R/€ = 15.87 Change: -0.27
R/$ = 13.66 Change: -0.22
Au 1278.54 $/oz Change: -21.47
Pt 884.00 $/oz Change: -20.07

Latest News

ABM completes two auger programmes at DRC project

By: Simone Liedtke     5th June 2018 Aim-listed African Battery Metals (ABM), which has set its sights on becoming a significant explorer, developer and miner of battery minerals, has completed two auger programmes that collected soil samples at its 53 km2 Kisinka permit area, in the Democratic Republic of Congo (DRC). After... 

Arc Minerals lifts Zamsort stake to 55%

By: Simone Liedtke     5th June 2018 Aim-listed Arc Minerals has increased its interest in Zamsort, which is developing a copper/cobalt project in north-west Zambia, to 55% following the acquisition of a 6% interest from Terra Metals. The company will issue 17.5-million new ordinary shares, which are also subject to a hard lock-in... 

Agriculture, mining and manufacturing drag South Africa into dramatic Q1 slump 

By: Reuters     5th June 2018 South Africa suffered its worst quarterly contraction in nine years, data showed on Tuesday, in a reminder to investors of the huge challenge President Cyril Ramaphosa faces to deliver long term economic growth. After Jacob Zuma was forced out as leader by the ruling party in February, Ramaphosa... 

Agriculture, mining and manufacturing drag South Africa into dramatic Q1 slump
Photo by Reuters
The agriculture, mining and manufacturing sectors had a negative impact on South Africa's gross domestic product for the first quarter

BK16 diamond parcels delivered to Lucara lab for cleaning

By: Simone Liedtke     5th June 2018 TSX-V-listed Tsodilo Resources has delivered the first two parcels of diamonds from its BK16 kimberlite project, in the Orapa Kimberlite Field, in Botswana, to Lucara Diamond’s acid cleaning laboratory, in Gaborone, for cleaning. The parcels comprise 101 diamonds weighing 18.57 ct and 130... 

Positive drill results at Harmony’s Kalgold underpins resource growth

By: Simone Liedtke     5th June 2018 Exploration drilling at Harmony Gold’s Kalgold openpit operation in the North West province outline an expanded, robust mineralised system that extends beyond the current limits. “Our exploration strategy targets highly prospective, underexplored terrains and mining districts to discover and... 

One-size-fits-all legislation ill-conceived – Swanepoel  

By: Martin Creamer     5th June 2018 To have one-size-fits-all mining legislation is ill-conceived, mining luminary Bernard Swanepoel said on Tuesday in his opening address to the Junior Indaba. Swanepoel pointed out that Canada and Australia were benefiting from a disproportionate slice of global exploration investment because they... 

One-size-fits-all legislation ill-conceived – Swanepoel
Junior Indaba chairperson Bernard Swanepoel delivering the opening address at junior mining conference, with reporting by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd

MCA urges reforms to encourage investment

By: Esmarie Swanepoel     5th June 2018 The Minerals Council of Australia (MCA) has warned that future investments and jobs in the Australian resources could be put at risk as reforms to streamline project approvals and modernizing workplace relations stalled. In its submission to the Parliament’s inquiry into impediments to business... 

South32 turns its eye to Mexico

By: Esmarie Swanepoel     5th June 2018 Diversified miner South32 has signed an agreement with Canada’s Silver Bull Resources that could result in a $100-million investment in a Mexican zinc project. The TSX-listed Silver Bull has granted South32 the option to form a 70/30 joint venture (JV) over the Sierra Mojada project. The... 

Carnaby assembles projects ahead of IPO

By: Esmarie Swanepoel     5th June 2018 ASX-listed mineral sands producer Diatreme Resources and its joint venture (JV) partner Superior Resources have both agreed to vend their interest in the Tick Hill gold project, in Queensland, to Carnaby Resources ahead of its initial public offering (IPO). Diatreme will receive a minimum of... 

AIE selects Port Kembla for A$300m LNG import terminal

By: Esmarie Swanepoel     5th June 2018 The Australian Industrial Energy (AIE) consortium has selected Port Kembla, in New South Wales, as the site for the first A$300-million liquefied natural gas (LNG) import terminal. The proposed terminal will have the ability to supply more than 100 PJ/y of LNG, sufficient to meet over 70% of... 

Govt foots gas plant refurbishment bill

By: Esmarie Swanepoel     5th June 2018 The federal government will award privately held Australian Gasfields A$2-million in funding to bring forward the refurbishment and restart of the Eromanga and Gilmore gas plants, in south west Queensland, by a year. The funding will come from the government’s A$26-million Gas Acceleration... 

Laramide raises funds for uranium projects

By: Esmarie Swanepoel     5th June 2018 ASX-and TSX-listed Laramide Resources will raise up to C$2.1-million through a private share placement to advance exploration and development work at its Church Rock and Crownpoint uranium properties, in the US, and its Westmoreland uranium project in Australia. Laramide will offer up to... 

Queensland outperforms other states on mineral exploration spend

By: Esmarie Swanepoel     5th June 2018 New data by the Australian Bureau of Statistics (ABS) has found that mineral exploration expenditure rose by 11% during the March quarter, to A$516.7-million, with Western Australia contributing the largest increase of some A$23.7-million. In original terms, mineral exploration expenditure fell... 

Top global miners’ profits to rise to $76bn in 2018

By: Esmarie Swanepoel     5th June 2018 New data from advisory firm PwC has found that that the top global mining companies were reaching near boom profits, with net profits up 126% in the last year. Net profits for the top 40 mines reached $61-billion in 2017, and is forecast to climb further to $76-billion in 2018. 

Top global miners’ profits to rise to $76bn in 2018

Novo shares still trading below May highs after disappointing drill results

By: Esmarie Swanepoel     5th June 2018 The share price of TSX-listed Novo Resources was still trading well below its May highs, after the company last week reported disappointing drilling results from the first bulk sample at its Comet Well project, in the Pilbara. While the first 7.143 t bulk sample returned grades of 10.4 g/t gold,... 

Giant waste-spewing mine turns to battleground in Indonesia

By: Bloomberg     5th June 2018 Every year, Freeport-McMoRan dumps tens of-millions of tons of mining waste into the Ajkwa River system in Indonesia. The company has been doing it for decades, and is demanding the right to keep at it for decades to come. The discharge of what are called tailings, the leftovers of mineral... 

Macusani lithium, uranium projects to be ‘production ready’ by 2020 – Plateau

By: Simone Liedtke     5th June 2018 The new Falchani lithium discovery area will now be included in the ongoing, now-expanded, environmental baseline study for TSX-V-listed Plateau Energy Metals’ Macusani lithium and uranium projects, in southeastern Peru. The expanded baseline study has been submitted and accepted by the Peruvian... 

IDM to provide technical services at Sunvest’s Clone gold property

By: Simone Liedtke     5th June 2018 TSX-V-listed IDM Mining has signed a letter of intent (LoI) with junior exploration company Sunvest Minerals to provide technical and geological consultation work, as well as logistical and community guidance for Sunvest’s Clone gold property, located south of IDM’s Red Mountain property.... 

Euro Sun amends Nevsun proposal to include cash and shares

By: Simone Liedtke     5th June 2018 TSX-listed Euro Sun Mining (ESM) has amended its portion of the joint proposal with multinational minerals company Lundin Mining to acquire midtier base metals company Nevsun Resources for C$1.5-billion. ESM is now offering C$150-million in cash and C$150-million in ESM stock, compared with the... 

NUM kicks against Eskom’s 0% wage increase

By: Marleny Arnoldi     5th June 2018 National Union of Mineworkers (NUM) members in the Pretoria-Witwatersrand-Vereeniging region who are employees at Eskom have resolved not to accept the utility’s offer of a 0% wage increase.  

NUM kicks against Eskom’s 0% wage increase

Cruz to acquire base metals projects in Norway

By: Creamer Media Reporter      4th June 2018 TSX-V-listed Cruz Cobalt has signed a letter of intent with EMX Royalty and Fennoscandian Investment Group to acquire two cobalt/nickel/copper projects in Norway. “We are pleased to have the opportunity to acquire these projects. The properties are 

ALX undertakes airborne radiometric, magnetic survey at Lazy Edward Bay project

By: Simone Liedtke     4th June 2018 A low-level, airborne radiometric and magnetic survey of about 4 000 line kilometres by Special Projects Inc (SPI) of Calgary is under way on TSX-V-listed ALX Uranium Corporation’s 100%-owned Lazy Edward Bay uranium project, in Canada. Lazy Edward Bay, which straddles the southern edge of the... 

BMR enters into agreements with Blue Square, Jubilee

By: Simone Liedtke     4th June 2018 Minerals processing company BMR Group has entered into an agreement with Blue Square, under which it will pay Blue Square a performance fee of $500 000 relating to work performed, to date, at its Kabwe project, in Zambia.   

Assay results at Cora Gold’s Sanankoro continue to be encouraging

By: Simone Liedtke     4th June 2018 Aim-listed Cora Gold on Monday reported encouraging assay results from its Sanankoro gold project, in southern Mali, which CEO Dr Jonathan Forster says confirms previous work at the Zone A area of the project. “The overall scale and quality of Sanankoro is remarkable. We have received... 

Potential exploration target of 485 000 t identified at Galileo’s Star Zinc project

By: Simone Liedtke     4th June 2018 The results of an independent conceptual grade and tonnage estimate at Galileo Resources’ Star zinc project, in Zambia, has highlighted a potential exploration target of 485 000 t. The estimate, which was based on modelling the results from the company’s recently completed 26-diamond drill hole... 

Botswana central bank urges tax reform before diamonds dwindle

By: Bloomberg     4th June 2018 Botswana’s central bank has urged the government to overhaul the southern African nation’s tax regime and prepare the economy for declining contributions from diamonds. Botswana relies on the gemstones for almost a fifth of its gross domestic product and used the revenue generated from sales to... 

Two killed in abandoned mine in Morocco – agency

By: Reuters     4th June 2018 Two freelance miners have died in a rockfall in an abandoned Moroccan lead mine in a region hit by protests after the similar deaths of two other miners in December, state news agency MAP said. "Two people, aged 33 and 42, were killed on Sunday after a lead gallery partially collapsed in the... 

Prepare for greater generation competition, Radebe tells Eskom

By: Terence Creamer     4th June 2018 Energy Minister Jeff Radebe has hinted at possible dramatic changes in the structure of South Africa’s electricity supply industry, which is currently dominated by Eskom, a vertically integrated State-owned utility. During a recent stakeholder gathering the Minister responded strongly in the... 

Prepare for greater generation competition, Radebe tells Eskom

Shanta Gold achieves exploration objectives at Singida gold mining project

By: Simone Liedtke     4th June 2018 Aim-listed Shanta Gold has achieved its objective of the 1 600 m reverse circulation drilling programme, which targeted two of the seven key targets at its Singida project, in Tanzania, to upgrade resources from the inferred to the measured and indicated (M&I) categories. The M&I resources have... 

Mkango begins major drilling programme at Songwe

By: Simone Liedtke     4th June 2018 Aim- and TSX-V-listed Mkango Resources has started a major diamond drilling programme at its Songwe Hill rare earths project, in Malawi. The drilling programme, the Canadian mineral exploration and development company explained, is a key component of the feasibility study for Songwe, which is... 

Emmerson raises cash for Moroccan potash project

By: Reuters     4th June 2018 Shares in Emmerson jumped more than 60% on their return to trade on Monday after the London-listed miner raised 6-million pounds ($8.04-million) by issuing 200-million new shares. The shares were halted last October when Emmerson became 100% owner of the Khemisset Potash Project in northern Morocco. 

Mining industry stakeholders pledge to do more to achieve zero harm  

By: Anine Kilian     4th June 2018 Precious metals miner Sibanye-Stillwater is concerned that a plateau has been reached in reducing fatalities in South Africa’s mining industry and believes a different and collaborative approach involving all stakeholders is needed for the industry to achieve its aspiration of zero harm. It was... 

Resgen seeks additional funding while Boikarabelo delay continues

By: Simone Liedtke     4th June 2018 ASX- and JSE-listed Resource Generation (Resgen) will, this month, table a submission with international commodities group Noble Resources, for the provision of additional funding for the anticipated working capital requirement arising from the development delay in Resgen’s... 

AfriTin starts civil construction works on Uis mine’s processing plant

By: Simone Liedtke     4th June 2018 Phase 1 of the civil works construction on the processing plant at Aim-listed AfriTin Mining’s flagship Uis mine, in Namibia, is targeted for completion in the third quarter of this year. Phase 1 is designed to process 500 000 t/y. 

AfriTin starts civil construction works on Uis mine’s processing plant
Photo by Creamer Media
AfriTin CEO Anthony Viljoen

Chinalco starts $1.3bn expansion of Peru copper mine

By: Reuters     4th June 2018 Aluminum Corp of China, known as Chinalco, at the weekend said it had started work on a $1.3-billion expansion of its Toromocho copper mine in central Peru. The investment will increase the mine's copper output by 45% by 2020, with the value of production exceeding $2-billion annually, Chinalco... 

Extended Hanwa offtake to underpin Sonora expansion

By: Mariaan Webb     4th June 2018 London-listed Bacanora has secured an in-principle undertaking from battery chemicals trader Hanwa to extend its lithium offtake agreement, which will underpin an expansion of the Sonora lithium project, in Mexico, to 35 000 t/y. The offtake agreement will be extended by another five years at a... 

Extended Hanwa offtake to underpin Sonora expansion

Altus Strategies lists on TSX-V, retains Aim-listing

By: Simone Liedtke     4th June 2018 Exploration project generator Altus Strategies is now dually listed on the London Stock Exchange’s Aim and the TSX-Venture Exchange, with ordinary shares expected to start trading on TSX-V on June 6. As at the listing date, the company had just over 176-million shares in issue and had granted... 

Intrepid to earn into Ausgold’s Doolgunna Station project

By: Creamer Media Reporter      4th June 2018 ASX-listed miners Intrepid Mines and Ausgold on Monday announced a farm-in and joint venture (JV) agreement in terms of which Intrepid could earn up to an 80% stake of Ausgold’s Doolgunna Station project, north-east of Meekatharra, in Western Australia. Located to the west and along trend from... 

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