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Mining News

Nersa to make Eskom tariff decision before March 15  

By: Terence Creamer     5th February 2019 The National Energy Regulator of South Africa (Nersa) says it will make a ruling on Eskom’s heavily contested revenue application before March 15, but has not committed to a firm date for the release of the determination. Full-time regulatory member Nomfundo Maseti, who chaired the marathon... 

Audit of burst Brazil dam found issues with drainage, monitoring - reports

By: Reuters     5th February 2019 A report commissioned by Brazilian miner Vale SA last year to look into the stability of the tailings dam that ruptured January 25 certified it as sound but raised concerns over its drainage and monitoring systems, newspaper Folha de S. Paulo reported on Tuesday. The report by German-based TÜV... 

SA mining is a sunrise industry – Ramaphosa 

By: African News Agency      5th February 2019 President Cyril Ramaphosa said on Tuesday that the mining industry in South Africa is not a sunset industry, rather it is a sunrise industry.  Speaking on the second day on the 25th annual Investing in African Mining Indaba in Cape Town, Ramaphosa said government recognised the important role... 

SA mining is a sunrise industry – Ramaphosa
President Cyril Ramaphosa

Industry ready to improve CSI programmes in mining communities

By: African News Agency      5th February 2019 The Minerals Council South Africa said on Tuesday it was working to improve relationships between mines and communities, and to improve the developmental outcomes of companies' corporate social investment programmes. Minerals Council senior executive for public affairs and transformation, Tebello... 

Corruption over the past years crippled mining sector – Minerals Council

By: African News Agency      5th February 2019 The damage that was done to South Africa's economy over the past nine years before Cyril Ramaphosa became President has had huge impact on the investability of the mining sector, Minerals Council of South Africa CEO Roger Baxter said on Tuesday. "A year ago we arrived in Cape Town for the 2018... 

Barrick’s Bristow calls for a mindset change in the gold industry  

By: Kim Cloete     5th February 2019 Mark Bristow, the president and CEO of gold producer Barrick Gold has accused mining companies, investors and host countries of succumbing to the desire of instant gratification and for not investing deeply in the industry. He called for a mindset change in an industry that has been plagued with... 

Barrick’s Bristow calls for a mindset change in the gold industry
Photo by Bloomberg
Barrick Gold president and CEO Mark Bristow

Lily mine could start recruiting new employees in March

By: African News Agency      5th February 2019 Siyakhula Sonke Empowerment Corporation (SSC), the new owners of the ill-fated Lily Mine in Mpumalanga, said on Tuesday that it would soon resume operations after the process of recruiting new employees started early this year. Tuesday marked the third anniversary of an accident at Lily Mine in... 

Centrica, Tokyo Gas sign deal to buy LNG from Mozambique

By: Reuters     5th February 2019 British energy supplier Centrica and Tokyo Gas have agreed to jointly buy 2.6-million tonnes of liquefied natural gas (LNG) a year from Mozambique LNG Company, the firms said on Tuesday. Centrica LNG Company, a subsidiary of Centrica, and the Japanese energy company said the LNG would be... 

Eskom’s own survival at risk should big hikes be permitted, EIUG warns  

By: Terence Creamer     5th February 2019 The Energy Intensive User Group (EIUG) has added its voice to the overwhelming chorus of societal opposition to Eskom’s latest tariff submission, warning on Tuesday that above-inflation hikes would have “immediate, catastrophic and irreversible” consequences for South Africa’s mining and... 

Eskom’s own survival at risk should big hikes be permitted, EIUG warns
Photo by Dylan Slater
Nersa panel members listen to submissions during the marathon Gauteng leg of the regulator's nationwide public hearings process

Time to make Africa prosperous – Ghana President   

By: Martin Creamer     5th February 2019 It is time for Africa to make itself and its people prosperous by making use of mineral resources and modern technology to create a new world shorn of greed and cupidity, Ghana President Nana Akufo-Addo said on Tuesday. In an opening address on the second day of the Investing in African Mining... 

Time to make Africa prosperous – Ghana President
Ghana President Nana Akufo-Addo tells mining companies what they can expect when investing in Ghana. Video and editing: Nicholas Boyd.

High Court to hear environmental organisations’ application for access to coal IPP documents 

By: Marleny Arnoldi     5th February 2019 The Pretoria High Court will, on Wednesday, hear an application brought by environmental organisations, groundWork and Earthlife Africa, for the handover of various documents relating to the judicial review of the environmental authorisations granted to two coal-fired power station preferred... 

BlueRock recovers 8.97 ct diamond at Kareevlei

By: Tasneem Bulbulia     5th February 2019 Aim-listed BlueRock Diamonds has recovered an exceptional 8.97 ct diamond at its Kareevlei mine, in the Kimberley region of South Africa. This will be the third diamond to be recovered at Kareevlei that is independently valued at more than $50 000. 

Expect some tough announcements on Eskom soon – Davies 

By: News24Wire      5th February 2019 Eskom is in deep trouble financially and operationally and South Africa is facing enormous challenges in the electricity industry, Minister of Trade and Industry Rob Davies said on Tuesday. Davies was a guest speaker at a round table discussion hosted by the Department of Trade and Industry on... 

Expect some tough announcements on Eskom soon – Davies
Photo by Creamer Media
Trade and Industry Minister Rob Davies

Mantashe to investors: Don't listen to doomsayers, invest in SA

By: News24Wire      5th February 2019 Investors must be shown that there are opportunities to make money and that is what we offer them in the South African mining industry, Minister of Mineral Resources Gwede Mantashe said on Tuesday. He was one of the guest speakers at a roundtable hosted by the Department of Trade and Industry... 

 Mantashe to investors: Don't listen to doomsayers, invest in SA
Mineral Resources Minister Gwede Mantashe

Zinc One unveils maiden resource estimate for Peru project

By: Simone Liedtke     5th February 2019 TSX-V-listed Zinc One Resources has announced a maiden initial resource estimate for the Bongará zinc mine project, in north-central Peru. The estimate consists of an indicated mineral resource of 812 000 t averaging 18.9% zinc containing 339-million pounds of zinc at a 10% zinc cut-off and an... 

Metals streaming transactions to raise capital gain traction in Africa – Baker McKenzie

By: Tasneem Bulbulia     5th February 2019 Metals streaming transactions as a way to raise capital for development or acquisition financing is gaining popularity among African mining companies, says Baker McKenzie managing partner Morne van der Merwe and Banking and Finance head Wildu du Plessis.   They point out that such transactions... 

Newmont appoints Rio Tinto exec as new COO

By: Creamer Media Reporter      5th February 2019 Global gold miner Newmont has appointed Rio Tinto’s head of productivity Rob Atkinson as executive VP and COO with effect from June 1, the company announced on Monday. Atkinson will succeed Tom Palmer, who is taking over as CEO from Gary Goldberg, who will retire in the fourth quarter. 

Thor envisions Nigeria gold mine construction to start in Q2

By: Marleny Arnoldi     5th February 2019 Canadian junior Thor Exploration’s definitive feasibility study (DFS) at its Segolila gold project, in Nigeria, envisions a construction start date in the second quarter of the year and an 18-month construction period, for an initial five-year mine life. The company is proceeding with... 

W advances La Parrilla development, production exceeds 50 t

By: Simone Liedtke     5th February 2019 Aim-listed W Resources on Tuesday announced that it had completed further shipments of tungsten concentrate from its La Parrilla mine, in Spain, where development remained on track as construction of the jig plant advanced towards completion. Following the first shipment, announced in December, W... 

Ford engages the mining sector on the road to more EVs

By: Kim Cloete     5th February 2019 Ford is quickening its pace towards the mass production of electric vehicles (EVs) and researching how the mining industry can help it to achieve its goals. “There are tremendous investments taking place at every level to achieve this radical revolution in the automotive industry,” Ford energy... 

Gold Fields revamps Granny Smith circuits

By: Esmarie Iannucci     5th February 2019 Gold miner Gold Fields will install one of the world’s largest renewable energy microgids at its Granny Smith gold mine, in Western Australia. The miner on Tuesday said that more than 20 000 solar panels and a 2MW/1MWh battery system would be installed at the mine, with the grid to be... 

OceanaGold outlines 2019 targets; Waihi expansion proceeds

By: Esmarie Iannucci     5th February 2019 Gold miner OceanaGold is expecting to produce between 500 000 oz and 550 000 oz of gold and between 14 000 t and 15 000 t of copper in the 2019 full year. This is in line with the 533 300 oz of gold and 15 000 t of copper produced during 2018, at an all-in sustaining cost (AISC) of A$767/oz. 

GR Engineering wins Carrapateena contract

By: Esmarie Iannucci     5th February 2019 Project house GR Engineering Services has won a A$16.3-million engineering, procurement and construction (EPC) contract from fellow-listed Oz Minerals for the design and construction of the Northern Wellfield at the Carrapateena project, in South Australia. The scope of the work will include... 

AuStar looks to restart Victorian mines

By: Esmarie Iannucci     5th February 2019 Gold production from the historic Morning Star and Rose of Denmark gold mines, in Victoria, will start shortly, ASX-listed AuStar Gold reported on Tuesday. Mining will start at both mines, with ore to be processed at the Morning Star gravity processing plant, AuStar told shareholders, noting... 

DGO rasies cash for NTM deal

By: Esmarie Iannucci     5th February 2019 Gold developer DGO Gold is undertaking a one-for-six non-renounceable pro-rata rights offer in the hopes of raising some A$2.7-million. The shares on offer will be priced at 65c each, representing a discount of 7.14% to the company’s closing price over the last month, and a 4.41% discount to the... 

Bellevue resource increases by 47%

By: Esmarie Iannucci     5th February 2019 ASX-listed Bellevue Gold has reported a 47% increase in the inferred resource estimate at its Bellevue gold project, in Western Australia. Following recent drilling targeting the Bellevue Surrounds mineralisation, the company was now estimating an inferred mineral resource of 1.53-million... 

Coal was Australia’s biggest export earner in 2018

By: Esmarie Iannucci     5th February 2019 New data from the Australian Bureau of Statistics (ABS) has revealed record exports from Australia in 2018, with resources earnings export revenues of some A$248-billion. This was the highest-ever annual export value and accounted for 72% of Australia’s goods exports. 

Coal was Australia’s biggest export earner in 2018

Hudson starts calcium feldspar production in Greenland

By: Marleny Arnoldi     5th February 2019 TSX-V-listed Hudson has started production ramp-up at its wholly owned White Mountain anorthosite calcium feldspar mine, in Greenland. Leading up to the ramp-up, the company completed the testing of all major equipment components, finding that all equipment was performing as expected, except... 

Improved operational performance, prices drive Amplats’ FY18 earnings higher

By: Marleny Arnoldi     5th February 2019 Anglo American Platinum (Amplats) expects to report basic earnings of R6.5-billion for the year ended December 31 – a 289% increase on basic earnings reported for 2017. This translates to basic earnings a share of R25, compared with the R7.41 a share reported for 2017.  

Zambia will enforce copper import tax – mining minister

By: Reuters     5th February 2019 Zambia is determined to enforce a new 5 percent copper import duty, as part of a plan to keep a greater share of mineral resource profits for the country and tackle its debt, Mining Minister Richard Musukwa said. Musukwa was speaking on the sidelines of the Indaba mining conference in Cape Town,... 

Partnerships central to the Investing in African Mining Indaba

By: Kim Cloete     4th February 2019 Mutually beneficial partnerships are at the heart of the Investing in African Mining Indaba, in Cape Town, this year, which has grown from a conference attended by a few hundred attendees to around 4 000 in its twenty-fifth anniversary year this year. “The mining industry is in a position to make... 

Brazil court tells Vale to halt its largest Minas Gerais mine

By: Reuters     4th February 2019 Vale said on Monday that a Brazilian state court has ordered it to stop using eight tailings dams in the wake of a disaster last month that likely killed more than 300 people, a step that will crimp nearly 9% of the company's annual iron ore output. The move is the first step by Brazilian... 

Barrick partners with junior to explore Guiana Shield

By: Marleny Arnoldi     4th February 2019 Canadian explorer Reunion Gold has formed a strategic alliance with gold major Barrick Gold to jointly explore and develop prospects in South America’s Guiana Shield. Concurrently, TSX- and NYSE-listed Barrick will increase its interest in TSX-V-listed Reunion to 19.9%, from 15%, for 35-million... 

Barrick partners with junior to explore Guiana Shield

Finland's Keliber investigating equity financing options for lithium project

By: Creamer Media Reporter      4th February 2019 Finland’s Keliber has appointed Carnegie Investment Bank and Nordea Bank as advisers for the equity financing for the company’s mining and lithium chemical production project. The advisers will explore different financing options, including a potential initial public offering through a listing... 

South32’s South Africa Energy Coal expresses concern about Eskom’s fragile state 

By: Kim Cloete     4th February 2019 Mining and metals company South32 says it is concerned about the challenges that have increasingly threatened the stability of South African power utility Eskom and needs to ensure the continuity of supply of its coal to Eskom in the long run. South32’s South Africa Energy Coal (SAEC) company... 

South32’s South Africa Energy Coal expresses concern about Eskom’s fragile state
Globally diversified mining and metals company, South32, says it is concerned about the challenges that have increasingly threatened the stability of Eskom. Video and editing: Nicholas Boyd

Busa calls for inflation-linked Eskom hikes until power market is restructured  

By: Terence Creamer     4th February 2019 Business Unity South Africa (Busa) has urged the National Energy Regulator of South Africa (Nersa) to suspend its methodology for setting power tariffs and to grant Eskom only inflation-linked increases until the electricity supply industry has been restructured. In a presentation during Gauteng... 

Busa calls for inflation-linked Eskom hikes until power market is restructured
Photo by Dylan Slater
BUSA’s Martin Kingston

AfriTin discovers lithium occurrences at Namibia licence

By: Tasneem Bulbulia     4th February 2019 AfriTin Mining has discovered significant grades of lithium, in addition to tin, in pegmatites in the ML 133 licence, located in the Nainais area, near its Uis tin mine, in Namibia. Recent test work indicates that the most abundant lithium-bearing mineral present is petalite, with lesser... 

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