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Gokona underground mine gets green light, first ore expected H1 2015

By: Natasha Odendaal The final applications to secure permits to start underground mining at the Gokona pit at North Mara, in Tanzania, were set to be submitted after the board of the newly renamed Acacia Mining approved the project’s definitive feasibility study. The gold miner, formerly called African Barrick Gold,... 

Gokona underground mine gets green light, first ore expected H1 2015

Union urges Eskom to rethink severance packages, focus on rebuilding staff morale

By: Terence Creamer Trade union Solidarity, which has 7 000 members working at Eskom, is urging the State-owned utility to abandon its voluntary-severance offer to employees and focus instead on rebuilding staff morale as part of a broader effort to improve the currently dire outlook for electricity supply. CEO Dirk... 

Union urges Eskom to rethink severance packages, focus on rebuilding staff morale
Photo by Reint Dykema
Solidarity CEO Dirk Hermann

Competition Commission recommends approval of Anglo American, Samancor transaction

By: Leandi Kolver The Competition Commission on Thursday recommended the approval of the merger that would see mining major Anglo American gain joint control over chrome-ore mining and smelting group Samancor, without conditions. Anglo American already held a 40% stake in Samancor, with mining company BHP Billiton... 

Zimbabwe defers raw platinum tax penalty on companies

By: Reuters Zimbabwe has deferred a 15% tax penalty on mining firms who export raw platinum to 2017, giving the companies time to build refineries in the southern African nation, Finance Minister Patrick Chinamasa said. Presenting the 2015 budget to lawmakers on Thursday, Chinamasa confirmed the government... 

Platreef development hit by ‘trouble-makers’

By: Natasha Odendaal The development of the latest major new underground, mechanised platinum mine, near Mokopane, in Limpopo, has been marred by a “small group” of people instigating animosity towards the emerging operation. However, TSX-listed Ivanhoe Mines, led by founder Robert Friedland, on Thursday vowed it... 

Sustainability reporting on the rise among JSE-listed companies

By: Leandi Kolver This year, 82 companies met the JSE’s Socially Responsible Index (SRI) requirements relating to environmental, social and governance (ESG) policies and management practices, compared with only 72 companies in 2013, as companies become more aware of how they communicate sustainability management... 

Sustainability reporting on the rise among JSE-listed companies

Glencore invests in Congo hydropower as solution to blackouts

By: Reuters Glencore and its partner in Congo are ploughing $360-million into refurbishing the African nation's main hydroelectric plant as mining companies seek ways to overcome power shortages that are holding back projects. Mining investment has poured into Democratic Republic of Congo since 2006, after... 

Shanta to undertake additional drilling at New Luika

By: Creamer Media Reporter East Africa-focused Shanta Gold will undertake 5 000 m of additional drilling to further optimise the bankable feasibility study and decrease the risk profile of the planned life-of-mine (LoM) extension at its New Luika gold mine, in south-western Tanzania. In October, Shanta said it had... 

Mponeng stoping, development activities halted following fatality

By: Leandi Kolver Stoping and development activities at gold miner AngloGold Ashanti’s Mponeng mine, near Carletonville, have been suspended following the death of an employee. The deceased, a scraper winch operator, had been fatally injured in a fall-of-ground incident on Tuesday. 

Glencore Finance extends, increases Katanga loan facilities

By: Leandi Kolver TSX-listed Katanga Mining on Wednesday announced the execution of extended and increased loan facilities with Glencore Finance. Katanga said the maturity date of its existing term loan facility agreement with Glencore Finance, which had been used to fund, in substantial part, the redemption of... 

Goldman, BASF, HSBC accused of metals price fixing – US lawsuit

By: Reuters Goldman Sachs Group Inc, Germany's BASF SE and two other big platinum and palladium dealers have been sued in the United States in what the plaintiff's law firm called the first nationwide class action over alleged price-fixing of the metals. In a complaint filed on Tuesday in the US District... 

Work started towards defining Agata limestone resource

By: Leandi Kolver Joint venture company Agata Mining Ventures (AMVI) has started with an exploration programme aimed at defining a National Instrument (NI) 43-101-compliant resource estimate at its Agata limestone project, in the Philippines. The NI 43-101 report was expected to be released following the... 

Lydian gets thumbs up for Amulsar gold project

By: Natasha Odendaal TSX-listed Lydian International on Thursday said its 100%-owned subsidiary Geoteam had secured approval from the Ministry of Energy and Natural Resources of Armenia for a mining right for the Amulsar gold project, in Southern Armenia, in the Middle East. The mining right provided the green light... 

Rambler Metals’ Q1 output in line with guidance

By: Mariaan Webb Dual-listed Rambler Metals and Mining said on Thursday that its first-quarter production results were in line with its guidance for the 2015 financial year, despite a weaker quarter-on-quarter production performance. During the three-month period to the end of October, the TSX-V- and Aim-listed... 

Indian govt trade union arm puts up roadblock to coal sector reform

By: Ajoy K Das The Indian government’s frantic efforts to push through legislative reforms in the coal sector have hit a roadblock from the ruling party’s own trade union wing. Trade union Bharatiya Mazdoor Sangh (BMS), the labour organisation allied to the ruling Bharatiya Janata Party (BJP), has raised a red... 

Rio and Dominion JV approves $350m Canada diamond investment

By: Esmarie Swanepoel Diversified miner Rio Tinto has given the green light for the development of the fourth pipe, known as A21, at its Diavik diamond mine, in Canada’s Northwest Territories. The A21 pipe development was part of the original mine plan and is estimated to cost $350-million over four years. 

Rio and Dominion JV approves $350m Canada diamond investment

Coastal water boundary changes a major boost for WA

By: Esmarie Swanepoel Changes to the commonwealth offshore coastal waters boundaries could deliver an additional A$2.9-billion in state royalties from the Torosa field alone, Western Australian Mines and Petroleum Minister Bill Marmion said this week. The state government this week approved legislation that would... 

WA industry bodies welcome Aboriginal Heritage Act changes

By: Esmarie Swanepoel The Western Australian resources sector has welcomed the introduction of the Aboriginal Heritage Amendment Bill to Parliament, saying it would improve efficiency, decision-making, transparency and compliance in the development approvals process of major projects. Aboriginal Affairs Minister... 

WA industry bodies welcome Aboriginal Heritage Act changes

A$1.2bn Persephone investment approved - Woodside

By: Esmarie Swanepoel ASX-listed Woodside and its joint venture (JV) partners in the North West Shelf project have approved the development of the Persephone project, offshore Australia. The project, which would require a total investment of A$1.2-billion, would involve a twowell, 7 km subsea tieback from the... 

Keysbrook construction given green light

By: Esmarie Swanepoel The board of mineral sands developer MZI Resources on Thursday confirmed a final investment decision on the Keysbrook project, in Western Australia, following the completion of all funding conditions. Company chairperson Mal Randall said that having satisfied all conditions precedent to access... 

Aurelia cuts the ribbons at Hera

By: Esmarie Swanepoel Junior metals producer Aurela Metals has formally opened its Hera mine, in New South Wales, some two months after the first gold was poured. The flagship project consists of the high-grade underground Hera gold/lead/zinc/silver mine and the Nymagee copper deposit. Hera is expected to produce... 

Guildford given leave to expand production

By: Esmarie Swanepoel Coal developer Guildford Coal has been given the go-ahead from the Mineral Resources Authority of Mongolia to increase its mining capacity from 1.5-million tonnes a year in 2015, to 2-million tonnes a year by 2016. Guildford group MD Peter Kane said on Thursday that the approval allowed the... 

Nova plan gets state approval

By: Esmarie Swanepoel The Western Australian Department of Mines and Petroleum has approved ASX-listed nickel developer Sirius Resources’ project management plan for its Nova project. Construction at Nova remained on track to start in January next year, subject to financing and the receipt of final approvals and... 

Paringa looks at second mine at Buck Creek

By: Esmarie Swanepoel Coal hopeful Paringa Resources would start a technical study on a second mine at its Buck Creek operation, in the US, before releasing the results of a prefeasibility stud (PFS) on the first mine. The Buck Creek mining complex includes the Buck Creek No 1 mine area, previously known as the Buck... 

R10bn aluminium supply deal signed with black consortium

By: Creamer Media Reporter Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about BHP Billiton's R10-billion, five-year liquid metal supply contract with Isizinda Alumnium. 

R10bn aluminium supply deal signed with black consortium

Chile mining sector to double energy demand by 2025

By: Reuters Chile's sprawling mining industry, responsible for around a third of global copper output, is set to nearly double its electricity use by 2025 as multibillion-dollar investments come to fruition, state copper commission Cochilco said on Wednesday. Top copper producer Chile has seen energy costs... 

Resources Watch

By: Creamer Media Reporter This week: Technology initially developed for the oil and gas industry enables the visualisation of the subsurface of an entire mining area. The Central African Republic is the new ‘blood diamond’ hub. And, technology slashes power use at Glencore's huge South African chrome smelter. 

Resources Watch

Miners ask court to lift ban on uranium mining near Grand Canyon

By: Reuters The American mining industry is asking a federal appeals court to overturn a ban on new uranium mining claims near the Grand Canyon in a legal battle with environmentalists over impacts on the premier US park. In 2012, the Obama administration set aside for 20 years new mining claims and limited... 

Freeport Indonesia says copper output at 80% of capacity

By: Reuters Production at Freeport-McMoRan Inc's huge Indonesian copper mine has yet to return to full capacity after an export dispute with the government and disruption related to workers' safety concerns, the local CEO said on Thursday. Relations between Freeport and its workforce remain strained after a... 

AMVI modifying DSO operations to increase Agata revenue

By: Leandi Kolver Joint venture company Agata Mining Ventures (AMVI) was modifying its high-iron/low nickel direct shipping ore (DSO) operations to include shipments of ore containing higher nickel content to increase revenues at its Agata nickel laterite project in the Philippines. AMVI, in which TVI Resource... 

Etango heap leach plant construction on track

By: Creamer Media Reporter ASX-listed Bannerman Resources on Wednesday said the construction of its Etango heap leach demonstration plant, in Namibia, was on track for completion early in 2015. The activities completed since awarding the contracts in September included the establishment of the site infrastructure,... 

Allied Nevada optimises Phase 1 of Hycroft mill expansion

By: Mariaan Webb US precious metals miner Allied Nevada Gold has lowered the cost of the first phase of its Hycroft mill expansion project by reviewing the construction sequence of infrastructure and other components. The company said on Wednesday that it could begin operation of the first line of the mill for a... 

Allied Nevada optimises Phase 1 of Hycroft mill expansion

ABG shareholders approve name change to Acacia Mining

By: Leandi Kolver African Barrick Gold (ABG) shareholders on Wednesday voted in favour of the company’s proposed name change to Acacia Mining, with the new name to come into effect on Thursday. ABG earlier this month explained that its core objective was to develop a business that was recognised as a leading... 

Cartesian invests in IC Potash subsidiary

By: Creamer Media Reporter Cartesian Capital Group has made a $10-million strategic investment in project developer IC Potash (ICP) subsidiary Intercontinental Potash Corp USA (ICPUSA), which owns the Ochoa sulphate of potash project, in New Mexico. Cartesian had acquired 500 000 class A preferred shares of ICPUSA at a... 

SA coal-related R&D inadequate – ASSAf

By: Leandi Kolver South Africa’s investment in coal-related research and development (R&D) was inadequate, given the fact that coal would continue to dominate the country’s energy supply for the foreseeable future, a recent study by the Academy of Science of South Africa (ASSAf) showed. In its study, titled ‘The... 

SA coal-related R&D inadequate – ASSAf

Forsys reports positive metallurgical results for Namibia project

By: Creamer Media Reporter SGS South Africa has completed a metallurgical study on Namibia-focused uranium explorer Forsys Metals’ Norasa project, which comprises the Valencia and Namibplaas projects. The metallurgical study was a major component of the feasibility study (FS) for the project, which was being prepared by... 

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