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Latest News

URU's Zebediela licence renewed

By: Creamer Media Reporter      4th December 2018 The Department of Mineral Resources has renewed Aim-listed URU Metals' prospecting right over the Zebediela nickel project, in Limpopo. The right will expire on December 2, 2021. 

Licence to operate in changing social, digital landscape miners’ biggest risk – EY

By: Marleny Arnoldi     4th December 2018 Licence to operate has been identified as the biggest risk to mining, a new report by professional services firm EY shows. The report, which is based on a survey of the top ten business risks facing mining and metals in 2019 and 2020, states that the stakeholder landscape is changing and miners... 

The final frontier: who owns the oceans and their hidden treasures?

By: Reuters     4th December 2018 Ransom-hungry pirates, polar explorers, offshore oil giants - the race for the riches of the world's final frontier is on. From Thailand to Alaska, the battle to tap ever-dwindling resources from minerals to fish is spurring new conflicts over who has the right to the treasures of the deep seas. 

Boreal to initiate new drilling programme at Gumsberg

By: Creamer Media Reporter      4th December 2018 Minerals explorer Boreal Metals is making progress with its Scandinavia projects, the company reported this week, as it wrapped up a drilling programme at Burfjord, in Norway, and announced that it would initiate follow-up drilling at Gumsberg, Sweden. At the early-stage Burfjord prospect,... 

No 2 platinum miner mulls purchases in low-cost asset shift 

By: Bloomberg     4th December 2018 Impala Platinum Holdings said it’s open to acquiring low-cost assets as the struggling miner looks beyond a plan to close unprofitable shafts in South Africa. The No 2 platinum producer, known as Implats, is playing catch-up with larger rival Anglo American Platinum, which is boosting output and... 

No 2 platinum miner mulls purchases in low-cost asset shift

Lithium, cobalt costs hinder battery-powered car sales – HSBC

By: Bloomberg     4th December 2018 High prices for lithium and cobalt will hinder sales growth in battery-powered vehicles the next few years, according to HSBC Holdings. Global market share by 2025 for fully electric vehicles will be lower than previously projected – 9.4%, compared with an earlier estimate of 10.5%, HSBC... 

Malaysia sets licence renewal conditions for rare earths miner Lynas

By: Reuters     4th December 2018 Malaysia on Tuesday set conditions for future renewal for rare earths miner Lynas' licences to operate in the country, including the removal of radioactive residues. The Energy and Environment Ministry also said in a statement that Lynas must submit an action plan for non-radioactive waste... 

Sumitomo buys $1.2bn stake in Teck's Quebrada Blanca

By: Mariaan Webb     4th December 2018 Canadian miner Teck Resources on Tuesday announced that it would proceed with the Quebrada Blanca Phase 2 (QB2) project in Chile, and that Japan’s Sumitomo would be its 30% project partner. Sumitomo Metal Mining Co and Sumitomo Corporation will pay $1.2-billion for a 30% indirect interest in... 

Sumitomo buys $1.2bn stake in Teck's Quebrada Blanca
Teck Resources president Don Lindsay

Shareholders back Herencia with $120k in funding

By: Creamer Media Reporter      4th December 2018 Two of Herencia Resources shareholders have agreed to advance $120 000 to the company, which the Aim-listed firm said on Tuesday would provide sufficient funds through to the end of January. The Chile-focused junior explorer and developer warned, though, that its working capital position... 

CCI dismisses complaints against Coal India

By: Ajoy K Das     4th December 2018 The Competition Commission of India (CCI) has dismissed Hindustan Zinc Limited’s (HZL’s) complaint against State-run Coal India Limited (CIL) for alleged unfair trade practices in coal supplies. The Vedanta Resources subsidiary said in its complaint filed before the CCI that CIL and its... 

Goa counting the cost of iron-ore mine closures

By: Ajoy K Das     4th December 2018 The government of the western Indian coastal state of Goa has estimated that it is losing $214-million a month in revenues, following the closure of all iron-ore mines since March. With neither the state, nor central government succeeding in ensuring resumption of mining operations by December,... 

Production ramp-up at Boonanarring starts

By: Esmarie Iannucci     4th December 2018 Production ramp-up at the Boonanarring mineral sands project, in Western Australia, has started. ASX-listed Image Resources said on Tuesday that the completion of wet commissioning and the start of production ramp-up at Boonanarring presented another development milestone for the project. 

Australian LNG has global climate role to play

By: Esmarie Iannucci     4th December 2018 Australia’s liquefied natural gas (LNG) resources could assist in decreasing global greenhouse gas emissions, the Australian Petroleum Production and Exploration Association (Appea) said on Tuesday. In reference to the yearly United Nations Climate Change Conference, Appea CEO Dr Malcolm... 

Diamcor sells 2 979 ct in November tender

By: Marleny Arnoldi     4th December 2018 TSX-V-listed Diamcor sold 2 979 ct of rough diamonds for $653 652 in its November tender. That equates to an average price of $218/ct.  

Bass beats monthly sales target from Madagascar mine

By: Esmarie Iannucci     4th December 2018 The share price of Bass Metals rose by more than 13% on Tuesday after the graphite miner exceeded its forecast sales volumes during November. ASX-listed Bass told shareholders that it sold 693 t of graphite concentrate during the month of November, which was achieved within months of completing... 

Katanga completes hot commissioning of WOL Phase 2

By: Tasneem Bulbulia     4th December 2018 Glencore subsidiary Katanga Mining has successfully completed the hot commissioning of Phase 2 of the whole ore leach (WOL) processing facility at its 75%-owned subsidiary Kamoto Copper Company's (KCC's) copper and cobalt mine in Lualaba province, in the Democratic Republic of the Congo. The... 

Emmerson unveils plan for accelerated production at Edna May

By: Esmarie Iannucci     4th December 2018 Mining and gold production will be accelerated at the Edna Beryl gold mine, in the Northern Territory, with ASX-listed Emmerson Resources and partner Territory Resources unveiling plans to develop and restart-mining of high grade ores at the Tribute area. Territory Resources purchased the Edna... 

King of the Hills resource update lifts Red 5

By: Esmarie Iannucci     4th December 2018 ASX-listed Red 5 on Tuesday reported an initial 1.9-million ounce resource for the Eastern Margin Contact deposit at the King of the Hills project, in Western Australia, triggering a strategic review of the bulk mining options at the operation. The deposit is estimated to host an indicated and... 

Nautilus creates new JV to finance seafloor mining vessel

By: Mariaan Webb     4th December 2018 Canada-based Nautilus Minerals is creating a new joint venture (JV) company to finance the acquisition of a production support vessel (PSV) for the Solwara 1 seafloor mining project, in the territorial waters of Papua New Guinea. The prospective marine miner said this week that it was in... 

Japanese embassy donates mobile clinic to speed up occupational health claims

By: African News Agency      4th December 2018 The Japanese Embassy on Monday donated a mobile clinic facility to the Aurum Institute in a bid to speed up the assessment of occupational health claims from former miners with the support of Compensation Commissioner Barry Kistnasamy. The Aurum Institute has 20 years of experience in researching... 

Glencore doing whatever it can to assist Eskom – Glasenberg 

By: Martin Creamer     4th December 2018 Diversified mining and marketing company Glencore is doing whatever it can to assist Eskom overcome its current coal supply issues, Glencore CEO Ivan Glasenberg has told Mining Weekly Online. “We’re looking at trucking coal and railing coal, 24 hours a day, seven days a week, to assist them on... 

Glencore doing whatever it can to assist Eskom – Glasenberg
Glencore CEO Ivan Glasenberg

Verdant eyes A$160m from NAIF for phosphate project

By: Esmarie Iannucci     4th December 2018 The Northern Australia Infrastructure Facility (NAIF) could provide up to A$160-million to ASX-listed Verdant Minerals to develop its Ammaroo phosphate project, in the Northern Territory. Verdant this week told shareholders that NAIF had provided the company with a non-binding indicative term... 

Verdant eyes A$160m from NAIF for phosphate project

Sudan allows local private sector firms to export gold

By: Reuters     4th December 2018 Sudan will allow local private sector firms to export gold, Prime Minister Moataz Moussa said on Monday, relaxing the central bank's grip over exports of the metal as the government tries to shore up the country's struggling economy. The measure is part of efforts to stem smuggling of gold, one... 

Congo declares cobalt 'strategic', nearly tripling royalty rate

By: Reuters     4th December 2018 Democratic Republic of Congo has declared cobalt a "strategic" substance, a government decree showed on Monday, nearly tripling the royalty rate miners will pay on the key component in electric batteries to 10%. Prime Minister Bruno Tshibala signed the decree, which is dated November 24, despite... 

Big lithium riches lure first-time miner to Bolivia’s salt flat

By: Bloomberg     4th December 2018 A small army of workers from cities and villages across Bolivia boards the buses for the last leg of a commute that can last days. The meandering, bumpy dirt roads, the thin air at high altitude, the ordeal of bringing labor into the blinding white plain of the world’s largest salt flat—all of... 

Big lithium riches lure first-time miner to Bolivia’s salt flat

Glasenberg eyes successor as Glencore readies new generation 

By: Bloomberg     4th December 2018 Ivan Glasenberg said there will be a generational shift at the top of Glencore over the next few years, suggesting a period of upheaval for the world’s largest commodity trader that’s unprecedented in its short history as a public company. Glasenberg said he’s actively looking for the next CEO... 

Glasenberg eyes successor as Glencore readies new generation
Ivan Glasenberg

Excelsior to initiate construction at Arizona-based copper mine

By: Mariaan Webb     4th December 2018 US-headquartered Excelsior Mining’s board has given the green light for the construction of the Gunnison copper mine, in Arizona, following the closing of a $75-million project financing package. Provided by Triple Flag Mining Finance Bermuda, the financing consists of a $65-million copper metal... 

Nordic pours first gold at Finland mine

By: Creamer Media Reporter      4th December 2018 TSX-V-listed Nordic Gold has completed the first gold pour at its Laiva mine, in Finland, which president and CEO Michael Hepworth said on Monday was a “critical, but vital” step in returning the mine to commercial production. A total of 1 234 oz of doré was poured. 

Galane places orders to restart historic South African gold mine

By: Mariaan Webb     4th December 2018 TSX-V-listed junior Galane Gold has placed the material orders required for upgrading the processing plant that will bring back to life the Galaxy gold mine, situated near Barberton in South Africa’s Mpumalanga province. Galane has refurbished the existing 15 000 t/m processing plant at Galaxy... 

Congo State miner in production-sharing deal with Chinese firm

By: Reuters     3rd December 2018 Congo's Gecamines said on Monday it had signed a production-sharing deal for copper and cobalt deposits with HongKong Excellen Mining, which will pay a $40-million signing bonus. Democratic Republic of Congo is Africa's top copper producer and the leading miner of cobalt, which is used for... 

Monarques unveils Wasamac feasibility study results

By: Mariaan Webb     3rd December 2018 Quebec-focused Monarques Gold has unveiled the results of its feasibility study of the Wasamac project, which CEO Jean-Marc Lacoste says has the makings of a “great gold mine”. The project, which is a past-producing mine, will produce an average of 142 000 oz/y over an 11-year mine life at a... 

Financially troubled Bellzone’s shares suspended

By: Creamer Media Reporter      3rd December 2018 West Africa-focused Bellzone Mining requested a suspension of trading in its shares on the London bourse on Monday, warning that it would go insolvent if it could not source funds in the “very near term”. The troubled company, which develops iron-ore and nickel/copper assets in Guinea, previously... 

Orion initiates airborne survey at flagship Prieska project

By: Simone Liedtke     3rd December 2018 Dual-listed Orion Minerals on Monday announced that a major SkyTEM airborne electromagnetic survey has started over its flagship Prieska zinc/copper project, in South Africa, as it continues to accelerate its near-mine exploration programme. The intensification of near-mine exploration activities... 

Glencore says cobalt contract 'nonperformance' hits outlook for marketing earnings 

By: Reuters     3rd December 2018 Mining and trading giant Glencore said on Monday some customers had reneged on contracts for cobalt, a key metal for electric car batteries, contributing to a cut in earnings guidance for its marketing arm. A presentation released ahead of an investor call said: "Cobalt – some customer... 

Glencore's billionaire copper chief retires under legal pressure  

By: Bloomberg     3rd December 2018 Glencore on Monday announced the retirement of-billionaire Aristotelis Mistakidis, its embattled head of copper trading and one of the company’s biggest shareholders. Mistakidis’s departure marks the end of an era. The 56-year-old executive is one of the world’s most powerful commodities traders... 

Glencore's billionaire copper chief retires under legal pressure

DRDGold’s Far West Gold Recoveries project due to start this week

By: Marleny Arnoldi     3rd December 2018 JSE-listed gold recovery company DRDGold’s Far West Gold Recoveries project, formerly the West Rand Tailings Retreatment project, is set to start pumping reclaimed tailings into the carbon-in-leach circuit on December 6. DRDGold CEO Niël Pretorius said in a statement issued on Monday that the... 

Govt security personnel die in attack on road near Semafo’s Boungou mine

By: Marleny Arnoldi     3rd December 2018 TSX-listed gold miner Semafo reported on Monday that five people were killed when government security forces were attacked on the road between Fada and the Boungou mine site in the east region of Burkina Faso. The incident did not affect operations or staff at the mine; however, senior... 

DST hosts hydrogen fuel cell technology conference

By: Nadine James     3rd December 2018 Global stakeholders in the multibillion-dollar fuel cell industry will meet in Pretoria this week for the thirtieth Steering Committee Meeting of the International Partnership for Hydrogen and Fuel Cells in the Economy (IPHE). The Department of Science and Technology (DST) will host the meeting... 

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