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Mining News

Exploration delivering results for Kodal at Mali prospect

By: Nadine James     21st June 2018 Aim-listed exploration company Kodal Minerals has discovered high-grade mineralisation intersections following the drilling of an additional 19 drill holes during follow-up and extension drilling at the Sogola-Baoule prospect, in Mali. The intersections had minimum 5 m width, and results were... 

Zambia aiming for power prices that reflect costs by end 2018

By: Reuters     21st June 2018 Zambia plans to introduce electricity tariffs that reflect the cost of production by the end of this year, a senior government official said on Thursday, a move that could increase costs for economically vital mining firms that currently pay a flat price. In 2015 and 2016, Zambia experienced a... 

Petropavlovsk's biggest shareholder outlines his case for change

By: Reuters     21st June 2018 Russian miner Petropavlovsk's largest shareholder, who is calling for an overhaul of the board, has written to fellow shareholders, setting out plans to sell the company's stake in an iron ore unit and to draw up deal targets in the gold sector. The company holds its annual general meeting in... 

Erris starts brownfield exploration near historic Ireland mine

By: Mariaan Webb     21st June 2018 Mineral exploration company Erris Resources has started a surface diamond drilling programme 300 m south of the old Abbeytown zinc mine in Sligo, Ireland. The surface drilling will test for potential extensions of zinc/lead/silver/copper mineralisation extending south from the old workings at... 

More than 20 Philippine mines pass govt review, 4 fail -official

By: Reuters     21st June 2018 Twenty-three of 27 Philippine mines assessed by a government panel for compliance with state regulations, including environmental laws, have passed the review, an official said on Thursday. Confirming an earlier Reuters report, the Mining Industry Coordinating Council found that four mines did... 

Kalium Lakes finds SOP takers

By: Esmarie Swanepoel     21st June 2018 PERTH (miningweekly.com) – ASX-listed Kalium Lakes has executed an offtake term sheet with German fertilizer producer K+S for all of the Stage 1 sulphate of potash (SOP) production from the Beyondie project, in Western Australia. Kalium MD Brett Hazelden said that the term sheet brought the... 

Matador raises funds for Cape Ray buy

By: Esmarie Swanepoel     21st June 2018 Junior Matador Mining has completed a A$5-million capital raise to complete the acquisition of the Cape Ray gold project, in Canada. Matador in April acquired the project from TSX-V listed Benton for a total cash consideration of A$3.5-million and eight-million fully paid ordinary shares, as... 

Rio-Carb commissions academic research into the future of South Africa’s mining sector

By: Nadine James     21st June 2018 Chromium carbide (CrC) wear solutions provider Rio-Carb MD Martin Maine has identified a gap in the mining sector in the form of a lack of local beneficiation in the second-tier supply chain in the South African mining industry, and has commissioned academic research to establish how the country... 

Rio-Carb commissions academic research into the future of South Africa’s mining sector
Rio-Carb MD Martin Maine

Marindi makes plans to sell Pilbara conglomerate gold project

By: Esmarie Swanepoel     21st June 2018 ASX-listed Marindi Metals has signed a letter of intent (LoI) to divest of its Bellary Dome conglomerate gold project, in the Pilbara, to TSX-V-listed Pacton Gold. Under the LoI, the two companies have agreed to a ten-day exclusivity period in which time the Canadian company would complete a... 

Gabanintha to cost A$380m

By: Esmarie Swanepoel     21st June 2018 A prefeasibility study (PFS) into the Gabanintha vanadium project, in Western Australia, has estimated that the project could deliver some 13 000 t/y of vanadium pentoxide. ASX-listed Technology Metals Australia on Thursday told shareholders that the project was expected to run for a period of 13... 

Isaac Plains East set for July start

By: Esmarie Swanepoel     21st June 2018 The Isaac Plains East coal mine, in Queensland, is expected to start production in July this year. Coal miner Stanmore Coal has awarded project house NRW Holdings subsidiary Golding Contractors a A$93-million contract to start production at Isaac Plains East, with the scope of the contract... 

Pilgangoora produces first lithium fines concentrates

By: Esmarie Swanepoel     21st June 2018 ASX-listed Pilbara Minerals has produced its first concentrates at the Pilgangoora lithium/tantalum project, in Western Australia. MD Ken Brinsden said on Thursday that the production of initial fines concentrates was a significant and exciting milestone, coming just a week after the... 

Takeover panel clears way for M&R to move on Aveng tie-up amid ongoing ATON opposition

By: Terence Creamer     21st June 2018 Murray & Roberts (M&R) announced on Thursday that it would proceed to further develop a potential tie-up with Aveng after the Takeover Regulation Panel (TRP) sanctioned the outcome of an earlier shareholder vote, which approved a resolution stating that the proposed Aveng deal was not designed to... 

Takeover panel clears way for M&R to move on Aveng tie-up amid ongoing ATON opposition

Sumitomo buys 5% stake in Newmont-Buenaventura gold mine

By: Reuters     21st June 2018 Japanese trading house Sumitomo Corp on Thursday said it had agreed to buy a 5% stake in the Yanacocha gold mine in Peru for $48-million, as it looks to boost its assets in the metals sector. Yanacocha, which has been in production since 1993, was Peru's largest gold mine until output began... 

Orion expands Curraghinalt ownership with C$1.47-a-share offer for Dalradian

By: Mariaan Webb     21st June 2018 TSX- and Aim-listed Dalradian Resources on Thursday announced recommended cash offer of C$1.47 a share by investment management group Orion Mine Finance, valuing the developer of the Curraghinalt gold project, in Northern Ireland, at C$537-million. Under the agreement, Curraghinalt will continue... 

Orion expands Curraghinalt ownership with C$1.47-a-share offer for Dalradian

Sheffield finds buyer for Thunderbird ilmenite

By: Esmarie Swanepoel     21st June 2018 Mineral sands developer Sheffield Resources has inked a maiden ilmenite offtake agreement for its Thunderbird project, in Western Australia. The company on Thursday told shareholders that the five-year agreement with Bengbu Zhongheng New Materials will see the company supply 150 000 t of... 

Atlas directors back Hancock offer

By: Esmarie Swanepoel     21st June 2018 Takeover target Atlas Iron has backed a takeover offer from Hancock Prospecting, after suitor Mineral Resources (MinRes) pulled out of the race by failing to match the offer. MinRes earlier this week said that it would not make a counter offer for Atlas, after Hancock Prospecting launched a... 

Atlas directors back Hancock offer

Newcrest gets pay-out for seismic event

By: Esmarie Swanepoel     21st June 2018 Gold miner Newcrest Mining has been awarded a A$155-million insurance pay-out in relation to a seismic event at its Cadia operations, in New South Wales, in April last year. The miner was forced to suspend operations following the seismic event, with Newcrest subsequently spending some... 

Brixton to spin out cobalt assets into standalone battery metals company

By: Mariaan Webb     20th June 2018 TSX-V-listed Brixton Metals has announced its intentions to spin out its past producing cobalt projects in Ontario into a standalone listed company, which will also focus on other battery metals, including vanadium. The potential spinout, announced on Wednesday, aims to tap into the strong growth... 

Serabi reports fatality at Brazil mine

By: Creamer Media Reporter      20th June 2018 Dual listed Serabi Gold on Wednesday reported that a worker had died in a mining accident at its Sao Chico mine, in Brazil. The accident, which happened during the weekend, involved the operation of one of the underground loading machines. 

Centerra delays completion of Kyrgyz strategic accord further

By: Mariaan Webb     20th June 2018 TSX-listed gold producer Centerra Gold has agreed to further extend the first longstop date of a strategic agreement it signed with the Kyrgyz government on September 11, 2017. The Toronto-based miner has pushed out the first longstop date – the date by which all conditions precedent to the... 

Centerra delays completion of Kyrgyz strategic accord further
The Kumtor mine, in Kyrgyzstan.

Alrosa to lower production at International underground mine

By: Creamer Media Reporter      20th June 2018 Russian mining major Alrosa has revised the production plan of its International underground mine, near Mirny, as it takes a tougher stance on health and safety management. The production plan for 2018 remains unchanged at 36.6-million carats, but under the revised plan for 2019 to 2022, output... 

Alrosa to lower production at International underground mine
The International underground mine.

China Nonferrous Gold signs Pakrut mining contract

By: Creamer Media Reporter      20th June 2018 Aim-listed mineral explorer China Nonferrous Gold (CNG) has awarded the contract for first-stage mining of its Pakrut gold project, in Tajikistan, to local contractor Wenjian. The contract, worth about $7.56-million, is a tolling arrangement that is payable in accordance with each stage of... 

Herencia chairperson steps down

By: Creamer Media Reporter      20th June 2018 Chilean explorer and developer Herencia Resources on Wednesday announced the resignation of its chairperson Peter Reeve with immediate effect. The Aim-listed company, which owns the Pichachos, Guamanga and La Serena projects in Chile, said that new nonexecutive director Carl Dumbrell would be... 

EU to impose duties on US imports Friday after Trump tariffs

By: Reuters     20th June 2018 The European Union will begin charging import duties of 25% on a range of US products on Friday, in response to US tariffs imposed on EU steel and aluminium early this month, the European Commission said on Wednesday. The move confirms a tit-for-tat dispute that could escalate into a full trade... 

EU to impose duties on US imports Friday after Trump tariffs

Stop exploiting Africa, share resources, Pope tells Europe

By: Reuters     20th June 2018 Europe should stop exploiting Africa and invest in ways that benefit the continent more, including by sharing mineral wealth more equitably, Pope Francis said. "We must invest in Africa, but invest in an orderly way and create employment, not go there to exploit it," he told Reuters in a... 

Stop exploiting Africa, share resources, Pope tells Europe
Photo by Reuters
Pope Francis

South African mining-focused EV manufacturer launched

By: Nadine James     20th June 2018 Battery-driven mining vehicle solution provider Battery Power Industries (BPI) officially launched on Wednesday. The South African original-equipment manufacturer specialises in the development of battery energy systems, electrical traction systems and high-speed charging systems for underground... 

South African mining-focused EV manufacturer launched

Report alleges miners inadequately disclose information on environmental rehabilitation costs

By: Nadine James     20th June 2018 Neither the law, nor the accounting standards governing company disclosures, ensure the necessary transparency and accountability about financial provision for environmental rehabilitation, the Centre for Environmental Rights (CER) alleges in its ‘Full Disclosure: The Truth about Mining... 

Mining charter, illegal mining, FDI in the spotlight  

20th June 2018 Mining Weekly editor Martin Creamer unpacks the news around the mining charter, illegal mining and FDI in the junior miners fund. 

Mining charter, illegal mining, FDI in the spotlight
Mining charter, illegal mining, FDI in the spotlight

Sibanye-Stillwater appoints safety exec, to fund study to enhance risk management

By: Creamer Media Reporter      20th June 2018 Following a spate of fatalities at its South African mines this year, Sibanye-Stillwater has committed to funding an independent study, to be conducted by a visiting academic at the University of the Witwatersrand (Wits), with the aim of developing practical recommendations for enhancing risk... 

Sibanye-Stillwater appoints safety exec, to fund study to enhance risk management

Gold anomaly of over 8 km identified at GoldStone’s Akrokeri-Homase project

By: Creamer Media Reporter      20th June 2018 Aim-listed GoldStone Resources has identified a larger than 8 km gold-in-soil anomaly at its Akrokeri-Homase gold project, in South-West Ghana. The gold-in-soil anomaly, which runs from the historic Akrokeri underground mine to north of the Homase openpit, was identified following a review of the... 

Metro raises A$17m

By: Esmarie Swanepoel     20th June 2018 Bauxite miner Metro Mining has completed a bookbuild to raise A$17.5-million to strengthen the company’s balance sheet. The institutional placement has been priced at 20c a share, and due to strong demand, the placement was upsized by A$2.5-million. 

Hyundai teams up with VW's Audi to boost hydrogen cars

By: Reuters     20th June 2018 Hyundai agreed a deal with Audi on Wednesday to collaborate on hydrogen car technology, hoping to boost an energy segment that has lagged behind battery electric vehicles. The South Korean firm wants to increase the uptake of hydrogen cars, which are propelled by electricity generated by fuel... 

Latest tender nets $32.48m for Lucara

By: Creamer Media Reporter      20th June 2018 Lucara Diamond Corp’s twelfth exceptional diamond tender has earned it $32.48-million, with one 327.48 ct diamond sold for $10.1-million, or about $30 900/ct. The company, which operates the Karowe mine, in Botswana, put ten single diamonds, ranging in size from 40.4 ct to 472.37 ct, up for tender. 

Nevada Copper reports solid progress at Pumpkin Hollow

By: Creamer Media Reporter      20th June 2018 Early construction works continue to ramp up at the Pumpkin Hollow underground project, while an optimisation study for the openpit is progressing and expected to be released in the coming months. In an operations update on Tuesday, TSX-listed Nevada Copper reported that work was continuing on... 

Emission abatement technology could drive industrialisation – EPCM Global

By: Nadine James     20th June 2018 South African firm EPCM Global Engineering has partnered with Luxembourg-based Carbon Process & Plant Engineering (CPPE) to bring its emissions abatement technology to Africa, in a move that could spur industrialisation, says EPCM Global CEO Tumi Kgomo. He explains that the technology, which was... 

Deflector production set to rise

By: Esmarie Swanepoel     20th June 2018 Gold miner Doray Minerals was expecting record gold production from its Deflector mine, in Western Australia, during the 2019 financial year. The ASX-listed company on Wednesday told shareholders that Doray is expected to deliver between 80 000 oz and 85 000 oz during the 2019 financial year,... 

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