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Copper heads for fifth weekly loss, aluminium awaits Trump-Putin summit

By: Reuters     13th July 2018 Copper headed for a fifth weekly loss on Friday as trade tensions between the United States and China rumbled on, while aluminium hit a three-month low ahead of a summit between US President Donald Trump and Russian President Vladimir Putin. Trump and Putin are due to meet in Helsinki on Monday... 

World's oil cushion could be stretched to the limit, IEA warns

By: Reuters     12th July 2018 The world's oil supply cushion could be stretched to the limit due to prolonged outages, supporting prices and threatening demand growth, the International Energy Agency (IEA) said on Thursday. The expected drop in Iranian crude exports this year due to renewed US sanctions, coupled with a... 

Serbian copper miner attracts 11 possible buyers – report

By: Reuters     11th July 2018 Serbia's RTB Bor copper miner and smelter has drawn interest from 11 companies and the tender could take place this week or next, Belgrade daily Politika reported on Wednesday. Serbia has tried and failed three times since 2007 to sell the debt-laden mining complex, which suffered a long period... 

Monchetundra mine permit application now on Medvedev’s desk

By: Mariaan Webb     11th July 2018 The mine permit application for the two-million-ounce platinum-group metals (PGM) Monchetundra project has progressed to the office of Russian Prime Minister Dmitry Medvedev’s for final authorisation, Aim-listed Eurasia Mining reported on Wednesday. This follows the approval from the Ministry of... 

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... 

Occupational disease prevention campaign launched

By: Schalk Burger     6th July 2018 Workplace health and safety compensation funds Rand Mutual Assurance (RMA), Federated Employer’s Mutual Assurance Company and the Department of Labour Compensation Fund, as well as the Department of Mineral Resources, on Thursday launched the Occupational Disease Prevention Campaign, in... 

Cabinet’s failure to consider IRP threatens mid-August deadline

By: Terence Creamer     5th July 2018 South Africa’s Cabinet did not deliberate on the Integrated Resource Plan (IRP) at its most recent fortnightly meeting, potentially threatening Energy Minister Jeff Radebe’s self-imposed mid-August deadline for finalising the long-awaited update to the electricity generation plan. Communications... 

Goldman says buy commodities as clock ticks toward trade war

By: Bloomberg     5th July 2018 Commodity bull Goldman Sachs Group Inc. has poured cold water on the notion that a trade war between the US and China represents a serious threat to raw materials, saying most of them aren’t likely to be significantly impacted, and after recent declines now’s the time to buy. The Wall Street... 

Kropz eyeing dual listing

By: Martin Creamer     4th July 2018 Emerging plant nutrient producer Kropz is eyeing a dual listing on the Johannesburg Securities Exchange in addition to seeking admission to trade on the Aim in London, where it intends raising equity capital to fund the completion of its advanced-stage phosphates project in South Africa, cut debt... 

US probe darkens Glencore's horizons from Africa to Americas

By: Bloomberg     4th July 2018 The US corruption and money-laundering probe into Glencore Plc represents the sum of all fears for the world’s largest commodity trader and its billionaire CEO Ivan Glasenberg. The possibility that the Justice Department would add to the dizzying array of regulatory and legal headaches the Swiss... 

Eurasia’s Monchetundra mining permit in ‘final stages’

By: Simone Liedtke     3rd July 2018 Aim-listed Eurasia Mining on Tuesday announced the approval of the Monchetundra mine permit application by the Russian Ministry of Economic Development (MOED). The mine permit application, for the 80%-owned two-million-ounce platinum-group metals (PGM) reserve and resource, is now awaiting sign... 

Radebe says labour cannot be 'left behind' in energy transition 

By: Terence Creamer     29th June 2018 Energy Minister Jeff Radebe urged business to support government in ensuring that South Africa’s energy transition is a “just” one for labour, especially those operating in the coal-mining sector. In an engagement on Friday with business leaders in Johannesburg, following a meeting of the energy... 

Shareholders take fight for Russian gold to London's Square Mile

By: Bloomberg     29th June 2018 The bitter battle for gold mines in Russia’s far east is set to take another twist as rebel investors try to sack the leadership of Petropavlovsk. Shareholders will vote on Friday at meeting in a nondescript office block between St Paul’s Cathedral and the Bank of England in London. While the... 

Brazilian uranium miner seeks help in going underground

By: Rebecca Campbell     29th June 2018 Brazilian media have reported that the State-owned uranium company, Indústrias Nucleares do Brasil (INB – Nuclear Industries of Brazil) has signed a Memorandum of Understanding (MoU) with a subsidiary of the Russian State-owned nuclear group Rosatom. The subsidiary is the U1 Group, better known... 

Amur updates Kun-Manie estimates

By: Mariaan Webb     28th June 2018 London-listed nickel/copper-sulphide mineral explorer Amur Minerals on Thursday provided a mining potential update for its Kun-Manie project, in Russia’s Far East, focusing on the Ikenskoe/Sobolevsky (IKEN) and Kubuk (KUB) deposits. The update follows the 2017 drilling programme, which... 

IEA sees gas demand growth of 1.6% a year, China to become largest importer

By: Esmarie Swanepoel     27th June 2018 A new report by the International Energy Agency (IEA) has shown that global gas demand will grow at an average rate of 1.6% a year, reaching just more than 4.1-trillion cubic metres in 2023. This forecast compares with demand of 3.74-tillion cubic metres in 2017, the IEA noted in its ‘Gas 2018’... 

Nickel market deficit increases, but surplus expected by 2020 – BMI

By: Marleny Arnoldi     26th June 2018 BMI Research anticipates the global refined nickel market to remain in a slight deficit this year, as global production remains subdued.  

China continues to encourage foreign mining investment

By: Rebecca Campbell     22nd June 2018 In early April the People’s Republic of China established a new Ministry, that of Natural Resources (MNR). The creation of the new Ministry was part of a programme to restructure the country’s State Council (Cabinet). The MNR took over all the responsibilities of the previous (and now... 

Casting methodology ensures high-quality sheave wheels

By: Paige Müller     22nd June 2018 Mining sheave wheels fabricated using the casting methodology are stronger than their welded counterparts, extending the life span of mining shafts and allowing that sheave wheels be custom-made to suit specific design and application conditions, states foundry and casting specialist KEW... 

China continues to encourage foreign mining investment

By: Rebecca Campbell     22nd June 2018 In early April the People’s Republic of China established a new Ministry, that of Natural Resources (MNR). The creation of the new Ministry was part of a programme to restructure the country’s State Council (Cabinet). The MNR took over all the responsibilities of the previous (and now... 

Russian Jan-March gold output at 51.6 t

By: Reuters     21st June 2018 Russia produced 51.6 t of gold in the first three months of 2018, up from 50.9 t in the same period in 2017, the Finance Ministry said on Thursday. Production for the period included 39.78 t of mined gold compared with 38.93 t a year ago, the Ministry said. 

Petropavlovsk's biggest shareholder outlines his case for change

By: Reuters     21st June 2018 Russian miner Petropavlovsk's largest shareholder, who is calling for an overhaul of the board, has written to fellow shareholders, setting out plans to sell the company's stake in an iron ore unit and to draw up deal targets in the gold sector. The company holds its annual general meeting in... 

Alrosa auctioning large rough diamonds in Asia

By: Rebecca Campbell     15th June 2018 Russian diamond mining major is currently holding an auction in Hong Kong for large rough diamonds, and will soon start a second one in Vladivostock. The Hong Kong auction started on June 13 and will run until June 27. The Vladivostock auction will start on June 18 and conclude on June 29. In... 

Russian federal agencies give go-ahead for second Eurasia Mining project

By: Marleny Arnoldi     13th June 2018 Aim-listed platinum group metals (PGM) and gold miner Eurasia Mining has received approval from the Russian Federal Securities Board and the Ministry of Defence for its Monchetundra project, in the Kola Peninsula.  

Angola's top diamond mine says underpricing has cost it almost $500m

By: Reuters     12th June 2018 Angola's Catoca, the world's fifth largest diamond mine, estimates it lost $464-million over the past six years due to a government-imposed marketing system that obliged it to sell production below international prices, a company presentation seen by Reuters showed. The figure was presented... 

Natural flake graphite market expected to move into a deficit around 2020

By: Melissa Zisengwe     8th June 2018 Graphite miner Syrah Resources is expecting the global flake graphite market to remain in a state of small oversupply this year but to move into a deficit in the coming years, as the company increases its graphite production ahead of an expected increase in demand from electric cars, buses and... 

Voro mine, Russia

By: Thabi Madiba     8th June 2018 A gold mine located about 370 km north of the regional centre of Ekaterinburg and 25 km south of the city of Krasnoturinsk, in Russia’s Sverdlovsk region. 

Russian diamond miner announces auctions and award of high sustainability ranking

By: Rebecca Campbell     7th June 2018 Russian diamond mining major Alrosa announced on Thursday that it would hold auctions in Hong Kong and Vladivostok for large rough diamonds. The Hong Kong auction will start on June 13 and will run until June 27. The Vladivostok auction would start on June 18 and conclude on June 29. In both... 

Platinum price set for recovery this year – survey

By: Anine Kilian     7th June 2018 The platinum price is expected to exceed $1 000/oz in the second half of this year. “We expect the platinum price will start a recovery this year, albeit a gradual one. This is predicated on a small deficit this year, of nearly 300 000 oz, fuelled by a contraction in supply, chiefly from the... 

Russia's Polyus to decide on Sukhoi Log gold mine by 2020/21

By: Reuters     7th June 2018 Russian gold miner Polyus said on Thursday it planned to make a final investment decision on Sukhoi Log, one of the world's largest untapped gold deposits, by 2020/21, when it would also begin capital spending on construction. Should a positive investment decision be made, production would start... 

Angola to change diamond sector to attract investment – Lourenço

By: Reuters     6th June 2018 Angola will make changes to how its secretive diamond industry works in order to attract more investment, increase production and secure higher government revenue, President João Lourenço said on a visit to Antwerp, Belgium. Africa's second-largest crude producer is trying to open up and... 

Govt creating junior miners’ fund, boosting geoscience, legitimising zama-zamas 

By: Martin Creamer     5th June 2018 The government is partnering the State-owed Industrial Development Corporation (IDC) to establish a junior miners’ fund that will provide exploration investment capital to black-owned emerging miners; it is also investing R20-billion in the Council for Geoscience to boost exploration as well as... 

The 25th Jubilee World Mining Congress 2018 Will Be Held In Kazakhstan

5th June 2018 On June 19th-21st, 2018, the city of Astana will be hosting the 25th Jubilee World Mining Congress. Kazakhstan will be the first country among the CIS states to hold an event of such significant international importance. The World Mining Congress is the largest and most appreciable gathering of... 

Kinross Gold celebrates 25-year TSX anniversary

By: Creamer Media Reporter      2nd June 2018 Canada-based senior gold mining company Kinross Gold on Friday celebrated its twenty-fifth year as a listed company on the Toronto Stock Exchange. The senior gold miner, which has mines in the US, Brazil, Russia, Mauritania, Chile and Ghana, started trading on the TSX on June 3, 1993. 

China remains dominant coal consumer, producer

By: Natasha Odendaal     1st June 2018 China, India and the US will remain the largest consumers of thermal coal, while China, India and Russia will remain the largest consumers of coking coal during the period to 2027, a new report by BMI Research shows. In its ‘Industry trend analysis: global forecast to 2027’ report, BMI forecasts... 

Canada’s Nautilus aiming to start marine mining in 2019 despite enviro concerns

By: Dylan Slater     1st June 2018 Deep-sea mining is yet to become a major mining activity, and not much is known about undersea deposits of minerals. However, some role-players in the mining industry are claiming that the deep-sea floor could be host to an abundant and untapped resource of highly sought-after commodities, which... 

Canada’s Nautilus aiming to start marine mining in 2019 despite enviro concerns

By: Dylan Slater     1st June 2018 Deep-sea mining is yet to become a major mining activity, and not much is known about undersea deposits of minerals. However, some role-players in the mining industry are claiming that the deep-sea floor could be host to an abundant and untapped resource of highly sought-after commodities, which... 

Russian January gold output at 15.67 t

By: Reuters     31st May 2018 Russia produced 15.67 t of gold in January, up from 14.16 t in the same period in 2017, the Finance Ministry said on Thursday. Production for the period included 12.26 t of mined gold compared with 10.58 t a year ago, the Ministry said. 

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