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Up to ten midtier mineral deposits can still be discovered in South Africa – resources consultant

By: Mia Breytenbach     19th January 2018 There is no reason why South Africa cannot build an exploration and junior mining sector, says resources consultant Dr John Bristow, who notes that while the country has vestiges of this sector, it is hampered by regulatory policy, and a preoccupation with a “Sunset” mining industry. Speaking at... 

Up to ten midtier mineral deposits can still be discovered  in South Africa – resources consultant
Photo by Duane Daws
DR JOHN BRISTOW South Africa’s geological and minerals jewel box remains underexplored

Regulatory uncertainty casting shadow over South Africa amid forecast for further minerals market uptick

By: Mia Breytenbach     19th January 2018 The South African mining industry has had a tumultuous time because of the controversial Reviewed Draft Broad-Based Black Economic Empowerment Charter for the South African Mining and Minerals Industry, also known as Mining Charter III, which, amid lingering political uncertainty, led to low... 

Regulatory uncertainty casting shadow over South Africa amid forecast for further minerals market uptick

African Energy to delist from Botswana exchange

By: Megan van Wyngaardt     19th January 2018 ASX-lsited African Energy Resources (AER) on Friday said it would delist from the Botswana Stock Exchange (BSE), as it currently encompassed only 22 shareholders with less than 0.3% of its shares on issue. Listed since October 2011, AER’s directors believed that the administrative costs and... 

African Energy to delist from Botswana exchange

Millennials snubbing diamonds has hedge fund seeing slump deepen

By: Bloomberg     19th January 2018 Diamonds are set to slump further, according to a hedge fund whose bet on marijuana made it the world’s best performer in 2016. Prices of the precious gem may slump as much as 10% this year as it loses appeal with younger consumers and faces challenges from synthetic alternatives, said... 

Millennials snubbing diamonds has hedge fund seeing slump deepen

NUM says branch leader at Lonmin unit shot dead

By: Reuters     19th January 2018 The National Union of Mineworkers (NUM) said on Friday that its branch chairman at Eastern Platinum Mine, a unit of Lonmin, was shot by unknown assailants and subsequently died in hospital. The shooting is the latest in a spate of such incidents on the platinum belt, which has been the scene of... 

Sula to pursue DRC cobalt opportunities as it changes name to African Battery Metals

By: Mia Breytenbach     19th January 2018 Multicommodity exploration and development company Sula Iron & Gold, which has changed its name to African Battery Metals (ABM), will now focus on developing its cobalt exploration licences in the Democratic Republic of Congo (DRC). Trading in the company’s shares under the new name started on... 

Offtake agreements now cover 60% of Montepuez production – Battery Minerals

By: Megan van Wyngaardt     19th January 2018 ASX-listed Battery Minerals has signed a binding offtake agreement with Qingdao Black Dragon Graphite for 10 000 t/y of graphite concentrate from its Montepuez project, in Mozambique, for an initial term of three years. This marks the third offtake agreement for the project. 

Weatherly posts double-digit production growth in December quarter

By: Natasha Odendaal     19th January 2018 Aim-listed Weatherly International produced 4 739 t copper cathode from its Tschudi mine during the December quarter – 11.5% above nameplate capacity and 15% higher than the preceding quarter. This brought production for the first half of the company’s financial year to 8 843 t or 4% ahead of... 

GoldStone investigates potential to restart Ghana underground mine

By: Megan van Wyngaardt     19th January 2018 Africa-focused miner GoldStone Resources has initiated a project to potentially revitalise the old Akrokeri underground mine, in Ghana. The mine is situated within the Akrokeri prospecting licence, about 1.5 km south of the proposed AK01 South pits. 

Asanko achieves solid quarter at Ghana mine

By: Megan van Wyngaardt     19th January 2018 A solid quarterly performance was recorded at NYSE-listed Asanko Gold’s eponymous mine in Ghana, which produced 51 550 oz in the fourth quarter of 2017. Asanko CEO Peter Breese on Thursday noted that this helped the company achieve its revised 2017 guidance, with full-year production of 205 047 oz. 

Mkango shareholders approve Talaxis investment transaction

By: Megan van Wyngaardt     19th January 2018 Shareholders of Aim- and TSX-V-listed Mkango Resources have approved an investment transaction with Noble Group subsidiary Talaxis. In November, the company secured a direct investment from Talaxis, to be paid in three tranches, in exchange for a 49% interest in Mkango subsidiary Lancaster... 

BlackEarth celebrates ASX listing, gears up for Madagascar drilling

By: Natasha Odendaal     19th January 2018 ASX-listed BlackEarth is preparing to implement its drilling programme after listing on the Australian bourse on Friday following a $5.45-million initial public offering (IPO) raising. The company is embarking on a 200-hole graphite drill programme at its Maniry graphite project, in Madagascar,... 

Condor appoints veteran mining executive to board

By: Henry Lazenby     18th January 2018 Nicaragua-focused project developer Condor Gold has appointed veteran mining executive Andrew Cheatle as a nonexecutive director. A mining industry executive, professional geoscientist and graduate of the Royal School of Mines at Imperial College, in London, Cheatle cut his teeth for ten years... 

China's proposed dual-credit scheme can reshape the EV market – WoodMac

By: Henry Lazenby     19th January 2018 China's electric vehicles (EV) market has grown exponentially to overtake the US as the world's largest EV market, thanks to heavy government subsidies to spur growth in the emerging automotive sector. However, research and consultancy firm Wood Mackenzie (WoodMac) warns that these subsidies are... 

Mining Weekly iPhone and Android Apps available for free download 

     19th January 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

Senator, uranium producers urge US govt to investigate reliance on imports from Russia

By: Henry Lazenby     20th January 2018 US Republican senator for Wyoming John Barasso has called upon the Commerce Department to launch an investigation into the effects of uranium imports on US national security. "For years, government-owned uranium producers in Russia, Kazakhstan, and Uzbekistan have unfairly flooded American... 

Senator, uranium producers urge US govt to investigate reliance on imports from Russia

Nevsun discovers new high-grade copper/gold deposit east of Timok Upper Zone

By: Henry Lazenby     20th January 2018 Base metals producer Nevsun Resources announced this week it has discovered a new high-grade copper/gold deposit about 500 m east of the Timok Upper Zone, in Serbia. Ongoing drilling has intersected new high-sulphidation epithermal (HSE) copper/gold mineralisation, similar to that found at the... 

ADM has made takeover approach to Bunge – WSJ

By: Reuters     20th January 2018 Agricultural processing and trading company Archer Daniels Midland has proposed a takeover of Bunge, the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London-based rival Glencore in an industry moving towards consolidation. Bunge and other top grains... 

Union at Colombia's Cerrejon to hear wage offer before possible strike vote

By: Reuters     19th January 2018 The largest union at Cerrejon, Colombia's top thermal coal mine, was set to meet with the company on Friday to hear a new salary and benefits offer before deciding whether to hold a vote on a possible strike. A work stoppage at the Cerrejon mine, which belongs in equal parts to BHP Billiton,... 

India to allot Coal India 11 new mines to boost production by two-fifths

By: Reuters     19th January 2018 India will allow Coal India to build 11 new coal mines, the government said, a move that could increase annual production of the world's largest coal miner by two-fifths. The mines, in the eastern states of Odisha, Jharkhand and Bihar, are expected to operate at full capacity by 2022, Coal... 

Turkish gold imports hit record 370 t in 2017 – Borsa Istanbul

By: Reuters     19th January 2018 Gold imports to Turkey hit a record 370 t in 2017, more than trebling from 106.1 t, data from Borsa Istanbul showed. This was the highest level of imports since the data was made available in 1995 and well above the previous record of 302 t set in 2013. 

Po Valley makes significant commercial gas discovery in Italy

By: Megan van Wyngaardt     19th January 2018 Shares in Australia’s Po Valley Energy (PVE) surged on Friday, reaching an intraday high of 10c each, up from the previous day’s closing price of 4c each, following the news of significant commercial discovery at its new Selva gas field in northern Italy. By 16:00 in Sydney, the stock traded at... 

Aspire progresses path to feasibility for Nuurstei project

By: Natasha Odendaal     19th January 2018 Mongolian metallurgical coal explorer and infrastructure company Aspire Mining has completed several key steps as it works towards providing the foundation for the start of a feasibility for its Nuurstei coking coal project. The company appointed Neil Wilson as project manager for the Nuurstei... 

Confidence returning to Western Australia’s exploration industry

By: Megan van Wyngaardt     19th January 2018 The Western Australian Department of Mines, Industry Regulation and Safety (DMIRS) reports that the number of Programme of Works (PoW) received in 2017 has increased by 40% from 2016. This totaled 2 575 PoW applications compared with 1 799 the previous year.  During the year, the department... 

Confidence returning to Western Australia’s exploration industry

Polyus launches $250m bond offering

By: Creamer Media Reporter      19th January 2018 Russian gold miner Polyus on Friday announced a $250-million offering of senior unsecured guaranteed convertible bonds, the proceeds of which it would use for debt refining and other general corporate purposes. The bonds, to be issued by Polyus Finance, are due in 2021. 

Trans-Siberian posts record Q4 production

By: Mariaan Webb     19th January 2018 Russian gold miner Trans-Siberian has posted record fourth-quarter production and managed to slightly exceed its full-year guidance, despite operational challenges in the year. The Asacha gold mine, in Kamchatka in Far East Russia, produced a record 12 244 oz of gold in dore in the fourth... 

Mincor raises A$10m in two raisings to fund nickel exploration

By: Natasha Odendaal     19th January 2018 An oversubscribed A$3-million share purchase plan (SPP) has brought the total amount raised by ASX-listed Mincor Resources to A$10-million since December. The company on Friday announced that, of the A$12.8-million in applications received from shareholders, Mincor would accept A$1-million in... 

BCI reports positive progress on Mardie salt PFS

By: Natasha Odendaal     19th January 2018 ASX-listed BCI Minerals’ significantly progressed prefeasibility study (PFS) has provided further validation on the viability of its Mardie salt project, in the Pilbara region, Western Australia. Over the past six months, BCI has completed material environmental, heritage and geotechnical... 

Barkerville Gold Mines fined C$200 000 for Fisheries Act abuses

By: Henry Lazenby     19th January 2018 Junior mine developer Barkerville Gold Mines has been fined C$200 000 by Environment and Climate Change Canada enforcement officers, after pleading guilty to violations under the Fisheries Act. Charges were brought in the Provincial Court of British Columbia and related to the metal mining... 

RNC lifts Beta Hunt mine's Q4 output 21% y/y

By: Henry Lazenby     19th January 2018 Diversified Canadian miner RNC Minerals has reported a 21% year-on-year increase in fourth-quarter gold output from the Beta Hunt mine, in Western Australia, producing 12 722 oz of gold. The Toronto-headquartered company mined 160 000 t of ore at Beta Hunt, which had an average grade of 2.47 g/t... 

Materials Price Index rises for tenth week in a row

By: Henry Lazenby     19th January 2018 The Materials Price Index (MPI) from Global Insight by IHS Markit has risen for the tenth consecutive week, the research and consultancy group announced on Thursday. The index added a strong 1.8%, adding to a 15.1% rise since early October, when the current rally started. 

TMAC achieves permitting milestones in Yukon project developments

By: Henry Lazenby     19th January 2018 Gold producer TMAC Resources has achieved a significant permitting milestone for its Madrid and Boston gold deposits, after the Nunavut Impact Review Board and the Nunavut Water Board accepted the final environmental-impact statement and water licence applications and started a coordinated review... 

Environment watchdog orders Barrick to close Chilean side of giant Pascua-Lama project

By: Henry Lazenby     19th January 2018 Chile's superintendent of the environment has ordered mining major Barrick Gold to close the Chilean side of the massive, but stalled Pascua-Lama gold/silver project straddling the border between Argentina and Chile. The Superintendencia del Medio Ambiente (SMA) announced a revised sanction on... 

Environment watchdog orders Barrick to close Chilean side of giant Pascua-Lama project

Kefi approves final model for Tulu Kapi project

By: Megan van Wyngaardt     18th January 2018 The final project models for Kefi Minerals’ Tulu Kapi project have now been agreed to by the government of Ethiopia, contractors Lycopodium and Ausdrill/African Mining Services and preferred project financiers. "The models were uploaded into the formal financing data rooms. They show some... 

OceanaGold achieves record yearly production

By: Mia Breytenbach     18th January 2018 Dual-listed gold miner OceanaGold has ended 2017 on a high note, with the company on Thursday reporting record full year and fourth-quarter gold production of 574 606 oz, and 166 211 oz, respectively. The record quarterly production led to OceanaGold achieving its yearly guidance for the sixth... 

Employee dies in accident at Harmony’s Thsepong mine

By: Megan van Wyngaardt     18th January 2018 Harmony Gold on Thursday said an employee at its Tshepong mine, near Welkom, in the Free State, had been killed in a mining equipment related incident on Wednesday afternoon. An investigation into the accident was currently under way. 

Platinum miner Lonmin's lenders relax loan agreements again

By: Reuters     18th January 2018 Platinum miner Lonmin has received a further waiver on its debt agreements from its lenders, preventing a default, the South Africa-focused company said on Thursday. London-listed Lonmin, which is being bought by Sibanye-Stillwater, has been battling liquidity issues caused by combination of low... 

BlueRock starts mining new kimberlite pipe, expects improved results

By: Megan van Wyngaardt     18th January 2018 South African-focused diamond miner BlueRock Diamonds made a number of planned modifications to the crushing circuit at its Kareevlei diamond mine, near Kimberley, during a three-week Christmas break. The modifications are expected to improve the method of feeding ore to the crushers. 

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