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South African mining-focused EV manufacturer launched

By: Nadine James     20th June 2018 Battery-driven mining vehicle solution provider Battery Power Industries (BPI) officially launched on Wednesday. The South African original-equipment manufacturer specialises in the development of battery energy systems, electrical traction systems and high-speed charging systems for underground... 

South African mining-focused EV manufacturer launched

Sibanye-Stillwater appoints safety exec, to fund study to enhance risk management

By: Creamer Media Reporter      20th June 2018 Following a spate of fatalities at its South African mines this year, Sibanye-Stillwater has committed to funding an independent study, to be conducted by a visiting academic at the University of the Witwatersrand (Wits), with the aim of developing practical recommendations for enhancing risk... 

Sibanye-Stillwater appoints safety exec, to fund study to enhance risk management

New mechanisms launched to help former mineworkers claim in landmark silicosis case

By: African News Agency      20th June 2018 A new website and a Facebook page was launched on Tuesday in a bid to assist former mineworkers and their dependents who may be entitled to compensation that have made provisions for a Trust Fund to pay mineworkers who contracted silicosis or TB at work. The historic R5 billion settlement was... 

New mechanisms launched to help former mineworkers claim in landmark silicosis case

Gold street is where South Africa’s mining history goes to die

By: Bloomberg     20th June 2018 The death rattle of the industry that once symbolised South Africa can be heard in the town of Carletonville – on Gold street. That’s where Paseka Selemela has been guarding cars since 2010, when the scaffolding business he worked for closed. Prior to that, he was an assistant at a now-shuttered... 

Report alleges miners inadequately disclose information on environmental rehabilitation costs

By: Nadine James     20th June 2018 Neither the law, nor the accounting standards governing company disclosures, ensure the necessary transparency and accountability about financial provision for environmental rehabilitation, the Centre for Environmental Rights (CER) alleges in its ‘Full Disclosure: The Truth about Mining... 

Latest tender nets $32.48m for Lucara

By: Creamer Media Reporter      20th June 2018 Lucara Diamond Corp’s twelfth exceptional diamond tender has earned it $32.48-million, with one 327.48 ct diamond sold for $10.1-million, or about $30 900/ct. The company, which operates the Karowe mine, in Botswana, put ten single diamonds, ranging in size from 40.4 ct to 472.37 ct, up for tender. 

Matsa signs gold deal with AngloGold Ashanti

By: Esmarie Swanepoel     20th June 2018 Junior gold producer Matsa Resources has inked a memorandum of understanding (MoU) with gold major AngloGold Ashanti over Matsa’s extensive Lake Carey gold project, in Western Australia. The MoU would see the two companies negotiating technical data and infrastructure sharing, with AngloGold... 

Stop exploiting Africa, share resources, Pope tells Europe

By: Reuters     20th June 2018 Europe should stop exploiting Africa and invest in ways that benefit the continent more, including by sharing mineral wealth more equitably, Pope Francis said. "We must invest in Africa, but invest in an orderly way and create employment, not go there to exploit it," he told Reuters in a... 

Stop exploiting Africa, share resources, Pope tells Europe
Photo by Reuters
Pope Francis

Copperbelt Energy of Zambia eyes $250m power investment

By: Bloomberg     20th June 2018 Copperbelt Energy Corp, the Zambian electricity supplier with customers including Glencore’s copper mines, may invest as much as $250-million in solar projects and transmission lines in the neighboUring Democratic Republic of Congo (DRC), CEO Owen Silavwe has said. The amount includes two solar... 

Ten killed in Zambia copper mine dump collapse – police

By: Reuters     20th June 2018 Ten people were killed and another ten injured after a dumping site for copper mining waste collapsed in the town of Kitwe in Zambia's Copperbelt province, police said on Wednesday. "The incident happened this morning and at least ten people have been confirmed dead," Copperbelt police chief... 

Emission abatement technology could drive industrialisation – EPCM Global

By: Nadine James     20th June 2018 South African firm EPCM Global Engineering has partnered with Luxembourg-based Carbon Process & Plant Engineering (CPPE) to bring its emissions abatement technology to Africa, in a move that could spur industrialisation, says EPCM Global CEO Tumi Kgomo. He explains that the technology, which was... 

Gold anomaly of over 8 km identified at GoldStone’s Akrokeri-Homase project

By: Creamer Media Reporter      20th June 2018 Aim-listed GoldStone Resources has identified a larger than 8 km gold-in-soil anomaly at its Akrokeri-Homase gold project, in South-West Ghana. The gold-in-soil anomaly, which runs from the historic Akrokeri underground mine to north of the Homase openpit, was identified following a review of the... 

Hyundai teams up with VW's Audi to boost hydrogen cars

By: Reuters     20th June 2018 Hyundai agreed a deal with Audi on Wednesday to collaborate on hydrogen car technology, hoping to boost an energy segment that has lagged behind battery electric vehicles. The South Korean firm wants to increase the uptake of hydrogen cars, which are propelled by electricity generated by fuel... 

Brixton to spin out cobalt assets into standalone battery metals company

By: Mariaan Webb     Updated 4 hours ago TSX-V-listed Brixton Metals has announced its intentions to spin-out its past producing cobalt projects in Ontario into a standalone listed company, which will also focus on other battery metals, including vanadium. The potential spinout, announced on Wednesday, aims to tap into the strong... 

Serabi reports fatality at Brazil mine

By: Creamer Media Reporter      Updated 5 hours ago Dual listed Serabi Gold on Wednesday reported that a worker had died in a mining accident at its Sao Chico mine, in Brazil. The accident, which happened during the weekend, involved the operation of one of the underground loading machines. 

Centerra delays completion of Kyrgyz strategic accord further

By: Mariaan Webb     Updated 5 hours ago TSX-listed gold producer Centerra Gold has agreed to further extend the first longstop date of a strategic agreement it signed with the Kyrgyz government on September 11, 2017. The Toronto-based miner has pushed out the first longstop date – the date by which all conditions precedent to the... 

Centerra delays completion of Kyrgyz strategic accord further
The Kumtor mine, in Kyrgyzstan.

Alrosa to lower production at International underground mine

By: Creamer Media Reporter      20th June 2018 Russian mining major Alrosa has revised the production plan of its International underground mine, near Mirny, as it takes a tougher stance on health and safety management. The production plan for 2018 remains unchanged at 36.6-million carats, but under the revised plan for 2019 to 2022, output... 

Alrosa to lower production at International underground mine
The International underground mine.

China Nonferrous Gold signs Pakrut mining contract

By: Creamer Media Reporter      20th June 2018 Aim-listed mineral explorer China Nonferrous Gold (CNG) has awarded the contract for first-stage mining of its Pakrut gold project, in Tajikistan, to local contractor Wenjian. The contract, worth about $7.56-million, is a tolling arrangement that is payable in accordance with each stage of... 

Herencia chairperson steps down

By: Creamer Media Reporter      20th June 2018 Chilean explorer and developer Herencia Resources on Wednesday announced the resignation of its chairperson Peter Reeve with immediate effect. The Aim-listed company, which owns the Pichachos, Guamanga and La Serena projects in Chile, said that new nonexecutive director Carl Dumbrell would be... 

EU to impose duties on US imports Friday after Trump tariffs

By: Reuters     20th June 2018 The European Union will begin charging import duties of 25% on a range of US products on Friday, in response to US tariffs imposed on EU steel and aluminium early this month, the European Commission said on Wednesday. The move confirms a tit-for-tat dispute that could escalate into a full trade... 

EU to impose duties on US imports Friday after Trump tariffs

Mining charter, illegal mining, FDI in the spotlight  

20th June 2018 Mining Weekly editor Martin Creamer unpacks the news around the mining charter, illegal mining and FDI in the junior miners fund. 

Mining charter, illegal mining, FDI in the spotlight

Metro raises A$17m

By: Esmarie Swanepoel     20th June 2018 Bauxite miner Metro Mining has completed a bookbuild to raise A$17.5-million to strengthen the company’s balance sheet. The institutional placement has been priced at 20c a share, and due to strong demand, the placement was upsized by A$2.5-million. 

Caterpillar’s record profit can’t save it from trade-war carnage

By: Bloomberg     20th June 2018 The world on the cusp of a trade war has spooked investors, and few companies are feeling the fright more than Caterpillar. Shares of the Deerfield, Illinois-based company, which is expected to post record profit this year and the best sales since 2014, have dropped for five straight days and... 

Nevada Copper reports solid progress at Pumpkin Hollow

By: Creamer Media Reporter      20th June 2018 Early construction works continue to ramp up at the Pumpkin Hollow underground project, while an optimisation study for the openpit is progressing and expected to be released in the coming months. In an operations update on Tuesday, TSX-listed Nevada Copper reported that work was continuing on... 

Deflector production set to rise

By: Esmarie Swanepoel     20th June 2018 Gold miner Doray Minerals was expecting record gold production from its Deflector mine, in Western Australia, during the 2019 financial year. The ASX-listed company on Wednesday told shareholders that Doray is expected to deliver between 80 000 oz and 85 000 oz during the 2019 financial year,... 

Qld releases more exploration acreage

By: Esmarie Swanepoel     20th June 2018 The Queensland government has set aside more than 44 000 km2 of land for resource exploration, Natural Resources, Mines and Energy Minister Anthony Lynham said. Speaking at a conference in Brisbane, Lynham said it was the largest amount of land released under the state’s exploration program and... 

Queensland miners promise more jobs

By: Esmarie Swanepoel     20th June 2018 New research by the Queensland Resources Council (QRC) has revealed that miners in the state were planning to increase employment on the back of a sustained lift in global commodity prices and record production. In its latest State of the Sector report, the QRC revealed that 52% of resources... 

NT govt looking for remediation partners

By: Esmarie Swanepoel     20th June 2018 The Northern Territory government has released two tenders for remediation works at abandoned openpit mines as part of its plans to develop Tennant Creek as a mining services hub. “Tennant Creek has a long mining history and many old mines pre-date the requirement for operators to leave them in... 

Capricorn improve Karlawinda economics

By: Esmarie Swanepoel     20th June 2018 An optimisation study of the Karlawinda gold project, in Western Australia, has delivered a 69% increase in the forecast pre-tax net present value, while also reducing up-front capital costs by 10%. ASX-listed Capricorn Metals on Wednesday reported that the pre-tax net present value for the... 

Hill End puts for sales sign on gold assets

By: Esmarie Swanepoel     20th June 2018 ASX-listed Hill End Gold has announced plans to divest its gold assets, following a strategic review. Hill End in May appointed PCF Capital Group to conduct a review of the company’s gold assets, in order to unlock value. 

Xanadu raises A$10m for exploration

By: Esmarie Swanepoel     20th June 2018 Copper and gold explorer Xanadu Mines has raised A$10-million through an oversubscribed placement to accelerate resource drilling at its Kharmagtai copper/gold project, in Mongolia. The placement comprised some 58.9-million shares, priced at 17c each, to institutional and sophisticated investors. 

MinRes declines to up Atlas offer

By: Esmarie Swanepoel     20th June 2018 ASX-listed Mineral Resources (MinRes) on Wednesday announced that it will not make a counter offer for iron-ore miner Atlas Iron. MinRes had been given three business days to come up with a new offer for Atlas after Hancock Prospecting launched a 4.2c a share cash offer for Atlas, in which it... 

NSW miners deliver record royalties

By: Esmarie Swanepoel     20th June 2018 The resource sector delivered a record A$1.8-billion in royalties to the New South Wales budget in the last year, and was expected to contribute a further A$7.4-billion over the next four years to 2021-22. The New South Wales government this week predicted a surplus of A$3.9-billion for 2017-18,... 

NSW miners deliver record royalties

BHP to sell Chile copper mine to EMR Capital

By: Mariaan Webb     19th June 2018 Global mining major BHP has agreed to sell its Cerro Colorado copper mine, in Chile, to private equity manager EMR Capital, the Melbourne-headquartered company announced on Tuesday. The transaction consists of a cash consideration of $230-million and about $40-million in proceeds from the... 

BHP to sell Chile copper mine to EMR Capital

PTM subsidiary, Capricorn municipality ink plan to increase water supply

By: Simone Liedtke     19th June 2018 Waterberg JV Resources, the operating company of the Waterberg Joint Venture (JV), has entered into an agreement with the Capricorn district municipality, in Limpopo, to jointly develop a water supply management plan to increase the water supply and infrastructure capacity for both the local... 

Rusal starts shipping bauxite from Guinea's Dian-Dian mine

By: Reuters     19th June 2018 Sanctions-hit Russian aluminium producer Rusal said on Tuesday it had started shipping bauxite from its Dian-Dian bauxite project in Guinea to its alumina refineries in other countries. Rusal, the world's largest aluminium producer outside China, has been hit by US sanctions imposed on it and... 

Trans Hex expects to widen FY loss

By: Simone Liedtke     19th June 2018 Diamond miner Trans Hex expects to report a loss a share of 175.6c for the financial year ended March 31, compared with a loss a share of 173.6c in the prior financial year. The company further expects to report a headline loss a share of 216.5c, compared with a headline loss a share of 114.6c in... 

Mining, manufacturing sectors urged to focus on local content

By: Anine Kilian     19th June 2018 There is a close relationship between mining and manufacturing, especially in terms of the equipment that is manufactured and supplied to the mining industry, Manufacturing Circle executive director Phillipa Rodseth said at the Manufacturing Indaba, on Tuesday. Speaking during a panel session on... 

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