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Creamer Media announces special offer for Real Economy Yearbook to be published in June

     24th April 2017 The next edition of Creamer Media’s Real Economy Yearbook will be published on 30 June 2017 and will provide a researched overview of the state of play in a number of industrial and mining sectors. As in previous years, the Real Economy Yearbook will include updates on key news developments in... 

Argentina mulls $500m safety plan for Barrick's Veladero mine

By: Reuters     22nd April 2017 Barrick Gold and its new Chinese partner presented a $500-million plan on Friday to make safety and environmental improvements to the Veladero gold mine, in Argentina, after a third cyanide spill in 18 months, a company executive said. Argentina told Barrick earlier this month it had to overhaul... 

AfDB to review development of Senegalese power plant after complaints 

By: Megan van Wyngaardt     21st April 2017 The African Development Bank (AfDB) will review compliance eligibility at the €206-million, 125 MW Sendou coal-fired power plant project, in Senegal, following several community complaints. Two groups raised eight similar issues with the bank, including an unviable government policy option to use... 

Tin industry to begin reporting on supply chain standards – ITRI

By: Reuters     21st April 2017 Major tin producers have agreed to begin reporting on compliance with a new code of conduct starting from third-quarter 2017, an industry body said, seeking to boost supply chain credentials ahead of new European rules on responsible sourcing of ore. Ten producers have signed up to the code,... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can be no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012, that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, compared with India’s 7.6%,... 

Strongbow’s South Crofty to revive age-old tin mining tradition in Cornwall 

By: Henry Lazenby     21st April 2017 Bolstered by strengthening tin prices and improving fundamental support in the long term, Canadian mineral exploration firm Strongbow Exploration is set to revive a mining tradition in England’s county of Cornwall, that reaches back thousands of years to the early Bronze Age. The company’s... 

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... 

BC’s mineral exploration and mining industry launch ‘Vote Mining’ campaign

By: Creamer Media Reporter      21st April 2017 As the British Columbia provincial election nears on May 9, the Mining Association of British Columbia (MABC), the Association for Mineral Exploration (AME), and Mining Suppliers Association of British Columbia (MSABC) launched the ‘Vote Mining’ campaign on Thursday, to raise awareness about the... 

Bushveld subsidiary, Chinese firm to build coal-fired power plant in Madagascar

By: Mia Breytenbach     21st April 2017 Aim-listed Bushveld Minerals subsidiary Lemur Resources has signed a memorandum of understanding (MoU) with Chinese State-owned hydropower engineering and construction company Sinohydro Corporation to codevelop an initial 60 MW independent power producer (IPP) coal-fired power plant and an... 

De Beers receives conservation award

By: David Oliveira     21st April 2017 Diamond mining company De Beers Consolidated Mines (DBCM) received the biodiversity and social responsibility award last month for its approach to ecological management at the Wildlife Ranching South Africa awards, which took place at The Ranch in Polokwane, Limpopo. The company received the... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can he no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012 that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, as against India’s 7.6%, the... 

Digging deeper becoming more attractive, financially possible

By: Victor Moolman     21st April 2017 Developing a new shaft is regarded as a grudge purchase by mining companies and their shareholders because of the capital-intensive nature of such projects. However, 2017 Rapid Underground Mine & Civil Access Conference organising chairperson Murray Macnab avers that underground orebodies are... 

Zambian mine in first-of-a-kind tailings dump site rehab, hopes to eventually produce biodiesel

By: Mia Breytenbach     21st April 2017 Zambia’s largest integrated copper producer, Konkola Copper Mines (KCM), owned by global conglomerate Vedanta Resources, has launched the first project of its kind in Zambia to rehabilitate a mining site. The project, launched earlier this month, aims to cultivate elite Pongamia Pinnata trees for... 

Philippine Minister wants to work with Maoist rebels in mine areas

By: Reuters     20th April 2017 The Philippine Environment Minister said she has been given the green light by President Rodrigo Duterte to work with communist rebel fighters to help rehabilitate and develop the country's mining areas. The decades-long conflict between the New People's Army (NPA) rebels and the Philippine... 

Quebec govt approves Canadian Malartic openpit expansion

By: Henry Lazenby     20th April 2017 The Quebec provincial government, under the leadership of Quebec Liberal Party premier Philippe Couillard, has approved the proposed $200-million expansion of the Canadian Malartic mine, owned and operated in a 50:50 joint venture by Agnico Eagle Mines and Yamana Gold. The expansion will see the... 

Centerra receives all required Kumtor permits for 2017

By: Henry Lazenby     19th April 2017 TSX-listed Centerra Gold has received its 2017 maximum allowable discharge (MAD) permit that allows it to discharge treated effluent from the Kumtor mine tailings management facility, in the Kyrgyz Republic, starting in the spring. Centerra advised on Wednesday that Kumtor had all the necessary... 

Red 5 cites regulatory uncertainty as it shuts Philippines gold mine

By: Esmarie Swanepoel     18th April 2017 Mining operations at the Siana gold mine, in the Philippines, have been suspended with immediate effect, ASX-listed Red 5 reported on Tuesday. The company said the decision was taken on the back of uncertainty around regulatory and government mining policy and the group’s assessment of the... 

Gold rush fever among poor Zimbabweans leaves trail of destruction

By: Reuters     17th April 2017 Thousands of unemployed Zimbabweans have turned to illegal gold panning in a bid to survive the country's deteriorating economy, leaving a trail of destruction that has alarmed farmers, timber plantation owners and the country's environmental authorities. Peasant miners have set up makeshift... 

Osisko picks future Windfall Lake mill site in Lebel-sur-Quévillon, Quebec

By: Henry Lazenby     14th April 2017 Montreal-based Osisko Mining has identified a site near Lebel-sur-Quevillon, in Quebec, for the future mill complex that will treat ore from its flagship Windfall Lake gold project. Osisko stated Wednesday it intends to evaluate the site location through the environmental assessment process and... 

Geospatial surveys the solution to map West Africa

By: Johane Turkstra     14th April 2017 Airborne geophysics can cost effectively uncover valuable metal deposits in largely underexplored West Africa to allow for growth in the region’s mining sector, airborne electromagnetic technology pioneer Spectrem Air geophysics manager Dr David Khoza tells Mining Weekly. “Countries like Ghana,... 

Guinea stable, predictable investment destination – Ministry

By: Johane Turkstra     14th April 2017 Guinea is suitable for mining investment, says the Guinea Ministry of Mines and Geology, which will host Symposium Mines Guinea 2017 in Conakry, the country's capital, next month, in partnership with emerging markets-focused business-to-business event organiser AME Trade. The Ministry says the... 

Liberian gold miner driving near-mine satellite exploration

     14th April 2017 TSX- and Aim-listed West African gold producer Avesoro Resources points to a strong outlook for 2017, with its main aim for the year being the discovery of additional mineable satellite resources within close proximity to its New Liberty gold mine, in Liberia. With numerous high potential targets... 

‘Decolonising’ South Africa’s mining history

By: Jade Davenport     14th April 2017 If there is one thing South African mining historians, myself included, have been guilty of, it is the tendency to focus on, and perpetuate, the 'colonial-esque' history of the industry. The common history begins in the latter half of the nineteenth century, a time when white colonialists were... 

Pan African capital raise puts gold project on fast track  

By: Martin Creamer     13th April 2017 Midtier gold mining company Pan African Resources has successfully raised R705-million in a share placing, the net proceeds of which will be used, together with a R1-billion seven-year debt facility, to fast-track the high-return Elikhulu gold tailings project in Mpumalanga. Pan African CEO Cobus... 

Champion Iron inks impact accord with ITUM First Nation

By: Henry Lazenby     13th April 2017 TSX- and ASX-listed Champion Iron has signed an impact benefit agreement (IBA) with the Innu of Takuaikan Uashat mak Mani-utenam (ITUM) First Nation, confirming local support for the Bloom Lake iron mine, located near Fermont, Quebec. The IBA is a life-of-mine agreement providing for real... 

Funding under way for revival of old Prieska zinc-copper potential

By: Martin Creamer     12th April 2017 Funding efforts aimed at reviving the old Northern Cape mining area endowed with significant zinc and copper potential are gaining momentum. Acknowledged as the host of one of world’s most noteworthy volcanogenic massive sulphide (VMS) base metal deposits, the Prieska area has a well-recorded... 

Indonesia eyes truce with Freeport as losses mount for both sides

By: Reuters     12th April 2017 Losses amounting to hundreds of millions of dollars appear to be pushing the Indonesian government and mining giant Freeport McMoRan to resolve a row that has crippled operations at Grasberg, the world's richest copper mine, for three months. Freeport says it has lost revenue of about... 

LatAm water scarcity, pollution to drive more stringent enviro rules

By: Henry Lazenby     12th April 2017 New analysis by the research arm of the Fitch Group, BMI, forecasts water scarcity and contamination in Latin America will drive increasingly stringent environmental regulations in the region over the coming years. While increasing the costs for miners and delaying certain projects, the focus on... 

Northern Dynasty’s US unit gets Alaska land use permit

By: Henry Lazenby     12th April 2017 The US-based unit of Northern Dynasty Minerals, the Pebble Limited Partnership (PLP), has received approval for a miscellaneous land use permit (MLUP) from the Alaska Department of Natural Resources (DNR) for its ongoing activities at the Pebble project, in south-west Alaska. One of the largest... 

Thornton joins Barrick top brass in Argentina after Veladero pipe rupture

By: Bloomberg     11th April 2017 Barrick Gold executive chairperson John Thornton flew to Argentina after authorities threatened to rescind the licence for the Veladero mine on the same day the company agreed to sell half the asset. Thornton joined president Kelvin Dushnisky, COO Richard Williams and CFO Catherine Raw in... 

Matsa on track for trial mining in June

By: Esmarie Swanepoel     11th April 2017 Gold developer Matsa Resources has received approval for its mining proposal and mine closure plan for the trial mining operations at its Fortitude project, in Western Australia. The company said on Tuesday that trial mining at Fortitude remained on track to start in June, with production... 

Argentina tells Barrick to overhaul Veladero gold mine operations

By: Reuters     7th April 2017 Argentina mining officials told Barrick Gold it must overhaul environmental and operating processes at its Veladero mine, following last week's cyanide solution spill, while the country's environment ministry asked for a total suspension of operations, according to statements on Friday. National... 

Chile's Codelco unit seeks value in copper impurities, arsenic

By: Reuters     7th April 2017 Ecometales, a unit of Chile's state-run Codelco, is in talks with smelters in Europe and China to share its technology for stabilising arsenic while processing lower-quality copper ore, an executive said on Friday. Codelco was hit hard by the commodity price crash of 2015 and early 2016 and... 

BMI forecasts change in commodity demand up to 2050

By: Anine Kilian     7th April 2017 Structural macroeconomic and industry shifts will contribute to changing demand patterns for various commodities over the coming decades, says research firm BMI. “We believe demand for commodities such as coal, iron-ore, steel and fertilisers will slow over the years to 2050, while demand for... 

Alpha coal mine survives another environmental appeal

By: Esmarie Swanepoel     7th April 2017 The High Court of Australia has reportedly dismissed an appeal from greens group Coast and Country against the Alpha coal mine, being developed by GVK Hancock, in Queensland. Coast and Country had applied for special leave to appeal the Appeal’s Court decision regarding the emissions that could... 

Barrick's Shandong deal cements chairperson's China strategy

By: Reuters     7th April 2017 Barrick Gold's near billion-dollar deal with Shandong Gold Mining represents a rich premium for the Canadian miner, while making good on a long-promised plan to forge deep, long-lasting partnerships with China. The sale of a 50% stake in Veladero, one of Barrick's top five gold mines, for... 

Cautious optimism prevails in mining as prices rise, shallow growth returns

By: Ilan Solomons     7th April 2017 For the first time in a number of years, there is a mood of cautious optimism in the mining industry, with commodity prices on the rise, shallow growth returning to different end markets and most mining companies in better cost positions than in the recent past, says advisory firm Deloitte.... 

Qld govt opens Olive Downs EIA for comment

By: Esmarie Swanepoel     6th April 2017 The Queensland government has opened the draft terms of the environmental-impact assessment for the proposed Olive Downs coal project for public comment. “This is the first step in a rigorous process for this mine proposal that could create more than 500 construction jobs a year over two years,”... 

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