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Mining News

SSR confirms near-term production growth at Marigold

By: Mariaan Webb     19th June 2018 Precious metals producer SSR Mining has updated the life-of-mine (LoM) plan for its Marigold operation, which confirms near-term production growth for the gold mine situated in the northern foothills of the Battle mountain range of Nevada. The 3.2-million ounces of gold that the US mine has in... 

RNC to withdraw $12m from Dumont JV

By: Mariaan Webb     18th June 2018 Diversified miner RNC Minerals on Monday said that it would withdraw $12-million in capital from the Dumont joint venture (JV), in lieu of the debt extension and equity raise that it announced at the end of May. CEO Mark Selby explained in a news release that the cash withdrawal would avoid an... 

Canadian project generator seeks to expand base metal/gold holdings

By: Creamer Media Reporter      18th June 2018 Mineral exploration project generator Rainy Mountain Royalty, which acquires early stage exploration projects and deliver them drill target ready to joint venture (JV) partners, is considering opportunities outside Canada, the TSX-V-listed company has revealed. In a news release issued on... 

Group Eleven says Stonepark open towards Glencore’s Pallas Green

By: Mariaan Webb     18th June 2018 The Stonepark zinc deposit in Ireland, which TSX-V-listed Group Eleven owns with Aim-listed Connemara Mining, is likely open towards the neighbouring Pallas Green deposit of mining major Glencore and results from hole drilled in a key area of the resource have returned high-grade results. Hole... 

Group Eleven says Stonepark open towards Glencore’s Pallas Green

GoldMining graduates to TSX

By: Creamer Media Reporter      18th June 2018 Gold-focused minerals explorer GoldMining is expected to delist from the TSX-V on Tuesday, when its shares will start trading on the TSX. Commenting on the company's graduation to the TSX, GoldMining chairperson Amir Adnani said that the new listing would elevate the visibility of the company,... 

Alphamin closes C$19.2m equity financing

By: Creamer Media Reporter      18th June 2018 TSX-V- and AltX-listed Alphamin Resources has raised C$19.2-million through the issue of 76.8-million shares at C$0.25 apiece. As part of the private placement, first announced on May 28, Alphamin CEO Boris Kamstra subscribed for 512 000 shares. 

PEA completed for South America’s ‘most advanced’ PGM project

By: Creamer Media Reporter      18th June 2018 A preliminary economic assessment (PEA) for the Pedra Branca platinum group metal (PGM) project, in north-eastern Brazil, has confirmed the economic potential of the project, which Aim-listed Jangada Mines says is South America’s largest and most advanced PGMs play. The PEA has assigned a net... 

ATON welcomes tribunal’s M&R voting-rights ruling, despite restrictions

By: Terence Creamer     18th June 2018 Investment company ATON, which is seeking to acquire Murray & Roberts (M&R), has welcomed a Competition Tribunal ruling opening the way for it to vote all its shares at a general meeting at which M&R shareholders will vote on the merits of a proposed transaction with Aveng. The meeting is... 

ATON welcomes tribunal’s M&R voting-rights ruling, despite restrictions

CAR struggling to resume diamond exports, tax revenue lags

By: Reuters     18th June 2018 Despite a partial lifting of a ban on its diamond exports, the Central African Republic (CAR) is struggling to restore sales and seeing only a fraction of the tax revenue it once did, its mining minister said in an interview. As a member of the 81-nation Kimberley Process which certifies ethical... 

Tshipi may distribute R1.5bn to shareholders in Sept

By: Creamer Media Reporter      18th June 2018 Tshipi é Ntle Manganese Mining, in which ASX-listed Jupiter Mines owns a 49.9% stake and which operates the Tshipi Borwa mine, expects to distribute R1.5-billion to its shareholders in September. In an update on Monday, Jupiter said Tshipi’s operations continue to exceed plan with annualised... 

Lucapa, partners sell another $2m of Lulo diamonds

By: Creamer Media Reporter      18th June 2018 ASX-listed Lucapa Diamond Company and its partners Empresa Nacional de Diamantes (Endiama) and Rosas & Petalas have completed a further sale of 1 782 ct of alluvial diamonds from the Lulo project, in Angola. The parcel achieved gross sale proceeds of $2-million, or A$2.7-million, representing an... 

Charter in current form will not promote investment, growth – MCSA

By: Simone Liedtke     18th June 2018 The Minerals Council South Africa (MCSA) believes that while the draft Mining Charter 2018 is a material improvement on the 2017 iteration, much more work needs to be done to create a Mining Charter that promotes competitiveness, investment, growth and transformation for the growth and prosperity... 

Charter in current form will not promote investment, growth – MCSA
Mineral Resources Minister Gwede Mantashe

Correction: Independence Group nine-month output

18th June 2018 Diversified metals miner Independence Group has delivered 14 914 t of nickel in concentrate, 6 315 t of copper in concentrate and 490 t of cobalt in concentrate in the nine months to March. Mining Weekly incorrectly stated on June 14 that the nine-month production was the full-year guidance. 

Arc buys a further 6% stake in Zamsort

By: Creamer Media Reporter      18th June 2018 Aim-listed Arc Minerals has acquired a further 6% interest in Zamsort, which is developing a copper/cobalt project in Zambia, from two separate shareholders. It now holds a 61% interest in Zamsort. 

Rio spending $2.2bn on iron-ore supply

By: Esmarie Swanepoel     18th June 2018 Diversified miner Rio Tinto on Monday revealed that it will be spending some $2.2-billion over the next three years on replacement mines for its iron-ore operations in the Pilbara, including initial spending on the proposed Koodaideri, West Angelas and Robe Valley developments. Rio’s iron-ore... 

Senex and Jemena strike deal to fast-track project for east coast gas supply

By: Esmarie Swanepoel     18th June 2018 ASX-listed Senex Energy has struck an agreement with infrastructure operator Jemena to partner on the accelerated development of Project Atlas, in Queensland, to deliver first gas to the domestic market by late 2019. Under the agreement, Jemena will build, own and operate a gas processing... 

High Court lifts interim order against MC Mining's Makhado project

By: African News Agency      18th June 2018 MC Mining, previously known as Coal of Africa, on Monday said it welcomed a high court decision to lift an interim order against the company's environmental authorisation for the Makhado hard coking and thermal coal project. The court had in 2014 granted the Vhembe Mineral Stakeholders Forum and... 

New copper reserves established in India

By: Ajoy K Das     18th June 2018 The Geological Survey of India (GSI) has established indicative reserves of copper in central Indian province of Chhattisgarh. The discovered copper reserves, spread across an estimated 25 km2, will be taken up for detailed exploration by Chhattisgarh Copper Limited (CCL) the recently floated... 

Mines chief inspector compiling report on Sibanye-Stillwater accidents – Mantashe

By: African News Agency      18th June 2018 The acting chief inspector of mines is compiling a report on all accidents that occurred at Sibanye-Stillwater mining operations since the beginning of this year, Mineral Resources Minister Gwede Mantashe said on Sunday. "This will enable us to take appropriate action, guided by the Mine Health... 

Erris gives update on Centerra-funded exploration JV

By: Creamer Media Reporter      18th June 2018 Canada’s Centerra Resources has elected not to earn into the Klippen project, in Sweden, its joint venture (JV) partner Erris Resources reported on Monday, explaining that drill results had confirmed gold mineralisation, but that the nature of the veining was not indicative of a potentially... 

Australia's Port Kembla reopens after cargo ship blaze

By: Reuters     18th June 2018 A fire in the hold of a bulker ship on Monday briefly closed Australia's Port Kembla, the second-largest coal export port in New South Wales state, stopping shipping for eight hours. The port was shut soon after the blaze began before dawn on the MV Iron Chieftain as it unloaded dolomite, a... 

Red 5 divests of Mt Cattlin royalty

By: Esmarie Swanepoel     18th June 2018 ASX-listed junior Red 5 has entered into an agreement to divest of its royalty entitlement from the Mt Cattlin lithium mine, in Western Australia, to Canadian royalty company Lithium Royalty Corporation (LRC). Red 5 owns the right to receive A$1.50/t of ore processed from the Mt Cattlin mine,... 

Havilah reveals maiden reserve at Kalkaroo

By: Esmarie Swanepoel     18th June 2018 Junior Havilah Resources has reported a maiden ore reserve of 474 000 t of contained copper and 1.41-million ounces of gold at its Kalkaroo copper/cobalt/gold project, in South Australia. The ASX-listed Havilah noted that the ore reserve estimate did not include cobalt at this stage, with the... 

Rinehart’s Hancock bids $390m for Atlas, trumps MinRes offer

By: Esmarie Swanepoel     18th June 2018 Gina Rinehart’s Hancock Prospecting has solidified its intentions for ASX-listed Atlas Iron, revealing a 4.2c a share takeover offer, or A390-million, for the Pilbara iron-ore miner. Atlas told shareholders on Monday that the Hancock offer, which would open in about two weeks’ time, would be... 

South32 offers $1.3bn for rest of Arizona

By: Esmarie Swanepoel     18th June 2018 Diversified miner South32 has struck a $1.3-billion takeover deal with TSX-listed Arizona Mining, offering to acquire the remaining 83% interest in the company through an all-cash offer. South32 is offering Arizona shareholders C$6.20 a share for their interest in the TSX-listed miner, which... 

South32 offers $1.3bn for rest of Arizona
South32 CEO Graham Kerr

Pilgangoora ships first lithium DSO

By: Esmarie Swanepoel     18th June 2018 The first 85 000 t of direct shipping ore (DSO) from the Pilgangoora lithium/tantalum project, in Western Australia, has been shipped by ASX-listed Atlas Iron under a mine gate sales agreement with producer Pilbara Minerals. The lithium was exported to China under an offtake agreement under... 

Santos awards Barossa contracts

By: Esmarie Swanepoel     18th June 2018 Oil and gas major Santos has awarded three major engineering contracts on the front-end engineering and design (FEED) phase of its Barossa offshore project. Santos on Monday said that separate engineering contracts for the proposed floating production storage and offloading facility (FPSO) have... 

Finders reports wall failure at Wetar

By: Esmarie Swanepoel     18th June 2018 Copper miner Finders Resources has reported a wall failure at its Kali Kuning openpit mine, at the Wetar copper project, in Indonesia. The company on Monday said that 175 000 bank cubic meters of waste rock from the north-eastern high wall were displaced into the pit on June 14, with mining... 

Tahltan to receive C$7m a year from Brucejack taxes

By: Creamer Media Reporter      16th June 2018 The Tahltan First Nation will receive about C$7-million a year in tax revenue from the new Brucejack gold mine, under a revenue-sharing agreement between the British Columbia government and the Tahltan central government. The Brucejack mine, in north-western British Columbia, is expected to... 

South Africa proposes 30% black ownership for mining firms within 5 years

By: Reuters     16th June 2018 South Africa plans to raise black ownership at permit-holding mining companies to 30% from 26% within five years, the latest draft of a hotly-contested new industry charter showed on Friday. The government and miners had been at loggerheads over a previous version of the charter, which industry... 

South Africa proposes 30% black ownership for mining firms within 5 years
Photo by Dylan Slayter
Mineral Resources Minister Gwede Mantashe

Chile anti-trust regulator to probe Tianqi purchase of SQM stake

By: Reuters     16th June 2018 Chile's anti-trust regulator FNE said on Friday it would open an investigation into the effects on the market of China's Tianqi purchase last month of a 24% stake in SQM, one of the world's top lithium producers. Chile's government under former President Michelle Bachelet in March filed a... 

Kefi raises £3m; issues shares to contractors, third parties

By: Simone Liedtke     15th June 2018 Aim-listed Kefi Minerals has conditionally raised £3-million, equivalent to about $4-million, through a placing of 120-million new ordinary shares at 2.5p apiece to existing and new shareholders. The placing proceeds net of expenses are expected to be about £2.8-million and will primarily be used... 

Exxaro appoints new chairperson

By: Marleny Arnoldi     15th June 2018 JSE-listed coal and heavy minerals miner Exxaro has appointed Jeffrey van Rooyen as independent nonexecutive chairperson.  

Mantashe to publish draft charter for public comment

By: Creamer Media Reporter      15th June 2018 Mineral Resources Minister Gwede Mantashe intends to, on Friday, publish the draft Mining Charter for public comments before it is finalised and gazetted.   This follows weeks of engagements with stakeholders and social partners.   “Publishing of the charter moves us a step forward in terms of... 

Glencore’s DRC settlements should allay fears about asset seizure – analyst

By: Chanel de Bruyn     15th June 2018 Diversified miner Glencore’s settlement, this week, of various disputes with entities in the Democratic Republic of Congo (DRC), should allay investor concerns about the risk of a seizure of its DRC assets, says Goldman Sachs. Glencore, led by CEO Ivan Glasenberg, on Friday announced that it had... 

Glencore’s DRC settlements should allay fears about asset seizure – analyst
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

DFS opens door for Keliber to advance Finland lithium project

By: Creamer Media Reporter      15th June 2018 Exploration and development firm Keliber has published the results of a definitive feasibility study (DFS) for its lithium project, in Finland, confirming its financial and technical feasibility. The DFS endows the lithium project with a net present value, using an 8% discount, of €295-million,... 

DFS opens door for Keliber to advance Finland lithium project

Minerals Council, water dept collaborate on water conservation, demand management project

By: Creamer Media Reporter      15th June 2018 The Department of Water and Sanitation (DWS) and the Minerals Council South Africa (MCSA) have reached a significant milestone in a collaborative exercise on water conservation and water demand management aimed at driving water savings and usage improvements in the mining industry. The... 

Minerals Council, water dept collaborate on water conservation, demand management project

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