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Tanzania’s 55% share of mine revenue ‘pretty generous’ – AngloGold

By: Martin Creamer     Updated 2 hours 10 minutes ago The share of revenues that the government of Tanzania has received from the Geita gold mine is “pretty generous” when compared with what shareholders have received, AngloGold Ashanti CEO Srinivasan Venkatakrishnan said on Monday when the company reported an adjusted headline loss of $93-million,... 

A cosmic theory and two-inch lump of gold drive Novo's 500% surge

By: Bloomberg     21st August 2017 Quinton Todd Hennigh has spent 13 years scouring the Earth for clues to back a hunch: that the world’s biggest gold resource has lost siblings elsewhere on the planet. Now the president of Novo Resources Corp thinks he may have found a counterpart of South Africa’s Witwatersrand in the ancient... 

Yancoal narrows interim losses

By: Esmarie Swanepoel     21st August 2017 ASX-listed Yancoal has narrowed its loss during the financial half-year ended June, as higher demand for quality thermal coals drove price improvements throughout the reporting period, buoyed by the impact of the Queensland cyclone event at the beginning of the year. The miner reported an... 

Australian Pacific cautious on new funding deal

By: Esmarie Swanepoel     21st August 2017 The share price of coal miner Australian Pacific Coal fell by more than 16% on Monday after the company said that it had been unable to reach acceptable terms to finalise a binding funding proposal. The ASX-listed company last week flagged a possible funding offer, telling shareholders that it... 

Scotgold submits planning application for revised operations

By: Mariaan Webb     18th August 2017 The Loch Lomond and Trossachs National Park Planning Authority has confirmed receipt and has validated Scotgold’s application for revised operations at the Cononish gold and silver project, in Scotland. The validation defines the start of the statutory determination period, Aim-listed Scotgold... 

Fracking jobs prove elusive for coal miners looking to switch

By: Bloomberg     18th August 2017 Robert Dennis has mined coal in West Virginia for 10 years but a recent evening found him in a classroom at his local community college. He came to learn about opportunities in fracking, a drilling technique used to produce natural gas — the very fuel that is threatening coal’s future. “I know... 

Shanta cancels Helio transaction, New Luika on track to meet FY guidance

By: Anine Kilian     18th August 2017 East Africa-focused Shanta Gold has cancelled its proposed £3.5-million buyout of TSX-V-listed Helio Resources. The transaction, which was announced in June, would have given Shanta control of Helio’s assets, adjacent to its own New Luika gold mine, in Tanzania. 

Billions in investment to propel Zambia’s Mopani mine into costs ‘premier league’

By: Ilan Solomons     18th August 2017 “Like a sports team, Mopani copper mine, in Kitwe, Zambia is near the bottom of the league and needs to improve its ranking to avoid relegation or closure,” says diversified mining major Glencore’s Mopani copper mine CEO Johan Jansen, using a football analogy to explain where the company is in... 

No credible candidate in the overcrowded race for the presidency of the ANC

By: Aubrey Matshiqi     18th August 2017 In recent months and weeks, Lindiwe Sisulu, Mathews Phosa, Baleka Mbete and Jeff Radebe have entered the race for the presidency of the African National Congress (ANC). In other words, the 2017 national conference of the ANC has delivered the highest number of presidential candidates since the... 

Project aids community development

By: Marleny Arnoldi     18th August 2017 With 70% of the R370-million Cornubia Interchange project complete, construction design and engineering services provider Royal HaskoningDHV and the eThekwini roads provision department say the project is likely to be completed in January next year.  

Glencore coal miners return to work in Australia but vow more strike action

By: Reuters     17th August 2017 Coal mine workers from seven Glencore collieries in Australia returned to work on Thursday after a four-day work stoppage, with many voting to keep up pressure on the company over wages and job security. More than 1,400 workers met in the mining hub of Singleton, New South Wales, about 200 km... 

Harmony ups South African capex, pays 70% higher dividend 

By: Martin Creamer     17th August 2017 Gold mining company Harmony Gold, which spent R2.3-billion capital expenditure (capex) on its South African operations in the 12 months to June 30, will be increasing its capex to R2.7-billion for mainly the ongoing development of the Phakisa and Tshepong gold mines in the Free State. The... 

KAZ Minerals more than doubles output as new mines ramp up

By: Mariaan Webb     17th August 2017 The ramping up to two new openpit copper mines in the Pavlodar and East regions of Kazakhstan has helped KAZ Minerals to more than double its first-half production, revenue and profit. The London-, Kazakhstan- and Hong Kong-listed miner on Thursday reported production of 118 000 t of copper in... 

Ascendant reports first month of positive ‘top line’ earnings; higher grades on the cards

By: Henry Lazenby     17th August 2017 Just seven months since acquiring the El Mochito zinc/lead/silver mine, in west-central Honduras, TSX-listed Ascendant Resources has achieved positive adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) for the month of July. Analysts use the metric that looks at a... 

Work stops at Nifty

By: Esmarie Swanepoel     16th August 2017 Underground operations at the Nifty copper mine, in Western Australia, have been temporarily suspended as owner Metals X undertook remedial repairs to the secondary escapeway. The ASX-listed company said on Wednesday that the repairs would take around seven days to complete, with the mine to... 

SA Hippo - World’s Safest Submersible Pump For Underground Mining

     15th August 2017 Coal mining accidents caused by gas and coal dust explosions account for the most fatal mining disasters around the world. However, dangerous Methane gas is present at most underground mines as well and not only in coal mines.  This was, once again, confirmed when a fatal methane gas explosion... 

Bisie boxcut nears completion, first tin concentrates in 2019

By: Ilan Solomons     15th August 2017 Tin exploration and development company Alphamin Resources is nearing completion of the boxcut at its 9 900 t/y Bisie tin project, in North Kivu, in the Democratic Republic of Congo (DRC). Alphamin CEO Boris Kamstra tells Mining Weekly Online that local earthworks contractor Kongo River, which is... 

PoC Works team a powerhouse of innovation

     15th August 2017 Innovation has been the driving force behind RCT’s success with the company going from strength to strength in the past 45 years. As a result, the company now spans five proven sub-brands comprising of numerous proven solutions. RCT continues to advance its products and technology through formal... 

Permitting advances at Black Butte

By: Esmarie Swanepoel     15th August 2017 The Montana State Authority has issued ASX-listed Sandfire Resources’ Black Butte copper project, with a draft mine operating permit (MOP), allowing the company to advance the project. The draft MOP is expected within the next 30 days, and marked the culmination of an extensive process... 

Alrosa says can't reach an area of 4 missing miners

By: Reuters     15th August 2017 Rescuers have been unable to reach the area of an underground mine in Siberia where four of eight missing miners might have been working during a partial flood this month, Russian diamond producer Alrosa said on Tuesday. State-controlled Alrosa has been searching for the eight missing miners... 

TMAC again lowers guidance as mill ramp-up slows

By: Henry Lazenby     15th August 2017 Emerging gold producer TMAC Resources expects to produce even fewer ounces this year at its Dorris mine, in Canada’s Nunavut Territory, as a slower-than-expected ramp-up of the plant impacted on the operation’s most recent quarterly performance. TMAC poured first gold at Dorris – part of the Hope... 

Caledonia’s Blanket mine on track to deliver 80 000 oz/y by 2021

By: Anine Kilian     14th August 2017 Gold miner Caledonia Mining is confident its Blanket mine, in Zimbabwe, will meet its full year production guidance of 52 000 oz to 57 000 oz, as well as the longer-term output target of 80 000 oz by 2021. The mine produced just over 25 000 oz of gold in the first half of this year, at an all-in... 

Cornish Lithium project secures £1m for exploration

By: Reuters     14th August 2017 British mining company Cornish Lithium has secured £1-million to explore for lithium in Cornwall, southwest England, its CEO said, taking the country a step closer to a domestic source of the strategic mineral. Lithium plays an essential role in electric car batteries, and is produced by... 

Alrosa says 2017 output target unchanged despite accident - Ifax

By: Reuters     14th August 2017 Russian state-controlled diamond miner Alrosa's 2017 production plans remain unchanged despite an accident at its Mir underground mine in eastern Siberia, it said on Monday. Rescue teams are still searching for eight workers in Alrosa's underground Mir mine in the remote Yakutia region of... 

Zambia's CEC confirms reduced power supply to Glencore's copper miner

By: Reuters     14th August 2017 Copperbelt Energy Corp (CEC), Zambia's main supplier of power for its mines, confirmed on Sunday that it has restricted the amount of electricity it supplies to Glencore unit Mopani Copper Mines (MCM) because of a dispute over tariffs. Mopani said on Saturday that it has suspended operations in... 

Trevali lowers guidance as Santander water ingress delays development

By: Henry Lazenby     12th August 2017 Pure-play zinc producer Trevali Mining expects to produce less metal from the Peru-based Santander mine this year, after extreme rainfall during the recent mountain wet season delayed high-grade stope development by a quarter. The company announced on Thursday that the excessive rainfall during... 

Anglo, Glencore coal mines warned over dust levels

By: Mariaan Webb     11th August 2017 Queensland has warned multinational miners Anglo American and Glencore about dust levels in their coal mines and has said that operations that fail to comply with legislation will be closed. In a rare move, Queensland Mines Minister Anthony Lynham named the two companies in Parliament on... 

Versatile UTV use prompts increased marketing

By: Victor Moolman     11th August 2017 Equipment supplier Maubra – which supplies the products of equipment manufacturer Kubota to South Africa – has increased marketing efforts regarding the RTV-X900 utility vehicle (UTV) by placing more advertisements with printed media, increasing social media awareness of the UTV and approaching... 

McEwen picks up Primero’s Black Fox mine

By: Henry Lazenby     10th August 2017 TSX- and NYSE-listed McEwen Mining has agreed to buy precious metals producer Primero Mining’s Black Fox mine and complex for $35-million, expanding the junior miner’s production footprint in Canada. “Buying the Black Fox Complex provides fantastic synergies with our recently acquired Timmins... 

AuRico’s royalty revenue rises to record level; ups guidance again

By: Henry Lazenby     10th August 2017 Canadian mining development and royalty company AuRico Metals has reported record royalty revenue of $2.8-million, an increase of 39% year-over-year, for the second quarter ended June. The company reported on Wednesday that revenue for the quarter was boosted by record gold output of 77 069 oz... 

Sibanye Gold continues its contrarian path with its purchase of a US mining company.

     10th August 2017 Despite low commodity prices and political uncertainty in the mining sector, South African-based mining company Sibanye Gold announced in December last year that it had agreed terms to buy a little known US-based miner. The purchase of Stillwater Mining Company for US$2.2-billion, which was... 

M&R says Australia maintenance contract a signal of future strategic intent

By: Terence Creamer     10th August 2017 The oil and gas unit of Murray & Roberts (M&R) has been awarded a five-year contract to perform maintenance services at a liquid ammonia plant and a technical ammonium nitrate (TAN) plant on the Burrup Peninsula, in Western Australia. Norway’s Yara International, which owns the facilities,... 

Quality management using online measurement of conveyed materials

     10th August 2017 Plant control is most effective when technologies measure process streams directly and preferably in real time. Measuring sampling streams that are not representative of the primary flow will result in incorrect plant control decisions. Sampling coarse conveyed flows is expensive and impractical... 

Tahoe’s woes deepen in Guatemala as road blockade, permit suspension drag on

By: Henry Lazenby     10th August 2017 Precious metals producer Tahoe Resources has moved to suspend its quarterly dividend of $0.02 a share and has deferred its full-year production guidance on the back of the Guatemala Supreme Court provisionally suspending the mining licence on its Escobal operation, the third-largest silver mine... 

Osisko reports biggest step-out to date at Windfall’s Lynx deposit

By: Henry Lazenby     10th August 2017 Project developer Osisko Mining has reported significant exploration success at its flagship Windfall Lake deposit, in Quebec, extending the satellite Lynx deposit. The Toronto-based mineral explorer on Wednesday reported assays from 12 holes drilled at Windfall Lake, focused on the Lynx Zone,... 

Alrosa searches for 8 workers missing after flooding at diamond mine

By: Reuters     7th August 2017 Rescue teams were still searching on Monday for eight workers missing in a flooded underground mine owned by Russian diamond miner Alrosa after one miner was rescued over the weekend. Parts of the "Mir" ("Peace" or "World") mine in the remote Yakutia region of eastern Siberia flooded on Friday... 

A$600m capital investment at Olympic Dam in 2018

By: Esmarie Swanepoel     7th August 2017 Mining major BHP will spend more than A$600-million at the Olympic Dam operation, in 2018. Asset president Jacqui McGill said in a speech at the American Chamber of Commerce in Adelaide, last week, that the company had 49 projects in execution at Olympic Dam during the 2018 financial year. 

Millennium reports maiden resource at Bartons underground

By: Esmarie Swanepoel     7th August 2017 Gold miner Millennium Minerals has reported a maiden underground resource of 475 000 t, grading 5.3 g/t gold for 80 400 oz of contained gold at the Bartons deposit, below the existing Bartons pit at the Nullagine gold project, in Western Australia. Millennium CEO Peter Cash said on Monday that... 

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