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Latest News

NGOs push to expel Brazil miner Vale from UN pact over dam disaster

By: Reuters     13th February 2019 A group of international non-governmental organisations on Tuesday demanded that Brazilian miner Vale be excluded from the United Nations' corporate responsibility pact, after a mining dam burst that killed an estimated 300 people. A letter signed by more than 15 NGOs said that Vale failed to... 

DRDGold profit down, gold reserves up

By: Martin Creamer     13th February 2019 Surface gold mining company DRDGold on Wednesday reported a 54% fall in operating profit to R102.2-million in the six months to December 31, but a major jump in mineral reserves. Reserves shot up by 83% to six-million ounces of gold from a former 3.28-million ounces but gold production in the... 

DRDGold profit down, gold reserves up
Photo by Creamer Media
DRDGold CEO Niël Pretorius

South Africa's biggest labour group embarks on nationwide strike

By: Bloomberg     13th February 2019 South Africa’s biggest labor federation will embark on a nationwide protest on Wednesday that will keep teachers, policemen, miners and workers at embattled power utility Eskom away from their posts amid a fourth day of rolling blackouts. The National Union of Mineworkers -- an affiliate of the... 

Battle lines drawn as opposition parties contest Ramaphosa’s Eskom unbundling plan  

By: Terence Creamer     12th February 2019 The future structure of South Africa’s debt-laden electricity producer Eskom emerged as the central topic during the debate on President Cyril Ramaphosa’s February 7 State of the Nation Address (SONA), in which he announced that the utility would be split, under Eskom Holdings, into three... 

Battle lines drawn as opposition parties contest Ramaphosa’s Eskom unbundling plan

Harmony exploring Target North, Kalgold 

By: Martin Creamer     12th February 2019 Harmony Gold is currently adjudicating a tender for the drilling of the Target North greenfield exploration project in the Free State and is engaged in near mine brownfield exploration at Kalgold in the North West. Harmony Gold CEO Peter Steenkamp on Tuesday described the Target North prospect as... 

Harmony exploring Target North, Kalgold
Harmony Gold outlines exploration plans to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Creamer Media’s Darlene Creamer

Probe drilling confirms Val-d’Or expansion, new discoveries

By: Simone Liedtke     12th February 2019 Canadian gold exploration company Probe Metals on Tuesday reported new results from the 2018 drill programme on the Val-d’Or East Courvan property area, in Quebec, which identified both new discoveries, as well as confirmed significant expansion of previous discoveries north and west of the... 

Serabi reports fatality at Palito gold mine

By: Simone Liedtke     12th February 2019 Dual-listed Serabi Gold on Tuesday confirmed a fatality at its Palito gold mine, in Brazil, in a mining-related accident on February 11. The accident involved one of the company’s employees who sustained a crush-related injury and died from his injuries. 

Harmony cuts energy consumption, ushering in solar, mulling biofuels  

By: Martin Creamer     12th February 2019 Gold mining and exploration company Harmony Gold is intensifying its efforts to cut electricity consumption to a minimum while also looking at introducing solar power and biofuel energy. CEO Peter Steenkamp said on Tuesday when the company issued its half-year results that Eskom’s problems could... 

Harmony cuts energy consumption, ushering in solar, mulling biofuels
Harmony Gold executives talk to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Creamer Media’s Darlene Creamer

Harmony’s Steenkamp rising to President Ramaphosa’s ten-point challenge  

By: Martin Creamer     12th February 2019 Harmony Gold CEO Peter Steenkamp is rising to President Cyril Ramaphosa’s ten point mining challenge by striving to pay meaningful social dividends across a broad front and answering the call to beneficiate, which is no mean feat when it comes to gold. The executive head of the million-ounce-plus... 

Harmony’s Steenkamp rising to President Ramaphosa’s ten-point challenge
Harmony Gold CEO Peter Steenkamp talks to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Creamer Media’s Darlene Creamer

Cobalt's price crash bottoming out, stocks to hinder quick rally

By: Reuters     12th February 2019 Cobalt's near year-long price slide is finally coming to an end, but high inventories of the battery metal will stop prices quickly re-claiming 2018's 10-year highs. London Metal Exchange prices have crashed to two-year lows of $32 000/t compared with levels near $100 000 in the first half of 2018. 

Sibanye considers closing unprofitable shafts at gold mines 

By: Bloomberg     12th February 2019 Sibanye Gold is considering shutting unprofitable shafts and cutting jobs at its South African gold mines amid a three-month-old wage strike that’s curbing output. The nation’s largest gold producer has talked with some labor unions about a potential restructuring, which could lead to job cuts,... 

Sibanye considers closing unprofitable shafts at gold mines

Vale disaster could see Brazil’s iron-ore competitive edge slip away

By: Mariaan Webb     12th February 2019 The January 25 Brumadinho dam disaster is expected to knock Brazil’s competitiveness in the global iron-ore market and will elicit a supply response from mines in China, as well as new projects that could be brought on line in the next few years. This is according to analysts at London-based... 

Vale disaster could see Brazil’s iron-ore competitive edge slip away

Accenture seeks to improve mining sector data analytics 

By: Simone Liedtke     12th February 2019 Global professional services company Accenture is investing in a new Applied Intelligence Studio for Mining, in Johannesburg, which will combine the latest in data science and artificial intelligence technologies with deep industry knowledge for the development of new intelligent digital... 

Accenture seeks to improve mining sector data analytics
Accenture Applied Intelligence and Data Science lead for Africa Dr Caroline Belrose discusses Accenture's new Applied Intelligence Studio for Mining with Engineering News Online. Video & Editing: Creamer Media's Nicholas Boyd.

Mandalay raises C$60m to stabilise liquidity position

By: Simone Liedtke     12th February 2019 TSX-listed Mandalay Resources has announced plans to raise C$60-million to address its short-term liquidity requirements. The financing will be raised through a marketed public offering of up to about C$50-million of subscription receipts and an $8-million convertible bridge loan from a CE Mining... 

Bezant outlines mining options for Mankayan project

By: Simone Liedtke     12th February 2019 Aim-listed Bezant Resources on Tuesday said that an independent study had found that the Mankayan copper/gold porphyry supported different robust routes for the future development of its Philippines-based project. This included, for the first time, a sub-level caving (SLC) ‘stepping stone’... 

NAP defines new exploration targets at Lac des Iles

By: Tasneem Bulbulia     12th February 2019 Recent exploration at North American Palladium’s Lac des Iles Mine (LDI) property, located 90 km north of Thunder Bay, Ontario, has defined seven underground targets in the southern part of the deposit and several discrete near-surface exploration targets, all of which are expected to be drilled... 

Alrosa’s January sales down 44% y/y

By: Simone Liedtke     12th February 2019 Following a strong performance in December, Russian miner Alrosa’s rough and polished diamond sales fell to $281.5-million in January – a 44% decrease on the same month in 2018. January’s rough diamond sales amounted to $278.2-million and polished diamond sales were $3.4-million, the company... 

Alrosa’s January sales down 44% y/y

Roxgold snaps up Newcrest’s Séguéla project

By: Esmarie Iannucci     12th February 2019 Gold miner Newcrest Mining has struck a deal with TSX-listed Roxgold to divest of its Séguéla project and regional exploration tenements, in Cote d’Ivoire, in a deal valued at $30-million. “Following a strategic review, we are pleased to announce the sale of the Séguéla project to Roxgold. This... 

Roxgold snaps up Newcrest’s Séguéla project

Rothsay expected to deliver more gold

By: Esmarie Iannucci     12th February 2019 An updated definitive feasibility study (DFS) on the Rothsay gold project, in Western Australia, has increased the project’s projected gold production from 250 000 oz to 289 000 oz. ASX-listed EganStreet Resources on Tuesday told shareholders that the forecast increase in production, which came... 

Cimic wins A$90m APLNG contract

By: Esmarie Iannucci     12th February 2019 Project house Cimic has been awarded a A$90-million gas gathering and infrastructure works contract from the Australian Pacific liquefied natural gas (APLNG) project, in the Surat Basin, in Queensland. The contract is expected to deliver more than 300 coal seam gas wells over a two-year period,... 

Independent review confirms Sconi's importance

By: Esmarie Iannucci     12th February 2019 An independent nickel and cobalt sulphate market study has flagged the planned Sconi project, in North Queensland, to be one of the most competitive producers in the world, once operational. Construction of the A$1.4-billion Sconi project is expected to start this year, with the operation... 

Nzuri finds funding for Kalongwe

By: Esmarie Iannucci     12th February 2019 Copper junior Nzuri Copper has secured a loan facility of A$3-million from major shareholder Tembo Capital Mining, to advance its Kalongwe copper/cobalt project, in the Democratic Republic of Congo. The unsecured loan will have a maturity date of nine months once the definitive agreement has... 

Snake Well sale completed

By: Esmarie Iannucci     12th February 2019 ASX-listed junior Kalamazoo Resources has completed the A$7-million sale of its Snake Well gold project, in Western Australia. The company in November of last year reached an agreement with privately-held Adaman Resources to divest of the project, while maintaining a 2.5% net smelter royalty on... 

Stanmore posts record half-year

By: Esmarie Iannucci     12th February 2019 Coal miner Stanmore Coal has reported a record first half, with revenues increasing by 791% on the previous corresponding period, while gross profits from operations nearly doubled. Stanmore on Tuesday reported that revenue for the first half of the 2019 financial year reached A$148.28-million,... 

Shareholders approve Beadell takeover

By: Esmarie Iannucci     12th February 2019 The shareholders of both ASX-listed Beadell Resources and its suitor Great Panther Silver have approved a takeover of Beadell. Great Silver Panther in September last year launched a friendly $105-million takeover for gold miner Beadell, which owns the Tucano gold mine, in Brazil. 

Neometals recycling pilot gets under way

By: Esmarie Iannucci     12th February 2019 ASX-listed Neometals has commissioned Stage 1 of its lithium-ion battery recycling pilot plant in Canada. The pilot project is intended to demonstrate Neometals’ mixed feed flowsheet, which will accommodate a variety of lithium-ion battery types from multiple sources. The plant is expected to... 

CIL lines up capex for renewed thrust on developing CBM assets

By: Ajoy K Das     12th February 2019 Seizing an opportunity offered by recently relaxed rules, State-run miner Coal India Limited (CIL) has lined up a corpus of around $422-million to kick-start its sputtering coalbed methane (CBM) projects. The renewed thrust of getting the CBM projects off the ground would be initiated by Bharat... 

Opinion: Are there really more jobs in coal than in renewables? 

By: Tobias Bischof-Niemz     12th February 2019 There is considerable support in South Africa for the notion that a transition in the electricity system from coal to renewable energy will trigger a jobs bloodbath at both Eskom and the Mpumalanga coal mines. A detailed analysis of the job numbers, however, suggests quite the opposite. In fact,... 

Opinion: Are there really more jobs in coal than in renewables?
Dr Tobias Bischof-Niemz

Detour, Paulson settle last item from proxy battle

By: Marleny Arnoldi     12th February 2019 Canadian miner Detour Gold and investment firm Paulson & Co have agreed to the dismissal of court action that the mining company issued on July 24 last year. As part of the agreement, both companies will provide re-leases of certain claims in respect of the proxy contest, complaints made by... 

Southern Copper says Peru plant to be partially suspended 3 to 5 days

By: Reuters     12th February 2019 Southern Copper Corp said on Monday that a key plant it uses to produce copper in Peru would not fully restart for another three to five days while work is done on its tailings and railway infrastructure following heavy rains. Peru's environmental regulator OEFA has been investigating a... 

Firestone’s Lesotho mine delivers 70 ct diamond

By: Simone Liedtke     12th February 2019 Aim-listed Firestone Diamond has recovered a 70 ct white, makeable diamond from its Liqhobong mine, in Lesotho. CEO Paul Bosma said on Tuesday that the 70 ct stone was recovered in the northern, low grade part of the pit where the bulk of Firestone’s mining would take place in the coming months. 

Connemara mulls name change to ‘Arkle Resources’

By: Simone Liedtke     12th February 2019 Gold and zinc explorer Connemara Mining on Tuesday announced a proposed name change to Arkle Resources. The name change, while reflecting the company’s heritage as an Ireland-based business established to focus on zinc assets, would better reflect its diversified position in gold and zinc... 

Electrical equipment group aims to penetrate new markets with integrated offering 

By: Terence Creamer     12th February 2019 Electrical products manufacturer Zest WEG Group has added an integrated-solutions offering to its products-oriented sales strategy in a bid to penetrate market segments in which there is a growing appetite for all-encompassing solutions. The South African company is the fifth largest branch... 

Electrical equipment group aims to penetrate new markets with integrated offering
Zest WEG Group CEO Siegfried Kreutzfeld in conversation with Engineering News Editor Terence Creamer on the group's growth strategy. Camera Work & Editing: Darlene Creamer.

Harmony Gold net profit plunges, operational cash soars

By: Martin Creamer     12th February 2019 The net profit of Harmony Gold plunged in the six months to December 31, dropping from R897-million for the corresponding period of last year to R75-million. However, production soared by 34% and operations generated R1.1-billion in free cash flow on the inclusion of the acquired Moab Khotsong... 

Harmony Gold net profit plunges, operational cash soars
Photo by Creamer Media Chief Photographer Dylan Slater
Harmony Gold CEO Peter Steenkamp

First US coal plant in years opens where no options exist

By: Bloomberg     11th February 2019 One way to boost coal in the US: Find a spot near a mine with no access to oil or natural gas pipelines, where it’s not particularly windy and it’s dark much of the year. That’s how the first coal-fired plant to open in the US since 2015 bucked the trend in an industry that’s seen scores of... 

Vale's rout lures locals while foreigners remain wary, UBS says

By: Bloomberg     11th February 2019 Local investors are starting to see value in Vale SA shares after a fatal accident last month wiped out nearly a quarter of its market value, while global investors remain skeptical, according to UBS Group. Approximately 80% of Brazilian investors are showing interest in buying Vale after the... 

Great Panther shareholders OK Beadell acquisition

By: Mariaan Webb     11th February 2019 The $105-million all-scrip acquisition of Beadell Resources by Great Panther ticked a key box on Monday, as shareholders of the TSX-listed miner approved the transaction. Shareholders in Beadell, which has a listing on the ASX, will meet in Perth on Tuesday and should they approve the... 

Trudeau faces ethics investigation over SNC-Lavalin case

By: Bloomberg     11th February 2019 Canada’s ethics watchdog is investigating whether Prime Minister Justin Trudeau broke the rules and pressured his former attorney general to help SNC-Lavalin Group settle corruption charges out of court. Ethics Commissioner Mario Dion confirmed his investigation Monday in a letter to two New... 

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