R/€ = 16.15 Change: -0.05
R/$ = 14.51 Change: -0.08
Au 1276.71 $/oz Change: 4.56
Pt 880.92 $/oz Change: -9.95


Gold Fields says will reach two-million-ounce production mark this year

By: Marleny Arnoldi     Updated 2 hours 35 minutes ago JSE-listed Gold Fields expects to reach its two-million-ounce milestone for the first time this year, as its Damang project, in Ghana, increases production, as the Gruyere project, in Australia, enters production and the Asanko joint venture, in Ghana, contributes for the full year. CEO Nick... 

Teck starts 'quiet dialogue' on selling some copper projects

By: Bloomberg     24th April 2019 Teck Resources, focusing on its massive expansion of the Quebrada Blanca mine in Chile, expects to sell some or all of its stakes in two smaller Latin American copper projects by next year, CEO Don Lindsay says. The Zafranal and San Nicolas projects could be sold by early 2020, Lindsay said... 

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... 

Chinese miner MMG says Peru's mine supplies restored, concentrate transport recommenced

By: Reuters     15th April 2019 Chinese miner MMG Ltd said on Monday that Las Bambas mine in Peru has progressively restored critical supplies and increased staffing levels over last week after indigenous communities ended a more than two-month blockade of a key highway. Concentrate transport to Matarani Port recommenced on... 

Strike ends at Sierra Metals’ Yauricocha mine

By: Creamer Media Reporter      15th April 2019 A near-month-long labour strike over contractor changes at the Yauricocha mine, in Peru, ended at the weekend. Canada-based mining company Sierra Metals has said that an agreement was reached whereby no contractors dismissed as part of the contractor change will be reinstated, which was the... 

Copper industry to see more disruptions in 2019 – Antofagasta CEO

By: Reuters     12th April 2019 The global copper industry will be rocked by more disruptions this year than in 2018, contributing to a supply deficit as demand for the red metal continues to grow, the top executive of Chilean miner Antofagasta told Reuters. Antofagasta CEO Ivan Arriagada said labour strife, extreme weather... 

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... 

Revitalising its copper mines may not be sufficient to keep Chile at the fore

By: Reuters     11th April 2019 Codelco and other copper mining giants are set to plow billions of dollars into the revitalisation of Chile's mines, but that may not be enough to keep the country from losing ground to competitors elsewhere in the world. Demand for copper is widely expected to take off by the mid-2020s amid a... 

Codelco 'perfectly well' financed for next two years - chairman

By: Reuters     11th April 2019 Chile's Codelco, the world's biggest copper producer, is "perfectly well financed" for the next two years as it pushes forward with its largest-ever drive to revitalize its aging mines, chairperson Juan Benavides said on Wednesday. State-owned Codelco, which produces nearly one-tenth of the... 

Trevali appoints Vale COO Grimbeek its new CEO

By: Creamer Media Reporter      9th April 2019 Base metals miner Trevali Mining has named mining engineer Ricus Grimbeek its president and CEO to take over from Mark Cruise on April 23. Grimbreek, who holds a degree from South Africa’s University of Pretoria, is a mining executive with nearly three decades of experience in the resources... 

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