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Chamber of Mines hopes to embark on new era rebranding as Minerals Council South Africa

By: Nadine James     23rd May 2018 The Chamber of Mines has rebranded and is now the Minerals Council South Africa (MCSA) in line with its quest to reposition the sector as South Africa’s  preeminent industrial sector, while building a new legacy and creating a “future that all South African can be proud of,” MCSA president... 

Chamber of Mines hopes to embark on new era rebranding as Minerals Council South Africa
Photo by Dylan Slater
MCSA president Mxolisi Mgojo and Mineral Resources Minister Gwede Mantashe

Mantashe considers invoking ‘use it or lose it’ principle for mines under care and maintenance

By: Nadine James     23rd May 2018 Speaking at the official unveiling of the rebranded Minerals Council South Africa (previously the Chamber of Mines), on Wednesday, Mineral Resources Minister Gwede Mantashe noted that he and the Department of Mineral Resources (DMR) were unenthusiastic, but willing to make use of the 'use it or... 

Mantashe considers invoking ‘use it or lose it’ principle for mines under care and maintenance
Photo by Dylan Slater
Mineral Resources Minister Gwede Mantashe

Gamsberg producing by mid-year – Vedanta

By: Martin Creamer     23rd May 2018 The Gamsberg zinc project in South Africa’s Northern Cape is on track with production expected by the middle of this year, the London-listed, India-rooted Vedanta Resources said on Wednesday, when it reported higher revenue and profits and lifted its dividend yield for the year to 6%. Current... 

Gamsberg producing by mid-year – Vedanta
Photo by Dylan Slater
Vedanta chairperson Anil Agarwal

AngloGold says plans 2 000 job cuts in South Africa

By: Reuters     23rd May 2018 South African gold miner AngloGold Ashanti plans to cut 2 000 jobs at its domestic operations, it said on Wednesday, as part of plans to cut costs. AngloGold employs roughly 8 200 people in South Africa, where mining companies have had to deal with the risk of volatile labour relations, rising... 

Kumba banks on technology investment, exploration to secure its future growth

By: Nadine James     23rd May 2018 Kumba Iron ore is seeking to strengthen its position by integrating and investing in new technologies to optimise performance and recovery, while pursuing value-accretive opportunities, through exploration and diversification, CEO Themba Mkhwanazi told media during a site visit to the Sishen... 

Kumba banks on technology investment, exploration to secure its future growth
Photo by Creamer Media
Kumba Iron Ore has integrated and further invested in new technologies for advanced process control, among others.

AfriTin seeks to raise £5.5m in share placement

By: Marleny Arnoldi     23rd May 2018 Aim-listed tin development company AfriTin Mining hopes to raise £5.5-million in an accelerated bookbuild to fast-track the work programme at its flagship Uis mine, in Namibia.  

AfriTin seeks to raise £5.5m in share placement
Photo by Creamer Media
Terence Goodlace, who has been appointed a nonexecutive director of AfriTin

Botswana court reverses ruling to end Tati Nickel's liquidation

By: Reuters     23rd May 2018 A Botswana court has overturned last month's High Court decision to take Tati Nickel Mine out of provisional liquidation because the earlier ruling did not consider the impact on creditors. Tati, a subsidiary of the liquidated BCL mine group, has been under provisional liquidation since October... 

Newly named Minerals Council South Africa welcomes board members

By: Nadine James     23rd May 2018 Minerals Council South Africa (MCSA) president Mxolisi Mgojo noted that all of the council’s previous office bearers had been re-elected at the 128th annual general meeting. During his address, Mgojo thanked Kalagadi Manganese chairperson Daphne Mashile-Nkosi, who retired from MCSA board duties... 

Fraser-Moleketi, Mphatlane to join Exxaro board

By: Anine Kilian     23rd May 2018 Geraldine Fraser-Moleketi, Mark Moffett and Isaac Mphatlane will join diversified miner Exxaro Resources’ board, following the retirement of directors Len Konar, Con Fauconnier and Saleh Mayet at the miner’s annual general meeting on Thursday. Fraser-Moleketi is a fellow of the Institute of... 

Nordgold reports lower Q1 production, Gross mine construction on track

By: Marleny Arnoldi     23rd May 2018 Aim-listed gold miner Nordgold produced 225 100 gold-equivalent ounces in the first quarter of this year – a 6% year-on-year and 10% quarter-on-quarter decrease.  

Nordgold reports lower Q1 production, Gross mine construction on track
Norgold operates mines in Russia, Kazakhstan and Africa. Pictured here is the Neryungri mine, in Russia.

Coega perfectly poised to participate in lithium-ion battery industry – CDC

By: Simone Liedtke     23rd May 2018 The Coega Special Economic Zone (SEZ) is at an advanced stage of setting up factories that will supply gigawatt factories with manganese, a key ingredient in most lithium-ion batteries. Coega Development Corporation (CDC) business development metallurgic sector manager Sadick Davids says the SEZ... 

Peak gets permission for Teesside plant

By: Esmarie Swanepoel     23rd May 2018 Rare earths developer Peak Resources has been granted planning permission for the Teesside refinery, in the UK by the Redcar and Cleveland Borough Council. The planning permission is the approval required for the construction of the planned rare earth separation plant, with the environmental... 

Forevermark appeals to Millennials with new flagship store in China

By: Marleny Arnoldi     23rd May 2018 De Beers Groups’ Forevermark brand has launched Libert’aime by Forevermark – a new flagship store in Shanghai, China.  

Forevermark appeals to Millennials with new flagship store in China

Schramm appoints HUD as sub-Saharan Africa hammers, bits distributor

By: Marleny Arnoldi     23rd May 2018 Equipment manufacturer Schramm Hammers & Bits has appointed HUD Mining Supplies as its reverse circulation (RC) consumables distributor for sub-Saharan Africa.  

Triton advances vanadium play at Nicanda Hill

By: Esmarie Swanepoel     23rd May 2018 ASX-listed Triton Minerals will fast track studies on the vanadium mineralisation at the Nicanda Hill project, in Mozambique. Triton told shareholders on Wednesday that the company was investigating the opportunity to produce a vanadium concentrate or product from Nicanda Hill, given the... 

Armadale advances Tanzania graphite project

By: Marleny Arnoldi     23rd May 2018 Aim-listed investment company Armadale Capital has rapidly advanced the high-grade Mahenge Liandu graphite project, in Tanzania, during 2017, ahead of an anticipated decision to mine in early 2019.  

Rusal warns on ability to operate from October as CEO quits

By: Bloomberg     Updated 15 minutes ago United Co Rusal’s CEO resigned after less than three months in the role, as the Russian firm warned that trade partners and international lenders could cut ties with the company if US sanctions aren’t lifted after October 23. The world’s biggest aluminum producer outside China also said the... 

Rusal warns on ability to operate from October as CEO quits

Chile high court declines to weigh in on lithium spat at Maricunga

By: Reuters     Updated 3 hours ago Chile's constitutional court said it would not get involved in a dispute between a foreign-backed miner and state-run copper miner Codelco over adjoining lithium deposits in the Maricunga salt flat, according to a court document seen by Reuters on Wednesday. Salar Blanco, 50%-owned by... 

Global copper surplus falls 12.8% to 110 000 t

By: Henry Lazenby     Updated 3 hours ago World refined copper balance for the first two months of 2018 indicates a surplus of about 110 000 t, a 12.8% drop year-over-year, the February report from the International Copper Study Group (ICSG) has found. The Lisbon, Portugal-based think tank said that apparent refined demand increased... 

Optimistic diamond price outlook could underpin a return to profit, dividends – Zimnisky

By: Henry Lazenby     Updated 3 hours ago Absent any significant global economic disturbances disrupting consumer diamond demand, incremental year-over-year diamond production declines are forecast to drive real diamond prices up by about 10% cumulatively from 2018 through 2021, or 17% in nominal terms, a new report by independent... 

Optimistic diamond price outlook could underpin a return to profit, dividends – Zimnisky

Copper shortfall expected – Antofagasta CEO

By: Henry Lazenby     Updated 4 hours ago London-based base metals company Antofagasta said on Wednesday it expects a shortfall of copper to emerge because of the slow rate at which new mines are permitted and built. Antofagasta chairperson Jean-Paul Luksic said at the annual general meeting that the emergence of new sources of copper... 

Advantage Lithium reports six-fold resource upgrade at Cauchari

By: Henry Lazenby     Updated 4 hours ago The TSX-listed equity of explorer Advantage Lithium rose more than 7% on Wednesday after it reported a six-fold resource increase at the Cauchari Joint Venture, in Argentina. The Vancouver-based company reported a three-million tonne inferred resource that comprise the northwest and southeast... 

Advantage Lithium reports six-fold resource upgrade at Cauchari
Photo by Advantage Lithium
Cauchari, Argentina

Euro Sun says Rovina Valley mining licence working its way through Romania govt

By: Henry Lazenby     Updated 5 hours ago TSX-listed project developer Euro Sun Mining reported on Wednesday that the mining licence for its flagship Rovina Valley copper/gold project, in Romania, is working its way through government, with the National Agency for Mineral Resources and the Secretary General of Government having signed... 

Cobalt streaming may presage bigger deals as Vale weighs options

By: Bloomberg     Updated 7 hours ago A streaming deal for cobalt and nickel from a mine in Papua New Guinea may foreshadow other similar arrangements as producers look to capitalise on the battery-commodity boom to raise cash for investments. On Tuesday, Cobalt 27 Capital – a Toronto-listed vehicle designed to invest in the metal –... 

Petropavlovsk mulling over options to avoid IRC missing ICBC payment

By: Creamer Media Reporter      23rd May 2018 Gold miner Petropavlovsk and Hong Kong-based IRC, in which it is a large shareholder, are continuing negotiations with the Industrial and Commercial Bank of China (ICBC) to amend the repayment schedule of a $340-million project finance facility. Petropavlovsk is the guarantor of the project... 

Eurasia’s West Kytlim fully operational

By: Creamer Media Reporter      23rd May 2018 The West Kytlim alluvial platinum mine, in the Ural mountains of Russia, is fully operational and is producing an average of 1.8 kg a day of raw platinum, Aim-listed Eurasia Mining reported on Wednesday. In the first two weeks of production, the mine produced 11.8 kg at a suggested average grade... 

Vedanta working with regulators to restart Indian copper smelter

By: Reuters     23rd May 2018 British mining and energy group Vedanta Resources is working with regulators to expedite restarting its copper smelter in the southern Indian state of Tamil Nadu, it said on Wednesday, a day after protests turned violent at the plant. The company also posted a 27% rise in full-year core profit... 

Indian potash imports to fall this year

By: Ajoy K Das     23rd May 2018 Indian imports of potash during the current financial year are expected to fall by 5% to 6% in the wake of a government cut in subsidies and the rapid depreciation of the local currency. According to government officials in the Agriculture Department monitoring fertiliser demand and availability... 

Chinese newspaper suggests cut imports, downgrade ties with Australia

By: Reuters     23rd May 2018 China should downgrade its ties with Australia, including cutting imports and postponing a visit by Prime Minister Malcolm Turnbull to underscore Beijing's unhappiness at recent anti-China sentiment, a state-run paper said on Wednesday. Relations between the two countries have cooled since late... 

Woodside outlines plans for expanded Scarborough

By: Esmarie Swanepoel     23rd May 2018 Australian oil and gas producer Woodside has increased the forecast capital investment to develop its Scarborough gas field from the previous estimate of between $8.5-billion and $9.5-billion to $11-billion. CEO Peter Coleman told an investor briefing on Wednesday that the increase in expected... 

Aura defines new vanadium zone at Sweden project

By: Mariaan Webb     23rd May 2018 Dual-listed Aura Energy has identified a new high-grade vanadium zone at its Häggån project in Sweden, resulting in an overall mineral resource estimate increase. Resource modelling defined an inferred resource of 15.1-billion pounds at 0.26% of vanadium pentoxide (V2O5), at a cut-off of 0.1%.... 

Australia-EU FTA an opportunity to remove tariffs on resources trade

By: Esmarie Swanepoel     23rd May 2018 The Australian resources sector has welcomed the start of free trade agreement (FTA) negotiations between Australia and the European Union (EU), with the Minerals Council of Australia (MCA) saying it would present a significant opportunity to boost trade, investment and economic engagement... 

NT approves Black Snake mine

By: Esmarie Swanepoel     23rd May 2018 The Northern Territory government has approved the mine management plan for ASX-listed Emmerson Resources’ Black Snake gold mine. The Black Snake mine was one of the small mine developments being undertaken by Emmerson in the Northern Territory. 

Minotaur buys Syndicated copper

By: Esmarie Swanepoel     23rd May 2018 ASX-listed Syndicated Metals has struck a deal with fellow listed Minotaur Exploration to sell its Northern Hub copper exploration tenements in north Queensland. The project area includes nine exploration permits, which will collectively be known as the Highlands project, covering some 776 km2. 

Santos spurns Harbour offer, says own strategy offers more value

By: Esmarie Swanepoel     23rd May 2018 Oil and gas major Santos has rejected the takeover offer from suitor Harbour Energy, telling shareholders on Wednesday that its own strategy would deliver more shareholder value. Harbour earlier this week increased its cash bid for Santos from $4.98 a share previously offered to $5.21 a share. 

Santos spurns Harbour offer, says own strategy offers more value

Chalice moves into battery minerals

By: Esmarie Swanepoel     23rd May 2018 Dual listed gold developer Chalice Gold Mines has extended its reach into the battery metals market, acquiring two vanadium/nickel exploration projects in Queensland and Western Australia. The company told shareholders that it had successfully applied for a suite of exploration licences in the... 

Avanco warns of cuts at Antas

By: Esmarie Swanepoel     23rd May 2018 Copper miner Avanco has warned shareholders that it might scale back operations at its Antas openpit mine, in Brazil, due to a nation-wide truck driver strike. The miner said on Wednesday that a prolonged strike could adversely impact the supply of consumables for mining and processing... 

Kazatomprom delivers uranium to Brazil

By: Creamer Media Reporter      23rd May 2018 The National Atomic Company of Kazakhstan (Kazatomprom) has expanded the sales geography in the world nuclear fuel market, with a contract to sell uranium to Brazil. Kazatomprom said on Wednesday that it had won the bid for the supply of natural uranium concentrates to State-owned nuclear fuel... 

Kazatomprom delivers uranium to Brazil

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