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NUM declares dispute with MCSA, Solidarity to continue gold wage negotiations

By: Simone Liedtke     21st August 2018 The National Union of Mineworkers (NUM) on Tuesday declared a wage dispute with the Minerals Council South Africa (MCSA), after the MCSA on Tuesday presented a conditional revised offer, subject to trade unions removing the other claims from the table. The dispute comes amid the gold producers... 

Oposura scoping study nears completion

By: Creamer Media Reporter      20th August 2018 ASX-listed Azure Minerals is nearing completion of a scoping study for its Oposura zinc/lead/silver project, in Mexico. The study remains on schedule for completion in the third quarter of this year. 

Lydian announces payment date extension

By: Schalk Burger     17th August 2018 TSX-listed gold developer Lydian International, which is developing the Amulsar gold project, in Armenia, on Thursday announced that its senior lenders have agreed to extend the initial loan repayment date and the availability period from August 15 to August 31. “Lydian continues to have further... 

Battery boom spurs quest to resurrect World War II cobalt mines

By: Bloomberg     15th August 2018 The giant rocky outcrop known by locals as La Cobaltera offers a glimpse into northern Chile’s mining past, and a hint of its future. Slag from an ancient furnace is piled at the entrance of a mine shaft that hasn’t seen commercial activity since World War II. Inside, eucalyptus posts still... 

Caledonia Mining Corporation PLC – Blanket Gold Mine

15th August 2018 HEREBY ISSUES WARNING There are persons illicitly posing as employees of the group, acting in a procurement capacity. 

Gold Road reveals sucession plans

By: Esmarie Swanepoel     15th August 2018 ASX-listed Gold Road Resources has flagged the impending retirement of MD and CEO Ian Murray, with the company saying that Duncan Gibbs will be appointed as his successor. “Gold Road owes enormous gratitude to Murray, who’s leadership of this company has been inspirational and transformative,”... 

Lithium-ion batteries, energy storage on strong demand growth trajectory

By: Marleny Arnoldi     13th August 2018 The automotive industry’s use of lithium-ion batteries is on track to grow seven-fold to 650 GWh by 2025, from 70 GWh in 2017; the increase in energy storage, although from a lower base, will add to this, says specialist international publisher Metal Bulletin. It adds that the electrification of... 

Mozambique's ruby mining goes from ‘wild west’ to big business

By: Bloomberg     13th August 2018 Sebastiao Pedro struck it lucky in 2014 when, as a 21-year-old small-scale miner, he found a large red ruby in northern Mozambique. He sold it to a buyer from Vietnam for $43 000, returned to his family 900 miles away and built a house with the proceeds. Then the money ran out. 

Banro gold mine trucks attacked in eastern Congo, two dead – army

By: Reuters     12th August 2018 Militiamen in eastern Congo attacked trucks belonging to Banro's Namoya gold mine, killing two people and kidnapping four others, the army said on Saturday, in at least the third attack on mine personnel since last year. The attack was carried out by militiamen from the group Mai Mai Malaika on... 

Haulage starts at Altura's mine

By: Esmarie Swanepoel     8th August 2018 First lithium concentrate from ASX-listed Altura Mining’s lithium mine has been hauled to Port Hedland, ahead of first shipments. “MD James Brown said on Wednesday that the start of haulage was another important step for the company. 

Miners set to spend $11bn in search of the next jackpot

By: Bloomberg     7th August 2018 Miners and investors are poring over satellite images, tracking drilling rigs and quizzing company executives for clues on whether the sector’s heavyweights are close to a new jackpot discovery. As Rio Tinto Group searches Australia’s Great Sandy Desert for copper and Anglo American scours a 19... 

Alrosa sells main diamond from Dynasty collection

By: Simone Liedtke     3rd August 2018 Diamond miner Alrosa on Thursday sold its Dynasty collection, and its central diamond of the same name, a 51.38-ct round stone, for a total of $10-million. The first auction for the sale of the collection, held in November 2017, saw four of the five stones sold, with the excess of final prices... 

Gold's outback outperformers urged to turn M&A firepower on US

By: Bloomberg     2nd August 2018 Gold producers in Australia are outperforming their global competitors, prompting investors to encourage them to expand their horizons and acquire struggling North American rivals. Boosted by some of the sector’s best margins, low debt and swelling cash piles, miners in the world’s No. 2... 

1 300 jobs affected as Lydian responds to illegal Armenia demonstrations

By: Mariaan Webb     2nd August 2018 It has been more than a month since Lydian International first reported that illegal road blockages are preventing access to the Amulsar site and the Canadian company has now issued termination notices to about 30% of its workforce, idled construction contractors and warned of more job cuts to... 

Implats’ R2.7bn cut of 13 000 jobs, five shafts, 230 000 oz, evokes Minister’s rebuke 

By: Martin Creamer     2nd August 2018 The drastic R2.7-billion restructure of the Impala Rustenburg mine, involving the loss of 13 000 jobs, the closure of five shafts and cutting of 230 000 oz out of yearly platinum production, has evoked a strong rebuke from the Mineral Resources Minister Gwede Mantashe, who has accused Impala... 

Drilling progressing well at Arc’s Zamsort project

By: Anine Kilian     1st August 2018 An 11 000 m drilling programme currently under way at Aim-listed Arc Minerals’ Kalaba prospect, in Zambia, is progressing well. The prospect is owned by Zamsort, which is developing a copper/gold project. Arc has a 66% interest in Zamsort. 

Alacer’s sulphide project on track for Q3 start

By: Marleny Arnoldi     31st July 2018 TSX- and ASX-listed Alacer Gold says its sulphide project, at the Çöpler mine, in Turkey, is nearing completion and remains on track for start-up in the third quarter. The project capital cost estimate has been reduced from $744-million to $673-million.  

First phase of Kineta soil sampling programme completed

By: Simone Liedtke     30th July 2018 Multiple coherent soil anomalies with coincident artisanal workings have been defined from the first phase of the soil sampling programme at the Kineta project, which is part of Aim-listed IronRidge Resources’ joint venture (JV) agreement with Gail Resources South Africa, in Côte d'Ivoire. The... 

Gruyere’s price tag rises to A$621m on scope changes

By: Esmarie Swanepoel     30th July 2018 An independent third party review of the definitive estimate for the Gruyere gold project, in Western Australia, has increased the capital cost estimate to A$621-million, up from the previous budget of A$532-million. Owners Gold Road Resources and Gold Fields said on Monday that the updated... 

Zimbabwe's African Chrome Fields eyes equity sale to fund expansion

By: Reuters     26th July 2018 Zimbabwe's largest chrome miner African Chrome Fields (ACF) is talking to foreign investors about an equity sale to help fund expansion but will ensure the firm's two main partners retain control, the majority shareholder said on Wednesday. The chairman of Moti Group, which has a majority stake... 

AECI achieves strong H1 performance

By: Anine Kilian     25th July 2018 JSE-listed AECI on Wednesday reported positive financial results for the six months ended June 30. Together with contributions from the acquisitions of Schirm and Much Asphalt in February and April respectively, AECI increased its revenue by 24% to R10.47-billion and profit from operations by 35%... 

Amur, GEFCO to collaborate on logistics, supply chain solutions at Kun-Manie

By: Marleny Arnoldi     23rd July 2018 Aim-listed nickel/copper explorer Amur Minerals has entered into a memorandum of cooperation (MoC) with global supply chain solutions expert GEFCO to address Amur’s rail and shipping transport requirements for project construction, operational supply support and saleable product delivery to the... 

De Beers to move 200 elephants from South Africa to Mozambique

By: Reuters     23rd July 2018 Diamond producer De Beers said on Monday it was relocating 200 elephants from its private reserve in South Africa to neighbouring Mozambique, part of wider efforts to restore wildlife populations ravaged by conflict there. The Anglo American unit said its 32 000 ha Venetia Limpopo Nature Reserve... 

Perceptions mines are not doing enough for nearby communities fuelling protests

By: Nadine James     20th July 2018 In developed countries, community-based protest action (as opposed to industrial action) against mining companies is primarily related to environmental concerns. In South Africa, community-based protests against mining companies are rooted in socioeconomic issues, such as job creation, and... 

Roxgold’s Bagassi South construction activities progress

20th July 2018 Construction at Canadian gold miner Roxgold’s Bagassi South gold project, in Burkina Faso, is progressing well, with the miner continuing “to be on track for delivery of first ore from our second mine expected in the fourth quarter”, comments Roxgold president and CEO John Dorward. Bagassi South... 

Perceptions mines are not doing enough for nearby communities fuelling protests

By: Nadine James     20th July 2018 In developed countries, community-based protest action (as opposed to industrial action) against mining companies is primarily related to environmental concerns. In South Africa, community-based protests against mining companies are rooted in socioeconomic issues, such as job creation, and... 

Angolan railway company cuts transport costs for quarriers

By: Rebecca Campbell     20th July 2018 The management of the Moçâmedes Railway (Caminho-de-Ferro de Moçâmedes or CFM) in Angola has concluded an agreement with granite and marble producers in its area of operation, to cut its charges for carrying the ornamental rocks (also known as dimension stones or decorative stones) from the... 

Gold miner reflects on Ghana achievements

13th July 2018 Gold producer Gold Fields West Africa, a subsidiary of South Africa-based gold major Gold Fields, has invested significantly into the Ghana mining industry over the past 25 years, with shareholders, government and local communities that have and still are benefitting from the gold miner’s... 

Asanko focusing on Esaase development to expand production

By: Erin Steenhoff-Snethlage     13th July 2018 As part of its near-term organic growth strategy, Canadian junior gold producer Asanko Gold is focusing on expanding production at the Asanko Gold Mine (AGM) in Ghana, with the development of the Esaase gold deposit, within the 2018/19 calendar year. The AGM, commissioned in early 2016, comprises... 

Platina finds site for Owendale plant

By: Esmarie Swanepoel     12th July 2018 ASX-listed Platina Resources has signed a lease for the site of its proposed Owendale scandium processing facility, in New South Wales. The site, a former abattoir, is some 70 km from the mine site and has road system capable of handling the trucks that will be used to transport ore from the... 

SRK, industry loses leading light

By: Nadine James     11th July 2018 One of SRK Consulting’s three founding members, Dr Oskar Steffen, passed away on Wednesday, June 27, in Johannesburg. He was 77 years old. Steffen was born in Swaziland, where he completed his schooling. He left for Johannesburg in 1956 to study civil engineering at the University of the... 

Epiroc South Africa encourages employee wellness in the home and work space

11th July 2018 With employee wellness at the core of Epiroc South Africa’s ethos, the company addressed the important topic of stress management in support of World Safety Day 2018. The World Health Organisation’s safety day focus this year was on child labour. However, globally Epiroc decided to focus on... 

TDS Projects Construction awarded construction contract for mine development and infrastructure at Exxaro’s Matla Coal Mine

By: Creamer Media Reporter      11th July 2018 TDS Projects Construction has been awarded the contract for two distinct but integrated projects at Exxaro Matla’s Mine2 and Mine3. This entails both mine development and infrastructure development. TDS will be working alongside Newrak Mining with whom they have entered into a joint venture for... 

Transnet to operate inland manganese terminal

By: Marleny Arnoldi     10th July 2018 State-owned freight utility Transnet’s Port Terminals operating division has taken over operations at an inland terminal for the loading and handling of manganese at Lohatlha, in the Northern Cape.  

TDS, Newrak awarded construction contract for Exxaro’s Matla Mine 2 and Mine 3

By: Nadine James     10th July 2018 TDS Projects Construction, in a joint venture with Newrak Mining, has been awarded the contract for two distinct but integrated mine development and infrastructure projects at Exxaro's Matla Mine 2 and Mine 3. The project will start on September 7, with the first blast taking place at Mine 3 for... 

Battery-skeptic funds wait out cobalt rally seen as fleeting

By: Bloomberg     9th July 2018 Call them battery skeptics. Bets on surging demand for electric vehicles have made cobalt and lithium hot commodities, but some investors say the outlook is leaving them cold. While prices have more than doubled in the past three years on worries over shortages of the metals used in batteries,... 

Russia raises duties on US goods in response to trade restrictions

By: Reuters     6th July 2018 Russian Prime Minister Dmitry Medvedev has signed a decision imposing extra duties of 25% to 40% on some imports from the US in response to Washington's tariff move, the Russian economy ministry said on Friday. The extra duties will apply to imports of fiber optics, equipment for road... 

Company further explores, develops Marudi gold project

By: Jessica Oosthuizen     6th July 2018 Gold exploration and development company Guyana Goldstrike is implementing its Phase 1 exploration programme with trenching, mapping and sampling at the west extension of the Marudi North zone on its Marudi gold project, located in the Marudi Mountain property, in the Republic of Guyana, South... 

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