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Topic

Uranium tariffs threaten nuclear plants Trump is trying to save

By: Bloomberg     20th July 2018 The Trump administration’s decision to consider tariffs on uranium imports may raise the cost of fuel for nuclear reactors and undermine a separate initiative to shore up struggling electricity generators. The Commerce Department said Wednesday it will probe whether uranium imports “threaten to... 

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... 

Kinsevere mine, Democratic Republic of Congo

By: Thabi Madiba     20th July 2018 A copper cathode mine located about 27 km north of the provincial capital Lubumbashi in the Katanga province, in south-east Democratic Republic of Congo. 

De Beers brings Chidliak resource into its fold with C$107m Peregrine buy

By: Mariaan Webb     19th July 2018 Diamond major De Beers announced on Thursday that it would buy Canadian miner Peregrine Diamonds – the owner of the Chidliak diamond resource in Nunavut Territory – for C$0.24 a share, or C$107-million, in cash. The Chidliak resource, 120 km north-east of Iqaluit on Baffin Island, hosts 74... 

Australia’s Minerals Council unfazed by US uranium investigation

By: Esmarie Swanepoel     19th July 2018 The Minerals Council of Australia (MCA) appeared unfazed over a decision by the US Department of Commerce to launch an investigation on uranium imports. A MCA spokesperson told Mining Weekly Online on Thursday that Australia had been a long-standing uranium supplier to the US. In 2017, US... 

Cameco following US uranium trade investigation ‘closely’

By: Mariaan Webb     18th July 2018 Canadian uranium major Cameco does not expect the Trump administration’s investigation into uranium imports to have an immediate impact on its shipments into the US, but the company’s president and CEO Tim Gitzel said he is following developments “very closely”. He affirmed that Cameco, which is... 

Trudeau moves Sohi to Natural Resources, Carr to head up International Trade Diversification

By: Mariaan Webb     18th July 2018 Canadian Prime Minister Justin Trudeau on Wednesday announced significant changes to his Cabinet, moving around several current Ministers, appointing four new ones and creating three new portfolios. Amarjeet Sohi has been moved from the Infrastructure portfolio to Natural Resources, succeeding... 

US plans uranium import probe that may lead to tariffs

By: Bloomberg     18th July 2018 The Trump administration plans to open an investigation into whether uranium imports are harming national security, a move that could lead to tariffs on foreign shipments of the metal, said three people familiar with the matter. US uranium producers Energy Fuels and Ur-Energy filed a petition in... 

Fura to expand its Mozambique ruby holdings; considering an LSE listing

By: Anine Kilian     16th July 2018 TSX-V-listed gemstone producer Fura Gems has entered into an agreement to acquire an interest in nine ruby assets in Mozambique from ASX-listed Mustang Resources and Regius Resources Group for A$15-million, or about C$14.6-million, in cash and shares. Upon closing of the acquisition, Fura, which... 

Rio says workers return at South Africa's Richards Bay Minerals

By: Bloomberg     16th July 2018 Rio Tinto’s Richards Bay Minerals in South Africa said workers are reporting for duty after violence and protests that started more than a week ago shut the operations. “Following a significant improvement in the security situation, employees are returning to work today and we will safely ramp up... 

How mining tycoons are trying to foil a big UK bribery probe

By: Bloomberg     16th July 2018 It’s a faint echo of the defense being floated by targets of the Mueller probe in the US – an unaccountable circle of bureaucrats manipulating the system to their own ends. But in London, it’s the last ditch effort by a trio of Kazakh oligarchs to derail the UK’s biggest bribery investigation. 

Copper trains ransacked by 'moles' in full-moon desert heists

By: Bloomberg     13th July 2018 On nights lit by a full moon, thieves leap from trucks onto trains as they roll through Chile’s Atacama desert, before throwing 80-kg slabs of copper to the ground and disappearing into the dark. It’s a tactic known as “the cat” and the robbers are “moles” because no one knows where they come... 

Mining Charter crucial, improvement needed – law firm

By: Jessica Oosthuizen     13th July 2018 It is important that the Mining Charter is given the attention it deserves if South Africa is serious about empowerment, says law firm ENSafrica natural resources and environment director Ntsiki Adonisi-Kgame. The draft Mining Charter for the South African Mining and Minerals Industry was... 

Ecuador attracting mining interest, political risks weigh on Latin America outlook

By: Mariaan Webb     12th July 2018 The South American country of Ecuador is attracting interest among foreign mining companies, as a low-risk, high-reward market, where government remains supportive of mining, despite the February referendum restricting mining in protected areas. Market intelligence firm BMI, which publishes a... 

Rio Tinto says minerals sands operation in South Africa shut by protests

By: Reuters     11th July 2018 A mineral sands operation on the South African coast run by Rio Tinto has been closed since Friday due to violent community protests which saw a security guard killed earlier this week, the company and a union said on Wednesday. Community unrest is a common feature of South Africa's social... 

Private equity useful in current economy

6th July 2018 Using private equity to gain capital, especially for small to medium-sized enterprises (SMEs) that might not meet the criteria to qualify for bank loans, seems like a preferential means of raising capital in South Africa’s current tough economic climate, according to private equity company RMB... 

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... 

Cullinan mine moves to centralised blasting to improve safety, efficiency  

By: Nadine James     6th July 2018 Petra Diamonds’ Cullinan mine hopes to achieve further improvements in safety, mining efficiencies and productivity, following the implementation of BME’s AXXIS centralised blasting system across its underground operation. The system was officially launched on Wednesday. 

New technical models set to reduce costs of power generation, distribution for Africa

5th July 2018 Innovative new technologies and architectures set to reduce the costs of power generation and distribution will be presented at the upcoming POWER-GEN & DistribuTECH Africa conference and expo. Speaking ahead of Africa’s premier power sector summit, experts outlined a number of new technologies... 

Spanish cattle farmers are worrying about nearby uranium mines

By: Bloomberg     3rd July 2018 Maria Jose Alamo, whose 120 cattle graze on land close to the only major new uranium mine being developed in the world, is worried. “I myself wouldn’t buy the meat of cattle raised close to such a mine,” said Alamo, 48, in an interview at a cafe in the hamlet of Banos de Retortillo, in Western... 

Trump trade war looms over Canadian town built to supply America

By: Bloomberg     28th June 2018 If ever a town embodied US-Canadian symbiosis, it’s Arvida, Quebec. Built by Americans, its giant smelter supplied most of the Allied forces’ aluminum in World War II and today makes metal used in Budweiser beer cans, Tesla and Ford cars and in AR15 rifles, part of the 2.5-million metric tons... 

Coal miner, community set to meet in public debate to discuss Yzermyn underground coal mine

By: Simone Liedtke     28th June 2018 India-owned mining company Atha Africa Ventures is set to engage in a public debate with the community to discuss the potential impacts and remediation of a proposed coal mine near Wakkerstroom, in Mpumalanga, on Friday, June 29. This open forum community-oriented debate will allow all parties,... 

AngloGold says no production impact from Guinea power protests

By: Reuters     28th June 2018 AngloGold Ashanti said on Thursday that there has been no production impact at its Siguiri gold mine in Guinea despite two days of violent protests over prolonged electricity outages by communities around the mine. Youths barricaded roads, clashed with security forces and tried to force through... 

Gold hits over six-month low as dollar strengthens

By: Reuters     28th June 2018 Gold prices hit their lowest in more than six months on Thursday as the greenback held near one-year highs amid mounting US-China trade friction. Spot gold was down 0.2% at $1 249.71/oz, as of 0752 GMT. Earlier in the session, the bullion touched $1 248.25, its lowest since mid-December. 

Petra’s Cullinan mine uses new centralised blasting system to improve safety, productivity

By: Nadine James     27th June 2018 Petra Diamonds’ Cullinan mine hopes to achieve further improvements in safety, mining efficiencies and productivity, following the implementation of BME’s AXXIS centralised blasting system across its underground operation. The system was officially launched on Wednesday. 

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’... 

Empire readies to reclaim cash

By: Esmarie Swanepoel     27th June 2018 Gold junior Empire Resources will exercise its rights to recover some A$1-million owed by project partner Brimstone Resources after the Court of Appeal dismissed Brimstone’s application to have an earlier ruling overturned. Brimstone, which holds a 40% interest in the Penny’s Find gold mine, in... 

AngloGold gets environmental go-ahead for Obuasi redevelopment

By: Marleny Arnoldi     27th June 2018 Gold miner AngloGold Ashanti has received environmental permits for its Obuasi gold mine, in Ghana, paving the way for the redevelopment of the large and high-grade orebody.  

Private security company allegedly opens fire on protesters, injuring eight in Marikana

By: News24Wire      26th June 2018 Eight people were shot and injured during a legal march, after a private security company fired rubber bullets at a group protesting outside Glencore mine in Marikana, North West on Tuesday morning. "While the march was busy, a private security firm fired shots at the protesters. One of the... 

Xtract reviewing new contractor proposals for Western half of Manica mine

By: Marleny Arnoldi     25th June 2018 Diversified miner Xtract Resources continues to review new contractor proposals for the Western half of its Manica gold project, in Mozambique, after previous contractor Moz Gold’s gold recovery rate was found to be unsatisfactory as a result of the fine nature of the gold and the processing... 

Indian State-owned firms mandated to acquire overseas lithium and cobalt assets

By: Ajoy K Das     22nd June 2018 The Indian government has mandated all State-owned mineral-based companies to pool their resources to acquire lithium and cobalt assets overseas. A rough deadline of March 2019 has been set for these companies to complete all formalities, such as leveraging their balance sheets jointly, form... 

Beadell terminates Tucano contract

By: Esmarie Swanepoel     22nd June 2018 Gold miner Beadell Resources and contract miner MACA have mutually terminated the openpit mining contract for the Tucano gold mine, in Brazil Beadell said on Friday that MACA and its Brazilian subsidiaries will cease mining services immediately, with mining at Tucano to be conducted by a... 

AEMO sees no gas supply gaps to 2030

By: Esmarie Swanepoel     22nd June 2018 The latest Gas Statement of Opportunities (GSOO) by the Australian Energy Market Operator (AEMO) has found that market intervention, new supply and lower demand have avoided a potential energy shortfall. The AEMO in late 2017, warned of a substantial shortfall in gas for the east coast of... 

New draft Mining Charter sets new potentially controversial targets for BEE ownership - but past deals recognised and stability clauses proposed

20th June 2018 “Following the recently launched draft Mining Charter, a stability clause has also been proposed and this is exactly what our country needs right now, to allay investor fears and encourage much-needed investment in a struggling sector,” says Bert Lopes, Natural Resources Head at audit firm, BDO.... 

Latin Resources secures funds for lithium expoloration

By: Esmarie Swanepoel     19th June 2018 Minerals explorer Latin Resources has secured a A$6-million convertible security funding agreement (CSFA) with an optional equity earn-in into the company’s lithium projects in Argentina, with financier Lind Asset Management XII. The funding will include an initial A$2-million, which will be... 

Resource nationalism on the rise in sub-Saharan Africa

By: Nadine James     15th June 2018 The seemingly increasing trend towards nationalist thinking, combined with and likely driven by growing economic inequality, has resulted in several changes in mining and tax legislation in sub-Saharan Africa countries. Herbert Smith Freehills Africa Group co-chair and partner Peter Leon says the... 

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