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Acacia says senior manager charged in Tanzania corruption probe

By: Creamer Media Reporter      23rd October 2018 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... 

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... 

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... 

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... 

Glencore CEO said to tell investors he'll retire in 3 to 5 years  

By: Bloomberg     22nd October 2018 Ivan Glasenberg, who built Glencore into a dominant force in commodities trading and became the face of the industry, told investors he plans to retire in three to five years, according to people familiar with the matter. Glasenberg discussed his succession plan in recent meetings and said he has... 

China's Shandong Zhaojin seeks South American mining assets

By: Reuters     19th October 2018 Shandong Zhaojin Group, one of China's biggest gold miners, is scouring assets in South America as it looks to invest in its first overseas mining project, its general manager said on Friday. The company has set up a representative office in Machala, capital of Ecuador's El Oro province,... 

Arc exits Indonesia JV to focus on Ontario project

By: Esmarie Iannucci     19th October 2018 ASX-listed junior Arc Exploration has inked a binding sales agreement to divest of its joint venture (JV) interest in the Trenggalek copper/gold project, in East Java, Indonesia. The company has sold its interest to JV partner PT Sumber Mineral Nusantara for A$100 000, saying on Friday that the... 

South African mint shines in Africa

By: Natasha Odendaal     19th October 2018 The South African Mint’s (SA Mint’s) master craft and secure manufacturing has made it one of the top preferred manufacturers of coins and coin blanks in the world, and a valuable partner across Africa. The famous producer of circulation and commemorative coins has, on its CV, an impressive list... 

Freeport earns into project near Codelco's Chuquicamata

By: Mariaan Webb     18th October 2018 Base metals junior Solaris Copper, which was recently spun out of Equinox Gold, reported on Thursday that US miner Freeport McMoRan would earn up to 80% in its early stage Ricardo property, in Chile. Freeport would be required to incur gross expenditures of $130-million or $30-million plus the... 

Alkane reconsiders Peak Hill

By: Esmarie Iannucci     18th October 2018 ASX-listed Alkane Resources is considering the development of an underground operation at its Peak Hill gold mine, some 15 km from its Tomingley gold project, in New South Wales. The junior company said on Thursday said that an inferred mineral resource of 1.02-million tonnes, grading 3.29 g/t... 

Zambia's finance minister says new mining taxes will not hit operations

By: Reuters     18th October 2018 Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes in Africa's No.2 copper producer, its finance minister said on Wednesday. Zambia plans to introduce new mining duties, replace Value Added Tax with sales tax and increase... 

Pacton mulling milling options

By: Esmarie Iannucci     18th October 2018 ASX-listed junior Artemis Resources has entered into a strategic processing alliance with TSX-V listed Pacton Gold, leveraging opportunities at Artemis’ Radio Hill operations, in Western Australia. Pacton told shareholders on Thursday that the Radio Hill processing facility provided the... 

Xanadu achieves dual-listed status

By: Creamer Media Reporter      18th October 2018 Mongolia-focused Xanadu Mines will list on the TSX on Thursday, as part of the company’s efforts to develop a broader awareness of its porphyry copper/gold discovery in Mongolia’s south Gobi. 

Hudbay investor is said to seek changes to miner's board

By: Bloomberg     17th October 2018 An investor in Hudbay Minerals wants to meet with the Toronto miner to discuss replacing members of its board, as well as to seek assurances it won’t pursue acquisitions or joint venture without consulting shareholders, according to a person familiar with the matter. Waterton Global Resource... 

E-waste recycling sector still underdeveloped in South Africa

By: Marleny Arnoldi     17th October 2018 The South African electronic-waste (e-waste) recycling industry has not yet reached a point where most components are recovered for reuse, University of KwaZulu-Natal rare earth recycling technologies researcher Mark Williams-Wynn told delegates at the WasteCon 2018 exhibition on Wednesday. He... 

South African company building new smelter in Zimbabwe

By: Victor Moolman     17th October 2018 Foundry and engineering company Thos Begbie is working in the Great Dyke of Zimbabwe, close to the town of Shurungwi, where it is helping to construct the Unki platinum smelter, adjacent to a mining operation owned by platinum mining company Anglo American Platinum (Amplats). Thos Begbie was... 

Brazilian assets start to deliver for Oz

By: Esmarie Iannucci     17th October 2018 Copper/gold producer Oz Minerals has reported an increase on copper production for the three months to September, following the addition o f the Antas copper project, in Brazil. Copper production in the September quarter was up to 31 919 t, up from the 27 131 t produced in the previous quarter,... 

Soil sampling gets under way at Red Rock’s DRC copper/cobalt licence

By: Creamer Media Reporter      17th October 2018 A soil sampling programme has started at a copper/cobalt licence in the Democratic Republic of Congo (DRC) owned by Aim-listed natural resources development company Red Rock Resources. The licence was recently acquired from a private seller. 

BHP iron-ore output up, FY copper guidance trimmed

By: Esmarie Iannucci     17th October 2018 Diversified giant BHP has reported increases in copper and iron-ore production during the three months to September, while petroleum and coal production fell. Iron-ore production for the three months to September was up by 10% on the previous corresponding period, to 61-million tonnes of ore,... 

Freeport CEO may be ready to sell, but does anyone want to buy?

By: Bloomberg     17th October 2018 Freeport-McMoRan’s annual LME Week party is usually an opportunity for CEO Richard Adkerson to hobnob with the traders and consumers who buy copper from his mining company. At this year’s event, he was surrounded by investment bankers. With its biggest stock overhang – a deal around its... 

Chile's State copper firm outlines lifeline plan for Salvador mine

By: Reuters     17th October 2018 Chile's State copper miner, Codelco, has submitted an environmental impact assessment of its plans to overhaul its aging Salvador deposit that would sharply increase its production and extend its life by 40 years. The Rajo Inca project would convert the existing mine, which has been in operation... 

Zambian mining group says tax changes will hit mineral exploration

By: Reuters     16th October 2018 Zambia's proposed mining tax increases will hit mineral exploration and production in Africa's second biggest copper producer, companies involved in exploration said on Tuesday. Zambia plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help... 

Metal Tiger T3 mine feasibility study ‘progressing well within budget’

By: Simone Liedtke     16th October 2018 The T3 mine feasibility study for Aim-listed strategic natural resource investor Metal Tiger’s joint venture project with ASX-listed MOD Resources in the Kalahari copperbelt, in Botswana, is “progressing well within budget”, and is due for completion in March 2019, Metal Tiger said on Tuesday.... 

Arc Minerals reports elevated copper intersections at Zambia project

By: Simone Liedtke     16th October 2018 Aim-listed Arc Minerals on Tuesday reported additional reverse circulation and diamond drill assay results from the company’s 11 000 m drilling programme at the Kalaba prospect, which is part of its Zamsort copper/cobalt project, in Zambia. The results found that mineralisation continues to be... 

Polish govt promises tax relief to help copper region

By: Reuters     16th October 2018 The Polish government is working on amending tax laws, which could lead to tax deductions of up to 5% on certain minerals, it said on Tuesday. Poland currently taxes copper and silver exploration, but the only company paying the levy is KGHM, one of the world's biggest copper and silver producers. 

Cavex® Hydrocyclones Expand Footprint Across Africa

16th October 2018 Weir Minerals Africa has expanded its Cavex® hydrocyclone footprint across Africa with its most two recent orders going into the Central African Copperbelt; one in Zambia and one in the Democratic Republic of Congo (DRC). Sheldon Gabriel, Product Manager – cyclones at Weir Minerals Africa, says... 

Oyu Tolgoi underground production delay announced

By: Mariaan Webb     16th October 2018 The $5.3-billion underground project at the Oyu Tolgoi copper/gold mine, in Mongolia, remains on schedule to be completed by 2022, but operator Rio Tinto has flagged a nine-month delay in achieving sustainable production. Rio Tinto-owned Turquoise Hill, which holds the giant mine in a 66:34... 

BHP doubles stake in Ecuador copper project

By: Esmarie Iannucci     16th October 2018 Mining major BHP has subscribed for a further £45-million worth of shares in copper developer SolGold, which is the majority owner and operator of the Cascabel porphyry copper-gold project, in Ecuador. BHP will be issued an additional 100-million shares, at a price of 45p each, taking its... 

Rio Tinto copper output jumps; iron-ore, aluminium production slip

By: Esmarie Iannucci     16th October 2018 Diversified major Rio Tinto has reported lower production across nearly all its commodities, besides copper, in the three months to September. “We have delivered consistent operational performance in the third quarter, highlighted by strong production from the group’s copper assets,” Rio CEO... 

Anglo Asian's Azerbaijan gold output rises 47% in Q3

By: Reuters     16th October 2018 Anglo Asian Mining's gold output rose 47% in the third quarter, the London-listed company said on Monday, adding that full-year production would be at the top end of its current guidance. Azerbaijan's leading gold mining firm said it produced 21 318 oz of the metal in the last quarter, against... 

Orion expects updated Prieska resource estimate by mid-December, BFS by Q2 2019

By: Marleny Arnoldi     15th October 2018 ASX- and JSE-listed Orion Minerals will publish an updated resource estimate for its Prieska zinc/copper project, in the Areachap Belt in South Africa’s Northern Cape province, in mid-December, which will underpin a bankable feasibility study (BFS) that is set for completion in the second quarter... 

Cradle Arc’s Thakadu mining licence extended to May 2020

By: Marleny Arnoldi     15th October 2018 Aim-listed copper and gold miner Cradle Arc has been granted an extension on its mining licence by the Botswana Ministry of Mineral Resources, Green Technology and Energy Security. The licence is now valid until May 31, 2020, and covers 28.5 km2, which includes the Thakadu openpit and adjacent... 

Evolution’s quarterly gold output dips, costs rise

By: Esmarie Iannucci     15th October 2018 Gold miner Evolution Mining has reported another solid quarter, producing 200 218 oz during the three months to September. The September quarterly production was slightly below the 202 254 oz produced in the June quarter. 

Codelco faces smelter disruptions in struggle to meet standards

By: Bloomberg     15th October 2018 Codelco plans to suspend operations at two of its four smelters for several weeks as the world’s largest copper producer falls behind schedule in complying with tougher emission rules in Chile by mid-December. Smelters at the Chuquicamata and Salvador mines will be halted for 75 days and 45... 

Atalaya evaluating strategic options

By: Mariaan Webb     12th October 2018 Copper miner Atalaya Mining is undertaking a review to evaluate its strategic options, the dual-listed miner confirmed on Friday, sending its shares in London up 15%. Atalaya, which owns the Proyecto Riotinto mine and Proyecto Touro development project in Spain, confirmed the strategic review in... 

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