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Mineral Sands News

Plea for govt to awaken to massive economic potential of mining  

By: Martin Creamer     10th October 2018 A plea for the government to awaken to the massive real potential of the South African mining sector was made on Wednesday by Eunomix CEO Claude Baissac, who decried the disincentivising of South African mining over the past 20 years as an inexplicable paradox and a massive mineral policy... 

Strandline signs another offtake agreement

By: Esmarie Iannucci     3rd October 2018 Mineral sands developer Strandline Resources has signed an offtake agreement with commodity trader Industrial Minerals and Metals (IMMCO) covering all the rutile to be produced at its Fungoni project, in Tanzania. The sale price for the rutile is based on the prevailing US-dollar market price... 

Uganda to join transparency programme as it seeks mining investors

By: Bloomberg     2nd October 2018 Uganda plans to join a program aimed at rooting out corruption in resource industries as the East African nation seeks to reassure potential investors that it isn’t involved in “conflict minerals.” The Cabinet has already endorsed the plan to join the Extractive Industries Transparency Initiative... 

Lynas calls for transparency in rumored Malaysia review

By: Esmarie Iannucci     2nd October 2018 Mineral sands miner Lynas has written an open letter to the Malaysian government calling for transparency and fairness in a potential review of the company’s plant. Local media reports in Malaysia have been speculating about a review of the Lynas refinery, with a long-time anti-Lynas campaigner... 

Western Australia mineral sands project now fully permitted

By: Creamer Media Reporter      28th September 2018 ASX-listed Sheffield Resources ended the week on a high note with the announcement that its Thunderbird mineral sands project, in Western Australia, is now fully permitted for development. The Australian government’s Department of the Environment and Energy has granted environmental approval for... 

Western Australia mineral sands project now fully permitted

Final Dundas PFS delayed to next year – Bluejay

By: Mariaan Webb     27th September 2018 London- and Frankfurt-listed Bluejay Mining has delayed the release of a prefeasibility study (PFS) for the significant Dundas ilmenite project, in Greenland, to the first quarter of next year, but chairperson Mike Hutchinson believes it will be worth the wait. The final Dundas PFS will be... 

Damage to West Coast beaches from mining can be kept to 'acceptable' levels, say consultants

By: News24Wire      26th September 2018 Consultants employed by Australian company Mineral Sands Resources (MSR) have acknowledged that the massive expansion of mining for mineral sands on 10 West Coast beaches north of the Olifants River estuary will cause unavoidable environmental damage, but claim that the damage can be reduced to... 

Savannah applies for new mining lease in Mozambique

By: Mariaan Webb     21st September 2018 London- and Frankfurt-listed Savannah Resources has lodged the last outstanding mining lease application for the Mutumba heavy mineral sands joint venture project with Rio Tinto, the company said on Friday, while also announcing its half-year results. The application has been submitted by... 

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Ramaphosa moves to revitalise mining, create certainty
President Cyril Ramaphosa

NAIF approves A$95m loan for Sheffield’s Thunderbird

By: Mariaan Webb     19th September 2018 The Northern Australia Infrastructure Facility (NAIF) is backing the Thunderbird mineral sands project, in the Kimberley region of Western Australia, through a A$95-million loan, ASX-listed Sheffield Resources announced on Wednesday. The NAIF loan comprises a A$30-million project development... 

Moz rail, port project stimulated by heavy mineral sands development

By: Rebecca Campbell     14th September 2018 The Mozambican daily newspaper “Notícias” has reported that the proposed Chongoene Logistics Corridor project, which would benefit the heavy mineral sands project at Chibuto in the country’s Gaza province, is now being investigated by a partnership that includes the China Railways International... 

Metallica and Melior merger creates diversified Qld mining firm

By: Mariaan Webb     13th September 2018 Brisbane-based resources firms Metallica Minerals and Melior Resources on Thursday announced a binding merger agreement, creating a diversified Queensland mining company with near-term production potential and a pipeline of future growth opportunities. The merger will combine mineral sands and... 

Metallica and Melior merger creates diversified Qld mining firm
The merged entity will own the near-production Goondicum project, in north Queensland.

Bluejay strengthens Dundas team with GM appointment

By: Creamer Media Reporter      5th September 2018 Danish geologist Dr Bo Stensgaard has joined Bluejay Mining to strengthen the existing team focusing on delivering the world’s highest-grade ilmenite project – Dundas, in Greenland. Stensgard has been appointed GM of Bluejay in a nonboard role, but will serve on the subsidiary boards as... 

Congo's biggest coltan miner resumes purchases after output halt

By: Bloomberg     5th September 2018 Societe Miniere de Bisunzu, the Democratic Republic of Congo’s biggest coltan miner, resumed purchases of the ore after a three-month shutdown at one of the country’s largest deposits. Output restarted at SMB’s mining permit, comprising seven sites at Rubaya in east Congo, on August 14 and the... 

India restricts private mineral sands exports

By: Ajoy K Das     31st August 2018 In a bid to stop illegal mineral sand exports from the country, the Indian government has decided to canalise all exports of such minerals through State-run Indian Rare Earths Limited (IREL), effectively banning all private mineral sand miners from making overseas shipments. Canalising exports... 

Strandline gets its licence in Tanzania

By: Esmarie Iannucci     31st August 2018 ASX-listed Strandline Resources has been awarded a mining license for its Fungoni heavy mineral sands project, in Tanzania. MD Luke Graham said on Friday that securing the mining license was a crucial step in the company’s strategy to build a significant, low-cost mineral sands business. 

Base hoping for Kwale-size operation at Toliara

By: Esmarie Iannucci     30th August 2018 Mineral sands producer Base Resources was hoping to develop its Toliara sands project, in Madagascar, into a similar size operation as its Kwale mineral sands project, in Kenya. “It has to be strategically relevant, and it won’t make sense to us if the operation is smaller than Kwale,” Base MD... 

Record revenue, strong profit growth for mineral sands miner Base

By: Esmarie Iannucci     27th August 2018 Mineral sands miner Base Resources has reported record revenue and net profit after tax for the 2018 financial year, on the back of increased prices and consistent sales volumes. ASX-listed Base on Monday said that revenue increased by 22% to $198.8-million and that net profit after tax was up... 

Higher mineral sands prices underpin Kenmare’s strong interim performance

By: Simone Liedtke     20th August 2018 LSE-listed Kenmare Resources achieved strong financial results for the six months to June 30, with the titanium and zircon producer having generated $48.4-million in operating cash flow through the shipment of 589 t at increased prices. The miner further recorded a 37% increase in revenue, as a... 

Higher mineral sands prices underpin Kenmare’s strong interim performance
Kenmare Resources MD Michael Carvill

Iluka's H1 earnings surge

By: Esmarie Iannucci     16th August 2018 Mineral sands miner Iluka has reported an 80% increase in the underlying group earnings before interest, tax, depreciation and amortization (EBITDA) for the half-year to June. Underlying EBITDA reached A$278.5-million in the interim period, compared with the A$154.6-million in the previous... 

Resources investor Ian Henderson joins Bluejay board

By: Creamer Media Reporter      15th August 2018 Aim- and FSE-listed Bluejay Mining has appointed well-known resource investor, Ian Henderson, as a nonexecutive director with immediate effect. The appointment is designed to promote Bluejay and its flagship Dundas ilmenite project, in Greenland, to the international mining investment industry,... 

Boonanarring on track and budget - Image

By: Esmarie Iannucci     14th August 2018 Commissioning and first production from the Boonanarring mineral sands project, in Western Australia, remained on track for the fourth quarter of this year, owner Image Resources said. The company on Tuesday said that construction of the opencut mine started in April, with the exposure of first... 

Sheffield ticks another Thunderbird box

By: Esmarie Iannucci     13th August 2018 The Thunderbird mineral sands project, in Western Australia, has been granted environmental approval from the state’s Environment Minister Stephen Dawson. Project owner Sheffield Resources said on Monday that following the completion of the state environmental approvals process, the final steps... 

Base increases Kwale production

By: Esmarie Iannucci     25th July 2018 Mineral sands miner Base Resources has reported increased ilmenite, rutile and zircon production from its Kwale project, in Kenya, following the successful ramp-up of mining operations post the commissioning of the Kwale Phase 2 (KP2) optimisation project. 

Kenmare Q2 production in line with expectations, reduces debt

By: Simone Liedtke     17th July 2018 LSE-listed mineral sands producer Kenmare Resources produced 377 900 t of heavy mineral concentrate (HMC) in the second quarter ended June 30, a 5% increase on the 359 200 t produced in the first quarter of the year, in line with expectations. Ilmenite production for the second quarter was 238... 

Rio says workers return at South Africa's Richards Bay Minerals

By: Bloomberg     16th July 2018 Rio Tinto’s Richards Bay Minerals in South Africa said workers are reporting for duty after violence and protests that started more than a week ago shut the operations. “Following a significant improvement in the security situation, employees are returning to work today and we will safely ramp up... 

Bluejay's Dundas may be attractive to Rio Tinto – analysts

By: Mariaan Webb     12th July 2018 The closure of Rio Tinto's South African subsidiary Richards Bay Minerals (RBM) as a result of violent protests this week, may play into the hand of London- and Frankfurt-listed Bluejay Mining, which is developing the Dundas ilmenite project, in Greenland. The project is said to be the... 

Bluejay's Dundas may be attractive to Rio Tinto – analysts
Bluejay Mining is developing the high-grade Dundas ilmenite project, in Greenland.

Eramet to replace MDL board after gaining major share

By: Esmarie Iannucci     11th July 2018 French firm Eramet has extended the takeover offer period for its joint venture (JV) partner Mineral Deposits (MDL) until July 24, flaunting a 63.87% interest in the ASX-listed company. The directors of MDL this week unanimously recommended the revised takeover offer from Eramet, after the... 

Rio Tinto says minerals sands operation in South Africa shut by protests

By: Reuters     11th July 2018 A mineral sands operation on the South African coast run by Rio Tinto has been closed since Friday due to violent community protests which saw a security guard killed earlier this week, the company and a union said on Wednesday. Community unrest is a common feature of South Africa's social... 

Rio Tinto says minerals sands operation in South Africa shut by protests

Sheffield opens Derby office

By: Esmarie Iannucci     5th July 2018 Mineral sands developer Sheffield Resources has officially opened a new office facility in Derby, Western Australia, which will play an important role in supporting the proposed Thunderbird project. “Thunderbird offers enormous opportunities, and we’ve pledged to the Kimberley community to... 

Boonanarring economics improve on higher prices

By: Esmarie Iannucci     28th June 2018 Higher zircon prices have enhanced the economics of the proposed Boonanarring and Altas mineral sands deposits, in Western Australia, owner Image Resources said on Thursday. The company reported that the higher mineral resources prices had pushed up the project’s pre-tax net present value from... 

Kenmare appoints new independent nonexec director

By: Marleny Arnoldi     26th June 2018 In line with LSE-listed Kenmare Resources’ aim of continually improving governance, it has appointed Clever Fonseca as an independent nonexecutive director, effective July 1.  

Sheffield finds buyer for Thunderbird ilmenite

By: Esmarie Iannucci     21st June 2018 Mineral sands developer Sheffield Resources has inked a maiden ilmenite offtake agreement for its Thunderbird project, in Western Australia. The company on Thursday told shareholders that the five-year agreement with Bengbu Zhongheng New Materials will see the company supply 150 000 t of... 

Minerals Council, water dept collaborate on water conservation, demand management project

By: Creamer Media Reporter      15th June 2018 The Department of Water and Sanitation (DWS) and the Minerals Council South Africa (MCSA) have reached a significant milestone in a collaborative exercise on water conservation and water demand management aimed at driving water savings and usage improvements in the mining industry. The... 

Minerals Council, water dept collaborate on water conservation, demand management project

Strandline reconsiders Coburn development

By: Esmarie Iannucci     14th June 2018 Mineral sands developer Strandline Resources will start a full definitive feasibility study (DFS) on its Coburn project, in Western Australia, after an upswing in mineral sands prices. The company said on Thursday that the new DFS was driven by positive results from an internal project review,... 

MDL rejects revised offer

By: Esmarie Iannucci     14th June 2018 Takeover target Mineral Deposits (MDL) have urged shareholders to reject the improved offer from joint venture (JV) partner Eramet, saying that it was still below the independent expert’s valuation. Eramet this week increased its offer for MDL from A$1.46 a share to A$1.75 a share, increasing... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins

By: Martin Creamer     12th June 2018 South Africa has succeeded in creating a meticulous set of mineral reporting codes that continue to gain international recognition. The South African Mineral Reporting Codes (Samcodes), which protect investors, are currently so highly regarded that in October South Africa will host a large... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins
Photo by Dylan Slater
Samcodes standards committee chairperson Matt Mullins (left) and Mining Weekly Online's Martin Creamer

Mineral Deposits investor says won't take Eramet bid as market eyes better offer

By: Reuters     8th June 2018 The second-largest investor in Australia's Mineral Deposits said it would not accept a takeover bid by Eramet SA, as Mineral Deposits' shares surged, signalling investors expect the French miner to make a higher offer. Eramet made an all-cash takeover bid for its joint venture partner in a mine... 

Mineral Deposits investor says won't take Eramet bid as market eyes better offer

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