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Mining News

Gahcho Kué hits 5m carats in less than ten months

By: Henry Lazenby     29th November 2017 The 51%/49% De Beers and Mountain Province Diamonds-owned Gahchu Kué mine produced more than five-million carats of diamonds in the first ten months of 2017. Located in the remote Northwestern Territories of Canada, the mine declared commercial production in March, and is expected to produce an... 

Brazil Senate approves creation of mining regulatory agency

By: Reuters     28th November 2017 Brazil's Senate on Tuesday approved a bill creating an autonomous regulatory agency for the mining sector, a move aimed at accelerating slow licencing approvals in the country. The bill will return to President Michel Temer for a signature, creating a permanent law based on a temporary decree... 

IDC outlines actions for mining industry to inch closer to success

By: Mia Breytenbach     28th November 2017 While the Toronto Declaration-based standards for the mining industry, adopted by the International Council of Metals and Mining, are broadly accepted as encompassing mines’ social licence to operate, only an “arrogant or stupid person” would argue that all relevant standards have been met, says... 

Kefi released from litigation claims by Ethiopian court

By: Megan van Wyngaardt     28th November 2017 A ruling by the Federal Supreme Court of Ethiopia has eliminated all claims against Aim-listed gold miner Kefi Minerals, releasing it from potential liability regarding an inherited claim for damages. This followed a judgment earlier this year that reduced the company's liability from $12-million... 

Stellar receives tax clearance for Guinea asset sale

By: Creamer Media Reporter      28th November 2017 Aim-listed Stellar Diamonds has received the required tax clearance certificates, after completing all the necessary Guinean governmental tax payments, for the sale of its Guinea companies and assets to BDG Capital. BDG is completing its review of these documents after which it is expected that... 

Hummingbird launches commemorative coins

By: Megan van Wyngaardt     28th November 2017 To commemorate the first gold pour at  Hummingbird Resources’ Mali-based Yanfolila mine, the Aim-listed gold miner is producing one-ounce pure-gold single mine origin (SMO) coins. The 1oz Hummingbird will be part of a collection of seven coins, officially launching in 2018, offering those who are... 

Omnia delivers double-digit H1 growth

By: Natasha Odendaal     28th November 2017 JSE-listed Omnia on Tuesday posted double-digit growth in earnings for the first half of the 2018 financial year as the agriculture segment normalised after harsh drought conditions ended and the mining segment started to show signs of improvement. Profit after tax increased by 27% to... 

Magnis receives strong interest from flake graphite buyers

By: Samantha Herbst     28th November 2017 Having evolved into a diversified project developer with graphite mine developer operations and ownership in the large-scale manufacture of lithium-ion batteries, ASX-listed graphite buyer and seller Magnis Resources has received strong interest from a number of parties looking to source... 

At least 17 killed in gold mine dispute on Mali-Guinea border

By: Reuters     28th November 2017 A two-day skirmish between Guinean and Malian villagers over control of a gold mine that straddles the countries' joint border killed at least 17 people, a government official in Guinea said on Tuesday. Villagers in both countries lay claim to the zone's rich underground deposits, which have... 

European Metals reports increased indicated resource at Cinovec

By: Samantha Herbst     28th November 2017 Following a four-month drilling campaign, ASX- and Aim-listed European Metals has announced an additional upgrade of its Joint Ore Reserves Committee-compliant Cinovec lithium/tin project, in the Czech Republic, confirming the project’s status as Europe’s largest lithium resource. The drilling... 

India’s plan to privatise 15 oil and gas blocks runs into opposition

By: Ajoy K Das     28th November 2017 National exploration and production (E&P) major ONGC is opposing the Indian government’s plans to offer private investors a controlling interest in 15 oil and natural gas blocks held by government-owned entities. Senior ONGC technologists and officials have taken up the issue with the Prime... 

European Cobalt zones in on Slovakia project

By: Mariaan Webb     28th November 2017 Explorer European Cobalt is stepping up efforts to tap into the growing market for cobalt, which is seen as one of the most important metals in the fast-growing energy storage market. The company, which estimates that in three years’ time one fifth of global cobalt demand will stem from electric... 

Higher coal prices help Russia's Mechel swing to Q3 net profit

By: Reuters     28th November 2017 Russian coal and steel producer Mechel said on Tuesday higher prices for its products had helped it swing into a net profit in the third quarter after a loss a year earlier. Higher coal prices has been supporting Mechel, which borrowed heavily before Russia’s economic crisis took hold in 2014... 

Construction activities at Spanish tungsten project gather pace

By: Mariaan Webb     28th November 2017 Construction activities at the Barruecopardo tungsten mine in Salamanca, Spain, are gathering momentum, with about 100 people now working on the project. Ormondo Minerals, which has a 30% shareholding in the mine, reported on Tuesday that the major earthmoving phase relating to construction of... 

GoviEx receives top honours at Africa investment showcase

By: Megan van Wyngaardt     28th November 2017 TSX-V-listed GoviEx Uranium was given the gold award for best mining project at the recent Africa Investment Forum and Awards (AIFA) in Paris, France. The AIFA is an event dedicated to African business opportunities in fields such as mining, energy, infrastructure and real estate. A rigorous... 

Tlou Energy progresses seismic survey at Botswana projects

By: Megan van Wyngaardt     28th November 2017 Dual-listed Tlou Energy last week completed a field acquisition phase, which forms part of its 250 km two-dimensional seismic survey, at its Lesedi and Mamba coal-bed methane projects, in Botswana, with data processing now in progress. The new seismic data will provide a more accurate picture of... 

RNC to double nickel output at WA mine, resumes talks for Quebec project

By: Mariaan Webb     28th November 2017 TSX-listed RNC Minerals has said it plans to double nickel production from its Beta Hunt mine, with production of four-million pounds of contained nickel forecast for 2018. RNC Minerals is ramping up gold production at the Beta Hunt mine in Western Australia’s Kambalda mining district, with gold... 

DFS lowers capital and operating costs of WA rare earths project

By: Mariaan Webb     28th November 2017 The definitive feasibility study (DFS) of the Yangibana rare earths project in Western Australia has significantly improved the capital cost requirements and operating cost estimates. The project, which has been assigned a ‘lead-agency project’ status by the state government, will require... 

Kibaran receives resettlement approval for Epanko

By: Megan van Wyngaardt     28th November 2017 Australia-based junior Kibaran Resources on Tuesday reported that the Tanzanian government had approved the resettlement action plan (RAP) compensation schedules for its Epanko graphite project. The chief valuer from the Ministry of Lands, Housing and Human Settlements Development (MLHHSD)... 

Ausdrill wins contract extensions in Africa and Australia

By: Creamer Media Reporter      28th November 2017 Mining services company Ausdrill said on Tuesday it had secured two contract extensions at African operations and one in Western Australia. The ASX-listed firm reported that South Africa-based AngloGold Ashanti had awarded its wholly owned subsidiary African Mining Services (AMS), a provision... 

Withdrawal of entire MPRDA only constitutionally acceptable solution – Leon

By: Martin Creamer     28th November 2017 The process of reconsidering the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill has generated a new range of procedural missteps and failed to address any of the substantive problems in the Bill, leaving the entire withdrawal of the Bill as the only constitutionally... 

Withdrawal of entire MPRDA only constitutionally acceptable solution – Leon
Photo by Duane Daws
Herbert Smith Freehills Africa co-chair and partner Peter Leon.

Bald Hill project 'coming to life'

By: Mariaan Webb     28th November 2017 The Bald Hill lithium project, near Kambalda, in Western Australia, is proceeding apace with structural steel work now well advanced and the placement of mechanical equipment and electrical cable having started. Mark Calderwood, MD of Tawana Resources, which owns the project in a joint venture... 

Century zinc mine could be back in production by July – study

By: Megan van Wyngaardt     28th November 2017 The Century zinc mine could be back in production by July next year, New Century said on Tuesday, announcing the outcomes of a feasibility study into the restart of operations at the mine near Mt Isa, which once was one of the world’s top producers of the metal. The study estimates that the... 

Western Australia to amend mining law after Forrest court case

By: Mariaan Webb     28th November 2017 Western Australian government will amend its mining legislation to validate granted tenements and ensure mining companies had security of title. The announcement, by Mines and Petroleum Minister Bill Johnston on Tuesday, follows an August High Court ruling, which found that the process of... 

MOD Resources gets go-ahead for further exploration

By: Megan van Wyngaardt     28th November 2017 ASX-listed copper miner MOD Resources has received approval from the Botswana Department of Environmental Affairs (DEA) to start drilling on a farm north of its T3 copper project, doubling its approved exploration area to 100 km2, while opening up additional airborne electromagnetic (AEM) survey... 

Volkswagen's talks with cobalt producers end without deal

By: Reuters     28th November 2017 Meetings last week between major cobalt producers including mining giant Glencore to supply the world's largest automaker Volkswagen with the material used to make batteries for electric vehicles ended without a deal, cobalt industry sources said. In September, Reuters reported exclusively that... 

BHP studying $2.1bn medium-term copper expansion project

By: Mariaan Webb     28th November 2017 Mining Major BHP is considering further expansion options its Olympic Dam operation, in South Australia, which will sharply increase copper production as the miner believes the copper market is heading for a structural deficit in the next six years. BHP has taken a three-stage option-based... 

BHP studying $2.1bn medium-term copper expansion project
The Olympic Dam operation.

Canada's Dalradian plans to dig deep for Northern Irish gold

By: Reuters     28th November 2017 Canadian miner Dalradian Resources has filed a planning application and secured a new tranche of funds to build Northern Ireland's first major underground gold mine, with the potential to create hundreds of jobs. Mining has largely died out in Britain, but the sector sees the potential for a... 

Canada's Dalradian plans to dig deep for Northern Irish gold

BHP targets cost cuts; sees upside in copper, steel prices

By: Reuters     28th November 2017 Top global miner BHP Billiton said on Tuesday it will drive further cost cuts across its Australian business, and forecast strong price support from China for steelmaking raw materials. BHP will target $1.6-billion in productivity gains at its Australia iron-ore, copper and coal units over the... 

BHP targets cost cuts; sees upside in copper, steel prices
BHP Minerals Australia president Mike Henry

Vale, partner Mitsui ink $2.7bn Nacala coal corridor funding

By: Henry Lazenby     28th November 2017 Brazil’s largest diversified miner Vale has announced that it, together with its Japanese partner Mitsui & Co, has signed a $2.73-billion funding deal to finance the Nacala Logistics Corridor (NLC), that will connect the Mozambique-based Moatize coal mine, to the Nacala port. Vale said in a press... 

TransCanada restarts Keystone after oil spill; petitions Nebraska to rethink alternative route decision

By: Henry Lazenby     28th November 2017 Canada’s largest fossil fuels infrastructure operator TransCanada said on Monday it will restart the existing Keystone I pipeline on Tuesday, after a 5 000 bbl oil spill, in Amherst, South Dakota, last Thursday morning halted operations. TransCanada reported that its Keystone pipeline repair and... 

Four NGOs file federal suit to overturn Hudbay’s Rosemont Forest Service RoD

By: Henry Lazenby     28th November 2017 Four nongovernmental organisations (NGOs) have filed a federal lawsuit in the US District Court seeking declaratory and injunctive relief against the US Forest Service for issuing Canadian miner Hudbay Minerals’ Rosemont copper project, in Arizona, a positive ‘record of decision’ (RoD) in June.... 

Four NGOs file federal suit to overturn Hudbay’s Rosemont Forest Service RoD

Primero finalises Cerro del Gallo development project sale to Argonaut

By: Henry Lazenby     28th November 2017 Precious metals producer Primero Mining has completed the sale of its development asset, the Cerro del Gallo mine, in Guanajuato state, Mexico, to fellow Canadian miner Argonaut Gold. Under terms of the transaction, Toronto-headquartered Primero pocketed $15-million in cash, which it advised on... 

Peabody closes sale of stake in inactive Burton mine

By: Henry Lazenby     27th November 2017 US coal miner Peabody Energy has completed the sale of a majority stake in its Burton mine and related infrastructure, located in Australia’s Queensland, for $11-million. The buyer, Lenton joint venture (JV), in which ASX-listed New Hope Corporation holds a 90% interest, has also assumed... 

Noront hits encouraging VMS mineralisation at McFaulds No 8; requests proposals for plant

By: Henry Lazenby     27th November 2017 Ring of Fire (RoF) development champion Noront Resources has intersected encouraging results at the McFaulds No 8 volcanogenic massive sulphide (VMS) deposit, hosted on the property where the first discoveries in the RoF were made and which spurred the initial staking rush in 2002 to 2003. The... 

Dalradian lodges Curraghinalt mine planning permit; closes C$78m private placement

By: Henry Lazenby     27th November 2017 Canadian explorer and development company Dalradian Resources has submitted a mine planning permit application with Northern Ireland’s Infrastructure department (DfI), reflecting a significant milestone in the project’s evolution from a small deposit to a world-class mine. "This is an exciting... 

Mahlobo’s call for ‘modular’ electricity roll-out at odds with nuclear ambition

By: Terence Creamer     27th November 2017 Energy Minister David Mahlobo’s latest Parliamentary reply, in which he argues that there is no longer a need to build large generation units, owing to the availability of low-cost smaller generation options, is at odds with his support for a large-scale nuclear build programme. In response to... 

Mahlobo’s call for ‘modular’ electricity roll-out at odds with nuclear ambition
Photo by Duane Daws
Energy Minister David Mahlobo

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