R/€ = 14.49 Change: 0.01
R/$ = 12.97 Change: -0.04
Au 1266.93 $/oz Change: -0.31
Pt 954.50 $/oz Change: -5.50


New projects spur rebound in Chilean mining jobs – recruiter

By: Reuters     Updated 44 minutes ago Companies have stepped up their requests for engineers and other positions at early stage mining projects in Chile, a local recruiter said on Monday, in a further sign of activity warming up in the industry. Chile is the world's biggest producer of copper, which makes up over half its export... 

Veladero strike ends; establishes formal dialogue with trade union

By: Henry Lazenby     Updated 1 hour 49 minutes ago Workers belonging to the AOMA union at the Veladero mine, in San Juan province, Argentina, has restarted work on Monday afternoon after downing tools early on Sunday. Barrick did not elaborate on the union’s issues of concern, but said it is in dialogue with union leadership to “seek a timely... 

New Qld policy approach leaves no room for Carmichael ‘tax holiday’

By: Esmarie Swanepoel     29th May 2017 The Queensland government has unveiled plans for a new policy to unlock the development of the Galilee and Surat basins, as well as the North West minerals province, with Premier Annastacia Palaszczuk saying that the state Cabinet had unanimously agreed upon the new policy approach. Treasurer... 

Carbine gets heritage approval for Mt Morgan

By: Esmarie Swanepoel     29th May 2017 The Queensland Minister of Natural Resources and Mines has granted final heritage approval to the Mt Morgan gold/copper project. ASX-listed Carbine Resources said on Monday that the grant of the heritage approval was another milestone for the project, and was the first of three major approvals... 

IDM completes Red Mountain acquisition from Seabridge Gold

By: Henry Lazenby     27th May 2017 Exploration and development company IDM Mining has completed the acquisition of the high-grade Red Mountain project, in British Columbia, from Seabridge Gold. TSX-V-listed IDM acquired the 100% interest, subject to certain underlying agreements and royalties, under an April 2014 option agreement. 

Canada publishes rules to reduce oil and gas sector methane emissions, air pollution

By: Henry Lazenby     26th May 2017 Canada has introduced new rules aimed at reducing methane emissions and cutting air pollution from its significant oil and gas industry, a move that met with mixed reaction from the industry itself. Minister of Environment and Climate Change Catherine McKenna introduced the new regulation on... 

Adani must pay royalties on Carmichael mine, Queensland says

By: Reuters     26th May 2017 India’s Adani Group will be required to pay full royalties on its $16.5-billion Carmichael coal project in Australia’s Queensland, according to the state’s premier. The Carmichael mine “will pay every cent of royalties in full” under a new policy unanimously agreed to by the state’s cabinet for... 

Lincoln raises nearly A$10m for graphite projects

By: Esmarie Swanepoel     26th May 2017 Graphite developer Lincoln Minerals will raise up to A$9.6-million through two share placements to progress the development of its assets. The company will issue some 300-million fully paid ordinary shares, at a price of 3.2c each, through Direct Investment Agreements. The placement was subject... 

Botswana to adopt Canadian model of sustainability

     26th May 2017 A Canadian model aimed at improving the sustainability of mining through environmental and community outreach practices is being introduced in Botswana, says mining networking platform African Mining Network (AMN) chairperson Yolanda Torrisi. 

Council for Geoscience launches near-shore mapping programme

By: Ilan Solomons     26th May 2017 Mineral resources are important to the economy and capacity building of South Africa and are being extensively exploited on land and there will likely be a shift towards the offshore environment, where exploration is currently focussed on diamonds and titanium sand, says Council for Geoscience... 

‘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. 

Forevermark celebrates diamond inscription milestone

By: Megan van Wyngaardt     25th May 2017 The De Beers’ Forevermark diamond brand has inscribed its two-millionth diamond – a 3.48 ct round brilliant, bearing ‘2,000,000’. The diamond was mined, cut and polished in Namibia and inscribed at the Forevermark Diamond Institute in Surat, India. It will be set in a piece of jewellery at the... 

Adani's $16.5bn Aussie mine rattled by tax deal delay

By: Bloomberg     25th May 2017 India’s Adani Group could walk away from its $16.5-billion Carmichael coal project in Australia unless a royalties deal can be reached with the state government, according to federal Resources Minister Matthew Canavan. The Queensland government’s failure to agree the terms of the royalty regime... 

Savannah aims to tap into European lithium market with 'strategic' Portugal acquisition

By: Mariaan Webb     25th May 2017 Multicommodity company Savannah Resources has announced an agreement to buy a series of highly prospective lithium prospects in Portugal, including an advanced project,as the company seeks to tap into the world’s second-largest lithium market after China. As part of the transaction to buy a 75%... 

Coal India wins tax-cut boost as environmentalists fret

By: Reuters     25th May 2017 State-run Coal India Ltd , saddled with millions of tonnes of unsold coal, is expected to be the biggest beneficiary of a controversial government decision to more than halve the sales tax on the fuel after a jump in local supplies. The world's third-largest greenhouse gas emitting country said... 

Opinion: PBMRs could be built in old power stations due to be decommissioned 

     25th May 2017 The African Utility week saw an important and welcome announcement. Eskom’s Chief nuclear officer revealed that Eskom was reconsidering the Pebble Bed Modular reactor (PBMR). For whatever reason, work on this ground-breaking project was stopped by the South African Government in 2010. The latest... 

IDC approves R218m loan for development of Free State natural gas project 

By: Terence Creamer     24th May 2017 South Africa’s State-owned Industrial Development Corporation (IDC) has approved R218-million in loan finance to support the further development of a natural gas resource in the Free State through the creation of a 107-km pipeline network and associated gas processing facilities. The funding,... 

Aura Energy submits mining lease application for Mauritania uranium project

By: Megan van Wyngaardt     24th May 2017 Dual-listed Aura Energy has submitted a mining lease application to the government of Mauritania for the development of its Tiris uranium project. Marking it a key milestone, the company said the application followed a broad programme of evaluation and study over the past eight months, which... 

BHP hopes for more nickel mines in WA

By: Esmarie Swanepoel     24th May 2017 Mining major BHP has confirmed that it is pursuing environmental approvals to develop two satellite pits to support production from its Mount Keith operation, in Western Australia. Mt Keith is owned by the Nickel West division of BHP.  

NT govt extends Mt Todd agreement

By: Esmarie Swanepoel     24th May 2017 The Northern Territory government has extended its agreement with junior Vista Gold for the management of the Mt Todd gold mine. The mine, which ceased operations in 2000, is estimated to contain some 7.4-million ounces of gold. 

MCA calls for nuclear energy in Australia

     24th May 2017 The Minerals Council of Australia (MCA) has urged the Australian government to consider nuclear energy in the nation’s future. Speaking at the Paydirt South Australian Resources and Energy Investment conference, MCA’s executive director for uranium, Daniel Zavattiero, said that Australia’s... 

Brazil miner Samarco says resuming operations this year challenging

By: Reuters     24th May 2017 Brazilian iron ore miner Samarco Mineração believes resuming operations this year will be challenging, though there remains a small possibility, Roberto de Carvalho, CEO, told Reuters on Tuesday. The company, which halted operations in November 2015 after a dam burst, said talks are continuing... 

Geoscience BC launches third phase of govt-sponsored geologic survey

By: Henry Lazenby     24th May 2017 Non-profit organisation Geoscience BC has announced a third phase in a series of aerial surveys, with the aim to identify hidden mineral potential in north central and north-eastern British Columbia. Called Search Phase III, the survey will use helicopters fitted with magnetic sensors to build a... 

Asanko prioritises Akwasiso ahead of Dynamite Hill following fast Ghanaian approval

By: Henry Lazenby     23rd May 2017 The Ghanaian government has given the green light for TSX- and NYSE MKT-listed miner Asanko Gold to start mining operations at the Akwasiso deposit, in Ghana, ahead of the Dynamite Hill deposit, as previously planned. The Vancouver-based company will benefit from greater mining flexibility by... 

Company climate risk disclosure could become mandatory in a few years

By: Reuters     23rd May 2017 Companies' disclosure of risks to their business from climate change could become mandatory in a few years as investor pressure gathers pace, climate finance experts said on Tuesday. Investors have urged companies, particularly those operating in the oil, gas and coal sectors, to disclose the... 

Thos Begbie’s global quality status boosted by on-the-spot Dekra 

By: Martin Creamer     23rd May 2017 The same-site working relationship that Thos Begbie has established with global quality inspectorate Dekra Industrial RSA is giving the prolific exporter of copper castings a commercial edge in its global dealings with mining and smelter-related customers worldwide. Thos Begbie now hosts the... 

Turnkey Instruments

     23rd May 2017 Gauteng-based industrial and scientific instrumentation manufacturer Turnkey Instruments South Africa (SA) produces a range of instruments for the mining and quarrying industries, as well as local police and authorities. Its product portfolio includes road vehicle brake testers and window tint... 

Cape Lambert buys into Zambia cobalt project

By: Esmarie Swanepoel     22nd May 2017 ASX-listed Cape Lambert has signed a binding term sheet to acquire a 70% interest in the Kitwe cobalt/copper tailings project, in Zambia. Under the terms of the agreement, Cape Lambert will pay $25 000 on the execution of a term sheet to acquire a majority shareholding in Zambian firm Australian... 

Zambia, First Quantum seen resolving $1.4bn dispute in June

By: Reuters     21st May 2017 A row that saw a State-owned Zambian company sue Canadian miner First Quantum Minerals for $1.4-billion is likely to be resolved by June, the southern African nation's Presidency said on Saturday. First Quantum asked a Zambian court in February to dismiss the suit from Zambia Consolidated Copper... 

AuRico Gold, First Nations ink impact benefit accord

By: Henry Lazenby     19th May 2017 TSX-listed AuRico Metals and First Nations surrounding the Kemess underground project have signed an impact benefits agreement (IBA) for the Kemess underground project, in British Columbia, solidifying local relationships and ensuring the project provides economic opportunities and benefits to... 

New toolkit to help govts manage small-scale mining sector

By: Ilan Solomons     19th May 2017 Governments struggling to manage the complex and sometimes chaotic artisanal and small-scale mining sector have a new toolkit, which was developed by the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF). IGF is a Canada-based, international member-driven... 

Strong stance on employee safety required – miner

     19th May 2017 South Africa’s diverse wealth of minerals and a well-regulated mining industry mean mines employ hundreds of thousands of mineworkers from all over Africa, states miner, refiner and marketer of platinum-group metals Impala Platinum (Implats). 

No corruption in nuclear negotiations, Eskom chief nuclear officer assures 

By: Kim Cloete     18th May 2017 Eskom’s chief nuclear officer David Nicholls is still firmly committed to the principle that nuclear is the way to go for a sustainable energy future and says he knows of no corruption in negotiations on a deal to procure new nuclear energy capacity. “I’ve been in the middle of this deal for... 

Oxford Instruments launches X-MET8000 Expert Geo - a new high-performance handheld XRF analyser for geochemical analysis throughout the mining process

     18th May 2017 Oxford Instruments has added the X-MET8000 Expert Geo to its successful range of X-MET8000 handheld XRF (X-ray fluorescence) analysers for geochemical analysis throughout the mining process, from the early stages of exploration to process waste analyses. X-MET8000 Expert Geo offers fast material... 

$5.48bn Panama project on track for 2018 commissioning

By: Esmarie Swanepoel     18th May 2017 The $5.48-billion Cobre Panama copper project, being developed by First Quantum Minerals, is on track for commissioning in 2018. Speaking at the Paydirt Latin America Downunder conference, in Perth, First Quantum global exploration director Mike Christie said on Thursday that the company was... 

Crusader mulls merger with Stratex

By: Esmarie Swanepoel     18th May 2017 Aim-listed gold explorer Stratex International has made a play for Brazil-focused Crusder Resources. The two companies on Thursday announced a nonbinding heads of agreement under which Crusader shareholders would receive 6.6 Stratex ordinary shares for every Crusader share held. 

Trade agreements must go far beyond just cutting tariffs – Merkel

By: Reuters     17th May 2017 Free trade agreements have to do more than just cut tariffs, German Chancellor Angela Merkel told trade unionists on Wednesday, adding that environmental, consumer protection and dispute resolution standards were also essential. "A modern trade agreement has to be about more than cutting... 

Crusader eyeing gold production this year

By: Esmarie Swanepoel     17th May 2017 Brazil-focused gold developer Crusader Resources is targeting high-grade gold production from its Juruena project before the end of the year. In a presentation to the Paydirt Latin America Downunder conference, in Perth, on Wednesday Crusader MD Paul Stephen indicated that mining and... 

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