R/€ = 13.86 Change: -13.72
R/$ = 12.76 Change: -12.63
Au 1253.31 $/oz Change: -0.49
Pt 966.50 $/oz Change: -1.00

Email me free daily news

Email address

South32 to return additional $500m to shareholders

By: Martin Creamer     27th March 2017 Diversified mining company South32 on Monday announced that it intends to return an additional $500-million to shareholders, equating to 4.5% of the group’s current market capitalisation. The Sydney-, London- and Johannesburg-listed company said in a media release that this dividend-complementing... 

South32 to return additional $500m to shareholders
South32 CEO Graham Kerr

Rockwell in a bind as court issues interim liquidation order on 3 subsidiaries

By: Henry Lazenby     25th March 2017 A judge in Kimberley, South Africa, has issued an interim liquidation order against three subsidiaries of TSX- and JSE-listed Rockwell Diamonds. The interim court order does not affect Rockwell Diamonds, the parent entity. 

Rockwell in a bind as court issues interim liquidation order on 3 subsidiaries
Photo by Rockwell Diamonds
Niewejaarskraal diamond mine, South Africa

Wesizwe to report higher earnings for FY16

By: Megan van Wyngaardt     27th March 2017 Platinum miner Wesizwe Platinum, which is developing the Bakubung mine, near Rustenburg, expects to post improved results for the financial year to December 31, with basic earnings a share forecast to increase by 144% to 164%, to between 15.17c and 22.01c. This compares with the basic loss a... 

Tlou raises A$5.2m for CBM projects

By: Esmarie Swanepoel     27th March 2017 ASX- and Aim-listed Tlou Energy has raised some A$5.2-million through a share placement to fund work at its coal bed methane (CBM) projects, in Botswana and elsewhere in Southern Africa. The company placed more than 51.78-million shares at an issue price of 10c each, to sophisticated and... 

Premier African Minerals raises over £2m in oversubscribed offer

By: Megan van Wyngaardt     27th March 2017 Aim-listed Premier African Mineral’s offer, made on Friday, to raise £1.5-million, at 0.5p per new ordinary share, received a very strong response from private and institutional investors, with the offer being oversubscribed. The offer was on a first come, first served basis and was closed early... 

Mustang lists on Frankfurt exchange

By: Esmarie Swanepoel     27th March 2017 ASX-listed Mustang Resources has listed on the Frankfurt Stock Exchange, trading under the stock symbol GGY, as a result of the growing interest among European investors, in the Montepuez ruby and Caula graphite projects, in Mozambique. Mustang on Monday told shareholders that its ruby inventory... 

Lucapa announces maiden Mothae resource estimate

By: Henry Lazenby     25th March 2017 ASX-listed Lucapa Diamonds has published a maiden Joint Ore Reserves Committee-compliant resource estimate for the Mothae kimberlite pipe, in Lesotho. The Mothae project is located about 5 km from Gem Diamonds’ Letšeng mine. 

Botswana Diamonds continues to progress exploration programmes

By: Anine Kilian     27th March 2017 JSE-listed Botswana Diamonds has completed a drilling programme on PL 186, on the Maibwe ground, in the Kalahari Desert, it said in a statement of Monday. “We identified the locations of the previously drilled holes where significant quantities of diamonds were discovered. We drilled three... 

Savannah raises Mutamba resource estimate

By: Anine Kilian     27th March 2017 Savannah Resources has raised the resource estimate for its Mutamba mineral sands project, in Mozambique, after evaluating drilling results from the Ravene deposit. The Ravene resource has been found to contain a high-grade portion of 92-million tonnes at 6.2% total heavy materials (THM), which... 

Southern Gold partners with London-listed firm on two Korean projects

By: Esmarie Swanepoel     27th March 2017 Gold producer Southern Gold could restart two of its Korean gold mines with the help of LSE-listed Bluebird Merchant Ventures. ASX-listed Southern Gold on Monday announced that it has signed a conditional agreement with Bluebird for the farm-in on two of Southern Gold’s 17 gold projects in South... 

Colombia municipality, home of AngloGold project, votes to ban mining

By: Reuters     Updated 6 minutes ago Voters in Colombia's Tolima province have backed a proposal to ban mining projects in their municipality, a result that raises questions about the future of an AngloGold Ashanti gold exploration in the area. South Africa's AngloGold may not be permitted to extract gold at its flagship Colombian... 

Vale completes Moatize sale to Mitsui, appoints new CEO

By: Henry Lazenby     Updated 15 minutes ago Brazilian major miner Vale has completed the sale of its interest in the Mozambique-based Moatize coal project to Japanese miner Mitsui & Co, receiving an initial payment of $733-million of the $770-million all-scrip transaction. The remaining amount will be paid after the financing for the... 

Agnico sells $220m stock to single US institutional investor

By: Henry Lazenby     Updated 37 minutes ago Dual-listed Canadian gold producer Agnico Eagle Mines has agreed to issue and sell five-million of its common shares directly to an institutional investor in the US at a price of $43.97 apiece, for total payment of about $220-million. Toronto-based Agnico said it will use the net proceeds of the... 

Turquoise Hill stocks pop despite narrower FY profit, lower 2017 outlook

By: Henry Lazenby     Updated 1 hour 49 minutes ago The NYSE-listed stock of Rio Tinto subsidiary Turquoise Hill Resources rose sharply after market close Monday, gaining nearly 6% to $3.24 a share, following the company reporting a full-year profit and positive production outlook. In 2016, the Turquoise Hill, recorded net income attributable to... 

Turquoise Hill stocks pop despite narrower FY profit, lower 2017 outlook
Photo by Turquoise Hill Resources
Oyu Tolgoi, Mongolia

Osisko Gold Royalties picks up 0.75% Cariboo NSR from Barkerville

By: Henry Lazenby     Updated 2 hours 50 minutes ago TSX-V-listed Barkerville Gold Mines has sold another 0.75% net smelter return (NSR) royalty on its flagship Cariboo gold project, in in central British Columbia, to TSX-listed Osisko Gold Royalties for C$12.5-million in cash. Following the transaction, Osisko’s total NSR royalty will be 2.25%,... 

Dominion Diamond Corp up for sale in wake of $1.1bn offer

By: Henry Lazenby     Updated 3 hours ago Canada’s largest diamond producer Dominion Diamond Corp has launched a formal process that could include the sale of the company or other strategic transactions. The announcement on Monday follows a $1.1-billion unsolicited bid in February by Montana-based Washington Companies, a group of... 

Dominion Diamond Corp up for sale in wake of $1.1bn offer
Photo by Dominion Diamonds
Dominion Diamond Corp's Ekati mine, Northwest Territires

Erin Energy enters farm-out agreement over two oil blocks in The Gambia

By: Megan van Wyngaardt     27th March 2017 Dual-listed Erin Energy Corporation has entered into a definitive farm-out agreement with ASX-listed oil and gas company FAR, which will acquire an 80% interest and operatorship of Erin’s offshore A2 and A5 blocks in The Gambia. Erin Energy will retain a 20% working interest in both blocks. 

DA to ask public protector to investigate Eskom acting CEO’s R1bn deals to stepdaughter

By: African News Agency      27th March 2017 The Democratic Alliance will ask Public Protector Busisiwe Mkhwebane to launch an investigation into Eskom acting CEO Matshela Koko for allegedly awarding tenders worth R1-billion to Impulse International, a company of which his stepdaughter is a director, the party said on Sunday. “Impulse... 

DA to ask public protector to investigate Eskom acting CEO’s R1bn deals to stepdaughter
Photo by Duane Daws
Eskom acting CEO Matshela Koko

11 killed in two gold mine accidents in central China – Xinhua

By: Reuters     27th March 2017 Accidents at two neighbouring gold mines in central China's Henan province killed 11 people on Friday, the official Xinhua news agency reported, citing local authorities. Thick smoke engulfed a pit at the Qinling gold mine of China National Gold Group in Lingbao City on Friday morning, trapping... 

Glencore to halt operations at two Australian coal mines due to cyclone

By: Reuters     27th March 2017 Glencore said on Monday it was halting operations at its Collinsville and Newlands coal mines in Australia ahead of Cyclone Debbie's arrival in northern Queensland on Tuesday. "We are preparing to temporarily suspend production at our Collinsville and Newlands coal mines but do not envisage any... 

BHP Billiton shuts South Walker Creek coal mine ahead of Cyclone Debbie arrival

By: Reuters     27th March 2017 Mining giant BHP Billiton said on Monday it was suspending operations at its South Walker Creek coal mine in Queensland with Cyclone Debbie expected to bear down on Australia on Tuesday close to the site. "BHP Billiton Mitsui Coal (BMC) South Walker Creek Mine is close to the official warning... 

Pilbara granted native vegetation clearing permit

By: Esmarie Swanepoel     27th March 2017 Lithium developer Pilbara Minerals has received the first of two environmental approvals for its Pilgangoora lithium-tantalum project, in Western Australia. The ASX-listed company on Monday announced that it was granted its native vegetation clearing permit. 

Avanco sets A$10.6m Brazil exploration budget

By: Esmarie Swanepoel     27th March 2017 The board of ASX-listed junior Avanco Resources has approved a A$10.6-million exploration budget for this year, to focus on its Brazilian projects. “Over the last decade, Avanco has accumulated an exciting portfolio of projects and tenements in the Carajas, a premier mineral province for the... 

Australian magnetite drawing more Chinese interest

By: Esmarie Swanepoel     27th March 2017 The South Australian Magnetite Consortium has inked another sale and purchasing letter of intent (LoI), this time with Chinese steel company Sha Steel, for the acquisition of two-million tonnes a year of iron-ore concentrate for sinter feed blends. ASX-listed Magnetite Mines chairperson Gordon... 

Orinoco gets new COO

By: Esmarie Swanepoel     27th March 2017 Brazil-focused gold miner Orinoco Gold has appointed Craig Dawson as COO, effective immediately. He has more than 30 years experience in the Australian and international mining industry and has held senior operational positions at a number of midtier and global mining companies, including GM at... 

Glencore bond tanks and scuppers Anglo's return

By: Reuters     25th March 2017 Anglo-Swiss miner Glencore sold its first US dollar bond in two years on Tuesday, but the deal tumbled after pricing as a global sell-off added to a backlash against the deal's tight spread. The $1-billion ten-year trade is the company's first since April 2015, and follows a recovery in... 

Escondida outcome seen as disaster for BHP as workers return

By: Reuters     25th March 2017 The end of a historic strike at Chile's Escondida copper mine, the world's biggest, has left its owner, BHP Billiton, nursing an estimated $1-billion loss and probably in a weaker position for negotiations in a year or so, company and industry insiders said. On Thursday, the 2 500-member union... 

Brazil's Vale says US court annuls most of class action over dam disaster

By: Reuters     25th March 2017 Brazilian miner Vale said on Friday the US District Court for the Southern District of New York annulled the majority of a class action lawsuit against the company and executives over the collapse of a tailings dam in Brazil in 2015. The only parts of the case that remain ongoing are linked to... 

Klondex to lift FY17 output 36%

By: Henry Lazenby     25th March 2017 Gold and silver producer Klondex Mines has forecast a 36% year-on-year increase in output for 2017, after producing a record 151 007 gold equivalent ounces (GEOs) from its Nevada operations last year, exceeding the high end of management's guidance range. "We expect to produce between 210 000 and... 

Trump wastes no time to approve TransCanada’s Keystone XL pipeline

By: Henry Lazenby     24th March 2017 US President Donald Trump on Friday issued a Presidential Permit, approving the construction of TransCanada’s long-delayed $8-billion Keystone XL (KXL) pipeline. “TransCanada will finally be allowed to complete this long overdue project with efficiency and with speed. We're working out the final... 

Trump wastes no time to approve TransCanada’s Keystone XL pipeline

Govt to ‘amend and relax’ laws for small-scale miners in bid to combat illegal mining

By: Ilan Solomons     24th March 2017 JOHANNESBURG ( –  The Department of Mineral Resources (DMR) will “amend and relax” some of its conditions in issuing mining permits to small-scale miners, Mineral Resources Deputy Minister Godfrey Oliphant said on Friday. The Deputy Minister was speaking following the conclusion... 

Govt to ‘amend and relax’ laws for small-scale miners in bid to combat illegal mining
Mineral Resources Deputy Minister Godfrey Oliphant

Transnet offers voluntary severance packages to staff

By: Megan van Wyngaardt     24th March 2017 Transnet on Friday confirmed that it is offering voluntary severance packages (VSPs) to its management and bargaining unit employees to streamline its business and ensure the group’s long-term sustainability. The parastatal cited subdued global economic growth, including a weak economic outlook... 

Transnet offers voluntary severance packages to staff

Goodlace joins Kumba board

By: Natasha Odendaal     24th March 2017 Former Impala Platinum CEO Terence Goodlace has joined the board of JSE-listed Kumba Iron Ore as independent nonexecutive director with immediate effect. Goodlace also previously held the post of Metorex CEO and Gold Fields COO and executive VP and head of the international operations. Currently,... 

Water scarcity rewiring mining companies’ approach to shared water use

By: Megan van Wyngaardt     24th March 2017 The threat of ongoing water scarcity represents a significant opportunity to the mining and metals sector, as companies seek solutions to improve water security and sanitation, a new report from the International Council of Mining and Metals (ICMM) and the International Finance Corporation (IFC),... 

CRG raises funds for working capital, concentrator circuit

By: Megan van Wyngaardt     24th March 2017 Central Rand Gold (CRG) has raised £300 000 through the issue of 60-million new ordinary shares at an issue price of 0.5p apiece. The proceeds will be used for working capital and building a 60 000 t/m concentrator circuit aimed at upgrading the gold grade of mine waste dumps materials before... 

Reviving king of gold means getting mine workers off their knees

By: Bloomberg     24th March 2017 During his early years as a miner in South Africa, Joas Mahanuque spent six hours a day on his knees drilling for Impala Platinum Holdings Ltd. The dust-filled tunnels half a mile underground were too low for him to stand, and temperatures reached 105 degrees Fahrenheit (40 degrees Celsius).... 

Miners regain mojo to spark $18bn in exploration hunt

By: Bloomberg     24th March 2017 A rebound in exploration by global miners could see spending hit $18-billion by 2025 with China the front runner in the search for a new generation of giant discoveries. Exploration budgets are rising after they plunged to an 11-year low of about $10-billion last year as mining companies slashed... 

Revised mine plan, updated reserves extend life of Shanta’s New Luika mine

By: Mia Breytenbach     24th March 2017 Aim-listed Shanta Gold has announced a revised mine plan for its New Luika gold mine, in Tanzania, for January 2017 to December 2023, as well as an updated reserve plan for the mine. The revised mine plan is expected to result in a 39% increase in forecast gold production for 2017 to 2023, from... 

Latest News  by  


Sponsored Post


Latest Videos and Audio

On-The-Air (24/03/2017)

Gold mining operations need to transform into 'mines of the future'

Resources Watch

IDC to support R&D of low-energy technology

Master Drilling boasts strong order book

Vedanta already turning Anglo’s discarded zinc assets to account

On-The-Air (17/03/2017)

Take community engagement seriously, ARM’s Motsepe advises


Services News

Consulting Engineers

Contract Mining

Crushing and Screening

Drilling and Tunnelling


Energy Services


Furnaces and Kilns

Materials Handling




Company Announcements


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