https://www.miningweekly.com
R/€ = 15.68 Change: -0.03
R/$ = 13.98 Change: -0.02
Au 1405.20 $/oz Change: -8.49
Pt 839.96 $/oz Change: -2.27
 

Europe News

Global uncertainty supports flows into gold-backed ETFs

By: Marleny Arnoldi     6th June 2019 Holdings in global gold-backed exchange-traded funds (ETFs) fell marginally, by 2.2 t, in May to 2 421 t, which is equivalent to $141-million in outflows, as consistent European fund growth was offset by outlows in North America and Asia. The World Gold Council (WGC) on Thursday reported its... 

Bluejay submits Dundas PFS to Greenland authorities

By: Creamer Media Reporter      6th June 2019 Aim- and FSE-listed Bluejay Mining has reached an important step in the permitting process for the Dundas project with the submission of its prefeasibility study (PFS) to the Mineral Licence and Safety Authority of Greenland. The lodgement of the PFS marks the completion of the final module... 

Nyrstar suspends Port Pirie lead smelter, declares force majeure

By: Reuters     6th June 2019 Nyrstar has halted production at its Port Pirie lead smelter in Australia and declared force majeure, the Belgian-headquartered metals and mining company said on Thursday. It stopped output at Port Pirie on May 28 due to an unplanned outage at the blast furnace, a spokesman said in a email. 

Highfield’s Muga receives environmental permit

By: Mariaan Webb     6th June 2019 ASX-listed Highfield has received an environmental permit for its Muga potash project, in Spain, and will now focus on securing the mining concession, as well as construction permits required for its two-phased development that will cost a total of €541-million. The environmental permit placed... 

World’s top uranium producer is gloomy about nuclear power

By: Bloomberg     6th June 2019 Don’t expect an upswing in the global uranium market anytime soon. “In our models, we don’t get excited on the demand side,” said Galymzhan Pirmatov, CEO of Kazatomprom, Kazakhstan’s State-owned mining company that’s the world’s biggest supplier. 

World’s top uranium producer is gloomy about nuclear power
Kazatomprom CEO Galymzhan Pirmatov

Jubilee progresses towards producing 60 000 oz/y of PGMs

By: Marleny Arnoldi     5th June 2019 Aim- and AltX-listed Jubilee Metals is making progress in increasing production from, and commodity exposure to, its projects in South Africa and Zambia. The company’s PlatCro platinum group metals (PGMs) processing project in South Africa has been commissioned, with a 60 000 t per month... 

Manganese poised to make its mark as EV metal  

By: Martin Creamer     5th June 2019 Manganese could make its mark in the battery electric vehicle (EV) arena by displacing cobalt to a large extent in many of the cathode formulations, where the bulk of battery metals are used. The Junior Indaba heard on Wednesday that manganese, which South Africa hosts in abundance, is in a race... 

Manganese poised to make its mark as EV metal
Junior Indaba strategic metals discussion covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer

Ariana has eye on new exploration opportunities

By: Mariaan Webb     5th June 2019 Gold miner Ariana Resources, which operates the Kiziltepe mine as part of the Red Rabbit joint venture in Turkey, has its eye on new mineral exploration opportunities, particularly in minerals needed to sustain growth in energy storage and electrification of the transport sector, its chairperson... 

San Jose momentum builds – Infinity

By: Creamer Media Reporter      5th June 2019 Australia-based Infinity Lithium said on Wednesday that support for its San Jose project, in Spain, were emerging from multiple levels, including government and businesses endorsements, as well as wider European-level recognition. The Extremadura regional government had infirmed Infinity that... 

Study confirms potential of Bacanora’s Zinnwald lithium project

By: Mariaan Webb     5th June 2019 London-listed Bacanora Lithium said on Wednesday that a feasibility study had confirmed the economic potential of its Zinnwald lithium project, assigning the project in south-eastern Germany, near Dresden, a value of €428-million. The study estimated that Zinnwald would have an internal rate of... 

Study confirms potential of Bacanora’s Zinnwald lithium project

Companies lag in climate-related disclosures – G20 Task Force

By: Reuters     5th June 2019 Companies are failing to disclose sufficient detail about how exposed they are to the potential risks of climate change, a global task force said in a report on Wednesday. Many investors have called on companies to provide better communication on how climate change could impact their businesses,... 

Companies lag in climate-related disclosures – G20 Task Force

World Bank cuts global outlook as trade tumbles to decade low

By: Bloomberg     5th June 2019 The World Bank cut its 2019 global growth forecast, citing a slowdown in trade growth to the weakest since the financial crisis a decade ago and a drop in global investment. The bank forecast that the world economy will expand 2.6% this year, compared with a projection of 2.9% it made in January... 

US report urges steps to reduce reliance on foreign critical minerals

By: Reuters     5th June 2019 The US Commerce Department on Tuesday recommended urgent steps to boost domestic production of rare earths and other critical minerals, warning that a halt in Chinese or Russian exports could cause "significant shocks" in global supply chains. The report includes 61 specific recommendations -... 

US report urges steps to reduce reliance on foreign critical minerals

Top miners doing well, but not getting credit for it – PwC 

By: Simone Liedtke     4th June 2019 The world’s top 40 mining companies continued to consolidate their performance of the past several years by delivering steady growth in 2018, PwC’s ‘Mine 2019’ report, published on Tuesday, states. Combined, these companies’ revenue had increased by 8% year-on-year, which PwC says was buoyed by... 

Top miners doing well, but not getting credit for it – PwC
Photo by Creamer Media's Dylan Slater
(Left to Right) PwC assurance partner Andries Rossouw, PwC director Sizwe Mtetwa and PwC Africa energy utilities and resources leader Michal Kotzé

Junior mining badly in need of kickstart – Swanepoel   

By: Martin Creamer     4th June 2019 Junior mining is badly in need of a policy framework that will kickstart activity, mining luminary Bernard Swanepoel said on Tuesday. Speaking to a packed 2019 Junior Indaba conference for explorers, developers and investors in junior mining, Swanepoel outlined how he had boldly stepped into the... 

Junior mining badly in need of kickstart – Swanepoel
Junior Indaba opening addresses covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer. Photographs: Creamer Media’s Dylan Slater.

Tulkubash gold reserves increase by nearly 40%

By: Creamer Media Reporter      4th June 2019 Aim-quoted Chaarat has updated the feasibility study for its majority-owned Tulkubash oxide gold project, in Kyrgyzstan, following a 39% increase in reserve to 22.2-million tonnes for 358 000 oz of gold. The updated study estimates that Tulkubash would produce an average of 94 000 oz/y of gold... 

Po Valley eyeing dual listing on Aim

By: Creamer Media Reporter      4th June 2019 Oil and gas explorer Po Valley Energy is considering a dual listing on the Aim market of the London Stock Exchange, the ASX-listed company reported on Tuesday. “The London market is more knowledgeable and focused on European gas and energy assets and we expect a dual listing could result in... 

Gold Fields sells down stake in Maverix Metals

By: Creamer Media Reporter      4th June 2019 Gold miner Gold Fields, through its Gold Fields Netherlands Services (GF Netherlands) subsidiary, has sold down its stake in Vancouver-based precious metals royalty and streaming company Maverix Metals to 11.65%, the company reported on Tuesday. The sale was made on May 31 in a private... 

Kenmare growth plans on track as WCP B relocation is approved

By: Simone Liedtke     4th June 2019 LSE-listed Kenmare Resources’ board has approved the $106-million relocation of wet concentrator plant (WCP) B to the Pilivili ore zone at Moma titanium minerals mine, in northern Mozambique. This follows the completion of a definitive feasibility study, which confirmed the technical and economic... 

Minto to reopen as mine is sold for $20m

By: Mariaan Webb     4th June 2019 LSE-listed Pembridge Resources has closed a transaction to buy the Minto mine in Canada’s Yukon from Capstone Mining – nearly a year-and-a-half after the deal was first announced. Pembridge initially offered to buy Minto for $37.5-million, but then struggled to close the equity financing element... 

Minto to reopen as mine is sold for $20m
The Minto mine in the Yukon.

Richland board now focusing on sale of Capricorn mine

By: Creamer Media Reporter      3rd June 2019 Australian sapphire and gemstone company Richland Resources is progressing negotiations with a buyer for its idled Capricorn mine, in Queensland, the Aim-listed junior reported on Monday. The company previously flagged a sale of all or part of Capricorn, to potential strategic investors to... 

Explorer Pursuit pursues London main market listing

By: Mariaan Webb     3rd June 2019 Australia-headquartered explorer Pursuit Minerals has started a process to seek a dual listing of the company’s shares on the LSE, a market which MD Jeremy Read says has considerable investor interest for its vanadium projects. Pursuit, which will retain its ASX listing, is focused on advancing... 

Altus subsidiary secures exploration licence for copper/gold zone in Ethiopia

By: Marleny Arnoldi     3rd June 2019 A subsidiary of Aim- and TSX-V-listed Altus Resources has been granted a three-year exploration licence for the Zager copper/gold prospect in Ethiopia’s Tigray state. The exploration licence, awarded to Altus subsidiary Altau Resources, covers 285 km2, which hosts 27 km of ophiolite belt within... 

Glencore’s management reshuffle continues

By: Nadine James     3rd June 2019 Diversified miner and commodities trader Glencore on Monday announced that the head of its oil business, Alex Beard, would retire from Glencore, effective June 30. The announcement of his resignation follows that of agricultural business head Chris Mahoney’s, as well as the departure of former... 

Russia owns lots of rare earth but mines little. That's changing 

By: Bloomberg     3rd June 2019 With rare earths in the cross hairs of the US-China trade war, there’s a sharp focus on who else can sell the critical minerals. Russia could become one supplier. The country accounts for less than 2% of global production, but owns the world’s fourth-biggest reserves, according to the US... 

Patagonia Gold shares jump on Hunt Mining takeover

By: Creamer Media Reporter      31st May 2019 The share price of Aim-listed mining company Patagonia Gold jumped 15% on Friday to 61.55p a share, following news that it agreed to a takeover by Canadian firm Hunt Mining. 

Independent power producer association hails Mantashe's appointment

By: Martin Creamer     31st May 2019 The appointment of Gwede Mantashe as the Minister of Mineral Resources and Energy has been welcomed by the South African Independent Power Producer Association (SAIPPA), which described as “massive” the challenges he, Deputy Mineral Resources and Energy Minister Bavelile Hlongwa and the rest of... 

5th resource increase at Savannah's Mina do Barroso in 15 months

By: Creamer Media Reporter      31st May 2019 The mineral resource at the Mina do Barroso lithium project, in northern Portugal, has been expanded by another 15% to 27-million tonnes at 1.06% lithium oxide (Li₂O) for 285 900 t of contained Li₂O. This is the fifth major mineral resource increase in 15 months. 

Commentators differ on whether recent price slide indicates palladium bubble has burst 

By: Simone Liedtke     31st May 2019 Much price volatility is predicted for palladium – primarily an industrial metal for use in autocatalysts – over the next year, driven particularly by unpredictable trade sentiment as the US/China dispute unfolds, says multidisciplinary research team Afriforesight's chief precious metals analyst... 

Commentators differ on whether recent price slide indicates palladium bubble has burst

Bluejay provides 2018 results glimpse

By: Creamer Media Reporter      30th May 2019 Aim- and FSE-listed Bluejay Mining has given its broker SP Angel notice, after it “inadvertently” released information about the mineral sands developer’s financial results for 2018. Bluejay, which this week also announced a major resource increase at its Dundas ilmenite project in Greenland,... 

SolGold shares tank on potential Ecuador mining referendum

By: Mariaan Webb     30th May 2019 Copper/gold explorer SolGold’s share price took a beating on Thursday, following media reports about a potential referendum on mining in the Ecuadorian province in which the company’s Cascabel project is located. The company, however, insisted that its tenure was not at risk and said in a media... 

SolGold shares tank on potential Ecuador mining referendum

Vast raises cash for pre-production activities at Baita Plai

By: Creamer Media Reporter      30th May 2019 Aim-listed mining company Vast Resources has raised in aggregate £900 000 before costs through a placing of shares at 0.116p each. The cash raised from the placing should be sufficient to meet all the company’s financing needs in connection with its activities in Romania and general working... 

Labour issues at Mototolo platinum mine resolved – Amplats 

By: Martin Creamer     30th May 2019 The labour issues at the Mototolo platinum mine in Limpopo have been resolved, Anglo American Platinum (Amplats) said on Thursday. The General Industrial Workers Union has accepted that the proposed medical aid meets the requirement of the Section 197 transfer, undertaken after Amplats acquired... 

Labour issues at Mototolo platinum mine resolved – Amplats
Photo by Creamer Media
Anglo American Platinum CEO Chris Griffith.

Here are China's rivals in shipping rare earths to the US

By: Bloomberg     30th May 2019 US consumers of rare earths including makers of magnets used in electric vehicles, drones and robots are likely to scramble for supply of the minerals should China curb exports as the trade war deepens. Here’s a list of alternative exporters that American manufacturers may turn to for rare earth... 

Hummingbird to update Yanfolila mineral resource estimate during the second quarter

By: Marleny Arnoldi     29th May 2019 In the year ended December 2018, Aim-listed Hummingbird Resources emerged as a commercially operating gold miner, with its flagship asset being the Yanfolila gold mine, in Mali. CEO Dan Betts said in a statement this week that the year had seen many milestones but also operational challenges.  

Xtract appoints Mutupa mining, processing contractor in Mozambique

By: Marleny Arnoldi     29th May 2019 London-listed diversified metals producer Xtract Resources’ shares rose by more than 88% on Wednesday after it announced the conclusion of a collaboration agreement with Mutupa Mining and Processing (MMP) for mining and mineral processing of the company’s Manica hard rock gold deposits, in... 

Swiss open criminal probe after Glencore complaint by NGO

By: Bloomberg     29th May 2019 Switzerland’s top prosecutor opened a criminal probe against “unknown perpetrators” suspected of bribing foreign officials after a public interest group filed a complaint in 2017 against Glencore, adding to international scrutiny of the world’s biggest commodity trader. The investigation opened... 

Swiss open criminal probe after Glencore complaint by NGO

Armadale to have offtake/finance meetings in early June

By: Marleny Arnoldi     29th May 2019 Aim-listed Armadale Capital on Wednesday provided an update regarding its plans to commercialise the Mahenge Liandu graphite project, ahead of anticipated completion of a definitive feasibility study in the fourth quarter. The company confirmed that key meetings with current and prospective... 

Latest News

more

Latest Videos

more

Latest News: Australasia

more

Latest News: Americas

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

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

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Close