http://www.miningweekly.com
R/€ = 16.76 Change: 0.00
R/$ = 14.64 Change: 0.00
Au 1184.72 $/oz Change: 7.82
Pt 786.75 $/oz Change: 5.92
 

Topic

Construction advancing on eCobalt’s Idaho project

By: Anine Kilian     17th August 2018 Construction at eCobalt Solutions’ Idaho cobalt project, in the Idaho cobalt belt, continues to advance on time and on budget, the company said on Thursday. “Very good progress has been made at the project by our exceptional team of mining professionals,” CEO Paul Farquharson said in statement on... 

Evolution's profits surge in 2018

By: Esmarie Swanepoel     17th August 2018 Gold miner Evolution has reported a 21% surge in underlying net profits after tax for the 2018 financial year, on the back of a 4% increase in sales revenues. Underlying net profits after tax for the full year ending June reached A$250.8-million, while statutory net profit after tax also... 

Zinc developer secures offtake, funding for Nigeria project

17th August 2018 Australian zinc-focused mineral exploration company Symbol Mining has executed an offtake and marketing agreement for its shipping and sales programme for the Macy zinc project in Nigeria, with international commodities group Noble Resources International. The shipping and sales programme is... 

Digitisation brings innovation opportunities

17th August 2018 Digital transformation brings opportunities for innovation and doing business in new and exciting ways – elements that are critical to business success in a volatile economic market, says global communications provider BT Global Services major deals lead and mining, oil and gas head Stephen du... 

Gold Fields remains in ‘strong’ financial position, despite $367m loss, says Holland

By: Simone Liedtke     16th August 2018 Despite attributable losses from continuing operations for the six-month period ended June 30, of $367-million or $0.45 a share, CEO Nick Holland maintains that the NYSE- and JSE-listed Gold Fields remains in a strong financial position. Holland further noted on Thursday that the integrity of the... 

Iluka's H1 earnings surge

By: Esmarie Swanepoel     16th August 2018 Mineral sands miner Iluka has reported an 80% increase in the underlying group earnings before interest, tax, depreciation and amortization (EBITDA) for the half-year to June. Underlying EBITDA reached A$278.5-million in the interim period, compared with the A$154.6-million in the previous... 

Hawks investigate cases related to Gupta-loot worth more than R40bn

By: News24Wire      16th August 2018 The Hawks are investigating cases related to the Guptas' state capture project that involves more than R40 billion which has been plundered from state coffers. Lieutenant General Godfrey Lebeya presented the Hawks' progress in several cases of state capture to the Portfolio Committee on Police on... 

Call for three-year renewal of Canada’s exploration tax scheme to arrest signs of decline

By: Mariaan Webb     15th August 2018 The Mineral Exploration Tax Credit (METC), which incentivises exploration financing by providing individuals investing in companies exploring for minerals in Canada with a 15% tax credit on eligible expenditures, has to be renewed for at least three years to provide greater certainty and boost... 

Aury Africa introduces RFID track-and-trace solution for mining

15th August 2018 Screening and vibrating equipment solutions and services provider Aury Africa has introduced a radio-frequency identification (RFID) audit and inspection solution that is ideal for mining applications. These include inspecting plant equipment, mining machines, pumps, valves and pipes – in fact,... 

Leagold updates FY guidance after Brio Gold buy

By: Creamer Media Reporter      15th August 2018 Midtier gold miner Leagold has updated its production guidance to reflect the recent completion of its Brio Gold acquisition, which added three mines in Brazil to its portfolio. The company said this week that it expects to produce between 325 000 oz and 350 000 oz of gold at an all-in sustaining... 

Roxgold says 2018 output may be at upper-end of guidance

By: Anine Kilian     15th August 2018 Burkina Faso-focused Roxgold has delivered strong second-quarter production and cash flow results, standing the company in good stead to achieve the upper end of its 2018 production guidance. For the three months to June 30, TSX-listed Roxgold achieved gold production of 35 828 oz of gold,... 

Wheaton Precious Metals lifts second-quarter earnings

By: Creamer Media Reporter      15th August 2018 The world’s largest precious metals streaming firm Wheaton Precious Metals has reported a 9% increase in adjusted net earnings and an 8% increase in cash flow from operations during the second quarter, on higher revenue as a result of more gold ounces being sold at a higher average price.... 

Woodside posts A$541m half-year profit

By: Esmarie Swanepoel     15th August 2018 Oil and gas producer Woodside has reported an interim net profit after tax of A$541-million for the six months to June, with operating cash flows for the period up by 25% on the first half of 2017. Woodside said on Wednesday that the increased operating cash flows was driven by higher production... 

Stornoway posts Q2 loss; Renard ramp-up slower than planned

By: Mariaan Webb     15th August 2018 The share price of Quebec diamond miner Stornoway Diamonds took a beating on Tuesday, after the company unveiled a net loss of C$35.9-million for the second quarter and said that the ramp-up of its underground mine at Renard was slower than planned. Stornoway’s share price dipped to a 12-month... 

Gold Mountain boosts its exploration efforts in PNG

By: Esmarie Swanepoel     14th August 2018 ASX-listed Gold Mountain has completed the assembly and commissioning of a large-capacity mobile plant to process coarse gold and platinum bulk samples. Gold Mountain holds a number of exploration tenements in Papua New Guinea, with its flagship Crown Ridge project in the final stage assessment... 

Minister decries Gold Fields’ job-cut plan at cash-burning South Deep

By: Martin Creamer     14th August 2018 They say South Deep will be the last gold mine standing, but every report coming out of it indicates that it is an extremely hard nut to crack, with production hopelessly below guidance. Since 2006, Gold Fields has pumped R32-billion into South Deep without even breaking even, let alone making a... 

Nornickel earnings jump on higher metal prices, operational efficiencies

By: Simone Liedtke     13th August 2018 Nickel and palladium producer Norilsk Nickel (Nornickel) reported a 77% year-on-year increase to $3.1-billion in earnings before interest, taxes, depreciation and amortisation (Ebitda) in the first half of 2018, driven by higher metal revenue and operational efficiency gains. The Ebitda margin... 

Final stage of Cononish permitting taking longer than planned – Scotgold

By: Mariaan Webb     13th August 2018 The permitting process for the gold and silver mine that Scotgold is seeking to develop near the Loch Lomond and Trossachs National Park, in Scotland, is taking longer than planned, Aim-listed Scotgold reported on Monday. The company said that all substantive matters relating to the issuing of... 

Premier African Minerals’ RHA tungsten mine almost back to production

By: Marleny Arnoldi     13th August 2018 Aim-listed Premier African Minerals is fast progressing towards bringing its RHA tungsten mine, in Zimbabwe, back into production in the coming weeks. Operations were halted towards the end of last year amid cash flow constraints.  

Champion Iron posts a profit during Bloom Lake ramp-up

By: Mariaan Webb     13th August 2018 TSX- and ASX-listed Champion Iron has reported net income of C$20.7-million for the June quarter, which chairperson CEO Michael O’Keeffe on Monday hailed as a major achievement, considering that the Bloom Lake iron-ore mine was in the ramp-up phase during the three months under review. Bloom... 

Minnovare and Northern Star Resources Announce New ‘Technology Collaboration’.

13th August 2018 Minnovare’s ongoing collaboration with industry leading gold miner Northern Star Resources, has led to the announcement of an official ‘Technology Collaboration’ that sees the development and implementation of Minnovare technology across Northern Star’s operations in Western Australia. The... 

Lucara recovers 253 special diamonds at Karowe in Q2

By: Simone Liedtke     10th August 2018 TSX-listed Lucara Diamonds’ Karowe mine, in Botswana, delivered 253 diamonds larger than 10.8 ct during the second quarter, ended June 30, representing 10.5% of the total recovered carats. This is also the highest number of specials recovered, by quarter, since production started at Karowe. 

Strong sales growth lifts Silvercorp earnings

By: Nadine James     10th August 2018 In its financial and operating results for the first quarter ended June 30, Canada-based, China-focused Silvercorp Metals on Thursday reported a net income of $10.9-million and a 25% increase in cash flow on the back of a 14% increase in sales. The company achieved sales of $45.1-million, up... 

Caledonia achieves marginal increase in Q2 output

By: Anine Kilian     10th August 2018 Caledonia Mining’s 49%-owned Blanket mine, in Zimbabwe, produced 12 657 oz of gold in the second quarter ended June 30, marginally higher than that produced in the second quarter of 2017 and in line with expectations.  “The second quarter was a difficult quarter for the business as production was... 

Difficult conditions in ferro-alloys segment impacts on Afarak’s H1 profitability

By: Simone Liedtke     10th August 2018 The second quarter of 2018, ended June 30, was particularly difficult for specialty alloys producer Afarak, the company said on Friday, with the ferro-alloys segment having shown a bad performance which negatively impacted on the group’s overall financial results. This, Afarak pointed out, was... 

Consolidated Zinc moves forward Mexico mine plans to this year

By: Esmarie Swanepoel     10th August 2018 ASX-listed Consolidated Zinc has flagged the start of production from its Plomosas zinc/lead/silver mine, in Mexico, before the end of 2018. The company had initially targeted a large production facility to start in 2019/20; however, Consolidated Zinc said on Friday said that the results from... 

Barrick says China partner for copper 'makes all kinds of sense'

By: Bloomberg     10th August 2018 Barrick Gold executive chairman John Thornton says the Canadian miner is looking at its copper assets “very seriously” to see if it makes sense to form a copper company with one or two partners, most likely from China. “The question for us on copper is, ‘Can you take the copper assets, combine... 

Fibre optics punted for pipeline monitoring amid major spills in mining and other sectors

By: Nadine James     10th August 2018 Fibre optics were invented to carry huge amounts of voice data over long distances very efficiently, but advancements in optical technology have enabled the use of specialised fibre optic cables as sensors with the ability to measure parameters such as acoustic energy, temperature, strain, and... 

Australian gold exploration progressing

By: Donald Makhafola     10th August 2018 Exploration and development company West Wits Mining’s (WWI’s) Australian projects, which show similarity to South Africa’s Witwatersrand (Wits) gold deposits, plans to leverage its geology team’s experience of South Africa’s Wits basin to rapidly understand the geology of its two Pilbara assets... 

Explorer pursues manganese opportunities

10th August 2018 Perth-based explorer Bryah Resources is looking towards mining manganese in Western Australia, as it assesses development opportunities at the Horseshoe South manganese mine. The company has locked in an exclusive one-year option to purchase the mining lease covering the historical Horseshoe... 

Combined actuator process more cost effective

By: Halima Frost     10th August 2018 Flow control supplier Rotork Africa has aligned two of its leading valve and damper products to maximise cost savings for maintenance applications. The Rotork Skilmatic electric valve actuator, made specifically for the mining and petrochemicals industries, has been integrated with the Rotork... 

Fibre optics punted for pipeline monitoring amid major spills in mining and other sectors

By: Nadine James     10th August 2018 Fibre optics were invented to carry huge amounts of voice data over long distances very efficiently, but advancements in optical technology have enabled the use of specialised fibre optic cables as sensors with the ability to measure parameters such as acoustic energy, temperature, strain, and... 

Newcrest warns of further impairments

By: Esmarie Swanepoel     9th August 2018 Gold miner Newcrest Mining has warned of a non-cash impairment of between A$260-million and A$270-million for the 2018 financial year. Some A$190-million of the write-off is attributed to the Telfer gold mine, in Western Australia, where the latest life-of-mine plan indicated lower levels of ore... 

B2Gold reports positive Q2, H1 operational, financial performance

By: Nadine James     8th August 2018 TSX-listed B2Gold Corporation on Wednesday reported strong operational and financial results for the second quarter and first half of 2018. The company achieved record gold production of 240 093 oz for the second quarter, a 98% year-on-year increase, and 7% above budget, owing to consistently... 

Battery metal deals still sparking - EY

By: Esmarie Swanepoel     8th August 2018 The battery metals sector appears to be somewhat isolated from the recently slow-down in global mining and metals transactions, advisory firm Ernst & Young (EY) said. EY earlier reported that global merger and acquisition (M&A) transaction values in the mining and metals sector fell by 9.5%... 

Graphmada reaches nameplate capacity

By: Esmarie Swanepoel     8th August 2018 The Graphmada large flake graphite mine, in Madagascar, has reached nameplate capacity, ASX-listed Bass Metals reported on Wednesday. The company told shareholders that the process plant has reached and sustained 25 t/h feed rate at an average head grade of 4.5% total graphitic carbon, an... 

Copper Mountain mine’s Q2 output jumps

By: Mariaan Webb     7th August 2018 Canadian miner Copper Mountain has reported higher production at its 75%-owned namesake mine, in British Columbia, with the operation producing 20-million pounds of copper, 6 500 oz of gold and 68 400 oz of silver in the second quarter of this year. The production compares with 17.2-million... 

Mosaic reports Q2 earnings, increases FY Ebitda guidance

By: Mariaan Webb     7th August 2018 NYSE-listed fertiliser company Mosaic on Monday reported second-quarter earnings of $97.9-million, on net sales of $2.2-billion and increased its earnings before interest, taxes, depreciation and amortisation (Ebitda) range on strong underlying business performance and lower full-year taxes. The... 

First
Prev
1
2 3 4 5 6 7 8 9 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