R/€ = 15.83 Change: -0.11
R/$ = 13.53 Change: -0.12
Au 1228.88 $/oz Change: 5.63
Pt 829.00 $/oz Change: 16.94

Latest News

Laramide buys Rio tenements

By: Esmarie Swanepoel     17th July 2018 Dual listed uranium developer Laramide Resources will spend A$450 000 to purchase the Murphy uranium tenements, in the Northern Territory, from major Rio Tinto’s exploration arm. The purchase agreement replaces an existing farm-in and joint venture agreement between the two companies. 

Lundin makes another move to buy Nevsun

By: Mariaan Webb     17th July 2018 Keen to bring the Timok copper project, in Serbia, into its fold, Canadian firm Lundin Mining has announced that it will take a C$1.4-billion offer directly to Nevsun Resources shareholders, after unsuccessful attempts to engage with the company over the past five months. Lundin, which earlier... 

Lundin makes another move to buy Nevsun
Photo by Nevsun
The first blast for the exploration decline at Timok Upper Zone at the Timok copper project in Serbia, which Lundin Mining is keen to acquire.

Solid Q2 performance rounds out strong first half for Rio Tinto

By: Esmarie Swanepoel     17th July 2018 Diversified major Rio Tinto has reported increased production in most of its commodities in the second quarter ended June, compared with the previous corresponding period. “Operational performance was solid across most commodities, rounding out a strong first half performance for the group,”... 

Solid Q2 performance rounds out strong first half for Rio Tinto

The world's biggest miners want more copper but nobody's selling

By: Bloomberg     17th July 2018 It’s the mining world’s biggest dilemma: everyone’s hunting for copper deals, but even the richest producers just can’t pull the trigger. The largest miners all say they’re bullish on copper and looking for growth in the metal that’s forecast to be in ever-greater demand as cities expand and... 

Ramaphosa talks tough on mine safety, says to engage tribal chiefs on land

By: Reuters     17th July 2018 South Africa will tighten its mine safety regulations to hold mine operators accountable for accidental deaths in the industry, President Cyril Ramaphosa said on Monday. Safety is a huge issue in South Africa’s deep and dangerous mines and increasingly a focus for investors. A spate of deaths at... 

Plateau Energy Metals Peru unit finds large lithium resources

By: Reuters     17th July 2018 Canadian miner Plateau Energy Metals's Peru unit Macusani Yellowcake said on Monday it has found 2.5-million tonnes of high-grade lithium resources and 124-million pounds of uranium resources in its Falchani hard rock deposit in the region Puno. Ulises Solis, general manager of the unit, told a... 

Sibanye enters into $500m streaming deal with Wheaton International

By: Anine Kilian     16th July 2018 JSE-listed Sibanye-Stillwater has raised $500-million in a streaming deal with Wheaton Precious Metals International. The agreement provides Sibanye-Stillwater with a long-term funding instrument that is linked to the operational performance of its US platinum-group metals operations, namely the... 

Sibanye enters into $500m streaming deal with Wheaton International

Life After Coal campaign demands IRP take water costs into account

By: Marleny Arnoldi     16th July 2018 A report from the Life After Coal campaign calls for uncounted costs to South Africa’s water resources to be accounted for in the Integrated Resource Plan (IRP). Mining coal and burning it in power stations uses large amounts of water and pollutes water as well, imposing massive but uncounted... 

‘Peak’ cobalt is not on the horizon – S&P’s Global Market Intelligence

By: Marleny Arnoldi     16th July 2018 Peak cobalt is not on the horizon, says Standard & Poor’s (S&P’s) Global Market Intelligence metals and mining research analyst Michael Giblin.  

Bacanora raises cash to start Sonora construction

By: Mariaan Webb     16th July 2018 London-listed Bacanora Lithium on Monday announced significant progress in the raising of the construction capital needed to build Stage 1 of its Sonara lithium project, in Mexico, announcing a conditional $90-million investment from blue chip investors and a $100-million placing of ordinary... 

Bacanora raises cash to start Sonora construction

Further extension to Centerra’s Kyrgyz strategic accord

By: Creamer Media Reporter      16th July 2018 Canadian miner Centerra Gold and the government of Kyrgyzstan have further extended the first longstop date under the strategic agreement for environmental protection and investment promotion that they entered into last year. The Toronto-based miner has pushed out the first longstop date – the... 

New mining fund raising R750m to co-finance ancillary mine projects 

By: Martin Creamer     16th July 2018 In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... 

New mining fund raising R750m to co-finance ancillary mine projects
CCP 12J MD Paul Miller talks to Mining Weekly Online’s Martin Creamer on new tax incentives to boost mining investment. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Production at Xtract’s Manica concession increases 42% q/q

By: Marleny Arnoldi     16th July 2018 Alluvial mining contractors operating at Aim-listed Xtract Resources’ Manica concession, in Mozambique, produced 1 703 oz of gold in the second quarter – a 41.9% quarter-on-quarter increase.  

Employees on strike at Randgold’s Tongon mine

By: Marleny Arnoldi     16th July 2018 Gold miner Randgold Resources on Monday said the government-led process to resolve industrial relations issues at its Tongon mine, in Côte d’Ivoire, was interrupted over the weekend when employees went on strike.  

McEwen’s operations on track to meet full-year guidance

By: Marleny Arnoldi     16th July 2018 Dual-listed precious metals producer McEwen Mining produced 36 959 oz of gold and 772 432 oz of silver, or 47 258 gold-equivalent ounces (GEOs), for the second quarter of this year.  

McEwen’s operations on track to meet full-year guidance

Vale notches record Q2 iron-ore, pellet output despite trucker strike

By: Reuters     16th July 2018 Brazil's Vale achieved record iron ore and pellet production for a second quarter despite a nationwide trucker strike that paralyzed Latin America's largest economy in May, the miner said in a filing on Monday. Vale, the world's top iron-ore producer, said iron ore output reached 96.755-million... 

Orion on track for completing Prieska BFS

By: Anine Kilian     16th July 2018 JSE-listed Orion Minerals is on track to complete its bankable feasibility study into the Prieska zinc/copper project, in the Northern Cape, by the end of the year. The company on Monday reported positive assay results from a further 13 drilled intersections at the project. 

Fura to expand its Mozambique ruby holdings; considering an LSE listing

By: Anine Kilian     16th July 2018 TSX-V-listed gemstone producer Fura Gems has entered into an agreement to acquire an interest in nine ruby assets in Mozambique from ASX-listed Mustang Resources and Regius Resources Group for A$15-million, or about C$14.6-million, in cash and shares. Upon closing of the acquisition, Fura, which... 

Expert backs Hancock offer for Atlas

By: Esmarie Swanepoel     16th July 2018 An independent expert has found that Hancock Prospecting’s offer for ASX-listed Atlas Iron is both fair and reasonable, with Atlas on Monday urging shareholders to accept the offer. Non-executive chairperson Eugene Davis told shareholders that the offer from Hancock was an excellent opportunity... 

Expert backs Hancock offer for Atlas

Kodal reports positive assay results from Mali projects

By: Anine Kilian     16th July 2018 Aim-listed Kodal Minerals has reported encouraging assay results from its Mali-based Boumou, Ngoualana and Sogola-Baoule prospect. The lithium mineral exploration and development company said in a project update on Monday that the Boumou prospect was continuing to develop, with northern zone... 

Atalaya produces record quarterly copper production in Spain

By: Marleny Arnoldi     16th July 2018 Aim- and TSX-listed copper miner Atalaya Mining produced 10 446 t copper at its Proyecto Riotinto mine, in Spain, in the second quarter of the year, beating its first quarter production record.  

Four miners killed in Georgia in coal mine accident, officials say

By: Reuters     16th July 2018 Four miners were killed and six injured on Monday when the roof of a coal mine in western Georgia collapsed, the country's interior ministry said. The accident occurred at the Mindeli mine in Tkibuli, 200 km (124 miles) west of the capital, Tbilisi, the ministry said in a statement. 

Panthera completes initial RC drilling at Burkina Faso project

By: Marleny Arnoldi     16th July 2018 Aim-listed gold exploration and development company Panthera Resources has completed 1.07 km of reverse circulation (RC) drilling over eight holes at its Naton project in southern Burkina Faso.  

Rio says workers return at South Africa's Richards Bay Minerals

By: Bloomberg     16th July 2018 Rio Tinto’s Richards Bay Minerals in South Africa said workers are reporting for duty after violence and protests that started more than a week ago shut the operations. “Following a significant improvement in the security situation, employees are returning to work today and we will safely ramp up... 

More resources at Montepuez

By: Esmarie Swanepoel     16th July 2018 Graphite developer Battery Minerals has reported a 14% increase in the mineral resource estimate of the Elephant deposit, at its Montepuez project, in Mozambique. The project is now estimated to host a total measured and indicated resource of 76.9-million tonnes, at 7.3% total graphitic carbon. 

Improved operational performance, prices lift Amplats’ interim earnings

By: Marleny Arnoldi     16th July 2018 JSE-listed Anglo American Platinum (Amplats) on Monday advised that its headline earnings and headline earnings per share (HEPS) for the six months ended June 30 are likely to be between R3.2-billion and R3.4-billion and between R1.20 and R1.30, respectively.  

Improved operational performance, prices lift Amplats’ interim earnings

Major Beadell shakeup targets $100m cost savings

By: Esmarie Swanepoel     16th July 2018 Gold miner Beadell Resources has implemented major management changes and cost reductions at its Tucano mine, in Brazil, that could save more than $100-million. CEO and MD Simon Jackson and COO Peter Holmes will step down from their current positions, with Dr Nicole Adshead-Bell taking over as... 

Symbol secures offtake and financing for Macy

By: Esmarie Swanepoel     16th July 2018 ASX-listed Symbol Mining has inked an offtake and marketing agreement with Noble Resources international for its Macy zinc project, in Nigeria. The offtake and marketing agreement also secured the final funding requirements for the development of the Macy project, with a short-term $3-million... 

MOD could increase plant throughput at T3

By: Esmarie Swanepoel     16th July 2018 ASX-listed MOD Resources has reported a 13% increase in the indicated resource of its T3 deposit, in Botswana, which could support a potential increase in the planned design throughput. MOD on Monday said that a reclassification of the T3 resource has seen the indicated mineral resource estimate... 

Pantoro hits targets

By: Esmarie Swanepoel     16th July 2018 Gold miner Pantoro has hit its production targets for the full year ending June, producing 52 203 oz of gold, which was within the guidance of between 50 000 oz and 55 000 oz. In the three months to June, Pantoro produced 11 694 oz of gold, which is lower than the 13 385 oz produced in the... 

Whitehaven production drops slightly

By: Esmarie Swanepoel     16th July 2018 New South Wales coal miner Whitehaven Coal has reported a fall in production during the June quarter, and the full year to June, with mechanical issues reported at its Narrabri mine. In the quarter ended June, Whitehaven produced 5.8-million tonnes of run-of-mine (RoM) coal, with 4.7-million... 

Kasbah aims to have Morocco tin mine in production by 2020

By: Esmarie Swanepoel     16th July 2018 It is hoped that the Achmmach tin project, in Morocco, could be in production by 2020, following a positive definitive feasibility study (DFS). ASX-listed Kasbah Resources on Monday reported that the DFS is based on an underground mine with an initial ten-year mine life, producing 750 000 t/y... 

India's Oil Ministry supports petcoke import ban – govt lawyer tells court

By: Reuters     16th July 2018 India's Oil Ministry is in favour of a ban on the import of petroleum coke, the government's lawyer told the Supreme Court on Monday. An oil refinery by-product, petroleum coke, or petcoke, is used as a fuel because of its higher energy content than coal, but it releases larger amounts of carbon... 

Indian captive coal miners likely to be allowed merchant sale

By: Ajoy K Das     16th July 2018 In a forthcoming revamp of coal block auction rules, India’s Coal Ministry is likely to allow captive miners free merchant sales of 25% of production in a step towards blurring the distinction between commercial and captive mining. The move towards greater flexibility for captive coal miners is... 

Six die in underground fire at Palabora copper mine

By: Marleny Arnoldi     16th July 2018 Mining company Palabora Copper confirmed on Monday that six people have died at its copper mine in Phalaborwa, following a fire that broke out at its underground conveyor belt operation during the early hours of Sunday.  

Noront drops Sudbury and Thunder Bay as site for ferrochrome plant

By: Mariaan Webb     16th July 2018 TSX-V-listed Noront Resources has moved to the final phase of the site selection process for its proposed ferrochrome production facility, with only two cities – Timmins and Sault Ste Marie – still in the running to host the 100 MW to 130 MW scalable furnace. Noront has dropped Thunder Bay and... 

Noront drops Sudbury and Thunder Bay as site for ferrochrome plant

Top-grade iron-ore may spike to $100/t

By: Bloomberg     16th July 2018 High-grade iron-ore may spike to $100 a metric ton as China intensifies a clampdown on pollution by restraining industrial activity, adding further momentum to a trend that’s reshaped the global market in recent years and driven buyers in Asia’s top economy to seek out better-quality material.... 

Top-grade iron-ore may spike to $100/t

How mining tycoons are trying to foil a big UK bribery probe

By: Bloomberg     16th July 2018 It’s a faint echo of the defense being floated by targets of the Mueller probe in the US – an unaccountable circle of bureaucrats manipulating the system to their own ends. But in London, it’s the last ditch effort by a trio of Kazakh oligarchs to derail the UK’s biggest bribery investigation. 

How mining tycoons are trying to foil a big UK bribery probe
Alexander Machkevitch

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