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GoldStone expects definitive economic plan for Ghana mine to be completed in Q2

By: Marleny Arnoldi     14th February 2019 Aim-listed GoldStone Resources expects the definitive economic plan (DEP) for its Akrokeri-Homase gold project, in Ghana, to be completed during the second quarter. The DEP assesses the capital requirements, operating costs and timelines in respect of developing an operational mine on the... 

Harmony exploring Target North, Kalgold 

By: Martin Creamer     12th February 2019 Harmony Gold is currently adjudicating a tender for the drilling of the Target North greenfield exploration project in the Free State and is engaged in near mine brownfield exploration at Kalgold in the North West. Harmony Gold CEO Peter Steenkamp on Tuesday described the Target North prospect as... 

Obuasi development on track for end-2019 gold pour  

By: Marleny Arnoldi     11th February 2019 AngloGold Ashanti’s Obuasi redevelopment project has completed its first week of underground development blasting, as the work to pour first gold by the end of the year gathers momentum. The first blast, on February 1, advanced development by around 4.2 m on the 2 700-level, which is accessed... 

Obuasi mine to be an engine of growth for AngloGold, says CEO

By: Kim Cloete     6th February 2019 AngloGold Ashanti CEO Kelvin Dushnisky is very upbeat about developing its Obuasi gold mine, in Ghana, and has described it as being "in a class of its own on a number of metrics".  “It will be an engine of growth for this company. You need big, chunky engines of growth which, year after year,... 

Goldplat's South African, Ghana subsidiaries achieve solid Q2 performance

By: Simone Liedtke     4th February 2019 Aim-listed Goldplat on Monday announced a 57% quarter-on-quarter increase in the production of gold-equivalent ounces for the second quarter ended December 31. Output was, however, 4% lower year-on-year. 

AngloGold soil study in Colombia halted pending review after mining ban

By: Reuters     30th January 2019 Miner AngloGold Ashanti said on Tuesday it has halted a soil study at a site in Colombia after the town's mayor issued a suspension order because of a recent mining ban. Work at the site in Jerico, Antioquia province, was stopped on Monday and the project will remain halted pending a review by... 

Kibali achieves success across the board; above production guidance

By: Tasneem Bulbulia     29th January 2019 The Kibali gold mine, in the Democratic Republic of Congo (DRC), produced 807 251 oz of gold in 2018, above its target of 750 000 oz and 35% higher than its output in the previous year. This was achieved on the back of the successful ramp-up in underground production and a steady improvement in... 

Consultancy plans to expand mining capability

By: Jessica Oosthuizen     25th January 2019 Multidisciplinary engineering and environmental consultancy Knight Piésold aims to expand its mining capability and market share, especially in tailings, as well as assist mines in developing renewable-energy projects in remote areas where grid power is unavailable or unreliable, says Knight... 

Orinoco/AngloGold Ashanti JV kicks off

By: Esmarie Iannucci     23rd January 2019 ASX-listed Orinoco Gold and fellow-listed AngloGold Ashanti have kicked off an exploration joint venture (JV) in Brazil. The JV was signed in early 2017 to establish a regional exploration JV over Orocobre’s Fiana goldfields project, which encompasses the tenements around the company’s Cascavel... 

Gold Fields denies interest to merge with AngloGold Ashanti 

By: Marleny Arnoldi     23rd January 2019 JSE- and NYSE-listed Gold Fields has denied that it wants to merge with its competitor AngloGold Ashanti, stating that an article published by Bloomberg on Tuesday was factually incorrect. Bloomberg quoted a person familiar with the matter as saying Gold Fields wanted to merge with AngloGold as... 

Gold drilling demand ensures solid revenue, contracts for Capital Drilling

By: Marleny Arnoldi     17th January 2019 LSE-listed Capital Drilling exceeded the top end of its revenue guidance of $105-million to $115-million for 2018, on the back of a strong performance at its West African contracts. It earned $116-million in revenue.  

The Future of HR in Mining – Adapting to AI, Machine Learning and Robotics

By: Creamer Media Reporter      17th January 2019 Regenesys Business School, in partnership with Mining Weekly, is hosting a discussion forum on “The Future of HR in Mining in a New Digital Age” on 7 February 2019. The discussion will take place from 08h00 to 10h00 at their campus in Pybus Road, Sandton. Regenesys is proud to announce that some... 

Monster gold-mining deals pile pressure on those left behind

By: Bloomberg     15th January 2019 Mark Bristow’s tenure as boss of the world’s biggest gold miner might have been short-lived, but his message for smaller rivals just got even more pointed. “Holy camoly, I missed out on a great opportunity!” is how Bristow described anyone not involved in Barrick Gold’s purchase of Randgold... 

Matsa completes mining at Red Dog

By: Esmarie Iannucci     11th January 2019 ASX-listed Matsa Resources in November of last year completed mining at the Red Dog gold project, in Western Australia, with last ore hauled to gold producer AngoGold Ashanti’s Sunrise Dam treatment plant in December. Matsa on Friday reported that mining at the Red Dog operation had generated 12... 

Vector takes major interest in DRC gold project

By: Esmarie Iannucci     11th January 2019 Gold developer Vector Resources was hoping to complete a definitive feasibility study (DFS) on the Adidi-Kanga gold project, in the Democratic Republic of Congo, during this year, after settling the acquisition of a 60% interest in the project. The ASX-listed Vector in July last year struck a... 

Gold miners to focus on mitigating risks – Fitch Solutions 

By: Simone Liedtke     8th January 2019 Consultancy company Fitch Solutions believes the gold mining industry will remain fragmented, with the top five companies producing just one-fifth of global output. Despite the company’s expectation of a slight rebound in prices, it stated in its latest ‘Outlook for gold miners’ report, published... 

AngloGold Ashanti Signs Obuasi Mining Contract with AUMS, Ghana’s Rocksure

30th October 2018 AngloGold Ashanti is pleased to announce finalisation of a five-year underground mining contract at the Obuasi Re-Development Project with Underground Mining Alliance Limited, a joint venture between African Underground Mining Services and Accra-based Rocksure International, a wholly-owned... 

Mali's first independent power project to start up next week

By: Reuters     25th October 2018 Mali's first independent power project – a €122-million ($139.06-million), 90 MW diesel plant – will go online next week in the country's gold-rich southwest, a board member of the operator said on Wednesday. The new plant could spur more of the foreign investment Mali has struggled to attract... 

Vector secures $35m in additional debt

By: Esmarie Iannucci     17th October 2018 ASX-listed junior Vector Resources has secured a $35-million debt funding for its Adidi-Kanga gold project, in the Democratic Republic of Congo. Dubai-based FT General Trading will provide the funding, which will be used for payments relating to the acquisition of the Adidi-Kanga project, the... 

Polymetal obtains controlling stake in noncore Veduga

By: Creamer Media Reporter      15th October 2018 Gold miner Polymetal International has obtained a controlling interest in the Veduga deposit in Russia’s Northern Yenisey belt, opening the door for “multiple strategic options” for the noncore asset. The miner has agreed to increase its stake in the Veduga deposit to 74.3% through the... 

Court says Colombia votes cannot block mining, oil projects

By: Reuters     12th October 2018 Colombia's constitutional court on Thursday ruled that local referendums that ban mining and oil extraction cannot halt energy projects, after a raft of votes spooked multinational companies. A wave of environmentally focused anti-mining referendums over the past 18 months have worried... 

Erris appoints investment banker as CEO

By: Creamer Media Reporter      11th October 2018 Europe-focused explorer Erris Resources has appointed investment banker Anton du Plessis as CEO, succeeding Merlin Marr-Johnson, who on Thursday resigned as director and elected to step down. Erris, which has a portfolio of zinc and base metals projects in Ireland and gold projects in Sweden,... 

Drought forces two-month closure of Leagold Brazil mine

By: Mariaan Webb     11th October 2018 Latin America-focused Leagold on Wednesday announced a two-month shutdown of its RDM mine, in Brazil, citing continued regional drought conditions. In 2017, the RDM mine was closed on August 11 and restarted, on an intermittent basis, in early November with the onset of the region's rainy season. 

Mali approves Randgold’s Morila mine to agribusiness conversion

By: Marleny Arnoldi     8th October 2018 Gold miner Randgold Resources’ Morila gold mine’s ambitious agribusiness project has been approved by the Malian government. The project is designed to replace mining with a sustainable economic activity in the local community after the operation’s closure in two years’ time. 

Platinum, gold CEOs say it’s time to bring curtain down on SA’s deep level mining

5th October 2018 By Brendan Ryan – Miningmx The era of deep-level gold and platinum mining in South Africa, which is the world leader in these fields, is drawing to a close with no more deep-level shafts likely to be sunk. 

International investment in South Africa’s mining industry lagging  

By: Marleny Arnoldi     4th October 2018 Although international mining funds are choosing to invest in other jurisdictions, rather than in South Africa’s mining sector, there is still hope for the local mining sector, Anglo American nonexecutive director and Joburg Indaba international investment panel chair Jim Rutherford said on... 

Unions agree 3-year Harmony Gold wage deal

By: Reuters     3rd October 2018 Harmony Gold signed a three-year wage agreement with South Africa's National Union of Mineworkers (NUM) and two other unions on Wednesday, the company and unions said on Wednesday. Harmony said in a statement that the deal would see a R700 a month pay hike in the first year for the lowest-paid... 

Randgold refutes Sokimo’s claims around Barrick merger affecting Kibali ownership

By: Marleny Arnoldi     28th September 2018 Randgold Resources has refuted reported claims by Democratic Republic of Congo State miner Société de Miniere de Kilo-Moto SA (Sokimo) that the proposed merger between Barrick Gold and Randgold will introduce a new partner in the Kibali joint venture. Randgold said the proposed merger would... 

Joburg Indaba to provide ‘reality check’, promote investment

By: Paige Müller     28th September 2018 This year’s Joburg Indaba will focus heavily on the economic environment and South African government’s role in encouraging investment in the embattled local mining sector, says investment conference specialist and organiser of the Joburg Indaba, Resources 4 Africa. Resources 4 Africa CEO Paula... 

AMCU, NUM granted certificates of nonresolution in wage talks with Sibanye

By: Marleny Arnoldi     27th September 2018 The Commission for Conciliation, Mediation and Arbitration (CCMA) has granted certificates of nonresolution to the Association of Mineworkers and Construction Union (AMCU) and the National Union of Mineworkers (NUM) regarding gold wage negotiations with Sibanye-Stillwater. The wage negotiations... 

New AngloGold boss weighs asset sales to unlock value at miner

By: Bloomberg     26th September 2018 AngloGold Ashanti’s new CEO Kelvin Dushnisky said his goal of unlocking value at the world’s third-largest gold producer will involve focusing on its best assets and selling those that aren’t core to the business. Dushnisky, 55, took over at AngloGold on September 1 as the Johannesburg-based... 

Harmony Gold shows off growing portfolio quality in Denver

By: Martin Creamer     26th September 2018 Harmony Gold’s Moab Khotsong mine in South Africa and Hidden Valley mine in Papua New Guinea will together produce a third of the guided 1.5-million ounces in the 12 months to end June, with the projected 500 000 oz from these two operations being produced at an all-in sustaining cost of $950/oz,... 

NUM signs wage deal with AngloGold

By: Reuters     21st September 2018 South Africa's National Union of Mineworkers (NUM) signed a three-year wage deal with AngloGold Ashanti on Friday, inking the same agreement that other unions reached with the company earlier in the week. The agreement will mean an effective pay hike of over 12% for entry-level underground... 

Gold wage talks deadlock again between Sibanye and AMCU

By: African News Agency      20th September 2018 Wage negotiations between the Association of Mineworkers and Construction Union (AMCU) and Sibanye-Stillwater reached a deadlock once again on Thursday. "No agreement has been reached and wage talks continue," AMCU said in a terse statement. 

Vector Resources secures $20m loan to aid Adidi-Kanga development

By: Marleny Arnoldi     18th September 2018 ASX-listed Vector Resources has secured a $20-million committed debt facility with resources focus fund Medea Future Materials Fund, to help reduce its indebtedness with a local Democratic Republic of Congo (DRC) bank. The company needs $5-million for upfront acquisition costs, about $10-million... 

AngloGold reaches three-year wage deal with AMCU, Uasa, Solidarity

By: Marleny Arnoldi     17th September 2018 AngloGold Ashanti has concluded a wage agreement with unions, the Association of Mineworkers and Construction Union (AMCU), Uasa and Solidarity, in respect of wages and conditions of service for the three-year period starting July 1 and ending June 20, 2021. The wage agreement allows for... 

AngloGold’s Tropicana on track to deliver 500 000 oz/y from 2020

By: Marleny Arnoldi     17th September 2018 There is a strong focus on continuous improvement at AngloGold Ashanti’s 70%-owned Tropicana mine, in Australia, and the aim is to produce 500 000 oz/y of gold from 2020, with support from the adjacent Boston Shaker prospect. In a presentation to the media, on Monday, AngloGold Ashanti... 

Congo Mines Minister insists no compromise on new mining code

By: Reuters     12th September 2018 Democratic Republic of Congo's mines minister said on Wednesday that a new mining code signed into law in March that hikes royalties and taxes cannot be called into question. Addressing a mining conference in the copper and cobalt-mining city of Kolwezi, Martin Kabwelulu called on industry... 

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