http://www.miningweekly.com
R/€ = 14.40 Change: 0.10
R/$ = 12.89 Change: 0.04
Au 1265.79 $/oz Change: -1.45
Pt 958.00 $/oz Change: -2.00
 

Topic

Acacia says committee’s findings on its Tanzanian gold exports inaccurate

By: Megan van Wyngaardt     26th May 2017 Tanzania-focused Acacia Mining on Friday said it could not agree with the findings of a report, compiled by a Presidential Committee tasked with investigating the export of gold and copper concentrates. President John Magufuli on Wednesday released the findings of the report and announced that... 

Up to 6% of Barrick’s 2017 output impacted by Tanzania ore export ban

By: Henry Lazenby     26th May 2017 The world’s largest gold producer by volume, Canada’s Barrick Gold, on Thursday revealed that up to 6% of its attributable output could be affected by the ongoing ban on mineral concentrate exports affecting the operations of its 63.9% subsidiary Acacia Mining, in Tanzania. Acacia’s Bulyanhulu... 

Acacia’s shares fall as Tanzania committee says it under-declared concentrate exports

By: Creamer Media Reporter      24th May 2017 Acacia Mining’s share price on the LSE fell by more than 20% on Wednesday after it reported that a Tanzanian Presidential Committee that was set up to investigate if mining companies are paying their fair share of taxes, had found that the gold miner had not fully declared all minerals contained... 

Tanzanian President fires mining minister and chief of State-run agency

By: Reuters     24th May 2017 Tanzania's president fired the mining minister and the chief of the State-run mineral audit agency on Wednesday, after receiving a report into whether mining companies were under-declaring the value of their exports. President John Magufuli's decision, announced in a speech, signals an escalation... 

Graphex agrees to terms with Chinese partner

By: Esmarie Swanepoel     24th May 2017 Junior Graphex Mining has agreed to the terms of a joint venture (JV) and offtake agreement over its Chilalo graphite project, in Tanzania, with a Chinese syndicate led by CN Docking Joint Investment and Development Co. The syndicate would be required to make an equity investment of between... 

Katoro Gold starts trading on Aim

By: Megan van Wyngaardt     23rd May 2017 Katoro Gold, previously Opera Investments, through its reverse takeover of Kibo Gold’s Imweru and Lubando gold projects, has been relisted on the LSE. The Tanzania-focused gold exploration company said the admission of its ordinary shares to trading on the Aim-market started at 08:00 on Tuesday,... 

Volt secures Chinese partner for Tanzanian ore

By: Esmarie Swanepoel     23rd May 2017 Graphite developer Volt Resources has entered into a cooperation agreement with Chinese graphite group Aoyu Graphite Group, paving the way for the company to produce industrial size samples from its Namangale project, in Tanzania. Aoyu will process up to 100 t of Namangale ore in the third... 

Shanta receives power station equipment financing

By: Anine Kilian     22nd May 2017 Aim-listed Shanta Gold has received $10-million in financing from Exim Bank Tanzania following the commissioning of a 7.5 MW power station, at its New Luika gold mine, in Tanzania. The four-year term loan will amortise quarterly, bearing variable interest at 7.25% a year. 

Edenville signs LoI with potential Rukwa customer

By: Megan van Wyngaardt     19th May 2017 Aim-listed coal miner Edenville Energy has signed a letter of intent (LoI) to initially supply just over 1 000 t/m of coal to a customer, from its Rukwa operations in Tanzania. The supply volumes could potentially rise to 7 000 t/m as the operation expands. 

Shanta completes €2.1m equipment financing deal

By: Anine Kilian     18th May 2017 Aim-listed Shanta Gold has completed a €2.1-million finance agreement with Sandvik Mining and Construction for the purchase of underground mobile equipment for its Tanzania-based New Luika gold mine. The financing is repayable quarterly, in two tranches, over respective 36 month periods. 

Volt unveils plans for Tanzania graphite project

By: Esmarie Swanepoel     18th May 2017 Graphite developer Volt Resources has unveiled plans to develop its Namangale project, in Tanzania, in two stages, with first concentrate production starting in mid-2018. A previously completed prefeasibility study (PFS) considered a number of production scenarios ranging from 60 000 t/y to 240... 

Strandline raises A$5.2m for Tanzanian projects

By: Esmarie Swanepoel     17th May 2017 Mineral sands developer Strandline Resources will raise A$5.2-million from the placement of more than 651-million shares to institutional and sophisticated investors. Strandline will issue the shares in two tranches, with the first 441.3-million to be placed under the company’s existing capacity,... 

Walkabout gets environmental nod

By: Esmarie Swanepoel     16th May 2017 Graphite developer Walkabout Resources has been granted environmental approval for its Lindi jumbo graphite mine, in Tanzania. The award of an environmental impact assessment (EIA) certificate was a pre-requisite to the mining licence application, which will now be submitted to the Ministry of... 

Tanzania's Magufuli pushes for listing of mining firms

By: Reuters     10th May 2017 Tanzania's President, John Magufuli, said his government will enforce a new rule requiring mining firms to list on its bourse by August as part of measures aimed at increasing transparency and spreading wealth from the country's natural resources. Major foreign-owned mining companies in Tanzania... 

Walkabout finds taker for Lindi product

By: Esmarie Swanepoel     10th May 2017 Graphite developer Walkabout Resources has signed a non-binding strategic sales and purchase agreement with European trading house Georg H Luh GhmB over the Lindi jumbo project, in Tanzania. The memorandum of understanding calls for the companies to start commercial discussions on a confidential... 

Kibo gold spin-off Katoro to list in May

By: Natasha Odendaal     5th May 2017 Aim-listed Opera Investment is eyeing May 23 as the date to cancel its admission on the London bourse – and the start of trading of newly formed spin-off Katoro Gold Mining, as the proposed sale of AltX- and Aim-listed Kibo Mining’s northern Tanzania-based gold assets is wrapped up. Opera... 

Tanzania gold mine on course to start commercial underground production in Q2

By: Mia Breytenbach     5th May 2017 East Africa-focused gold producer, developer and explorer Shanta Gold reports that underground production at its New Luika gold mine in Tanzania remains on track to reach commercial production during the second quarter of this year. The development also remains within budget. 

Evaluation reaffirms decision to acquire gold assets

     28th April 2017 London investment company Opera Investments’ decision to acquire the Lubando and Imweru assets, in Tanzania, has been reaffirmed by an evaluation by South African consulting group Minxcon, which confirmed Lubando’s gold resource at 6.78-million tonnes, grading 1.10 g/t, containing 293 870 oz.... 

Mining consulting outlook stable to positive – consultancy

By: Nadine James     28th April 2017 The short-term outlook for the mining consulting industry is “stable to positive”, says SRK Consulting, a firm of consulting engineers and scientists. SRK partner and principal consultant Andrew van Zyl stresses that the South African economy is still in a transitional phase which – combined with... 

Rio Tinto in JV with Strandline to earn into Tanzania project

By: Esmarie Swanepoel     26th April 2017 The exploration arm of mining major Rio Tinto has inked an earn-in and joint venture (JV) agreement with ASX-listed junior Strandline Resources worth up to $10.75-million. Strandline on Wednesday reported that the JV would allow Strandline to accelerate exploration activities at its heavy... 

Africa urged to transform dependence on commodities

By: African News Agency      25th April 2017 Even as the world emerges from the worst of the global commodity price meltdown, African countries were urged on Tuesday to make the most of the next upward cycle to diversify and industrialise away from over-reliance on exports of raw materials. In a statement, Dr Martyn Davies, Deloitte... 

Diamond production at Petra’s operations flat during rainy season

By: Megan van Wyngaardt     24th April 2017 LSE-listed Petra Diamonds’ production of 999 768 ct for the third quarter, ended March 31, was only marginally higher than the 995 905 ct it produced in the same quarter of 2016. However, run-of-mine (RoM) production for the quarter increased 18% to 760 916 ct, as RoM grades improved owing to the... 

Tanzanian graphite project proves positive for Black Rock

By: Esmarie Swanepoel     24th April 2017 A prefeasibility study (PFS) into the Mahenge graphite project, in Tanzania, has estimated that the project cold produce some 167 000 t/y of high purity graphite over a mine life of 32 years. ASX-listed Black Rock Mining said on Monday that the project will require a capital investment of some... 

Armadale receives encouraging results for graphite project

By: Megan van Wyngaardt     21st April 2017 Initial testwork at Armadale’s Mahenge Liandu graphite project, in Tanzania, continue sto indicate that it is capable of producing high-quality graphite concentrates, with possible expansion up to 480 cm³/g. The Aim-listed company said the results further increase the range of potential... 

Shanta reports higher Q1 production, improved margins

By: Mia Breytenbach     21st April 2017 Aim-listed Shanta Gold’s New Luika mine, in Tanzania, produced 20 416 oz of gold in the quarter ended March 31, improving the company’s margins and keeping it on track to meet its 2017 guidance. “Shanta had a promising start to the financial year with more ounces produced, at a greater margin... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can be no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012, that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, compared with India’s 7.6%,... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can he no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012 that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, as against India’s 7.6%, the... 

Tanzania export ban weighs on Acacia’s Q1 cash flow

By: Megan van Wyngaardt     20th April 2017 The Tanzania Ministry of Energy and Minerals’ decision to introduce a general ban on the export of metallic mineral concentrates has had a $33-million negative impact on Acacia Mining’s cash flow for the first quarter, ended March 31. The Ministry announced the ban on March 3, following a... 

Kibo Mining signs supply MoU with Mbeya Cement

By: Megan van Wyngaardt     20th April 2017 Dual-listed Kibo Mining has signed a strategic memorandum of understanding (MoU) with Lafarge Tanzania subsidiary Mbeya Cement, to develop regional collaboration and to allow for reciprocal supply of materials. The MoU includes discussions with regional development partners to allow socioeconomic... 

Edenville’s coal wash plant nearly ready for shipment to Tanzania

By: Anine Kilian     19th April 2017 The coal wash plant for use at Edenville Energy’s Rukwa coal mine has been delivered to port in the UK and inspected and cleared by the appropriate authorities, ready for shipment to Tanzania. The first of the shipments is expected to leave the UK this month and will take six weeks to arrive in... 

Revised mine plan, updated reserves extend life of Tanzania gold mine

By: Mia Breytenbach     14th April 2017 East Africa-focused gold producer, developer and explorer Shanta Gold has announced a revised mine plan for its New Luika gold mine, in Tanzania, for January 2017 to December 2023, as well as an updated reserve plan for the mine. “The revised mine plan highlights the true prospectivity and future... 

Peak ramps up offtake, financing talks for rare earths project

By: Esmarie Swanepoel     12th April 2017 Australian project developer Peak Resources is moving forward with financing discussions and mining licence applications for its planned Ngualla rare earths project, which is estimated to cost $356-million. The integrated project comprises the Ngualla mine, in Tanzania, and a refinery in the UK. 

Edenville expands Mkomolo licence area

By: Natasha Odendaal     6th April 2017 Aim-listed Edenville Energy on Thursday said its mining licence ML362/2016, covering its Mkomolo coal project, in south-west Tanzania, has been enlarged to 9.88 km². The amalgamation of the 14 primary mining licences located at Mkomolo is now entirely held in one continuous licence area under the... 

Walkabout reports maiden reserve at Lindi

By: Esmarie Swanepoel     4th April 2017 Graphite developer Walkabout Resources has reported a proven and probable maiden ore reserve of five-million tonnes, grading 16.13% total graphitic carbon, for 809 081 t of graphite concentrate at its Lindi jumbo graphite project, in Tanzania. “This reserve delivers the highest mill feed grade of... 

Kibaran lifts Epanko resource by 40%

By: Esmarie Swanepoel     31st March 2017 Junior graphite developer Kibaran Resources has reported a 40% increase in the mineral resource at its Epanko project, in Tanzania. The company on Friday reported that the mineral resource was now estimated at 30.7-million tonnes, grading 9.9% total graphitic grade for 3.05-million tonnes of... 

Slag use in building system offers multiple benefits

     31st March 2017 Alternative construction system company Moladi has developed a means of incorporating mine slag into its Moladi mix, offering mining companies a viable method for recycling their waste material and reduced construction costs when developing mine-site accommodation. Moladi founder and CEO Hennie... 

Kibo to implement diversified production strategy for Mbeya

By: Natasha Odendaal     30th March 2017 Dual-listed Kibo Mining is adopting a diversified production strategy for the Mbeya coal mine, in Tanzania, which could potentially result in production starting earlier than planned. This followed a “careful study” of the Mbeya coal-to-power project (MCPP) integrated bankable feasibility study... 

Mining starts at Edenville’s Rukwa project

By: Megan van Wyngaardt     30th March 2017 Mining has started at Aim-listed Edenville Energy’s Rukwa coal-to-power project, with the crushing of several hundred tonnes of coal already completed. The miner on Thursday said the majority of the coal produced so far has been crushed using a temporary crushing facility Edenville refurbished... 

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
Close