http://www.miningweekly.com
R/€ = 14.55 Change: 0.06
R/$ = 13.52 Change: 0.09
Au 1173.27 $/oz Change: 2.95
Pt 940.50 $/oz Change: -1.50
 
Close

Email me free daily news

Email address

Platinum fuel cell passes competitive muster at Implats

By: Martin Creamer     Updated 6 hours ago Impala Platinum Refinery and its partners are in the last phase of financial close for the introduction of 8 MW of off-grid electricity from a platinum-catalysed fuel-cell system that will make use of natural gas from the Sasol grid. “We expect to get close and first flow of funds by March, with... 

Platinum fuel cell passes competitive muster at Implats
Impala Platinum Refining Services Fuel Cell Coordinator Fahmida Smith

Mintek reveals new tailings retreatment process

By: David Oliveira     Updated 5 hours ago State-owned research organisation Mintek on Wednesday demonstrated its Reflaut tailings treatment process at gold miner Gold Fields’ South Deep mine, in Johannesburg. Reflaut, which stands for Retreatment Flowsheet for Au and Uranium Tailings, has been used at South Deep since November and... 

Mintek reveals new tailings retreatment process
Photo by Duane Daws
Mintek's Refloat Tailings Retreatement Process

Gold Fields’ Muller appointed Implats CEO

     7th December 2016 Gold Fields executive VP for South Africa Nico Muller has resigned, effective March 3, to take up the position of CEO at Impala Platinum (Implats) on April 3. He will succeed Implats CEO Terence Goodlace, who will step down on December 1. 

Gold Fields’ Muller appointed Implats CEO
Photo by Duane Daws
Nico Muller

Gas technology group makes case for flexibility as South Africa mulls power road map

By: Terence Creamer     7th December 2016 Leading gas-engine technology provider Wärtsilä has started making the case for greater flexibility within South Africa's evolving electricity supply industry, as well as within the gas-to-power subsector itself, as the country seeks comment on its future electricity road map. The Finnish group,... 

Gas technology group makes case for flexibility as South Africa mulls power road map
The 180 MW Sasolburg gas-engine plant

Chamber of Mines briefs portfolio committee on mining investment in South Africa

By: Anine Kilian     Updated 4 hours ago In light of the challenges faced by South Africa’s mining industry and its contribution to the South African economy, the Chamber of Mines (CoM) of South Africa on Wednesday briefed the Portfolio Committee on Mineral Resources on the mining industry’s investment case . An invitation was extended... 

Lily Mine probe escalated to inquiry

By: SANews, SA government news service     Updated 7 hours ago The Department of Mineral Resources says the investigation into the tragic Lily Mine disaster, which left three mineworkers trapped underground, will be converted into an inquiry. Xolile Mbonambi, the Acting Chief Inspector of Mines, said this when the department appeared before the Portfolio... 

MOD's Botswana copper/silver project gets A$135m price tag

By: Esmarie Swanepoel     7th December 2016 A scoping study into the T3 copper/silver project, in Botswana, has revealed that the project could support a two-million-tonne-a-year operation, to produce around 21 800 t/y of copper and 665 000 oz/y of silver, over a near ten-year mine life. ASX-listed MOD Resources reported on Wednesday that... 

MOD's Botswana copper/silver project gets A$135m price tag

Iluka takeover of Sierra Rutile back on

By: Esmarie Swanepoel     7th December 2016 ASX-listed Iluka’s £215-million acquisition of Sierra Rutile is back on track, after fears were allayed over two tailings dams. Iluka last month warned that the takeover was in jeopardy owing to geotechnical risks at two tailings dams that form part of Sierra Rutile’s operations. The Australian... 

Burkina Faso says dispute with Timis shouldn’t go to court

By: Bloomberg     7th December 2016 Burkina Faso said Timis Mining shouldn’t go to court until it has exhausted local mediation over a dispute about one of the world’s largest manganese deposits that the company says stems from the government’s deliberate blocking of the project. “The problem can’t go to the courts before we’ve... 

Companies need to work harder to gain societies' trust – Rio chairman

By: Reuters     7th December 2016 Multinational companies need to do more to gain the trust of wider society, including better explaining why top executives are so highly rewarded in comparison to workers, the chairman of global miner Rio Tinto told British lawmakers. "Big companies are going to have to work harder and harder to... 

Mawson Resources signs drill contract

By: Anine Kilian     7th December 2016 TSX-listed Nordic exploration company Mawson Resources has initiated a more than 10 000 m diamond drill contract and 700-hole base-of-till drill programme at its 100%-owned Rompas-Rajapalot gold project, in northern Finland. The company noted on Tuesday that the diamond drill programme would... 

Churchill Mining loses arbitration against Indonesia

By: Megan van Wyngaardt     Updated 6 hours ago The International Centre for Settlement of Investment Disputes (ICSID) Tribunal on Wednesday granted Indonesia's application to dismiss Aim-listed Churchill Mining’s claims for damages arising out of the revocation of the mining licences that made up the East Kutai coal project (EKCP) in east... 

The ‘weird’ commodity that’s hurting bears as prices double

By: Bloomberg     7th December 2016 Iron-ore’s probably heading for a retreat in 2017 as new mine supply comes online and a surplus builds, according to UBS Group, which acknowledged that the commodity’s recent surge was unexpected and had torpedoed an earlier forecast for a slump this quarter. “It’s just surprised me,” Wayne... 

The ‘weird’ commodity that’s hurting bears as prices double

Rio CEO wants to expand in diamond mines rather than divest

By: Bloomberg     7th December 2016 When Rio Tinto Group chief Jean-Sebastien Jacques took the reins of the world’s second-biggest mining company in July, there was speculation he’d sell a host of less desirable mines and smelters. The firm’s diamond business, underpinned by two underground mines, was considered by some analysts as... 

Rio CEO wants to expand in diamond mines rather than divest

Millennials could boost global diamond sales

By: Megan van Wyngaardt     Updated 6 hours ago While the global diamond industry may be poised for a modest rally in 2017, several key headwinds persist, including the need for secure access to financing within the midstream sector, slowing consumption in China and the ongoing threat of synthetics and counterfeit diamonds, according to a... 

Millennials could boost global diamond sales

Environmental group takes De Beers Canada to court over mercury

By: Reuters     7th December 2016 An environmental group said on Tuesday it had filed a lawsuit against De Beers Canada, accusing the diamond producer of failing to report toxic levels of mercury and methylmercury at its Victor Diamond mine in northern Ontario. The Wildlands League alleged that De Beers failed to report mercury... 

Sarama appoints veteran accountant as CFO

By: Henry Lazenby     Updated 1 hour 4 minutes ago West Africa-focused gold explorer Sarama Resources has appointed 30-year certified practicing accountant Lui Evangelista as its CFO, replacing Nick Longmire who has resigned to pursue personal interests. Evangelista brings 30-years’ experience to the position, and president and CEO Andrew Dinning... 

BHP's Escondida copper mine union sees wage talks start by mid-Dec

By: Reuters     Updated 1 hour 57 minutes ago Workers at BHP Billiton-owned Escondida, the world's largest copper mine, expect to present the company with their proposal for a new collective contract and begin wage talks later this month, a union leader for the Chilean mine said on Wednesday. "We expect by mid December to officially present... 

Chile rejects attempt to block modified Barrick mine project

By: Reuters     Updated 2 hours 19 minutes ago Chile has rejected an attempt by local communities to block modifications needed to keep Barrick Gold's controversial Pascua Lama project alive, a resolution by the ministerial committee involved showed on Wednesday. The Pascua Lama gold and silver project, which straddles the border of... 

Cameco appoints new director

By: Anine Kilian     7th December 2016 The board of TSX- and NYSE-listed uranium miner Cameco has appointed Kathryn Jackson as a director, effective January 1, 2017. Jackson, who is currently a corporate director and a former senior VP and chief technology officer for titanium supplier RTI International Metals, will stand for election... 

Nemaska Lithium included in lithium index

By: Megan van Wyngaardt     7th December 2016 TSX-listed Nemaska Lithium has been included in the Solactive Global Lithium Index, which is tracked by investment solutions provider Global X Lithium exchange traded fund (ETF). The Solactive Global Lithium Index tracks the performance of the largest and most liquid listed companies that are... 

Copper Mountain expects to exceed production guidance

By: Megan van Wyngaardt     7th December 2016 Continued mining activities at Copper Mountain Mining’s eponymous mine, in southern British Columbia, during October and November, have seen the company achieve an above-average mining rate of 193 550 t/d, against its 174 000 t/d budget. The TSX-listed miner said in a statement on Tuesday that... 

Agnico Eagle buys shares in gold explorer

By: Megan van Wyngaardt     7th December 2016 Canadian gold miner Agnico Eagle has entered into a share purchase agreement with G4G Capital to earn 19.93% of its total issued and outstanding common shares at $1.20 apiece. On closing of the transaction, which is expected on or around December 13, Agnico Eagle and G4G, which will be renamed... 

Global mining industry will see slight improvement in 2017

By: Anine Kilian     7th December 2016 The global mining industry’s value and production growth outlook for 2017 will gradually improve over the course of the year as metal prices are likely to trend higher over the coming quarters, according to Fitch Group research arm BMI. “We maintain a positive view toward metal prices over a... 

Global mining industry will see slight improvement in 2017

SNC-Lavalin clinches $100m oil and gas deal

By: Megan van Wyngaardt     7th December 2016 TSX-listed SNC-Lavalin has been awarded a $100-million ten-year build-own-operate (BOO) oil and gas service contract for the engineering, procurement and construction (EPC) and the operations of multiple gas-compression and dehydration facilities in the US’s Permian basin, in Texas. SNC-Lavalin... 

Base metals price boosts EY mining index

By: Megan van Wyngaardt     7th December 2016 Following a comparatively larger gain of 42% in the second quarter, financial services firm EY's Canadian Mining Eye index gained a modest 4% during the third quarter, which EY Canadian mining and metals leader Jim MacLean attributed to an increase in the price of base metals. “The earnings are... 

Las Bambas claims a life

By: Esmarie Swanepoel     7th December 2016 Metals miner MMG has reported a fatality at its Las Bambas copper operation, in Peru. A contract worker was fatally injured on Tuesday by an uncontrolled release of pressurised water while working in the tailings thickener area of the concentrator plant. 

Las Bambas claims a life
Photo by Reuters
MMG CEO Andrew Michelmore

Barrick appoints new member to the board

By: Anine Kilian     7th December 2016 TSX-listed Barrick Gold has appointed Argentinian Pablo Marcet to the company's board of directors. In a statement released on Wednesday, the company said his appointment reflected the increasingly important role the South American region will play in Barrick's long-term growth strategy. 

Uranium Resources retires debt

By: Esmarie Swanepoel     7th December 2016 ASX-listed Uranium Resources will retire its A$8-million debt due to Resource Capital Fund (RCF). The energy metals developer on Wednesday announced a transaction, which would see an investor purchase an initial A$2.5-million of notes from RCF. These notes would the be exchanged for a share of... 

Alacer adjusts 2016 output expectations

By: Esmarie Swanepoel     7th December 2016 Dual-listed gold miner Alacer Gold has downgraded its production expectations for 2016, following delays in accessing higher-grade ore at the Marble pit of its Çöpler gold mine in Turkey. Alacer now expects to produce between 115 000 oz and 125 000 oz of gold this year, rather than a previous... 

Alacer adjusts 2016 output expectations

NT's oil and gas exploration soars

By: Esmarie Swanepoel     7th December 2016 The Northern Territory government has celebrated the 47% increase in oil and gas exploration in the state, which has grown to its highest rate in 18 months. Companies spent a total of A$34.8-million on oil and gas exploration, marking the first significant upturn in exploration since the global... 

NT's oil and gas exploration soars

Minbos shareholder tempts with cash

By: Esmarie Swanepoel     7th December 2016 Phosphate developer Minbos Resources will raise A$3.85-million from its largest shareholder Green Services Innovation, which has exercised and paid 385-million options, at 1c each. An additional 310-million shares will be exercisable at the end of December this year, also at 1c each. 

Mt Cattlin going day and night

By: Esmarie Swanepoel     7th December 2016 The Mt Cattlin spodumene project, in Western Australia, has started 24-hour production, owner Galaxy Resources reported on Wednesday. Ore commissioning at the project started in mid-November, with the project also producing its first lithium concentrate during this time. 

Codelco optimistic about Chuquicamata copper mine wage talks

By: Reuters     7th December 2016 Codelco is optimistic it can strike a deal with union leaders at its century-old Chuquicamata copper mine in northern Chile, it said this week as it embarked on complex contract negotiations. The wage talks at Chuquicamata, one of the Chilean state-owned company's largest operations, are seen as... 

Explorer sues Victoria govt for A$2.7bn over fracking ban

By: Esmarie Swanepoel     7th December 2016 Oil and gas explorer Lake Oil has launched a A$2.7-billion legal claim against the Victorian government, after the state government announced plans to ban hydraulic fracturing (fracking). “The unjust and unlawful actions of the Victorian government, and its proposed Bill to ban onshore... 

Explorer sues Victoria govt for A$2.7bn over fracking ban

Aureus Mining raises $76m, changes name

By: Megan van Wyngaardt     6th December 2016 Dual-listed Aureus Mining, which is changing its name to Avesoro Resources, on Tuesday raised $76-million through an equity fundraise. Through a subscription, principal placing and broker option, Aureus has now admitted 411-million new shares for trading on the Aim and the TSX. 

Aureus Mining raises $76m, changes name

Transnet lauds successful training collaboration with Glasgow university

By: Anine Kilian     6th December 2016 Another 145 Transnet Freight Rail (TFR) employees have completed degrees, diplomas and certificates in railway operations management through the Glasgow Caledonian University (GCU). The graduates, along with GCU principal and Vice-Chancellor Professor Pamela Gillies and Transnet CEO Siyabonga... 

KZN turns sod on R85bn privately owned coal power station 

By: African News Agency      6th December 2016 KwaZulu-Natal Premier Willies Mchunu on Tuesday said he was confident that the R85-billion investment to build a smelter park would usher in a new era characterised by employment and prosperity in the province. The CS Smelter Park, an investment made through the Brics countries, is earmarked to... 

Latest News  by  

more

Company Post

more

Latest Videos and Audio

On-The-Air (02/12/2016)

Resources Watch

DMR making ill-considered demands, turns dictator

On-The-Air (25/11/2016)

Chamber raises concerns about DMR Mining Charter diktat

Gold from woodchips, grease, mine muck surprises on upside

Gold from woodchips, grease, mine muck surprises on upside

On-The-Air (18/11/2016)

more

Services News

Consulting Engineers

Contract Mining

Crushing and Screening

Drilling and Tunnelling

Earthmoving

Energy Services

Explosives

Furnaces and Kilns

Materials Handling

Opencast/Quarries

Pumps

Valves

Company Announcements

more

Research Reports

Projects

Press Office

more

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
Close