R/€ = 14.08 Change: 0.01
R/$ = 13.12 Change: 0.03
Au 1284.55 $/oz Change: -2.09
Pt 972.50 $/oz Change: -3.50

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Universal posts record sales

By: Esmarie Swanepoel     21st April 2017 South Africa-focused coal miner Universal Coal has reported record sales and record operating cash flows during the three months to March, despite an 11% drop in production. Run-of-mine coal production for the quarter fell to 905 000 t, from 1.02-million tonnes in the December quarter, with... 

Universal posts record sales

South Africa's Sibanye declares war on illegal gold miners

By: Reuters     21st April 2017 Illegal gold mining has plagued South Africa's mining companies for decades, robbing the industry and state coffers of billions of rand through smalltime pilfering as well as networks run by organised crime. Now, with unmined output dwindling and proving more diff cult to extract, one firm has... 

Vedanta's Black Mountain Mining sets up 7-year Esop

By: Megan van Wyngaardt     21st April 2017 Black Mountain Mining (BMM), a subsidiary of LSE-listed Vedanta’s Zinc International business, has established a seven-year employee share ownership plan (Esop), with 6% of BMM’s shares issued to an employee-held trust on April 1. The Esop was established following talks with the National Union... 

Rockwell seeks move to TSX-V listing

By: Megan van Wyngaardt     21st April 2017 Embattled Rockwell Diamonds, which earlier this week filed for business rescue, on Friday said it would seek to move its listing from the TSX to the TSX-V, owing to its current market capitalisation. The company said its shares on the TSX and JSE would remain halted while there remains... 

DMR to brief Western Cape communities on shale gas development

By: Megan van Wyngaardt     21st April 2017 Mineral Resources Deputy Minister Godfrey Oliphant will on Tuesday host an information-sharing session with interested and affected communities and organisations in the Western Cape on the potential of shale gas development through hydraulic fracturing, or fracking. The Deputy Minister will... 

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

Strongbow’s South Crofty to revive age-old tin mining tradition in Cornwall 

By: Henry Lazenby     21st April 2017 Bolstered by strengthening tin prices and improving fundamental support in the long term, Canadian mineral exploration firm Strongbow Exploration is set to revive a mining tradition in England’s county of Cornwall, that reaches back thousands of years to the early Bronze Age. The company’s... 

Strongbow president and CEO Richard Williams discusses the prospect of reviving a Bronze Age mining tradition in Cornwall. Video: Henry Lazenby; Editing: Lionel da Silva.

Diamond miners have India in sight with Real is Rare slogan

By: Reuters     21st April 2017 The world's top diamond producers will try to spur demand in India with the launch of their "Real is Rare" slogan in September, after the withdrawal of high-value bank notes dented the world's third biggest diamond market. The marketing slogan was launched in the United States in 2016 by the... 

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... 

Kal Tire buys Tyre Corporation’s South African operations

By: Megan van Wyngaardt     21st April 2017 North American company Kal Tire’s Mining Tire Group has acquired Tyre Corporation, expanding its footprint in South Africa, with 800 team members across 80 mine sites. “Tyre Corporation is a recognised market leader in underground mining tyre services and sales and we are excited to bring their... 

Bluejay focuses on starting Pituffik operations next year

By: Megan van Wyngaardt     21st April 2017 Aim-listed Bluejay Mining has established Dundas Titanium, a Greenlandic domiciled subsidiary, to operate its Pituffik titanium project, in Greenland. “The subsidiary was created to facilitate the permitting process, which will culminate in the lodging of the exploitation application later in... 

BMI expects gradual price recovery for industrial metals

By: Megan van Wyngaardt     21st April 2017 Since bottoming out in early 2016 and staging an impressive, albeit largely speculative, rally over the past year and a half, industrial metals will experience a gradual price recovery over the coming years, as improving fundamentals support a stabilisation, rather than rebound, in prices,... 

Tin industry to begin reporting on supply chain standards – ITRI

By: Reuters     21st April 2017 Major tin producers have agreed to begin reporting on compliance with a new code of conduct starting from third-quarter 2017, an industry body said, seeking to boost supply chain credentials ahead of new European rules on responsible sourcing of ore. Ten producers have signed up to the code,... 

Mining Weekly iPhone and Android Apps available for free download 

     21st April 2017 Creamer Media’s readers continue to be part of the mobile revolution.  Over 20% of Creamer Media’s online readers view the websites on their mobile devices. To cater for this growing mobile readership Creamer Media offers a app for iPhone and Android users.  These apps offer... 

Mining Weekly iPhone and Android Apps available for free download

Trump's infrastructure plan a boon for iron-ore, says Australia's Cormann

By: Bloomberg     Updated 1 hour 19 minutes ago US President Donald Trump’s plan to upgrade the nation’s roads, ports and bridges will drive demand for steel and support iron ore prices, Australia’s Finance Minister Mathias Cormann said. “The US and the Trump administration has put out a very ambitious infrastructure investment program" and... 

Trump's infrastructure plan a boon for iron-ore, says Australia's Cormann

Freeport collects export permit after Pence visit

By: Reuters     Updated 1 hour 27 minutes ago Freeport McMoRan collected a permit to resume copper exports from Indonesia on Friday after a hiatus of more than three months, hours after a state visit by US Vice President Mike Pence, who discussed the copper miner's dispute with Jakarta. Indonesia's Trade Ministry issued Freeport with a... 

Freeport collects export permit after Pence visit
US Vice President Mike Pence and Indonesian President Joko Widodo

Chamberlain chosen as LME chief with mandate to reform

By: Reuters     22nd April 2017 Matt Chamberlain was named London Metal Exchange (LME) chief executive on Friday, with a mandate from its owner the Hong Kong bourse to reform the world's largest and oldest metals market. Chamberlain, 35, had been acting CEO since January, when a combination of falling trading volumes and a... 

Argentina mulls $500m safety plan for Barrick's Veladero mine

By: Reuters     22nd April 2017 Barrick Gold and its new Chinese partner presented a $500-million plan on Friday to make safety and environmental improvements to the Veladero gold mine, in Argentina, after a third cyanide spill in 18 months, a company executive said. Argentina told Barrick earlier this month it had to overhaul... 

Conflict-free cobalt to remain industry question, opportunity as DRC dominates supply

By: Henry Lazenby     22nd April 2017 Sourcing conflict-free cobalt for application in new technologies, such as lithium-ion batteries, will remain both a concern and an opportunity for manufacturers for years to come, as production is dominated by the politically unstable Democratic Republic of Congo (DRC). The Central African... 

Strengthening fundamentals continue to bolster ‘new age’ metals outlook

By: Henry Lazenby     22nd April 2017 ‘Big money’ investors are increasingly looking to invest in the relatively small ‘new-age metals’ space, comprising metals such as lithium, graphite and cobalt, as strengthening fundamentals for these minerals and an unprecedented high-impact investment opportunity draw the potential for bonanza... 

Strengthening fundamentals continue to bolster ‘new age’ metals outlook

AfDB to review development of Senegalese power plant after complaints

By: Megan van Wyngaardt     21st April 2017 The African Development Bank (AfDB) will review compliance eligibility at the €206-million, 125 MW Sendou coal-fired power plant project, in Senegal, following several community complaints. Two groups raised eight similar issues with the bank, including an unviable government policy option to use... 

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... 

Reservations expressed about India’s proposed rules for commercial coal mining auctions

By: Ajoy K Das     21st April 2017 As the government readies to open commercial coal mining to private miners for the first time since 1973, prospective private investors have raised reservations about the terms and conditions laid down by the Coal Ministry. According to minutes of a meeting between the Coal Ministry and... 

Oz hikes Carrapateena budget to A$90m

By: Esmarie Swanepoel     21st April 2017 Copper and gold miner Oz Minerals has further cemented its plans for the Carrapateena copper/gold project, in Western Australia, increasing the project’s current budget to A$90-million. At the end of March, some A$53-million had already been spent, with a further A$37-million to be spent on... 

Maximus signs toll treatment agreement

By: Esmarie Swanepoel     21st April 2017 Gold developer Maximus Resources has signed a cornerstone toll treatment agreement over its Burbanks treatment plant, in Western Australia, starting in the first half of 2017. The company said on Friday that third parties would supply gold ore to the Burbanks run-of-mine ore pad for processing... 

Silver Lake's sales increase in March quarter

By: Esmarie Swanepoel     21st April 2017 ASX-listed gold miner Silver Lake Resources has seen a 17% increase in gold sales during the March quarter, as the Mount Monger operations, in Western Australia, continued to deliver at a steady pace, despite wet weather conditions. “Despite weather interruptions to the Majestic openpit, Mount... 

Las Bambas proves a winner for MMG

By: Esmarie Swanepoel     21st April 2017 The Las Bambas operation, in Peru, has set a new copper production record for base metals miner MMG, with production in the March quarter reaching 111 314 t. The March quarter production was a 6% improvement on the fourth quarter of 2016, and has delivered its third consecutive quarter of... 

Millennium to meet FY targets, despite wet weather

By: Esmarie Swanepoel     21st April 2017 Gold miner Millennium Minerals is on track to meet its full-year production guidance despite falling 3 500 oz short of its production target in the March quarter. The ASX-listed company on Friday said that gold production during the three months to March declined to 16 543 oz, after 23 days of... 

BHP announces Qld coal investment

By: Esmarie Swanepoel     21st April 2017 Mining giant BHP Billiton and its coal joint venture (JV) partner Mitsubishi have approved a $204-million investment in the Caval Ridge Southern Circuit (CRSC) project, in central Queensland. The project will create up to 400 new construction jobs and will require 200 ongoing operational roles. 

BHP announces Qld coal investment

Pence discusses barriers to US companies with Indonesian President

By: Reuters     21st April 2017 US Vice President Mike Pence said on Friday he discussed with Indonesian President Joko Widodo barriers to US companies operating in Southeast Asia's largest economy. Pence arrived in Jakarta late on Wednesday to boost a strategic partnership between the world's second- and third-largest... 

Newmont reveals Ahafo underground mine, mill expansion plans to lift output 50%

By: Henry Lazenby     21st April 2017 US-based gold major Newmont Mining has announced investment plans to the value of $380-million for a new underground mine and a 50% plant expansion at the Ahafo mine, in Ghana. The Subika underground mine is projected to produce 1.8-million ounces of gold over an 11-year mine life, and features... 

Newmont reveals Ahafo underground mine, mill expansion plans to lift output 50%
Photo by Newmont Mining
The Ahafo mill expansion, in Ghana, will increase mill capacity to nearly ten-million tonnes

BC’s mineral exploration and mining industry launch ‘Vote Mining’ campaign

By: Creamer Media Reporter      21st April 2017 As the British Columbia provincial election nears on May 9, the Mining Association of British Columbia (MABC), the Association for Mineral Exploration (AME), and Mining Suppliers Association of British Columbia (MSABC) launched the ‘Vote Mining’ campaign on Thursday, to raise awareness about the... 

US weekly coal output rises

By: Henry Lazenby     21st April 2017 Analysis by the US Energy Information Administration (EIA) points to the country’s coal output rising 40% year-on-year to about 14.9-million short tons in the week ended April 15. The production estimate, issued on Thursday, was about 8.5% higher week-on-week. 

Despite adverse weather, Vale reports Q1 iron-ore record

By: Henry Lazenby     21st April 2017 The world’s largest iron-ore producer Vale has lifted production of the steel-making ingredient to a new record high in the first quarter ended March, touching 86.2-million tonnes despite inclement weather. The diversified miner boosted iron-ore output by 11.2% over the comparable quarter of... 

Despite adverse weather, Vale reports Q1 iron-ore record

OceanaGold says El Salvador freezing its assets lacks legal basis

By: Reuters     21st April 2017 Australian-Canadian miner OceanaGold said on Thursday that El Salvador has no legal basis for restricting its unit in the Central American country while it evaluates next steps in a dispute over extraction rights. El Salvador said this week that it had frozen OceanaGold's bank accounts and... 

Ex-Arconic CEO targeted Elliott founder's alleged World Cup antics

By: Reuters     21st April 2017 The letter by Arconic CEO Klaus Kleinfeld that led to his resignation earlier this week focused on the alleged behaviour of Paul Singer, founder of $33-billion hedge fund Elliott Management, at the 2006 World Cup in Berlin. Elliott, which had launched a proxy battle against the specialty metal... 

Afarak Mogale to increase ferrochrome production

By: Anine Kilian     20th April 2017 Aim-listed Afarak’s Mogale operation is now using all its operating furnaces to produce ferrochrome following the successful transition of a second furnace from silicomanganese to ferrochrome.  Prior to December 2016, Mogale only had one furnace dedicated to ferrochrome.  Owing to improved market... 

Alrosa reduces diamond inventory, new CEO meets clients

By: Reuters     20th April 2017 Russian diamond miner Alrosa reduced its inventory sharply in the first quarter but kept its 2017 production forecast unchanged, the company said on Thursday, as its chief executive met clients to discuss the new contract period. The state-controlled Russian firm is the world's largest producer... 

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