines ministry said output would rise in 2018 primarily due to the start of production at B2Gold's Fekola and Hummingbird Resources' Komana mines. 

Radebe insists IRP to be approved soon, amid Nedlac uncertainty 

By: Terence Creamer     18th January 2019 Energy Minister Jeff Radebe has reiterated that Cabinet could soon approve the long-awaited update to South Africa’s Integrated Resource Plan (IRP) for electricity, despite persistent suggestions that National Economic Development and Labour Council (Nedlac) sign-off of the document is still... 

Radebe insists IRP to be approved soon, amid Nedlac uncertainty

China Moly to increase stake in Congo's Tenke copper mine to 80%

By: Reuters     18th January 2019 China Molybdenum Co said on Friday it had agreed to buy a holding company for $1.14-billion in order to increase its control in Democratic Republic of Congo's massive Tenke copper mine. China Moly, already the majority owner of Tenke, will have an 80% stake in the mine after the acquisition of... 

Gold bull McEwen sticks with his $5 000 call as pot stocks peak

By: Bloomberg     18th January 2019 Gold mining veteran Rob McEwen is nothing if not optimistic. The founder of Goldcorp is sticking with his bold prediction that the precious metal will soar almost fourfold to $5 000/oz, bolstered by a weaker dollar and waning demand for trendy assets like pot stocks. 

Gold bull McEwen sticks with his $5 000 call as pot stocks peak
Rob McEwen

Three named to En+ voting trust as Deripaska looks to reduce stakes

By: Reuters     18th January 2019 Russian conglomerate En+ Group on Friday named three Americans who will form a voting trust to help Oleg Deripaska reduce his stake in the company in exchange for a waiver from US sanctions. Deripaska has agreed to reduce his stake in London-listed En+ to 44.95% from 70% and assign any voting... 

Germany's 2019 hard coal imports seen rising after mining ends

By: Reuters     18th January 2019 Germany is expected to import 45-million tonnes of hard coal this year, up roughly 1.4% from 2018 despite mounting competition from renewable energy, as the closure of domestic mines reduces domestic supply, importers said on Friday. The total would comprise an estimated 30 million tonnes for... 

IEA sees oil demand growth defying economic slowdown for now

By: Bloomberg     18th January 2019 Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency. “We have seen prices fall very significantly since the peak at the beginning of October, and that is... 

Trevali’s African operations deliver strong FY18 performance

By: Tasneem Bulbulia     18th January 2019 Trevali Mining, in its first full year of operating in Africa, increased production at both Perkoa, in Burkina Faso, and Rosh Pinah, in Namibia, over 2017 levels. “Despite challenges faced at Caribou, [in Canada], Trevali produced 407-million pounds of payable zinc in 2018, in-line with our... 

Goldcorp names #DisruptMining semi-finalists

By: Creamer Media Reporter      18th January 2019 The six semi-finalists for #DisruptMining 2019 and the five 'sharks' who will judge the live finale of Goldcorp's yearly innovation challenge have been named. 

Katanga appoints new CEO, CFO after signing management services agreement with Glencore International 

By: Tasneem Bulbulia     18th January 2019 Katanga Mining has entered into a management services agreement with Glencore International, to better reflect the integrated nature of Katanga’s and Glencore International’s businesses and enhance existing controls. Glencore International is a subsidiary of Glencore. 

South Africa's platinum sector 

18th January 2019 This week Mining Weekly editor Martin Creamer delves into the Platinum sector to discuss the low price and why hydrogen and a value-chain relationship rebuild is needed. 

South Africa's platinum sector

Leagold outlines plans for expanded Los Filos mine

By: Creamer Media Reporter      18th January 2019 The Los Filos gold mine in Mexico that Leagold bought from Goldcorp almost two years ago has the potential to be expanded to 350 000 oz/y, the Canadian company reported this week, announcing the results of an expansion feasibility study. The study incorporates the potential for the development... 

Brazil general with mining link takes over indigenous agency

By: Reuters     18th January 2019 A retired Army officer who last year advised a Canadian company seeking to mine gold in the Amazon returned to the head of Brazil's indigenous rights agency on Thursday, vowing to improve the lives of the country's native peoples. General Franklimberg Ribeiro de Freitas had run the National... 

Cochilco keeps 2019 copper forecast at $3.05/lb amid trade war, Brexit

By: Reuters     18th January 2019 Chile's Cochilco state copper commission on Thursday maintained its average price prediction of $3.05/lb for 2019, rising to $3.08 for 2020, amid the continuing US-China trade war and further potential volatility because of Brexit. Cochilco said it saw production at 5.941-million tonnes for... 

Gamsberg set to trigger new wave of industrialisation in Northern Cape 

By: Simone Liedtke     18th January 2019 With diversified miner Vedanta Zinc International’s (VZI’s) flagship Gamsberg project coming on stream, the Northern Cape province has the potential to become a base metals mining, processing and beneficiation hub. VZI CEO Deshnee Naidoo says Gamsberg has the potential to have a huge impact on... 

Gamsberg set to trigger new wave of industrialisation in Northern Cape

Mining Weekly iPhone and Android Apps available for free download 

18th January 2019 Creamer Media’s readers continue to be part of the mobile revolution.  Over 20% of Creamer Media’s online readers view the websites on their mobile devices. To cater for this growing mobile readership Creamer Media offers a MiningWeekly.com app for iPhone and Android users.  These apps offer... 

Mining Weekly iPhone and Android Apps available for free download

AEMFC says will submit bid for Optimum assets

By: Marleny Arnoldi     17th January 2019 An African Exploration Mining and Finance Corporation- (AEMFC-) led consortium on Thursday announced that it would submit a bid for the Optimum Coal assets, which are currently in business rescue. State-owned AEMFC believed the Optimum Coal transaction would be fundamental to the country’s... 

AEMFC says will submit bid for Optimum assets
Coal stockpile

Asanko progresses Esaase trial mining, exceeds production guidance

By: Marleny Arnoldi     17th January 2019 TSX- and NYSE-listed Asanko Gold delivered a strong operational performance in the final quarter of 2018, producing 59 823 oz of gold, taking full year output to 223 152 oz. This was above guidance of 200 000 oz to 220 000 oz.  

Asanko progresses Esaase trial mining, exceeds production guidance
Asanko gold mine, in Ghana

Palladium hurtles through $1 400 as breakneck rally continues

By: Bloomberg     17th January 2019 Palladium rocketed through $1 400/oz the first time, extending its precipitous rally despite signs that global vehicle sales are slowing. The precious metal, primarily used in the auto industry for catalytic converters, has surged more than 65% since the middle of August. The bull run has been... 

Gold drilling demand ensures solid revenue, contracts for Capital Drilling

By: Marleny Arnoldi     17th January 2019 LSE-listed Capital Drilling exceeded the top end of its revenue guidance of $105-million to $115-million for 2018, on the back of a strong performance at its West African contracts. It earned $116-million in revenue.  

Empowered Kwatani benefits local mining industry

By: Schalk Burger     17th January 2019 Industrial and mining vibrating screens manufacturer Kwatani has achieved a level-1 broad-based black economic empowerment (BBBEE) score and is 51% black women-owned. This BBBEE accreditation affords significant benefits to its mining clients that can claim 135% of money spent on Kwatani.... 

Empowered Kwatani benefits local mining industry
Kwatani CEO Kim Schoepflin

Investors put a further £1m in Cornish lithium project

By: Creamer Media Reporter      17th January 2019 Investors in mining start-up Cornish Lithium have put another £1-million into the exploration company to continue its activities in south-west England and to drill exploratory boreholes to extract samples of lithium bearing brines. The company said in January last year that it needed about... 

Shanta Gold sets numerous mining, milling records in 2018

By: Marleny Arnoldi     17th January 2019 Aim-listed Shanta Gold produced 23 942 oz of gold from its New Luika mine, in Tanzania, in the fourth quarter last year – a 21% increase compared with the third quarter. Production was achieved at a cash cost of $514/oz and an all-in sustaining cost (AISC) of $701/oz.  

Harmony, Gold Fields selected for global Bloomberg Gender Equality Index

By: Marleny Arnoldi     17th January 2019 Gold miners Harmony Gold and Gold Fields have been selected for the 2019 Bloomberg Gender Equality Index that distinguishes companies that are committed to transparency in gender reporting and advancing women’s equality. The two companies are among 230 selected globally for inclusion in the index. 

Harmony, Gold Fields selected for global Bloomberg Gender Equality Index

Jubilee lifts Q4 earnings to R40m

By: Marleny Arnoldi     17th January 2019 AltX- and Aim-listed Jubilee Metals ended 2018 on a high, delivering record production at its Hernic operation and increasing operational earnings for the fourth quarter, despite the festive period generally being challenging. Jubilee had combined quarterly operational earnings attributable to... 

Jubilee lifts Q4 earnings to R40m
Photo by Creamer Media
Jubilee Metals CEO Leon Coetzer

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