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Latest News

EVs to become main driver of battery storage deployment over next decade, says Fitch Solutions

By: Simone Liedtke     5th December 2018 The electric vehicle (EV) market is set to become the main driver of surging battery storage deployment over the next decade, following increasing ambitions by developed and emerging markets to decarbonise their transport sectors, and will have a substantial disruptive effect on how energy is... 

Springs-based fuel cell SEZ approved  

By: Nadine James     5th December 2018 The special economic zone (SEZ) for fuel cell development, proposed for development by the Gauteng Industrial Development Zone initiative and Impala Platinum (Implats), has been approved, Implats fuel cell coordinator Fahmida Smith told attendees at the International Partnership for Hydrogen and... 

Innovate and generate cash at same time – Dassault Systèmes Geovia  

By: Martin Creamer     5th December 2018 The objectives of innovating and generating cash are not mutually incompatible and can be achieved at multiple levels simultaneously, says Dassault Systèmes Geovia Brand CEO Raoul Jacquand, who was in Johannesburg to showcase the French company’s suite of advanced three-dimensional (3D) software.... 

Innovate and generate cash at same time – Dassault Systèmes Geovia
Dassault Systèmes Geovia Brand CEO Raoul Jacquand spoke to Mining Weekly Online’s Martin Creamer on new mining technology. Video: Christo Greyling. Photogaphs: Creamer Media Chief Photographer Dylan Slater.

Singida project economics estimate 26 000 oz/y of production, IRR of 67%

By: Marleny Arnoldi     5th December 2018 Aim-listed Shanta Gold has determined that openpit mining at its Singida gold mine, in Tanzania, will be capable of producing an average 26 000 oz/y for six years. The company expects to increase its total gold production from all operations to more than 100 000 oz/y from 2020.  

Exploration surges in Queensland

By: Esmarie Iannucci     5th December 2018 Queensland is experiencing a resurgence in exploration investment across all commodities, a new report from the Queensland Exploration Council (QEC) has shown. The annual QEC Exploration Scorecard found coal exploration has increased for the first time since 2011/12, going up by 27%, while... 

Brazil prosecutors say Petrobras received bribes from Glencore, Trafigura and Vitol

By: Reuters     5th December 2018 Brazil prosecutors alleged on Wednesday that employees at State-owned oil company Petroleo Brasileiro received bribes from trading giants Vitol, Trafigura and Glencore in return for business. Prosecutors said the companies bribed employees at Petrobras, as the Brazilian State oil company is... 

Congo mining revenues jump 147% in first 9 months

By: Reuters     5th December 2018 Democratic Republic of Congo (DRC) collected $1.21-billion in revenues from its mining sector over the first nine months of 2018, an increase of 147.4% over the same period last year, finance ministry data showed. Revenues from the hydrocarbons sector rose 1.4% over that same period to... 

Brazil launches new mining regulator in twilight of Temer govt

By: Reuters     5th December 2018 Brazil launched on Wednesday a new mining regulator aimed at cleaning up its slow permitting process, in an 11th-hour victory for outgoing President Michel Temer's reform agenda. The National Mining Agency (ANM) will replace the previous National Department of Mineral Production (DNPM). The... 

Petra, BEE partner conclude sale of KEM JV stake to Ekapa Mining

By: Marleny Arnoldi     5th December 2018 LSE-listed Petra Diamonds on Wednesday announced the completion of the sale of its and its black economic empowerment partner’s 75.9% interest in the Kimberley Ekapa Mining joint venture (KEM JV) for R300-million to JV partner Ekapa Mining. The KEM JV incorporates the Kimberley underground... 

Miners bear brunt of risk aversion as investors take fright

By: Reuters     5th December 2018 A two-year recovery in the mining industry has faltered, as trade tensions between China and the United States and concerns about economic growth weaken commodity prices and deter investment. Institutional investors and fund managers say tighter regulations, namely MiFID, a major reform of... 

Miners bear brunt of risk aversion as investors take fright

Petropavlovsk processes first refractory ore at POX

By: Mariaan Webb     5th December 2018 The pressure oxidation (POX) hub of Russian miner Petropavlovsk has processed its first refractory ore – a month ahead of schedule, the company said on Wednesday, adding that it remained on track for commercial gold production from the POX in the first quarter. Autoclave one processed 320 t of... 

Petropavlovsk processes first refractory ore at POX
The POX hub will process refractory ore.

Glencore assists Eskom, a minerals-energy complex, Anglo's land commitment make headlines 

5th December 2018 This week, Mining Weekly editor Martin Creamer unpacks Glencore assisting Eskom, renewable energy and Anglo’s commitment to land solutions.   

Glencore assists Eskom, a minerals-energy complex, Anglo's land commitment make headlines
Glencore assists Eskom, a minerals-energy complex, Anglo's land commitment make headlines

Monchetundra now fully authorised

By: Creamer Media Reporter      5th December 2018 The office of Russian Prime Minister Dmitry Medvedev has official approved the mine permit for the Monchetundra platinum group metals (PGM) and base metals mine, Aim-listed Eurasia Mining reported on Wednesday. The permit was awarded in November, but required approval from Medvedev’s office. 

Ausenco developing an industry response plan for slurry pipelines

By: Esmarie Iannucci     5th December 2018 Consulting, engineering and project delivery firm Ausenco is busy incorporating client feedback from a recent symposium in Chile, into an industry response plan to address failures of long-distance slurry pipelines. The symposium, which was held at the end of October, was attended by... 

FIFO workers faces higher stress levels - study

By: Esmarie Iannucci     5th December 2018 New research by Curtin University has shown that one-third, or 33% of Western Australia’s fly-in, fly-out (FIFO) workforce was affected by high levels of psychological distress compared to only 17% of non-FIFO workers.   

Lucapa starts commercial production in Lesotho

By: Esmarie Iannucci     5th December 2018 Commercial diamond mining has started at the Mothae mine, in Lesotho, ASX-listed Lucapa Diamonds reported on Wednesday. “Lucapa is on track to become one of a few listed diamond companies globally with production from more than one operating mine,” said Lucapa MD Stephen Wetherall. 

Korean investor looks at $430m LNG import terminal

By: Esmarie Iannucci     5th December 2018 The port of Newcastle has been tipped as the location for a proposed $430-million gas import terminal to be developed by South Korea’s EPIK. EPIK this week entered into a project development option agreement with the port of Newcastle to start preliminary works on the a proposed liquefied natural... 

Sanbrado financing in the bag – West African Resources

By: Esmarie Iannucci     5th December 2018 Gold developer West African Resources has secured funding sufficient to start support the start of gold production at its Sanbrado project, in Burkina Faso. The ASX, and TSXV-listed company on Wednesday reported that it had secured a credit approved $200-million finance facility with Taurus Funds... 

BHP gets approval for Venus

By: Esmarie Iannucci     5th December 2018 Diversified miner BHP has been granted development approval of its Venus underground nickel mine, by the Western Australian state government. Venus, which was discovered six years ago, will be the source of high-grade material that will feed the Leinster nickel operation’s mille and concentrator... 

Physical gold buying to remain ‘solid’ in 2019 – WGC

By: Marleny Arnoldi     5th December 2018 The World Gold Council (WGC) expects the key factors that drove gold pricing in the second half of this year to continue to hold sway over the market in 2019. WGC chief market strategist John Reade said in a statement issued on Wednesday that the gold price had generally trended down from... 

Physical gold buying to remain ‘solid’ in 2019 – WGC

Financial close delay for Resgen’s Waterberg project

By: Marleny Arnoldi     5th December 2018 JSE- and ASX-listed Resource Generation (Resgen) on Wednesday confirmed that the timeline for its credit committee meeting arranged by a funding syndicate member will not be met, as hoped, before the Christmas break. Last month, Resgen advised that discussions with the lender’s deal team, which... 

Palladium tops gold after rally powered by surge in demand

By: Bloomberg     5th December 2018 Gold just got left behind by one of its sister metals. After a demand-fueled rally over the past four months that’s seen prices hit a record, palladium for immediate delivery topped gold following a surge higher. Palladium, which hasn’t traded at a sustained premium to gold in 16 years, has... 

Zimbabwe to allow two new companies to mine diamonds

By: Reuters     5th December 2018 Zimbabwe will now allow two more private companies to explore and mine diamonds in the country, bringing to four the number of firms that will operate in the sector, mines minister Winston Chitando has said. Last week Chitando said the country did not plan to change its ownership rules for... 

Sibanye writes open letter to AMCU amid violent strike at its gold operations

By: Marleny Arnoldi     5th December 2018 JSE- and NYSE-listed gold miner Sibanye-Stillwater has written an open letter to Association of Mineworkers and Construction Union (AMCU) president Joseph Mathunjwa amid an ongoing strike at the miner’s gold operations. Sibanye especially condemned the “needless loss of three lives” that have... 

HySA strategy bears fruit with multiple projects nearing commercialisation 

By: Nadine James     5th December 2018 The Hydrogen South Africa (HySA) strategy has produced multiple inventions and pilot projects that are nearing commercialisation, Department of Science and Technology Hydrogen and Energy chief director Dr Rebecca Maserumule told attendees of the thirtieth International Partnership for Hydrogen... 

High risk/high reward lithium bet drives Argentina mining surge

By: Bloomberg     5th December 2018 High risk/high reward. That’s the bet being made by global lithium miners in Argentina who are brushing aside a recession, a currency crisis and political uncertainty in their hunger for the mineral that helps power electric cars. Rising demand and limited supply have resulted in lithium prices... 

Copper deals to get elusive after Teck's $1.2bn sale

By: Bloomberg     5th December 2018 The global hunt for high-quality, low-risk copper assets that are ready for construction is about to get tougher after Teck Resources sells a stake in one of the few deals available. Sumitomo and Sumitomo Metal Mining agreed to pay $1.2-billion for 30% of the Compañia Minera Teck Quebrada Blanca... 

How power utility Eskom is hobbling South Africa's economy  

By: Bloomberg     5th December 2018 It’s deja vu for South Africa as a chronic power deficit plunges large tracts of the country into darkness and casts a pall over the already struggling economy. Eskom Holdings, which supplies most of the nation’s electricity, has instituted daily rolling blackouts since November 29 to avert a... 

How power utility Eskom is hobbling South Africa's economy

Ramelius offer not fair or reasonable – Explaurum

By: Esmarie Iannucci     5th December 2018 Takeover target Explaurum has urged shareholders to reject a takeover offer from gold miner Ramelius Resources, after an independent expert determined that the offer was neither fair, nor reasonable. The independent expert valued Explaurum shares at between 10.4c and 14.3c each, while the... 

Xolobeni turns Mantashe away

By: News24Wire      5th December 2018 The community of Xolobeni in the Eastern Cape have reiterated that they do not want a mine in their area, despite the Department of Mineral Resources supposed intentions to issue mining rights. The community leaders released a statement on Tuesday, and said that the affected Umgungundlovu... 

Xolobeni turns Mantashe away
Mineral Resources Minister Gwede Mantashe

Australia’s Lynas tumbles on new Malaysia conditions

By: Esmarie Iannucci     5th December 2018 The share price of ASX-listed Lynas fell by 22% on Wednesday after the Malaysian government imposed new conditions on the Lynas Advanced Materials Plant (LAMP), despite the outcome of the recent review into the company’s operations in that country. The Review Committee report was posted online... 

Australia’s Lynas tumbles on new Malaysia conditions
Lynas CEO Amanda Lacaze

Vale to pump $500m into nickel mine, ends partner quest

By: Reuters     4th December 2018 Brazilian miner Vale SA, the world's top nickel producer, wants to shore up its nickel business before the electric vehicle revolution, but lowered 2019 output forecasts for the metal, a key ingredient in lithium batteries. In presentation to investors in New York, Vale executives projected the... 

Vale to pump $500m into nickel mine, ends partner quest
Vale CEO Fabio Schvartsman

Two proxy advisory firms back Hudbay-Mason deal

By: Mariaan Webb     4th December 2018 Proxy advisory services firms Institutional Shareholder Services and Glass Lewis & Co have recommended that Mason Resources shareholders vote for the transaction in which the company will be acquired by Hudbay Minerals. The plan of arrangement between the companies were announced on November 1,... 

Southwestern Energy completes $1.87bn Fayetteville shale sale

By: Creamer Media Reporter      4th December 2018 NYSE-listed natural gas firm Southwestern Energy has completed the sale of its Fayetteville shale assets to Flywheel Energy, a private company backed by Kayne Private Energy Income Funds, for $1.865-billion in cash. The company will focus its efforts on its natural gas assets in Appalachia,... 

Serbia's mining sector could contribute 5% of national output by 2023

By: Reuters     4th December 2018 Serbia's mining industry could expand to 5% of national output by 2023 if foreign investors keep commitments to plough millions of dollars into copper and lithium production, its Mining Minister said. The sector currently accounts for 1% of Serbia's gross domestic product. But since 2000, when a... 

Serbia's mining sector could contribute 5% of national output by 2023

Taseko buys BC copper project for $15m

By: Mariaan Webb     4th December 2018 Base metals producer Taseko Mines on Tuesday announced the $15-million acquisition of Yellowhead Mining, which owns the Harper Creek copper/gold/silver project in British Columbia, where the company already operates the Gibraltar mine. With proven and probable reserves of 3.6-billion pounds of... 

World Bank president visits occupational lung disease outreach

By: Creamer Media Reporter      4th December 2018 World Bank president Dr Jim Yong Kim, who is currently on an official visit to South Africa, was this week hosted on a visit to an occupational lung disease outreach being carried out by various South African organisations. Kim was accompanied by Health Minister Dr Aaron Motsoaledi; Compensation... 

Ore reserves at Montepuez rise to 42.2Mt

By: Creamer Media Reporter      4th December 2018 The ore reserves at ASX-listed Battery Minerals' Montepuez graphite project, in Mozambique, have increased to 42.2-million tonnes at 9.3% total graphitic carbon (TGC) for 3.9-million tonnes of graphite. This compares with the ore reserve estimate of 41.1-million tonnes at 8.8% TGC for 3.6-million... 

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