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PLATINUM 1405.00 $/ozChange: 5.00
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South America
 
NICKEL

Mirabela given some leeway

0 COMMENTS
Struggling nickel miner Mirabela Nickel has been thrown a life-line by the ad-hoc committee of holders of more than 65% of the company’s $395-million unsecured notes, due in April 2018. The consortium of holders had previously agreed to a...
23rd April 2014
 
 
BASE METALS

Amerigo strikes new Codelco accord, to process tailings till 2037

0 COMMENTS
Canadian base metals producer Amerigo Resources, which produces copper and molybdenum from tailings from the world's largest underground copper mine, Codelco's El Teniente operation, in Chile, on Tuesday announced that it had secured a new master...
22nd April 2014
 
 
PLATINUM

Solidarity declares platinum belt partial disaster area

0 COMMENTS
Labour union Solidarity has declared the platinum belt a partial disaster area and sent in its helping-hand organisation to assist its non-striking members in the towns of Rustenburg, Brits and Mooinooi. “Non-strikers also lose a substantial...
22nd April 2014
 
 
DIAMONDS

Rough diamond prices to bounce back in 2014 – lobby

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Natural rough diamond prices may rise 5% to 10% in 2014 on recovering demand for jewellery in developed and emerging markets, the head of Belgium's diamond lobby told Reuters in an interview. The global market came under pressure in 2013 as a...
21st April 2014
 
 
M&A

Barrick proposal to acquire Newmont hits roadblock – sources

0 COMMENTS
The talks between Barrick Gold and Newmont Mining over a combination that would create a gold mining behemoth have hit a snag, but two sources close to the situation say the companies remain keen on a deal and discussions are likely to resume....
21st April 2014
 
 
MARINE MINING

The robot is ready – so when will deep sea mining start?

0 COMMENTS
The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high-grade copper and gold from the seabed off Papua New Guinea (PNG) - when a wrangle over terms is solved. Beyond PNG, in international waters,...
21st April 2014
 
 
GOLD

Peru's gold output seen flat or falling again this year

0 COMMENTS
Gold production in Peru, the world's sixth biggest exporter of the precious metal, will likely either plateau or dip slightly this year compared with 2013, mining companies, analysts and the government said. Gold output will fall by at least 4%...
18th April 2014
 
 
URANIUM

Macusani Yellowcake to acquire Azincourt’s neighbouring Peruvian properties

0 COMMENTS
Peru-focused uranium explorers Macusani Yellowcake and Azincourt Uranium on Friday announced that they had inked a nonbinding letter of intent under which Macusani could acquire all of Azincourt’s neighbouring uranium properties on the Macusani...
17th April 2014
 
 
GRAPHITE

Chinese flake graphite consolidation could alter global supply structure

0 COMMENTS
China has revealed plans to consolidate operations in the world’s most prolific flake graphite-producing region – the Heilongjiang province, where most of the world’s battery raw material comes from – that could significantly alter the...
17th April 2014
 
 
IRON-ORE

Brazil's Vale says China pessimism not justified - CEO

0 COMMENTS
Vale is not concerned about an economic slowdown in China, the mining company's top iron-ore market, because Chinese steel output is setting records, CEO Murilo Ferreia told Reuters on Wednesday. China's economic indicators remain strong,...
16th April 2014
 
 
LEGISLATIVE ENVIRONMENT

Campaign under way to pay unclaimed R5bn to 200 000 ex-mineworkers Video Available

0 COMMENTS
Teba CEO Graham Herbert (right) and Martin Creamer JOHANNESBURG (miningweekly.com) – A campaign is under way in the mining industry to find more than 200 000 former mineworkers who are owed at least R5-billion in unpaid provident fund, occupational disease and service-award claims. Disabled or...
16th April 2014
 
 
DIVERSIFIED MINER

BHP hikes iron-ore, met coal production forecasts

0 COMMENTS
Diversified major BHP Billiton has reported record production for four of its commodities, at ten operations, during the nine months ended March, and increased its full-year iron-ore and metallurgical coal production expectations. “Our...
16th April 2014
 
 
 
 
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