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Chaarat makes offer for Kyrgyz mine but Centerra not interested

By: Mariaan Webb     Updated 1 hour 39 minutes ago Aim-listed miner Chaarat Gold on Tuesday confirmed that it had made a proposal to buy the Kumtor mine from TSX-listed Centerra Gold as part of a proposed three-way transaction between the companies and the Kyrgyz State consortium, Kyrgyzaltyn. However, the Canadian mining company said that... 

Barrick beats Q1 earnings call; halves debt in 3yrs

By: Henry Lazenby     24th April 2018 Canadian mining major Barrick Gold's Porgera Joint Venture mine, in Papua New Guinea, is still operating at only 25% of capacity following a 7.5 magnitude earthquake that struck the island on February 26, the company announced on Monday in its first-quarter earnings release. The earthquake... 

Toro hunting for gold at Wiluna

By: Esmarie Swanepoel     20th April 2018 Uranium developer Toro Energy has told shareholders that it was evaluating other avenues to extract value from its Wiluna project, in Western Australia, given the current suppressed uranium price. The ASX-listed company said on Friday that it was assessing Wiluna’s prospectivity to host other... 

Beneficiation in the spotlight this month at Geneva forum

By: Nadine James     20th April 2018 As more than 90 developing economies are dependent on commodity exports, building the skills needed to add value to raw materials and provide decent work are some of key objectives to be discussed next week at the United Nations Conference on Trade and Development’s (Unctad's) eighth Global... 

Australian-listed firm applies for permit to mine in Wits basin

By: Nadine James     20th April 2018 ASX-listed exploration and development company West Wits Mining announced last week that it had submitted two mining permit applications for the Witwatersrand Basin project (WBP) to the Department of Mineral Resources (DMR), and that the company remains on schedule to lodge the WBP’s full mining... 

Wobbler technology benefits overhead irrigation for heap leaching

     20th April 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... 

Mining equipment supplier Weir buys US market leader Esco in $1.3bn tie-up

By: Henry Lazenby     19th April 2018 UK-based mining equipment dealer Weir has signed a binding $1.29-billion accord to buy Portland, Oregon-based Esco – a local market leader in the mining, construction and industrial markets. "We are acquiring a high-quality business at the right time, with the market in the early stages of its... 

Kinder Morgan pipeline expansion investment untenable – CEO

By: Henry Lazenby     19th April 2018 The CEO of Kinder Morgan Steven Kean has conceded that the C$7.4-billion twinning of the existing Kinder Morgan crude oil pipeline between Alberta and British Columbia “may be untenable for a private party to undertake”. He made the comments during the company’s first-quarter conference call on... 

Drilling continues at Kodal’s Bougouni project

By: Anine Kilian     19th April 2018 Aim-listed Kodal Minerals plans to continue reverse circulation drilling on its Mali-based Bougouni lithium project until the start of the rainy season in June/ July. "We are continuing with the major exploration and definition programme at Bougouni, with multiple key activities happening in... 

Santos production falls in Q1

By: Esmarie Swanepoel     19th April 2018 Planned maintenance has seen oil and gas major Santos’ first-quarter production decline by 1.2-million barrels of oil equivalent, compared with the previous quarter, to 13.8-million barrels of oil equivalent. The ASX-listed major told shareholders on Wednesday that planned maintenance in Moomba... 

Polymetal’s new mine slightly ahead of schedule, Q1 output up

By: Mariaan Webb     18th April 2018 Construction activities at the new Kyzyl mine, which LSE-listed Polymetal is building in Kazakhstan, are slightly ahead of schedule, with commissioning brought forward by a couple of weeks. Dry commissioning of the processing plant would start on June 1, followed by first concentrate production... 

Jupiter mines to list on ASX; Tshipi increases FY18 net profit

By: Marleny Arnoldi     17th April 2018 Jupiter Mines, which owns a 49.9% interest in Tshipi é Ntle Manganese Mining, will list on the ASX on Wednesday, with the company’s board and management to ring the ASX bell in Sydney to formally start trading.  

Outa calls for Eskom turnaround before tariff hikes are granted

By: Kim Cloete     17th April 2018 Eskom should first implement a turnaround strategy before the National Energy Regulator of South Africa (Nersa) considers granting it a tariff hike, says the Organisation for Undoing Tax Abuse (Outa). “Eskom leadership must institute stringent measures to recoup the billions of rands siphoned out... 

After setbacks, Anglo American counting on turnaround for Minas-Rio mine

By: Reuters     17th April 2018 Two leaks in a month, a 90-day outage and $58-million in fines is not enough to temper Anglo American's ambition for its long-delayed, multi-billion dollar Minas-Rio iron-ore mine in Brazil. Purchased at the height of the commodities boom a decade ago for $5.5-billion, Anglo American was once... 

Star Diamond’s Saskatchewan projects shine with C$2bn after-tax NPV

By: Henry Lazenby     17th April 2018 The TSX-quoted equity of project developer Star Diamond (formerly Shore Gold) closed in the black on Monday after a preliminary economic assessment (PEA) on its fully-owned Star-Orion South kimberlite projects reported strong metrics. The PEA reported an after-tax net present value on a... 

Gorgon Stage 2 gets approval

By: Esmarie Swanepoel     16th April 2018 The Western Australian state government has welcomed a decision by US energy major Chevron to proceed with the second stage of the Gorgon project expansion, off the coast of Western Australia. Premier Mark McGowan said Chevron's subsea development at the Gorgon natural gas project will create... 

Shareholders give thumbs up for Leagold/Brio merger

By: Henry Lazenby     13th April 2018 The shareholders of both Leagold Mining and Brio Gold have voted in favour of a friendly $264-million all-scrip offer by Leagold to acquire Brio. Brio now intends to seek a final order approving the transaction from the Ontario Superior Court of Justice by next Tuesday. Assuming all other... 

Roxgold on track with Bagassi South project, ups Yaramoko output

     13th April 2018 Canadian gold miner Roxgold has started construction at the Bagassi South gold project in south-western Burkina Faso, with development progressing according to plan. The environmental and social permitting as well as the compensation activities of the project have been completed. 

Software, digitalisation to enhance mining productivity, efficiency

By: Mia Breytenbach     13th April 2018 Amid the recent economic downturn, with the global mining industry having to deal with volatile commodity prices, as well as the increasing need to improve operational efficiencies and address safety concerns, mining software solutions provider MICROMINE global marketing manager Kate Gilbey... 

Mt Gibson pushes up sales in March quarter

By: Esmarie Swanepoel     12th April 2018 Junior iron-ore miner Mount Gibson has reported a 16% quarter-on-quarter increase in ore sales for the three months to March, as the company’s efforts at Iron Hill, in the Mid West, paid off. Mount Gibson sold some one-million tonnes of ore during the March quarter, generating free-on-board... 

Morning Star plant recommissioned

By: Esmarie Swanepoel     12th April 2018 ASX-listed AuStar Gold has completed the recommissioning of the process plant at the Morning Star gold mine, in Victoria. “Another major milestone has been achieved in our successful recommissioning of the processing plant at the Morning Star gold mine,” said AuStar Gold CEO Tom de Vries. 

S African foundry aims to expand footprint in North America 

By: Donald Makhafola     11th April 2018 The capacity of some aspects of the smelting industry in North America, such as the steel sector, has significantly deteriorated in the past 25 years, as a result of Chinese companies dominating the market and supplying cheaper products, says South Africa-based foundry and engineering company... 

Bushveld Energy progresses with electrolyte production facility, Eskom VRFB project

By: Marleny Arnoldi     11th April 2018 Bushveld Minerals subsidiary Bushveld Energy has made significant progress with exploiting the commercial opportunity of Vanadium Redox Flow Battery (VRFB) technology within the energy storage market in the first quarter of this year.  

Mountain Province, Kennady shareholders overwhelmingly vote in favour of merger

By: Henry Lazenby     10th April 2018 Overwhelming majorities of Mountain Province Diamonds and Kennady Diamonds shareholders have approved the proposed merger of the companies. TSX- and Nasdaq-listed Mountain Province said that about 93% of the shareholders present in person or represented by proxy at the shareholder meeting on... 

Lithium Americas rises on Nevada Lithium project resource growth

By: Henry Lazenby     10th April 2018 A new technical report on Lithium Americas’ 100%-owned Lithium Nevada project has increased the compliant measured and indicated resources by about 80% over the prior 2016 estimate, establishing the company as the largest and highest-grade known claystone lithium resource in the US. The National... 

M&A increasingly important in Chaarat’s midtier miner strategy

By: Mariaan Webb     10th April 2018 Aim-quoted Chaarat, which is developing a namesake gold project in the Kyrgyz Republic, on Tuesday provided more detail about how it plans to become a midtier gold producer focusing on Central Asia and the former Soviet Union. In a corporate update, nonexecutive chairperson Martin Andersson said... 

Centrogold proves positive for Avanco

By: Esmarie Swanepoel     10th April 2018 A scoping study into the Centrogold project, in Brazil, has indicated a strong potential for a high-grade, low capital mining operation, ASX-listed Avanco Copper said. The scoping study estimated an initial mine life of 11 years, with the project producing an average of 129 900 oz/y from a... 

Vanadium batteries need 'Elon Musk moment' to kick-start market

By: Bloomberg     10th April 2018 Vanadium needs Elon Musk or another big player in the global battery market to get behind the metal in order to share centre stage with other energy-storage components such as lithium and cobalt. “When we get that moment, we’re off to the races,” Vincent Algar, MD of Australian Vanadium, said in... 

ATAC, Barrick spending to top C$13m at Yukon-based Rackla gold project

By: Henry Lazenby     9th April 2018 In what is anticipated to be one of the largest exploration programmes in the Yukon this year, partners ATAC Resources and Barrick Gold have announced a C$13-million exploration budget for the Racklan gold project, in the Yukon Territory of North-West Canada. Under an April 2017 earn-in... 

Tavsan feasibility study to start following resource classification

By: Creamer Media Reporter      9th April 2018 The resource classification of the Tavsan project, in Turkey, has been materially improved, with 71% of the resource now classified as measured and indicated, 50% owner Ariana Resources reported on Monday. The Tavsan project, which is part of the Red Rabbit joint venture (JV) with Turkish firm... 

Moody’s downgrades Eldorado credit rating

By: Henry Lazenby     6th April 2018 Moody's Investors Service has downgraded Canadian miner Eldorado Gold’s corporate family credit to B2 from B1, citing high geopolitical risks, limited mine diversity, and execution risks related to its material development projects. "The downgrade of Eldorado's rating reflects the high execution... 

Technical innovation receives industry thumbs up

     6th April 2018 Consulting firm Mira Geoscience received the Ultra Deep Mining Network (UDMN) Outstanding Achievement in Commercialisation award for a technical innovation and commercial sale that is quickly becoming the industry’s most comprehensive and advanced geotechnical data management and hazard... 

AngloGold Ashanti completes sale of Moab Khotsong mine

     6th April 2018 Gold producer AngloGold Ashanti has concluded the gross R3.574-billion sale of its Moab Khotsong gold mine, in the North West and related assets and liabilities to gold mining company Harmony Gold, as well as the separate sale of the Kopanang gold mine, in Gauteng and related assets and... 

Horomela expedites exploration programme, expects resource estimate

By: Nadine James     6th April 2018 Aspiring base metals exploration and mining junior Horomela Mining Investment & Resources has started its exploration programmes on various licences, including its Steinkopf 22, Naroep and Aggeneys zinc licences, all in the Northern Cape. The company expects to produce an exploration results... 

Still no word from Mantashe on vital exploration promotion

By: Martin Creamer     6th April 2018 There is still no word from new Mineral Resources Minister Gwede Mantashe on the promotion of a vital, but still a totally missing element of South Africa’s mining future – exploration. The minerals sector can be restructured but only sustainably if exploration is included, a point which has been... 

Zinnwald lithium study progressing on schedule – Bacanora

By: Mariaan Webb     4th April 2018 Aim-listed Bacanora Lithium is continuing to advance a feasibility study to demonstrate the economic viability of producing higher value lithium products at the Zinnwald project, in Germany, for the European battery and automotive sectors. The feasibility study is under way and is scheduled for... 

Graphmada aiming for commercial production – Bass

By: Esmarie Swanepoel     4th April 2018 The share price of ASX-listed Bass Metals jumped on Wednesday after the company announced its move into graphite production. Bass has completed the recommissioning of the newly refurbished process plant at the Graphmada large flake graphite project, in Madagascar, and is moving the project into... 

High-grade, low-cost silver options set Americas Silver up for growth

By: Henry Lazenby     4th April 2018 Diversified miner Americas Silver is being cautious not to add too much silver to its zinc and lead production profile at a time when prices for the precious metal languish between the $16/oz to $20/oz level. “We are being very disciplined to not add too much new silver production to our... 

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