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Latest News

Creation of Nutrien delayed till year-end

By: Henry Lazenby     7th September 2017 The merger of potash and crop fertiliser majors Potash Corp of Saskatchewan and Agrium Inc is making progress on the regulatory front in all remaining jurisdictions, but at a slower-than-expected pace, pushing out the expected closure by about three months to late in the fourth quarter, the... 

Anaconda infrastructure gets major boost with approval of Pine Cove in-pit tailings storage

By: Henry Lazenby     7th September 2017 Eastern Canadian gold producer Anaconda Mining is set to ramp up the mining rate at its Point Rousse project’s Pine Cove pit, after the Newfoundland and Labrador Department of Natural Resources approved a plan to use the nearly depleted pit as a tailings storage facility. Anaconda had previously... 

Alamos pours first gold at La Yaqui; to reduce the cost profile of Mulatos district

By: Henry Lazenby     7th September 2017 Dual-listed Canadian gold producer Alamos Gold has substantially completed construction of the first phase of the La Yaqui mine, near its cornerstone Mulatos mine, in Mexico, the Toronto-based company said on Thursday. Gold production at the satellite deposit has started and is expected to... 

Bolstered by new geological model, Broadway outlines drill plans for third round drilling

By: Henry Lazenby     7th September 2017 With a new geological model and funding raised, TSX-listed Broadway Gold Mining is planning a Phase III drill programme to test multiple high-priority targets, the company announced on Thursday. The copper/gold porphyry targets were discovered at depth at the company’s 100%-owned Madison project,... 

GoldStone completes first step of pit definition programme in Ghana

By: Anine Kilian     7th September 2017 Aim-listed GoldStone Resources has completed a deep trenching programme – the first step of a pit definition programme – on the Akrokerri licence, in Ghana.   The trenching was undertaken to define the extent of the mineralisation in the near-surface oxide zone of the known deposit, and to... 

South African mining must be made globally competitive – Motsepe 

By: Martin Creamer     7th September 2017 All South Africans need to work together to ensure that the South African mining industry is a globally competitive investment destination, said African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe on Thursday, when he declared the black-controlled company’s highest-ever dividend.... 

South African mining must be made globally competitive – Motsepe
All South Africans need to work together to ensure that the South African mining industry is a globally competitive investment destination. Video and editing: Darlene Creamer 7.9.2017

Stratex identifies cash-saving optimisation opportunities at Crusader’s Borborema

By: Samantha Herbst     7th September 2017 Aim-listed gold and exploration company Stratex has completed an extensive due-diligence review into ASX-listed Crusader Resources’ Brazil-based Borborema gold project, identifying potential optimisation opportunities that are expected to yield material economic gains and lower upfront capital... 

Mining production growth slows to 0.9% y/y in July

By: Anine Kilian     7th September 2017 Mining production growth slowed to 0.9% year-on-year in July, compared with production growth of 1.3% year-on-year in June. Statistics South Africa’s (Stats SA’s) latest mining production report, published on Thursday, showed that manganese ore, chromium ore, diamonds and gold were the main... 

Armadale sees high-purity graphite mineralisation at Tanzania project

By: Anine Kilian     7th September 2017 Test work on a 300 kg bulk sample of graphite mineralisation taken from Aim-listed Armadale Capital’s Mahenge Liandu project, in Tanzania, has produced graphite concentrates with exceptional purity of up to 99.1% total graphitic carbon, the company said on Thursday. Excellent flake size... 

India needs to find allies to tap cheap funds for clean coal – trade body

By: Reuters     7th September 2017 India needs to partner with other countries to tap cheaper funds for cleaner coal technologies as the South Asian nation is expected to use the fuel to produce over half of its power in the next two decades, the World Coal Association chief said on Thursday. India, the world's second-largest coal... 

Resources Watch  

     7th September 2017 Palladium-propelled US buy quickly paying its own way; And, Northam ploughs 80% more funding into platinum jewellery marketing 

Resources Watch
Resources Watch

Atalaya posts H1 profit as Spanish projects advance

By: Creamer Media Reporter      7th September 2017 Mining development company Atalaya Mining has posted a net profit of €10.92-million for the six months to June 30. The Aim- and TSX-listed company, which declared commercial production at its Proyecto Riotinto mine, in Spain, in February 2016, produced 17 863 t of copper in the six months under... 

Alrosa records slight y-o-y increase in August diamond sales

By: Mariaan Webb     7th September 2017 Russian diamond major Alrosa on Thursday reported a 3.3% year-on-year increase in rough and polished diamond sales, in what is traditionally a low season for trading. The company sold $257.6-million worth of diamonds in August, comprising rough diamond sales of $255.7-million and polished diamond... 

Alrosa records slight y-o-y increase in August diamond sales

Tanzania President orders officials to resign over diamond probe

By: Reuters     7th September 2017 Tanzania's President John Magufuli said on Thursday he had ordered a review of a contract belonging to Petra Diamonds in Tanzania and asked senior public officials to resign over the outcome of a probe into the sector. "I have endorsed all the recommendations of the parliamentary probe committees... 

Amplats worker dies after chemical incident at refinery

By: African News Agency      7th September 2017 An Anglo American Platinum (Amplats) employee has died from his injuries after suffering chemical burns in an accident at the company’s Precious Metals Refinery (PMR) in Rustenburg. Amplats said the incident occurred on August 21 but the employee succumbed to his injuries on Tuesday this week. 

TFR sets new monthly record for coal railed to RBCT

By: Creamer Media Reporter      7th September 2017 Transnet Freight Rail (TFR) has set a new record for coal railed to the Richards Bay Coal Terminal (RBCT), with 7.46-million tons transported to the export terminal in August. This compares with the previous record of 6.9-million tons. 

Rare earth metals electrified by China's illegal mining clean-up

By: Bloomberg     7th September 2017 Rare earths are booming again as a clampdown on wildcat miners in China crimps supply in the world’s biggest producer while the clean energy boom bolsters their use in everything from electric vehicles to wind turbines. Prices for “light” rare earths including neodymium and praseodymium have... 

Rare earth metals electrified by China's illegal mining clean-up

Nedlac rejects union bias claims

By: Sane Dhlamini     7th September 2017 The National Economic Development and Labour Council (Nedlac) on Thursday rebuffed claims that it was biased when issuing Section 77 certificates to applying trade unions.  Section 77 certificates protect workers who take part in socioeconomic protests. 

Nedlac rejects union bias claims

New Queensland mines legislation provides for civil penalties

By: Esmarie Swanepoel     7th September 2017 The Queensland government has introduced new legislation to impose penalties on mine operators that fail to keep workers safe. Natural Resources and Mines Minister Dr Anthony Lynham said on Thursday that the Mines Legislation (Resources Safety) Amendment Bill, introduced to Parliament, would... 

Western Australia announces new gold royalty, industry disappointed

By: Esmarie Swanepoel     7th September 2017 A tiered royalty rate will be introduced to the Western Australian gold sector from January 1 next year, Treasurer Ben Wyatt announced on Thursday. To assist the government in repairing the state’s finances, a tiered royalty rate will be introduced, determined by the Australian dollar price of... 

Western Australia announces new gold royalty, industry disappointed

Rio boosts Kestrel coal reserves

By: Esmarie Swanepoel     7th September 2017 Mining major Rio Tinto has increased the coal reserve estimate at its Kestrel underground mine, in Queensland, by 62-million tonnes. The project was now estimated to host 185-million tonnes of coal reserves, up from the 123-million tonnes estimated in 2016. 

DRDGold tackles mine dump vegetation  

     7th September 2017 DRDGold says it has spent more money on vegetating tailings dams than it has paid dividends to shareholders in the last ten years and is seeing its dump vegetation effort going up in smoke. Mining Weekly editor Martin Creamer speaks to Creamer Media's Sashnee Moodley about the challenges. 

DRDGold tackles mine dump vegetation
DRDGold tackles mine dump vegetation

Bannerman hopeful on uranium price

By: Esmarie Swanepoel     7th September 2017 Uranium developer Bannerman Resources is optimistic about the future of the uranium price, with CEO Brandon Munro telling delegates at the 15th yearly Africa Downunder conference, in Perth, that the current decade-low prices are unsustainable. “The uranium spot price is languishing at a decade... 

Santos supplies more gas to east coast

By: Esmarie Swanepoel     7th September 2017 Australian oil and gas major Santos on Thursday announced that it would supply a further 30 petajoules (PJ) of gas to the east coast domestic market between 2018 and 2019. The ASX-listed company reported that the gas, which would be sourced from the Gladstone liquefied natural gas (GLNG)... 

Heron completes first part of financing

By: Esmarie Swanepoel     7th September 2017 Base metals developer Heron Resources has completed a A$141-million equity funding package, as part of its greater A$240-million funding to develop the Woodlawn zinc/copper project, in New South Wales. The company on Thursday said that the equity funding included a A$104-million cornerstone... 

Burbanks starts treating Penny's Find ore

By: Esmarie Swanepoel     7th September 2017 Crushing operations have started at the Burbanks gold treatment plant, in Western Australia, ASX-listed Maximus Resources reported on Thursday. Ore from ASX-listed Empire Resources’ Penny’s Find project was introduced to the crusher earlier this week, under a toll treatment agreement which would... 

Nullagine expansion feasibile - Millennium

By: Esmarie Swanepoel     7th September 2017 An expansion study at the Nullagine gold project, in Western Australia, has confirmed that production could be increased to about 100 000 oz/y, up from the current 2017 targets of between 75 000 oz and 80 000 oz. The expansion study found that ASX-listed Millennium Minerals' plan to integrate a... 

South African Mines Minister unabashed over new Mining Charter

By: Esmarie Swanepoel     7th September 2017 South Africa’s Mineral Resource Minister Mosebenzi Zwane on Thursday stuck to his guns about the introduction of the much-maligned Mining Charter, telling a mining conference audience in Perth that it was the prerogative of the government to ensure policy and regulatory certainty. Zwane said at... 

South African Mines Minister unabashed over new Mining Charter
Photo by Bryan Charlton
South African Mineral Resources Minister Mosebenzi Zwane speaking at the Africa Downunder Conference, in Perth, Australia.

Pilbara awards Pilgangoora mining contract

By: Esmarie Swanepoel     7th September 2017 Lithium developer Pilbara Minerals has awarded an openpit mining contract for its Pligangoora lithium project to Maca. Pilbara said on Thursday that with an initial two-year term, plus three one-year options to extend, the contract was a key operational contract for the Pilgangoora project, and... 

African Rainbow Minerals dividend payout soars to record level

By: Martin Creamer     7th September 2017 Diversified mining company African Rainbow Minerals (ARM), which saw its headline earnings soar in the 12 months to June 30, has catapulted its dividend to heady heights. The 189%-higher dividend of 650 cents a share is ARM’s highest dividend to date and the eleventh consecutive yearly dividend... 

African Rainbow Minerals dividend payout soars to record level
Photo by Duane Daws
African Rainbow Minerals executive chairperson Patrice Motsepe.

China to loan Guinea $20bn to secure aluminium ore

By: Reuters     7th September 2017 China agreed on Wednesday to loan Guinea $20-billion over almost 20 years in exchange for concessions on bauxite, an ore of aluminium which the West African country has in abundance, the mines minister said. The projects guaranteed by the loan included China Power Investment Corp's (CPI) planned... 

Miner Teck raises Q3 coal sales volume forecast

By: Reuters     7th September 2017 Canadian miner Teck Resources on Wednesday raised its forecast for sales volumes of its steelmaking coal in the third quarter, and also said it expects to realise an average price of around $158/t to $163/t. Vancouver-based Teck said it now expects to sell between 7.2-million and 7.5-million... 

New Gold on track for mid-Sept hot commissioning, budget remains steady

By: Henry Lazenby     7th September 2017 Project developer New Gold expects to start processing ore at the now 90%-completed Rainy River project, in Ontario, within the next two weeks, the company announced on Wednesday. In line with the revised plan, commercial production at its $1-billion-plus project is expected to follow in November. 

Talk of Kyrgyz settlement sends Centerra stock higher

By: Henry Lazenby     7th September 2017 The value of Canadian miner Centerra Gold’s TSX-listed stock rose as much as 10% on Wednesday, following Kyrgyz media reports on a proposed settlement of the long-standing dispute between the company and the Kyrgyzstan government. Kyrgyz media reported on government statements made to a... 

Peabody extinguishes another $150m debt

By: Henry Lazenby     7th September 2017 US coal major Peabody Energy has notified lenders that it will repay a further $150-million of its senior secured term loan, bringing total debt repaid in the third quarter to $300-million. The St Louis, Missouri-based miner also said it was seeking amendments to accommodate a repricing of the... 

New EnviroLeach process poised to transform metals extraction as we know it

By: Henry Lazenby     6th September 2017 A small Vancouver-based start-up company has created a new environment-friendly chemical process with the potential to disruptively transform metal extraction in the mining and electronic waste (e-waste) sectors, akin to the application of cyanide for gold extraction, which revolutionised the... 

New EnviroLeach process poised to transform metals extraction as we know it
EnviroLeach expects to capitalise on recovering metals from e-waste – the fastest growing portion of municipal waste expected to grow to 50-million tons by 2020

Ivanhoe plans 'new era of production' for historic DRC mine

By: Natasha Odendaal     6th September 2017 TSX-listed Ivanhoe Mines has entered into discussions to start a “new era of production” at the historic Kipushi zinc-copper-silver-germanium mine, in the Democratic Republic of Congo (DRC), that could deliver one of the highest-grade major zinc mines worldwide. Ivanhoe, which, in conjunction... 

Shanta Gold, Helio in dispute over termination of arrangement agreement

By: Creamer Media Reporter      6th September 2017 TSX-V-listed Helio Resource Corp has rejected Aim-listed Shanta Gold’s termination of an arrangement agreement with Helio and says it will “vigorously” enforce its rights under the agreement. Shanta in June agreed to buy Helio in a £3.5-million all-scrip deal that would have given it control of... 

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