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Drilling continues at Kodal’s Bougouni project

By: Anine Kilian     Updated 1 hour ago Aim-listed Kodal Minerals plans to continue reverse circulation drilling on its Mali-based Bougouni lithium project until the start of the rainy season in June/ July. "We are continuing with the major exploration and definition programme at Bougouni, with multiple key activities happening in... 

Letšeng mining lease to be extended – Gem

By: Anine Kilian     Updated 1 hour 29 minutes ago The Lesotho government has announced its intention to renew JSE-listed Gem Diamonds’ Letšeng mining lease until 2034. The mining lease may be further extended if necessary in relation to any underground development of the mine thereafter. 

Firestone sees high recoveries in first quarter

By: Anine Kilian     Updated 3 hours ago Aim-listed Firestone Diamonds recovered 192 604 ct of diamonds from its Liqhobong mine, in Lesotho, in the three months to March 31. Recoveries were 6.6% higher than the previous quarter, resulting in a year-to-date total of 572 320 ct.  

Resources Watch  

     Updated 3 hours ago This week: Strong rand eroding South African gold mines’ margins And, underground rail transport at local mines not being prioritised 

Sanctions fallout upends metals as aluminum, nickel burst higher

By: Bloomberg     Updated 4 hours ago The turmoil unleashed by US sanctions against United Co. Rusal reverberated in metals markets, sending aluminium and nickel to multi-year highs. Global metals markets have been rocked for the past two weeks by the clampdown on Russia’s Rusal, which set off a rush for alternative supplies and... 

Bell laments import duties on steel, tyres; Kamaz assembly could start in 2019

By: Irma Venter     Updated 4 hours ago “South African manufacturers are paying 22% too much for their steel; whether you are making lamp posts or electrical cabinets, you are not going to pay what you would pay on the global market,” says Bell Equipment CEO Gary Bell. Bell Equipment manufactures six lines of capital equipment,... 

Tanzania names chairperson for new mining commission

By: Reuters     Updated 4 hours ago Tanzanian President John Magufuli on Wednesday appointed a chairperson and commissioners for the country's new mining commission, paving the way for the issuance of new mining licences. Africa's fourth-largest gold producer is seeking a bigger slice of the pie from its vast mineral resources by... 

Iluka increases output and revenue

By: Esmarie Swanepoel     Updated 4 hours ago Mineral sands miner Iluka has reported increased in both production and revenue for the three months to March. The company on Thursday reported that total zircon, rutile and synthetic rutile production increased by 8% during the quarter, compared with the December quarter, to 182 000 t. 

South32 hikes manganese guidance, lowers coal forecast

By: Esmarie Swanepoel     Updated 5 hours ago Diversified miner South32 has increased its manganese production guidance from its Australia and South African operations to take advantage of farourable market conditions. The company increased its production guidance at the Australia manganese operations by 6% to 3.30-million tonnes and its... 

Peru will not 'impose' mining projects on communities – prime minister

By: Reuters     19th April 2018 The government of new Peruvian President Martin Vizcarra said on Wednesday it would not "impose" mining projects on nearby communities that object to them, but would seek to promote mining investments to take advantage of improved mineral prices. In the past decade, Southern Copper and Newmont... 

Relations sour at giant copper pit with automation looming

By: Bloomberg     19th April 2018 Just as labour tensions ease at BHP Billiton’s giant Escondida mine, the copper industry has another iconic mine to worry about. Relations between the world’s largest copper producer, Codelco, and unions in its Chuquicamata division have reached the lowest point in years as the mine transitions... 

Mantashe stresses importance of partnerships for mining sustainability

By: Simone Liedtke     18th April 2018 Mineral Resources Minister Gwede Mantashe on Wednesday stressed the importance of partnerships between mining companies and labour, as well as with communities, for mining to be sustainable. Speaking at the inaugural KwaZulu-Natal Mining Indaba, in Newcastle, he noted that such partnership would... 

Orion appoints mining engineer as nonexecutive director

By: Creamer Media Reporter      18th April 2018 ASX- and JSE-listed Orion Minerals, which is developing the Prieska base metals project in South Africa’s Northern Cape, has appointed Michael Hulmes as nonexecutive director. Hulmes is a mining engineer with over 30 years’ senior executive, management 

Nornickel exec says in talks with battery makers on investments, cooperation

By: Reuters     18th April 2018 Russia's Norilsk Nickel, or Nornickel, is in talks with battery makers over possible investment in its mining assets, but is also interested in downstream joint ventures in return, a company executive said on Wednesday. "We might be interested in having some deeper cooperation, say on the... 

Dalgaranga still tracking ahead of schedule

By: Esmarie Swanepoel     18th April 2018 The Dalgaranga gold project, in Western Australia, remains one month ahead of schedule, ASX-listed Gascoyne Resources told shareholders, with the project due to start gold production in May. Gascoyne told shareholders on Wednesday that process plant construction at Dalgaranga was 98% complete,... 

Base production declines as KP2 readies

By: Esmarie Swanepoel     18th April 2018 Mineral sands producer Base Resources has reported a slight decline in production for the March quarter, as a month-long mining and wet concentrator plant shut-down was initiated at its Kwale operations, in Kenya. The shut-down was part of the final equipment installation and piping tie-ins for... 

Korab to sell projects as it accelerates Winchester

By: Esmarie Swanepoel     18th April 2018 ASX-listed Korab Resources has announced plans to fast track the development of the Winchester magnesium carbonate deposit, in the Northern Territory, with the company to divest of some of its other assets. Korab in March this year announced a review of its Western Australian and Ukrainian... 

Unpacking this week's mining headlines 

     18th April 2018 Mining Weekly Editor Martin Creamer unpacks this week's mining headlines: Glencore’s sustainability report, South Africa’s potential role in the Congo potash project and the debut of a game-changing fuel cell dozer. 

Tertiary says Swedish project to have ‘minimal impact’ on reindeer herding

By: Mariaan Webb     17th April 2018 The Storuman fluorspar project that UK-headquartered Tertiary Minerals is proposing in north-central Sweden will have a “minimal impact” on reindeer husbandry, an in-depth analysis of reindeer herding has shown. As part of the mine permit reassessment process of the Storuman project, Tertiary... 

Pallinghurst delivers satisfactory FY17 performance

By: Natasha Odendaal     17th April 2018 Dual-listed Pallinghurst Resources has concluded what it called a “transformational year”, after successfully transitioning into an evergreen operating mining company during the year ended December 31, 2017. The group, which is listed on the JSE and the Bermuda Stock Exchange, on Tuesday posted... 

W Resources plans to spin off or sell copper and gold assets

By: Mariaan Webb     17th April 2018 European mining project developer W Resources is considering spinning off or selling its copper and gold projects, as it increasingly focuses on its tungsten assets in Spain and Portugal. The company, which is advancing the La Parrilla tungsten mine in Spain, owns the São Martinho,... 

Beowulf inks graphite collaboration deal with Finnish university

By: Creamer Media Reporter      17th April 2018 Aim-listed Beowulf has signed a graphite collaboration agreement with Åbo Akademi University, formalising an agreement that the company has forged with the university, in Turku, Finland, over several years. The agreement is focused on knowledge sharing, the identification of graphite prospects,... 

Polyus reports Q1 production, sales results

By: Mariaan Webb     17th April 2018 Russia’s largest gold miner Polyus has confirmed its 2018 full-year production guidance of 2.375-million to 2.425-million ounces, after reporting first-quarter production of 506 500 oz. The March-quarter performance is a 13% increase on production in the corresponding period of 2017, when output... 

Highland Gold profit up 37% to $66m

By: Mariaan Webb     17th April 2018 London-listed company Highland Gold on Tuesday posted a 37% increase in its net profit for 2017, as above-guidance production boosted revenue, costs were controlled and no impairment losses were reported. The company, which mines in the Khabarovsk, Chita and Chukotka regions of Russia,... 

Outa calls for Eskom turnaround before tariff hikes are granted

By: Kim Cloete     17th April 2018 Eskom should first implement a turnaround strategy before the National Energy Regulator of South Africa (Nersa) considers granting it a tariff hike, says the Organisation for Undoing Tax Abuse (Outa). “Eskom leadership must institute stringent measures to recoup the billions of rands siphoned out... 

Old Pirate gets new life with Ark Mines

By: Esmarie Swanepoel     17th April 2018 ASX-listed ABM Resources has entered into a letter of agreement with fellow listed Ark Mines, under which Ark would operate the Old Pirate gold project, in the Northern Territory. ABM MD Matt Briggs said on Tuesday that after a competitive and lengthy process, Ark provided the most attractive... 

After setbacks, Anglo American counting on turnaround for Minas-Rio mine

By: Reuters     17th April 2018 Two leaks in a month, a 90-day outage and $58-million in fines is not enough to temper Anglo American's ambition for its long-delayed, multi-billion dollar Minas-Rio iron-ore mine in Brazil. Purchased at the height of the commodities boom a decade ago for $5.5-billion, Anglo American was once... 

Coal India earmarks corpus for CBM foray

By: Ajoy K Das     17th April 2018 State-owned Coal India Limited (CIL) has earmarked $462-million for its foray into exploration and production of coal-bed methane (CBM), following government’s announcement that it will relax rules to allow the company to exploit the resource. Though plans are yet to be finalised, sources have... 

Atlas' iron output continues to fall

By: Esmarie Swanepoel     17th April 2018 Iron-ore miner Atlas Iron has reported another fall in sales volumes during the three months to March, as wet weather and the closure of the Abydos mine impacted production. Atlas shipped 2-million tonnes of ore during the March quarter, down from the 2.2-million tonnes shipped in the December... 

Downer EDI awarded A$660m Carrapateena contract

By: Esmarie Swanepoel     17th April 2018 Copper/gold miner Oz Minerals has awarded a A$660-million underground mining services contract to project house Downer EDI for the Carrapateena underground mine, in South Australia. The six-and-a-half year contract will comprise all underground mining activity, including site setup and... 

Murray & Roberts Cementation’s Community Training Opens Doors For Unemployed

     17th April 2018 A proactive and ongoing training programme by the Murray & Roberts Cementation Training Academy (MRTA) is empowering hundreds of unemployed community residents with basic technical and safety skills, paving the way for them to enter the job market in mining and other sectors. According to Murray... 

PIC rejects Aton's takeover offer for M&R

By: Reuters     17th April 2018 South Africa's Public Investment Corporation (PIC), the second-biggest shareholder in Murray & Roberts (M&R), said on Monday it had rejected an offer by Germany's Aton to acquire the engineering and construction firm. M&R's biggest shareholder German investor Lutz Helmig's Aton, which owns more... 

Star Diamond’s Saskatchewan projects shine with C$2bn after-tax NPV

By: Henry Lazenby     17th April 2018 The TSX-quoted equity of project developer Star Diamond (formerly Shore Gold) closed in the black on Monday after a preliminary economic assessment (PEA) on its fully-owned Star-Orion South kimberlite projects reported strong metrics. The PEA reported an after-tax net present value on a... 

Copper Mountain lifts Q1 output 10%

By: Henry Lazenby     16th April 2018 British Columbia-focused miner Copper Mountain Mining has reported strong results for the first calendar quarter, as it battled abnormal volumes of snow and a brief power outage to keep production on course with 2018 guidance. The eponymous mine produced 23.2-million pounds of copper equivalent,... 

Nemaska secures $150m streaming deal with private lender Orion

By: Henry Lazenby     16th April 2018 Quebec-based lithium producer Nemaska Lithium has secured a $150-million streaming financing deal with private lender Orion Mine Finance Group. Under terms of the streaming deal, Orion will take 14.5% of the lithium hydroxide and lithium carbonate produced at Shawinigan and that are sold to third... 

Cosatu strongly rejects Eskom’s appeal for more money

By: Kim Cloete     16th April 2018 The Congress of South African Trade Unions (Cosatu) has rejected Eskom’s appeal to the National Energy Regulator of South Africa (Nersa) to recover its costs in the provision of electricity, calling it “unaffordable, unreasonable and unjustifiable”. “We have no faith in Eskom. We completely... 

Moti Group is open to selling shares in Zimbabwe mine operation

By: Bloomberg     16th April 2018 The Moti Group will consider selling shares in its Zimbabwean chrome mining operations if the government pushes ahead with the proposal that has already met resistance from the country’s biggest platinum producer. Zimbabwean policymakers are debating a bill that will require mining companies to... 

4Sight to establish JV in China

By: Anine Kilian     16th April 2018 JSE-listed 4Sight Holdings has signed an agreement with Chinese company Shenzhen Rongmei Science and Technology (RM) to establish a 50:50 joint venture (JV) in China. 4Sight said in a statement on Monday that it aims to expand its business operations, opportunities and customer footprint in the... 

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