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South32 hikes manganese guidance, lowers coal forecast

By: Esmarie Swanepoel     Updated 6 hours ago Diversified miner South32 has increased its manganese production guidance from its Australia and South African operations to take advantage of farourable market conditions. The company increased its production guidance at the Australia manganese operations by 6% to 3.30-million tonnes and its... 

South32 hikes manganese guidance, lowers coal forecast
Photo by Bloomberg
South32 CEO Graham Kerr

Iluka increases output and revenue

By: Esmarie Swanepoel     Updated 6 hours ago Mineral sands miner Iluka has reported increased in both production and revenue for the three months to March. The company on Thursday reported that total zircon, rutile and synthetic rutile production increased by 8% during the quarter, compared with the December quarter, to 182 000 t. 

Tanzania names chairperson for new mining commission

By: Reuters     Updated 6 hours ago Tanzanian President John Magufuli on Wednesday appointed a chairperson and commissioners for the country's new mining commission, paving the way for the issuance of new mining licences. Africa's fourth-largest gold producer is seeking a bigger slice of the pie from its vast mineral resources by... 

Acacia reports lower Q1 adjusted net earnings, but maintains FY production target

By: Marleny Arnoldi     Updated 4 hours ago Tanzanian gold miner Acacia Mining reported adjusted net earnings of $7-million for the quarter ended March 31, which is 73% lower than the $26.8-million adjusted net earnings reported for the first quarter of 2017.  

Acacia reports lower Q1 adjusted net earnings, but maintains FY production target
The Bulyanhulu mine, in Tanzania

De Beers to launch pilot programme to aid artisanal, small-scale miners

By: Marleny Arnoldi     Updated 4 hours ago Diamond miner De Beers is preparing to pilot a programme, called GemFair, to support the formalisation of artisanal and small-scale (ASM) diamond mining and trading.  

Letšeng mining lease to be extended – Gem

By: Anine Kilian     Updated 2 hours 46 minutes ago The Lesotho government has announced its intention to renew JSE-listed Gem Diamonds’ Letšeng mining lease until 2034. The mining lease may be further extended if necessary in relation to any underground development of the mine thereafter. 

Firestone sees high recoveries in first quarter

By: Anine Kilian     Updated 4 hours ago Aim-listed Firestone Diamonds recovered 192 604 ct of diamonds from its Liqhobong mine, in Lesotho, in the three months to March 31. Recoveries were 6.6% higher than the previous quarter, resulting in a year-to-date total of 572 320 ct.  

Maatla Energy gets enviro approval for Botswana mine

By: Marleny Arnoldi     Updated 1 hour 21 minutes ago Coal and energy company Maatla Energy’s subsidiary, Maatla Resources, has received approval for the environmental-impact assessment (EIA) for its Mmamabula export coal mine, in Botswana.  

Strike halts gold output at two Randgold mines in Mali – union

By: Reuters     Updated 34 minutes ago A workers' strike in Mali has halted gold production at two mines run by Randgold Resources since Wednesday, a senior union official told Reuters on Thursday. The strike at the Loulo and Gounkoto mines was related to the payment of bonuses and would continue until the issue was resolved, said... 

Illegal mining threatens Johannesburg infrastructure – Mashaba

By: African News Agency      Updated 38 minutes ago Johannesburg mayor Herman Mashaba said on Thursday he was concerned about apparent inaction by the national government to curb illegal mining which threatened critical bulk infrastructure and posed an imminent disaster in the city of Johannesburg. Mashaba said the activities could also... 

Shanta reports lower Q1 gold production

By: Simone Liedtke     Updated 30 minutes ago Aim-listed Shanta Gold remains on track to achieve its guidance of 82 000 oz to 88 000 oz in 2018 at an all-in sustaining cost (AISC) of between $680/oz and $730/oz, despite the New Luika gold mine, in south-west Tanzania, reporting lower production. Production in the March quarter reduced to 17... 

Asanko mine performs ahead of LoM plan in Q1

By: Simone Liedtke     Updated 31 minutes ago Gold miner Asanko Gold’s Asanko mine, in Ghana, performed ahead of the optimised life-of-mine (LoM) plan during the first quarter ended March 31. The mine performed exceptionally well, said Asanko president and CEO Peter Breese, who noted that it is also ahead of plan on the key metrics of gold... 

Triton signs offtake over Moz project

By: Esmarie Swanepoel     Updated 6 hours ago Graphite developer Triton Minerals has signed its first offtake agreement over the Ancuabe graphite project, in Mozambique. Triton has inked a binding sales agreement with China’s Qingdao Tianshengda Graphite Company for up to 16 000 t/y of graphite concentrate from the mine, for a period of at... 

Drilling continues at Kodal’s Bougouni project

By: Anine Kilian     Updated 2 hours 17 minutes ago Aim-listed Kodal Minerals plans to continue reverse circulation drilling on its Mali-based Bougouni lithium project until the start of the rainy season in June/ July. "We are continuing with the major exploration and definition programme at Bougouni, with multiple key activities happening in... 

TSR finds good gold mineralisation at Djibouti project

By: Marleny Arnoldi     Updated 3 hours ago Phase 2 drilling at Thani Stratex Resources’ (TSR’s) Pandora gold project, in Djibouti, found an “outstanding” intersection of gold on the previously untested Pyrrha vein. 

BHP cuts guidance at Olympic Dam and Pilbara iron-ore ops

By: Esmarie Swanepoel     Updated 6 hours ago Mining giant BHP has reduced its full-year production expectations for its Pilbara iron-ore operations, as well as the Olympic Dam mine, in South Australia. The miner on Thursday reported a 6% drop in iron-ore production during the three months to March, compared with the previous quarter,... 

BHP cuts guidance at Olympic Dam and Pilbara iron-ore ops

Aura targets Sweden battery project listing in H2

By: Mariaan Webb     Updated 1 hour 27 minutes ago Plans are advancing for the separate listing of explorer Aura Energy’s Häggån polymetallic project, in Sweden, with completion targeted for the second half of the year. The company would initially maintain an ownership of 70% to 80% in the vanadium initial public offering (IPO) spin-off, but... 

Aura targets Sweden battery project listing in H2
Drilling at the Haggan deposit, in Sweden.

Alrosa opens Mumbai representative office

By: Creamer Media Reporter      Updated 2 hours 21 minutes ago Russian diamond miner Alrosa has opened a representative office in Mumbai, India, on the territory of the Bharat Diamond Bourse. The office will not conduct any trading activity and will be concentrated on strengthening ties with Indian market, the company said on Thursday. 

Resources Watch  

     Updated 4 hours ago This week: Strong rand eroding South African gold mines’ margins And, underground rail transport at local mines not being prioritised 

Resources Watch

Sanctions fallout upends metals as aluminum, nickel burst higher

By: Bloomberg     Updated 5 hours ago The turmoil unleashed by US sanctions against United Co. Rusal reverberated in metals markets, sending aluminium and nickel to multi-year highs. Global metals markets have been rocked for the past two weeks by the clampdown on Russia’s Rusal, which set off a rush for alternative supplies and... 

Australia's Pilbara Minerals to ship first spodumene cargo to China in Aug

By: Reuters     Updated 6 hours ago Pilbara Minerals Ltd aims to ship the first cargo of spodumene concentrate from its Pilgangoora lithium-tantalum development in Australia to China in August, its managing director said on Thursday. Spodumene is a mineral mined as a source of lithium, a key ingredient in electric vehicle... 

Maximus looks to increase Burbanks throughput

By: Esmarie Swanepoel     Updated 6 hours ago ASX-listed Maximus Resources is looking to increase throughput at its Burbanks treatment plant, in Western Australia, in 2019, following strong demand for toll milling capacity. The company told shareholders that it was currently reviewing the mill capacity of the 180 000 t/y conventional... 

Evolution hits record low costs

By: Esmarie Swanepoel     Updated 6 hours ago Gold miner Evolution Mining has reported record low all-in sustaining costs of A$768/oz, with gold production also increasing slightly. Gold production during the three months to March was up to 191 474 oz, compared with the 186 488 oz produced in the previous quarter, with the Ernest Henry and... 

Santos production falls in Q1

By: Esmarie Swanepoel     Updated 6 hours ago Planned maintenance has seen oil and gas major Santos’ first-quarter production decline by 1.2-million barrels of oil equivalent, compared with the previous quarter, to 13.8-million barrels of oil equivalent. The ASX-listed major told shareholders on Wednesday that planned maintenance in Moomba... 

Peru will not 'impose' mining projects on communities – prime minister

By: Reuters     19th April 2018 The government of new Peruvian President Martin Vizcarra said on Wednesday it would not "impose" mining projects on nearby communities that object to them, but would seek to promote mining investments to take advantage of improved mineral prices. In the past decade, Southern Copper and Newmont... 

Relations sour at giant copper pit with automation looming

By: Bloomberg     19th April 2018 Just as labour tensions ease at BHP Billiton’s giant Escondida mine, the copper industry has another iconic mine to worry about. Relations between the world’s largest copper producer, Codelco, and unions in its Chuquicamata division have reached the lowest point in years as the mine transitions... 

Hochschild shares rise on higher Q1 output

By: Henry Lazenby     18th April 2018 LSE-listed Hochschild Mining has reported higher-than-expected first-quarter production, as record output at the Inmaculada mine, as well as a strong result from the Pallancata mine – both located in Peru – buoyed output. During the three months ended March 31, Hochschild reported attributable... 

Union workers reject Rio-owned IOC offer

By: Henry Lazenby     18th April 2018 The United Steelworkers Union (USW) Local 5795/6731, in Labrador City, rejected the latest labour offer proposed by Rio Tinto’s majority-owned Iron Ore Company of Canada (IOC) and the USW negotiations teams. The union represents about 1 400 workers of whom 90% voted in favour of downing tools... 

Canada's Alouette aluminium smelter denies force majeure rumours

By: Reuters     18th April 2018 The Alouette aluminium smelter in Canada, the biggest in the Americas, does not plan to declare force majeure, a spokesperson said on Wednesday, denying a market rumour. There was speculation in the market that Alouette may have to take the measure due to a shortage of raw material alumina. 

Poll shows divided British Columbia opinions for/against Kinder Morgan pipeline expansion

By: Henry Lazenby     18th April 2018 A slim majority of Canadians and British Columbians have come forward in favour of the proposed twinning of Kinder Morgan’s diluted bitumen pipeline connecting Canada’s Alberta oil patch with new markets in the Far East, via the West Coast. A new survey conducted by the nonprofit Angus Reid... 

Poll shows divided British Columbia opinions for/against Kinder Morgan pipeline expansion

Mantashe stresses importance of partnerships for mining sustainability

By: Simone Liedtke     18th April 2018 Mineral Resources Minister Gwede Mantashe on Wednesday stressed the importance of partnerships between mining companies and labour, as well as with communities, for mining to be sustainable. Speaking at the inaugural KwaZulu-Natal Mining Indaba, in Newcastle, he noted that such partnership would... 

Further tariff increases would exacerbate Eskom’s death spiral – EIUG

By: Simone Liedtke     18th April 2018 The Energy Intensive User Group (EIUG) of Southern Africa, whose members account for about 40% of electrical energy consumed in the country, has warned that increases to electricity tariffs will exacerbate State-owned power utility Eskom’s “death spiral”. The EIUG is participating in the National... 

Chile's SQM says lithium industry needs at least $10bn investment over 10 yrs

By: Reuters     18th April 2018 The global lithium industry will need $10-billion to $12-billion of investment over the next decade to meet surging demand amid the electric vehicle boom, an executive of Chilean miner SQM said on Wednesday. Demand for the metal is set to grow by 600 000 t to 800 000 t of lithium carbonate... 

Altus raises C$4.11m in private placement

By: Creamer Media Reporter      18th April 2018 Aim-listed Altus Strategies has raised about C$4.11-million by way of a nonbrokered private placement of 27.39-million units at C$0.15 each. Each unit is comprised of one ordinary share and one ordinary share purchase warrant that may be used to buy one ordinary Altus share at C$0.30 for five... 

Orion appoints mining engineer as nonexecutive director

By: Creamer Media Reporter      18th April 2018 ASX- and JSE-listed Orion Minerals, which is developing the Prieska base metals project in South Africa’s Northern Cape, has appointed Michael Hulmes as nonexecutive director. Hulmes is a mining engineer with over 30 years’ senior executive, management 

Pallinghurst receives A$83m following Jupiter IPO

By: Creamer Media Reporter      18th April 2018 JSE-listed Pallinghurst Resources has received A$83.1-million following the relisting of Jupiter Mines on the ASX on Wednesday. Jupiter in March announced its plans to relist on the ASX through an initial public offering (IPO) to new investors of up to 600-million shares at A$0.40 a share, to... 

Ncondezi JDA on track to be concluded by end-July

By: Simone Liedtke     18th April 2018 The joint development agreement (JDA) for Aim-listed Ncondezi Energy’s integrated 300 MW power plant and coal mine project in Tete, Mozambique, remains on track for completion by the end of July. Proposals for the engineering, procurement and construction (EPC) and operations and maintenance... 

Jubilee signs processing agreement with Northam’s Eland Platinum

By: Simone Liedtke     18th April 2018 Jubilee Metals has executed an agreement with Eland Platinum, a wholly-owned subsidiary of Northam Platinum, for the processing of platinum-rich PlatCro material, post-chrome removal. Under the terms of the agreement, Jubilee will deliver 60 000 t/m of PlatCro material to Eland, starting in June. 

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South Africa set to play significant role in Congo potash project

On-The-Air (13/04/2018)

Vision 2030, Ivanhoe board and the PGMs crisis make this week's headlines

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On-The-Air (06/04/2018)

Strong rand eroding South African gold mines’ margins

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