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Acacia says ‘strongly disagrees’ with Barrick’s takeover proposal 

By: Simone Liedtke     24th June 2019 LSE-listed Acacia Mining says it “strongly disagrees” with a number of matters set out in a recent announcement by parent company Barrick Gold, adding that the announcement “appears to have ignored the value of [Acacia’s] portfolio of exploration and development assets, and the strategic value of... 

ONGC to outsource discovered small oil, gas fields while retaining ownership

By: Ajoy K Das     24th June 2019 In a bid to circumvent government plans to take away its discovered small fields (DSFs), national oil and natural gas exploration and production (E&P) major ONGC has decided to auction such assets under production enhancement contracts, while retaining ownership with itself. Company sources said... 

Bushveld reports 1.58% vanadium grade for Brits project

By: Marleny Arnoldi     21st June 2019 Aim-listed Bushveld Minerals on Friday announced the maiden mineral resource estimate for its Brits vanadium project, in South Africa’s North West province. Bushveld reported a 66.8-million-tonne aggregate inferred and indicated mineral resource across three seams at the project, grading at an... 

Importance of supplier engagement emphasised

By: Tracy Hancock     21st June 2019 Surface mining association Aspasa is encouraging suppliers, service providers and contractors, such as those in the materials handling and logistics sector, to become associate members of the association to meet the industry’s future challenges. Aspasa director Nico Pienaar stresses that this... 

Tailgates a solution for haulage product loss

By: Halima Frost     21st June 2019 Since receiving an Autogate tailgate manufactured by specialised tailgate manufacturer Philippi-Hagenbuch (PHIL), aggregate business Caldwell Stone Company has reported an increase in productivity at its quarrying site. An upturn of between 12% and 15% in volumetric capacity on its haul truck has... 

Athabasca Minerals signs agreement with First Nation

By: Tasneem Bulbulia     19th June 2019 Canadian mineral explorer Athabasca Minerals Inc (AMI) has signed a ten-year aggregates management agreement with the Montana First Nation (MFN) for the processing and sale of aggregates from MFN’s 185 acre Colchester property located near Ponoka, Alberta. The scope of the agreement includes... 

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... 

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... 

Indian mining sector hit by dissension over expiring mining leases

By: Ajoy K Das     10th June 2019 With the expiry of mining leases (MLs) for 354 mines across India fast approaching and delayed fresh auctions looming large, sharp differences have surfaced among various stakeholders in the sector. The narrative until now among a section of stakeholders has been of an impending shortage of... 

Gwalia faces production delays

By: Esmarie Iannucci     31st May 2019 Gold miner St Barbara has revised its production guidance at the Gwalia operation, in Western Australia, following mining delays. St Barbra was now expecting gold production from Gwalia to reach some 220 000 t in the 2019 financial year, compared with the previous guidance of between 235 000 oz... 

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