R/€ = 15.42 Change: -0.15
R/$ = 13.73 Change: -0.11
Au 1333.21 $/oz Change: -5.62
Pt 1039.00 $/oz Change: -15.50

Europe News

Barberton tailings plant shoots lights out with cheap, upped gold 

By: Martin Creamer     23rd September 2016 In the 12 months to June 30, gold was produced by the Barberton Tailings Retreatment Plant (BTRP) of Pan African Resources at the exceptionally low all-in cost of $332/oz. While Barberton Mines as a whole had a good financial year underground and on surface, it was the on-surface BTRP that shot... 

Greenland Minerals teams up with Shenghe on Kvanefjeld development

By: Mariaan Webb     23rd September 2016 Shanghai-listed rare earths company Shenghe Resources will acquire a 12.5% interests in Greenland Minerals and Energy (GMEL) and enter into a strategic working relationship with the Australia-listed company to advance the Kvanefjeld project. Shenghe downstream processing subsidiary Leshan Shenge... 

Uranium prices sink lower amid oversupply

By: Bloomberg     23rd September 2016 Uranium prices have gone from bad to worse, slumping to an 11-year low as brimming global inventories weigh on a market that hasn’t recovered from the Fukushima disaster in Japan. Spot uranium declined 1.4% to $24.40/lb on Thursday, the lowest since April 2005, according to data from Ux... 

TiZir could have more damage - MDL

By: Esmarie Swanepoel     23rd September 2016 ASX-listed Mineral Deposits Limited (MDL) has restarted operations at its TiZir titanium and iron ilmenite upgrading facility, in Norway, but has warned that the full extent of damages incurred during an August incident was not yet known. MDL in August halted operations at TiZir following an... 

Armadale to increase focus on Tanzania graphite project

By: Megan van Wyngaardt     22nd September 2016 Investment company Armadale Capital will increase its focus on further developing its Mahenge Liandu graphite project in southeast Tanzania, as it represented an “exciting new investment”. Being a key element in the global battery market, the potential of the graphite prospect led to a successful... 

End-to-end mechanisation edging South Deep forward – Gold Fields

By: Martin Creamer     22nd September 2016 South Deep, Gold Fields’ fully mechanised deep-level gold mine, has reached the point of honouring its full mining value chain with on-the-go ground support, simultaneous backfilling of the voids created, an extension of mechanising to hanging wall and side wall drilling, and mesh support... 

End-to-end mechanisation edging South Deep forward – Gold Fields
Photo by Duane Daws
Gold Fields CEO Nick Holland

Russia to outshine other European mining countries even more by 2020

By: Megan van Wyngaardt     22nd September 2016 While regulatory policies and elevated production costs will continue to pose the greatest challenges for miners operating in Europe to 2020, BMI Research has highlighted Russia as the region's “growth bright spot” in terms of mining industry value (MIV) growth rates. The research and advisory... 

Rambler ramps up output, meets or exceeds most 2016 targets

By: Henry Lazenby     22nd September 2016 Rambler Metals and Mining has met or exceeded most of its production targets for the 2016 fiscal year ended July 31 at its flagship Ming mine, in Newfoundland and Labrador. While copper concentrate grades at 26.9% fell just short of the lower end of its targeted 27% to 29% guidance, gold and... 

Pan African investigating R1.7bn gold tailings project 

By: Martin Creamer     21st September 2016 Gold mining company Pan African Resources is investigating a large gold tailings retreatment project at its Evander mines in Mpumalanga. Underwritten proposals have been received for the full financing package for the Elikhulu project, which will require an estimated capital expenditure of... 

Pan African investigating R1.7bn gold tailings project
Pan African CEO Cobus Loots outlines growth plans to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer. 21.9.2016

Brazil’s looming wet season poses new Samarco risks, BHP warns

By: Bloomberg     21st September 2016 BHP Billiton, the world’s biggest miner, warns Brazil’s impending wet season may result in further environmental damage due to the failed Samarco dam, carrying the risk of new fines and legal claims. Work is underway to reinforce dam structures to help contain tailings as the November-to-April... 

Pan African profit soars, dividend increased

By: Martin Creamer     21st September 2016 A year of record gold production has resulted in the Pan African Resources group delivering an outstanding set of results. In the 12 months to June 30, the gold mining operations of the London- and Johannesburg-listed company saw particularly outstanding performance from its Evander mines, which... 

Pan African profit soars, dividend increased
Photo by Duane Daws
Pan African CEO Cobus Loots

Glencore sees nickel price rising on global supply shortage

By: Bloomberg     21st September 2016 Glencore, the commodities trader and miner, expects nickel prices to climb through 2018 as demand outstrips supply, assuming Indonesia continues its policy of curbing ore exports and encouraging local processing. “We believe we’ve seen the bottom, both in terms of the actual spot prices... 

South African ‘Mining Hall of Fame’ on way – Swanepoel

By: Martin Creamer     20th September 2016 A South African ‘Mining Hall of Fame’ is on the way. Revealing this at a pre-Joburg Indaba presentation on Tuesday, chairperson Bernard Swanepoel noted that South Africa was odd mining jurisdiction out in not having a mining hall of fame. 

South African ‘Mining Hall of Fame’ on way – Swanepoel
Photo by Duane Daws
Joburg Indaba chairperson Bernard Swanepoel

Cost-conscious major miners look to agility of junior explorers

By: Reuters     20th September 2016 Tight budgets and nervous investors have convinced major miners that a cheap, timely way to ensure a strong pipeline of quality assets is to team up with junior, more nimble exploration firms. Miners have slashed costs by delaying projects, sold assets and cut exploration budgets to free up cash... 

SA’s cost-of-doing-business ranking badly down – Chamber

By: Martin Creamer     20th September 2016 South Africa has plummeted to an abysmally low level in the World Bank’s 160-country cost-of-doing-business rankings. On the bank’s Doing Business scale, which measures the fitness of a country’s economy to grow and compete, South Africa has tumbled 15 notches since 2007, from position number 58,... 

SA’s cost-of-doing-business ranking badly down – Chamber
Chamber of Mines CEO Roger Baxter

Rio turns China optimist, sees copper’s 'twilight zone' exit

By: Bloomberg     20th September 2016 Rio Tinto, the world’s second-largest mining company, is becoming more optimistic on the outlook for commodities demand in China after recent data pointed to a pickup in the construction market. “The drop that we had experienced for the last two or three years in China seems to have plateaued,”... 

Berkeley finds buyer for first million pounds

By: Esmarie Swanepoel     20th September 2016 Uranium developer Berkeley Energia has signed a letter of intent for the sale of its first million pounds of uranium from the Salamanca mine, in Spain. The agreement, with Interalloys Trading, will span a period of five years starting from first production. The average price contemplated by the... 

Berkeley finds buyer for first million pounds

Zinc demand set to outpace production

By: Megan van Wyngaardt     19th September 2016 Global zinc demand growth is set to marginally outpace production growth between now and 2020, averaging 1.7% and 1.3%, respectively, advisory firm BMI Research said on Monday. Refined zinc production is slowing as weak prices and an ore shortage force major producers to curb output. 

Zinc demand set to outpace production

Production starts at Nordgold’s Bouly operation

By: Megan van Wyngaardt     19th September 2016 Gold production has started at Nordgold’s Bouly operation, an expansion of the company’s flagship Bissa mine, in Burkina Faso. The greenfield deposit is expected to produce 120 000 oz/y over a ten-year mine life, with an all-in sustaining cost of $730/oz. 

Previously rejected Anglo American coal project wins NSW govt backing

By: Mariaan Webb     19th September 2016 The previously rejected Anglo American Drayton South coal project has received backing from the New South Wales Department of Planning and Environment, angering horse breeders in the Hunter Valley, who are opposed to the opencut mine expansion. The Planning Department has recommended that the... 

Previously rejected Anglo American coal project wins NSW govt backing

Goldstone appoints new director

By: Megan van Wyngaardt     19th September 2016 Aim-listed GoldStone Resources has appointed Richard Lloyd as an independent nonexecutive director, effective immediately. This comes after the resignation of nonexecutive director Andrew Bell, who will focus on his other business interests. 

Gold miners stick close to home in hunt for more metal

By: Reuters     19th September 2016 The world's biggest gold miners are taking a cautious approach in their hunt for bullion, spending more money to explore around existing mines rather than new territory in a strategy that may have short-term gains but risks future production growth. Top producers are relying more than ever on... 

Gold miners stick close to home in hunt for more metal

Kodal receives encouraging assay results at Mali-based project

By: Megan van Wyngaardt     16th September 2016 All trenches at mineral exploration company Kodal’s 345 km2 Nangalasso project, in Mali, have returned anomalous gold values that confirm the surface gold anomalism previously defined at the project. The assay results returned a maximum value of 3 m at 0.37 g/t gold from its NNTR009 trench. 

Prices are flying for the commodities Anglo wants to ditch

By: Bloomberg     16th September 2016 Anglo American, the century-old mining firm seeking to cut debt, is getting an unexpected windfall from the commodities it wants to ditch. When Anglo announced a plan in February to shrink its business by more than half to weather a crisis in raw-material prices, it put coking and thermal coal... 

Commodities may end 2016 with whimper after first-half rally

By: Bloomberg     16th September 2016 For commodities, 2016 started with a bang. If history is any guide, it will end with a whimper. The Bloomberg Commodity Index, tracking returns for 22 components, is heading for a third-quarter slump after posting consecutive gains in the first two periods. Since the data begins in 1991, that’s... 

Miners find investment boost in crowdfunding for venture capital

By: Creamer Media Reporter      15th September 2016 Crowdfunding is an innovation that is slowly catching up with the mining industry. Some old investors may think it's odd for the sector; some might typically associate it with young people raising funds online for worthy causes or to realise and sell inventions. 

Goldplat, Ashanti Gold to jointly develop Anumso

By: Megan van Wyngaardt     15th September 2016 Aim-listed Goldplat has executed an earn-in option agreement with Ashanti Gold, giving the latter the option for a $3-million earn-in to Goldplat’s 90%-owned Anumso project, in Ghana. The Anumso project has a ten-year renewable mining lease for gold and associated minerals covering an area of 29... 

Amplats takes another step towards fuel cell realisation

By: Martin Creamer     15th September 2016 In the latest step towards the potential adoption of zero-emission fuel cell technology on a large scale, platinum mining company Anglo American Platinum (Amplats) on Thursday announced an investment in a company engaged in small-scale gas-to-liquids technology that converts flare gas, natural... 

Amplats takes another step towards fuel cell realisation
Photo by Duane Daws
Anglo American Platinum executive marketing head Andrew Hinkly

Millennials spent more than $25bn on diamond jewellery in 2015 – report

By: Anine Kilian     15th September 2016 Millennials spent more than $25-billion on diamond jewellery in the four largest consumer markets in 2015, according to the 'Diamond Insight Report 2016' published by De Beers Group. Despite millennials facing more financial challenges than their parents’ generation, they already account for... 

Policy environment failing South African mining – professor

By: Martin Creamer     15th September 2016 South Africa’s policy environment is failing its mining industry, which is suffering an inability to attract investment. In terms of the weighted average cost of capital (WACC), South Africa is trailing many other mining jurisdictions owing to its unstable political economy. 

Policy environment failing South African mining – professor
Photo by Duane Daws
Southern African Institute of Mining and Metallurgy mineral economics division chairperson Professor Michael Solomon

WA mining tax may risk major BHP iron-ore project

By: Bloomberg     15th September 2016 BHP Billiton, the world’s largest mining company, said a proposed tax on producing iron-ore in Australia would risk the development of a new project in the Pilbara region that may account for about a quarter of its iron output from the country. Brendon Grylls, the leader of Western Australia’s... 

Mine land, water should be used for agriculture – Exxaro CEO 

By: Martin Creamer     14th September 2016 The vast tracts of land and abundant water supply held by mining companies around their mines should be used for community development through agriculture. “We sit on land, vast land. We sit on water resources, where because of new legislative requirements, we have to make sure that we put in... 

Mine land, water should be used for agriculture – Exxaro CEO
Photo by Duane Daws
Exxaro CEO Mxolisi Mgojo

Volvo places self-driving truck in operation at underground mine 

By: Irma Venter     14th September 2016 The Volvo Group has put a fully autonomous truck to the test at underground operations at the Kristineberg mine, 100 km from Arvidsjaur, in northern Sweden. The mine was opened in 1940 and is the oldest in operation in the Boliden area. A polymetallic ore containing zinc, copper, lead, gold and... 

Volvo places self-driving truck in operation at underground mine
The Volvo FMX self-driving truck enters operations at the Kristineberg mine

Alacer studies second mine in Turkey

By: Mariaan Webb     14th September 2016 TSX- and ASX-listed Alacer Gold is advancing a second project in Turkey to detailed study phase, following the completion of a prefeasibility study (PFS), which demonstrates the Gediktepe project’s technical and financial feasibility. The PFS established a maiden resource and reserve for the... 

FinnAust to start social-impact assessment in Greenland

By: Megan van Wyngaardt     14th September 2016 Aim-listed FinnAust Mining has received approval for a social-impact assessment (SIA) programme for its Pituffik titanium project from the Greenland Mineral Licence and Safety Authority (MLSA). FinnAust is preparing an application for an exploitation licence at the Greenland-based project to... 

First global rankings of renewables use by mining companies to be released

By: Creamer Media Reporter      14th September 2016 Renewable energy information provider to the mining industry Energy and Mines has released the initial results of the first global rankings of renewables used by mining companies, identifying that the top 21 mining companies use wind and solar energy to power their operations. The ‘Energy and... 

IronRidge widens lithium playing field with West African acquisition

By: Megan van Wyngaardt     13th September 2016 In light of the rising global demand for lithium, Aim-listed IronRidge Resources has set out to acquire a highly prospective 400 km2 primary hard-rock lithium exploration licence in Côte d'Ivoire from Enchi Pro. IronRidge can acquire up to 100% of the project through staged earn-in arrangements... 

German battery group testing Talga’s graphene for flow batteries

By: Creamer Media Reporter      13th September 2016 German battery group JenaBatteries has agreed to study the use of Talga Resources’ graphene products in its flow batteries, potentially opening up a new supply avenue for the Perth-based advanced materials company’s products. Under a collaboration agreement, announced on Tuesday, Talga will... 

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