R/€ = 16.77 Change: 0.05
R/$ = 14.25 Change: 0.07
Au 1201.30 $/oz Change: -6.92
Pt 829.00 $/oz Change: -7.99

Mining News

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... 

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... 

Local manufacturing expo to bolster exports, economy

By: Tasneem Bulbulia     10th September 2018 The South African Capital Equipment Export Council (SACEEC) will host its inaugural Local Manufacturing Expo next year, to showcase local manufacturing capabilities and bolster the country’s economic growth, SACEEC CEO Eric Bruggeman told attendees at a presentation during Electra Mining, on... 

Manganese takes pole position in ARM’s earnings surge

By: Martin Creamer     10th September 2018 Manganese formed the backbone of the earnings performance of diversified mining company African Rainbow Minerals (ARM) in the 12 months to June 30, delivering 64% of the headline earnings, at R1.9-billion, and helping the company move into a strong net cash position by recording the best margin.... 

Manganese takes pole position in ARM’s earnings surge
Photo by Creamer Media Chief Photographer Dylan Slater
African Rainbow Minerals CEO Mike Schmidt

Crade Arc signs Mali project exploration agreement with Indiana Resources

By: Marleny Arnoldi     10th September 2018 Aim-listed copper and gold miner Cradle Arc’s subsidiary Caracal Gold Mali has entered into a joint venture (JV) agreement with Mukuyu Resources for the exploration and development of Cradle’s 137 km2 Kossanto West gold project, in Mali. The area comprises the Kobokoto and Koussikoto... 

Potanin returns 2% in Norilsk Nickel to Abramovich -sources

By: Reuters     10th September 2018 Russian billionaire Vladimir Potanin has returned a 2% stake in Norilsk Nickel to Roman Abramovich and his partners, according to a source in a holding which manages Potanin's assets and a source familiar with the matter. The original sale of the stake was disputed in a London court by aluminium... 

First Majestic sees near-term production potential at Ermitano

By: Creamer Media Reporter      10th September 2018 Canadian silver miner First Majestic Silver exercised its option agreements over the Ermitaño and Cumobabi projects and has earned 100% of these projects, which are located near its operating Santa Elena mine, in Sonara, Mexico. In terms of a 2014 option agreement with Evrim Resources, First... 

Congo mining revenues triple in H1; oil revenues fall by a third

By: Reuters     10th September 2018 Democratic Republic of Congo's revenues from its mining sector nearly tripled in the first half of 2018 over the same period last year to $864.61-million, the finance ministry said. Revenues from the hydrocarbons sector, however, declined by a third to $67.75-million, the ministry said in a... 

Rushydro says sanctions cloud prospects for joining Rusal's smelter

By: Reuters     10th September 2018 Plans by Russia's power company Rushydro to join a new aluminium smelter project that Rusal wants to build in Siberia, have been complicated by international sanctions, Rushydro's head Nikolai Shulginov said on Monday. Rusal, ranked the world's No.2 aluminium producer after China's Hongqiao,... 

Mina do Barroso lithium resource continues to grow

By: Mariaan Webb     10th September 2018 Aim-listed Savannah Resources on Monday announced its third mineral resource estimate for its northern Portugal lithium project in less than seven months, with the resource shooting past the 20-million-tonne mark. The mineral resource estimate of the Grandao deposit has increased by 64% to... 

Mina do Barroso lithium resource continues to grow
Savannah Resources David Archer

Mali's Keita names new defence and mines ministers for second term

By: Reuters     10th September 2018 Malian President Ibrahim Boubacar Keita named new defence, mines and foreign ministers on Sunday as he began his second five-year term presiding over a country ravaged by jihadist and inter-ethnic violence. Keita was sworn in last week after winning a landslide re-election despite escalating... 

Orion completes Dalradian acquisition

By: Mariaan Webb     10th September 2018 Dalradian Resources, the developer of the Curraghinalt gold project, in Northern Ireland, is set to be delisted from the TSX after the end of trading on Monday, following the completion of a takeover by Orion Mine Finance. The company’s stock was cancelled from admission to trading on Aim by... 

Newmont backs Orosur with $2m placement, Colombia earn-in

By: Mariaan Webb     10th September 2018 TSX- and Aim-listed Orosur on Monday announced an exploration and option agreement with gold major Newmont Mining, which will see the gold major earn into the 207.5 ha Anzá project in Antioquia, Colombia. Newmont has also invested $2-million through a private placement in the cash-strapped... 

Ramelius launches hostile bid for Explaurum

By: Esmarie Swanepoel     10th September 2018 ASX-listed Explaurum has urged shareholders not to take any action regarding a hostile takeover offer from gold miner Ramelius Resources. Ramelius on Monday launched an all-scrip bid for Explaurum, offering one of its own shares for every four Explaurum shares held, valuing the takeover... 

Ramelius launches hostile bid for Explaurum

Chalice takes final stake in East Cadillac

By: Esmarie Swanepoel     10th September 2018 Dual-listed gold junior Chalice Gold Mines has moved to acquire the remaining 30% interest in the East Cadillac gold project, in Canada, from TSX-V listed joint venture partner Monarques Gold Corporation. Under the original option and farm-in agreement, Chalice in March this year met its maximum... 

Santos signs new gas deal with Visy

By: Esmarie Swanepoel     10th September 2018 Oil and gas producer has entered into a new gas supply agreement with packaging specialist Visy to supply wholesale gas for its New South Wales operations. The agreement starts on 1 January 2019 and was awarded following a competitive process. 

Todd River raises cash for exploration

By: Esmarie Swanepoel     10th September 2018 Base metals explorer Todd River Resources will raise A$4.2-million through a share placement to fund drilling at its Mt Hardy zinc/copper discovery, in the Northern Territory. The company has received form commitments for the first 12.5-million shares, at 8c each, to raise an initial A$1-million... 

Thiess wins Nickel West contract

By: Esmarie Swanepoel     10th September 2018 Mining services provider Thiess has been awarded a A$190-million underground mining contract for the Leinster project, in Western Australia, from BHP’s Nickel West division. The contract would span a minimum of 24 months, and will include the provision of a full range of underground mining... 

Syndicated reports maiden resources at Monument

By: Esmarie Swanepoel     10th September 2018 ASX-listed Syndicated Metals has reported a maiden Joint Ore Reserves Committee compliant resource of 855 000 t, at 1.8 g/t gold for 50 000 oz of contained gold at the Korong deposit, at its Monument gold project, in Western Australia. The company on Monday said that the initial inferred mineral... 

Palmer plans power station for Galilee project

By: Esmarie Swanepoel     10th September 2018 Mining personality and chairperson of Waratah Coal, Clive Palmer, has announced plans for the company to build a new A$1.54-billion coal-fired power station in Queensland’s Galilee Basin. The proposed 700 MW high efficiency low emission ultra-supercritical power station would be established on... 

All Beta Hunt options back on the table following high-grade discovery

By: Mariaan Webb     10th September 2018 Canadian miner RNC is reconsidering its options for the Beta Hunt mine and says it is no longer in exclusive discussions with a preferred bidder for the Western Australian mine, following a new high-grade gold discovery. RNC announced on Monday that it had produced 9 250 oz of high-grade gold... 

All Beta Hunt options back on the table following high-grade discovery
A 95 kg specimen stone containing an estimated 2 440 oz and a 63 kg specimen stone, containing 1 620 oz.

Tianqi Lithium says will comply with Chilean regulator on SQM investment

By: Reuters     10th September 2018 hina's Tianqi Lithium said on Saturday that it has agreed to comply with conditions set out by Chile's anti-trust regulator FNE regarding Tianqi's purchase of a stake in lithium producer SQM. In a statement, Tianqi Lithium said the decision represents an important next step in the process of... 

Tahoe restarts La Arena, provides more details on Escobal

By: Mariaan Webb     8th September 2018 TSX- and NYSE-listed Tahoe Resources has restarted mining operations at the La Arena mine, in Peru, and has shed more details about its understanding of the Guatemala Constitutional Court’s resolution related to the Escobal mining licence. At La Arena, Tahoe said on Friday that mining operations... 

Tahoe restarts La Arena, provides more details on Escobal
The Escobal mine, in Gautemala.

Eureka gold mine to restart production in H1 2019

By: Simone Liedtke     7th September 2018 Aim-listed Vast Resources hopes to restart production at the Zimbabwe-based Eureka gold mine, in which the company’s 25%-owned Dallaglio Investments holds a 95% interest, in the first half of 2019. Multiple work programmes are currently being undertaken at Eureka to restore the mine to... 

Unprotected strike halts production at Vametco vanadium mine

By: Tasneem Bulbulia     7th September 2018 Production has been temporarily stopped at the Vametco vanadium mine, near Brits, in the North West, owing to unprotected industrial action, Aim-listed Bushveld Minerals reported on Friday. The industrial action, which started on September 5, is in relation to historic legacy issues and... 

ARM mulling ‘very exciting’ growth opportunities – Motsepe

By: Martin Creamer     7th September 2018 Diversified mining company African Rainbow Minerals (ARM) is right now looking at some very exciting growth opportunities, its executive chairperson Patrice Motsepe said on Friday. After announcing the delivery of 51% higher headline earnings of R4 814-million in the 12 months to June 30... 

ARM mulling ‘very exciting’ growth opportunities – Motsepe
Photo by Creamer Media Chief Photographer Dylan Slater
African Rainbow Minerals executive chairperson Patrice Motsepe (right) with Mining Weekly Online's Martin Creamer at Friday's presentation of results

ABB equipment set for Kittilä gold mine in Finland

By: Tasneem Bulbulia     7th September 2018 The Kittilä mine has invested in multinational corporation ABB’s production and personnel hoists, and these are set to be installed and introduced at the mine during 2020/21 The ABB delivery includes one friction type production hoist with 2.5 MW of motor power and a 1.2 MW single drum personnel... 

Rio Tinto exec joins Turquoise Hill board

By: Creamer Media Reporter      7th September 2018 NYSE- and TSX-listed Turquoise Hill has appointed Rio Tinto VP for copper and diamond sales and marketing, Alan Chirgwin, to its board of directors. Chirgwin has extensive commercial background and a proven track record in the resources industry, specifically in the Asia Pacific region,... 

Pollution regulator issues notices to Coal India for environmental non-compliance

By: Reuters     7th September 2018 The pollution regulator for the central Indian state of Odisha issued notices to Coal India mines with a combined annual capacity of 20-million tonnes for non-compliance on environmental norms, according to a document seen by Reuters. The notices, issued in July and August to 2 mines, alleged... 

Glencore completes sale of Rosneft stake to Qatar

By: Marleny Arnoldi     7th September 2018 Global diversified miner Glencore has completed the sale of its 14.16% stake in Russian integrated energy company Rosneft to a wholly-owned subsidiary of Qatar Investment Fund (QIA) for €3.7-billion. Glencore now holds a direct equity stake in Rosneft of 0.57% and QIA holds a direct equity... 

Kavango receives permit for Botswana electromagnetic survey

By: Tasneem Bulbulia     7th September 2018 Exploration group Kavango Resources has received a permit for the airborne electromagnetic geophysical survey of its KSZ project in south-west Botswana. The permit for the flying of the electromagnetic survey (VTEM) to be carried out over the licences in the Kalahari Suture Zone area was granted... 

Galantas Gold announces private placement

By: Simone Liedtke     7th September 2018 Aim- and TSX-V-listed Galantas Gold on Friday announced a private placement for a maximum of 30-million shares, at £0.042 a share. This will achieve gross proceeds of £1.2-million, which is intended to be used for working capital purposes and to continue development of an underground mine on... 

Lundin has no plan to amend Nevsun offer

By: Tasneem Bulbulia     7th September 2018 Canadian firm Lundin Mining has announced that it would not amend its bid for all of the issued and outstanding shares of fellow Canadian miner Nevsun Resources. This comes after Nevsun earlier this week agreed to a friendly C$1.86-billion takeover by Zijin Mining, trumping Lundin's hostile... 

Aveng expects to wrap up noncore disposals by June 2019

By: Terence Creamer     7th September 2018 Embattled construction group Aveng expects to finalise the disposal of all noncore businesses by June 2019. Following a strategic review, the JSE-listed company identified Aveng Trident Steel, Aveng Grinaker-LTA, Aveng Manufacturing, as well as certain properties and other assets, for sale. 

Aveng expects to wrap up noncore disposals by June 2019

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