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Botswana to spend $495m to extend power grid to northwest

By: Reuters     22nd January 2018 The Botswana Power Corporation (BPC) on Monday launched a P4.8-billion ($495-million) project to build an electricity transmission line to connect the northwest of the country, a centre of copper mining and tourism, to the national grid. Domestic consumers in the region currently rely on imports... 

Altus’s Daro prospect encouraging after reconnaissance exploration programme

By: Natasha Odendaal     22nd January 2018 Aim-listed Altus Strategies has reported encouraging gold and copper results from its Daro project, in northern Ethiopia, following a recently completed reconnaissance exploration programme. A follow-up stream sediment sampling programme across 165 km2 of the 412 km2 Daro licence area is now... 

Atalaya increases copper output in first full year of production

By: Natasha Odendaal     22nd January 2018 Aim- and TSX-listed Atalaya Mining has delivered an increase in copper output during the first full year of commercial production as mining operations stabilise quarter-on-quarter. Proyecto Riotinto, in Andalucía, Spain, achieved 37 164 t of copper production in 2017, a rise on the 26 179 t... 

Tiger sells DRC assets to Chinese consortium

By: Creamer Media Reporter      22nd January 2018 Copper miner Tiger Resources, which has been in voluntary suspension on the ASX for nearly a year, announced on Monday that it would sell its Kipoi mine and other Democratic Republic of Congo (DRC) assets to a Chinese consortium. Sinomine Fuhai (Hong Kong) Overseas Resources Investment, a special... 

Rio Tinto strengthens presence in Mongolia with new exploration office

By: Creamer Media Reporter      22nd January 2018 Global mining major Rio Tinto will open a new office in “strategically important” Mongolia to strengthen its presence in a country in which it had already invested $7-billion in the last eight years. The office in Ulaanbaatar will be separate from Oyu Tolgoi – the large copper and gold mine that... 

Nevsun discovers new high-grade copper/gold deposit east of Timok Upper Zone

By: Henry Lazenby     20th January 2018 Base metals producer Nevsun Resources announced this week that it has discovered a new high-grade copper/gold deposit about 500 m east of the Timok Upper Zone, in Serbia. Ongoing drilling has intersected new high-sulphidation epithermal (HSE) copper/gold mineralisation, similar to that found at... 

Sula to pursue DRC cobalt opportunities as it changes name to African Battery Metals

By: Mia Breytenbach     19th January 2018 Multicommodity exploration and development company Sula Iron & Gold, which has changed its name to African Battery Metals (ABM), will now focus on developing its cobalt exploration licences in the Democratic Republic of Congo (DRC). Trading in the company’s shares under the new name started on... 

Weatherly posts double-digit production growth in December quarter

By: Natasha Odendaal     19th January 2018 Aim-listed Weatherly International produced 4 739 t copper cathode from its Tschudi mine during the December quarter – 11.5% above nameplate capacity and 15% higher than the preceding quarter. This brought production for the first half of the company’s financial year to 8 843 t or 4% ahead of... 

Regulatory uncertainty casting shadow over South Africa amid forecast for further minerals market uptick

By: Mia Breytenbach     19th January 2018 The South African mining industry has had a tumultuous time because of the controversial Reviewed Draft Broad-Based Black Economic Empowerment Charter for the South African Mining and Minerals Industry, also known as Mining Charter III, which, amid lingering political uncertainty, led to low... 

Millennials snubbing diamonds has hedge fund seeing slump deepen

By: Bloomberg     19th January 2018 Diamonds are set to slump further, according to a hedge fund whose bet on marijuana made it the world’s best performer in 2016. Prices of the precious gem may slump as much as 10% this year as it loses appeal with younger consumers and faces challenges from synthetic alternatives, said... 

South African company building new smelter in Zimbabwe

By: Victor Moolman     19th January 2018 Foundry and engineering company Thos Begbie is working in the Great Dyke of Zimbabwe, close to the town of Shurungwi, where it is helping to construct the Unki platinum smelter, adjacent to a mining operation owned by platinum mining company Anglo American Platinum (Amplats). Thos Begbie was... 

OceanaGold achieves record yearly production

By: Mia Breytenbach     18th January 2018 Dual-listed gold miner OceanaGold has ended 2017 on a high note, with the company on Thursday reporting record full year and fourth-quarter gold production of 574 606 oz, and 166 211 oz, respectively. The record quarterly production led to OceanaGold achieving its yearly guidance for the sixth... 

Turquoise Hill says Oyu Tolgoi declares force majeure due to border protests

By: Reuters     18th January 2018 Turquoise Hill Resources said that Oyu Tolgoi, a copper and gold mine in the southern Gobi Desert, has declared force majeure in connection with customer contracts for concentrate due to a protest by Chinese coal transporters in the Ganqimaodu Border Zone. Protesters used vehicles to obstruct... 

Galantas share price rises sharply in London

By: Mariaan Webb     18th January 2018 The share price of Aim- and TSX-V-quoted Galantas Gold surged more than 80% in London on Thursday, after the company reported solid progress at its Omagh gold mine development in Northern Ireland. The dual listed miner’s share price climbed to 9p a share, from the previous day’s closing price of... 

BHP maintains guidance for most commodities, targets 6% volume growth

By: Dylan Slater     18th January 2018 Multinational miner BHP on Thursday kept its full-year production guidance unchanged for all commodities, except metallurgical coal, and said that it would achieve 6% volume growth in the 2018 financial year.  

Tracking Europe's waste: 'There's gold in them landfills'

By: Reuters     18th January 2018 Some of Europe's richest deposits of valuable materials are in the trash, ranging from gold in smartphones to cobalt in electric car batteries, according to a survey of urban mining published on Wednesday. Scrap vehicles, batteries, computers, fridges and other electronic and electrical waste... 

BHP second-quarter iron-ore output up 3%, maintains forecast

By: Reuters     18th January 2018 Global miner BHP on Thursday reported a 3% rise in second-quarter iron-ore production year over year and said it expects to meet its full-year target as prices for the steelmaking ingredient outperform forecasts. BHP's iron-ore output climbed to 72-million tonnes for the three months ended... 

Chile's Corfo, SQM strike deal in lithium dispute

By: Reuters     18th January 2018 Chilean development agency Corfo said on Wednesday that it had struck a deal with lithium company SQM, ending a long dispute over royalties in Chile's Salar de Atacama, home to one of the world's richest lithium deposits. The deal frees the miner to apply for an increase in its production quota... 

Output at Chile's Escondida copper mine falls 7.8% in 2017

By: Reuters     18th January 2018 Output at BHP Billiton's Escondida mine, in Chile, the largest copper mine in the world, fell 7.8% in 2017 compared to the prior year due to a prolonged strike, the company said in a statement on Wednesday. The decline to 903 000 t came despite the start of operations at a new wing. 

Georgian Mining appoints COO to its board

By: Creamer Media Reporter      17th January 2018 Copper/gold company Georgian Mining has appointed its COO, Michael Struthers, to the board of directors with immediate effect. He is replacing Martyn Churchouse, who is stepping down as exploration director, but will continue to work on behalf of the company as a senior adviser focused on... 

OZ takes advantage of higher copper price, lifts 2018 guidance

By: Megan van Wyngaardt     17th January 2018 ASX-listed OZ Minerals has marked 2017 as a year of strong production and financial performance, with the miner reporting on Wednesday that it had achieved its copper production guidance for the third consecutive year, and that it had exceeded its gold guidance. Noting that it had made... 

Anglo Asian's Azerbaijan gold output fell 1.2% in 2017

By: Reuters     17th January 2018 Azerbaijan's top gold producer, Anglo Asian Mining, said on Tuesday its yearly output had fallen 1.2% in 2017 to 71 461 oz, still within its target range of 64 000 to 72,000 ounces. The London-listed firm said copper production rose 2.6% to 1 991 t, and silver output rose 4.7% to 172 853 oz. 

GoldMining lifts global resource estimate with a million indicated ounces from Crucero

By: Henry Lazenby     17th January 2018 Americas-focused project developer GoldMining Inc has reported a new Canadian National Instrument 43-101-compliant resource estimate for its newly acquired Crucero project, in south-eastern Peru, adding about one-million ounces of gold in the indicated category to its global resource profile. The... 

Two top gold miners hit 2017 gold guidance

By: Henry Lazenby     17th January 2018 Two of the world’s largest gold producers by volume have realised their production goals for 2017. Toronto-based Barrick Gold, currently still the world’s largest gold producer by output, on Tuesday announced that preliminary full-year gold output of 5.32-million ounces for 2017 was in line with... 

Miners bolster senior ranks in preparation for fast-paced 2018

By: Henry Lazenby     16th January 2018 Several Canadian listed miners reported senior management changes on Tuesday. Marine mining hopeful Nautilus Minerals announced Tuesday that Tariq Al Barwani has been appointed to the role of nonexecutive chairperson. Al Barwani joined the board in May 2016. He is a director and shareholder of MB... 

November mining figures impress, but volatility seems to be on the cards

By: Megan van Wyngaardt     16th January 2018 While the local November mining production statistics showed a relatively solid increase by 6.5% year-on-year, bolstered by platinum group metals (PGMs), iron-ore and coal, the longer-term prospects for the industry remain less certain, owing to a difficult operating environment and policy... 

As stockpiles fall, which metals are really in tight supply?

By: Reuters     16th January 2018 Stocks of industrial metals in London Metal Exchange (LME) warehouses fell more than 40 percent last year and further declines are expected in 2018, which should in theory signal tighter supplies and fuel a blistering price rally. But rising inventories of metals at smaller rival exchanges... 

New indaba seeks to clear logistics, infrastructure challenges

By: Megan van Wyngaardt     16th January 2018 The Cross-Border Mining Services Africa Indaba, which aims to bring senior-level professionals from mining companies, as well as mining contractors; engineering, procurement and construction management companies; logistics companies; third- and fourth-party logistics providers; and finance and... 

Copper falls most in 6 weeks as metal rally starts to give

By: Bloomberg     16th January 2018 After a non-stop rally, metals prices are starting to pull back. Copper, aluminium and nickel slid more than 2% on Tuesday as investors focused on the rebounding dollar and evidence of ample supply in the physical market. Precious metals also retreated, with silver falling as much as 3.2%. 

Avanco takes option on Vale’s Pantera copper project

By: Megan van Wyngaardt     16th January 2018 ASX-listed Avanco has agreed terms for an option to acquire 100% of the Pantera copper project from Brazilian major Vale, with a payment of $500 000 paid upon signing. Located near Avanco’s existing operations in the Carajás mineral province, in Brazil, the 9 7000 ha Pantera licence has the... 

Rio Tinto maintains fourth-quarter guidance across the board

By: Anine Kilian     16th January 2018 Global miner Rio Tinto reported on Tuesday that it had met its iron-ore shipment guidance for the three months ended December 31, 2017, noting a 1% rise in shipments for the year to 330.1-million tonnes. "The business performed well in the fourth quarter and we finished the year in line with... 

Acacia’s Q4 gold production slumps on export ban

By: Mia Breytenbach     15th January 2018 While LSE-listed Acacia Mining’s gold production for the fourth quarter in 2017 was slightly ahead of expectations at 148 477 oz, it was 30% lower quarter-on-quarter as a result of its flagship Bulyanhulu gold mine in Tanzania having downscaled operations. The miner’s decision to reduce... 

CAML's copper output at top-end of guidance

By: Mariaan Webb     15th January 2018 The Kounrad copper operation, in Kazakhstan, has delivered at the top-end of its guidance and production from the Sasa zinc/lead mine, in Macedonia, was also in line with expectations, Aim-listed Central Asia Metals (CAML) reported on Monday. The Kounrad dump leach, solvent extraction and... 

At Mining Indaba 2018, Caterpillar presents broad range of machines, technology and services to support African mining

     15th January 2018 Caterpillar will present its unmatched range of innovative technologies and services at Mining Indaba, February 5-8 in Cape Town, South Africa. With a focus on optimizing operations, whether surface or underground, large or small, Caterpillar and Cat® dealers are dedicated to working with mining... 

Glencore shrinks job of billionaire copper head amid Congo probe

By: Bloomberg     15th January 2018 Glencore reduced the role of its billionaire head of copper, Aristotelis Mistakidis, shaking up the business after a review in the Democratic Republic of Congo raised questions about accounting and management. Mistakidis, one of Glencore’s largest shareholders and a key lieutenant of CEO Ivan... 

Metals power higher as sickly dollar spurs copper-to-gold rally

By: Bloomberg     15th January 2018 Copper jumped by the most in two months and zinc hit a fresh decade-high as base metals rallied on a potent combination of a softer dollar and continued robust outlook for demand. Gold and palladium also climbed. Copper surged as much as 2.1%, the most since November 13, to $7 259 a metric ton... 

Massive Motors Installed By M&C At Cobre Panama

     15th January 2018 Marthinusen & Coutts, a division of ACTOM, recently executed the sub-assembly of six gearless mill drives for Minera Panamá’s remotely situated Cobre Panamá project in record time, and as a result was able to hand the machine over to the mechanical teams for professional assembly well ahead of... 

Weba Chutes Provide Solution At Carmen De Andacollo In Chile

     15th January 2018 Weba Chute Systems has successfully engineered a new transfer point to replace an underperforming chute at Carmen de Andacollo in the Coquimbo region of Central Chile. Carmen de Andacollo is an open pit copper operation; Teck owns a 90% interest in the mine with Empresa Nacional de Mineria... 

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