http://www.miningweekly.com
R/€ = 15.01 Change: 0.03
R/$ = 12.29 Change: -0.01
Au 1328.10 $/oz Change: -7.29
Pt 999.50 $/oz Change: -0.47
 

Middle East News

BHP second-quarter iron-ore output up 3%, maintains forecast

By: Reuters     18th January 2018 Global miner BHP on Thursday reported a 3% rise in second-quarter iron-ore production year over year and said it expects to meet its full-year target as prices for the steelmaking ingredient outperform forecasts. BHP's iron-ore output climbed to 72-million tonnes for the three months ended... 

Canadian miners welcome new federal business ethics ombudsman

By: Henry Lazenby     18th January 2018 Canada’s Liberal government has introduced a new federally mandated Ombudsman for Responsible Enterprise (CORE) to investigate human rights complaints about the overseas operations of Canadian companies. The watchdog will investigate complaints, and if warranted, make recommendations to remedy... 

Canadian miners welcome new federal business ethics ombudsman

WoodMac urges automakers to ‘get out their chequebooks’, secure energy metal supplies

By: Henry Lazenby     17th January 2018 Auto manufacturers are ramping up strategies to cash in on the accelerating worldwide acceptance and demand for electric vehicles (EVs), prompting advice from research and consultancy group Wood Mackenzie for automakers to ‘get out their chequebooks’ and take stakes in mines or new mine projects... 

WoodMac urges automakers to ‘get out their chequebooks’, secure energy metal supplies

DRA expands Asia-Pacific footprint

By: Martin Creamer     17th January 2018 Global engineering, project delivery, contract operations specialist and asset management group DRA’s acquisition of Perth-based Minnovo expands its Australian footprint and adds depth to its metallurgical, engineering, procurement, project management, construction and commissioning capabilities... 

DRA expands Asia-Pacific footprint
Photo by Duane Daws
DRA CEO Wray Carvelas

Marathon mineral rights tangle goes to Constitutional Court

By: Martin Creamer     17th January 2018 The Constitutional Court of South Africa is being asked to pronounce on a marathon mineral rights entanglement that lower courts have failed to resolve. What the High Court proclaimed, the Supreme Court of Appeal overturned, and now Chinese subsidiary company Aquila Steel has applied to the... 

Marathon mineral rights tangle goes to Constitutional Court
Mineral rights case before Constitutional Court

Palladium risks tripping up as prices stampede higher

By: Reuters     17th January 2018 Palladium, the hottest property in the precious metals deck last year, is tipped for a record performance in 2018 even among bearish forecasters, but the metal could become a victim of its own success. The prospect of sharply higher prices could well prompt substitution of the metal for cheaper... 

Gold losses in years past keep producers from buying more mines

By: Bloomberg     17th January 2018 Stung by some lousy investments that led to billions of dollars in losses a few years ago, the world’s major gold producers have cut way back on mining deals – even as metal prices posted their biggest rally since 2010. The value of the industry’s transactions, from acquisitions to... 

Two top gold miners hit 2017 gold guidance

By: Henry Lazenby     17th January 2018 Two of the world’s largest gold producers by volume have realised their production goals for 2017. Toronto-based Barrick Gold, currently still the world’s largest gold producer by output, on Tuesday announced that preliminary full-year gold output of 5.32-million ounces for 2017 was in line with... 

Two top gold miners hit 2017 gold guidance

As stockpiles fall, which metals are really in tight supply?

By: Reuters     16th January 2018 Stocks of industrial metals in London Metal Exchange (LME) warehouses fell more than 40 percent last year and further declines are expected in 2018, which should in theory signal tighter supplies and fuel a blistering price rally. But rising inventories of metals at smaller rival exchanges... 

World Gold Council spots trends that'll be gold’s 2018 friends

By: Martin Creamer     16th January 2018 Synchronised global economic growth, shrinking central bank balance sheets, rising interest rates, insubstantial asset prices and market transparency are the trends that will be gold’s best friends in 2018, the World Gold Council said on Tuesday. These trends, the council said in delivering its... 

World Gold Council spots trends that'll be gold’s 2018 friends
Photo by Duane Daws
Gold bars produced at Rand Refinery, Germiston.

De Beers turns to blockchain to track diamond origins and purity

By: Reuters     16th January 2018 Anglo American's diamond unit De Beers aims to launch the first industry-wide blockchain this year to track gems each time they change hands starting from the moment they are dug from the ground, its chief executive said on Tuesday. De Beers, the world's biggest diamond producer by the value of... 

De Beers turns to blockchain to track diamond origins and purity
De Beers CEO Bruce Cleaver

Copper falls most in 6 weeks as metal rally starts to give

By: Bloomberg     16th January 2018 After a non-stop rally, metals prices are starting to pull back. Copper, aluminium and nickel slid more than 2% on Tuesday as investors focused on the rebounding dollar and evidence of ample supply in the physical market. Precious metals also retreated, with silver falling as much as 3.2%. 

Glencore reserves should be valued higher – analysts

By: Martin Creamer     15th January 2018 Investors should be prepared to value the reserves of metal that Glencore owns more highly to reward the proactive approach that the London- and Johannesburg-listed diversified mining company has towards managing its assets. Reflecting on the decision of Glencore to pull metal from the market... 

Glencore reserves should be valued higher – analysts
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Metals power higher as sickly dollar spurs copper-to-gold rally

By: Bloomberg     15th January 2018 Copper jumped by the most in two months and zinc hit a fresh decade-high as base metals rallied on a potent combination of a softer dollar and continued robust outlook for demand. Gold and palladium also climbed. Copper surged as much as 2.1%, the most since November 13, to $7 259 a metric ton... 

Metals power higher as sickly dollar spurs copper-to-gold rally

Fura closes in on Colombian emerald mine buy; to create single-stop Dubai-based gemstone shop

By: Henry Lazenby     13th January 2018 Canadian gemstone-focused miner Fura Gems is setting up a single-stop destination in Dubai, where rubies and emeralds produced from its Mozambique and Colombian assets will be graded and sold at the Almas Tower. “The Almas Tower is arguably one of the most secure spaces in the world, from where... 

Fura closes in on Colombian emerald mine buy; to create single-stop Dubai-based gemstone shop

Search for space water heats up with Planetary’s Arkyd-6 satellite launch

By: Henry Lazenby     12th January 2018 Space mining hopeful Planetary Resources has successfully launched its latest satellite, the Arkyd-6 – a 6U CubeSat – containing a demonstration of technology designed to detect water resources in space. Planetary reported that the team has already started receiving telemetry from the spacecraft,... 

Smarter mining, manufacture, agriculture needed, says IDC’s Maia 

By: Martin Creamer     12th January 2018 South Africa needs to aim towards smarter mining, smarter agriculture and smarter manufacturing. “It’s about taking all the major sectors of the economy forward, with each feeding on the other,” says Industrial Development Corporation (IDC) research and information head Jorge Maia of the roles... 

Smarter mining, manufacture, agriculture needed, says IDC’s Maia
Industrial Development Corporation research and information head Jorge Maia and Unctad economic affairs officer Stefan Csordas respond to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Gold set for 5th week of gains, buoyed by slump in dollar

By: Reuters     12th January 2018 Gold prices rose for a third session on Friday to hit their highest since September, with a slump in the US dollar helping drive bullion towards its fifth-straight weekly gain. Spot gold had edged up 0.5% to $1 328.84/oz by 0703 GMT, after earlier touching its highest since Sept. 15 at $1 330.34. 

Gold set for 5th week of gains, buoyed by slump in dollar

Strong commodity price rally lifts IHS Materials Price Index for ninth consecutive week

By: Henry Lazenby     12th January 2018 The IHS Materials Price Index (MPI) is in its ninth consecutive week of gains, jumping 2.8% last week – the strongest weekly performance since early September. According to IHS Markit economist Cole Hassay, the MPI was supported by broad-based positive indicators, with eight of ten subcomponents... 

Gold set to gain from retail, geopolitical risks, hedging

By: Megan van Wyngaardt     11th January 2018 The gold price is expected to increase in the year ahead, driven by stronger interest from Asian retail investors and consistent interest in global gold exchange-traded funds, according to research firm Thomson Reuters GFMS. The firm highlighted on Thursday that the efficient frontier theory... 

Gold set to gain from retail, geopolitical risks, hedging

Dell to recycle gold from e-waste for use in new motherboards, jewellery

By: Megan van Wyngaardt     11th January 2018 Technology company Dell is piloting a project to recover gold from used electronics for use in new computer motherboards and jewellery. Dell has partnered with Wistron GreenTech, which uses an environmentally responsible extraction process to break the used electronics down into individual... 

Dell to recycle gold from e-waste for use in new motherboards, jewellery

Bank of China sees commodities in full bloom amid 2018 rotation

By: Bloomberg     11th January 2018 The stage may be set for commodities to extend their stellar gains, according to Bank of China International analysts. By the fourth quarter copper will average $7 500/t and gold $1 400/oz, they wrote in a note this week, as financial drivers potentially outweigh fundamentals in 2018. In other... 

Rio Tinto receives offer for aluminium smelter

By: Martin Creamer     10th January 2018 Diversified mining company Rio Tinto has received a binding offer from Liberty House to acquire Rio Tinto’s Aluminium Dunkerque smelter in northern France for $500-million. In accordance with French law, the London-listed company will launch a consultation process with employees, relevant... 

Rio Tinto receives offer for aluminium smelter
Rio Tinto Aluminium CE Alf Barrios

Lithium at depth in Namibia – Montero 

By: Martin Creamer     10th January 2018 Significant concentrations of lithium mineralisation have been established in Namibia, where Montero Mining and Exploration has completed assaying historical drilling results.  The Toronto Venture Exchange-listed company announced on Wednesday that lithium-bearing mineralisation, found to be... 

Lithium at depth in Namibia – Montero
Photo by Duane Daws
Montero CEO Dr Tony Harwood

Congo may more than double tax on critical global cobalt supply

By: Bloomberg     10th January 2018 The Democratic Republic of Congo is preparing to more than double a tax on two-thirds of global cobalt supply, potentially increasing the cost of the critical battery metal just as the world begins to embrace electric vehicles. Congo, the world’s biggest cobalt producer, will increase the royalty... 

Gundlach says commodities set to outperform in late-cycle boom

By: Bloomberg     10th January 2018 Jeffrey Gundlach, the billionaire bond manager, said commodities may be one of the best investments this year as they surge during the late phase of the economic cycle. “I think commodities will outperform in 2018,” Gundlach said during his annual ‘Just Markets’ webcast on Tuesday, in which he... 

Gundlach says commodities set to outperform in late-cycle boom

Tharisa enters 2018 with a bang

By: Martin Creamer     10th January 2018 The market fundamentals for chrome remain sound with continued growth forecast for the global stainless steel industry, Tharisa said on Wednesday, when it reported a strong operational performance in the three months to December 31. The Johannesburg Stock Exchange-listed chrome and platinum group... 

Tharisa enters 2018 with a bang
Tharisa CEO Phoevos Pouroulis

Copper hits two-week low, zinc at highest in more than a decade

By: Reuters     9th January 2018 Copper hit a two-week low on Monday, weighed down by a stronger dollar and as the market consolidated following sharp gains in December, while zinc again reached its highest in more than a decade on supply concerns. The dollar rose against the euro, making dollar-priced metals costlier for... 

Nautilus secures bridge loans, inks new funding mandate

By: Henry Lazenby     9th January 2018 Marine mining hopeful Nautilus Minerals has arranged bridge financing of about $7-million from Deep Sea Mining Finance, to assist the company's immediate working capital requirements. The loans will also allow the Canadian company to make the payments required to continue with the development of... 

Kimberley’s diamond endowment given new sparkle 

By: Martin Creamer     8th January 2018 Generations of diamond processing experience, interwoven with modern know-how, is extending the diamond endowment of the city of Kimberley. Kimberley Ekapa Mining Joint Venture (KEM-JV) has come up with a viable business model that returns a diamond sparkle to the city renowned for its... 

Kimberley’s diamond endowment given new sparkle
KEM-JV CEO Jahn Hohne

Coal dwarfs battery metals in mining deals despite war on pollution

By: Reuters     8th January 2018 Coal and iron-ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future. While the biggest deal was in Brazil, China was a top player despite planning to reduce domestic coal... 

Coal dwarfs battery metals in mining deals despite war on pollution

China aims to supersize coal sector through mergers

By: Reuters     5th January 2018 China said on Friday it plans to create several "super-large" coal mining companies by the end of 2020 as the world's biggest producer of the fuel ramps up years of efforts to streamline the fragmented sector and slash outdated capacity. The country's National Development & Reform Commission... 

China aims to supersize coal sector through mergers

Indian shares scale new highs on global cues

By: Reuters     5th January 2018 Indian shares scaled new peaks on Friday, tracking global equity markets on the back of robust economic data.Asian shares inched closer to a record high after a report released on Thursday showed US private employers added higher-than-expected 250 000 jobs in December. The Dow Jones Industrial... 

Indian shares scale new highs on global cues

Commodities forge record-setting rally as BP to miners surge

By: Reuters     4th January 2018 Commodities are forging a record-setting run of gains that straddles the end of 2017 and the start of the new year as crude oil notches multiyear highs and investors bet that booming global manufacturing output will help to sustain rising demand for raw materials. The Bloomberg Commodity Index,... 

Commodities forge record-setting rally as BP to miners surge

China's steel futures fall as snow to curtail construction demand

By: Reuters     4th January 2018 China's steel rebar futures fell on Thursday, breaking a three-day rising streak, on concerns of waning demand in the construction sector because of snow forecasts in the northern part of the country. Cold weather is expected to hit regions across China in the coming week, bringing snow and rain... 

China's steel futures fall as snow to curtail construction demand

Lithium Chile shakes up corporate profile in alignment with lithium aspirations

By: Henry Lazenby     4th January 2018 Chile-focused lithium junior Lithium Chile has revamped itself to better align its corporate image with its aspiration of becoming a go-to lithium producer in the country – the world’s largest and lowest-cost producer of the energy metal. Based in Vancouver, Lithium Chile shareholders voted in... 

Lithium Chile shakes up corporate profile in alignment with lithium aspirations

Gold ETF starts 2018 with record winning streak as dollar falls

By: Bloomberg     3rd January 2018 Call it a new golden age. The SPDR Gold Shares ETF (ticker GLD) kicked off 2018 with an advance of 1.2% on January 2, extending its streak of gains to 11, a record. It retreated slightly at the start of regular trading on January 3, but is still up for the year. 

Gold ETF starts 2018 with record winning streak as dollar falls

Nutrien gains on first trading day as Agrium, PotashCorp complete merger

By: Henry Lazenby     3rd January 2018 The TSX-listed equity of freshly minted fertiliser producer, distributor and retailer Nutrien gained nearly 6% on Tuesday – its first trading day following closure of the transaction on New Year’s day. The ‘merger of equals’ has created a new top-tiered fertiliser company with a total market... 

Nutrien gains on first trading day as Agrium, PotashCorp complete merger
First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Latest News: Africa and Europe

Latest News: Americas

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close