R/€ = 16.82 Change: 0.00
R/$ = 14.32 Change: 0.00
Au 1199.53 $/oz Change: -8.69
Pt 829.00 $/oz Change: -7.99

Mining News

Northern Star backs Venturex plans

By: Esmarie Swanepoel     12th September 2018 Junior Venturex Resources has struck a deal with shareholder Northern Star Resources which will see the gold miner advance a A$2-million unsecured loan for the definitive feasibility study (DFS) on the Sulphur Springs copper/zinc project, in Western Australia. The unsecured loan will have a 12... 

Altus provides market update on exploration at Cameroon project

By: Tasneem Bulbulia     12th September 2018 Exploration activities at Altus Strategies’ 97.3%-owned 400 km2 Bikoula and Ndjele high-grade colluvial iron-ore licences in southern Cameroon have confirmed additional supergene haematite.   Reconnaissance pitting and mapping have confirmed additional supergene haematite; while the drilling... 

ACCC gives green light for A$13bn APA takeover

By: Esmarie Swanepoel     12th September 2018 The Australian Competition and Consumer Commission (ACCC) on Wednesday said that it would not oppose A$13-billion takeover of infrastructure group APA Group. The directors of the company in August unanimously recommended the A$11 a share takeover offer from a consortium led by CK Infrastructure... 

Titan could earn into Peru gold

By: Esmarie Swanepoel     12th September 2018 ASX-listed junior Titan Minerals could potentially acquire an 85% interest in the Las Antas gold project, in Peru, after negotiations with a private Peruvian company. Subject to the execution of a formal binding earn-in agreement, Titan could earn an initial 60% interest in the project by... 

Polyus on track to boost gold output in 2019

By: Reuters     12th September 2018 Polyus, Russia's largest gold producer, is on track to boost production to 2.8-million troy ounces and to reduce its capital expenditure in 2019, its CEO Pavel Grachev told Reuters. Its 2018 production is on track to reach the upper end of its forecast range of 2.375-million to 2.425-million... 

Polyus on track to boost gold output in 2019
Polyus CEO Pavel Grachev

Further Australian LNG projects needed to keep prices in check

By: Esmarie Swanepoel     12th September 2018 New Australian liquefied natural gas (LNG) supplies will have to come on line by 2028 in order to forestall a shortage, advisory firm Wood Mackenzie (WoodMac) has forecast. “The Queensland LNG export projects have shattered the east coast’s ‘cheap gas forever’ mentality,” WoodMac director for... 

Further Australian LNG projects needed to keep prices in check

Ultra Lithium buys property adjacent to its Lucky Lake claim

By: Creamer Media Reporter      12th September 2018 TSX-V-listed explorer Ultra Lithium has entered into an agreement with fellow-listed International Lithium to buy the Forgan Lake lithium property, in the Thunder Bay, north-western Ontario. The Forgan Lake property, consisting of about 256 ha land in 16 units, comprises one legacy claim... 

Dedicated offshore transshipment area licensed at Sintoukola

By: Tasneem Bulbulia     12th September 2018 Potash project development company Kore Potash has received approval for a licence for the transshipment of potash and the discharge of waste brine in a dedicated offshore area at its flagship 97%-owned Sintoukola potash project in the Republic of Congo. The Maritime Authorisation licence – one... 

Brazil federal authorities should take up Belo Sun mine case, court rules

By: Reuters     12th September 2018 A Brazilian court ruled that a mine planned by Toronto-based Belo Sun Mining in the Amazonian state of Para should be examined by federal authorities and its licences reviewed, prosecutors said on Tuesday. The decision could further lengthen the approval process for the company, which has been... 

Collaborative conversation between govt, stakeholders needed to drive mining industry transformation 

By: Simone Liedtke     11th September 2018 Turning around the fortunes of South Africa's mining industry will require greater collaboration between industry stakeholders, Department of Trade and Industry (DTI) director Yusuf Timol said on Tuesday. Speaking at a presentation hosted by the Mining Equipment Manufacturers of South Africa... 

Guptas' flagship Oakbay faces liquidation application over R2m unpaid rent

By: News24Wire      11th September 2018 Business rescue practitioners appointed to save a Gupta business have filed an application for the liquidation of the Gupta's flagship company, Oakbay Investments, as a result of its failure to pay rent to another Gupta-owned company, Tegeta. In court papers filed in the Johannesburg High Court... 

Netstar introduces mine fleet safety solution

By: Marleny Arnoldi     11th September 2018 Telecommunications and information technology company Allied Electronics Corporation’s Netstar subsidiary has developed a unique and fully compliant solution that helps mitigate accidents in mine fleets. “Ensuring safe working conditions for the mining sector is a challenge, particularly when... 

Katoro expects Kibo Nickel acquisition to close soon, mining licence for Imweru pending

By: Marleny Arnoldi     11th September 2018 Aim-listed Katoro Gold had an active six months to June 30, with the continued development of the Imweru gold project, in Tanzania, and diversifying its portfolio with the acquisition of Kibo Nickel. The company expects the Kibo transaction to be completed shortly, which will give Katoro access... 

AMCU declares dispute with three gold mining companies 

By: Marleny Arnoldi     11th September 2018 The Association of Mineworkers and Construction Union (AMCU) on Tuesday warned gold miners Sibanye-Stillwater, Harmony Gold and Village Main Reef of an imminent strike, should they fail to meet the demands of mineworkers. Wage negotiations in the gold sector started in mid-July, and AMCU and... 

AMCU declares dispute with three gold mining companies
Photo by Reuters
AMCU president Joseph Mathunjwa

Alrosa sales in 2019 to exceed production

By: Reuters     11th September 2018 Russian diamond miner Alrosa said on Tuesday that its sales next year would be one-million to two-million carats higher than its production in 2019, the RIA news agency cited Alexei Filippovsky, its CFO, as saying. Alrosa expects it production to be around 37.5-million to 38-million carats next... 

Severe drought halts production at second K+S site in Germany

By: Reuters     11th September 2018 An ongoing severe drought in Germany has prompted minerals miner K+S on Tuesday to shut down production at a second site at its Werra mine network in central Germany. K+S shut down production at its Wintershall site two weeks ago and has now temporarily halted output at is Hattorf site, as... 

Gold mining battling to attract capital – Holland

By: Martin Creamer     11th September 2018 Capital is not as easily available to gold mining companies as it used to be. Gold producers are having to compete with gold-linked alternatives and can no longer rely on equity as a guaranteed means of financing projects or addressing balance sheet gearing. Making these points at the... 

Gold mining battling to attract capital – Holland
Photo by Creamer Media
Gold Fields CEO Nick Holland

Mkango completes another eight drill holes at Songwe Hill

By: Simone Liedtke     11th September 2018 Aim- and TSX-V-listed Mkango Resources on Tuesday announced that it has completed a further eight holes from the latest diamond drill programme at its Songwe Hill rare earths project, in Malawi. All eight drill holes intersected rare earth mineralisation, with selected intersections averaging 1%... 

Glencore-led Australian coal port wins court nod on $3.2 bln debt refinancing

By: Reuters     11th September 2018 Australia's Wiggins Island Coal Export Terminal obtained court approval on Tuesday for a $3.2-billion debt refinancing plan, offering respite to its owners who would have had to start repayments this month. The Queensland-based terminal, known as WICET, is 40% owned by miner and commodities... 

Altura finds another $15m for lithium project

By: Esmarie Swanepoel     11th September 2018 Lithium developer Altura Mining has secured an additional $15-million for its lithium project in the Pilbara, following an amendment deed with its existing loan note holders. “The additional funds will ensure the efficient ramp-up of commissioning towards nameplate capacity at the Altura lithium... 

Altura finds another $15m for lithium project

De Beers sales cycles delivering consistent value

By: Martin Creamer     11th September 2018 The global sightholder sales and auction sales of diamond company De Beers have this year continued to deliver consistent value, with the latest seventh sales cycle coming in at $505-million, a virtual carbon copy of the $507-million realised in the seventh sales cycle of last year. The steady... 

De Beers sales cycles delivering consistent value
De Beers Group CEO Bruce Cleaver

Matsa starts mining at Red Dog

By: Esmarie Swanepoel     11th September 2018 Junior miner Matsa Resources has started mining at its Red Dog gold mine, in Western Australia. Red Dog is estimated to host a mineral resource of 368 000 t, at 2.2 g/t gold, for 26 300 oz of gold. 

Cobalt on the cards for CuDeco

By: Esmarie Swanepoel     11th September 2018 Copper miner CuDeco has entered into a memorandum of understanding with fellow-listed Cobalt Blue Holdings, allowing that company to conduct a due diligence to evaluate the applicability of its minerals processing technology to the cobalt-pyrite concentrate produced at the Rocklands mine, in... 

New Century starts slurry movement

By: Esmarie Swanepoel     11th September 2018 Based metals miner New Century Resources has started pumping zinc concentrate along the slurry pipeline to its port facility in Karumba. The company on Tuesday said that the operation of the slurry pipeline was another important milestone for New Century, with the saleable zinc concentrate... 

Kingston takes 70% stake in Masima

By: Esmarie Swanepoel     11th September 2018 Junior Kingston Resources has increased its ownership in the 2.8-million ounce Masima gold project, in Papua New Guinea, after completing its expenditure requirements. Kingston has now increased its interest in the project from 49% to 70% with joint venture partner Pan Pacific Copper holding... 

Prospect secures $10m more for Zimbabwe project

By: Esmarie Swanepoel     11th September 2018 Lithium developer Prospect Resources has secured a $10-million export finance facility from the Reserve Bank of Zimbabwe, which the company said will be used to meet development costs for its Arcadia lithium mine. The facility, which was issued to Prospect’s Zimbabwean subsidiary, will have a... 

Ausenco leads the charge to address slurry pipeline failure rates

By: Esmarie Swanepoel     11th September 2018 Consulting, engineering and project delivery firm Ausenco has organised the first, focused pipeline user’s symposium, to be held in Santiago, Chile, at the end of October, to discuss a framework to address the high mean failure rate of slurry pipelines. Ausenco VP for pipeline consulting, JP... 

Tango buys Liberia diamond project

By: Creamer Media Reporter      11th September 2018 TSX-V-listed Tango Mining has signed an agreement to acquire an 80% unencumbered interest in the Mano River project from West Mining, in Liberia. The property consists of one recently granted 104.3 km2 diamond mineral exploration licence located in the western part of the country in an area well... 

DMR approves amended EA for MC Mining’s Makhado project

By: Simone Liedtke     11th September 2018 The Department of Mineral Resources (DMR) has approved the environmental authorisation (EA) for the Makhado hard coking and thermal coal project, in Limpopo. The approval by the DMR follows confirmation earlier this month that the Limpopo Department of Economic Development, Environment and... 

Norway survey reveals seabed sulphide mineral deposits

By: Reuters     11th September 2018 Norway's Petroleum Directorate has identified previously unknown deep sea sulphide mineral deposits, which may include metals such as copper, zinc, cobalt, nickel, vanadium, wolfram and silver, it said on Tuesday. The minerals were discovered in the western part of the Norwegian Sea at ocean... 

Metalicity advances Canadian spin-out

By: Esmarie Swanepoel     11th September 2018 ASX-listed Metalicity has completed the sale of its Admiral Bay zinc project and the Lennard Shelf zinc project to its Canadian subsidiary Kimberley Mining, with the prospectus for the subsidiary being finalised for a TSX-V listing in the December quarter. Metalicity on Tuesday said that it had... 

Meridian granted trial production licence

By: Creamer Media Reporter      11th September 2018 Brazil-focused Meridian Mining has been granted a trial production licence allowing for the extraction of up to 6 000 t/y of manganese oxide concentrate from the exploration licences covering Califórnia, Eduardo Mendes and Calça Frouxa prospects. These prospects have been partially mined for... 

Nevada Copper takes fresh look at Pumpkin Hollow openpit

By: Mariaan Webb     11th September 2018 TSX-listed Nevada Copper, which last month moved into full-scale construction mode at its first underground mine, has delivered a study to show the potential for a standalone openpit mine at Pumpkin Hill, in the US. An existing technical report for Pumpkin Hollow contemplates two potential... 

Nevada Copper takes fresh look at Pumpkin Hollow openpit
The Pumpkin Hollow site in Nevada.

Tahoe aims to work 'in good faith' to restart Guatemala mine 

By: Reuters     10th September 2018 Tahoe Resources will work closely with Guatemalan officials and locals to resolve a dispute and resume operations at its flagship Escobal silver mine, one of the world's largest, CEO Jim Voorhees said on Monday. Guatemala's Constitutional Court last week upheld the suspension of licenses at... 

High-tenor sulphides intersected at Orion’s Rok Optel

By: Tasneem Bulbulia     10th September 2018 Ongoing exploration at Orion Minerals’ Rok Optel nickel/copper/cobalt/platinum group elements target on the Namaqua and Disawell mineral rights in the Areachap Belt, South Africa, has intersected high-tenor sulphides. Initial drilling has confirmed the presence of high-tenor polymetallic sulphide... 

Afrox achieves double-digit HEPS growth amid subdued economic environment 

By: Simone Liedtke     10th September 2018 Despite low economic growth in the six months to June 30, JSE-listed African Oxygen (Afrox) achieved double-digit growth in its headline earnings per share (HEPS) to 104c, representing an increase of 11.5% from the HEPS of 93.3c recorded for the six months to June 30, 2017. Referring to the... 

Afrox achieves double-digit HEPS growth amid subdued economic environment
African Oxygen (Afrox) MD Schalk Venter speaks to Engineering News Online about the company’s interim results, and upcoming investment plans. Video & Editing: Darlene Creamer

Shift to renewables to become a growing trend in the mining sector

By: Tasneem Bulbulia     10th September 2018 Owing to a reduction in renewable energy costs, the prospect of a more reliable power supply and an increasingly favourable regulatory environment in key mining markets, renewable energy is anticipated to play an increasingly important role in powering mining operations worldwide over the coming... 

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