http://www.miningweekly.com
R/€ = 14.90 Change: -0.06
R/$ = 12.17 Change: -0.04
Au 1331.72 $/oz Change: -4.73
Pt 1012.50 $/oz Change: -0.51
 

North America News

Orefinders consolidates prospective Shining Tree district, in Ontario’s famed Abitibi

By: Henry Lazenby     1st December 2017 TSX-V-listed Orefinders Resources has entered into agreements for a series of three acquisitions of adjoining properties from two individual landholders and from private company Premet. Orefinders said in a press release on Thursday that it views the Shining Tree District as a significantly... 

Orford to capitalise on ‘district-scale’ Qiqavik gold discovery, near-term catalysts in Carolina

By: Henry Lazenby     30th November 2017 Planning is under way for another summer drill campaign at recently-gone-public explorer Orford Mining’s Qiqavik project, in the remote emerging gold belt of Cape Smith, in Northern Quebec. “We’ve discovered a new gold district in Canada. This is like walking into the Timmins Belt for the first... 

Orford to capitalise on ‘district-scale’ Qiqavik gold discovery, near-term catalysts in Carolina
Photo by Orford Mining
Qiqavik prospecting, Northern Quebec

Osisko agrees to extend Falco loan; in talks to pick up Horne 5 stream

By: Henry Lazenby     30th November 2017 Royalties and streaming firm Osisko Gold Royalties has entered negotiations with Abitibi-focused explorer Falco Resources on a precious metal streaming agreement for its Horne 5 project, following Osisko agreeing to extend a loan. TSX-V-listed Falco reported that Osisko has agreed to extend a... 

PTM shifts focus to Waterberg project, debts

By: Megan van Wyngaardt     30th November 2017 TSX-listed Platinum Group Metals (PTM) on Thursday said its main focus in the year ahead would be on advancing its large-scale, bulk minable Waterberg project, in South Africa, after agreeing to sell its position in the Maseve mine to Royal Bafokeng Platinum. The miner said it would also focus on... 

Dassault Systèmes heralding in new autonomous mining era  

By: Martin Creamer     30th November 2017 The 'mine of tomorrow' is expected to be a factory-like entity equipped with a multiplicity of autonomous devices, which are controlled by technology savvy personnel working from remote centres, attendees of the natural resources forum heard in Sandton on Thursday. The ‘mine of tomorrow’ would... 

Dassault Systèmes heralding in new autonomous mining era
Dassault Systèmes Geovia CEO Raoul Jacquand interviewed by Mining Weekly Online’s Martin Creamer on mine modernisation. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Kibo advances strategy with Botswana IPP project stake acquisition

By: Anine Kilian     30th November 2017 In line with its strategy of building a diversified portfolio of energy production assets, Aim-listed Kibo Mining will acquire an 85% stake in a company that will hold the Mabesekwa coal independent power producer (MCIPP) project for about £9-million in shares. Kibo has entered into an agreement... 

Karowe to produce up to 290 000 ct in 2018

By: Anine Kilian     30th November 2017 Canadian diamond junior Lucara Diamond’s Karowe mine, in Botswana, is expected to process between 2.4-million and 2.7-million tonnes of ore and produce between 270 000 ct and 290 000 ct of diamonds in 2018.  In an update to shareholders on Thursday, the diamond miner noted that the performance of... 

Cloncurry offtake deal key to accelerating mine development – Altona

By: Mariaan Webb     30th November 2017 Australia’s Altona Mining, which is being bought out by Canada’s Copper Mountain, reported on Thursday that it had executed an offtake agreement with Glencore for the sale of copper/gold concentrates to be produced at the Cloncurry project, in north-west Queensland. Glencore, operates the Mt Isa... 

Kirkland Lake lists on the ASX as gold rush lures prospectors Down Under

By: Reuters     30th November 2017 Canada-based Kirkland Lake Gold listed its shares on the Australia bourse on Thursday after investing millions of dollars and joining dozens of other prospectors in a modern-day gold rush. Kirkland Lake expects to produce a quarter-million ounces of gold in 2017 from a mine it bought a year ago... 

Bitcoin haters don't get its gold-like qualities – Goldman Sachs

By: Bloomberg     30th November 2017 Bitcoin is a commodity with many similarities to gold, and the volatility that has sparked investor concern stems mainly from its lack of liquidity, said Jeff Currie, global head of commodities research for Goldman Sachs Group. “I don’t see why there is all this hostility to it,” Currie said in... 

Bitcoin haters don't get its gold-like qualities – Goldman Sachs

Robots will run mines within the next decade, Anglo says

By: Bloomberg     29th November 2017 Some mines in the next decade will run without humans and instead rely on robots, virtual models and sensors, according to Anglo American. Anglo is betting on technology, such as computerized drills with "chiseling ability as good as a human" to increase productivity, cut costs and reduce... 

Tertiary gains access to prefinancing with Possehl agreement

By: Megan van Wyngaardt     29th November 2017 Aim-listed Tertiary Minerals has signed a memorandum of understanding with global commodities trading group Possehl Erzkontor to enter into a definitive purchase and sales agreement, the company said on Wednesday. Under the agreement, Tertiary would sell its fluorspar products to Possehl, while... 

Goldman sees iron-ore sinking to $50/t as supply expands again

By: Bloomberg     29th November 2017 Iron-ore will weaken next year as global supplies increase including from a new mine in Brazil at the same time that steel production risks topping out in China, according to Goldman Sachs Group, which expects prices to decline back toward $50 a metric ton. Futures fell. The raw material may... 

Goldman sees iron-ore sinking to $50/t as supply expands again

EPA to hold its one hearing on climate rollback in coal country

By: Bloomberg     29th November 2017 The Trump administration is holding its one public hearing on rolling back President Barack Obama’s regulations limiting carbon emissions from power plants – and it will be in West Virginia. While the Environmental Protection Agency leadership under Obama steered clear of the coal-producing... 

Lupaka kicks off Invicta PEA

By: Henry Lazenby     29th November 2017 Peru-focused gold explorer and project developer Lupaka Gold has appointed consulting engineering firm SRK Consulting Canada the lead contractor to prepare a preliminary economic assessment (PEA) on its 100%-owned Invicta gold project. Invicta is an advanced-stage gold/copper polymetallic... 

Altiplano delivers first bulk-sample ore to toll mill

By: Henry Lazenby     29th November 2017 TSX-V-listed explorer Altiplano Minerals has shipped the first 100-t sample of ore taken as part of a bulk sample at the Farellon copper/gold mine, in Chile, for toll milling. The Edmonton, Alberta-based miner said on Tuesday that since the Comet Joint Venture (CJV), in which it has earned a 50%... 

Osisko Mining cuts 479 g/t gold intercept at Lynx

By: Henry Lazenby     29th November 2017 Gold explorer Osisko Mining has reported more significant intercepts as it progresses an 800 000 m drill programme at its Windfall Lake project, located in the Abitibi greenstone belt of Quebec. Highlights from the latest batch of 27 intercepts in 18 drill holes focused on infill and expansion... 

Gahcho Kué hits 5m carats in less than ten months

By: Henry Lazenby     29th November 2017 The 51%/49% De Beers and Mountain Province Diamonds-owned Gahchu Kué mine produced more than five-million carats of diamonds in the first ten months of 2017. Located in the remote Northwestern Territories of Canada, the mine declared commercial production in March, and is expected to produce an... 

Gahcho Kué hits 5m carats in less than ten months
Photo by Reuters
The De Beers and Mountain Province Diamonds-owned Gahchu Kué mine, in Canada's Northwest Territories

RNC to double nickel output at WA mine, resumes talks for Quebec project

By: Mariaan Webb     28th November 2017 TSX-listed RNC Minerals has said it plans to double nickel production from its Beta Hunt mine, with production of four-million pounds of contained nickel forecast for 2018. RNC Minerals is ramping up gold production at the Beta Hunt mine in Western Australia’s Kambalda mining district, with gold... 

Withdrawal of entire MPRDA only constitutionally acceptable solution – Leon

By: Martin Creamer     28th November 2017 The process of reconsidering the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill has generated a new range of procedural missteps and failed to address any of the substantive problems in the Bill, leaving the entire withdrawal of the Bill as the only constitutionally... 

Withdrawal of entire MPRDA only constitutionally acceptable solution – Leon
Photo by Duane Daws
Herbert Smith Freehills Africa co-chair and partner Peter Leon.

Vale, partner Mitsui ink $2.7bn Nacala coal corridor funding

By: Henry Lazenby     28th November 2017 Brazil’s largest diversified miner Vale has announced that it, together with its Japanese partner Mitsui & Co, has signed a $2.73-billion funding deal to finance the Nacala Logistics Corridor (NLC), that will connect the Mozambique-based Moatize coal mine, to the Nacala port. Vale said in a press... 

TransCanada restarts Keystone after oil spill; petitions Nebraska to rethink alternative route decision

By: Henry Lazenby     28th November 2017 Canada’s largest fossil fuels infrastructure operator TransCanada said on Monday it will restart the existing Keystone I pipeline on Tuesday, after a 5 000 bbl oil spill, in Amherst, South Dakota, last Thursday morning halted operations. TransCanada reported that its Keystone pipeline repair and... 

Four NGOs file federal suit to overturn Hudbay’s Rosemont Forest Service RoD

By: Henry Lazenby     28th November 2017 Four nongovernmental organisations (NGOs) have filed a federal lawsuit in the US District Court seeking declaratory and injunctive relief against the US Forest Service for issuing Canadian miner Hudbay Minerals’ Rosemont copper project, in Arizona, a positive ‘record of decision’ (RoD) in June.... 

Four NGOs file federal suit to overturn Hudbay’s Rosemont Forest Service RoD

Primero finalises Cerro del Gallo development project sale to Argonaut

By: Henry Lazenby     28th November 2017 Precious metals producer Primero Mining has completed the sale of its development asset, the Cerro del Gallo mine, in Guanajuato state, Mexico, to fellow Canadian miner Argonaut Gold. Under terms of the transaction, Toronto-headquartered Primero pocketed $15-million in cash, which it advised on... 

Peabody closes sale of stake in inactive Burton mine

By: Henry Lazenby     27th November 2017 US coal miner Peabody Energy has completed the sale of a majority stake in its Burton mine and related infrastructure, located in Australia’s Queensland, for $11-million. The buyer, Lenton joint venture (JV), in which ASX-listed New Hope Corporation holds a 90% interest, has also assumed... 

Noront hits encouraging VMS mineralisation at McFaulds No 8; requests proposals for plant

By: Henry Lazenby     27th November 2017 Ring of Fire (RoF) development champion Noront Resources has intersected encouraging results at the McFaulds No 8 volcanogenic massive sulphide (VMS) deposit, hosted on the property where the first discoveries in the RoF were made and which spurred the initial staking rush in 2002 to 2003. The... 

Dalradian lodges Curraghinalt mine planning permit; closes C$78m private placement

By: Henry Lazenby     27th November 2017 Canadian explorer and development company Dalradian Resources has submitted a mine planning permit application with Northern Ireland’s Infrastructure department (DfI), reflecting a significant milestone in the project’s evolution from a small deposit to a world-class mine. "This is an exciting... 

Gold flirts with $1 300 as low inflation dents rate-hike case

By: Bloomberg     27th November 2017 Gold futures climbed above $1 300/oz for the first time in six weeks as the dollar wavered and investors braced for an onslaught of economic data and political news. Bullion rose for the third time in four days as a gauge of the dollar traded close to the lowest since September. A report later... 

Electric cars' success leaves Toyota isolated with hydrogen bet

By: Bloomberg     27th November 2017 Toyota Motor, which has made a big bet on hydrogen-powered cars, is looking more isolated as industry rivals double down on plug-in electric vehicles as the dominant technology in the emerging post-fossil fuel era. Three years ago, Toyota president Akio Toyoda, grandson of company founder... 

De Beers’ Voorspoed diamond mine on market

By: Martin Creamer     27th November 2017 The decision of diamond giant De Beers to place its Voorspoed diamond mine on the market opens the way for a lower-cost operator to buy the mine and potentially extend its life, the company said on Monday, when it invited expressions of interest from prospective buyers and appointed Standard Bank... 

De Beers’ Voorspoed diamond mine on market
Voorspoed Diamond Mine in Kroonstad, Free State.

New Hope’s Lenton JV completes Burton acquisition

By: Mariaan Webb     27th November 2017 The Lenton joint venture, in which coal miner New Hope holds a 90% interest, on Monday completed the A$14.4-million purchase of mining tenements at the Burton mine, in Queensland, from coal major Peabody Energy. The acquisition, announced in September, included four mining tenements and their... 

Novo to focus on trenching at Purdy’s Reward, conglomerate explorers' shares tumble

By: Mariaan Webb     27th November 2017 TSX-V-listed Novo Resources is shifting its focus to trenching as a way of collecting bulk samples at the Purdy’s Reward gold joint venture (JV) project, in the Pilbara, after large diameter drilling failed to deliver a consistent, quality sample. Novo, which announced the news late on Friday,... 

South32 okays R4.3bn project, eyes JSE for rejigged energy coal 

By: Martin Creamer     27th November 2017 Diversified mining and metals company South32 on Monday approved the R4.3-billion, 20-year Klipspruit life extension project at South Africa Energy Coal (SAEC), and at the same time set out to turn its South African energy coal business into a standalone entity, earmarked for further empowerment... 

South32 okays R4.3bn project, eyes JSE for rejigged energy coal
South32 CEO Graham Kerr

Myopic gold CEOs get a tongue-lashing from Randgold's Bristow

By: Bloomberg     26th November 2017 A gold industry obsessed with containing costs and minimizing risks will find itself at the edge of a cliff by 2020 as supply tightens, according to one of the most profitable producers. Despite prices recovering from 2015 lows, the industry has been slow to reinvest in exploration or sustaining... 

Myopic gold CEOs get a tongue-lashing from Randgold's Bristow
Photo by Duane Daws
Mark Bristow

Mining expert urges caution in Pilbara gold rush

By: Mariaan Webb     26th November 2017 As more junior explorers head to the Pilbara in search for gold mineralisation similar to that found in South Africa’s Witwatersrand, Melbourne-based mining consultant Surbiton Associates has urged caution, reminding investors about the costs and risks involved in exploration. “It is good to see... 

Mining expert urges caution in Pilbara gold rush

German car makers warned of possible battery materials shortage-Welt am Sonntag 

By: Reuters     26th November 2017 The German car industry risks running short of key raw materials for automotive batteries, hampering a planned boost in the production of electric vehicles (EVs), Germany's largest industry association BDI warned. "The risk of running into bottlenecks in raw material supply is increasing because... 

CGM, Transition Metals join forces to speed up exploration at newly acquired DeSantis project

By: Henry Lazenby     25th November 2017 Privately held explorer Canadian Gold Miner (CGM) and project generator Transition Metals have teamed up to accelerate exploration of the DeSantis gold project, in the Timmins Gold Camp, Ontario, which the companies acquired from Osisko Mining. CGM, which is 40%-owned by Transition, also acquired... 

SolGold rises on sanguine Cascabel exploration results

By: Henry Lazenby     25th November 2017 Brisbane, Australia-based, dual LSE- and TSX‐listed explorer SolGold has announced positive exploration results at its flagship Cascabel copper/gold project, in Ecuador. Following the arrival of two track-mounted rigs, with a further two having arrived in country, the drill fleet has increased to... 

Latest News

more

Latest Videos

more

Latest News: Africa and Europe

Latest News: Australasia

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