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Liebherr celebrates mining solution milestones

20th July 2018 Three of Swiss mining and construction manufacturer Liebherr Group’s hydraulic excavators have been provided to the mining industry for up to 18 years. The R 9100, R 996B and the R 9350 have been available for between five and 18 years. The current range of Liebherr Mining hydraulic excavators... 

US plans uranium import probe that may lead to tariffs

By: Bloomberg     18th July 2018 The Trump administration plans to open an investigation into whether uranium imports are harming national security, a move that could lead to tariffs on foreign shipments of the metal, said three people familiar with the matter. US uranium producers Energy Fuels and Ur-Energy filed a petition in... 

BHP beats production expectations; warns of $650m Samarco charge

By: Esmarie Swanepoel     18th July 2018 Diversified giant BHP on Wednesday announced that the company had met or exceeded the production expectations for its commodities during the 2018 financial year, but warned of a $650-million financial impact related to the Samarco dam failure, in Brazil. “We have delivered a strong finish to the... 

Anova's Big Springs gold project up for sale

By: Esmarie Swanepoel     18th July 2018 Junior gold developer Anova Metals is looking for a buyer for its Big Springs gold project, in Nevada. “The board has decided to pursue a divestment for Big Springs. This will unlock significant value from the work undertaken at Big Springs over the past five years and will allow Anova to focus... 

Top-grade iron-ore may spike to $100/t

By: Bloomberg     16th July 2018 High-grade iron-ore may spike to $100 a metric ton as China intensifies a clampdown on pollution by restraining industrial activity, adding further momentum to a trend that’s reshaped the global market in recent years and driven buyers in Asia’s top economy to seek out better-quality material.... 

Zimbabwe has skills, natural resources to support increasing investment

By: Erin Steenhoff-Snethlage     13th July 2018 Zimbabwe has adequate skilled and unskilled labour to support increasing investment and the expansion of mining operations, claims mining, exploration and development company Caledonia Mining. Caledonia owns the Blanket gold mine in Zimbabwe, one of the few operating gold mines in the country.... 

Miners welcome ACCC power plans

By: Esmarie Swanepoel     11th July 2018 The resources sector has welcomed recommendations from the Australian Competition and Consumer Commission (ACCC) to significantly improve electricity affordability for Australian consumers and businesses. The ACCC in March launched an inquiry to identify the root causes of the high electricity... 

Mining offers private equity opportunities despite recovery - Denham

By: Reuters     11th July 2018 Private equity still has significant opportunities to invest in mining as companies cut debt and rebuild their balance sheets even as the sector recovers, mining specialist Denham Capital said. Denham, which closed a new $550-million mining fund sooner than expected on Monday, has already... 

Kirkland reports strong production from Australia, Canada mines

By: Marleny Arnoldi     10th July 2018 Toronto-based Kirkland Lake Gold produced 164 685 oz of gold in the second quarter ended June 30, and 312 329 oz for the first half of the year. This compares with 160 305 oz produced in the second quarter of 2017 and 147 644 oz produced in the first quarter of 2018. 

Rising minerals and fuel exports propel Australian trade to record high

By: Esmarie Swanepoel     10th July 2018 Australia’s total trade in goods and services reached a record A$763.2-billion in 2017, new data from the Department of Foreign Affairs and Trade has found. The Composition of Trade, Australia 2017 found that the value of Australia’s goods and services exports rose 14.8% to A$386.7-billion in... 

Denham Capital closes Mining Fund at $558m

By: Marleny Arnoldi     9th July 2018 Resource and energy-focused global private equity firm Denham Capital has closed its first standalone mining fund, the Denham Mining Fund, at $558-million to expand its portfolio in Australia, Canada, South America and Africa.  

Lesson for South Africa from Australia’s less endowed Queensland state

By: Martin Creamer     6th July 2018 South Africa could do well to follow the path Australia's Queensland state has taken to create mining jobs. 

AngloGold starts development of Vogue orebody to increase Sunrise Dam production

By: Simone Liedtke     5th July 2018 Development of the large, high-grade Vogue orebody at gold miner AngloGold Ashanti’s Sunrise Dam gold mine, in Western Australia, is now under way, with production expected to increase by 25% this year to about 300 000 oz. This development follows the commissioning of the miner’s Recovery Enhance... 

Iron-ore slides to seven-month low as trade war fears mount

By: Bloomberg     5th July 2018 Iron-ore’s starting to buckle after a series of warnings that prices are set to drop amid rising global supply, and as investors fret about the potential impact of escalating trade tensions between the US and China. Benchmark spot ore eased to $62.50/t on Thursday, the lowest since November,... 

Bacanora secures $150m debt for Mexico lithium project

By: Marleny Arnoldi     5th July 2018 The Sonora lithium project is one step closer to fruition with Bacanora Lithium on Thursday announcing that it had secured $150-million in debt for the development of Stage 1 of the Mexico mine.  

Goldman says buy commodities as clock ticks toward trade war

By: Bloomberg     5th July 2018 Commodity bull Goldman Sachs Group Inc. has poured cold water on the notion that a trade war between the US and China represents a serious threat to raw materials, saying most of them aren’t likely to be significantly impacted, and after recent declines now’s the time to buy. The Wall Street... 

Kropz listing, Australian lessons and transparency in the DMR 

4th July 2018 This week, Mining Weekly editor Martin Creamer discusses Kropz’s intention to list on London’s Aim, lessons from Australia and transparency in the DMR. 

Newmont Declares Commercial Production at Twin Creeks Underground in Nevada

3rd July 2018 Newmont Mining Corporation (Newmont or the Company) has achieved commercial production at its Twin Creeks Underground expansion project, adding higher-grade, lower-cost gold production at its Twin Creeks operation in Nevada. The project was completed on schedule for $42 million, slightly below... 

Moody’s warns of credit implications for Africa as China shifts to consumption-led growth

By: Simone Liedtke     3rd July 2018 China's shift to consumption-led growth will have mixed credit implications for African sovereigns, flattening the trade volumes of oil and ferrous metal exporters, while benefitting other exporters and tourist destinations, Moody's Investors Service said in a report published on Tuesday. "China... 

METS Ignited awards second round of funding to mining suppliers

By: Marleny Arnoldi     3rd July 2018 Industry-led, government-funded mining equipment, technology and services (METS) sector growth centre, METS Ignited, has awarded A$7.14-million in project funding to eight mining supply businesses in Australia.  

Galileo starts Norseman drilling four weeks after listing

By: Marleny Arnoldi     3rd July 2018 Newly listed Galileo Mining on Tuesday reported that drilling was under way at the Norseman cobalt project, in Australia, with two rigs currently on site.  

On-The-Air (29/06/2018) 

By: Martin Creamer     29th June 2018 Good news for the economy is that Swiss-based mining giant Glencore is taking steps to boost its investments in South Africa. An Australian-funded company is moving at break-neck speed to reopen a rich zinc and copper mine in South Africa’s Northern Cape province. South Africa has supplied all... 

Feasibility study on Western Cape rare earths mine to be completed in 6 to 12 months

By: Anine Kilian     29th June 2018 The Steenkampskraal rare earths mine, owned by developer Steenkampskraal Holdings, in the Western Cape, is aiming to be a building block in a global rare earths supply chain independent of China. Manufacturers globally are expressing concern over China’s dominance of these strategic elements,... 

Company poised to capitalise on burgeoning grease market

By: Tasneem Bulbulia     29th June 2018 Lubricants specialist FUCHS Lubricants South Africa (FUCHS SA) expects that the demand for high-quality greases will grow “significantly” in all spheres of the market, and is, therefore, equipped to meet and exceed the mining market’s requirements for this through its newly commissioned grease... 

Feasibility study on Western Cape rare earths mine to be completed in 6 to 12 months

By: Anine Kilian     29th June 2018 The Steenkampskraal rare earths mine, owned by developer Steenkampskraal Holdings, in the Western Cape, is aiming to be a building block in a global rare earths supply chain independent of China. Manufacturers globally are expressing concern over China’s dominance of these strategic elements,... 

Rio-Carb commissions study on second-tier mineral beneficiation

By: Nadine James     29th June 2018 Chromium carbide (CrC) wear solutions provider Rio-Carb MD Martin Maine has identified a gap in the mining sector in the form of a lack of local beneficiation in the second-tier supply chain in the South African mining industry, and has commissioned academic research to establish how the country... 

IEA sees gas demand growth of 1.6% a year, China to become largest importer

By: Esmarie Swanepoel     27th June 2018 A new report by the International Energy Agency (IEA) has shown that global gas demand will grow at an average rate of 1.6% a year, reaching just more than 4.1-trillion cubic metres in 2023. This forecast compares with demand of 3.74-tillion cubic metres in 2017, the IEA noted in its ‘Gas 2018’... 

Kenmare appoints new independent nonexec director

By: Marleny Arnoldi     26th June 2018 In line with LSE-listed Kenmare Resources’ aim of continually improving governance, it has appointed Clever Fonseca as an independent nonexecutive director, effective July 1.  

On-The-Air (22/06/2018) 

By: Martin Creamer     22nd June 2018 Coal exporters can look forward to faster turnaround times at the Richards Bay Coal Terminal, following the commissioning of a brand new suite of equipment. South Africa’s secretive Department of Mineral Resources needs to subject itself to independent transparency evaluation and to set reform... 

AEMO sees no gas supply gaps to 2030

By: Esmarie Swanepoel     22nd June 2018 The latest Gas Statement of Opportunities (GSOO) by the Australian Energy Market Operator (AEMO) has found that market intervention, new supply and lower demand have avoided a potential energy shortfall. The AEMO in late 2017, warned of a substantial shortfall in gas for the east coast of... 

China continues to encourage foreign mining investment

By: Rebecca Campbell     22nd June 2018 In early April the People’s Republic of China established a new Ministry, that of Natural Resources (MNR). The creation of the new Ministry was part of a programme to restructure the country’s State Council (Cabinet). The MNR took over all the responsibilities of the previous (and now... 

Casting methodology ensures high-quality sheave wheels

By: Paige Müller     22nd June 2018 Mining sheave wheels fabricated using the casting methodology are stronger than their welded counterparts, extending the life span of mining shafts and allowing that sheave wheels be custom-made to suit specific design and application conditions, states foundry and casting specialist KEW... 

China continues to encourage foreign mining investment

By: Rebecca Campbell     22nd June 2018 In early April the People’s Republic of China established a new Ministry, that of Natural Resources (MNR). The creation of the new Ministry was part of a programme to restructure the country’s State Council (Cabinet). The MNR took over all the responsibilities of the previous (and now... 

Kalium Lakes finds SOP takers

By: Esmarie Swanepoel     21st June 2018 PERTH (miningweekly.com) – ASX-listed Kalium Lakes has executed an offtake term sheet with German fertilizer producer K+S for all of the Stage 1 sulphate of potash (SOP) production from the Beyondie project, in Western Australia. Kalium MD Brett Hazelden said that the term sheet brought the... 

Rio-Carb Commissions Academic Research Into The Future Of SA Mining

21st June 2018 Mr. Martin Maine, Managing Director of Rio-Carb of Alrode, a chromium carbide (CrC) wear-solutions provider, has identified a gap in the mining sector in the form of a lack of local beneficiation in the second-tier supply chain in the South African mining industry. Failure to galvanise foreign... 

Rio-Carb commissions academic research into the future of South Africa’s mining sector

By: Nadine James     21st June 2018 Chromium carbide (CrC) wear solutions provider Rio-Carb MD Martin Maine has identified a gap in the mining sector in the form of a lack of local beneficiation in the second-tier supply chain in the South African mining industry, and has commissioned academic research to establish how the country... 

Rio-Carb commissions academic research into the future of SA mining

20th June 2018 Mr. Martin Maine, Managing Director of Rio-Carb of Alrode, a chromium carbide (CrC) wear-solutions provider, has identified a gap in the mining sector in the form of a lack of local beneficiation in the second-tier supply chain in the South African mining industry. Failure to galvanise foreign... 

Asia's thermal coal demand poised to grow

By: Esmarie Swanepoel     19th June 2018 Asia’s thermal coal demand could increase by some 400-million tonnes by 2030, a new report commissioned by the Minerals Council of Australia (MCA) found. Asian thermal coal demand is expected to grown from the 740-million tonnes in 2017, to 1.147-billion tonnes in 2030. 

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