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Latest News

India’s SCCL developing greenfield underground coal mine

By: Ajoy K Das     Updated 3 hours ago Moving against a general trend among Indian miners of closing down underground mines, State-run Singareni Collieries Company Limited (SCCL) has started work on developing a new underground mine in the southern state of Telangana. SCCL will develop the Kalyani Khani-6 Incline block in Telangana... 

McEwen appoints new Nevada GM, declares commercial production at Gold Bar

By: Creamer Media Reporter      Updated 5 hours ago NYSE- and TSX-listed McEwen Mining has reached commercial production at its Gold Bar mine, which is under the supervision of its new Nevada general manager (GM), Jack Henris. Henris joined McEwen from Goldcorp, where he was VP of mining and geotechnical. His appointment is aimed at driving... 

Afrimat’s diversification contributes to strong full-year results

By: Tasneem Bulbulia     Updated 6 hours ago Industrial minerals and construction materials group Afrimat has recorded a good overall performance for the year ended February 28, and achieved positive results for the period owing to its diversification strategy, Afrimat group CEO Andries van Heerden said in a statement on Thursday. The... 

Aura produces first uranium samples

By: Marleny Arnoldi     Updated 6 hours ago Aim- and ASX-listed Aura Energy has produced its first samples of yellowcake product, as part of its Tiris uranium project’s definitive feasibility study (DFS). The company said in an announcement on Thursday that the product was regarded as saleable, with impurity levels in the product within... 

NPA starts prosecution of Aurora directors 

By: Marleny Arnoldi     Updated 6 hours ago Organisation Undoing Tax Abuse (Outa) on Thursday announced that the National Prosecuting Authority (NPA) would start its prosecution of the former directors of Aurora Empowerment Systems on May 28. A summons had been issued in March related to environmental and water transgressions at the... 

Use remote machinery to mine at depth ­– Jourdan 

By: Martin Creamer     Updated 7 hours ago Independent consultant Dr Paul Jourdan on Thursday urged South Africa to cease sending people down dangerous deep-level mines and to come up with remote machinery to mine at depth. He was speaking at the Southern African Mining Supply Chain Conference and Strategy Workshop , which was hosted by... 

Use remote machinery to mine at depth ­– Jourdan
Photo by Creamer Media
Dr Paul Jourdan at the SA Mining Supply Chain Conference.

Ghana seeks investors to mine bauxite to fund infrastructure

By: Bloomberg     23rd May 2019 Ghana is inviting investors to submit plans on how to tap the nation’s bauxite deposits as the government seeks to leverage more of its mineral resources to fund infrastructure. The government will receive proposals from interested parties until the end of the year on how to expand production and... 

India to surpass China as largest importer of coking coal by 2025

By: Marleny Arnoldi     23rd May 2019 Fitch Solutions maintains its forecast for an average coking coal price of $195/t for this year, stating that prices will remain elevated, with strong demand from China’s steel sector, as US–China relations continue to deteriorate and the probability rises of further economic support from the... 

India to surpass China as largest importer of coking coal by 2025

Zambia's Chamber of Mines warns of 'drastic' fall in copper output

By: Reuters     23rd May 2019 Zambia's 2019 copper output could be as much as 100 000 t lower than last year as changes to mining tax drive miners to cut production, the Chamber of Mines said on Thursday. "Present forecasts are that copper production, both concentrate and finished copper, will now be drastically lower than... 

Tshipi mine on track to meet three-million-tonne sales target

By: Marleny Arnoldi     23rd May 2019 ASX-listed Jupiter Mines says its 49.9%-owned subsidiary Tshipi é Ntle Manganese Mining’s Tshipi Borwa mine in South Africa, is on track to deliver on its three-million-tonne sales target for the 2020 financial year. The company remains focused on cost control, with free-on-board production... 

Tshipi mine on track to meet three-million-tonne sales target
Tshipi Borwa manganese mine

Bushveld establishes dividend policy following ‘transitional’ 2018

By: Marleny Arnoldi     23rd May 2019 Aim-listed Bushveld Minerals’ financial results for the year ended December 31, 2018, reflect its transition from a junior mining company to a significant vanadium producer. The company’s flagship vanadium platform includes a 74% controlling interest in mining and processing company Bushveld... 

Bushveld establishes dividend policy following ‘transitional’ 2018
Bushveld's Vametco vanadium mine

C$3.5m project supports Newmont Goldcorp’s 4.0 vision in Quebec

By: Creamer Media Reporter      23rd May 2019 Gold major Newmont Goldcorp’s vision to create Quebec’s first interconnected “mine of the future” received a boost on Wednesday, when a C$3.5-million project to connect the Eleonore mine to a high-speed network was unveiled. The project, which is to be delivered by non-profit organisation Eeyou... 

Ora's recapitalisation plans progress apace

By: Esmarie Iannucci     23rd May 2019 ASX-listed Ora Banda Mining, previously known as Eastern Goldfields, will raise A$30-million as part of efforts to recapitalize the company. Eastern Goldfields went into administration in 2018 after a A$75-million recapitalization transaction fell through. 

Amani raises cash for DRC exploration

By: Esmarie Iannucci     23rd May 2019 Junior Amani Gold will raise A$3-million through a share placement to accelerate exploration work at its Giro gold project, in the Democratic Republic of Congo. The company would issue more than 1.52-billion shares, at a price of 0.2c each, to sophisticated and professional investors. The share... 

Vametco’s ore reserves, grade increase significantly

By: Tasneem Bulbulia     23rd May 2019 Aim-listed Bushveld Minerals’ updated mineral resource and ore reserve for the Vametco vanadium mine near Brits on the western limb of the Bushveld Complex has indicated a significant increase in ore reserves and grade from the 2017 estimate, Bushveld CEO Fortune Mojapelo indicated in a statement... 

Sweden proves a treat for Talga

By: Esmarie Iannucci     23rd May 2019 A prefeasibility study (PFS) into the Vittangi graphite project, in Sweden, has estimated that it could support a mine life of some 22 years. ASX-listed Talga Resources on Thursday reported that the PFS, based on an on an ore reserve of 1.9-million tonnes, grading 23.5% total graphite content,... 

Tanzania backs Epanko debt plans

By: Esmarie Iannucci     23rd May 2019 The Tanzanian government has given its in-principle approval for ASX-listed Kibaran Resources’ debt financing arrangements for its Epanko graphite project. Kibaran in April this year mandated Germany’s KfW IPEX-Bank to provide debt funding to develop the Epanko project. 

NAIF looking at Ardmore - Centrex

By: Esmarie Iannucci     23rd May 2019 The Northern Australian Infrastructure Facility (NAIF) has completed a strategic assessment of the Ardmore phosphate rock project, in Queensland, and will now proceed to a due diligence investigation, ASX-listed Centrex Metals said on Thursday. An optimised definitive feasibility study recently... 

SQM expects lithium demand to grow by 17% this year

By: Mariaan Webb     23rd May 2019 Chilean nitrates and lithium major Sociedad Quimaca y Minera de Chile (SQM) is confident that demand for lithium will continue to grow, but the group says that evolving electric vehicle (EV) battery technology will require producers to be flexible. The company believes more supply for lithium... 

SQM expects lithium demand to grow by 17% this year

Mothae delivers another stellar find

By: Esmarie Iannucci     23rd May 2019 Africa-focused diamond miner Lucapa Diamond Company has recovered a 126 ct gem-quality diamond from its Mothae operation, in Lesotho. The diamond is the largest recovered at Mothae since commercial operations started in January this year, and the largest gem-quality diamond ever recovered at the... 

Mincor snaps up idled nickel mine in Kambalda

By: Esmarie Iannucci     23rd May 2019 ASX-listed Mincor Resources has acquired the Long nickel operation, in Western Australia, from diversified miner Independence Group for up to A$9.5-million. The Long nickel operation was placed on care and maintenance in mid-2018, following the production of more than 135 000 t of nickel-in-ore,... 

Kidman board backs Wesfarmers’ A$776m bid for lithium firm

By: Esmarie Iannucci     23rd May 2019 Takeover target Kidman Resources has entered into a scheme implementation deed with ASX-listed Wesfarmers, following a due diligence period. Wesfarmers earlier this month launched a non-binding and conditional A$776-million cash offer for Kidman, marking a foray into lithium. Wesfarmers is... 

Kidman board backs Wesfarmers’ A$776m bid for lithium firm

ACCC clears Ironbark sale

By: Esmarie Iannucci     23rd May 2019 The Australian Competition and Consumer Commission (ACCC) this week said that it would not oppose the A$231-million sales agreement between Australia Pacific liquefied natural gas (APLNG) and ASX-listed Origin. The two parties in February struck an agreement under which APLNG, in which Origin... 

NUM members end underground sit-in at Chinese mine in NW after five days

By: African News Agency      23rd May 2019 The National Union of Mineworkers (NUM) confirmed on Wednesday night that all mineworkers who staged a sit-in underground at the Chinese African Precious Metal Company (CAPM) in Orkney, in the North West since last weekend, have resurfaced from underground after their salary demands were met.  At... 

Barrick's buyout offer for Acacia unit irks minority shareholders

By: Reuters     23rd May 2019 Barrick Gold's proposal to take full control of its Acacia Mining Plc unit to resolve a long-standing tax dispute with Tanzania has drawn the ire of Acacia's minority shareholders, who may have the ultimate vote on a deal. Barrick's offer values Acacia at $787-million, a near 11% discount to its... 

Barrick's buyout offer for Acacia unit irks minority shareholders

Zimbabwe awards platinum concession to firm linked to Nigerian billionaire

By: Reuters     23rd May 2019 Zimbabwe has awarded a concession to explore for and mine platinum to a company linked to a Nigerian billionaire as the country speeds up investment in a mining sector it hopes will transform the country's struggling economy. The concession comes just over a year after President Emmerson... 

PIC goes to London for Lonmin decision 

By: Bloomberg     23rd May 2019 South Africa's Public Investment Corporation (PIC) faces a tough choice: back Sibanye Gold’s takeover of Lonmin, and take a hit on its investment, or scupper the deal and risk having to pony up more cash for the platinum miner. When Lonmin shareholder votes are tallied next Tuesday at a meeting... 

PIC goes to London for Lonmin decision

Gold miners must focus on returns, mergers to attract investment - Barrick CEO

By: Reuters     22nd May 2019 Gold miners must focus on maximising returns and more mergers to attract investors seeking to diversify after years of under-investing in mines, Barrick Gold's chief executive said on Wednesday. "The industry is in decline and we have put ourselves in a very a tight spot because we haven't... 

Gold miners must focus on returns, mergers to attract investment  - Barrick CEO
Barrick Gold CEO Mark Bristow

Industrialisation to help South Africa’s mining cluster compete globally

By: Simone Liedtke     22nd May 2019 If industrialization is done properly through advancing the South African mining cluster and using the sector as a driver for industrialisation, the sector has huge potential to operate not only at scale but also to compete in the world market, says Minerals Council South Africa chief economist... 

Industrialisation to help South Africa’s mining cluster compete globally
Photo by Creamer Media's Simone Liedtke
Independent consultant Dr Paul Jourdan

Minerals Council welcomes safety improvements, but warns of continuing policy concerns 

By: Nadine James     22nd May 2019 The Minerals Council South Africa will, later this year, launch a new health and safety initiative called Khumbela iKhaya, council chaiperson Mxolisi Mgojo revealed on Wednesday. Addressing the council's annual general meeting, he noted that appreciable improvements in the health and safety... 

Minerals Council welcomes safety improvements, but warns of continuing policy concerns
Photo by Creamer Media's Dylan Slater
Minerals Council chairperson Mxolisi Mgojo

Mining fatalities among ICMM member companies decrease again

By: Marleny Arnoldi     22nd May 2019 International Council on Mining and Metals (ICMM) member companies recorded 50 fatalities in 2018, compared with the 51 recorded in 2017 and the 63 recorded in 2016. Eleven of ICMM’s 27 member companies reported no fatalities in 2018, compared with eight in 2017. These companies were Africa... 

Mining fatalities among ICMM member companies decrease again

Jupiter Gold set to become cash flow positive

By: Tasneem Bulbulia     22nd May 2019 Gold royalty company Jupiter Gold on Wednesday reported that its first royalty project, the Pindaíba project, operated by Brazil Minerals, was expected to begin production in the third quarter of 2019. The company’s gold recovery plant would be used in operations and Jupiter Gold would receive a... 

Mining sector facing similar ‘bullying tactics’ to that hindering construction 

By: Nadine James     22nd May 2019 Similar “bullying tactics” to those that are causing significant disruption in the South African construction industry, is also affecting the mining industry, Minerals Council South Africa CEO Roger Baxter confirmed on Wednesday. In a media briefing following the council’s annual general meeting... 

Mining sector facing similar ‘bullying tactics’ to that hindering construction
Photo by Creamer Media's Dylan Slater
Minerals Council CEO Roger Baxter

Nersa to host workshop to clarify licensing process for small-scale power plants 

By: Terence Creamer     22nd May 2019 The National Energy Regulator of South Africa (Nersa) says it will, in due course, host a stakeholder workshop in order to provide clarity on the processes it will follows, as well as information it requires, in order to register or licence small-scale embedded generators (SSEGs). In a statement... 

Nersa to host workshop to clarify licensing process for small-scale power plants

AfriTin secures £4.7m to bring Uis Phase 1 into production

By: Tasneem Bulbulia     22nd May 2019 Aim-listed AfriTin Mining has secured additional financing that will enable it to bring the Phase 1 pilot plant at its flagship Uis tin mine, in Namibia, into production. The company raised about £3-million through the issue of 99.61-million ordinary shares. 

Minerals Council welcomes Merafe Resources CEO as VP

By: Nadine James     22nd May 2019 The Minerals Council South Africa has added Merafe Resources CEO Zanela Matlala as a VP. This was announced at the council’s annual general meeting, on Wednesday, during which it was confirmed that Anglo American South Africa executive head Andile Sangqu and Sibanye-Stillwater CEO Neal Froneman... 

Minerals Council welcomes Merafe Resources CEO as VP
Photo by Creamer Media's Dylan Slater
Andile Sangqu, Roger Baxter, Mxolisi Mgojo, Neal Froneman and Steve Phiri

Zimbabwe mine output subdued in first quarter as dollar crunch bites

By: Reuters     22nd May 2019 Zimbabwe's mining sector was subdued in the first quarter due to a severe dollar crunch that affected production, with gold the most hit, the mining chamber said, adding some bullion miners had experienced recently introduced power cuts. Mining generates most of the export earnings for the... 

Equinox Gold sells Elk Gold property

By: Creamer Media Reporter      22nd May 2019 TSX-V-listed Equinox Gold has sold its Elk Gold property, in British Columbia, to private explorer Bayshore Minerals for $10-million. The company will receive $1-milion in cash on closing of the sale and $9-million in a first ranking secured promissory note payable in yearly installments of... 

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