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Nevada like Witwatersrand of 1970s – Bristow 

By: Martin Creamer     Updated 7 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 7 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... 

Brucejack to ramp up to 3 800 t/d this year

By: Simone Liedtke     15th February 2019 In its first full year of production, dual-listed Pretium Resources has generated almost $200-million in cash from operations, while producing 376 012 oz of gold, president and CEO Joseph Ovsenek reported on Thursday. The intermediate gold producer’s all-in sustaining costs (AISC) for the second... 

Lundin says Portugal project costs revised upward

By: Mariaan Webb     15th February 2019 Canada-headquartered Lundin Mining has announced a new cost estimate for its Neves-Corvo zinc expansion project (ZEP), in Portugal, with costs increasing to €320-million. This compares with an initial approved budget of €256.5-million for the project, which will double the mine’s production to... 

SA company receives multibillion-dollar contract

15th February 2019 Construction and engineering company Clough, a wholly owned subsidiary of South African engineering company Murray & Roberts - and part of the Clough Salini Impregilo Joint Venture (JV) - has been selected as the preferred tenderer for the multibillion Australian dollar civil works for the... 

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).... 

At least 23 illegal Zimbabwean gold miners feared dead after shafts flooded

By: Reuters     14th February 2019 At least 23 illegal miners are trapped and feared dead in Zimbabwe after shafts and underground tunnels they were working in were flooded by water from a burst dam, a state-owned daily newspaper reported on Thursday. The southern African nation has been working to regulate thousands of people who... 

Increasing mining operation productivity with Haultrax automation solution

14th February 2019 Mining in the same way that has been the norm for the past decade has kept the industry in a state of productivity stagnation. By using automation solutions that leverage the intellectual property of employees, together with the processes and equipment deployed by mining operations, productivity... 

Pan African Resources expects up to 126% increase in H1 HEPS

By: Marleny Arnoldi     13th February 2019 Aim- and JSE-listed Pan African Resources expects its earnings per share (EPS) for the six months to December 31, 2018, to be between 116% and 126% higher year-on-year at between 6.98c and 7.30c . This compares with the EPS of 3.23c reported for the six months ended December 31, 2017.  

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... 

Harmony cuts energy consumption, ushering in solar, mulling biofuels  

By: Martin Creamer     12th February 2019 Gold mining and exploration company Harmony Gold is intensifying its efforts to cut electricity consumption to a minimum while also looking at introducing solar power and biofuel energy. CEO Peter Steenkamp said on Tuesday when the company issued its half-year results that Eskom’s problems could... 

Harmony Gold net profit plunges, operational cash soars

By: Martin Creamer     12th February 2019 The net profit of Harmony Gold plunged in the six months to December 31, dropping from R897-million for the corresponding period of last year to R75-million. However, production soared by 34% and operations generated R1.1-billion in free cash flow on the inclusion of the acquired Moab Khotsong... 

Gran Colombia ups stake in Sandspring

By: Creamer Media Reporter      11th February 2019 Midtier miner Gran Colombia has bought an additional 2.5-million shares in TSX-V-listed gold junior Sandspring Resources for a total cash consideration of $528 000. The shares were bought at a price of C$0.28 a share and were acquired for investment purposes, Grand Colombia said on Monday. 

Obuasi development on track for end-2019 gold pour  

By: Marleny Arnoldi     11th February 2019 AngloGold Ashanti’s Obuasi redevelopment project has completed its first week of underground development blasting, as the work to pour first gold by the end of the year gathers momentum. The first blast, on February 1, advanced development by around 4.2 m on the 2 700-level, which is accessed... 

Stemming slow progress in science & tech requires encouragement

11th February 2019 In an era where South African women have become increasingly prominent in medicine, law and business, why are there so few women scientists and engineers?  Encouragement vs. acumen seems to be the key to speeding up the take-up of careers in science, technology, engineering and maths (STEM). In... 

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... 

Ontario’s Madsen mine could be in production by May next year

By: Mariaan Webb     11th February 2019 The past-producing Madsen gold mine could be back in production by as early as May next year, current owner Pure Gold Mining reported on Monday, announcing the outcomes of a feasibility study for the project in Ontario’s Red Lake mining district. The study contemplates an 800 t/d underground... 

Galantas intersects Kearney vein on second mining level

By: Creamer Media Reporter      11th February 2019 Gold junior Galantas Gold is continuing to advance the Omagh underground mine in Northern Ireland and has now intersected the Kearney vein on a second mining level. The miner has progressed the main decline development tunnel to 52 m past a 50-m long access branch on the 1 084 level (second... 

Semafo forecasts 68% production increase for 2019

By: Nadine James     8th February 2019 TSX-listed West Africa-focused gold miner Semafo produced 244 600 oz of gold at its Boungou and Mana mines, in Burkina Faso, in 2018 – in line with its guidance of producing 235 000 oz to 265 000 oz. The company achieved a consolidated all-in sustaining cost (AISC) of $951/oz for the year. 

Wallbridge reports positive results from Fenelon bulk sample

By: Creamer Media Reporter      8th February 2019 TSX-listed Wallbridge Mining reported on Thursday that it has produced and sold more than 13 300 oz of gold from the 35 000 t bulk sample under way at its Fenelon gold project, in Quebec. To date, about 25 000 t of ore with a reconciled average grade of 17.34 g/t gold containing more than 14 000... 

Sandvik, Resolute gear up for the fully automated Syama gold mine

By: Kim Cloete     7th February 2019 Global engineering group, Sandvik, is looking forward to moving full steam ahead in its partnership with Resolute Mining to fully automate the Syama underground gold mine.  The Syama underground mine is set to be the world’s first purpose-built, fully automated sublevel cave gold mine. 

Polymetal reports sizeable increase in Mayskoye gold reserve

By: Creamer Media Reporter      7th February 2019 Russian miner Polymetal has announced a 778 000 oz increase in the ore reserves at its Mayskoye gold deposit, which adds five years to the operation’s mine life. The updated Joint Ore Reserve Committee-compliant reserves comprise ten-million tonnes of ore with an average grade of 6.9 g/t... 

Solar Mining Services helps to boost the Mpumalanga economy 

By: Kim Cloete     7th February 2019 Solar Mining Services, a manufacturer and supplier of explosives, accessories and blasting services for the mining industry, has made strides in growing its business in South Africa. It has created more than 100 jobs and invested R500-million in South Africa since setting up in the country in... 

Barminco wins zinc mining contract in India

By: Esmarie Iannucci     7th February 2019 Underground mining services provider Barminco has been awarded a A$100-mllion contract from Hindustan Zinc at its Rampura Agucha mine, in India. Barminco has operated at Rampura Agucha since late 2016. 

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,... 

Ascendant secures OPIC loan for Honduras expansion

By: Creamer Media Reporter      6th February 2019 Toronto-based miner Ascendant Resources has secured financing from a US government agency that helps businesses invest in emerging markets to expand its El Mochito zinc/lead/silver mine in Honduras. The nonbinding term sheet with Overseas Private Investment Corporation (OPIC) is for a... 

De Beers to spend R30m on diamond exploration this year  

By: Martin Creamer     6th February 2019 De Beers Consolidated Mines (DBCM) will spend R30-million on greenfield diamond exploration in South Africa this year, DBCM MD Phillip Barton told Mining Weekly Online on the sidelines of the Investing in African Mining Indaba. This follows DBCM being granted 32 exploration licences across a... 

Obuasi mine to be an engine of growth for AngloGold, says CEO

By: Kim Cloete     6th February 2019 AngloGold Ashanti CEO Kelvin Dushnisky is very upbeat about developing its Obuasi gold mine, in Ghana, and has described it as being "in a class of its own on a number of metrics".  “It will be an engine of growth for this company. You need big, chunky engines of growth which, year after year,... 

Sanedi ready to support the mining industry in energy efficiency

By: Kim Cloete     6th February 2019 The mining sector has been encouraged to use more renewable energy and tighten up on energy efficiency, with the support of the South African National Energy Development Institute (Sanedi). Energy Minister Jeff Radebe said the mining industry would need innovative and novel solutions to reduce... 

Pure Gold announces increased mineral resource at Madsen

By: Simone Liedtke     5th February 2019 TSX-V-listed Pure Gold Mining expects to release the feasibility study for its Madsen gold deposit, in Ontario, followed by a preliminary economic assessment (PEA) of the Russet South, Fork and Wedge satellite deposits, during the course of this month. On Tuesday, the Vancouver-based explorer... 

Lily mine could start recruiting new employees in March

By: African News Agency      5th February 2019 Siyakhula Sonke Empowerment Corporation (SSC), the new owners of the ill-fated Lily Mine in Mpumalanga, said on Tuesday that it would soon resume operations after the process of recruiting new employees started early this year. Tuesday marked the third anniversary of an accident at Lily Mine in... 

Thor envisions Nigeria gold mine construction to start in Q2

By: Marleny Arnoldi     5th February 2019 Canadian junior Thor Exploration’s definitive feasibility study (DFS) at its Segolila gold project, in Nigeria, envisions a construction start date in the second quarter of the year and an 18-month construction period, for an initial five-year mine life. The company is proceeding with... 

Gold Fields revamps Granny Smith circuits

By: Esmarie Iannucci     5th February 2019 Gold miner Gold Fields will install one of the world’s largest renewable energy microgids at its Granny Smith gold mine, in Western Australia. The miner on Tuesday said that more than 20 000 solar panels and a 2MW/1MWh battery system would be installed at the mine, with the grid to be... 

OceanaGold outlines 2019 targets; Waihi expansion proceeds

By: Esmarie Iannucci     5th February 2019 Gold miner OceanaGold is expecting to produce between 500 000 oz and 550 000 oz of gold and between 14 000 t and 15 000 t of copper in the 2019 full year. This is in line with the 533 300 oz of gold and 15 000 t of copper produced during 2018, at an all-in sustaining cost (AISC) of A$767/oz. 

Bellevue resource increases by 47%

By: Esmarie Iannucci     5th February 2019 ASX-listed Bellevue Gold has reported a 47% increase in the inferred resource estimate at its Bellevue gold project, in Western Australia. Following recent drilling targeting the Bellevue Surrounds mineralisation, the company was now estimating an inferred mineral resource of 1.53-million... 

Nullagine gets greater reserves

By: Esmarie Iannucci     4th February 2019 Gold junior Millennium Minerals has increased the ore reserve at its Nullagine project, in Western Australia, by 70%. The ASX-listed company told shareholders on Monday that successful exploration and growth programmes had added some 150 000 oz to the reserve base, which now stood at 7.1-million... 

IGO reports record production

By: Esmarie Iannucci     1st February 2019 Diversified miner Independence Group has delivered a record quarter at its Nova nickel and Tropicana gold projects, in Western Australia. The ASX-listed company this week reported that nickel production from the Nova operation reached 7 574 t during the three months to December, up from the 6... 

Invest in clean technology to counter the siege on the coal industry, Mantashe implores 

By: Kim Cloete     31st January 2019 The coal industry needs to counter the negative attitude towards the industry by investing in clean coal technology and funding research initiatives to find alternative markets for coal, says Mineral Resources Minister Gwede Mantashe. He told delegates at the opening of the fourteenth annual... 

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