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Mining News

Zambia sees mining revenue rising on higher copper price

By: Reuters     11th January 2018 Zambia expects to collect more revenue from mining companies this year compared to 2017 after copper prices rose above $7 000/t, the revenue authority (ZRA) said on Wednesday. ZRA Commissioner-General Kingsley Chanda said at a media briefing the authority was targeting a revenue-to-GDP ratio of... 

Kenmare meets yearly production guidance

By: Anine Kilian     11th January 2018 LSE-listed mineral sands miner Kenmare Resources has reported a record yearly production of ilmenite, rutile and zircon – achieving production guidance for all products. The company said in a statement on Thursday that it mined more than 33-million tonnes of ore in 2017, up 12% from the previous... 

Regency eyes larger role in EV market

By: Natasha Odendaal     11th January 2018 London-listed Regency Mines plans to reposition itself to fully leverage the mineral resources to be used in the rising electric vehicle (EV) batteries and related energy technologies. The company on Thursday said in an update to shareholders that it aimed to rebrand its nickel/cobalt and related... 

Alrosa’s 2017 rough and polished sales dip to $4.3bn

By: Mariaan Webb     11th January 2018 Russian miner Alrosa’s diamond sales fell to $4.27-billion in 2017, from $4.45-billion in the previous year, as the average price of its rough diamonds dipped. Reporting on the group’s 2017 sales figures, VP Yury Okoemov explained on Thursday that the average price of rough diamonds sold by... 

Alrosa’s 2017 rough and polished sales dip to $4.3bn

Dragon updates mineral resources for Nordic mines

By: Megan van Wyngaardt     11th January 2018 ASX-listed Dragon Mining has updated its mineral resources for its Nordic projects, returning a combined total mineral resource of 13.6-million tonnes, grading 3. 3 g/t gold for 1.43-million ounces. This represented a 2.28% decrease in tonnes and a 0.35% decrease in ounces after depletion for... 

Troy delivers highest production since March 2016 quarter

By: Megan van Wyngaardt     11th January 2018 ASX-listed Troy Resources produced 6 224 oz of gold during December 2017, bringing the company’s quarterly production to 16 109 oz, Not only was this a 17% month-on-month increase, but it was also 25%, or 3 224 oz, higher than the three months ended September and marked the highest quarterly... 

Pantoro reports 44% y/y production increase

By: Megan van Wyngaardt     11th January 2018 During the three months ended December, ASX-listed gold miner Pantoro produced a record 13 841 oz, compared with 13 282 oz in the previous quarter and 9 598 oz in the same period in the prior year. This represents a 44% year-on-year production increase. 

Trek acquires Gabon project from Battery Minerals

By: Natasha Odendaal     11th January 2018 ASX-listed Trek Metals has acquired 100% of the Kroussou zinc/lead project, in Gabon, from fellow-listed Battery Minerals for $400 000 in cash and securities. A deferred consideration of options an shares totalling $2.5-million, which had been agreed in a binding term-sheet, will be subject to a... 

Drilling at Connemara’s Mine River project returns strong results

By: Creamer Media Reporter      11th January 2018 Exploration firm Connemara Mining on Thursday reported on the results of recently drilled holes at its Mine River gold project, in Wicklow and Wexford in Ireland. The John Teeling-led company said three holes were drilled in December – one at the Tombreen target and two at Gibbet Hill. 

Indonesia hopes to finalise Freeport contract talks by June

By: Reuters     11th January 2018 Indonesia hopes to finalise contract talks with Freeport McMoRan over the Grasberg copper mine by June, although divestment issues are still unresolved, a mining ministry official said on Thursday. Indonesia and Freeport formed a framework agreement in August to transfer the company's rights to... 

Walkabout executes lithium exploration MoU in Namibia

By: Natasha Odendaal     11th January 2018 ASX-listed Walkabout Resources has executed a binding memorandum of understanding (MoU) with a local Namibian company for a staged earn-in to an exclusive prospecting licence that will expand the company’s current lithium exploration ground in that country. Walkabout, through its Namibian entity... 

Potash sampling confirms Carnegie potential

By: Megan van Wyngaardt     11th January 2018 Brine analysis results for an initial auger sampling programme completed at the Carnegie Potash Project (CPP), owned by Kalium Lakes Limited (KLL) and BCI Minerals (BCI), through their Carnegie joint venture (CJV), has returned potassium grades of up to 4 790 mg/L, which is equivalent to a... 

Port Hedland clearing out ships as Cyclone Joyce intensifies

By: Reuters     11th January 2018 Australia's Port Hedland iron-ore terminal expects to clear all remaining vessels from its harbour by 10:30 GMT as a safety measure after a tropical cyclone intensified off the nation's western coast on Thursday, Pilbara Ports Authority said. The port's biggest user, global mining giant BHP,... 

Alcoa Canada workers' union rejects contract offer

By: Reuters     11th January 2018 Unionised workers at Alcoa Corp's aluminium smelter in Becancour, Quebec rejected the company's latest contract offer. About 80% of the workers rejected the contract offer but the president of the local steelworker's union urged the company to continue negotiations. 

Output and exports from Colombia's Cerrejon coal mine fell in 2017

By: Reuters     10th January 2018 Production and exports at Cerrejon, Colombia's largest thermal coal mine, fell in 2017 for the third straight year as heavy rainfall affected operations, the mine's owners said on Wednesday. Output reached 31.9-million tonnes in 2017, 0.3% below the previous year. Exports totalled 31.7-million... 

eCobalt ships 3 t sample for pilot-scale testing

By: Henry Lazenby     10th January 2018 Project developer eCobalt Solutions has shipped a 3 t mineralised sample from its Idaho cobalt project (ICP) for pilot-level testing at Dundee Sustainable Technologies’ (DST’) facilities, in Quebec. The TSX-listed cobalt junior said on Wednesday that the testing will be done to further confirm... 

Barrick, Premier ink wide-ranging Nevada focused exploration, development pact

By: Henry Lazenby     10th January 2018 Gold major Barrick Gold has signed a comprehensive exploration and development agreement with Premier Gold Mines that include toll-milling and exploration earn-in options for both companies at the McCoy-Cove and Rye projects. Premier announced on Wednesday that, under the terms of the agreement,... 

Rio Tinto receives offer for aluminium smelter

By: Martin Creamer     10th January 2018 Diversified mining company Rio Tinto has received a binding offer from Liberty House to acquire Rio Tinto’s Aluminium Dunkerque smelter in northern France for $500-million. In accordance with French law, the London-listed company will launch a consultation process with employees, relevant... 

Rio Tinto receives offer for aluminium smelter
Rio Tinto Aluminium CE Alf Barrios

Avesoro reports strong production results

By: Anine Kilian     10th January 2018 Dual-listed West African gold producer Avesoro Resources has reported total yearly gold production for 2017 of 192 072 oz, well ahead of its production guidance of 70 000 oz to 80 000 oz. The company’s New Liberty gold mine in Liberia produced 25 563 oz of gold in the fourth quarter, a 29%... 

Silicosis trust has awarded quarter of R400m settlement to qualifying former mineworkers

By: Natasha Odendaal     10th January 2018 A trust formed in 2016 to compensate a group of former Anglo American South Africa and AngloGold Ashanti employees who suffer from silica-related illnesses, has already distributed about R102-million of a R395-million settlement. The Q(h)ubeka Trust was established in March 2016 following the... 

Centamin exceeds FY17 production guidance, aims for solid 2018 growth

By: Mia Breytenbach     10th January 2018 LSE- and TSX-listed Centamin achieved “a strong operational finish” to 2017, with the company’s Sukari mine, in Egypt, having produced 154 298 oz of gold in the fourth quarter, resulting in full-year gold production of 544 658 oz – exceeding guidance of 540 000 oz. “All sections of the mine... 

Rainbow starts drilling programme at Burundi project

By: Dylan Slater     10th January 2018 LSE-listed Rainbow Rare Earths has commenced a drilling programme at its Gakara project, in Burundi, which is aimed at supporting the mine plan for the currently productive areas of the licence and exploring the significant geological anomalies that were identified last year.  

Industry heavyweights praise State capture inquiry head appointment

By: Megan van Wyngaardt     10th January 2018 South African business and industry on Wednesday lauded the appointment of Deputy Chief Justice Raymond Zondo to head the commission of inquiry into State capture. This followed President Jacob Zuma's decision on Tuesday to appoint a commission of inquiry following an order issued by the North... 

Industry heavyweights praise State capture inquiry head appointment
Deputy Chief Justice Ray Zondo

Lithium at depth in Namibia – Montero 

By: Martin Creamer     10th January 2018 Significant concentrations of lithium mineralisation have been established in Namibia, where Montero Mining and Exploration has completed assaying historical drilling results.  The Toronto Venture Exchange-listed company announced on Wednesday that lithium-bearing mineralisation, found to be... 

Lithium at depth in Namibia – Montero
Photo by Duane Daws
Montero CEO Dr Tony Harwood

Liberty House makes binding offer for Rio Tinto's French aluminium smelter

By: Reuters     10th January 2018 Liberty House, the industrial arm of British steel tycoon Sanjeev Gupta's GFG Alliance, said on Wednesday it had made a binding offer for miner Rio Tinto's, aluminium smelter in Dunkerque, France, the largest in Europe. The group did not disclose an offer price but said the move was part of a... 

Liberty House makes binding offer for Rio Tinto's French aluminium smelter
Rio Tinto CEO Jean-Sebastien Jacques is moving to divest all but the company's best-performing units.

BCI Minerals signs MoU with Sinosteel to develop Buckland

By: Megan van Wyngaardt     10th January 2018 Australian iron-ore miner BCI Minerals has signed a non-binding memorandum of understanding (MoU) with Sinosteel Australia to support the development of BCI's 100%-owned Buckland project in the West Pilbara region. The project comprises proposed mines, a private haul road and a new port at Cape... 

SCA postpones silicosis class action hearing

By: Megan van Wyngaardt     10th January 2018 The ongoing silicosis and tuberculosis class action litigation against South African gold miners has been postponed, following a request by representative attorneys to the registrar at the Supreme Court of Appeal (SCA) to do so. The SCA has granted approval for the postponement. The joint letter... 

SCA postpones silicosis class action hearing

Bacanora expands Zinnwald potential with licence for previously mined deposit

By: Mariaan Webb     10th January 2018 Lithium developer Bacanora has been granted an exploration licence of the previously mined Falkenhaim lithium deposit, in Saxony, Germany. The licence is about 5 km from Bacanora’s 50%-owned Zinnwald lithium project and has the potential to increase the life of a mine at Zinnwald, the London-... 

Rosneft decides against bid for Alrosa's gas assets for now

By: Reuters     10th January 2018 Rosneft has decided against bidding for gas assets being sold by diamond miner Alrosa, at least for now, the Russian energy company said on Wednesday, saying the auction terms were unacceptable. The world's largest producer of rough diamonds plans to sell its gas assets in Russia's Yamalo-Nenets... 

Burkina Faso project acquisition opens multi-metal opportunity – Pegasus

By: Megan van Wyngaardt     10th January 2018 ASX-listed Pegasus Metals on Wednesday announced that it would buy Scorpion Minerals, which holds the rights to acquire up to a 70% joint venture (JV) interest in the Dablo palladium/platinum/gold/nickel/copper exploration project, located in Burkina Faso for A$360 000. This will be paid through... 

Burkina Faso project acquisition opens multi-metal opportunity – Pegasus

Port Hedland may clear ships as storm builds off Australia - port authority

By: Reuters     10th January 2018 essels may be cleared from Australia's Port Hedland, the world's biggest iron ore export terminal, as early as Thursday as a safety precaution because of a tropical storm, port manager Pilbara Ports Authority said on Wednesday. The authority said Port Hedland may commence the clearing of vessels... 

Tharisa enters 2018 with a bang

By: Martin Creamer     10th January 2018 The market fundamentals for chrome remain sound with continued growth forecast for the global stainless steel industry, Tharisa said on Wednesday, when it reported a strong operational performance in the three months to December 31. The Johannesburg Stock Exchange-listed chrome and platinum group... 

Tharisa enters 2018 with a bang
Tharisa CEO Phoevos Pouroulis

Plymouth advances feasibility study at San Jose

By: Megan van Wyngaardt     10th January 2018 After completing a successful $6.5-million capital raising in December, ASX-listed Plymouth Minerals has started the San Jose feasibility study, which it intends to complete during this year. To finalise the process of lodging the mining licence application (MLA), which earned Plymouth its... 

Stellar finds ‘attractive’ bolt-on for Heemskirk tin project

By: Megan van Wyngaardt     10th January 2018 Exploration and development company Stellar Resources has added to its portfolio of Tasmanian tin properties with the recent grant of an exploration licence at the Mount Razorback prospect. The licence is located 10 km to the east of Stellar’s Zeehan mineral resource, and has an unsealed road... 

Zuma setting up commission to look into allegations of State corruption

By: Reuters     10th January 2018 President Jacob Zuma said on Tuesday he will set up a commission of inquiry into allegations of influence-peddling, after a 2016 anti-graft report called for a judge to investigate any corruption in his government. Zuma was ordered to establish the inquiry within 30 days of a High Court ruling... 

Zuma setting up commission to look into allegations of State corruption
President Jacob Zuma

US producers seek to block Chinese aluminium shipped via Vietnam

By: Reuters     10th January 2018 US aluminium products makers sought new trade protections against Chinese imports on Tuesday, accusing China Zhongwang Holdings Ltd and its affiliates of evading US anti-dumping and anti-subsidy duties by shipping aluminium products through Vietnam. In a filing with the US Commerce Department,... 

Codelco to amend Andina mine plan to avoid glaciers

By: Henry Lazenby     10th January 2018 The world’s largest copper producer, Chile’s State-run Codelco, has submitted an environmental impact assessment (EIA) to local authorities proposing a $250-million buildout designed to reduce the impact of glaciers at the large openpit operation. Located about 80 km northeast of Santiago in... 

Codelco to amend Andina mine plan to avoid glaciers
Photo by Codelco
Codelco's Andina mine, Chile

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