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Platinum-linked fuel cell business accelerating at rapid rate, say experts 

By: Martin Creamer     Updated 3 hours ago South Africa is continuing to gather top-tier insight into fuel cell technology as it navigates the electric vehicle market’s growing links to this country’s globally unparalleled platinum group metals industry. Expert after expert at this week’s Nedbank CIB’s Market Research conference outlined... 

Platinum-linked fuel cell business accelerating at rapid rate, say experts
Nedbank CIB Market Research mining analyst Arnold van Graan

Barrick records solid second-quarter performance  

By: Tasneem Bulbulia     Updated 3 hours ago Dual-listed Barrick Gold on Thursday reported a solid operating performance across its portfolio during the second quarter ended June 30, with production of 1.35-million ounces of gold and 97-million pounds of copper. It sold 1.37-million ounces of gold and 96-million pounds of copper during the... 

Barrick records solid second-quarter performance
Mark Bristow

De Beers lowers full-year output expectations on weaker demand 

By: Simone Liedtke     18th July 2019 Diamond miner De Beers has revised its full-year production guidance downward to about 31-million carats, leaning towards the lower end of the previous range of between 31-million and 33-million carats, in response to weaker trading conditions experienced during the second quarter. De Beers is... 

De Beers lowers full-year output expectations on weaker demand

Anglo America’s production rises 2% in second quarter

By: Tasneem Bulbulia     Updated 6 hours ago Diversified miner Anglo American’s copper-equivalent production for the second quarter ended June 30, increased by 2% year-on-year, on the back of the successful ramp-up at the Minas-Rio iron-ore mine, in Brazil, and a strong performance at its metallurgical coal operations following the longwall... 

Anglo America’s production rises 2% in second quarter
Anglo American CEO Mark Cutifani

South32 reports strong end to FY2019

By: Esmarie Iannucci     18th July 2019 Diversified miner South32 has reported a strong finish to the 2019 financial year, with revenue equivalent production growing by 10% in the June quarter and by 3% in the full year, while record production was achieved at the Hillside aluminium operation, and metallurgical coal production from the... 

South32 reports strong end to FY2019
South32 CEO Graham Kerr

High Court rules in favour of Vantage in mine sale dispute

By: Marleny Arnoldi     Updated 2 hours 41 minutes ago The Mpumalanga High Court on Wednesday ruled in favour of Vantage Goldfields South Africa, in its dispute with Flaming Silver, a subsidiary of Siyakhula Sonke Empowerment Corporation (SSC), about the transfer of the Lily and Barbook mine assets. Vantage CEO Mike McChesney said in a statement... 

High Court rules in favour of Vantage in mine sale dispute
Lily Mine portal entrance

Court reserves judgment in Vedanta application against winding up Zambia operations

By: African News Agency      18th July 2019 Johannesburg's high court has reserved judgment in Vedanta Resources' application for an urgent interim interdict against the Zambian government's appointment of a provisional liquidator to wind up Konkola Copper Mine (KCM) operations. The Indian-owned mining company is challenging Lusaka's... 

Amplats maintains full-year guidance

By: Tasneem Bulbulia     18th July 2019 Anglo American Platinum still expects to achieve its full-year metal-in-concentrate production guidance of 4.2-million to 4.5-million platinum group metal (PGM) ounces. For the second quarter, its PGM output increased by 1% to 1.12-million ounces. 

Platinum giants eye Sibanye's gold mining deal as wage yardstick

By: Bloomberg     18th July 2019 South African platinum producers could use Sibanye-Stillwater’s pay settlement with gold miners earlier this year as a benchmark in wage talks with labour unions, according to a person familiar with the matter. Following a five-month strike that was eventually declared illegal, Sibanye agreed to... 

Kumba’s first-half sales increase reflective of improved rail performance

By: Simone Liedtke     18th July 2019 JSE-listed Kumba Iron Ore’s sales for the six months ended June 30, increased by 1% to 21.3-million tonnes, while export sales increased by 2% to 19.9-million tonnes, ultimately reflecting an improvement in rail performance which allowed the miner to meet sustained demand. During the second... 

Zambia first-half copper output down 4% – Mines Ministry

By: Reuters     Updated 4 hours ago Zambia's copper production dropped 4% to 393 419 t in the first six months of the year, ministry of mines data showed on Thursday. Mines Permanent Secretary Paul Chanda attributed the decline to challenges such as declining ore grades but said full-year output is likely to exceed 2018 figures. 

Centamin says business outlook continues to improve

By: Rebecca Campbell     Updated 4 hours ago Dual London- and Toronto Stock Exchange-listed gold miner Centamin, whose current main asset is the Sukari gold mine in Egypt, announced on Thursday that the amount of gold produced by the mine during the second quarter of this year (2Q19) was slightly (1%) higher than the production during the... 

Shanta lifts first-half gold output by 11% y/y

By: Natasha Odendaal     Updated 6 hours ago Aim-listed Shanta Gold on Thursday posted an 11% year-on-year increase in gold production to 42 230 oz for the first half of this year. The East Africa-focused gold producer, developer and explorer’s production for the second quarter, at 19 856 oz, was, however, lower than the 22 374 oz produced... 

Edenville expects to be cash positive within next nine months

By: Simone Liedtke     Updated 7 hours ago Coal mining has now started in the new northern mining area of Aim-listed Edenville Energy’s flagship Rukwa coal project, in Tanzania. CEO Rufus Short on Thursday said that, as the project was developed further, the company expected significant quantities of coal could be extracted from the area. 

Botswana Diamonds raises £250 000

By: Creamer Media Reporter      Updated 6 hours ago Aim-listed Botswana Diamonds has raised £250 000, through the placing of 50-million shares with new and existing investors at 0.5p a share. This represents about 7.98% of the company's issued share capital. 

Perseus sits steady as Yaouré looms

By: Esmarie Iannucci     18th July 2019 Gold miner Perseus Mining on Thursday reported that gold production for the three months to June had reached 64 125 oz, bringing interim production to 131 269 oz and full year production to 271 824 oz. The Edikan mine, in Ghana, produced 42 555 oz during the quarter under review, while... 

Orca-Avant combination creates new West Africa explorer

By: Creamer Media Reporter      Updated 6 hours ago A new private mineral exploration company focused on West Africa is to emerge from the combination of Avant Minerals and the Côte d'Ivoire assets of TSX-V-listed Orca Gold. The new company, Montage Gold, will initially be owned 60% by Orca and 40% by Avant, prior to the completion of a... 

Kavango receives assay results from Ditau Camp prospect

By: Tasneem Bulbulia     Updated 7 hours ago Aim-listed Kavango Resources has received assay results from the two holes drilled at the Ditau Camp prospect, in Botswana, from Genalysis Laboratories in Australia. A total of 489 core samples were prepared by Intertek Laboratories in Johannesburg and assayed for 65 elements by Genalysis using... 

SilverCrest gains permit for Las Chispas

By: Mariaan Webb     Updated 2 hours 51 minutes ago Canada-headquartered SilverCrest has been granted environmental approval for the development of the Las Chispas project, in Sonora, Mexico, which now positions the company to complete project finance and to begin construction activities in the second half of next year. The operating permit... 

Eric Sprott participates in Discovery's C$9m placement

By: Creamer Media Reporter      Updated 4 hours ago Mexico-focused exploration company Discovery Metals has announced a C$9-miillion nonbrokered private placement of shares, in which investor Eric Sprott has agreed to participate. The TSX-V-listed firm will issue 23 216 174 common shares at C$0.23 a share and 15 935 000 subscription receipts at... 

Scotgold gives up Portugal licence

By: Creamer Media Reporter      Updated 5 hours ago London-listed Scotgold announced on Thursday that it would not extend the Pomar exploration licence in Portugal, and that it had applied to terminate the licence. This follows the earlier falling through of an earn-in agreement that Scotgold had with South African exploration firm PanEx. 

Tight global supply puts low grade Indian iron-ore fines back on international buyers’ shopping lists

By: Ajoy K Das     Updated 7 hours ago Tightening of supplies of iron-ore from global resource majors has triggered a spike in outward shipments of the steelmaking raw material through Indian ports and also put low grade fines back in favour with global steel mills. According to data sourced from the Indian Ports Association, outward... 

South Arturo's El Nino underground mine ahead of schedule

By: Mariaan Webb     18th July 2019 The El Nino underground mine under construction at South Arturo – a joint venture (JV) operated by Barrick Gold and Newmont Goldcorp’s newly formed Nevada Gold Mines – is progressing ahead of schedule. This is according to 40% owner in South Arturo, TSX-listed Premier Mines, which on Wednesday... 

Three French soldiers killed by toxic fumes in Guyana illegal mine operation

By: Reuters     18th July 2019 Three French soldiers died from toxic fumes during an operation targeting illegal gold miners in French Guyana, the Defence Ministry said on Thursday. The Ministry said the soldiers were preparing to place explosive charges to destroy the underground facilities used by the miners when eight of... 

Does renewables pioneer Germany risk running out of power?

By: Reuters     18th July 2019 Germany, a poster child for responsible energy, is renouncing nuclear and coal. The problem is, say many power producers and grid operators, it may struggle to keep the lights on. The country, the biggest electricity market in the European Union, is abandoning nuclear power by 2022 due to safety... 

Does renewables pioneer Germany risk running out of power?

Alacer gains on sale of Gediktepe project

By: Mariaan Webb     18th July 2019 Gold miner Alacer Gold’s stock closed nearly 6% up on Wednesday in Toronto, following the sale of its 50% nonoperating interest in the Gediktepe project, in Turkey, to its joint venture (JV) partner. Alacer, which also maintains a secondary listing on the ASX, said that it retain a 10% net... 

Mineral Resources shares fall on report

By: Esmarie Iannucci     18th July 2019 The share price of ASX-listed Mineral Resources recovered slightly on Thursday to close at A$14.78 a share, after a significant fall earlier this week. Share prices fell from A$15.53 a share to A$14.75 a share earlier this week after media reports suggested that the company had been blocked from... 

Pluto turnaround impacts Woodside's quarter

By: Esmarie Iannucci     18th July 2019 Oil and gas producer Woodside has seen production and sales revenue in the June quarter decline on the back of a major turnaround at the Pluto liquefied natural gas (LNG) project. The company previously flagged an extension of the turnaround after the mixed refrigerator compressor experienced... 

Western Areas hits targets in 2019

By: Esmarie Iannucci     18th July 2019 Nickel miner Western Areas has hit its production targets in the full year ended June, delivering another consistent quarter in the three months to June. Western Areas produced 5 423 t of nickel in the June quarter, bringing full year production to 23 208 t, with total nickel-in-concentrate... 

De Grey raises funds for Indee buy

By: Esmarie Iannucci     18th July 2019 ASX-listed De Grey Mining is hoping to raise A$22-million to fund the acquisition of the Indee gold project, in Western Australia. De Grey at the start of 2017 struck a deal with Northwest Nonferrous Australia Mining to acquire its wholly-owned subsidiary Indee Gold, which holds the Indee Gold... 

Santos reports a stellar first half

By: Esmarie Iannucci     18th July 2019 Oil and gas major Santos has reported record interim results for the six months to June, with production growing to 37-million barrels of oil equivalent, up 32% on the previous corresponding period. “Our disciplined operating model and approach to capital allocation has delivered a strong first... 

Stanmore posts record quarter

By: Esmarie Iannucci     18th July 2019 Coal miner Stanmore Coal has reported record saleable production for the three months to June, with a 130% increase in saleable coal production, compared with the previous corresponding period. Saleable coal production for the June quarter reached 721 000 t, up from the 314 000 t reported in... 

McEwen lowers production forecast on delays at new Nevada mine

By: Mariaan Webb     17th July 2019 Precious metals miner McEwen Mining on Wednesday lowered its gold production guidance by 6%, after its new Gold Bar and Black Fox mines, in Nevada and Ontario, respectively, performed weaker than expected in the second quarter. The gold guidance for the year is now to produce 152 000 oz, which... 

Sweden seeks lithium tie-ups in South America amid 'white gold' rush

By: Reuters     17th July 2019 Sweden is turning its gaze towards Peru and other South American countries for lithium tie-ups amid a global race to lock in supply of the "white gold" metal that is key for the batteries that power electric vehicles. A senior trade official from the Scandinavian nation told Reuters by phone... 

Sweden seeks lithium tie-ups in South America amid 'white gold' rush

Zululand Anthracite Colliery appoints first black GM

By: Nadine James     17th July 2019 Mining investment company Menar’s Zululand Anthracite Colliery (ZAC) subsidiary has appointed Siyabonga Mathonsi as its first black GM since mining operations began in 1987. His appointed is effective July 15. 

 Zululand Anthracite Colliery appoints first black GM
Siyabonga Mathonsi

South Africa positioning itself within platinum-rich hydrogen economy

By: Martin Creamer     17th July 2019 Nurturing new forms of economic activity brought about by the green economy was important, President Cyril Ramaphosa’s economic advisor Trudi Makhaya emphasised on Wednesday. Speaking at the fuel cell conference organised by Nedbank CIB Market Research, Makhaya said a point of rupture had been... 

South Africa positioning itself within platinum-rich hydrogen economy
Photo by Creamer Media's Veronica Creamer
Trudi Makhaya

Zim government prioritises RHA's tungsten project recommissioning

By: Nadine James     17th July 2019 The Zimbabwe Electricity Supply Authority has been requested to electrify London-listed Premier African Minerals’ RHA tungsten mine, with the project now considered a priority for the Zimbabwean government. Premier, which holds a 49% interest in RHA and is the operator, on Wednesday said... 

Zambia expects bids for KCM within weeks – Minister

By: Reuters     17th July 2019 Zambia's Minister of Mines Richard Musukwa said on Wednesday nine companies would submit bids for Konkola Copper Mines, which is at the centre of an ownership dispute with Mumbai-listed Vedanta, within weeks. "The bidding process will start once all the companies have conducted due diligence and... 

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