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Diamond output leap helps Anglo

By: Martin Creamer     Updated 2 hours 44 minutes ago A sharp rise in rough diamond production at a time of stable diamond trading conditions has boosted diversified mining company Anglo American in the three months to June 30, when overall production was 8% up on a copper-equivalent basis. Rough diamond production increased by 36% to 8.7 million... 

Diamond output leap helps Anglo
Photo by Duane Daws
Anglo American CEO Mark Cutifani

Amplats own-mine output up, sales down in two-fatality quarter

By: Martin Creamer     Updated 5 hours ago Performance from its own mine operations helped platinum production from Anglo American Platinum (Amplats) to increase in the three months to June 30, but sales volumes fell sharply on technical problems and two mineworkers succumbed to fatal injuries. Full-year production guidance remains... 

South32 reports lower FY production for most commodities

By: Esmarie Swanepoel     Updated 4 hours ago Diversified miner South32 on Thursday reported an increase in production across most of its portfolio for the three months to June, compared with the previous quarter, but its full-year performance was lower for several commodities. The Perth-headquartered group, which operates in Australia and... 

South32 reports lower FY production for most commodities
Graham Kerr

Kumba raises Sishen FY production guidance

By: Creamer Media Reporter      Updated 2 hours 9 minutes ago Kumba Iron Ore has raised the full-year production guidance for its Sishen mine, in the Northern Cape, to 28-million to 29-million tonnes, owing to the solid and consistent performance and ongoing improvements at the mine. The mine produced 7.9-million tonnes of iron-ore in the second quarter of... 

A decade since global financial crisis, diamond industry yet to re-test 2011 summer highs

By: Henry Lazenby     19th July 2017 This year marks ten years since the start of the global financial crisis in 2007, an event that shook global markets to the core and precipitated a changed market landscape for many commodities, including diamonds. With this in mind, independent diamond industry analyst and consultant Paul... 

A decade since global financial crisis, diamond industry yet to re-test 2011 summer highs

Mustang raises A$8.5m from US backer

By: Esmarie Swanepoel     Updated 5 hours ago Ruby miner Mustang Resources has secured A$8.5-millin in funding from US institutional investor Arena Investors under a convertible note facility. The financing will be drawn down in four tranches, with the first A$1.7-million received on the signing of a convertible note deed. A second tranche... 

Caledonia lowers FY17 output target on infrastructure constraints

By: Creamer Media Reporter      Updated 2 hours 30 minutes ago Gold miner Caledonia mining has reduced its full-year production target to between 52 000 oz and 57 000 oz of gold, from the previously targeted 60 000 oz. The company’s Blanket mine, in Zimbabwe, produced 12 522 oz of gold in the quarter ended June 30, compared with the 12 510 oz produced in the... 

Black Iron reinvigorates Ukraine iron-ore project on favourable exchange rate

By: Mariaan Webb     Updated 2 hours 32 minutes ago Canadian explorer and developer Black Iron will develop a new preliminary economic assessment (PEA) for its Shymanivske iron-ore project, in Ukraine, to take into account the favourable exchange rate and a phased development plan. Instead of a 9.9-million-ton-a-year operation, as considered in... 

Black Iron reinvigorates Ukraine iron-ore project on favourable exchange rate

EU court upholds asset freeze on Central African diamond traders

By: Reuters     Updated 3 hours ago An EU court on Thursday upheld the bloc's freeze on the funds of two companies charged with trafficking in conflict diamonds and supporting armed groups in the Central African Republic. In 2015, the European Union decided to block the European assets of Badica, a large diamond trading firm in the... 

Alrosa discovers two large diamonds

By: Mariaan Webb     Updated 4 hours ago Russian diamond major Alrosa has discovered two large diamonds this week, one of which weighs nearly 110 ct and the other a 75 ct stone. The larger of the two diamonds was recovered at the No 3 processing plant of the Mirny mining and processing division on Tuesdsay, and the other diamond was... 

Dalradian surface drilling programme to enhance Curraghinalt project

By: Creamer Media Reporter      Updated 4 hours ago Gold explorer and developer Dalradian Resources has started a 30 000-m surface drilling programme at its Curraghinalt project, in Northern Ireland, as part of its 2017 exploration programme. Five drill rigs were currently operating, the company reported on Thursday. 

Blueprint for Queensland’s North West minerals province welcomed

By: Esmarie Swanepoel     Updated 4 hours ago The Association of Mining and Exploration Companies (AMEC) has welcomed the Queensland government’s release of a blueprint for the North West minerals province, which contains a suite of actions to secure the long-term future of the minerals-rich region. The strategic blueprint leverages... 

Optimised study boosts Savannah project’s output and lowers costs

By: Esmarie Swanepoel     Updated 4 hours ago An optimisation of the feasibility study (FS) for the Savannah base metals project, in Western Australia, has lowered the expected C1 cash and operating costs of the operation, while targeting higher nickel, copper and cobalt output, owner Panoramic reported on Thursday. Compared with a... 

Activist fund Elliott adds potash to list of BHP grievances

By: Reuters     Updated 4 hours ago Activist shareholder Elliott Management said it has deep concerns over a proposal by BHP to enter the currently over-supplied fertiliser market, reiterating its call for change at the mining giant. BHP has signaled it may push ahead with its long-dormant Jansen potash mine in Canada in a... 

Record gold for Evolution

By: Esmarie Swanepoel     Updated 5 hours ago Gold miner Evolution Mining has reported record quarterly gold production during the three months to June, while hitting full-year production targets for the sixth consecutive year. Gold production during the June quarter reached 218 079 oz, which was up from the 202 926 oz produced in the March... 

Santos increases output expectations for 2017

By: Esmarie Swanepoel     Updated 5 hours ago Australian oil and gas major Santos has increased its production and sales expectations for the full 2017, following another strong quarter. The ASX-listed company was now expecting to produce between 57-million and 60-million barrels of oil equivalent during the full 2017, while sales volumes... 

Woodside production falls in June quarter

By: Esmarie Swanepoel     Updated 6 hours ago ASX-listed Woodside Petroleum has reported its second quarter of production decline during the three months to June, despite the Pluto liquefied natural gas (LNG) project delivering record rates. Production during the second quarter ended June reached 20.7-million barrels of oil equivalent,... 

Highlands hands over Star Mountain reins

By: Esmarie Swanepoel     Updated 6 hours ago ASX-listed junior Highlands Pacific has announced its intention to transfer the management of the Star Mountain exploration project, in Papua New Guinea, to joint venture (JV) partner Anglo American after the company spent the required $25-million. Under the JV agreement that was struck in 2015,... 

Isaac Plains delivers strong quarter

By: Esmarie Swanepoel     Updated 6 hours ago Coal miner Stanmore Coal has reported a record June quarter, with production up 59% on the previous quarter. The Isaac Plains mine, in Queensland, produced 564 000 t run-of-mine (ROM) coal during the three months to June, which was up from the 355 000 t produced in the previous quarter. 

Chile approves expansion at BHP's Spence mine – paper

By: Reuters     20th July 2017 Chilean authorities have approved a $2.5-billion expansion of BHP Billiton's Spence copper mine, a local newspaper reported on Wednesday, though the company has not yet decided whether to go ahead with the project. Chile's Environmental Evaluation Service (SEA) has unanimously approved the... 

Peru miners start nationwide strike, govt sees little impact

By: Reuters     20th July 2017 Unionised workers at mines in Peru, the world's second biggest copper producer, started a nationwide strike on Wednesday to protest the government's proposed labour reforms, the head of a federation of mining unions said on Wednesday. Workers at 56 mining unions in the Andean country, including... 

State of emergency in British Columbia extended as wildfires rage

By: Reuters     20th July 2017 British Columbia's government took the unprecedented step on Wednesday of extending a state of emergency by two weeks as it battled 140 wildfires that have forced about 45 000 people from their homes. The province's Premier John Horgan said evacuated households would receive C$600 from the... 

BMI index shows policy determines market attractiveness in Latin America

By: Henry Lazenby     20th July 2017 With policy being of the utmost importance when determining market attractiveness, countries with reliably stable  business environments will continue to dominate the top mining risk/reward index scores in the Americas, reflecting miners' prioritisation of reducing risk, given a volatile mineral... 

Taseko restarts Gibraltar mine

By: Henry Lazenby     20th July 2017 Base metals producer Taseko mines has restarted operations at its Gibraltar mine, in British Columbia, following a four-day hiatus as hundreds of wildfires ravaged the province’s interior. The TSX-listed company said on Wednesday that restarting the mine will help to limit interruption and keep... 

Greenstone Gold partners submit environmental applications for Hardrock project

By: Henry Lazenby     20th July 2017 Joint venture (JV) partners Centerra Gold and Premier Gold Mines have submitted the environmental impact statement and environmental assessment (EIS/EA) to the Canadian Environmental Assessment Agency (CEAA) and the Ministry of the Environment and Climate Change (MOECC) to start the formal... 

Arbitrator grants some protective relief for Centerra in ongoing Kyrgyz legal saga

By: Henry Lazenby     19th July 2017 Canadian gold producer Centerra Gold has been granted some interim relief in its rolling arbitration against the Kyrgyz Republic and State miner Kyrgyzaltyn, regarding the Kumtor project. The TSX-listed miner reported on Wednesday that the arbitrator sided with the company, finding prima facie... 

Arbitrator grants some protective relief for Centerra in ongoing Kyrgyz legal saga
Centerra Gold's Kumtor gold mine, Kyrgyzstan

A pearl at a time, Fission redefines Saskatchewan’s Athabasca basin 

By: Henry Lazenby     19th July 2017 Since the November 2012 discovery of a new high-grade uranium deposit just outside the south-western corner of Saskatchewan’s famed Athabasca basin, where the world’s highest-grade uranium mines are found, explorer Fission Uranium has succeeded in stringing together new uranium discoveries “like... 

Fission Uranium president, COO and chief geologist Ross McElroy discusses how the Patterson Lake South uranium project was discovered, current exploration goals, and the project’s strategic advantage in the ongoing low uranium price environment. Video: Henry Lazenby; Editing: Lionel da Silva.

Zwane seeks to restrict granting of new prospecting, mining rights

By: Creamer Media Reporter      19th July 2017 Mineral Resources Minister Mosebenzi Zwane on Wednesday gazetted a proposal to restrict the granting of any new applications for prospecting or mining rights and the processing of applications for the renewal of prospecting or mining rights. The proposal is also aimed at restricting the transfer... 

State capture casts long shadow over Eskom’s results  

By: Terence Creamer     19th July 2017 South Africa’s worst kept corporate secret was confirmed on Wednesday, when Eskom reported a sharp fall in after-tax profits to R888-million in 2017, from over R5-billion in the previous financial year. However, the results were overshadowed by serious allegations of corruption and... 

Interim Eskom CEO Johnny Dladla on his first 21 days and his main priorities for the embattled utility. Camera Work & Editing: Darlene Creamer. Recorded: 19.7.2017

Pallinghurst setting out to revitalise Gemfields as 100% owner

By: Martin Creamer     19th July 2017 Owning 100% of Gemfields will allow diversified mining company Pallinghurst to revitalise the coloured gemstones mining and marketing entity and to unlock synergies, Pallinghurst CEO Arne Frandsen said on Wednesday, when the London Stock Exchange aspirant commenced its compulsory take up of the... 

Pallinghurst setting out to revitalise Gemfields as 100% owner
Photo by Duane Daws
Pallinghurst CEO Arne Frandsen

Ivanhoe appoints two more financiers to find funds for Platreef

By: Samantha Herbst     19th July 2017 Africa-focused platinum-group metals (PGM) miner Ivanhoe Mines has appointed mine-financing institutions KfW IPEX-Bank and the Swedish Export Credit Corporation (SEK) to arrange project financing for the development of the Platreef project in South Africa’s Limpopo province. The German... 

Ivanhoe appoints two more financiers to find funds for Platreef
Ivanhoe chairperson Robert Friedland

Nuclear is not just about energy – Niasa MD

By: Natasha Odendaal     19th July 2017 South Africa’s controversial nuclear energy plans have overwhelmingly overshadowed the more expansive, overall industry that has quietly developed in the country, which has become a world leader in nuclear medicine. Speaking at the one-day nuclear forum on the sidelines of the PowerGen Africa... 

Shanta to review cost base in light of new legislation, higher royalties

By: Creamer Media Reporter      19th July 2017 East Africa-focused Shanta Gold is undertaking a business review of its operational and cost base in Tanzania, where it operates the New Luika mine, following the introduction of new legislation and higher royalty rates. The Tanzanian Parliament earlier this month enacted the Natural Wealth and... 

Shanta to review cost base in light of new legislation, higher royalties

BHP invests A$350m in Olympic Dam

By: Esmarie Swanepoel     19th July 2017 Mining major BHP will invest A$350-million into its Olympic Dam operations, in South Australia, in a smelter maintenance campaign. Olympic Dam asset president Jac 

Sluggish growth to see Indian national oil companies under stricter oversight

By: Ajoy K Das     19th July 2017 Responding to sluggish growth in domestic oil and natural gas production, the Indian government has brought national oil companies (NOCs) under stricter oversight, including daily reporting of production data from each field operated by these companies. The NOCs also have to submit to government... 

Qld supports METS sector

By: Esmarie Swanepoel     19th July 2017 The Queensland state government has outlined plans to grow the states mining technology sector, with the aim of creating 3 000 additional jobs over the next ten years. State Development Minister Dr Anthony Lynham released a ten-year action plan to make the state’s existing A$7-billion mining... 

COAG supports new exploration strategy

By: Esmarie Swanepoel     19th July 2017 Australia’s state and territory leaders have recently endorsed the new 2017 to 2022 National Mineral Exploration Strategy at the Council of Australian Governments (COAG) meeting, a move which has been welcomed by Geoscience Australia. Geoscience Australia points out that the mineral resources... 

BHP hits iron-ore target, forecasts higher output in 2018

By: Esmarie Swanepoel     19th July 2017 Diversified major BHP has increased its production expectations for iron-ore, copper and metallurgical coal in 2018, on the back of solid results for the year ended June. The miner on Wednesday reported that it had achieved production guidance at its petroleum and iron-ore divisions during the... 

BHP hits iron-ore target, forecasts higher output in 2018
BHP CEO Andrew Mackenzie

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