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Mining News

Nersa unveils adjudication schedule for Eskom’s 15% hike application

By: Terence Creamer     Updated 5 hours ago The National Energy Regulator of South African (Nersa) has unveiled its adjudication timetable for Eskom’s fourth multiyear price determination (MYPD4) revenue application, which will include public hearings in all nine provinces between January 14 and February 1, 2019. The regulator has also... 

Acacia says senior manager charged in Tanzania corruption probe

By: Creamer Media Reporter      Updated 7 hours ago Acacia Mining on Tuesday reported that a senior manager of its Tanzanian businesses had been arrested and charged by the Tanzanian Prevention and Combating of Corruption Bureau (PCCB).  The senior manager has pleaded not guilty to all charges.   

US Justice Dept demands details from Glencore on intermediary firms – sources

By: Reuters     23rd October 2018 The US Department of Justice is seeking documents from Glencore about intermediary companies that the commodities firm has worked with in the Democratic Republic of Congo, Venezuela and Nigeria, sources familiar with the matter said. The investigation is not directed at Glencore's own activities... 

Pathfinder raises £150k

By: Creamer Media Reporter      23rd October 2018 London-listed Pathfinder Minerals, which seeks to mine heavy mineral sands in Mozambique, has conditionally raised £150 000 through a share subscription with new and existing investors, including nonexecutive cochairperson Simon Farrell and CEO Scott Brown. The proceeds from the subscription... 

Sipa starts ‘extensive’ Uganda nickel exploration programme

By: Nadine James     23rd October 2018 Australia-based exploration company Sipa Resources on Tuesday announced that an “extensive” nickel exploration programme was under way at the Kitgum Pader joint venture (JV) project, in Uganda. The Kitgum-Pader project contains two new mineral discoveries, Akelikongo nickel/copper sulphide and... 

Anglo’s portfolio performs well in Q3  

By: Nadine James     23rd October 2018 Diversified miner Anglo American’s focus on driving efficiency and productivity across the business resulted in another strong quarter, with volumes for the third quarter 1% higher year-on-year, Anglo CE Mark Cutifani commented on Tuesday. “Production per employee has increased by 5% [so far this... 

Anglo’s portfolio performs well in Q3
Photo by Bloomberg
Anglo American CE Mark Cutifani

Independence invests A$51m in exploration

By: Esmarie Iannucci     23rd October 2018 Diversified miner Independence Group will spend A$51-million on discovery expenditure in the 2019 financial year, MD and CEO Peter Bradford said on Tuesday. Speaking to the Australian Nickel conference, Bradford said that some A$33-million of this funding would go towards greenfields... 

Iamgold to apply for Senegal mining concession

By: Mariaan Webb     23rd October 2018 The outcome of the feasibility study for the Boto gold project is a significant improvement on the results outlined in the prefeasibility study and will be used to support an application for a mining concession before the end of the year, Canadian gold miner Iamgold reported on Monday. The study... 

New Gold simplifies operational structure, Cory Atiyeh departs

By: Creamer Media Reporter      23rd October 2018 Gold mining company New Gold has announced the departure of executive VP for operations, Cory Atiyeh, as the company implements a simplified operational structure following the announced sale of the Mesquite mine and the earlier sale of the Peak mine – both in Mexico. New Gold will now only... 

Brazilian pension fund Previ won't sell Vale shares before year end

By: Reuters     23rd October 2018 Brazilian pension fund Previ, one of iron ore miner Vale SA's largest shareholders, will not sell part of its stake before the year ends, its CEO said on Monday. Speaking on the sidelines of a conference in Rio de Janeiro, CEO Jose Mauricio Coelho said the fund intended to reduce its stake in... 

Trevali lowers Caribou mine guidance

By: Mariaan Webb     23rd October 2018 TSX-listed Trevali Mining has lowered its zinc and lead production guidance for the Caribou mine in Bathurst, New Brunswick, but the company remains on track to achieve its consolidated zinc production guidance. The Caribou mine’s zinc guidance has been lowered from a range of 86-million to... 

De Beers’ rough diamond production down 5% in Q3

By: Nadine James     23rd October 2018 De Beers Group on Tuesday reported that its rough diamond production had decreased by 5% to 8.7-million carats in the third quarter ended September 30, owing to planned volume reductions in Botswana and South Africa. In Botswana, production declined by 6% to 5.7-million carats owing to the... 

De Beers’ rough diamond production down 5% in Q3

Amplats lifts FY18 production, sales guidance after robust Q3 performance 

By: Nadine James     23rd October 2018 Anglo American Platinum (Amplats) has again revised its full-year platinum group metal (PGM) production guidance upwards and now expects to produce between 5.1-million and 5.2-million ounces on the back of robust third-quarter production. The company initially expected to produce between... 

B2Gold studying expansion at El Limon

By: Mariaan Webb     23rd October 2018 Vancouver-headquartered B2Gold is mulling an expansion at the El Limon mine, announcing on Monday that it is considering a $35-million investment to increase production at the Nicaragua-based mine. B2Gold has concluded an expansion study, which indicates that increasing plant capacity from 485... 

B2Gold studying expansion at El Limon

Kumba on track to meet FY18 guidance 

By: Nadine James     23rd October 2018 Although rail constraints resulted in a reduction in export sales for Kumba Iron Ore during the third quarter ended September 30, the Anglo American subsidiary remains on track to meet its full-year guidance of producing between 43-million and 44-million tonnes of iron-ore. The iron-ore miner on... 

Kumba on track to meet FY18 guidance
Photo by Nadine James
Sishen mine

Black Mountain sees exploration potential at Lanfranchi

By: Esmarie Iannucci     23rd October 2018 Privately held Black Mountain Metals on Tuesday told delegates at the Australian Nickel conference, in Perth, that the company would focus on exploring its recently-acquired Lanfranchi nickel operation, in Western Australia, before planning a restart. Black Mountain in September acquired the... 

Newcrest looking to boost automation and AI with Tata partnership

By: Creamer Media Reporter      23rd October 2018 Gold miner Newcrest Mining is looking to enhance the use of automation and artificial intelligence across its operations, announcing on Tuesday the creation of an Innovation and Digital Operations Center (IDOC) in India. Newcrest has signed a collaboration agreement with information technology... 

Terramin flags higher output at Algeria zinc/lead mine

By: Esmarie Iannucci     23rd October 2018 An initial optimisation study into the Tala Hamza zinc/lead project, in Algeria, has flagged a substantial increase in production rates, ASX-listed Terramin Australia said on Tuesday. Terramin, which owns a 65% interest in the project, reported that the initial optimisation study had identified... 

Backed by positive PFS, Global to enter offtake discussions for Nevada lithium mine

By: Esmarie Iannucci     23rd October 2018 The Rhyolite Ridge lithium/boron project, in Nevada, could be in production by 2021, delivering 20 200 t/y of lithium carbonate and 173 000 t/y of boric acid. ASX-listed Global Geoscience on Tuesday reported that a prefeasibility study (PFS) into the Rhyolite Ridge project had estimated initial... 

BHP powering ahead with plans to lift Nickel West production

By: Esmarie Iannucci     23rd October 2018 Mining major BHP’s Nickel West division is powering ahead with plans to increase production at its Leinster operation, in Western Australia. Nickel West head of integrated operations, Karl Stokes, told delegates at the Australian Nickel conference, in Perth, on Tuesday that the division’s... 

BHP powering ahead with plans to lift Nickel West production

Strike halts mining at Iluka's Sierra Leone operations

By: Esmarie Iannucci     23rd October 2018 Mineral sands miner Iluka has been forced to temporarily suspend mining operations at its Siera Rutile operations, in Sierra Leone, following a strike at the operation. The ASX-listed company reported on Tuesday that the unlawful strike action had been peaceful, but the decision was taken to... 

Reduce and reuse raw materials to slash waste and emissions, UN and think-tanks urge

By: Reuters     23rd October 2018 The rapid consumption of raw materials must be curbed to cut waste and carbon emissions, the United Nations and global think-tanks have urged, with resource consumption set to almost double by 2060, especially in developing economies. In the twentieth century, the world mined 34 times more... 

Ichthys ships first LNG to Japan

By: Esmarie Iannucci     23rd October 2018 The Ichthys liquefied natural gas (LNG) has shipped its first LNG from its onshore gas liquefaction plant in Darwin, in the Northern Territory. Operator Inpex on Tuesday said that the first shipment of LNG was destined for the Inpex-operated Naoetsu LNG terminal in Japan, and followed the first... 

Ichthys ships first LNG to Japan

Kibali set for another record quarter

By: Creamer Media Reporter      22nd October 2018 The Kibali gold mine, in the Democratic Republic of Congo (DRC), is continuing to deliver performance improvements across the board and is expected to post record results for the quarter ended September 30, Randgold Resources CE Mark Bristow said on Monday. Speaking at a briefing for local media,... 

Kibali set for another record quarter
Photo by Bloomberg
Randgold Resources CEO Mark Bristow

RBPlat achieves improvements in key performance indicators in Sept quarter 

By: Tasneem Bulbulia     22nd October 2018 Royal Bafokeng Platinum (RBPlat) recorded improvements across key performance indicators in the quarter ended September 30. The company achieved an 18.4% increase in tonnes delivered to concentrators to 939 000 t, while tonnes milled increased by 18.9% to 981 000 t, supported by higher delivered... 

Cononish mine receives planning application decision notice

By: Mariaan Webb     22nd October 2018 Scotgold, the company gearing up to build the Cononish mine on the edge of the Loch Lomond and the Trossachs National Park, said on Monday that it had received a decision notice relating to the planning application for its gold and silver project. The Aim-listed company’s application for the... 

Eskom gearing up for big grid-scale battery storage roll-out 

By: Terence Creamer     22nd October 2018 State-owned electricity utility Eskom is preparing to roll-out battery energy storage systems (BESS) across multiple sites as part of a replacement plan for the 100 MW Kiwano concentrated solar power (CSP) project initially approved as part of the $3.75-billion World Bank loan extended to the... 

Eskom gearing up for big grid-scale battery storage roll-out
Photo by Creamer Media
Eskom has been testing battery storage solutions at its research facility in Rosherville for the past few years

Orion completes follow-up metallurgical testwork at its Prieska project

By: Simone Liedtke     22nd October 2018 ASX- and JSE-listed Orion Minerals has completed the follow-up locked-cycle metallurgical testwork on the deeper mineralised domains at its Prieska zinc/copper project, in the Northern Cape. The Prieska deep sulphide zone is currently the subject of a bankable feasibility study (BFS) targeted for... 

Lonmin undertakes refinancing, delivers on results promise 

By: Simone Liedtke     22nd October 2018 Platinum miner Lonmin has entered into a $200-million metal purchase agreement with Pangaea Investments Management (PIM), an associate company of Jiangxi Copper Company (JCC), which will provide the miner with improved liquidity and remove certain restrictive current lender conditions. Of the... 

Lonmin undertakes refinancing, delivers on results promise
Photo by Creamer Media
Lonmin CEO Ben Magara

Conroy announces new gold outcrop discovery

By: Creamer Media Reporter      22nd October 2018 Ireland-focused Conroy Gold and Natural Resources on Monday announced the discovery of a new bedrock gold mineralisation, sending the Aim-listed miner’s stock up 3.7%. The gold outcrop has a grade of 5.6 g/t gold and could be a direct link between the Clontibret gold deposit and the Corcaskea... 

Lucara to hold first sale through Clara digital sales platform

By: Simone Liedtke     22nd October 2018 TSX-listed Lucara Diamond Corp will hold the first diamond sale through its 100%-owned digital sales platform, Clara Diamond Solutions, in November. It has invited a select group of large vertically integrated jewellery houses and global diamond manufacturers to participate in the sale. 

Kazatomprom confirms plan for London, Astana IPO

By: Reuters     22nd October 2018 The world's biggest uranium miner, Kazakh state firm Kazatomprom, confirmed on Monday its intention to list global depository receipts on the London stock exchange as part of an initial public offering. The company, which announed the preliminary plan last week and said it would also list shares... 

BASF and Norilsk Nickel sign nickel and cobalt supply agreement

By: Creamer Media Reporter      22nd October 2018 Chemicals and cathode giant BASF has locked in a local source of feedstock for its European battery materials business, announcing on Monday that it had signed a long-term, market-based agreement with Russian miner Norilsk Nickel (Nornickel) for nickel and cobalt supply. The German group also... 

BASF and Norilsk Nickel sign nickel and cobalt supply agreement

Edenville submits RfQ documentation to Tanesco

By: Tasneem Bulbulia     22nd October 2018 Edenville Energy, which is developing a coal project in south-west Tanzania, has submitted the required documentation to Tanzania Electricity Supply Company (Tanesco) in relation to the utility’s request for qualification (RfQ) for coal-fired power generation projects in Tanzania.  The submission... 

Mantashe holds collaborative meeting with MCSA

By: Tasneem Bulbulia     22nd October 2018 Mineral Resources Minister Gwede Mantashe met with the executive of the Minerals Council South Africa and CEOs in the coal and platinum sectors on Friday to receive a briefing on the challenges faced by companies in these sectors, and to work on finding solutions for the long-term sustainability... 

Petra delivers sound Q1 production

By: Tasneem Bulbulia     22nd October 2018 London-listed Petra Diamonds achieved a solid operational performance in the three months ended September 30 – the first quarter of its 2019 financial year. Production for the period increased by 21% year-on-year to 1.07-million carats, mainly as a result of a 25% increase in run-of-mine... 

GR Engineering wins Fungoni EPC contract

By: Esmarie Iannucci     22nd October 2018 ASX-listed junior Strandline Resources has awarded fellow-listed GR Engineering Services the engineering, procurement and construction (EPC) contract for the Fungoni mineral sands project, in Tanzania. The EPC contract, valued at $17.6-million, will cover a two-million-tonne-a-year processing... 

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