R/€ = 15.01 Change: -0.13
R/$ = 12.26 Change: -0.16
Au 1324.06 $/oz Change: -17.04
Pt 922.00 $/oz Change: -9.99

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South Africa to appeal court ruling on black ownership of mines

By: Bloomberg     Updated 4 hours ago South Africa has sought leave to appeal a court judgment earlier this month over a crucial black-ownership principle in the country’s Mining Charter, the nation’s mining lobby said. The Chamber of Mines has been notified that Mineral Resources Minister Gwede Mantashe and the Department of Mineral... 

South Africa to appeal court ruling on black ownership of mines
Mineral Resources Minister Gwede Mantashe

Amplats procures energy storage system for Amandelbult

By: Anine Kilian     Updated 41 minutes ago Anglo American Platinum (Amplats) has contracted energy storage systems provider Primus Power to supply its Amandelbult mine, in Limpopo, with eight EnergyPod battery systems. The EnergyPods will provide Amandelbult with 200 kW of power and 1 000 kWh of energy. 

Gécamines starts legal proceedings to dissolve Katanga’s Kamoto Copper Company

By: Simone Liedtke     Updated 5 hours ago State-owned La Générale des Carrières et des Mines (Gécamines), TSX-listed Katanga Mining’s joint venture (JV) partner in the Kamoto Copper Company (KCC), in the Democratic Republic of Congo (DRC), has begun legal proceedings to dissolve KCC. This follows KCC’s failure to address its capital... 

Industry hopeful that DRC mining code issues can be resolved

By: Simone Liedtke     Updated 5 hours ago Mining companies operating in the Democratic Republic of Congo (DRC) are hopeful that their current engagement with civil society and other key interest groups will contribute to a better understanding of certain issues that need to be dealt with before the country’s new mining code is... 

Industry hopeful that DRC mining code issues can be resolved

Petra’s value over volume production strategy paying off

By: Simone Liedtke     Updated 5 hours ago The make-up of production at diamond miner Petra Diamonds is transforming, with higher-value run-of-mine (RoM) production having represented about 82% of the company’s carat volume during the quarter ended March 31. This, the company said on Monday, was in line with the company’s focus on value... 

Gold tracks the dollar as investments take a back seat – WGC

By: Anine Kilian     Updated 1 hour 5 minutes ago A new report published by the World Gold Council (WGC) shows that the US dollar is again a strong indicator of the direction of the gold price. “Historically, gold has had a consistently negative correlation to the US dollar. Gold’s relationship with the dollar is determined by US-based gold... 

Gold Road/Gold Fields JV flags Gruyere delay, possible cost increases

By: Esmarie Swanepoel     Updated 7 hours ago The Gruyere gold project, in Western Australia, is likely to be late in delivering its first gold, project developers Gold Road Resources and Gold Fields have warned, with the companies also flagging possible cost increases. The joint venture (JV) partners said on Monday that the abnormal... 

Mutamba mining lease applications being considered by Mozambique government

By: Simone Liedtke     Updated 4 hours ago Mozambique’s Ministry of Mineral Resources and Energy is “actively” considering that granting of three mining lease applications that form part of Aim-listed Savannah Resources’ Mutamba heavy mineral sands project. The mine lease applications cover an area of 417.32 km² and comprise the Jangamo,... 

Russia sanctions spook palladium investors as supply fears mount

By: Bloomberg     23rd April 2018 Hedge funds just made an abrupt about face in the palladium market as US sanctions against Russian titans spark concerns that the world’s largest producer of the metal will get caught in the cross hairs. After the US slapped penalties on United Co. Rusal, American officials have sent conflicting... 

Lionsgold readies for Goldbloc rollout

By: Creamer Media Reporter      Updated 33 minutes ago Aim-listed Lionsgold has taken full ownership of TRAC Technology, after its share-for-share offer to buyout other shareholders was fully accepted. With TRAC now a wholly owned subsidiary, Lionsgold will assign to the business its three-year exclusive right to use the Railsbank Technology banking... 

Fivefold resource increase at Bluejay’s Dundas project

By: Creamer Media Reporter      Updated 43 minutes ago The mineral resource estimate of the Dundas project in Greenland has increased by 400% to 96-million tonnes at 6.9% ilmenite. Bluejay reported on Monday that the indicated resource at Moriusaq was estimated to be 81-million tonnes at 6.1% ilmenite. 

Ferrum Crescent appoints Spanish consultancy at Toral

By: Creamer Media Reporter      Updated 59 minutes ago European explorer Ferrum Crescent has engaged the services of Spanish consultancy Mining Sense to complement the existing operational team at the Toral lead/zinc/silver project. Led by Mining Sense technical director Jesús Montero, the consultancy team will assist with the preperation of... 

US grants reprieve to Rusal, says will weigh impact on allies

By: Reuters     Updated 1 hour 56 minutes ago The United States on Monday opened the door to sanctions relief for Russian aluminum producer United Company Rusal Plc, saying it was considering a company bid to avoid US sanctions and would weigh the impact on American allies and partners. 

Atalaya completes prefeasibility study on Spain copper project

By: Mariaan Webb     Updated 6 hours ago A prefeasibility study (PFS) has found that the Proyecto Touro copper project will be profitable, validating Aim- and TSX-listed Atalaya Mining’s initial interest in the brownfields development in north-west Spain. Based on a long-term copper price of $3/lb, the Touro project has an after-tax... 

Atalaya completes prefeasibility study on Spain copper project
Atalaya also owns the Proyecto Riotinto mine (pictured), where an expansion is under way.

Red 5 hits revised targets

By: Esmarie Swanepoel     Updated 7 hours ago Junior gold miner Red 5 has reached its revised production targets during the three months ending March, with some 12 929 oz of gold recovered. Red 5 in early March lowered its quarterly production expectations following operational issues at its Darlot mill, in Western Australia. 

Indian power stations told to stock up coal for monsoon season

By: Ajoy K Das     Updated 7 hours ago India’s Coal Ministry has requested thermal power generation companies to increase plant level coal stocks to about 30-million tons, from 16.5-million tons at present, ahead of the monsoon season starting in June. Coal Secretary Susheel Kumar has said that a production and supply plan is being... 

APLNG to supply more gas to domestic market

By: Esmarie Swanepoel     Updated 7 hours ago The Australia Pacific liquefied natural gas (APLNG) project has committed a further 21 PJ of gas to the domestic east coast market. The Queensland Resources Council (QRC) CEO Ian Macfarlane on Monday said that the additional gas from APLNG was another sign that the policy setting in Queensland... 

Hawsons granted Major Project status

By: Esmarie Swanepoel     Updated 7 hours ago The Hawsons iron project, in New South Wales, has been granted Major Project status by the federal government. ASX-listed project developer Carpentaria Exploration told shareholders that the elevation to this select status was expected to provide a smoother and potentially faster approvals... 

Newcrest gets approvals for tailings plan

By: Esmarie Swanepoel     Updated 7 hours ago Gold miner Newcrest Mining has been given approval to use the first 200m of the old Cadia Hill openpit operation, in New South Wales, as a tailings storage facility. The Cadia Hill openpit would be used in lieu of the Northern tailings facility, where a breakthrough of tailings material was... 

Western Areas commissions plant to produce high-grade nickel sulphide

By: Esmarie Swanepoel     Updated 7 hours ago Nickel miner Western Areas has commissioned its mill recovery enhancement project (MREP) and is now producing premium high-grade nickel sulphides at Forrestania, in Western Australia. The A$17.5-million MREP was completed on time and within budget, Western Areas MD Dan Lougher said on Monday. 

Western Areas commissions plant to produce high-grade nickel sulphide

Apollo plans IPO for Constellation subsidiary

By: Esmarie Swanepoel     Updated 7 hours ago ASX-listed junior Apollo Minerals announced plans to list its Fraser Range nickel/copper and gold assets on the Australian bourse through an initial public offering (IPO). The separate listing of Apollo’s subsidiary Constellation Resources, would allow the company to focus its efforts on its... 

Century inks another offtake at zinc mine

By: Esmarie Swanepoel     Updated 7 hours ago Base metals developer New Century Resources has inked a long-term zinc offtake agreement at its Century zinc mine, in Queensland. The company on Monday said that the offtake agreement signed with commodity trader MRI Trading also included a $15-million unsecured debt facility, which will be used... 

Toro launches Yandal gold project

By: Esmarie Swanepoel     Updated 7 hours ago Uranium developer Toro Energy has initiated the Yandal gold project, which would see the company undertake gold exploration at its Lake Maitland uranium project, in Western Australia. The company at the end of last week flagged the possibility of hunting for other minerals within its Wiluna... 

Banchile auctions 1.5m shares in Chile's SQM, raises $76m

By: Reuters     21st April 2018 Brokerage firm Banchile on Friday auctioned 1.5-million series-A shares in Chile lithium miner SQM at a sale price of 30 000 pesos ($50.36) per share, raising a total of $76-million. SQM, which operates primarily in Chile's Salar de Atacama, is one of the world's largest and most cost-efficient... 

Cochilco forecasts Chile's 2018 copper output up 4.3%

By: Reuters     21st April 2018 Chilean copper commission Cochilco forecast on Friday that Chile would produce 5.76-million tonnes of the red metal in 2018, up 4.3% from 2017, while estimating copper prices at $3.06 per pound this year. The projections follow a difficult year for the world's top copper producer in 2017, after... 

Mining firms from China to Canada watch as Greenland holds election

By: Reuters     21st April 2018 With melting ice expanding access to the Arctic, investors from China to Canada are watching Greenland's election next week for signs of the political will to get a flagging mining programme on the island back on track. Greenland is hoping rising commodity prices can help attract foreign... 

Mining firms from China to Canada watch as Greenland holds election

Sanctions-hit Russian firms ask government for $1.6bn in liquidity – Interfax

By: Reuters     20th April 2018 Russian companies hit by US sanctions, including aluminium giant Rusal, have asked for $1.6-billion in liquidity support from the government, Finance Minister Anton Siluanov was quoted by Interfax news agency as saying on Friday. The US on April 6 imposed sanctions against several Russian... 

Vast acquires 23.75% economic interest in Zimbabwe mine

By: Simone Liedtke     20th April 2018 Aim-listed Vast Resources’ 25%-owned group company Dallaglio Investments has acquired a 95% interest in the Eureka gold mine, in Zimbabwe. Dallaglio acquired a 95% interest in Delta Gold Zimbabwe, which owns the Eureka mine, from Alpha Resources and the Industrial Development Corporation of South... 

Molewa gazettes financial provisioning regulation amendments

By: Marleny Arnoldi     20th April 2018 Environmental Affairs Minister Dr Edna Molewa on Friday gazetted, for implementation, an amendment to the Financial Provisioning Regulations (FPR) for prospecting, exploration, mining or production operations.  

Molewa gazettes financial provisioning regulation amendments
Photo by Creamer Media
Environmental Affairs Minister Dr Edna Molewa

IronRidge secures additional exploration rights

By: Marleny Arnoldi     20th April 2018 Aim-listed IronRidge Resources’ joint venture (JV) with Joy Transporters over the Saltpond and Cape Coast projects, in Ghana, has been finalised.  

Zimbabwe's parliament orders Mugabe to answer questions over diamonds

By: Reuters     20th April 2018 Zimbabwe's parliament has ordered former leader Robert Mugabe to answer questions next month about whether the state was deprived of $15-billion in diamond revenue, a legislator said on Friday. It will be Mugabe's first public appearance since last November when the army deposed him in a de facto... 

Illegal gold miners invade Grace Mugabe's farm amid legal dispute

By: Reuters     20th April 2018 A farm owned by Robert Mugabe's wife Grace is at the centre of a legal dispute after hundreds of illegal gold miners invaded parts of the property and started mining gold. A Reuters photographer saw hundreds of illegal miners digging for gold at the Smithfield citrus farm using picks and shovels,... 

Kefi, Ethiopian govt formalise community resettlement arrangements

By: Marleny Arnoldi     20th April 2018 The joint committees overseeing the development of the Tulu Kapi gold project, in western Ethiopia, have formalised resettlement arrangements for the affected households in the area.  

Caledonia plans Zimbabwe expansion

By: Reuters     20th April 2018 Caledonia Mining plans to buy gold assets in Zimbabwe and increase its stake in the Blanket mine after the removal of the country's tough ownership rules. Keen to attract investment to revitalise the country's struggling mining industry and economy, Zimbabwe has revised its laws since the... 

Lithium-ion industry to take centre stage in next five years

By: Simone Liedtke     20th April 2018 At least 12 lithium and six cobalt transactions have been closed between downstream manufacturers and mining companies since 2016, signalling a changing trend in procurement strategy. This, commodity research consultancy Roskill said in a statement on Friday, shows that the lithium-ion (Li-ion)... 

RBPlat receives government approval for Maseve acquisition

By: Simone Liedtke     20th April 2018 South Africa’s Department of Mineral Resources (DMR) has been granted consent in terms of Section 11 of the Mineral and Petroleum Resources Development Act for the transfer of the entire issued share capital of Maseve Investments 11, the holding company of the Maseve mine, in Rustenburg, to Royal... 

RBPlat receives government approval for Maseve acquisition

Norway's Hydro notifies Rusal of possible force majeure

By: Reuters     20th April 2018 Aluminium maker Norsk Hydro may declare a force majeure on contracts it has with Russia's United Company Rusal due to recently imposed US sanctions, the Norwegian company said on Friday. "Hydro has notified Rusal it may be necessary to declare force majeure on certain contracts, as the company... 

Interim rig to speed up development at Galantas’ Ireland mine

By: Mariaan Webb     20th April 2018 An interim tunnelling rig at the Omagh gold mine, in Ireland, should accelerate underground development, with the company about ten weeks away from reaching the Kearney vein system. Dual-listed Galantas Gold is developing the underground mine at Omagh, where openpit operations ceased five years... 

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