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Latest News

Ormonde moves into commissioning phase, reports slight delay in schedule

By: Mariaan Webb     12th September 2018 Commissioning activities have started at the Barruecopardo tungsten project in Salamanca, Spain, marking a major project milestone, developer Ormonde reported on Wednesday, but cautioned that first production has been pushed out 2019. The Aim-listed company said the the turnkey crush and screen... 

Toro Gold reports promising drilling results to extend Senegal mine’s life

By: Marleny Arnoldi     12th September 2018 Gold miner Toro Gold has reported highlights from its 60-hole 15 000 m core drilling programme that is under way at its 90%-owned Mako gold mine, in Senegal, including 19.5 m at 3.4 g/t gold from 193.4 m. The programme is targeting mineralisation underneath the current openpit that has the... 

South Africa's iron-ore railway to be shut down for annual maintenance

By: Reuters     12th September 2018 The main railway line along South Africa's iron-ore corridor will be shut down for annual maintenance from September 26 to October 2, State-owned freight logistics firm Transnet said on Wednesday. The railway line that stretches up to 861 km (534 miles) from iron-ore mines at Sishen in the... 

Congo Mines Minister insists no compromise on new mining code

By: Reuters     12th September 2018 Democratic Republic of Congo's mines minister said on Wednesday that a new mining code signed into law in March that hikes royalties and taxes cannot be called into question. Addressing a mining conference in the copper and cobalt-mining city of Kolwezi, Martin Kabwelulu called on industry... 

Congo Mines Minister insists no compromise on new mining code
Photo by Reuters
DRC Mines Minister Martin Kabwelulu

Global Energy sets sight on US cobalt project

By: Mariaan Webb     12th September 2018 Cobalt-focused Global Energy Metals is set to acquire a past-producing mine and project that are about 150 km from the gigafactory that electric vehicle manufacturer Tesla is building in Sparks, Nevada. Global Energy, which already owns the Werner Lake cobalt mine in Ontario, Canada, and an... 

Record production boosts Atalaya’s H1 Ebitda

By: Marleny Arnoldi     12th September 2018 Aim- and TSX-listed copper miner Atalaya Mining delivered earnings before interest, taxes, depreciation and amortisation (Ebitda) of €34.4-million for the six months ended June 30, compared with €24.5-million in the first half of 2017, on the back of record production at the company’s Proyecto... 

Gran Colombia ups FY guidance

By: Mariaan Webb     12th September 2018 TSX-listed Gran Colombia has increased its gold production guidance for 2018 by between 10 000 oz and 20 000 oz, following a strong performance in the first eight months of the year. The company, which operates several underground mines at Segovia and Marmato in Colombia, produced 36% more gold... 

Urquhart still on the radar

By: Esmarie Swanepoel     12th September 2018 An updated prefeasibility study (PFS) into the Urquhart bauxite project, in Queensland, has confirmed the low capital cost requirements for the project development. The PFS estimated that a capital injection of A$2.2-million would be required to develop Urquhart to produce some 1.5-million... 

Toro tips cost savings at Wiluna

By: Esmarie Swanepoel     12th September 2018 Uranium developer Toro Energy has flagged the potential for significant cost reductions at its Wiluna uranium project, in Western Australia, following leach testing results. The ASX-listed company on Wednesday said that the leach testing results far exceeded expectations with efficiencies, pulp... 

Australian Potash gets licence for Lake Wells

By: Esmarie Swanepoel     12th September 2018 ASX-listed Australian Potash has been granted a mining lease at its Lake Wells sulphate of potash (SOP) project, in Western Australia. “This is a major milestone on the approvals pathway and a significant step towards completion of the definitive feasibility study,” said Australian potash MD... 

Northern Star backs Venturex plans

By: Esmarie Swanepoel     12th September 2018 Junior Venturex Resources has struck a deal with shareholder Northern Star Resources which will see the gold miner advance a A$2-million unsecured loan for the definitive feasibility study (DFS) on the Sulphur Springs copper/zinc project, in Western Australia. The unsecured loan will have a 12... 

Altus provides market update on exploration at Cameroon project

By: Tasneem Bulbulia     12th September 2018 Exploration activities at Altus Strategies’ 97.3%-owned 400 km2 Bikoula and Ndjele high-grade colluvial iron-ore licences in southern Cameroon have confirmed additional supergene haematite.   Reconnaissance pitting and mapping have confirmed additional supergene haematite; while the drilling... 

ACCC gives green light for A$13bn APA takeover

By: Esmarie Swanepoel     12th September 2018 The Australian Competition and Consumer Commission (ACCC) on Wednesday said that it would not oppose A$13-billion takeover of infrastructure group APA Group. The directors of the company in August unanimously recommended the A$11 a share takeover offer from a consortium led by CK Infrastructure... 

Titan could earn into Peru gold

By: Esmarie Swanepoel     12th September 2018 ASX-listed junior Titan Minerals could potentially acquire an 85% interest in the Las Antas gold project, in Peru, after negotiations with a private Peruvian company. Subject to the execution of a formal binding earn-in agreement, Titan could earn an initial 60% interest in the project by... 

Polyus on track to boost gold output in 2019

By: Reuters     12th September 2018 Polyus, Russia's largest gold producer, is on track to boost production to 2.8-million troy ounces and to reduce its capital expenditure in 2019, its CEO Pavel Grachev told Reuters. Its 2018 production is on track to reach the upper end of its forecast range of 2.375-million to 2.425-million... 

Polyus on track to boost gold output in 2019
Polyus CEO Pavel Grachev

Further Australian LNG projects needed to keep prices in check

By: Esmarie Swanepoel     12th September 2018 New Australian liquefied natural gas (LNG) supplies will have to come on line by 2028 in order to forestall a shortage, advisory firm Wood Mackenzie (WoodMac) has forecast. “The Queensland LNG export projects have shattered the east coast’s ‘cheap gas forever’ mentality,” WoodMac director for... 

Further Australian LNG projects needed to keep prices in check

European miners enter bear market with more pain seen for sector

By: Bloomberg     12th September 2018 A sixth consecutive day of declines took European miners to a bear market, and analysts predict more tough times for the sector that has lost more than 20 percent since June. “We have the beginning of a bearish trend,” Valerie Gastaldy, technical strategist at Day By Day, wrote in a note. “The... 

European miners enter bear market with more pain seen for sector

Ultra Lithium buys property adjacent to its Lucky Lake claim

By: Creamer Media Reporter      12th September 2018 TSX-V-listed explorer Ultra Lithium has entered into an agreement with fellow-listed International Lithium to buy the Forgan Lake lithium property, in the Thunder Bay, north-western Ontario. The Forgan Lake property, consisting of about 256 ha land in 16 units, comprises one legacy claim... 

Dedicated offshore transshipment area licensed at Sintoukola

By: Tasneem Bulbulia     12th September 2018 Potash project development company Kore Potash has received approval for a licence for the transshipment of potash and the discharge of waste brine in a dedicated offshore area at its flagship 97%-owned Sintoukola potash project in the Republic of Congo. The Maritime Authorisation licence – one... 

Brazil federal authorities should take up Belo Sun mine case, court rules

By: Reuters     12th September 2018 A Brazilian court ruled that a mine planned by Toronto-based Belo Sun Mining in the Amazonian state of Para should be examined by federal authorities and its licences reviewed, prosecutors said on Tuesday. The decision could further lengthen the approval process for the company, which has been... 

Simmering Alcoa labour dispute morphed into 'clash of the titans'

By: Bloomberg     12th September 2018 Workers of the Alcoa-controlled Becancour smelter in Quebec stand guard under umbrellas outside the gates. Whenever a vehicle approaches, a pair scurries to take down the driver’s details and make sure there’s no scab laborer in disguise. The ritual, witnessed on a rainy August morning, has... 

Cleveland-sized mine signals the path for an oil-sands revival

By: Bloomberg     12th September 2018 A colossal Canadian oil-sands project may be showing the way forward for an industry many thought would never see new investments. In a forest clearing roughly the size of Cleveland, building-sized trucks dump tons of oily soil into a massive crushing facility, while conveyors move the dirt on... 

Cleveland-sized mine signals the path for an oil-sands revival

Collaborative conversation between govt, stakeholders needed to drive mining industry transformation 

By: Simone Liedtke     11th September 2018 Turning around the fortunes of South Africa's mining industry will require greater collaboration between industry stakeholders, Department of Trade and Industry (DTI) director Yusuf Timol said on Tuesday. Speaking at a presentation hosted by the Mining Equipment Manufacturers of South Africa... 

Guptas' flagship Oakbay faces liquidation application over R2m unpaid rent

By: News24Wire      11th September 2018 Business rescue practitioners appointed to save a Gupta business have filed an application for the liquidation of the Gupta's flagship company, Oakbay Investments, as a result of its failure to pay rent to another Gupta-owned company, Tegeta. In court papers filed in the Johannesburg High Court... 

Exxaro, Seriti said to mull bids for South32 coal assets

By: Bloomberg     11th September 2018 Exxaro Resources and Seriti Resources are among groups considering bidding for South32’s South African thermal coal operations, which have been valued at almost $800-million, according to people familiar with the matter. South32’s South Africa Energy Coal unit, the country’s third-biggest... 

Exxaro, Seriti said to mull bids for South32 coal assets

Netstar introduces mine fleet safety solution

By: Marleny Arnoldi     11th September 2018 Telecommunications and information technology company Allied Electronics Corporation’s Netstar subsidiary has developed a unique and fully compliant solution that helps mitigate accidents in mine fleets. “Ensuring safe working conditions for the mining sector is a challenge, particularly when... 

Katoro expects Kibo Nickel acquisition to close soon, mining licence for Imweru pending

By: Marleny Arnoldi     11th September 2018 Aim-listed Katoro Gold had an active six months to June 30, with the continued development of the Imweru gold project, in Tanzania, and diversifying its portfolio with the acquisition of Kibo Nickel. The company expects the Kibo transaction to be completed shortly, which will give Katoro access... 

AMCU declares dispute with three gold mining companies 

By: Marleny Arnoldi     11th September 2018 The Association of Mineworkers and Construction Union (AMCU) on Tuesday warned gold miners Sibanye-Stillwater, Harmony Gold and Village Main Reef of an imminent strike, should they fail to meet the demands of mineworkers. Wage negotiations in the gold sector started in mid-July, and AMCU and... 

AMCU declares dispute with three gold mining companies
Photo by Reuters
AMCU president Joseph Mathunjwa

Alrosa sales in 2019 to exceed production

By: Reuters     11th September 2018 Russian diamond miner Alrosa said on Tuesday that its sales next year would be one-million to two-million carats higher than its production in 2019, the RIA news agency cited Alexei Filippovsky, its CFO, as saying. Alrosa expects it production to be around 37.5-million to 38-million carats next... 

Severe drought halts production at second K+S site in Germany

By: Reuters     11th September 2018 An ongoing severe drought in Germany has prompted minerals miner K+S on Tuesday to shut down production at a second site at its Werra mine network in central Germany. K+S shut down production at its Wintershall site two weeks ago and has now temporarily halted output at is Hattorf site, as... 

Gold mining battling to attract capital – Holland

By: Martin Creamer     11th September 2018 Capital is not as easily available to gold mining companies as it used to be. Gold producers are having to compete with gold-linked alternatives and can no longer rely on equity as a guaranteed means of financing projects or addressing balance sheet gearing. Making these points at the... 

Gold mining battling to attract capital – Holland
Photo by Creamer Media
Gold Fields CEO Nick Holland

Mkango completes another eight drill holes at Songwe Hill

By: Simone Liedtke     11th September 2018 Aim- and TSX-V-listed Mkango Resources on Tuesday announced that it has completed a further eight holes from the latest diamond drill programme at its Songwe Hill rare earths project, in Malawi. All eight drill holes intersected rare earth mineralisation, with selected intersections averaging 1%... 

Glencore-led Australian coal port wins court nod on $3.2 bln debt refinancing

By: Reuters     11th September 2018 Australia's Wiggins Island Coal Export Terminal obtained court approval on Tuesday for a $3.2-billion debt refinancing plan, offering respite to its owners who would have had to start repayments this month. The Queensland-based terminal, known as WICET, is 40% owned by miner and commodities... 

Altura finds another $15m for lithium project

By: Esmarie Swanepoel     11th September 2018 Lithium developer Altura Mining has secured an additional $15-million for its lithium project in the Pilbara, following an amendment deed with its existing loan note holders. “The additional funds will ensure the efficient ramp-up of commissioning towards nameplate capacity at the Altura lithium... 

Altura finds another $15m for lithium project

De Beers sales cycles delivering consistent value

By: Martin Creamer     11th September 2018 The global sightholder sales and auction sales of diamond company De Beers have this year continued to deliver consistent value, with the latest seventh sales cycle coming in at $505-million, a virtual carbon copy of the $507-million realised in the seventh sales cycle of last year. The steady... 

De Beers sales cycles delivering consistent value
De Beers Group CEO Bruce Cleaver

Matsa starts mining at Red Dog

By: Esmarie Swanepoel     11th September 2018 Junior miner Matsa Resources has started mining at its Red Dog gold mine, in Western Australia. Red Dog is estimated to host a mineral resource of 368 000 t, at 2.2 g/t gold, for 26 300 oz of gold. 

Cobalt on the cards for CuDeco

By: Esmarie Swanepoel     11th September 2018 Copper miner CuDeco has entered into a memorandum of understanding with fellow-listed Cobalt Blue Holdings, allowing that company to conduct a due diligence to evaluate the applicability of its minerals processing technology to the cobalt-pyrite concentrate produced at the Rocklands mine, in... 

New Century starts slurry movement

By: Esmarie Swanepoel     11th September 2018 Based metals miner New Century Resources has started pumping zinc concentrate along the slurry pipeline to its port facility in Karumba. The company on Tuesday said that the operation of the slurry pipeline was another important milestone for New Century, with the saleable zinc concentrate... 

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