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China's Shandong Zhaojin seeks South American mining assets

By: Reuters     19th October 2018 Shandong Zhaojin Group, one of China's biggest gold miners, is scouring assets in South America as it looks to invest in its first overseas mining project, its general manager said on Friday. The company has set up a representative office in Machala, capital of Ecuador's El Oro province,... 

Gold merger will create industry 'superpower'

By: Rebecca Campbell     19th October 2018 The merger between Barrick Gold (domiciled in Canada and dual-listed on the New York and Toronto stock exchanges) and Randgold Resources (domiciled in Jersey and dual-listed on the London and Nasdaq stock exchanges), announced last month and still awaiting shareholder and regulatory approvals,... 

South Africa’s mining sector headed for muted growth

By: Natasha Odendaal     19th October 2018 South Africa’s new economic stimulus and recovery plan is unlikely to revive growth in the country's bleak mining sector, Fitch Solutions’ latest Industry Trend Analysis shows. Despite a R400-billion infrastructure fund pledge and renewed mining regulatory clarity to restore investor confidence,... 

Marginal increases in lead, zinc demand expected in 2019

By: Nadine James     19th October 2018 In a report released last week, the International Lead and Zinc Study Group forecast that there would be marginal increases in demand for lead and zinc in 2019.  The ILZSG forecasts that global lead demand will  rise by  0.7% to 11.79-million tonnes in 2019, compared with the 11.71-million tonnes... 

Time to enlarge the mining industry for the good of all the people of South Africa

By: Martin Creamer     19th October 2018 There are good reasons why the South African mining industry should not be too big, Dutch disease being one of them, but the present size of mining at only 4% to this country’s gross domestic product (GDP) is a lost economic opportunity second to none. Worst of all is that the cause of mining’s... 

Australian Nickel Conference

By: Creamer Media Reporter      18th October 2018 The Australian Nickel Conference is the premier event for nickel producers and explorers as Australia’s only dedicated nickel event.  Nickel prices have climbed steadily over the years and with increased investor confidence companies are once again talking about feasibility studies, mines... 

Sales and production soar at Woodside

By: Esmarie Iannucci     18th October 2018 Australia’s Woodside Petroleum has seen an increase in both production and sales revenues for the third quarter, as its Wheatstone liquefied natural gas (LNG) project continued to contribute strongly to operations. “Production at Wheatstone LNG continued ahead of plan, underpinning a 13.8% rise... 

South32 reports strong manganese and coking coal performance 

By: Esmarie Iannucci     18th October 2018 Diversified miner South32 on Thursday reported a record quarter at its Australian manganese operations, while metallurgical coal production was up 39% on the previous quarter. “Annual production guidance is maintained for all our operations, with Australia manganese achieving another quarterly... 

BHP iron-ore output up, FY copper guidance trimmed

By: Esmarie Iannucci     17th October 2018 Diversified giant BHP has reported increases in copper and iron-ore production during the three months to September, while petroleum and coal production fell. Iron-ore production for the three months to September was up by 10% on the previous corresponding period, to 61-million tonnes of ore,... 

NAIF takes a closer look at Sconi

By: Esmarie Iannucci     15th October 2018 The Sconi cobalt/nickel/scandium project, in Queensland, will come under the microscope after the Northern Australia Infrastructure Facility (NAIF) board indicated it would move to investigate the potential to provide support for the project. The NAIF provides access for up to A$5-billion of... 

Stonewall reveals South Africa gold project numbers

By: Esmarie Iannucci     15th October 2018 A scoping study into the Theta Hill opencut gold project, in South Africa, has shown that the project could support a production of 67 000 oz/y over a near eight-year mine life. ASX-listed Stonewall Resources said that the scoping study was based on a Joint Ore Reserves Committee compliant... 

Chilean court freezes sale of stake in lithium giant SQM to Tianqi

By: Reuters     12th October 2018 SANTIAGO – A Chilean court on Thursday suspended the sale of a coveted stake in lithium producer SQM to China's Tianqi Lithium, saying it will consider a lawsuit filed by the Chilean company's controlling shareholders, who oppose the deal. The lawsuit, filed on Wednesday, alleges a previous... 

Euro Manganese lists in Frankfurt

By: Creamer Media Reporter      12th October 2018 Canadian explorer Euro Manganese (EMN) has listed on the Frankfurt Stock Exchange, in response to growing interest from European investors. The Canadian company, which owns the Chvaletice manganese project in the Czech Republic, also appointed Deutsche Gesellschaft für Wertpapieranalyse as its... 

Rio Tinto to take hit on legacy alumina contracts

By: Esmarie Iannucci     12th October 2018 Diversified miner Rio Tinto has warned of a $178-million impact on its financials during the first half of 2018, due to its legacy alumina contracts. The miner supplies some 2.2-million tonnes of alumina under legacy contracts, which are priced at a percentage of the benchmark aluminium price. 

Malaysian minister offers to step down from review of Lynas rare earth plant

By: Reuters     12th October 2018 The Malaysian minister in charge of a committee reviewing Australian rare earth miner Lynas Corp's plant has offered to step down following company criticism that she would not be impartial. Malaysian Deputy Minister to the Prime Minister's Office Fuziah Salleh said in a statement on Friday that... 

Gold comes alive in biggest jump since 2016 after equities roiled

By: Bloomberg     12th October 2018 Gold may have finally snapped out of its inertia. On Thursday, prices posted the biggest gain since June 2016, when the UK voted to exit the European Union, after a slump in global equity markets stoked demand for the metal as a store of value. Bullion received another shot in the arm after data... 

Lithium leaders tout bright EV future after tough trading debut

By: Bloomberg     12th October 2018 The market for lithium will remain tight through 2025 as producers struggle to lift output fast enough to meet demand for the material that’s essential in making batteries for electric vehicles (EVs), according to the sector’s newest public company, Livent. “We think demand is going to grow... 

Customisable drive solution enhances operations

By: Paige Müller     12th October 2018 Spain-based inverter manufacturer Ingeteam highlights that its Ingedrive low- and medium-voltage, variable-speed drives (VSDs) provide compact, customisable and powerful drive system solutions for the African mining industry. Ingeteam converters and automation division commercial sales manager... 

Encouraging results from maiden drill

12th October 2018 The assay results from Australian mineral exploration and development company Strandline Resources maiden air-core (AC) drill programme and the second round of auger drilling at the Bagamoyo (BG) mineral sands project in Tanzania have provided the company with encouraging results. The BG-2... 

Releasing exploration companies from onerous regulatory burdens is positive

By: Martin Creamer     12th October 2018 Mining Charter Three does not tie exploration companies down to the obligations it places on new mining licence applicants. Exploration has not been encumbered with 30% black economic empowerment obligations, 5% carried interest for labour, 5% carried interest for communities and the other boxes... 

Transnet tests world’s longest manganese production train

By: Marleny Arnoldi     11th October 2018 Transnet Freight Rail (TFR) has successfully run a 375-wagon manganese train over a distance of 861 km from Sishen to Saldanha Bay. This formed part of the testing of the 4-km-long train, which will, once in operation, be a production train with the highest number of wagons in the world, and the... 

Extending the life of mine beyond its life as a mine

11th October 2018 The last thing on the minds of workers at the oldest-known mine on archaeological record some 43,000 years ago in Swaziland was what their mine might become long after their tools had been put away. Fast forward to today, and the transformation from active mine to mine closure is a C-level... 

Rio Tinto to restart sale of Icelandic aluminium plant – sources

By: Reuters     10th October 2018 Rio Tinto is close to restarting a sale process for some of its aluminium assets, including a plant in Iceland, which have been valued at around $350-million, two sources familiar with the matter said. The assets include a 53% stake in a Dutch anode facility and 50% of the shares in a Swedish... 

Plea for govt to awaken to massive economic potential of mining  

By: Martin Creamer     10th October 2018 A plea for the government to awaken to the massive real potential of the South African mining sector was made on Wednesday by Eunomix CEO Claude Baissac, who decried the disincentivising of South African mining over the past 20 years as an inexplicable paradox and a massive mineral policy... 

BHP aims to restart Olympic Dam copper facility this month

By: Reuters     10th October 2018 BHP expects a plant at its Olympic Dam mine to restart this month following repairs and the company has found a way to deliver returns from the asset as part of a focus on maxmising productivity, its head of Australian operations said on Tuesday. "The expectation remains that we'll have that... 

The battery boom created a new lithium superpower in China

By: Bloomberg     10th October 2018 With a ruined 13th Century castle, the Irish town of Carlow is an unlikely staging post in the super-charged rise of a key player in China’s push to dominate the global electric-vehicle revolution. Ganfeng Lithium Co. sent a team to the town -- a 90-minute drive southwest of Dublin -- in 2013,... 

Kirkland Lake output exceeds targeted levels

By: Mariaan Webb     9th October 2018 Triple-listed Kirkland Lake Gold has exceeded its production target for the third quarter, driven by record quarterly output from the Fosterville mine, in Australia, as well as a strong contribution from its Canadian operations – Macassa, Holt and Taylor. Third-quarter production increased to... 

MICROMINE To Make Their Mark at IMARC 2018

9th October 2018 MICROMINE is excited to be exhibiting its intuitive mining solutions at the annual International Mining and Resource Conference (IMARC) in Melbourne. The conference is one of the largest of its kind in Australia and brings together over 3,000 delegates from across the industry including mining... 

Lithium-rich WA bids to host battery research centre

By: Esmarie Iannucci     9th October 2018 The Western Australian government on Tuesday confirmed that the application for the Future Battery Industries Cooperative Research Centre (FBI CRC) was one of six to be shortlisted to the next round by the Cooperative Research Centres (CRC) programme. The state government has included a... 

India's aluminium makers win Japan sales in market shake-up

By: Reuters     8th October 2018 Indian aluminium makers including Hindalco Industries and Vedanta Ltd are boosting sales to Japan as US sanctions against Russia's Rusal and import tariffs shake up traditional supply routes. India's product has generally not been regarded as high enough quality by Japan's demanding buyers, who... 

Salt Lake gets approval for Williamson pond

By: Esmarie Iannucci     8th October 2018 The Western Australian Department of Mines, Industry Regulation and Safety has given ASX-listed Salt Lake Potash the go-ahead to construct a pond system to dewater the Williamson pit, at its Lake Way project. The Williamson pond will be the first operational scale sulphate of potash (SOP)... 

MCA calls for legislation review to end ‘uranium discrimination’

By: Esmarie Iannucci     8th October 2018 The Minerals Council of Australia (MCA) has called for a reform of the Environment Protection and Biodiversity Conservation (EPBC) Act, to allow Australia to benefit from uranium mining. In a paper commissioned by the MCA, environmental assessment expert Lachlan Wilkinson recommended the Act be... 

MCSA hopes Mandela Platinum Coin will rival Krugerrand

By: News24Wire      5th October 2018 CEO of the Minerals Council South Africa, Roger Baxter, was upbeat following the first day of the Jobs Summit, saying the industry has a proposal to improve platinum demand, a potential growth area. The sector has been in talks with government to develop a Mandela Platinum Rand in honour of the... 

Beach sells 40% in Victorian Otway for A$344m

By: Esmarie Iannucci     5th October 2018 Australian energy company Beach Energy has struck a deal with O.G Energy to sell 40% of its Victorian Otway assets for A$344-million in cash. The Otway parcel includes the Otway gas plant, the existing Geographe, Thylacine, Hallandale, Speculant and Black Watch gas fields, as well as exploration... 

EU's biggest coal-mining nation plans output hike to cut imports

By: Bloomberg     5th October 2018 The biggest coal producer in the European Union plans to boost output of the dirty fuel by about 10% in the next several years to cut down on imports, which are set to jump to a record this year, according to the Polish government. The country, which saw its thermal coal output slumping 7% to... 

Tech advances poised to shorten prospecting-to-mine-development timelines

By: Tracy Hancock     5th October 2018 The impact of the Fourth Industrial Revolution on the minerals industry has not yet played out, but South Africa's, and the world’s, ability to generate massive amounts of data and integrate and use them will undoubtedly improve, leading to an acceleration in mineral exploration in the future,... 

Company opens new office to increase its footprint

By: Donald Makhafola     5th October 2018 Screening and vibrating equipment solutions and services provider Aury Africa has opened a new office near eMalahleni to significantly extend its presence in the Mpumalanga coalfields region. Aury Africa has subsequently entered into supply contracts with significant players in the area. 

Tech advances poised to shorten prospecting-to-mine-development timelines

By: Tracy Hancock     5th October 2018 The impact of the Fourth Industrial Revolution on the minerals industry has not yet played out, but South Africa's, and the world’s, ability to generate massive amounts of data and integrate and use them will undoubtedly improve, leading to an acceleration in mineral exploration in the future,... 

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