R/€ = 16.26 Change: 0.35
R/$ = 14.52 Change: 0.29
Au 1346.10 $/oz Change: 10.58
Pt 802.76 $/oz Change: 3.72

Latest News

Stornoway receives financial backing while strategic review continues

By: Creamer Media Reporter      12th June 2019 While Stornoway Diamond Corp continues with a strategic review aimed at ensuring the long-term viability of its Renard mine, in Quebec, the company has received financial backing from its secured lenders and key stakeholders. Under the terms of the bridge financing agreement, Diaquem, an... 

Tariff and budgetary assistance for Australia mining negligible – Productivity Commission

By: Esmarie Iannucci     12th June 2019 The Australian resources sector has welcomed the Productivity Commission’s Trade and Assistance Review for 2017/18, saying it exploded the myth that the resources industry was subsidised. The Productivity Commission estimates that the effective rate of combined assistance to mining in 2017/18... 

Oklo exercises Sari option

By: Esmarie Iannucci     12th June 2019 Explorer Oklo Resources has exercised its option to acquire a 65% interest in the Sari gold project, in Mali. Under the terms of a 2018 agreement, Oklo has now exercised its rights by paying €15 245. The company could increase its shareholding in the project area to 100% by paying a further €15... 

Australian Mines plans SPP for Sconi

By: Esmarie Iannucci     12th June 2019 Junior Australian Mines is hoping to raise A$5-million through a share purchase plan (SPP) to advance its Sconi cobalt/nickel/scandium project, in Queensland. Under the SPP eligible shareholders would be able to subscribe for up to A$15 000 of additional shares in the company, with the new... 

Westgold completes Higginsville sale to RNC

By: Esmarie Iannucci     12th June 2019 ASX-listed Westgold Resources has completed the sale of its Higginsville gold operation, in Western Australia, to TSX-listed RNC Minerals. Westgold sold the Higgensville operation for some A$50-million, with the company receiving 50% of the consideration in cash and the remainder in RNC shares. 

AVZ strikes strategic relationship deal with Huayou

By: Esmarie Iannucci     12th June 2019 ASX-listed AVZ Minerals has inked a strategic relationship agreement with China’s Huayou Cobalt Group to complete a definitive feasibility study on the Manono lithium and tin project, in the Democratic Republic of Congo. AVZ said on Wednesday that Huayou would also be able to provide advice and... 

Northern Minerals completes institutional raise

By: Esmarie Iannucci     12th June 2019 Rare earths developer Northern Minerals has completed the institutional component of its previously announced A$22-million capital raise. The company on Wednesday said that it had raised an initial A$2.6-million through the institutional component of its 1-for-13 non-renounceable pro-rata... 

Australia’s first automation courses launched

By: Esmarie Iannucci     12th June 2019 Two automation courses have been launched at the South Metropolitan TAFE, in Western Australia, marking a first nationally-recognised qualifications in autonomous operations. The new certificate courses were developed on the back of A$2-million in funding from mining major Rio Tinto. 

Australia’s first automation courses launched
Premier Mark McGowen

New kimberlite discovered at Mountain Province and De Beers Canada JV

By: Creamer Media Reporter      12th June 2019 TSX- and Nasdaq-listed Mountain Province Diamonds has discovered a new kimberlite at its Gahcho Kué joint venture (JV) leases – the first to be discovered in the area in more than two decades. The Wilson kimberlite, which was named after Canada’s first female geologist, Alice Evelyn Wilson, is... 

ELBCon installing leach vats at Glencore’s Rhovan vanadium mine

By: Simone Liedtke     12th June 2019 Construction services provider ELB Construction (ELBCon) has been awarded a contract by Turnmill Proquip Equipment to install four leach vats, as well as associated structural steel, at Glencore’s Rhovan vanadium mine, in the North West. The mine’s aged leach vats are becoming obsolete and will... 

ELBCon installing leach vats at Glencore’s Rhovan vanadium mine

Norway fund may have to offload $1bn stake in Glencore in shift away from coal 

By: Reuters     12th June 2019 Norway's $1-trillion sovereign wealth fund may have to sell its $1-billion stake in commodities giant Glencore, among other companies that derive more than 30% of their revenue from coal, to meet proposed tighter ethical investing rules. Under the centre-right government's plan, expected to be... 

Norway fund may have to offload $1bn stake in Glencore in shift away from coal

Poland sacks CEO of State-run coal miner JSW, shares tumble

By: Reuters     12th June 2019 The CEO of Polish State-run coking coal producer JSW was sacked by the energy ministry on Tuesday following a dispute over strategy. Shares in the company fell more than 6% on the news, which added to broader investor concerns that Poland's government is interfering in state-run and listed... 

Avesoro in talks to re-hire Youga openpit contractors

By: Simone Liedtke     12th June 2019 Negotiations remain ongoing between West Africa-focussed gold producer Avesoro Resources’ openpit mining contractor, Orkun, and former employees of the company’s openpit operation at its Youga mine, in Burkina Faso. Negotiations are being handled with a view to re-hiring the employees. 

Chile to clean up rules for lithium industry to boost production

By: Reuters     12th June 2019 Chile´s Mining Ministry said on Tuesday it would release in "the coming weeks" a plan to clarify rules around its lithium industry to maintain its global share of output amid spiraling demand for the coveted battery metal. At a gathering of lithium investors in Santiago, Mining Minister Baldo... 

Albemarle details efforts to boost its Chilean lithium output by 30%

By: Reuters     12th June 2019 Albemarle on Tuesday detailed a process it believes will increase its Chilean lithium output by nearly a third and said it is working to reduce the affect of precipitation on its evaporation ponds. Both steps should, if successful, help the world's largest lithium producer solidify its... 

Saving Earth with electric cars means wrecking a fragile desert

By: Bloomberg     11th June 2019 The oases that once interrupted the dusty slopes of the Atacama desert in northern Chile allowed humans and animals to survive for thousands of years in the world’s driest climate. That was before the mining started. Sara Plaza, 67 years old, can still remember guiding her family’s sheep along... 

Albemarle says won't participate in LME lithium contract

By: Reuters     11th June 2019 Albemarle, the world's largest lithium producer, said on Tuesday it would not participate in the London Metal Exchange's plans to launch a new contract for the white metal. "An exchange contract tends to support a commodity market, and that's not what we believe this (lithium market) is," David... 

Judgment reserved in Vedanta’s application to join KCM proceedings 

By: Marleny Arnoldi     11th June 2019 Diversified miner Vedanta Resources on Tuesday said its application to be joined to the confirmation hearing for the ex parte appointment of a provisional liquidator for its Konkola Copper Mines subsidiary had been heard by judge Annesie Banda-Bobo in the Lusaka High Court and that judgment had... 

Erratic weather boosts energy demand, denting climate goals – BP 

By: Reuters     11th June 2019 Extreme temperatures around the globe drove a sharp acceleration in energy demand and carbon emissions last year, oil giant BP said on Tuesday, issuing a stark warning that the world risks losing the battle against climate change. And while 2018 saw another sharp pick up in renewable power such... 

Atha-Africa secures last approval for Yzermyn mine

By: Tasneem Bulbulia     11th June 2019 The Gert Sibande District Municipal Planning Tribunal has approved Atha-Africa Ventures’ application for a land use change to allow for the construction of the Yzermyn underground coal mine. “Atha-Africa is extremely pleased with the decision, as this particular authorisation was the last... 

‘Lithium for the UK’ study launched

By: Creamer Media Reporter      11th June 2019 The UK government will fund a study to assess the feasibility of developing a UK supply of lithium, a consortium comprising mining consultancy firm Wardell Armstrong, explorer Cornish Lithium and the Natural History Museum has announced. The ‘Lithium for the UK’ project aims to help meet the... 

‘Lithium for the UK’ study launched

Vutomi to sell diamonds recovered at Thorny River

By: Tasneem Bulbulia     11th June 2019 Aim-listed Botswana Diamonds’ associate, Vutomi, has received approval to sell 256 ct of rough diamonds recovered during a bulk sampling programme at the Thorny River project, in South Africa. The sale of diamonds from bulk sampling will enable the further development of the project. 

Gem paid Lesotho $24.55m in royalties, taxes in 2018

By: Tasneem Bulbulia     11th June 2019 Aim-listed Gem Diamonds paid Lesotho $24.55-million in royalties and taxes for the 2018 financial year. The company, which operates the Letšeng mine, in Lesotho, paid $6.16-million in taxes to the Lesotho Revenue Authority and $18.39-million in royalties to the country’s government. 

Barrick participates in Midas Gold offering

By: Creamer Media Reporter      11th June 2019 The world’s second largest gold miner, Barrick Gold, on Tuesday announced that it would acquire shares in US-focused Midas Gold as part of the Vancouver-headquartered junior’s public offering of shares announced the previous day. Barrick currently owns 46 551 731 shares of Midas, representing... 

Continental Tyre to halt underground mining, agricultural tyre production in South Africa 

By: Irma Venter     11th June 2019 Continental Tyre South Africa (CTSA) will discontinue the production of underground mining and agricultural tyres. This decision affects about 170 employees within CTSA’s manufacturing and sales organisation. 

 Continental Tyre to halt underground mining, agricultural tyre production in South Africa

Ivanhoe says copper is the king of ‘green metals’ 

By: Mariaan Webb     11th June 2019 Efforts to wean the world from burning fossil fuels for transportation and energy generation will drive demand for commodities for years to come, paving the way for miners of so-called green metals to play a crucial part in solving some of the planet’s biggest problems, says Canadian miner... 

Ivanhoe says copper is the king of ‘green metals’
Ivanhoe co-chairperson Robert Friedland

Wits sends off first Kenyan mining PhD graduate

By: Marleny Arnoldi     11th June 2019 The University of the Witwatersrand (Wits) School of Mining Engineering this week celebrated the success of the first Kenyan PhD mining graduate Dr Joseph Muchiri Githiria. After finishing his studies near the end of last year, he returned to his post as lecturer at Kenya’s Taita Taveta... 

Wescoal to acquire surface rights to expand Vanggatfontein colliery

By: Tasneem Bulbulia     11th June 2019 JSE-listed Wescoal has, through its Keaton Mining subsidiary, entered into two indivisible memoranda of agreement for the purchase of immovable property from Johan Louis Venter Testamentere Trust (JLV Testamentere Trust) and Andries Schoeman Brakfontein Boerdery (ASB Boerdery). Keaton will... 

Greenpeace study recommends Eskom sell its coal-fired power stations

By: Tasneem Bulbulia     11th June 2019 A study commissioned by Greenpeace Africa recommends that State-owned Eskom, as part of its reform, gradually spin out its coal-fired power generation activities to new generation companies that will operate the power plants for the remainder of their operating lives. Greenpeace had commissioned... 

Greenpeace study recommends Eskom sell its coal-fired power stations
Photo by Creamer Media's Terence Creamer
The Lethabo power station

Battery-grade lithium hydroxide produced at Nevada project

By: Creamer Media Reporter      11th June 2019 Battery-grade lithium hydroxide has been successfully produced from the Rhyolite Ridge project, in Nevada, using standard commercial processes, Australia-based ioneer reported on Tuesday. The testwork, undertaken by lithium processing technology group Veolia Water Technologies, confirmed the key... 

Senegal's justice ministry calls for inquiry into energy contracts

By: Reuters     11th June 2019 Senegal's justice ministry asked prosecutors on Monday to launch an inquiry into the country's energy contracts after a report alleged that the President's brother was involved in fraud related to two offshore gas blocks being developed by BP. After the publication of the investigation by the BBC... 

Kibaran Resources outlines plans for battery graphite plant amid overseas demand

By: Reuters     11th June 2019 Australia's Kibaran Resources Ltd said on Tuesday its proposed production facility at Kwinana, near Perth in Western Australia, would manufacture battery graphite worth A$72-million a year for export. The company said an engineering study had found the plant would be financially and technically... 

China Minmetals Rare Earth starts new mining project in Hunan

By: Reuters     11th June 2019 China Minmetals Rare Earth, one of the country's largest rare earth miners, has begun construction of a new mining project in the central province of Hunan, the company said on Tuesday. The project in Jianghua county is expected to begin production in February 2020, with estimated output of 1 800... 

Cazaly strikes sales agreement for Parker Range

By: Esmarie Iannucci     11th June 2019 ASX-listed Cazaly Resources has agreed to divest of its Parker Range iron-ore project, in Western Australia, for A$13-million plus royalties. The agreement with privately held diversified company Gold Valley Iron allows for an initial three-month due diligence and exclusivity period, with Cazaly... 

Tshipi é Ntle, South32 to mine barrier pillar between Tshipi, Mamatwan mines

By: Marleny Arnoldi     11th June 2019 Tshipi é Ntle Manganese Mining, a subsidiary of ASX-listed Jupiter Mines, has signed an agreement with global diversified miner South32 to mine the barrier pillar between their respective manganese mines in the Northern Cape. Tshipi owns and operates the Tshipi Borwa mine and South32 the Mamatwan... 

Asante ‘excited’ about new mining technique at Ghana mine

By: Mariaan Webb     11th June 2019 Ghana-focused Asante Gold is considering using a new “disrupter” mining method at its Kubi gold project, which CEO Douglas MacQuarrie says has the potential to do for narrow, hard rock mining what hydraulic fracturing did for previously uneconomic gas and oil deposits. SMD, or sustainable mining... 

Deep Yellow raises cash for uranium strategy

By: Esmarie Iannucci     11th June 2019 Uranium junior Deep Yellow has raised A$9-million through a share placement, which will be used to fund the company’s growth strategy. The company issued more than 29-million shares, at a price of 31c each, under its placement capacity. 

TNG raises A$15m for Mt Peake

By: Esmarie Iannucci     11th June 2019 ASX-listed TNG will raise A$15-million to advance its Mt Peake vanadium/titanium/iron project, in the Northern Territory. The company on Tuesday said that it had secured a A$10-million investment from Germany’s DELPHI and Sparta, through a share placement priced at 0.93c a share.  

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