R/€ = 15.63 Change: 0.01
R/$ = 13.94 Change: 0.00
Au 1427.23 $/oz Change: -11.93
Pt 849.55 $/oz Change: -5.89

Africa News

Avenira finds debt solutions

By: Esmarie Iannucci     1st July 2019 ASX-listed Avenira plans to sell its interest in the Baobab phosphate project, in Senegal, and its 7% interest in phosphate technology company Novaphos to a consortium of its three largest shareholders. Under the terms of binding agreements reached with Agrifos Partners, Tablo Corporation and... 

Rio appoints new legal council

By: Esmarie Iannucci     1st July 2019 Diversified major Rio Tinto has appointed Barbara Levi to succeed Philip Richards as group executive, group general counsel from January 1, 2020. Richards will retire from Rio on December 31. 

Gruyere produces first gold

By: Esmarie Iannucci     1st July 2019 The Gruyere gold project, in Western Australia, has produced its first gold bars, with three dore gold bars totaling an estimated 1 139 oz produced from the carbon-in-leach and elution circuits. Project partners Gold Fields and Gold Road Resources on Monday said that, with the delivery of the... 

Mkango terminates earn-in deal, extends Thambani exploration

By: Nadine James     1st July 2019 Aim- and TSX-V-listed Mkango Resources and metals investor Metal NRG have agreed to terminate their heads of terms agreement regarding an earn-in over Mkango’s Thambani licence, in Malawi. Thambani is one of Mkango’s three exclusive prospecting licences in Malawi and features multiple zones of... 

Kusasalethu employees dies in shaft-related incident

By: Creamer Media Reporter      1st July 2019 An employee was killed in a shaft-related incident at Harmony Gold's Kusasalethu mine, near Carletonville, on Friday. An investigation into the incident is under way, the gold miner reported on Monday. 

Gold sinks most in a year as trade truce deals blow to bulls 

By: Bloomberg     1st July 2019 Gold opened the third quarter with a slump back below $1 400/oz after the US and China agreed to a truce in their trade war, dealing a blow for now to havens that were bolstered in recent months by the long-running tensions as well as prospects for looser monetary policy. Prices fell after Donald... 

Gold sinks most in a year as trade truce deals blow to bulls

Opec+ is close to finalising a charter for long-term cooperation

By: Bloomberg     30th June 2019 Opec+ nations are close to finalizing a “charter” for a long-term alliance, with a document likely to be signed as soon as this week, said two delegates. Members of the group received a revised draft of the document on Sunday that appeared to have broad support, one of the delegates said, asking... 

DRC says it will remove illegal miners from Glencore site

By: Bloomberg     30th June 2019 Illegal miners will be removed from the site of a Glencore project in the Democratic Republic of Congo where at least 43 died this week, Interior Minister Basile Olongo told reporters from the mine on Saturday. “From tomorrow, if you come back here, you won’t see any more thieves”, he said from... 

Zambian court withdraws order blocking disposal of Vedanta unit assets 

By: Reuters     28th June 2019 A Zambian court on Friday withdrew an earlier order blocking a provisional liquidator at Vedanta's Konkola Copper Mines (KCM) business from disposing of KCM's assets or making arrangements with its creditors. The about-turn from the Zambian High Court is the latest twist in a dispute between... 

BlueRock expects further improvement in operating times

By: Simone Liedtke     28th June 2019 Aim-listed BlueRock Diamonds expects the operating time at its Kareevlei diamond mine, in Kimberley, South Africa, to increase by more than 30% after it shifted to a 365-day-a-year operation in March. This improvement will add to those improvements already achieved during the company’s 2018... 

Death toll at Glencore’s mine puts spotlight on illegal mining

By: Bloomberg     28th June 2019 The dozens of people killed in a landslide at Glencore’s mine in the Democratic Republic of Congo highlight a constant struggle in the industry: illegal mining. It’s the result of a harsh economic divide across Africa, home to some of the world’s richest reserves of metals and minerals and some... 

Gold set for best month since Brexit vote with G20 on horizon

By: Bloomberg     28th June 2019 Gold is extending its rally to head for the biggest monthly climb since the UK voted to leave the European Union in June 2016. Prices have surged to the highest since 2013 on expectations for looser monetary policy, rising geopolitical tensions and slower global growth amid a prolonged US-China... 

Gold set for best month since Brexit vote with G20 on horizon
US President Donald Trump is meeting China's Xi Jinping at the G20 summmit, in Japan, this weekend.

South Africa's entire coal line to be shut for maintenance – Transnet

By: Reuters     28th June 2019 South Africa will shut down its entire rail network transporting coal from pits to customers for almost two weeks to undertake scheduled repairs, State-owned freight rail logistics firm Transnet said on Friday. Transnet Freight Rail said the shutdown, from July 2 to 11, would cover the entire... 

Bass issues convertible notes

By: Esmarie Iannucci     28th June 2019 ASX-listed Bass Metals will raise up to A$4-million through a tranched issue of convertible notes, allowing Bass to continue exploration to underpin its planned large-scale graphite mining and processing operations. An initial tranche of A$1.41-million of convertible notes has already been... 

Concerted effort needed to arrest decline in South Africa’s gold, platinum output – Dixon  

By: Nadine James     28th June 2019 Gold and platinum mines in South Africa exemplify the Albert Einstein quote on insanity, consulting engineer and industry expert Roger Dixon noted at an African Mining Network event on Thursday evening. He explained that the typical South African mine had to contend with increasing depths,... 

Concerted effort needed to arrest decline in South Africa’s gold, platinum output – Dixon
Roger Dixon

BHP ends WA royalty dispute in A$250m settlement

By: Esmarie Iannucci     28th June 2019 Mining major BHP has reached a A$250-million settlement with the Western Australian government in a royalty dispute. The state government earlier this year said that it would seek royalty payments of up to A$300-million from BHP, which the state believed was underpaid over a 12-year period. 

BHP ends WA royalty dispute in A$250m settlement

Struggling miner Avocet plans to voluntarily liquidate

By: Reuters     28th June 2019 Gold miner Avocet Mining, which has been plagued by a shortage of cash and feeble production, on Friday said its board has proposed voluntary liquidation and that remaining cash should be used to pay creditors. The company had warned in October that it could be broken up as it continued talks... 

Platinum Valley SEZ, Kukama, Orion BFS make headlines  

28th June 2019 This week Mining Weekly editor Martin Creamer discusses the Platinum Valley Special Economic Zone, the Kukama shaft and Orion’s Bankable Feasibility Study.   

Platinum Valley SEZ, Kukama, Orion BFS make headlines
Platinum Valley SEZ, Kukama, Orion BFS make headlines

South African gold sector far from ‘dead’, despite dwindling output 

By: Tracy Hancock     28th June 2019 Although South Africa is now Africa’s second-largest gold producer, after Ghana, its gold mining industry still accounts for more than 21% of the continent’s total mined gold production, precious metals refining and smelting complex Rand Refinery CEO Praveen Baijnath tells Mining Weekly. Almost... 

South African gold sector far from ‘dead’, despite dwindling output

Glencore says 19 people were killed in Congo mine collapse

By: Bloomberg     27th June 2019 Glencore said at least 19 illegal miners were killed when part of a mine collapsed in the Democratic Republic of Congo. The workers entered the mine without permission and put their own lives at risk by digging at the Kamoto industrial site, one of the world’s biggest cobalt mines, Glencore said... 

Accident at Glencore mine kills at least 41 in Congo

By: Reuters     27th June 2019 At least 41 artisanal miners were killed on Thursday when part of a copper and cobalt mine owned by Glencore collapsed in southeast Congo, the provincial governor said. The accident occurred in the KOV open-pit mine at the Kamoto Copper Company (KCC) concession, in which Glencore subsidiary... 

Mgojo confident Exxaro will meet full-year coal production targets 

By: Nadine James     27th June 2019 Exxaro Resources CEO Mxolisi Mgojo is not “too worried” about the expected 5% decline in the miner's coal production for the first half of this year, as he expects the company will meet its full year targets. The company on Wednesday attributed the expected decline in its coal output to reduced... 

Mgojo confident Exxaro will meet full-year coal production targets
Photo by Creamer Media's Dylan Slater
Exxaro CEO Mxolisi Mgojo

Blyvoor to begin producing gold again from Q4 – Skeat 

By: Martin Creamer     27th June 2019 Gold mining is to resume at the old Blyvooruitzicht gold mine in the last quarter of this year, Blyvoor Gold executive chairperson Peter Skeat has told Mining Weekly Online. “We’ve worked very hard and we’re at the point of moving ahead. We’ve got cash, we’ve got no debt, and the employees and... 

Blyvoor to begin producing gold again from Q4 – Skeat
Photo by Creamer Media's Dylan Slater
From left Martin Creamer, Peter Skeat, Alan Smith and Richard Floyd.

Vedanta granted stay on sale of KCM assets  

By: Tasneem Bulbulia     27th June 2019 Diversified miner Vedanta Resources says Lusaka High Court presiding judge Justice Annes Banda-Bobo on Wednesday granted it an order to stay the powers of the Konkola Copper Mines (KCM) provisional liquidator to sell or dispose of KCM’s assets through public tender, or to make any arrangements... 

ZIOC preparing to capitalise on improved iron-ore environment

By: Tasneem Bulbulia     27th June 2019 Aim-listed Zanaga Iron Ore Company (ZIOC) had made considerable progress at its Zanaga iron project, in Congo-Brazzaville in 2018. Reporting on the company’s results for the year ended December 31, 2018, on Thursday, ZIOC stated that the environment for tier one iron-ore projects had also... 

Red Rock progresses exploration in Zambia, DRC

By: Marleny Arnoldi     27th June 2019 Central- and Eastern Africa-focused miner Red Rock Resources has started work on identifying and assessing old drill cores from previous exploration activity at the Musonoi joint venture asset adjacent to Glencore’s Katanga mining assets, in the Democratic Republic of Congo (DRC). The company... 

Edenville starts mining at northern area of Rukwa

By: Tasneem Bulbulia     27th June 2019 Aim-listed Edenville Energy has started mining operations at the new northern area of its flagship Rukwa coal project, in Tanzania, and has also recorded a number of other recent project developments. This start of mining follows the completion of the work carried out on the haul road which runs... 

Gemfields progresses disposals, considers larger share buyback

By: Marleny Arnoldi     27th June 2019 JSE-listed Gemfields on Thursday announced that it had completed the first tranche of the sale of its shares in ASX-listed Jupiter Mines. The company on April 15 informed shareholders of its decision to sell its stake in Jupiter in two tranches. The second tranche is expected to be completed by... 

Goldstone submits economic plan for satellite deposits around Akrokeri project

By: Marleny Arnoldi     27th June 2019 Aim-listed Goldstone Resources has submitted its definitive economic plan (DEP) for the Akrokeri-Homase gold project to Ghana’s Minerals Commission for review. The company is seeking to move rapidly towards establishing its first operating mine within the Homase trend. It says the DEP... 

Jupiter pays special dividend, commissions extra equipment to meet guidance

By: Marleny Arnoldi     27th June 2019 ASX-listed Jupiter Mines on Thursday announced in its report for the quarter ended May 31 that it would pay a special dividend of R1.15-billion to its shareholders at the end of June. This will be in addition to a further dividend for the remainder of the first half of the 2020 financial year.  

Zimbabwe allays fears over gold sales, remittances after currency reform

By: Reuters     27th June 2019 Zimbabwe's central bank has reassured gold companies and people receiving money transfers that they will still be able to receive foreign currency in their bank accounts after a ban takes effect in shops. On Monday, Zimbabwe declared its interim RTGS dollar the only legal tender, ending the... 

Resolute reaches commercial milestone at Syama

By: Esmarie Iannucci     27th June 2019 Gold miner Resolute Mining has achieved commercial production at its Syama underground mine, in Mali. Ore production from the underground mine has achieved more than 80% of nameplate capacity, with the mine producing more than 38 500 t of ore over the last week. 

Resolute reaches commercial milestone at Syama
Syama automation control room

People are dying from pollution in South Africa 

By: Bloomberg     27th June 2019 In Pullens Hope, your eyes itch and your nose clogs. It’s easy to figure out why. On the right side of the main street of the dilapidated village east of Johannesburg is a fenced-off electricity substation with a red sign warning of pollutants. On the left, a power plant belches emissions from... 

Major drill targets confirmed at Katoro’s Haneti nickel project

By: Tasneem Bulbulia     26th June 2019 There are indications that Aim-listed Katoro Gold’s 75%-owned Haneti nickel project, in Tanzania, could host a chonolith-type nickel sulphide deposit. The company would, therefore, push ahead with preparations for a fully funded drilling programme at the two key targets, Mihanza Hill and Mwaka... 

AfriTin confirms notable tin grades at Namibia project

By: Marleny Arnoldi     26th June 2019 In its pursuit to declare a mineral resource estimate for the Uis tin mine, in Namibia, Aim-listed AfriTin Mining has shared the remaining assay results over ten holes from its resource validation drilling programme. Significant intercepts from drilling on the project’s V1 and V2 pegmatites... 

OroTree will not exercise right to acquire ERPM mining infrastructure assets

By: Tasneem Bulbulia     26th June 2019 Dual-listed DRDGold on Wednesday announced that Malaysian exploration company OroTree had elected not to exercise an option to acquire the mining infrastructure assets to access the deep underground ounces of  the East Rand Proprietary Mines (ERPM) gold mine in Boksburg. OroTree, which acquired... 

African nations join majority in opposing US blockage at WTO 

By: Reuters     26th June 2019 African countries have joined the list of nations wanting an end to a US veto on judicial appointments at the World Trade Organization (WTO), a statement showed on Wednesday, meaning a large majority of WTO member States now openly oppose the US position. The US is blocking new appointments... 

Acacia fails to change Barrick’s view on mine plans 

By: Mariaan Webb     26th June 2019 London-listed Acacia Mining’s near-5 000-word rebuttal of claims by its parent company over mine plans for its gold operations in Tanzania has failed to change Barrick Gold’s view. The Toronto-headquartered miner, which is trying to buy out minority shareholders in Acacia without paying a... 

Acacia fails to change Barrick’s view on mine plans

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