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GE aiming to change coal narrative with high-efficiency power solutions

By: Terence Creamer     Updated 1 hour 59 minutes ago Technology group GE is beginning to actively make the case for clean coal, having concluded that coal-fired generation will remain a major, albeit relatively smaller, part of the future electricity mix in many parts of the world. GE Power global sales and marketing leader for steam power systems,... 

GE aiming to change coal narrative with high-efficiency power solutions
Photo by Duane Daws
Michael Keroullé

Kumba Iron Ore changes guard

By: Martin Creamer     Updated 6 hours ago Anglo American company Kumba Iron Ore on Tuesday announced the appointment of Themba Mkhwanazi as CEO with effect from September 1, following Norman Mbazima’s decision to step down after four years to focus on his role as deputy chairperson of Anglo American South Africa. Mbazima will remain a... 

Kumba Iron Ore changes guard
Kumba CEO designate Themba Mkhwanazi

Kumba generates cash in tough half-year

By: Martin Creamer     Updated 5 hours ago Anglo American company Kumba Iron Ore on Tuesday reported 20% higher headline earnings a share of R3-billion in the six months to June 30, when its financial performance was supported by strong cash generation. On a normalised basis, the R9.41 headline earnings a share were 4% lower on 11%-less... 

Kumba generates cash in tough half-year
Photo by Duane Daws
Outgoing Kumba CEO Norman Mbazima

Ndlovu to head Anglo coal

By: Martin Creamer     Updated 4 hours ago Anglo American Platinum (Amplats) operational processing executive head July Ndlovu has been appointed CEO of Anglo American’s coal business in South Africa. This follows the appointment of Themba Mkhwanazi as CEO of Kumba Iron Ore, following Norman Mbazima’s decision to step down after four... 

Ndlovu to head Anglo coal
Photo by Duane Daws
New Anglo Coal CEO July Ndlovu

Gold market retains small surplus; rising ETF demand offsets lower physical demand

By: Creamer Media Reporter      Updated 54 minutes ago Thomson Reuters GFMS expects the gold price to average $1 279/oz for 2016, compared with its previous forecast of $1 184/oz. In the second-quarter update of its 2016 Gold Survey, Thomson Reuters GFMS attributes the higher forecast to the “impressive gains” posted by gold so far this year and the... 

AECI reports lower H1 earnings, higher revenue

By: Anine Kilian     Updated 3 hours ago Specialty chemicals and explosives manufacturer AECI on Tuesday reported higher revenue, earnings a share for the six months ended June 30. Headline earnings a share fell 48% year-on-year to 293c, while earnings a share (EPS) decreased 50% year-on-year to 292c. 

Looming price falls may force big miners to speed up asset sales

By: Reuters     Updated 4 hours ago Three of the world's top five miners will need to step up asset sales in the second half of this year to meet a $14-billion full-year target as they race to cut debt, with a recent rally in commodities prices seen as short-lived. The world's biggest miners predicted doom and gloom for 2016 six... 

African Energy, First Quantum advance Botswana coal/power project

By: Megan van Wyngaardt     Updated 2 hours 4 minutes ago ASX-listed African Energy Resources (AFR) is looking to update its mining study to meet the requirements of fuel delivery for a 450 MW integrated coal and power project, up from the 300 MW it had initially planned for its Botswana-based Sese project. The update forms part of the work programmes... 

African Energy, First Quantum advance Botswana coal/power project

Damaged Namibian furnace set for three-week refractory lining replacement – Dundee

By: Creamer Media Reporter      Updated 3 hours ago TSX-listed Dundee Precious Metals expects its 2016 concentrate throughput to be about 20 000 t less than planned, after a power outage led to damage to the refractory lining of the Ausmelt furnace at its Tsumeb smelter in Namibia. Subsequent to a power blackout in Namibia on July 22, cooling... 

Mkango secures exclusive option for HCl regeneration technology

By: Anine Kilian     Updated 3 hours ago TSX- and Aim-listed mineral resources exploration and development company Mkango Resources has secured a two-year exclusive option and right to acquire, on commercially standard terms, the worldwide licence for technology to produce high-strength hydrochloric acid (HCl) from calcium chloride feed... 

Iron-ore’s rally seen endangered by UBS as supply stacks up

By: Bloomberg     Updated 5 hours ago Iron-ore’s revival in 2016 has prompted mine restarts in Brazil, West Africa, Australia and China, adding to global supplies and potentially contributing to a weakening of prices into next year, according to UBS Group AG. “Supply that had left the market is returning,” analysts including Daniel... 

Iron-ore’s rally seen endangered by UBS as supply stacks up

Zinc, the metal investors love this year, has an ugly sister

By: Bloomberg     Updated 5 hours ago They come from the same mines and are called sister metals, but investors are showing more affection for zinc than lead. Zinc, used to rustproof steel, has jumped 40% this year to become the best-performing industrial metal. It has gained on concerns about shortages, while steel prices rose as... 

Zinc, the metal investors love this year, has an ugly sister

Creamer Media publishes Africa Mining Projects in Progress 2016 - First Edition

     25th July 2016 This edition of Creamer Media’s Africa Mining Projects in Progress 2016 (First Edition) reviews recently announced scoping, prefeasibility and definitive/bankable feasibility studies on projects across the continent, as well as the projects that are under way. 

Creamer Media publishes Africa Mining Projects in Progress 2016 - First Edition

Perseus on track to become multi-mine gold producer

By: Megan van Wyngaardt     Updated 47 minutes ago West African-focused gold miner Perseus increased its June quarter production  to 44 058 oz, a 7.8% improvement on the March quarter, bringing the company’s total production for the 2016 financial year to 153 902 oz. This was in line with its revised guidance of 152 000 oz to 167 000 oz for the... 

Highfield alters potash offtake agreements

By: Megan van Wyngaardt     Updated 58 minutes ago Spanish potash developer Highfield Resources has withdrawn from its nonbinding memorandums of understanding (MoUs) for potash offtake it signed with European fertiliser companies in May. The ASX-listed company on Tuesday said that the first MOUs, signed with large European fertiliser companies... 

Galaxy extends General Mining takeover

By: Mariaan Webb     Updated 2 hours 11 minutes ago Lithium miner Galaxy Resources has extended the takeover offer period for its joint venture partner General Mining to August 5. Since the offer opened on June 28, Galaxy has received acceptances for 72.4% of the fully paid ordinary shares in General Mining, giving it a total interest of 74.3% in... 

Empire Resources to start Penny’s Find development in six weeks

By: Megan van Wyngaardt     Updated 3 hours ago ASX-listed Empire Resources on Tuesday reported that it expected to start mine development at its 21 700 oz Penny’s Find gold mine, in Western Australia, in six weeks. The company commissioned Kalgoorlie-based Cardno Spectrum Surveyours to work on the road realignment required at the project,... 

Chinese miners call for antidumping probe into iron-ore imports

By: Reuters     Updated 3 hours ago Chinese miners plan to jointly apply for an anti-dumping investigation into iron-ore and iron-ore products imported from Australia and Brazil, a miners association said. In an online statement issued by the Metallurgical Miners' Association of China, more than 20 Chinese miners are planning to... 

Chinese miners call for antidumping probe into iron-ore imports

Advantage, Nevada Sunrise to drill for lithium

By: Megan van Wyngaardt     Updated 3 hours ago TSX-listed lithium project developer Advantage Lithium on Monday reported that its exploration partner Nevada Sunrise Gold Corp had received drill permits for three lithium brine projects in Nevada. The Jackson Wash, Clayton NE and Gemini Lithium projects are three of five projects included in... 

Kinross begins second-phase drilling at Bravada's Baxter gold property

By: Anine Kilian     Updated 3 hours ago TSX-listed exploration company Bravada Gold has received notice from gold miner Kinross Gold that a second-phase drilling programme is underway at Bravada’s Baxter Low-sulphidation gold and silver property in the Walker Lane Gold trend in Nevada. This follows an option agreement signed in... 

Platypus Minerals to further explore Canada for lithium

By: Megan van Wyngaardt     Updated 3 hours ago Perth-based Platypus Minerals has entered into a binding memorandum of understanding (MoU) to acquire the Royal lithium prospect, located 30 km north of Val d’Or, in Quebec. Platypus is acquiring Royal in conjunction with Canada-listed St Georges Platinum and Base Metals on a 70:30 relative basis. 

Northern Star profit surges 65% to record A$151m

By: Mariaan Webb     Updated 3 hours ago Australian gold miner Northern Star has increased its net profit by 65% to a record A$151.37-million in the 2016 financial year. The record profit, which was underpinned by strong operational performance, boosted the company’s cash A$326-million by the end of June, which enabled the miner to... 

A$25m raising sets Ramelius on path to 150 000 oz/y by 2018

By: Mariaan Webb     Updated 4 hours ago Gold miner Ramelius Resources has set a production target of 150 000 oz/y by 2018, after receiving strong support from institutional investors for a A$25-million capital raising. The company, which produced 110 839 oz in the 2016 financial year and aims to increase that to 135 000 oz in the 2017... 

A$25m raising sets Ramelius on path to 150 000 oz/y by 2018
The Saturn pit at the Mt Magnet mine, in Western Australia.

TransCanada pipeline stake said to draw Canada pension interest

By: Bloomberg     Updated 4 hours ago At least two groups that include Canadian pension funds are planning to submit bids this week for a minority stake in TransCanada Corp.’s Mexican pipeline business valued at about $2-billion, people with knowledge of the matter said. Canada Pension Plan Investment Board, Public Sector Pension... 

This coal miner’s getting paid to buy assets in Appalachia

By: Bloomberg     Updated 5 hours ago James Booth has done it again. In September, his Booth Energy coal group bought a collection of Appalachian mines from a Florida utility company for nothing beyond liabilities. On Monday, it acquired another two sites in West Virginia -- this time, from Consol Energy Inc. – for nothing beyond... 

Fuel cell thrust continuing – Anglo American Platinum 

By: Martin Creamer     25th July 2016 The momentum around fuel cell vehicles as one of the zero-emission technologies of the future is continuing to build as shown by launches and proposed launches of commercially available fuel cell electric vehicles by major car manufacturers. Pictures of fuel cell electric vehicles bearing... 

Anglo American Platinum CEO Chris Griffith talks to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Debmarine Namibia acquires N$2.3bn diamond exploration vessel

By: Megan van Wyngaardt     25th July 2016 Namibia-based marine diamond mining giant Debmarine Namibia on Monday took ownership of the SS Nujoma, the sixth ship in its fleet of diamond mining and exploration vessels, from Norwegian shipbuilder Kleven Verft. The 113-m-long ship was built in Norway and will embark on its maiden voyage for... 

Debmarine Namibia acquires N$2.3bn diamond exploration vessel

Electromagnetic survey defines multiple drill targets at Tanzania project

By: Anine Kilian     25th July 2016  Multiple conductive targets have been identified at Aim-listed Armadale’s Mahenge Liandu graphite project, in south-east Tanzania. This followed electromagnetic (EM) surveys conducted at the project as part of the company’s preparations for drilling, which is expected to get under way in six to... 

Chamber disputes veracity of Unctad underinvoicing claim

By: Martin Creamer     25th July 2016 The Chamber of Mines of South Africa (CoM) on Monday noted with concern the report published by the United Nations Conference on Trade and Development (Unctad) in which it was asserted that South Africa’s commodity exports were being underinvoiced. Prominent international news media have carried... 

Bushveld to acquire Vametco at lower price

By: Megan van Wyngaardt     25th July 2016 Aim-listed Bushveld Minerals and Evraz Group have agreed on amendments to the terms of the share purchase agreement for the acquisition by Bushveld Vametco of Evraz’s Strategic Minerals Corporation (SMC), resulting in the purchase price reducing from $17.2-million to $16.4-million. Bushveld and... 

Makhado gets EIA authorisation

By: Anine Kilian     25th July 2016 The Department of Mineral Resources (DMR) and the Limpopo Department of Economic Development, Environment and Tourism (LEDET) have granted triple-listed miner Coal of Africa (CoAL) environmental authorisation for its Makhado project, located in Limpopo’s Soutpansburg coalfield. The departments... 

Osisko disposes of shares in three companies

By: Megan van Wyngaardt     25th July 2016 TSX-listed precious metals company Osisko Mining has disposed of several million shares in fellow TSX-listed explorers, including 1.29-million common shares in Metals Creek Resources and 6.25-million common shares in IDM Mining, for the consideration of $133 891 and $1.37-million, respectively.... 

Falcon makes progress on Beetaloo well programme

By: Megan van Wyngaardt     25th July 2016 Triple-listed energy company Falcon Oil & Gas’s nine-well exploration and appraisal programme in Australia’s Beetaloo basin, running between 2015 and 2018, is progressing as planned, the company announced on Monday. The horizontal section of the Amungee NW-1H well was successfully cased and... 

Alacer’s Q2 performance in line with expectations

By: Natasha Odendaal     25th July 2016 Having produced 30 047 oz of gold and 24 038 oz attributable gold during the second quarter to June, ASX- and TSX-listed Alacer Gold plans to ramp up production during the second half of 2016. The second quarter of the year, which delivered in line with expectations, operated at a total cash cost... 

Rockcliff embarks on $1.7m raising

By: Creamer Media Reporter      25th July 2016 Canadian resource exploration company Rockcliff Copper is moving to raise $1.75-million to fund a significant drill programme at its Talbot and Rail properties, in Manitoba. The TSX-V-listed firm is offering 25-million units, comprising one common share and one-half of a common share purchase... 

India to unveil natural gas infrastructure policy

By: Ajoy K Das     25th July 2016 India’s Oil and Natural Gas Ministry will shortly unveil a national liquefied natural gas (LNG) infrastructure and logistic policy, laying down standards, benchmarks and conditions for domestic and foreign LNG project developers. Officials familiar with the framing of the new policy have said... 

Calibre, Centerra Siuna JV advances positive results

By: Natasha Odendaal     25th July 2016 Recent exploration at the newly added Siuna mineral concessions belonging to TSX-V-listed Calibre Mining’s 253 km2 silver-gold project, in north-east Nicaragua, is returning positive results. The company said last week that exploration activities at the Siuna project, which added some additional... 

Petra to reach five-million-carat target earlier than expected

By: Creamer Media Reporter      25th July 2016 Following a year of strong growth and record production, Petra Diamonds now expects to reach its five-million-carat-a-year production target in the 2018 financial year – a year sooner than previously anticipated. Petra produced 3.7-million carats in the year ended June 30, a 16% increase on the... 

Petra to reach five-million-carat target earlier than expected
Photo by Duane Daws
Petra CEO Johan Dippenaar

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