R/€ = 14.89 Change: -0.18
R/$ = 12.07 Change: -0.09
Au 1317.50 $/oz Change: -0.47
Pt 953.00 $/oz Change: -3.60

Email me free daily news

Email address

Updated study lowers Wafi-Golpu project cost by A$1bn

By: Esmarie Swanepoel     19th March 2018 A feasibility study into the Wafi-Golpu gold project, in Papua New Guinea, has decreased the expected total project costs by nearly A$1-billion, project partners Newcrest Mining and Harmony Gold reported on Monday. While the preproduction capital costs increased from the A$2.6-billion estimated... 

Updated study lowers Wafi-Golpu project cost by A$1bn
Harmony CEO Peter Steenkamp

In-principle agreement reached on some changes to Mining Charter 3 – Solidarity

By: Anine Kilian     Updated 4 hours ago In-principle agreements have already been reached regarding certain changes to the third iteration of the Mining Charter, or Mining Charter 3, during negotiations held over the weekend, says trade union Solidarity. Mineral Resources Minister Gwede Mantashe and his deputy Godfrey Oliphant met with... 

Zimbabwe changes empowerment law limiting majority ownership to diamond and platinum

By: Reuters     Updated 5 hours ago Zimbabwe has changed its empowerment law to limit majority ownership by state entities to only diamond and platinum mines and not the entire mining sector as in previous legislation, according to a government notice. The Indigenisation and Econmic Empowerment Act was designed to increase black... 

DRC curbs expectations of miners about concessions on code

By: Bloomberg     Updated 5 hours ago Mining companies in the Democratic Republic of Congo (DRC) won’t secure substantial concessions in talks with the state about changes to the industry code, a senior mining official said. The operators, including Glencore Plc and Randgold Resources, are pressing the government to row back on some... 

Weatherly narrows interim loss

By: Simone Liedtke     Updated 2 hours 45 minutes ago With a continuing upward trend in the copper price in 2017, Namibia-focussed Weatherly International narrowed its loss for the six months to December 31 to $5.9-million, compared with a loss of $11.2-million in the six months to December 2016. Revenue after royalties for the six-month period as... 

15 MW Essakane hybrid plant inaugurated in Burkina Faso

By: Simone Liedtke     Updated 3 hours ago The 15 MW Essakane solar plant, in northern Burkina Faso, has been officially opened. The photovoltaic (PV) plant will supply electricity to Iamgold's Essakane gold mine. 

South African junior to earn into Scotgold’s Portugal licence

By: Mariaan Webb     19th March 2018 South African exploration company PanEx Resources has signed an agreement to earn into the Portuguese subsidiary of Scotgold Resources, under which it will spend €6.6-million in several phases. The Portuguese subsidiary owns the Pomar exploration licence, covering 264 km2 and includes the... 

South African junior to earn into Scotgold’s Portugal licence

Battery makers descend on Australia, Canada cobalt developers

By: Reuters     19th March 2018 Nervous Asian battery makers are turning to early-stage cobalt projects in Australia and Canada to lock in supplies of the critical battery ingredient ahead of expected shortages as demand for electric vehicles revs up. Mine developers say interest from Japanese and Korean firms is particularly... 

Anaconda turns hostile in bid to buy Maritime Resources

By: Henry Lazenby     Updated 21 minutes ago The TSX-V-listed stock of junior explorer Maritime Resources jumped by 20% on Monday morning following an announcement by Atlantic Canada-focused project consolidator Anaconda Mining that it intends to take a takeover deal directly to shareholders following inaction of the Maritime board. The... 

Alio to lift output 65% this year through Rye Patch Gold buy priced at C$128m

By: Henry Lazenby     Updated 1 hour 55 minutes ago The TSX-V-listed equity of Rye Patch Gold jumped more than 11% on Monday following a joint announcement with junior explorer Alio Gold that the companies have agreed to execute a plan of arrangement through which Alio will acquire Rye Patch. Vancouver-based Alio, which is operating the San... 

Dalradian continues to move Northern Ireland project towards production

By: Creamer Media Reporter      Updated 3 hours ago With the planning application for the Curraghinalt mine submitted, dual-listed Dalradian Resources’ primary goal is to progress the Northern Ireland project to production. This goal will be advanced this year through drilling, engineering and geological studies, as well as environmental and... 

Honey Badger initiates drilling programme at Thunder Bay silver camp

By: Simone Liedtke     19th March 2018 Gold and base metals exploration company Honey Badger Exploration has mobilised a drill to start a 1 500 m drilling programme at its Canada-based Thunder Bay polymetallic silver camp. Earlier this year, the company completed a systematic exploration programme, which combined field measurements,... 

Australia’s junior exploration incentive Bill passes through Senate

By: Esmarie Swanepoel     19th March 2018 Junior explorers have welcomed the passage of the Treasury Laws Amendment (Junior Minerals Exploration Incentive) Bill 2017 through the Senate, with the Association of Mining and Exploration Companies (Amec) saying it was an important amendment to the tax law to support junior explorers and... 

Political convergence emerging against commercial coal mining in India

By: Ajoy K Das     19th March 2018 Trade unions operating in the India coal mining industry, irrespective of their political affiliations, are converging in opposing opening up coal mining for private miners, although their modes of protest form will differ. At one end of the opposition brewing up against opening up commercial... 

Beadell gains Canadian listing for Tucano through Golden Harp merger

By: Esmarie Swanepoel     19th March 2018 ASX-listed gold miner Beadell Resources has inked a definitive agreement with TSX-V listed Golden Harp Resources to merge the companies. The new merged entity will be renamed Americano Mining, and will be listed on both the ASX and the TSX-V. 

Blackham extends mine life at Golden Age

By: Esmarie Swanepoel     19th March 2018 Gold miner Blackham Resources has extended the mine plan for its Golden Age underground mine, in Western Australia, by another six months. The company said on Monday that after successfully moving to an owner-operator model at Golden Age in October last year to reduce mining costs and risks,... 

Kidman increases Earl Grey resource

By: Esmarie Swanepoel     19th March 2018 Lithium developer Kidman Resources has reported a 54% increase in the resource estimate at its Earl Grey project, in Western Australia. Following a 12-month resource definition and exploration programme, Kidman has increased the resource estimate at Earl Grey to 189-million tonnes, grading 1.5%... 

Mining starts at Dalgaranga

By: Esmarie Swanepoel     19th March 2018 Mining has started at the Dalgaranga gold project, in Western Australia, ahead of targeted gold production in May. Project owner Gascoyne Resources told shareholders on Monday that mining was currently under way at the Sly Fox, Gilbeys and Golden Wings deposits, with a run-of-mine stockpile... 

Avanco reports maiden resource at Pantera

By: Esmarie Swanepoel     19th March 2018 PERTH ( – ASX-listed Avanco Copper has reported a maiden mineral resource of 20.8-million tonnes, grading 1.7% copper and 0.2 g/t gold at its recently acquired Pantera copper project, in Brazil. The project is estimated to host some 350 000 t of copper and a further 140 000 oz... 

Alara forms JV in Oman

By: Esmarie Swanepoel     19th March 2018 Metals miner Alara Resources has signed a heads of agreement with South West Pinnacle Exploration (SWPE) to form a new joint venture (JV) in Oman. The ASX-listed company said on Monday that the JV would engage in drilling, exploration and mine development activities, and would offer these... 

Rio Tinto hires UBS to explore Pacific Aluminium listing - sources

By: Reuters     19th March 2018 Rio Tinto has asked Swiss investment bank UBS to explore a possible public listing of its Pacific Aluminium smelting business on the Australian Stock Exchange (ASX), two industry sources said on Friday. The mining group has tried to sell the division many times without success, including in... 

Wheaton Precious Metals portfolio biased to gold as organic growth pipeline lags

By: Henry Lazenby     19th March 2018 Canadian streaming firm Wheaton Precious Metals (WPM) has seen the proportion of precious metals in its production profile shift, with about two-thirds weighted to gold, as several of its silver-focused organic growth projects languish behind plan. The Vancouver-based company expects to have... 

Wheaton Precious Metals portfolio biased to gold as organic growth pipeline lags
Photo by Bloomberg
Wheaton Precious Metals CEO Randy Smallwood smiles during an interview at the Prospectors & Developers Association of Canada Convention, in Toronto

New Chile govt undecided on blocking SQM sale to China firms – official

By: Reuters     16th March 2018 Chile's new government is evaluating whether to support a petition filed by its predecessor to block the sale of a stake in top lithium miner SQM to a Chinese firm, a senior government official told Reuters on Friday. Chile development agency Corfo filed a complaint last week to block the sale... 

Mine accident shows a potash market nervous about outages

By: Bloomberg     16th March 2018 The news, when it came late Friday night from a government ministry in Minsk, was grim: the ceiling of a potash mine in Belarus had collapsed more than half a kilometre underground, trapping two workers. Halfway around the world, the reaction to the headlines was swift and dramatic. Shares of... 

Mine accident shows a potash market nervous about outages

Poland's KGHM targets rise in Chilean copper ore output

By: Reuters     16th March 2018 Polish copper producer KGHM said it expects daily copper ore output at its Chilean mine Sierra Gorda to increase by 18% next year from current levels. State-run KGHM acquired Chilean and Canadian copper deposits in 2011 when it bought Canada's Quadra FNX for $2-billion, the largest ever foreign... 

Bell Equipment delivers significantly better results

By: Marleny Arnoldi     16th March 2018 Heavy equipment manufacturer Bell Equipment has delivered significantly improved results in 2017, with profit rising to R272.1-million, from R38.6-million in 2016 when the company recorded operating losses of R185-million from its African operations outside South Africa.  

ARM's Motsepe predicts successful charter, land outcomes 

By: Martin Creamer     16th March 2018 The executive chairperson of diversified black-controlled mining company African Rainbow Minerals (ARM), Patrice Motsepe, on Friday expressed the firm conviction that South Africa was in the process of reinforcing its position as a competitive mining destination through a positive Mining Charter... 

African Rainbow Minerals executive chairperson Patrice Motsepe at presentation of 15% higher half-year earnings covered by Mining Weekly Online’s Martin Creamer. Photographs: Dylan Slater. Video and Video Editing: Darlene Creamer.

Papua Mining awarded exploration permit in Australia

By: Marleny Arnoldi     16th March 2018 London-listed exploration company Papua Mining has been granted, through its subsidiary BGM Investments, the Monarch exploration permit to mine in Queensland, Australia. The five-year exploration permit covers an area 10 km south of Charters Towers, where six-million ounces of gold has been... 

US legislation bodes well for Thor Mining's Nevada tungsten project

By: Simone Liedtke     16th March 2018 The US House of Representative's Natural Resources Committee has passed the National Strategic and Critical Minerals Production Act, which Aim- and ASX-listed Thor Mining said would benefit its Pilot Mountain tungsten project in Nevada. While further steps are required in the legislative process,... 

AfriTin completes geological mapping at Namibian tin project

By: Simone Liedtke     16th March 2018 Aim-listed tin miner AfriTin Mining has undertaken and completed detailed geological mapping over the V1 and V2 pegmatite bodies at its flagship asset Uis tin mine, in Namibia. The V1 and V2 bodies were previously identified as priority targets for ore to supply the new, intermediary plant, based... 

Avocet sells Norwegian subsidiary Wega

By: Simone Liedtke     16th March 2018 Gold mining and exploration company Avocet Mining has sold its wholly-owned Norwegian subsidiary Wega Mining and certain intercompany receivables to Natholmen for $400 000 in cash. The sale forms part of a larger restructuring effort involving its overdue loans totalling $29.2-billion to creditor... 

Erin Energy widens loss despite higher oil price lifting revenue

By: Simone Liedtke     16th March 2018 Oil and gas exploration and production company Erin Energy has widened its net loss to $151.9-million, or $0.71 a share, in 2017, from $142.4-million, or $0.67 a share in 2016. The loss comes despite a 30% increase in revenue to $101.2-million and lower exploration and production expenses. The... 

Wind body dismisses as ‘false’ link between IPPs and tariffs surge

By: Terence Creamer     16th March 2018 The South African Wind Energy Association (SAWEA) has dismissed as a “falsehood” claims by the National Union of Metalworkers (Numsa) and Transform RSA that the 27 renewable-energy projects, which the two organisations are seeking to block through a court challenge, will raise the cost of... 

Wind body dismisses as ‘false’ link between IPPs and tariffs surge

Norsk Hydro CEO says securing alumina to replace Alunorte output is priority

By: Reuters     16th March 2018 Norsk Hydro Asa sees securing alternative sources of alumina to replace reduced supplies at its Brazilian plant as a priority, CE Svein Richard Brandtzaeg told Reuters. Brazilian authorities ordered Norsk Hydro's Alunorte plant, the world's largest alumina plant, to cut output by half in late... 

Lonmin transaction filed with South Africa’s competition body

By: Marleny Arnoldi     16th March 2018 Precious metals producer Sibanye-Stillwater has filed a submission with the South African competition authorities regarding the proposed R5.15-billion acquisition of platinum group metals (PGMs) producer Lonmin.  

Lonmin transaction filed with South Africa’s competition body
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

African Rainbow Minerals ups earnings, declares dividend

By: Martin Creamer     16th March 2018 Diversified black-led mining company African Rainbow Minerals (ARM) on Friday announced a 15% increase in headline earnings for the six months to December 31 to R1 945 million. This increase was mainly as a result of improved headline earnings from the manganese division, ARM Coal, Modikwa... 

Iron-ore gives South Africa’s January mining output a boost

By: Marleny Arnoldi     16th March 2018 Mining production increased by 2.4% year-on-year in January, bolstered by strong growth in iron-ore production and “other” non-metallic minerals, Statistics South Africa figures how. The January growth compares with a contraction of 0.5% in December. 

Kingsrose swings back to profit as revenue triples

By: Esmarie Swanepoel     16th March 2018 Gold miner Kingsrose Mining has tripled its revenue for the six months to December, as gold production at the Way Linggo project, in Indonesia, increased. Revenue for the interim period reached A$26.9-million, up from the A$8.96-million reported in the previous corresponding period, as gold... 

Kingsrose swings back to profit as revenue triples

Latest News  by  


Sponsored Post


Latest Videos and Audio

ARM's Motsepe predicts successful charter, land outcomes

On-The-Air (16/03/2018)

New platform to help resolve cross border mining services constraints

Resources Watch

S African foundry aims to expand footprint in North America

Innovation, digitalisation taking center stage

Coal, rapid loadout projects under construction - Exxaro

Coal miner Exxaro declares innovation an imperative


Services News

Consulting Engineers

Contract mining

Crushing and Screening

Drilling and Tunnelling


Energy Services


Furnaces and Kilns

Material Handling




Company Announcements


Research Reports


Press Office


RSS Feed


Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Free daily email newsletter Register Now