http://www.miningweekly.com
R/€ = 14.90 Change: -0.06
R/$ = 12.17 Change: -0.04
Au 1331.72 $/oz Change: -4.73
Pt 1012.50 $/oz Change: -0.51
 

Gold News

Renova sells its stake in Russian gold miner Petropavlovsk

By: Reuters     27th December 2017 Russian billionaire Viktor Vekselberg's Renova Group has sold its stake in Russian gold producer Petropavlovsk, Renova spokesperson Andrey Shtorkh told Reuters on Wednesday. "The deal is closed, we are not disclosing the details," Shtorkh said. He declined to disclose the price of the deal and... 

Outback's nascent gold rush hits speed bump on drill results

By: Henry Lazenby     23rd December 2017 The nascent gold rush in Western Australia’s remote outback hit a speed bump after a key player reported disappointing drilling results. Novo Resources, the Canadian explorer that kicked off the rush in July after finding nuggets in the northern Pilbara region, notched up its biggest drop in six... 

Outback's nascent gold rush hits speed bump on drill results

Mining group Vast Resources says H1 revenue up 5% from Romania, Zimbabwe mines 

By: Reuters     22nd December 2017 Mining group Vast Resources said on Friday its revenue rose five% to $14.9-million in the half year to September 2017 from its two operational mines in Romania and Zimbabwe. The company also reported a 45% decrease in overhead expenses to $2.5-million and a loss before taxation of $12.6-million... 

Asia gold demand softens on higher prices, slow holiday trade

By: Reuters     22nd December 2017 Gold demand across major centres in Asia were subdued ahead of the holiday weekend as a modest rebound in prices weighed on investor appetite. 

Asia gold demand softens on higher prices, slow holiday trade

Workers end wildcat strike at Pan African's main South Africa gold mine

By: Reuters     22nd December 2017 Workers at Pan African Resource's Barberton gold mine in South Africa have ended a wildcat strike that started on Sunday, an industry source said on Friday. About 1 800 mine workers downed tools in the strike over allowances and the dismissal of two union leaders. Those issues have not been... 

Workers end wildcat strike at Pan African's main South Africa gold mine

Retrenched Gupta mine employees fail to receive pay

By: Martin Creamer     22nd December 2017 Forty-four people retrenched from the Shiva Uranium Mine in North West belonging to the Gupta company Oakbay have failed to receive expected December pay that formed part of an agreed retrenchment package, Democratic Alliance (DA) councillor Maritha Coetzee told Mining Weekly Online on Friday.... 

Retrenched Gupta mine employees fail to receive pay

Pan American Silver develops La Morocha deposit to supplement Manantial Espejo feed

By: Henry Lazenby     22nd December 2017 A prefeasibility study on Pan American Silver's La Morocha deposit, which is part of the Joaquin project, located in Santa Cruz, Argentina, has recommended that the deposit be developed to provide supplemental ore feed for the Manantial Espejo mill. Vancouver-based Pan American said on Thursday... 

Money hungry Nautilus weighs funding options as project challenges mount

By: Henry Lazenby     22nd December 2017 Marine mining pioneer Nautilus Minerals is in active discussions with a range of potential financiers and shareholders to secure the funding required to start mining the Solwara 1 project, offshore Papua New Guinea (PNG), the company said on Thursday. The company has thus far been unsuccessful to... 

Money hungry Nautilus weighs funding options as project challenges mount

Pretium seeks to lift Brucejack production to 3 800 t/d

By: Henry Lazenby     22nd December 2017 TSX- and NYSE-listed miner Pretium Resources has submitted an application to the British Columbia Energy, Mines and Petroleum Resources and the province’s Environment and Climate Change Strategy Ministries to increase the Brucejack mine production rate to 3 800 t/d. The production increase will... 

Agnico Eagle strengthens development pipeline with Canadian exploration assets acquisition

By: Henry Lazenby     22nd December 2017 Gold miner Agnico Eagle has agreed to buy a suite of Canadian exploration assets from the 50/50-owned and operated Agnico/Yamana Gold joint venture Canadian Malartic Corporation (CMC), the companies announced on Thursday. Agnico will pay $162.5-million in cash for the transaction that is being... 

Rambler hits record throughput as Phase 2 ramp up nears completion

By: Henry Lazenby     22nd December 2017 During the month of November, copper and gold producer Rambler Metals and Mining has processed 33 870 t of ore through the Nugget Pond mill, at the Ming mine, in Newfoundland and Labrador. The throughput averaged 1 221 t/d during operational hours – a new record, the Aim- and TSX-listed company... 

Northern Dynasty ready to file application for Pebble’s US CWA 404 permit

By: Henry Lazenby     21st December 2017 Canadian project promoter Northern Dynasty Minerals announced on Thursday that its US-based subsidiary Pebble Limited Partnership (PLP) is ready to file an application for a US Clean Water Act (CWA) 404 permit with the US Army Corps of Engineers on Friday. “At the outset of 2017, we established... 

Northern Dynasty ready to file application for Pebble’s US CWA 404 permit

Greatland Gold identifies two gold anomoly clusters at Panorama

By: Megan van Wyngaardt     21st December 2017 Aim-listed Greatland Gold on Thursday reported that an initial campaign of field mapping, stream sampling, soil sampling and rock chip sampling has highlighted the presence of several gold anomalies within the southern licence and confirmed the presence of gold mineralisation in the northern... 

Workers down tools at Pan African's main South Africa gold mine

By: Reuters     21st December 2017 Workers at Pan African Resource's Barberton gold mine in South Africa embarked on a wildcat strike on Sunday in a dispute over living allowance, an industry source with direct knowledge of the matter said on Thursday. About 1,800 mine workers downed tools in the strike, which was also called to... 

Panthera starts trading on Aim market

By: Megan van Wyngaardt     21st December 2017 Gold exploration and development company Panthera Resources, with key assets in India and West Africa, started trading ordinary shares on the LSE’s Aim market on Thursday. On admission, the company had 61.8-million at a listing price of 20p apiece, giving Panthera an estimated market... 

Connemara reports positive results from drilling programme

By: Megan van Wyngaardt     21st December 2017 Aim-listed Connemara on Thursday reported that slightly less than 300 mhave been drilled on three holes, with sampling and mapping having been completed elsewhere, across its 100%-owned Mine River gold project area, in Wicklow and Wexford, northern Ireland. The company now expected drill and... 

Gold found at Whim Creek project

By: Megan van Wyngaardt     20th December 2017 ASX-listed Venturex Resources has identified two areas of significant gold anomalism at the Loudens Patch and Mays Find prospects at its Whim Creek copper/zinc project, in Western Australia, following a successful programme of reconnaissance sampling of creek draining outcropping areas of... 

Eldorado agrees to extend Greek arbitration period

By: Henry Lazenby     20th December 2017 Canadian miner Eldorado Gold has agreed to extend the 90-day arbitration period by 60 days to April 6, 2018. The Greek arbitration panel hearing a complaint by the country’s Finance, and Environment and Energy Ministries against the company's subsidiary Hellas Gold requested the extension. 

Acacia to sell Burkina Faso asset for $45m to Canada's Sandstorm Gold

By: Reuters     19th December 2017 Acacia Mining said on Tuesday it would sell its 2% royalty over the Houndé mine in Burkina Faso for $45-million to Sandstorm Gold. The deal is expected to close early in the first quarter of 2018. 

Acacia to sell Burkina Faso asset for $45m to Canada's Sandstorm Gold

Avesoro Resources completes acquisition of West African gold mines

By: Megan van Wyngaardt     19th December 2017 Dual-listed West African gold producer Avesoro Resources has completed its acquisition of the Youga gold mine and Balogo gold mine from Avesoro Jersey, while a concurrent placing of new common shares raised £15.2-million This completion represents a transformational acquisition for the Company... 

Amani Gold extends feasibility study for Giro project

By: Megan van Wyngaardt     19th December 2017 ASX-listed Amani Gold has secured an agreement with Democratic Republic of Congo (DRC) State-owned entity, Société Minière de Kilo Moto (Sokimo) for an extension to the deadline for completion of a feasibility study at the Giro gold project. The company’s DRC subsidiary, Amani Consulting and... 

Semarnat issues Great Panther with Topia Phase 2 tailings permit

By: Henry Lazenby     19th December 2017 The Mexican environmental authority Semarnat has granted Great Panther Silver all the permits required to build and operate the new Phase II tailings storage facility (TSF) at its Topia mine, in Durango state, Mexico. The Vancouver-based company said on Monday that the permits, in combination... 

First Quantum breathes new life into Northern Dynasty’s Pebble project

By: Henry Lazenby     18th December 2017 Base metals miner First Quantum Minerals has signed a framework agreement with Northern Dynasty Minerals to work on formalising an option on the controversial Pebble copper/gold project, in south-east Alaska. The announcement on Monday breathes new life into the project billed as the largest... 

First Quantum breathes new life into Northern Dynasty’s Pebble project

Gold miner Avocet to sell Burkina Faso assets

By: Reuters     18th December 2017 Struggling miner Avocet Mining Plc said it would sell its assets in Burkina Faso for $5 million to Ghana-based Balaji Group, staving off potential a bankruptcy for its units in the West African country. The sale, which includes the Inata gold mine and the Souma exploration project, is part of a... 

Ortac Resources initiates more work programmes at DRC project

By: Megan van Wyngaardt     15th December 2017 Aim-listed Ortac Resources’ subsidiary Casa Mining will start additional work programmes at its Akyanga licence area, in the Democratic Republic of Congo, to incorporate parallel extensions to project, as part of the existing drill programme. This follows the completion of a review of previous... 

Hummingbird starts Yanfolila ore commissioning

By: Natasha Odendaal     15th December 2017 Aim-listed Hummingbird Resources expects first gold production from its Yanfolila mine, in Mali, before the end of December as ore commissioning gets under way. “Ore commissioning represents the final step ahead of first gold production at Yanfolila. Everybody on site is totally focused on a... 

Ark Mines to establish gold processing plant early next year

By: Megan van Wyngaardt     15th December 2017 ASX-listed Ark Mines is on track to complete its Union extended (UE) mining management plan (MMP) for the establishment and operation of a carbon-in-leach (CIL) gold processing plant in the Northern Territory by early 2018. Desktop hydrogeological studies and terrestrial ecology desktop studies... 

Gascoyne clinches hedging deal with Australian banks

By: Megan van Wyngaardt     15th December 2017 Gascoyne Resources has entered into flat forward gold sales contracts with Commonwealth Bank of Australia (CBA) and the National Australia Bank (NAB) for 164 000 oz of gold production from its 100%-owned Dalgaranga gold project, at a delivery price of $1 712/oz. The banks are also providing a... 

Macmahon executes Mt Morgans contract

By: Creamer Media Reporter      15th December 2017 Contract miner Macmahon on Friday confirmed that it had executed the final mining contract for the Mt Morgans gold mine project, near Laverton, Western Australia. The company was awarded the contract for an openpit mine from ASX-listed Dacian Gold, which is bringing Australia’s biggest gold mine... 

BC govt refuses KGHM’s Ajax environmental permit

By: Henry Lazenby     15th December 2017 The British Columbia provincial government on Thursday refused to issue Polish base metals miner KGHM Polska Miedź’s Ajax copper/gold mine a provincial environmental certificate, saying the adverse effects of the project outweigh the potential benefits. The news is a blow to the nearby City of... 

BC govt refuses KGHM’s Ajax environmental permit

Company moves forward with tailings retreatment project

By: Marleny Arnoldi     15th December 2017 Aim-listed Goldplat PLC’s recovery operation in South Africa, Goldplat Recovery, will be investing in a tailings retreatment project during 2018, as its growth over the past decade has resulted in the operation accumulating a large tailings stock dam.  

Company moves  forward with tailings retreatment project
SOPHISTICATED CIRCUIT Goldplat Recovery’s extraction processes and multiple process lines enable it to keep materials separate, which provides a high degree of flexibility when proposing a solution for a particular type of material

Activated carbon producer to aid tailings processing

By: Marleny Arnoldi     15th December 2017 Activated carbon manufacturer Rotocarb offers tailings retreatment plants in the mining industry a solution for their water-intensive processing and wastewater treatment operations that uses local raw material, technology and deployment to produce activated carbon, which is critical in the... 

Activated carbon producer to aid tailings processing
WATER TREATMENT SOLUTION There is a big requirement for activated carbon, which local manufacturer Rotocarb can provide a solution for with locally designed technology and locally sourced raw materials

Small- and medium-scale operations punted as ‘the future’ of mining

By: Mia Breytenbach     15th December 2017 With industrial mining on the decline, smaller- to medium-scale mining operations are the future, according to Bench Marks Foundation South Africa lead researcher David van Wyk. Addressing delegates at the Science Business Society Dialogue Conference on Linking Science, Society, Business and... 

Small- and medium-scale operations punted as  ‘the future’ of mining
CLUSTERED AND FORMALISED Small operations could be clustered together geographically and assigned an engineer, a geologist and a health and safety officer to ensure safe operations

BME’s West African footprint expands as it clinches Mali blasting service contract

By: Mia Breytenbach     15th December 2017 West Africa remains an exciting region for South Africa-based explosives and blasting leader BME, which has won a full blasting service contract for a new opencast gold mining operation that is set to become the largest producer in Mali. From 2006 to 2015, 18 mines were opened in the region,... 

BME’s West African footprint expands  as it clinches Mali blasting service contract
SERVICE OFFERING BME will carry out ore blasting using its BME’s Axxis electronic detonation system and will deploy four 20 t emulsion trucks, as well as a stemming truck

Mines urged to leverage technology to supercharge human capital development

By: Nadine James     15th December 2017 Mining companies should leverage technology to spur employee development, aiding in the upskilling of staff while enhancing employee and resource management, says information technology services company Wipro Southern Africa. While mines have incrementally implemented technology into their... 

State of local mining regulations shun investment, says CoM report 

By: Dylan Slater     14th December 2017 The findings of a recently conducted Chamber of Mines (CoM) survey indicate that if South Africa’s mining industry shifts its focus to create an attractive policy, regulatory and governance environment – through ethical leadership, good governance and the adoption of competitive, stable and... 

Dalradian drilling shows potential for mechanised mining at Curraghinalt

By: Megan van Wyngaardt     14th December 2017 Drilling results from an ongoing programme at dual-listed Dalradian Resources’ Curraghinalt gold deposit in Northern Ireland, have highlighted numerous areas within the deposit that could be converted to lower-cost mechanised mining. “The rock strength is much better than originally modelled,”... 

Sibanye-Stillwater to acquire embattled Lonmin, completes PGMs strategy

By: Mia Breytenbach     14th December 2017 Precious metals mining company Sibanye-Stillwater has made an all-share offer to acquire platinum group metals (PGMs) producer Lonmin. The offer values Lonmin at about £285-million, or R5.15-billion. 

Sibanye-Stillwater to acquire embattled Lonmin, completes PGMs strategy
Photo by Duane Daws
Sibanye-Stillwater CEO Neal Froneman and Lonmin CEO Ben Magara

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