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Mining News

South African government to gradually legalise illegal mining – Oliphant

By: African News Agency      8th February 2018 Deputy Mineral Resources Minister Godfrey Oliphant said on Thursday the South African government had taken a decision to gradually regularise the activities of illegal miners on a merit basis. Illegal mining is prevalent in South Africa, and forms part of an underground economy, with spates of... 

Richards Bay zone woos investors at Cape Town's Mining Indaba

By: African News Agency      8th February 2018 The Richards Bay Industrial Development Zone (RBIDZ) went on a charm offensive at the Mining Indaba held in Cape Town to woo local and international investors seeking export and import opportunities in KwaZulu-Natal province. RBIDZ acting manager for business development and support, Mzamo... 

Limpopo roads agency seeks funding from mining sector

By: Megan van Wyngaardt     8th February 2018 Roads Agency Limpopo (RAL) will, on February 16, host a stakeholder engagement and fundraising session with the mining industry in the Sekhukhune district municipality. The session is aimed at building cofunding relationships between RAL, the mines and local communities, RAL CEO Maselaganye Matji... 

Political shifts lift investor mood in Southern African mining

By: Reuters     8th February 2018 Mining is a long-term game, but in Southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year. Angola's Jose Eduardo dos Santos and Zimbabwe's Robert Mugabe stepped down in 2017 after a combined 75 years in office, while the election of... 

Thor Mining’s ASX shares in trading halt

By: Anine Kilian     8th February 2018 Aim- and ASX-listed Thor Mining’s shares have been placed in a trading halt on the Australian bourse, pending a resource announcement on the Kapunda copper project, north-east of Adelaide, in which the company can earn up to a 45% interest. Thor has been advised that ASX-listed Terramin Australia... 

Miranda Minerals gets prospecting right for base metals project in Northern Cape

By: Megan van Wyngaardt     8th February 2018 The Department of Mineral Resources has granted Miranda Minerals a prospecting right in respect of the remainder of Rozynenbosch farm No 104, measuring 6 483 ha, in the Northern Cape. The right is effective from February 5, this year, until February 4, 2021, and relates to the... 

Coal buyers spooked by Indonesia's new shipping rules – association

By: Reuters     8th February 2018 Buyers of Indonesian coal are holding back orders of the fuel after the government issued new shipping rules for coal and crude palm oil that would restrict exports to Indonesian vessels, an industry association said on Thursday. Jakarta issued rules in October requiring coal and palm oil... 

Jubilee’s Zambia JV hit with mining right termination notice

By: Natasha Odendaal     8th February 2018 Dual-listed Jubilee Metals Group remains supportive of its joint venture (JV) partner BMR Group after a surprise mining right termination notice was issued for the Kabwe lead/zinc/vanadium project, in Zambia, from the Mining Cadastre Department of Zambia. BMR Group plans to appeal the notice,... 

Peabody delivers best result in five years, eyes continued growth

By: Megan van Wyngaardt     8th February 2018 Reflecting a strong operational performance, significant cash generation and debt repayment, NYSE-listed coal miner Peabody on Thursday reported adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) of $416.2-million for the fourth quarter ended December 31, its best... 

Peabody delivers best result in five years, eyes continued growth

Orca Gold gets water use permit for Sudan project

By: Megan van Wyngaardt     8th February 2018 TSX-listed Orca Gold has received an exclusive permit for the exploitation of water from the Area 5 aquifer, first discovered by the company in May 2017, from the government of Sudan. The water permit is a strategic permit in the development of a gold mine on Block 14 and entitles the company to... 

Resources Watch  

     8th February 2018 Wind of change sees DMR grant prospecting licences to De Beers And, AMSA weighs asset disposals as losses mount, debt rises and rand strengthens 

Resources Watch
Resources Watch

Big Mining Indaba thinking for 2019’s quarter-century milestone

By: Martin Creamer     8th February 2018 This year’s Investing in African Mining Indaba has just ended here and the organisers are already putting their thinking caps on to make next year’s twenty-fifth anniversary of the event a grand affair. The names Cyril Ramaphosa, Elon Musk and the top who’s who of global and African mining are... 

Big Mining Indaba thinking for 2019’s quarter-century milestone
Photo by Duane Daws
Investing in African Mining Indaba MD Alex Grose

Kin starts site development activities at Leonora

By: Simone Liedtke     8th February 2018 ASX-listed gold development company Kin Mining has started site activities at its 100%-owned Leonora gold project (LGP), in the North-Eastern goldfields of Western Australia. Clearing, de-grubbing and stockpiling of topsoil within the approved processing facility boundary works have started and... 

Triton signs term sheet with Chinese firm for Ancuabe graphite

By: Anine Kilian     8th February 2018 ASX-listed Triton Minerals has signed a five-year offtake agreement to supply China-based Qingdao Tianshengda Graphite with graphite from the Ancuabe project, in Mozambique. The agreement is expected to result in the supply of 16 000 t/y of graphite concentrate from Ancuabe with a minimum... 

Environmental appeal sets back Dragon Mining's HKEx listing plans

By: Simone Liedtke     8th February 2018 Gold miner Dragon Mining is preparing an updated submission to the Hong Kong Stock Exchange (HKEx) for a listing application, after an appeal of its test mining permit at Fäboliden, northern Sweden, has delayed its listing plans. The company, which will delist from the ASX, has to obtain an... 

Petropavlovsk names external candidate as new CEO

By: Creamer Media Reporter      8th February 2018 London-listed miner and explorer Petropavlovsk has completed its external search for a CEO and on Thursday announced the appointment of Roman Deniskin as CEO and director with effect from April 16. The company said that Deniskin had extensive experience at strategic and senior operating levels... 

Troy Resources delivers sizeable production in January

By: Megan van Wyngaardt     8th February 2018 South America-focused gold miner Troy Resources achieved gold production of 6 124 oz of gold in January, in line with budget and at a similar level to the previous month's production of 6 224 oz. The production for both these months was impacted by a mill closure for two days to undertake the... 

Zambia project says South African mining indaba an opportunity to interact with potential investors

By: African News Agency      8th February 2018 Zambia’s Mineral Production Monitoring Support Project hopes to use the annual mining indaba in South Africa as an opportunity to tout for support, including investment into the copper producing country, its team leader said. The MPMSP operates alongside Zambia’s mines ministry, helping keep... 

Orion to target BFS completion for Prieska project by October

By: Mia Breytenbach     8th February 2018 Following the release of the maiden mineral resource for Orion Minerals’ Prieska zinc/copper project, in the Northern Cape, the company will target the completion of a bankable feasibility study (BFS) on the project by October. Speaking to Mining Weekly Online on the sidelines of the Investing in... 

Smelters expected to reduce zinc processing fees amid mine supply shortage

By: Reuters     8th February 2018 Zinc smelters are set to accept lower fees for processing concentrate into metal when annual contracts are hammered out next week at a conference in California, as a crunch in mine supply stretches into a third year. Treatment charges (TCs), the fees miners pay smelters to process their ore, are... 

Smelters expected to reduce zinc processing fees amid mine supply shortage

Sumitomo sees Ambatovy at 50% utilisation rate in Jan to March

By: Reuters     8th February 2018 Sumitomo said on Thursday it expects its Ambatovy nickel/cobalt project in Madagascar to run at about a 50% utilisation rate in the January-March quarter, rising to 80% from April. The trading house said last week that the project had resumed operations from end-January after halting operations... 

China iron-ore imports hit 2nd-highest on record on restocking

By: Reuters     8th February 2018 China's iron-ore imports jumped to the second highest level on record in January as the world's top buyer built stockpiles ahead of the Lunar New Year holiday and the lifting of steel production curbs next month. Shipments of the steelmaking raw material in January climbed 19% from December to... 

MRL H1 results in line with expectations

By: Mariaan Webb     8th February 2018 Mining services and processing company Mineral Resources Limited (MRL) on Thursday reported half-year results that are in line with its expectations, with revenue of A$962-million and earnings before interest, tax, depreciation and amortisation (Ebitda) of A$352-million. Revenue in the six months... 

Strike says planned Peru railway will link its 20Mt/y project to port

By: Mariaan Webb     8th February 2018 Plans for a 570-km multiuser railway from the inland city of Andahuaylas in southern Peru to the mineral export Port of San Juan de Marcona on the west coast of Peru will significantly improve development prospects for Australia-listed junior Strike Resources’ 20-million-tonnes-a-year iron-ore... 

Volt applies for its mining permits in Tanzania

By: Creamer Media Reporter      8th February 2018 Tanzania-focused flake graphite development company Volt Resources has lodged its mining licence applications for the Bunyu graphite project. The applications cover both the Stage 1 development, where an estimate 400 000 t/y of ore will be processed producing a nominal 20 000 t/y of graphite... 

Record month for Blackham sets stage for ‘transformational year’

By: Creamer Media Reporter      8th February 2018 Gold miner Blackham Resources has had a record month in January, producing a record 6 498 oz of gold at an all-time-low all-in sustaining cost (AISC) of A$1 158/oz, the ASX-listed company announced on Thursday. Access to high-grade zones in the M4 and Galaxy Pits at the Matilda-Wiluna gold mine,... 

Record month for Blackham sets stage for ‘transformational year’

Anglo American withdraws from Highlands Pacific exploration JV

By: Creamer Media Reporter      8th February 2018 ASX-listed Highlands Pacific will regain 100% of its Star Mountain exploration tenements after global miner Anglo American has announced it will not continue with the joint venture (JV) in Papua New Guinea. In accordance with the terms of the JV, Anglo American will withdraw within 30 days and... 

Chamber-mentored black emerging miner hits high spots in contest

By: Martin Creamer     7th February 2018 Chamber of Mines-mentored black emerging mining company Opal Mining on Wednesday hit the high spots on the investment battlefield stage at the Investing in African Mining Indaba. Opal, headed by group executive chairperson Paul Ranamane succeeded in reaching the semi-finals of a tough... 

Chamber-mentored black emerging miner hits high spots in contest
Photo by Martin Creamer
Opal Mining chairperson Paul Ranamane

South African mining industry makes compelling case for protection of coal

By: African News Agency      7th February 2018 The South African mining industry on Wednesday tabled a case for coal mining in the country, arguing that coal will continue to play an important role in the economy for the foreseeable future despite its declining profile and negative impact on the environment. At the Mining Indaba on Wednesday,... 

New dawn for platinum mining – Robert Friedland

By: Martin Creamer     7th February 2018 New cars being produced in Japan have platinum- and copper-intensive fuel cell drives that outdo battery-powered electric vehicles (EVs) in cold climates as the EV batteries drain when the heaters are switched on, Ivanhoe Mines executive chairperson and founder Robert Friedland said on Wednesday.... 

New dawn for platinum mining – Robert Friedland

New Nornickel JV targets up to 100 t/y of PGMs

By: Mariaan Webb     7th February 2018 Palladium and nickel miner Norilsk Nickel (Nornickel) has entered into a strategic partnership agreement with Russian Platinum, in terms of which the companies will establish a joint venture (JV) to develop disseminated ore deposits in the Norilsk industrial district. The 50:50 JV aims to be one... 

New Nornickel JV targets up to 100 t/y of PGMs

Strongbow to seek Aim listing to help revive Cornish tin

By: Reuters     7th February 2018 Strongbow Exploration, the Canadian company that is seeking to revive tin production in Cornwall, southwest England, plans to list this year on London's Aim exchange for growing companies to raise development funding, its CEO said. Cornwall historically was a mining hub for metals such as tin and... 

Armadale’s Mahenge Liandu resource upgraded

By: Anine Kilian     7th February 2018 The resource at Aim-listed Armadale Capital’s Tanzania-based Mahenge Liandu graphite project has been upgraded to 51.1-million tonnes, at 9.3% total graphitic carbon, following an infill drilling campaign. The resource is now 25% higher than the previously reported 40.9-million tonnes at 9.41%... 

China's war on noxious smog stokes rally in minor metals

By: Reuters     7th February 2018 China's environmental crackdown is curbing supplies of minor metals such as steel-making ingredient vanadium and defence equipment material germanium, and fuelling an already potent price rally which shows no sign of abating. Strict environmental rules and inspections to ensure standards are... 

Highland Gold publishes PFS results for Belaya Gora

By: Mariaan Webb     7th February 2018 London-listed Highland Gold Mining has published the results of a prefeasibility study (PFS) for its youngest mine, Belaya Gora, and the nearby greenfield Blagodatnoye deposit, in the Khabarovsk region of Russia’s Far East. The PFS, which was prepared by SRK Consulting, puts forward new mining... 

Tanzania lays down the law on local participation in mining sector

By: Anine Kilian     7th February 2018 The mining industry in Tanzania is adopting a wait-and-see approach following the government’s sweeping changes to mining regulations, aimed, in part, at ensuring sovereign ownership of the country’s natural resources. Over the past 12 to 18 months – and as recently as last month – there has been... 

Mining firms encouraged to garner greater support from host communities

By: Anine Kilian     7th February 2018 With the global tendency towards more-stringent transparency regulations, mining companies must do more to garner the public’s support in the countries in which they operate. This is according to Deloitte Global’s ‘The future of tax in mining: the evolving global landscape’ report, which explores... 

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