Global Mining News in real time

North America News

Iron-ore futures fall below $40/t as new Australian supply arises

By: Martin Creamer     Updated 3 hours ago The iron-ore price on Singapore's most active iron-ore futures market was below $40/t for the first time, Investec noted on Monday, when it reported that additional iron-ore supply was about to be shipped from Gina Rinehart’s new Roy Hill iron-ore mine, in Australia. Quoting Bloomberg, Investec... 

BHP says Brazil plans $5bn legal suit over Samarco disaster

By: Esmarie Swanepoel     Updated 5 hours ago Mining giant BHP Billiton said on Monday that it had not yet received any formal notice of legal action from Brazil, after the country’s federal and certain state governments announced on Friday that a $5.2-billion legal claim would be instituted against the company, its joint venture (JV)... 

Endeavour completes La Mancha buy

By: Esmarie Swanepoel     Updated 5 hours ago Dual-listed gold miner Endeavour Mining has completed the acquisition of gold investment company La Mancha Holdings’ assets. Endeavour’s shareholders in early November approved a partnership with La Mancha, would see the gold miner acquire La Mancha’s indirect 55% interest in Société des Mines... 

Scorpio Gold on track to meet guidance despite challenges

By: Megan van Wyngaardt     Updated 6 hours ago After three strong quarters of production at TSX-listed Scorpio Gold’s Mineral Ridge project, in Nevada, the company remains on track to meet its full-year production guidance of 38 000 oz to 40 000 oz, but the company is facing some challenges. In the three months ended September 30, the mine... 

Canadian commodities rally short-lived

By: Megan van Wyngaardt     Updated 6 hours ago After dropping to a decade low in August and September, Scotiabank's Commodity Price Index rallied 3.7% month-on-month in October, but remained 29.1% lower than a year ago. An easing of concern over the slowdown in China's economy and a potential US Federal Reserve (Fed) interest rate hike... 

Goldcorp reports fatality at Ontario mine

By: Creamer Media Reporter      Updated 7 hours ago Gold miner Goldcorp has suspended operations at its Musselwhite mine, in northern Ontario, after a scoop operator died in a fall-of-ground accident on Wednesday. The company stated on Friday that operations were suspended to allow for a review and reinforcement of safety procedures. 

Aquila’s Michigan application process administratively complete

By: Creamer Media Reporter      Updated 7 hours ago Canadian project developer Aquila Resources’ mine permit application for its Back Forty project, in the US, was administratively complete, the company reported on Friday. Aquila said that the Michigan Environment Quality Department had completed its initial review of the application and that it... 

Gold dips to near 6-year low, set for sixth straight weekly drop

By: Reuters Gold dipped to its lowest level in nearly six years on Friday and was heading for a sixth straight weekly decline under pressure from a firm dollar and prospects of a US interest rate rise next month. Spot gold hit $1 055.99 /oz, its lowest since February 2010, and was down 1.5% at $1 057.27 by... 

Gold dips to near 6-year low, set for sixth straight weekly drop

Nickel's hiatus may be brief without output cuts, stronger demand

By: Reuters Nickel's spectacular fall since the middle of last year may have come to a halt, but without significant, enduring output cuts and stronger demand from China's stainless steel mills the reprieve could be brief. Benchmark nickel on the London Metal Exchange fell to $8 145 /t earlier this week,... 

Anglo Pacific posts higher Q3 royalties

By: Natasha Odendaal LSE- and TSX-listed Anglo Pacific Group has continued to achieve growth in royalty income in the third quarter of the year. The group on Friday posted a significant rise in royalty earnings for the third quarter to September 30, with royalty-related income increasing from £500 000 in the... 

Industry body welcomes Alaska, BC water protection pact

By: Creamer Media Reporter The Association for Mineral Exploration British Columbia (AME BC) has welcomed the signing of a memorandum of understanding (MoU) and cooperation between the US state of Alaska and the Canadian province of British Columbia to protect their shared waterways. The MoU, which was signed on Wednesday,... 

Rio Tinto exec sees less of a push towards diversification

By: Esmarie Swanepoel Diversified major Rio Tinto copper and coal CEO Jean-Sébastien Jacques said this week that diversification of mining companies’ portfolios was no longer seen as a hedge against bad times. Speaking in Sydney, he predicted that there would be a shift towards a multi-specialist model, as mining... 

Bacanora proposes appointment of new director

By: Natasha Odendaal Aim- and TSX-listed Bacanora Minerals has proposed Mark Hohnen, who has experience in the Japanese, Chinese and Korean markets, be appointed as a director. The appointment, which was subject to regulatory approval and finalisation of terms, would bring to the company years of extensive... 

Millrock buys Mexico copper project

By: Natasha Odendaal TSX-listed Millrock Resources has acquired Minera Teck’s Batamote copper project, in Mexico, for an undisclosed sum. The 5 796 ha property, which was straddled by two Grupo Mexico-owned porphyry copper-molybdenum mines, was near Millrock's Rio Sonora and Los Cuarentas copper projects. 

Talon Metals secures funding to earn stake in US project

By: Megan van Wyngaardt Mineral exploration company Talon Metals has secured $15-million in funding from private equity firm Resource Capital Fund (RCF), that will allow it to conduct further exploration at the Tamarack nickel/copper/platinum group elements project, in Minnesota, in the US, to earn an 18.45% interest in... 

New Australia PM begs to differ with those calling for coal mine ban, citing economic and job implications

By: Esmarie Swanepoel Australias newest Prime Minister Malcolm Turnbull has taken a practical stance on Australias coal future, despite mounting turmoil in the sector as new mines face severe environmental resistance and producers are cutting output in an effort to fight rising costs and decreased prices.   

New Australia PM begs to differ with those calling for coal mine ban, citing economic and job implications

Macarthur shareholders approve sale of Aus subsidiary

By: Natasha Odendaal TSX-V-listed Macarthur Minerals on Thursday said its shareholders had backed plans to shed subsidiary Macarthur Iron Ore. Last month, the owner of the Western Australian iron-ore projects entered into a share sale agreement with GIM Australia in a deal valued at A$6-million. 

Rio Tinto set to decide on expansion of Mongolia copper mine

By: Reuters Rio Tinto is lining up project financing for a $4-billion expansion of its long-delayed Oyu Tolgoi copper mine in Mongolia and will make a final investment decision early next year, a senior executive said on Thursday. The mine, which started producing from an open pit over two years ago, is the... 

Rio Tinto set to decide on expansion of Mongolia copper mine

Buffalo Coal secures additional funding

By: Megan van Wyngaardt Specialist banking group Investec has agreed to extend an existing R30-million working capital facility for Buffalo Coal Dundee to R80-million. The additional funds would be made available in two tranches of R25-million each. 

B2Gold breaks ground at new Mali gold mine

By: Creamer Media Reporter Vancouver-based B2Gold on Wednesday broke ground at its Fekola mine site in Mali, where the company is building a 350 000-oz/y gold mine. Mines Ministry Chief of Staff Robert Diarra officiated the event, which was attended by national and regional government representatives, as well as community... 

PEA shows solid case for Copper Fox's Arizona project

By: Megan van Wyngaardt A preliminary economic assessment (PEA) of TSX-listed Copper Fox’s Van Dyke copper project in Miami, Arizona, has shown the project could generate gross revenue of $1.37-billion over an 11-year mine life, based on a $3/lb estimated copper price. The PEA also suggested that Van Dyke was a... 

Rough diamond prices need to fall – Rapaport

By: Reuters Rough diamond prices need to decrease by up to 50% to boost profitability in the trade of the stones, Martin Rapaport, whose Rapaport Group is the primary source of diamond price information, said. Manufacturers who cut and polish diamonds have in recent years found themselves caught between... 

British Columbia, Alaska sign pact on protecting shared waterways

By: Reuters The Canadian province of British Columbia signed a memorandum of understanding with Alaska on Wednesday to protect transboundary rivers, watersheds and fisheries and be more involved in major mining developments in each other's territory. Under the agreement, a bilateral group will be created to... 

Newmont says firms eyeing Indonesian assets yet to meet 'sales criteria'

By: Reuters Newmont Mining Corp said discussions with firms potentially interested in acquiring the US company's Indonesian assets have not met its "sales criteria". The owner of Indonesia's largest listed oil and gas company, Medco Energi Internasional, Arifin Panigoro, was seeking government approval to... 

Strong interest in making London gold market more transparent - LBMA

By: Reuters Exchanges, brokers and data vendors are interested in providing clearing or reporting services to make the gold market more liquid and transparent, the London Bullion Market Association (LBMA) said on Wednesday. Financial market transparency has been a major focus for regulators after evidence of... 

Gold Fields to build 3D model of huge South Deep mine

By: Martin Creamer A three-dimensional (3D) visualisation model of the large South Deep gold mine is poised to be the high point of a series of modernisation steps taken by the Gold Fields operation, which last week helped the share price of the Johannesburg- and New York-listed gold mining company to take its... 

Gold Fields to build 3D model of huge South Deep mine
South Deep gold mine

Gold extends gains on geopolitical tensions but US rate view drags

By: Reuters Gold added to overnight gains on Wednesday on a softer dollar and heightened tensions after Turkey shot down a Russian warplane, but the rally was capped on expectations of a US rate hike next month. Turkey shot down the Russian jet near the Syrian border on Tuesday, saying the plane had violated... 

Argonaut chairperson to retire

By: Megan van Wyngaardt Canadian mining company Argonaut Gold’s chairperson Brian Kennedy will retire, effective December 31. Kennedy chaired the board since the company went public in December 2009. Prior to that, he served as Meridian Gold chairperson. 

KWG, Chinese firm consider Ring of Fire transportation corridor collaboration

By: Ilan Solomons Chromite explorer KWG Resources and Chinese State-owned China Railway First Survey & Design Institute Group (FSDI) are considering a possible transaction for FSDI to undertake a feasibility study on behalf of KWG on all aspects of the construction of Ontario’s Ring of Fire (RoF) transportation... 

Yukon project to require $174m investment - MinQuest

By: Esmarie Swanepoel A scoping study into the Marg multi-metals project, in Canada's Yukon territory, has found that the project could support a production rate of 1.25-million tonnes a year from an underground operation, with a seven-and-a-half year mine life. The Marg project is forecast to produce 241 400 t of... 

SouthGobi executes interest deferral agreement with CIC

By: Creamer Media Reporter Toronto- and Hong Kong-listed SouthGobi has executed an agreement with China Investment Corporation (CIC) for the deferral of cash interest payments. SouthGobi, which mines coal in Mongolia, has agreed to pay CIC a deferral fee at a rate of 6.4% a year. 

Paladin buys back more notes

By: Esmarie Swanepoel Uranium miner Paladin Energy has repurchased $11-million of its outstanding $254-million convertible bonds, which were due in 2017. The ASX and TSX-listed company reported on Wednesday that the cash expenditure for the repurchase was about $9.9-million, as the bonds were bought back at an... 

Noront to raise $2.4m to continue Ring of Fire exploration

By: Ilan Solomons TSX-V-listed exploration company Noront Resources plans to raise $2.4-million in a private placement of 4.8-million flow-through common shares at a price of $0.50 apiece. The proceeds would be used to continue exploration efforts in Ontario’s “highly prospective” Ring of Fire (RoF) mining... 

Noront to raise $2.4m to continue Ring of Fire exploration
Ontario’s Ring of Fire

Carbon limits to put $2tn of coal, oil, gas projects at risk – report 

By: Reuters Up to $2-trillion in petroleum and coal projects will not be needed if the world takes action to limit warming of the planet to 2 degrees Celsius, according to a report released this week ahead of a global climate summit in Paris. The report adds to a string of studies warning investors that... 

Carbon limits to put $2tn of coal, oil, gas projects at risk – report

Goldcorp, Teck complete combination of Chile projects

By: Creamer Media Reporter Gold major Goldcorp and diversified miner Teck Resources have completed the combination of their respective El Morro and Relincho projects, in Chile, into a 50:50 joint venture (JV), paving the way for a prefeasibility study (PFS) to start next year. Goldcorp said in a statement on Tuesday that... 

No reprieve: iron-ore glut defies Samarco dam disaster

By: Reuters Premiums for iron-ore pellets - the highest-quality steelmaking raw material - have sunk this month despite the loss of a fifth of global supplies after a Brazil mine disaster, underscoring the industry's deep glut. Even a permanent closure at the flood-hit Samarco mine would be unlikely to boost... 

Roy Harvey to head Alcoa's commodities business post split

By: Reuters Aluminum producer Alcoa Inc said it named Roy Harvey chief executive of its traditional aluminum smelting and refining operations, which would be separated from its faster growing plane and car parts business. Harvey, 41, is currently the president of Alcoa's global primary products business,... 

Imported LNG set to kickstart gas-to-power vision – Sasol

By: Martin Creamer Imported liquefied natural gas (LNG) is expected to initiate the greater use of gas in South Africa’s currently coal-dominated electricity generation. Anticipated is the establishment of infrastructure at South African ports, such as Saldanha Bay, Coega or Richards Bay, to facilitate the... 

Imported LNG set to kickstart gas-to-power vision – Sasol
Photo by Duane Daws
Maurice Radebe
2 3 4 5 6 7 8 9 Next Last

Latest News


Latest Videos


Latest News: Africa and Europe

Latest News: Australasia


Topics In These Articles

RSS Feed


Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


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


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
R/€ = 15.27Change: -0.03
R/$ = 14.44Change: -0.05
Au 1057.02 $/ozChange: -0.86
Pt 831.50 $/ozChange: -4.00
Subscribe Now for $96
Subscribe Now for $96 Close