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Gold Fields advances projects to ‘underwrite a better future’

By: Simone Liedtke     17th August 2018 NYSE- and JSE-listed Gold Fields aims to continue building new projects that will “underwrite a better future for [the miner] in terms of a longer life at lower costs”. This, CEO Nick Holland said during a conference call on Thursday, is particularly important, given the volatility of the gold... 

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. 

Lucara recovers 253 special diamonds at Karowe in Q2

By: Simone Liedtke     10th August 2018 TSX-listed Lucara Diamonds’ Karowe mine, in Botswana, delivered 253 diamonds larger than 10.8 ct during the second quarter, ended June 30, representing 10.5% of the total recovered carats. This is also the highest number of specials recovered, by quarter, since production started at Karowe. 

BHP says Brazil court approves Samarco settlement

By: Reuters     10th August 2018 Mining heavyweight BHP said on Thursday a federal court in the Brazilian state of Minas Gerais approved an agreement between miner Samarco and Brazil authorities, marking a milestone in the legal battle over a deadly 2015 dam failure. A 20-billion reais ($5.- billion) lawsuit against Samarco,... 

Newcrest warns of further impairments

By: Esmarie Swanepoel     9th August 2018 Gold miner Newcrest Mining has warned of a non-cash impairment of between A$260-million and A$270-million for the 2018 financial year. Some A$190-million of the write-off is attributed to the Telfer gold mine, in Western Australia, where the latest life-of-mine plan indicated lower levels of ore... 

Sustainability beyond the “factory door”

By: Creamer Media Reporter      8th August 2018 Sustainable business practices are no longer a nice to have, but a vital component of strategy that drives organisational longevity, market share and bottom-line performance. For the most part, responsible organisations have adopted environmentally friendly practices into their everyday... 

Vedanta delivers strong Q1 Ebitda

By: Simone Liedtke     6th August 2018 Diversified miner Vedanta Resources on Monday announced that it had delivered strong earnings before interest, taxes, depreciation and amortisation (Ebitda) and drove steady margins in the first quarter of the 2019 financial year, which ended on June 30. The margins, the miner highlighted, were... 

Letšeng large diamond recoveries reach a record in H1

By: Marleny Arnoldi     3rd August 2018 LSE-listed Gem Diamonds continued to recover large diamonds during the first half of this year, with a record ten diamonds greater than 100 ct recovered, at its Letšeng mine, in Lesotho. Gem recovered another such diamond in July, which resulted in the highest number of more-than-100 ct... 

TRI opens subsidiary in South Africa  

By: Paige Müller     3rd August 2018 Global independent third-party geotechnical testing and research company TRI Environmental launched its new African subsidiary, TRI Africa Environmental Services, last month.   Owing to an increase in demand for its third-party quality assurance geotechnical testing services on the African... 

Battery metals boom boosting services, project potential

By: Paige Müller     3rd August 2018 There is a boom in the battery metals mining space, owing to a global focus on environment-friendly power initiatives, or ‘green’ energy, says mining industry specialist consultants The MSA Group. MSA Group critical metals principal consultant Michael Cronwright says the company has noted a... 

When modularity matters

By: Creamer Media Reporter      2nd August 2018 Texas-based sand and gravel company relocates its CDE wet processing plant to new site to optimise return on investment. Texas-based Metroplex Sand & Gravel   company has been enjoying the benefits of the CDE modular approach to wet processing equipment. The company has recently exercised the... 

AngloGold to swing to H1 profit on higher output, lower costs

By: Simone Liedtke     2nd August 2018 Gold miner AngloGold Ashanti expects to report headline earnings of between $91-million and $108-million for the six months ended June 30, compared with a headline loss of $89-million in the first half of 2017. Headline earnings a share for the six months under review are expected to be between... 

Endeavour on track to meet full-year production, cost guidance

By: Simone Liedtke     1st August 2018 TSX-listed Endeavour Mining produced 147 000 oz of gold in the second quarter, taking output for the first half of the year to 299 000 oz. The gold miner on Wednesday reported that it is on track to meet its full-year guidance of between 555 000 oz and 590 000 oz. 

Agnico Eagle improves 2018 guidance, sees ‘enormous’ potential in Nunavut

By: Mariaan Webb     26th July 2018 Canadian gold major Agnico Eagle Mines has added 50 000 oz to its gold production guidance for 2018, after a strong operational performance from its mines during the June quarter. The NYSE- and TSX-listed miner, which operates in Canada, Finland and Mexico, increased its guidance to 1.58-million... 

The total cost of ownership of an AODD pump

By: Creamer Media Reporter      26th July 2018 Air operated double diaphragm pumps are found in a huge number of applications in the mining industry. Their attractive total cost of ownership is one of their key advantages. AODD pumps are excellent all-round pumps for the mining industry, performing a range of applications from the transfer of... 

Rainbow targeting production rate increase to 5 000 t/y by end-2018

By: Simone Liedtke     24th July 2018 LSE-listed rare earth element mining company Rainbow Rare Earths is targeting a production rate of about 400 t/m, or 5 000 t/y, for its Gakara project, based in Burundi, by the end of this year. According to CEO Martin Eales, the 180% year-on-year increase in tonnes of concentrate sold in the... 

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. 

Mountain Province says Gahcho Kué JV continues to perform well

By: Creamer Media Reporter      19th July 2018 The Gahcho Kué diamond mine that Canadian miner Mountain Province owns in partnership with Anglo America’s De Beers has recovered 1.93-million carats at an average grade of 2.15 c/t in the second quarter of the year, setting a new quarterly record and delivering a 20% year-on-year production... 

Kumba lowers FY sales, production guidance

By: Marleny Arnoldi     19th July 2018 JSE-listed Kumba Iron Ore is working closely with State-owned freight utility Transnet to secure the delivery of the contractual capacity and to mitigate derailments that affected the company’s export sales in the second quarter of the year. The company’s export sales increased by only 1% to... 

Major Beadell shakeup targets $100m cost savings

By: Esmarie Swanepoel     16th July 2018 Gold miner Beadell Resources has implemented major management changes and cost reductions at its Tucano mine, in Brazil, that could save more than $100-million. CEO and MD Simon Jackson and COO Peter Holmes will step down from their current positions, with Dr Nicole Adshead-Bell taking over as... 

Mining pursuing optimisation, innovation to increase profits

By: Erin Steenhoff-Snethlage     13th July 2018 Sandton-based chemical reagent supplier and distributor Axis House believes mining in Africa is moving towards process optimisation through innovation to reduce costs and increase profits, explains Axis House group general manager Justine Stubbs. “Mines are optimising various processes to achieve... 

Record gold production at Jaguar’s Pilar mine during Q2

By: Marleny Arnoldi     12th July 2018 TSX-listed Jaguar Mining produced 18 819 oz of gold during the quarter ended June 30, including record output from the Pilar gold mine, in Brazil.  

Indonesia to pay $3.85bn for majority stake in Freeport's Grasberg copper mine

By: Reuters     12th July 2018 Indonesia on Thursday struck an agreement with Freeport-McMoRan and Rio Tinto to buy a controlling stake in the world's second-biggest copper mine via a series of transactions valued at $3.85-billion. The heads of agreement establishes a structure for Indonesia, through its state-owned mining... 

Indonesia reaches preliminary deal with Freeport on Grasberg

By: Bloomberg     12th July 2018 Indonesia has struck an “initial agreement” to take majority ownership of Freeport-McMoRan’s giant Grasberg copper and gold mine, President Joko Widodo told reporters in Jakarta on Thursday. State-owned PT Indonesia Asahan Aluminium, also known as Inalum, will end up with a 51% stake,... 

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... 

Magnum finds viability in Gravelotte re-establishment with 46 ct/t grade

By: Marleny Arnoldi     9th July 2018 ASX-listed Magnum Mining’s Phase 1 trial mining campaign at Gravelotte, in South Africa’s Limpopo province, has delivered more than 11 700 ct of emeralds to date, which were recovered from the treatment of 256 t of dump material, at an average grade of 46 ct/t.  

Stornoway says Renard set for higher processing, carat recoveries in H2

By: Mariaan Webb     6th July 2018 The Renard diamond mine, in Quebec, has fully transitioned to underground mining, its new ore sorting plant is operational and the mine is now set for higher processing rates, grades and carat recoveries in the second half of the year. The transition from openpit operations and the completion of... 

Leading Edge plans demonstration plant at Swedish mine

By: Mariaan Webb     6th July 2018 A busy two quarters are ahead for Vancouver-based Leading Edge Materials at the dormant Swedish graphite mine that it is preparing to bring back to life. On Thursday, the company published an update of plans for its Woxna mine, detailing the strategic research activities that are under way as it... 

Yauricocha mine, Peru

By: Thabi Madiba     6th July 2018 A silver/lead/zinc/copper/gold mine located in the Alis district, Yauyos province, in the Department of Lima, Peru. 

Vedanta starts commissioning activities at Gamsberg

By: Simone Liedtke     5th July 2018 Diversified mining company Vedanta Resources’ subsidiary Vedanta Zinc International (VZI) has started commissioning activities at its Gamsberg project, a greenfield mining project in the Northern Cape. Waste pre-stripping was completed by the end of June and ore production has started. 

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... 

Indonesia extends permit for giant Freeport copper mine as talks continue

By: Reuters     4th July 2018 Indonesia has extended a temporary operating permit for Freeport McMoRan's Grasberg project, the world's second-biggest copper mine, until the end of the month while discussions continue over long-term rights. Freeport's local unit, PT Freeport Indonesia (PTFI), has been given a temporary... 

Newmont adds higher grade, lower cost ounces at Twin Creeks

By: Creamer Media Reporter      4th July 2018 NYSE-listed gold major Newmont Mining has achieved commercial production at its Twin Creeks underground expansion project, adding higher grade, lower cost gold production at its Twin Creeks operation, in Nevada. The Twin Creeks underground mine will add between 30 000 oz/y and 40 000 oz/y at... 

Newmont Declares Commercial Production at Twin Creeks Underground in Nevada

3rd July 2018 Newmont Mining Corporation (Newmont or the Company) has achieved commercial production at its Twin Creeks Underground expansion project, adding higher-grade, lower-cost gold production at its Twin Creeks operation in Nevada. The project was completed on schedule for $42 million, slightly below... 

Drone tech first for Kumba Iron Ore a ‘game changer’ at Sishen mine

By: Marleny Arnoldi     3rd July 2018 Diversified miner Anglo American subsidiary Kumba Iron Ore has worked through two years of complex legal, governance and logistical challenges to earn an operating licence to fly its own remote aircraft systems, or drones, which have already become a ‘game changer’ at its Sishen mine, near Kathu,... 

Feasibility study on Western Cape rare earths mine to be completed in 6 to 12 months

By: Anine Kilian     29th June 2018 The Steenkampskraal rare earths mine, owned by developer Steenkampskraal Holdings, in the Western Cape, is aiming to be a building block in a global rare earths supply chain independent of China. Manufacturers globally are expressing concern over China’s dominance of these strategic elements,... 

Feasibility study on Western Cape rare earths mine to be completed in 6 to 12 months

By: Anine Kilian     29th June 2018 The Steenkampskraal rare earths mine, owned by developer Steenkampskraal Holdings, in the Western Cape, is aiming to be a building block in a global rare earths supply chain independent of China. Manufacturers globally are expressing concern over China’s dominance of these strategic elements,... 

Cradle Arc’s acceleration plan at Mowana copper mine starts bearing fruit

By: Marleny Arnoldi     26th June 2018 Aim-listed copper and gold miner Cradle Arc expects to produce at least 5 700 t of contained copper at its Mowana copper mine, in Botswana, in the second half of this year.  

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