R/€ = 16.13 Change: -0.08
R/$ = 14.19 Change: -0.07
Au 1243.06 $/oz Change: -1.01
Pt 794.47 $/oz Change: 8.91

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Japanese trading giant Mitsubishi throws weight behind platinum 

By: Martin Creamer     13th December 2018 The Japanese trading giant Mitsubishi has thrown its weight behind technologies that harness the high-performance characteristics of platinum group metals (PGMs) by joining Anglo American Platinum (Amplats) and South Africa’s Public Investment Corporation (PIC) as an investor in AP Ventures,... 

Japanese trading giant Mitsubishi throws weight behind platinum
Photo by Creamer Media
AP Ventures managing partner Andrew Hinkly

High Court sets out process to action against silicosis, TB settlement agreement  

By: Marleny Arnoldi     Updated 2 hours 53 minutes ago The Johannesburg High Court on Thursday issued a court order setting out the processes in terms of which members of the settling classes and any interested parties should be invited to show cause why the silicosis and tuberculosis class action settlement agreement should not be made an order of... 

Sibanye extends union wage agreements to all employees, ends AMCU strike 

By: Marleny Arnoldi     Updated 7 hours ago JSE-listed Sibanye-Stillwater has extended the wage agreement entered into with some unions to all employees, effectively rendering the three-week-long strike by Association of Mineworkers and Construction Union (AMCU) members unprotected. During the course of the strike, which was called by... 

Sibanye extends union wage agreements to all employees, ends AMCU strike

AMCU accuses Sibanye of using 'underhand tactics' to end strike

By: African News Agency      Updated 5 hours ago The Association of Mineworkers and Construction Union (AMCU) has retaliated against Sibanye-Stillwater, saying that the miner had resorted to further "underhanded tactics" in an effort to discredit the legal and protected status of its strike in the gold sector.  This is after Sibanye said on... 

Back to the future for Eskom as it seeks to plug 1.3bn ton coal hole 

By: Terence Creamer     Updated 2 hours 55 minutes ago State-owned electricity producer Eskom is going back to the future as it seeks to close an estimated 1.3-billion ton coal shortfall that it calculates will arise over the remaining life of its coal-fired power station fleet. The shortfall calculation takes account of the decommissioning of the... 

Back to the future for Eskom as it seeks to plug 1.3bn ton coal hole
Photo by Dylan Slater
Primary energy division GM Dan Mashigo

South32 inks US copper alliance with EMX

By: Mariaan Webb     10th December 2018 Diversified miner South32 has entered into regional strategic alliance agreement with a subsidiary of EMX Royalty, focusing on finding copper and other base metals projects in Arizona, New Mexico and Utah. The agreement provides funding for generative work and acquisitions over a two-year... 

Gold supply to increase 2.2% for 2018 – Refinitiv

By: Marleny Arnoldi     Updated 3 hours ago Total gold supply is set to increase by 2.2% year-on-year this year, led by mine production, says the GFMS team at Refinitiv. Refinitiv predicts this year will finish as another year of net de-hedging, albeit at a forecast 29 t, which will be 29% lower than in 2017.  

Orion Minerals to restart Prieska production in 2021 

By: Simone Liedtke     Updated 3 hours ago Polymetallic minerals exploration and development company Orion Minerals’ flagship Prieska zinc/copper mine, in the Northern Cape, is expected to start production by 2021. This is notwithstanding any potential challenges and delays, Orion COO Walter Shamu said during a media briefing on Thursday. 

Orion Minerals COO Walter Shamu speaks to Mining Weekly Online about the miner's flagship Prieska project, located in the Northern Cape. Video & Editing: Nicolas Boyd

PTM completes share consolidation

By: Simone Liedtke     Updated 3 hours ago Dual-listed Platinum Group Metals (PTM) on Thursday said it had completed the consolidation of its common shares. The consolidation was done on the basis of one new share for ten old shares, effective from 09:00 on December 13. 

Zimbabwe mining minister invites De Beers, Vast Resources to return

By: Reuters     Updated 5 hours ago De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years, Mining Minister Winston Chitando said. A spokesman for De Beers, an Anglo American unit, said in an email it was not mining... 

Zimbabwe mining minister invites De Beers, Vast Resources to return
Photo by Reuters
Zimbabwe Mining Minister Winston Chitando

Barrick Gold is said to move closer to resolving Acacia dispute

By: Bloomberg     13th December 2018 Barrick Gold Corp has reached an agreement with the Tanzanian government on a $300-million payment, a milestone toward resolving a dispute that has crippled the miner’s subsidiary in the African country, according to people familiar with the situation. Executives from the Toronto-based producer... 

Barrick Gold is said to move closer to resolving Acacia dispute

Xolobeni community bans Mantashe for appealing right to say no to mining

By: African News Agency      Updated 3 hours ago The Amadiba Crisis Committee said on Thursday that Mineral Resources Minister Gwede Mantashe was not welcome at the Xolobeni community anymore after it received his application for leave to appeal the court's judgement for the community's right to say no to mining in their area.  Last month, the... 

Trans Hex swings to H1 profit

By: Marleny Arnoldi     13th December 2018 JSE-listed diamond miner Trans Hex reported a group net profit of R52-million for the six months ended September 30, compared with the R199-million loss reported for the six months to September 30, 2017. The company managed to raise its earnings a share to 37.6c apiece, compared with a loss of... 

Iamgold tables maiden resource for Gossey deposit

By: Tasneem Bulbulia     Updated 7 hours ago Canada-based gold major Iamgold has announced an initial mineral resource estimate for the Gossey satellite deposit, located about 15 km north-west of its Essakane operation in Burkina Faso. The resource estimate comprises 10.5-million tonnes of indicated resources averaging 0.87 g/t of gold for... 

Hummingbird anticipates up to 16 g/t gold grade potential at Mali project

By: Marleny Arnoldi     Updated 6 hours ago Aim-listed Hummingbird Resources has announced the second set of drill results from the 2018 exploration campaign at its Yanfolila gold mine, in Mali, which further confirms high-grade gold mineralisation potential. The focus of the drill programme is to convert resources to reserves and extend... 

BHP's $20bn Canadian potash dilemma: To build or not?

By: Bloomberg     Updated 5 hours ago BHP Group may be heading for another clash with investors as the world’s biggest miner gets closer to a decision on whether to build, sell or mothball its $20-billion potash project. The Jansen mine in Canada is aimed at giving the company exposure to rising global food demand and represents... 

BHP's $20bn Canadian potash dilemma: To build or not?
BHP CEO Andrew Mackenzie

Cuba sees nickel output topping 50 000 t

By: Reuters     Updated 1 hour 11 minutes ago Cuba's nickel plus cobalt sulfide production will top 50 000 t this year and earnings are up over 2017, the head of the country’s state monopoly Cubaniquel was quoted by local media as stating on Wednesday. Nickel is one of the cash-strapped Communist-run country’s most important exports, but... 

Vale bolsters case for takeover of BHP JV with acquisition

By: Bloomberg     Updated 1 hour 17 minutes ago Vale’s latest acquisition bolsters the argument it has raised for taking complete control of the shuttered Brazilian iron-ore mine that it owns with BHP Group. Vale announced on Tuesday the purchase of technology firm New Steel for $500-million as it aims to boost output of high-grade iron-ore... 

Westwater seeks arbitration over Turkey licences

By: Mariaan Webb     Updated 3 hours ago Nasdaq-listed Westwater Resources said on Thursday that it would seek international arbitration over what it alleged was the illegal taking of its Temrezle and Sefaalti uranium projects by the Turkish government in June this year. Westwater has sought to open a dialogue with the government, but... 

Codelco says Chuquicamata mine operating normally despite protests

By: Reuters     Updated 4 hours ago Chile's Codelco said its sprawling Chuquicamata copper mine was operating normally after workers blocked access to the mine overnight Thursday. Unions at Chuquicamata, the state miner's second largest by output, have protested for months over plans to transform the century-old open pit into an... 

Testing confirms coproduct potential at Mina do Barroso

By: Tasneem Bulbulia     Updated 4 hours ago Savannah Resources, which is focused on becoming Europe’s most significant producer of lithium spodumene concentrates from its Portuguese Mina do Barroso project, has successfully produced saleable quartz and feldspar coproducts from its ongoing metallurgical test work at the project. Coproducts... 

Bacanora plans to list German subsidiary in 2019

By: Mariaan Webb     Updated 4 hours ago Project developer Bacanora Lithium is planning a 2019 stock exchange listing for the subsidiary that holds its Zinnwald lithium deposit, in Germany. Bacanora, which is also advancing the Sonora lithium project in Mexico, said on Thursday that it had held discussions with its financial advisers... 

Bacanora plans to list German subsidiary in 2019

Cauchari feasibility study gets under way

By: Mariaan Webb     Updated 5 hours ago Advantage Lithium, the 75% owner of the Argentina-based Cauchari joint venture with Orocobre, has appointed GHD Chile to complete early engineering geared towards completing a feasibility study by June next year. Advantage Lithium is fast-tracking the project, jumping straight to the definitive... 

Euro Manganese updates Chvaletice resource estimate

By: Mariaan Webb     Updated 7 hours ago Following the completion of the 2018 drilling programme, TSX-V- and ASX-listed Euro Manganese has updated the resource estimate of its Chvaletice manganese project, in the Czech Republic, confirming 98.3% as measured resources. The project's total measured and indicated resources now amount to... 

Thor adds to Pilot Mountain mineral resources

By: Marleny Arnoldi     Updated 7 hours ago ASX- and Aim-listed Thor Mining’s Desert Scheelite deposit at Pilot Mountain, in Nevada, has a mineral resource estimate of 10.7-million tonnes at 0.26% tungsten trioxide, 19.38 g/t silver, 0.15% copper and 0.38% zinc. The updated mineral resource estimate represents a 6.5% increase in the... 

Resources Watch  

13th December 2018 Global association aims to build sustainable future for zinc And, Innovate and generate cash at same time 

Resources Watch

BHP and ExxonMobil push button on A$400m development

By: Esmarie Iannucci     13th December 2018 Mining major BHP and its joint venture partner Exxonmobil have pulled the trigger on the West Barracouta gas project, in the Bass Strait, offshore Victoria. BHP said on Thursday that its share of investment would amount to some $200-million, which was in line with the company’s commitment to... 

Gold Fields to restart South Deep production as workers return

By: Reuters     13th December 2018 Workers will return to Gold Fields' sole South African mine on Thursday after a six-week strike was called off by the country's National Union of Mineworkers (NUM), with production likely to resume in earnest next year. Workers from the largest union operating at the South Deep mine downed tools... 

Power Ore buys former Falconbridge copper complex

By: Mariaan Webb     13th December 2018 The Opemiska copper complex – a former Falconbridge asset – has a new owner, which intends to fast-track the two past-producing copper mines near Chapais, Quebec, as part of a strategy of investing in metals that stand to benefit from a move to battery-powered vehicles. TSX-V-listed Power Ore... 

Power Ore buys former Falconbridge copper complex

Australian rail workers plan strikes that could hit key coal haulage tracks

By: Reuters     13th December 2018 Coal railway workers at Australian hauler Aurizon Holdings are planning strikes after a breakdown in pay negotiations, their trade union said, a move that could delay shipments from the world's largest coking coal export region. Miners including BHP Billiton, Glencore, Anglo American and... 

ATAC shares fall as Barrick terminates Yukon earn-in

By: Creamer Media Reporter      13th December 2018 Nearly two years since Barrick Gold partnered with junior ATAC Resources to advance the part of the Racklan gold property in the Yukon Territory of north-west Canada, the gold major has terminated its option to acquire an interest in the Orion project. ATAC president and CEO Graham Downs thanked... 

Ramelius sweetens Explauraum deal

By: Esmarie Iannucci     13th December 2018 Gold miner Ramelius Resources has increased its offer for fellow-listed Explaurum, by 2c a share in cash. Ramelius is now offering Explaurum shareholders one of its own shares for every four Explaurum shares held, as well as 2c a share in cash for every Explaurum share held. 

Western Australia lowers rental rates for potash projects

By: Esmarie Iannucci     13th December 2018 The Western Australian has announced a suite of measures to assist in developing potash projects in the region. Mines and Petroleum Minister Bill Johnston on Thursday said that due to the unique nature of potash projects, the state government would introduce a new rental rate for potash projects... 

Western Australia lowers rental rates for potash projects

Platina DFS proves positive

By: Esmarie Iannucci     13th December 2018 A definitive feasibility study (DFS) into the Platina scandium project, in New South Wales, has delivered attractive financial returns to project owner Platina Resources. The DFS estimated that the project would have a post-tax net present value of $166-million, and after tax internal rate of... 

Capricorn secures funding for Karlawinda development

By: Esmarie Iannucci     13th December 2018 Metals developer Capricorn Metals has secured a A$107-million funding package to develop its Karlawinda gold project, in Western Australia. The project finance facility, secured from Macquarie Bank, include a senior project finance facility of A$81-million, a bank guarantee facility of... 

Koolan Island on track for March sales

By: Esmarie Iannucci     13th December 2018 First iron-ore sales from the Koolan Island restart project, in the Kimberley region of Western Australia, is expected by the end of March next year, ASX-listed Mount Gibson Iron reported. The company has told shareholders that site ramp-up activities were progressing well, with dewatering... 

Matsa acquires more ground around Red October

By: Esmarie Iannucci     13th December 2018 ASX-listed Matsa Resources has struck a deal with fellow listed GME Resources to acquire the Devon gold mine, in Western Australia, for A$100 000. Under the terms of the agreement, Matsa will pay GME A$50 000 in cash, with the balance of the payment to be made in either cash or Matsa shares. 

Flinders to de-list from ASX

By: Esmarie Iannucci     13th December 2018 Emerging iron-ore junior Flinders Mines has applied for a de-listing from the ASX, saying it would be in the best interest of shareholders. The decision to de-list from the ASX followed a strategic review of the available options to maximise shareholder value, on the back of a number of... 

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