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Pleasing Orion bankable points to fast project payback 

By: Martin Creamer     Updated 3 hours ago 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... 

Welding Alloys South Africa

21st June 2019 As a producer of primary products used across all sectors, mining is certainly the backbone of many economies worldwide. Extracting and refining minerals and metals from the depths of the earth are done in unforgiving conditions, in some of the most remote, harsh and arid places on the globe.... 

Real-time data playing bigger maintenance role

By: Tracy Hancock     21st June 2019 As the world gears up for the Fourth Industrial Revolution, African mines are embracing real-time information management systems to plug the gap left by the shortage of competent maintenance supervisors and mining equipment operators, Mining Equipment Manufacturers of South Africa CEO Ossie... 

Savannah now has full ownership of Portugal lithium project

By: Mariaan Webb     20th June 2019 Aim-listed Savannah Resources has full ownership of the Mina do Barroso project, following the $11.9-million buyout of minority shareholders in the Portugal lithium project. The remaining 25% interest was acquired from minority shareholders, including resource investment specialist Slipstream... 

S&P revises Sibanye’s outlook to negative owing to liquidity concerns 

By: Nadine James     14th June 2019 Ratings agency S&P Global has revised its outlook for JSE- and NYSE-listed Sibanye Gold to negative, over concern about the gold miner’s ability to absorb potential near-term liquidity events. The agency cites factors such as upcoming wage negotiations at its South African platinum operations,... 

Public comment sought on proposed Ontario mine

14th June 2019 The Canadian Environmental Assessment Agency has concluded that TSX-listed Treasury Metals’ proposed Goliath gold project, in north-western Ontario, is not likely to cause significant adverse environmental effects. The agency has published its draft environmental assessment report for a 30-day... 

Oil demand signals are flashing red as price dives toward $50

By: Bloomberg     12th June 2019 Oil demand is shriveling as the trade war between the US and China trips up the global economy. Estimates for March and April are pointing to year-on-year declines in regions that account for almost half of global oil demand, according to Morgan Stanley. Indicators including the profit from... 

US tariffs will send Mexico gold, silver abroad for processing

By: Bloomberg     10th June 2019 Donald Trump’s tariffs targeting Mexico risks backfiring on the US, at least in the global metals market. Miners of Mexican precious metals are unlikely to be hit significantly if Trump imposes levies on goods from its neighbour, which is the biggest source of US silver imports and its... 

Lithium mining superpowers seek riches as battery makers

By: Bloomberg     4th June 2019 The race by Tesla, Samsung SDI and other technology giants to secure supplies of lithium — a key ingredient in batteries for electric vehicles and smartphones — is creating a unique chance for two global mining superpowers to reap more value from their natural resources. Australia and Chile are... 

RNC puts forward plan for $1bn Quebec nickel/cobalt project

By: Mariaan Webb     31st May 2019 Mining company RNC and its joint venture partner Waterton are ready to accelerate discussions with potential participants to advance the Dumont nickel/cobalt project – tipped to be one of Canada’s largest base metals mines – to construction, CEO Mark Selby reported on Thursday. This comes as RNC... 

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