R/€ = 14.78 Change: 0.07
R/$ = 12.06 Change: 0.06
Au 1333.23 $/oz Change: 2.57
Pt 1000.50 $/oz Change: -15.70


Rio Tinto strengthens presence in Mongolia with new exploration office

By: Creamer Media Reporter      22nd January 2018 Global mining major Rio Tinto will open a new office in “strategically important” Mongolia to strengthen its presence in a country in which it had already invested $7-billion in the last eight years. The office in Ulaanbaatar will be separate from Oyu Tolgoi – the large copper and gold mine that... 

Coal dwarfs battery metals in mining deals despite war on pollution

By: Reuters     8th January 2018 Coal and iron-ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future. While the biggest deal was in Brazil, China was a top player despite planning to reduce domestic coal... 

'Miner's revenge' is coming with electric cars, Friedland says

By: Bloomberg     1st December 2017 Surging demand for metals like copper, nickel and cobalt for use in electric vehicles promises to overturn the balance of power between mining companies and their customers, according to billionaire investor Robert Friedland. Automakers will have to change the way they approach procurement if... 

Copper's big meh shows Chile's commodity crown is slipping

By: Bloomberg     21st November 2017 There was a time when a sneeze in Santiago would cause the global copper market to catch a cold. Not any more. The first round of Chilean presidential elections Sunday delivered a surprisingly weak result to frontrunner Sebastian Pinera, a conservative billionaire running on a fiscal... 

SouthGobi CEO arrested as concern over Hong Kong's stocks rises

By: Bloomberg     20th November 2017 Mongolian coal producer SouthGobi Resources’ CEO was detained in China as a suspect in a fraudulent loan case, the latest Hong Kong-listed company linked to allegations of misconduct. SouthGobi shares fell as much as 13.6%, the most in four months, to the lowest level in more than a year on the... 

Centerra, Aurico Metals reveal C$310m friendly tie-up

By: Henry Lazenby     7th November 2017 Canadian gold miners Centerra Gold and AuRico Metals have struck an accord to combine their businesses through a friendly C$310-million deal that will see Centerra usurp all of the outstanding equities of AuRico. Centerra is offering C$1.80 a share, representing a 38% premium on AuRico's... 

Ivanhoe hits shaft-digging milestone at Platreef

By: Henry Lazenby     1st November 2017 Africa-focused megaproject developer Ivanhoe Mines has reached the 500-m level below surface, during construction of the first shaft of the Platreef platinum-group meals (PGM) project, in South Africa's Limpopo province. The 7.25-m-diameter Shaft 1, which is expected to reach the Flatreef... 

Global copper balance widens to 160 000 t deficit as refined output stalls

By: Henry Lazenby     31st October 2017 The world's refined copper deficit has increased to 160 000 t for the first seven months of 2017, as refined copper supply has stagnated, according to the International Copper Study Group (ICSG). The Lisbon-based think tank said the July deficit was in fact the lowest recorded so far this year,... 

Rio Tinto produces more iron-ore and coal, but cuts copper guidance

By: Esmarie Swanepoel     17th October 2017 Diversified major Rio Tinto has reported increased production across its iron-ore and coal assets, but has adjusted its copper output expectations for the full year on the back of delays at the Escondida operation. “The business performed very well in the September quarter, with a strong... 

Aspire granted mining lease at Nuurstei

By: Esmarie Swanepoel     9th October 2017 Coal junior Aspire Mining has been granted a mining lease for its Nuurstei coking coal project, in Mongolia. The mining licence from the Mineral Resources Authority of Mongolia provides the ASX-listed company with a minimum 30-year tenure over the licenced area, and will result in Aspire issue... 

H1 2017 shows world refined copper deficit of 75 000 t

By: Henry Lazenby     20th September 2017 The world’s refined copper balance for the first half of 2017 indicates a deficit of around 75 000 t, including revisions to data previously presented, the Lisbon-based International Copper Study Group revealed on Wednesday. This is mainly owing to stagnant growth in the world refined copper... 

World's richest mines slipping from hands of multinationals

By: Bloomberg     5th September 2017 Outnumbered and outflanked, Freeport-McMoRan CEO Richard Adkerson made an about-face. Only months before, Adkerson had dismissed the idea of selling a majority stake in the Phoenix-based company’s flagship Indonesian copper-and-gold mine to local investors. But, seated beside government officials... 

Aluminium market deficit on the cards this year; price reacts to Chinese curtailments – BofAML

     22nd August 2017 The Chinese government has so far this year ordered 4.3-million tonnes of aluminium capacity closures at smelters in Inner Mongolia, Shandong and Xinjiang, pointing to the potential for a global aluminium market deficit to emerge before year-end, the latest analysis from Bank of America Merrill... 

World copper mine output falls 3% in first five months of 2017

By: Henry Lazenby     19th August 2017 Global copper mine output was 3% lower year-on-year during the first five months of 2017, according to the latest data from the International Copper Study Group (ICSG). Concentrate production declined by around 2.5% and solvent extraction-electrowinning (SX-EW) declined by around 4.5%. 

Cyclone, Chinese demand boost Mozambique’s Moatize coal mine

By: Keith Campbell     18th August 2017 Bad weather in Australia and improved demand in China were the factors driving the higher metallurgical (or coking) coal prices during the second quarter of this year (2Q17), in comparison to the first quarter (1Q17). So stated Brazilian mining group Vale in its report “Vale’s Performance in 2Q17”.  

Turquoise Hill sees reduced profits, advances Oyu Tolgoi underground works

By: Ilan Solomons     1st August 2017 Rio Tinto subsidiary Turquoise Hill Resources has recorded a lower net income attributable to shareholders of $23.8-million in the quarter ended June 30, compared with $29.8-million during the corresponding quarter in 2016. In a trading statement released on Monday, the company attributed its... 

Aspire lowers Nuurstei cost estimate

By: Esmarie Swanepoel     28th July 2017 Coal developer Aspire Mining has flagged a $4-million to $5-million capital reduction at its proposed Nuurstei project, in Mongolia. The company on Friday told shareholders that it had received capital estimates of between $10-million and $12-million for its 150 t/h wash plant at the Nuurstei... 

Prophecy picks-up fourth vanadium play this year

By: Henry Lazenby     21st July 2017 Canadian project developer Prophecy Development Corp has agreed to acquire rights to a fourth vanadium project – its second this month. The Vancouver-based project developer has entered a binding letter of agreement with Fairmont Resources to acquire the fully permitted Buttercup... 

World copper market shows 80 000 t surplus in first four months of 2017

By: Henry Lazenby     21st July 2017 The world refined copper balance for the first four months of 2017 indicates a surplus of about 80 000 t, the International Copper Study Group (ICSG) reported on Thursday. It ascribed the surplus mainly to a decline in Chinese apparent demand, a market that currently accounts for about 48% of the... 

Trump urged by CEO to nationalise the only US rare-earths mine

By: Bloomberg     19th July 2017 The head of an advanced-materials manufacturer said he met with President Donald Trump’s chief strategist, Steve Bannon, on Monday to persuade him that the US should nationalise the country’s only mine of rare earth minerals, which are used in military applications. “The staff understood the... 

Production at Oyu Tolgoi remains steady at +3.5% q/q

By: Samantha Herbst     18th July 2017 Second-quarter production at Turquoise Hill Resources’ Oyu Tolgoi gold/copper mine, in Mongolia, proceeded as planned and remained steady quarter-on-quarter, the Vancouver-based miner revealed on Monday. Ore treated in the quarter was impacted by a scheduled five-day maintenance shutdown in May,... 

Ivanhoe's Congo success follows deals with President's brother

By: Bloomberg     18th July 2017 In the two decades since billionaire mining investor Robert Friedland founded Ivanhoe Mines, his small team has made some of the biggest mineral discoveries in the world. In the Democratic Republic of Congo, it has done so while trading and contracting with companies controlled by one of... 

Demand for African resources, but common codes needed

By: Simone Liedtke     14th July 2017 African mining has entered into the new up-cycle for commodities, which is fuelled by the economic growth profile in the eastern hemisphere – which includes China, Mongolia and the Pacific rim region, as well as the global uncertainty over the value of and the sustained availability of ‘cash-money’. 

South African simulators commissioned in Madagascar

By: Simone Liedtke     14th July 2017 Mining company Sherritt International’s Ambatovy operation, in Madagascar, has commissioned its Cybermine heavy equipment operator training simulators from South African surface and underground mining simulator supplier ThoroughTec Simulation. 

Prophecy secures third vanadium project in 2017

By: Henry Lazenby     13th July 2017 Canadian project developer Prophecy Development Corp has secured a third vanadium-focused project in 2017, announcing on Thursday that it has signed a lease on the Louie Hill vanadium project, in Nevada With the acquisition of the Louie Hill project, together with the previously acquired... 

Sibanye appoints VP to head up US region

By: Megan van Wyngaardt     3rd July 2017 Dual-listed Sibanye has appointed Chris Bateman its US region’s executive VP, the gold and platinum miner said on Monday. In addition to heading up the region and leading the team at the Stillwater operations, Bateman will join Sibanye’s executive committee. 


By: Martin Creamer     9th June 2017 Illegal miners take a break in Mongolia's largest illegal coal mine, which is located 40 km from the capital city of Ulaanbaatar. Nobody knows for sure how many bodies are buried in the Nailakh mine’s makeshift pits, but it is said to suffer one fatality for every 56 000 t of coal mined, making... 

Nuurstei closer to development - Aspire

By: Esmarie Swanepoel     31st May 2017 Coal developer Aspire Mining has moved a step closer to the development of its Nuurstei coking coal project, in Mongolia, with the Mineral Resource Authority of Mongolia approving the registration of the project. The registration is necessary before a mining licence can be issued, and allows the... 

Despite production disruptions, copper saw February surplus of 150 000 t

By: Henry Lazenby     24th May 2017 Analysis of the latest data published by the International Copper Study Group (ICSG) showed global surplus copper output of 150 000 t in February, despite disruptions at massive key mines in Chile and Indonesia. The ICSG ascribed the surplus mainly to a sharp decline in Chinese apparent demand,... 

Rio Tinto iron-ore, coal production hit by heavy rains

By: Esmarie Swanepoel     20th April 2017 Diversified giant Rio Tinto has seen production decline across its asset portfolio, as the Western Australia and Queensland operations were impacted by wet weather conditions during the three months to March. Iron-ore production from the Pilbara operations declined by 10% compared with the... 

Turquoise Hill output falls on lower grades

By: Henry Lazenby     20th April 2017 Rio Tinto subsidiary Turquoise Hill Resources has reported a 23% drop in concentrate production at the Oyu Tolgoi copper/gold mine, in Mongolia, as it processed lower grades from phases 6 and early 4A of the openpit, as well as stockpile material, during the three months ended March. Concentrate... 

Rio’s taxes, royalties reached $4bn in 2016

By: Esmarie Swanepoel     10th April 2017 Mining major Rio Tinto has revealed that it paid some $4-billion in taxes and royalties globally in 2016, and contributed more than $35-billion directly to economies in host communities. Some $2.9-billion of the taxes and royalties were paid in Australia, with a further $249-million paid in... 

Recovery in Asia’s gold appetite to push gold price marginally higher

By: Megan van Wyngaardt     3rd April 2017 The gold price is expected to reach an average of $1 259/oz, Thomson Reuters said in its ‘Gold Survey 2017’, released on Monday. “Though gold prices are likely to remain volatile in the near future, we expect the market to regain its composure, as investors remain averse to risk,” it said. 

TerraCom secures funding for Blair Athol mining lease transfer

By: Esmarie Swanepoel     31st March 2017 ASX-listed TerraCom has secured A$13.5-million in funding to facilitate the transfer of the Blair Athol mining lease, in Queensland. The company on Friday said the funding, which has been secured through subsidiary Orion Mining, will also allow for the start of mining and rehabilitation... 

Turquoise Hill stocks rise despite narrower FY profit

By: Henry Lazenby     28th March 2017 The NYSE-listed stock of Rio Tinto subsidiary Turquoise Hill Resources rose sharply after market close on Monday, gaining nearly 6% to $3.24 a share, after the company reported a full-year profit for 2016 and a positive production outlook for this year. In 2016, Turquoise Hill recorded net income... 

China to stir coal market again in 2017

     17th March 2017 China will again generate significant volatility in the global coal market in 2017 as the government strives to balance smooth and cheap coal supply to households and steel mills with environmental concerns about coal use, according to Fitch-affiliated market analyst BMI Research.  

MICROMINE Russia is proud to sponsor the finalists at the 2017 Case-In International Engineering Championships.

     8th March 2017 MICROMINE Russia announced they would be sponsoring an additional place at this year’s Case-In International Engineering Championships. The purpose of the Championship is to identify and support the most promising students in the fields of mining, electric power, exploration, metallurgy and oil... 

Growth in copper supply to slow through 2020 – ICSG

By: Henry Lazenby     24th February 2017 Global copper mine production growth is expected to slow to 2.5% a year through 2020, down from an average growth rate of almost 4% a year in the last five years, the International Copper Study Group (ICSG) said on Thursday. The Lisbon, Portugal-based think tank cited continued delays in project... 

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