http://www.miningweekly.com
R/€ = 15.80 Change: -0.10
R/$ = 14.37 Change: -0.05
Au 1319.72 $/oz Change: -0.48
Pt 1094.00 $/oz Change: 9.00
 

Diversified Miners News

Sherritt’s second-quarter net loss per share widens by 119%

By: Samantha Herbst     Updated 1 hour 43 minutes ago As nickel prices remained under pressure in the three months to June 30, with reference prices averaging $4/lb, TSX-listed diversified miner Sherritt International has reported a 119% wider net loss a share from continuing operations in the second quarter, which translates to a 44% wider net loss... 

Advantage, Nevada Sunrise to drill for lithium

By: Megan van Wyngaardt     Updated 5 hours ago TSX-listed lithium project developer Advantage Lithium on Monday reported that its exploration partner Nevada Sunrise Gold Corp had received drill permits for three lithium brine projects in Nevada. The Jackson Wash, Clayton NE and Gemini Lithium projects are three of five projects included in... 

Platypus Minerals to further explore Canada for lithium

By: Megan van Wyngaardt     Updated 5 hours ago Perth-based Platypus Minerals has entered into a binding memorandum of understanding (MoU) to acquire the Royal lithium prospect, located 30 km north of Val d’Or, in Quebec. Platypus is acquiring Royal in conjunction with Canada-listed St Georges Platinum and Base Metals on a 70:30 relative basis. 

Looming price falls may force big miners to speed up asset sales

By: Reuters     Updated 7 hours ago Three of the world's top five miners will need to step up asset sales in the second half of this year to meet a $14-billion full-year target as they race to cut debt, with a recent rally in commodities prices seen as short-lived. The world's biggest miners predicted doom and gloom for 2016 six... 

Ndlovu to head Anglo coal

By: Martin Creamer     Updated 7 hours ago Anglo American Platinum (Amplats) operational processing executive head July Ndlovu has been appointed CEO of Anglo American’s coal business in South Africa. This follows the appointment of Themba Mkhwanazi as CEO of Kumba Iron Ore, following Norman Mbazima’s decision to step down after four... 

Ndlovu to head Anglo coal
Photo by Duane Daws
New Anglo Coal CEO July Ndlovu

Bushveld to acquire Vametco at lower price

By: Megan van Wyngaardt     25th July 2016 Aim-listed Bushveld Minerals and Evraz Group have agreed on amendments to the terms of the share purchase agreement for the acquisition by Bushveld Vametco of Evraz’s Strategic Minerals Corporation (SMC), resulting in the purchase price reducing from $17.2-million to $16.4-million. Bushveld and... 

Osisko disposes of shares in three companies

By: Megan van Wyngaardt     25th July 2016 TSX-listed precious metals company Osisko Mining has disposed of several million shares in fellow TSX-listed explorers, including 1.29-million common shares in Metals Creek Resources and 6.25-million common shares in IDM Mining, for the consideration of $133 891 and $1.37-million, respectively.... 

Regulatory uncertainty worries Queensland CEOs – survey

By: Megan van Wyngaardt     25th July 2016 Legislation stemming from the Queensland Parliament is a greater concern to resource company CEOs than global macroeconomic conditions, the Queensland Resources Council’s (QRC’s) quarterly ‘State of the Sector’ survey has found. The survey reveals, that for the second quarter in a row, concerns... 

Anglo American Platinum generates strong free cash flow, cuts debt

By: Martin Creamer     25th July 2016 Anglo American Platinum (Amplats) on Monday reported generating R3.2-billion free cash flow in the six months ended June 30, and cutting debt by R2.9-billion, despite the lower price environment. The leading platinum producer’s sales revenue increased by 3% to R30.7-billion, its earnings before... 

Anglo American Platinum generates strong free cash flow, cuts debt
Photo by Duane Daws
Anglo American Platinum CEO Chris Griffith

Guinea's SBDT bauxite project to begin mine construction this year

By: Reuters     25th July 2016 Guinea's Societe des Bauxites de Dabola-Tougue (SBDT) expects to begin construction on a mine by the end of this year that would allow it to exploit its large, untapped reserves of bauxite, the company's chief executive said on Friday. The state of Iran holds a 51% stake in SBDT, which owns... 

Vedanta sweetens deal for Cairn merger to sway shareholders

By: Bloomberg     22nd July 2016 Vedanta sweetened the deal for Cairn India Ltd. shareholders by increasing the number of preference shares four times to salvage a deal which would help create a natural-resources group to compete with BHP Billiton and Vale. Vedanta will offer minority shareholders of Cairn India one equity share... 

Lincoln keen to complete Kookaburra Gully PEPR by year-end

By: Megan van Wyngaardt     22nd July 2016 ASX-listed Lincoln Minerals is hoping to emerge next year as a supplier of graphite to global markets, with its flagship Kookaburra Gully graphite project, on South Australia’s Eyre Peninsula steaming ahead. The company recently received a mineral lease for the mine from the South Australian... 

Black Rock marketing graphite to new markets

By: Megan van Wyngaardt     22nd July 2016 Tanzania-focused graphite company Black Rock Mining has stepped up its offtake marketing activities, engaging potential offtake partners and presenting the company’s value proposition as a secure and reliable alternative source of high purity graphite for various applications. Marketing manager... 

Anglo Pacific’s H1 sales beat previously guided range by about 20%

By: Samantha Herbst     22nd July 2016 Half-year sales from dual-listed royalty company Anglo Pacific Group’s private royalty lands are expected to be in the range of 35% to 40%, the group announced earlier this week, after receiving notification from British-Australian multinational Rio Tinto of the invoiced payable tons for the... 

Britain goes back to Bronze Age with plans to revive tin mining

By: Bloomberg     22nd July 2016 A half mile shaft of filthy water dug into the granite that forms the southernmost tip of England separates Richard Williams from his dream of bringing back mining to a region known for its tin since before Roman times. It’s just one hurdle for the head of Canadian upstart Strongbow Exploration Inc. 

Guinea’s One-Stop Shop to assist with integrated projects, boost mining sector

By: Mia Breytenbach     22nd July 2016 The World Bank Group, the African Development Bank (AfDB) and the government of Guinea have launched the One-Stop Shop – a facility for business procedures that will simplify and accelerate the processing of licences, permits and other approvals for integrated mining and infrastructure projects.... 

Guinea’s One-Stop Shop to assist with  integrated projects, boost mining sector
Photo by Bloomberg
GUINEA'S GOAL The country aims improve its investment climate and encourage development of its mining sector

Mines offered credit line to secure US equipment, services

By: Ilan Solomons     22nd July 2016 With mines struggling to raise capital to buy capital equipment and services for their projects, international commercial lender American Trade & Finance Company (Atrafin) is offering miners the opportunity to buy high-quality US solutions by providing them with the required finance. The company... 

Mines offered credit line to secure US equipment, services
CREDIT LIFELINE American Trade & Finance Company is well placed to provide finance for mines to secure high-quality US products and services

Mintek uses mining slump to overhaul analytical services laboratory ahead of upturn

By: Dylan Slater     22nd July 2016 State-owned mineral and metallurgical innovation company Mintek unveiled its newly overhauled analytical services division (ASD) earlier this month, declaring the new facility an investment in both its and the mining industry’s future. 

Mintek uses mining slump to overhaul analytical services laboratory ahead of upturn
MODERN LABORATORY Mintek undertook a complete revamp of its analytical services division to ensure it has a modern, efficient laboratory by the time the mining industry experiences the next upswing

Ruskoway outlines ambitious plans to develop diverse asset portfolio

By: Ilan Solomons     22nd July 2016 South African junior mining and exploration company Ruskoway is intent on developing its four diversified mineral resource projects in South Africa, says Ruskoway project manager Siyabonga Sibiya. The company’s Fonte Verde platinum-group metals (PGMs), nickel and copper deposit is located near... 

Ruskoway outlines ambitious plans to develop diverse  asset portfolio
IRON MINERALISATION Ruskoway’s latest testwork on Matayo has established that a final product of up to 69% iron maghemite can be produced

South32 on track to meet FY2017 cost guidance; FY2016 production in line with forecasts

By: Mia Breytenbach     21st July 2016 Diversified major South32 says the completion of restructuring initiatives and the fact that production met or exceeded guidance for the 2016 financial year for the majority of its operations is positioning the company well to achieve its unit cost guidance in the new financial year. Despite a... 

South32 on track to meet FY2017 cost guidance; FY2016 production in line with forecasts
Photo by Bloomberg
South32 CEO Graham Kerr

Development activities under way at Lithium X’s Salta de los Angeles project

By: Samantha Herbst     21st July 2016 Several development activities are under way at TSX-listed Lithium X’s Sal de los Angeles lithium brine project, in Argentina’s Salta province, following the appointment of Eduardo Morales as COO and Andres Barrientos as project GM. The lithium development company has initiated several pump... 

Lithium Power International to develop Chile-based project

By: Megan van Wyngaardt     21st July 2016 Pure-play lithium explorer Lithium Power International has entered into a binding and exclusive agreement with Chile-based mineral exploration company Minera Salar Blanco (MSB) to undertake due diligence on the exploration and development of the high-grade Maricunga lithium brine project, in... 

Anglo ups South African export coal output as diamond, iron-ore volumes fall

By: Martin Creamer     20th July 2016 Diversified mining company Anglo American upped South African export coal production in the three months to June 30, which saw local diamond and iron-ore output fall appreciably. While Eskom-related production remained broadly unchanged in the second quarter, export coal production rose 8% to... 

Anglo ups South African export coal output as diamond, iron-ore volumes fall
Photo by Duane Daws
Anglo American CE Mark Cutifani

BHP aims to grow copper, iron-ore, coal volumes in FY17

By: Mariaan Webb     20th July 2016 Diversified mining group BHP Billiton, which narrowly missed its iron-ore production guidance for the 2016 financial year, aims to grow its copper, iron-ore and metallurgical coal production in the next financial year by focusing on improving its productivity. Reporting on the group’s 2016... 

BHP aims to grow copper, iron-ore, coal volumes in FY17
BHP Billiton CEO Andrew Mackenzie

Judgment shows courts won’t easily endorse Mining Charter III's blunt arithmetical quotas – Leon

By: Martin Creamer     19th July 2016 Mineral Resources Minister Mosebenzi Zwane would do well to ponder last Friday’s landmark Constitutional Court judgment as he and his department mull public comments on the draft reviewed Mining Charter that he sprung on the South African mining industry in a surprise April gazetting. This is... 

Judgment shows courts won’t easily endorse Mining Charter III's blunt arithmetical quotas – Leon
Photo by Duane Daws
Herbert Smith Freehills’ Peter Leon,

Caeneus to expand Nevada lithium portfolio

By: Megan van Wyngaardt     19th July 2016 Australian base metals miner Caeneus Minerals is set to expand its US-based lithium portfolio through the acquisition of 100% interest in Perth-based ATC Resources’ Sarcobatus Flats and Columbus Marsh exploration projects, in Nevada, in the US. Caeneus reported on Tuesday that it would issue... 

Consolidated Tin Mines appoints administrators

By: Megan van Wyngaardt     19th July 2016 Australia-based miner Consolidated Tin Mines has appointed Hall Chadwick’s Blair Pleash and Kathleen Vouris as voluntary administrators, following the company’s failure to secure funding arrangements to address its working capital requirements. Consolidated Tin Mines has been engaged in... 

RHA plant upgrades completed

By: Megan van Wyngaardt     19th July 2016 Aim-listed Premier African Minerals has completed plant upgrades at its 49%-owned RHA tungsten project, in Zimbabwe.   The screens, plant modifications and electrical reticulation works have been completed and the plant is undergoing a phased commissioning and optimisation process to achieve the... 

Talga launches graphene product line

By: Megan van Wyngaardt     19th July 2016 Advanced materials company Talga Resources is seeking to unlock early commercialisation opportunities from its pilot plant facility in Germany by manufacturing targeted fit-for-purpose graphene products. Through four specific graphene products, including coatings, polymer composites, building... 

Alabama inks nondisclosure accords with US Department of Defence equipment makers

By: Henry Lazenby     18th July 2016 Project developer Alabama Graphite (AGC) on Monday revealed that it had signed six nondisclosure agreements (NDAs) with manufacturers of equipment for the US Department of Defence (DoD). The agreements were meant to spur discussions and the due diligence evaluation of samples of AGC’s US-sourced... 

Largo makes vanadium-redox flow battery mark with nonbinding offtake MoU

By: Henry Lazenby     18th July 2016 Canadian vanadium producer Largo Resources has entered into a nonbinding memorandum of understanding (MoU) for an offtake agreement with Massachusetts-based energy technology firm Vionx Energy. The announcement lifted Largo’s TSX-V-listed stock by more than 4% to C$0.47 apiece on Monday. 

Largo makes vanadium-redox flow battery mark with nonbinding offtake MoU
Photo by Largo Resources
Largo Resources' Maracás Menchen mine, Brazil

Mining houses pledge support for fight against HIV/Aids

By: David Oliveira     18th July 2016 Major miners Anglo American and Harmony Gold have pledged their support for the United Nations' HIV/Aids organisation UNAids’ global #ProTEST HIV campaign. The campaign is aimed at positively contributing to the goal of ending HIV/Aids by 2030, by highlighting the importance of voluntary HIV... 

Mining houses pledge support for fight against HIV/Aids
Anglo American CEO Mark Cutifani

Aguia advances Três Estradas phosphate project

By: Samantha Herbst     18th July 2016 Based on a positive resource update reaffirming the potential value of its flagship Três Estradas phosphate deposit, in southern Brazil, ASX-listed fertiliser developer Aguia Resources has confirmed its intention to commence with a bankable feasibility study (BFS) once additional project... 

Tax Bill throws up royalty surprises as Davis Tax Committee mulls broader mining reforms 

By: Martin Creamer     18th July 2016 The Taxation Laws Amendment Bill released on July 8 contains two surprise amendments to mineral royalty taxation on the eve of the Davis Tax Committee’s next mining tax report, which is expected to provide the royalty regime with much needed certainty. The two amendments proposed in the Bill,... 

Tax Bill throws up royalty surprises as Davis Tax Committee mulls broader mining reforms
KPMG tax head Muhammad Saloojee talks to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Lynas revenue rises as sales volumes hit record

By: Megan van Wyngaardt     18th July 2016 Rare earths miner Lynas has increased its revenue by 25% in the June quarter, owing to a significant improvement in sales volumes and production. The ASX-listed miner sold a record 3 806 t of rare-earth oxide (REO) in the fourth quarter, generating revenue of A$55.9-million tonnes, compared with... 

Turnbull names new Resources Minister, expands Environment and Energy portfolio

By: Megan van Wyngaardt     18th July 2016 Australian Prime Minister Malcolm Turnbull has made minor changes to his Cabinet, removing the position of a sole Environment Minister and replacing it with an expanded Environment and Energy portfolio, headed by former Resources Minister Josh Frydenberg. Greg Hunt will move from the environment... 

Turnbull names new Resources Minister, expands Environment and Energy portfolio
Australian Prime Minister Malcolm Turnbull

MZI to increase sales volumes to major leucoxene customer

By: Megan van Wyngaardt     18th July 2016 Mineral sands miner MZI Resources has received a request for a significant increase in contracted sales volumes for L70 and L80 from the Keysbrook mine, in Western Australia. The request from its major leucoxene customer came amid growing signs in recent months of improving market conditions for... 

Strategic ‘levers’ need to be engaged to ensure miners can successfully emerge from current turmoil – EY

By: Dylan Slater     15th July 2016 Mining companies must move faster to generate cash and strengthen their balance sheets to ensure they can successfully navigate ongoing volatility, a report by EY has shown.  

Strategic ‘levers’ need to be engaged to ensure miners can successfully emerge from current turmoil – EY
PAUL MITCHELL Extracting greater value from existing assets can drive productivity and help mining and metals companies manage risk
First
Prev
1
2 3 4 5 6 7 8 9 Next Last

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
Subscribe Now for $119 Close