R/€ = 16.77 Change: 0.05
R/$ = 14.25 Change: 0.07
Au 1201.60 $/oz Change: -6.62
Pt 830.00 $/oz Change: -6.99

Mining News

Spain's nuclear watchdog requests more info on Berkeley uranium mine

By: Reuters     14th September 2018 Spain's nuclear watchdog CSN has asked Australian mining company Berkeley Energia for more information on its plans for a uranium mine in Salamanca, on which work is due to begin later this year, the regulator said on Friday. The project, which would become the European Union's only open-cast... 

Hydro withdraws bid for Rio Tinto Iceland plant

By: Mariaan Webb     14th September 2018 Norwegian aluminium company Hydro has dropped its offer to buy Rio Tinto’s ISAL aluminium plant, in Iceland. The $345-million offer, announced in February and initially expected to close in the second quarter, also entailed a 53.3% share in Rio Tinto’s Aluchemie anode plant, in the Netherlands,... 

Mandela Mining Precinct to bolster mining sector  

By: Tasneem Bulbulia     14th September 2018 JOHANNESBURG ( – Science and Technology Minister Mmamoloko Kubayi-Ngubane on Friday stressed the need for the mining industry to embrace the Fourth Industrial Revolution. Speaking at the launch of the Mandela Mining Precinct, in Melville, Johannesburg, she reassured the industry... 

Mandela Mining Precinct to bolster mining sector
Science & Technology Minister Mmamoloko Kubyi-Ngubane discusses the role of the Mandela Mining Precinct in driving innovation in South Africa, while Mining Equipment Manufacturers of South Africa chairperson Freddy Mugeri talks about exporting products from South Africa. Video: Nicholas Boyd; Editing: Christo Greyling.

Pan African expects lower earnings

By: Martin Creamer     14th September 2018 Gold mining company Pan African on Friday advised shareholders that earnings in the 12 months to June 30 are expected to be lower than for the corresponding period last year. But the challenging operational environment has been ameliorated by the pouring last month of the first gold at the newly... 

Pan African expects lower earnings
Photo by Creamer Media
Pan African CEO Cobus Loots

Association expects lower tin consumption this year

By: Simone Liedtke     14th September 2018 Tin consumption is expected to be weaker this year, as a result of escalating trade tensions and macroeconomic developments, especially in China, where other factors are hindering growth, the International Tin Association (ITA) has found. ITA analyst Tom Mulqueen pointed out that the latest... 

Gold capital, ARM’s growth and Implats’ Zim tax relief make headlines  

14th September 2018 This week Mining Weekly editor Martin Creamer discusses gold mining capital, African Rainbow Minerals’ growth opportunities and Implats working with the Zimbabwean government. 

Gold capital, ARM’s growth and Implats’ Zim tax relief make headlines
Gold capital, ARM’s growth and Implats’ Zim tax relief make headlines

Rand Water loses appeal on provision of piped water to Blyvooruitzicht village

By: Schalk Burger     14th September 2018 The Constitutional Court dismissed an appeal, brought by Gauteng water utility Rand Water, against an order of the Pretoria High Court preventing the disconnection of the piped water supply to the Blyvooruitzicht mining village, a distressed mining community of about 6 000 people located west of... 

Cradle Arc renews prospecting licences near flagship Mowana copper mine

By: Schalk Burger     14th September 2018 Africa-focused base and precious metals exploration and production company Cradle Arc on Friday announced that it had renewed prospecting licences to the north of its flagship Mowana copper mine, in Botswana, along the same Bushman Lineament that hosts the current resource estimate for Mowana.... 

Coal crunch faced by Indian nonpower sector to ease, not end

By: Ajoy K Das     14th September 2018 The coal shortage faced by the nonpower sector is expected to continue, although a reversal of the trend may emerge toward the end of the month, Coal India Limited (CIL) chairperson Anil Kumar Jha has said. “A surge in demand for coal at the start of the summer months this year forced CIL to... 

Premium Lulo diamonds to be sold under new Angola marketing system

By: Mariaan Webb     14th September 2018 ASX-listed Lucapa is preparing to sell its first diamonds from the Lucapa mine through the new marketing channels that Angola is establishing as part of the government’s diamond sector reforms. Certain large premium-valued diamonds will be the first Lulu production to be sold through the new... 

Apollo now owns 100% of Couflens

By: Creamer Media Reporter      14th September 2018 ASX-listed Apollo Minerals said on Friday that it had completed the acquisition of the remaining 20% interest in the Couflens tungsten/copper/gold project in the Pyrenees region of southern France, increasing its ownership to 100%. The company initially bought an 80% interest in 2017, and... 

Mount Gibson names CEO successor

By: Creamer Media Reporter      14th September 2018 ASX-listed Mount Gibson has appointed CFO Peter Kerr as CEO to succeed Jim Beyer, who will leave the company at the end of the month to pursue another opportunity in the resources industry. Kerr has been CFO of Mount Gibson since September 2017 and prior to that, he was CFO of uranium... 

Anglo American asks Angola for permission to explore for metals

By: Reuters     14th September 2018 Anglo American, one of the world's largest commodities miners, has asked Angola for permission to explore for base metals, the country's Ministry for Mines said on Friday. Anglo, which operates diamond, copper, platinum mines around the world, submitted a letter of intent to invest in the... 

Nickel producers eye Indonesia to plug into EV battery market

By: Reuters     14th September 2018 Several global metals producers have set their sights on Indonesia's nickel reserves to tap an expected surge in demand for the metal for electric vehicle batteries. Sumitomo Metal Mining (SMM) said on Thursday that it and nickel miner PT Vale Indonesia are conducting a feasibility study to... 

PIC foresees great opportunity in investing in early stage tech-driven companies

By: Kim Cloete     14th September 2018 The Public Investment Corporation (PIC) has outlined its vision for its recently launched R2-billion fund aimed at early-stage tech-driven companies. PIC executive head of research Sholto Dolamo told a Frost & Sullivan CEO Think Tank, in Cape Town, that the PIC was venturing beyond its... 

Tsodilo's Botswana kimberlite project produces 44 ct

By: Schalk Burger     14th September 2018 TSX-listed Tsodilo Resources’ BK16 kimberlite project, in the Orapa kimberlite field, in Botswana, has produced a third parcel of diamonds, comprising 279 diamonds weighing 43.95 ct, the company said in a statement on Thursday. The diamondiferous BK16 kimberlite pipe is about 6 ha in size at... 

Tango’s African diamond focus grows

By: Schalk Burger     14th September 2018 TSX-listed Africa-focused Tango Mining on Thursday reported production since January of 941 ct of high-value diamonds from its Oena diamond mine, in the Western Cape. It also reported on progress at further diamond exploration projects in Angola, Liberia and Botswana. 

Myanmar unveils Bawdwin ‘starter pit’ scoping study

By: Mariaan Webb     14th September 2018 ASX-listed junior Myanmar Metals has unveiled the results of a scoping study for the Bawdwin polymetallic mine, in Myanmar, demonstrating the viability of developing a 13-year “starter pit” that will fund the life-of-mine infrastructure. Based on the indicated and inferred resources from the... 

Multistakeholder initiative to see the development of an agri-industrial hub in Gauteng

By: Natasha Odendaal     14th September 2018 A multistakeholder initiative will see the development of prototype large-scale agriculture and bio-energy agri-industrial hub on 30 000 ha of land across the Merafong City local municipality and Rand West local municipality, in the greater West Rand district. This follows the signing of a... 

New Century brings new life to former Queensland mine

By: Mariaan Webb     14th September 2018 Praise is pouring in for New Century Resources’ zinc tailings project at a former mine site north-west of Mount Isa, Queensland, with Mines Minister Anthony Lynham declaring it an “exciting new approach” and Queensland Resources Council CEO Ian Macfarlane labelling the project “ingenious”. The... 

New Century brings new life to former Queensland mine
The New Century zinc mine.

Queensland ombudsman to help resolve land disputes

By: Creamer Media Reporter      14th September 2018 Queensland has appointed its first land access ombudsman to help landholders and resource companies resolve disputes over conduct and compensation agreements, as a free alternative to legal action. Jane Pires, currently the energy and water ombudsman, will take up the new position, Natural... 

South32 assumes operatorship of Eagle Downs

By: Mariaan Webb     14th September 2018 Diversified mining group South32 has assumed operatorship of the Eagles Downs metallurgical coal project, following the completion of the acquisition of a 50% interest in the Bowen basin project. The other 50% is owned by Aquila Resources, a subsidiary of China’s BaoWu. 

South32 assumes operatorship of Eagle Downs
South32 CEO Graham Kerr

Growing demand for synthetics not a threat to natural diamonds

By: Nadine James     14th September 2018 Although the global diamond market is currently worth about $87-billion, laboratory-grown diamonds only constitute 2% of that market, or $1.9-billion, says New York-based independent diamond analyst Paul Zimnisky. While the laboratory-grown diamond jewellery market is forecast to grow to about... 

Growing demand for synthetics not a threat to natural diamonds

Chile's lithium miner SQM asks court to reject Tianqi agreement

By: Reuters     14th September 2018 Chilean lithium miner SQM objected to the terms of a deal drawn up between the country's anti-trust regulator and the Chinese miner Tianqi which hopes to buy almost a quarter of SQM, its lawyers told the country's anti-trust court on Thursday. An attorney representing SQM told Chile’s anti-trust... 

Collahuasi copper mine in Chile to raise output 4% this year -VP

By: Reuters     14th September 2018 The copper mine Collahuasi in Chile is expected to produce 545 000 t of copper this year, 4% more than in 2017, its vice president of operations, Francisco Carvajal, told journalists on the sidelines of an event in Peru on Thursday. Collahuasi, owned by Anglo American and Glencore, is located in... 

Lundin Mining has hefty M&A appetite for copper, says incoming CEO

By: Reuters     14th September 2018 Canada's Lundin Mining is on the hunt for copper mines and projects and willing to spend up to $3-billion on mergers and acquisitions, its incoming CEO said in an interview on Thursday. But Lundin will stick with its strategy of disciplined bids and a focus on low-risk jurisdictions, Marie... 

Teck's copper project attracts interest before end-Sept deadline - sources

By: Reuters     13th September 2018 Mining companies and commodities trading houses are expected to table first-round offers by a September 28 deadline for a stake in Teck Resources' Quebrada Blanca copper mine expansion in northern Chile, two sources with knowledge of the matter said. Canada's Teck has said a development partner... 

Hurricane threatens US coking coal exports

By: Mariaan Webb     13th September 2018 Prices of metallurgical coal, used by steelmakers, are likely to rise if Hurricane Florence disrupts port operations at Virginia’s Hampton Roads for an extended time, Wood Mackenzie (Woodmac) said on Thursday. Hurricane Florence, which has been downgraded from a category four to a category two... 

Hurricane threatens US coking coal exports

Nordgold launches new Russia mine

By: Mariaan Webb     13th September 2018 Gold miner Nordgold has formally launched its third mine – the new Gross operation in Yakutia, Russia, which will turn the company into an one-million-ounce a year producer. The Gross mine will operate for 17 years and is expected to add 200 000 oz/y of to Nordgold’s production profile. 

Innovation recognised at this year’s EMA

By: Shannon de Ryhove     13th September 2018 The South African Capital Equipment Export Council (SACEEC) awarded South African mining supplier Afri-Tech the overall innovation award and the South African Innovation award at this year’s Electra Mining Africa exhibition for its locally manufactured forced ejection nozzle. The nozzle, which is... 

Innovation recognised at this year’s EMA
Photo by Dylan Slater
The Afri-Tech team with SACEEC CEO Eric Bruggeman

De Beers wraps up Canada acquisition

By: Creamer Media Reporter      13th September 2018 Anglo America’s De Beers has completed the C$107-million acquisition of Peregrine Diamonds, with the TSX-listed company set to be delisted at the end of trading on Friday. The acquisition, announced in July, was approved by Peregrine securityholders on August 31 and by the Supreme Court of... 

Gold Fields plans to extend life of Peru mine through 2040

By: Reuters     13th September 2018 South African miner Gold Fields aims to extend the life of its Cerro Corona gold mine in Peru through 2040 with an investment of at least $240-million, the company's vice president for the Americas said late on Wednesday. "We're doing studies with Peruvian consulting firms and international... 

Strong new collaboration with governments of South Africa, Zimbabwe – Implats 

By: Martin Creamer     13th September 2018 Platinum mining company Impala Platinum (Implats), which is collaborating closely with the South African government to preserve jobs at the heavily lossmaking Impala Rustenburg operation, is also working in very close cooperation with the government of Zimbabwe, where it has secured major tax... 

Strong new collaboration with governments of South Africa, Zimbabwe – Implats
Implats CEO Nico Muller interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer.

Alrosa reports stable international demand for large diamonds

By: Creamer Media Reporter      13th September 2018 Diamond miner Alrosa has netted $15.6-million from the sale of special large diamonds at an international auction in Israel. A total of 2 611 ct of diamonds, all weighing more than 10.8 ct, were sold in 166 lots. 

South African mining sees considerable decline of 5.2% in July – Stats SA

By: Simone Liedtke     13th September 2018 Mining production in South Africa decreased by 5.2% year-on-year in July, following a 3.7% year-on-year rise in June, mainly as a result of declines in the production of gold, iron-ore, coal and platinum-group metals (PGMs). According to Statistics South Africa (Stats SA), gold decreased by 15%,... 

South African mining sees considerable decline of 5.2% in July – Stats SA

Local mining services company owners win Entrepreneur of the Year accolade  

By: Marleny Arnoldi     13th September 2018 Mining engineer Samuel Molefi and his entrepreneurial wife and business partner Motlapele Molefi have won the Entrepreneur of the Year award – a premier entrepreneurial platform sponsored by Sanlam and Business Partners every year. Samuel and Motlapele are founders and owners of Modi Mining, a... 

Local mining services company owners win Entrepreneur of the Year accolade
Modi Mining owners Motlapele and Samuel Molefi

Galileo to acquire Kabwe residual rights, 95% stake in Star zinc project

By: Marleny Arnoldi     13th September 2018 Aim-listed Galileo Resources has executed a heads of agreement to acquire the Kabwe residual rights, in Zambia, from BMR Group. The acquisition excludes BMR’s small-scale licence which is used as a zinc/lead/vanadium tailings recovery project, situated within the Kabwe mining licence.  

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