R/€ = 15.88 Change: 0.02
R/$ = 13.45 Change: 0.05
Au 1243.94 $/oz Change: 6.10
Pt 884.18 $/oz Change: 6.68

Base Metals News

Ireland-based Connemara Mining to advance exploration on key gold, zinc prospects

By: Mia Breytenbach     8th December 2017 Irish gold and zinc explorer Connemara Mining aims to further advance exploration activities on key gold and zinc prospects, following the successful execution of several drilling programmes at these projects, Connemara Mining CEO Patrick Cullen tells Mining Weekly. Connemara currently holds... 

South Africa urged to go back to basics to avoid mining’s demise

By: Mia Breytenbach     8th December 2017 For South Africa's mining industry to return to more successful times, the country will need to go back to basics, says Wits Mining Institute director Professor Fred Cawood, who also suggests that these basics could aid in sidestepping the demise of the mining industry in South Africa. These... 

South Africa urged to go back to basics to avoid mining’s demise
PROFESSOR FRED CAWOOD South Africa should embrace mining

Mining will only ‘move forward’ if there is a change of guard at Mineral Resources – lawyer

By: Mia Breytenbach     8th December 2017 The mining industry cannot move forward until new leadership is established within the Department of Mineral Resources (DMR), says law firm Cliffe Dekker Hofmeyr (CDH) mining head Allan Reid, who suggests that such a change could re-establish “some degree of optimism and trust in the mining... 

Mining will only ‘move forward’ if there is a change of guard  at Mineral Resources – lawyer
NEW HORIZONS South African mining companies are exploring other African jurisdictions for mining investment

Digitalisation initiative at Gamsberg to allow for minute-by-minute decision-making

By: Mia Breytenbach     8th December 2017 Diversified miner Vedanta Resources' Zinc International (VZI) has announced a greenfield digitalisation initiative, which will see a ‘Smart Ore Movement’ system built into its flagship Gamsberg zinc project. The project, which is being undertaken in collaboration with digital industrial company... 

Digitalisation initiative at Gamsberg to allow for  minute-by-minute decision-making
Photo by Duane Daws
GE South Africa CEO Thomas Konditi and Vedanta Zinc International CEO Deshnee Naidoo

DRC copper/cobalt tailings project potential probed

By: Tracy Hancock     8th December 2017 Aim-listed natural resource development company Red Rock Resources has extended the 40-day period in which it would carry out due diligence on four or five copper/cobalt tailings properties near Kolwezi in the Democratic Republic of Congo (DRC). The company reported on November 3 that the due... 

Copperbelt development driven by Cobalt

     8th December 2017 The African Copperbelt is experiencing a resurgence of activity following the commodity slump of recent years, says Copper Cobalt Africa Conference chairperson Kathy Sole.   

First blast marks Kamoa Kakula development

     8th December 2017 The first blast at the Kamoa-Kakula mine development, marking the start of work on the twin declines at the ultrahigh-grade Kakula discovery, in the Democratic Republic of Congo (DRC), has been completed ten days ahead of schedule. The successful blast at the Tier 1 copper project, near the... 

First blast marks Kamoa Kakula development
KAMOA-KAKULA The combined Kamoa-Kakula indicated mineral resources as of a May estiimate is about one-billion tonnes, grading 3.02% copper, containing 66-billion pounds of copper

Accelerating growth and development on the Copperbelt

     8th December 2017 By the end of day two of the three-day Caminex trade show, many exhibitors had already booked their stand for 2018. “Feedback from exhibitors was extremely positive,” says Caminex. 

Accelerating growth and development on  the Copperbelt
POSITIVE OUTLOOK BMI Research has forecast sustained growth in the mining and specifically the copper mining sector until 2021

DRC event promises to be bigger, better in 2018

     8th December 2017 The third edition of the DRC Mining Week exhibition and conference in 2018 will welcome mining experts to a unique platform for the enhancement of mining investment and operations in the heart of mining hub the Democratic Republic of Congo (DRC). The event is to be held in June, in Lubumbashi,... 

Continued focus on downstream development

By: Donald Makhafola     8th December 2017 The stage is set for the expansion of copper mining activities across the Copperbelt to take advantage of the 20-million tonnes of unmined copper in the region, nonprofit organisation Copper Development Association Africa (CDAA) director Levine Warries tells Mining Weekly.   

Continued focus on  downstream development
PROMOTING BENEFICICIATION The Copper Development Association Africa seeks to increase itsmembership to fund research and development initiatives into the beneficiation of copper such as antimicrobial copper surfaces in healthcare facilities

Copper-focused company positioning itself to better serve sub-Saharan Africa

By: Donald Makhafola     8th December 2017 The Sub Sahara African region has massive reserves of copper and other strategic minerals and if it can pull its act together to present an investor-friendly destination, will be the world’s largest copper supplier in 25 years, South African foundry and engineering company Thos Begbie, CEO Edwin... 

Copper-focused company positioning itself to better serve sub-Saharan Africa
EDWIN DREYER Once investment in the mining sector improves, sub-Saharan Africa countries can focus on beneficiation and start producing finished products instead of raw ore

Mine improves output as copper price slated to rise

     8th December 2017 In the medium to long term, the fundamental outlook for copper is among the strongest of all metals, says diversified natural resources producer Eurasian Resources Group (ERC), which has copper assets in the Democratic Republic of Congo (DRC). “The lack of major copper plants due on stream,... 

Vedanta's Zambian arm to set up new processing plants

By: Reuters     7th December 2017 London-listed Vedanta Resources said on Thursday its Zambian subsidiary Konkola Copper Mines (KCM) plans to set up a new copper smelter, cobalt refinery and other infrastructure under a $1 billion investment programme announced earlier. In March Vedanta announced the $1 billion investment after a... 

Resources Watch  

     7th December 2017 This week: Vedanta’s Zinc International, GE collaborate on digitalisation initiative at Gamsberg And, Dassault Systèmes heralding in new autonomous mining era 

Resources Watch
Resources Watch

India’s electric-vehicle target faces raw material challenges

By: Ajoy K Das     7th December 2017 India’s goal of moving completely to electric vehicles (EVs) by 2030, is facing severe challenges, including a lack of reserves for litium-ion components, such as lithium, cobalt and nickel, and uncoordinated efforts from various stakeholders, the government’s apex advisory body has warned. In a... 

Major shareholder says no to A$0.23-a-share Finders offer

By: Mariaan Webb     7th December 2017 The largest shareholder outside a group of shareholders bidding for Finders has indicated that it will not accept an offer price of A$0.23 a share for the copper miner. Taurus Funds Management manages 87 339 525 Finders shares, or about 11.31% of the company’s shares on issue, making it the... 

Vale cuts nickel output but is positive on long-term demand

By: Reuters     7th December 2017 Brazilian miner Vale dialled back its nickel output forecasts for the next five years on Wednesday, although the world's top producer of the metal praised its longer term prospects on likely soaring demand for electric cars. Vale cut its nickel output estimate by 15% to 263 000 t next year and... 

Tanzania-Zambia railway halts copper transportation after strike

By: Reuters     6th December 2017 The Tanzania-Zambia Railway Authority (TAZARA) has suspended all train services, including the transportation of copper following a strike by workers in Africa's second-largest producer of the metal, the company said on Wednesday. The line is an important route for copper exports from Zambia and... 

Harmony Gold spells out value of Moab investment

By: Martin Creamer     6th December 2017 The acquisition of the Moab Khotsong gold mine represents a significant list of advantages for Harmony Gold, the company outlined in an investor brief on Wednesday. The Johannesburg Stock Exchange-listed gold mining company calculates that inclusion of the Moab Khotsong operations the company... 

Harmony Gold spells out value of Moab investment
Photo by Duane Daws
Harmony Gold CEO Peter Steenkamp

Glencore bets big on car battery metals

By: Reuters     5th December 2017 Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards. The Anglo-Swiss company's output of cobalt and copper... 

Glencore bets big on car battery metals

Glencore-Canada venture hitched to low-carbon economy shift

By: Martin Creamer     5th December 2017 The joint venture partnership Glencore struck with a Canadian pension plan on Tuesday provides exposure to commodities that benefit from a low-carbon economy. BaseCore Metals, a 50:50 partnership centred on base metals streams and royalties, involves Glencore Canada Corporation contributing a... 

Glencore-Canada venture hitched to low-carbon economy shift
Glencore CEO Ivan Glasenberg

Tanga to acquire Namibia zinc project, raises A$1.16m in placement

By: Mia Breytenbach     5th December 2017 ASX-listed Tanga Resources announced on Tuesday that it would acquire the high-grade Joumbira zinc project in Namibia and that it would raise A$1.16-million to fund the transaction and to start planned work programmes. The company entered into a binding option agreement to acquire 100% of the... 

Indonesia plans to acquire Rio Tinto interest in Freeport Indonesia mine

By: Reuters     5th December 2017 Indonesia plans to acquire Rio Tinto's 40% participating stake in the Grasberg copper mine operated by the local division of Freeport-McMoRan, part of government plans to control more of the country's resources. Under a joint venture formed in 1996, Rio has a 40% interest in Freeport's Grasberg... 

Santander keeps on giving as Trevali traces mineralisation at depth

By: Henry Lazenby     5th December 2017 Zinc miner Trevali Mining has published encouraging results from its 2017 exploration programme, where directional diamond drilling continues to intersect multiple zones of high-grade zinc mineralisation within and below the Santander Pipe target, at its Santander zinc mine, in Peru. Highlights... 

Nevsun expands strongly mineralised trend at Timok

By: Henry Lazenby     5th December 2017 Ongoing exploration drilling on the Lower Zone at Canadian base metals miner Nevsun Resources’ Timok copper/gold project, in Serbia, has expanded the footprint by about 350 m by 750 m and continues to confirm the high grade, continuity and thickness of the mineralisation, the company announced on... 

Chile cenbank maintains growth forecast for 2018

By: Reuters     4th December 2017 Chile's central bank held its 2018 economic growth forecast of 2.5% to 3.5% on Monday, while revising downward slightly its forecast for inflation and leaving open the possibility for lowering interest rates.In its end-of-year IPoM economic report, the bank also predicted 2017 gross domestic... 

Red Metals, MMG Exploration ink joint venture agreement

By: Samantha Herbst     4th December 2017 ASX-listed minerals exploration company Red Metal has signed an option and joint venture (JV) agreement with MMG Exploration – a subsidiary of midtier global resources company MMG Limited – to advance the prospective Mallapunyah zinc project in the McArthur basin, in Australia’s Northern... 

Change or lose another 100 000 mining jobs – Cutifani

By: Martin Creamer     4th December 2017 Without change, the South African mining industry would lose another 100 000 jobs, said Anglo American CEO Mark Cutifani, who six years ago accurately predicted the recent 100 000 job demise in South African mining. “I'll say it again, absent of change, we’ll lose another 100 000 jobs,” the... 

Change or lose another 100 000 mining jobs – Cutifani
Photo by Duane Daws
Anglo American CEO Mark Cutifani

Atalaya board approves €80.4m expansion in Spain

By: Mariaan Webb     4th December 2017 European mining and development company Atalaya Mining on Monday announced its decision to proceed with the 15-million-tonne-a-year expansion of its Proyecto Riotinto mine, in Spain. The €80.4-million expansion would upgrade processing facilities, including the installation of a new primary... 

Atalaya board approves €80.4m expansion in Spain

Galileo starts 1 750 m drilling programme at Zambia zinc project

By: Creamer Media Reporter      4th December 2017 As part of plans to fast-track exploration at its 51%-owned Star Zinc project, in Zambia, Aim-listed Galileo Resources will this week embark on a 1 750 m drilling programme. The programme is aimed at both resource confirmation and resource expansion. 

Greenfield exploration on the rise in Australia

By: Mariaan Webb     4th December 2017 The search for new mineral deposits in Australia is starting to recover, with greenfield exploration expenditure increasing by 16.9% and exploration drilling by 23.3% in the September quarter. In original terms, total mineral exploration expenditure rose 6.8% to A$475.2-million, the Australian... 

PNX appoints study manager for Hayes Creek project DFS

By: Natasha Odendaal     1st December 2017 ASX-listed PNX Metals has appointed engineering, consulting and contracting company GR Engineering Services as the study manager for the definitive feasibility study (DFS) of the Hayes Creek zinc/gold/silver project, in the Northern Territory. GR Engineering will be tasked with the process design... 

The cobalt crunch for electric cars could be solved in suburbia

By: Bloomberg     1st December 2017 Almost 9 000 miles from the dusty Congo savanna, miners have hit on an entirely new source of cobalt – the rare mineral at the heart of the electric-car boom. And not only can they take coffee breaks, when they take a break, they can grab a doughnut at Tim Hortons. Scientists working for American... 

Demand for battery metals will drive African exploration, investment

By: Nadine James     1st December 2017 Growth in the electric vehicle (EV) market will boost demand for battery metals exponentially, driving exploration and investment in Africa. This was discussed during a live-streamed Mining Indaba panel on energy metals in which Cobalt 27 chairperson Anthony Milewski, Montero president and CEO Dr... 

Queensland’s DMRM slaps Rockland with suspension directive

By: Creamer Media Reporter      1st December 2017 Queensland copper producer CuDeco has temporarily suspended processing plant operations at its Rocklands copper mine, after an investigation by the Department of Mineral Resources and Mines (DNRM) on Thursday identified a number of safety issues. The suspension would remain in place pending... 

'Miner's revenge' is coming with electric cars, Friedland says

By: Bloomberg     1st December 2017 Surging demand for metals like copper, nickel and cobalt for use in electric vehicles promises to overturn the balance of power between mining companies and their customers, according to billionaire investor Robert Friedland. Automakers will have to change the way they approach procurement if... 

Lundin stock tumbles on disappointing production outlook

By: Henry Lazenby     1st December 2017 Base metals producer Lundin Mining saw about 21% of its TSX-listed equity wiped out on Thursday after it reported a disappointing long-term production outlook on Wednesday. The Toronto-headquartered company punted significant investments in both the Candelaria copper mine and mill, in Chile,... 

South32 upbeat on aluminium, manganese and energy coal prospects

By: Mia Breytenbach     1st December 2017 With the price of various commodities having improved during the 2017 financial year, diversified miner South32 remains optimistic about the aluminium, manganese and energy coal sectors for the year ahead. “Manganese led the way [in terms of price increases], and metallurgical coal, energy coal,... 

South32 upbeat on aluminium, manganese and energy coal prospects
Photo by Bloomberg
GRAHAM KERR The financial results for the 2017 financial year, with the strides we’ve made towards our sustainability, diversity and safety targets, give me confidence for the year ahead

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