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Latest News

NUM to be friend of court in Chamber’s interdict against Mining Charter’s implementation

By: African News Agency      13th September 2017 The National Union of Mineworkers (NUM) said on Wednesday that it will be approaching the North Gauteng High Court as an intervening party, or friend of the court, in the court interdict by the Chamber of Mines against the implementation of the 2017 Reviewed Mining Charter. The NUM said it... 

NUM members to embark on strike at two Exxaro coal mines

By: Anine Kilian     13th September 2017 The National Union of Mineworkers (NUM) has served diversified miner Exxaro Resources with a notice to embark on a protected strike at the Grootegeluk mine, in Lephalale, Limpopo, and at the Leeuwpan mine, in Delmas, Mpumalanga.   The NUM submitted wage demands on April 13 and accuses Exxaro of... 

Central Rand Gold again warns of its ‘serious’ financial position

By: Anine Kilian     13th September 2017 AltX- and Aim-listed Central Rand Gold (CRG) has reiterated that its financial position remains extremely serious. “The company carries significant debt and has many creditors. The directors are actively pursuing financing opportunities for the company and are in discussions with several parties... 

Zimbabwe Alloys hands over half of its mining claims to Mugabe govt

By: Reuters     13th September 2017 Zimbabwe Alloys, the country's second largest ferrochrome producer, has ceded half of its mining claims to the government, a State-owned newspaper said on Wednesday, ending more than a year of negotiations. President Robert Mugabe's government last June threatened to seize half of ZimAlloys 39... 

Eskom inquiry reference book published

By: Creamer Media Reporter      13th September 2017 Professor Anton Eberhard and Catrina Godinho have published ‘The Eskom Inquiry Reference Book' as an aid to the upcoming Parliamentary inquiry into so-called State capture at the power utility. The inquiry by the Portfolio Committee on Public Enterprises is due to kick off later this month. It... 

Eskom inquiry reference book published

Metso showcases ongoing commitment to servicing South African mining sector 

By: Ilan Solomons     13th September 2017 This year marks 60 years since global engineering and technology corporation Metso's factory in Vereeniging was established. The factory became part of the Metso group in 1970 and has played "a crucial role" not only in the South African, but also the African mining industry. 

Metso showcases ongoing commitment to servicing South African mining sector
Metso Southern Africa sales and service VP Qasim Abrahams discusses the significance of the company's Vereeniging operations sixtieth anniversary and its continued commitment to South Africa and servicing the Southern African market.

Production starts at Anglo Asia’s Ugur openpit mine

By: Creamer Media Reporter      13th September 2017 Aim-listed Anglo Asia has progressed its Ugur openpit mine at its Gedabek licence, in western Azerbaijan, from discovery to production in one year. The company on Wednesday announced the start of production at Ugur, reporting production of 212 oz/d of gold doré in the first ten days of this month. 

Vast secures loan to advance Baita Plai licence process

By: Creamer Media Reporter      13th September 2017 Aim-listed Vast Resources has added another $1.68-million to the existing $4-million loan from Sub-Sahara Goldia Investments to advance the process of securing the Baita Plai mine licence, in Romania. Vast is in the process of agreeing the contractual terms of the association on the licence... 

Katoro gets green light for continuation of Esia at Tanzanian project

By: Anine Kilian     13th September 2017 Aim-listed Katoro Gold has received a letter of issue for the continuation of the second phase of the environmental- and social-impact assessment (Esia) at its Tanzania-based Imweru project. "We are extremely pleased with the sustained momentum and progress on the Imweru resource development... 

Greece says to grant permits for Eldorado Gold's Olympias project this week

By: Reuters     13th September 2017 Greece will grant Canada's Eldorado Gold outstanding permits for its Olympias project this week, its Energy Minister George Stathakis said on Wednesday. Dozens of Eldorado Gold workers rallied outside the energy ministry in Athens on Wednesday to protest against potential job losses after the... 

Greece says to grant permits for Eldorado Gold's Olympias project this week
Eldorado Gold's Olympias project, Greece

Teck sells interest in Ireland zinc project to G11

By: Mariaan Webb     13th September 2017 Canadian miner Teck Resources has sold its 76.56% interest in the Stonepark zinc project, in Ireland, to base metals explorer Group Eleven Resources (G11), according to joint venture (JV) partner Connemara Mining. Connemara chairperson John Teeling previously said the explorer was keen to have... 

Teck sells interest in Ireland zinc project to G11
Connemara Mining chairperson John Teeling welcomed the news of a new joint venture partner at its Stonepark project, in Ireland.

Aurora puts in new bid for Molopo following US oil and gas deal

By: Esmarie Swanepoel     13th September 2017 ASX-listed asset manager Aurora Funds Management has revised its takeover bid for fellow listed Molopo Energy. Aurora in July announced plans to make an 18c a share takeover offer, under which Molopo shareholders will be able to elect to receive the bid consideration in either cash, capped at... 

Poseidon and Lithium Australia team up on lithium

By: Esmarie Swanepoel     13th September 2017 ASX-listed Poseidon Nickel and fellow-listed Lithium Australia have inked a lithium exploration and processing memorandum of understanding (MoU) over the Lake Johnston project, in Western Australia. The parties are planning to explore for lithium-hosted pegmatites on tenements held by both firms... 

Poseidon and Lithium Australia team up on lithium

South Johnstone work programme approved

By: Esmarie Swanepoel     13th September 2017 The Queensland Department of Natural Resources and Mines has formally approved the works programme for the South Johnstone bauxite project. The approval comes after ASX-listed project developer Queensland Bauxite received approval from the Department of Environment and Heritage Protection for... 

Explaurum ups Tampia resource estimate

By: Esmarie Swanepoel     13th September 2017 ASX-listed junior Explaurum has announced a 125% increase in the mineral resource estimate at its Tampia gold project, in Western Australia. The company on Wednesday reported that the resource estimate had increased to 11.3-million tonnes, at 1.91 g/t gold for 695 000 oz of gold, with 90%... 

Platina declares maiden reserve in NSW

By: Esmarie Swanepoel     13th September 2017 Junior metals developer Platina Resources has reported a maiden ore reserve of 3.9-million tonnes at its Owendale scandium-cobalt project, in New South Wales. Grading at 550 parts per million (ppm) of scandium, 0.9% cobalt and 0.13% nickel, the project is estimated to host a reserve of 3 359 t... 

Archer finds copper in cobalt hunt

By: Esmarie Swanepoel     13th September 2017 The share price of ASX-listed Archer Exploration increased by nearly 22% on news of a copper discovery at Broken Hill, in New South Wales. Archer on Wednesday reported the discovery of two new large copper targets at the North Broken project, some 20 km north of Broken Hill, while hunting for... 

Newcrest targets full restart of Cadia East by March

By: Esmarie Swanepoel     13th September 2017 Gold miner Newcrest Mining has restarted production at Cadia East’s Panel Cave 1 (PC1), in New South Wales, with production rates at the mine expected to be fully restored by the end of March next year. The ASX-listed miner on Wednesday said that the remediation and upgrade work required to... 

KGL raises cash for Jervois exploration

By: Esmarie Swanepoel     13th September 2017 ASX-listed KGL Resources is hoping to raise some A$12.4-million to accelerate exploration at the Jervois copper project, in the Northern Territory. The company will issue some 22.8-million new shares, priced at 30c each, to raise an initial A$6.9-million from a small group of sophisticated and... 

Coal India reduces pithead stocks as shortage creeps into domestic coal market

By: Ajoy K Das     13th September 2017 A shortage of coal in the domestic market has significantly reduced pithead stocks of Coal India Limited (CIL) and has forced the miner to regulate dry fuel supplies to nonpower consumers across the country. Rising plant load factors (PLFs) of thermal power plants has had a salutary impact on... 

Resources Watch  

     13th September 2017 Acid mine water used to recover gold from dumps; and, South African mining must be made globally competitive, says Motsepe 

Resources Watch
Resources Watch

Lonmin says licence not at risk after Ministry warning

By: Reuters     13th September 2017 The South African mines ministry has told platinum miner Lonmin that it failed to meet some of its social and labour obligations, the producer said on Tuesday, but added it did not think its operating licence was in jeopardy. The London-listed miner received a letter last week from South Africa's... 

China steel, iron-ore climb as traders restock for peak season

By: Reuters     13th September 2017 Iron-ore futures in China jumped more than 2% on Wednesday, rising with steel prices for a second day as traders build stocks to cash in on the peak season for demand in the world's top steel market. Chinese steel demand picks up in September and October after the summer lull as construction... 

AME BC lauds provincial budget update

By: Creamer Media Reporter      13th September 2017 The Association for Mineral Exploration (AME) has expressed its support of the balanced 2017 budget delivered by British Columbia’s new Finance Minister Carole James. Government, through its budget and policies creates the economic climate central to attracting critical investment in important... 

First round of drilling on Sarama’s strategic Bondi asset finds shallow, oxide gold ore

By: Henry Lazenby     13th September 2017 Canadian explorer Sarama Resources' first reconnaissance aircore drilling campaign at the company's newly acquired Bondi deposit has intersected shallow, oxide gold mineralisation over broad intervals about 4 km north-east of the historic resource on the property, the company announced on... 

Tahoe’s Escobal mine licence reinstated

By: Henry Lazenby     12th September 2017 Precious metals miner Tahoe Resources has been given the go-ahead to restart its Escobal silver mine, in Guatemala. The announcement sent the company's battered TSX-listed stock soaring by a third on Monday, despite still being down nearly 40% since the start of the year on Tuesday. 

Botswana Diamonds plans additional drilling at South Africa project

By: Mia Breytenbach     12th September 2017 Aim-listed Botswana Diamonds’ shares on the LSE rose by nearly 20% on Tuesday as the company announced it would start large diameter drilling (LDD) at the Zebediela project, in Limpopo, in October. Zebediela forms part of the Vutomi Joint Venture project, at Frischgewaagt. 

Tailings-savvy DRDGold inviting collaboration, consolidation 

By: Martin Creamer     12th September 2017 Surface gold mining company DRDGold, the oldest company listed on the Johannesburg Stock Exchange with more experience than any other mining company in the recovery of gold from tailings dumps, believes that the time may have arrived for the transplanting of its remarkable expertise to other... 

Tailings-savvy DRDGold inviting collaboration, consolidation
DRDGold CEO Niël Pretorius tells Mining Weekly Online’s Martin Creamer that the time for tailings collaboration has never been more opportune. Video and Video Editing: Darlene Creamer.

Master Drilling posts resilient interim results, continues technological innovation focus

By: Mia Breytenbach     12th September 2017 Two additional machines and the impact of favourable foreign-exchange movements have contributed to a 12.5% increase in JSE-listed drilling services provider Master Drilling’s revenue to $60.5-million for the six months ended June 30. The group added two raise-bore machines during the period... 

Master Drilling posts resilient interim results, continues technological innovation focus

Glasenberg emerges from Rosneft flip with oil deal and medal

By: Bloomberg     12th September 2017 Nine months after surprising the world with an $11-billion venture to buy a stake in Russia’s state oil company, Glencore is selling most of it and emerging from the deal with a valuable crude supply contract and political ties in Moscow burnished. The companies announced on Friday that the... 

Moody’s praises South African miners’ restructuring initiatives

By: African News Agency      12th September 2017 Moody’s Investor Relations on Tuesday praised the restructuring initiatives made by South African gold and platinum group metals (PGM) miners in a bid to protect the sustainability and profitability, saying that these were benefiting their credit profiles. In a report on Tuesday, Moody’s vice... 

PetroSA upbeat about gas exploration

By: Kim Cloete     12th September 2017 Despite a slowdown in exploration and an underinvested industry, South Africa still holds great prospects for exploration in gas, believes PetroSA chief geophysicist Peter Dekker. He told delegates at the South African Geophysical Association (Saga) conference, in Somerset West, that there were... 

Gold price rise lifts Mali's 2016 State mining revenues 1%

By: Reuters     12th September 2017 Mali's State revenues from mining companies rose 1% last year to 247.3-billion CFA francs ($454-million) from 2015 due to a rise in gold prices, the mining ministry said on Tuesday. Mali is the third-biggest gold producer in Africa after South Africa and Ghana, and gold overwhelmingly dominates... 

Numsa union demands 15% wage hike in coal sector

By: Reuters     12th September 2017 The National Union of Metalworkers of South Africa (Numsa) has demanded Glencore raise coal mining wages by 15%, Numsa said on Tuesday, almost triple the inflation rate of 4.6%. NUMSA also said it was pushing for an increase of 20% in all allowances. The union is scheduled to meet with the... 

Congo govt's H1 mining revenues rise 9%, oil revenues up 140%

By: Reuters     12th September 2017 Democratic Republic of Congo collected $294.3-million in revenues from the mining sector in the first half of 2017, up 9% over the same period last year, the finance ministry said. The finance ministry also said in a quarterly report, seen by Reuters on Tuesday, that revenues collected from the... 

Lucara completes diamond recovery capital projects

By: Creamer Media Reporter      12th September 2017 Lucara Diamond Corp has completed the Mega Diamond Recovery (MDR) and sub-middles XRT capital projects at its Karowe mine, in Botswana, ahead of schedule. The MDR circuit treats material in the size range between 50 mm and 120 mm and is located directly post the primary crusher and ahead of the... 

Petropavlovsk H1 profit surges on revenue growth

By: Mariaan Webb     12th September 2017 Gold miner Petropavlovsk on Tuesday reported a 166% increase in profit for the half-year ended June 30, as revenue jumped 20% on higher production from its hard-rock mines and an increase in the average realised gold price. London-listed Petropavlovsk, which operates the Pioneer, Pokrovskiy,... 

Petropavlovsk H1 profit surges on revenue growth
Petropavlovsk chairperson Ian Ashby

Geophysicists urged to innovate amid tough times for exploration

By: Kim Cloete     12th September 2017 The state of exploration for oil and gas as well as mining is in a fix, with exploration spending having decreased by 69% in the last four years, delegates attending the South African Geophysical Association (Saga) 2017 conference have heard. Lockheed Martin business development manager Dan Di... 

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