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Tahltan to receive C$7m a year from Brucejack taxes

By: Creamer Media Reporter      16th June 2018 The Tahltan First Nation will receive about C$7-million a year in tax revenue from the new Brucejack gold mine, under a revenue-sharing agreement between the British Columbia government and the Tahltan central government. The Brucejack mine, in north-western British Columbia, is expected to... 

Project could extend Alaska mine’s life by 6yrs – Kinross

By: Marleny Arnoldi     12th June 2018 TSX-listed Kinross Gold has decided to proceed with the Gilmore expansion project at its Fort Knox mine, in Alaska.  

De Beers concludes R600m transport empowerment deal at Venetia diamond mine 

By: Martin Creamer     8th June 2018 Diamond-mining company De Beers Consolidated Mines (DBCM) has concluded the process of selecting six local black economic empowerment (BEE) partners as part of an impressive R600-million-to-R700-million, eight-year transport empowerment initiative at the Venetia diamond mine in South Africa’s... 

Goldcorp signs IBA with three First Nation communities in Ontario

By: Marleny Arnoldi     6th June 2018 TSX-listed Goldcorp and three First Nation communities – Brunswick House, Chapleau Cree and Chapleau Ojibwe – have signed an impacts and benefits agreement (IBA) with respect to the development and operation of the Borden gold project, near Chapleau, in northern Ontario.  

African Sun Mining pursues opportunities at Junior Indaba

By: Donald Makhafola     25th May 2018 Owing to the current high prices of commodities, wholly black-owned, Pretoria-based opencast mining contractor African Sun Mining hopes to liaise with mining companies, which are prepared to start new projects, during this year’s Junior Indaba to be held from June 5 to 6 at the Johannesburg... 

Resources sector to inject nearly A$6bn into WA economy

By: Esmarie Swanepoel     10th May 2018 The resources sector is forecast to inject some A$5.9-billion into Western Australia’s economy in 2018/19, with the sector continuing to be a major driver in the state’s economy. The mining industry contributed some A$5-billion, or 17%, of Western Australia’s total revenues during 2017, the... 

3M showcases products that can be used in the fight against TB

By: Nadine James     4th May 2018 Mining solutions manufacturer 3M’s Live Life Breathe campaign intensified last month, when the company presented its message of tuberculosis (TB) eradication to the Women in Mining South Africa (WIMSA) organisation –  an organisation which 3M believes represents “South Africa’s industrial heart.”... 

Coal ‘not like buying bread’, Hadebe says as Eskom reverses policy on cost-plus mines  

By: Terence Creamer     3rd May 2018 In a major policy reversal, State-owned electricity producer Eskom is budgeting to invest in the sustenance of mines that supply coal to the utility on a cost-plus basis. During Brian Molefe’s controversial tenure as Eskom CEO, the utility became hostile to the cost-plus model, which Molefe... 

Cameco swings into the black as it focuses on what it can control – Gitzel

By: Henry Lazenby     28th April 2018 Canadian uranium major Cameco is settling into a more relaxed pace of business as it rides out the uranium price doldrums, with two of its best assets languishing on care and maintenance. President and CEO Tim Gitzel noted on Friday that “unprecedented noise in the political economy” are yet to... 

Ferrum Crescent appoints Spanish consultancy at Toral

By: Creamer Media Reporter      23rd April 2018 European explorer Ferrum Crescent has engaged the services of Spanish consultancy Mining Sense to complement the existing operational team at the Toral lead/zinc/silver project. Led by Mining Sense technical director Jesús Montero, the consultancy team will assist with the preperation of... 

Kazakhstan seeks new alumina markets amid Rusal's troubles

By: Reuters     20th April 2018 Kazakhstan is looking to open up new markets for its alumina exports, concerned US sanctions on Russian aluminium giant Rusal could hit business and jobs. Eurasian Resources Group (ERG), a company part-owned by the Kazakh government, produces 1.5-million tonnes a year of alumina, which is used... 

Engineering firm to launch raise mining offering for Africa

6th April 2018 Mining contracting and engineering firm Redpath Mining Africa, in partnership with Redpath Mining Australia, is gearing up to launch a new raise mining offering and adding the new Redbore 65 raise drill to its fleet of Raisebore drilling equipment in Africa from the fourth quarter of this year.... 

ULPs drive innovation for underground mechanisation scheme

By: Donald Makhafola     6th April 2018 The MT3500X/NX and MT950 ultralow-profile (ULP) machines designed and developed by mining equipment and machinery supplier CMTI Group can facilitate mining at lower operating heights and at greater depths, as well as in inaccessible areas, such as remnant pillars and barred panels. "This is the... 

Large uranium deficits expected

By: Jessica Oosthuizen     6th April 2018 The outlook for future uranium demand remains positive amid prevailing low prices, as significant deficits and “substantially higher prices” are expected over the next decade when future supply will be hampered by current under-investment, says uranium development company Bannerman Resources CEO... 

TNG signs co-op agreement with contractors

By: Esmarie Swanepoel     16th March 2018 ASX-listed TNG has inked a cooperation agreement with contractors McMahon Services and Clough Projects to provide construction services for the Mount Peake vanadium/titanium/iron project, in the Northern Territory. The agreement will see McMahon and Clough joint venture (JV) to review the Mt... 

Liviero chooses Komatsu equipment for coal operations

16th March 2018 When mining and construction company Liviero Mining elected to increase its dozer fleet to raise output at two major coal-producing sites in Mpumalanga, at Tweefontein where the company provides contracting services for a diversified mining company Glencore and Vanggatfontein, which it manages... 

Energy-intensive firms say carbon tax wrong tool for reducing power emissions

By: Terence Creamer     14th March 2018 The Industry Task Team on Climate Change (ITTCC), which includes many of South Africa’s largest mining and industrial companies, says the proposed carbon tax will have no material impact on reducing carbon emissions from the electricity sector, which is responsible for around half of the... 

South Africa to become eighth country to export helium by 2019 – Renergen

By: Marleny Arnoldi     12th March 2018 Alternative and renewable energy investment firm Renergen expects to become a significant global producer of helium when its Virginia project starts production in 2019.  

Nevsun narrows Q4 loss on impairment reversal

By: Henry Lazenby     4th March 2018 Base metals producer Nevsun Resources has reported a narrower fourth-quarter loss of $3.8-million, or $0.01 a share, as the bottom line benefitted from the partial reversal of an impairment charge previously booked on zinc ore stockpiles. The Vancouver-headquartered company advised that based on... 

A proposal to the President – A six-point plan

2nd March 2018 South Africa’s minerals and mining industry faces severe headwinds. The Republic of South Africa hosts a treasure trove of geology and minerals, valued at about $2.5-trillion. Without modern exploration, prospecting and new local and foreign investment, these resources will not be developed for... 

A proposal to the President - A six-point plan

2nd March 2018 South Africa's minerals and mining industry faces severe headwinds. The Republic of South Africa hosts a treasure trove of geology and minerals, valued at about $2.5-trillion. Without modern exploration, prospecting, and new local and foreign investment, these resources will not be developed for... 

Planning commission outlines case for Eskom split in new energy document 

By: Terence Creamer     23rd February 2018 The National Planning Commission (NPC) has released a new discussion document on the energy sector, which reinforces the National Development Plan’s (NDP’s) “explicit” requirement for the system operations, planning, power procurement, purchasing and contracting functions within Eskom to be... 

NSW grants mining lease for Clean TeQ Sunrise project

By: Mariaan Webb     23rd February 2018 The New South Wales Planning and Environment department has formally issued the mining leases for the Clean TeQ Sunrise project area and proposed limestone quarry, marking a key milestone in the development of one of the largest cobalt and nickel deposits outside Africa. Clean TeQ, which is... 

China’s iron-ore discounts hit Fortescue revenue, profit falls sharply

By: Mariaan Webb     21st February 2018 Chinese steelmakers’ demand for better-quality ore has had a significant impact on Australian miner Fortescue Metals’ half-year financial performance, with revenue contracting by 18% and net profit falling sharply, sending shares down about 4% on Wednesday. Australia’s third major iron-ore... 

Cameco's 2017 headline earnings dive 59%; contracting to remain 'discretionary' in 2018

By: Henry Lazenby     9th February 2018 Long-term contracting, which is usually borne out of the requirement for power utilities to secure long-term uranium supplies, is not expected to see an uptick in 2018, as the market remains awash with too much uranium, Canada's Cameco said on Friday. In 2017, excess uranium supply continued to... 

Eurasia impressed by speed that Monchetundra application is progressing

By: Mariaan Webb     2nd February 2018 The Russian federal commission on suboil use, Rosnedra, has completed its review of the Monchetundra application, approving a draft of the mining permit for the platinum and palladium project on the Kola Peninsula, London-listed Eurasia reported on Friday. The application for a mining permit was... 

'There has never been a bigger disconnect between price and value' – VRIC 2018

By: Henry Lazenby     22nd January 2018 "The disconnect between price and value is as stunning as I've ever seen," founder of The Stock Catalyst Report Michael Alkin told attendees at the Vancouver Resource Investment Conference (VRIC) on Sunday. Industry participants seemed to agree. 

BCI Minerals signs MoU with Sinosteel to develop Buckland

By: Megan van Wyngaardt     10th January 2018 Australian iron-ore miner BCI Minerals has signed a non-binding memorandum of understanding (MoU) with Sinosteel Australia to support the development of BCI's 100%-owned Buckland project in the West Pilbara region. The project comprises proposed mines, a private haul road and a new port at Cape... 

CMTI Group gears up to supply gold, platinum mines

By: Megan van Wyngaardt     9th January 2018 Mining equipment and machinery supplier CMTI Group, which started operations at its Gauteng-based factory last year, aims to raise $20-million before the close of the first quarter of this year to increase its production capacity. Initial indications and expressions of interest from potential... 

Lesotho mine delivers another high-value diamond

15th December 2017 Global diamond producer Gem Diamonds’ Letšeng diamond mine in Lesotho yielded a high-quality 202 ct Type IIa-D colour, the seventh diamond over 100 ct to be recovered this year. The announcement marks the seventh diamond of over 100 ct to be recovered in 2017 from Letšeng. The mine, it is... 

Liviero Mining Chooses Komatsu For Performance, Efficiency And Cost

14th December 2017 Jan Steyn, Plant Director at Liviero Mining, was one of a number of executives from major South African mining and construction houses that recently returned from an intensive fact-finding visit to Komatsu headquarters in Japan. Liviero Mining is a subsidiary of the Liviero Group, widely... 

Silicosis: we’re close to a deal with the mines, says miners’ attorney

By: News24Wire      12th December 2017 A settlement between thousands of sick gold miners and the mining industry is possible before the end of the year, according to one of the attorneys for the sick mineworkers. More than 100 000 mineworkers and former mineworkers, and their dependants, are claiming damages for contracting silicosis... 

SA Hippo Founder Celebrates 38 Years Of Innovative Manufacturing.

11th December 2017   Hazleton Pumps International (Pty) Ltd previously known as Electro-Mech (Pty) Ltd was registered on 23 October 1979 with electrical and mechanical contracting being the main business activities of the company. Electro-Mech further expanded the business to include borehole drilling and the... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent ones, thereby reflecting a degree of positivity, as well as signs of growth. This also points to untapped potential that is ready to be unlocked through increased investment upstream and... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent regions, thereby showing a degree of positivity with signs of growth. This also points to a degree of untapped potential that is ready to be unlocked through increased investment upstream and... 

PNX appoints study manager for Hayes Creek project DFS

By: Natasha Odendaal     1st December 2017 ASX-listed PNX Metals has appointed engineering, consulting and contracting company GR Engineering Services as the study manager for the definitive feasibility study (DFS) of the Hayes Creek zinc/gold/silver project, in the Northern Territory. GR Engineering will be tasked with the process design... 

Consulting industry evolves despite current challenges

By: Marleny Arnoldi     24th November 2017 As mines have reduced their in-house technical capacity to deal with cost constraints in the economic downturn, the role of consulting engineers in the mining industry has evolved in the past decade, with their specialist skills being applied more broadly, says firm of consulting engineers and... 

Geomysore’s Jonnagiri has potential to be India’s first private gold mine

By: Mariaan Webb     16th November 2017 Gold firm Geomysore Services India, in which Aim-listed Lionsgold has a 21.15% shareholding, has completed a feasibility study for the Jonnagiri gold project, demonstrating the project’s potential to be developed into India’s first privately-owned gold mine. The Jonnagiri project, in the state of... 

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