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RBCT CEO to stand down

By: Martin Creamer     24th May 2016 Richards Bay Coal Terminal (RBCT) CEO Nosipho Siwisa-Damasane will be stepping down after four years at the helm. RBCT said on Tuesday that GM finance Alan Waller would be taking over as CEO from July 1, when GM strategy and compliance Casper Mbuyazi would assume the finance role. 

Anglo American Zimele, Jobs Fund support agricultural entrepreneurs

     24th May 2016 Anglo American’s enterprise development arm Zimele has collaborated with the National Treasury’s Jobs Fund to support the establishment of 490 agricultural entrepreneurs through projects such as the Lambasi agricultural initiative – a jointly owned farming operation trading as Fundirite, in the... 

New highly profitable acid mine water solution unveiled

By: Martin Creamer     24th May 2016 A process has been developed that yields handsome profits by converting acid mine water into valuable fertiliser materials. The process, which purifies the water free of charge, removes all of the total dissolved solids and converts them into saleable products. 

New highly profitable acid mine water solution unveiled
Photo by Duane Daws
Trailblazer director John Bewsey (right) and Martin Creamer

Unionised employees strike at Kinross Gold’s Mauritania mine

By: Samantha Herbst     24th May 2016 Following a strike notice issued earlier this month, unionised employees at Kinross Gold's Tasiast mine, in Mauritania, on Tuesday embarked on strike action. Kinross said in a statement that it remained open to restarting negotiations on a new collective agreement and to resolve other outstanding... 

Sarama acquires Bondi gold deposit

By: Anine Kilian     24th May 2016 TSX-listed Sarama Resources has signed a binding heads of agreement with gold producer Orezone Gold to to acquire its Bondi gold deposit, which is near Sarama’s South Houndé project, in south-western Burkina Faso. The South Houndé and Karankasso projects were located 30 km from Bondi, presenting... 

Sarama acquires Bondi gold deposit

Diamcor expects to complete additional boreholes at Krone-Endora by end-June

     24th May 2016 TSX-V-listed Diamcor Mining expects to have four additional boreholes at its Krone-Endora at Venetia project, in South Africa’s Limpopo province, completed by the end of the June quarter. This followed the award, last month, of a 15-year water-use licence, granting the company permission to... 

Oil and gas discoveries at 64-year low as price slump hits exploration budgets

By: Creamer Media Reporter      24th May 2016 Conventional oil and gas discoveries outside North America have fallen to the lowest level since 1952, with recoverable resources of only 12-billion barrels of oil equivalent having been discovered in 2015. Analysis from NYSE-listed IHS, which was published on Tuesday, showed that the volume of... 

Indonesia renews Newmont Mining's copper export licence for six months

By: Reuters     24th May 2016 Indonesia's mining ministry recommended renewing the export licence for the local unit of US copper and gold miner Newmont Mining Corp to export copper concentrate for the next six months, a ministry official said on Tuesday. Newmont, Indonesia's second-biggest copper miner, will be allowed to... 

Pit collapse kills at least 13 in Myanmar jade-mining district

By: Reuters     24th May 2016 A collapse at an illegal mine killed at least 13 people in Myanmar's northern Kachin State, a resident involved in rescue efforts said on Tuesday, the latest in a series of deadly accidents to hit the jade-mining area. The wall of the pit in Weikha Village in Hpakant, the centre of the opaque... 

Aggressive drilling programme under way at Gascoyne’s Dalgaranga

By: Samantha Herbst     24th May 2016 Following the completion of a prefeasibility study of its 80%-owned Dalgaranga gold project earlier this year, which proved the project to be a robust development, ASX-listed gold hopeful Gascoyne Resources on Tuesday announced that an aggressive drilling programme was currently under way at... 

Venezuela to rejoin global group fighting conflict diamonds

By: Reuters     24th May 2016 Venezuela expects to rejoin the global watchdog established to stop trade in conflict diamonds as it seeks to resume diamond exports, its central bank director said on Tuesday. "We are certain we will rejoin this year," Jose Khan told Reuters on the sidelines of an international meeting of the... 

Richland targets output beyond 800 000 ct a quarter from Q3

By: Creamer Media Reporter      24th May 2016 Aim-listed Richland Resources expects to ramp up production at its Capricorn Sapphire project, in Australia, to beyond 800 000 ct a quarter from the third quarter of this year. Richland was implementing various modifications and improvements to ensure consistent production above the 800 000 ct a... 

Rio Tinto appoints new technology and innovation head

By: Creamer Media Reporter      24th May 2016 Diversified miner Rio Tinto on Tuesday announced the appointment of Stephen McIntosh as acting group executive for technology and innovation to succeed Greg Lilleyman, who would leave the company after 25 years of service. McIntosh has been with Rio Tinto for almost 30 years. Most recently, he... 

APC’s Dartbrook mine has coal resource estimate of 1.2bn tonnes

By: Samantha Herbst     24th May 2016 ASX-listed junior Australia Pacific Coal (APC) has identified a total coal resource estimate of 1.2-billion tonnes at its New South Wales-based Dartbrook coal mine, confirming the newly acquired mine as one of the largest underdeveloped coal operations in the Hunter Valley. After last week’s move... 

APC’s Dartbrook mine has coal resource estimate of 1.2bn tonnes

Archer studies shared rail solution for Leigh Creek project

By: Mariaan Webb     24th May 2016 ASX-listed explorer Archer Exploration has signed a heads of agreement with Bowmans Intermodal to assess the feasibility of developing and sharing rail infrastructure at Leigh Creek, in South Australia. Archer reported on Tuesday that the proposed shared rail facility would be located adjacent... 

De Beers ‘encouraged’ by stable rough diamond demand

By: Creamer Media Reporter      24th May 2016 Although De Beers’ rough diamond sales were lower for the fourth sales cycle of this year than in the third, the diamond miner said it was “encouraged by the continued stability of demand for rough diamonds”. De Beers sold about $630-million of diamonds in the fourth sales cycle up to May 23,... 

De Beers ‘encouraged’ by stable rough diamond demand

Proposal to extend ‘water trigger’ to shale, tight gas unnecessary, says Appea

By: Samantha Herbst     24th May 2016 Australia’s Labor government on Tuesday moved to extend the contentious ‘water trigger’ legislation to shale and tight gas projects. Introduced in 2013, the water trigger legislation was an amendment to the Environmental Protection and Biodiversity Conservation Act, which sought to protect water... 

Proposal to extend ‘water trigger’ to shale, tight gas unnecessary, says Appea

Auroch enters lithium sector with Tanzania project acquisition

By: Mariaan Webb     24th May 2016 Australia’s Auroch Minerals has entered the lithium sector with the acquisition of the Hombolo project, in Tanzania, as the company seeks to take advantage of the strong outlook for lithium from the battery market. Auroch, which recently sold its Manica gold project to Xtract Resources, had made... 

Transnet appoints chief information officer

     24th May 2016 Transnet has appointed Makano Mosidi chief information officer (CIO), effective June 1. Mosidi will report to group CE Siyabonga Gama in line with the group’s objective of ensuring that digitalisation is central to driving innovation efficiency and cost effectiveness across all operations. She is... 

IMX advances plans to list pure play graphite entity

By: Mariaan Webb     24th May 2016 Australia’s IMX Resources was advancing plans to restructure its Tanzanian assets, announcing on Tuesday that it had received conditional approval from the ASX to list its pure play, graphite-focused entity, Graphex Mining. The company, which would shortly announce an expected date for the... 

IMX advances plans to list pure play graphite entity

Peru declares mining-related emergency in remote part of Amazon

By: Reuters     24th May 2016 Peruvian President Ollanta Humala has declared a 60-day emergency in a remote part of the Amazon to curb high levels of mercury poisoning from rampant illegal gold mining, the country's environment minister said on Monday. A growing number of studies show that residents of the Madre de Dios... 

Peru declares mining-related emergency in remote part of Amazon

New Mexico sues EPA, mine owners over massive gold mine waste spill

By: Reuters     24th May 2016 New Mexico sued the US Environmental Protection Agency, an agency contractor and two mining companies on Monday over the 2015 breach of an abandoned Colorado gold mine that spilled some 3 million gallons of toxic wastewater into three states. The Gold King Mine rupture, which was accidentally... 

Bacanora raises $11.2m for Sonora lithium project

By: Samantha Herbst     23rd May 2016 TSX-V- and Aim-listed project developer Bacanora Minerals has raised $11.2-million for its Mexico-based Sonora lithium project, which is considered one of the largest lithium resources worldwide. Bacanora raised the funds through a share placement of 9.75-million shares at 79p a share, with... 

First permanent infrastructure being built at new DRC tin mine

By: Martin Creamer     23rd May 2016 The first permanent mining infrastructure is being built at the proposed new tin mine at Bisie, in the Democratic Republic of Congo (DRC), for which $130-million is being raised. Alphamin Resources CEO Boris Kamstra said the return airway drive being built would be used to acclimatise mining... 

First permanent infrastructure being built at new DRC tin mine
Photo by Duane Daws
Alphamin CEO Boris Kamstra

S&P's downgrade will tip South Africa into job-shedding recession, bank economist warns 

By: Terence Creamer     23rd May 2016 A downgrade of South Africa’s credit rating to junk was currently only partially priced in, a leading bank economist warned on Monday, arguing that a negative assessment by Standard & Poor’s (S&P’s) on June 3 would most probably trigger a recession and precipitate the shedding on around 200 000... 

S&P's downgrade will tip South Africa into job-shedding recession, bank economist warns
Photo by Duane Daws
Standard Bank chief economist Goolam Ballim

Workers at BHP Billiton's Spence mine in Chile go on 24-hr strike

By: Reuters     23rd May 2016 Workers at BHP Billiton's Spence mine in northern Chile went on a 24-strike on Monday due to a contractual dispute, a union official told Reuters. Workers there previously went on a 24-hour strike earlier in May, as the union demanded improvements in labour conditions and to protest alleged... 

Aureus hopes to resume New Liberty processing operations within weeks

By: Creamer Media Reporter      23rd May 2016 Dual-listed Aureus Mining expects to resume processing operations at its New Liberty gold mine, in Liberia, within two weeks, pending approval from the Liberia Ministry of Lands, Mines and Energy (MLME). The company earlier this month said it had temporarily suspended processing operations at the... 

Aureus hopes to resume New Liberty processing operations within weeks

Paringa finalises plans to develop Buck Creek No 2 mine ahead of No 1

By: Samantha Herbst     23rd May 2016 Coal developer Paringa Resources has successfully amended its coal sales contract with Louisville Gas & Electric and Kentucky Utilities (LG&E and KU), following its recent change in strategy to develop the Buck Creek No 2 mine ahead of the Buck Creek No 1 mine’s proposed 2.8-million-ton-a-year... 

India’s Hindustan Copper reduces capex to $59m

By: Ajoy K Das     23rd May 2016 India’s sole State-owned integrated copper producer Hindustan Copper Limited (HCL) has lowered its capital expenditure (capex) for the current financial year, owing to delayed clearances for reopening and expanding three of its captive copper mines. Data sourced from the government showed that... 

CIL implements new pricing strategy, slashes e-auction reserve price

By: Ajoy K Das     23rd May 2016 Reacting to oversupply pressures and rising stockpiles, Coal India Limited (CIL) has taken the first step to adjust the price of coal and meet the volume demand of consumers. In a significant change in pricing strategy, Western Coalfields Limited (WCL), a wholly owned subsidiary of CIL, has... 

Diatreme advances environmental approval for WA zircon project

By: Mariaan Webb     23rd May 2016 The environmental approval for what is potentially the Eucla basin in Western Australia’s largest undeveloped zircon project is expected by the end of next month. ASX-listed Diatreme Resources reported on Monday that Western Australia’s Environmental Protection Authority (EPA) had issued draft... 

Arafura submits environmental impact statement for Nolans project

By: Samantha Herbst     23rd May 2016 ASX-listed rare earths company Arafura on Monday submitted the environmental impact statement (EIS) for its Nolans rare earths project to the Northern Territory Environment Protection Authority (NTEPA), which the company highlighted as a significant milestone for the Nolans project. The EIS,... 

Caeneus to move ahead with US lithium buy

By: Mariaan Webb     23rd May 2016 Australia’s Caeneus Minerals reported on Monday that it had completed its due diligence investigation into two lithium projects in the US and that it would proceed with the acquisition. The company stated that it would call a shareholder meeting to seek approval for the acquisition of Nevada... 

Gemfields achieves another successful emerald auction

By: Creamer Media Reporter      23rd May 2016 The latest auction of emeralds recovered at Aim-listed Gemfields’ 75%-owned Kagem mine, in Zambia, has generated revenues of $14.3-million, pushing the mine’s overall revenues for the financial year to date above $100-million. Of the 3.67-million carats of lower-quality emeralds put on offer, 76%... 

Gemfields achieves another successful emerald auction

Jindalee acquires Australia’s third largest magnesite deposit

By: Mariaan Webb     23rd May 2016 Exploration firm Jindalee has acquired exploration licence EL5/2016 covering the Arthur River and Lyons River magnesite deposits, in Tasmania, which used to belong to coal miner Beacon Hill. Jindalee stated on Monday that the area covered by EL5/2016 contained Australia’s third-largest inventory... 

Azure raises A$15m for Mexico project

By: Mariaan Webb     23rd May 2016 ASX-listed Azure Minerals has secured A$15-million to advance exploration and development studies at the Alacrán silver and gold project, in Mexico. The company reported on Monday that it would issue 395-million shares at A$0.038 to institutional and sophisticated investors in two tranches. One... 

Arrium recap and sales process to be completed by year-end

By: Mariaan Webb     23rd May 2016 The recapitalisation and sale of collapsed Australian mining and steel group Arrium’s assets would be largely completed by the end of the year, the company’s administrator reported on Monday. The recapitalisation and sales process would start in July and was expected to attract “genuine interest”... 

Arrium recap and sales process to be completed by year-end
Arrium's mining consumables business incorporates Moly-Cop, which will be put up for sale.

New online floor plan launched for Electra Mining Africa 2016

     23rd May 2016 For the first time, this year Creamer Media introduced an interactive floor plan and exhibitor listing for Electra Mining Africa 2016, taking pace from 12 to 16 September. The floor plan and exhibitor listing will be hosted on MiningWeekly.com.  

New online floor plan launched for Electra Mining Africa 2016
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