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BHP employees face criminal charges over Brazil mine collapse

By: Esmarie Swanepoel     Updated 3 hours ago Mining major BHP Billiton has said it will defend charges against the company, after Brazilian federal prosecutors filed criminal charges against the company and some of its current and former employees. Brazil charged 22 people, 21 of whom are charged with qualified homicide and environmental... 

BHP employees face criminal charges over Brazil mine collapse

Continental vision identifies mining’s role in transforming economies

By: David Oliveira     Updated 3 hours ago The need to diversify Africa’s primary-resource export-focused economies in support of other industry-related value chains is key to helping transform the continent’s economy and generate greater wealth from its significant minerals endowment. At this year’s Joburg Indaba, which took place... 

Continental vision identifies mining’s role in transforming economies

Acacia raises FY guidance on back of strong Q3 results

By: Megan van Wyngaardt     Updated 24 minutes ago Owing to a continued strong performance at its operations, Acacia Mining expects its full-year output to be about 5% higher than the top end of its initially guided 750 000 oz to 780 000 oz gold production forecast. "Our strong third-quarter operational and financial results represent another... 

DiamondCorp secures £700 000 financing

By: Anine Kilian     20th October 2016 Diamond miner DiamondCorp has entered into a Shariah-compliant secured convertible financing facility with independent investment management firm Rasmala. This comes after mining at the diamond project was halted under a Section 54 notice earlier this month, while a third party that DiamondCorp... 

DiamondCorp secures £700 000 financing
Lace diamond mine, South Africa

BLSA appoints Mabuza as chair as it unveils new leaders

By: Creamer Media Reporter      Updated 2 hours 36 minutes ago Business Leadership South Africa (BLSA) has announced the appointment of Telkom’s Jabu Mabuza as its new chairperson and Shell South Africa’s Bonang Mohale as its deputy chairperson after a council meeting, which also approved a new board of directors for the big business grouping. Mabuza and... 

BLSA appoints Mabuza as chair as it unveils new leaders
Jabu Mabuza

World Bank raises 2017 price outlook for oil and metals

By: Terence Creamer     20th October 2016 The World Bank has increased its 2017 price outlook for both metals and oil in its latest ‘Commodity Markets Outlook’, raising its October forecast for crude oil to $55/bl, from $53/bl in July. It has, however, sustained its forecast for an average oil price of $43/bl in 2016. Energy prices,... 

World Bank raises 2017 price outlook for oil and metals

South32 coal output misses the mark, manganese volumes down 4% in Q1

By: Esmarie Swanepoel     20th October 2016 Diversified mining company South32 has reported a rough start to the 2017 financial year for its metallurgical coal operations in Australia. Production decreased by 32% in the September quarter and South32 warned on Thursday that its metallurgical coal output would miss its cost guidance. 

South32 coal output misses the mark, manganese volumes down 4% in Q1
South32 CEO Graham Kerr

Coal India to maintain prices despite rising international coking coal market

By: Ajoy K Das     Updated 1 hour 3 minutes ago Coal India Limited (CIL) has decided to maintain its domestic coking coal prices to liquidate stocks and offer an import substitution window to local steel producers, as international coking coal prices surge. According to a CIL official, by maintaining price of domestic coking coal, CIL expects... 

PTM to advance Waterberg PGM project to feasibility, construction decision stage

By: Mia Breytenbach     20th October 2016 Having received positive results from an independent prefeasibility study (PFS) on the Waterberg platinum group metals (PGM) project, in Limpopo, TSX- and NYSE-listed Platinum Group Metals (PTM) plans to advance the project to the completion of a feasibility study (FS) and a construction... 

Goldman sees China’s ‘stealth’ coal bailout lasting until 2020

By: Bloomberg     Updated 1 hour 26 minutes ago China’s coal production restrictions, which have boosted prices, are a “stealth” bailout for miners and their creditors that may last until the end of the decade, according to Goldman Sachs Group. Without government intervention, China’s coal industry wouldn’t be able to service the nearly... 

Mining Weekly iPhone and Android Apps available for free download 

     Updated 2 hours 35 minutes ago 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

IronRidge further expands Africa lithium holdings

By: Anine Kilian     Updated 6 minutes ago Exploration company IronRidge has acquired another highly prospective hard-rock lithium pegmatite licence in Ghana, West Africa. “This acquisition further consolidates our West African lithium portfolio and strategy. We see enormous potential in supplying the growing energy industry with lithium.... 

U3O8 Corp tests new tech to generate richer uranium-vanadium concentrate

By: Anine Kilian     Updated 12 minutes ago Dual-listed U3O8 Corp has asked ASX-listed Marenica Energy to test the efficiency of its U-pgradeTM technology to generate a richer uranium-vanadium concentrate. modelled on the preliminary economic assessment on the Laguna Salada deposit, in Argentina. The testwork constitutes one component of a... 

SilverCrest receives underground drilling permit for Phase 2 of Las Chispas

By: Anine Kilian     Updated 20 minutes ago SilverCrest Metals has received the underground drilling permit, including the permission to mine a 100 000 t bulk sample for offsite testing and processing, for Phase 2 of its Mexico-based Las Chispas exploration project. Phase 2 will begin in November and will test potential near-surface... 

Rio Tinto suffers another blow from Quebec courts

By: Megan van Wyngaardt     Updated 32 minutes ago The Quebec Superior Court’s decision to dismiss a motion by Rio Tinto’s Iron Ore Company of Canada (IOC) subsidiary and the government of Newfoundland and Labrador, which sought to remove the portion of the IOC's operations in Labrador from the Innu's lawsuit, was welcomed by the Innu First... 

Centerra’s Thompson Creek takeover establishes ‘leading low-cost gold producer’

By: Megan van Wyngaardt     Updated 46 minutes ago TSX-listed miner Centerra Gold has completed its acquisition of US-based Thompson Creek Metals, establishing a geographically diversified gold producer with a high-quality producing platform and a strong growth pipeline. The companies announced Thursday that they had completed a plan of... 

Centerra’s Thompson Creek takeover establishes ‘leading low-cost gold producer’
Thompson Creek's Mt Milligan mine, British Columbia

Goldman says ‘size doesn’t matter’ as SGX’s iron holds sway

By: Bloomberg     Updated 1 hour 19 minutes ago In the $7 billion-a-day global iron-ore futures market, size doesn’t matter when it comes to clout. Contracts in Singapore have greater pricing power than those traded in China even though the volumes in the city-state are more than 20 times smaller, according to Goldman Sachs Group Inc. Although... 

Genesee & Wyoming looks to snare coal volumes off Australian haulers

By: Reuters     Updated 1 hour 20 minutes ago Genesee & Wyoming is gearing up to lure business away from Australia's top two coal haulers, confident there will be stronger demand for the commodity in Asia than in other regions, the chief financial officer of the U.S. rail group said. The near doubling of Asian thermal coal prices this year... 

Orinoco halts Cascavel operations for technical review

By: Esmarie Swanepoel     Updated 1 hour 22 minutes ago ASX-listed junior Orinoco Gold has temporarily suspended operations at its Cascavel gold mine, in Brazil, as the operation failed to meet expectations. Orinoco said on Friday that non-essential staff and contractors would be stood down while a full technical review of the operation was... 

Nido raises cash to fund exploration

By: Esmarie Swanepoel     Updated 1 hour 46 minutes ago ASX-listed Nido Petroleum is hoping to raise up to A$31.9-million from a pro-rata renounceable rights offer to fund the drilling of its interest in the in oil fields off the coast of the Philippines. The renounceable entitlement offer will be conducted on an 11.2-for-1 basis, and will be priced... 

Doray delivers strong Sept results

By: Esmarie Swanepoel     Updated 1 hour 48 minutes ago Production at the Andy Well gold mine, in Western Australia, has declined, owing to lower head grades. ASX-listed Doray Minerals on Friday reported that the mine had produced 14 943 oz of gold in the September quarter, from the milling of 84 494 t of ore at an average head grade of 5.6 g/t gold. 

Chesapeake Energy declares ‘propageddon’ with record shale frack

By: Bloomberg     Updated 1 hour 56 minutes ago The era of the monster frack has arrived in North America, and Chesapeake Energy Corp. is singing its praises. Chesapeake said Thursday at an analyst conference that it set a new record for fracking by pumping more than 25 000 t of sand down one Louisiana natural gas well, a process the shale... 

Top copper miner gets reprieve as Chile signals more funding

By: Bloomberg     Updated 2 hours 7 minutes ago Codelco’s prospect of remaining as the world’s biggest copper miner received a boost on Thursday as Chile signaled it will increase funding for the state company to overhaul aging mines and head off a slump in output. Chile is already investing a lot in Codelco and will have to provide “slightly... 

Northern Star looks at Pioneer project

By: Esmarie Swanepoel     Updated 3 hours ago Gold miner Northern Star has struck a deal with fellow-listed Pioneer Resources to fast track exploration at the Acra gold project, in Western Australia. Under the agreement, Northern Star will pay Pioneer A$500 000 to acquire an initial 20% interest in the Acra project, and will hold the right... 

Oz lowers gold output forecast, copper on target

By: Esmarie Swanepoel     Updated 3 hours ago Copper-gold miner Oz Minerals has downgraded its gold expectations for the full 2016, following the blackout at its Prominent Hill mine, in South Australia, in September, and the preferential treatment of copper ore. While the miner has previously warned that gold production would be at the... 

Oz lowers gold output forecast, copper on target

Santos sales surge in September quarter

By: Esmarie Swanepoel     Updated 3 hours ago Oil and gas major Santos has reported a 31% increase in sales volumes for the quarter ended September, reflecting the ramp-up of the Gladstone liquefied natural gas (LNG) production and a strong performance from the Papua New Guinea LNG project. Sales volumes for the quarter under review reached... 

Santos sales surge in September quarter

Hummingbird’s Yanfolila mine closer to first gold production

By: Megan van Wyngaardt     20th October 2016 First concrete has been poured at Aim-listed Hummingbird Resources’ most advanced asset, the Yanfolila gold project, in Mali. Civil works contractor Imagri-sarl will now continue with the concrete pour-over the next three months.   Meanwhile, several material orders for the 132 000 oz project... 

Metallon lifts Q3 output by 18% q/q

By: Anine Kilian     20th October 2016 Zimbabwean mining company Metallon Corporation’s mines produced 26 622 oz of gold for the third quarter ended September 30, an 18% quarter-on-quarter improvement. The higher production was the result of performance improvements at the company’s How, Mazowe and Redwing mines.   All-in-sustaining... 

BHP Billiton chairperson says will not stand for re-election

By: Reuters     20th October 2016 BHP Billiton chairperson Jac Nasser will not seek re-election at next year's annual general meeting (AGM), he announced on Thursday. Nasser said he had intended to announce his retirement last year but agreed to stay on at the mining company to provide stability as BHP Billiton responded to the... 

Better framework, legislation needed for sustainable CSR initiatives

By: Anine Kilian     20th October 2016 Corporate social responsibility (CSR), especially in the absence of a thorough appreciation of systemic weaknesses and local idiosyncracies, is often not very successful, says University of the Witwatersrand Centre for Sustainability in Mining and Industry director Caroline Digby. Speaking at a... 

India's Oct gold imports to hit 9-month high on festive demand – industry

By: Reuters     20th October 2016 India's overseas purchases of gold likely hit a nine-month high in October, as a flip in domestic prices to a premium prompted banks and refiners to resume imports ahead of the festival season, industry officials told Reuters. While higher purchases could widen India's trade deficit given... 

Argentina adopts Canada’s sustainable mining initiative

By: Samantha Herbst     20th October 2016 Argentina’s national mining association, Cámara Argentina de Empresarios Mineros (CAEM), has announced that it will adopt Canada’s Towards Sustainable Mining (TSM) initiative, a corporate social responsibility programme developed by the Mining Association of Canada (MAC) to improve environmental... 

Oyu Tolgoi sets all-time high for quarterly mined material in Q3

By: Samantha Herbst     20th October 2016 Rio Tinto subsidiary Turquoise Hill Resources’ Oyu Tolgoi mine, in Mongolia, set an all-time high of 25-million tonnes of quarterly mined material in the third quarter of 2016, including stripping for Phase 4 of the project, which is the next area of high-grade ore. CEO Jeff Tygesen said the... 

Oyu Tolgoi sets all-time high for quarterly mined material in Q3
Oyu Tolgoi, Mongolia

Bauba appoints new FD

By: Creamer Media Reporter      20th October 2016 Carl-Heinz Gernandt has, for personal reasons, resigned as FD of junior miner Bauba Platinum. He will be succeeded by Jonathan Knowlden, who holds a BCom financial accounting degree and a postgraduate diploma in accounting from the University of Cape Town. 

Stornoway officially opens Québec-based Renard diamond mine

By: Samantha Herbst     20th October 2016 TSX-listed Stornoway Diamond Corporation’s Québec-based Renard diamond mine, the only diamond mine in the province, was officially opened on Wednesday at a ceremony presided over by Québec Energy and Natural Resources Minister Pierre Arcand. Stornoway president and CEO Matt Manson noted that the... 

Stornoway officially opens Québec-based Renard diamond mine

Wanted: 21 000 women to meet gender target at world’s top miner

By: Bloomberg     20th October 2016 BHP Billiton wants women to account for half of its workforce by 2025 as the world’s top miner seeks to change the gender balance in an industry dominated by men. The company isn’t “as inclusive or diverse as we could be", CEO Andrew Mackenzie said in a statement on Thursday.  

Groundwater inflow limits Tschudi’s Q1 copper production

By: Mia Breytenbach     20th October 2016 Aim-listed Weatherly International’s Tschudi openpit copper mine, in Namibia, delivered 3 641 t of copper cathode in the quarter ended September 30, in line with expectations informed by the excessive rates of groundwater inflow into the openpit. Although output for the first quarter of the 2017... 

Canadian oil sands output to slow post 2020, as project pipeline slows

By: Henry Lazenby     20th October 2016 Production from Canada’s Alberta oil patch will start to slow from 2020, as few new projects are sanctioned and export infrastructure bottlenecks prevent new production from reaching export markets. New analysis by market intelligence firm Wood Mackenzie (WoodMac) expects commercial projects to... 

Canadian oil sands output to slow post 2020, as project pipeline slows

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