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Latest News

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... 

Continental closes $25m private placement

By: Simone Liedtke     5th July 2019 TSX-listed Continental Gold on Friday announced that it had closed a previously announced nonbrokered private placement with Eric Sprott through 2176423 Ontario, pursuant to which the company issued 10.6-million common shares for $25-million. The proceeds of the private placement will be used for... 

Commerce to restart pilot programme at Quebec rare earth project

By: Nadine James     5th July 2019 Commerce Resources on Friday announced that, given industry interest in its wholly-owned Ashram project and its development to date, the company intends to restart the pilot plant programme at Hazen Research, in Colorado, and produce several kilograms of representative rare earth samples for... 

Trans Hex proposes JSE delisting

By: Marleny Arnoldi     5th July 2019 JSE-listed Trans Hex announced on Friday a share buyback programme to purchase the issued share capital of shareholders at R1 apiece, which will effectively delist the company from the JSE. This offer excludes the shares of Cream Magenta 140, Metcap 14 Proprietary and RAC Investment Holdings –... 

PIC’s shareholding in Resgen decreases to 15.42%

By: Simone Liedtke     5th July 2019 Energy resources firm Resource Generation (Resgen) on Friday reported that the Public Investment Corporation’s (PIC’s) interest in the company had decreased to 15.42% of its total shares. According to Resgen’s website, the PIC had previously held a 19.9% interest in the company. 

Ferrexpo lifts first-half production by 5% y/y

By: Nadine James     5th July 2019 Swiss-based Ferrexpo increased its iron-ore pellet production for the second quarter by 11% quarter-on-quarter to 2.8-million tonnes. Half-year production was up 5% year-on-year to 5.4-million tonnes.   

B2Gold prioritises local employment, gender diversity

By: Nadine James     5th July 2019 TSX- and NYSE-listed B2Gold continues to maintain a high local employment rate, with 97% of the total workforce across all its operations being local employees. The company, which on Friday released its third ‘Responsible Mining Report’, pointed out that it also continues to prioritise gender... 

Oro Verde targets 60% stake in Ugandan rare earths project

By: Nadine James     5th July 2019 ASX-listed Oro Verde will acquire up to a 60% stake in the Makuutu rare earths project, in Uganda. The project is owned by Rwenzori Rare Metals, which is, in turn, 85%-owned by South Africa’s Rare Earth Elements Africa. 

Yamana and Lundin finalise Brazil copper project deal

By: Marleny Arnoldi     5th July 2019 Canadian base metals miner Lundin Mining on Friday announced that it had successfully completed the 100% acquisition of Mineração Maracá Indústria e Comércio, a mining company that owns the Chapada copper/gold mine, in Brazil. Lundin in April announced its plans to buy the company from Yamana... 

Atlatsa shareholders to meet on ‘going private’ deal on Aug 2 

By: Nadine James     5th July 2019 Shareholders of Atlatsa Resources Corporation will, on August 2, vote on a special resolution to implement a transaction that will result in the company delisting from the JSE and TSX. The transaction, first announced in December 2018, involves a two-phase restructuring plan in terms of which... 

Chile mining sector continues to lag on growth

By: Reuters     5th July 2019 Chile's economic activity rose 2.3% in May from the same month a year ago, the central bank said on Friday, as the top copper producer´s crucial mining sector continued to lag. The IMACEC economic activity index encompasses about 90% of the economy tallied in gross domestic product figures. 

UN deep sea mining body rejects Greenpeace criticism 

By: Reuters     5th July 2019 The International Seabed Authority (ISA) has rejected criticism from Greenpeace over its handling of ocean mining, fuelling a spat that threatens to overshadow talks this month by the UN body towards rules for deep sea mining. Mining international waters is in the spotlight as companies and... 

UN deep sea mining body rejects Greenpeace criticism

Alrosa earns $10m at Hong Kong auction

By: Nadine James     5th July 2019 Russian diamond company Alrosa earned revenue of $10.3-million in its latest auction of special size rough diamonds weighing more than 10.8 ct, in Hong Kong. It sold 112 gem-quality rough diamonds with a total weight of 1 910 ct. 

Zinc One to raise up to C$2.44-million in rights offer

By: Nadine James     5th July 2019 TSX-V-listed Zinc One Resources will proceed with a rights offer to raise between C$1.22-million and C$2.44-million. The company will offer rights to holders of its common shares, as from the close of business on July 8, on the basis of one right for each common share held. 

India raises import duties on gold, other precious metals

By: Reuters     5th July 2019 India has raised the import duties on gold and other precious metals to 12.5% from 10%, Finance Minister Nirmala Sitharaman said in her first federal budget speech on Friday, which may boost smuggling in the world's second-biggest bullion consumer. Shares of jewellery makers such as Titan and PC... 

Juardie on target for full production by the fourth quarter

By: Esmarie Iannucci     5th July 2019 Junior gold developer Beacon Minerals is targeting full production at its Juardie gold project, in Western Australia, by the fourth quarter of this year. The ASX-listed company on Thursday said an initial throughput has been targeted at a rate of 500 000 t/y to deliver some 25 000 oz/y of gold. 

Argosy marks first lithium in Argentina

By: Esmarie Iannucci     5th July 2019 ASX-listed Argosy Minerals has started lithium carbonate production at its industrial-scale pilot plant at the Rincon project, in Argentina. The operation entails the continuous processing of concentrated lithium brine, which is sourced from the operational evaporation ponds at the Rincon project... 

Spearmint embarks on Golden Triangle work programme

By: Nadine James     5th July 2019 Canadian company Spearmint Resources has started on a work programme at its Golden Triangle gold prospects over 3 705 ha of landholding directly bordering GT Gold Corp, in the Golden Triangle of British Columbia. “The price per ounce of gold has recently broken out to over $1 400 marking six-year... 

St Barbara meets revised output guidance

By: Esmarie Iannucci     5th July 2019 Gold miner St Barbara on Friday reported that gold production for the full 2019 financial year had reached 362 346 oz, which was consistent with the revised guidance of 360 000 oz. St Barbara last month flagged lower production from its Gwalia operation, in Western Australia, on the back of... 

Jambreiro PFS proves up for Centaurus

By: Esmarie Iannucci     5th July 2019 A prefeasibility study (PFS) into the Jambreiro iron-ore project, in Brazil, has estimated that the project would require a capital investment of A$59.8-million. ASX-listed Centaurus Metals on Friday noted that the one-million-tonne-a-year operations is expected to have an initial mine life of 18... 

More miners sign up for JMEI

By: Esmarie Iannucci     5th July 2019 The federal government’s Junior Minerals Exploration Incentive (JMEI) has again been oversubscribed, with 43 companies successfully applying for the A$30-million of available credits for the 2019/20 year, the Association of Mining and Exploration Companies said on Friday. The JMEI is a tax credit... 

Leagold’s interim production in line with guidance

By: Nadine James     5th July 2019 Canadian gold miner Leagold Mining Corporation on Thursday reported consolidated gold production of 91 285 oz for the second quarter, bringing year-to-date production to 197 234 oz – in line with guidance. Sales in the first half of the year totalled 201 724 oz. 

Further intervention on the cards for oil, gas sector

By: Esmarie Iannucci     5th July 2019 The Australian Petroleum Production and Exploration Association (Appea) has warned the federal government that market intervention could adversely affect confidence in the oil and gas sector, and could discourage new entrants and supply diversity. The warning comes after a South Australian minor... 

Further intervention on the cards for oil, gas sector

Anaconda increases private placement

By: Creamer Media Reporter      5th July 2019 TSX- and OTCQX-listed Anaconda Mining will increase the size of its nonbrokered private placement to raise $4.75-million. The company now plans to issue up to 7.52-million flow-through units at a price of $0.35 and up to 7.85-million units at $0.27 a share. 

Acacia reports 13% rise in gold reserves for Tanzania mine 

By: Reuters     5th July 2019 Acacia Mining on Friday reported a 13% rise in gold reserves at the end of May for its Gokona mine in North Mara, Tanzania, adding weight to its view that majority shareholder Barrick Gold's buyout proposal undervalued the miner. Acacia Mining last month strongly disagreed with the world's No. 2... 

Gold heads for the longest stretch of gains in eight years

By: Bloomberg     5th July 2019 Gold is headed for the longest stretch of weekly gains since 2011 as investors count down to the release of a highly-anticipated US jobs report that could provide clues on the Federal Reserve’s interest rate path. Bullion’s higher for the seventh week as investors bet on looser policy from the... 

Gold heads for the longest stretch of gains in eight years

Billionaire US coal baron Cline dies in helicopter crash

By: Bloomberg     5th July 2019 Christopher Cline, the billionaire coal tycoon best known for reviving Illinois’s mining industry and making a fortune doing it, died in a helicopter crash Thursday. Cline died in an accident off the coast of the Bahamas that also killed six other people, Brian Glasser, an attorney who... 

Strong fundamentals positioning miners to adapt to changing shareholder expectations

By: Simone Liedtke     5th July 2019 Despite the world’s top 40 miners consolidating their performance of the past several years, they are “not getting the credit for it”, according to consultancy PricewaterhouseCoopers’ (PwC’s) ‘Mine 2019: Resourcing the Future’ report, which provides key trends for the mining industry and PwC’s... 

Strong fundamentals positioning miners to adapt to changing shareholder expectations

ArcelorMittal removes 30 families from area close to dam in Brazil

By: Reuters     4th July 2019 The Brazilian unit of steel group ArcelorMittal moved 30 families from their houses near its Serra Azul mine in the town of Itatiaiuçu, Minas Gerais state, as a precautionary action after it ran a new risk evaluation of a dam close to the mine. The company said on Thursday that there was no... 

Top copper producer delays full restart of Chile smelter

By: Bloomberg     4th July 2019 Top copper producer Codelco is again delaying the return to normal operations at its Chuquicamata smelter. Some parts of the smelter are operating normally, including the flash oven and one acid plant, a Codelco official said in an email in reply to questions from Bloomberg. A second acid plant... 

Top copper producer delays full restart of Chile smelter

Solaris to earn in on Freeport’s Tamarugo property in Chile

By: Tasneem Bulbulia     4th July 2019 Solaris Copper’s subsidiary Solaris Copper Chile has entered into a definitive earn-in option agreement with Minera Freeport-McMoRan South America with respect to Freeport’s Tamarugo property in Chile. Tamarugo is a grassroots copper porphyry target comprising about 5 100 ha strategically located... 

South African enterprises slow to adopt AI – study

By: Tasneem Bulbulia     4th July 2019 The technologies making up the Fourth Industrial Revolution (4IR) have yet to be adopted enthusiastically by South African enterprises, a new research study, entitled ‘Fourth Industrial Revolution in South Africa 2019: Enterprise uptake and expectations for emerging technologies’, has found. The... 

Blyvoor Gold winning overwhelming support from employees, community 

By: Martin Creamer     4th July 2019 Emerging gold-mining company Blyvoor Gold, which is targeting a resumption of mining at the old Blyvooruitzicht gold mine in the last quarter of this year, is winning overwhelming support from the once liquidated mine’s former employees, as well as the members of the nearby mine community.... 

Blyvoor Gold winning overwhelming support from employees, community
Photo by Creamer Media's Dylan Slater
From left Blyvoor Gold deputy chairperson Richard Floyd, BEE of Blyvoor spokesperson Wels Sempe, Mining Weekly’s Martin Creamer, Blyvoor Gold CEO Alan Smith, Blyvoor Gold spokesperson Joseph Rammusa, Blyvoor Gold chairperson Peter Skeat and Community of Blyvoor spokesperson Johannes Tala.

AfriForum, TKAG win appeal to set aside petroleum exploration, production regulations

By: Simone Liedtke     4th July 2019 AfriForum and the Treasure the Karoo Action Group (TKAG) have succeeded in their appeal to have Mineral Resources and Energy Minister Gwede Mantashe, and Environment, Forestry and Fisheries Minister Barbara Creecy set aside the regulations on petroleum exploration and production. The regulations... 

Iron-ore 'disconnected from fundamentals' after huge rally

By: Bloomberg     4th July 2019 First, iron-ore hit $100 a ton, then it raced straight to $110, and now spot prices are well north of $120: the commodity’s rally has been so strong it’s triggering warnings that the gains have taken the market beyond fundamental drivers and prices are likely set for a pullback. Futures tanked.... 

Rio Tinto's Icelandic aluminium plant attracts Glencore, Trimet – sources

By: Reuters     4th July 2019 At least three companies including Glencore and Trimet Aluminium have expressed an interest in buying Rio Tinto's aluminium assets in Iceland, Sweden and the Netherlands for up to $350-million, banking sources said. Rio Tinto restarted the sale process for the assets in late 2018, with the help... 

New association for rare earths established

By: Simone Liedtke     4th July 2019 The global Rare Earth Industry Association (REIA) has been established. Launched with the support of European research and development funding agency EIT RawMaterials, the establishment of REIA comes at a time of trade friction between the US and China, which threatens to impact on the global... 

Bluebird nears permit grants for South Korean gold mines

By: Marleny Arnoldi     4th July 2019 London-listed Bluebird Merchant Ventures is eagerly awaiting the granting of permits from the South Korean government for the Gubong and Kochang gold projects. The company in mid-June published a prospectus which set out its expected timetables for the projects.  

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