R/€ = 16.77 Change: 0.05
R/$ = 14.24 Change: 0.08
Au 1201.40 $/oz Change: -6.82
Pt 830.00 $/oz Change: -6.99

Mining News

New Nema regulations hold advantages, disadvantages for mining industry – law firm

By: Marleny Arnoldi     13th September 2018 The mining industry is under constant pressure to demonstrate continued commitment to responsible environmental management and to the concept of sustainable development. There are currently several pieces of environmental legislation being updated or coming to the fore, which the industry will be... 

Gold Fields ranked top South African mining company, third best global gold company

By: Marleny Arnoldi     13th September 2018 JSE- and NYSE-listed Gold Fields has again been ranked the top South African mining company on the Dow Jones Sustainability Index (DJSI) benchmarking database. The DJSI scorecard for 2018, which was published on Thursday, shows that Gold Fields’ sustainability practices rank with the best of... 

Gold Fields ranked top South African mining company, third best global gold company
Photo by Creamer Media
Gold Fields CEO Nick Holland

Rising generations drive record diamond demand but require new approaches by industry

By: Rebecca Campbell     13th September 2018 The worldwide demand for diamond jewellery set a new record high of $82-billion in 2017, diamond giant De Beers reported in its “Diamond Insight Report 2018”. The driving forces behind this demand were Millennial and Generation Z (Gen Z) consumers, who, together, accounted for 66% of global... 

Rising generations drive record diamond demand but require new approaches by industry

Chaarat appoints new board member

By: Creamer Media Reporter      13th September 2018 Aim-quoted exploration and development company Chaarat Gold has appointed Robert Edwards – a mining engineer with broad institutional and corporate experience – to its board as an independent nonexecutive director. Edwards is the former chairperson of Global Mining at Renaissance Capital and has... 

Bosnia's Aluminij calls for government help to ensure survival

By: Reuters     13th September 2018 Aluminij Mostar, Bosnia's sole aluminium smelter, is at risk from high alumina and electricity prices and only urgent government intervention can help it stay on line, its GM said on Thursday. Heavily-indebted and loss-making Aluminij, which is among Bosnia's top exporters, has narrowly avoided... 

Kidman, SQM may have to forfeit lithium mine after Australian govt ruling

By: Reuters     13th September 2018 Australia's Kidman Resources and Chilean partner SQM may lose their right to develop the Mount Holland lithium project after a recommendation by a unit of the West Australian government that regulates mining leases. Kidman had asked the Western Australia Department of Mines for an exemption to... 

Europa initiate land use process for Spain mine development

By: Creamer Media Reporter      13th September 2018 Triple-listed Europa Metals has initiated a change of land use process to facilitate the potential future development of its Toral lead/zinc/silver project, in northern Spain. The company has engaged consultancy MAGMA Soluciones Ambientales to progress the requisite land use applications across... 

Ramelius buys WA gold project

By: Mariaan Webb     13th September 2018 Acquisitive Ramelius Resources on Thursday announced that it would buy the Marda gold project, about 190 km from its Edna May operation in Western Australia for A$13-million. The company, which earlier this week launched a hostile takeover for Explaurum, said that the Marda resource could be a... 

Regulator objects to Poseidon’s entitlement offer

By: Mariaan Webb     13th September 2018 Corporate regulator the Australian Securities and Investment Commission (ASIC) has approached the Takeovers Panel to prevent Andrew Forrests’ Squadron Resources from increasing its interest in ASX-listed Poseidon Resources to nearly 61% without first gaining shareholder approval. Poseidon last... 

Bushveld increases indirect interest in Vametco to 75%

By: Simone Liedtke     13th September 2018 Aim-listed Bushveld Minerals has increased its indirect beneficial interest in Vametco Alloys to 75%, from 59.1%, through the acquisition of Sojitz Noble Alloys’ 21.22% interest in Vametco’s intermediate holding company Strategic Minerals Corporation (SMC), for $20-million. Following completion... 

Resgen pursues tandem approach to funding solution for Boikarabelo

By: Simone Liedtke     13th September 2018 ASX-listed Resource Generation (Resgen) confirmed on Thursday that it had received a commitment from a lender to table a funding proposal prepared by the deal team for credit committee approval. The company, has until now, been pursuing a tandem approach to finding a funding solution for the... 

ARC Fund to act as ‘anchor investor’ in London listing of South African phosphate mine

By: Terence Creamer     13th September 2018 African Rainbow Capital Investments (ARC) has announced that its ARC Fund will participate as the ‘anchor investor’ in the upcoming London listing of the Elandsfontein phosphate mine, which is located on South Africa’s West Coast. ARC Investments, which released its maiden set of result on... 

ARC Fund to act as ‘anchor investor’ in London listing of South African phosphate mine
Elandsfontein phosphate mine

Byproduct inclusion boosts US lithium project’s economics

By: Mariaan Webb     13th September 2018 The inclusion of byproducts, including quartz, feldspar and mica, has delivered “substantial economic benefits” to the north Carolina lithium project that ASX-listed Piedmont Lithium is studying in the US. An updated scoping study determined that the recovery and selling of byproducts that are... 

Sandvik launches Leopard DI650i drill rig

By: Tasneem Bulbulia     13th September 2018 Sandvik Mining and Rock Technology has expanded its high-pressure down-the-hole (DTH) drill rig offering, with the introduction of the new Sandvik Leopard DI650i model. The drill was unveiled to the market for the first time at Electra Mining Africa, being held this week at the Nasrec Expo... 

Sandvik launches Leopard DI650i drill rig
Photo by Nadine James
Sandvik Mining and Rock Technology’s Leopard DI650i drill rig

Power plant delays fuel tensions over Rio's giant Mongolia copper mine

By: Reuters     13th September 2018 Nearly 10 years on from the launch of a giant copper and gold project in Mongolia, Rio Tinto is still looking to secure a domestic power source it needs for the mine under an agreement with the government. Oyu Tolgoi, located in the South Gobi region near landlocked Mongolia's southern border... 

Power plant delays fuel tensions over Rio's giant Mongolia copper mine

Black Mountain buys idled nickel mine from Panoramic

By: Mariaan Webb     13th September 2018 US private equity firm Black Mountain announced on Thursday that it would buy the Lanfranchi nickel mine, near Kambalda, Western Australia, as it seeks to tap into the growing battery minerals market. The company will buy the idled Lanfranchi mine from Panoramic Resources for A$15.1-million in... 

India's steel minister wants import duty on coking coal scrapped

By: Reuters     13th September 2018 India's steel minister said on Thursday he wanted the finance ministry to scrap the 2.5% duty on imports of coking coal, a key steelmaking raw material, to limit input costs. "We are pursuing a cut," Chaudhary Birender Singh told reporters. "We want to make it zero. It cannot be 2.5% to 2%." 

Metallica and Melior merger creates diversified Qld mining firm

By: Mariaan Webb     13th September 2018 Brisbane-based resources firms Metallica Minerals and Melior Resources on Thursday announced a binding merger agreement, creating a diversified Queensland mining company with near-term production potential and a pipeline of future growth opportunities. The merger will combine mineral sands and... 

Metallica and Melior merger creates diversified Qld mining firm
The merged entity will own the near-production Goondicum project, in north Queensland.

Resources Watch  

13th September 2018 DRDGold shares leap on higher-grade fillip And, DRDGold expecting rapid gold output from West Rand tailings project 

Resources Watch
Resources Watch

Implats reports after-tax loss on impairments

By: Martin Creamer     13th September 2018 Platinum mining company Impala Platinum (Implats) on Thursday reported improved gross profit of R1.6-billion but an after-tax loss on impairments. Impairments of R13.6-billion, mainly due to the restructuring of Impala Rustenburg, resulted in an after-tax loss of R10.8-billion. 

Implats reports after-tax loss on impairments
Implats CEO Nico Muller

Barrick to eliminate innovation role under decentralisation

By: Reuters     13th September 2018 Barrick Gold Corp will eliminate the executive role of chief innovation officer (CIO) as part of a broad decentralization push, the company said on Wednesday, adding that it will continue to work on innovation and productivity improvements. Barrick did not officially announce the change, which... 

GAIL to expand natural gas pipeline capacity by 50% over next three years

By: Ajoy K Das     12th September 2018 Having warded off the possibility of the company being split up, State-run natural gas marketer and logistic service provider GAIL India has firmed up plans to expand its gas pipeline network. GAIL will add 5 500 km of pipeline network to its existing 11 400 km, over the next three years, to... 

Indian mineral exploration policy and reality divergence

By: Ajoy K Das     12th September 2018 The Indian government’s ostensible policy is to double mineral exploration every year with participation of domestic and foreign private players, but foreign participation in domestic non-coal mineral exploration is on a downtrend. “We are preparing a document for increasing the participation of... 

Nickel price to benefit from short supply, strong steel demand through 2019

By: Reuters     12th September 2018 Slower production increases in leading supplier Indonesia and continued growth in stainless steel demand are forecast to extend a supply shortage in the global nickel market, supporting price gains through 2019. Nickel, which recently hit its lowest since December, could climb as high as $16 000... 

Mercuria to grow iron-ore business with major financing of US mine

By: Reuters     12th September 2018 Global commodities trader Mercuria Energy Group is expanding its iron ore business with a $650-million financing package for US producer Mesabi Metallics in exchange for a majority stake in the firm, Mercuria said in a statement on Wednesday. The Geneva-based firm said it had signed a memorandum... 

Yamana Gold says Argentina export tax to impact on cash flow

By: Mariaan Webb     12th September 2018 Canadian miner Yamana Gold remains on track to deliver the previously flagged “step change” in cash flow, but warned on Wednesday that the new Argentina export tax would set back its plans. Last week, Argentina President Maurico Macri announced new taxes on exports as part of a larger plan aimed... 

Yamana Gold says Argentina export tax to impact on cash flow
The Gualcamayo mine.

Gold slips amid US-China trade war concerns

By: Reuters     12th September 2018 Gold fell on Wednesday, but remained stuck in a narrow trading range as investors worry about a simmering trade war between the United States and China. Spot gold was down 0.3% to $1 193.61 an ounce at 1200 GMT, after hitting its lowest since Aug. 24 at $1 187.21 on Tuesday. US gold futures eased... 

Zest WEG Group achieves Level 1 BBBEE status

By: Simone Liedtke     12th September 2018 Motors and controls manufacturer WEG’s subsidiary, Zest WEG Group, on Wednesday announced that it has achieved Level 1 status under the Broad-Based Black Economic-Empowerment (BBBEE) Codes of Good Practice. The achievement follows just over a year after Zest WEG reached Level 2 status, in... 

Zest WEG Group achieves Level 1 BBBEE status
Photo by Dylan Slater
Zest WEG CEO Louis Meiring and logistics and operations director Juliano Vargas

China expected to continue as major driver in global silver market – Silver Institute

By: Marleny Arnoldi     12th September 2018 China will continue to be a major driver in the global silver market for years to come, fueled by continued industrial demand and silver mining activity, says international industry association, the Silver Institute. “China is by far the largest consumer of silver globally, accounting for 18%... 

DRDGold projects boost Ergo efficiency, lower costs

By: Martin Creamer     12th September 2018 Three major projects completed by surface gold mining company DRDGold are expected to boost the fortunes of the company’s Ergo plant on the East Rand. The three projects made up the bulk of the company’s capital spend of R125.9-million in the 12 months to June 30. 

DRDGold projects boost Ergo efficiency, lower costs
Photo by Creamer Media Chief Photographer Dylan Slater
DRDGold CFO Riaan Davel

New Gold appoints new CEO

By: Marleny Arnoldi     12th September 2018 TSX- and NYSE-listed New Gold has appointed Renaud Adams president and CEO, effective September 12. He succeeds New Gold outgoing director and CEO Raymond Threlkeld, who has led the company since May.  

Tanzanian integrity pledge regulations lack clarity, cause uncertainty – law firm

By: Marleny Arnoldi     12th September 2018 Multinational law firm Herbert Smith Freehills (HSF) has raised concerns around Tanzania’s new integrity pledge for mining companies, questioning whether it meets international best practice. Since July 2017, the Tanzanian government has introduced significant regulatory reforms to the mining... 

Ormonde moves into commissioning phase, reports slight delay in schedule

By: Mariaan Webb     12th September 2018 Commissioning activities have started at the Barruecopardo tungsten project in Salamanca, Spain, marking a major project milestone, developer Ormonde reported on Wednesday, but cautioned that first production has been pushed out 2019. The Aim-listed company said the the turnkey crush and screen... 

Toro Gold reports promising drilling results to extend Senegal mine’s life

By: Marleny Arnoldi     12th September 2018 Gold miner Toro Gold has reported highlights from its 60-hole 15 000 m core drilling programme that is under way at its 90%-owned Mako gold mine, in Senegal, including 19.5 m at 3.4 g/t gold from 193.4 m. The programme is targeting mineralisation underneath the current openpit that has the... 

South Africa's iron-ore railway to be shut down for annual maintenance

By: Reuters     12th September 2018 The main railway line along South Africa's iron-ore corridor will be shut down for annual maintenance from September 26 to October 2, State-owned freight logistics firm Transnet said on Wednesday. The railway line that stretches up to 861 km (534 miles) from iron-ore mines at Sishen in the... 

Congo Mines Minister insists no compromise on new mining code

By: Reuters     12th September 2018 Democratic Republic of Congo's mines minister said on Wednesday that a new mining code signed into law in March that hikes royalties and taxes cannot be called into question. Addressing a mining conference in the copper and cobalt-mining city of Kolwezi, Martin Kabwelulu called on industry... 

Congo Mines Minister insists no compromise on new mining code
Photo by Reuters
DRC Mines Minister Martin Kabwelulu

Global Energy sets sight on US cobalt project

By: Mariaan Webb     12th September 2018 Cobalt-focused Global Energy Metals is set to acquire a past-producing mine and project that are about 150 km from the gigafactory that electric vehicle manufacturer Tesla is building in Sparks, Nevada. Global Energy, which already owns the Werner Lake cobalt mine in Ontario, Canada, and an... 

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