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Mining News

Vale says recent dip in global steel prices is temporary

By: Reuters     6th December 2018 Brazil's Vale, the world's largest iron ore miner, said on Thursday a recent dip in global steel prices is temporary due to overproduction in China ahead of winter output cuts. Vale CEO Fabio Schvartsman told investors in London that global capacity utilisation in the steel sector has risen to... 

Newmont provides updated 2019 forecast

By: Mariaan Webb     6th December 2018 Newmont Mining expects to produce 5.2-million ounces of gold in 2019, and 4.9-million ounces in 2020, the US-based miner reported on Thursday. The updated guidance is at the midpoint of its previous range of 4.9-million ounces to 5.4-million ounces for 2019. 

Newmont provides updated 2019 forecast

Gamsberg to trigger new wave of industrial development in Northern Cape 

By: Simone Liedtke     6th December 2018 In the lead-up to achieving its production target of 600 000 t/y, diversified miner Vedanta's Northern Cape-based Gamsberg zinc mine is ready to launch Phase 1. After having been in development for three years by Vedanta's Zinc International division, the $400-million Gamsberg development forms... 

 Gamsberg to trigger new wave of industrial development in Northern Cape

Gold-backed ETFs up on stock volatility in November

By: Reuters     6th December 2018 Gold-backed exchange-traded funds (ETFs) registered inflows in all the world's major regions in November, as volatile stock markets fueled flight-to-safety buying, the World Gold Council said on Thursday. North American funds had inflows of $352.7-million while European funds posted inflows of... 

Iamgold to start 3 000 m drilling programme at Senegal project

By: Marleny Arnoldi     6th December 2018 Iamgold Corporation will start a 3 000 m reverse circulation drilling programme targeting three main zones at the Dalafin gold project, in Senegal, in which Aim-listed Oriole Resources, formerly Stratex International, holds an 85% interest. Iamgold has the option to spend $8-million in... 

Resources Watch  

6th December 2018 Gold One launches R100m plant expansion project; Overly prescriptive policies threaten mine profitability; and, Zest WEG Group delivers R200m electrical infrastructure solution at Petra’s Cullinan diamond mine 

Resources Watch
Resources Watch

Ferrexpo shareholders rewarded with special dividend

By: Creamer Media Reporter      6th December 2018 London-listed Ferrexpo has rewarded its shareholders with a special interim dividend of 6.6c a share, as premiums for high-quality iron-ore pellets remain high. The company has generated sufficient cash to reduce its debt and to fund its capital expenditure requirements, it said on Thursday,... 

Pioneering nickel sulphate venture draws down on loan 

By: Martin Creamer     6th December 2018 Black-controlled Thakadu Battery Materials, a pioneering South African high-purity battery-grade nickel sulphate developer, has made its first drawdown from South Africa’s State-owned Industrial Development Corporation (IDC) under a R152-million loan facility agreement. The IDC loan is funding... 

Pioneering nickel sulphate venture draws down on loan
Thakadu Battery Materials CEO Ruli Diseko

Alphamin draws down last of its credit facility to start tin production at Bisie

By: Marleny Arnoldi     6th December 2018 TSX-V- and AltX-listed Alphamin Resources’ 80.75%-owned subsidiary, Alphamin Bisie Mining (ABM), which is based in the Democratic Republic of Congo (DRC), has received all approvals required to draw down the final $20-million of its $80-million credit facility. ABM expects to receive the funds,... 

Peru rejects EIA for Sierra Metals’ Yauricocha expansion

By: Mariaan Webb     6th December 2018 Toronto-headquartered Sierra Metals is facing a delay at its Yauricocha tailings expansion project, following the rejection of the environmental impact assessment (EIA) study for the deposition facility. An approved EIA is required for a construction permit for the next three phases of the... 

Vale to buy mid-sized iron miner Ferrous Resources

By: Reuters     6th December 2018 razilian miner Vale, the world's top nickel producer, is acquiring the control of Ferrous Resources, its controlling shareholder Icahn Enterprises said in a securities filing. Ferrous, which explores iron-ore, will merge into a company controlled by Vale, the filing said, and will be valued at... 

McEwen raises cash for next year’s exploration programme

By: Creamer Media Reporter      6th December 2018 Precious metals miner McEwen Mining has announced a bought deal private placement offering to raise $15-million to fund its 2019 exploration programme in the Timmins region of Canada. The company is issuing 2% of its currently outstanding shares at $2.26 a share (C$3.02), representing a premium... 

Kefi progresses Tulu Kapi development

By: Natasha Odendaal     6th December 2018 Aim-listed Kefi Minerals is advancing activities at its Tulu Kapi gold project, in Ethiopia, at a significant pace, with project equity investor ANS Mining Share also planning to release funds for the project by month-end. The gold and copper exploration and development company has accelerated... 

Glass Lewis, Livermore back Paulson's Detour Gold proxy fight

By: Reuters     6th December 2018 Independent proxy adviser Glass Lewis and hedge fund Livermore Partners on Wednesday joined activist investor Paulson & Co's call to make changes to the board of Canadian miner Detour Gold. Glass Lewis recommended replacing Detour chairman Alex Morrison and two other board members with Paulson... 

Teck announces senior appointments

By: Creamer Media Reporter      6th December 2018 Canadian major Teck Resources has announced the appointment of seven people to vice president positions. Greg Brouwer is VP of technology and innovation, Amparo Cornejo is VP for Chile sustainability and corporate affairs, Chris Dechert is VP for South America, Sepanta Dorri is VP for corporate... 

Mason Graphite outlines new economics for Lac Guéret

By: Mariaan Webb     6th December 2018 Canadian graphite mining hopeful Mason Graphite has updated the economics for the Lac Guéret graphite project, in north-eastern Quebec, following a new capital expenditure (capex) estimate. The company, at the end of October, increased the capex estimate for the graphite project to... 

Mason Graphite outlines new economics for Lac Guéret

Opinion: More conversations needed to confront the violence of mining in South Africa

6th December 2018 In this opinion article Mapungubwe Institute for Strategic Reflection’s Dr Salimah Valiani argues that only in identifying, embracing and engaging in the heated debates underlying the tensions in South African mining can the country move on collectively from violence to a shared vision of the... 

Opinion: More conversations needed to confront the violence of mining in South Africa
Mistra senior researcher Dr Salimah Valiani

Seven Anglo employees make top 100 women in mining list

By: Marleny Arnoldi     6th December 2018 Seven female Anglo American employees made it onto the Women in Mining’s annual 100 Global Inspirational Women in Mining list. The judging panel found that Anglo subsidiary De Beers Consolidated Mines Deputy CEO Mpumi Zikalala and Anglo subsidiary Kumba Iron Ore Kolomela mine overseer Dineo... 

Seven Anglo employees make top 100 women in mining list
De Beers Consolidated Mines Deputy CEO Mpumi Zikalala

AfriTin marks first ore to plant at Namibia mine  

By: Tasneem Bulbulia     6th December 2018 Tin mining company AfriTin on Wednesday moved the first ore to plant at its Uis tin mine, in Namibia, setting the company on its way to reaching its goal of re-establishing the country as a major player in the tin mining industry. The company also undertook a blast at a targeted area of the mine... 

AfriTin marks first ore to plant at Namibia mine

West African completes A$34.2m raise

By: Esmarie Iannucci     6th December 2018 ASX-listed gold developer West African Resources has successfully completed a A$43.2-million capital raise. The company on Thursday announced that 172.7-million new shares will now be issued, at a price of 25c each. 

Panoramic settles Lanfranchi sale

By: Esmarie Iannucci     6th December 2018 ASX-listed Panoramic Resources has completed the A$15.1-million sale of the Lanfranchi nickel project, in Western Australia, to privately held Black Mountain Metals. The two companies in September struck an agreement for the divestment of the Lanfranchi asset, which was placed under care and... 

Danakali secures mandate for Colluli debt

By: Esmarie Iannucci     6th December 2018 Potash developer Danakali has executed a mandate for $200-million debt financing to fund the construction and development of the Colluli potash project, in Eritrea. The ASX and LSE-listed company on Thursday told shareholders that African Export-Import Bank and Africa Finance Corporation will... 

Genesis raises funds for Ulysses drilling

By: Esmarie Iannucci     6th December 2018 Gold developer Genesis Minerals has raised A$5-million through a share placement to fund ongoing resource drilling at its Ulysses gold project, in Western Australia, in an effort to expand the project. The company will issue up to 178.57-million new shares, at a price of 2.8c each, to... 

New mine plan ups Gruyere production to 300 000 oz/y

By: Esmarie Iannucci     6th December 2018 The Gruyere gold mine, in Western Australia, is expected to deliver higher production levels than initially estimated, joint venture (JV) partners Gold Fields and Gold Road Resources said on Wednesday. In an updated mine plan, the JV partners increased the average production from 270 000 oz/y... 

New mine plan ups Gruyere production to 300 000 oz/y

Rio restarts New Zealand potline

By: Esmarie Iannucci     6th December 2018 Diversified miner Rio Tinto on Wednesday re-opened Potline 4 at its New Zeland Aluminium Smelter (NZAS), on the South Island. The company and its joint venture partner Sumitomo invested some $4.1-million over the last year to upgrade and restart the potline, adding 31 000 t of production capacity. 

Paladin optimising Langer Heinrich for potential restart

By: Esmarie Iannucci     6th December 2018 ASX-listed Paladin Energy has launched optimisation studies at its Langer Heinrich uranium mine, in Namibia, in preparation for a restart decision. CEO Scott Sullivan told shareholders on Thursday that the company would consider multiple processing options for the mine in a prefeasibility study... 

Paladin optimising Langer Heinrich for potential restart

DoE seeks comment on proposed revisions to fuel-price formula 

By: Terence Creamer     5th December 2018 The Department of Energy (DoE) is calling for comment on a discussion document it has compiled following a review the basic fuel price (BFP) structure for petrol, diesel and illuminating paraffin. The BFP formula has been employed to calculate the prices of petroleum products produce at South... 

DoE seeks comment on proposed revisions to fuel-price formula

Investment Battlefield competition seeks next big investment opportunity

By: Simone Liedtke     5th December 2018 Investing in African Mining Indaba is set to host its third Investment Battlefield competition during its twenty-fifth edition of the event from February 4 to 6, 2019. Event organisers are looking for sub-Saharan Africa’s most promising mining companies with a market capitalisation of $50-million... 

EVs to become main driver of battery storage deployment over next decade, says Fitch Solutions

By: Simone Liedtke     5th December 2018 The electric vehicle (EV) market is set to become the main driver of surging battery storage deployment over the next decade, following increasing ambitions by developed and emerging markets to decarbonise their transport sectors, and will have a substantial disruptive effect on how energy is... 

Springs-based fuel cell SEZ approved  

By: Nadine James     5th December 2018 The special economic zone (SEZ) for fuel cell development, proposed for development by the Gauteng Industrial Development Zone initiative and Impala Platinum (Implats), has been approved, Implats fuel cell coordinator Fahmida Smith told attendees at the International Partnership for Hydrogen and... 

Innovate and generate cash at same time – Dassault Systèmes Geovia  

By: Martin Creamer     5th December 2018 The objectives of innovating and generating cash are not mutually incompatible and can be achieved at multiple levels simultaneously, says Dassault Systèmes Geovia Brand CEO Raoul Jacquand, who was in Johannesburg to showcase the French company’s suite of advanced three-dimensional (3D) software.... 

Innovate and generate cash at same time – Dassault Systèmes Geovia
Dassault Systèmes Geovia Brand CEO Raoul Jacquand spoke to Mining Weekly Online’s Martin Creamer on new mining technology. Video: Christo Greyling. Photogaphs: Creamer Media Chief Photographer Dylan Slater.

Singida project economics estimate 26 000 oz/y of production, IRR of 67%

By: Marleny Arnoldi     5th December 2018 Aim-listed Shanta Gold has determined that openpit mining at its Singida gold mine, in Tanzania, will be capable of producing an average 26 000 oz/y for six years. The company expects to increase its total gold production from all operations to more than 100 000 oz/y from 2020.  

Exploration surges in Queensland

By: Esmarie Iannucci     5th December 2018 Queensland is experiencing a resurgence in exploration investment across all commodities, a new report from the Queensland Exploration Council (QEC) has shown. The annual QEC Exploration Scorecard found coal exploration has increased for the first time since 2011/12, going up by 27%, while... 

Brazil prosecutors say Petrobras received bribes from Glencore, Trafigura and Vitol

By: Reuters     5th December 2018 Brazil prosecutors alleged on Wednesday that employees at State-owned oil company Petroleo Brasileiro received bribes from trading giants Vitol, Trafigura and Glencore in return for business. Prosecutors said the companies bribed employees at Petrobras, as the Brazilian State oil company is... 

Congo mining revenues jump 147% in first 9 months

By: Reuters     5th December 2018 Democratic Republic of Congo (DRC) collected $1.21-billion in revenues from its mining sector over the first nine months of 2018, an increase of 147.4% over the same period last year, finance ministry data showed. Revenues from the hydrocarbons sector rose 1.4% over that same period to... 

Brazil launches new mining regulator in twilight of Temer govt

By: Reuters     5th December 2018 Brazil launched on Wednesday a new mining regulator aimed at cleaning up its slow permitting process, in an 11th-hour victory for outgoing President Michel Temer's reform agenda. The National Mining Agency (ANM) will replace the previous National Department of Mineral Production (DNPM). The... 

Petra, BEE partner conclude sale of KEM JV stake to Ekapa Mining

By: Marleny Arnoldi     5th December 2018 LSE-listed Petra Diamonds on Wednesday announced the completion of the sale of its and its black economic empowerment partner’s 75.9% interest in the Kimberley Ekapa Mining joint venture (KEM JV) for R300-million to JV partner Ekapa Mining. The KEM JV incorporates the Kimberley underground... 

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