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Mining News

Eramet holds out hope for MDL bid

By: Esmarie Swanepoel     5th July 2018 French company Eramet has declared its takeover offer for joint venture partner Mineral Deposits (MDL) unconditional. Eramet on Thursday maintained its offer price of A$1.75 a share in cash for each MDL shares held, noting that it has already obtained a 14.23% shareholding in the takeover... 

Sheffield opens Derby office

By: Esmarie Swanepoel     5th July 2018 Mineral sands developer Sheffield Resources has officially opened a new office facility in Derby, Western Australia, which will play an important role in supporting the proposed Thunderbird project. “Thunderbird offers enormous opportunities, and we’ve pledged to the Kimberley community to... 

Lucapa delivers more diamonds in June quarter

By: Esmarie Swanepoel     5th July 2018 Diamond miner Lucapa Diamond Company has reported a 20% increase in production at its Lulo project, in Angola during the June quarter. Themine produced 5 058 carats of diamonds during the three months to June, up from the 4 203 produced in the previous corresponding period, with the total weight... 

Agrimin raises A$10m for Mackay

By: Esmarie Swanepoel     5th July 2018 ASX-listed Agrimin has raised A$10-million through a share placement to institutional and sophisticated investors to fund the definitive feasibility study for its Mackay sulphate of potash (SOP) project, in Western Australia. The company on Thursday said that it placed 12.5-million shares at a... 

Record Qld exports driven by coal and LNG

By: Esmarie Swanepoel     5th July 2018 Queensland’s exports have risen to a record A$73.8-billion in the year to May, with coal and liquefied natural gas (LNG) exports driving the growth. Coal exports reached A$32.8-billion in the year to May, which was up more than A$5-billion on the previous year, reflecting the improvement in... 

Triton tips EPC contractor

By: Esmarie Swanepoel     5th July 2018 Graphite developer Triton Minerals has appointed MCC International Incorporation as the engineering, procurement and construction (EPC) service provider for the Ancuabe graphite project, in Mozambique. The two companies signed a letter of intent, that will allow them to accelerate the execution... 

Piedmont finds land for lithium plant

By: Esmarie Swanepoel     5th July 2018 Junior Piedmont Lithium has acquired a 60.6 acre parcel of land in North Carolina as a potential site for a planned lithium chemical plant. The site is some 20 miles from the proposed Piedmont lithium mine and concentrator, which would minimise the cost of freight for concentrate delivery to the... 

Miners welcome Australia’s GST reform proposal

By: Esmarie Swanepoel     5th July 2018 The Australian resources sector has welcomed the federal government’s announcement of an eight-year, three-step plan to update the way the Goods and Services Tax (GST) is redistributed. “Our preferred model involves moving to a new benchmark that will ensure the fiscal capacity of all states and... 

Miners welcome Australia’s GST reform proposal

Perseus reports record output from African mines

By: Esmarie Swanepoel     5th July 2018 Dual listed gold miner Perseus Mining has reported record gold production from its two West African mines during the quarter ended June. Gold production for the three months to June reached 83 881 oz, which was a 31% increase on the previous quarter, while half-year gold production was reported... 

Nigeria to offer 12.7bn naira mining contract to eight firms

By: Reuters     5th July 2018 Nigeria will offer a 12.7-billion naira ($41.6-million) mining contract to eight companies in exploration and consultancy, its junior mining minister said on Wednesday, adding both foreign and local firms were encouraged to participate. Nigeria's economy, one of Africa's largest, has been built... 

Mining-affected communities reject draft Mining Charter

By: Simone Liedtke     4th July 2018 Following two days of deliberation, which included a presentation by the Department of Mineral Resources (DMR), mining-affected communities have rejected the current draft of the Mining Charter, as gazetted by Mineral Resources Minister Gwede Mantashe last month. This follows after 100 community... 

Nemaska signs 7 000 t/y lithium offtake agreement with LG Chem

By: Marleny Arnoldi     4th July 2018 Canada’s Nemaska Lithium and Korean chemical company LG Chem have signed an offtake agreement that provides for the supply of battery grade lithium hydroxide by Nemaska to LG.  

Anaconda ups hostile Maritime offer by 28%

By: Marleny Arnoldi     4th July 2018 TSX-listed gold producer Anaconda Mining will offer shareholders in TSX-V-listed explorer Maritime Resources about 28% more for their shares, the company announced on Wednesday. Anaconda will increase its hostile offer from 0.39 to 0.50 of a common share for each Maritime share, provided that... 

Emirates Global Aluminium signs bauxite supply contract with Vedanta

By: Marleny Arnoldi     4th July 2018 Industrial company Emirates Global Aluminium (EGA) has signed an agreement to supply metals miner Vedanta Limited with bauxite from its mining operation in Guinea from 2019.  

Emirates Global Aluminium signs bauxite supply contract with Vedanta
Emirates Global Aluminium CEO & MD Abdulla Kalban

Vast lifts Zimbabwe, Romania production in Q2

By: Marleny Arnoldi     4th July 2018 Aim-listed diversified miner Vast Resources on Wednesday released a solid set of production results for the three months ended June 30, including a record quarter for the Pickstone-Peerless gold mine, in Zimbabwe.  

Kropz listing, Australian lessons and transparency in the DMR 

4th July 2018 This week, Mining Weekly editor Martin Creamer discusses Kropz’s intention to list on London’s Aim, lessons from Australia and transparency in the DMR. 

Kropz listing, Australian lessons and transparency in the DMR
Kropz listing, Australian lessons and transparency in the DMR

Kropz eyeing dual listing

By: Martin Creamer     4th July 2018 Emerging plant nutrient producer Kropz is eyeing a dual listing on the Johannesburg Securities Exchange in addition to seeking admission to trade on the Aim in London, where it intends raising equity capital to fund the completion of its advanced-stage phosphates project in South Africa, cut debt... 

Kropz eyeing dual listing
Photo by Creamer Media
Kropz CEO Ian Harebottle

Imaloto IPP in Madagascar progressed well during second quarter

By: Marleny Arnoldi     4th July 2018 The granting of a 30-year concession agreement during the second quarter of this year was a critical milestone for the Imaloto coal-fired independent power project (IPP), in Madagascar, aligning its development with that of the government’s broader plans, Bushveld Minerals CEO Fortune Mojapelo... 

Imaloto IPP in Madagascar progressed well during second quarter
Bushveld Minerals CEO Fortune Mojapelo

Meridian appoints interim CFO

By: Mariaan Webb     4th July 2018 TSX-V-listed manganese miner Meridian Mining has appointed Jonathan Richards as interim CFO, following the resignation of Carlos Braga. The London-headquartered mining company said on Wednesday that Richards had a keen understanding of the Brazilian operations and that he would be a valuable... 

Harmony enacts board changes to enhance board effectiveness

By: Simone Liedtke     4th July 2018 JSE-listed gold miner Harmony Gold on Wednesday announced several changes to the composition of its board committees to enhance the effectiveness of the board. Of these changes, Mavuso Msimang will take over from Fikile de Buck as the new lead independent director of the company. 

Chaarat appoints COO Benbow to board

By: Creamer Media Reporter      4th July 2018 Aim-quoted Chaarat has appointed COO Robert Benbow as an executive director to its board of directors with immediate effect. Benbow was appointed COO on June 25, after merger and acquisition strategist Artem Volynets was named CEO. 

Drilling resumes at Oldcastle zinc project in Ireland

By: Creamer Media Reporter      4th July 2018 A new drill programme at the Oldcastle zinc project, in Cavan and Meath, Ireland, has been launched, with about 1 800 m of drilling planned, gold and zinc explorer Connemara reported on Wednesday. The Oldcastle project is a joint venture between Connemara and Teck Resources subsidiary Teck... 

China says former Rio Tinto executive Stern Hu released from prison

By: Reuters     4th July 2018 China's Foreign Ministry said on Wednesday that Stern Hu, an Australian citizen and former Rio Tinto executive jailed in China on bribery charges eight years ago, has been released. Ministry spokesman Lu Kang made the announcement at a daily news briefing in Beijing. 

NGEx to fast-track study on Josemaria

By: Mariaan Webb     4th July 2018 Canadian mining company NGEx has announced that it will conduct a prefeasibility study (PFS) on the Josemaría copper project, in San Juan, Argentina, evaluating the potential to develop an openpit mine and process plant. The deposit is currently part of the company’s Project Constellation... 

ROD for Midas Gold’s Idaho project expected in March 2020 

By: Mariaan Webb     4th July 2018 The United States Forest Service (USFS) has updated the anticipated permitting schedule for the Stibnite gold project, in central Idaho, pencilling in a final record of decision (ROD) date for March 2020, TSX-listed Midas Gold reported on Tuesday. A draft environmental impact statement (EIS) for... 

Mali lithium mine project economics improve – Birimian

By: Esmarie Swanepoel     4th July 2018 An updated prefeasibility study (PFS) into the Goulamina lithium project, in Mali, has shown improved economics and an extended mine life on the back of an increase to the mineral resource. ASX-listed Birimian on Wednesday told shareholders that a two-million-tonne-a-year mineral concentrating... 

Mali lithium mine project economics improve – Birimian

Terramin reviews gold's place in company portfolio

By: Esmarie Swanepoel     4th July 2018 ASX-listed metals developer Terramin Australia is undertaking a strategic review of its asset, with the company telling shareholders that the review could result in the demerger of its gold assets from its base metals business. The company said on Wednesday that the strategic review will... 

Vango raises cash for Plutonic Dome

By: Esmarie Swanepoel     4th July 2018 Gold developer Vango Mining has raised A$5.1-million through a share placement to sophisticated and professional investors. The company on Wednesday said that some 28.3-million shares will be placed at a price of 18c a share, with the funds raised going towards exploration and development of the... 

Oposura gets 2.9mt initial resource

By: Esmarie Swanepoel     4th July 2018 ASX-listed Azure Minerals has reported an initial resource of 2.9-million tonnes, grading 5% zinc and 2.8% lead at its Oposura zinc/lead/silver project, in Mexico. The company told shareholders that 75% of the contained metal was within the indicated mineral resource category, with the resource... 

Thakaringa gets a A$550m price tag

By: Esmarie Swanepoel     4th July 2018 The Thackaringa cobalt project, in South Australia, is expected to require a capital investment of A$550-million to develop a 5.25-million tonne a year plant. ASX-listed Cobalt Blue on Wednesday revealed that the project would produce some 3 657 t/y metal in sulphate, and life-of-mine totals of... 

Newcrest strikes earn-in deal with Prodigy

By: Esmarie Swanepoel     4th July 2018 Gold miner Newcrest Mining has signed a farm-in agreement with ASX-listed junior Prodigy Gold over its Euro project, in the Northern Territory. Under the terms of the agreement, Newcrest could earn an initial 51% interest in the project by spending A$6-million on exploration over a period of... 

Technology Metals adds to Gabanintha portfolio

By: Esmarie Swanepoel     4th July 2018 Vanadium developer Technology Metals Australia has acquired a strategic tenement adjacent to its proposed Gabanintha project, in Western Australia. The acquired tenement, which is adjacent to the Northern Block tenements of the Gabanintha project, covers some 109.2 ha and is to the west of the... 

Cradle Arc disposes of Burkina Faso subsidiary owing to deteriorating security

By: Simone Liedtke     4th July 2018 Africa-focused base and precious metals exploration and production company Cradle Arc has disposed of its operating subsidiary Société Miniére de Kerboulé (SMK), in Burkina Faso, which holds the wholly-owned exploration licences of Arae and Gassel-Manere, together comprising the Kerboulé gold... 

Operations to resume at Stornoway's Renard

By: Creamer Media Reporter      4th July 2018 Quebec diamond miner Stornoway Diamond Corp will remobilise its staff to the Renard mine and resume full operations on Wednesday, after rainfall and a shifting of prevailing winds have allowed wildfires to be contained. The company ceased operations on Monday as a safety precaution, after fires... 

Indonesia extends permit for giant Freeport copper mine as talks continue

By: Reuters     4th July 2018 Indonesia has extended a temporary operating permit for Freeport McMoRan's Grasberg project, the world's second-biggest copper mine, until the end of the month while discussions continue over long-term rights. Freeport's local unit, PT Freeport Indonesia (PTFI), has been given a temporary... 

Indonesia extends permit for giant Freeport copper mine as talks continue
The Grasberg mine, in Indonesia.

Anil Agarwal faces shareholder resistance to $1bn Vedanta bid

By: Reuters     4th July 2018 Billionaire Anil Agarwal faces investor resistance to his $1-billion bid to buy out minority shareholders in Vedanta Resources and take the London-listed Indian miner private. Vedanta, chaired by its 64-year-old founder Agarwal, on Monday announced that its independent board directors were... 

Anil Agarwal faces shareholder resistance to $1bn Vedanta bid
Anil Agarwal

Newmont adds higher grade, lower cost ounces at Twin Creeks

By: Creamer Media Reporter      4th July 2018 NYSE-listed gold major Newmont Mining has achieved commercial production at its Twin Creeks underground expansion project, adding higher grade, lower cost gold production at its Twin Creeks operation, in Nevada. The Twin Creeks underground mine will add between 30 000 oz/y and 40 000 oz/y at... 

Newmont adds higher grade, lower cost ounces at Twin Creeks
Newmont CEO Gary Goldberg says the new underground mine serves as a platform to further explore the Twins Creek deposit.

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