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Latest News

Phoenix lines up lead adviser for Empire feasibility and construction funding

By: Creamer Media Reporter      9th July 2019 North America-focused base and precious metals exploration and development company Phoenix Copper has appointed mining finance advisory firm Medea Natural Resources as lead financial adviser to arrange up to $70-million for the construction of the Empire Mine openpit project, in Idaho, US. The... 

Nyrstar extends stoppage at Port Pirie smelter until late July

By: Reuters     9th July 2019 Metals and mining company Nyrstar said on Tuesday that it was extending force majeure at its Port Pirie lead and zinc smelter in Australia until the last week of July. The Belgium-based company now expects both the TSL and the blast furnace to restart by the end of July. 

Century has record quarter as production ramps up

By: Esmarie Iannucci     9th July 2019 Base metals miner New Century Resources has reported record quarterly zinc production in the three months to June, as production at its namesake project in Queensland, continued to ramp-up. Overall zinc metal output during the three months to June increased by 12%, to 20 450 t of zinc metal... 

Pilbara pushes production back up

By: Esmarie Iannucci     9th July 2019 ASX-listed lithium miner Pilbara Minerals on Tuesday said that production and sales are expected to return to full capacity during the December quarter, based on the latest discussions with its customers. Pilbara last month told shareholders that production from the Pilgangoora project, in... 

Pilbara pushes production back up

Brazil to auction mining rights for about 1 000 areas this year – regulator

By: Reuters     9th July 2019 Brazil plans to put about 1 000 mining areas up for auction this year including areas containing gold, copper and iron-ore, a director of the country's National Mining Agency (ANM) told Reuters on Monday. ANM had initially planned to start auctioning off the areas in the first half of 2019, but... 

Atico buys Toachi to create new Latin American copper/gold miner

By: Creamer Media Reporter      9th July 2019 TSX-V-listed mining juniors Atico Mining and Toachi Mining on Monday announced a transaction to create a new Latin America-focused copper/gold company, anchored by the producing El Robe mine in Colombia and the high-grade La Plata project, in Ecuador. In terms of the transaction, Atico will... 

Atico buys Toachi to create new Latin American copper/gold miner
Core from the La Plata project, in Ecuador.

Tharisa mine set for strong finish to 2019 financial year 

By: Marleny Arnoldi     9th July 2019 Platinum group metals and chrome miner Tharisa says an improvement in key production metrics has set its Tharisa mine up for a strong finish to the 2019 financial year. For the third quarter ended June 30, Tharisa achieved a 2% quarter-on-quarter improvement in reef tonnes mined and a 5.4%... 

Tharisa mine set for strong finish to 2019 financial year
Tharisa CEO Phoevos Pouroulis

Kvanefjeld costs nearly halved

By: Esmarie Iannucci     9th July 2019 The projected capital cost for the Kvanefjeld rare earths project, in Greenland, has been reduced by some 40%, from $832-million to $505-million, ASX-listed Greenland Minerals reported on Tuesday. The reduction in the capital costs estimates resulted from optimisation studies covering all... 

Bass finds buyers in India

By: Esmarie Iannucci     9th July 2019 Graphite miner Bass Metals has signed an agency agreement to supply graphite concentrates from its Graphmada project, in Madagascar, into the Indian market. The exclusive agency agreement with industrial minerals group Polo Queen Minchems provides the Indian company with an exclusive in-country... 

Strandline adds to Tajiri resource

By: Esmarie Iannucci     9th July 2019 Mineral sands developer Strandline Resources has reported an 80% increase in the resource estimate of the Tajiri project, in Tanzania, which is now estimated to host some 268-million tonnes grading 3.3% total heavy minerals. The new resource estimate has increased the contained heavy mineral... 

Gold sees wildest price swings since 2016

By: Bloomberg     9th July 2019 The gold market is seeing the biggest price swings since late 2016 as traders and investors struggled to read when the Federal Reserve may cut interest rates. Bullion futures settled little changed in New York Monday just days after the metal surged near the highest since 2013 on bets the Fed... 

Kathleen Valley resource jumps by 353%

By: Esmarie Iannucci     9th July 2019 The mineral resource estimate for the Kathleen Valley lithium/tantalum project, in Western Australia, has increased by 353%, on the back of new drilling results. ASX-listed Liontown Resources told shareholders on Tuesday that the Kathleen Valley measured, indicated and inferred resource was now... 

Intermin sells Menzies and Goongarrie

By: Esmarie Iannucci     9th July 2019 ASX-listed Intermin Resources has struck an A$8-million deal with fellow-listed Kingwest Resources to divest of its Menzies and Goongarrie gold projects, in Western Australia. Under the terms of the agreement, Kingwest would pay A$3.375-million in cash and A$4.625-million in shares, resulting in... 

Congo’s swing producers turn to copper after cobalt meltdown 

By: Bloomberg     8th July 2019 Production of hand-dug cobalt in the Democratic Republic of Congo is poised to drop sharply after prices tumbled, prompting many of the country’s thousands of artisanal miners to switch focus to copper instead. Congo last year produced about 72% of the world’s cobalt, a key ingredient in the... 

Congolese army fires in the air during protest near Glencore plant 

By: Reuters     8th July 2019 Congolese soldiers fired in the air on Monday as illegal miners protested outside a metallurgical plant on a copper and cobalt concession run by Glencore, a witness said. The protest near the Luilu plant follows the eviction last week of thousands of illegal miners from Glencore's Kamoto Copper... 

Endeavour grows Ity deposit’s resources to 500 000 oz

By: Tasneem Bulbulia     8th July 2019 Gold miner Endeavour Mining has recorded a significant addition in high-grade resources at the Le Plaque discovery at its flagship Ity mine, in Côte d’Ivoire. The definition of seven new targets is also expected to boost confidence in delineating further resources. 

Premier to loan owners of a Namibian manganese project $1.35m

By: Tasneem Bulbulia     8th July 2019 Aim-listed Premier African Minerals on Monday announced a strategic loan to MN Holdings (MNH), the owner and operator of the Otjozondu manganese mining project in Namibia, and the appointment of two key mining executives as consultants to Premier. Premier and Cambrian have jointly agreed to loan... 

Coricancha gets Great Panther production nod

By: Mariaan Webb     8th July 2019 Vancouver-based Great Panther Mining on Monday announced a positive production decision for its Coricancha gold/silver/lead/zinc/copper mine, in Peru, but said that an actual restart date would only be determined next year. The positive production decision followed the final results of the trial... 

Coricancha gets Great Panther production nod

Horizonte’s Araguaia project guaranteed access to national grid

By: Creamer Media Reporter      8th July 2019 The Brazilian Mines and Energy Ministry has awarded dual-listed Horizonte an energy decree, which guarantees the company access to the national grid for the commercial operation of its Araguaia ferronickel project. The receipt of the energy decree follows a number of key permitting milestones... 

BlueRock Diamonds’ new management delivers record quarterly performance

By: Tasneem Bulbulia     8th July 2019 Aim-listed BlueRock Diamonds, which owns and operates the Kareevlei diamond mine in the Kimberley region of South Africa, achieved record production of 3 516 ct in the second quarter, four times the 875 ct produced in the second quarter of last year. “I am very pleased with the impact that our... 

Beowulf CEO outlines three-step plan for Kallak

By: Mariaan Webb     8th July 2019 Nordic-focused explorer and developer Beowulf Mining CEO Kurt Budge has used the Almedalen political week in Visby, Sweden, to outline a three-step plan for advancing the Kallak project, should the company be granted a concession. Whereas previous presentations at Sweden’s yearly political... 

Beowulf CEO outlines three-step plan for Kallak
A file photo of a drill rig operating at Kallak, in Sweden.

Acacia’s production rebounds sharply in second quarter

By: Tasneem Bulbulia     8th July 2019 Tanzanian gold producer Acacia Mining achieved a 51% quarter-on-quarter increase in production in the second quarter. This follows the successful implementation of a revised mining plan at the North Mara underground and openpit operations, which resulted in an 80% quarter-on-quarter increase in... 

Platinum giants bolster positions before wage talks begin

By: Bloomberg     8th July 2019 When the world’s biggest platinum miners sit down to hammer out a wage deal with one of South Africa’s most militant labor unions this week, they’ll hold two potentially winning cards in reserve: the cash and metal stockpiles to endure a strike. Those buffers may prove crucial as Anglo American... 

De Beers launches 3-year $315 000 partnership to develop women engineers

By: Nadine James     8th July 2019 De Beers Group on Monday announced the launch of a three-year $315 000 partnership with WomEng to develop the next generation of highly skilled women engineers. De Beers will invest the the funds in programmes that aim to encourage young women to study science, technology, engineering and... 

Implats to swing to full-year earnings

By: Simone Liedtke     8th July 2019 An improved rand platinum-group metals (PGMs) basket price and improved operational performances during the financial year ended June 30 are expected to result in platinum miner Impala Platinum (Implats) reporting basic and headline earnings a share for the period. This compared with the basic... 

Central bank gold purchases up 73% so far this year, says WGC

By: Nadine James     8th July 2019 Net gold purchases by central banks totalled 35.8 t in May, 27% lower month-on-month, but net purchases in the year to date, at 247.3 t, are 73% higher year-on-year, the World Gold Council (WGC) reports. WGC market intelligence director Alistair Hewitt on Monday pointed out that central banks in... 

Firestone recovers 54 ct yellow diamond at Liqhobong

By: Simone Liedtke     8th July 2019 Firestone Diamonds has recovered a 54 ct intense fancy yellow, sawable diamond from its Liqhobong mine, in Lesotho. The diamond will go on sale at the next tender, which is scheduled to take place during September. 

Firestone recovers 54 ct yellow diamond at Liqhobong

Silver Lakes takes stake in Encounter

By: Esmarie Iannucci     8th July 2019 Gold miner Silver Lake Resources has taken a 5.3% stake in fellow-listed Encounter Resources, as part of Encounter’s share placement to raise A$1.4-million. Silver Lake has subscribed for 6.7-million shares in Encounter, at a price of 7.5c each. 

NTM raises cash for exploration

By: Esmarie Iannucci     8th July 2019 ASX-listed junior NTM Gold will raise A$3.86-million to accelerate the exploration on its Redcliffe gold project, in Western Australia. The company on Monday announced that it would issue some 100-million shares, at a price of 3.25c each, to institutional and sophisticated investors. The share... 

Construction starts on Project Atlas pipeline

By: Esmarie Iannucci     8th July 2019 Construction has started on the Project Atlas pipeline, in Queensland, energy infrastructure developer Jemena has announced. Project Atlas is the first acreage in Australia designated solely to supply gas to the domestic market, and includes a 40 TJ/d natural gas processing facility and a 60-km... 

Fortescue breaks ground on $1.25bn Pilbara mine

By: Esmarie Iannucci     8th July 2019 Iron-ore miner Fortescue Metals has turned the first sod at its $1.25-billion Eliwana mine and rail project, in the Pilbara. “This is a proud day for Fortescue as we celebrate the largest project since the Kings Valley mine in 2014,” Fortescue chairperson and founder Andrew Forrest said on Friday. 

Lynham calls urgent meeting after 6 mining deaths in 12 months

By: Esmarie Iannucci     8th July 2019 Queensland Natural Resources, Mines and Energy Minister Dr Anthony Lynham has called an urgent meeting between the government, representatives of the mining industry, and workers following a fatality at the Baralaba coal mine, and a “serious incident” at the Collinsville coal mine. A 27-year old... 

Lynham calls urgent meeting after 6 mining deaths in 12 months

Sundance signs new agreement with AustSino

By: Esmarie Iannucci     8th July 2019 Iron-ore hopeful Sundance Resources has inked a new agreement with ASX-listed AustSino and its noteholders, as uncertainty around the reinstatement of the Mbalam Convention with the Cameroon government, remains. Under a previous agreement struck between the Parties, AustSino originally agreed... 

The US and Europe are getting more anxious about EV battery shortages

By: Bloomberg     8th July 2019 Automakers to trading houses from North America to Europe are becoming more concerned about future supply shortages of key materials needed for electric vehicle batteries as spending on new production soars, according to the developer of a $1.5-billion project in Australia. More than a dozen... 

The US and Europe are getting more anxious about EV battery shortages
Clean TeQ is developing the Sunrise project, in Australia.

Partial underground operations at Red Lake to resume – Newmont Goldcorp

By: Tasneem Bulbulia     8th July 2019 NYSE-listed gold mining company Newmont Goldcorp on Sunday reported that partial underground operations at its Red Lake mine in Ontario would resume by Tuesday. Underground mining was paused last week to allow for the installation of additional controls to further protect workers in the event of... 

Anglo American firms up stake in Orion as Prieska gets enviro nod 

By: Esmarie Iannucci     8th July 2019 Mining major Anglo American’s enterprise development division, Anglo American sefa Mining Fund (AASMF), has taken a 3.7% interest in ASX- and JSE-listed Orion Mining. AASMF in 2015 subscribed for 15.75-million redeemable preference shares in Repli Trading No 27, which is 73.33% held by Orion, at... 

Anglo American firms up stake in Orion as Prieska gets enviro nod
Orion MD Errol Smart

Barrick prepares to start sale of Massawa gold project

By: Bloomberg     7th July 2019 Barrick Gold is working with advisers to find a buyer for its Massawa gold project in Senegal, which it acquired as part of its purchase of Randgold Resources, people familiar with the matter said. The asset could fetch a value of about $500-million, the people said, asking not to be identified... 

Barrick prepares to start sale of Massawa gold project
Photo by Reuters
Barrick CEO Mark Bristow

Swedish Stirling signs exclusivity agreement with Glencore South Africa for clean tech

By: Tasneem Bulbulia     5th July 2019 Cleantech company Swedish Stirling has signed an exclusivity agreement with Glencore Operations South Africa’s alloys division, which grants it exclusivity in negotiating the installation of initially up to 25 PWR BLOK 400-F at a 9.9 MW power generation facility at a Glencore smelter, in... 

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