R/€ = 15.24 Change: -15.09
R/$ = 13.95 Change: -13.81
Au 1265.70 $/oz Change: -0.57
Pt 934.00 $/oz Change: -1.00

Email me free daily news

Email address

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

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

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... 

World Bank raises 2017 price outlook for oil and metals

By: Terence Creamer     Updated 7 hours ago 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

South Africa Parliamentary committee approves draft minerals law

By: Bloomberg     20th October 2016 South African lawmakers said they will persist with approved amendments to the country’s oil and mining laws, rejecting concerns raised by President Jacob Zuma about the constitutionality of changes to the legislation first passed more than two years ago. While lawmakers in the world’s largest... 

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... 

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... 

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... 

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... 

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.  

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. 

China meets over 80% of capacity reduction target in coal, steel

By: Reuters     20th October 2016 China has completed more than 80% of this year's capacity reduction goals in its coal and steel sectors as of end-September, said Huang Libin, an official from the Ministry of Industry and Information Technology (MIIT), on Thursday. Huang, deputy director of the MIIT's Bureau of Performance... 

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

Glencore sells GRail for A$1.4bn

By: Esmarie Swanepoel     20th October 2016 Miner Glencore has struck a A$.1.4-billion deal to divest of its rail coal haulage business in the New South Wales Hunter Valley. The 40-million-tonne-a-year Glencore Rail (GRail) business has been sold to Genesee & Wyoming Australia, which will continue to service the majority of Glencore’s... 

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... 

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... 

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

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

Rox buys Collurabbie

By: Esmarie Swanepoel     20th October 2016 Junior Rox Resources will pay A$25 000 and issue 7.4-million of its shares to fellow listed Falcon Minerals, to gain hold of the Collurabbie nickel project, some 70 km east of the company’s Fisher East nickel sulphide and Mt Fisher gold projects. The Collurabbie project consists of two... 

BC govt sued over 2014 Mount Polley mine disaster

By: Henry Lazenby     20th October 2016 Mining-focused nongovernmental organisation (NGO) MiningWatch Canada has sued the British Columbia government and the Mount Polley Mining Corporation (MPMC) for violations of the federal Fisheries Act over the 2014 mine waste disaster. According to a press release, the NGO claims the spill was... 

Kerr starts dewatering flagship Copperstone project

By: Henry Lazenby     20th October 2016 Toronto-based precious metals project developer Kerr Mines has started to dewater its flagship Copperstone mine, in Arizona, in the US. The TSX-listed firm plans to rehabilitate and restart production at the mine, which previously produced nearly half-a-million ounces of gold through openpit mining. 

Feasibility study boosts Gruyere's gold output

By: Esmarie Swanepoel     20th October 2016 A feasibility study has increased the Gruyere gold project's expected output from 265 000 oz/y to 270 000 oz/y and also increased its expected capital costs from A$455-million to A$507-million. Owner of the Western Australia-based project, Gold Road Resources, on Thursday told shareholders that... 

Difficult partner search jeopardises Areva State rescue

By: Reuters     20th October 2016 French Areva is struggling to find a buyer for its new nuclear fuel unit, analysts and sources said, a key condition for the European Union to clear a State rescue package for the group, hit by years of losses. Experts say third-party investment would prove to the European Commission that the new... 

Guinea opens container port in $5bn UAE bauxite complex

By: Reuters     20th October 2016 Guinea opened a new container terminal on Wednesday, part of a bauxite complex being developed in the West African country by Abu Dhabi investment fund Mubadala. Mubadala signed a $5-billion agreement with Guinea in 2013 to develop a bauxite mine, alumina refinery and a port in Guinea to secure... 

Oppenheimer, De Beers polishing diamond tourism's sparkle 

     20th October 2016 The value of diamond properties to South African ecotourism was highlighted at the seventh Oppenheimer De Beers Group Research Conference where the outcomes of a range of research projects were highlighted. Mining Weekly editor Martin Creamer attended and speaks to Creamer Media's Sashnee Moodley... 

Oppenheimer, De Beers polishing diamond tourism's sparkle

BHP sinks cash into Nickel West to revive operations

By: Esmarie Swanepoel     20th October 2016 The future of mining giant BHP Billiton’s Nickel West arm appears solid as the company focused on extending its current operating life from 2023 to 2032, and sinks cash into maintaining its asset integrity. BHP, which has unsuccessfully tried to sell its nickel businesses, has invested... 

BHP sinks cash into Nickel West to revive operations
Nickel West president Eduard Haegel

Western Areas MD urges nickel miners to focus on operations

By: Esmarie Swanepoel     20th October 2016 Nickel miner Western Areas MD Dan Lougher has called on the industry to ignore market speculation and “get on with business”. Speaking at the Paydirt Nickel Conference, in Perth, he said on Thursday that despite the negativity in the market around Indonesia’s ban on laterite exports and the... 

Production records lift Woodside revenue nearly 20%

By: Esmarie Swanepoel     20th October 2016 Australian oil and gas major Woodside has reported a near 20% increase in third-quarter revenue, as a number of liquid natural gas (LNG) production records were set. The company produced 25.2-million barrels of oil equivalent during the September quarter, which is an increase of 13.5% on the... 

Fortescue reports solid quarter

By: Esmarie Swanepoel     20th October 2016 Iron-ore miner Fortescue has reported a minor increase in production for the first quarter ended September, as production and shipments remained within guidance. The miner told shareholders on Thursday that it had produced 49.5-million tonnes of ore in the three months to September – a 4%... 

Fortescue reports solid quarter
Photo by Bloomberg
Fortescue CEO Nev Power

Brazil to offer thousands of mineral rights areas in H1 2017

By: Reuters     20th October 2016 Brazil's government plans to sell rights to as many as 22 000 mineral exploration areas in the first half of 2017, the president of the country's geological service (CPRM) Leonardo Ledsham said on Wednesday. Brazil also plans to sell nine large, strategic mining projects, he said, including: the... 

India likely to offer 'on-tap' oil, gas exploration licensing next year

By: Ajoy K Das     20th October 2016 India will next year start offering ‘on-tap’ licensing for un-explored oil and gas field across the country through a continuous auctioning process under an open acreage policy. Despite facing challenges in attracting investments for greenfield projects in a depressed oil and gas pricing... 

BHP scolded for tax 'dummy spit' by former Australian Treasurer

By: Bloomberg     20th October 2016 Former Australian Treasurer Wayne Swan labelLed BHP Billito’s response to his allegations of tax evasion a “dummy spit” and demanded an explanation for its practice of funneLling some sales of resources in the nation through Singapore to lower its tax burden. “The dummy spit by BHP executives in... 

Rio Tinto cuts 2016 iron-ore target by 10Mt

By: Esmarie Swanepoel     20th October 2016 Diversified miner Rio Tinto has downgraded its iron-ore shipment expectations for 2016, after port and rail maintenance during the third quarter reduced shipments by 5% year-on-year to 80.9-million tonnes. Rio is now expecting to ship between 325-million and 330-million tonnes of iron-ore in... 

Rio Tinto cuts 2016 iron-ore target by 10Mt
Rio Tinto CEO Jean-Sebastian Jacques

Kodal shifts focus to Africa lithium, gold projects

By: Megan van Wyngaardt     19th October 2016 Exploration company Kodal Minerals has requested a temporary withdrawal from the planning process for its noncore Kodal phosphate and titanomagnetite project in southern Norway, to prioritise development of its recently acquired high-grade lithium projects in Mali and its wider gold portfolio in... 

ELB as EPC contractor for Gamsberg process, water plants

By: Megan van Wyngaardt     19th October 2016 Engineering solutions provider ELB’s Engineering Services subsidiary has been appointed by Black Mountain Mining, a subsidiary of Vedanta Resources, to provide engineering, procurement and construction (EPC) services at the Gamsberg zinc project, in the Northern Cape. The company will oversee the... 

Acid mine water quick-fix possible as water deficit looms, Oppenheimer, De Beers told 

By: Martin Creamer     19th October 2016 Water-constrained Gauteng may see an acid mine drainage (AMD) quick-fix in order to save the fresh water from the Lesotho Highlands Water Project from being wasted on AMD dilution instead of being available to the economy, environmental adviser Dr Anthony Turton said on Wednesday. Delivering the... 

Acid mine water quick-fix possible as water deficit looms, Oppenheimer, De Beers told
Photo by Duane Daws
Environmental adviser Dr Anthony Turton

W Resources ships first tungsten from Spanish mine

By: Megan van Wyngaardt     19th October 2016 Aim-listed W Resources has shipped its first load of tungsten concentrate since the start-up of its La Parrilla operations, in Spain, in September. Tin separation from tungsten concentrate has now started at the plant, enabling the production and sale of both tungsten and tin in the coming months. 

Latest News  by  


Company Post


Latest Videos and Audio

Coal junior aiming to up production to 10Mt, list on JSE

Oppenheimer, De Beers polishing diamond tourism's sparkle

Oppenheimer, De Beers polishing diamond tourism's sparkle

Gamsberg project cost lowered as zinc price outlook brightens

On-The-Air (14/10/2016)

Busy week for SA mining

Resources Watch

Joburg Indaba Highlights


Services News

Consulting Engineers

Contract Mining

Crushing and Screening

Drilling and Tunnelling


Energy Services


Furnaces and Kilns

Materials 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