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Apr 28, 2015
Updated 3 hours ago Good overall third-quarter production performance by BHP Billiton hid the weaker performance of most of the assets that make up South32, Investec Securities mining analyst Hunter Hillcoat commented on Tuesday, ahead of the May 6 shareholder vote on the setting free...
Apr 28, 2015
Diversified mining and marketing company Glencore spent $114-million on corporate social initiatives last year, representing 2.2% of group profit before tax, the company said on Tuesday. The 181 000-employee, 50-country Glencore, headed by CEO Ivan Glasenberg, said...
Apr 28, 2015
Exceeding their production guidance for the three months ended March 31, Aquarius Platinum’s Mimosa mine, in Zimbabwe, and Kroondal mine, in South Africa, delivered 57 391 oz and 107 089 oz respectively of platinum-group metals (PGMs) for the quarter, while...
Apr 28, 2015
Lower platinum group metals (PGM) feed tons related to several plant interruptions and lower PGM plant feed grades have dented Sylvania Platinum’s production for the quarter ended March 31 by 13%, narrowing output from the company’s production and development...
Apr 28, 2015
Updated 5 hours ago Anglo American said on Tuesday it was ramping up output at its South African coal mine to meet its production targets after a 13-day wildcat strike by workers halted operations. Workers at Anglo's Kleinkopje mine, which produced 3.9-million tonnes of thermal coal in...
Apr 28, 2015
Coal and iron-ore miner Petmin on Tuesday noted that the solid performance at its Somkhele metallurgical anthracite mine continued for the nine months to March 31, with the mine having produced one-milion tonnes of anthracite, a 23% increase from the 827 983 t...
Apr 28, 2015
The 62 South Africans working at mineral sands producer Kenmare Resource’s Moma mine, in Mozambique, have returned to work. The workers were last week temporarily repatriated as a precautionary measure, owing to unrest and attacks against foreign nationals working in...
Apr 28, 2015
Updated 3 hours ago Zambia's Copperbelt Energy Corp. (CEC) said on Tuesday it had restored electricity supply to its mining customers after a countrywide blackout, the company's spokesperson said. Chama Nsabika said normal power supply was restored to mining firms in the southern...
Apr 28, 2015
Apr 28, 2015
Apr 28, 2015
Apr 28, 2015
 
 
 
Apr 28, 2015
The fabrication of the process plant for Aim-listed Premier African Minerals’ 49%-owned RHA tungsten project, in Zimbabwe, is expected to be completed by the end of May. The majority of the plant components had been delivered to Appropriate Process Technologies...
Apr 28, 2015
Zimbabwe's tax collections were five% above target at $897-million during the first quarter of this year but revenue from companies and mining royalties fell, the head of the national tax agency said on Sunday. Zimbabwe finances its entire budget from taxes because...
Apr 28, 2015
Dual-listed gold miner Alacer Gold has increased the production expectations from its flagship Çöpler mine, in Turkey, from between 180 000 oz and 200 000 oz, to between 190 000 oz and 210 000 oz. The higher production would result from an increase in oxide...
Apr 27, 2015
Greece's top administrative court on Monday rejected a 2013 decision by local authorities in northern Greece which had blocked Eldorado Gold's plans to build a processing plant in the area, court officials said. Canadian miner Eldorado has spent about $400-million...
Apr 28, 2015
The world’s largest gold producer by output Barrick Gold has missed Wall Street analyst’s average first-quarter earnings forecast, as lower metals prices and lower sales impacted the bottom line. For the three months ended March 31, TSX- and NYSE-listed Barrick...
Apr 28, 2015
he Minerals Council of Australia (MCA) has welcomed federal Environment Minister Greg Hunt’s decision to approve the development of the Kintyre uranium project, in the Pilbara. The project, which Cameco and Mitsubishi Development are jointly developing, was approved...
Apr 27, 2015
Mongolia signalled on Monday it will not abide by an international tribunal's order to pay more than $100-million to Canadian uranium explorer Khan Resources. A decision not to pay the sum, awarded to Khan in a incensing dispute, could set back efforts by the...
Apr 27, 2015
Top aluminium producer United Company Rusal will start producing metal at its Boguchansk project, in Russia, by June and will ramp up output over the following year depending on demand, the company's chief executive said on Monday. Weak aluminium prices are forcing...
Apr 28, 2015
Major producer Coal India Limited (CIL) will seek help from external domestic and foreign miners to develop underground mines requiring high-grade technology. According to an official in the Coal Ministry, CIL has identified a string of underground mines wherein...
Apr 28, 2015
After opposing mineral resource allocation through auctions, the Federation of Indian Mineral Industries (FIMI) has accepted it as a fait accompli, assuring the government of its co-operation. In a communication to the Secretary for the Mines Ministry, Anup Pujari,...
 
 
 
 
Apr 28, 2015
Australia on Tuesday downplayed the chances of a strong recovery in iron ore prices, sticking with an earlier forecast of $60 for 2015 despite a 25% recovery in the market price this month. Shares of smaller iron ore miners have surged in recent weeks after the spot...
Apr 28, 2015
Creamer Media’s Iron-Ore 2015 report provides an overview of the global iron-ore market, with particular reference to pricing, supply and demand, as well as the trade in iron-ore. It provides information on not only the major mergers and acquisitions, and the trade...
Apr 28, 2015
Updated 3 hours ago US mines produced 89 100 kg of silver in January, an 11% decrease when compared with December silver output of 99 900 kg and a 7% decrease compared with that of January 2014, the US Geological Survey (USGS) had found in its latest mineral industry survey for the grey...
Apr 28, 2015
Updated 4 hours ago Canadian miner Alamos Gold has reported that the injunction granted in January against the Turkish Environment Ministry’s August 2014 approval of the environmental-impact assessment (EIA) for its Agi Dagi gold project had been dismissed by the Canakkale...
Apr 28, 2015
Updated 4 hours ago NYSE-listed fossil fuels producer Consol Energy has reported a 32% year-over-year drop in first-quarter earnings as improved output was offset by falling prices for its coal and oil and gas products. The Pittsburgh-based company on Tuesday reported net income fir the...
Apr 28, 2015
Following record production during the March quarter, copper miner Straits Resources has upped its output expectations for the full year, from 27 000 t to 28 500 t. During the three months under review, the Tritton copper mine, in New South Wales, produced a record...
Apr 28, 2015
ASX-listed Beach Energy has reported declines in production and sales during the quarter ended March, with natural oil field declines and weather delays affecting output. Beach told shareholders on Tuesday that production for the quarter declined by 11% on the...
Apr 28, 2015
Copper miner Aditya Birla this week announced that the 2014 sinkhole, which halted production from its Nifty operation, in Western Australia, had wiped some 6.6-million tonnes of mineral resource from the project’s total resource. Mining operations were suspended in...
Apr 28, 2015
Gold miner Medusa has maintained its full year production expectations despite reporting a slight drop in production during the three months to March. During the quarter ended March, the ASX-listed miner produced 23 940 oz of gold from its Co-O mine, in the...
Apr 28, 2015
An updated mineral resources statement for TSX-listed Eastmain Resources’ Eau Claire gold deposit, part of the Clearwater project, in the James Bay region of Quebec, had increased the compliant measured resources by 53% and confirmed the project as the second...
 
 
 
 
Apr 27, 2015
Dubal Holding, the holding company for Dubai's stake in Emirates Global Aluminium and other assets, is considering possible acquisitions in local and international energy projects, it said on Monday. The firm was looking for equity interests related to coal, solar,...
Apr 27, 2015
Brazil's Vale has chosen Barclays to advise it on the sale of some or all of its Australian coal assets, two people close to the situation said on Monday, as the company looks to raise money to ride out the commodities rout.
Apr 24, 2015
Canadian uranium explorer U3O8 Corp has signed an exploration agreement with the provincial petroleum and mining company of Chubut province, in Argentina, which will allow it to explore properties located next to its Laguna Salada uranium deposit. Should it succeed...
Apr 24, 2015
Mexican mining giant Grupo Mexico subsidiary Southern Copper has reported a 12.7% slide in profit for the three months ended March 31, as expenses related to the Sonora river spill last year impacted the bottom line. The NYSE- and BVL-listed miner reported net income...
Apr 24, 2015
Peru's energy and mines minister said on Friday the government could ask Southern Copper to make further changes to its $1.4-billion Tia Maria project if needed after protests by farmers turned deadly this week. Rosa Maria Ortiz said the government was focused on...
Apr 24, 2015
Article contains comments
South African mining and energy adviser Ted Blom has raised a litany of concerns about the state of power utility Eskom and has warned of runaway costs and shortfalls in coal and water, as well as rail capacity. Blom was surprised by the recent buoyancy shown by...
Apr 24, 2015
Canadian exploration company Savary Gold has started a 15 000 m drill programme at its Karankasso project, in Burkina Faso. The project was a joint venture between Savary and West Africa-focused gold explorer Sarama Resources.
Apr 24, 2015
Zambia's fiscal deficit will exceed the targeted 4.6% of gross domestic product in 2015 due to weaker copper prices and changes to the mining tax regime, a senior Treasury official said on Friday. Mike Masiye, the director of budget in the ministry of finance, said...
Apr 24, 2015
China’s Go West strategy of encouraging coastal to inland flow of capital and people will result in the formation of a new commodity superhighway, says advisory firm Wood Mackenzie (Woodmac). This new superhighway will impact the energy trade flows within China and...
Apr 24, 2015
Acting Transnet CEO Siyabonga Gama
Acting Transnet CEO Siyabonga Gama, who was appointed to the position following the surprise secondment of Brian Molefe to Eskom, has placed revenue diversification at the top of his list of immediate priorities, with the weak commodity outlook seen as having the...
 
 
 
 
Apr 24, 2015
Aim-listed Firestone Diamonds has signed a $15-million standby debt facility with mining-focused private equity firm Resource Capital Fund (RCF) to satisfy one of the remaining conditions to the drawdown of its Absa debt facility, it told shareholders on Thursday....
Apr 24, 2015
Major Indonesian tin smelter PT Refined Bangka Tin (RBT) said it will slash output in April and May following a slump in prices of the solder material, although a key export group raised doubts about an industry wide effort to curb exports. Privately owned RBT will...
Apr 24, 2015
The share price of ASX-listed Metgasco surged by about 46% on Friday as the New South Wales Supreme Court found in favour of the company in its battle against the state government’s cancellation of its Rosella exploration well. Metgasco turned to the Supreme Court...
Apr 24, 2015
Iron-ore junior Mount Gibson said on Friday that it would achieve its full-year sales target of between 4.8-million tonnes and 5.2-million tonnes, and reported that cash flows would be protected by further cost-cutting initiatives. “Mount Gibson continued to focus...
Apr 24, 2015
Jersey-headquartered Petra Diamonds plans to launch a $300-million notes issue and increase its senior lender debt facilities to fund the construction of a R1.65-billion processing plant at the Cullinan mine, in South Africa, by the end of 2017. The group outlined on...
 
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