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Sierra Metals reports flat Q4 Ebitda, production increases

By: Marleny Arnoldi     Updated 4 hours ago TSX- and Peru-listed Sierra Metals reported adjusted earnings before interest, taxes, depreciation and amortisation of $17.4-million for the fourth quarter of 2018, compared with $17.5-million in the fourth quarter of 2017. The company processed 268 363 t, compared with 254 993 t processed in... 

Nevada like Witwatersrand of 1970s – Bristow 

By: Martin Creamer     Updated 5 hours ago Nevada is like the Witwatersrand of the 1970s, says new Barrick Gold president and CEO Dr Mark Bristow, whose Randgold Resources is now merged into Barrick to form the world’s biggest gold mining company, which is also an extractor of copper, a metal that Bristow sees as “another gold”. The brand... 

Mantashe calls for more security at mines following Gloria coal mine incident 

By: Simone Liedtke     Updated 5 hours ago Mineral Resources Minister Gwede Mantashe on Friday said the priority remains to restore ventilation at the Gloria mine, in Mpumalanga, and to reduce flammable gases underground so that the search and recovery process can continue with the necessary speed. He also called for security at mines to... 

Yamana forecasts stable-to-positive production growth to 2020

By: Nadine James     15th February 2019 TSX-listed Yamana Gold expects stable-to-positive production growth, with gold and silver output forecast to increase to 955 000 oz and 12-million ounces, respectively, by 2020. In the fourth-quarter and full-year results announcement on Thursday, the company stated that gold production would... 

Premier agrees to amended terms for KME acquisition, welcomes Ministry’s financial assistance

By: Simone Liedtke     14th February 2019 The board of Aim-listed Premier African Minerals has agreed to amended terms with KME Holdings for the proposed acquisition of KME’s assets and has, in addition, agreed to terms for the acquisition of 50% of the equity in the Zimbabwe-based near-term gold producer Honey Badger Resources (HBR).... 

Gold, operational costs drag down South Africa’s December mining production

By: Marleny Arnoldi     14th February 2019 South Africa’s mining production decreased by 1.6% year-on-year in 2018, following a 3.9% year-on-year increase in 2017 and a decrease of 3.7% year-on-year in 2016, Statistics South Africa (Stats SA) revealed on Thursday. In December, mining production decreased by 4.8% year-on-year, with the... 

Peru agency rules out tailings spill at Southern Copper mine

By: Reuters     13th February 2019 Peru's environmental regulator OEFA has concluded that mining waste from Southern Copper Corp's Cuajone unit did not spill into the environment during heavy rains last week. OEFA said in a statement late Tuesday that it was still supervising operations at Cuajone but had ruled out any tailings... 

Lower grades, higher costs contribute to lower FY18 adjusted earnings for Barrick 

By: Marleny Arnoldi     13th February 2019 Since merging with Randgold Resources six weeks ago, Barrick Gold Corporation on Wednesday said it has made progress in achieving its short-term priority goals and its full-year objectives. Barrick expects to produce between 5.1-million and 5.6-million ounces of gold and between 375-million and... 

Bristow snaps into fast action wearing Barrick crown 

By: Martin Creamer     13th February 2019 Dr Mark Bristow has snapped into fast action wearing the Barrick crown. His Randgold Resources, which now falls under the Barrick Gold umbrella, on Wednesday bowed out with panache when it declared a 35% dividend increase to $2.69 a share, buoyed by record production of 807 000 oz of gold at the... 

Taseko posts FY loss, expects higher copper pricing in 2019

By: Mariaan Webb     13th February 2019 Canadian miner Taseko is expecting increased copper prices in 2019 and a rebound in gross revenues and margins, after the fluctuations of the copper price last year resulted in a “challenging” operating environment. The company reported weaker production at its Gibraltar mine, in British... 

Australia flooding to disrupt lead, zinc concentrate rail shipments

By: Reuters     13th February 2019 Floods in Australia's Queensland state are set to disrupt the rail delivery of zinc exports to the northern port of Townsville, with the line likely to be out of action for at least a month, analysts said on Wednesday. The 1 000 km (620 mile) rail line is used by miners including Glencore, MMG... 

Myanmar increases resource confidence at Bawdwin

By: Esmarie Iannucci     13th February 2019 ASX-listed Myanmar Metals has reported a 50% increase in the indicated resource estimate for its Bawdwin polymetallic mine, in Myanmar, which is now estimated to host the world’s largest primary lead resource. The indicated mineral resource has now been estimated at 37.2-million tonnes, at 4.3%... 

Federal govt flags funding for critical minerals

By: Esmarie Iannucci     13th February 2019 The resources sector has welcomed the federal government’s decision to prioritise Cooperative Research Center Project (CRC-P) grants for critical minerals such as lithium, cobalt and titanium. Industry, Science and Technology Minister Karen Andrews said on Wednesday that for the first time,... 

Harmony exploring Target North, Kalgold 

By: Martin Creamer     12th February 2019 Harmony Gold is currently adjudicating a tender for the drilling of the Target North greenfield exploration project in the Free State and is engaged in near mine brownfield exploration at Kalgold in the North West. Harmony Gold CEO Peter Steenkamp on Tuesday described the Target North prospect as... 

Bezant outlines mining options for Mankayan project

By: Simone Liedtke     12th February 2019 Aim-listed Bezant Resources on Tuesday said that an independent study had found that the Mankayan copper/gold porphyry supported different robust routes for the future development of its Philippines-based project. This included, for the first time, a sub-level caving (SLC) ‘stepping stone’... 

Xtract concludes MoA to explore for copper/gold resource in Zambia

By: Tasneem Bulbulia     11th February 2019 Xtract Resources on Monday concluded a memorandum of agreement (MoA) with an unnamed consortium to jointly undertake exploration works on a small-scale copper/gold mining licence, in Zambia. The parties hope to identify a copper/gold resource at the licence within 24 months. 

Metal Tiger raises funds to support exploration in Botswana

By: Tasneem Bulbulia     11th February 2019 Aim-listed Metal Tiger on Monday announced the placing of 70.01-million shares, at a price of 1.45p each, with new and existing investors to raise gross proceeds of about £1-million. In addition to the placing, Metal Tiger also announced that it has signed a nonbinding term sheet with Sprott... 

Disgruntled unpaid mineworkers allegedly hampering rescue efforts at Gloria coal mine

By: News24Wire      11th February 2019 The fate of approximately 22 alleged copper thieves trapped underground hangs in the balance as rescue efforts are allegedly being hampered by disgruntled unpaid mineworkers. "They have threatened us and the contractors and they've told us under no circumstances are we allowed to continue [rescue... 

Codelco plans to resume Chuquicamata mine operations after rains

By: Reuters     11th February 2019 Chilean State miner Codelco said on Saturday it hoped to soon restart operations at its northern Chuquicamata copper mine a day after heavy rains forced its suspension. Codelco said operations at its smaller Ministro Hales mine restarted late on Friday after several hours' suspension and that... 

Cornerstone tells SolGold that its proposed offer will not succeed

By: Mariaan Webb     11th February 2019 TSX-V-listed Cornerstone has told its potential suitor that it will not be successful in a takeover of the company, after LSE- and TSX-listed explorer SolGold on Friday announced for the second time its intention to make an offer for Cornerstone. SolGold said on Friday that it believed all... 

Green light for Taseko’s BC copper project buy

By: Mariaan Webb     11th February 2019 The shareholders of development stage company Yellowhead Mining have approved a takeover by base metals miner Taseko Minerals, giving the larger company full ownership of the Harper Creek copper/gold/silver project, in British Columbia. The acquisition was approved by 99.98% of Yellohead’s... 

Peru's environmental watchdog reports tailings spill from Southern Copper mine

By: Reuters     11th February 2019 Peru's environmental watchdog said on Sunday it was investigating a tailings spill from a unit of Southern Copper Corp, one of the world's largest copper producers, into a river in an area that has been inundated by heavy rains. The Agency of Evaluation and Environmental Enforcement (OEFA) said... 

Better techniques are making a big difference in drilling and blasting, says MAXAM

By: Kim Cloete     8th February 2019 Advanced technologies in mining explosives are making major inroads in the mining industry. This was highlighted by MAXAM, a global technological leader specialising in the design, development, manufacture and application of energetic solutions, at the Investing in African Mining Indaba, in Cape... 

Codelco part-suspends operations amid heavy rain

By: Reuters     8th February 2019 Chilean State miner Codelco said on Friday heavy rains had forced suspension of operations at its northern copper mines Chuquicamata and Ministro Hales. Codelco said it had sent its daytime shift of workers home as a preventative measure and would evaluate whether to cancel its night shift as well. 

Glencore's Zambian unit suspends operations after three workers die in fire 

By: Reuters     8th February 2019 Glencore's Zambian unit Mopani Copper Mines said on Friday it had suspended operations at its Mindola north shaft after three workers were killed in a fire accident. Mopani is one the biggest mining companies in Zambia – Africa's No. 2 producer of the metal – with an output of around 100 000 t/y.... 

SolGold disappointed by Cornerstone’s quick snub

By: Mariaan Webb     8th February 2019 Australian company SolGold on Friday expressed its frustration at the rejection of its planned bid for Canadian firm Cornerstone – a company that holds 15% of the Cascabel copper/gold project in Ecuador. Cornerstone rejected the intended offer meant to consolidate SolGold’s ownership in Cascabel... 

Company launches fluids for electric and hybrid vehicles

8th February 2019 Petroleum refinery company Total consolidated its position as key player in electric mobility by launching an innovative line of fluids for electric and hybrid vehicles. Launched in December last year, these products have been specially developed to meet the cooling and lubrication needs of the... 

Big economic opportunity being missed as ewaste piles up

By: Natasha Odendaal     8th February 2019 The rise in electronic and electrical waste (e-waste) is resulting in a lost economic opportunity of $62.5-billion a year– a value greater than the gross domestic product of most countries – a new report shows. Each year, about 50-million tonnes of e-waste is being discarded – with less than 20%... 

Fourteen NGOs oppose LME plans to ban tainted cobalt

By: Reuters     7th February 2019 Fourteen nongovernmental organisations (NGOs) including Amnesty and Global Witness have opposed plans by the London Metal Exchange to ban cobalt tainted by human rights abuses, a letter seen by Reuters showed. Cobalt is a key ingredient in the batteries that power electric vehicles, a... 

Anglo Asian announces highest-ever production guidance

By: Creamer Media Reporter      7th February 2019 Aim-listed gold, copper and silver producer Anglo Asian has announced its highest-ever production guidance, forecasting metal production of between 82 000 and 86 000 of gold-equivalent ounces (GEOs) for 2019. The guidance compares with a target range of 78 000 GEOs to 84 000 GEOs in 2018 and... 

Trilogy, South32 up exploration budget for Alaska projects

By: Creamer Media Reporter      7th February 2019 Vancouver-based explorer Trilogy Metals has increased the exploration budget for its Upper Kobuk Mineral Projects (UKMP), after its partner South32 agreed to equally fund an exploration programme along the Ambler volcanogenic massive sulphide (VMS) belt in north-west Alaska. The partners have... 

Namibia Critical Metals signs deal for Kunene small-scale mining initiative

By: Natasha Odendaal     7th February 2019 TSX-V-listed Namibia Critical Metals has signed a deal with a private, undisclosed Namibia-based group for the development of a small-scale manganese mine at its wholly-owned subsidiary Kunene Resources Namibia’s operations. The agreement allows the local Namibian group to produce manganese... 

New graphite factory bolsters mining, foundry product offerings

By: Schalk Burger     7th February 2019 A new graphite facility, Graphite Freezeline Solutions, was opened last month on industrial engineering firm Thos Begbie’s manufacturing campus, in Middelburg. It will reduce the time to manufacture products that include graphite components, especially for the mining and foundry industry, says... 

Zimbabwe lithium project wins the Mining Indaba’s Investment Battlefield competition 

By: Kim Cloete     7th February 2019 Junior mining company, Prospect Resources, has won the 2019 Mining Indaba Investment Battlefield for its lithium project located in Zimbabwe. Prospect Resources executive director Harry Greaves scooped the first prize at the Investing in African Mining Indaba, in Cape Town, after pitching the... 

Death toll rises to six at South Africa coal mine gas explosion

By: News24Wire      7th February 2019 The number of people killed by a gas explosion in an unused coal mine in South Africa's eastern province of Mpumalanga has risen to six, and several others remain trapped, an official at the mine said on Thursday. The representative of the creditor protection team at the mine, Michael Elliot,... 

Ford digs up litany of unexplored claims ahead of inquest into burnt Kuga

By: News24Wire      6th February 2019 Unexplained casino chips, a "bullet cartridge" and a suspicious maroon car are among a litany of unexplored claims which the Ford Motor Company dug up ahead of a High Court inquest into the death of Reshall Jimmy. Jimmy's burnt body was found in his Ford Kuga four years ago while he was on... 

Congo 2018 copper output up 12.9% to 1.2Mt – Chamber of Commerce

By: Reuters     6th February 2019 Copper production in Democratic Republic of Congo, Africa's top producer, rose 12.9% in 2018 to 1.2-million tonnes, the Chamber of Commerce said in a presentation on Wednesday. Output of cobalt, a key component of electric car batteries, rose 43.8% to 106 439 t, while gold production increased by... 

Working together can deliver mining’s massive benefits – Friedland 

By: Martin Creamer     6th February 2019 Mining can and will deliver massive benefits if all stakeholders work together, Ivanhoe Mines executive co-chairperson and founder Robert Friedland said on Wednesday Speaking on the third day of the Investing in African Mining Indaba, he outlined the huge potential of collaborative government,... 

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