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Mining News

South Africa’s mining production increases 0.5% y/y – Stats SA

By: Tasneem Bulbulia     Updated 18 minutes ago Mining production lifted marginally, by 0.5% year-on-year, in October, primarily on the back of strong growth in platinum group metals (PGMs), diamonds and manganese ore output, according to Statistics South Africa (Stats SA). Production of PGMs, which occupy the second-highest weighting in the... 

Steenkampskraal to progress BFS following court case conclusion

By: Marleny Arnoldi     Updated 1 hour 53 minutes ago Steenkampskraal Holdings (SHL) will now proceed with a bankable feasibility study (BFS) at its Steenkampskraal rare earths mine, in the Western Cape, following the conclusion of a court case between SHL and contractor ERES Engineering Projects. The High Court last week rescinded the contracts... 

Zambia Chamber of Mines welcomes new president

By: Simone Liedtke     Updated 1 hour 53 minutes ago The Zambia Chamber of Mines has appointed Goodwell Mateyo as its new president. He succeeds Nathan Chishimba, who is retiring after two consecutive terms. Seasoned industry veteran Nicolas Bowen will serve as VP. 

New Mining Indaba competition draws attention to young talent in mining

By: Marleny Arnoldi     Updated 3 hours ago Mining Indaba, which will be held at the Cape Town International Convention Centre from February 4 to 7, will introduce a new feature for 2019 – the Leaders of Tomorrow competition. The competition is part of the event’s young leaders programme, which is being produced in partnership with... 

Newcrest moves on two Chile gold projects

By: Mariaan Webb     Updated 4 hours ago Australia-based gold major Newcrest Mining has expressed an interest in farming into the Gorbea projects, in Chile, which fellow major Yamana Gold previously explored in a joint venture with Mirasol Mining. Newcrest, which is already participating in other JVs with Mirasol, has signed a heads of... 

Harmony, Newcrest sign Wafi-Golpu gold mining project MoU with PNG govt

By: Tasneem Bulbulia     Updated 5 hours ago Harmony Gold and its Wafi-Golpu Joint Venture (WGJV) partner Newcrest Mining on Tuesday signed a memorandum of understanding (MoU) with the Independent State of Papua New Guinea, as an affirmation of the parties’ intent to proceed with the Wafi- Golpu gold mining project in Papua New Guinea. 

Kibo again extends development agreement deadline with Sepco III

By: Tasneem Bulbulia     Updated 5 hours ago Dual-listed Kibo Energy’s board has elected to extend the deadline for the final confirmation of the strategic development agreement (SDA) with Sepco III for the Mbeya coal-to-power project (MCPP), in Tanzania, for a further four months to March 30, 2019. It has been agreed that this is a period... 

MC secures mining right for Chapudi project

By: Tasneem Bulbulia     Updated 5 hours ago South Africa’s Department of Mineral Resources (DMR) has granted MC Mining a mining right for its 74%-owned Chapudi coking and thermal coal project, in the Limpopo province. The Chapudi project, together with the Mopane and Generaal projects, comprise the company’s longer-term Greater... 

MC secures mining right for Chapudi project
Photo by Creamer Media
MC Mining CEO David Brown

Capstone to debottleneck Cozamin

By: Mariaan Webb     Updated 5 hours ago The Cozamin mine, the foundation upon which Canadian base metals miner Capstone Mining has been built, is set for a 30% production increase by the end of 2020, at an investment of less than $5-million. Production is currently constrained by the mine’s ability to deliver ore to the surface, but... 

Rio Tinto partner says yet to make big copper find at Western Australia site

By: Reuters     Updated 6 hours ago Exploration by Rio Tinto at one of its sites in a part of Western Australia that has been touted as potentially rich in copper has so far failed to find any economically viable veins of ore, the miner's partner in the project said on Tuesday. Antipa Minerals lodged a series of exploration... 

Oil Search secures $300m in revolving credit

By: Esmarie Iannucci     Updated 6 hours ago ASX-listed Oil Search has established $300-million corporate bilateral revolving credit facilities, providing the company with more financial flexibility. The company has entered into three separate $100-million bilateral revolving credit facilities with three major banks, Commonwealth Bank of... 

Alacer gains nearly 300 000 oz from Ardich

By: Esmarie Iannucci     Updated 6 hours ago Gold miner Alacer Gold has reported a maiden mineral resource of 294 000 oz of gold at an average grade of 1.32 g/t gold for its Ardich oxide gold deposit, some 6km from its Çöpler gold mine. The project also hosts an inferred mineral resource of 85 000 oz, at an average grade of 1.2 g/t gold. 

Thalanga output set to rise - Red River

By: Esmarie Iannucci     Updated 6 hours ago Ore production from the Far West underground mine, at the Thalanga zinc project, in Queensland, is expected to start in the first quarter of 2019. Owner Red River Resources on Tuesday reported that ore from the Far West underground would augment the West 45 ore, and would increase production at... 

Paringa appoints US-based CEO

By: Esmarie Iannucci     Updated 6 hours ago Coal developer Paringa Resources has appointed Egan J Antill as CEO and MD, effective from December 12. Antill studied engineering at the University of Queensland and has worked for Mount Isa Mines and Caterpillar of Australia. He completed an MBA at Yale and spent 20 years in investment banking... 

Qld extends backing for Ravenswood expansion

By: Esmarie Iannucci     Updated 6 hours ago The Queensland government has extended the Prescribed Project status of ASX-listed Resolute Mining’s Ravenswood expansion project until the end of November 2020. The Prescribed Project declaration is designed to facilitate the approvals process for projects deemed to be of particular economic... 

Australia aims to grab ‘once-in-a-generation’ lithium-ion battery opportunity

By: Esmarie Iannucci     Updated 6 hours ago The Association of Mining and Exploration Companies (AMEC) has welcomed a new report by federal Trade, Tourism and Investment Minister Simon Birmingham, on the lithium-ion battery value chain. “Lithium-ion battery technology has enabled the mobile device revolution and is driving innovation and... 

Australia aims to grab ‘once-in-a-generation’ lithium-ion battery opportunity

Aussie gold juniors announce merger

By: Esmarie Iannucci     Updated 6 hours ago ASX-listed juniors Intermin Resources and MacPhersons Resources have struck a merger agreement to create a gold company holding some 1.15-million ounces of gold. Under the terms of a scheme of arrangement, one Intermin share will be issued for every 1.8227 MacPhersons shares held, valuing the... 

Lydian turns to court to lift environmental order

By: Creamer Media Reporter      Updated 7 hours ago The Administrative Court of Armenia has accepted Lydian International’s lawsuit appealing a directive by the head of the Environmental and Mining Inspection Body, which ordered a stop to mining-related activities at the Amulsar project, owing to sightings of newly-found red-listed plants and... 

Lydian turns to court to lift environmental order
The Amulsar site, in Armenia.

PDAC appoints new executive director

By: Creamer Media Reporter      11th December 2018 The Prospectors and Developers Association of Canada’s (PDAC's) board has hired Lisa McDonald, who served as its COO for ten years, as its new executive director. Over the past year, she has acted as executive director on an interim basis. 

Yet another invasion at Aura's Honduras mine

By: Mariaan Webb     11th December 2018 Midtier gold and copper miner Aura Minerals has suspended mining operations at its San Andres mine, in Honduras, following another illegal invasion by a number of individuals. The illegal occupation follows a similar event earlier this year, which in July led to the company laying off 44... 

Five positions eliminated in New Gold management shakeup

By: Mariaan Webb     11th December 2018 Canada-focused New Gold eliminated five senior management positions in a reorganisation aimed at better aligning its corporate structure with a smaller asset base, following the divestment of the Mesquite and Peak mine earlier this year. The restructuring eliminated the positions of VP,... 

Detour delays shareholders meeting as initial results show Paulson controls board

By: Mariaan Webb     10th December 2018 Detour Gold – the operator of Canada’s largest gold mine – has postponed its planned special shareholders meeting by two days, after initial results suggest that a bloc of shareholders has sided with Paulson & Co and that the US hedge fund manager will take control of the board. The special... 

Detour delays shareholders meeting as initial results show Paulson controls board
Detour board member Jim Gowans

IronRidge starts aggressive lithium exploration regime in Ghana

By: Marleny Arnoldi     10th December 2018 Aim-listed IronRidge Resources has started a 3 000 m reverse circulation (RC) exploration drilling programme at the Abonko target, at the Ewoyaa lithium project, in Ghana. A 1 000 m diamond drilling programme is planned on completion of the RC drilling programme, for density, metallurgical... 

MOD anticipates promising copper mineralisation from T23 Dome in Botswana

By: Marleny Arnoldi     10th December 2018 ASX-listed MOD Resources has announced additional results from widely spaced drilling at the T23 Dome, of the company’s exploration joint venture project with Aim-listed Metal Tiger, in Botswana. The third drill hole at T23 has intersected zones of visible, finely disseminated copper sulphides... 

Kibo secures exclusive option to buy three peaking power sites in the UK

By: Tasneem Bulbulia     10th December 2018 Kibo Energy’s 60%-owned UK subsidiary, MAST Energy Developments (MED), has secured an exclusive option, for a nominal fee, to undertake due diligence and negotiate the potential acquisition of three peaking power sites, totalling 31.3 MW, in the UK. 

La Parrilla crusher plant achieves mechanical completion

By: Creamer Media Reporter      10th December 2018 The La Parrilla crusher plant has achieved mechanical completion, paving the way for the commissioning of mined ore from the Spain-based tungsten/tin mine in January. The 350 t/h crushing circuit, supplied by Metso Minerals Portugal, comprises a jaw crusher and secondary cone crusher both with... 

Youth-owned SMMEs receive grants through De Beers, NYDA

By: Tasneem Bulbulia     10th December 2018 Four local Blouberg youth-owned small, medium-sized and microenterprises (SMMEs) have received grants of up to R50 000 from the National Youth Development Agency (NYDA) through the intervention and support from De Beers’ Venetia Mine. Thabosilakhu Empire, Betty Catering and Deco, Roadhouse Mollax... 

Youth-owned SMMEs receive grants through De Beers, NYDA
Roadhouse Mollaz Enterprise owner Moloko Manaka

Côte d'Ivoire aims to double gold output by 2025

By: Reuters     10th December 2018 Côte d'Ivoire plans to double gold production by 2025, its vice president said on Monday, as the west African country strives to revive its long-neglected mining sector. Côte d'Ivoire, the world's top cocoa producer, is seeking to diversify revenues by increasing gold output from 25 t last year... 

Jubilee acquires chrome processing operation

By: Tasneem Bulbulia     10th December 2018 Dual-listed Jubilee Metals has entered into an agreement to acquire all of the chrome beneficiation assets including plant, equipment, intellectual property and all rights to the existing surface material – estimated to be in excess of 1.8-million tonnes – owned by PlatCro Minerals and associated... 

Gecamines increases stake in Boss Mining joint venture to 49% 

By: Reuters     10th December 2018 The Democratic Republic of Congo's State mining company Gecamines said on Monday it would increase its stake in its Boss Mining joint venture with ENRC Africa Holdings to 49% after the two companies renegotiated terms. The state miner is moving to increase its take from joint ventures with... 

Europa to progress Toral to full feasibility study

10th December 2018 Explorer Europa Metals is progressing its Toral project to full a full feasibility study to determine the economics, technical and environmental parameters for an underground mining operation in the Castilla y León region of Spain. This follows the outcomes of a positive scoping study, which... 

Europa to progress Toral to full feasibility study

Significant drill targets identified at Kavango’s Botswana project

By: Tasneem Bulbulia     10th December 2018 Kavango Resources has recorded positive results from geophysical follow-up work carried out since the completion of Phase 1 of the airborne electromagnetic (AEM) survey over its Kalahari Suture Zone (KSZ) project, in Botswana. The company noted in a statement issued on Monday that ground-based... 

India’s new EV promotion policy focus shifts to component manufacturing

By: Ajoy K Das     10th December 2018 The second stage of the Indian government’s policy for faster adoption of electric vehicles (EVs) will see a shift from offering financial incentives for purchasing EVs, to developing domestic lithium-ion battery manufacturing capacities and vehicle charging infrastructure across the country. 

Sun Metals to raise C$5.16m for Stardust project

10th December 2018 TSX-V-listed Sun Metals has entered into an agreement with PearTree Securities to raise up to C$5.16-million to fund exploration at its Stardust project, in British Columbia. PearTree, as agent for purchasers, has agreed to subscribe for up to 12.5-million flow-through common shares in Sun Metal... 

South32 inks US copper alliance with EMX

By: Mariaan Webb     10th December 2018 Diversified miner South32 has entered into regional strategic alliance agreement with a subsidiary of EMX Royalty, focusing on finding copper and other base metals projects in Arizona, New Mexico and Utah. The agreement provides funding for generative work and acquisitions over a two-year... 

GFG Alliance to build 10mt/y steel plant in South Australia

By: Reuters     10th December 2018 GFG Alliance said on Monday it would build a 10-million tonne-per-year (tpy) steel plant in the state of South Australia that would likely be funded in part by government subsidies. The new mill, relying on infrastructure from a bankrupt plant in the town of Whyalla, will focus on the production... 

Tesla lithium supplier Kidman settles ownership row over Australian mine

By: Reuters     10th December 2018 Kidman Resources, a supplier of lithium to US electric car maker Tesla said on Monday it had settled a court dispute that could have derailed joint development of a mine in Western Australian with Chile's SQM. In a statement announcing the settlement, Kidman did not specify terms. Court... 

Tesla lithium supplier Kidman settles ownership row over Australian mine
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