R/€ = 16.39 Change: -0.01
R/$ = 14.50 Change: -0.01
Au 1313.16 $/oz Change: 0.80
Pt 844.00 $/oz Change: -21.74

Latest News

US hits Venezuela State miner with new sanctions

By: Reuters     19th March 2019 U.S. hits Venezuela with new sanctions on state-run mining company 

Orosur chair dies after illness

By: Creamer Media Reporter      19th March 2019 The chairperson of South American gold project developer Orosur Mining, John Walmsley, has died, following an illness, the TSX- and Aim-listed company reported this week Walmsley joined the board of directors as chairperson in 2013 and has served in that capacity since that time. 

Equinox hikes resource estimates for Aurizona, Mesquite

By: Marleny Arnoldi     19th March 2019 TSX-V-listed Equinox Gold has completed an updated mineral resource estimate for its Aurizona gold mine, in Brazil, and an updated mineral reserve and resource estimate, as well as a technical report, for its Mesquite gold mine, in the US. Aurizona’s measured and indicated resources increased... 

Ahead of election, Polish lawmakers propose to cut copper tax

By: Reuters     19th March 2019 Lawmakers from Poland's ruling Law and Justice (PiS) party proposed on Tuesday to cut mining tax payments so that major copper producer KGHM could spend more money on investment. The mining levy, introduced in 2012 and calculated using a formula based on local production volumes and prices,... 

Canadian miner blasts Armenia as third audit of Amulsar project gets under way

By: Mariaan Webb     19th March 2019 The Armenian government has started its third assessment of the Amulsar gold project’s environmental impact on water resources, geology, biodiversity and water quality, Canada-based Lydian International reported on Tuesday, questioning the need for another review of the gold-mining project. The... 

Canadian miner blasts Armenia as third audit of Amulsar project gets under way

Palladium tops $1 600 as metal sets new highs on supply shortage  

By: Bloomberg     19th March 2019 Palladium topped $1 600/oz for the first time, and there’s little sign of the rally slowing as global supply tightens. The price of the metal – mainly used in autocatalysts in gasoline vehicles – has almost doubled from a recent low in August. Demand has remained robust as manufacturers scramble... 

Eskom to seek special procurement dispensation to help it address ‘crisis’ 

By: Terence Creamer     19th March 2019 Crisis-ridden power utility Eskom is approaching the Auditor-General and the National Treasury to seek approval for a special procurement dispensation that will allow it to accelerate the purchase of critical goods and services required to address ongoing breakdowns of its coal fleet. The... 

Eskom to seek special procurement dispensation to help it address ‘crisis’
Public Enterprises Minister Pravin Gordhan and Eskom chairperson Jabu Mabuza

Emmerson’s Morocco potash project a step closer to production

By: Natasha Odendaal     19th March 2019 The completion of the environmental baseline study has brought the Khemisset potash project, in Morocco, closer to production, with the study identifying no areas of concern that could impact on the scale, location, cost or profitability of the project. LSE-listed potash development company... 

Menar’s Canyon offers Eskom cheaper coal on open-book basis  

By: Martin Creamer     19th March 2019 Coal mining company Canyon Coal, a Menar group company, is prepared to offer coal to State-owned electricity utility Eskom at a cheaper price on an open-book basis from two new projects. The Menar group, which does not supply coal to Eskom at present, employs 3 500 people on a R7-billion asset... 

Menar’s Canyon offers Eskom cheaper coal on open-book basis
Menar MD and Canyon Coal executive chairperson Vuslat Bayoğlu talks to Mining Weekly Online’s Martin Creamer. Photos: Creamer Media’s Dylan Slater. Video: Nicholas Boyd

Mantashe gunning for illegal mining syndicate leaders

By: News24Wire      19th March 2019 Illegal mining operations and criminal syndicates steal, per annum, the equivalent of the total output of South Africa's legal gold mining operations in 2018. The Mineral Resources Minister Gwede Mantashe, however, has a plan to take down the criminal syndicates and zama zamas. 

Tanzania launches gold trading centre to fight smuggling

By: African News Agency      19th March 2019 Tanzania has followed South Africa and Botswana with the launch of an international gold trading centre in the gold-rich region of Geita as part of its efforts to fight the smuggling of minerals, according to a report on Tuesday. South Africa has a gold exchange hub while Botswana has a diamond... 

Mining taxes and royalties added A$30.6bn to Australian coffers last year

By: Esmarie Iannucci     19th March 2019 A new report by advisory firm Deloitte Access Economics has shown that Australian mining companies paid some A$30.6-billion in company tax and royalties in 2017/18. The report, commissioned by the Minerals Council of Australia (MCA), noted that Australian miners paid A$18.6-billion in company... 

Mining taxes and royalties added A$30.6bn to Australian coffers last year

Hulamin reviews extrusions business, rolled products reaches record volumes 

By: Marleny Arnoldi     19th March 2019 JSE-listed aluminium supplier and exporter Hulamin’s rolled products division reported a “superb” manufacturing performance for the year ended December 31, 2018, increasing its sales by 6% to 228 000 t. This third consecutive year of record sales volumes from rolled products helped to offset... 

Hulamin reviews extrusions business, rolled products reaches record volumes

Benchmark ferrochrome price settled at $1.20/lb

By: Tasneem Bulbulia     19th March 2019 The European benchmark ferrochrome price has been settled at $1.20/lb for the second quarter of 2019, JSE-listed Merafe Resources said in a statement on Tuesday. This is an increase of 7.1% from the benchmark price of $1.12 /lb in the first quarter of this year. 

Antofagasta dividend better than expected, profit in line

By: Reuters     19th March 2019 Chilean copper miner Antofagasta announced a higher-than-expected dividend payout on Tuesday and reported a drop in annual core earnings that was in line with analysts' projections. The company lowered its final dividend by about 9% to 37c a share from last year, but topped the expectations of... 

Jupiter appoints its first female director

By: Tasneem Bulbulia     19th March 2019 Jupiter Mines has appointed Melissa North to the board of directors as FD, effective March 18. North, who is the first female to be appointed to the Jupiter board, joined Jupiter in 2012 as group financial controller and was subsequently appointed CFO and company secretary. 

Mt Marion divestment bolsters Neometals cash

By: Esmarie Iannucci     19th March 2019 ASX-listed Neometals on Tuesday resumed trading following the A$104-million divestment of its interest in the Mt Marion lithium operation, in Western Australia, pausing the need for a demerger of the company’s non-lithium assets. The company sold of its 13.8% interest in the project to its joint... 

AEM delivers more targets in northern Australia

By: Esmarie Iannucci     19th March 2019 The world’s largest airborne electromagnetic survey has revealed potential new mineral and groundwater resources in the Northern Territory and Queensland. Federal Resources Minister Matt Canavan noted that the survey indicated the potential for new mineral deposits including gold, copper,... 

Kalium Lakes secures debt funding for Beyondie

By: Esmarie Iannucci     19th March 2019 Potash developer Kalium Lakes has secured A$102-million in debt funding for its Beyondie sulphate of potash (SoP) project, in Western Australia. The company on Tuesday told shareholders that it has signed a non-binding term sheet with German bank KfW IPEX-Bank to provide the senior debt funding... 

Mincor strikes new deal with Nickel West

By: Esmarie Iannucci     19th March 2019 ASX-listed Mincor Resources has signed an offtake term sheet with the Nickel West division of mining major BHP. The term sheet will form the basis for a binding ore tolling and concentrate purchase agreement, which will replace the 20-year agreement that Mincor had with Nickel West, which... 

Winmar buy gets back-up

By: Esmarie Iannucci     19th March 2019 An independent valuation of the Luapula processing facility, in the Democratic Republic of Congo, has estimated an asset value of more than $33.3-million, on an as-is basis. Cobalt hopeful Winmar Resources last year struck a deal with African Holding Investment Company to acquire a 50% interest... 

Bengalla continues to deliver for New Hope

By: Esmarie Iannucci     19th March 2019 Coal miner New Hope has reported a 21% jump in revenue for the half-year ended January, while profits jumped by 33% on the previous corresponding period. New Hope on Tuesday reported revenues of A$616.7-million first the first half of the year, while profits before tax was reported at... 

Alto shareholders reject offer

By: Esmarie Iannucci     19th March 2019 Takeover target Alto Metals has revealed that its major shareholders, holding a combined 32.12% of the company, would not accept a takeover offer from fellow-listed Middle Island. Middle Island at the start of March revealed a proposed all-script takeover offer for Alto, offering five of its own... 

BHP adds to its board

By: Esmarie Iannucci     19th March 2019 Diversified miner BHP has appointed Ian Cockerill and Susan Kilsby as independent non-executive directors to the company’s board, effective from April 1. Cockerill has extensive mining experience and has held a number of management roles, including as CEO of Anglo Coal and Gold Fields, and has... 

BHP adds to its board
Photo by Creamer Media
Ian Cockerill

Workers could strike at Chile's Sierra Gorda copper mine – union

By: Reuters     19th March 2019 A union at Chile's Sierra Gorda copper mine, controlled by Polish mining company KGHM, could go on strike this week after rejecting the latest offer in contract negotiations, the union leader told Reuters on Monday. The company still has until the end of Tuesday to request government mediation... 

Vale dam fallout deepens with mine closure and blocked funds

By: Bloomberg     19th March 2019 Vale’s shares declined on Monday as the world’s biggest iron-ore producer faces continued backlash from Brazilian authorities after a deadly mining accident in January. Rio de Janeiro-based Vale was ordered on March 15 to shut its Timbopeba mine in Minas Gerais state, which produces 12.8-million... 

Rio Tinto must face SEC suit over Mozambique coal assets 

By: Bloomberg     19th March 2019 Rio Tinto Group must face a US Securities and Exchange Commission (SEC) lawsuit over the company’s valuation of coal assets in Mozambique, a federal judge ruled. US authorities in October 2017 filed fraud charges against London-based Rio Tinto, former CEO Tom Albanese and former CFO Guy... 

Rio Tinto must face SEC suit over Mozambique coal assets
Photo by Creamer Media
Rio Tinto former CEO Tom Albanese

Labour Court dismisses AMCU interdict against Sibanye restructuring 

By: Marleny Arnoldi     18th March 2019 Sibanye-Stillwater on Monday said the South African Labour Court has dismissed the application made by the Association of Mineworkers and Construction Union (AMCU) to interdict the Section 189A restructuring process at the miner’s gold operations in South Africa. Sibanye on February 14... 

Labour Court dismisses AMCU interdict against Sibanye restructuring
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Debswana starts Jwaneng mine extension project

By: Marleny Arnoldi     18th March 2019 The Debswana Diamond Company (Debswana) on Monday announced the start of its Cut-9 project, which is aimed at extending the life of the Jwaneng mine, in Botswana, to 2035. The project is expected to yield an estimated 53-million carats of rough diamonds from 44-milllion tonnes of treated... 

Debswana starts Jwaneng mine extension project
Photo by Bloomberg
Jwaneng diamond mine

Bluebird raises funds for South Korean gold projects

By: Tasneem Bulbulia     18th March 2019 Asia-focused resource development group Bluebird Merchant has successfully raised £436 500, which it will use to advance its South Korean gold projects. The London-listed company reported on Monday that it had placed all the available headroom of 19 400 000 shares and that its management had... 

Alrosa wants controlling stake to mine in Zimbabwe

By: Reuters     18th March 2019 Russian State-controlled miner Alrosa will assess the quality of Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project, the company's chief executive said on Monday. Zimbabwe is seeking to attract investment and has... 

Chile enviro court ruling on Pascua-Lama closure overturned

By: Marleny Arnoldi     18th March 2019 The Supreme Court of Chile has overturned an Environmental Court order to permanently close the stalled Pascua–Lama project, which straddles the Andes mountains with Argentina. The Supreme Court last week annulled the October 2018 administrative decision of the Antofagasta Environmental Court on... 

Chile enviro court ruling on Pascua-Lama closure overturned
Photo by Reuters
Barrick's Pascua-Lama project, in Chile

Testwork indicates 97% gold recovery possible at Sanankoro

By: Tasneem Bulbulia     18th March 2019 Cora Gold has received positive results from the preliminary metallurgical test work programme for oxide samples taken from the Zone A and Selin prospects at the Sanankoro gold discovery in the Yanfolila gold belt in Southern Mali. Preliminary results demonstrate that coarse ore gold recoveries... 

M&R Cementation awarded Palabora ventilation shaft contract

By: Marleny Arnoldi     18th March 2019 Mining contractor Murray & Roberts (M&R) Cementation has been awarded a contract by Palabora Mining Company for a 1 200 m deep ventilation shaft. The shaft, with a lined diameter of 8.5 m, will reach a final blind sink depth of 1 190 m before a drop raise takes it to its final depth.  

Opec+ affirms commitment to oil cuts, defers decision to extend

By: Bloomberg     18th March 2019 Saudi Arabia led fellow members of the Opec+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs. A committee of the most influential members in the 24-nation alliance, which includes Russia, Iraq and the... 

Bristow taking Barrick helm aids Acacia talks, Tanzania AG says  

By: Bloomberg     18th March 2019 Mark Bristow taking over the leadership of Barrick Gold facilitated negotiations with Tanzania about a multibillion-dollar tax dispute that could be resolved by May, the country’s attorney general said. Barrick unit Acacia Mining has been at odds with Tanzania’s government since July 2017, when... 

Channelling Thatcher, South Africa’s President takes on its unions

By: Bloomberg     18th March 2019 In 1987, an anti-apartheid firebrand named Cyril Ramaphosa led South Africa’s biggest-ever mining strike. Some 300 000 miners – from a union Ramaphosa himself had founded – walked off the job, protesting pay and working conditions. The mining company “used fascist methods to destroy workers’... 

Wesizwe to scale back Bakubung’s output 

By: Tasneem Bulbulia     18th March 2019 Wesizwe has resolved to implement a new mine plan at its Bakubung mine, in Rustenburg, which will entail the development of a one-million-tonne-a-year mine with a one-million-tonne-a-year processing plant to treat the ore. The company explained in a news release that the decision was taken as a... 

Wesizwe to scale back Bakubung’s output
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
Free daily email newsletter Register Now
Register Close