Global Mining News in real time


Email me daily news

Email address

Implats shares fall on R4bn equity raising plans

By: Martin Creamer The share price of mining company Impala Platinum (Implats) first fell heavily and then recovered considerably after the company announced plans to raise R4-billion equity capital in an accelerated bookbuild. Reporting 58% lower earnings a share to 36c in the 12 months to June 30, in spite of key... 

Implats shares fall on R4bn equity raising plans
Photo by Duane Daws
Terence Goodlace

Amplats in discussions with Sibanye

By: Martin Creamer Both platinum mining major Anglo American Platinum (Amplats) and gold mining company Sibanye Gold confirmed in separate notices on Thursday that they were in discussions on the sale of Amplats’ Rustenburg platinum operations. However, JSE-listed Amplats cautioned that the discussions by... 

CCMA reserves consolidation decision

By: Creamer Media Reporter The Commission for Conciliation, Mediation and Arbitration (CCMA) has reserved its decision on the consolidation of the gold wage negotiation conciliation process. The Chamber of Mines (CoM), on behalf of gold producers, applied for the consolidation of referrals of disputes between the CoM and... 

S African govt not worried about legislative 'uncertainty'

By: Esmarie Swanepoel The South African government remained confident that recent legal challenges against ownership elements of the Mining Charter would not influence investment confidence in the country. The Mining Charter called for a 26% black economic-empowerment (BEE) participation in South African mining... 

PwC warns against overtaxation in Africa's resources sector

By: Esmarie Swanepoel Advisory firm PricewaterhouseCoopers (PwC) has warned African nations against overtaxing investments in the resources sector. Launching a new report on the second day of the Africa Downunder conference, PwC African practice leader and resource sector partner Ben Gargett said taxation and fiscal... 

China the biggest external risk to Africa’s growth outlook - Ncube

By: Terence Creamer The slowdown in China and the associated ending of the commodity super cycle is having a major influence on the immediate growth prospects for Africa, with the former African Development Bank chief economist forecasting that growth rates will come under pressure this year and next. Professor... 

China the biggest external risk to Africa’s growth outlook - Ncube
Photo by Duane Daws
Professor Mthuli Ncube

S&P's cuts Glencore outlook to negative on weak commodities

By: Reuters Standard & Poor's (S&P's) on Thursday cut its outlook for Glencore Plc to 'negative' from 'stable' after slashing its price forecasts for metals and amid uncertainties about China's economic outlook. The mining and commodities firm posted a 29% slump in first-half earnings in August and cut its... 

Buffalo secures rights to continue operations

By: Natasha Odendaal JSE- and TSX-listed Buffalo Coal has been granted immediate relief to allow mining operations to continue after the Department of Mineral Resources (DMR) last week withdrew its Aviemore anthracite mine’s mining right. The South Africa-focused coal miner’s 2013 Mining Right 301 (MR301), as well as... 

Wescoal appoints acting CFO

By: Megan van Wyngaardt Coal junior Wescoal has appointed Izak van der Walt as acting CFO, effective immediately, following the resignation of executive director and CFO Morne du Plessis. “Du Plessis wished to explore other opportunities and, in order to remove any uncertainties about this important company role, it was... 

Wescoal appoints acting CFO
Wescoal acting CFO Izak van der Walt

Acacia looks to reduce operating costs in Tanzania

By: Esmarie Swanepoel Africa-focused gold miner Acacia Mining is targeting a group all-in sustaining cost (AISC) of less than $900/oz within the next five years, head of exploration Peter Spora said on Thursday. Speaking at the second day of the Africa Downunder conference, in Perth, he noted that Acacia had been... 

Madagascar considers taking stakes in mining projects, increasing royalty fees

By: Reuters Madagascar plans to increase royalty fees and claim 10% stakes in mining concessions, under proposed changes to its mining code, according to a draft document seen by Reuters on Wednesday. One of Africa's poorest countries, Madagascar hopes to accelerate economic growth by developing natural... 

Peak targets Ngualla investment decision by 2016/17

By: Esmarie Swanepoel ASX-listed rare earths developer Peak Resources is hoping to pull the trigger on its $367-million Ngualla rare earths project, in Tanzania, by 2016/17, with MD Darren Townsend saying on Thursday that the company is working on reducing capital expenditure on the project. “We are looking at a... 

African Potash signs third fertiliser supply deal

By: Megan van Wyngaardt Aim-listed African Potash has signed its third memorandum of understanding (MoU) to supply 150 000 t of fertiliser to a Zimbabwe-based fertiliser supply company. This trading agreement followed the signing of a landmark trading agreement with the Common Market for Eastern and Southern Africa... 

R&D tax incentive, pay cuts boost Tawana’s cash balance

By: Megan van Wyngaardt Dual-listed Tawana Resources has received $379 004 from the Australian Taxation Office for research and development (R&D) conducted last year. The R&D Tax Incentive provided a tax rebate to support Australian companies to undertake R&D. 

Anglo American entrepreneur interns graduate

By: Zandile Mavuso Twenty-one early-stage growth entrepreneurs graduated from the second phase of global miner Anglo American’s Entrepreneur Internship Programme (EIP) on Thursday morning. 

Toshiba agrees to extend early redemption right of GoviEx uranium bond

By: Henry Lazenby The strategic partner of Canadian Stock Exchange-listed GoviEx Uranium, Toshiba Corporation, one of the world's largest nuclear reactor vendors, has agreed to extend an early redemption right of its $10-million uranium loan (B Bond) by two years  to December 31, 2017. "By agreeing to this... 

EMED completes Rio Tinto Phase 1 development ahead of schedule, below budget

By: Henry Lazenby Europe-focused copper miner EMED Mining has completed site development work for Phase 1 of its flagship Rio Tinto mine, in Spain’s Andalucía region, ahead of schedule and below budget, achieving first copper concentrate production on July 31. “Having attained our goal of starting production well... 

CIL mulls e-auction supply tweaks amid falling prices

By: Ajoy K Das Falling international coal prices may prompt Coal India Limited (CIL) to tweak the supply side of e-auctions as a means to ensure higher sales realisations. According to a senior CIL official, declining international coal prices and easy availability of supply have sharply narrowed the price... 

Rio targets further cost cuts in the Pilbara

By: Esmarie Swanepoel Mining giant Rio Tinto on Thursday revealed a push to further drive down operational costs across its Pilbara iron-ore operations. Speaking in Sydney, Rio Tinto iron-ore CEO Andrew Harding said more than 400 initiatives were under way across the Pilbara operations to identify further cost savings... 

Rio targets further cost cuts in the Pilbara

Base starts the hunt for new assets

     Updated 3 minutes ago Mineral sands miner was hunting for acquisition opportunities as it neared the completion of a production optimsiation programme at its $310-million Kwale mineral sands project, in Kenya. MD Tim Carstens told the third day of the Africa Downunder conference that the company was well progressed... 

Phoenix rejects Zijin bid

By: Esmarie Swanepoel     Updated 30 minutes ago The directors of takeover target Phoenix Gold have advised shareholders to reject an offer from Chinese major Zijin Mining after an independent expert valued the offer neither fair nor reasonable. The independent expert valued Phoenix shares at between 15.c a share and 24.4c a share, which was... 

Qld govt cuts mining red tape

By: Esmarie Swanepoel     Updated 50 minutes ago The Queensland state government on Friday released a policy paper outlining proposals to modernise the state’s resource permits, authorities, leases and licenses. State Development and Natural Resources Minister Anthony Lynham noted that the framework was the latest stage in a reform project... 

Court rules in favour of Alpha in enviro struggle

By: Esmarie Swanepoel     Updated 1 hour 15 minutes ago The Supreme Court on Friday dismissed an appeal from an anti-mining group to have the environmental approval of the $10-billion Alpha coal project overturned. The proposed Alpha project, in Queensland, has a Joint Ore Reserves Committee-compliant resource of 1.8-billion tonnes with some... 

Fission Uranium achieves critical milestone with Triple R PEA at PLS

By: Henry Lazenby     Updated 5 hours ago Explorer Fission Uranium has completed a preliminary economic assessment on the high-grade uranium resource identified to date on the Triple R uranium deposit, at its 100%-owned Patterson Lake South (PLS) property, in Canada's Athabasca Basin region of Northern Saskatchewan. The PEA had... 

Fission Uranium achieves critical milestone with Triple R PEA at PLS

Pangolin closes oversubscribed private placement for Botswana exploration

By: Henry Lazenby     Updated 6 hours ago Botswana-focused diamond explorer Pangolin Diamond Corp has closed an oversubscribed private placement for gross proceeds of $628 621, 25% over the original financing target. Proceeds of the offering would be used for drilling, geological-geophysical and sampling campaigns at the company's 100%... 

IBC receives 2nd Lockheed Martin purchase order for F-35 Lightning II castings

By: Henry Lazenby     Updated 6 hours ago Vancouver-based IBC Advanced Alloys has received a second contract to produce components for the F-35 Lightning II electro-optical targeting system (EOTS), which makes use of IBC’s new disruptive beryllium-aluminium alloy casting process, known as Beralcast. This purchase order extended... 

Alcoa invests $60m in 3D-printing R&D centre expansion

By: Henry Lazenby     Updated 6 hours ago Specialty alloys firm Alcoa on Thursday announced a $60-million investment to expand a research and development (R&D) centre near Pittsburgh, Pennsylvania, that would accelerate advanced three-dimensional (3D) printing materials and processes. NYSE-listed Alcoa had been transforming its business... 

Wenco to install precision fleet management systems at Polyus Gold’s Russian mines

By: Creamer Media Reporter      Updated 7 hours ago The Krasnoyarsk division of Russian miner Polyus Gold has chosen Wenco International Mining Systems to supply its high-precision machine guidance systems for shovels and drills at three mine sites in Eastern Siberia. Wenco, a subsidiary of Hitachi Construction Machinery, had been providing the... 

Chile's Andina mine plan redesign to take about 2 years – Codelco

By: Reuters The redesign of the approximately $7.5-billion Andina mine in Chile will take around two years and involve a new procedure in the application for its environmental permit, Codelco told Reuters on Thursday. State-run Codelco, the world's No 1 copper producer, said last week, without giving... 

Australia's Port Hedland iron-ore exports to China soar 15% in Aug

By: Reuters Iron-ore exports to China from Australia's Port Hedland rose 15% to 33.9-million tonnes in August from July, as BHP Billiton and Fortescue Metals Group operated at maximum production rates despite a softening market, figures released on Thursday showed. The August increase over July sent total... 

Sirius–Independence merger gets shareholder nod

By: Esmarie Swanepoel The shareholders of ASX-listed Sirius Resources on Thursday voted in favour of a takeover offer from fellow-listed Independence Group. In May, the two companies announced merger plans that would see Sirius shareholders issued with 0.66 of an Independence share for every one Sirius share held,... 

Implats earnings down 58%, no dividend

By: Martin Creamer Platinum mining major Implala Platinum (Implats) on Thursday reported 58% lower earnings a share for the 12 months to June 30 as well as an operational response plan premised on a lower-for-longer platinum price environment. The company, headed by CEO Terence Goodlace, reported that its... 

Implats to raise R4bn equity capital

By: Martin Creamer Platinum mining major Impala Platinum (Implats) said on Thursday that it intended raising up to R4-billion through the sale of new Implats ordinary shares using an accelerated bookbuild process. The company, headed by CEO Terence Goodlace, said that shareholder approval would be sought in order... 

Implats to raise R4bn equity capital
Photo by Duane Daws
Implats CEO Terence Goodlace

WPG waits for public comment on Tarcoola

By: Esmarie Swanepoel The Tarcoola gold project’s mineral lease proposal has been thrown open for public comment. Owner WPG Resources on Thursday said the proposal had been accepted by the South Australian Department of State Development and that the public had until October 8 to make submissions. 

FIRB won't oppose Evolution's play for Phoenix

By: Esmarie Swanepoel The Foreign Investment Review Board (FIRB) has given its approval for gold miner Evolution Mining’s off-market takeover offer for fellow-listed Phoenix Gold. Evolution, which currently holds a 19.8% stake in Phoenix, was offering 0.06 of its own shares, along with 6c in cash for each Phoenix... 

Metanor improves balance sheet after paying off $7m loan

By: Henry Lazenby TSX-V-listed Metanor Resources crossed a critical milestone in improving its balance sheet on Wednesday, when it paid back a $7-million loan from Ressources Quebec. The company, which operated the Bachelor gold mine, in Desmaraisville, 250 km north-east of Val d'Or, also announced that mining... 

Nearctic Nickel sues Quebec government for taking three claims

By: Henry Lazenby Nearctic Nickel Mines has sued the Quebec Ministry of Energy and Natural Resources for allegedly taking three territories from the Expo Ungava property, in 2008, to create three mining leases issued to Canadian Royalties Nearctic subsidiary, Ungava Mineral Exploration (UMEI), had recently taken... 

Brazil's Vale says permitted to restart Onca Puma nickel mine

By: Reuters Brazil's Vale said on Wednesday it had received a ruling allowing it to restart operations at the Onca Puma nickel mine, in Para state. A federal court last month ordered operations stopped due to a dispute over payments to local indigenous communities. 

Latest News


Sponsored Post


Latest Videos and Audio


Research Reports


Press Office


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/€ = 15.13Change: -0.08
R/$ = 13.60Change: -0.06
Au 1124.72 $/ozChange: 0.62
Pt 1009.00 $/ozChange: -3.00
Subscribe Now for $96
Subscribe Now for $96 Close