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Bid to have Lonmin’s mining licence suspended heads to court

By: News24Wire      25th October 2018 The Mining Forum of SA heads to the North West High Court, Mahikeng, this week to have Lonmin's mining licence suspended. The forum says Lonmin has not met the commitments of its Social and Labour Plan (SLP), according to a GroundUp report. It also wants the mining rights of Lonmin-controlled... 

Indian potash import prices surge 21%

By: Ajoy K Das     17th October 2018 Indian potash import prices have surged 21% to about $290/t for deliveries contracted between September 2018 and July 2019. Importers have warned that higher prices, coupled with a sharp depreciation of the Indian rupee below the Rs73 a dollar mark, would sharply increase the landed price of... 

Kenmare to declare maiden dividend for H1 2019; reports strong Q3 ilmenite, zircon production  

By: Marleny Arnoldi     16th October 2018 LSE-listed mineral sands producer Kenmare Resources on Tuesday announced its dividend policy, a watershed moment for the company, with dividends to be based on a minimum of 20% of profits after tax. Kenmare will start with an interim dividend for the first half of 2019, which will be paid in the... 

Provincial enviro nod for IDM’s Red Mountain

By: Mariaan Webb     8th October 2018 The Red Mountain gold and silver underground mine, in the Nass Wildlife area of British Columbia, is one step closer to development, with the provincial government granting the project environmental approval. Environment and Climate Change Strategy Minister George Heyman and Energy, Mines and... 

Efficient crushing reduces downtime risks

5th October 2018 Cost-effective crushing is vital to the competitiveness of mining and quarrying operations, and experienced experts can ensure the right amount of the required product, while reducing the risk of operational downtime, says integrated crushing, mining and mineral processing solutions provider and... 

New application to assist in selecting correct screening systems

By: Donald Makhafola     5th October 2018 Global project management and manufacturing solutions company Trelleborg’s  applied technologies operation launched the Scandura aperture size selector application (Scandura app) in May. The app is designed to support Scandura screening systems, which are used to classify and screen materials... 

Stornoway announces C$129m financing package

By: Creamer Media Reporter      3rd October 2018 Quebec diamond miner Stornoway has announced a series of financing transactions, totalling $129-million, with lenders and key stakeholders to provide greater financial and operational flexibility. The financing package is made up of a deferral of certain loan principal repayments for a 24-month... 

Indian aluminium producers seek higher import barriers

By: Ajoy K Das     28th September 2018 Indian domestic aluminium refiners are seeking tariff and non-tariff barriers to stem the rising tide of imports of the base metal into the country, which has led to lower sales by local metal producers. Major integrated aluminium refiners in the country, including State-run National Aluminium... 

Julcani mine, Peru

By: Sheila Barradas     28th September 2018 A silver mine located in the region of Huancavelica, Peru. 

MC Mining eyeing acquisition, project access, SEZ 

By: Martin Creamer     27th September 2018 Coal exploration, development and mining company MC Mining, which has painstakingly removed many obstacles in its path in the last five years, is targeting the acquisition of a second suitable operational coal mine in the mould of the cash-generative Uitkomst, taking strong steps to secure access... 

MC Mining reports normalised $9.8m loss

By: Martin Creamer     27th September 2018 Coal exploration, development and mining company MC Mining on Thursday reported a normalised after-tax loss of $9.8-million in the 12 months to June 30, when the company achieved full integration of  the cash generating Uitkomst thermal and metallurgical colliery, which sold $32.7-million worth... 

Luminex says Anglo American to earn into Ecuador project

By: Creamer Media Reporter      25th September 2018 Diversified miner Anglo American has signed a formal earn-in and joint venture agreement with Vancouver-based Luminex Resources, relating to Pegasus A, Pegasus B and Luz concessions in Ecuador. The agreement gives Anglo the right to earn a 60% ownership interest in a JV company indirectly... 

Great Panther adds Brazil mine to portfolio with $105m Beadell buy

By: Mariaan Webb     25th September 2018 TSX-listed Great Panther Silver has announced that it will acquire ASX-listed Beadell Resources, which owns the Tucano gold mine in Brazil, in an all-scrip deal. The transaction will create a new “growth-oriented precious metals producer” focused on the Americas, with a portfolio of three... 

Rio Tinto returns $3.2bn in coal disposal proceeds to shareholders

By: Marleny Arnoldi     20th September 2018 Anglo-Australian multinational mining group Rio Tinto on Thursday unveiled how it intends to return the proceeds of its recent Australian coal disposals to its shareholders. The company will launch a $3.2-billion share buyback programme, combining an off-market buyback tender targeting up to... 

Equinox buys California mine from New Gold

By: Mariaan Webb     20th September 2018 Canadian firm Equinox Gold is set to graduate to a gold producer with the $158-million acquisition of the Mesquite openpit gold mine, in the California, from New Gold. Describing the Mesquite mine as the “perfect fit”, Equinox CEO Christian Milau said on Wednesday that the mine would produce 140... 

Sibanye announces early tender results for bond notes buyback

By: Marleny Arnoldi     18th September 2018 JSE- and NYSE-listed precious metals miner Sibanye-Stillwater announced early tender results of its offer to repurchase up to $350-million of the 6.1% notes due in June 2022 and 7.1% notes due in June 2025. The aggregate purchase price relating to the 6.1% notes amounted to $145-million and the... 

Coal crunch faced by Indian nonpower sector to ease, not end

By: Ajoy K Das     14th September 2018 The coal shortage faced by the nonpower sector is expected to continue, although a reversal of the trend may emerge toward the end of the month, Coal India Limited (CIL) chairperson Anil Kumar Jha has said. “A surge in demand for coal at the start of the summer months this year forced CIL to... 

Galileo to acquire Kabwe residual rights, 95% stake in Star zinc project

By: Marleny Arnoldi     13th September 2018 Aim-listed Galileo Resources has executed a heads of agreement to acquire the Kabwe residual rights, in Zambia, from BMR Group. The acquisition excludes BMR’s small-scale licence which is used as a zinc/lead/vanadium tailings recovery project, situated within the Kabwe mining licence.  

Mining waste set to grow, but ‘reduce, reuse, recycle’ solutions abound

By: Tracy Hancock     7th September 2018 The evolution of waste management techniques to accommodate the shift to low-grade ores by mining operations is one of the key emerging trends in the global mining waste management market, states UK market research company Technavio. The London-headquartered company explains that in the last... 

Mining waste set to grow, but ‘reduce, reuse, recycle’ solutions abound

By: Tracy Hancock     7th September 2018 The evolution of waste management techniques to accommodate the shift to low-grade ores by mining operations is one of the key emerging trends in the global mining waste management market, states UK market research company Technavio. The London-headquartered company explains that in the last... 

Sibanye-Stillwater concludes $450m convertible bonds tender process

By: Marleny Arnoldi     5th September 2018 JSE- and NYSE-listed precious metals miner Sibanye-Stillwater has announced the conclusion of its invitation to tender convertible bonds for purchase up to the aggregate principal amount of $50-million in aggregate purchase price to holders of its $450-million 1.8% guaranteed unsecured... 

BHP buys into Ecuador copper project with SolGold stake

By: Esmarie Iannucci     5th September 2018 Diversified miner BHP has struck a deal with TSX-listed Guyana Goldfields (GGI) to acquire its 6.1% interest in SolGold, which is the majority owner and operator of the Cascabel porphyry copper/gold project, in Ecuador. Under the terms of the agreement, BHP will acquire GGI's entire stake of... 

Railway constraints take their toll on India’s captive thermal power plants

By: Ajoy K Das     30th August 2018 Captive thermal power plants in India are facing coal supply shortages, as a result of constraints in the availability of railway wagons to transport the coal. Not officially acknowledging any shortage of coal and instead blaming distribution bottlenecks for the supply challenges, the country’s... 

Indian govt cracks the whip to get states to complete fresh exploration by year-end

By: Ajoy K Das     30th August 2018 The Indian government has cracked the whip on mineral bearing states to ensure that they hold timely auctions of 288 mineral blocks, leases of which are slated to lapse in 2020. The federal Mines Ministry has issued an ultimatum to all mineral-bearing states to complete fresh exploration of... 

Pacton gains greater ground in Pilbara

By: Esmarie Iannucci     28th August 2018 Junior gold explorer Calidus Resources has inked a letter of intent (LoI) with TSX-listed Pacton Gold to dispose of its non-core conglomerate gold rights for C$3.5-million in shares. Under the terms of the LoI, Calidus will receive a non-refundable payment of C$10 000 and will be issued... 

Indian coal-fired power plants likely to miss new emission control norms deadline

By: Ajoy K Das     23rd August 2018 Indian coal-fired power plants are unlikely to meet the new emission norms by 2022, missing the deadline for the second time since the Environment Ministry first laid down compliance rules in 2015. In the 2015 notification, the Ministry made it mandatory for thermal power plants to retrofit... 

Zambian Revenue Authority executes search warrant at Gemfield’s Kagem mine

By: Schalk Burger     17th August 2018 Gemstone miner Gemfields on Friday said its Kagem Mining company had been subjected to an unannounced visit on Thursday by the Zambian Revenue Authority. Kagem Mining, through which Gemfields operates and holds 75% of the Kagem emerald mine, in Zambia, and its South African polygraph service... 

Gordhan announces whistleblower hotline to boost fight against corruption

By: News24Wire      15th August 2018 Stabilising State-owned enterprises could take six months or longer, depending on the extent of corruption, said Public Enterprises Minister Pravin Gordhan. The minister on Wednesday briefed the portfolio committee on public enterprises on the progress made in addressing governance challenges at... 

Lithium and copper tipped as major Australian export drivers

By: Esmarie Iannucci     13th August 2018 The Reserve Bank of Australia (RBA) has tipped lithium and copper to be the major drivers for commodity exports in Australia, in the next few years. In its August Statement on Monetary Policy, the RBA noted that mineral exploration and mining activity for commodities used in the rechargeable... 

Merger volumes fall in second quarter

By: Esmarie Iannucci     3rd August 2018 Global merger and acquisition (M&A) transaction values in the mining and metals sector fell by 9.5% year-on-year in the second quarter of 2018, advisory firm Ernst & Young (EY) reported this week. In its latest quarterly data, the company noted that while deal value in the first half of 2018 was... 

B&E International Is Industry’s Partner In Crushing From Start To Finish

2nd August 2018 Cost effective crushing is vital to the competitiveness of mining and quarrying operations, and experienced experts can ensure the right amount of the required product, while reducing the risk of operational downtime. Dewald Janse van Rensburg, managing director of B&E International, says it is... 

Cradle Arc buys back convertible loan notes

By: Anine Kilian     1st August 2018 Aim-listed Cradle Arc plans to redeem all of its £1.28-million outstanding convertible loan notes for £1.59-million in cash, by way of staged and back-end weighted payments up to their scheduled maturity date of December 31.  Funding for such redemption, alongside additional working capital for... 

Lifting of Karnataka iron-ore restrictions brings miners and consumers into fresh conflict

By: Ajoy K Das     31st July 2018 The Central Empowered Committee (CEC), the body appointed by India’s Supreme Court on all matters related to mining, has recommended lifting restrictions on iron-ore pellet exports from the southern province of Karnataka, bringing to the fore the conflict between producers and consumers of the... 

Coal India production picking up but domestic shortage to persist for 2 to 3 years

By: Ajoy K Das     24th July 2018 Green shoots are emerging for State-owned miner Coal India Limited (CIL), with first-quarter coal production and sales increasing, but the government has warned that the domestic coal shortage will persist for the next two to three years. CIL achieved a production growth of 15% during the June... 

Indian iron-ore exports shifting from fines to pellets

By: Ajoy K Das     19th July 2018 Indian international trade in iron-ore is shifting to more iron-ore pellets, rather than high-grade fines, prompted by changing preferences of overseas buyers. Information and data sourced from industry indicate that overseas shipment and sales realisations of iron-ore pellets are outstripping... 

David Price steps down from Lionsgold board

By: Creamer Media Reporter      13th July 2018 London-listed gold exploration, production and retail firm Lionsgold has appointed a new interim chairperson, following the resignation of David Price as nonexecutive chairperson with immediate effect to focus on his CEO role at Aim-listed Rockfire Resources. Corporate lawyer Michael Corcoran,... 

Mining pursuing optimisation, innovation to increase profits

By: Erin Steenhoff-Snethlage     13th July 2018 Sandton-based chemical reagent supplier and distributor Axis House believes mining in Africa is moving towards process optimisation through innovation to reduce costs and increase profits, explains Axis House group general manager Justine Stubbs. “Mines are optimising various processes to achieve... 

Battery-skeptic funds wait out cobalt rally seen as fleeting

By: Bloomberg     9th July 2018 Call them battery skeptics. Bets on surging demand for electric vehicles have made cobalt and lithium hot commodities, but some investors say the outlook is leaving them cold. While prices have more than doubled in the past three years on worries over shortages of the metals used in batteries,... 

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