- Home
- Latest News
- Sector News
- World News
- Magazine
- Video Reports
- Audio
- Research
- Press Office
- Electra Mining
- Announcements
- Topics
- What's On
- Jobs
- Tenders
- Mining Indaba
- Apps
- Suppliers Directory
- About Us
- Legal Notice
- Comment Guidelines
- Marketing Videos
Europe News
World's central banks want more gold as India joins spree
By: Bloomberg Updated 2 hours 1 minute ago India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide bullion demand as top economies diversify their reserves. The Reserve Bank of India’s purchases are part of a wider picture across... →
Antofagasta copper output rises as China fears threaten demand
By: Reuters Updated 2 hours 48 minutes ago Chile-focused copper miner Antofagasta posted a 22.6% jump in first-quarter copper production and maintained its full-year output outlook, despite the possibility that China may ease stimulus measures which could hurt prices. Antofagasta said on Wednesday production in the quarter was bolstered... →
BMW to buy cobalt direct from Australia, Morocco for EV batteries
By: Reuters Updated 4 hours ago German carmaker BMW will buy cobalt, a key component for electric vehicle (EV) batteries, directly from mines in Australia and Morocco to ensure they are not produced by child labour, an executive said on Tuesday. The announcement came as the London Metal Exchange (LME) launched an initiative... →
Ferrexpo says charity could have 'misappropriated' funds
By: Reuters 23rd April 2019 Ukraine-focused iron-ore pellet producer Ferrexpo on Tuesday said that some funds of a charity it donates to could have been "misappropriated" as indicated by findings of an independent investigation. The company said although the Independent Review Committee's investigation into Blooming Land's... →
Polyus reports strong first quarter
By: Creamer Media Reporter 23rd April 2019 Russian gold miner Polyus produced 600 700 oz of gold in the first quarter of 2019, which is 19% more than what the company produced in the same period a year earlier. Compared with the fourth quarter of 2018, total output was down 6%, and the London-listed gold miner explained on Tuesday that... →
Vast wraps up sale of Zim gold assets
By: Creamer Media Reporter 23rd April 2019 Shareholders in Vast Resources on Tuesday approved the sale of the company’s Zimbabwe gold assets, including the Pickstone Peerless and Eureka mines. Shareholder approval was the final condition precedent to the sale of Aim-listed Vast's 50.01% interest in Ronquil Enterprises, through which it... →
Alrosa goes deeper at Aikhal underground mine
By: Creamer Media Reporter 23rd April 2019 Russian diamond major Alrosa has announced an investment of ten-billion ruble in a project that will extend the life of the Aikhal underground mine up to 2044, sustaining 500 jobs. The mining company has approved the stripping and mining of Aikhal pipe reserves at the levels of between 100 m and... →
Global Witness welcomes LME’s new responsible sourcing rules 
By: Marleny Arnoldi 23rd April 2019 International nongovernmental organisation (NGO) Global Witness has welcomed the London Metal Exchange’s (LME’s) new responsible sourcing rules, which were published for public consultation on Tuesday. The exchange’s responsible sourcing roadmap is intended for LME-listed brands and builds on a... →
De Beers COO Nancy Liu to lead Forevermark
By: Marleny Arnoldi 23rd April 2019 Diamond miner De Beers Group has appointed its COO Nancy Liu CEO of its Forevermark brand. She succeeds Stephen Lussier, who remains De Beers group executive for consumer, brands VP and now also Forevermark chairperson. →
Cornerstone and Newcrest in definitive Ecuador option agreement
By: Creamer Media Reporter 23rd April 2019 Australian major Newcrest has signed a binding option and farm-in agreement with exploration company Cornerstone Capital Resources over the Caña Brava and Tioloma properties in Ecuador, targeting epithermal gold/silver and porphyry gold/copper deposits. The agreement replaces the heads of... →
Anglo steps up defense to repel Agarwal's interest – Telegraph
By: Bloomberg 23rd April 2019 Anglo American has hired three investment banks to fend off a potential takeover bid from the billionaire owner of Vedanta Resources, Anil Agarwal, the Telegraph reported, citing unidentified people. Agarwal has previously stated he had no intention to take over the miner, but bankers think he... →
Russian, Angolan diamond groups sign MoU
By: Rebecca Campbell 19th April 2019 Russia’s predominantly State-owned global diamond mining major Alrosa and Angola’s State-owned national diamond mining company Endiama signed a Memorandum of Understanding (MoU) early this month. This marks the latest stage in the development of the relationship between the two entities, which... →
Orion reawakening geological giant in Northern Cape 
By: Martin Creamer 18th April 2019 Three years ago, Orion Minerals was trading at an eighth of an Australian cent a share. It had a market capitalisation of $4-milllion and set out to find something that could be turned into a mine. The good news is that the company found that opportunity in South Africa, and its share price has... →
LME ready to address flaws in its metal storage rules
By: Reuters 18th April 2019 The London Metal Exchange is poised to deal with a loophole in its warehousing rules, exposed after commodity trader Glencore bought large amounts of aluminium earlier this year, sources familiar with the matter said. But the exchange will have to wait until a complaint lodged by Glencore with... →
Fitch warns iron-ore price increase may be ‘more structural’ than initially thought
By: Simone Liedtke 18th April 2019 The sharp rise in iron-ore prices to over $90 per dry metric ton (dmt) from under $75/dmt since January, may be “more structural than initially anticipated”, says Fitch Ratings. It believes sustained iron-ore prices of above $85/dmt over the next 9 to 12 months should provide cash flow windfalls... →
Polymetal reports big jump in production
By: Creamer Media Reporter 18th April 2019 Russian gold and silver producer Polymetal on Thursday reported a 27% year-on-year increase in first-quarter gold-equivalent (GE) production, on the back of a strong performance from its Kyzyl mine and steady operational performance at its other mines. GE production increased to 374 000 oz. Gold... →
Shanta achieves strong first-quarter performance
By: Tasneem Bulbulia 18th April 2019 East Africa-focused gold producer Shanta Gold had a strong start to 2019 – with the quarter ended March 31 having been its best opening quarter in three years in terms of production. Its costs were also well below guidance. →
Glencore’s Jeff Gerard appointed Katanga CEO
By: Simone Liedtke 18th April 2019 TSX-listed Katanga Mining, a unit of Glencore, on Thursday announced that Glencore International’s Jeff Gerard would succeed Danny Callow as CEO of the company, effective May 2. Gerard’s appointment follows the signing of a management services agreement between Katanga and Glencore in January.... →
Ncondezi receives shareholder loan conversion notice
By: Simone Liedtke 18th April 2019 Aim-listed Ncondezi Energy has received a shareholder loan conversion notice for 764 165 shares from lenders to be converted at a conversion price of 10p a share. Admission of these shares on Aim is expected to take place on April 26. →
Green economy good news for copper producers – Antofagasta chairman
By: Reuters 18th April 2019 The global fight against climate change will boost demand for copper, a key metal used in the production of electric vehicles, Antofagasta chairperson Jean-Paul Luksic said on Wednesday. Luksic, speaking to reporters at Antofagasta's Los Pelambres mine in north-central Chile, said the global... →
Mick Davis moves closer to iron-ore mining with Liberian deal
By: Bloomberg 18th April 2019 Mining dealmaker Mick Davis has won permission to export iron-ore from a planned mine in West Africa, adding momentum to the industry veteran’s comeback. Davis, through his new Niron Metals vehicle, has signed an agreement with Liberia that will allow him to use a rail and port to export iron-ore... →
Mick Davis
Five-month gold strike is over
By: Martin Creamer 17th April 2019 The five-month strike by the Association of Mineworkers and Construction Union (AMCU) at Sibanye-Stillwater’s South African gold operations is over. Parties have acknowledged that it is in their interest to rebase and develop a constructive relationship going forward, Sibanye-Stillwater said in a... →
Kibo appoints Wimmer as adviser for African project financing
By: Tasneem Bulbulia 17th April 2019 Kibo Energy has signed a corporate finance engagement letter with Wimmer Financial, which will advise Kibo on and manage all aspects related to the structuring and provision of a project finance corporate credit line facility of up to $900-million which could form part of a broader funding... →
Eager black investors fund premium-priced opportunity in zinc, copper
By: Martin Creamer 17th April 2019 Black investors have self-funded the purchase of shares at a premium price in the fast-tracked redevelopment of the Prieska zinc and copper mine in the Northern Cape, which has a three-year payback and a minimum mine life of ten years. The $8-million equity capital raising by Orion Minerals,... →
Orion Minerals’ ‘meet-the-media’ attendees were from left: Jowell Tobias, Godfrey Gomwe, Billy Mawasha, Michelle Jenkins, Errol Smart, Nelson Mosiapoa, Tom Borman, Sharon Matthews and Roger Matthews.
Royal Bafokeng boosts production despite setbacks
By: Martin Creamer 17th April 2019 Black-owned platinum group metals mining company Royal Bafokeng Platinum boosted its production in the three months to March 31, in spite of several setbacks in the period. Tonnes delivered to concentrators increased by 17.3% to 862 000 t and tonnes milled increasing by 11.6% to 846 000 t.... →
Altus defines further prospect at Mali gold project
By: Marleny Arnoldi 17th April 2019 Aim- and TSX-V-listed Altus Strategies has defined a further significant prospect at its Diba gold project, in Mali. "Our detailed review of Diba's historical data, as reported on February 4, identified multiple priority drill targets including a 1.85-km-long anomalous zone adjacent to the... →
Galileo raises £500 000 for Zambia zinc project
By: Creamer Media Reporter 17th April 2019 Aim-listed Galileo Resources has raised £500 000 through the placing of 100-million new shares at a price of 0.5p a share. The proceeds will be used for general working capital, as well as for advancing its Star Zinc project, in Zambia. Specifically, the company plans to use the proceeds to... →
Geopolitical, economic uncertainty pushes European ETPs to record high in first quarter – WGC
By: Nadine James 17th April 2019 Since the start of 2016, assets in European gold-backed exchange-traded products (ETPs) have grown rapidly, hitting a record high of 1 121.4 t ($48-billion) in the first quarter of this year, the World Gold Council (WGC) reported on Wednesday. Since their emergence in 2003, gold-backed ETPs have... →
Appeal against environmental authorisation for MC Mining's Makhado project dismissed
By: African News Agency 17th April 2019 Coal mining company MC Mining said on Wednesday appeals against an amendment to an environmental authorisation for its Makhado project allowing for the transportation of coal to Musina by road rather than rail had been dismissed. MC Mining's subsidiary Baobab Mining & Exploration is developing... →
Polymetal listed on Kazakh AIX bourse
By: Reuters 17th April 2019 Shares in Russian gold and silver producer Polymetal have been listed on Kazakhstan's Astana International Exchange (AIX), the bourse said on Wednesday. Polymetal's main listing is in London and the company has a market capitalisation of $5-billion. One of Polymetal's projects is the Kyzyl mine... →
Kinross culls two senior positions from management team
By: Creamer Media Reporter 17th April 2019 Senior gold miner Kinross Gold on Tuesday announced that two senior members of its leadership team would leave the company by mutual agreement, as part of a cost management and efficiency improvement drive. Senior VP and COO Lauren Roberts and senior VP for human resources Gina Jardine would... →
Armadale progresses towards DFS, mining permit for Mahenge graphite project
By: Marleny Arnoldi 16th April 2019 Aim-listed Armadale Capital expects a definitive feasibility study or its Mahenge Liandu graphite project, in Tanzania, to be completed in the fourth quarter. Remaining work, including product marketing, developing transport and logistics pathway and a resource update, is under way. →
La Parrilla jig and mill plant commissioning gets under way
By: Creamer Media Reporter 16th April 2019 Aim-listed W Resources on Tuesday confirmed that commissioning of the jig and mill plant at La Parrilla, in Spain, has begun. The jig and mill plant will upgrade the La Parrilla ore, efficiently reject barren material, and prepare material for feed to the concentrator plant. →
Beowulf raises another £500 000
By: Creamer Media Reporter 16th April 2019 Nordic-focused mineral exploration and development company Beowulf Mining has announced that it will raise £500 000 by issuing shares at 5.75p each. The funds are for general working capital purposes and for supporting its commitment to Vardar Minerals’ Kosovan exploration programme, the company... →
WGC, ICBC sign MoU to develop Chinese gold market
By: Creamer Media Reporter 16th April 2019 The World Gold Council (WGC) and the Industrial and Commercial Bank of China (ICBC) have signed a memorandum of understanding to cooperate on developing the Chinese gold market, including the development and marketing of gold solutions for Millennial consumers and institutional investors. China... →
With sanctions lifted, Rusal to invest in US aluminum mill
By: Bloomberg 16th April 2019 Just months after being freed from US sanctions, Russia’s largest aluminum maker plans to invest in a new aluminum rolling mill in Kentucky. United Co. Rusal, controlled by billionaire Oleg Deripaska until the US Treasury forced him to reduce his stake earlier this year, intends to invest up to... →
Hummingbird taking steps to address mining dilution, ore loss at Yanfolila
By: Creamer Media Reporter 16th April 2019 Aim-listed Hummingbird Resources' Yanfolila gold mine, in Mali, produced 23 807 oz of gold in the first quarter of this year, up 33% from the 17 895 oz produced in the fourth quarter of 2018. Mining rates were, however, lower than expected. →
Caledonia maintains full-year guidance despite below-target first-quarter output
By: Creamer Media Reporter 16th April 2019 Triple-listed Caledonia Mining has maintained its full-year production guidance for its 49%-owned Blanket mine, in Zimbabwe, despite first-quarter production having been below target. The Aim-, TSX- and NYSE American-listed company on Tuesday reported that the mine had produced 11 948 oz of gold... →
Latest News
Latest Videos
Latest News: Australasia
Latest News: Americas
Topics In These Articles
