R/€ = 14.49 Change: -0.01
R/$ = 11.74 Change: -0.07
Au 1339.51 $/oz Change: -7.57
Pt 1007.00 $/oz Change: -6.11


Ramaphosa should shift to green energy – Greenpeace

By: News24Wire      Updated 7 hours ago Environmental organisation Greenpeace is demanding newly-elected President Cyril Ramaphosa takes urgent action on energy policy in South Africa. Ramaphosa delivered his maiden State of the Nation Address (SoNA) on Friday, when he highlighted economic growth and combating corruption. 

Peru tenders $2bn copper project in first major auction in years

By: Reuters     Updated 7 hours ago Peru will accept bids and award a contract to develop the estimated $2-billion Michiquillay copper mine on Tuesday in the first major auction from the world's No. 2 copper producer in at least a decade. The auction was delayed twice last year, in part due to political turmoil in Peru. The bids... 

Mogalakwena gushes cash as Amplats modernises, studies growth, advances fuel cell 

By: Martin Creamer     19th February 2018 The Mogalakwena platinum mine lived up to its reputation of being the most profitable platinum group metals (PGM) mine on the planet when it gushed cash and elevated a modernising, community supporting, environment protecting, growth studying and fuel-cell marketing Anglo American Platinum... 

Po Valley declares maiden reserve for Teodorico

By: Creamer Media Reporter      19th February 2018 Australia’s Po Valley Energy, which is in the process of selling its Italian operations to Aim-listed Saffron Energy, has declared a maiden 2P reserve of 36.5-billion cubic feet of gas at the Teodorico gasfield, offshore Italy. Teodorico has the largest gas in place of all of Po Valley’s... 

Aussie Exports Test Gear

     19th February 2018 Australian Pump Industries announced a major contract for supply of 500 bar hydrostatic test gear for the Middle East.  Conceived, designed and built at Australian Pump Industry’s 2.5 acre Sydney manufacturing base and headquarters, the big machines were chosen against stiff competition from both... 

Weir Minerals launches Multiflo® RF dewatering pump

     19th February 2018 Weir Minerals announced the expansion of its extensive dewatering solutions portfolio with the global launch of the Multiflo® RF dewatering pump unit.  The new Multiflo® RF range sets the benchmark for dewatering pump units, expertly engineered in a compact package, offering customers a light and... 

US seeks to boost output of 35 minerals, reduce import reliance

By: Reuters     17th February 2018 The United States should boost domestic production of 35 critical minerals including uranium, cobalt and lithium, to reduce its reliance on foreign suppliers, the Interior Department said on Friday. Aluminium and potash are also on the draft list of 35 critical materials used in basic... 

Mines Urged To Dredge Ponds Before Rains Arrive In Earnest

     16th February 2018 With the rainy season approaching in most of South Africa’s mining regions, monitoring the capacity of process water return ponds becomes increasingly critical – to monitor whether silt build-up is jeopardising the dams’ functioning. “Managing the water balance on mines is becoming more demanding... 

S African foundry aims to expand footprint in North America 

By: Donald Makhafola     16th February 2018 The capacity of some aspects of the smelting industry in North America, such as the steel sector, has significantly deteriorated in the past 25 years, as a result of Chinese companies dominating the market and supplying cheaper products, says South Africa-based foundry and engineering company... 

Call to entice investment in Canada’s exploration, mining

By: Donald Makhafola     16th February 2018 Although there was a prolonged downturn from 2012 to 2016 in the global mineral industry, the outlook for exploration financing and expenditures continues to improve. However, while there was a significant recovery globally in 2017, the recovery was only modest in Canada, says industry... 

North America’s mining industry eyeing growth

By: Donald Makhafola     16th February 2018 The North American mining sector is earmarked for growth this year, owing to rising commodity prices, despite challenges, which include rising environmental concerns over water use and water source contamination through mining operations, says advisory firm Deloitte Canada Americas mining leader... 

Pipe for tailings system supplied on schedule 

By: Victor Moolman     16th February 2018 An 840-m-long, high-density polyethylene (HDPE) pipeline was installed in October last year to transport corrosive tailings to a tailings dam at the ore beneficiation plant located close to the underground Morula chrome mine – owned by ferrochrome company Hernic – in Brits, in the North West. 

Golden opportunity, urgent logistics call, platinum to the fore

By: Martin Creamer     16th February 2018 South Africa has an opportnity in gold, investment to revitalise rail and port infrastructure is seen as urgent, there is a strong prediction that the fuel cell will outdo electric vehicles 

DRDGold lifts H1 profit on higher production

By: Megan van Wyngaardt     15th February 2018 Dual-listed gold recovery company DRDGold on Thursday posted a 27% year-on-year increase in operating profit to R219.9-million for the six months ended December  31, on the back of an 11% year-on-year increase in gold production to 75 267 oz. The company, which is working to add... 

Three months to first gold at Dalgaranga project

By: Schalk Burger     15th February 2018 Construction of the Dalgaranga gold project, in Western Australia, is on budget and ahead of schedule with first gold expected in May, ASX-listed gold exploration and development company Gascoyne Resources reported on Thursday. Construction of the 2.5-million-ton-a-year Dalgaranga processing... 

Bar one exception, Canadian gold majors' Q4 headline earnings tread water on lower output

By: Henry Lazenby     15th February 2018 Canada's gold majors reported fourth-quarter and full-year 2017 financial results on Wednesday following market close, with headline earnings coming in flat or lower year-on-year, as companies work with smaller, more streamlined production portfolios. The exception was Goldcorp, which put in a... 

Osisko Mining outlines C$3m work programme for Garrison project; C$100m in QC

By: Henry Lazenby     14th February 2018 Canadian gold project developer Osisko Mining has earmarked C$3-million to be spent on exploration at its Garrison project, in Ontario, in 2018. The work includes a resource estimate that will likely be published in July, infill and exploration drilling, and metallurgical work. 

M&R committed to deliver sub-Saharan power and water prospects as mega-project era draws to close 

By: Creamer Media Reporter      14th February 2018 The Power & Water business platform within JSE-listed engineering and construction group Murray & Roberts (M&R) is beginning to shift its attention from Eskom’s two megascale power station projects, in Limpopo and Mpumalanga respectively, to tackling a range of smaller opportunities in various... 

Mt Ridley acquires Philippines epithermal gold project

By: Schalk Burger     13th February 2018 ASX-listed gold miner Mount Ridley Mines has acquired Singapore-based Prometheus, which owns the rights to the high-grade Diwalwal gold project, on the island of Mindanao, in the Philippines. Mount Ridley will issue about 1.59-billion fully paid ordinary shares in exchange for 100% of the issued... 

Verderflex hoses stand apart from competitors.

     13th February 2018 Verderflex pumps stand apart from their competitors- reliable, innovative, high performance peristaltic pumps that pump difficult products in tough conditions. Verderflex pumps are renowned for providing top-quality solutions to an array of problems, within process industries around the world.... 

MC Mining obtains water-use licence for Vele

By: Natasha Odendaal     13th February 2018 Dual-listed MC Mining has completed the “full regulatory suite” of authorisations required for its Vele colliery, in Limpopo, following the Department of Water and Sanitation’s granting of an integrated water-use licence. The granting of the licence, a year after securing the environmental... 

‘Freak storm’ hits production at Westgold mine

By: Creamer Media Reporter      12th February 2018 Heavy rainfall on Saturday night has halted production at Western Australian miner Westgold Resources’ Central Murchison Gold Project (CMGP), in the Murchison goldfields near Cue and Meekatharra. Nearly 200 mm of rain fell in the region in about two to three hours, forcing the closure of the... 

Iron Plant 1 at Highveld Industrial Park for sale

By: Creamer Media Reporter      9th February 2018 Production at the Highveld Steel complex, in Witbank Mpumalanga was halted after the steel producer, EVRAZ Highveld Steel and Vanadium Limited, was placed into business rescue in April 2015. However, a business strategy was set in motion to convert the steel complex, into the Highveld Industrial... 

African Tantalum sends fourth tantalum shipment to customer

By: Anine Kilian     9th February 2018 African Tantalum (Aftan) has sent the fourth shipment of high-purity tantalum from its Namibia Tantalite Investment mine to a North American tantalum consumer and end-user of tantalum ore. Aftan, which is a subsidiary of Aim-listed Kennedy Ventures, on Friday said it has made significant progress... 

Relief for Cape Town as mining indaba proceeds despite water shortage

By: African News Agency      9th February 2018 The acute water shortage in South Africa’s tourism capital Cape Town almost cost it crucial revenue when the organisers of an annual international mining conference considered scrapping this year's event in the city. But the Investing in African Mining Indaba went ahead this week despite strict... 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

By: Henry Lazenby     9th February 2018 Ottawa on Thursday tabled new legislation to improve the federal environmental assessment process for mining projects. The legislation is aimed at strengthening and restoring the credibility of Canada's environmental laws. 

'Every area of mining ripe for innovation' – Goldcorp

By: Henry Lazenby     9th February 2018 Every conceivable area of mining is in dire need of technological innovation, major miner Goldcorp tells Mining Weekly Online in an interview. "We are not exactly the most advanced industry in the world, and we're slow in adopting new technologies. Every area is ripe for innovation," Goldcorp's... 

PGM prices set to decline in 2018, after initial growth

By: Simone Liedtke     9th February 2018 The price of platinum is projected to rise this year to $1 038/oz, then decline to an average price of $862/oz, with palladium expected to reach a high of $1 168/oz and decline to an average price of $948/oz, forecasts 2017 London Bullion Market Association Survey winner Glyn Stevens. 

Major projects rely on SMEIPP expertise from Tubular

     9th February 2018 Tubular’s expertise, resources and in-house self-sustainable facilities make the company the preferred choice for major capital projects requiring structural steelwork, mechanical, electrical, instrumentation, platework and piping (SMEIPP) solutions. Tubular are specialists in the supply of... 

Abandoned mines punted as potential pumped-storage scheme sites

By: Mia Breytenbach     9th February 2018 Several abandoned mine sites in South Africa and Australia could be sustainably used, particularly in terms of serving as pumped hydro-energy storage sites, says renewable-energy generation and storage provider Genex Power executive director Simon Kidston. Although underground and opencast mine... 

Doornkop mine, South Africa

By: Sheila Barradas     9th February 2018 A gold mine located about 30 km west of Johannesburg, on the northern rim of the Witwatersrand basin. 

Energy from old mines, partnering communities, exploration awakening

By: Martin Creamer     9th February 2018 Abandoned mines sites can be used as pumped-storage powr schemes; a partnership approach can improve vital relations between mines and communities; and te exploration awakening is pleasing. 

Orca Gold gets water use permit for Sudan project

By: Megan van Wyngaardt     8th February 2018 TSX-listed Orca Gold has received an exclusive permit for the exploitation of water from the Area 5 aquifer, first discovered by the company in May 2017, from the government of Sudan. The water permit is a strategic permit in the development of a gold mine on Block 14 and entitles the company to... 

Tanzania lays down the law on local participation in mining sector

By: Anine Kilian     7th February 2018 The mining industry in Tanzania is adopting a wait-and-see approach following the government’s sweeping changes to mining regulations, aimed, in part, at ensuring sovereign ownership of the country’s natural resources. Over the past 12 to 18 months – and as recently as last month – there has been... 

US Army Corps of Engineers selects third-party contractor to complete Pebble EIA

By: Henry Lazenby     6th February 2018 The TSX-listed equity of copper/gold project proponent Northern Dynasty Minerals gained about 11% on Tuesday, after the US Army Corps of Engineers (USACE) announced that it had appointed a third-party contractor to undertake an environmental-impact assessment for the controversial Pebble project,... 

Australian minerals sector contests 'water trigger'

By: Megan van Wyngaardt     6th February 2018 Australian mining's water use, as a share of national consumption, has fallen from 3.9% to 3.7% between 2014/15 and 2015/16, a submission to the Senate Inquiry into water use by the extractives industry has shown. The submission, lodged by the Minerals Council of Australia, New South Wales... 

Lake Wells permitting ‘significantly advanced’ – Australian Potash

By: Mariaan Webb     6th February 2018 The permitting and approvals process for the Lake Wells sulphate of potash (SoP) project, in Western Australia, is well advanced with final Ministerial approval expected in the second half of the year. In an update to shareholders, Australian Potash reported on Tuesday that the project would be... 

Centerra partially restarts Mt Milligan mill

By: Henry Lazenby     5th February 2018 Canadian midtier miner Centerra Gold has partially restarted its Mount Milligan operation, in British Columbia, after unexpectedly cold weather in December caused a water shortage, halting operations. Toronto-based Centerra said in a statement on Monday that the mill is using a single ball mill... 

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