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Sep 02, 2014
The legal frameworks for the South African mining industry are replete with problems, mining law expert Hulme Scholes outlined on Tuesday. Speaking at a client and media presentation organised by reputation management company Magna Carta, the main partner of Malan...
Sep 02, 2014
Despite a welcome but somewhat unforeseen production recovery by DRDGold in the fourth quarter of its 2014 financial year, the tailings retreatment specialist was unable to fully recover from the effect of the April shutdown of its Ergo processing plant, which...
Sep 02, 2014
South Africa-focused coal miner Universal Coal on Tuesday announced a A$24.5-million investment from Frankfurt-listed IchorCoal. Under the terms of the proposed transaction, IchorCoal - headed by former ArcelorMittal South Africa CEO Nonkululeko Nyembezi-Heita -...
Sep 02, 2014
A full internal review of historic exploration data from mineral asset explorer and developer Kibo Mining’s flagship Imweru project, in Tanzania, has confirmed the potential viability of early gold production. The review had demonstrated that Mweru – which had a...
Sep 02, 2014
Amid an ongoing review of group operations, Richland Resources announced on Monday that subsidiary, the Tanzanite Foundation, which is responsible for tanzanite marketing and promotion, sightholder engagement and community and social relations (CSR), was set to...
Sep 02, 2014
Toronto-listed Tsodilo Resources has defined a large inferred mineral resource estimate of 441-million tons with an average grade of 29.4% iron in Block 1 of its flagship Xaudum iron project, in north-west Botswana. The company believed this resource, which was...
Sep 02, 2014
Iron-ore developer Tawana Resources has appointed mining and minerals design and development groups Tenova Mining and Minerals and Engenium to manage and coordinate the major design and logistics components of a prefeasibility study (PFS) for its Mofe Creek project...
Sep 02, 2014
Copper miner Discovery Metals Limited (DML) would raise up to A$25.7-million to develop its Zeta underground mine at the Boseto copper project, in Botswana. The miner announced its intention to undertake a two-for-one renounceable rights issue, priced at 2c a share,...
Sep 02, 2014
Sep 02, 2014
Sep 02, 2014
Sep 02, 2014
 
 
 
Sep 01, 2014
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
Sep 03, 2014
Updated 1 hour 43 minutes ago Nicaragua has called off work to find at least seven miners trapped in a gold mine by a landslide after rescuers decided there was no hope of reaching them, the government said on Tuesday. At least 29 miners were trapped on Thursday after heavy rains sparked a...
Sep 03, 2014
Updated 1 hour 45 minutes ago Iron miner Shougang Hierro Peru, a unit of China's Shougang Group, declared force majeure on its shipments because of an ongoing strike that has curbed output, the company said on Tuesday. Shougang's country manager, Raul Vera, said the company moved to exempt...
Sep 03, 2014
Updated 1 hour 46 minutes ago Global gold producer Goldcorp on Tuesday suspended mining operations at its El Sauzal mine, in Chihuahua, Mexico , for safety reasons after the operation experienced movement in the highwall slope of the Trini pit. As a safety precaution, mining operations have been...
Sep 03, 2014
Updated 1 hour 53 minutes ago The Toronto-listed stock of Colombia-focused miner Pacific Coal Resources on Tuesday shed a third off its value after reporting negative second-quarter results, as coal output from its flagship La Caypa mine was impacted by adverse geological conditions. For the...
Sep 02, 2014
Updated 2 hours 58 minutes ago TSX-listed Talon Metals on Tuesday reported a maiden resource estimate for its Tamarack nickel/copper/platinum project, located in Minnesota. British Virgin Islands-based Talon in June clinched an earn-in agreement with Kennecott Exploration, a subsidiary of the Rio...
Sep 02, 2014
Updated 4 hours ago Benchmark iron-ore prices, which had fallen by more than a third since the start of the year, last week breached the $90/t level and this week continued to spiral lower to 86.2/t on Monday, as a supply glut faces reduced demand growth from the commodity’s largest...
Sep 02, 2014
Updated 7 hours ago Vale and Glencore have broken off talks over combining their nickel assets in Canada in a deal that could have produced over $1-billion in annual cost savings, sources close to the matter said. The discussions over linking the two companies' neighbouring nickel...
Sep 02, 2014
Grupo Mexico, a metals miner and railroad operator, said on Monday that operations at its Buenavista mine were not affected by a search of its offices late last week by the federal prosecutor's office, part of an investigation into a toxic spill. But later on Monday...
Sep 02, 2014
Nelson Pizarro took over as the new CEO of Chile's Codelco on Monday, vowing to make "all changes necessary" at the world's top copper producer as it embarks on an ambitious multi-billion dollar investment plan. Industry veteran Pizarro, nicknamed "scissorhands" for...
 
 
 
 
Sep 02, 2014
Newmont Mining has reached a tentative agreement with the Indonesian government on contract renegotiations, the CEO of the firm's local unit said, as both sides moved closer to ending an eight-month tax dispute that halted copper exports. US-based Newmont has been...
Sep 02, 2014
Rare earths developer Arafura Resources is hoping for production from its Nolans project, in the Northern Territory, to start in 2019. In releasing the project's development report to shareholders, ahead of the start of the definitive feasibility study (DFS),...
Sep 02, 2014
ASX-listed Reed Resources would launch a prefeasibility study (PFS) to assess the technical feasibility of a hard rock titanium mining and processing operation at its Barrambie project, in Western Australia, following a successful mini pilot-scale testwork...
Sep 02, 2014
Gold developer Azumah Resources has reported a 45% increase in the ore reserve at its Wa mine, in Ghana, underpinning an initial mine life of seven years. The ASX-listed company on Tuesday reported that the project was estimated to host a Joint Ore Reserves...
Sep 02, 2014
The Australian Foreign Investment Review Board (FIRB) has approved Japan Oil, Gas and Metals National Corporation (Jogmec’s) A$3-million investment into ASX-listed Allegiance Coal’s Kilmain coal project, in Queensland. Under the terms of the joint venture (JV)...
Sep 02, 2014
Mining major Rio Tinto on Tuesday confirmed that it would be cutting staff numbers at its Kestrel coal mine, in Queensland. While giving no clear number of the targeted cuts, reports suggested that about 100 staff would be made redundant at the mine.
Sep 02, 2014
Metals miner PanAust was considering an expanded development for the Frieda River copper/gold project, in Papua New Guinea, following further data analysis. The most recent feasibility study had considered a project with the potential to deliver an openpit mining...
Sep 02, 2014
Australia’s investment in exploration expenditure continues to be at historically low levels, the Association of Mining and Exploration Companies (Amec) commented on Tuesday as the Australian Bureau of Statistics (ABS) published the latest quarterly mineral...
Sep 01, 2014
Platinum mining company Royal Bafokeng Platinum (RBPlat) on Monday announced that its COO Nico Muller would resign from the company and board of directors, effective October 1. “Nico played a pivotal role within the organisation and was instrumental in the...
Sep 01, 2014
Government, in conjunction with industry clusters had to encourage preferential procurement in the mining industry, Department of Trade and Industry (DTI) capital equipment and allied services director Tapiwa Samanga has said. In a statement issued on Monday, he...
 
 
 
 
Sep 01, 2014
Gem Diamonds, whose flagship mine Letseng is located in Lesotho, said it did not anticipate any impact on its operations from the political crisis unfolding in the country. Prime Minister Thomas Thabane fled Lesotho for South Africa early on Saturday, hours before...
Sep 01, 2014
Aim-listed Bellzone Mining would be advanced $750 000 by China Sonangol, in terms of an up to $4-million loan agreement, which was expected to allow the company to continue operations until mid-September. This advancement would bring the amount drawn down under loan...
Sep 01, 2014
East Africa-focused gold producer Shanta Gold on Monday announced its first operating profit of $11.1-million for the six months ended June 30. The company, which started commercial production in 2013 increased its gold production 10% year-on-year to 42 194 oz for...
Sep 01, 2014
Dual-listed Central Rand Gold (CRG) has entered into a memorandum of understanding (MoU) with China-based mining machinery manufacturer Zhejiang Golden Machinery Plant (ZGMP), establishing a framework for information sharing and collaboration between the companies....
Sep 01, 2014
Anglo American company Kumba Iron Ore on Monday opened a sun-powered Internet school in Tembisa. The initiative, at Jiyana Secondary School, is the first of four such projects to better education, feed pupils and produce cooking gas from recycled waste.
Sep 01, 2014
Rand Refinery has confirmed to Mining Weekly Online that members of the National Union of Metalworkers of South Africa (Numsa), who represent about 35% of the total workforce, have embarked on a protected strike at the company’s Germiston-based plant. This followed...
Sep 01, 2014
JSE-listed Wesizwe Platinum on Monday said that it expected its basic and headline loss a share for the six months ended June 30 to be more than 20% lower than that of the prior corresponding period. Wesizwe expected a basic and headline loss a share of between 0.1c...
Sep 01, 2014
Gold miner Silver Lake Resources has waived its pre-emptive right over the proposed Cannon gold project, in Western Australia, allowing project owner Southern Gold and ASX-listed Metals X to proceed with project development. In August this year, Southern Gold and...
Sep 01, 2014
Metals developer Centaurus Metals has reported a 33% increase in the direct shipping ore (DSO) resource at its Candonga project, in Brazil. Following a recent drilling programme at Candonga, the project was now estimated to host a Joint Ore Reserves...
Sep 01, 2014
A significant impairment over the carrying value of magnetite miner Grange Resources’ Savage River asset, in Tasmania, has resulted in the company reporting a statutory after-tax loss of A$162.2-million for the half-year ended June. The company reported non-cash...
 
 
 
 
Sep 01, 2014
Rescue workers have freed 22 miners who were trapped in a gold mine after a landslide in northern Nicaragua, and the government on Saturday vowed to continue search efforts for several workers that remained stuck underground. Some 29 miners were trapped on Thursday...
Sep 01, 2014
ASX-listed Aurelia Metals, formerly known as YTC Resources, has produced its first concentrate at the Hera gold/lead/zinc project, in South Australia. “Our first high-grade concentrate production is an important milestone for the Hera project. To see core...
Sep 01, 2014
Copper cathode producer Tiger Resources on Monday announced that it had completed the institutional component of its A$45.6-million capital raising. The institutional component comprises A$26.1-million. A further A$19.5-million will be raised through a share placement.
Sep 01, 2014
The Roy Hill iron-ore mine, in Western Australia, has reported another milestone with the official start of owner/operator mining, said unlisted Hancock Prospecting. The $10-billion Roy Hill project was expected to deliver its first export product by September 2015.
Sep 01, 2014
Australia’s gold production increased by 9%, or 24 t, during 2013/14, compared with the previous year, to 282 000 t, mining consultants Surbiton Associates revealed this week. At the current spot price, Australia’s gold production was worth an estimated...
 
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