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$14m Sprott loan to reboot Alderon’s Kami project

By: Creamer Media Reporter      21st June 2018 TSX-listed Alderon Iron Ore has entered into an agreement with Sprott Resource Lending for a $14-million loan facility, which will provide the junior with sufficient funds to repay a loan due to Liberty Metals and Mining and provide additional runway to reboot the Rose deposit of the... 

Exploration delivering results for Kodal at Mali prospect

By: Nadine James     21st June 2018 Aim-listed exploration company Kodal Minerals has discovered high-grade mineralisation intersections following the drilling of an additional 19 drill holes during follow-up and extension drilling at the Sogola-Baoule prospect, in Mali. The intersections had minimum 5 m width, and results were... 

Stop exploiting Africa, share resources, Pope tells Europe

By: Reuters     20th June 2018 Europe should stop exploiting Africa and invest in ways that benefit the continent more, including by sharing mineral wealth more equitably, Pope Francis said. "We must invest in Africa, but invest in an orderly way and create employment, not go there to exploit it," he told Reuters in a... 

Rio spending $2.2bn on iron-ore supply

By: Esmarie Swanepoel     18th June 2018 Diversified miner Rio Tinto on Monday revealed that it will be spending some $2.2-billion over the next three years on replacement mines for its iron-ore operations in the Pilbara, including initial spending on the proposed Koodaideri, West Angelas and Robe Valley developments. Rio’s iron-ore... 

DFS opens door for Keliber to advance Finland lithium project

By: Creamer Media Reporter      15th June 2018 Exploration and development firm Keliber has published the results of a definitive feasibility study (DFS) for its lithium project, in Finland, confirming its financial and technical feasibility. The DFS endows the lithium project with a net present value, using an 8% discount, of €295-million,... 

Minerals Council, water dept collaborate on water conservation, demand management project

By: Creamer Media Reporter      15th June 2018 The Department of Water and Sanitation (DWS) and the Minerals Council South Africa (MCSA) have reached a significant milestone in a collaborative exercise on water conservation and water demand management aimed at driving water savings and usage improvements in the mining industry. The... 

Royalties to contribute A$20bn to Qld Budget in next five years

By: Esmarie Swanepoel     15th June 2018 The resources sector’s contribution to the Queensland state Budget is expected to soar to more than A$20-billion between now and July 2023. Total mineral royalties reached A$4.32-billion in the 2018 financial year. 

New mine dewatering pumps, skids launched

15th June 2018 Germany-headquartered pumps manufacturer Netzsch Pumps & Systems and the company’s North American division last month introduced a new range of safe, reliable and cost efficient mine dewatering pumps and pump skids that are ideal for mines that require small and compact portable units to address... 

Big names in construction, earthmoving equipment headed for Hillhead 2018

By: Shannon de Ryhove     15th June 2018 Later this month, construction solutions company Tarmac’s Hillhead quarry, near Buxton, in Derbyshire, UK, will again host the world’s biggest working quarry exhibition. Some 525 UK and overseas companies have booked exhibition space at Hillhead 2018, which means this year’s event will be 10%... 

Junior miners fund needs to be given momentum that only foreign direct investment can provide

By: Martin Creamer     15th June 2018 It is wonderful news that the Department of Mineral Resources is at last acknowledging the important of junior mining promotion by announcing its intention to create a junior miners fund for emerging black startups of greenfield exploration projects. But what has still to be acknowledged is that... 

Wobbler technology benefits overhead irrigation for heap leaching

15th June 2018 Heap leach depths have increased from 15 m of ore depth to 150 m since the turn of the century. Higher closure and reclamation costs, as well as a need to decrease the impact on agricultural land, prompted mine managers to increase ore depths as a way to make mining operations more efficient and... 

Nevsun extends Bisha mine life to 2022

By: Creamer Media Reporter      14th June 2018 TSX-listed Nevsun has approved an openpit extension of the Bisha mine in Eritrea, which will add 3.3-million tonnes of ore to the mill, delivering about 470-million pounds of zinc and 52-million pounds of copper. The extension will allow operations to continue to 2022 and gives Nevsun time to... 

Battery Minerals defers first shipment as RCF withdraws $30m funding

By: Esmarie Swanepoel     13th June 2018 ASX-listed Battery Minerals has deferred first graphite shipments from its Montepuez graphite project, in Mozambique, after Resource Capital Fund (RCF) terminated a $30-million debt and equity funding agreement. RCF told Battery Minerals that despite the first-phase due diligence being completed... 

Black Mountain step change takes effect

By: Esmarie Swanepoel     13th June 2018 Junior Black Mountain Resources has completed its restructure, disposing of its interest in the Namekara vermiculite mine, and changing its name to Hipo Resources. Black Mountain in February this year flagged a change in direction to focus on its lithium farm-in agreement in the Democratic... 

Project could extend Alaska mine’s life by 6yrs – Kinross

By: Marleny Arnoldi     12th June 2018 TSX-listed Kinross Gold has decided to proceed with the Gilmore expansion project at its Fort Knox mine, in Alaska.  

Stanmore extends Isaac Plains with Peabody deposit buy

By: Esmarie Swanepoel     12th June 2018 Coal miner Stanmore Coal has struck a A$30-million deal with Peabody Australia to acquire the Wotong South coking coal deposit, which is located adjacent to Stanmore’s Isaac Plains project, in Queensland. In addition to the A$30-million cash price, Stanmore has also agreed to a production-based... 

Goldcorp says protest could halt production at Mexico gold mine

By: Reuters     11th June 2018 Canada's Goldcorp said on Monday an ongoing protest blocking entry to its Penasquito mine, one of Mexico's biggest gold producers, could force the company to halt output. The mine, in northern Zacatecas state, produced 476 000 oz of gold last year, comprising 18% of Goldcorp's total production... 

Chaarat plans to lead consolidation in CIS region

By: Mariaan Webb     11th June 2018 London-listed Chaarat Gold’s offer to take over Kyrgyzstan’s largest gold mine, Kumtor, is only “one of a number of potential deals” that the company is considering in former Soviet Union countries, chairperson Martin Andersson said on Monday, reaffirming the junior’s strategy of selective... 

South Australian miners to buy electricity in bulk to cut power bill

By: Esmarie Swanepoel     11th June 2018 A consortium of South Australian mining companies have awarded an eight-year supply contract to a renewable energy retailer, as part of their joint efforts to cut energy costs. The South Australian Chamber of Mines and Energy (Sacome) in 2016 masterminded the consortium in the face of soaring... 

Beneficiation industry declines amid restrictive legislative environment, training dearth

By: Paige Müller     8th June 2018 The South African diamond beneficiation market is no longer globally competitive, says rough and polished diamonds and precious stones trading association World Federation of Diamond Bourses president Ernest Blom. He tells Mining Weekly that the local diamond beneficiation industry has “shrunk... 

Mustang Resources finds more high-grade vanadium at Moz project

8th June 2018 Emerging multicommodity miner Mustang Resources’ latest assay results for the Caula vanadium/graphite project in northern Mozambique continue to underpin a strong economic outlook for the project, with the miner noting that a maiden vanadium resource is due soon. Mustang Resources announced last... 

Battery Minerals on track to produce graphite after raising A$20m

8th June 2018 Minerals explorer Battery Minerals is advancing its Montepuez graphite project in the north-west of Montepuez, Cabo Delgado, Mozambique following the latest fund-raising. The company has received financial commitments for A$20-million through a share placement at 6c a share. The proceeds will be... 

De Beers concludes R600m transport empowerment deal at Venetia diamond mine 

By: Martin Creamer     8th June 2018 Diamond-mining company De Beers Consolidated Mines (DBCM) has concluded the process of selecting six local black economic empowerment (BEE) partners as part of an impressive R600-million-to-R700-million, eight-year transport empowerment initiative at the Venetia diamond mine in South Africa’s... 

Voro mine, Russia

By: Thabi Madiba     8th June 2018 A gold mine located about 370 km north of the regional centre of Ekaterinburg and 25 km south of the city of Krasnoturinsk, in Russia’s Sverdlovsk region. 

No let up on calls for flow-through model to boost exploration

By: Martin Creamer     7th June 2018 The failure to raise risk capital for greenfields exploration in South Africa was highlighted at this week’s Junior Indaba, where there was no let up on calls for the adoption of a proven Canada-type flow-through share scheme, and ongoing criticism of the unintended consequences of South Africa’s... 

Don’t let your network dictate your choices

7th June 2018 Strata Worldwide and RFI Technology Solutions have joined forces to bring the underground world a simple yet powerful solution for overcoming many of the classic constraints of typical digital networks. It assists in resolving the common “last mile” difficulties of getting power and connectivity... 

Angola to change diamond sector to attract investment – Lourenço

By: Reuters     6th June 2018 Angola will make changes to how its secretive diamond industry works in order to attract more investment, increase production and secure higher government revenue, President João Lourenço said on a visit to Antwerp, Belgium. Africa's second-largest crude producer is trying to open up and... 

Arc Minerals lifts Zamsort stake to 55%

By: Simone Liedtke     5th June 2018 Aim-listed Arc Minerals has increased its interest in Zamsort, which is developing a copper/cobalt project in north-west Zambia, to 55% following the acquisition of a 6% interest from Terra Metals. The company will issue 17.5-million new ordinary shares, which are also subject to a hard lock-in... 

Worldwide Orders Make For Bullish Mood

4th June 2018 Condra has received an order for a further overhead crane from Kamoto Copper Company, the copper and cobalt mine in the south of the Democratic Republic of Congo. It is the eighth machine to be ordered by Kamoto Copper from Johannesburg-headquartered Condra in just over a year and, like its... 

Alkane updates Dubbo business case

By: Mariaan Webb     4th June 2018 Multi-commodity miner and explorer Alkane Resources has completed the engineering and financial review of its zirconium, niobium, hafnium and rare earth project near Dubbo, in New South Wales, which confirmed that the project is technically sound and financially viable, generating a potential... 

Southern has copper giants in the crosshairs with Peru expansion

By: Bloomberg     1st June 2018 Southern Copper is preparing to scale the ranking of global producers by spending more than $10-billion in Peru and Mexico, taking advantage of rising prices underpinned by years of industry belt-tightening. The fifth-largest copper producer hopes to start work on its Tia Maria project in Peru... 

Frydenberg promises more scrutiny as study shows Hunter coal mines threaten groundwater

By: Esmarie Swanepoel     1st June 2018 Federal Environment and Energy Minister Josh Frydenberg on Friday said that any new coal mining operation in the Hunter region of New South Wales would be subject to a review of their impact on groundwater resources, before they would be approved. This comes after the government released new... 

Custom-designed chutes required for bulk materials handling

By: Tasneem Bulbulia     1st June 2018 Transfer chute systems form an integral part of bulk materials handling applications, and it is important that they meet the specific requirements of individual mining houses, says Germiston-based material transfer solutions provider Weba Chute Systems technical director Alwin Nienaber. Bulk... 

Solution enhances use rates for mine fleet

1st June 2018 A total fuel-filtration solution from power and engine multinational Cummins’ Fleetguard has ensured that a haul-truck fleet at a large copper mine in Zambia has achieved use rates of between 85% and 90%, after previously experiencing operational difficulties relating to substandard fuel... 

Furnaces outperform industry expectations

By: Paige Müller     1st June 2018 Two custom built 81 MVA submerged arc alternating current (AC) furnaces – designed and supplied by South African process and engineering firm Metix to Malaysia-based joint venture smelting facility Sakura Ferroalloys – have outperformed industry expectations since the smelting facility’s... 

Iamgold to start drilling at Senegal project

By: Anine Kilian     31st May 2018 Toronto-based IAMGOLD has completed preliminary studies at Aim-listed Stratex International’s 85%-owned Dalafin gold project, in Senegal, and will soon start a 5 750 m drilling programme at the project. This follows the signing earlier this year of an $8-million earn-in agreement on Dalafin... 

Santos announces A$400m Gladstone LNG investment

By: Esmarie Swanepoel     31st May 2018 Oil and gas major Santos and its joint venture partners in the Gladstone liquefied natural gas (GLNG) project, will invest more than A$400-million on the 137-well Arcadia gas project, in the Bowen basin. Santos said on Thursday that the A$400-million Arcadia investment was in addition to the... 

S&P’s raises Glencore’s long-term issuer credit rating to BBB+

By: Marleny Arnoldi     30th May 2018 Ratings agency Standard & Poor’s (S&P’s) has raised its long-term issuer credit rating on global diversified miner Glencore and its related entities to ‘BBB+’ from ‘BBB’, with a stable outlook.  

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