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Sep 02, 2015
JSE-listed investment holding company Oakbay Resources & Energy is upbeat about the long-term prospects for the uranium industry. "It is estimated that uranium demand will grow to 266-million pounds a year by 2030, up from the current 140-million pounds a year....
Sep 02, 2015
More than 1 000 South African workers at a Sibanye Gold mine have ended a two-day sit-in to protest against the deaths of colleagues, a union and company officials said on Wednesday. South Africa's mines are the deepest and among the most dangerous in the world....
Sep 02, 2015
South Africa-focused coal miner Universal Coal on Wednesday reiterated its sentiments regarding the proposed takeover offer from shareholder IchorCoal, noting that it would be at the expense of Universal’s shareholders, while being highly accretive to IchorCoal’s...
Sep 02, 2015
Vertically integrated steel producer Evraz Highveld Steel and Vanadium is one step closer to announcing a preferred bidder to buy the business, which is currently under business rescue. The company’s creditors’ committee met on Tuesday to consider three final binding...
Sep 02, 2015
The South African government on Wednesday welcomed Moody’s Investors Service’s decision to affirm South Africa’s sovereign ratings and maintain a stable outlook on the rating. Moody’s affirmed the government bond ratings at ‘Baa2’, based on the expectation that the...
Sep 02, 2015
Copper cathode producer Tiger Resources is hoping to reactivate its Kipoi central openpit mine during 2016. Interim CEO Michael Griffiths told Mining Weekly Online that the planning process for the reactivation was currently being undertaken as the miner prepared for...
Sep 02, 2015
ASX-listed Bass Metals could potentially acquire up to a 35% stake in Aim-listed graphite producer StratMin Global Resources’ Loharano mine, in Madagascar, through a farm-in agreement. The Australian company would acquire a 25% stake in StratMin’s wholly owned...
Sep 02, 2015
ASX-listed gold miner Resolute Mining is hoping to turn its recently acquired Bibiani project, in Ghana, into a high-margin, long-life operation. “To make sense for us, the project needs to be a 100 000 oz/y or more operation and have a decent mine life,” Resolute...
Sep 02, 2015
Sep 02, 2015
Sep 01, 2015
Sep 02, 2015
 
 
 
Sep 02, 2015
Zambia's kwacha fell more than 5% to a record low against the dollar on Wednesday, dragged down by the sharp decline in the price of copper and worries about electricity supply. The kwacha, currency of Africa's second largest copper producer, plunged to 9.4900 per...
Aug 31, 2015
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Sep 03, 2015
Updated 4 hours ago Canadian Stock Exchange-listed GoviEx Uranium announced on Wednesday that its strategic partner Toshiba Corporation, one of the world's largest nuclear reactor vendors – has agreed to a two-year extension of an early redemption right of Toshiba's $10-million uranium...
Sep 02, 2015
Updated 4 hours ago TSX-V-listed Metanor Resources has on Wednesday crossed a critical milestone in improving its balance sheet after it paid back a $7-million loan from Ressources Quebec. The company, which operated the Bachelor gold mine, located in Desmaraisville, 250 km north-east...
Sep 02, 2015
Updated 4 hours ago Nearctic Nickel Mines has sued the Quebec Ministry of Energy and Natural Resources for allegedly taking three territories from the Expo Ungava property, in 2008, to create three mining leases issued to Canadian Royalties Nearctic subsidiary, Ungava Mineral...
Sep 02, 2015
Updated 5 hours ago Brazil's Vale said on Wednesday it had received a ruling allowing it to restart operations at the Onca Puma nickel mine, in Para state. A federal court last month ordered operations stopped due to a dispute over payments to local indigenous communities.
Sep 02, 2015
Updated 5 hours ago Europe-focused copper miner EMED Mining has completed site development work for Phase 1 of its flagship Rio Tinto mine, in Spain’s Andalucía region, ahead of schedule and below budget, achieving first copper concentrate production on July 31. “Having attained our...
Sep 02, 2015
Updated 6 hours ago Arizona-based mining company Freeport-McMoRan said on Wednesday it was dismissing some 650 workers at its El Abra copper mine, in Chile, and partially suspending operations at the complex until mid-September as it cuts mining rates in half. Last week, Freeport,...
Sep 02, 2015
Updated 6 hours ago Independent proxy advisory firms Institutional Shareholder Services (ISS) and Glass, Lewis & Co (Glass Lewis) have backed Lake Shore Gold’s binding proposal to buy project developer Temex Resources. Under the terms of the proposal, Temex shareholders would receive,...
Sep 02, 2015
Updated 7 hours ago President Barack Obama on Wednesday will become the first sitting US president to visit a community north of the Arctic Circle, a trek the White House hopes will bring into focus how climate change is affecting Americans. After meeting tribal leaders and fishermen...
 
 
 
 
Sep 02, 2015
Canada's ruling Conservatives, seeking to retain power in a federal election on October 19, promised on Wednesday to extend exploration tax credits available to mining firms by three years starting in 2016/17. Canada is a major centre for the world's metal and...
Sep 02, 2015
Swiss trading house Trafigura said on Wednesday it has agreed to buy two iron-ore mines from MMX Sudeste Mineracao, the Brazilian mining firm run by fallen tycoon Eike Batista and under bankruptcy protection. Trafigura did not give the price, but said in an email...
Sep 02, 2015
Industry and Science Minister Ian Macfarlane on Wednesday officially opened the Maules Creek coal mine, in New South Wales. ASX-listed Whitehaven’s A$767-million opencut coal mine started production in August 2014, and was expected to deliver some 13-million tonnes...
Sep 02, 2015
Premier Colin Barnett
West Australian Premier Colin Barnett on Wednesday voiced optimism over the future of commodity prices, expressing the view that, while the market was still fragile, commodity prices had likely “hit the bottom”. “Oil, gas and iron-ore prices are low, but we have...
Sep 02, 2015
ASX-listed junior Bligh Resources has inked a joint venture (JV) agreement over its Bundarra gold project, in Western Australia, which could result in the project moving into production within 18 months. Under a memorandum of understanding with privately owned Angler...
Sep 01, 2015
Brazilian mining firm Vale said on Tuesday that it has received $1.08-billion from the sale of a 36.4% stake in its Minerações Brasileiras Reunidas subsidiary, which was announced in July.
Sep 01, 2015
Construction at TSX-V-listed Goldsource Mines' Eagle Mountain gold project, in Guyana, continues to progress well, with commissioning for Phase I production to take place during the fourth quarter. The company explained on Tuesday that the first phase of the project...
Sep 01, 2015
Canadian miner Ivernia hopes to position itself as a base metal mining, exploration and development company with a focus on lead metal through a $30-million deal to buy Geo Zone Exploration. Ivernia said on Tueday that it would acquire all the Geo Zone's outstanding...
Sep 01, 2015
President Barack Obama on Tuesday proposed a faster timetable for buying a new heavy icebreaker for the US Arctic, where quickly melting sea ice has spurred more maritime traffic, and the US has fallen far behind Russian resources. The move, part of a push to...
Sep 01, 2015
 
 
 
 
Sep 01, 2015
JSE-listed Eqstra’s embattled contract mining and plant rental division is showing signs of recovery and is nearly ready to look after itself, the unit’s new CEO Justin Colling said on Tuesday. The division plunged into turmoil last year, dragging its parent’s...
Sep 01, 2015
The major redevelopment of Aim-listed Shanta Gold’s New Luika mine, in Tanzania, between January and May, as well as the volatile gold price, resulted in a drop in the company’s revenue to $31.9-million in the six months ended June 30, compared with $58.3-million in...
Sep 01, 2015
Aim-listed African Potash has signed its second fertiliser offtake deal with a Malawi-based fertiliser supply company. This represented the second offtake deal following the signing, last month, of a landmark trading agreement with the Common Market for Eastern and...
Sep 01, 2015
Dual-listed miner DiamondCorp’s first diamond sale from its Lace mine, in the Free State, has been scheduled for October, when tunnel and initial slot drive tonnage would have provided a sufficiently representative parcel of kimberlite diamonds.   The result of...
Sep 01, 2015
Aim-listed gold production, development and exploration company Hummingbird Resources has secured a $5-million facility extension to start moving its flagship 1.8-million-ounce Yanfolila gold project, in Mali, towards targeted production in 2016. With the completion...
Sep 01, 2015
Junior explorer Boss Resources has entered into an agreement with Canada-based Uranium One to acquire the Honeymoon uranium project, in South Australia. Under the terms of the transaction, Boss would pay a A$200 000 site access fee, giving it exclusive access to the...
Sep 01, 2015
Difficult operating and financial conditions have forced coal miner Wollongong Coal to suspend mining operations at its Russell Vale colliery, in New South Wales, and to place the operation on care and maintenance. CEO Milind Oza on Tuesday said the company had been...
Sep 01, 2015
ASX-listed unconventional gas explorer Metgasco has launched legal action against the New South Wales government, claiming damages for the suspension of its 2014 drilling programme and preparing a judicial review over two of its licences. Metgasco has been in...
Sep 01, 2015
Iron-ore miner Atlas Iron on Tuesday announced another board shuffle as part of its ongoing strategy to reduce costs. Ken Brinsden, who was appointed as an executive director in June, after standing aside as MD, had now been appointed as nonexecutive director.
Sep 01, 2015
ASX-listed Wolf Minerals has started tungsten concentrate production at its Drakelands openpit mine at the Hemerdon tungsten and tin project, in the UK. “We are very pleased to announce that, as part of the commissioning process, we have now produced tungsten...
 
 
 
 
Sep 01, 2015
Gold miner Evolution Mining has forward sold some 300 000 oz of gold, at an average price of A$1 638/oz, to take advantage of a recent rally in the Australian gold price. The miner noted on Tuesday that 100 000 oz of the gold would be delivered in the 2016 financial...
Sep 01, 2015
A scoping study into the Duwi flake graphite project, in Malawi, has confirmed that the project could support the production of 110 000 t/y of graphite concentrate over an initial mine life of 20 years. Owner Sovereign Metals on Tuesday said the scoping study...
Sep 01, 2015
Gold dump mining company DRDGold on Tuesday lifted its dividend payout fivefold. In declaring a final dividend of 10 c a share in the year ended June 30, the Johannesburg and New York-listed surface miner dished out its eighth consecutive final dividend on results...
Sep 01, 2015
US Mint sales of American Eagle gold coins fell 40% in August from July's highest level in more than two years, as concern about a slowing Chinese economy lifted bullion prices above a five-and-a-half year low, government data showed on Monday. American Eagle...
Sep 01, 2015
Canadian gold producer AuRico Metals on Monday said that compatriot Alamos Gold had lifted its ownership of the company to more than 10%. TSX-listed Alamos would buy eight-million AuRico Metals shares at C$0.70 apiece for C$5.6-million. Together with the 5.77-million...
 
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