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Russian Jan-July gold output flat at 157.19 t

By: Reuters     16th November 2018 Russia produced 157.19 t of gold in the first seven months of 2018, exactly the same amount as in the same period last year, the Finance Ministry said on Friday. Production for the period included 129.34 t of mined gold compared with 126.39 t a year ago, the Ministry said. 

Goldcorp’s all-electric Borden gets $5m govt boost

By: Creamer Media Reporter      30th October 2018 The Canadian government has announced a $5-million investment to support TSX- and NYSE-listed Goldcorp Borden project, which will be the first underground mine in the country to replace all diesel mobile equipment with battery electric vehicles. The new all-electric Borden, in Chapleau, Ontario,... 

Zimbabwe gold producers warn currency shortage threatens output

By: Bloomberg     29th October 2018 Zimbabwean gold producers may suspend operations because a foreign-exchange shortage has left them with insufficient funds to cover production costs, the main industry lobby group said. Curbing output would deprive the country of a key source of export earnings as Finance Minister Mthuli Ncube... 

Zimbabwe lithium miner sees first production in Q2 next year

By: Reuters     29th October 2018 Zimbabwe Lithium Company (ZLC) expects to complete a pilot plant and start production of lithium concentrates in the second quarter of 2019 after a legal dispute delayed work on the project, its chief executive said on Monday. John McTaggart said ZLC was in discussion with several finance groups... 

Universal offer one step closer

By: Esmarie Iannucci     26th October 2018 South Africa-focused coal miner Universal Coal on Friday told shareholders that a possible takeover offer from a consortium of investors, led by privately held Ata Resources, was one step closer. In September this year, Universal received a conditional, non-binding indicative offer from Ata, of... 

Jeff Christian

By: Martin Creamer     26th October 2018 This week Mining Weekly features Jeff Christian, the managing partner of CPM Group LLC, a firm engaged in commodities market research, consulting, financial advisory and asset management. 

Some aspects of new Mining Charter ‘still need to be explained’

By: Nadine James     26th October 2018 The gazetting of South African Mining Charter 3, while welcomed as a step forward in creating certainty in the industry, has left gaps regarding its interpretation and its affects on mining communities, says black economic-empowerment advisory firm NPI Governance Consulting founder and CEO Israel... 

The commercial question of mega projects

25th October 2018 If you know the Three Towers Precinct and Lanseria City Catalytic Mega Projects of which the Lanseria City was the most well placed in the Gauteng Department of Human Settlement’s (GDHS) Project Memorandum Information bid, and citing the successful Zanemvula 13 500 units at the Nelson Mandela Bay... 

MTBPS highlights 

25th October 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the main issues discussed by Finance Minister Tito Mboweni during his maiden Medium-Term Budget Policy Statement speech on Wednesday. 

Cosatu calls for overhaul of draft IRP

By: Kim Cloete     24th October 2018 The Congress of South African Trade Unions (Cosatu) has rejected the draft Integrated Resource Plan (IRP) 2018, calling for an overhaul. It also called for a firm commitment not to retrench workers as well as tougher, hard-hitting plans to halt looting and recover money stolen from Eskom. 

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... 

Community Development Agreements compulsory for mining in Malawi

By: Creamer Media Reporter      24th October 2018 A new Mining Act anticipated to be promulgated in Malawi this year will make it compulsory for all mining companies to undertake Community Development Agreements (CDAs). Describing it as an “important change,” AECOM Senior Specialist Karien Lotter explains that companies must commit a... 

Backed by positive PFS, Global to enter offtake discussions for Nevada lithium mine

By: Esmarie Iannucci     23rd October 2018 The Rhyolite Ridge lithium/boron project, in Nevada, could be in production by 2021, delivering 20 200 t/y of lithium carbonate and 173 000 t/y of boric acid. ASX-listed Global Geoscience on Tuesday reported that a prefeasibility study (PFS) into the Rhyolite Ridge project had estimated initial... 

Kibali set for another record quarter

By: Creamer Media Reporter      22nd October 2018 The Kibali gold mine, in the Democratic Republic of Congo (DRC), is continuing to deliver performance improvements across the board and is expected to post record results for the quarter ended September 30, Randgold Resources CE Mark Bristow said on Monday. Speaking at a briefing for local media,... 

Lucara to hold first sale through Clara digital sales platform

By: Simone Liedtke     22nd October 2018 TSX-listed Lucara Diamond Corp will hold the first diamond sale through its 100%-owned digital sales platform, Clara Diamond Solutions, in November. It has invited a select group of large vertically integrated jewellery houses and global diamond manufacturers to participate in the sale. 

Bosnian government to help keep Aluminij smelter on power grid

By: Reuters     19th October 2018 A Bosnian regional government will help to keep aluminium smelter Aluminij Mostar running, a Minister said on Friday, after heavy debt brought it to the brink of closure. Management at Bosnia's sole aluminium smelter had called for the Bosniak-Croat Federation to intervene after the business was... 

Sheffield warns of A$115m Thunderbird cost blowout

By: Esmarie Iannucci     19th October 2018 Mineral sands developer Sheffield Resources has warned of a cost blow-out at its Thunderbird project, in Western Australia, of some A$115-million. The company on Friday said that the Stage 1 capital cost for the Thunderbird project was expected to be some A$463-million, compared with the... 

Kibo Energy says submits documents in bid for Tanzania coal to power project

By: African News Agency      19th October 2018 Africa-focused energy company Kibo said on Friday it had submitted its formal tender qualification document to the Tanzania Electricity Supply Company (Tanesco) for the Mbeya coal to power project, in line with the government’s new initiative to develop independent power projects. "Our visionary... 

Getting Africa fit for the future requires good governance – Africa Forum

By: Marleny Arnoldi     18th October 2018 Law firm Hogan Lovells Africa head and partner Andrew Skipper on Thursday opened the firm’s Africa Forum conference by stating that, in Africa, there is a combination of optimism and scepticism, but stressed that the available opportunities were enormous. “Currency, corruption and certainty need... 

Zambia's finance minister says new mining taxes will not hit operations

By: Reuters     18th October 2018 Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes in Africa's No.2 copper producer, its finance minister said on Wednesday. Zambia plans to introduce new mining duties, replace Value Added Tax with sales tax and increase... 

Strongbow unveils financing deal, still aiming for 2018 London listing

By: Mariaan Webb     17th October 2018 Strongbow Exploration, the company that is seeking to revive the South Crofty tin mine in Cornwall, south-west England, is still targeting a listing on London’s Aim exchange this year, president and CEO Richard Williams said on Wednesday, while announcing a financing and offtake agreement with... 

First electricity from Imaloto slated for 2021 

By: Simone Liedtke     17th October 2018 Aim-listed Bushveld Minerals, parent company of coal and energy company Lemur Holdings, on Wednesday announced that the Imaloto project is on track to deliver electricity to south-western Madagascar by 2021. The Imaloto project is a developing integrated thermal coal mining and independent power... 

Chile's State copper firm outlines lifeline plan for Salvador mine

By: Reuters     17th October 2018 Chile's State copper miner, Codelco, has submitted an environmental impact assessment of its plans to overhaul its aging Salvador deposit that would sharply increase its production and extend its life by 40 years. The Rajo Inca project would convert the existing mine, which has been in operation... 

Zambian mining group says tax changes will hit mineral exploration

By: Reuters     16th October 2018 Zambia's proposed mining tax increases will hit mineral exploration and production in Africa's second biggest copper producer, companies involved in exploration said on Tuesday. Zambia plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help... 

Cradle Arc’s Thakadu mining licence extended to May 2020

By: Marleny Arnoldi     15th October 2018 Aim-listed copper and gold miner Cradle Arc has been granted an extension on its mining licence by the Botswana Ministry of Mineral Resources, Green Technology and Energy Security. The licence is now valid until May 31, 2020, and covers 28.5 km2, which includes the Thakadu openpit and adjacent... 

Premier to initiate legal action should RHA restructure not finalise by end-October

By: Marleny Arnoldi     15th October 2018 Aim-listed Premier African Minerals CEO George Roach confirmed on Monday that the company would consider other legal processes to secure the remaining equity in the RHA tungsten mine, in which the company holds a 49% interest, should the equity restructuring process not be complete by the end of... 

NAIF takes a closer look at Sconi

By: Esmarie Iannucci     15th October 2018 The Sconi cobalt/nickel/scandium project, in Queensland, will come under the microscope after the Northern Australia Infrastructure Facility (NAIF) board indicated it would move to investigate the potential to provide support for the project. The NAIF provides access for up to A$5-billion of... 

Kazatomprom may sell 25% stake in London/Astana float

By: Reuters     15th October 2018 Kazakhstan's Kazatomprom, the world's biggest uranium producer, said it plans to float up to a 25% stake in an initial public offering (IPO) in London and Astana, but did not confirm whether the listing was still on track for this year. The global market for IPOs has been hit by recent turmoil... 

Lithium leaders tout bright EV future after tough trading debut

By: Bloomberg     12th October 2018 The market for lithium will remain tight through 2025 as producers struggle to lift output fast enough to meet demand for the material that’s essential in making batteries for electric vehicles (EVs), according to the sector’s newest public company, Livent. “We think demand is going to grow... 

Erris appoints investment banker as CEO

By: Creamer Media Reporter      11th October 2018 Europe-focused explorer Erris Resources has appointed investment banker Anton du Plessis as CEO, succeeding Merlin Marr-Johnson, who on Thursday resigned as director and elected to step down. Erris, which has a portfolio of zinc and base metals projects in Ireland and gold projects in Sweden,... 

Extending the life of mine beyond its life as a mine

11th October 2018 The last thing on the minds of workers at the oldest-known mine on archaeological record some 43,000 years ago in Swaziland was what their mine might become long after their tools had been put away. Fast forward to today, and the transformation from active mine to mine closure is a C-level... 

Ramaphosa treads 'softly-softly' in South Africa power play 

By: Bloomberg     11th October 2018 President Cyril Ramaphosa is caught in an intricate game of political chess as he seeks to stamp his authority on the government while maintaining a semblance of party unity before elections next year. While his finance minister and political ally, Nhlanhla Nene, resigned Tuesday after lying... 

Yaouré FEED study confirms pricing

By: Esmarie Iannucci     11th October 2018 A value engineering assessment (VEA) and the front-end engineering and design (FEED) study for the Yaouré gold project, in Cote d’Ivoire, has confirmed the 2017 cost estimates, ASX- and TSX-listed Perseus Mining reported. The 2017 definitive feasibility study (DFS) estimated that Yaouré would... 

Dollar shortage 'short-term problem' for miners in Zimbabwe – Minister

By: Reuters     10th October 2018 A dollar shortage that has sparked outrage from mining companies operating in Zimbabwe is a "short-term problem" that will be remedied by a stronger economy, the mines minister told Reuters. Zimbabwe is suffering acute shortages of US dollars, deterring foreign capital from helping the ailing... 

Tulu Kapi on track for 2019 construction start

By: Marleny Arnoldi     10th October 2018 Aim-listed Kefi Minerals made progress with preparations for the development of its Tulu Kapi project, in Ethiopia, in the third quarter ended September 30. Project development funding has been secured through the Ethiopian government, which committed $20-million over 2019 and 2020 to fund... 

Venturex eyes A$169m copper/zinc mine in Pilbara

By: Esmarie Iannucci     10th October 2018 The definitive feasibility study (DFS) into the enlarged Sulphur Springs copper/zinc project, in the Pilbara, has estimated a capital requirement of A$169-million, to develop a 1.25-million-tonne-a-year operation. Based on the base-case scenario, Sulphur Springs would produce some 65 000 t/y of... 

The battery boom created a new lithium superpower in China

By: Bloomberg     10th October 2018 With a ruined 13th Century castle, the Irish town of Carlow is an unlikely staging post in the super-charged rise of a key player in China’s push to dominate the global electric-vehicle revolution. Ganfeng Lithium Co. sent a team to the town -- a 90-minute drive southwest of Dublin -- in 2013,... 

Codelco plans to raise $1bn in 2019

By: Reuters     10th October 2018 Chile's State-owned miner Codelco, the world's largest copper producer, plans to raise up to $1-billion next year to help finance the overhaul of its existing mines, chairperson Juan Benavides said on Tuesday. Benavides also said the company was looking at exploration projects in Brazil, Ecuador... 

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