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Palladium bursts above $1 500 as shortages ignite record rally

By: Bloomberg     20th February 2019 Palladium powered above $1 500 to hit a record, extending a powerful rally driven by an acute shortage of supply as car manufacturers scramble to get hold of the material to meet stringent emissions controls. Spot palladium rose as much as 1.7% to $1 505.46/oz, and was at $1 501.89 at 11:38 a.m.... 

Celebrating the success of women in the mining industry at Mining Investment Asia 2019 in Singapore

18th February 2019 Mining Investment Asia, South East Asia’s largest mining conference and exhibition connecting miners, investors and service providers recognises the important role of women in the mining industry, especially here in Asia. Hence a full day, entitled ‘Women in Mining Day’, will be set aside once... 

South African foundry involved in product development

By: Jessica Oosthuizen     15th February 2019 South Africa-based foundry and engineering company Thos Begbie is developing a critical furnace component as part of a cooperation agreement with a major Canada-based consulting firm. Thos Begbie sales engineer Esli Bantjes tells Mining Weekly that the development is “top secret” and that the... 

Bristow snaps into fast action wearing Barrick crown 

By: Martin Creamer     13th February 2019 Dr Mark Bristow has snapped into fast action wearing the Barrick crown. His Randgold Resources, which now falls under the Barrick Gold umbrella, on Wednesday bowed out with panache when it declared a 35% dividend increase to $2.69 a share, buoyed by record production of 807 000 oz of gold at the... 

As ice melts, Greenland could become big sand exporter - study

By: Reuters     11th February 2019 Greenland could start to export sand in a rare positive spinoff from global warming that is melting the island's vast ice sheet and washing large amounts of sediment into the sea, scientists said on Monday. Mining of sand and gravel, widely used in the construction industry, could boost the... 

Inaugural Two-Day Meeting Signals Major Growth in Opportunities and Economic Ties between Canada and Africa

By: Creamer Media Reporter      29th January 2019 The Canada–Africa Chamber of Business is pleased to announce the inaugural Canada-Africa Business Conference, taking place on 26 and 27 March 2019 in Gaborone, Botswana. Global Affairs Canada, comprising the Canadian government’s international and trade departments, is a leading partner at the... 

Xstate teams up with Hillcrest in North American hunt

By: Esmarie Iannucci     29th January 2019 ASX-listed Xstate Resources has struck a deal with TSX-listed Hillcrest Petroleum to jointly hunt for oil and gas acquisitions onshore Canada and the US. Xstate told shareholders that the alliance will be the primary investment vehicle for material investments by either party in the North... 

Caterpillar profit misses as trade strains start to bite

By: Bloomberg     28th January 2019 Caterpillar had the biggest quarterly profit miss in a decade as a China slowdown hit demand for its signature yellow construction and mining equipment. The Deerfield, Illinois-based company also issued a 2019 profit forecast range which, at the low end, was below the average of analysts’... 

Intra-Africa trade lags

By: Paige Müller     25th January 2019 With the 2019 Investing in African Mining Indaba – the world’s largest mining investment conference, dedicated to the capitalisation and development of mining throughout Africa – set to take place in February, insurance corporation Export Credit Insurance Corporation of South Africa (ECIC)... 

Mining Investment South America returns to Buenos Aires in April after a successful debut in 2018

24th January 2019 Mining Investment South America, a global mining conference connecting miners, investors and service providers will be returning to Buenos Aires, Argentina from 8 – 9 April 2019 following a successful debut in 2018. 

Make your mark at PDAC in Toronto

By: Creamer Media Reporter      23rd January 2019 The annual Prospectors and Developers Association of Canada (PDAC) convention is scheduled to take place from 3 to 6 March 2019 in Toronto, Canada.   Creamer Media’s Mining Weekly – a media partner for this prestigious event that attracts over 25 600 attendees from over 135 countries – will once... 

Empowered Kwatani benefits local mining industry

By: Schalk Burger     17th January 2019 Industrial and mining vibrating screens manufacturer Kwatani has achieved a level-1 broad-based black economic empowerment (BBBEE) score and is 51% black women-owned. This BBBEE accreditation affords significant benefits to its mining clients that can claim 135% of money spent on Kwatani.... 

Newmont deal for Goldcorp erodes Canada's gold clout further

By: Bloomberg     15th January 2019 Canada’s influence on the global mining industry appears to be shrinking by the day. Perhaps stung by the nationalistic backlash against Barrick Gold Corp's merger with Randgold Resources, Newmont Mining devoted a big chunk of its news release Monday explaining how its $10-billion offer for... 

Newmont seeks to become world's biggest gold producer through $10bn Goldcorp buyout 

By: Marleny Arnoldi     14th January 2019 NYSE-listed Newmont Mining Corporation and NYSE- and TSX-listed Goldcorp have entered into a definitive agreement that will result in Newmont acquiring all shares of Goldcorp in a stock-for-stock transaction valued at $10-billion. Newmont will acquire each Goldcorp share for 0.3280 of a Newmont... 

First Cobalt starts permitting and environmental programmes at Iron Creek

By: Tasneem Bulbulia     9th January 2019 First Cobalt has appointed consultants Brown and Caldwell to provide guidance on permitting and to develop an environmental baseline study strategy for its Iron Creek project, in Idaho. “On the heels of the maiden resource estimate announced in the fall, this is one of a series of technical... 

Global gold-backed ETF holdings grew 3% in 2018 – World Gold Council

By: Simone Liedtke     8th January 2019 Global gold-backed exchange-traded funds (ETFs) grew by 3% in 2018, and were driven by strong growth in European funds and increased global inflows during December, the World Gold Council’s monthly gold ETF/exchange-traded product (ETP) report, published on Tuesday, shows. This, the report... 

Miners find chicken-egg sized diamond in Canada's frozen north

By: Bloomberg     14th December 2018 The biggest diamond ever found in North America has been unearthed by Dominion Diamond Mines and Rio Tinto Group at a mine in Canada’s frozen north. The 552 ct yellow gem was found at the Diavik mine in the Northwest Territories, and is almost three times the size of the next largest stone ever... 

Barrick Gold eyes assets, exploration as it plots new phase 

By: Bloomberg     17th November 2018 Barrick Gold, soon to become the world's largest bullion miner, is interested in adding more copper assets as long as the red metal is accompanied by bullion, executives said on Friday. Barrick, which expects to complete its $6.1-billion takeover of Randgold Resources January 1, outlined plans... 

Encana to acquire shale oil producer Newfield for $5.5bn

By: Bloomberg     1st November 2018 After years of slimming down its oil and gas holdings, Canada’s Encana is reversing course with a $5.5-billion acquisition of a US shale producer in what will be the company’s biggest-ever deal. Encana agreed to purchase Newfield Exploration, which will give it positions in the Stack and Scoop... 

Goldcorp falls from top tier of miners as Agnico moves ahead

By: Bloomberg     26th October 2018 Agnico-Eagle Mines is now among the top three gold miners in North America based on market capitalisation, as erstwhile industry darling Goldcorp tumbled 18% Thursday on a “miserable quarter.” The three largest gold miners on the continent are Newmont Mining at $15.7-billion, Barrick Gold at... 

Manufacturer and marketer working hand in hand

26th October 2018 Integrated chemicals and petrochemicals company Sasol and multifunctional distribution company Helm have entered into a long-term marketing agreement for ethylene glycols. The agreement between Sasol and Helm will come into effect upon the start-up of Sasol's new ethylene oxide and ethylene... 

Impending Barrick-Randgold tie-up to create a major force in gold sector

By: Rebecca Campbell     26th October 2018 The merger between Barrick Gold (domiciled in Canada and dual-listed on the New York and Toronto Stock Exchanges) and Randgold Resources (domiciled in Jersey and dual-listed on the London and Nasdaq Stock Exchanges), announced last month and still awaiting shareholder and regulatory approvals,... 

Newmont adjusted income falls on lower prices, production

By: Mariaan Webb     25th October 2018 Colorado-based Newmont Gold on Thursday reported weaker adjusted net income of $175-million, as its revenue decreased along with gold prices and lower production at various sites. The third-quarter income adjusted for impairments and a write-down in North America, came to $0.33 a diluted share,... 

SA HIPPO submersible slurry pump enters the USA steel manufacturing market.

By: Creamer Media Reporter      23rd October 2018 After participating in the CIM 2018 held in Vancouver, Canada, HAZLETON PUMPS was requested to visit one of the largest steel manufacturers in Ohio, USA; being Timken Steel. Timken Steel applies their metallurgical and production expertise to manufacture high-performance seamless mechanical tube... 

Gold merger will create industry 'superpower'

By: Rebecca Campbell     19th October 2018 The merger between Barrick Gold (domiciled in Canada and dual-listed on the New York and Toronto stock exchanges) and Randgold Resources (domiciled in Jersey and dual-listed on the London and Nasdaq stock exchanges), announced last month and still awaiting shareholder and regulatory approvals,... 

Fertoz buys stockpiled ore in Montana

By: Esmarie Iannucci     10th October 2018 ASX-listed Fertoz has inked a marketing agreement over 100 000 t of additional phosphate ore resource close to its operations in Montana. Fertoz said on Wednesday that the stockpiled material provided sufficient supply to meet the company’s sales target of between 30 000 t and 50 000 t of... 

International investment in South Africa’s mining industry lagging  

By: Marleny Arnoldi     4th October 2018 Although international mining funds are choosing to invest in other jurisdictions, rather than in South Africa’s mining sector, there is still hope for the local mining sector, Anglo American nonexecutive director and Joburg Indaba international investment panel chair Jim Rutherford said on... 

Randgold's hook-up with Barrick to leave large void in London market

By: Reuters     2nd October 2018 A tie-up between Randgold Resources and Barrick Gold will leave a void in the London market for investors seeking exposure to gold via companies that produce the precious metal. Canada's Barrick Gold has agreed to buy Africa-focused Randgold for $6.5-billion to create the world's largest gold... 

Stibnite permitting schedule updated

By: Mariaan Webb     2nd October 2018 The date for the final record of decision (RoD) for the Stibnite gold project, in central Idaho, has been pushed out by two months to May 2020, explorer and developer Midas Gold reported on Monday, citing an updated schedule from the United States Forest Service (USFS). The USFS, in cooperation... 

Northern Star completes Pogo buy

By: Esmarie Iannucci     1st October 2018 Gold miner Northern Star Resources has completed its $260-million acquisition of the Pogo gold project, in Alaska, from Sumitomo Metal Mining company. Northern Star will receive the full financial benefit of Pogo from July this year, and as a result, the company’s full-year guidance has been... 

Energy Fuels to start vanadium production in November

By: Marleny Arnoldi     28th September 2018 NYSE- and TSX-listed Energy Fuels expects to resume vanadium production at its White Mesa mill, in Utah, in mid-November, with saleable vanadium oxide ready by the end of December. When production starts, Energy Fuels will be the newest vanadium producer worldwide and the only primary producer... 

Barrick's Bristow bet seen as boosting South America revival

By: Bloomberg     28th September 2018 Mark Bristow built a reputation as the developer and operator of lucrative mines in Africa. Now the world’s biggest gold mining company is betting he can do the same in another complex region, South America. The Randgold Resources founder is set to become CEO of Barrick Gold after Barrick said... 

Barrick silences its biggest critic by buying out Randgold

By: Bloomberg     24th September 2018 For more than two decades, Mark Bristow has been a thorn in the side of Barrick Gold. Now he’s its closest partner. The 59-year-old South African will take the role of chief executive officer at Barrick after the Canadian company inked a $5.4-billion deal to buy out Randgold Resources. It’s a... 

DRA to conduct feasibility study for Guinea graphite project

By: Schalk Burger     19th September 2018 Engineering services multinational DRA has been appointed to conduct the feasibility study for Canada-based Guinea-focused mining company SRG’s Lola graphite project, in Guinea. DRA said in a statement on Wednesday that the project will be executed through the DRA Met-Chem office, in Montreal,... 

Positive PEA results for Nevada lithium project

By: Tasneem Bulbulia     6th September 2018 TSX-V-listed Cypress Development has announced positive results from a preliminary economic assessment (PEA) of the company’s Clayton Valley lithium project in Nevada, US. Prepared by Colorado-based engineering services firm Global Resource Engineering, the PEA focuses on a mine producing an... 

Northern Star buys 300 000 oz/y Alaska gold mine

By: Esmarie Iannucci     30th August 2018 Gold miner Northern Star Resources will spend $260-million to acquire the 4.1-million ounce Pogo underground gold mine, in Alaska. The ASX-listed company on Thursday told shareholders that the acquisition will be funded from existing cash and a fully underwritten A$175-million placement to... 

X-ray technology enabling real-time analysis of gold ore samples Down Under

By: Esmarie Iannucci     24th August 2018 Australian gold explorers have been given the world-first option to access x-ray technology to detect and analyse unseen gold, cutting turnaround times significantly. The photon assay technology was developed by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) over a... 

X-ray technology enabling real-time analysis of gold ore samples Down Under

By: Esmarie Iannucci     24th August 2018 Australian gold explorers have been given the world-first option to access x-ray technology to detect and analyse unseen gold, cutting turnaround times significantly. The photon assay technology was developed by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) over a... 

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