http://www.miningweekly.com
R/€ = 16.27 Change: 0.01
R/$ = 14.39 Change: 0.01
Au 1238.58 $/oz Change: 0.51
Pt 783.50 $/oz Change: -9.03
 

Topic

On-The-Air (28/09/2018) 

By: Martin Creamer     28th September 2018 A China-backed South African mining company plans to build a rich metallurgical coal project in Limpopo province; Investment in South African mining was strongly promoted at this week’s Denver Gold Forum in the United States; and The government of Australia this week identified mining as the main... 

Sibanye highlights Lonmin, DRDGold deal attractions at Denver

By: Martin Creamer     26th September 2018 The progressing Lonmin acquisition and the already done DRDGold deal have been highlighted to the Denver Gold Forum by Sibanye-Stillwater, which is currently hosting investors and analysts at its Stillwater mine in Montana. The forum heard how the Lonmin acquisition would add significantly to... 

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,... 

Newmont's CEO rejects talk of bids for Barrick, Randgold

By: Bloomberg     26th September 2018 Newmont Mining CEO Gary Goldberg squashed speculation that Barrick Gold’s offer for Randgold Resources would tempt Newmont to make its own play. When asked about the speculation that’s been raised since the Barrick-Randgold merger was announced on Monday, Goldberg referenced past attempts at... 

Climax and Henderson mines, US

By: Sheila Barradas     27th July 2018 A molybdenum operation located about 20 north-east of Leadville, Colorado, in the US. 

BME expands into US market

By: Nadine James     27th July 2018 South African explosives leader BME has further enhanced its international footprint by supplying its market leading AXXIS electronic detonators to customers in the US. In a statement last week, BME MD Joe Keenan noted that the company is already active with shipments of AXXIS detonators to... 

Cameco following US uranium trade investigation ‘closely’

By: Mariaan Webb     18th July 2018 Canadian uranium major Cameco does not expect the Trump administration’s investigation into uranium imports to have an immediate impact on its shipments into the US, but the company’s president and CEO Tim Gitzel said he is following developments “very closely”. He affirmed that Cameco, which is... 

Antas mine, Brazil

By: Sheila Barradas     13th April 2018 A high-grade openpit copper/gold mine in the state of Pará, in the northern region of Brazil. 

Newmont beats Q4 earnings forecast; output on par with largest gold producer Barrick

By: Henry Lazenby     22nd February 2018 US gold miner Newmont Mining has reported market-beating earnings for the three months ended December 31, and reported production that is on par with that of leading gold producer Barrick Gold. The Denver, Colorado-based miner reported headline earnings for the fourth quarter of $216-million, or... 

Newmont maintains steady reserve base as resources grow

By: Henry Lazenby     22nd February 2018 NYSE-listed US gold major Newmont Mining has replaced all the gold reserves it unearthed in 2017 and managed to grow its global resource base too, it announced on Wednesday. Gold reserves now total 68.5-million ounces for 2017, unchanged from 2016 as additions and revisions fully replaced... 

Senator, uranium producers urge US govt to investigate reliance on Russian imports

By: Henry Lazenby     20th January 2018 US Republican senator for Wyoming John Barrasso has called on the Commerce Department to launch an investigation into the effects of uranium imports on US national security. "For years, government-owned uranium producers in Russia, Kazakhstan and Uzbekistan have unfairly flooded American markets... 

First mover Noront shifts RoF focus to Cu/Zn exploration

By: Henry Lazenby     8th December 2017 With the first commitments in place to build roads into Northern Ontario’s emerging Ring of Fire (RoF) mining camp, regional first mover Noront Resources is taking the opportunity to continue to build out its inventory of polymetallic resources by prioritising copper/zinc targets for exploration... 

Customised spillminator supplied to South African gold mine

By: Victor Moolman     17th November 2017 Engineering solutions and steel fabrication company Lani Service Centre, based in Sebenza, Johannesburg, has supplied a tailor-made spillminator equipped with vesconite bushings to a local gold mine for its underground conveyor and hopper system. “The bushings are self-lubricating, can withstand... 

Newmont stock jumps as output rises and costs fall

By: Henry Lazenby     26th July 2017 US gold major Newmont Mining's operations across its portfolio outperformed for the three months ended June, pushing the company's NYSE-listed stock up by 8% on Tuesday. The Denver, Colorado-based miner has comfortably beaten analysts' earnings forecasts of $0.26 a share, posting an adjusted net... 

‘Attractive’ copper project advances on back of $50m loan

By: Simone Liedtke     26th May 2017 Copper miner Cupric Canyon Capital has secured $50-million to develop its Khoemacau underground mine in north-west Botswana and bring the copper-silver project into production. 

Newmont’s Q1 results surprise to the upside as output, prices rise

By: Henry Lazenby     26th April 2017 US gold major Newmont Mining has surprised investors by beating average consensus estimates during the first quarter ended March, as the miner reported improved output and prices, which were slightly offset by higher costs. The Denver, Colorado-based miner reported net income from continuing... 

Newmont reveals Ahafo underground mine, mill expansion plans to lift output 50%

By: Henry Lazenby     21st April 2017 US-based gold major Newmont Mining has announced investment plans to the value of $380-million for a new underground mine and a 50% plant expansion at the Ahafo mine, in Ghana. The Subika underground mine is projected to produce 1.8-million ounces of gold over an 11-year mine life, and features... 

Newmont named mining sector’s top sustainability performer

By: Creamer Media Reporter      31st January 2017 US gold major Newmont Mining has been singled out for leading sustainability performance and as the most improved company in the mining sector in the 2017 Sustainability Yearbook, which is published by sustainability-focused investment firm RobecoSAM. RobecoSAM manages one of the most... 

NETZSCH to highlight NEMO® progressing cavity pumps and Dewatering Skids at SME 2017

25th January 2017 Visit Booth #2510 to learn about cutting-edge pump technology for mining applications from NETZSCH experts NETZSCH Pumps North America and their German headquarters NETZSCH Pumps & Systems, will be highlighting its NEMO® progressing cavity pump and Dewatering Skids at the Society for Mining,... 

Newmont expects to book significant Q4 impairment charge as Yanacocha closure costs rise

By: Henry Lazenby     14th December 2016 US gold major Newmont Mining said Tuesday it expected to book a noncash impairment charge of between $1-billion and $1.2-billion during the fourth quarter owing to rising costs related to the closure plan of its Yanacocha mine, in Peru. In a filing with the US Securities and Exchange Commission,... 

Newmont adds fourth mine in three years to profit stable

By: Henry Lazenby     16th November 2016 US gold major Newmont Mining has declared commercial production at its Long Canyon mine, in Nevada, the first phase of which will bolster company output by between 100 000 oz/y and 150 000 oz/y of gold over an eight-year mine life. It is the fourth profitable new operation the company has added... 

Maptek appointments to lead strategic delivery of technology roadmap

15th November 2016 Maptek has made two senior appointments to streamline delivery of its exciting Technology Roadmap to customers. The new positions are Chief Technology Officer and Head of Development, Mine Planning. As Chief Technology Officer (CTO), Simon Ratcliffe will manage technology strategy and how this... 

Maptek recognises customers in Hall of Fame awards at MINExpo 2016

27th September 2016 Five customers were inducted into the Maptek Hall of Fame today. The award recognises outstanding dedication to Maptek and contribution to improving our products. Maptek Director of Client Experience, Steve Uecker, said that Maptek wished to honour significant customers who have championed Maptek... 

Barrick says Argentina mine may resume within two weeks

By: Reuters     19th September 2016 Barrick Gold's Veladero gold mine, in Argentina, one of its five core mines, could resume operations in the next two weeks, Barrick president Kelvin Dushnisky said in an interview on Monday. "I am hopeful that it could be up and going in that kind of two-week window depending on how the... 

Asante Gold Acquires Kubi Mining Leases And Eight Prospecting Licenses In Ghana

10th August 2016 Asante Gold Corporation announces that the Special Committee of the Board has reached agreement with Goknet Mining Company Limited to close the acquisition of the Kubi Mining Leases on terms as substantially contained in the Kubi Definitive Option Agreement dated 28th February 2015. See:... 

Keystone’s death means record oil revival for Canadian railways

By: Bloomberg     27th July 2016 Keystone was the great hope for opening US markets further to Canadian crude. Now that it’s dead, the railways are going to make not just a comeback, but transport more oil than ever before. The Keystone XL pipeline was set to carry heavy Canadian crude south from Hardisty, Alberta’s oil hub,... 

Development activities under way at Lithium X’s Sal de los Angeles project

By: Samantha Herbst     21st July 2016 Several development activities are under way at TSX-listed Lithium X’s Sal de los Angeles lithium brine project, in Argentina’s Salta province, following the appointment of Eduardo Morales as COO and Andres Barrientos as project GM. The lithium development company has initiated several pump... 

Centerra and Thompson Creek to tie $1.1bn knot

By: Henry Lazenby     5th July 2016 Canadian gold miner Centerra Gold has agreed to buy indebted US miner Thompson Creek Metals in a deal worth about $1.1-billion. Toronto-based Centerra said it would redeem all of Thompson Creek's secured and unsecured notes at their call price plus accrued and unpaid interest. 

Newmont exits Indonesia with $1.3bn sale of Batu Hijau to PT AMI

By: Henry Lazenby     1st July 2016 US gold major Newmont Mining has agreed to sell its stake in the Batu Hijau copper/gold mine in Indonesia, citing its strategic priorities to lower debt and fund its highest-margin projects. The Denver, Colorado-based miner has agreed to sell its 48.5% stake in PT Newmont Nusa Tenggara (PTNNT)... 

Newmont beats expectations on solid quarter

By: Henry Lazenby     21st April 2016 Despite reporting a drop in headline earnings, gold major Newmont Mining has beaten analyst forecasts by $0.14 a share with its first-quarter results. For the three months ended March 31, the Denver, Colorado-based miner reported a 20% drop in adjusted net income of $182-million, or $0.34 a... 

DA ‘concerned’ by gold rush next to Joburg’s M2 highway

By: African News Agency      18th April 2016 The Democratic Alliance (DA) in Gauteng on Monday expressed its concern about illegal gold mining activity allegedly taking place along the busy M2 highway in Johannesburg. This followed a report in The Times on Monday that illegal gold miners and vandals were threatening the safety of motorists... 

Avanco produces first copper from Brazil mine

By: Megan van Wyngaardt     7th March 2016 Mid-tier copper miner Avanco has produced its first copper concentrate at its Antas operation, in the Carajás mineral province of Brazil. “This is a significant milestone deliverable and bodes well for timely completion of commissioning and transition to steady-state production,” the ASX-listed... 

Thompson Creek swings to adjusted Q4 loss

By: Henry Lazenby     25th February 2016 Diversified miner Thompson Creek Metals Company has swung to an adjusted loss of $49.8-million, or $0.23 a share, as sharply lower molybdenum sales and lower prices for gold, copper and molybdenum impacted the bottom line. The Denver, Colorado-based company, which operates the Mt Milligan... 

Ethics, the foundation of project management

By: Malusi Mkhize     19th February 2016 An organisation’s ethics and, more importantly a project’s leadership is the very foundation on which its successful development is based, says Denver-based project management expert, course leader and author Terry Owen. In a handbook titled Project Management for Mining, published in 2015, which... 

Lower metal prices drive Newmont’s Q4 loss below forecasts

By: Henry Lazenby     18th February 2016 The world’s largest gold miner by market capitalisation Newmont on Wednesday disappointed investors with narrower-than-expected fourth-quarter headline earnings of $20-million, or $0.04 a share – $0.08 a share below Wall Street analyst forecasts – as lower realised metals prices and the impact of... 

Newmont to expand Tanami, beats Q3 expectations as improved sales counter sagging prices

By: Henry Lazenby     29th October 2015 US gold producer Newmont Mining is proceeding with its plans to expand its Tanami operations, in Australia, by building a second decline in the underground mine and expanding plant capacity. The NYSE-listed miner said on Wednesday that it would add about 80 000 oz/y of capacity, decreasing... 

Vista Gold receives $4.3m Australian R&D tax refund

By: Henry Lazenby     28th July 2015 TSX- and NYSE MKT-listed Vista Gold has received a further $4.3-million research and development (R&D) tax incentive refund, net of costs to prepare and file, from the Australian government related to costs incurred during the 2013 fiscal year. The refund was paid under the Australian... 

Risk in Africa is manageable – gold miner

By: Dylan Stewart     10th July 2015 Africa is generally considered a high-risk mining environment, but gold explorer and miner Randgold Resources CEO Mark Bristow argues that the problem is rather that companies are not flexible enough to adapt their management techniques to different mining environments.  

First
Prev
1
2 3 Next Last

Latest News

more

Latest Videos

more

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Close