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Mining News

AMCU to strike at Sibanye’s platinum operations from Jan 22 

By: Marleny Arnoldi     14th January 2019 The Association of Mineworkers and Construction Union (AMCU) on Monday confirmed it would embark on secondary strike action at Sibanye-Stillwater’s platinum operations in South Africa from January 22. This is in support of the strike at Sibanye’s gold operations on the West Rand and in the Free... 

Panthera granted new exploration licence in Mali

By: Tasneem Bulbulia     14th January 2019 Gold exploration and development company Panthera Resources, which owns assets in India and West Africa, has been granted a new exploration licence, replacing and considerably extending the tenure of the Kalaka licence, in Mali. The replacement Kalaka licence has been granted for an initial... 

Caledonia lifts Q4 output, enters into gold hedge

By: Tasneem Bulbulia     14th January 2019 Caledonia Mining produced 14 952 oz of gold at its 49%-owned Blanket mine, in Zimbabwe, during the quarter ended December 31, 7% higher than the third quarter. This brought production for the full year to 54 512 oz, in line with the guided 54 000 oz to 56 000 oz. 

Highland extends MNV’s mine life to 2029

By: Tasneem Bulbulia     14th January 2019 An updated audit of mineral resources and ore reserves at the Mnogovershinnoye (MNV) mine supports the extension of its life by seven years to 2029, Russia-focused Highland Gold reported on Monday. Further, a considerable increase in mineral resources has created the potential to add... 

Acacia exceeds production guidance despite operational transitions

By: Marleny Arnoldi     14th January 2019 LSE-listed Acacia Mining exceeded its 2018 production guidance of up to 475 000 oz, delivering 521 980 oz of gold. Interim CEO Peter Geleta on Monday said this was despite a challenging operating environment.  

Acacia exceeds production guidance despite operational transitions
Acacia Mining's Bulyanhulu project

DebTech supplies X-ray diamond recovery tech to Sierra Leone project

By: Marleny Arnoldi     14th January 2019 Diamond processing technology specialist DebTech is supplying its X-ray diamond recovery technology to Newfield Resources’ Tongo diamond mining project, in Sierra Leone. DebTech is collaborating with project house Paradigm Project Management on the project.  

DebTech supplies X-ray diamond recovery tech to Sierra Leone project
DebTech is supplying its X-ray diamond recovery technology to the Tongo diamond mining project in Sierra Leone

Ariana exceeds 2018 production guidance

By: Tasneem Bulbulia     14th January 2019 Ariana Resources, which owns gold mining operations in Turkey, produced 27 110 oz of gold during 2018, exceeding its initial full year production guidance of 20 000 oz of gold by 7 110 oz and representing an increase of about 36%. This is according to the preliminary December quarter production... 

Filo del Sol PFS confirms significant project potential

By: Marleny Arnoldi     14th January 2019 TSX-V- and Nasdaq-listed Filo Mining’s prefeasibility study (PFS) of its Filo del Sol project, on the border of Chile and Argentina, has confirmed the “incredible” copper, gold and silver potential of the project. CEO Adam Lundin said on Monday that the PFS had positive findings, including a... 

Foreign investors eye stake in IOC’s LNG terminal to be commissioned this month

By: Ajoy K Das     14th January 2019 Indian Oil Corporation (IOC), the country’s largest oil refiner-marketer, will be willing to offer strategic equity stake to overseas investors in its liquefied natural gas (LNG) terminal ready for commissioning at the end of this month. IOC in a statement said that construction of the LNG... 

Newmont seeks to become world's biggest gold producer through $10bn Goldcorp buyout 

By: Marleny Arnoldi     14th January 2019 NYSE-listed Newmont Mining Corporation and NYSE- and TSX-listed Goldcorp have entered into a definitive agreement that will result in Newmont acquiring all shares of Goldcorp in a stock-for-stock transaction valued at $10-billion. Newmont will acquire each Goldcorp share for 0.3280 of a Newmont... 

Newmont seeks to become world's biggest gold producer through $10bn Goldcorp buyout
Photo by Bloomberg
Newmont CEO Gary Goldberg

Mantashe to engage Xolobeni community  

By: Marleny Arnoldi     14th January 2019 Mineral Resources Minister Gwede Mantashe will once again engage with the Xolobeni community on Wednesday to try to find suitable solutions to an impasse over the awarding of mining rights in the Xolobeni area of the Eastern Cape. Following the Minister’s last meeting with the Amadiba Crisis... 

Mantashe to engage Xolobeni community
Photo by Dylan Slater
Mineral Resources Minister Gwede Mantashe

Edenville acquires second excavator to boost mining output at Rukwa

By: Marleny Arnoldi     14th January 2019 Aim-listed Edenville Energy has acquired a second excavator to increase the amount of mined material from its Rukwa coal-to-power project, in Tanzania. The company secured a $750 000 loan during the last few weeks of 2018, which has been used to fund the acquisition of the second excavator and... 

Agri-hub seen as key post-mining-economy jobs driver in west Gauteng  

By: Terence Creamer     14th January 2019 An ambitious plan to develop Gauteng’s West Rand into an agri-industrial hub, primarily producing high-value crops for domestic and export markets, is starting to take shape and is expected to be officially launched during the first quarter of 2019. The initiative has been branded ‘Bokamoso Ba... 

Agri-hub seen as key post-mining-economy jobs driver in west Gauteng
Photo by Sibanye-Stillwater
The programme is part of bigger plan to build a sustainable post-mining economy in the West Rand

MC Mining acquires key surface rights to advance Makhado project

By: Marleny Arnoldi     14th January 2019 Aim-, ASX- and JSE-listed MC Mining’s subsidiary, Baobab Mining & Exploration, has completed the acquisition of the Lukin and Salaita properties, which are key surface rights required for the Makhado hard coking and thermal coal project, in Limpopo. The acquisition, announced in November last... 

MC Mining acquires key surface rights to advance Makhado project
Photo by Creamer Media Chief Photographer Dylan Slater
MC Mining CEO David Brown

Congo poll leaves uncertainty for miners at heart of EV revolution

By: Reuters     14th January 2019 The surprise outcome of Congo's election - a vote meant to bring closure to years of turmoil under President Joseph Kabila – has done little to ease uncertainty for miners and investors in a country crucial to the electric vehicle revolution. Democratic Republic of Congo is the world's leading... 

Congo poll leaves uncertainty for miners at heart of EV revolution

Horizonte’s Brazil project fully permitted to start construction

By: Creamer Media Reporter      14th January 2019 The Brazilian Pará state environmental agency, Semas, has awarded the Araguaia ferronickel project its final permit needed before construction could get under way, dual-listed Horizonte Minerals announced on Monday. The construction licence provides the permits required for the rotary kiln... 

Plateau appoints DRA Global as lead engineering consultancy for Falchani PEA

By: Marleny Arnoldi     14th January 2019 TSX-V-listed Plateau Energy Metals has appointed DRA Global as lead engineer and consultant for the preliminary economic assessment (PEA) for the Falchani lithium project, in Macusani Plateau, in south-eastern Peru. Additionally, DRA Global industry specialist Wardell Armstrong has been... 

Copper Reef raises $500 000 to fund surveys, grid extension at Alberts Lake

By: Marleny Arnoldi     14th January 2019 Canadian Securities Exchange-listed Copper Reef Mining Corporation plans to raise $500 000 through a private placement to fund its grid and surveying activities at the Alberts Lake gold deposit, in Manitoba, Canada. The first tranche of the capital raise will comprise six-million flow-through... 

Pure Nickel appoints new CEO and president

By: Tasneem Bulbulia     14th January 2019 Pure Nickel has appointed R David Russell CEO and president, the company announced on Friday. He has been a director of Pure Nickel for over 12 years. 

Brunswick sells Irene Lake property to TomaGold

By: Tasneem Bulbulia     14th January 2019 Brunswick on Friday announced the sale of the Irene Lake property, in Quebec, to TomaGold. The property is about 45 km southwest of the Chibougamau mining camp and is contiguous and to the west of TomaGold and Iamgold’s Monster Lake project. 

Nordgold ups stake in JV partner Columbus

By: Creamer Media Reporter      14th January 2019 Aim-listed gold miner Nordgold is set to increase its equity interest in gold exploration and development company Columbus Gold – its joint venture (JV) partner on the Montagne d’Or gold mine project, in French Guiana. According to a news release issued by TSX-listed Columbus, Nordgold will... 

BC Supreme Court approves Pan American’s acquisition of Tahoe Resources

By: Marleny Arnoldi     14th January 2019 TSX- and NYSE-listed Tahoe Resources on Friday reported that the Supreme Court of British Columbia had approved the proposed transaction whereby Pan American Silver Corporation intends to acquire all of Tahoe’s shares. Both companies’ shareholders have approved the transaction, which is set to... 

Coal mine collapse in China's Shaanxi kills 21 - People's Daily

By: Reuters     14th January 2019 A coal mine roof collapse in northwest China's Shaanxi province killed 21 miners on Saturday, the state-run People's Daily reported on Sunday. The accident is the deadliest reported so far this year in China's coal industry, known for its poor safety record.  

China's 2018 iron-ore imports fall 1%, first annual drop since 2010

By: Reuters     14th January 2019 China's 2018 iron-ore imports fell by 1% from the previous year, the first annual decline since 2010, according to data from the General Administration of Customs on Monday. Full-year iron ore imports fell to 1.064-billion tonnes in 2018 from an annual record of 1.075-billion tonnes in 2017, the... 

Rio Tinto calls force majeure on some iron ore shipments after fire in Australia

By: Reuters     14th January 2019 Rio Tinto said on Monday it has declared force majeure on iron ore shipments to some customers following a fire at its Cape Lambert export terminal in Australia last week. The miner closed part of the terminal's operations after the fire on last Thursday. 

Sheffield starts search for Thunderbird partner

By: Esmarie Iannucci     14th January 2019 Mineral sands developer Sheffield Resources has started the hunt for a development partner for its Thunderbird project, in Western Australia. The company on Monday announced the appointment of global investment bank UBS AG, which will assist Sheffield in considering third party strategic... 

Syrah declares commercial production in Moz

By: Esmarie Iannucci     14th January 2019 Graphite producer Syrah Resources has declared commercial production at its Balama project, in Mozambique. “The declaration of commercial production represents a key milestone for Syrah, reflecting the significantly improved production consistency and strong recovery improvements,” said Syrah... 

Thalanga hits records in Dec quarter

By: Esmarie Iannucci     14th January 2019 ASX-listed Red River Resources has reported a record quarterly production at its Thalanga operation, in Queensland. Some 96 000 t of ore was recovered during the quarter, delivering record 7 695 t of zinc concentrate, 3 007 t of lead concentrate and 725 t of copper concentrate. 

Santos links more homes to Narrabri

By: Esmarie Iannucci     14th January 2019 Oil and gas major Santos has put further weight behind its plans to develop the Narrabri gas project, in New South Wales, revealing a new flowline from the natural gas appraisal wells, near Narrabri, to the Wilga Park power station. Santos said on Monday that the new flowline would be able to... 

Santos links more homes to Narrabri

Altura makes progress at Pilgangoora

By: Esmarie Iannucci     14th January 2019 Lithium producer Altura Mining on Monday told shareholders that the company was pleased with the progress made at its Pilgangoora project, in Western Australia. The company noted that some 24 000 t of lithium has been shipped to China-based converters, with the last cargo departing Port Hedland... 

Gascoyne calls on Macquarie in time of need

By: Esmarie Iannucci     14th January 2019 Embattled gold miner Gascoyne Resources has appointed Macquarie Capital as financial advisor, amid speculation that the company was fending off takeover offers. Gascoyne on Monday told shareholders that Macquarie would be providing the company with advice on a number of corporate and financial... 

Endeavour increases Ity mine ownership to 85%

By: Simone Liedtke     11th January 2019 TSX-listed Endeavour Mining has increased its ownership stake in the Ity mine, in Côte d'Ivoire, from 80% to 85%. In exchange for the additional 5% interest in the Ity mine, Endeavour granted DYD International more than one-million common shares amounting to a total consideration of about... 

Surge to create copper/gold spin-off company

By: Marleny Arnoldi     11th January 2019 TSX-V-listed Surge Exploration has approved, in principle, a strategic reorganisation of the company’s assets, in which the company would spin off its interests in the copper/gold Hedge Hog and Mineral Mountain exploration projects in British Columbia, into a newly incorporated subsidiary called... 

Hydrogen leap needed to aid platinum’s future 

By: Martin Creamer     11th January 2019 A South African decision to step firmly into the hydrogen age, like so many other countries are doing, has great potential benefit for the country. Because South Africa has better combined solar and wind resources than just about any other country, it is well positioned to generate hydrogen using... 

Hydrogen leap needed to aid platinum’s future

ITE Group, LSE celebrate upcoming Mining Indaba

By: Marleny Arnoldi     11th January 2019 ITE Group CEO Mark Shashoua on Friday ceremonially opened trading on the LSE, while celebrating the upcoming twenty-fifth edition of the Investing in African Mining Indaba conference, which ITE Group owns. The LSE opening event was attended by partners from the World Gold Council, Memery... 

ITE Group, LSE celebrate upcoming Mining Indaba

Trans-Siberian expects to exceed 2018 gold guidance, secures cheaper electricity

By: Marleny Arnoldi     11th January 2019 LSE-listed Russian miner Trans-Siberian Gold expects to exceed its 2018 gold production guidance of between 36 000 oz and 40 000 oz, as a result of an improved operational performance and improving gold grades. The average gold grade for the third quarter last year was 7.8 g/t gold.  

Sibanye-Stillwater market update draws AMCU’s fury  

By: Simone Liedtke     11th January 2019 The Association of Mineworkers and Construction Union (AMCU) has accused gold miner Sibanye-Stillwater of “bragging about its profits” and of “shocking arrogance” while the union’s members remain on strike at the miner’s South African gold operations. The union said it viewed Sibanye’s market... 

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