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Mining News

Tharisa expands its presence in Zim with acquisition of Karo stake

By: Simone Liedtke     13th June 2018 JSE-listed Tharisa has acquired a 26.8% shareholding in Karo Mining Holdings for $4.5-million. Karo Mining, in March, reached an agreement with the Zimbabwe government to establish a platinum group metals (PGM) mine, concentrators, smelters, a base metal and precious metals refinery and power... 

Weatherly increases Carn ownership to 90%

By: Marleny Arnoldi     13th June 2018 Aim-listed copper miner Weatherly International has received regulatory approval from the Namibian Competition Commission for its acquisition of a further 65% interest in China Africa Resources Namibia (Carn) from Hong Kong East China Non-Ferrous Mineral Resources.  

Ball set rolling for development of India’s largest coal block in West Bengal

By: Ajoy K Das     13th June 2018 The ball has been set rolling for development of the Deocha-Pachami coal block, which at an estimated two-billion tons of coal is India’s largest. The block has been allocated to the government of West Bengal for development and production from the asset. 

Russian federal agencies give go-ahead for second Eurasia Mining project

By: Marleny Arnoldi     13th June 2018 Aim-listed platinum group metals (PGM) and gold miner Eurasia Mining has received approval from the Russian Federal Securities Board and the Ministry of Defence for its Monchetundra project, in the Kola Peninsula.  

Glencore’s Katanga resolves debt dispute with Gécamines

By: Marleny Arnoldi     13th June 2018 Diversified miner Glencore’s Katanga Mining subsidiary has settled its legal dispute with Democratic Republic of Congo (DRC) State-owned trading and mining company La Générale des Carrières et des Mines (Gécamines).  

Glencore’s Katanga resolves debt dispute with Gécamines
Machinery is seen at the Gecamines' copper plant in Kambove.

Ariana studies viability of Kizilcukur as satellite source for Kiziltepe

By: Creamer Media Reporter      13th June 2018 Turkey-focused Ariana Resources has launched a revised economic study to consider the viability of mining and trucking the ore from its Kizilcukur project to the Kiziltepe mine for processing. The 100%-owned Kizilcukur project falls outside the Red Rabbit Joint Venture with Proccea Construction,... 

Eramet ups MDL offer

By: Esmarie Swanepoel     13th June 2018 French suitor Eramet has increased its offer for ASX-listed Mineral Deposits (MDL) from A$1.46 a share to A$1.75 a share, increasing MDL’s valuation from A$291-million to A$322-million. Eramet told MDL shareholders that the increased offer, which would close on July 13, would not be increased in... 

Canadian junior opens Empire State zinc mine

By: Mariaan Webb     13th June 2018 Canadian zinc junior Titan Mining on Tuesday officially reopened the historic Empire State zinc mine, in the US, at a ceremony attended by company director George Pataki, who is the former Governor of the New York state. The mine, which has more than 100 years of previous operating history, was... 

Canadian junior opens Empire State zinc mine
George Pataki (former Governor of New York state and Titan director), Austin Juillet (miner trainee), Keith Boyle (Titan COO), Judge Eugene Nicandri (NYPA board of trustees vice chairman), Gil Quiniones (NYPA president and CEO), Darrel Johnson (miner trainer), Alex Arbogast (miner trainee).

Mining companies combating malaria scourge – ICMM

By: Martin Creamer     13th June 2018 Mining companies are taking firm steps to help combat the scourge of malaria, which affects 3.3-billion people worldwide and kills a child every 30 seconds. International Council for Mining and Metals (ICMM) health, safety and product stewardship director John Atherton reports that: 

Mining companies combating malaria scourge – ICMM
International Council for Mining and Metals (ICMM) health, safety and product stewardship director John Atherton.

Battery Minerals defers first shipment as RCF withdraws $30m funding

By: Esmarie Swanepoel     13th June 2018 ASX-listed Battery Minerals has deferred first graphite shipments from its Montepuez graphite project, in Mozambique, after Resource Capital Fund (RCF) terminated a $30-million debt and equity funding agreement. RCF told Battery Minerals that despite the first-phase due diligence being completed... 

Hancock Prospecting discloses nearly 20% stake in Atlas Iron

By: Reuters     13th June 2018 Australian billionaire Gina Rinehart's Hancock Prospecting group of companies disclosed on Wednesday a 19.96% stake in Atlas Iron, heating up the race for the small iron-ore miner. Hancock Prospecting Pty Ltd holds a 14.97% stake in Atlas, while Hancock's unit Redstone Corporation will have a... 

Australia seeks to reverse mineral discovery drought

By: Esmarie Swanepoel     13th June 2018 The federal government has called on junior miners to take up the Junior Mineral Exploration Incentive (JMEI) as Australia faced a drought of major mineral discoveries. Speaking at the Association of Mining and Exploration Companies (Amec) Convention, in Perth, Resources Minister Matt Canavan... 

Australia seeks to reverse mineral discovery drought
Photo by David Broadway
Mines Minister Matt Canavan

Oz extends Avanco offer, gains majority share

By: Esmarie Swanepoel     13th June 2018 Copper miner Oz Minerals has extended its takeover period for fellow-listed Avanco Resources to July 6, after gaining a 73.9% foothold in the takeover target. Oz Minerals said on Wednesday that acceptances and acceptance instructions have been received from all of Avanco’s major shareholders,... 

Search for fifth miner continues at Sibanye Kloof mine

By: African News Agency      13th June 2018 The search for the fifth mineworker trapped underground continues at Sibanye-Stillwater Kloof mine, the company said on Wednesday.  Sibanye confirmed late Tuesday that the body of a fourth worker had been retrieved from the abandoned stope ore pass by the specialised proto teams after it was... 

Kibaran progresses Epanko

By: Esmarie Swanepoel     13th June 2018 ASX-listed Kibaran Resources is progressing the development of its Epanko graphite project, in Tanzania, signing a non-binding letter of intent with GR Engineering Services to negotiate an early works agreement, and ultimately an engineering, procurement and construction (EPC) contract for the... 

Pilgangoora concentrator starts commissioning

By: Esmarie Swanepoel     13th June 2018 Lithium developer Pilbara Minerals has started commissioning of the concentrator at its Pilgangoora lithium/tantalum project, in Western Australia. First ore will be introduced to the fines production concentrate circuit with the coarse production circuit following in the coming weeks. 

Black Mountain step change takes effect

By: Esmarie Swanepoel     13th June 2018 Junior Black Mountain Resources has completed its restructure, disposing of its interest in the Namekara vermiculite mine, and changing its name to Hipo Resources. Black Mountain in February this year flagged a change in direction to focus on its lithium farm-in agreement in the Democratic... 

AuStar takes ownership of Rose of Denmark

By: Esmarie Swanepoel     13th June 2018 Gold junior AuStar Gold has taken full ownership of the Rose of Denmark gold project, in Victoria. The company told shareholders that it had acquired the remaining 51% interest of the mining license that holds the project, from Shandong Tianye Real Estate Development Group for A$225 000 in... 

Global Geoscience raises A$53m for Nevada project

By: Esmarie Swanepoel     13th June 2018 ASX-listed Global Geoscience was hoping to raise A$53-million through a fully underwritten institutional share placement to fully fund its Rhyolite Ridge lithium-boron project, in the US, through to a mine development decision in late 2019. The company said on Wednesday that it will place... 

BCI weighing options at Mardie

By: Esmarie Swanepoel     13th June 2018 ASX-listed BCI Minerals was looking at development options for its Mardie salt and sulphate of potash (SOP) project, which could include a joint venture or a spin-out. BCI’s GM for iron-ore and industrial minerals, Steve Abbott told delegates at the Association of Mining and Exploration... 

Inca One reports record output in May

By: Creamer Media Reporter      13th June 2018 Canadian minerals processor Inca One has had its best-month ever in May, producing 1 531 oz in the month, compared with 765 oz in May last year. The company, which produces gold from processing purchased minerals in Peru, achieved an average throughput of 110 t/d in May, a 114% year-on-year... 

Brazil court rejects Alunorte bid to overturn forced output cuts

By: Reuters     12th June 2018 A court in the Brazilian state of Para denied a bid by Norsk Hydro ASA to appeal the partial suspension of bauxite refining operations at its Alunorte unit in another blow to the world's largest alumina refinery. In February, the court in Para, where the Alunorte refinery is located, ordered the... 

Brazil pension fund Funcef still considering sale of Vale stake

By: Reuters     12th June 2018 Brazilian pension fund Funcef is still considering whether to sell its stake in mining company Vale SA but sees no immediate urgency to do so, its director Paulo Werneck said on Tuesday, as funds try to avoid putting pressure on Vale shares. Speaking to journalists on the sidelines of a... 

Tethyan granted new exploration permit in Kosovo

By: Creamer Media Reporter      12th June 2018 Base metals explorer Tethyan Resources has been granted a new exploration licence in the north-eastern part of the Trepca lead/zinc mining district of Kosovo. The 75 km2 licence, named Bistrice, is valid for three years, with an option to extend that up to three times for a period of two years... 

Positive PEA indicates viability of Firesteel’s Laiva mine

By: Marleny Arnoldi     12th June 2018 TSX-V-listed Firesteel Resources on Tuesday announced the positive results of a preliminary economic assessment (PEA) at the company’s Laiva gold mine, in Finland.  

Bluebird to acquire another Australian cobalt project

By: Anine Kilian     12th June 2018 TSX-listed Bluebird Battery Metals has entered into a binding letter of intent to acquire 100% of the rights, title and interest in the granted exploration licences of the Ashburton cobalt project, in Western Australia.   “A key reason we selected the Ashburton project, other than the style and... 

Brazil overhauls decades-old mining law to lure investment

By: Reuters     12th June 2018 Brazil's President Michel Temer issued two decrees on Tuesday overhauling 50-year-old mining laws in attempt to draw investment to the sector and implementing rules on the collection of higher mining royalties. The changes to the 1967 mining code include measures to allow for mining titles to be... 

Tahoe’s Clayton passes baton to James Voorhees

By: Mariaan Webb     12th June 2018 Precious metals miner Tahoe Resources has appointed mining engineer and founding director James Voorhees as its new president and CEO, succeeding Ronald Clayton, who is retiring on Friday. Voorhees has been a director of the company since its inception in 2010 and he will remain on the board... 

Project could extend Alaska mine’s life by 6yrs – Kinross

By: Marleny Arnoldi     12th June 2018 TSX-listed Kinross Gold has decided to proceed with the Gilmore expansion project at its Fort Knox mine, in Alaska.  

Project could extend Alaska mine’s life by 6yrs – Kinross
The Fort Knox mine, in Alaska

Stratex partners with Cameroonian company to advance gold exploration projects

By: Marleny Arnoldi     12th June 2018 Aim-listed Stratex International has entered into a conditional option agreement with a well-established Cameroonian company to acquire up to a 90% interest in two early-stage gold exploration projects, Bibemi and Wapouzé, in north Cameroon.  

Metal Tiger, MOD strike more copper in Botswana with regional drilling programme

By: Marleny Arnoldi     12th June 2018 Aim-listed mining investment company Metal Tiger has reported progress at its joint venture project with ASX-listed MOD Resources in the Kalahari copperbelt, in Botswana.  

Cleveland-Cliffs exits Australian iron-ore

By: Mariaan Webb     12th June 2018 Iron-ore pellet producer Cleveland-Cliffs has reached the final step in the implementation of its US iron-ore-centric strategy with the announcement on Tuesday that it would sell its Australian iron-ore business. The Cleveland, Ohio-based firm has reached an agreement with Australian mining... 

Cleveland-Cliffs exits Australian iron-ore

AngloGold maintains option for Nevada earn-in

By: Creamer Media Reporter      12th June 2018 TSX-V-listed Renaissance Gold, which has based is business model on joint ventures, has received a $200 0000 payment from gold major AngloGold Ashanti to maintain an option to earn into the Silicon gold project in the Bare Mountains of Nevada, US. In its first year of exploration, AngloGold has... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins

By: Martin Creamer     12th June 2018 South Africa has succeeded in creating a meticulous set of mineral reporting codes that continue to gain international recognition. The South African Mineral Reporting Codes (Samcodes), which protect investors, are currently so highly regarded that in October South Africa will host a large... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins
Photo by Dylan Slater
Samcodes standards committee chairperson Matt Mullins (left) and Mining Weekly Online's Martin Creamer

Angola's top diamond mine says underpricing has cost it almost $500m

By: Reuters     12th June 2018 Angola's Catoca, the world's fifth largest diamond mine, estimates it lost $464-million over the past six years due to a government-imposed marketing system that obliged it to sell production below international prices, a company presentation seen by Reuters showed. The figure was presented... 

Rio appoints replacement for Lynch

By: Esmarie Swanepoel     12th June 2018 Mining major Rio Tinto has appointed Jakob Stausholm as CFO, succeeding Chris Lynch who will stand down from the board on September 3, and who will retire from Rio on September 30. Stausholm recently stepped down as group CFO of AP Moller-Maersk, and will join Rio as an executive director on... 

Stanmore extends Isaac Plains with Peabody deposit buy

By: Esmarie Swanepoel     12th June 2018 Coal miner Stanmore Coal has struck a A$30-million deal with Peabody Australia to acquire the Wotong South coking coal deposit, which is located adjacent to Stanmore’s Isaac Plains project, in Queensland. In addition to the A$30-million cash price, Stanmore has also agreed to a production-based... 

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