R/€ = 16.45 Change: 0.02
R/$ = 14.49 Change: 0.01
Au 1303.21 $/oz Change: -1.48
Pt 855.34 $/oz Change: 19.06

Latest News

Atrum strikes while the iron is hot

By: Esmarie Iannucci     8th March 2019 Coal miner Atrum Coal has raised A$20-million through a two tranche share placement to progress its Elan hard coking coal, in Alberta Canada, taking advantage of the spotlight cast by a recent takeover offer for its neighbor Riversdale Resources. Hancock Prospecting last week announced an A$2.20... 

Yamana puts Agua Rica into its Argentina JV with Goldcorp and Glencore

By: Mariaan Webb     8th March 2019 TSX- and NYSE-listed Yamana Gold has announced that the Agua Rica project, in Argentina, will be developed and operated using the existing infrastructure and facilities of a joint venture (JV) that it has with Glencore and Goldcorp in that country. The integration of the Agua Rica copper project... 

New emissions guidelines from WA watchdog raise concerns

By: Esmarie Iannucci     8th March 2019 The Western Australian government on Friday said that it would consult with the state’s Environmental Protection Authority (EPA) after the release of new guidelines to cut greenhouse gas emissions. The EPA said that the revised guidelines would help proponents of significant proposals in the... 

New emissions guidelines from WA watchdog raise concerns

Rio Tinto’s new bauxite mine completed early, under budget

By: Esmarie Iannucci     8th March 2019 Diversified major Rio Tinto has completed the commissioning of its A$2.6-billion Amrun bauxite mine, in the Cape York Peninsula. “Amrun was completed early and under budget, demonstrating Rio Tinto’s productivity and innovation capabilities. By applying fresh thinking we also delivered safety,... 

Australia seeks to harness opportunities offered by critical minerals

By: Esmarie Iannucci     8th March 2019 An abundance of critical minerals and world-class mining expertise could provide Australia with an avenue for further economic growth, a new report by Geoscience Australia has found. Resources and Northern Australia Minister Matt Canavan said on Friday that the report, titled ‘Critical Minerals... 

Alta shakes the tin for Italian project

By: Esmarie Iannucci     8th March 2019 ASX-listed junior Alta Zinc will raise some A$4.3-million through a four-for-five non-renounceable pro-rata rights issue priced at 0.4c a share. The rights issue price represented a 33% discount to Alta’s closing price on March 7, and a 32% discount to the ten-day volume weighted average share... 

RBPlat, Implats make headlines 

8th March 2019 This week Mining Weekly editor Martin Creamer discusses mining’s increased investigation of renewable energy, government support for a national platinum strategy and the PGM zone gazetting. 

RBPlat, Implats make headlines
RBPlat, Implats make headlines.

Tanzania orders cleanup at Acacia gold mine, threatens closure 

By: Reuters     8th March 2019 Tanzania has given Acacia Mining up to March 30 to stop waste water pollution at North Mara gold mine or face a shutdown, its mining minister said. Doto Biteko, said he had issued the deadline to stop what he said was seepage of contaminated water from a mining waste storage dam to surrounding... 

Opinion: In the pursuit of gender equality

8th March 2019 In this opinion piece, De Beers Group CEO Bruce Cleaver outlines the diamond miner's approach to creating a more inclusive world for all. For more than a century, International Women's Day has been celebrated annually on March 8 to recognise the social, economic, cultural and political... 

Opinion: In the pursuit of gender equality
De Beers Group CEO Bruce Cleaver

Multibillion-dollar Zim PGMs project making progress 

By: Natasha Odendaal     8th March 2019 In the heart of the Great Dyke of Zimbabwe, within the world’s second-largest known platinum group metals (PGMs) deposits, exploration has started on the 23 903 ha mining area of the Karo platinum project. One year after Cyprus-based Karo Mining signed the $4.2-billion deal to develop the latest... 

Multibillion-dollar Zim PGMs project making progress

Opinion: If there are more jobs in renewables, why are coal miners so unhappy?

By: Tobias Bischof-Niemz     8th March 2019 As outlined previously, an electricity system made up of solar photovoltaic (PV) plants, wind farms and flexible generators will employ at least 30% more people than a comparable energy-equivalent coal fleet (see the Transition Talk column in the February 22-28 edition of Engineering News). This... 

Opinion: If there are more jobs  in renewables, why are coal miners so unhappy?
The net benefits of a least-cost mix of solar PV, wind and flexibility should be directed towards policies that support coal workers

Detour Gold reports FY results, Gowans quits as chair

By: Simone Liedtke     7th March 2019 Canadian midtier gold producer Detour Gold on Thursday reported weaker adjusted full-year earnings and announced that James Gowans had resigned as chairperson with immediate effect. The miner, which recently emerged from a proxy battle with Paulson & Co, said Gowans had resigned to focus on other... 

Global gold-backed ETF holdings retreat in February – WGC

By: Simone Liedtke     7th March 2019 After four consecutive months of inflows, holdings in global gold-backed exchange-traded funds (ETFs) and similar products fell by 33 t in February to 2 479 t, which is equivalent to about $1.3-billion in outflows. Global assets under management (AUM) fell by 2% to $105-billion over the course of... 

Beowulf unit receives funding for graphite research

By: Marleny Arnoldi     7th March 2019 Aim-listed Beowulf subsidiary Oy Fennoscandian Resources will receive additional funding from Business Finland of €224 900 towards graphite purification and spheroidisation testwork, and further assessment of Fennoscandian’s graphite for battery applications. Business Finland has been granted... 

Alrosa sees gradual recovery in smaller diamond market

By: Marleny Arnoldi     7th March 2019 Russian diamond miner Alrosa in February sold rough and polished diamonds worth $345-million, which was up 23% compared with January’s sales of $281-million, but down significantly on the $541.9-million sold a year earlier. Rough diamond sales in February comprised $340-million, compared with... 

Negotiations to acquire Universal ongoing – Wescoal 

By: Tasneem Bulbulia     7th March 2019 JSE-listed Wescoal on Thursday said negotiations regarding a potential buyout of Universal Coal by a consortium that Wescoal is a part of, were ongoing. “Negotiations regarding the conclusion of detailed transaction agreements are still in progress,” it said in a statement. 

Jogmec finalises 9.75% Waterberg project stake sale to Hanwa 

By: Marleny Arnoldi     7th March 2019 TSX- and NYSE-listed Platinum Group Metals (PTM) on Thursday reported that Japan Oil, Gas and Metals National Corporation (Jogmec) has completed the transfer of a 9.75% interest in the Waterberg palladium project, in South Africa, to Hanwa. Jogmec previously held a 21.95% interest in the... 

SRK Exploration Services appoints John Hunt local manager

By: Marleny Arnoldi     7th March 2019 SRK Exploration Services has appointed John Paul Hunt local manager, representing the Cardiff-based company that works in close collaboration with the SRK Consulting South Africa office in Johannesburg. Prior to joining SRK Exploration, Hunt served as senior exploration geologist at the Council... 

Crusader details future plans as it withdraws from the UK, returns to ASX

By: Mariaan Webb     7th March 2019 Following the return of former chairperson Stephen Copulos and the resignation of UK-based chairperson Andrew Vickerman and MD Marcus Engelbrecht, Crusader Resources on Thursday detailed its future strategy, which includes a withdrawal from the Aim and a planned return to trading on the ASX. The... 

NUM vows to press on with strike at Dwarsivier mine in Limpopo

By: African News Agency      7th March 2019 About 1 500 members of the National Union of Mineworkers have resolved to press on with a strike at Dwarsrivier mine in Limpopo to back demands for various allowances, the union said on Thursday. Underground, surface and administration workers have now been on strike for three days, demanding... 

Energy Regulator sanctions 13.82% Eskom tariff hike for 2019 

By: Terence Creamer     7th March 2019 South Africa’s Energy Regulator has granted Eskom allowable revenue of R206.38-billion for 2019/20, which will translate into a tariff increase of 9.41% from April 1, exclusive of the 4.41% hike sanctioned following an adjudication, in 2018, of three Eskom regulatory clearing account (RCA)... 

Energy Regulator sanctions 13.82% Eskom tariff hike for 2019
Photo by Creamer Media's Dylan Slater
Nersa CEO Chris Forlee, Nersa regulatory member for electricity and piped gas Nomfundo Maseti, Nersa chairperson Jacob Modise and Nersa communications head Charles Hlebela

McEwen suspends planned distribution

By: Mariaan Webb     7th March 2019 Operating issues at the Black Fox mine and with the start-up of the Gold Bar mine have resulted in McEwen Mining suspending its planned distribution on March 15. The NYSE- and TSX-listed McEwen announced on Thursday that it would not be paying the distribution of 0.5c a share, citing the issues... 

McEwen suspends planned distribution
The Black Fox mine is facing challenges reaching targeted productivity levels.

Upper ore breakthrough boosts Implats’ Zimbabwe resource base 

By: Martin Creamer     7th March 2019 The development of an effective method of mining upper ores, which have in the past been excluded from stoping plans, has increased the resource base of the Bimha and Mupani platinum group metals (PGMs) mines in Zimbabwe, Impala Platinum (Implats) CEO Nico Muller has disclosed. In response to... 

Upper ore breakthrough boosts Implats’ Zimbabwe resource base
Zimplats Mupani Mine

Codelco continues lithium push despite slow progress – Minister

By: Reuters     7th March 2019 Chilean State-run miner Codelco will continue to develop its lithium assets, including committing $57-million for further exploration, Chile's Mining Minister told Reuters, even as progress has stagnated at its flagship projects. The company, already the world's largest copper producer, has... 

With sanctions lifted, Rusal says it's business as usual

By: Reuters     7th March 2019 Rusal, the world's largest aluminium producer outside China, said on Thursday its business was back to normal after U.S. sanctions were lifted in January, and reiterated a positive outlook for the global aluminium market. The company said sales were gradually returning to levels seen before the... 

With sanctions lifted, Rusal says it's business as usual

Newmont designates Evrim’s Astro project for option

By: Creamer Media Reporter      7th March 2019 Gold major Newmont Mining has designated the Astro project for option under the terms of an exploration alliance with Canadian junior Evrim Resources. The Astro project is situated on the western margin of the Mackenzie platform, a basin which runs parallel to the Yukon and Northwest Territories... 

Walkabout improves metrics of Lindi project

By: Esmarie Iannucci     7th March 2019 An enhanced definitive feasibility study (DFS) into the Lindi Jumbo graphite project, in Tanzania, has delivered a significant economic boost for the project, owner Walkabout Resources told shareholders on Thursday. The updated DFS increased the projected mine life by four years, to 24 years,... 

Walkabout improves metrics of Lindi project

Updated study cuts Wiluna’s projected costs

By: Esmarie Iannucci     7th March 2019 An updated scoping study for the Wiluna uranium project, in Western Australia, has reduced the potential capital cost from A$91.6-million to A$87.9-million. Projected operating costs have also been reduced from A$16.08/lb of uranium dioxide (U3O8), to A$14.59/lb. 

Mining is experiencing a renaissance, says outgoing PDAC president

By: Creamer Media Reporter      7th March 2019 Despite economic challenges and uncertainty, the mining industry is experiencing a “renaissance and a renewed sense of confidence”, Prospectors and Developers Association of Canada (PDAC) president Glenn Mullan remarked on Wednesday, as the yearly mining convention wrapped up in Toronto. “After... 

NT launches next round of drill funding

By: Esmarie Iannucci     7th March 2019 The Northern Territory government has opened up the twelfth round of collaborative grants for exploration drilling and geophysics. The programme provides collaborative funding of 50% for up to A$125 000 per project of the total costs for drilling and geophysical programmes by industry, for... 

Vector launches DFS in DRC

By: Esmarie Iannucci     7th March 2019 ASX-listed junior Vector Resources has launched definitive feasibility study (DFS) for the Adidi-Kanga gold project, in the Democratic Republic of Congo, after acquiring a 60% share in the project. Vector on Thursday noted that it has provided the first tranche of financial settlement under the... 

Santos prices $600m bond

By: Esmarie Iannucci     7th March 2019 Oil and gas major Santos on Thursday priced a $600-million senior unsecured fix rate bond, with the proceeds to be used for refinancing a $500-million bridge facility used to part fund the Quadrant Energy acquisition, as well as for general corporate purposes. The bonds have been priced at a... 

Goulamina granted enviro permit

By: Esmarie Iannucci     7th March 2019 ASX-listed Birimian has received the environmental permit for its Goulamina lithium project, in Mali. “This is a significant milestone for the Goulamina project and is the culmination of a great deal of hard work on the part of the project team,” said Birimian MD Chris Evans.  

Newmont calls initial Nevada joint venture talks with Barrick 'productive'

By: Reuters     6th March 2019 Newmont Mining Corp said on Wednesday that initial talks on a possible Nevada joint venture with Barrick Gold Corp were productive. Barrick CE Mark Bristow and Newmont CEO Gary Goldberg met for dinner on Tuesday night in New York. Major shareholders have pushed for a Nevada JV, expressing concern... 

Zimbabwe to scrap platinum, diamond mine ownership rules

By: Bloomberg     6th March 2019 Zimbabwean Finance Minister Mthuli Ncube said a rule requiring local investors to control platinum mines will be scrapped and foreigners will be allowed to own 100% in a bid to revive investment. “We are removing that indigenization rule, which is discouraging foreign direct investment,” Ncube... 

Baxter outlines steps needed to realise full potential of South African mining sector at PDAC

By: Simone Liedtke     6th March 2019 Minerals Council South Africa CEO Roger Baxter on Wednesday outlined the important contribution made by the South African mining sector, the vast potential of the skills that still exists within the industry and the steps that are needed to enable the country’s mining sector to realise its full... 

Baxter outlines steps needed to realise full potential of South African mining sector at PDAC
Photo by Creamer Media's Dylan Slater
Minerals Council South Africa CEO Roger Baxter

M&R’s underground mining order book rises to R25bn amid oil and gas slowdown

By: Terence Creamer     6th March 2019 A strong performance from Murray & Roberts’ (M&R’s) underground mining business was insufficient to offset lower contributions from its oil and gas, as well as its power and water platforms in the six months to December 31, 2018. The JSE-listed company reported a 17% fall, to R9.8-billion, in... 

M&R’s underground mining order book rises to R25bn amid oil and gas slowdown

De Beers’ diamonds receive Assure approval

By: Tasneem Bulbulia     6th March 2019 De Beers Group Industry Services on Tuesday announced that all four of its diamond verification instruments (DVIs) submitted for testing as part of the Assure programme had received “outstanding” results. The Assure programme is a joint collaboration between the Diamond Producers Association... 

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