R/€ = 16.16 Change: -0.05
R/$ = 14.53 Change: -0.09
Au 1275.72 $/oz Change: 3.57
Pt 878.83 $/oz Change: -12.04


Nickel pig iron market contributes to Indonesian nickel mining growth

By: Cameron Mackay     19th April 2019 The growth of the nickel pig iron (NPI) market in Indonesia has led to the rapid increase of nickel mining operations in the country, says international metals and minerals consultancy Roskill senior analyst Olivier Masson. Nickel pig iron, a low-grade ferronickel, was created in China as a... 

Wetar's new owners make a change

By: Esmarie Iannucci     17th April 2019 The Wetar copper project, in Indonesia, is expected to reach its targeted production rate of 25 000 t/y by the second half of this year, after a $24-million cash injection from new owner Eastern Field Development (EFDL). EFDL in October 2017 launched a takeover bid for project owner Finders... 

Gold output to reach record high this year – report 

By: Nadine James     16th April 2019 Gold production increased for the tenth consecutive year in 2018 to 107.3-million ounces and is expected to reach a new record high of 109.6-million ounces this year, S&P Global Market Intelligence research analyst Christopher Galbraith said on Tuesday.   He noted that while the year-on-year... 

Platinum Group Metals Ltd. Announces Appointment of Former Vale Executive Stuart Harshaw to Company’s Board of Directors

16th April 2019 Platinum Group Metals Ltd.announced today that Mr. Stuart Harshaw, P.Eng., MBA, has been appointed to the Company’s board of directors, bringing the number of directors to seven.  Mr. Harshaw was the Vice President, Ontario Operations, for Vale Canada Limited (“Vale”) until 2017 where he was an... 

PTM appoints former Vale exec to its board

By: Creamer Media Reporter      16th April 2019 TSX- and NYSE American-listed Platinum Group Metals (PTM) has appointed Stuart Harshaw to its board of directors. Harshaw was the VP of Vale Canada's Ontario operations until 2017. He also previously held mining board positions for Vale in Indonesia, Korea and Barbados.  

Rock engineering consultancy expanding service offering

By: Jessica Oosthuizen     12th April 2019 Outsourced rock engineering and seismic monitoring services provider Open House Management Solutions (OHMS) is continuously considering opportunities to expand its service offering to the minerals industry and develop in new, but related services, says OHMS MD Koos Bosman. OHMS has been in... 

Sumatra calls in administrators

By: Esmarie Iannucci     11th April 2019 ASX-listed Sumatra Copper & Gold on Thursday told shareholders that it would voluntarily appoint administrators after failing to raise funding to restructure its debt. Sumatra subsidiary PT Dwinad Nusa Sejahtera, which operated the Tembang project in Indonesia, has been in discussions with its... 

From turbines to thermostats: Copper miners eye high-tech demand

By: Reuters     11th April 2019 Growing demand for smart thermostats, wind turbines and other high-tech devices is expected to keep copper the dominant material used in electrical components, industry players said, offsetting rising use of aluminum, a cheaper alternative to conduct electricity. That bodes well for the likes of... 

Freeport plans no dividend hikes, M&A for 2 years to focus on Grasberg - CEO

By: Reuters     9th April 2019 Freeport-McMoRan plans no dividend raises, acquisitions or debt buybacks over the next two years as it focuses on expanding Indonesia's Grasberg copper and gold mine underground, its chief executive said in an interview on Tuesday. "For two years, we're going to be focused on this transition,"... 

Ivanhoe reaffirms its support for the DRC

By: Mariaan Webb     9th April 2019 TSX-listed mining company Ivanhoe Mines is committed to the responsible development of the mining industry in the Democratic Republic of Congo (DRC) and will work with the newly elected government to introduce the country to investors from around the world. This is according to co-chairperson... 

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