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Latest News

Strike impacts Freeport's Grasberg mine, workers 'resigned'

By: Reuters     Updated 2 hours 6 minutes ago Freeport McMoRan said on Thursday that mining and milling rates at its Grasberg copper mine, in Papua, Indonesia, have been affected as some 9 000 workers stage an extended strike, and a "large number" of approximately 4 000 absentee workers were deemed to have resigned. Escalating tensions with... 

Copper miner Atalaya reports ‘strong’ Q1 performance

By: Mariaan Webb     Updated 5 hours ago Spanish copper miner Atalaya Mining produced 8 805 t of copper in concentrate in the first quarter of 2017, which is in line with its output of the previous quarter. The company is one of Europe’s newest copper producers and operates the Proyecto Riotinto openpit mine, where commercial production... 

Orion continues Prieksa drilling programme

By: Megan van Wyngaardt     Updated 5 hours ago ASX-listed Orion Minerals on Thursday said its Prieska zinc-copper project, which it acquired in March, has delivered positive results from its ongoing deep sulphide target drilling programme. Orion is targeting dip and strike extensions to historical underground mining areas at the project, with... 

CompCom approves AMSA’s buyout of Thabazimbi mine

By: Megan van Wyngaardt     Updated 5 hours ago The Competition Commission has recommended the Competition Tribunal approve ArcelorMittal South Africa’s (AMSA’s) proposed acquisition of the Thabazimbi mine, in Limpopo. Kumba Iron Ore in February agreed to transfer the mine to AMSA. Until 2014, the mine was a captive mine owned and run by Kumba... 

Premier’s RHA mine ships first concentrate

By: Natasha Odendaal     Updated 5 hours ago Multicommodity resource and development company Premier African Minerals is preparing to mark its first shipment of wolframite concentrate from the newly upgraded plant at its RHA tungsten mine, in Zimbabwe, to Durban, South Africa. This followed the Aim-listed group’s receipt of all the required... 

Forevermark celebrates diamond inscription milestone

By: Megan van Wyngaardt     Updated 5 hours ago The De Beers’ Forevermark diamond brand has inscribed its two-millionth diamond – a 3.48 ct round brilliant, bearing ‘2,000,000’. The diamond was mined, cut and polished in Namibia and inscribed at the Forevermark Diamond Institute in Surat, India. It will be set in a piece of jewellery at the... 

Forevermark celebrates diamond inscription milestone

Chamber heads for new beginning 

     Updated 5 hours ago The Chamber of Mines of South Africa is rethinking its identity and name and has elected Mxolisi Mgojo its new president. Mining Weekly editor Martin Creamer joins senior deputy editor Tracy Hancock in studio to discuss this news. 

Chamber heads for new beginning
Chamber heads for new beginning

Miranda Mineral Holdings to sell noncore Sesikhona Klipbrand colliery

By: Megan van Wyngaardt     Updated 6 hours ago JSE-listed Miranda Mineral Holdings, together with its wholly-owned subsidiary Miranda Coal, will sell its 73% shareholding in Sesikhona Klipbrand colliery, in KwaZulu-Natal, to Osho SA Coal for R5-million, payable in two tranches. The parties are currently involved in litigation arising from the... 

Cabinet approves review of mining charter changes

By: Reuters     Updated 6 hours ago South Africa's Cabinet said on Thursday it has approved for publication a review of revisions to its charter for the mining sector, a process that was supposed to have been done months ago raising concerns about policy uncertainty in the industry. "Mineral Resources Minister Mosebenzi Zwane will... 

Mines Ministry hails India’s satellite-based illegal mining monitoring a success

By: Ajoy K Das     Updated 6 hours ago India’s satellite-based Mining Surveillance System (MSS), launched in 2016, has been “very successful” in triggering alerts on possible illegal mining across the country, the Mines Ministry has said in a paper prepared on illegal mining. The Mines Ministry states that the system, operated by... 

Anglo Asian returns to profitability

By: Mariaan Webb     Updated 7 hours ago Base and precious metals producer Anglo Asian Mining has returned to profitability, as the company’s production profile is evolving into one in which copper is playing an increasingly significant role. The Aim-listed miner, which has operations in Azerbaijan, doubled its copper production from... 

Anglo Asian returns to profitability

Brown to set up Eskom corruption probe headed by retired judge

By: Terence Creamer     25th May 2017 Public Enterprises Minister Lynne Brown has announced that she will institute a “broad scope” investigation into allegations of corruption currently hanging over State-owned electricity producer Eskom. The terms of reference and form of the investigation were still to be finalised, but Brown... 

Brown to set up Eskom corruption probe headed by retired judge
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

Resources Watch  

     25th May 2017 Implats trial of safety packed drill rig imminent; KZN coal mine supplying communities’ water needs and mulls output expansion; And, Golden Arrow, Silver Standard JV ‘a match made in heaven’ as explorer turns producer 

Resources Watch
Implats trial of safety packed drill rig imminent KZN coal mine supplying communities’ water needs and mulls output expansion And, Golden Arrow, Silver Standard JV ‘a match made in heaven’ as explorer turns producer

Arian Silver to step up lithium exploration, eyes acquisitions

By: Mariaan Webb     25th May 2017 London-headquartered Arian Silver is stepping up efforts to expand its lithium business, announcing on Thursday that it had raised £600 000, part of which will be used to assess the feasibility of additional lithium acquisitions. The company recently announced its interest in buying additional... 

Adani's $16.5bn Aussie mine rattled by tax deal delay

By: Bloomberg     25th May 2017 India’s Adani Group could walk away from its $16.5-billion Carmichael coal project in Australia unless a royalties deal can be reached with the state government, according to federal Resources Minister Matthew Canavan. The Queensland government’s failure to agree the terms of the royalty regime... 

Implats launches dual convertible bond offerings

By: Martin Creamer     25th May 2017 Platinum mining company Impala Platinum (Implats) on Thursday launched dual convertible bond offerings to enhance the company’s short-to-medium term liquidity and maintain its strong financial position. Johannesburg Stock Exchange-listed Implats, headed by new CEO Nico Muller, is offering up to... 

Implats launches dual convertible bond offerings
Photo by Duane Daws
Implats CEO Nico Muller

Savannah aims to tap into European lithium market with 'strategic' Portugal acquisition

By: Mariaan Webb     25th May 2017 Multicommodity company Savannah Resources has announced an agreement to buy a series of highly prospective lithium prospects in Portugal, including an advanced project,as the company seeks to tap into the world’s second-largest lithium market after China. As part of the transaction to buy a 75%... 

Savannah aims to tap into European lithium market with 'strategic' Portugal acquisition
The electric vehicle market is expected to drive demand for lithium.

LBMA launches code of conduct for precious metals markets

By: Reuters     25th May 2017 The London Bullion Market Association (LBMA) is launching a code of conduct aimed at boosting confidence in the $5-trillion a year London gold market, it said on Thursday, following years of heightened regulatory scrutiny of the city's financial sector. The guidelines set out best practice in... 

LBMA launches code of conduct for precious metals markets

Yancoal offers $710m for Mitsubishi’s stake in Hunter Valley mines

By: Esmarie Swanepoel     25th May 2017 ASX-listed Yancoal Australia has made a tag-along offer to acquire Mitsubishi Development’s 32.4% interest in the Hunter Valley operations for $710-million. The tag-along offer fulfilled Yancoal’s obligation to Mitsubishi under the sale and purchase agreement for Yancoal’s $2.45-billion buy of... 

Yancoal offers $710m for Mitsubishi’s stake in Hunter Valley mines

Peru FTA to unlock opportunities for Australian exporters

By: Esmarie Swanepoel     25th May 2017 The Minerals Council of Australia (MCA) has welcomed a possible free trade agreement (FTA) with Peru, saying Australia’s mining and mining services sectors could benefit from the agreement Australian Trade, Tourism and Investment Minister Steven Ciobo this week launched FTA negotiations with his... 

Ramelius unveils plans for next four years

By: Esmarie Swanepoel     25th May 2017 Gold miner Ramelius Resources has revealed a new life-of-mine (LoM) plan for its combined Mt Magnet and Vivien operations, in Western Australia, which will see the recovery of about 545 000 oz over four years, staring in 2018. The miner this week said that the updated production profile showed... 

Exterra's Second Fortune to produce 73 000 oz

By: Esmarie Swanepoel     25th May 2017 A feasibility study on the Second Fortune gold mine, in Western Australia, has found that the project could deliver some 73 000 oz over an initial two-year mine life. ASX-listed Exterra Resources on Thursday said that the study considered the development of a mine below the existing openpit... 

Kanmantoo offering Hillgrove more upside

By: Esmarie Swanepoel     25th May 2017 Copper/gold miner Hillgrove Resources has earmarked a number of organic growth opportunities which it will assess later in 2017, including an opportunity for near-mine growth at its Kanmantoo mine, in South Australia. An exploration target of between five-million and ten-million tonnes, with a... 

Australian Bauxite gets more Bald Hill orders

By: Esmarie Swanepoel     25th May 2017 ASX-listed Australian Bauxite has flagged interest from new customers, with the company telling shareholders it had received a letter of intent for a ‘significant shipment’ of cement grade bauxite from its Bald Hill bauxite mine, in Tasmania. The company was now in discussions with the customer... 

Coal India wins tax-cut boost as environmentalists fret

By: Reuters     25th May 2017 State-run Coal India Ltd , saddled with millions of tonnes of unsold coal, is expected to be the biggest beneficiary of a controversial government decision to more than halve the sales tax on the fuel after a jump in local supplies. The world's third-largest greenhouse gas emitting country said... 

Polish coal miner JSW returns to profit in first quarter

By: Reuters     25th May 2017 Poland's JSW, the European Union's biggest coking coal producer, reported on Wednesday it made a net profit of 864.53-million zlotys ($231.3-million) in the first quarter, thanks to a surge in coal prices and cost cutting. Analysts had expected JSW to report a net profit of 744-million zlotys,... 

Canada Strategic Metals gains Quebec district-scale greenstone belt land package

By: Henry Lazenby     25th May 2017 Junior explorer Canada Strategic Metals has acquired three new high-potential properties named Annabelle, Blanche and Charles, covering large greenstone belt districts on the Eastmain and La Grande volcanic belts, in the James Bay area of Quebec. The ground acquired covers more than 75 km2 of the... 

Teck Resources says does not expect snow melt to materially affect copper mine

By: Reuters     24th May 2017 Canadian miner Teck Resources does not expect a material impact on production at its Highland Valley copper unit because of unusual spring weather earlier in May, a spokesperson said on Wednesday. The Vancouver-based company said on May 7 that rapidly melting snow had caused water to flow into... 

Sibanye appoints Maziya as nonexecutive director

By: Henry Lazenby     24th May 2017 JSE- and NYSE-listed Sibanye Gold has appointed Savannah Maziya as a nonexecutive director following the resignation of Christopher Chadwick with effect from Tuesday. The South African multinational miner selected Maziya for her wealth of experience in the finance, mining, infrastructure and... 

NGO sues Guatemala mining Ministry for issuing Escobal licence

By: Henry Lazenby     24th May 2017 TSX- and NYSE-listed Tahoe Resources reported Wednesday that a Guatemala-based nongovernmental organisation (NGO) has filed a claim against the Guatemalan Ministry of Energy and Mines (MEM), alleging that the Ministry failed to consult with a local indigenous group before granting the mining... 

NGO sues Guatemala mining Ministry for issuing Escobal licence
Photo by Tahoe Resources
Escobal, Guatemala

Access to First Majestic’s La Encantada mine blocked by rogue protestors

By: Henry Lazenby     24th May 2017 A group of rogue unionised employees at First Majestic Silver’s La Encantada mine, in Mexico, has formed an illegal blockade, blocking access to the mine and forcing operations to a halt, the company reported Wednesday. These rogue workers cited disagreement with the most recent bonus pay-out,... 

Westhaven adds 2 738 ha land package to substantial BC landholdings

By: Henry Lazenby     24th May 2017 TSX-V-listed project developer Strongbow Exploration has agreed to sell its 65.74% interest in the Skoonka Creek gold property, located within the prospective Spences Bridge gold belt (SBGB), in British Columbia, to Westhaven Ventures. Strongbow's joint-venture partner on the Skoonka Creek... 

Glencore looking to expand agriculture business – CEO

By: Reuters     24th May 2017 Miner and trader Glencore is looking to expand its agriculture business via its partnership with two Canadian funds, the company's CEO said on Wednesday, but has no plans to move into any commodities it does not already trade. CEO Ivan Glasenberg was speaking a day after US grains trader Bunge... 

Oliphant on two-day visit to Vedanta zinc operations

By: Martin Creamer     24th May 2017 South Africa’s Deputy Mineral Resources Minister Godfrey Oliphant on Wednesday ended a two-and-a-half day visit to Vedanta Zinc International’s Black Mountain complex in the Northern Cape where he was able to take a detailed look at the developmental, operational and social components of the... 

Oliphant on two-day visit to Vedanta zinc operations
Photo by Duane Daws
Mineral Resources Deputy Minister Godfrey Oliphant

Mgojo elected president as chamber heads for new beginning, new name, rebranding

By: Martin Creamer     24th May 2017 It is an organisation that is more relevant today than it has ever been in its 128-year history. Its role is so much more than mining. It operates in a changing environment and needs to contemplate its own new identity and name. 

Mgojo elected president as chamber heads for new beginning, new name, rebranding
Photo by Duane Daws
New Chamber of Mines of South Africa president Mxolisi Mgojo

Wescoal’s Khanyisa Complex produces first coal

By: Megan van Wyngaardt     24th May 2017 JSE-listed Wescoal has received regulatory approval from the Department of Mineral Resources to start producing at its expanded Khanyisa colliery, in Mpumalanga. The company on Wednesday said mining activities have started in the Khanyisa Catwalk, as well as the adjacent Khanyisa Triangle areas... 

Sampling delivers positive results at Mkango’s Malawi project

By: Megan van Wyngaardt     24th May 2017 Recent sampling at dual-listed Mkango Resources’ Thambani heavy minerals project, in southern Malawi, has supported the project’s exploration potential, president Alexander Lemon said on Wednesday. He noted that not only were the uranium results highly encouraging, with assay results from 85 rock... 

IDC approves R218m loan for development of Free State natural gas project 

By: Terence Creamer     24th May 2017 South Africa’s State-owned Industrial Development Corporation (IDC) has approved R218-million in loan finance to support the further development of a natural gas resource in the Free State through the creation of a 107-km pipeline network and associated gas processing facilities. The funding,... 

IDC approves R218m loan for development of Free State natural gas project
Photo by Duane Daws
Renergen CEO Stefano Marani
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