Global Mining News in real time

Diversified Miners News

Beacon Hill restructuring talks ongoing

By: Natalie Greve Responding to a jump in its share price, Beacon Hill reiterated on Friday that it remained in advanced negotiations with an unnamed development finance institution in relation to a new senior debt facility. The commodity producer’s shares on the LSE were trading up 5.8% to 0.09p on Friday... 

Wallbridge pays down additional debt by $1m

By: Creamer Media Reporter TSX-listed exploration and mining company Wallbridge Mining has successfully negotiated an early prepayment of $1-million on its $2-million debt owing to Callinan Royalties. This was pursuant to a line of credit (LoC) entered into with Callinan on December 12, 2012. The interest payable on the... 

Australia's RBA upbeat on outlook for China resource demand

By: Reuters Chinese demand for Australian resources is likely to stay strong over the long run as the Asian giant continues to urbanise and mature into a consumer-led economy, a top central banker said on Friday. The Reserve Bank of Australia's (RBA) head of economic research, Alexandra Heath, acknowledged... 

Nuclear metal hafnium price hits record high

By: Reuters The price of nuclear and aerospace metal hafnium has surged to an all-time high as shrinking supplies fail to catch up with demand from consuming industries, traders said. Producers had run down their existing stockpiles and any available material was being sold on a first-come-first-served... 

Energy security takes centre stage at Australia-India meeting

By: Esmarie Swanepoel Australian Prime Minister Tony Abbott and his Indian counterpart Narendra Modi have prioritised the resources sector as one of the key areas for shared commercial growth, following the G20 summit in Brisbane. In a joint statement this week, the two Prime Ministers noted that energy was a central... 

Energy security takes centre stage at Australia-India meeting

MZI awards EPC contract at Keysbrook

By: Esmarie Swanepoel Mineral sands developer MZI Resources has executed a A$54.6-million engineering, procurement and construction contract for its Keysbrook project, in Western Australia, with project house GR Engineering Services. The contract was for the delivery of the Keysbrook mine site and an upgrade to the... 

Latest Gemfields emerald auction yields $35m

By: Creamer Media Reporter Aim-listed Gemfields’ latest auction of rough emerald mined at its Kagem mine in Zambia has earned the company $34.9-million from the sale of 598 000 ct. The auction, which was held in Lusaka from November 13 to 17, was the second for the current financial year, and 16 of the 17 lots on offer had... 

Landmark Oz-China free trade deal wins praise from resources sector

By: Esmarie Swanepoel A jubilant Australian resources sector has welcomed the federal government’s signing of a free trade agreement (FTA) with China. Australian Prime Minister Tony Abbot on Monday inked a landmark free trade agreement with China’s President Xi Jinping, following the G20 meeting in Brisbane. 

Landmark Oz-China free trade deal wins praise from resources sector

Commodity slump threatens return to 'junk' for top emerging nations

By: Reuters Slumping prices for oil and other commodities and the prospect of rising global interest rates threaten to return some of the biggest emerging market (EM) nations to "junk" credit ratings, laying bare many countries' failure to reform in the good times. Emerging economies have earned roughly 200... 

Commodity slump threatens return to 'junk' for top emerging nations

Improved output, offtake likely to boost Sylvania’s FY2015 showing

By: Natalie Greve The combination of a stable production profile, improved offtake and the receipt of chrome recovery permissions, have improved Sylvania Platinum’s outlook for the 2015 financial year, the company said on Monday. The miner said in a statement that the Sylvania dump operations (SDO) had exceeded... 

Diatreme inks Aboriginal agreement for Cyclone

By: Esmarie Swanepoel Diversified junior Diatreme Resources was one step closer to production at its Cyclone mineral sands project, in Western Australia, after its subsidiary Lost Sands signed a project agreement with traditional owners. The agreement allowed the Department of Mines and Petroleum to grant a mining... 

Sula raises £585 000 through share placing to fund exploration

By: Natalie Greve Sierra Leone-focused multicommodity explorer Sula Iron and Gold has conditionally raised £585 000 through a placing of 39-million new ordinary shares of 1p each at a price of 1.5p per placing share with institutional investors. The proceeds of the placing would be used to progress Sula's gold and... 

Gemfields posts solid quarterly output, but lower grades

By: Natalie Greve Aim-listed Gemfields’ 75%-owned Kagem emerald mine, in Zambia, yielded 6.3-million carats at a grade of 214 ct/t of ore and unit operating costs of $1.63/ct in the three months ended September 30. This was a slight decrease on the 6.5-million carats recovered in the quarter ended September 30, 2013. 

Rio Tinto’s Walsh urges G20 leaders to reduce investment risk 

By: Esmarie Swanepoel Mining giant Rio Tinto CEO Sam Walsh has called on the delegates attending the G20 summit in Brisbane, Australia, to support investment in their various countries by supporting the vision of economic growth and reducing investment risk. Speaking ahead of the G20 meeting, Walsh said that... 

Rio Tinto’s Walsh urges G20 leaders to reduce investment risk
Photo by Bloomberg
Rio Tinto CEO Sam Walsh

Glencore to idle Australian coal mines for three weeks

By: Esmarie Swanepoel Mining giant Glencore on Friday confirmed that it would implement production shut-downs across its Australian coal operations for a period of three weeks, starting in mid-December. The miner said that the shutdowns would result in a reduced output of some five-million tonnes from its Australian... 

Glencore to idle Australian coal mines for three weeks

WA mining sector expects worker decline by 2025

By: Esmarie Swanepoel An outlook on the Western Australian resources sector has predicted that while the number of actual workers in the sector would decline between now and 2025, the percentage of fly-in, fly-out (Fifo) workers would increase in the near future. The Western Australian Chamber of Minerals and Energy... 

EY’s Canadian Mining Eye falls 15% during Q3, expects sluggish Q4

By: Henry Lazenby Professional services firm EY's quarterly ‘Canadian Mining Eye’ index fell 15% in the September quarter, paring a 9% gain during previous quarter. The firm said on Thursday that the fall in the index was in line with the S&P/TSX Composite index, which also plummeted 15% during the period, while... 

EY’s Canadian Mining Eye falls 15% during Q3, expects sluggish Q4

Vale to dispose of parts of its Mozambique coal and infrastructure projects

By: Keith Campbell Brazilian major mining group Vale has revealed that it will, in the near future, announce the sale of a share in its Moatize coal operation in Mozambique. This was stated by group CEO Murilo Ferreira in a recent teleconference about Vale’s financial performance during the third quarter (3Q14).... 

China’s coal policies may slow import growth

By: Esmarie Swanepoel Australia has warned that China’s recent coal policy announcements, including a measures to protect its struggling domestic industry, may reduce the growth in coal imports over the remainder of the year. However, the policy changes did not mean a decline in coal use, the Bureau of Resources and... 

BHP confirms Venus suspension, staff cuts

By: Esmarie Swanepoel Diversified giant BHP Billiton on Thursday confirmed that it had taken 90 staff off its payroll at the Leinster nickel operations, in Western Australia, following its decision not to divest of the Nickel West business division. It is understood that the employees were working at the Venus project. 

MZI signs $110m financing deals for Keysbrook

By: Esmarie Swanepoel ASX-listed mineral sands developer MZI Resources has inked finance agreements of up to A$110-million for the development of its Keysbrook project, in Western Australia. The company said on Thursday that it had executed a $45-million senior debt and working capital facility agreement, as well as... 

BHP to retain Nickel West as noncore asset

By: Esmarie Swanepoel Mining giant BHP Billiton has shelved the sale of its Western Australian Nickel West division, after failing to secure an acceptable offer for the unit. The Nickel West business comprises the Mt Keith, Cliffs and Leinster mines, as well as the Kalgoorlie smelter, Kambalda concentrator and the... 

BHP to retain Nickel West as noncore asset

Bonfire of the juniors avoided as role of alternative finance gathers pace

By: Simon Rees The number of companies that have delisted from the TSX and the TSX-V is far fewer than many commentators predicted, while the level of financing activity by mining companies on both exchanges has also increased, attendees at the mineLatinAmerica convention, in Toronto, were told. Alternative... 

Economic volatility, low commodity prices to hurt mining industry

By: Henry Lazenby Global economic challenges, the strengthening US economy and an imbalance of supply and demand have had a devastating impact on the commodities market, a new report by professional services firm PwC has found. PwC’s 'Gold, silver and copper price report 2015’ noted that low prices had led to... 

SA mining industry shows financial decline in 2014 – report

By: Natalie Greve A swelling cost base and shrinking margins have dented the financial showing of South Africa’s mining industry over the past year, driving impairments up 145% to R49-million and resulting in a 19% contraction in the sector’s capital expenditure (capex) for the year to R57-billion, a report by... 

Australia faces $30bn export revenue hit from slide in iron-ore, coal

By: Reuters A worldwide fall in iron ore and coal prices is set to cut Australia's overall export revenue by $32-billion, equal to 2% of projected GDP this year, Reuters calculations show. Australia is by far the world's biggest exporter of iron ore and coal, commodities that helped it sidestep the worst of... 

Struggling miners see silver lining in FX, cheaper oil

By: Reuters Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize - weaker local currencies and falling oil prices that will help trim their costs. Metal prices have plunged to multi-year lows as the US dollar strengthened against a basket of... 

Petmin ups quarterly output, sales

By: Natalie Greve JSE-listed Petmin increased its production of metallurgical anthracite by 24% to 340 010 t in the three months ended September 30, compared with the same period in 2013, the company said in a quarterly update to the market on Monday. The company reduced costs by 7% over the quarter, while sales... 

Mining sector to herald M&A boom time as planets align – Grant Thornton

By: Henry Lazenby A new report from international firm Grant Thornton has found that the mining sector will experience a new era in mergers and acquisitions (M&A) as a near perfect alignment of factors was taking place. Following a slow period for transactions, in which last year's deal volumes failed to breach... 

WA Index contracts on depressed oil and iron-ore prices

Weak commodity prices have led the top 100 Western Australian listed companies to have a 1.2% decrease in their market capitalisation at the end of October, with advisory firm Deloitte’s WA Index closing at A$141.7-billion at the end of the month. A 6% rise in aluminium prices provided some... 

Biogas power generation has huge potential for postmining land use 

By: Chantelle Kotze Global climate change and the need for sustainable land rehabilitation in the mining industry are prompting mining companies to reassess their approach to postmining land use to ensure that they leave a positive legacy, notes carbon advisory firm Promethium Carbon director Robbie Louw. The... 

Biogas power generation has huge potential for postmining land use
2 3 4 5 6 7 8 9 Next Last

Latest News


Latest Videos


Topics In These Articles

RSS Feed


Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


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


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
R/€ = 13.76Change: 0.11
R/$ = 10.96Change: 0.10
Au 1193.42 $/ozChange: 4.09
Pt 1213.50 $/ozChange: 10.00