http://www.miningweekly.com
R/€ = 15.90 Change: -0.01
R/$ = 14.07 Change: 0.00
Au 1320.93 $/oz Change: 5.93
Pt 805.07 $/oz Change: 17.61
 

Topic

Petropavlovsk says IRC facility refinanced

By: Simone Liedtke     15th February 2019 Russian miner Petropavlovsk announced on Friday that it had reached an important step in concluding the refinancing of a $240-million facility that Hong Kong-based IRC, in which it is a large shareholder, has with the Industrial and Commercial Bank of China (ICBC). Petropavlovsk is the guarantor... 

Eagle mine, US

By: Sheila Barradas     15th February 2019 A copper/nickel mine located in the upper peninsula of Michigan. 

Xtract concludes MoA to explore for copper/gold resource in Zambia

By: Tasneem Bulbulia     11th February 2019 Xtract Resources on Monday concluded a memorandum of agreement (MoA) with an unnamed consortium to jointly undertake exploration works on a small-scale copper/gold mining licence, in Zambia. The parties hope to identify a copper/gold resource at the licence within 24 months. 

Indian Power Ministry directs priority coal supplies to pithead plants ahead of summer

By: Ajoy K Das     11th February 2019 The Indian Power Ministry has issued directives to its counterparts in the Coal Ministry and Indian Railways (IR) to give the highest priority to dry fuel supplies to pithead thermal power plants, in light of a trend of lower coal dispatching from Coal India Limited (CIL) and an expected summer... 

India’s Mines Ministry mulls bundled approvals ahead of new mine auctions

By: Ajoy K Das     6th February 2019 India’s Mines Ministry is working on a proposal to bundle mandatory approvals, like forest, environment and pollution, for bidders of 288 mining leases slated to expire in March next year. According to a government official, putting together mandatory approvals prior to holding auctions would... 

Minerals Council Publishes Facts And Figures 2018 Pocketbook

4th February 2019 The Minerals Council South Africa today published the Facts and Figures 2018 pocketbook, which provides preliminary insights into the latest available trends across South Africa’s mining industry, during The State of the Mining Nation media briefing at Mining Indaba 20 In 2018, the mining industry: 

Minerals Council reports mining industry’s 2018 successes

By: Tasneem Bulbulia     4th February 2019 South Africa’s mining industry contributed R356-billion to the country’s gross domestic product (GDP) in 2018, an increase on the R335-billion contribution in 2017, the Minerals Council South Africa ‘Facts and Figures 2018 Pocketbook’ shows. The pocketbook, which was released on Monday during a... 

Mining and Quarrying Equipment Specialist Osborn is 100

By: Creamer Media Reporter      31st January 2019 South African mining and quarrying equipment specialist Osborn is celebrating its 100th anniversary. “In a sector with many challenges - from declining global commodity prices and constant productivity pressures, to inferior, low-cost equipment flooding the market - not many suppliers remain in... 

Premier signs financing agreements for $68m

By: Tasneem Bulbulia     25th January 2019 Canadian precious metals miner Premier Gold Mines has signed a definitive credit agreement with Investec Bank, as administrative agent for the lenders for a $50-million secured revolving term credit facility, the company announced on Friday. Premier also announced financing arrangements with OMF... 

Metso technology incorporated into Pilot Modular crushing, screening products

By: Nadine James     25th January 2019 Crushing and screening company Pilot Crushtec International’s award-winning Pilot Modular range of semi-mobile crushing and screening products will now feature Metso crushing and screening equipment as a standard, Pilot Crushtec CEO Sandro Scherf, said in a statement released last month. Metso... 

Blastcrete Mine Mate an Efficient, Low-Profile Shotcrete Pumping Machine

24th January 2019 Blastcrete Equipment LLC's innovative Mine Mate machine mixes and pumps concrete for underground mine sealing and stabilization, grouting and various other shotcrete applications. The Mine Mate enhances safety in underground mining and tunneling applications and is a convenient solution when... 

Petropavlovsk targeting increased gold production in 2019

By: Simone Liedtke     23rd January 2019 While subject to further plant development success at its pressure oxidation (POX) hub, Russian miner Petropavlovsk is eyeing gold production of between 450 000 oz and 500 000 oz for 2019, with capital expenditure figures expected to reach levels of between $45-million and $50-million during the... 

India mulls bringing natural gas under single unified tax regime

By: Ajoy K Das     18th January 2019 The Indian government has initiated moves to bring natural gas under the purview of Goods and Service Tax (GST) offering succor to a large number of gas-based power plants stranded by high-priced fuel. A Parliamentary committee on energy has batted in favour of including natural gas in the... 

Association ensures PDS requirements are adhered to

18th January 2019 Surface mining association Aspasa, is working closely with government and role players to ensure its members understand and adhere to new requirements relating to proximity detection systems (PDS) for mobile machines in surface mining operations. Aspasa director Nico Pienaar says the new... 

India fails to leverage DMF funds - report

By: Ajoy K Das     9th January 2019 Funds created through the taxation of mining, to mitigate the social and environmental impact of extraction, are grossly under-utilised across Indian states, a Parliamentary report has found. Funds under the District Mineral Fund (DMF) in every district that has mining operations have been so... 

Northern Coalfields to hit 100Mt production in current FY

By: Ajoy K Das     20th December 2018 Northern Coalfields Limited (NLC), the wholly-owned operational subsidiary of State-run Coal India Limited (CIL), will invest an additional $612-million over the next three months of current financial year to hit its 100-million-ton-a-year production target. Should it meet that target by the end... 

India’s Coal Ministry extends timelines for ongoing coal block auction

By: Ajoy K Das     20th December 2018 India’s Coal Ministry has extended the timelines for various stages of auctioning 18 coal blocks that got underway on Wednesday and has also relaxed some terms and conditions for successful bidders. The auction of the coal blocks for users in steel, cement and captive power generation sectors... 

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... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

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