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Creamer Media Reporter

Former South African Reserve Bank governor joins Glencore board

7th December 2017 Diversified mining group Glencore has appointed the former governor of South Africa’s Reserve Bank, Gill Marcus, to its board as a nonexecutive director. Announcing the appointment on Thursday, chairperson Tony Hayward said that Marcus would be an asset to the Glencore board. 

Gascoyne executes A$60m debt facility for Dalgaranga project

7th December 2017 The Commonwealth Bank of Australia and the National Australia Bank will provide A$60-million in debt to Gascoyne Resources to advance the 100 000-oz/y Dalgaranga gold mine in the Murchison province of Western Australia. The debt facility represented a “strong vote of confidence” in the project,... 

Sasol Mining’s acquisition of Anglo Inyosi Coal’s mining rights approved

6th December 2017 Sasol Mining has been granted approval by the Competition Tribunal to acquire with Anglo American Inyosi Coal’s mining rights over a coal resource in Mpumalanga. The approval was given to Sasol Mining Holdings and Ixia Coal, its black economic empowerment partner. 

European Lithium announces capital raising

6th December 2017 The developer of the Wolfsberg project in Austria, European Lithium, on Wednesday announced that it would place shares to raise up to $4-million, with an option to raise an additional $1-million. The company would undertake the placement at an issue price of $0.225 a share, which represented a... 

Record monthly output at Tembang

5th December 2017 ASX-listed Sumatra Copper and Gold on Tuesday reported record monthly production from its Tembang gold/silver operation in Sumatra, Indonesia. Gold production for the month of November totalled 3 650 oz gold equivalent and is forecast to increase to 4 0000 oz gold equivalent in December. In 2018,... 

44 projects selected in latest round of WA’s exploration programme

5th December 2017 Western Australian Mines and Petroleum Minister Bill Johnston on Tuesday announced the 44 successful projects that would benefit from the state government's Exploration Incentive Scheme (EIS) cofounded drilling programme. The successful Round 16 applicants include lithium, gold, copper, base... 

Newcrest agrees lower power tariff for Cadia, eyes renewable supply as long-term solution

5th December 2017 Gold miner Newcrest has negotiated a lower electricity tariff for its Cadia operation, in New South Wales, which will assist in bringing down the New South Wales-based mine’s all-in sustaining costs to the lower-end of its $255-million to $295-million guidance range for the 2018 financial year.... 

Galileo starts 1 750 m drilling programme at Zambia zinc project

4th December 2017 As part of plans to fast-track exploration at its 51%-owned Star Zinc project, in Zambia, Aim-listed Galileo Resources will this week embark on a 1 750 m drilling programme. The programme is aimed at both resource confirmation and resource expansion. 

Fortescue appeals Aboriginal land rights case

4th December 2017 Iron-ore miner Fortescue Metals has lodged an appeal against a Federal Court ruling in favour of an indigenous Aboriginal group’s claims over land that it uses to mine in the Pilbara. Fortescue CEO Nev Power said on Monday that the group welcomed the recognition of the Yindjibarndi native title,... 

Queensland’s DMRM slaps Rockland with suspension directive

1st December 2017 Queensland copper producer CuDeco has temporarily suspended processing plant operations at its Rocklands copper mine, after an investigation by the Department of Mineral Resources and Mines (DNRM) on Thursday identified a number of safety issues. The suspension would remain in place pending... 

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