http://www.miningweekly.com
R/€ = 16.59 Change: 0.00
R/$ = 14.40 Change: 0.00
Au 1226.67 $/oz Change: -0.01
Pt 832.50 $/oz Change: 0.75
 

Topic

Kenya to establish gold refinery in bid to boost mining revenue

By: Bloomberg     19th October 2018 Kenya is seeking consultants for a feasibility study on a planned gold refinery in the East African nation’s western town of Kakamega, in a bid to boost earnings by small-scale miners. “The aim of the project is to improve the livelihoods of the beneficiary community, regional economy and that of... 

BHP iron-ore output up, FY copper guidance trimmed

By: Esmarie Iannucci     17th October 2018 Diversified giant BHP has reported increases in copper and iron-ore production during the three months to September, while petroleum and coal production fell. Iron-ore production for the three months to September was up by 10% on the previous corresponding period, to 61-million tonnes of ore,... 

Opec sees weaker demand for its crude next year as rivals surge

By: Bloomberg     11th October 2018 Opec is under intense pressure right now from consumers to ease prices by pumping more crude, but for 2019 it sees a more doubtful picture. The cartel cut its estimate for global demand for its crude next year due to weakening economic growth and higher output from rivals, notably US shale... 

DMR accepts Waterberg mining right application – PTM

By: Marleny Arnoldi     10th October 2018 The Department of Mineral Resources (DMR) has accepted TSX- and NYSE-listed Platinum Group Metals’ (PTM’s) mining right application for the large-scale Waterberg platinum group metals (PGMs) project. The application comprises a mining work programme, social and labour plan, and associated... 

IEA urges Opec to open the taps as oil market enters 'red zone'

By: Bloomberg     9th October 2018 The International Energy Agency made a direct appeal to Opec and other major oil producers to boost output, warning that prices are inflicting damage on the global economy. “We should all see the risky situation, the oil markets are entering the red zone,” IEA executive director Fatih Birol said... 

Lithium-rich WA bids to host battery research centre

By: Esmarie Iannucci     9th October 2018 The Western Australian government on Tuesday confirmed that the application for the Future Battery Industries Cooperative Research Centre (FBI CRC) was one of six to be shortlisted to the next round by the Cooperative Research Centres (CRC) programme. The state government has included a... 

Mali approves Randgold’s Morila mine to agribusiness conversion

By: Marleny Arnoldi     8th October 2018 Gold miner Randgold Resources’ Morila gold mine’s ambitious agribusiness project has been approved by the Malian government. The project is designed to replace mining with a sustainable economic activity in the local community after the operation’s closure in two years’ time. 

Provincial enviro nod for IDM’s Red Mountain

By: Mariaan Webb     8th October 2018 The Red Mountain gold and silver underground mine, in the Nass Wildlife area of British Columbia, is one step closer to development, with the provincial government granting the project environmental approval. Environment and Climate Change Strategy Minister George Heyman and Energy, Mines and... 

Balking miners jeopardise $2.8bn Mozambican coal rail

By: Bloomberg     5th October 2018 A plan to develop a $2.8-billion railway and port to ferry coal in Mozambique may collapse because miners are balking, according to the man trying to build it. Failing to get the project off the ground would deprive the southern African country of a source of revenue it’s come to rely on as it... 

Mathunjwa calls on govt to implement more socialist policies to retain jobs

By: Nadine James     4th October 2018 South Africa should transition from a constitutional democracy to a “social democracy” and implement more socialist policies to retain jobs in the mining sector, suggests Association of Mineworkers and Construction Union (AMCU) president Joseph Mathunjwa. Speaking on the second day of the Joburg... 

Charter a stepping stone towards mining industry recovery, but tech adoption needed

By: Marleny Arnoldi     3rd October 2018 Exxaro Resources CEO and Minerals Council South Africa (MCSA) president Mxolisi Mgojo said 2018 was a second watershed moment for South Africa’s mining industry, following the finalisation of Mining Charter 3. The first moment of this magnitude, he noted, was in 2004, when the Minerals and... 

High administrative costs, industry uncertainty holding mining back

By: Nadine James     3rd October 2018 The mining sector is poised for a positive future but is still hindered by a “harsh” environment, Minerals Council South Africa CEO Roger Baxter stated at the Joburg Indaba, on Wednesday. In his keynote address, titled ‘A harsh environment in South Africa or a new dawn’, he noted that one of the... 

Zambia mines to pay mineral royalties in dollars to stabilize kwacha

By: Reuters     3rd October 2018 Zambia has asked mining companies to pay mineral royalties directly to the central bank in dollars as one of the measures to help stabilise its kwacha currency , its finance minister said on Tuesday. The kwacha gained more than 5% to close at 11.9500 per dollar on Tuesday after hitting 12.6750 on... 

Botswana manganese estimate fires up aspirant battery supplier

By: Martin Creamer     1st October 2018 A maiden mineral resource at the Kgwakgwe Hill manganese field in Botswana has given a Toronto venture exchange junior exploration company sufficient confidence to proceed immediately with a preliminary economic assessment, Mining Weekly Online can today report. The mineral resource estimate,... 

Glencore backs $1bn acquisition of Chevron South Africa by black-owned consortium

By: Terence Creamer     28th September 2018 Black economic empowerment (BEE) consortium Off The Shelf Investments (OTS) confirmed on Friday that it had acquired Chevron South Africa (CSA) in a deal valued at $1-billion and financed by its technical and financial adviser, Glencore. CSA, which owns the Chevron refinery in Cape Town and the... 

Law firms see benefits of gazetted Mining Charter 3, MPRDA amendment Bill removal

By: Simone Liedtke     28th September 2018 To effect the necessary changes that are needed for South Africa’s economy to grow, government and industry will, moving forward, have to focus on economic assessments, instead of policy development, says law firm Webber Wentzel partner and mining sector head Jonathan Veeran. Following the... 

Study demonstrates policy and sector decline link

By: Paige Müller     28th September 2018 Country-risk strategy and economics advisory firm Eunomix will release its latest study, completed on August 31, at this year’s Joburg Indaba, in which it demonstrates the causal relationship between the decline of the South African mining sector and the local policy environment. Eunomix CEO... 

Mantashe confirms gazetting of Mining Charter 3 

By: Simone Liedtke     27th September 2018 Mineral Resources Minister Gwede Mantashe on Thursday confirmed that the Mining Charter 3 had officially been gazetted. Coupled with this, he stated during a media briefing, in Pretoria, that a formal request has been submitted to the Speaker of the National Assembly and the National Council of... 

Opec will balance oil markets, but spare capacity limited – Nigerian official

By: Reuters     26th September 2018 The Organization of the Petroleum Exporting Countries (Opec) will act to balance the market after oil prices hit their highest in four years, but its options may be limited by available spare capacity, a Nigerian oil industry official said on Wednesday. "It's obvious that if you have high prices... 

Queensland fires up for gas supply challenge

By: Creamer Media Reporter      26th September 2018 More explorers are on the hunt across Queensland for gas for the hungry Australian market. Natural Resources, Mines and Energy Minister Dr Anthony Lynham on Tuesday announced that four companies would soon start exploring more than 6 600 km2 for more gas for local use, as well as export dollars. 

Lenders agree to increase Royal Bafokeng Resources’ debt facilities to R3bn

By: Simone Liedtke     25th September 2018 Nedbank and First Rand Bank, trading through its Rand Merchant Bank division, have agreed to increase Royal Bafokeng Resources’ (RBR’s) existing debt facilities from R2-billion to R3-billion. RBR, a subsidiary of Royal Bafokeng Platinum (RBPlat), earlier this year entered into an agreement to... 

Ramaphosa aims to crowd in private resources for infrastructure fund

By: Terence Creamer     21st September 2018 President Cyril Ramaphosa has placed the creation of a public-private infrastructure fund at the heart of an economic stimulus and recovery plan, otherwise constrained by South Africa’s serious fiscal constraints. In unveiling the plan during a briefing at the Union Buildings in Pretoria on... 

Chinese petcoke buyers turning to Russia, Mideast after US tariffs

By: Reuters     21st September 2018 Chinese importers of petroleum coke are buying more volumes from Russia and the Middle East due to a hefty tariff on shipments from the United States, previously one of China's main sources of the material used in aluminium and cement production. China slapped a 25% tariff on US petroleum coke,... 

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

IDM's Red Mountain entering final enviro assessment stage

By: Mariaan Webb     21st September 2018 The Canadian Environmental Assessment Agency (CEA) has initiated the final stage of the Red Mountain gold project environmental assessment process, inviting public comment on the draft report and potential conditions that will be applied. The draft comment period runs until October 18, and a... 

Local coal future depends on economic situation

By: Jessica Oosthuizen     21st September 2018 Coal mining currently provides more than 86 000 jobs locally, and this figure will increase as more junior mines are expected to open in the future, provided that the economic situation “does not deteriorate further”, says coal consulting company XMP Consulting senior coal analyst Xavier Prévost.... 

Cabinet’s approval of new Mining Charter a ‘positive’ step – law firm

By: Marleny Arnoldi     20th September 2018 Multinational law firm Herbert Smith Freehills on Thursday welcomed Cabinet’s approval of the new Mining Charter, as well as of the withdrawal of the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill, as proposed by Mineral Resources Minister Gwede Mantashe earlier this... 

Resources industry helping to keep Queenslanders employed – QRC

By: Marleny Arnoldi     20th September 2018 The Queensland Resources Council (QRC) says in the space of a year, the state’s mining industry has created an extra 10 000 jobs, which is a 17% year-on-year increase when compared with the same quarterly data of last year. QRC CE Ian Macfarlane quoted the quarterly labour force data of the... 

Cabinet approves new Mining Charter 

By: Reuters     20th September 2018 The South African Cabinet has approved the latest version of the long-delayed mining charter which lay outs requirements for black ownership levels and other targets, a cabinet minister said on Thursday. Communications Minister Nomvula Mokonyane told reporters that more details about the charter... 

Lulo kimberlite investment contract gazetted

By: Tasneem Bulbulia     18th September 2018 Tphe Angolan Ministry of Mineral Resources and Petroleum has gazetted a new mineral investment contract for the Lulo kimberlite exploration licence, covering a five-year period through to April 30, 2023. Lucapa Diamond Company co-owns and operates the kimberlite  exploration programme on the... 

Paramount founder Clayton Riddell dies

By: Creamer Media Reporter      17th September 2018 Founder and chairperson of Canadian natural gas resources firm Paramount Resources, Clayton Riddell, has died at 81. An icon of the Canadian oil patch, Riddell was a fervent advocate for the responsible development of Canada's natural resources and he epitomised the entrepreneurial spirit, the... 

Queensland ombudsman to help resolve land disputes

By: Creamer Media Reporter      14th September 2018 Queensland has appointed its first land access ombudsman to help landholders and resource companies resolve disputes over conduct and compensation agreements, as a free alternative to legal action. Jane Pires, currently the energy and water ombudsman, will take up the new position, Natural... 

New Nema regulations hold advantages, disadvantages for mining industry – law firm

By: Marleny Arnoldi     13th September 2018 The mining industry is under constant pressure to demonstrate continued commitment to responsible environmental management and to the concept of sustainable development. There are currently several pieces of environmental legislation being updated or coming to the fore, which the industry will be... 

Norway survey reveals seabed sulphide mineral deposits

By: Reuters     11th September 2018 Norway's Petroleum Directorate has identified previously unknown deep sea sulphide mineral deposits, which may include metals such as copper, zinc, cobalt, nickel, vanadium, wolfram and silver, it said on Tuesday. The minerals were discovered in the western part of the Norwegian Sea at ocean... 

Afrox achieves double-digit HEPS growth amid subdued economic environment 

By: Simone Liedtke     10th September 2018 Despite low economic growth in the six months to June 30, JSE-listed African Oxygen (Afrox) achieved double-digit growth in its headline earnings per share (HEPS) to 104c, representing an increase of 11.5% from the HEPS of 93.3c recorded for the six months to June 30, 2017. Referring to the... 

Minister’s big exploration stimulus must also be fully transparent to be credible

By: Martin Creamer     7th September 2018 Somehow Cabinet Ministers seem to say more outside the country than in it. Mining Weekly has been striving for effective stimulation of the dormant exploration business for some time, but the publication had to wait for Minerals Minister Gwede Mantashe to go to last week’s African Down Under... 

Mooted MPRDA Amendment Bill withdrawal an indication govt wants to end regulatory uncertainty, says lawyer

By: Nadine James     7th September 2018 Minerals Resources Minister Gwede Mantashe’s recommendation to withdraw the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill is likely because government wants to remove regulatory uncertainty affecting the mining sector, and in so doing, foster a more attractive investor... 

Early adoption of Mining Charter supplier requirements will be a competitive advantage – lawyer

By: Simone Liedtke     6th September 2018 Being an empowered vendor of services and goods to the mining industry will offer significant leverage in supply negotiations, once the draft Mining Charter is promulgated, says law firm Strata Legal MD Brandon Irsigler. The Mining Charter, which Mineral Resource Minister Gwede Mantashe said... 

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