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Latest News

South Africa's platinum sector 

18th January 2019 This week Mining Weekly editor Martin Creamer delves into the Platinum sector to discuss the low price and why hydrogen and a value-chain relationship rebuild is needed. 

MCA slams Northern Territory ‘mining tax grab’

By: Esmarie Iannucci     18th January 2019 The Minerals Council of Australia (MCA) has warned that jobs and investments in the resources sector were under threat from the Northern Territory government’s proposed Environment Protection Bill and Regulations. The draft legislation addresses the environmental impact assessment and approval... 

India mulls bringing natural gas under single unified tax regime

By: Ajoy K Das     18th January 2019 The Indian government has initiated moves to bring natural gas under the purview of Goods and Service Tax (GST) offering succor to a large number of gas-based power plants stranded by high-priced fuel. A Parliamentary committee on energy has batted in favour of including natural gas in the... 

Leagold outlines plans for expanded Los Filos mine

By: Creamer Media Reporter      18th January 2019 The Los Filos gold mine in Mexico that Leagold bought from Goldcorp almost two years ago has the potential to be expanded to 350 000 oz/y, the Canadian company reported this week, announcing the results of an expansion feasibility study. The study incorporates the potential for the development... 

Pérez de Solay takes over as MD at Orocobre

By: Esmarie Iannucci     18th January 2019 Lithium miner Orocobre has appointed Martin Pérez de Solay as MD, following the retirement of Richard Seville. Pérez de Solay has also formally started his duties as CEO.  

GBM adds to Mt Coolon resource

By: Esmarie Iannucci     18th January 2019 ASX-listed GBM Resources has updated the mineral resource estimate at its Mt Coolon gold project, in Western Australia, to include the Twin Hills gold deposits. A new Joint Ore Reserves Committee compliant mineral resource of 633 000 oz has been estimated for the two Twin Hill deposits,... 

UGL wins A$200m in service contracts

By: Esmarie Iannucci     18th January 2019 Project house CIMIC Group was expecting to generate revenue of around A$200-million from a range of new maintenance and service contracts in the Australian oil and gas sector. CIMIC on Friday reported that its subsidiary UGL had secured a maintenance and turnaround services contract with US... 

Ramelius extends Explaurum offer

By: Esmarie Iannucci     18th January 2019 Gold miner Ramelius Resources has extended its takeover for ASX-listed Explaurum until February 22, having obtained a 79.2% interest in the takeover target to date. The offer has been declared unconditional, and Explaurum directors have unanimously recommended that shareholders accept the offer. 

Geologist of Canadian/Aussie JV project murdered in Burkina Faso

By: Esmarie Iannucci     18th January 2019 ASX-listed Predictive Discovery has announced the death of a senior employee of its Canadian joint venture (JV) partner, Progress Minerals, at the Progress JV in Burkina Faso. Canadian geologist Kirk Woodman was kidnapped from an exploration camp in Burkina Faso on January 15, and his body was... 

Brazil general with mining link takes over indigenous agency

By: Reuters     18th January 2019 A retired Army officer who last year advised a Canadian company seeking to mine gold in the Amazon returned to the head of Brazil's indigenous rights agency on Thursday, vowing to improve the lives of the country's native peoples. General Franklimberg Ribeiro de Freitas had run the National... 

Cochilco keeps 2019 copper forecast at $3.05/lb amid trade war, Brexit

By: Reuters     18th January 2019 Chile's Cochilco state copper commission on Thursday maintained its average price prediction of $3.05/lb for 2019, rising to $3.08 for 2020, amid the continuing US-China trade war and further potential volatility because of Brexit. Cochilco said it saw production at 5.941-million tonnes for... 

Gamsberg set to trigger new wave of industrialisation in Northern Cape 

By: Simone Liedtke     18th January 2019 With diversified miner Vedanta Zinc International’s (VZI’s) flagship Gamsberg project coming on stream, the Northern Cape province has the potential to become a base metals mining, processing and beneficiation hub. VZI CEO Deshnee Naidoo says Gamsberg has the potential to have a huge impact on... 

Gamsberg set to trigger new wave of industrialisation in Northern Cape

Rio Tinto’s copper output, iron-ore shipments rise

By: Esmarie Iannucci     18th January 2019 Diversified major Rio Tinto has reported higher iron-ore and copper production for the quarter ended December, with other commodities remaining stable. “We delivered a solid operational performance in the final quarter of 2018, in particular across our copper assets,” said Rio CEO Jean-Sebastian... 

Rio Tinto’s copper output, iron-ore shipments rise
Photo by Bloomberg
Rio Tinto CEO Jean-Sebastian Jacques

Mining Weekly iPhone and Android Apps available for free download 

18th January 2019 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

AEMFC says will submit bid for Optimum assets

By: Marleny Arnoldi     17th January 2019 An African Exploration Mining and Finance Corporation- (AEMFC-) led consortium on Thursday announced that it would submit a bid for the Optimum Coal assets, which are currently in business rescue. State-owned AEMFC believed the Optimum Coal transaction would be fundamental to the country’s... 

AEMFC says will submit bid for Optimum assets
Coal stockpile

Asanko progresses Esaase trial mining, exceeds production guidance

By: Marleny Arnoldi     17th January 2019 TSX- and NYSE-listed Asanko Gold delivered a strong operational performance in the final quarter of 2018, producing 59 823 oz of gold, taking full year output to 223 152 oz. This was above guidance of 200 000 oz to 220 000 oz.  

Asanko progresses Esaase trial mining, exceeds production guidance
Asanko gold mine, in Ghana

Palladium hurtles through $1 400 as breakneck rally continues

By: Bloomberg     17th January 2019 Palladium rocketed through $1 400/oz the first time, extending its precipitous rally despite signs that global vehicle sales are slowing. The precious metal, primarily used in the auto industry for catalytic converters, has surged more than 65% since the middle of August. The bull run has been... 

Gold drilling demand ensures solid revenue, contracts for Capital Drilling

By: Marleny Arnoldi     17th January 2019 LSE-listed Capital Drilling exceeded the top end of its revenue guidance of $105-million to $115-million for 2018, on the back of a strong performance at its West African contracts. It earned $116-million in revenue.  

Empowered Kwatani benefits local mining industry

By: Schalk Burger     17th January 2019 Industrial and mining vibrating screens manufacturer Kwatani has achieved a level-1 broad-based black economic empowerment (BBBEE) score and is 51% black women-owned. This BBBEE accreditation affords significant benefits to its mining clients that can claim 135% of money spent on Kwatani.... 

Empowered Kwatani benefits local mining industry
Kwatani CEO Kim Schoepflin

Investors put a further £1m in Cornish lithium project

By: Creamer Media Reporter      17th January 2019 Investors in mining start-up Cornish Lithium have put another £1-million into the exploration company to continue its activities in south-west England and to drill exploratory boreholes to extract samples of lithium bearing brines. The company said in January last year that it needed about... 

Shanta Gold sets numerous mining, milling records in 2018

By: Marleny Arnoldi     17th January 2019 Aim-listed Shanta Gold produced 23 942 oz of gold from its New Luika mine, in Tanzania, in the fourth quarter last year – a 21% increase compared with the third quarter. Production was achieved at a cash cost of $514/oz and an all-in sustaining cost (AISC) of $701/oz.  

Harmony, Gold Fields selected for global Bloomberg Gender Equality Index

By: Marleny Arnoldi     17th January 2019 Gold miners Harmony Gold and Gold Fields have been selected for the 2019 Bloomberg Gender Equality Index that distinguishes companies that are committed to transparency in gender reporting and advancing women’s equality. The two companies are among 230 selected globally for inclusion in the index. 

Harmony, Gold Fields selected for global Bloomberg Gender Equality Index

Jubilee lifts Q4 earnings to R40m

By: Marleny Arnoldi     17th January 2019 AltX- and Aim-listed Jubilee Metals ended 2018 on a high, delivering record production at its Hernic operation and increasing operational earnings for the fourth quarter, despite the festive period generally being challenging. Jubilee had combined quarterly operational earnings attributable to... 

Jubilee lifts Q4 earnings to R40m
Photo by Creamer Media
Jubilee Metals CEO Leon Coetzer

Macua, Wamua warn of looming protest around Xolobeni consultation

By: Marleny Arnoldi     17th January 2019 Community rights bodies Mining Affected Communities United in Action (Macua) and Women Affected by Mining United in Action (Wamua) on Thursday announced plans to picket at the offices of the Department of Mineral Resources (DMR). This would be to serve notice that, should Minister Gwede... 

Transnet to pursue ‘just and equitable’ settlements with rail OEMs awarded ‘unlawful’ contracts 

By: Terence Creamer     17th January 2019 Having determined the procurement of 1 064 diesel and electric locomotives to be “irregular and unlawful”, Transnet has communicated its intention to review contracts awarded to four original equipment manufacturers (OEMs) in 2015. The State-owned freight logistics group has also indicated that... 

Transnet to pursue ‘just and equitable’ settlements with rail OEMs awarded ‘unlawful’ contracts
Photo by Dylan Slater
Transnet chairperson Dr Popo Molefe

Sibanye adds global experience to safety panel 

By: Marleny Arnoldi     17th January 2019 JSE- and NYSE-listed precious metals miner Sibanye-Stillwater has established a Global Safe Production Advisory Panel, after identifying the need for an additional safety initiative in 2018. The panel consists of a group of leading academics and is chaired by Sibanye group safety head Dr Kobus... 

Avesoro lifts FY18 output by 15% y/y, progresses New Liberty undergound PFS

By: Marleny Arnoldi     17th January 2019 TSX- and Aim-listed gold producer Avesoro Resources exceeded its 2018 full year guidance, with 220 458 oz of gold produced from its New Liberty mine, in Liberia, and the Youga mine, in Burkina Faso. Avesoro’s yearly production increased by 15% compared with 2017, with a 44% year-on-year... 

Strike called off at Wollongong mine

By: Esmarie Iannucci     17th January 2019 ASX-listed Wollongong Coal on Thursday told shareholders that the protected industrial action at its Wongawalli Colliery, in New South Wales, had come to an end. On January 11, contract workers at the project went on strike relating to proposed enterprise agreement between the labour hire... 

Orocobre output rises by 65%

By: Esmarie Iannucci     17th January 2019 ASX- and TSX-listed Orocobre has reported a 65% increase in quarterly production during the three months to December, with lithium carbonate production reaching 3 782 t. The company noted on Thursday that the December quarter results was the second best quarter of production at the Olaroz... 

Whitehaven reports record quarter

By: Esmarie Iannucci     17th January 2019 Coal miner Whitehaven Coal has reported record quarterly run-of-mine production of 7.4-million tonnes, and a first half production of 11-million tonnes. The miner on Thursday told shareholders that it was on track to meet its full year production guidance of between 22-million and 23-million... 

Base adjusts outlook for 2019

By: Esmarie Iannucci     17th January 2019 Mineral sands miner Base Resources has adjusted its full-year production guidance at the Kwale project, in Kenya, as the company adjusts for lower ore densities in the remaining Central Dune orebody. Rutile production expectations for the full year has remained fairly unchanged at between 88 000... 

Paladin continues uranium sales

By: Esmarie Iannucci     17th January 2019 ASX-listed Paladin Energy has continued the sale of its uranium oxide (U3O8) stockpiles during the quarter ended December, with some 475 000 lb U3O8 sold during the quarter at an average price of $31.41/lb. Paladin in May of last year took the decision to place its Langer Heinrich operation, in... 

Woodside Q4 revenue jumps 43%

By: Esmarie Iannucci     17th January 2019 Australian oil and gas major Woodside has reported a 43% increase in sales revenue for the fourth quarter of 2018, compared with the previous corresponding period, and a 10% increase in production. Woodside on Thursday reported that production during the three months to December had reached... 

Shareholders succeed in delaying Flinders delisting meeting

By: Esmarie Iannucci     17th January 2019 ASX-listed Flinders Mines has postponed the extraordinary general meeting (EGM) planned for January 22 regarding the delisting of the company, after certain shareholders turned to the Takeovers Panel. Flinders last year applied to delist from the ASX, following a strategic review of the... 

Divers locate one body in flooded Indian mine after 35 days

By: Reuters     17th January 2019 Indian navy divers found the body of one of 15 miners who went missing in a flooded coal mine in a remote corner of the country more than a month ago, officials said on Thursday. Rescuers have been struggling to pump water out of the 370-feet-deep illegal "rat-hole" coal mine in the northeastern... 

B2Gold production surges as new Mali mine outperforms

By: Mariaan Webb     17th January 2019 For ten consecutive years, Canada’s B2Gold has booked record gold production and 2018 was no different, with the miner lifting output by 51% to 953 504 oz in what it describes as a “year of transformational growth”. Production received a major boost from the new large Fekola mine, in Mali, which... 

South32 delivers solid Q2 results; announces leadership shuffle 

By: Esmarie Iannucci     17th January 2019 Diversified miner South32 has reported a solid production performance in the December quarter, with the miner maintaining its production guidance for the full year to June 2019. “We achieved a strong quarter of production, maintaining full-year guidance for all operations with the exception of... 

South32 delivers solid Q2 results; announces leadership shuffle
Photo by Bloomberg
South32 CEO Graham Kerr

Gran Colombia FY output up 25%

By: Creamer Media Reporter      17th January 2019 Canada-based Gran Colombia has delivered a 25% production increase in 2018, with output rising to 218 001 oz, surpassing the company’s initial guidance for the year. The Segovia operations, in Colombia, continue to be the key catalyst for the midtier miner’s gold production, with the operations... 

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