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Mining News

Bellzone starts exploratory discussions to maximise Guinea assets’ value

By: Marleny Arnoldi     11th June 2018 Aim-listed Bellzone Mining has started discussions with a number of parties to explore options to potentially maximise the net present value (NPV) of its major assets, including the Konta port, its ferronickel project and the Kalia iron-ore project, all in Guinea.  

Pembridge, Japanese trading house enter into $30m offtake financing arrangement

By: Simone Liedtke     11th June 2018 LSE-listed Pembridge Resources has signed definitive heads of terms with a global Japanese trading house to receive $30-million in prepayment financing through an offtake financing agreement for 125 000 t of copper concentrate to be produced at the Minto copper/gold/silver mine, in Canada. The... 

BMR sells Jubilee shares to repay creditor

By: Marleny Arnoldi     11th June 2018 Aim- and JSE-listed Jubilee Metals has completed a placing of existing shares held by Aim-listed lead and zinc mine developer BMR Group to institutional shareholders.  

Gemfields’ latest auction nets $71.8m

By: Simone Liedtke     11th June 2018 JSE-listed Pallinghurst Resources’ Gemfields subsidiary sold about 95% of its lots on offer at an auction of rough rubies held in Singapore last week. The auction yielded an all-time auction record for the company, generating $71.8-million in revenues with the rubies sold at an average realised... 

Beneficiation opportunities in zinc, fuel cells – Oliphant

By: Martin Creamer     11th June 2018 Deputy Minerals Minister Godfrey Oliphant is engaging with companies on local value-addition opportunities in zinc and platinum-catalysed fuel cells, and would like mining companies to make these and other locally mined commodities available at developmental prices to facilitate... 

Beneficiation opportunities in zinc, fuel cells – Oliphant
Photo by Wynand van der Merwe
Deputy Mineral Resources Minister Godfrey Oliphant (right) with Mining Weekly Online's Martin Creamer

Ncondezi power project in Mozambique nears JDA completion, financial close 

By: Marleny Arnoldi     11th June 2018 The joint development agreement (JDA) for Aim-listed Ncondezi Energy’s integrated 300 MW power and coal mine project in Tete, Mozambique, is nearing completion.  

Ethiopian syndicate to buy 30% stake in Kefi subsidiary

By: Simone Liedtke     11th June 2018 Emerging gold producer Kefi Minerals has reached an agreement with an Ethiopian investment syndicate that wants to acquire a 30% ownership interest in Kefi subsidiary Kefi Minerals Ethiopia (KME), which holds the company’s interest in the Tulu Kapi Gold Mines (TKGM). Under the proposed terms,... 

India moots allocating coal blocks to oil companies for methanol production

By: Ajoy K Das     11th June 2018 he Indian government has mooted a proposal to allocate coal blocks to national oil refining-marketing companies to produce methanol and to reduce dependency on imported crude oil-based diesel consumption. The work-in-progress proposal under the Road Transport Ministry will be submitted to the... 

Chaarat plans to lead consolidation in CIS region

By: Mariaan Webb     11th June 2018 London-listed Chaarat Gold’s offer to take over Kyrgyzstan’s largest gold mine, Kumtor, is only “one of a number of potential deals” that the company is considering in former Soviet Union countries, chairperson Martin Andersson said on Monday, reaffirming the junior’s strategy of selective... 

Chaarat plans to lead consolidation in CIS region
Chaarat chairperson Martin Andersson

Wollongong avoids mine suspensions

By: Esmarie Swanepoel     11th June 2018 ASX-listed Wollongong Coal has forestalled the suspension of mining operations at its Wongawilli Colliery, in New South Wales, after reaching an agreement with the Department of Planning and Environment (DPE) over a number of late payments of various authorization fees. The DPE in February... 

South Australian miners to buy electricity in bulk to cut power bill

By: Esmarie Swanepoel     11th June 2018 A consortium of South Australian mining companies have awarded an eight-year supply contract to a renewable energy retailer, as part of their joint efforts to cut energy costs. The South Australian Chamber of Mines and Energy (Sacome) in 2016 masterminded the consortium in the face of soaring... 

AM Resources to acquire 60% in Colombian gold property

By: Marleny Arnoldi     11th June 2018 TSX-listed AM Resources Corporation has signed an option agreement to acquire a 60% interest in a Colombian gold property and is seeking to raise $600 000 in a private placement on the TSX.  

ERA reveals closure plans for Ranger

By: Esmarie Swanepoel     11th June 2018 Uranium miner Energy Resources of Australia (ERA) has released the closure plan for its Ranger mine, in the Northern Territory, which is required to cease mining and processing activities by January 2021. The final rehabilitation of the project area will be completed by January 2026, ERA said... 

NT shale gas reference group established

By: Esmarie Swanepoel     11th June 2018 The Northern Territory government has established an Onshore Shale Gas Community and Business Reference Group as part of its efforts to reform the shale gas industry in the region. The reference group was one of the recommendations delivered by a Scientific Inquiry into Hydraulic Fracturing in... 

QRC calls for royalty stability ahead of State Budget

By: Esmarie Swanepoel     11th June 2018 The Queensland Resources Council (QRC) has urged the state government not to rock the royalty boat, ahead of the state Budget on Tuesday. QRC CEO Ian Macfarlane said on Monday that the government’s previous commitment to royalty stability was welcome, with the government’s pre-Christmas... 

QRC calls for royalty stability ahead of State Budget

Diamond industry longevity on the line

By: Paige Müller     11th June 2018 The implementation of enabling mining policies by government is key in safeguarding the South African diamond industry from further decline and a worrying contraction, says Global Diamond Network consultant and industry heavyweight Dr John Bristow. Bristow states that the local diamond mining... 

Diamond industry longevity on the line
DIAMONDS IN THE ROUGH High quality rough gemstone diamonds mined from an alluvial diamond deposit in Northern Cape province

Congo mining code regulations signed into law – aides

By: Reuters     11th June 2018 Regulations to implement Congo's new mining code have been signed into law with no changes, advisers to the prime minister told Reuters on Saturday, despite objections from mining firms that have been threatening legal action. Prime Minister Bruno Tshibala signed the regulations into law... 

Congo mining code regulations signed into law – aides
The KCD openpit gold mine, operated by Randgold, at the Kibali mining site in the Democratic Republic of Congo.

Employee killed in fall of ground at Harmony's Bambanani mine

By: Creamer Media Reporter      8th June 2018 An employee was killed in a fall-of-ground incident at Harmony Gold's Bambanani mine, in the Free State, on Friday morning. An investigation into the accident is under way. 

Entrée Resources sells Cañariaco royalty

By: Nadine James     8th June 2018 TSX- and NYSE-listed Entrée Resources has sold its 0.5% net smelter return royalty on Candente Copper’s Cañariaco copper project, in northern Peru, to TSX- and LSE-listed natural resources royalty and streaming company Anglo Pacific Group. Under the terms of the agreement with Anglo Pacific,... 

Farellon copper/gold mine on track to meet 5 000 t/m in June

By: Nadine James     8th June 2018 TSX-listed mineral exploration company Altiplano Metals has improved capacity at its Farellon copper/gold mine, in Chile, which was now on track to meet its targeted extraction rate of 5 000 t/ m later this month.   "Through professional management of extraction methods and operations, our team... 

Mustang Minerals changes name to Grid Metals

By: Nadine James     8th June 2018 Mustang Minerals has changed its name to Grid Metals. Grid will begin trading on the TSX-V under the symbol GRDM effective June 8. 

Cardinal mulls larger throughput option at Ghana project

By: Nadine James     8th June 2018 Africa-focused gold miner Cardinal Resources is evaluating a larger process throughput option for its Namdini project, in Ghana, following an increase in the project’s indicated resource categorisation from 4.3-million ounces to 6.5-million ounces. Cardinal will evaluate the economic results of... 

Laramide increases private placement to C$3.3m

By: Nadine James     8th June 2018 Uranium miner Laramide Resources has increased the previously announced private placement from seven-million units to ten-million units, at a company price of C$0.30 a unit, for aggregate gross proceeds of up to C$3.3-million. The ASX- and TSX-listed company had, earlier this month, announced its... 

Alrosa sells $288m of diamonds in May

By: Creamer Media Reporter      8th June 2018 Diamond miner Alrosa Group sold $288-million worth of rough and polished diamonds in May. Rough diamond sales amounted to $277.5-million and polished diamond sales to $10.5-million. 

Alphamin completes $25m drawdown

By: Anine Kilian     8th June 2018 JSE-listed Alphamin Resources has completed a $25-million drawdown under its previously announced credit facility of up to $80-million. In addition, the company reported on Friday that it converted $3.40-million of debt due to Sprott Private Resource Lending, Barak Fund and the company’s 44.86%... 

Mineral Deposits investor says won't take Eramet bid as market eyes better offer

By: Reuters     8th June 2018 The second-largest investor in Australia's Mineral Deposits said it would not accept a takeover bid by Eramet SA, as Mineral Deposits' shares surged, signalling investors expect the French miner to make a higher offer. Eramet made an all-cash takeover bid for its joint venture partner in a mine... 

Mineral Deposits investor says won't take Eramet bid as market eyes better offer

NFC invests $70m into KAZ Minerals’ Koksay project

By: Simone Liedtke     8th June 2018 China Nonferrous Metal Industry’s Foreign Engineering and Construction Company (NFC) will be investing $70-million into high-growth copper company KAZ Minerals’ Koksay project, in Kazakhstan. Following the investment, which is subject to certain conditions precedent, including regulatory... 

Patagonia’s Argentina mine produces 10 662 gold-equivalent ounces in Q1

By: Marleny Arnoldi     8th June 2018 Aim-listed gold and silver miner Patagonia Gold’s Cap Oeste gold mine, in Argentina, produced 10 662 oz of gold equivalent at an average cash cost of $693/oz in the first quarter of the year.  

Patagonia’s Argentina mine produces 10 662 gold-equivalent ounces in Q1
Cap Oeste project in Argentina

Sibanye-Stillwater receives recognition for Stillwater acquisition

By: Marleny Arnoldi     8th June 2018 Precious metals miner Sibanye-Stillwater has received the ‘Global Resources and Commodities Mergers & Acquisitions Deal of the Year’ award under the large-capital segment at the tenth yearly M&A Atlas Awards gala function, for its $2.2-billion acquisition of Stillwater Mining in mid-2017.  

Sibanye-Stillwater receives recognition for Stillwater acquisition
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Northern Vertex secures right of way for construction at Moss mines

By: Simone Liedtke     8th June 2018 TSX-V-listed Northern Vertex Mining has received certified grant letters for right of way (ROW) for the powerline, fibre-optics and access road construction for the Moss gold and silver mine, in Arizona. The letters and ROW, from the Bureau of Land Management (BLM), signal a “milestone which... 

Suncor production well-positioned for the remainder of the year

By: Simone Liedtke     8th June 2018 Energy company Suncor produced, on average, about 636 000 bbl/d of oil equivalent so far in the second quarter. This follows the completion of major planned turnaround activities and strong production from growth projects. 

Murchison Minerals expands prospective area in Canada

By: Marleny Arnoldi     8th June 2018 TSX-listed zinc/copper/silver miner Murchison Minerals has acquired more ground near its Brabant-McKenzie property, in Saskatchewan, Canada, by staking and is planning additional ground geophysics at the property.  

Alio Gold appoints executive VP, COO

By: Marleny Arnoldi     8th June 2018 TSX-listed gold miner Alio Gold has appointed Doug Jones as executive VP and COO.  

Nevada Sunrise acquires option to buy Nevada mine

By: Anine Kilian     8th June 2018 TSX-V-listed Nevada Sunrise Gold Corporation has entered into a 90-day due diligence period related to an option to buy the Coronado property, in Nevada. During the due diligence period, Nevada Sunrise will commission Geotech, of Aurora, Ontario, Canada, to fly a vertical transient... 

Honey Badger acquires Thunder Bay Silver & Cobalt Corporation

By: Marleny Arnoldi     8th June 2018 TSX-listed Honey Badger Exploration has acquired Thunder Bay Silver & Cobalt Corporation – a private company with assets comprising 359 claims, covering 6 880 ha within the Thunder Bay polymetallic silver camp, in Canada.  

Hannan Metals to raise C$1m for Irish project

By: Marleny Arnoldi     8th June 2018 TSX-listed base metals miner Hannan Metals will raise about C$1-million through a nonbrokered private placement of up to 6.7-million units of the company at a price of C$0.15 apiece.  

Teck recognised for its corporate citizenship

By: Anine Kilian     8th June 2018 Canadian diversified miner Teck Resources has been recognised as one of the top companies in Canada for corporate citizenship by media and investment research company Corporate Knights, marking the twelfth consecutive year Teck has been named to the Best 50 Corporate Citizens in Canada ranking.... 

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