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Century expansion options outlined

By: Esmarie Iannucci     Updated 3 hours ago An expansion study at the Century zinc mine, in Queensland, has highlighted the potential for a mine life extension through to mid-2026, ASX-listed New Century Resources has reported. New Century is currently undertaking a tailings operation at the mine, which started in August last year, and is... 

MOD backs improved A$167m offer from Sandfire

By: Esmarie Iannucci     Updated 3 hours ago Copper miner Sandfire Resources has made an improved A$167-million takeover offer for Africa-focused copper developer MOD Resources. Under the offer agreement, each MOD shareholder could elect to receive either 45c in cash for each of their shares, capped at A$41.6-million or 25% of the overall... 

Strike at top copper miner seen wiping 10 000 t from market

By: Bloomberg     Updated 4 hours ago A strike at a major copper mine in the world’s largest producer of the metal risks wiping out 10 000 metric tons from a market that’s already expected to end the year in deficit, according to an industry consultant. The stoppage at the Chuquicamata mine in northern Chile could cost No. 1 global... 

Omnia posts full-year loss on mix of negative drivers

By: Reuters     Updated 4 hours ago Omnia Holdings, a South African chemicals and fertiliser maker, reported a full-year loss on Tuesday as a volatile currency, droughts, changes in the mining industry and difficult global trading conditions dented its business. The company, which also produces explosives, posted a headline loss... 

Ivanhoe progresses with road to airport from Kamoa project

By: Marleny Arnoldi     24th June 2019 Canada-headquartered Ivanhoe Mines says construction of the highway linking its Kamoa-Kakula copper project to the Kolwezi airport, in the Democratic Republic of Congo (DRC), is progressing rapidly with the onset of the country’s dry season. The 34-km-long east–west road is about 25% complete... 

Pleasing Orion bankable points to fast project payback 

By: Martin Creamer     24th June 2019 Zinc and copper exploration and development company Orion Minerals pleasantly surprised the market on Monday when it announced a bankable feasibility study (BFS) that paves the way for financing, concentrate offtake and mine construction of the Prieska project in the Northern Cape. The BFS... 

Kibo mulls renewables cogeneration opportunities 

By: Simone Liedtke     24th June 2019 In line with its strategy of incorporating long-term renewable energy solutions into its existing coal power projects, Africa-focused Kibo Energy has signed a collaboration agreement with ESS Tech to develop suitable baseload electricity storage solutions. Having recognised the increasing need to... 

Eramet needs €1bn Gabon expansion, Argentina lithium mine

By: Mariaan Webb     24th June 2019 French multinational mining and metals firm Eramet is searching for more than €1-billion in financing to fund an expansion of its manganese mine in Gabon, and to build a new lithium mine in Argentina. The company plans to raise its manganese ore production capacity from 4.3-million tons a year... 

Indian power producers want more coal on rail to lower costs

By: Ajoy K Das     24th June 2019 Indian private thermal power companies are seeking to shift more coal from roads to State-run Indian Railways (IR) to bring down logistical costs. Private thermal power utilities reckon that higher dispatches of coal by State miner Coal India Limited (CIL) through IR will reduce the cost of... 

Paladin sells idled Malawi mine to Hylea

By: Esmarie Iannucci     24th June 2019 Uranium miner Paladin Energy has struck a deal with ASX-listed Hylea Metals to divest of its shareholding in the Kayelekera mine, in Malawi, for A$5-million. Paladin owns 65% of the Kayelekera project, joint venture partner Chichewa holds a 20% interest and the Malawi government a 15% stake. 

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