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Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Ramaphosa moves to revitalise mining, create certainty
President Cyril Ramaphosa

Ramaphosa aims to crowd in private resources for infrastructure fund

By: Terence Creamer     21st September 2018 President Cyril Ramaphosa has placed the creation of a public-private infrastructure fund at the heart of an economic stimulus and recovery plan, otherwise constrained by South Africa’s serious fiscal constraints. In unveiling the plan during a briefing at the Union Buildings in Pretoria on... 

Ramaphosa aims to crowd in private resources for infrastructure fund
Photo by GCIS
President Cyril Ramaphosa

Centaurus resumes Salobo West licensing process

By: Mariaan Webb     21st September 2018 ASX-listed Centaurus Metals will resume the environmental licencing process for its maiden drilling programme at the Salobo West copper/gold project, in Brazil, after an earlier decision to deny the company a drilling and clearing licence was overturned. The key environmental agency responsible... 

NUM signs wage deal with AngloGold

By: Reuters     21st September 2018 South Africa's National Union of Mineworkers (NUM) signed a three-year wage deal with AngloGold Ashanti on Friday, inking the same agreement that other unions reached with the company earlier in the week. The agreement will mean an effective pay hike of over 12% for entry-level underground... 

Fuel cell parts manufacturer ready to commission plant

By: Donald Makhafola     21st September 2018 Fuel cell components manufacturer Isondo Precious Metals (IPM) hopes to commission its platinum-containing membrane electrode assembly (MEA) manufacturing plant in the upcoming months, pending the finalisation of the balance of funding. The state-of-the-art MEA manufacturing technology plant from... 

Fuel cell parts manufacturer ready to commission plant
Photo by Creamer Media
VINAY SOMERA Our intention is to prove the business case that South Africa can produce the best-quality components for the fuel cell using platinum-group metals

Wesizwe subsidiary institutes legal action, wants Maseve transaction declared unlawful

By: Nadine James     21st September 2018 Wesizwe Platinum subsidiary Africa Wide Mineral Prospecting and Exploration has instituted legal action against TSX-listed Platinum Group Metals’ (PTM’s) wholly-owned South African subsidiary, as well as Royal Bafokeng Platinum (RBPlat), seeking to have the Maseve transaction declared unlawful.... 

Amplats CFO resigns

By: Creamer Media Reporter      21st September 2018 Ian Botha has resigned as FD of Anglo American Platinum (Amplats), effective February 18, 2019. He will be relocating abroad to pursue other opportunities.   "On behalf of the Board and Anglo American Platinum, I would like to thank Ian for his commitment and diligence during his time at Amplats.... 

Focus turns to nonexplosives-based rock breaking as quest for safer, more-efficient mining intensifies

By: Dylan Slater     21st September 2018 The South African mining industry, once the backbone of economic growth, intensive job creation and development, is declining constantly, owing to the slow rates of research and development into newer, safer, modernised, mechanised and continuous mining methods. A key pillar of improving mining... 

Focus turns to nonexplosives-based rock breaking as quest for safer, more-efficient mining intensifies

Gemfields expects to swing to interim profit

By: Creamer Media Reporter      21st September 2018 Gemfields expects to report a net profit of $16-million, or about R197-million, for the six months ended June 30, compared with a net loss of $81-million, or about R1.1-billion, reported for the six months to June 30, 2017. In a trading update on Friday, the company said its earnings a share and... 

Armadale appoints marketing consultant

By: Creamer Media Reporter      21st September 2018 Aim-listed Armadale Capital has appointed  an experienced Beijing-based marketing consultant, Jenny Lee, to pursue offtake agreements ahead of an anticipated decision to mine at its Mahenge Liandu graphite project, in Tanzania, in early 2019. Lee, who s MD of Jialin International Trading, will be... 

Savannah applies for new mining lease in Mozambique

By: Mariaan Webb     21st September 2018 London- and Frankfurt-listed Savannah Resources has lodged the last outstanding mining lease application for the Mutumba heavy mineral sands joint venture project with Rio Tinto, the company said on Friday, while also announcing its half-year results. The application has been submitted by... 

Gold bulls say bears should be nervous as metal's rout ebbs

By: Bloomberg     21st September 2018 Beleaguered gold bulls are finally getting a rest from this year’s sell-off, and some see encouraging signs for a turnaround in the metal. After falling for five straight months, the longest slump since 2013, gold is showing resilience, holding near $1 200 an ounce since late August and... 

Goldman backs commodities as trade war fury now met with shrugs

By: Bloomberg     21st September 2018 Commodity bull Goldman Sachs Group says raw materials are poised to gain into the end of the year as investors have now become used to trade-war tensions, growth in top economies remains strong, and consumers who’d put off purchases in recent months start buying again. Copper jumped. “This week... 

Mining Weekly iPhone and Android Apps available for free download 

21st September 2018 Creamer Media’s readers continue to be part of the mobile revolution.  Over 20% of Creamer Media’s online readers view the websites on their mobile devices. To cater for this growing mobile readership Creamer Media offers a MiningWeekly.com app for iPhone and Android users.  These apps offer... 

Mining Weekly iPhone and Android Apps available for free download

India to incentivise consortiums to build iron-ore pellet plants

By: Ajoy K Das     21st September 2018 India’s Mines Ministry is exploring ways to incentivise private merchant iron-ore miners to form consortiums to construct pelletisation plants in mineral bearing states, in view of a changing raw material preference of steel mills worldwide, particularly in China. Government companies like... 

Westwater CEO expects continued uranium price rise

By: Creamer Media Reporter      21st September 2018 Nasdaq-listed Westwater Resources, which owns uranium project in Texas and New Mexico, is upbeat about the uranium market and says he believes that prices will continue to rise in the near term. In a news release on Friday, CEO Christopher Jones laid out a case for higher prices detailing how... 

Paulson launches alliance to seek better returns in gold sector

By: Reuters     21st September 2018 Long-time gold bull John Paulson followed through on Friday on a pledge made last year to team up with other gold investors in an effort to work with management of companies in the gold sector to improve returns, according to the group, called the Shareholders Gold Council. The coalition,... 

Argentina Lithium walks away from Arizaro project

By: Mariaan Webb     21st September 2018 Vancouver-based Argentina Lithium will not be proceeding with the option agreement on the Arizaro lithium project in the Arizaro Salar in Salta province, the company announced on Friday, as it outlines a future strategy. The TSX-V-listed firm has determined that the high risk and potential... 

Peabody announces $400m Alabama coal acquisition

By: Mariaan Webb     21st September 2018 US coal major Peabody Energy on Friday announced the $400-million acquisition of the Shoal Creek metallurgical coal mine, in central Alabama, from private producer Drummond Company. Located on the Black Warrior river, the mine serves the Asian and European steel mills with high-vol A coking coal... 

Peabody announces $400m Alabama coal acquisition

Mongolian court says copper mine nationalisation broke laws

By: Reuters     21st September 2018 The Mongolian government broke laws during a controversial attempt to seize full control over the Erdenet copper mine, a local court said on Thursday, the latest ruling in a long-running ownership dispute over one of Asia's biggest deposits. The Mongolian Copper Corporation (MCC) has been... 

Chinese petcoke buyers turning to Russia, Mideast after US tariffs

By: Reuters     21st September 2018 Chinese importers of petroleum coke are buying more volumes from Russia and the Middle East due to a hefty tariff on shipments from the United States, previously one of China's main sources of the material used in aluminium and cement production. China slapped a 25% tariff on US petroleum coke,... 

US sanctions driving Russian billionaires into Putin’s arms

By: Bloomberg     21st September 2018 The Trump administration is helping Vladimir Putin achieve a goal that’s eluded him for almost two decades—getting Russia’s billionaires to start repatriating some of their assets. Relatively muted sanctions imposed during the Obama era over the conflict in Ukraine have only widened in scope and... 

US sanctions driving Russian billionaires into Putin’s arms

Taskforce outcomes to set basis of Australia’s first resources plan in 20 years

By: Nadine James     21st September 2018 Minister for Resources and Northern Australia Matt Canavan on Friday welcomed a report by the federal government’s Resources 2030 Taskforce, which he convened in March to ensure that the Australian resource sector remains globally competitive and sustainable The Minister will use the work of the... 

Taskforce outcomes to set basis of Australia’s first resources plan in 20 years
Resources and Northern Australia Minister Matt Canavan

Australian miners spearheading disruptive technology movement – Fitch

By: Nadine James     21st September 2018 Australia’s strong information communications technology and energy infrastructure, highly skilled labour force and government support ensures that its miners will continue to be the frontrunners in implementing technology to cut costs, enhance efficiency and increase mine safety, the latest... 

Chinese lithium giant agrees three-year pact to supply Tesla

By: Bloomberg     21st September 2018 China’s top producer of lithium, a metal used in electric-vehicle batteries, said it’s agreed a deal with Tesla Inc. to supply a fifth of its production to the vehicle maker, highlighting the push for supply pacts. Tesla will designate its battery suppliers to buy lithium-hydroxide products from... 

Release of Odysseus DFS delayed by one month

By: Mariaan Webb     21st September 2018 Western Areas has reported a minor delay in the release of its definitive feasibility study (DFS) for the Odysseus nickel sulphide project, in Western Australia, citing an unplanned late receipt of certain key data. The company said that the DFS release date has been moved to the end of October,... 

Mining Charter to be gazetted next week

By: African News Agency      21st September 2018 The final Mining Charter would be gazetted next week by Mineral Resources Minister, Gwede Mantashe. The Charter was approved with minor amendments by the September 19 Cabinet meeting. 

 Mining Charter to be gazetted next week
Photo by Creamer Media
Mineral Resources Minister Gwede Mantashe

Poseidon signs Black Swan ore tolling agreements

By: Mariaan Webb     21st September 2018 Base metals firm Poseidon Nickel has found two potential sources of third-party feed for its Black Swan concentrator, which the company is touting as an alternative processing facility for stranded nickel miners following the closure of BHP Billiton’s Nickel West Kambalda concentrator. Private... 

South Africa to reallocate R50bn of budget to revive economy – Ramaphosa

By: Reuters     21st September 2018 South African President Cyril Ramaphosa announced a raft of policy reform plans on Friday, including re-prioritising R50-billion ($3.5-billion) of public spending to boost economic growth and create jobs. Africa's most industrialised economy entered recession in the second quarter for the first... 

South Africa to reallocate R50bn of budget to revive economy – Ramaphosa
Photo by Reuters
President Cyril Ramaphosa

Pacton receives regulatory approval to buy rest of Arrow

By: Creamer Media Reporter      21st September 2018 Canadian junior Pacton Gold hunting conglomerate-style gold in Australia’s Pilbara has received approval from the TSX Venture Exchange to buy the remaining 49% interest in Arrow Minerals. The transaction, announced last month, gives the company full ownership of a strategic landholding of 609... 

South32's Cerro Matoso mine wins appeal, will not pay damages

By: Reuters     21st September 2018 Colombia's Cerro Matoso nickel mine, owned by Australian miner South32, will not be required to pay damages to indigenous and Afro-Colombian communities after winning an appeal in Colombia's constitutional court, a court spokesperson said on Thursday. The court had previously ruled that waste... 

South32's Cerro Matoso mine wins appeal, will not pay damages
Cerro Matoso

IDM's Red Mountain entering final enviro assessment stage

By: Mariaan Webb     21st September 2018 The Canadian Environmental Assessment Agency (CEA) has initiated the final stage of the Red Mountain gold project environmental assessment process, inviting public comment on the draft report and potential conditions that will be applied. The draft comment period runs until October 18, and a... 

Chinese steel mills chase iron-ore contracts with Brazil's Vale

By: Reuters     21st September 2018 Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron-ore ahead of winter steel output cuts, a boon for the main supplier of such grades of the commodity, Brazilian mining giant Vale. China, the world's biggest consumer of the steelmaking ingredient,... 

BHP's Spence copper mine in Chile partially closed following fire

By: Reuters     21st September 2018 Global miner BHP Billiton said on Thursday that a fire at its Spence copper mine in Chile had forced it to partially shut down operations. No one was injured in the fire, which has since been extinguished, the company said. 

Continental Gold says three geologists killed in armed Colombia attack

By: Reuters     21st September 2018 Canadian miner Continental Gold said on Thursday three of its geologists were killed in northern Antioquia province in Colombia in an armed attack. Three others were also injured in the attack, a company spokesman told Reuters. 

Central banks add 193 t of gold to reserves in H1

By: Marleny Arnoldi     20th September 2018 Central banks have added 193.3 t of gold to their reserves in the first six months of this year, which is an 8% increase compared with the 178.6 t bought in the same period last year, making it the strongest first half for central bank gold buying since 2015. The World Gold Council (WGC) states... 

Central banks add 193 t of gold to reserves in H1

Mahenge Liandu graphite project on track

By: Marleny Arnoldi     20th September 2018 Aim-listed Armadale director Nick Johansen says the company is gaining momentum with confirming and highlighting the commercial viability of its Mahenge Liandu graphite project, in Tanzania, and is on track for a decision to mine in early 2019. “The completion of the scoping study in April was... 

Minergy lauds Botswana regulatory authorities

By: Martin Creamer     20th September 2018 Minergy CEO Andre Bojé is full of praise for Botswana’s regulatory authorities, who he says use legislation to assist mining investment. Minergy, which is listed on the Botswana Stock Exchange, has begun work on its maiden 390-million-tonne Masama, located in the Mmamabula coalfield, 50 km north... 

Minergy lauds Botswana regulatory authorities
Minergy CEO Andre Bojé

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