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Latest News

Royal Bafokeng Platinum in $74m Maseve deal

By: Martin Creamer     6th September 2017 Black-controlled platinum mining company Royal Bafokeng Platinum (RBPlat) has entered into a $74-million term sheet transaction with Platinum Group Metals (PTM) to acquire the concentrator plant and surface assets of the Maseve mine, including power and water. Both companies on Wednesday... 

Chamber of Mines launches Mining for Schools initiative

By: Anine Kilian     6th September 2017 The Chamber of Mines has launched its Mining for Schools initiative, an online platform to provide resources for teachers and learners to reinforce, enhance and extend learning about the South African mining industry. The first module of the website focusses on gold, as that is the current focus... 

Acid mine water used to recover gold from dumps – DRDGold 

By: Martin Creamer     6th September 2017 Acid mine drainage (AMD), which is water that has been polluted as a result of mining activity, is being used to relieve the cost burden of the large volume of water needed to recover gold from mine dump material, as well as lower the demand placed on scarce drinking water. Surface mining company... 

Acid mine water used to recover gold from dumps – DRDGold
DRDGold CEO Niël Pretorius outlines to Mining Weekly Online’s Martin Creamer the company’s use of AMD. Video and Video Editing: Darlene Creamer.

Russia's GV Gold plans for 2018 share listing - CEO

By: Reuters     6th September 2017 The CEO of GV Gold is preparing a much-delayed listing of the Russian mid-sized gold producer for as early as next year, he told Reuters on Wednesday. The privately held firm, whose shareholders include US fund BlackRock, has repeatedly delayed plans after first proposing an initial public share... 

Industry lauds plans to develop Yukon infrastructure

By: Natasha Odendaal     6th September 2017 The $360-million in combined federal and territorial funding for the improvement of road access in two mineral-rich areas in central and south-eastern Yukon has been widely welcomed. Days after Canada Prime Minister Justin Trudeau and Yukon Premier Sandy Silver announced the road access... 

Continental Gold invests in Colombia-based agricultural development programme

By: Samantha Herbst     6th September 2017 As part of its sustainability strategy, TSX-listed exploration and development company Continental Gold will contribute about $370 000 towards a programme developed to support agricultural development in western Antioquia, in north-west Colombia. The Future Harvest programme, aimed at directly... 

Russian gold miner Polyus sees lower capex in 2018 and 2019

By: Reuters     6th September 2017 Russia's top gold producer Polyus expects its capital expenditure (capex) to decline over the next two years from around $800 million in 2017 as ramp up costs for a new gold mine fall away, CEO Pavel Grachev said. Polyus, controlled by the family of Russian tycoon Suleiman Kerimov, started... 

Russian gold miner Polyus sees lower capex in 2018 and 2019
Polyus's Natalka mine

International Lithium Corp receives proof of concept study for alternative lithium recovery

By: Natasha Odendaal     6th September 2017 TSX-V-listed International Lithium Corp (ILC) has received the final proof of concept study for the recovery of lithium using membrane separation as a potential alternative to the natural evaporation process, which is currently proposed at the lithium brine joint venture project in Salta,... 

Volcanic appoints new CEO, chairperson

By: Creamer Media Reporter      6th September 2017 TSX-V-listed Volcanic Gold Mines, which is developing a multi-million-ounce gold resource in West Africa, has appointed Jeremy Crozier CEO. He succeeds Mike Iverson, who stepped down from the position on August 29. 

Lundin accelerates exploration at all sites into 2018

By: Samantha Herbst     6th September 2017 TSX-listed base metals miner Lundin Mining’s exploration efforts continue to add significant value to the company’s assets and, in light of improved market conditions, the company plans to accelerate exploration at all mine sites in 2018, as well as advance at least two new copper-focused... 

Kirkland Lake Gold lifts stake in Novo Resources

By: Natasha Odendaal     6th September 2017 Dual-listed Kirkland Lake Gold has entered into a term sheet agreement with Novo Resources to acquire 14-million units at a price of C$4 apiece, totalling C$56-million. Kirkland, which already owns about 9.2% of the issued and outstanding common shares of Novo, is expected to own around 18.2% of... 

Centaurus Metals earns 100% interest in Brazil gold tenements

By: Creamer Media Reporter      6th September 2017 ASX-listed Centaurus Metals has exercised its right to acquire a 100% interest in the tenements that make up the 750 km2 Pará exploration package, in Brazil. Centaurus in October 2016 entered into an earn-in agreement with Terrativa Minerais. Under the terms of the agreement, Centaurus was... 

Georgian Mining satisfies $6m obligation early

By: Creamer Media Reporter      6th September 2017 Aim-listed Georgian Mining (GEO) said on Wednesday that it had satisfied its spending obligation of $6-million to earn a 50% interest in the entity holding the mining licence over the Bolnisi copper and gold project. GEO and Caucasian Mining Group (CMG) are shareholders in Georgian Copper & Gold... 

Excelsior receives operating permit for Gunnison copper project

By: Samantha Herbst     6th September 2017 The Arizona Department of Environmental Quality (ADEQ) has awarded triple-listed mineral exploration and development company Excelsior Mining an aquifer protection permit (APP) for its Gunnison copper project, in Cochise County, south-eastern Arizona. "Completing this permitting milestone, within... 

Australian gas exports continue to rise

By: Esmarie Swanepoel     6th September 2017 Australia’s natural gas output reached a record 3 770 PJ in 2017, up 27% on the 2016 financial year, energy market analyst EnergyQuest reported on Wednesday. EnergyQuest CEO Dr Graeme Bethune noted that gas production from the east coast was catching up with demand, with liquefied natural gas... 

Acacia enters into gold protection measures

By: Natasha Odendaal     6th September 2017 LSE-listed Acacia Mining has bought put options covering 210 000 oz of gold at a strike price of $1 300/oz as it continues implementing ongoing cash outflow mitigation measures. The group on Wednesday announced that the $3.2-million option provided a minimum price for the majority of the group’s... 

Vekselberg says doesn't want to increase stake in Rusal further

By: Reuters     6th September 2017 Russian billionaire Viktor Vekselberg said on Wednesday he did not want to increase further his stake in Russia's Rusal, one of the world's top aluminium producers. "No, we don't want (to increase the stake)," he said when asked whether he planned to buy another almost 7% stake in Rusal. 

Alrosa deputy CEO says no Mir mine production in 2018

By: Reuters     6th September 2017 State-controlled Russian diamond miner Alrosa will not be able to resume production at its Mir mine next year, a deputy CEO of the firm said on Wednesday. "We do not see production at the Mir mine in 2018," Yuri Okoyemov told reporters. 

Woodside steadily building its offshore position in Africa

By: Esmarie Swanepoel     6th September 2017 Australian oil and gas major Woodside will continue to grow its portfolio of offshore petroleum assets across the African region, executive VP for global exploration, Phil Loader, said on Wednesday. Speaking on the sidelines of the Africa Downunder conference, in Perth, Loader said that the... 

Woodside steadily building its offshore position in Africa
Photo by Bryan Charlton
Woodside VP for global exploration Phil Loader

Peabody sells majority of Burton mine for $11m

By: Esmarie Swanepoel     6th September 2017 US coal major Peabody Energy struck a deal with the Lenton joint venture (JV), in which ASX-listed New Hope Corporation holds a 90% interest, to divest of the majority of its Burton mine, in Queensland, for $11-million. The Lenton JV will assume the reclamation obligations associated with the... 

Teck falls most among miners on $1bn China share sale

By: Bloomberg     6th September 2017 Teck Resources dropped the most among large mining stocks after China Investment Corp unloaded nearly half its stake in Canada’s largest diversified miner. The Vancouver-based company dropped 6.7% to C$29.47 at the close in Toronto, making it the worst performer in the Bloomberg World Mining... 

Teck falls most among miners on $1bn China share sale
Teck Resources president and CEO Don Lindsay

Russia plans gem reform to compete with India's million workers

By: Bloomberg     6th September 2017 Russia wants its biggest diamond miner to work more closely with the country’s top gem cutters so the industry can better compete in a market that’s dominated by Indian manufacturers. As part of a plan to boost the competitiveness of Russian diamonds, the government wants  Alrosa PJSC to offer... 

Russia plans gem reform to compete with India's million workers
Deputy Finance Minister Alexey Moiseev

McGowen dodges gold royalty issue ahead of budget

By: Esmarie Swanepoel     6th September 2017 Western Australian Premier Mark McGowan has remained coy about the possibility of a hike in the gold royalty rate, ahead of this week’s state Budget. Speaking at the fifteenth annual Africa Downunder Conference, in Perth, McGowan noted that the state was faced with ‘significant financial... 

Platinum market expected to maintain balance amid continued supply constraints – WPIC

By: Mia Breytenbach     6th September 2017 The platinum market is expected to remain in fundamental balance, albeit with a small 15 000 oz deficit for this year, the World Platinum Investment Council’s (WPIC’s) latest ‘Platinum Quarterly’ report shows. The report, published on Wednesday, incorporates analysis of platinum supply and demand... 

Platinum market expected to maintain balance amid continued supply constraints – WPIC

AngloGold Ashanti invests more in Brazil-focused Orinoco

By: Esmarie Swanepoel     6th September 2017 South African gold miner AngloGold Ashanti will increase its shareholding in ASX-listed Orinoco Gold by taking part in a capital raise. Orinoco on Wednesday launched a fully underwritten one-for-two non-renounceable entitlement issue, prices at 2c each, to raise A$4.98-million. 

Australian Mines takes over Sconi

By: Esmarie Swanepoel     6th September 2017 ASX-listed Australian Mines has taken full ownership of the Sconi cobalt/nickel/scandium project, in Queensland, after striking a A$10-million cash and share deal with Metallica Minerals. Australian Mines’ outright acquisition of the Sconi project negated an earlier earn-in agreement with... 

Bibiani could get going by year-end – Resolute

By: Esmarie Swanepoel     6th September 2017 ASX-listed gold miner Resolute Mining expects to make a final investment decision on its Bibiani gold mine, in Ghana, before the end of this year. MD and CEO John Welborn told delegates at the 15th yearly Africa Downunder conference, in Perth, that the company was currently updating a... 

Canadian miner investing more in Australia

By: Esmarie Swanepoel     6th September 2017 Canada’s Kirkland Lake Gold has invested C$56-million through a private placement in fellow-listed Novo Resources. Kirkland Gold would acquire 14-million units in the Western Australian-focused Novo, at a price of C$4 each, with the units consisting of one common share and one share purchase... 

Qld releases more gas acreage

By: Esmarie Swanepoel     6th September 2017 The Queensland government has opened a further 400 km2 of prospective land in the Surat and Bowen basins for tender, following a successful pilot project. The state government earlier this week awarded ASX-listed Senex Energy 58 km2 of tenements in the Surat basin coal seam gas acreage, to... 

Mining starts at Teal Stage 2

By: Esmarie Swanepoel     6th September 2017 Mining at the Stage 2 operation of the Teal gold mine, in Western Australia, has started, following a feasibility study. ASX-listed Intermin Resources said on Wednesday that the feasibility study had found that the project would deliver some 31 000 t of ore, at a grade of 3.1 g/t gold for 3 100... 

Polyus starts commissioning of its main greenfield project

By: Mariaan Webb     5th September 2017 Russia’s largest gold producer Polyus has officially launched the Natalka mine – the LSE-listed company’s main greenfield project. The first stage of hot commissioning of the Natalka plant, which has the capacity to process 10-million tonnes a year and is the largest in Russia, was officially... 

Polyus starts commissioning of its main greenfield project
The Natalka mine, in Magadan.

Jubilee announces partnership agreement with DCM

By: Anine Kilian     5th September 2017 Through subsidiary Jubilee Tailings Treatment Company, JSE-listed Jubilee Minerals has executed a framework, treatment of tailings and chrome-ore agreement with Dilokong Chrome Mines (DCM), as well as a third-party ore agreement for the toll-refining of run-of-mine (ROM) chrome ore. The agreement... 

Expensive mine dump vegetation going up in flames – DRDGold 

By: Martin Creamer     5th September 2017 Surface mining company DRDGold, which has spent more money on vegetating tailings dams in the last ten years than it has paid dividends to shareholders, is seeing its dump vegetation effort going up in smoke at the same time as it comes under criticism from a leading nongovernmental organisation... 

Expensive mine dump vegetation going up in flames – DRDGold
DRDGold CEO Niël Pretorius broaches tailings treatment consolidation with Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer 5.9.2017

Minergy maintains positive momentum, eyes secondary listing by July 2018

By: Natasha Odendaal     5th September 2017 As emerging coal miner Minergy posts its maiden results for the year ended June 30, much work has been completed in the background to bring to fruition the full potential of the Masama project, in Botswana. So far, the potential of the resource, which was beyond expectations, had proven far... 

Minergy maintains positive momentum, eyes secondary listing by July 2018
Minergy CEO Andre Boje

Sandvik unveils new R15m local production facility, launches new LHD line 

By: Ilan Solomons     5th September 2017 Mining equipment and services provider Sandvik Mining and Rock Technology on Tuesday officially opened its new R15-million production unit in Boksburg. The opening of the new 1 500 m2 facility, which has ten production bays, coincided with the launch of the 5 t Sandvik LH115L low-profile load... 

Sandvik unveils new R15m local production facility, launches new LHD line
Sandvik Southern Africa sales area VP Simon Andrews and Ekurhuleni mayor Mzwandile Masina discuss the importance of Sandvik’s new production facility

Orion seeks secondary listing on JSE

By: Creamer Media Reporter      5th September 2017 ASX-listed Orion Minerals is seeking a secondary listing on the main board of the JSE. It has applied for approval for the secondary listing under the bourse’s fast-track listing process. 

Philippines' Duterte wants ban on openpit mining to stay

By: Reuters     5th September 2017 Philippine President Rodrigo Duterte said on Tuesday he agreed with banning open-pit mining in the Southeast Asian nation given the environmental harm it causes. He said he had asked Environment and Natural Resources Secretary Roy Cimatu "to look into the eventual closure of openpit mining." 

SA out of recession but growth far from NDP ambitions

By: African News Agency      5th September 2017 The South African economy is out of recession at the moment, owing to a gross domestic product (GDP) growth of 2.5% in the second quarter of 2017, StatsSA announced on Tuesday. “Let’s go straight into the numbers … the GDP quarter-on-quarter [growth rate] is 2.5%. I saw that analysts in the media... 

SA out of recession but growth far from NDP ambitions
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