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Mining News

Atalaya fine tunes copper guidance on record Q3 output

By: Mariaan Webb     12th October 2017 Record third-quarter production from the Proyecto Riotinto mine, in Andalucía, Spain, has prompted Atalaya Mining to fine tune its copper production guidance for 2017. The mine boosted its September-quarter production by 18% to a record 10 679 t of copper in concentrate, as copper head grade and... 

Tullow buys 90% stakes in four onshore blocks in Côte d'Ivoire

By: Reuters     12th October 2017 Tullow Oil said it on Thursday it had bought 90% stakes in four onshore blocks in Côte d'Ivoire while state oil company Petroci holds the remaining 10%. The four blocks cover 5 035 km2 and are located on the coast, mostly to the west of Abidjan. 

Alrosa to auction large rough diamonds in Vladivostok

By: Creamer Media Reporter      12th October 2017 Russian diamond major Alrosa said on Wednesday that it would put up for sale 1 170 ct of large rough diamonds at an auction in Vladivostok later this month. The diamonds all weigh more than 10.8 ct each and would be sold in 72 gem-quality lots. The largest diamond weighs 47.55 ct. 

MMG seeking M&A in copper, zinc, other commodities - CEO

By: Reuters     12th October 2017 MMG Ltd, the international mining unit of state-owned China Minmetals Corporation has become China's preferred developer of overseas projects and is looking at acquisitions beyond its core strengths of copper and zinc, MMG's chief executive said. As well as actively looking for copper and zinc... 

Acacia's gold production hit by Tanzania's export ban

By: Reuters     12th October 2017 London-listed gold miner Acacia Mining reported on Thursday a drop in production over the last three months, hit by work permit issues and reduced operations at its main Tanzanian mines. Acacia is caught up in a dispute with the Tanzanian government which banned the export of unprocessed minerals... 

Western Australia says $220m Tronox expansion on the cards

By: Esmarie Swanepoel     12th October 2017 The Western Australian government has amended a state agreement with US-based Tronox that would allow the company to pursue growth opportunities at its mineral sands projects. Tronox operates a heavy mineral sands mine at Cooljarloo, dry processing and synthetic rutile plants near Muchea and a... 

Western Australia says $220m Tronox expansion on the cards

Regis reports another record quarter

By: Esmarie Swanepoel     12th October 2017 Gold miner Regis Resources has reported another record quarter for production, producing 91 921 oz of gold during the three months to September at its Duketon project, in Western Australia. This was up from the 90 428 oz produced in the previous quarter, and was at the upper-end of the annual... 

Millennium on track for full year targets

By: Esmarie Swanepoel     12th October 2017 ASX-listed gold miner Millennium Minerals told shareholders on Thursday that the company was on track to achieve its full year production targets after another solid quarter from its Nullagine mine, in Western Australia. The Nullagine operation delivered 16 007 oz of gold during the three months... 

Empire estimates A$2m from first Penny's Find ore

By: Esmarie Swanepoel     12th October 2017 The first processing campaign at the Penny’s Find gold project has been completed, with about 1 500 oz expected from 21 710 t of ore. ASX-listed Empire Resources on Thursday told shareholders that the campaign was expected to generate well over A$2-million worth of gold. 

Whitehaven sees higher thermal prices

By: Esmarie Swanepoel     12th October 2017 Coal miner Whitehaven Coal has reported a 5% increase in run-of-mine (ROM) coal production and a 14% increase in saleable coal production for the three months to September, compared with the previous corresponding period. The company on Thursday announced that ROM coal production for the... 

Kangala reserve increased by 23.6Mt

By: Esmarie Swanepoel     12th October 2017 South Africa-focused coal miner Universal Coal has reported a 23.65-million increase in the ore reserve at its Kangala operation. The Kangala operation is estimated to host an ore reserve of 35.94-million tonnes, with the hike resulting from the completion of a prefeasibility study on the... 

Kangala reserve increased by 23.6Mt

Nifty reserves increase by 55%

By: Esmarie Swanepoel     12th October 2017 Ore reserves at the Nifty copper mine, in Western Australia, have increased by 55%, representing an additional 84 000 t of copper, ASX-listed Metals X reported on Thursday. The total ore reserve at Nifty is reported at 13.9-million tonnes, grading 1.71% copper for 237 500 t of contained copper,... 

Peak tweaks Ngualla economics

By: Esmarie Swanepoel     12th October 2017 Rare earths developer Peak Resources has refined the economics of its Ngualla project, in Tanzania, to include process optimisation studies and the latest rare earth pricing trends. Based on the latest rare earths prices, Peak has decreased the expected post tax net present value from the... 

Pretium makes progress with Brucejack ramp-up

By: Henry Lazenby     12th October 2017 British Columbia gold miner Pretium Resources continues with the ramp-up of its flagship Brucejack mine, which produced 82 203 oz of gold in the three months ended September 30. The Vancouver-headquartered company on Wednesday said the gold recovery rate had averaged 96.49% during the period,... 

Zinc deficit grows 30% in first eight months of 2017; lead narrows gap – ILZSG

By: Henry Lazenby     11th October 2017 The zinc supply gap has widened by 30% year-on-year for the first eight months of this year, new data published by the International Lead and Zinc Study Group (ILZSG) shows. The Lisbon, Portugal-based organisation on Wednesday said the zinc deficit had grown from 221 000 t over the same... 

Zinc deficit grows 30% in first eight months of 2017; lead narrows gap – ILZSG

Leagold continues to lift Los Filos production

By: Henry Lazenby     11th October 2017 Gold miner Leagold Mining has produced 47 766 oz of gold at its flagship Los Filos mine, in Mexico, during the third quarter ended September 30 – a 4% increase over the prior quarter. The Vancouver-based company announced on Wednesday that the mine had produced 137 749 oz of gold during the nine... 

Thor Mining upbeat on Nevada tungsten project after price rally

By: Reuters     11th October 2017 Thor Mining hopes to capitalise on a 50% rise in tungsten prices to nurture a discovery in the U.S. state of Nevada and bring online a more advanced project in Australia, its chairman said. 

Chile expects moderate rise in copper price – mining minister

By: Reuters     11th October 2017 World top copper producer Chile expects a moderate increase in the annual average price of the metal through the remainder of 2017, but that would not be enough to push it above $3/lb for the entire year, Mining Minister Aurora Williams said on Wednesday. The price of copper has risen... 

Integra quick to outline inferred resource at DeLamar mine, Idaho

By: Henry Lazenby     11th October 2017 Junior explorer Integra Resources has outlined a new inferred resource at the DeLamar gold/silver mine, in southern Idaho, saying it is a critical first step on an 18- to 24-month journey to develop the brownfield project. “There is appetite in the market for new stories right now. DeLamar has... 

Integra quick to outline inferred resource at DeLamar mine, Idaho
Photo by Integra Resources
Integra Resources president and CEO George Salamis

Fekola in business as it pours first gold 3 months ahead of schedule

By: Henry Lazenby     11th October 2017 Canadian intermediate miner B2Gold has poured the first gold at its new Fekola gold mine, in south-West Mali. The pour, on October 7, was about three months ahead of schedule, with B2Gold reporting that commissioning of the mill is ongoing and commercial production is expected by the end of this... 

Fekola in business as it pours first gold 3 months ahead of schedule
Photo by B2Gold
B2Gold's Fekola project under construction, in Mali

CoM shows off potential of rooftop agriculture in Johannesburg inner city

By: Ilan Solomons     11th October 2017 The Chamber of Mines (CoM) on Wednesday hosted the launch of the Urban Agriculture Initiative, which is aimed at creating a vibrant urban agricultural ecosystem by “innovatively” repurposing disused rooftops and making use of hydroponics and aquaponics to produce agricultural produce for... 

CoM shows off potential of rooftop agriculture in Johannesburg inner city
Photo by Chamber of Mines
The Chamber of Mines is participating in and has funded a pilot project to assess the feasibility of growing herbs and vegetables on the rooftops

Areva's Niger uranium mines to cut staff, slash production – union

By: Reuters     11th October 2017 French uranium mining and nuclear fuel group Areva NewCo's two uranium mines in Niger will cut staff and output in the face of falling uranium prices, a local union leader said on Wednesday. The state-owned company runs the open-cut Somair mine outside the northern, desert town of Arlit and the... 

South Africa should consider agromining – US professor 

By: Martin Creamer     11th October 2017 South Africans, who have been mining for metals for more than a century, were this week urged to farm for metals. South African-born Stephen Haggerty, a distinguished research professor of Florida International University in the US who spoke to Mining Weekly Online while in Johannesburg, outlined... 

South Africa should consider agromining – US professor
Florida International University distinguished research professor Stephen E Haggerty talks to Mining Weekly Online’s Martin Creamer on the potential to farm for metals. Photographs: Duane Daws. Video and Video Editing: Lionel de Silva.

Altus sets out intention to buy Legend Gold

By: Ilan Solomons     11th October 2017 Africa-focused exploration project generator Altus Strategies has signed a nonbinding letter of intent to buy gold exploration company Legend Gold Corp – a TSX-V-listed company with a portfolio of gold projects in Mali. Aim-listed Altus plans to acquire a 100% interest in Legend and is offering... 

Altus sets out intention to buy Legend Gold
Photo by Legend Gold Corp
The Diba gold resource, on the Korali Sud licence, includes intersections of 5.36 g/t gold over 13 m and 13.88 g/t gold over 8 m

MPs dismayed as chief procurement officer silent on Eskom contracts

By: African News Agency      11th October 2017 Acting chief procurement officer Willie Mathebula apologised to Parliament’s standing committee on finance on Wednesday for giving a “sub-standard presentation” after members expressed dismay that he claimed no direct knowledge of the withdrawal of a damning report on Eskom’s coal contracts with... 

MPs dismayed as chief procurement officer silent on Eskom contracts

Oil rises on tighter market, but doubts swirl on sustainability

By: Reuters     11th October 2017 Oil prices rose for a third day on Wednesday as Opec said the market was gradually tightening after years of oversupply, but the 2018 outlook was less certain. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $56.80 per barrel at 1129 GMT, up 19 cents. Brent... 

China's top coke producer to curb output in pollution war

By: Reuters     11th October 2017 China's top coke producer Shanxi Coking will slash output for coke and some chemical products including tar and methanol during the coming winter months as part of Beijing's campaign against air pollution. The company will trim around 900 000 t of coke and 360 000 t of chemicals from production... 

Alrosa’s Sept sales down 32% y/y

By: Mariaan Webb     11th October 2017 Russian diamond major Alrosa sold $309.7-million worth of rough and polished diamonds in September – a 32% decrease on its sales in the same month last year. Rough diamond sales amounted to $305.8-million and polished diamond sales to $3.9-million, compared with year-earlier sales of... 

SA black consumer body urges regulator to reject Eskom’s tariff hike application

By: African News Agency      11th October 2017 The National Black Consumer Council (NBCC) on Wednesday said that it opposed Eskom’s proposed application for a 20% electricity tariff increase next year. TheNBCC urged the National Energy Regulator of South Africa (Nersa) to reject the troubled power utility’s application and rather grant it “a... 

Kenmare buoyed by ilmenite market improvement, record production potential

By: Ilan Solomons     11th October 2017 Production volumes decreased across the board at mineral sands miner Kenmare Resources’ Moma titanium minerals mine, in Mozambique, in the third quarter, with the exception of ilmenite. Nonetheless, production of total finished products increased by 4.5% year-on-year to 277 800 t in the third... 

Kenmare buoyed by ilmenite market improvement, record production potential
Kenmare Resources’ Moma titanium minerals mine, in Mozambique

ARM appoints two nonexecutive directors

By: Martin Creamer     11th October 2017 Diversified mining company African Rainbow Minerals (ARM) on Wednesday announced the appointment of two new nonexecutive directors. They are David Noko, who has been appointed as an independent nonexecutive director, and Jan Steenkamp, who has been appointed as a nonexecutive director. 

ARM appoints two nonexecutive directors
David Noko

Cautious investors still favouring gold royalty companies over miners

By: Reuters     11th October 2017 Investors in precious metals are opting for streaming and royalty companies over pure gold and silver miners this year despite a rise in metal prices, as producers struggle to win confidence in their ability to capitalise on the rally. Streaming and royalty companies provide financing for... 

Plymouth lodges San Jose mining licence application, earns 50%

By: Creamer Media Reporter      11th October 2017 ASX-listed junior Plymouth Minerals has earned a 50% interest in the San Jose lithium/tin project from Spanish partner Valoriza Mineria by spending €1.5-million to complete the technical work at the project in 12 months. Plymouth can now earn a further 25% in San Jose by completing a feasibility... 

New Liberty records 26% q/q production improvement despite heavy rains

By: Ilan Solomons     11th October 2017 TSX- and Aim-listed Avesoro Resources’ New Liberty mine, in Liberia, achieved a 26% quarter-on-quarter increase in gold production to 19 885 oz for the quarter ended September 30. This brought the mine’s year-to-date gold production to 50 615 oz. 

Highland lifts Q3 output 14.6%

By: Creamer Media Reporter      11th October 2017 Russia-focused gold miner Highland Gold has increased its production by 14.6% year-on-year to 71 767 oz in the third quarter, ensuring that the company remains on track to meet its full-year guidance of 255 000 oz to 265 000 oz. From the Khabarovsk region, production at the Mnogovershinnoye mine... 

NTPC to ratchet up coal production from captive mines

By: Ajoy K Das     11th October 2017 India’s largest power utility, NTPC, is aiming to source as much as 67% of its thermal coal requirement from captive mines within the next year. NTPC, which has been allocated ten coal blocks for captive mining, has already initiated a process of opening technical bids, awarding contracts and... 

Kingrose to re-engineer ‘uneconomic’ Talang Santo underground mine

By: Esmarie Swanepoel     11th October 2017 Gold miner Kingsrose Mining on Wednesday announced that underground operations at its Talang Santo mine, in Indonesia, would be progressively suspended from the middle of this month, as the operation was proving to be uneconomic. The ASX-listed explained that production at Talang Santo has... 

Kingrose to re-engineer ‘uneconomic’ Talang Santo underground mine

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