R/€ = 16.24 Change: 0.37
R/$ = 14.51 Change: 0.30
Au 1346.47 $/oz Change: 10.95
Pt 803.41 $/oz Change: 4.37

Latest News

Corruption, maladministration of royalties leave mine-affected communities high and dry

By: Tracy Hancock     14th June 2019 Maladministration and misappropriation of funds continue to render South Africa’s mining royalties system mostly ineffective, with no one being brought to book. Established to deliver transformation in impoverished, mining-affected communities through the distribution of royalties paid by the... 

Mining Weekly iPhone and Android Apps available for free download 

14th June 2019 Creamer Media’s readers continue to be part of the mobile revolution.  Over 20% of Creamer Media’s online readers view the websites on their mobile devices. To cater for this growing mobile readership Creamer Media offers a app for iPhone and Android users.  These apps offer... 

Mining Weekly iPhone and Android Apps available for free download

Iron-ore, gold surge propel South African miners to 11-year high

By: Bloomberg     13th June 2019 The twin tailwinds of rallying iron-ore prices and gold’s haven appeal have driven South African mining stocks to an almost 11-year high. Johannesburg’s FTSE/JSE Africa Mining Index gained as much as 2% Thursday to the highest since July 2008. Anglo American, BHP Group and AngloGold Ashanti have... 

Majority of planned upgrades at Edenville’s Tanzania project completed

By: Simone Liedtke     13th June 2019 The majority of the planned plant upgrades at Aim-listed Edenville Energy’s flagship Rukwa coal project, in Tanzania, have been completed, the company reported on Thursday. One of the key upgrades was further modifications to the pre-screen, which had been installed in January 2019. 

Zambian President threatens to fine miners who break law

By: Reuters     13th June 2019 Zambia will fine and break ties with mining firms that fail to operate according to the southern African country's laws, President Edgar Lungu said on Thursday, escalating a dispute with India-listed Vedanta. Vedanta is fighting Zambia's decision last month to name a provisional liquidator to run... 

Mining production remains depressed in April, but mineral sales increase

By: Tasneem Bulbulia     13th June 2019 Mining production decreased by 1.5% year-on-year in April, Statistics South Africa (Stats SA) data revealed on Thursday. The largest negative contributors were gold, at -19.5%, and contributing -2.7 percentage points; iron ore, at -11.9%, and contributing -1.7 percentage points; and chromium ore,... 

Vedanta denies sabotaging KCM operations 

By: Marleny Arnoldi     13th June 2019 Diversified miner Vedanta Resources on Thursday denied allegations of the company’s involvement in “certain problems” being experienced at its Konkola Copper Mines (KCM) operations, in Zambia. This comes amid court proceedings launched by the State to have KCM wound up.  

Alacer ups oxide guidance, sulphide plant hits commercial milestone

By: Creamer Media Reporter      13th June 2019 TSX- and ASX-listed Alacer Gold on Thursday increased its 2019 production guidance from the oxide plant at its Çöpler mine in Turkey, while also announcing that its sulphide plant had reached commercial production at the end of May. The oxide plant’s production guidance has been increased from a... 

Unions to strike at Chile's Chuquicamata after labour deal falls through

By: Reuters     13th June 2019 Unionised workers at Codelco's Chuquicamata copper mine, one of the world's largest, said late on Wednesday they would walk off the job beginning Friday after failing to reach a labor deal with Codelco, the world's top copper producer. Chuquicamata unions 1, 2, and 3 voted to reject Codelco´s... 

Polymetal doubles Veduga reserves to 2.8Moz

By: Creamer Media Reporter      13th June 2019 Russian gold and silver miner Polymetal has more than doubled the ore reserves at the Veduga gold deposit to 2.8-million ounces, which the company said on Thursday should be helpful for potential acquirers of the asset. The updated reserve estimate comprises 18.9-million tonnes of ore with an... 

Sarama resumes exploration activities at South Houndé

By: Tasneem Bulbulia     13th June 2019 West Africa-focused gold explorer and developer Sarama Resources has restarted exploration activities at its South Houndé project in Burkina Faso, with a focus on oxide targets. This restart follows the recent agreement to terminate the company’s earn-in agreement with Acacia Mining. 

Platinum mine truck being converted to run on hydrogen 

By: Martin Creamer     13th June 2019 Early research and development work has begun to pave the way for the introduction of hydrogen fuel cell electric trucking at a local platinum mine, Mining Weekly Online can today report. A truck is currently being converted to run on hydrogen, which will initially be brought to the mine in tankers. 

Platinum mine truck being converted to run on hydrogen
Inner workings of platinum-catalysed hydrogen fuel cell

EU: No strategy yet if China halts critical exports in US trade war

By: Reuters     13th June 2019 The European Union on Thursday said it had no clear strategy on how to ensure continued supplies of critical raw materials if China, the world's leading supplier of rare earth minerals, used such exports as leverage in the escalating US-China trade war. EU Trade Commissioner Cecilia Malmstrom... 

EU: No strategy yet if China halts critical exports in US trade war

Iamgold’s Stothart to chair MAC for two years

By: Creamer Media Reporter      13th June 2019 Executive VP and COO of Iamgold, Gordon Stothart, has been elected chairperson of the Mining Association of Canada (MAC) for a two-year term. He is succeeding Suncor Energy VP for the Fort Hill operation, Anne Marie Toutant, who served as chairperson from 2017. 

Nemaska Lithium eyes fresh steps to raise capital for Quebec project

By: Reuters     13th June 2019 Nemaska Lithium may issue new shares, take on new debt or sell assets as it hunts for fresh capital to build a lithium project in Quebec that faces cost overruns of more than $300-million, head of investor relations Wanda Cutler said on Wednesday. "Everything from M&A to more debt to equity is... 

Nemaska Lithium eyes fresh steps to raise capital for Quebec project

Titan considering legal options over ex-Core CEO allegations

By: Esmarie Iannucci     13th June 2019 ASX-listed Titan Minerals on Thursday revealed that it has engaged Canadian and Australian litigation council to consider its legal options following comments made by the former CEO of takeover target Core Gold. Keith Piggott’s appointment as president and CEO of Core Gold was terminated... 

Ecuador says Cascabel could become a top world copper mine

By: Reuters     13th June 2019 A preliminary study of the Cascabel mining project in northern Ecuador shows that it could become one of the world's largest copper, silver and gold mines, Ecuador's government said on Wednesday. The project, operated by Australia's Solgold, is in the advanced exploration phase. It is one of the... 

Lake Way proves up for Salt Lake

By: Esmarie Iannucci     13th June 2019 A scoping study into the Lake Way sulphate of potash (SOP) project, in Western Australia, has shown that the project could produce some 200 000 t/y of premium-grade SOP over a mine life of 20 years. ASX-listed Salt Lake Potash on Thursday reported that the project could have the lowest... 

Resolute increases hedging book

By: Esmarie Iannucci     13th June 2019 Gold miner Resolute Mining has forward sold another 30 000 oz of gold at an average price of $1 943/oz. The ASX-listed miner on Thursday said that the gold would be delivered in monthly batches of 5 000 oz between January 2020 and June 2020. 

Taseko’s Florence awarded $1.7m in costs

By: Creamer Media Reporter      13th June 2019 The town of Florence, in Arizona, in the US, has been ordered to pay Taseko Mines’ Florence copper mine attorney’s fees and costs after its legal challenge failed in court last week. The Superior Court of Arizona has ordered that Florence Copper be awarded $1.7-million in attorneys’ fees and $32... 

Azumah raises cash for Wa

By: Esmarie Iannucci     13th June 2019 Explorer Azumah Resources is hoping to raise A$2-million through a share purchase plan (SPP) to progress its Wa gold project, in Ghana. The company on Thursday announced that eligible shareholders would be able to subscribe for up to A$15 000 of new shares under the SPP, with the shares to be... 

Australia Mines’ Sconi now a 30-year operation

By: Esmarie Iannucci     13th June 2019 ASX-listed Australian Mines has updated the economics and mine plan for its Sconi cobalt/nickel/scandium project, in Queensland. The company on Thursday said that Sconi’s projected mine life has increased from the 18 years considered in the bankable feasibility study (BFS), to 30 years, on the... 

After lengthy delays, Adani’s Carmichael gains final enviro approval

By: Esmarie Iannucci     13th June 2019 Indian major Adani’s groundwater management plan for its Carmichael coal project, in Queensland, has been approved the by the Department of Environment and Science (DES). The approved plan was the eleventh incantation of the groundwater management plan, and was previously independently... 

After lengthy delays, Adani’s Carmichael gains final enviro approval

Pot takes the spotlight away from lithium and threatens the EV boom

By: Bloomberg     13th June 2019 Lithium miners are seeing investor interest go up in smoke. The flow of capital into the cannabis industry is draining investments into lithium producers that supply the raw mineral key to power the electric-vehicle revolution 

Pot takes the spotlight away from lithium and threatens the EV boom

Romania offers rare earths to enter lucrative battery market

By: Bloomberg     13th June 2019 Romania is reopening mines for rare earth minerals to lure investments in electric battery plants, joining a Europe-wide initiative that aims for a bigger share of the global market. The government is renewing operations at three mines that produce rare metals, including europium and dysprosium,... 

Resources Watch 

13th June 2019 Junior mining badly in need of kickstart And, Manganese poised to make its mark as EV metal 

Resources Watch
Resources Watch

SA's EV opportunity, Tshipi-South32 agreement  

13th June 2019 This week Mining Weekly editor Martin Creamer unpacks South Africa’s opportunity in platinum and manganese, the electrification of taxi fleets and the Tshipi and South32 agreement.   

SA's EV opportunity, Tshipi-South32 agreement
SA's EV opportunity, Tshipi-South32 agreement

World's top platinum miners brace for ‘substantial’ wage demands 

By: Bloomberg     13th June 2019 South African platinum producers are preparing for significant wage demands as workers eye windfall earnings from a rally in metal prices. The Association of Mineworkers and Construction Union is meeting its members across the country’s so-called Platinum Belt this week, before presenting demands... 

World's top platinum miners brace for ‘substantial’ wage demands

Petronet LNG completes expansion of Dahej terminal

By: Ajoy K Das     12th June 2019 India’s biggest natural gas importer, Petronet LNG Limited (PLL), has completed the expansion of its liquefied natural gas (LNG) terminal at Dahej in the western state of Gujarat and is a step closer towards increasing its inward shipment of LNG during the financial year by 15%. In a statement... 

Commentators differ on impacts of DRC’s revised Mining Code 

By: Simone Liedtke     12th June 2019 Ivanhoe Mines Democratic Republic of Congo operations MD Louis Watum says the country’s new Mining Code has created uncertainty regarding the regulatory framework within the country, which has negatively impacted on funding in the DRC’s mining industry. The revised Mining Code seeks to benefit... 

Afarak idles two Mogale furnaces amid electricity supply, price challenges  

By: Marleny Arnoldi     12th June 2019 LSE- and Nasdaq-listed specialist alloy producer Afarak has decided to idle the two submerged arc furnaces at its Mogale Alloys processing facility, in Krugersdorp, South Africa. “The business environment in South Africa, with the irregular availability and the high cost of energy has... 

Oil demand signals are flashing red as price dives toward $50

By: Bloomberg     12th June 2019 Oil demand is shriveling as the trade war between the US and China trips up the global economy. Estimates for March and April are pointing to year-on-year declines in regions that account for almost half of global oil demand, according to Morgan Stanley. Indicators including the profit from... 

Galantas chair Jack Gunter dies

By: Creamer Media Reporter      12th June 2019 Jack Gunter, the nonexecutive chairperson of Toronto- and London-listed Galantas Gold has died. The company said on Wednesday that Gunter had led the discovery of the Omagh gold deposits in Northern Ireland, which were currently in development. 

IronRidge acquires full ownership of Vavoua portfolio in Côte d'Ivoire

By: Simone Liedtke     12th June 2019 Aim-listed IronRidge Resources has completed the acquisition of 100% of the share capital of each of the Vavoua projects, giving it full ownership of a further highly prospective gold exploration portfolio in Côte d'Ivoire. The consideration and transfer of full ownership of the Vavoua projects... 

KCM plans to restart smelter on June 22

By: Reuters     12th June 2019 Konkola Copper Mines (KCM), owned by Vedanta Resources, plans to restart its Nchanga smelter on June 22, the company said on Wednesday. KCM said the Nchanga smelter, near Zambia's border with the Democratic Republic of Congo, had been idle pending availability of concentrates. 

Galileo mulls rare earths production amid possible Chinese export ban

By: Marleny Arnoldi     12th June 2019 Amid a looming global rare earth supply shortage, Aim-listed Galileo Resources is considering the options for its 34%-owned Glenover rare earth/phosphate project, in Limpopo, South Africa. The company stated in a release issued on Wednesday that, should China stop exports of rare earth minerals... 

Altus discovers new gold prospect at Ethiopian project

By: Simone Liedtke     12th June 2019 Aim- and TSX-V-listed Altus Strategies has discovered a new gold prospect, Wedi Keshi, at its Daro copper/gold/silver volcanogenic massive sulphide project, in northern Ethiopia. Altus CEO Steven Poulton says the Wedi Keshi prospect has been mapped for about 2 km in length and 300 m in width and... 

Arc Minerals starts drilling programme within Zamsort licence

By: Simone Liedtke     12th June 2019 Aim-listed Arc Minerals has started an initial 7 500 m drilling programme at its Zamsort/Zaco copper project, in the Zambian Copperbelt. The drilling programme is designed to test the large Cheyeza anomaly, as well as the Lumbeta and Muswema targets, in addition to other targets generated through... 

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