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Barrick Gold eyes assets, exploration as it plots new phase

By: Bloomberg     17th November 2018 Barrick Gold, soon to become the world's largest bullion miner, is interested in adding more copper assets as long as the red metal is accompanied by bullion, executives said on Friday. Barrick, which expects to complete its $6.1-billion takeover of Randgold Resources January 1, outlined plans... 

India’s Nalco to bid for bauxite blocks at auctions, readies to foray into merchant mining

By: Ajoy K Das     16th November 2018 With various Indian state governments readying to put 21 bauxite mines up for allocation, State-run National Aluminium Company Limited (Nalco) will put in bids at the auctions for captive consumption and foray into merchant mining of the raw material. The 21 bauxite blocks will be auctioned by... 

South African company building new smelter in Zimbabwe

By: Victor Moolman     2nd November 2018 Foundry and engineering company Thos Begbie is working in the Great Dyke of Zimbabwe, close to the town of Shurungwi, where it is helping to construct the Unki platinum smelter, adjacent to a mining operation owned by platinum mining company Anglo American Platinum (Amplats). Thos Begbie was... 

Project management service provider achieves Level 4 B-BBEE

2nd November 2018 Inspection, verification, testing and certification company SGS has announce that its South African mineral project management division SGS Bateman Engineering Services achieved a Level 4 broad-based black economic empowerment (B-BBEE) status in September. B-BBEE is a legislative initiative to... 

New tech ensures safety at underground mines

2nd November 2018 With the death toll in South African mines this year having reached 54, dynamic company Advanced Communications has sourced advanced radios, which use the mine’s existing metallic and conductive infrastructure, to create reliable communication paths underground that extend for kilometres. Mine... 

Shipping delay hits Copper Mountain Q3 results

By: Creamer Media Reporter      1st November 2018 The share price of Vancouver-based miner Copper Mountain fell to a 52-week low on Wednesday, after the company posted a third-quarter adjusted loss of C$8.31-million, after a shipping delay and lower prices hit revenue. The company explained that its revenue fell from C$77.15-million in the... 

Cradle Arc raises £396 000

By: Simone Liedtke     31st October 2018 Aim-listed Cradle Arc has raised £396 000, before expenses, by way of a conditional placing of 44-million new ordinary shares of 0.01p each in the capital of the company at a price of 0.90p a placing share. The proceeds of the placing will be used alongside the funding from the $2-million loan... 

BHP’s Chief Commercial Officer says relationships are crucial in the supply chain

30th October 2018 While average realised prices have been strong for the most recent fiscal year, BHP’s Chief Commercial Officer, Arnoud Balhuizen has warned to not get too caught up with the numbers alone. “Prices have generally benefited disciplined owner-operators with high quality assets, particularly those... 

Deflector tips the scales for Doray

By: Esmarie Iannucci     30th October 2018 Gold miner Doray Minerals has reported record production from its Deflector operation, in Western Australia, during the three months to September. Some 19 683 oz of gold and 635 t of copper was produced during the three months under review, up from the 18 467 oz of gold produced during the June... 

Volatility in global base metals industry to remain, but outlook stable – Moody’s

By: Marleny Arnoldi     30th October 2018 Financial services firm Moody’s Investor Service has a stable outlook for the global base metals industry over the next 12 to 18 months, although indications are that economic growth rates may have peaked. The firm said in a release on Tuesday that synchronised economic growth rates in 2018,... 

MICROMINE ensures Africa has skill sets for the future of mining

29th October 2018 Leading mining software solutions and services provider MICROMINE Africa continues to place a large focus on offering tertiary institutions such as Schools of Mines specialised software packages to better equip graduates with the skills needed for the evolving mining industry on the continent.... 

Extensive Success in African Region Leads to Expanding Footprint for Immersive Technologies

By: Creamer Media Reporter      29th October 2018 After a stellar year of adding new customers, renewing significant support contracts and world class customer results from across the region, Immersive Technologies has substantially increased investment to support the African market. The expansion has already deployed more African Training... 

Yamana Gold sells Argentina mine, reports lower adjusted earnings

By: Creamer Media Reporter      26th October 2018 Canadian gold and silver miner Yamana Gold will sell its Gualcamayo mine, in San Juan, Argentina, to Colombia-based Latin American gold producer Mineros and has granted that company an option to acquire up to 51% of its La Pepa project in Chile. Yamana will receive $30-million in cash upon... 

Wood awarded a contract to provide new Super Portable® system and 6.5km of overland conveyors at Arizona copper mine

26th October 2018 Wood announces today that its subsidiary Terra Nova Technologies (TNT), a global leader in conveying and material handling systems solutions, has been awarded a contract for the design and supply of a Super Portable® heap leach stacking system and overland conveyors at a copper mine in Southeast,... 

Metal Tiger, MOD JV prospecting licences extended

By: Marleny Arnoldi     26th October 2018 Aim-listed Metal Tiger’s joint venture (JV) with ASX-listed MOD Resources, situated in the Kalahari copperbelt in Botswana, has been granted two-year extensions on its prospecting licences by the Botswana licensing authority. These licences were due for renewal by December 31, and hold the T3... 

Glencore reports higher Q3 copper, cobalt output on Katanga restart 

By: Marleny Arnoldi     26th October 2018 Global diversified miner Glencore, which is led by CEO Ivan Glasenberg, produced 1.06-million tonnes of copper in the third quarter ended September 30 – a 12% year-on-year improvement. Additionally, the company produced 28 500 t of cobalt, which is 44% higher than that produced in the third... 

Sibanye secures minimum 20% stake in Argentina copper/gold project 

By: Marleny Arnoldi     26th October 2018 JSE- and NYSE-listed precious metals miner Sibanye-Stillwater on Friday announced the conclusion of a transaction with Regulus Resources and the newly formed Argentinian subsidiary of Regulus, Aldebaran Resources, which was established to unlock value at its Altar copper/gold project, in San Juan... 

Nevsun ups guidance for Eritrea zinc/copper mine

By: Creamer Media Reporter      26th October 2018 Canadian base metals miner Nevsun Mining, which is being taken over by China’s Zijin Mining, has increased its 2018 zinc and copper guidance for the Bisha mine, following a strong third-quarter performance. The mine, in Eritrea, produced 69.6-million pounds of zinc in concentrate, compared with... 

Saudi miner Ma'aden actively looking for overseas investments - CEO

By: Reuters     26th October 2018 Saudi Arabian Mining Co (Ma'aden), the Gulf's largest miner, is actively looking for investment opportunities overseas that would complement and strengthen its business inside the kingdom, the company's CEO said on Thursday. Ma'aden, which mines gold and copper and has in recent years expanded... 

Merged Barrick-Randgold eyes nine tier-one gold assets 

By: Mariaan Webb     26th October 2018 Gold major Barrick Gold chairperson John Thornton has urged shareholders to vote in favour of its $6.1-billion transaction with Africa-focused Randgold Resources, telling investors that the combined entity will have five of the world’s ten so-called tier-one assets and that this could be expanded... 

Havilah secures contingency cash

By: Esmarie Iannucci     26th October 2018 Junior metals developer Havilah Resources has secured a A$6-milion standby facility from Invetec, which the company would use as a contingency measure to manage cash flow over the next 12 months as work is completed on permitting for its North Portia gold project. Havilah is due to receive... 

Colquijirca (Tajo Norte) mine, Peru

26th October 2018 A zinc mine located in the Colquijirca district of the Pasco province, in Peru. 

Surface-mining opportunities lie in market-related commodities

By: Jessica Oosthuizen     26th October 2018 Johannesburg-based mining equipment distributor Vermeer Equipment Suppliers is starting to focus on certain market-related commodities and associated opencast mines to market its Surface Miner surface excavation machines, says mining and pipeline sales segment manager Gareth Cramond. The... 

KAZ Minerals Q3 output up; 2018 guidance maintained

By: Creamer Media Reporter      25th October 2018 Benefitting from a smooth ramp up and high copper grades at its newest mine, Aktogay, Kazakhstan miner KAZ Minerals is on track to achieve its 2018 copper guidance and will likely touch the upper-end of its gold guidance. London- and Kazakhstan Stock Exchange-listed company produced 77 200 t of... 

Newmont adjusted income falls on lower prices, production

By: Mariaan Webb     25th October 2018 Colorado-based Newmont Gold on Thursday reported weaker adjusted net income of $175-million, as its revenue decreased along with gold prices and lower production at various sites. The third-quarter income adjusted for impairments and a write-down in North America, came to $0.33 a diluted share,... 

Vale reports Q3 miss on forex, base metals

By: Reuters     25th October 2018 Brazil's Vale on Wednesday posted weaker-than-expected net income, as a weaker currency coupled with lower base metals production and prices weighed on the world's largest iron ore producer. The miner, also the world's largest nickel producer, reported $1.408-billion in third-quarter net income,... 

Teck Resources adjusted earnings fall on low commodity prices

By: Reuters     25th October 2018 Diversified miner Teck Resources reported a near 23% drop in third-quarter adjusted earnings on Thursday as prices for the Canadian company's main products fell in the quarter. Teck, the world's second-biggest exporter of steel-making coal, said adjusted profit fell to C$466-million, or C0.81 a... 

Barrick takes $405m write-down on Peru mine, adjusted earnings fall

By: Mariaan Webb     25th October 2018 Gold major Barrick Gold, which has agreed to a $6.1-billion deal to buy Randgold Resources, has posted a third-quarter net loss of $412-million, or $0.35 a share, reflecting a $405-million impairment charge at the Lagunas Norte mine, in Peru. The net loss is significantly wider than the... 

Sandfire reports steady Sept quarter production results

By: Esmarie Iannucci     25th October 2018 Copper/gold miner Sandfire Resources has reported solid September quarter results, with copper production remaining steady at 17 924 t, compared with 17 867 t in the June quarter. Gold production over the same period increased from 9 548 oz to 11 141 oz.  

Zijin’s bid for Nevsun jumps two regulatory hurdles

By: Creamer Media Reporter      24th October 2018 The $1.41-billion friendly takeover of Nevsun by Zijin Ming has cleared two regulatory hurdles – one in China and the other in Canada. The Canadian firm, which has assets in Serbia and Eritrea, reported on Wednesday that the takeover had received approval from China’s National Development and... 

Govt banking on policy certainty to revive mining industry 

By: African News Agency      24th October 2018 South Africa's government is banking on recent reforms and policy certainty to revive the mining industry after production  fell by 1.7% in the first eight months of 2018 compared with an increase of 4.5% in the same period last year, Finance Minister Tito Mboweni said on Wednesday. In his maiden... 

Antofagasta narrows 2018 guidance, targets higher output next year

By: Mariaan Webb     24th October 2018 Copper miner Antofagasta has taken 15-million tonnes off the top-end of its production guidance for the year, but maintained its positive outlook for 2019 despite trade tensions clouding the market outlook. The London-listed miner narrowed its copper production guidance to between 705 000 t and... 

Third diamond hole intersects sulphide stringer veins at Rok Optel nickel/copper target

By: Simone Liedtke     24th October 2018 The Rok Optel nickel/copper target, in the Northern Cape, which forms part of ASX- and JSE-listed Orion Minerals’ regional exploration programme, is continuing to emerge as a very promising nickel sulphide project, MD and CEO Errol Smart said on Wednesday. Diamond drill hole OROD003, which was... 

Hudbay expresses disappointment at shareholder meeting requisition

By: Mariaan Webb     24th October 2018 The board of TSX- and NYSE-listed miner Hudbay has expressed its disappointment at the special shareholders meeting called by private equity firm Waterton Global Resource Management, which on Tuesday delivered its requisition. In a statement, Hudbay said that the requisition was delivered... 

Newcrest reports y/y increase in Q1 production

By: Esmarie Iannucci     24th October 2018 Gold miner Newcrest Mining reported a 5% increase in production for the quarter ended September 30, compared with the previous corresponding period, but output fell by 14% when compared with the June 2018 quarter Gold production in Newcrest’s first quarter reached 548 000 oz and the... 

Acacia says senior manager charged in Tanzania corruption probe

By: Creamer Media Reporter      23rd October 2018 Acacia Mining on Tuesday reported that a senior manager of its Tanzanian businesses had been arrested and charged by the Tanzanian Prevention and Combating of Corruption Bureau (PCCB).  The senior manager has pleaded not guilty to all charges.   

US Justice Dept demands details from Glencore on intermediary firms – sources

By: Reuters     23rd October 2018 The US Department of Justice is seeking documents from Glencore about intermediary companies that the commodities firm has worked with in the Democratic Republic of Congo, Venezuela and Nigeria, sources familiar with the matter said. The investigation is not directed at Glencore's own activities... 

Sipa starts ‘extensive’ Uganda nickel exploration programme

By: Nadine James     23rd October 2018 Australia-based exploration company Sipa Resources on Tuesday announced that an “extensive” nickel exploration programme was under way at the Kitgum Pader joint venture (JV) project, in Uganda. The Kitgum-Pader project contains two new mineral discoveries, Akelikongo nickel/copper sulphide and... 

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