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America's miners are digging for hotter coals as old plants shut

By: Bloomberg     18th October 2017 Early next year, three massive coal-fired power plants in Texas will close for good. And their absence will be felt 1,000 miles away in the coal pits of Wyoming and Montana. There, in the energy-rich Powder River Basin, miners have for decades carved out coal that’s cheap but packs less heat than... 

Broadway searching for copper porphyry at Madison; adds 'fourth shot' at building mine

By: Henry Lazenby     3rd October 2017 Junior explorer Broadway Gold Mining has started work on a 3 050-m Phase III surface drilling programme targeting copper/gold porphyry mineralisation at the company’s 100%-owned Madison project, in the fabled Butte-Anaconda mining region of Montana. Extensive geological interpretation of Phase I... 

Blitz delivering ahead of schedule – Sibanye-Stillwater 

By: Martin Creamer     2nd October 2017 Production is under way three months ahead of schedule at Sibanye-Stillwater’s Blitz project in the US, where the completion of a secondary escape-way system concluded the final infrastructure required for the production to begin. An upside for Sibanye-Stillwater shareholders is the rapid ramping... 

Cruz Cobalt expands Chicken Hawk landholdings

By: Henry Lazenby     29th September 2017 Cobalt exploration junior Cruz Cobalt has expanded its landholdings at the Chicken Hawk cobalt project, in Deer Lodge county, Montana, adding a further 30 claims to enlarge the prospect to 785 ha. The TSX-V-quoted company earlier this month mobilised exploration crews to the project site to... 

SA platinum miners enter recycling market despite ‘mixed’ expectations

By: David Oliveira     22nd September 2017 Despite the mixed performance and expectations of the recycling industry, local platinum producers Sibanye and Northam Platinum this year entered the platinum-group metals (PGMs) recycling market. Platinum recycling is projected to decline by 6% year-on-year to 1.76-million ounces this year,... 

Engen launches Auto Gardens in 100 schools across South Africa

     20th September 2017 Engen, in collaboration with Acts of Random Kindness South Africa (ArkoSA), a not-for-profit company which encourages acts of random kindness one person at a time, are striving to assist schools in the production and growth of year-round crops.   With the introduction of Auto Gardens to 100... 

Black Butte advances further – Sandfire

By: Esmarie Swanepoel     20th September 2017 ASX-listed Sandfire Resources has overcome another development hurdle at its Black Butte project, in Montana, after it was issued a draft operating permit for the copper project. The Montana Department of Environmental Quality now considers the project to be "complete and compliant" in... 

Sibanye-Stillwater announces $450m convertible bond offering

By: Martin Creamer     19th September 2017 Precious metals mining company Sibanye-Stillwater on Tuesday announced the impending launch of a $450-million convertible bond offering linked to the refinancing of the outstanding portion of the bridge loan the company raised to buy Stillwater Mining in the US. The senior unsecured guaranteed... 

Black Mountain divests of silver assets to focus on vermiculite

By: Esmarie Swanepoel     18th September 2017 ASX-listed junior Black Mountain Resources has divested of its non-core US silver assets, in a bid to focus its attention on its Namakara vermiculite mine, in Uganda. The company on Monday told shareholders that it had divested of its 70% stake in two prospective US silver mines in Montana and... 

Sibanye-Stillwater lifts PGM grade at brownfield Stillwater mine extension

By: Henry Lazenby     15th September 2017 Recently minted Sibanye-Stillwater has successfully extended the platinum group metals (PGM) mineralisation at the Blitz project, in Montana – a brownfield extension of the existing Stillwater mine. The company announced on Friday that mineralised ore at the Blitz project had been intersected in... 

Proxy advisers ISS, Glass Lewis support Washington Companies’ $1.2bn Dominion buy

By: Henry Lazenby     9th September 2017 TSX- and NYSE-listed Dominion Diamond Corp announced late on Thursday that proxy advisory firms Institutional Shareholder Services (ISS) and Glass, Lewis & Co have both recommended that Dominion shareholders vote in favour of suitor The Washington Companies’ $1.2-billion acquisition.... 

Palladium-propelled US buy quickly paying its own way – Sibanye-Stillwater 

By: Martin Creamer     31st August 2017 Not only has the palladium price soared by 64% since Sibanye began discussions for the acquisition of Stillwater Mining, the world’s largest primary palladium producer, but the Stillwater operation itself has also performed well under its new owner. At current basket prices, Stillwater will pay... 

Washington picks new CEO to run $1.2bn Dominion Diamond

By: Bloomberg     10th August 2017 Montana-billionaire Dennis Washington has hired Patrick Evans to run Dominion Diamond Corp. after he agreed to buy the business for $1.2-billion last month. “We are pleased that Patrick will become CEO of Dominion Diamond Corp. upon closing of the transaction," said Lawrence Simkins, president of... 

Trump is said to be 'really interested' in payments for coal use

By: Bloomberg     10th August 2017 West Virginia Governor Jim Justice said Donald Trump is “really interested” in his plan to prop up Appalachian mining by giving federal money to power plants that burn the region’s coal. Justice, a coal and real estate mogul elected governor last year as a Democrat, announced at a West Virginia... 

As Trump sings coal's praises, mine fatalities are on the rise

By: Bloomberg     4th August 2017 Ray Hatfield Jr. was six months into his latest coal job when he was crushed to death in a Kentucky mine. Hatfield, a 23-year industry veteran, was cleaning a conveyor belt that shuttled coal to the surface of the Appalachian mine on the morning of Jan. 26. When his clothing got caught, he was... 

Sandfire ups shareholding in US copper project

By: Esmarie Swanepoel     31st July 2017 Copper-gold miner Sandfire Resources has increased its shareholding in TSX-V listed Tintina Resources by a further 16.9%, to 78.1%. Sandfire on Monday told shareholders that the acquisition of this strategic stake from fellow shareholder Electrum Global Holdings, further consolidated the... 

Dominion is said to seek sweeter deal from Montana billionaire

By: Bloomberg     15th July 2017 Canada’s Dominion Diamond Corp is hoping Montana billionaire Dennis Washington will cough up a little more cash to buy the world’s third-largest producer of rough diamonds by value. However, the company – which has put itself on the block twice in the past two years – says there’s no guarantee a... 

Fertoz inks offtake agreement in US

By: Esmarie Swanepoel     11th July 2017 ASX-listed phosphate developer Fertoz has inked a marketing agreement for up to 10 000 t of rock phosphate from a US project owned by Solvay USA. The agreement will see Fertoz hold the exclusive right to market the product for a period of two years, with Solvey to be responsible for loading the... 

Amplats' exit from Brazil platinum prospect sparks London listing

By: Martin Creamer     19th June 2017 The withdrawal of South Africa’s Anglo American Platinum (Amplats) from a platinum group metals (PGM) project in Brazil has opened the way for Jangada Mines to acquire the asset and head for the London Aim to raise an initial £2-million in equity capital to fund the project. Jangada chairperson... 

Sibanye reaches wage agreement with Stillwater union

By: Megan van Wyngaardt     19th June 2017 Dual-listed Sibanye has secured a two-year wage agreement with the United Steel Workers of America, International Union –  the representative union at its newly acquired Stillwater Mining Company platinum group metals operations in Montana, in the US. Under the terms of the agreement, there will... 

Gordon Butte pumped-storage hydroproject, US

By: Sheila Barradas     2nd June 2017 The project entails the development of a new closed-loop pumped-storage hydrofacility. 

Boreas intertie project, US

By: Sheila Barradas     26th May 2017 The Boreas intertie project will provide an outlet for new renewable-energy generation and improve power system operation in Montana and the northern Rocky Mountain region. 

Coffin Butte pumped-storage scheme project, US

By: Sheila Barradas     26th May 2017 The project involves the construction of 880 GWh/y pumped-storage scheme in Montana. 

Trump takes aim at western monuments that may hold oil, coal

By: Bloomberg     11th May 2017 Bears Ears National Monument, in Utah, boasts stretches of red-and-yellow sandstone so brilliant they appear to be ablaze and rock structures so precarious they appear to defy gravity. The rugged terrain south of the Colorado River also has reserves of oil and natural gas that are currently off... 

Now US shareholders give nod to Sibanye deal

By: Martin Creamer     26th April 2017 The requisite majority of Stillwater shareholders in the US have approved the acquisition by Sibanye of the entire issued share capital of Stillwater Mining Company. The voting took place a day after Sibanye shareholders gave their overwhelming approval to the transaction that is expected to... 

Sibanye’s Stillwater buy wins strong shareholder support

By: Martin Creamer     25th April 2017 Shareholders have voted overwhelmingly in favour of Sibanye acquiring Stillwater, the US platinum group metals (PGMs) company. The number of shares that voted in favour of the proposed deal made up 83% of Sibanye’s total issued share capital. 

Sibanye wins US thumbs up for Stillwater acquisition

By: Martin Creamer     18th April 2017 Precious metals mining company Sibanye has received unconditional approval from the Committee on Foreign Investment into the United States on the proposed acquisition of platinum group metals mining company Stillwater, which mines and processes the metals in Montana. Johannesburg- and New... 

Stillwater transaction to test Trump team’s appetite for China deals

By: Bloomberg     10th April 2017 Even as President Donald Trump and President Xi Jinping of China met for the first time to try to sort out their complex relationship, Trump’s administration is reviewing attempts by China to buy sensitive US companies and in one case is actively trying to thwart a deal. The Trump administration... 

Keystone pipeline Gulf Coast expansion project, Canada and the US

By: Sheila Barradas     31st March 2017 US President Donald Trump has issued a Presidential Permit, approving the construction of TransCanada’s long-delayed Kyestone Guld expansion pipeline. 

Dominion Diamond Corp mulls strategic transactions in wake of rejecting $1.1bn offer

By: Henry Lazenby     27th March 2017 Canada’s largest diamond producer Dominion Diamond Corp has launched a formal process to evaluate the potential sale of the company or other strategic transactions. This follows after Montana-based Washington Companies, a group of companies founded by industrialist and entrepreneur Dennis... 

Trump wastes no time to approve TransCanada’s Keystone XL pipeline

By: Henry Lazenby     24th March 2017 US President Donald Trump on Friday issued a Presidential Permit, approving the construction of TransCanada’s long-delayed $8-billion Keystone XL (KXL) pipeline. “TransCanada will finally be allowed to complete this long overdue project with efficiency and with speed. We're working out the final... 

Stillwater deal advances as Sibanye grasps $2.6bn bridge finance nettle

By: Martin Creamer     13th February 2017 Precious metals mining company Sibanye on Monday announced that it had successfully closed the syndication of the bridge facilities to support its acquisition of Stillwater Mining Company of the US. Sibanye said in a Johannesburg Stock Exchange news service announcement that the syndication... 

TransCanada reapplies for Keystone XL pipeline

By: Henry Lazenby     28th January 2017 A day after US President Donald Trump signed executive actions clearing the way for contentious oil pipelines to be built in the US, TransCanada on Thursday resubmitted its Presidential Permit application to the US Department of State for approval of the Keystone XL (KXL) pipeline. This is the... 

Sibanye’s Stillwater platinum deal edges forward

By: Martin Creamer     19th January 2017 Precious metals mining company Sibanye’s proposed acquisition, Stillwater Mining of the United States of America, edged forward on Thursday with the notification that both companies had received early termination of the waiting period under the US’s Hart-Scott-Rodino legislation, which means that... 

‘No better time in commodity cycle to get into copper/gold’ – Broadway chair

By: Henry Lazenby     17th January 2017 There is no better time in the commodity price cycle to get into the copper/gold space than the present, says Montana-focused project developer Broadway Gold chairperson Duane Parnham. Speaking to Mining Weekly Online during an interview, the mining veteran pointed out that an analysis of the... 

Obama plan to shake up coal leases could restrict Trump

By: Bloomberg     12th January 2017 The outgoing Obama administration issued a blueprint for overhauling the way coal on federal land is sold, making it tougher for President-elect Donald Trump to resume sales under decades-old procedures. The report released Wednesday lays out a menu of potential options for policy makers to... 

Stillwater deal runs deep

By: Martin Creamer     9th December 2016 The acquisition of America’s Stillwater Mining has the potential to put South Africa’s Sibanye on the inside track of low-cost mechanised primary mining as well as provide it with deep insight into secondary mining – the recycling of platinum-group metals (PGMs). Both these inputs will help... 

Sibanye to acquire US platinum miner for R30bn

By: Martin Creamer     9th December 2016 Precious metals mining company Sibanye Gold has entered into a definitive agreement to acquire all of the outstanding common stock of Stillwater Mining Company of the US for R30-billion ($2.2-billion). The $18-a-share offer represents a premium of 23% to Stillwater’s prior day closing share... 

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