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Sibanye share price rises on gold tailings deal with DRDGold

By: Martin Creamer     22nd November 2017 The share price of Sibanye-Stillwater rose quickly and sharply on Wednesday on the news that the precious metals company had moved to create an industry-leading surface mining partnership with gold tailings retreatment company DRDGold. The proposed transaction, which saw the share price of... 

Sibanye share price rises on gold tailings deal with DRDGold
Photo by Duane Daws
Sibanye-Stillwater CEO Neal Froneman (left) and DRDGold CEO Niël Pretorius.

NUM signs three-year wage agreement with coal producers

By: Reuters     Updated 1 hour 14 minutes ago The National Union of Mineworkers (NUM) has agreed a three-year wage agreement with coal producers, averting a sector-wide strike, the union said on Thursday. The union reached the agreement, which varies for each coal producer, after saying last month it would call a strike if wage demands were... 

Parliament delays passing key mining law

By: Reuters     22nd November 2017 South Africa's Parliament will miss a December target to pass changes to mineral resource laws, seen as key for greater investor certainty, a senior Parliamentary official said on Tuesday. In September, Mines Minister Mosebenzi Zwane told a mining conference in Australia that the new target date... 

Parliament delays passing key mining law
Photo by Duane Daws
Mineral Resources Minister Mosebenzi Zwane

South African silicosis case nears out-of-court settlement

By: Reuters     22nd November 2017 Lawyers acting for thousands of miners who contracted fatal lung diseases silicosis and TB in mines said on Tuesday settlement talks with implicated gold companies for an out-of-court deal could be reached by December. The High Court last year set the stage for protracted proceedings on cases... 

De Beers JV starts planning construction of largest offshore diamond mining vessel

By: Natasha Odendaal     22nd November 2017 Planning for what could potentially be the world’s largest custom-built offshore diamond mining vessel has been initiated, diamond giant De Beers announced this week. The Government of Namibia and De Beers’ 50:50 joint venture Debmarine Namibia is aiming to start the operation of a new... 

De Beers JV starts planning construction of largest offshore diamond mining vessel
The SS Nujoma

Gold Fields invests R6m to boost mechanised mining skills in South Africa

By: Nadine James     22nd November 2017 South African gold miner Gold Fields on Wednesday announced a R6-million, three-year partnership with the University of the Witwatersrand (Wits) to further academic knowledge in the field of mechanised mining and rock engineering in South Africa. Gold Fields CEO Nick Holland and Wits... 

Resgen in talks with Noble for support extension

By: Natasha Odendaal     22nd November 2017 ASX- and JSE-listed Resource Generation (Resgen) is in discussions with Noble Resources International to extend its support to the coal company until April amid a prolonged funding gap. As Resgen has been working to secure an alternative funding source that is not linked to committed domestic... 

Nevsun loses bid to stop Canadian lawsuit over forced labour claims in Africa mine

By: Reuters     22nd November 2017 Nevsun Resources lost its bid to have a Canadian court throw out a lawsuit by Eritreans workers who say they were forced to work at its mine in East Africa, according to an appeals court judgment released on Tuesday. A lower Canadian court ruled last October that the lawsuit against Nevsun can... 

Gold miners shifting focus back to growth

By: Megan van Wyngaardt     22nd November 2017 While global gold miners will gradually shift their focus from financial austerity to growth through acquisitions and increased spending, miners operating in sub-Saharan Africa (SSA) will face elevated costs owing to regulatory uncertainty, power shortages and labour unrest, according to... 

Gold miners shifting focus back to growth

Mali says gold mining revenues increased 14% in 2016

By: Reuters     22nd November 2017 Gold mining revenues in Mali increased by 14% in 2016 to 280-billion CFA francs ($505-million), Mines Minister Tiemoko Sangare said on Tuesday, revising an earlier estimate. Earnings in 2015 amounted to 245-billion CFA francs. 

Funding made available to advance Burkina Faso solar project

By: Megan van Wyngaardt     22nd November 2017 The Banque Internationale pour le Commerce, l’Industrie et l’Artisanat du Burkina (BICIAB), a BNP Paribas Group subsidiary, will provide $16.5-million in financing to Eren Renewable Energy for a 15 MW solar power plant that is under construction in Burkina Faso. The funding was granted to... 

Panoramic hopeful of return to producer status in near future

By: Mariaan Webb     Updated 9 minutes ago The stronger nickel market and a weaker Australian dollar are working in Western Australian firm Panoramic Resources’ favour as it works towards a decision about restarting the Savannah nickel mine, in the East Kimberley. The Savannah mine has been on care and maintenance for a year-and-a-half,... 

Evolution’s Klein expresses concern as young Australians shun mining as career option

By: Mariaan Webb     Updated 3 hours ago The mining industry has to pull together to make it an attractive career option for young people if the industry is to sustain itself, Evolution Mining chairperson Jake Klein said on Thursday, expressing concern about the low number of mining engineering enrolments and graduates at two Australian... 

Evolution’s Klein expresses concern as young Australians shun mining as career option
Evolution chairperson Jake Klein

Santacruz restarts Veta Grande mill

By: Henry Lazenby     Updated 6 hours ago TSX-V-listed Santacruz Silver Mining has restarted operations at its Veta Grande mill, located in Zacatecas state, Mexico. The mill had been standing idle since November 3, when the Mexican Environmental Protection Agency halted operations until certain licencing documentation related to the... 

Northern Vertex files PEA on expanded Moss mine plan

By: Henry Lazenby     Updated 6 hours ago Canadian project developer Northern Vertex has filed with securities regulators a preliminary economic assessment (PEA) examining the merit of building and expanded operation at its 100%-owned Moss gold/silver mine, in Arizona. First published in October, the PEA sets out the technical and... 

Altiplano earns half of Comet JV; starts bulk sample

By: Henry Lazenby     Updated 7 hours ago Exploration junior Altiplano Minerals has earned a 50% stake in the Comet Joint Venture (CJV) with Comet Exploration, which is conducting exploration on the Farellon and Maria Luisa copper/gold development projects, in Chile. Headed by John Williamson, co-founder of Kaminak Gold, which discovered... 

Altiplano earns half of Comet JV; starts bulk sample
Photo by Altiplano Minerals
Farellon mineralisation, Chile

Mountain Province records higher revenues from 9th diamond tender

By: Henry Lazenby     23rd November 2017 The seventh sale of diamonds produced from Mountain Province Diamonds’ 49%-owned Gahcho Kué mine, in Canada’s Northwest Territories, saw the average price of rough stones strengthen, despite a cautious market. The Toronto-headquartered company, which has a 49% stake in the Gahcho Kué mine, in... 

Union at Alcoa Canada aluminum smelter backs strike mandate

By: Reuters     22nd November 2017 Unionised workers at Alcoa's Canadian aluminium smelter in Becancour, Quebec have rejected the company's contract offer and adopted a strike mandate, the United Steelworkers said on Wednesday. The collective agreement for 1 030 unionised workers expires at 11:59 EST Wednesday, after which... 

Brazil lower house okays higher mining royalties, new regulator

By: Reuters     22nd November 2017 Brazil's lower house of Congress on Wednesday passed a bill that would boost royalty rates on iron ore by 75% - instead of doubling the rates as had been proposed - and later voted to approve the creation of a new mining regulator. Under the revised plan, gold mining royalties would rise 50%,... 

Torex sets El Limon Guajes record straight as rival unions clash

By: Henry Lazenby     22nd November 2017 Canadian gold producer Torex Gold Resources has issued a press release criticising a labour union and the media for spreading misinformation regarding an incident over the weekend where two people were killed near its El Limon Guajes (ELG) mine, in Mexico. The Toronto-based company said that an... 

Scope of Kerimov's immunity status up to judge to decide upon, says France

By: Reuters     22nd November 2017 The scope of the immunity status accorded to Russian businessman and lawmaker Suleiman Kerimov, who has been arrested in France, is up to the French judge dealing with the matter to decide upon, said the French foreign ministry. Kerimov was arrested by French police at Nice airport on Monday... 

Metals billionaire to win whether electric cars boom or bust

By: Bloomberg     22nd November 2017 There are two major reasons mining billionaire Vladimir Potanin is within a hair’s breadth of regaining his ranking as Russia’s richest tycoon this year. One is higher prices for nickel used in batteries as metals traders bet electric vehicles are the future of transportation. The other is a... 

Metals billionaire to win whether electric cars boom or bust
Mining billionaire Vladimir Potanin

Indonesia's Antam eyes 162% jump in 2018 nickel ore sales

By: Reuters     22nd November 2017 Indonesia's state-owned diversified miner PT Aneka Tambang Tbk (Antam) is targetting a 162% jump in nickel ore sales next year to 11-million tonnes from an estimated 4.2-million tonnes this year, its CEO said on Wednesday. Of that amount approximately 3.9-million tonnes will be exported while... 

Savannah reports 'significant' lithium intersections at Portugal project

By: Creamer Media Reporter      22nd November 2017 The reverse circulation (RC) drill programme for the Mina do Barroso lithium project, in Portugal, has returned significant intersections of lithium mineralisation, Aim-quoted Savannah Resources reported on Wednesday. The company has completed a further 27 holes f 

Triton inches closer to opening Ancuabe graphite project

By: Megan van Wyngaardt     22nd November 2017 ASX-listed Triton Minerals has started the transition from explorer to developer with the submission by its subsidiary Grafex Limitada of its Mining concession application (MCA) to the Instituto Nacional de Minas (INAMI) for its large flake, high-purity Ancuabe graphite project in northern... 

Maximus sees opportunities for further gold deposits at Spargoville

By: Megan van Wyngaardt     22nd November 2017 ASX-listed gold miner Maximus Resources on Wednesday said it was aggressively pursuing further resource definition across the Spargoville gold project area, 70 km south of Kalgoorlie, in Western Australia’s eastern goldfields, while actively progressing the conversion of existing resources into... 

Lithium Power raises A$15m

By: Mariaan Webb     22nd November 2017 Pure-play lithium explorer Lithium International has raised A$15-million in an institutional placement, which allows the company to complete its earn-in in the Maricunga joint venture (JV) and to start preconstruction works. Lithium International, which is listed on the ASX, will have a 50%... 

In shadow of Opec's noisy oil cuts, Asia's miners quietly tightened coal supplies

By: Reuters     22nd November 2017 Australian and Indonesian miners have quietly done in the last two years what Opec has been shouting about: tighten coal markets and prop up prices. The informal coal output reductions, unlike the official cuts in place since January led by the Organization of the Petroleum Exporting Countries... 

Toral exploration licence renewed

By: Creamer Media Reporter      22nd November 2017 ASX- and Aim-listed Ferrum Crescent has been granted a renewed, three-year exploration licence for its Toral project, in Spain, effectively resetting the “exploration clock” for the lead/zinc assets. Ferrum Crescent subsidiary GoldQuest Iberica, which is the holder of the Toral exploration... 

Tawana strengthens management team

By: Megan van Wyngaardt     22nd November 2017 Dual-listed Tawana Resources has appointed Noel O’Brien chief technical officer for its metallurgy and processing division. A metallurgist and processing expert, O’Brien has experience in multiple lithium projects in Australia and internationally. 

Berkut says maiden Norway drilling programme on schedule

By: Creamer Media Reporter      22nd November 2017 ASX-listed Berkut Minerals is advancing its maiden diamond drill programme at its Skuterud cobalt project in Norway, with the final hole of a six-hole programme currently under way at the historic Middagshville prospect in the southern licence. This will be followed by a single hole at the... 

Money 'tsunami' may spur quadrupling of gold prices, McEwen says

By: Bloomberg     22nd November 2017 Gold has bottomed out, according to one of the industry’s biggest bulls. Prices could surpass $5 000/oz in five years, from about $1 280 now, as investors seek returns amid a prolonged period of cheap money and use the metal as a haven from geopolitical and financial risk, McEwen Mining CEO Rob... 

Money 'tsunami' may spur quadrupling of gold prices, McEwen says
McEwen Mining CEO Rob McEwen

Havilah teams up with CMC to develop North Portia

By: Creamer Media Reporter      22nd November 2017 South Australia copper-focused junior Havilah Resources and mining partner Consolidated Mining and Civil (CMC) have agreed to jointly advance the North Portia copper/gold deposit, which is a key element of miner’s copper growth strategy. The parties have signed a binding memorandum of... 

Gascoyne raises funds for ‘aggressive’ exploration

By: Mariaan Webb     22nd November 2017 Gold exploration and development company Gascoyne Resources said on Wednesday that it had completed a bookbuild to raise about A$21.5-million for a regional exploration programme at the Dalgaranga and Glenburgh gold projects, as well as for the development of the Dalgaranga gold mine. The company... 

Aurelia raises A$70m to fund Peak mines acquisition

By: Mariaan Webb     22nd November 2017 New South Wales-based explorer and developer Aurelia Metals has received strong support from investors for its capital raising to fund the acquisition of the Peak mines, in Cobar, from Canadian miner New Gold. An oversubscribed institutional placement raised A$70-million, which together with a... 

Adani still seeking govt loan for rail link

By: Mariaan Webb     22nd November 2017 India’s Adani has denied that it no longer needs a A$900-million loan from the North Australian Infrastructure Facility (NAIF) for its rail link associated with its Carmichael coal mine. Spokesperson Ron Watson said on Wednesday that Adani had held meetings with a wide-range of financiers for... 

Adani still seeking govt loan for rail link

Canadian federal agency rejects NGO complaint regarding KSM project permitting process

By: Henry Lazenby     21st November 2017 A Canadian federal agency has rejected a request for review (RfR) by nongovernmental organisation (NGO) the Southeast Alaska Conservation Council (SEACC) of the permitting process regarding Seabridge Gold’s Kerr-Sulphurets-Mitchell (KSM) project, in British Columbia. The Canadian National Contact... 

TransCanada’s Keystone XL pipeline clears key hurdle despite oil leak incident

By: Henry Lazenby     21st November 2017 Oil and gas pipelines operator TransCanada is reviewing a decision by the Nebraska Public Service Commission (PSC) approving an alternative route for the proposed Keystone XL (KXL) pipeline project through the state. "As a result of today's decision, we will conduct a careful review of the PSC’s... 

TransCanada’s Keystone XL pipeline clears key hurdle despite oil leak incident

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