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Latest News

Merafe Resources says output from joint venture with Glencore up 20%

By: African News Agency      Updated 9 minutes ago Mining company Merafe Resources said on Friday its ferrochrome production from the Glencore Merafe Chrome Venture for the third quarter ended 30 September 2018 increased by 20% to 84 000 t compared with the same period in 2017. Merafe said the increase was as a result of less planned maintenance... 

Gold merger will create industry 'superpower'

By: Rebecca Campbell     Updated 1 hour 25 minutes ago The merger between Barrick Gold (domiciled in Canada and dual-listed on the New York and Toronto stock exchanges) and Randgold Resources (domiciled in Jersey and dual-listed on the London and Nasdaq stock exchanges), announced last month and still awaiting shareholder and regulatory approvals,... 

Sheffield warns of A$115m Thunderbird cost blowout

By: Esmarie Iannucci     Updated 2 hours 14 minutes ago Mineral sands developer Sheffield Resources has warned of a cost blow-out at its Thunderbird project, in Western Australia, of some A$115-million. The company on Friday said that the Stage 1 capital cost for the Thunderbird project was expected to be some A$463-million, compared with the... 

Sheffield warns of A$115m Thunderbird cost blowout

Kenya to establish gold refinery in bid to boost mining revenue

By: Bloomberg     Updated 2 hours 29 minutes ago Kenya is seeking consultants for a feasibility study on a planned gold refinery in the East African nation’s western town of Kakamega, in a bid to boost earnings by small-scale miners. “The aim of the project is to improve the livelihoods of the beneficiary community, regional economy and that of... 

Arc exits Indonesia JV to focus on Ontario project

By: Esmarie Iannucci     Updated 2 hours 35 minutes ago ASX-listed junior Arc Exploration has inked a binding sales agreement to divest of its joint venture (JV) interest in the Trenggalek copper/gold project, in East Java, Indonesia. The company has sold its interest to JV partner PT Sumber Mineral Nusantara for A$100 000, saying on Friday that the... 

Acacia Mining threatens to invoke investment treaty in Tanzania dispute

By: Reuters     Updated 2 hours 45 minutes ago Acacia Mining said on Friday it would seek direct dialogue with Tanzania over a long-running tax dispute and threatened to invoke a bilateral investment treaty should a settlement not be reached. Acacia's parent Barrick Gold has been negotiating with the Tanzanian government on behalf of... 

Kibo Energy says submits documents in bid for Tanzania coal to power project

By: African News Agency      Updated 2 hours 47 minutes ago Africa-focused energy company Kibo said on Friday it had submitted its formal tender qualification document to the Tanzania Electricity Supply Company (Tanesco) for the Mbeya coal to power project, in line with the government’s new initiative to develop independent power projects. "Our visionary... 

Paladin revenue drops sharply as Namibia mine shuts down

By: Esmarie Iannucci     Updated 2 hours 49 minutes ago ASX- and TSX-listed Paladin Energy has reported $6.6-million in revenue for the quarter ended December, from the sale of 267 423 lb of uranium oxide (U3O8). The quarterly sales results compared with the $23.6-million in revenue generated from the sale of 1.14-million lb U3O8 in the previous... 

De Beers eyes tech markets for synthetic diamonds future

By: Reuters     Updated 2 hours 54 minutes ago Anglo American unit De Beers is going after lucrative, but elusive high-tech markets in quantum computing, as it aims to expand its lab-grown diamond business beyond drilling and cutting. Element Six, De Beers' synthetic diamond arm, is building a $94-million factory in Portland, Oregon, an... 

De Beers eyes tech markets for synthetic diamonds future

Ramelius outlines merits of its offer for Explaurum

By: Esmarie Iannucci     Updated 2 hours 58 minutes ago Gold miner Ramelius Resources has extended the deadline for its takeover offer of Western Australian explorer Explaurum until November 23, arguing that its takeover offer had merit. Ramelius in September launched an all-scrip bid for Explaurum, offering one of its own shares for every four... 

Mike Eksteen reflects on twenty-fifth anniversary of Kloof Gold accident

By: Nadine James     Updated 3 hours ago October 13 marked the twenty-fifth anniversary of the successful rescue of 150 miners trapped 3 km underground at the Kloof Gold Mine No. 3 sub shaft, in Westonaria, west of Johannesburg. Former Kloof Gold Mine GM Mike Eksteen, who helmed one of the most successful mine rescue operations in South... 

Mike Eksteen reflects on twenty-fifth anniversary of Kloof Gold accident
Photo by Nadine James
Dirk Albrecht & Mike Eksteen

Verdant gains enviro nod for NT phosphate project

By: Esmarie Iannucci     Updated 3 hours ago The Northern Territory’s Environment Protection Authority has approved ASX-listed Verdant Minerals’ environmental impact assessment (EIA) for its Ammaroo phosphate project. MD Chris Tziolis said on Friday that the approval of the EIA was a major milestone for the company, providing Verdant with... 

Wolf Minerals UK to be wound up

By: Creamer Media Reporter      Updated 3 hours ago Embattled tungsten miner Wolf Minerals UK will be wound up under the UK Insolvency Act, while all directors of the company have resigned, with immediate effect. Wolf went into voluntary administration last week after failing to secure funding to meet its short-term working capital requirements... 

Amid falling platinum prices, PGM miners upping chrome ore production to improve profitability

By: Nadine James     Updated 4 hours ago Some platinum group metals (PGM) producers have become large producers of chrome ore to improve their profitability, says Kagiso Asset Management investment analyst Mandi Dungwa. South Africa is the world’s largest chrome producer, delivering more than half of the global ore supply in 2017, with... 

Amid falling platinum prices, PGM miners upping  chrome ore production to improve profitability

Mining Weekly iPhone and Android Apps available for free download 

19th October 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

Motsoaledi calls on mining industry to provide healthy working environment 

By: Simone Liedtke     18th October 2018 It is estimated that more than one-million former mineworkers, who are in need of medical assessments and treatments, are without access to health services, Health Minister Dr Aaron Motsoaledi told delegates at the Mine Health and Safety Summit, held in Benoni, on Thursday. He said that, with the... 

Scotgold provides planning update, French unit be liquidated

By: Mariaan Webb     18th October 2018 Aim-listed Scotgold on Thursday expressed its hope that the Loch Lomond and the Trossachs National Park Planning Authority (NPA) would soon announce a formal decision on the Cononish gold and silver project. The company said that it had worked with the NPA to secure all the necessary agreements... 

Alibaba’s Jack Ma to speak at Ramaphosa’s Investment Conference dinner 

By: Terence Creamer     18th October 2018 Chinese tech sensation Jack Ma will deliver the keynote speech at a dinner to be hosted by President Cyril Ramaphosa on October 26 as part of the inaugural South Africa Investment Conference. The conference will take place at the Sandton Convention Centre, in Gauteng, from October 25 to 27, in... 

Alibaba’s Jack Ma to speak at Ramaphosa’s Investment Conference dinner
Jack Ma

Shanta revises FY18 production guidance lower

By: Creamer Media Reporter      18th October 2018 Aim-listed Shanta Gold has revised its production guidance for the full-year to about 80 000 oz of gold, compared with the previously targeted 82 000 oz to 88 000 oz, as a result of lower-than-expected mine grades, which have impact on production and increased the per unit cost. The gold miner,... 

August mining production down 9.1% y/y

By: Creamer Media Reporter      18th October 2018 South Africa’s mining production decreased by 9.1% year-on-year in August, Statistics South Africa reported on Thursday. The decrease was driven by lower output in the iron-ore, gold and platinum group metals (PGMs) sectors. 

Freeport earns into project near Codelco's Chuquicamata

By: Mariaan Webb     18th October 2018 Base metals junior Solaris Copper, which was recently spun out of Equinox Gold, reported on Thursday that US miner Freeport McMoRan would earn up to 80% in its early stage Ricardo property, in Chile. Freeport would be required to incur gross expenditures of $130-million or $30-million plus the... 

Highland ups Sept quarter production

By: Mariaan Webb     18th October 2018 Aim-listed Highland Gold, which operates the Mnogovershinnoye (MNV), Novoshirokinskoye (Novo) and Belaya Gora mines in Russia, boosted its September quarter output by 4.4% year-on-year to 74 826 oz of gold and gold equivalent. Its nine-month output came to 203 747 oz and the company reported on... 

Getting Africa fit for the future requires good governance – Africa Forum

By: Marleny Arnoldi     18th October 2018 Law firm Hogan Lovells Africa head and partner Andrew Skipper on Thursday opened the firm’s Africa Forum conference by stating that, in Africa, there is a combination of optimism and scepticism, but stressed that the available opportunities were enormous. “Currency, corruption and certainty need... 

Getting Africa fit for the future requires good governance – Africa Forum
Business Leadership South Africa CEO Bonang Mohale

Synfuels, manganese production train and Morila mine make headlines  

18th October 2018 This week Mining Weekly editor Martin Creamer unpacks South Africa’s synfuels know-how, Transnet’s manganese production train and Morila mine’s agribusiness conversion. 

Synfuels, manganese production train and Morila mine make headlines
Synfuels, manganese production train and Morila mine make headlines

Increased urgency to improve mine health, safety – Mantashe 

By: Simone Liedtke     18th October 2018 The increase in mining fatalities in South Africa’s mining sector over the past two years has increased the urgency of improving health and safety in the sector, Mineral Resources Minister Gwede Mantashe said on Thursday. Speaking at the opening of the Mine Health and Safety Summit, in Benoni, he... 

Increased urgency to improve mine health, safety – Mantashe
Mineral Resources Minister Gwede Mantashe

Resources Watch  

18th October 2018 Plea for government to awaken to massive economic potential of mining and, Chinese delegation to witness proudly South African logging system 

Resources Watch
Resources Watch

Iamgold invests in blockchain-based gold system

By: Creamer Media Reporter      18th October 2018 Gold miner Iamgold has joined fellow gold miner Yamana Gold and other partners, including Sprott and Valcambi, in investing in technology company Emergent Technology Holdings (EmTech), which uses blockchain technology to track the provenance of responsibly sourced gold. EmTech's Responsible... 

South African slump batters smaller neighbours protecting rand peg

By: Bloomberg     18th October 2018 South Africans aren’t the only ones struggling through the country’s economic slump. The fortunes of Lesotho, Namibia, and eSwatini, formerly known as Swaziland, are beholden to developments in their larger neighbor with their exchange rates pegged to the rand, the worst-performing major currency... 

Alkane reconsiders Peak Hill

By: Esmarie Iannucci     18th October 2018 ASX-listed Alkane Resources is considering the development of an underground operation at its Peak Hill gold mine, some 15 km from its Tomingley gold project, in New South Wales. The junior company said on Thursday said that an inferred mineral resource of 1.02-million tonnes, grading 3.29 g/t... 

Euro Manganese reveals site of Czech manganese process plant

By: Creamer Media Reporter      18th October 2018 Canadian junior Euro Manganese (EMM) has secured the right to a parcel of industrial zoned land adjacent to the Chvaletice manganese tailings project, where the company plans to build its high-purity manganese processing facility. The 19.94 ha land will be acquired through EP Chvaletice (EPCS),... 

Zambia's finance minister says new mining taxes will not hit operations

By: Reuters     18th October 2018 Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes in Africa's No.2 copper producer, its finance minister said on Wednesday. Zambia plans to introduce new mining duties, replace Value Added Tax with sales tax and increase... 

Pacton mulling milling options

By: Esmarie Iannucci     18th October 2018 ASX-listed junior Artemis Resources has entered into a strategic processing alliance with TSX-V listed Pacton Gold, leveraging opportunities at Artemis’ Radio Hill operations, in Western Australia. Pacton told shareholders on Thursday that the Radio Hill processing facility provided the... 

Sales and production soar at Woodside

By: Esmarie Iannucci     18th October 2018 Australia’s Woodside Petroleum has seen an increase in both production and sales revenues for the third quarter, as its Wheatstone liquefied natural gas (LNG) project continued to contribute strongly to operations. “Production at Wheatstone LNG continued ahead of plan, underpinning a 13.8% rise... 

Falling grades bring down Mt Cattlin production - Galaxy

By: Esmarie Iannucci     18th October 2018 Lithium miner Galaxy Resources has seen a 35% fall in production during the September quarter, as grades at the Mt Cattlin operation, in Western Australia, declined. Lithium concentrate production during the third quarter reached 31 156 t, down from the 47 901 t produced in the previous quarter. 

Volt granted graphite mining licence in Tanzania

By: Esmarie Iannucci     18th October 2018 ASX-listed Volt Resources has been granted two mining licences covering the Stage 1 and Stage 2 developments of its Bunyu graphite project, in Tanzania. The Stage 1 development is based on a mining and processing plant throughput rate of 40 000 t/y of ore to produce on average 23 700 t/y of... 

Santos revenue jumps on higher oil price, volume growth

By: Esmarie Iannucci     18th October 2018 Oil and gas major Santos has reported a 6% increase in production during the third quarter ended September, while sales revenue increased by 10%. “Santos’ third-quarter results serve to highlight the benefits of a cash generative core asset portfolio and our low-cost, disciplined operating... 

Kwale expansion delivering results for Base

By: Esmarie Iannucci     18th October 2018 Minerals sands miner Base Resources has reported a 35% increase in mined tonnes during the three months to September, following the successful implementation of the Kwale Phase 2 mine optimisation project, at its operation in Kenya. The Kwale project produced a record 25 125 t of rutile and 9 683... 

Perseus on track for full-year production

By: Esmarie Iannucci     18th October 2018 Dual listed gold miner Perseus Mining is on track to achieve its full year production targets after another strong quarter in the three months to September. The ASX- and TSX-listed company produced 72 477 oz of gold in the quarter under review, compared with the 83 881 oz produced in the June... 

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