R/€ = 15.03 Change: 0.01
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Au 1326.96 $/oz Change: -8.43
Pt 998.50 $/oz Change: -1.47

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BHP second-quarter iron-ore output up 3%, maintains forecast

By: Reuters     18th January 2018 Global miner BHP on Thursday reported a 3% rise in second-quarter iron-ore production year over year and said it expects to meet its full-year target as prices for the steelmaking ingredient outperform forecasts. BHP's iron-ore output climbed to 72-million tonnes for the three months ended... 

BHP second-quarter iron-ore output up 3%, maintains forecast

De Beers diamond venture to lay off at least 130 in Namibia – union

By: Reuters     Updated 1 hour 59 minutes ago Namdeb, a joint venture between Namibia's government and Anglo American's diamond unit De Beers, is expected to lay off at least 130 of its 1,700-strong workforce, a union official said on Wednesday. Shavuka Mbidhi, from the Mineworkers Union of Namibia's Oranjemund branch, said the diamond miner... 

Mali annual gold production up 5% to 49.6 t

By: Reuters     Updated 2 hours 2 minutes ago Industrial gold production in Mali rose to 49.6 t in 2017, up 5% from the previous year, a senior Mines Ministry official said on Wednesday. The figure beat the 46.9 t that Africa's third-largest producer managed in 2016 and was well ahead a forecast of 45 t that the government had given half way... 

WoodMac urges automakers to ‘get out their chequebooks’, secure energy metal supplies

By: Henry Lazenby     17th January 2018 Auto manufacturers are ramping up strategies to cash in on the accelerating worldwide acceptance and demand for electric vehicles (EVs), prompting advice from research and consultancy group Wood Mackenzie for automakers to ‘get out their chequebooks’ and take stakes in mines or new mine projects... 

WoodMac urges automakers to ‘get out their chequebooks’, secure energy metal supplies

Vale could be 'natural' owner for Samarco, in talks with BHP

By: Reuters     17th January 2018 Brazil's Vale is in talks with BHP Billiton on options for their joint venture Samarco, and it may be easier for Vale to resolve that miner's problems as sole owner, a director of the Brazilian mining company said on Wednesday. "Maybe Vale would be a natural owner of Samarco, maybe it could make... 

South32 boasts record manganese, aluminium production in December quarter

By: Megan van Wyngaardt     17th January 2018 Triple-listed diversified miner South32 on Wednesday reported that, while it had achieved its guidance for all its operations during the three months to December 31, its South African manganese operations, in particular, exceeded expectations, owing to strong market demand. Saleable ore... 

South32 boasts record manganese, aluminium production in December quarter
Photo by Bloomberg
South32 CEO Graham Kerr

Marathon mineral rights tangle goes to Constitutional Court

By: Martin Creamer     17th January 2018 The Constitutional Court of South Africa is being asked to pronounce on a marathon mineral rights entanglement that lower courts have failed to resolve. What the High Court proclaimed, the Supreme Court of Appeal overturned, and now Chinese subsidiary company Aquila Steel has applied to the... 

Marathon mineral rights tangle goes to Constitutional Court
Mineral rights case before Constitutional Court

DRA expands Asia-Pacific footprint

By: Martin Creamer     17th January 2018 Global engineering, project delivery, contract operations specialist and asset management group DRA’s acquisition of Perth-based Minnovo expands its Australian footprint and adds depth to its metallurgical, engineering, procurement, project management, construction and commissioning capabilities... 

DRA expands Asia-Pacific footprint
Photo by Duane Daws
DRA CEO Wray Carvelas

Gruyere construction nearly one-third complete

By: Creamer Media Reporter      Updated 6 minutes ago The Gruyere gold project, which Australian junior Gold Road and South African major Gold Fields are building in a 50:50 joint venture near Laverton, Western Australia, is advancing according to schedule. With early works at Gruyere having started in December 2016, construction has now been in... 

New shaft key to transforming Kirkland Lake into 1Moz/y producer

By: Mariaan Webb     Updated 29 minutes ago Gold miner Kirkland Lake has set its sights on producing one-million ounces a year in the next five to seven years, a target which is built on transforming the Fosterville and Macassa mines into 400 000 oz/y producers. At Fosterville, in Australia’s Victoria, Kirkland Lake is aiming to achieve... 

New shaft key to transforming Kirkland Lake into 1Moz/y producer

Tracking Europe's waste: 'There's gold in them landfills'

By: Reuters     Updated 1 hour 57 minutes ago Some of Europe's richest deposits of valuable materials are in the trash, ranging from gold in smartphones to cobalt in electric car batteries, according to a survey of urban mining published on Wednesday. Scrap vehicles, batteries, computers, fridges and other electronic and electrical waste... 

Tracking Europe's waste: 'There's gold in them landfills'

Argentina energy producer Genneia weighs IPO

By: Reuters     18th January 2018 Argentine thermal and renewable energy producer Genneia will consider an initial public offering on the local or international stock market, the company said in a letter to the Buenos Aires stock exchange on Wednesday. The proposal will be discussed at a shareholders meeting on February 7, said... 

Chile's Corfo, SQM strike deal in lithium dispute

By: Reuters     18th January 2018 Chilean development agency Corfo said on Wednesday that it had struck a deal with lithium company SQM, ending a long dispute over royalties in Chile's Salar de Atacama, home to one of the world's richest lithium deposits. The deal frees the miner to apply for an increase in its production quota... 

Output at Chile's Escondida copper mine falls 7.8% in 2017

By: Reuters     18th January 2018 Output at BHP Billiton's Escondida mine, in Chile, the largest copper mine in the world, fell 7.8% in 2017 compared to the prior year due to a prolonged strike, the company said in a statement on Wednesday. The decline to 903 000 t came despite the start of operations at a new wing. 

Canadian miners welcome new federal business ethics ombudsman

By: Henry Lazenby     18th January 2018 Canada’s Liberal government has introduced a new federally mandated Ombudsman for Responsible Enterprise (CORE) to investigate human rights complaints about the overseas operations of Canadian companies. The watchdog will investigate complaints, and if warranted, make recommendations to remedy... 

Canadian miners welcome new federal business ethics ombudsman

IronRidge expands Ghana lithium prospects

By: Anine Kilian     17th January 2018 Aim-listed IronRidge Resources has further expanded its lithium interests in Ghana, with the acquisition of a highly prospective pegmatite tenure adjacent to its Ewoyaa prospect. The company entered conditional and binding terms with wholly owned Ghanaian company Joy Transporters, providing... 

AfriTin marks progress at Uis mine

By: Natasha Odendaal     17th January 2018 Aim-listed tin miner AfriTin Mining has acquired the entire front-end crushing component for the processing circuit of the Phase 1 processing plant at the company’s Uis tin mine, in Namibia. The equipment includes a jaw crusher, three cone crushers, stacking and conveying equipment and an... 

Firestone Diamonds revises Liqhobong mine plan to yield better results

By: Megan van Wyngaardt     17th January 2018 Aim-listed Firestone Diamonds, which sold 156 942 ct of diamonds recovered at its Liqhobong mine, in Lesotho, in the quarter ended December 31, has adopted a revised mine plan to increase cash flow in the short term, while resolving issues that affect the value of recovered diamonds. Diamonds... 

Lucapa’s Angola mine delivers its second 100-ct diamond for 2018

By: Megan van Wyngaardt     17th January 2018 Australia-based miner Lucapa Diamond Company is starting the year off on a high note, announcing on Wednesday that it had recovered another 100-ct plus stone at its Lulo project, in Angola. The 116 ct low-quality diamond is the second 100-ct plus stone recovered in the first three weeks of the... 

India resumes oil and gas block auctions after eight-year hiatus

By: Ajoy K Das     17th January 2018 India will on Thursday hold its first oil and gas auction in eight years, with 55 blocks up for grabs. The auction will also mark the first time that such assets will be allocated under the newly framed Open Acreage Licensing Program (OALP). 

Eskom inquiry to hear testimony from Singh, Koko next week

By: African News Agency      17th January 2018 The parliamentary inquiry into alleged corruption at Eskom will resume next week with testimony from suspended chief financial officer Anoj Singh and former acting chief executive Matshela Koko, the chairperson of the public enterprises committee Zukiswa Rantho said on Wednesday. "The Committee... 

Acacia completes sale of royalty over Burkina Faso mine

By: Megan van Wyngaardt     17th January 2018 Embattled gold miner Acacia Mining has completed the sale of an existing 2% net smelter royalty over the Houndé mine, in Burkina Faso, for $45-million. The LSE-listed company in December said it was selling the royalty to Canadian miner Sandstorm Gold after its three producing gold mines in... 

Acacia completes sale of royalty over Burkina Faso mine
Photo by Sandstorm Gold
Sandstorm Gold CEO Nolan Watson

Universal over delivers on earnings guidance

By: Natasha Odendaal     17th January 2018 ASX-listed Universal Coal has achieved record earnings and production for the six months ended December 2017. The company, which operates coal mines in South Africa’s Mpumalanga province, surpassed its group earnings before interest, tax, depreciation and amortisation (Ebitda) by 33%, reaching... 

Georgian Mining appoints COO to its board

By: Creamer Media Reporter      17th January 2018 Copper/gold company Georgian Mining has appointed its COO, Michael Struthers, to the board of directors with immediate effect. He is replacing Martyn Churchouse, who is stepping down as exploration director, but will continue to work on behalf of the company as a senior adviser focused on... 

Zim govt flags Prospect’s lithium project as priority

By: Natasha Odendaal     17th January 2018 ASX-listed Prospect Resources’ flagship lithium deposit has been identified as a priority mining development by Zimbabwe’s Office of the President and Cabinet. The Arcadia lithium project has been selected following the new Zimbabwean government’s directive that the Ministry of Mines and Mining... 

Tribunal approves sale of Maseve mine to Royal Bafokeng

By: Anine Kilian     17th January 2018 The South African Competition Tribunal has approved the sale of TSX-listed Platinum Group Metals’ (PTM’s) Maseve Investment to Royal Bafokeng Platinum (RBPlat). The first step of the $74-million deal is under way and will see RBPlat pay an initial $58-million in cash to acquire the concentrator... 

Centerra to earn into Erris Resources’ Sweden project

By: Mariaan Webb     17th January 2018 Canadian mid-tier mining company Centerra Gold has elected to earn into zinc and gold junior Erris Resources’ Brännberg gold project, in northern Sweden, with a $1-million investment. Erris, which was admitted to trading on the Aim at the end of last year, said on Wednesday that Centerra would... 

Centerra to earn into Erris Resources’ Sweden project

OZ takes advantage of higher copper price, lifts 2018 guidance

By: Megan van Wyngaardt     17th January 2018 ASX-listed OZ Minerals has marked 2017 as a year of strong production and financial performance, with the miner reporting on Wednesday that it had achieved its copper production guidance for the third consecutive year, and that it had exceeded its gold guidance. Noting that it had made... 

OZ takes advantage of higher copper price, lifts 2018 guidance
The Prominent Hill mine, in Southern Australia.

BMG secures option over four Bulgarian exploration projects

By: Natasha Odendaal     17th January 2018 ASX-listed BMG Resources has secured the rights to acquire call options for 100% of four Bulgarian gold and polymetallic minerals development and exploration projects. These project include the Trun, Babyak, Srebren and Zidarova/Varshilo projects – a mix of advanced and prospective exploration... 

Global Geoscience appoints Amec for US lithium project study

By: Creamer Media Reporter      17th January 2018 Australia-based lithium/boron mine developer Global Geoscience has selected Amec Foster Wheeler as the engineering and design firm to complete the prefeasibility study (PFS) for the Rhyolite Ridge project in the US. Announcing the appointment on Wednesday, Global Geoscience MD Bernard Rowe said... 

Saracen’s December quarter underpins financial performance

By: Natasha Odendaal     17th January 2018 JOHANNESBURG ( – ASX-listed Saracen Mineral on Wednesday reported a solid December quarter performance, with production and costs ahead of the yearly guidance and a strong free cashflow that underpinned a growing bank balance. The company produced 77 522 oz at an all-in... 

Key appointments at WA rare earths project

By: Mariaan Webb     17th January 2018 Several key appointments have been made at the Browns Range heavy rare earth project, in Western Australia, including that of a general manager (GM). Metallurgist Tony Hadley has been appointed GM for the Browns Range project, starting in mid-February, ASX-listed Northern Minerals announced on... 

Anglo Asian's Azerbaijan gold output fell 1.2% in 2017

By: Reuters     17th January 2018 Azerbaijan's top gold producer, Anglo Asian Mining, said on Tuesday its yearly output had fallen 1.2% in 2017 to 71 461 oz, still within its target range of 64 000 to 72,000 ounces. The London-listed firm said copper production rose 2.6% to 1 991 t, and silver output rose 4.7% to 172 853 oz. 

Palladium risks tripping up as prices stampede higher

By: Reuters     17th January 2018 Palladium, the hottest property in the precious metals deck last year, is tipped for a record performance in 2018 even among bearish forecasters, but the metal could become a victim of its own success. The prospect of sharply higher prices could well prompt substitution of the metal for cheaper... 

Gold losses in years past keep producers from buying more mines

By: Bloomberg     17th January 2018 Stung by some lousy investments that led to billions of dollars in losses a few years ago, the world’s major gold producers have cut way back on mining deals – even as metal prices posted their biggest rally since 2010. The value of the industry’s transactions, from acquisitions to... 

GoldMining lifts global resource estimate with a million indicated ounces from Crucero

By: Henry Lazenby     17th January 2018 Americas-focused project developer GoldMining Inc has reported a new Canadian National Instrument 43-101-compliant resource estimate for its newly acquired Crucero project, in south-eastern Peru, adding about one-million ounces of gold in the indicated category to its global resource profile. The... 

Two top gold miners hit 2017 gold guidance

By: Henry Lazenby     17th January 2018 Two of the world’s largest gold producers by volume have realised their production goals for 2017. Toronto-based Barrick Gold, currently still the world’s largest gold producer by output, on Tuesday announced that preliminary full-year gold output of 5.32-million ounces for 2017 was in line with... 

Two top gold miners hit 2017 gold guidance

Cloud Peak to export US coal to new power plants in Japan

By: Reuters     17th January 2018 US miner Cloud Peak Energy said on Tuesday it will export coal from a Montana mine for 30 to 40 months to two new power plants in Japan with shipments that could start late next year. The coal from Montana's Spring Creek Mine will be carried by rail to Vancouver and then sent by ship for... 

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