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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,... 

BlueRock lifts Kareevlei production by 81% y/y in H1

By: Nadine James     6th July 2018 Aim-listed BlueRock Diamonds’ Kareevlei diamond mine, in Kimberley, in the Northern Cape, achieved “good” production during the second quarter, contributing to an 81% year-on-year increase in tonnes processed to 73 028 t for the first half of this year. Revenue per tonne processed amounted to $7.76. 

Tiger cancels sale of Kipoi to Chinese firm

By: Esmarie Swanepoel     6th July 2018 Copper miner Tiger Resources has pulled the plug on the divestment of its assets in the Democratic Republic of Congo (DRC) to a Chinese consortium. Tiger in January announced that it would sell its Kipoi mine and other assets in the DRC to special purpose vehicle Sinomine Fuhai (Hong Kong)... 

Orion issues shares to its BEE partner

By: Marleny Arnoldi     29th June 2018 ASX- and JSE-listed Orion Minerals has issued additional shares to its South African black economic empowerment (BEE) partner to the value of $250 000.  

Indian government tighten screws on illegal miners

By: Ajoy K Das     29th June 2018 In a further clampdown, the Indian government has issued a directive that illegal mining projects will not be regularised unless violators submit to the Supreme Court giving an undertaking of compliance and payment of court-imposed penalties. The fresh directive on illegal mining states that no... 

Vast Resources raises £1.25m in share placement

By: Marleny Arnoldi     27th June 2018 Aim-listed diversified miner Vast Resources has raised in aggregate £1.25-million through the placing of 238-million shares at a price of 0.5p apiece.  

Skills needed in local quarrying industry

By: Erin Steenhoff-Snethlage     22nd June 2018 The surface mining association, Aspasa, raised awareness about skills shortages in the local opencast mining and quarrying profession through a presentation delivered to an international audience of peers at the Global Aggregates Information Network (Gain) conference, in Spain, last month. Skills... 

Kefi raises £3m; issues shares to contractors, third parties

By: Simone Liedtke     15th June 2018 Aim-listed Kefi Minerals has conditionally raised £3-million, equivalent to about $4-million, through a placing of 120-million new ordinary shares at 2.5p apiece to existing and new shareholders. The placing proceeds net of expenses are expected to be about £2.8-million and will primarily be used... 

Big names in construction, earthmoving equipment headed for Hillhead 2018

By: Shannon de Ryhove     15th June 2018 Later this month, construction solutions company Tarmac’s Hillhead quarry, near Buxton, in Derbyshire, UK, will again host the world’s biggest working quarry exhibition. Some 525 UK and overseas companies have booked exhibition space at Hillhead 2018, which means this year’s event will be 10%... 

Bushveld settles £5m debt with Atlas Special Opportunities

By: Marleny Arnoldi     14th June 2018 Aim-listed diversified miner Bushveld Minerals has redeemed the outstanding unsecured convertible bonds that were issued to Atlas Special Opportunities in September 2017.  

Vale signs $690m in cobalt deals with Wheaton, Cobalt 27

By: Bloomberg     11th June 2018 Vale SA reached agreements to sell future production of cobalt for $690-million upfront as producers look to capitalize on the battery-commodity boom to raise cash for investments. The deal includes $390-million from Wheaton Precious Metals and $300-million from Cobalt 27 Capital, the companies... 

Laramide increases private placement to C$3.3m

By: Nadine James     8th June 2018 Uranium miner Laramide Resources has increased the previously announced private placement from seven-million units to ten-million units, at a company price of C$0.30 a unit, for aggregate gross proceeds of up to C$3.3-million. The ASX- and TSX-listed company had, earlier this month, announced its... 

Fortescue gains 19.9% stake in Atlas Iron

By: Esmarie Swanepoel     7th June 2018 Iron-ore major Fortescue Metals has taken a 19.9% shareholding in fellow-listed Atlas Iron, and has revealed that it would not support a proposed takeover of Atlas by Mineral Resources (MinRes). Fortescue on Thursday revealed that it had acquired a 15% shareholding in Atlas, at a price of 4c a... 

South32 turns its eye to Mexico

By: Esmarie Swanepoel     5th June 2018 Diversified miner South32 has signed an agreement with Canada’s Silver Bull Resources that could result in a $100-million investment in a Mexican zinc project. The TSX-listed Silver Bull has granted South32 the option to form a 70/30 joint venture (JV) over the Sierra Mojada project. The... 

BMR enters into agreements with Blue Square, Jubilee

By: Simone Liedtke     4th June 2018 Minerals processing company BMR Group has entered into an agreement with Blue Square, under which it will pay Blue Square a performance fee of $500 000 relating to work performed, to date, at its Kabwe project, in Zambia.   

rapidBizApps Launches Leads Database Targeting Mining Industry

23rd May 2018 Map-a-Mine App Features Data and Intelligence to Improve Sales to Mines rapidBizApps , a leading provider of apps, software and cloud solutions for mining companies and their suppliers, today launched Map-a-Mine. Map-a-Mine is a leads database and CRM platform for businesses selling into the... 

Cobalt 27 announces first-ever cobalt/nickel streaming deal

By: Henry Lazenby     23rd May 2018 Canadian cobalt company Cobalt 27 has created the world’s first cobalt/nickel streaming deal with ASX-listed Highlands Nickel on the Ramu mine, in Papua New Guinea (PNG). The two partners have signed a metal purchase and sale agreement (MPA) giving Cobalt 27 the right to buy 55% of Highlands... 

DGO takes interest in De Grey

By: Esmarie Swanepoel     22nd May 2018 ASX-listed DGO Gold has taken a 7% stake in fellow-listed De Grey Mining. Under the investment agreement, DGO would subscribe for 25-million ordinary shares in De Grey, prices at 20c each, for a total investment of A$5-million. 

Talaxis to acquire up to 75% of Mkango’s Songwe project

By: Nadine James     18th May 2018 Noble Group subsidiary Talaxis has entered into definitive agreements with Mkango Resources to acquire up to a 75% interest in Mkango’s Lancaster Exploration subsidiary, as well as a 49% stake in its downstream metals division Maginito Investments. In January, Talaxis paid Mkango £5-million in... 

Global Connections Mean More Solutions From Multotec

7th May 2018 Increased technological collaboration between Multotec and its sister companies in Europe is releasing added value for customers around Africa and beyond, according to Multotec’s vice president screening media, Roy Roche. “While Multotec is well known for a diverse range of screening media... 

HCI buys 10% stake in PTM

By: Simone Liedtke     4th May 2018 South African black empowerment investment holding company Hosken Consolidated Investments (HCI), will, through a subsidiary, acquire a 10% interest in TSX-listed Platinum Group Metals (PTM). HCI has entered into a subscription agreement with PTM, on a private placement basis, for the purchase of... 

PTM completes Maseve mine sale

By: Anine Kilian     26th April 2018 Platinum Group Metals (PTM) has concluded the sale of its equity in Maseve Investments, the holding company of the Maseve mine, to Royal Bafokeng Platinum (RBPlat).  The aggregate consideration for the sale comprised 4.871-million RBPlat common shares, which have been delivered, and the... 

Bezant sells Colombia platinum/gold project

By: Marleny Arnoldi     26th April 2018 Aim-listed mineral exploration and development company Bezant Resources has entered into a legally binding agreement for the sale of its wholly-owned subsidiaries Ulloa Recursos Naturales to Auvert Mining Group.  

Caterpillar ups profit outlook on doubling Q1 headline profit, record earnings

By: Henry Lazenby     24th April 2018 Global mining and construction equipment manufacturer Caterpillar has reported record first-quarter profit as strength in many of its end-markets and a strong emphasis on cost control boosted margins. The Deerfield, Illinois-based company reported adjusted profit of $2.82 a share – up 120%... 

Trans Hex to dispose of Lower Orange River operations

By: Simone Liedtke     20th April 2018 JSE-listed diamond mining company Trans Hex’s subsidiary Trans Hex Operations (THO) has entered into an agreement to sell its Lower Orange River (LOR) operations – the Bloeddrif and Baken mines – to black women-owned LOR Diamonds for R72-million. The agreement includes the disposal of the... 

Latin America the leading region in new global wave of exploration

By: Rebecca Campbell     20th April 2018 Worldwide, the mining industry has been recovering from the slump that started in 2012. “After a challenging 2013/14 when the prices of commodities plummeted across the board, 2016 and 2017 have seen resurging prices for aluminium, copper, zinc, nickel, lead, palladium and, more modestly, gold,”... 

Latin America the leading region in new global wave of exploration

By: Rebecca Campbell     20th April 2018 Worldwide, the mining industry has been recovering from the slump that started in 2012. “After a challenging 2013/14 when the prices of commodities plummeted across the board, 2016 and 2017 have seen resurging prices of aluminium, copper, zinc, nickel, lead, palladium, and more modestly in gold,”... 

Mantashe stresses importance of partnerships for mining sustainability

By: Simone Liedtke     18th April 2018 Mineral Resources Minister Gwede Mantashe on Wednesday stressed the importance of partnerships between mining companies and labour, as well as with communities, for mining to be sustainable. Speaking at the inaugural KwaZulu-Natal Mining Indaba, in Newcastle, he noted that such partnership would... 

Antas mine, Brazil

By: Sheila Barradas     13th April 2018 A high-grade openpit copper/gold mine in the state of Pará, in the northern region of Brazil. 

PTM warns of liquidity constraints ahead of completion of stage two of Maseve transaction

By: Marleny Arnoldi     12th April 2018 Project developer Platinum Group Metals (PTM) has warned that its liquidity will be constrained until the second stage of the sale of its Maseve mine to Royal Bafokeng Platinum (RBPlat) is completed.  

First phase of PTM’s Maseve sales transaction completed

By: Simone Liedtke     6th April 2018 TSX-listed Platinum Group Metals (PTM) has completed the sale of its Maseve concentrator plant, near Rustenburg, in South Africa’s North West province, as well as the sale of certain surface rights to Royal Bafokeng Platinum (RBPlat). PTM and RBPlat in November 2017 executed definitive agreements... 

Bacanora terminates NextView placing, reaffirms Sonara H1 construction start

By: Mariaan Webb     6th April 2018 London-listed Bacanora Lithium has terminated its £31.17-million placing agreement with NextView, after the Chinese institutional fund management group defaulted on the December 2017 agreement. NextView would have acquired a 19.89% equity interest in Bacanora through the acquisition of 32 976... 

Gold heading to $1 400/oz as Sprott sees 'winnerless' trade war

By: Bloomberg     3rd April 2018 Gold will surge to the highest level in five years if a global trade war breaks out, according to Rick Rule, CEO of Sprott US Holdings, who’s been involved in the market for four decades. Bullion could top $1 400/oz in 2018 as escalating trade tensions drive investors to havens and the... 

Indian sand mining framework suggest ‘manufactured sand’ and imports to bridge supply gap

By: Ajoy K Das     29th March 2018 Indian demand for sand, categorised as a ‘minor mineral’, has been estimated at about 700-million tons a year and is growing by 6% to 7% a year, according to a Sand Mining Framework document of the Mines Ministry. The document; however, does not give any estimation of supplies, but acknowledges a... 

Indian iron-ore production and imports to rise in current FY

By: Ajoy K Das     26th March 2018 Indian iron-ore production during the current financial year is expected to have grown over the previous year, and imports too are showing tentative signs of a rise. According to preliminary government data, total iron-ore production is expected to be 210-million tons at the end of March, growth... 

Provider ensures sustainability in CO2-intensive industry

By: Tasneem Bulbulia     23rd March 2018 With a high carbon footprint characterising the global cement industry, supplier of construction materials and technical solutions AfriSam is continuously advancing sustainable practices to reduce carbon dioxide (CO2) emissions in mining operations and cement manufacturing processes, and has... 

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