R/€ = 15.66 Change: -0.01
R/$ = 13.43 Change: -0.01
Au 1270.73 $/oz Change: 2.63
Pt 878.00 $/oz Change: 13.83

Latest News

Trump's coal gambit may yield political points, not mining jobs

By: Bloomberg     14th June 2018 The Trump administration’s plan for reviving coal power plants is unlikely to resurrect mining jobs but may boost the president’s support among crucial Rust Belt voters before the midterm elections that will determine which party controls Congress. President Donald Trump has asked Energy... 

Americas Silver warns of lower-than-planned Q2 output

By: Creamer Media Reporter      14th June 2018 TSX- and NYSE-listed Americas Silver on Thursday advised that the Galena Complex in Idaho would fail to meet its planned production targets for the June quarter, after mining was interrupted twice in the last two months. The latest interruption occurred on Monday, following a mechanical failure... 

BHP approves $2.9bn capital expenditure for South Flank iron project

By: Creamer Media Reporter      14th June 2018 BHP has approved capital expenditure of $2.9-billion for the South Flank iron-ore project, in the central Pilbara, Western Australia. The project, in which BHP holds an 85% interest, will cost $3.4-billion to develop and will fully replace production from the 80-million-tonne a year Yandi mine,... 

BHP approves $2.9bn capital expenditure for South Flank iron project

Equinox Gold says Brazil gold project past halfway mark

By: Creamer Media Reporter      14th June 2018 The Aurizona gold project that Canadian junior Equinox Gold is building in Brazil has moved past the halfway mark, with the overall project now 55% complete and the engineering, procurement and construction management activities about 70% complete. In a project update on Thursday,... 

Conroy expands Clontibret drilling programme

By: Creamer Media Reporter      14th June 2018 Aim-listed Conroy Gold and Natural Resources will expand the drilling programme at the Clontibret deposit, in Ireland, by 70% to more than 1 700 m. This follows the discovery of additional extensive gold zones, with wide mineralised intersections and grades of up to 24 g/t gold. 

SEMS appointed as exploration manager at GoldStone's Ghana project

By: Anine Kilian     14th June 2018 Aim-listed GoldStone Resources has appointed SEMS Exploration Services as geological manager of the company’s Akrokeri-Homase project, in the Ashanti region of Ghana.   SEMS will design and implement the development of the project with the objective of reopening the Akrokeri underground mine,... 

South Africa's mining production down 4.3% y/y in April

By: African News Agency      14th June 2018 South Africa' mining output fell by decreased by 4.3% in April compared with the same month last year, the national statistics agency said on Thursday. Statistics South Africa said the largest negative contributors to the decline were platinum group metals (PGMs), which slid 6.5%, deducting 1.5... 

South Africa's mining production down 4.3% y/y in April

Savannah reports positive economics for Portugal lithium mine

By: Mariaan Webb     14th June 2018 Aim-listed explorer Savannah Resources has reported strong economic indicators for its Mina do Barroso lithium project, in northern Portugal, sending the company’s stock up 14% on Thursday. The study is considered a base case for the project and calculated a pre-tax net present value, applying... 

Savannah reports positive economics for Portugal lithium mine
Drilling at the Mina do Barroso project, in northern Portugal.

Gecamines plans to renegotiate with foreign partners

By: Reuters     14th June 2018 Democratic Republic of Congo State miner Gecamines has called on its foreign partners to renegotiate the terms of joint ventures it considers to be unfair, its chairman said on Thursday. Heavily in debt and with dwindling output, Gecamines has long complained about its joint venture terms. It... 

Gecamines plans to renegotiate with foreign partners

Glencore Coal provides free WiFi to two host communities

By: Nadine James     14th June 2018 Thermal coal miner Glencore Coal South Africa (SA) has launched a free WiFi initiative, which will allow members of two of the company’s host communities, Phola and Ogies, to access 500 MB/d per person for educational, economic and leisure purposes. The initiative currently comprises six... 

Lucara appoints new corporate development VP

By: Anine Kilian     14th June 2018 Ayesha Hira has been appointed VP corporate development and strategy at Vancouver-based diamond miner Lucara.    She will also be integral in assisting the CEO with corporate communications and shareholder relations. 

Germany's Heraeus to open $100m precious metals recycling plant in China

By: Reuters     14th June 2018 German technology group Heraeus will open a precious metals refinery and recycling plant in China in September to take advantage of the country's rising demand for platinum group metals. Heraeus has invested almost $100-million in the facility in Nanjing covering 84 000 square metres, which will... 

Germany's Heraeus to open $100m precious metals recycling plant in China
In February, Heraeus Precious Metals global president Andre Christl (left) opened the Zondereinde platinum smelter with Northam CEO Paul Dunne (right)

Danakali CEO resigns; Colluli offtake agreement signed

By: Esmarie Swanepoel     14th June 2018 Potash developer Danakali has reported the resignation of CEO Danny Goeman. Goeman has accepted an offer from a leading Perth-based mining company and is expected to leave Danakali on August 3. He joined Danakali in 2016 as head of marketing, before assuming the role of CEO in 2017.  

A$13bn takeover bid for APA Group

By: Esmarie Swanepoel     14th June 2018 Energy infrastructure business APA Group has received a near A$13-billion takeover offer from a consortium led by CK Infrastructure Holdings. The indicative and non-binding proposal was offering APA shareholders A$11 in cash for each stapled security, and permitted a distribution of no more... 

Atlas does not have priority rights to new Hedland berths

By: Esmarie Swanepoel     14th June 2018 The share price of iron-ore miner Atlas Iron dropped by nearly 16% on Thursday after the Western Australian government informed the company that it did not have “priority right” to develop new export berths. Atlas told shareholders that the North West Infrastructure (NWI), of which the company... 

Atlas does not have priority rights to new Hedland berths

Wallbridge starts ramp development at Quebec gold mine

By: Creamer Media Reporter      14th June 2018 Junior explorer Wallbridge Mining has completed the rehabilitation of existing underground workings at its Fenelon gold mine, in Quebec, and has started ramp development and underground drilling, as it works towards a production decision early next year. The mine has been dewatered on the... 

Mitsubishi pays $600m to up stake in Anglo American’s Peru copper project

By: Mariaan Webb     14th June 2018 Diversified miner Anglo American has agreed to sell another 21.9% equity interest in its Quellaveco copper project, Peru, to Mitsubishi, increasing the Japanese group’s interest in the project to 40%. Mitsubishi will pay $600-million for the additional interest in Quellaveco, implying a... 

Mitsubishi pays $600m to up stake in Anglo American’s Peru copper project
Anglo American CEO Mark Cutifani

Body of missing Sibanye employee recovered

By: Creamer Media Reporter      14th June 2018 Mine rescue teams have located and retrieved the body of the fifth employee that went missing at Sibanye-Stillwater's Kloof Ikamva mine. "The bodies of all five employees who entered an abandoned area on Monday have now been recovered and sadly five colleagues lost their lives in this tragic... 

Yendon DFS on the cards after positive results

By: Esmarie Swanepoel     14th June 2018 A prefeasibility study (PFS) into the Yendon alumina project, in Victoria, has estimated that the project would require a capital investment of A$271-million to support an annual production of 8 000 t of high purity alumina. ASX-listed Hill End Gold on Thursday reported that the project was... 

Myanmar/Perilya deal gets FIRB nod

By: Esmarie Swanepoel     14th June 2018 ASX-listed Myanmar Metals has received Australian Foreign Investment Review Board approval for it’s A$14.9-million share sale to base metals producer Perilya. Some 249.4-million Myanmar shares will now be issued to Perilya, giving the company a 19.99% shareholding in Myanmar. 

Strandline reconsiders Coburn development

By: Esmarie Swanepoel     14th June 2018 Mineral sands developer Strandline Resources will start a full definitive feasibility study (DFS) on its Coburn project, in Western Australia, after an upswing in mineral sands prices. The company said on Thursday that the new DFS was driven by positive results from an internal project review,... 

Independence eyes downstream possibilities at Nova

By: Esmarie Swanepoel     14th June 2018 Diversified metals miner Independence Group is on track to deliver a prefeasibility study on the downstream processing of nickel and cobalt sulfate at its Nova nickel operation, in Western Australia. Speaking at the second day of the Association of Mining and Exploration Companies (Amec)... 

MDL rejects revised offer

By: Esmarie Swanepoel     14th June 2018 Takeover target Mineral Deposits (MDL) have urged shareholders to reject the improved offer from joint venture (JV) partner Eramet, saying that it was still below the independent expert’s valuation. Eramet this week increased its offer for MDL from A$1.46 a share to A$1.75 a share, increasing... 

Copper veteran has unfinished business at biggest openpit

By: Bloomberg     13th June 2018 Nelson Pizarro wants to remain at the helm of the world’s biggest copper company until he can cut the ribbon on a project to convert its flagship pit into a giant underground mine. He’s been in mining for most of his 77 years, with the last four spent guiding state-owned Codelco through a... 

Copper veteran has unfinished business at biggest openpit
Nelson Pizarro

US suggests need for broader conflict diamond definition, due diligence for responsible sourcing

By: Marleny Arnoldi     13th June 2018 The Kimberley Process (KP) intercessional, which will take place from June 18 to 22 in Antwerp, Belgium, will focus on proposed reforms in the certification system to help achieve ambitious goals in the global diamond industry. This year, the European Union is chairing the KP and India is serving... 

AlphaGlobal seeks R143m from Eastplats in outstanding claim

By: Marleny Arnoldi     13th June 2018 AlphaGlobal Capital is seeking R142.8-million from Eastern Platinum (Eastplats) and its subsidiary Eastplats International in a claim submitted to the high court in the British Virgin Islands (BVI).  

Cobalt hunt takes Aussie explorer to forest on BMW's doorstep

By: Bloomberg     13th June 2018 The search for cobalt, a key component of the battery-powered auto fleets of the future, has arrived on BMW AG’s doorstep with a discovery of an ore deposit not far from the plant where the German manufacturer makes its i3 electric city car. The cobalt find in a forested section of Saxony’s... 

Petra Diamonds shareholders back rights issue

By: Reuters     13th June 2018 Shareholders in mining company Petra Diamonds on Wednesday approved a rights issue to raise about $170-million to help cut its debt burden, driving the share price around 5% higher. The company, which has suffered setbacks in Tanzania as well as production delays and strikes, had said there was a... 

Copper giant's cost crusade imperiled by wage largess of peers

By: Bloomberg     13th June 2018 Generous wage concessions made by private-sector copper producers to avoid strikes in Chile are emboldening unions at Codelco, undermining efforts by the state-owned behemoth to contain costs. That’s the view of CEO Nelson Pizarro, whose focus on costs in a five-decade mining career earned him... 

Bluebird, Southern Gold JV signed for South Korea gold mine

By: Marleny Arnoldi     13th June 2018 Asia-focused resource development group Bluebird Merchant Ventures on Tuesday signed a formal 50/50 joint venture (JV) agreement with ASX-listed Southern Gold for the Kochang gold and silver project, in South Korea.  

Congo's miners face harsh new reality as mining law finalised

By: Bloomberg     13th June 2018 The options for mining companies battling new legislation in the Democratic Republic of Congo -- Africa’s biggest copper producer and the source of two-thirds of the world’s cobalt -- have just about run out. After six months of lobbying, companies including Glencore and Randgold Resources have... 

Resources Watch  

13th June 2018 One-size-fits-all legislation ill-conceived And, government creating junior miners’ fund 

Resources Watch
Resources Watch

Tharisa expands its presence in Zim with acquisition of Karo stake

By: Simone Liedtke     13th June 2018 JSE-listed Tharisa has acquired a 26.8% shareholding in Karo Mining Holdings for $4.5-million. Karo Mining, in March, reached an agreement with the Zimbabwe government to establish a platinum group metals (PGM) mine, concentrators, smelters, a base metal and precious metals refinery and power... 

Weatherly increases Carn ownership to 90%

By: Marleny Arnoldi     13th June 2018 Aim-listed copper miner Weatherly International has received regulatory approval from the Namibian Competition Commission for its acquisition of a further 65% interest in China Africa Resources Namibia (Carn) from Hong Kong East China Non-Ferrous Mineral Resources.  

Ball set rolling for development of India’s largest coal block in West Bengal

By: Ajoy K Das     13th June 2018 The ball has been set rolling for development of the Deocha-Pachami coal block, which at an estimated two-billion tons of coal is India’s largest. The block has been allocated to the government of West Bengal for development and production from the asset. 

Russian federal agencies give go-ahead for second Eurasia Mining project

By: Marleny Arnoldi     13th June 2018 Aim-listed platinum group metals (PGM) and gold miner Eurasia Mining has received approval from the Russian Federal Securities Board and the Ministry of Defence for its Monchetundra project, in the Kola Peninsula.  

Glencore’s Katanga resolves debt dispute with Gécamines

By: Marleny Arnoldi     13th June 2018 Diversified miner Glencore’s Katanga Mining subsidiary has settled its legal dispute with Democratic Republic of Congo (DRC) State-owned trading and mining company La Générale des Carrières et des Mines (Gécamines).  

Glencore’s Katanga resolves debt dispute with Gécamines
Machinery is seen at the Gecamines' copper plant in Kambove.

Ariana studies viability of Kizilcukur as satellite source for Kiziltepe

By: Creamer Media Reporter      13th June 2018 Turkey-focused Ariana Resources has launched a revised economic study to consider the viability of mining and trucking the ore from its Kizilcukur project to the Kiziltepe mine for processing. The 100%-owned Kizilcukur project falls outside the Red Rabbit Joint Venture with Proccea Construction,... 

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