http://www.miningweekly.com
R/€ = 15.90 Change: -0.01
R/$ = 14.07 Change: 0.00
Au 1320.93 $/oz Change: 5.93
Pt 805.07 $/oz Change: 17.61
 

Base Metals News

Deloitte outlines trends to assist miners find new strategic approach

By: Simone Liedtke     29th January 2019 To thrive amid the demands and exigencies that the Fourth Industrial Revolution (4IR) presents, mining companies will need a new strategic approach – one that considers not only the full range of industry shifts and risks, but that also provides executives with an enterprise-wide view of their... 

First Quantum to process stockpiles at Cobre Las Cruces

By: Tasneem Bulbulia     28th January 2019 Canada-based base metals miner First Quantum Minerals said on Monday that it planned to start processing stockpiles at its Cobre Las Cruces mine, in Spain, “sometime in February”, while it continued to develop longer-term plans for the copper mine. Operations at Cobre Las Cruces were suspended... 

Zambia's mining investment arm ups stake in Copperbelt Energy

By: Reuters     28th January 2019 Zambia's State mining investment arm is increasing its shareholding in Copperbelt Energy Corporation (CEC) by 4%, its CEO said on Monday. "We are increasing the shareholding in CEC by 4%and are also looking to buy more shares," Pius Kasolo, CE of ZCCM-IH said during a media briefing. 

Orion welcomes Tembo, noteholders’ support

By: Tasneem Bulbulia     28th January 2019 Dual-listed Orion Minerals has welcomed the support of Tembo Capital Mining and the holders of its convertible notes as it advances its Prieska zinc/copper project, near Kimberley, in South Africa’s Northern Cape. Tembo has provided Orion with a new A$3.6-million loan facility to progress the... 

Trump lifts Rusal, EN+ sanctions as Glencore shuffles stake

By: Bloomberg     28th January 2019 The US Treasury Department lifted sanctions on three firms tied to Russian tycoon Oleg Deripaska, including United Co. Rusal, a move that will provide relief to the global aluminum market. The metal fell in London. Deripaska, an ally of Russian leader Vladimir Putin, will remain under US... 

Trump lifts Rusal, EN+ sanctions as Glencore shuffles stake
Oleg Deripaska

Chilean miner Antofagasta studying $3bn expansion at Centinela -paper

By: Reuters     28th January 2019 Chilean copper miner Antofagasta is evaluating building a new concentrator plant at its Centinela mine that would cost around $3 billion, the CEO of the company was quoted telling a local daily on Sunday. Antofagasta's copper production rose 3% to 725 300 t last year, allowing the company to... 

Barrick CEO on Zambia tax dispute: Threats don't solve problems

By: Bloomberg     25th January 2019 Barrick Gold’s new CEO, Mark Bristow, said his company is seeking solutions to a dispute over mining taxes in Zambia. “We’re engaged with the government in a constructive way,” he told reporters at a press conference in the Ivory Coast’s economic capital, Abidjan. “We don’t believe that... 

Barrick CEO on Zambia tax dispute: Threats don't solve problems
Barrick CEO Mark Bristow

Europa Metals streamlines listings

By: Tasneem Bulbulia     25th January 2019 European lead/zinc explorer Europa Metals has submitted a formal application to be removed from the official list of the ASX and plans to move its main listing from Johannesburg to London. Further, the company also applied to move from the main board of the JSE to the AltX. As a result, its... 

Europa Metals streamlines listings
Europa Metals' primary listing will move to London.

Orion inks new bridge loan facility

By: Esmarie Iannucci     25th January 2019 Dual-listed Orion Minerals has secured a new A$3.6-million bridge loan facility from financier Tembo Capital Mining Find to progress the bankable feasibility study of its Prieska zinc/copper project, in South Africa. The loan facility will be made available in two tranches, with the first... 

MMG reports mixed bag

By: Esmarie Iannucci     25th January 2019 Base metals miner MMG has reported a mixed bag of results during the fourth quarter ended December, with copper and copper cathode production down, while zinc production increased by 200% and lead production by 48% on the previous quarter. MMG on Friday announced that copper cathode production... 

Sconi given ‘prescribed project’ status

By: Esmarie Iannucci     25th January 2019 The Queensland government on Friday declared the proposed A$1.4-billion Sconi cobalt/nickel/scandium project as a prescribed project. Premier Annastacia Palaszczuk said the project would deliver much-needed jobs for the region and make significant contributions to the local economy.  

Sconi given ‘prescribed project’ status

Mining Charter III empowers women, implementation uncertain

By: Jessica Oosthuizen     25th January 2019 Although the Mining Charter III has made great strides in empowering women, it remains to be seen how well these measures will be implemented, says law firm Cliffe Dekker Hofmeyr corporate and commercial director Mmatiki Aphiri. “The charter now has several provisions specifically catering for... 

Mining Charter III  empowers women,  implementation uncertain
MMATIKI APHIRI With Africa’s rich resources, mining will continue to be central to the growth of most African economies

Bisie tin project on track for commissioning in H2

By: Jessica Oosthuizen     25th January 2019 Construction on tin exploration and mining company Alphamin Resources’ Bisie tin project, in North Kivu, in the Democratic Republic of Congo (DRC), is about 90% complete and is on track for commissioning and first production in the second half of this year, says Alphamin Resources CEO Boris... 

Bisie tin project  on track for commissioning in H2
Photo by Creamer Media
BORIS KAMSTRA After commissioning, Alphamin Resources aims to reach nameplate capacity and maintain it for six months

Vibrating-equipment manufacturer to expand internationally

By: Martin Creamer     25th January 2019 As part of a new strategic growth thrust spearheaded by highly experienced mining luminary John Wallington, accomplished South African manufacturer of high-quality customised vibrating equipment – Kwatani – is looking to expand significantly further into Africa and internationally, increase its... 

Continued investment and development in Africa expected

By: Jessica Oosthuizen     25th January 2019 International metals and minerals consultancy Roskill expects continued interest, investment and development in Africa as the electronic vehicle (EV) revolution continues, says Roskill director Jack Bedder. “Africa has a significant role to play in the lithium-ion battery and EV story. The... 

Continued investment  and development in  Africa expected
Photo by Bloomberg
INCREASING DEMAND Cobalt demand is set to grow significantly and prices are expected to remain high

BME to focus on product improvement and organic growth 

By: Nadine James     25th January 2019 With commodity prices either stabilising or improving and several mining projects entering the last stages of development or coming online in 2019, explosives company BME aims to enhance its product offering while investing in its existing footprint, says BME MD Joe Keenan. BME will showcase its... 

BME to focus on product improvement and organic growth
BME MD Joe Keenan discusses the company’s strategy for 2019

Consultancy plans to expand mining capability

By: Jessica Oosthuizen     25th January 2019 Multidisciplinary engineering and environmental consultancy Knight Piésold aims to expand its mining capability and market share, especially in tailings, as well as assist mines in developing renewable-energy projects in remote areas where grid power is unavailable or unreliable, says Knight... 

Consultancy plans to expand mining capability
AWARD WINNING Knight Piésold won a South African Institution of Civil Engineering award for the design of the tailings storage facility of diversified miner Vedanta’s four-million-tonne-a-year Gamsberg zinc project

Mining Charter boosts junior mining

By: Paige Müller     25th January 2019 After 20 years of poor policy and oppressive regulations having all but irradiated South Africa’s junior mining sector, the local junior mining industry is beginning to turn around as a result of the Mining Charter, says minerals explorer Orion Minerals CEO Errol Smart. Serving as Junior Miner... 

Mining Charter  boosts junior mining
SCOPING STUDY COMPLETED Orion Minerals released a scoping study on its Prieska Zinc/Copper project that established a robust first phase of production with solid cash flow potential and a payback of three years from initial production

Battery metals a key opportunity for Africa

By: Paige Müller     25th January 2019 A number of exploration projects are moving closer to production, following a period of significant explorative work financed by investors in the African battery metals space, says minerals exploration and evaluation consultancy firm The MSA Group principal consultant for critical metals Michael... 

Battery metals a key  opportunity for Africa
OPTIMISING POTENTIAL To attract further investment into the wealth of battery metals available in Africa, countries will need to mitigate investor risk

Sierra Metals records strong yearly production

By: Tasneem Bulbulia     24th January 2019 Latin American miner Sierra Metals achieved strong production results in 2018, continuing a ten-year track record of consolidated yearly ore throughput growth, as well as record quarterly ore throughput at both its Bolivar copper and Cusi silver mines, in Mexico. This is according to the... 

Freeport-McMoRan Q4 income slides, but FY profit still up

By: Marleny Arnoldi     24th January 2019 NYSE-listed Freeport-McMoRan on Thursday a drop in fourth-quarter revenue and net income, although the base metals miner finished the year on a stronger foot than in 2017 and said it remained confident in the long-term outlook for copper. The miner posted revenue of $3.68-billion in the fourth... 

Freeport-McMoRan Q4 income slides, but FY profit still up
Photo by Bloomberg
Freeport McMoRan president and CEO Richard Adkerson

Vedanta commits to $1.2bn investment into South Africa

By: Marleny Arnoldi     24th January 2019 Diversified natural resources company Vedanta will in the near future have invested $1.2-billion in South Africa. It has already invested $400-million in the development of the first phase of the Gamsberg mine, in the Northern Cape. Development of the mine started in 2016 and it produced its... 

Anglo American delivers solid Q4 performance  

By: Tasneem Bulbulia     24th January 2019 Diversified miner Anglo American achieved a 7% year-on-year increase in total production on a copper equivalent basis for the fourth quarter of 2018, excluding the effect of the stoppage at its Minas-Rio iron-ore mine, in Brazil. “Our continuing focus on efficiency and productivity improvements... 

Kaz reports strong copper, gold production for 2018

By: Marleny Arnoldi     24th January 2019 Kazakhstan- and London-listed Kaz Minerals managed to increase its copper production for 2018 by 14% to 294 700 t, compared with 258 500 t in 2017, hitting the upper end of its 270 000 t to 300 000 t guidance. The company’s gold production for the year also increased to 183 400 oz, compared... 

Indian govt pushes for import duty hikes on primary aluminium, scrap

By: Ajoy K Das     24th January 2019 India’s Commerce Ministry is pushing for a hike in alumunium and aluminium scrap import duties in the forthcoming national Budget to offer protection to domestic producers reeling from a sharp spike in inward shipments of the non-ferrous metal. There have been numerous representations from... 

US copper projects gain steam thanks to electric vehicle trend

By: Reuters     24th January 2019 Once seen as a laggard in the global mining industry, US copper deposits have quietly drawn more than $1.1-billion in investments from small and large miners alike as Tesla and other electric carmakers scramble for more of the red metal. Four US copper projects are set to open by next year - the... 

Prominent Hill executes stellar quarter

By: Esmarie Iannucci     24th January 2019 Copper and gold production from the Prominent Hill operation, in South Australia, has exceeded expectations in 2018, ASX-listed Oz Minerals reported on Thursday. Copper production from Prominent Hill reached 110 111 t during the full year ended December, which was higher than the guided 100 000... 

Gold, copper prices to rebound in 2019 – Fitch Solutions

By: Nadine James     23rd January 2019 Increased economic uncertainty and declining metal stocks are expected to drive gold and copper prices this year, Fitch Solutions commodities analyst Sabrin Chowdhury stated during a webcast on Wednesday. She noted that the expected rebound in gold was “already playing out” and that the price... 

Antofagasta ends 2018 on strong note with record copper production

By: Tasneem Bulbulia     23rd January 2019 Chilean copper mining group Antofagasta ended 2018 on a strong note, achieving record production for the final quarter of 220 000 t and touching the top end of the full-year guidance at 725 300 t. Full-year production is also a new record for the company and 3% higher than output in 2017, owing... 

Antofagasta ends 2018 on strong note with record copper production
Antofagasta CEO Ivan Arrigada

Fresnillo records strong, but lower-than-expected FY results

By: Tasneem Bulbulia     23rd January 2019 LSE-listed, Mexico-focused miner Fresnillo achieved record silver production, and strong gold production in 2018, despite it being a challenging year for the company. Silver production for the year was 61.8-million ounces, including Silverstream, up 5.3% on 2017, mainly owing to the first full... 

First Quantum Minerals scraps plan to cut jobs in Zambia

By: Reuters     23rd January 2019 Canadian mining firm First Quantum Minerals says it has ended plans to layoff 2 500 workers in Zambia due to higher tax plans and will continue to dialogue with the government over the issue. "First Quantum will not now proceed with the planned lay-off of any Zambians involved in its production... 

Champion Iron in exploration JV adjacent to Bloom Lake mine

By: Marleny Arnoldi     22nd January 2019 TSX- and ASX-listed Champion Iron has reached a one-year joint venture (JV) agreement with CSE-listed Supreme Metals to access claims located on the Bloom Lake East property, adjacent to Champion’s flagship asset – the Bloom Lake iron-ore mine, in Quebec. Supreme conducted magnetic survey work... 

Supervisers at Codelco mine in Chile reject labor offer, strike looms

By: Reuters     22nd January 2019 The union of supervisors at state miner Codelco's Gabriela Mistral mine in northern Chile has rejected the company's final offer for a new collective labor agreement, raising the specter of a strike in the coming days, the union president told Reuters on Tuesday. The union said Codelco, the... 

Supervisers at Codelco mine in Chile reject labor offer, strike looms

Parys Mountain optimisation study progresses

By: Tasneem Bulbulia     22nd January 2019 London-listed Anglesey Mining has noted progress of the optimisation study being carried out on its Parys Mountain copper, zinc, lead, gold and silver project, located on the island of Anglesey in North Wales. The optimisation study is being conducted under a project development and cooperation... 

Finders strikes $18m advance payment deal

By: Esmarie Iannucci     22nd January 2019 ASX-listed Finders Resources, through its subsidiary PT Batutua Tembanga Raya (BTR) has entered into an $18-million advance payment transaction with Posco Daewoo Corporation. The advance payment to BTR is in exchange for 4 800t of copper cathode, which will be delivered in shipments of 400 t a... 

Barrick announces FY production results

By: Mariaan Webb     22nd January 2019 NYSE- and TSX-listed Barrick Gold has met its production target for 2018, producing 4.53-million ounces of gold, 1.26-million ounces of which were produced in the final quarter of the year. Although the production performance was in line with its 4.5-million to 5-million guidance for 2018, it... 

Barrick announces FY production results

MOD Resources surges, says Sandfire takeover undervalued

By: Esmarie Iannucci     22nd January 2019 The share price of copper developer MOD Resources increased by 50% on Tuesday after the company told shareholders that the A$113-million indicative takeover offer from fellow-listed Sandfire Resources undervalued the company. MOD on Tuesday revealed a A$15-million capital raise to fund working... 

Jervois to acquire M2 Cobalt to propel its East African ambitions

By: Marleny Arnoldi     22nd January 2019 ASX-listed Jervois Mining will acquire TSX-V-listed M2 Cobalt as it seeks to gain a foothold in East Africa. Under the terms of the agreement, each common share of M2 will be exchanged for one common share of Jervois. This represents an implied offer price of C$0.262 apiece, based on the closing... 

Latest News

more

Latest Videos

more

Press Office

more

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
Free daily email newsletter Register Now
Register Close