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Australia cobalt rush accelerates on electric vehicle demand, DRC troubles

By: Reuters     15th December 2017 Australia, home to the world's second-biggest cobalt reserves, is seeing a rush of interest in projects still years from production as makers of batteries used in electric vehicles (EVs) seek supplies of the metal from a more costly but less risky source than top miner, the Democratic Republic of... 

Strategic Minerals to purchase Australian copper mine outright

By: Mariaan Webb     15th December 2017 Aim-listed Strategic Minerals has renegotiated the terms of its acquisition of the Leigh Creek copper mine, in South Australia, and has decided to purchase the mine for A$3-million through an equal mixture of cash and equity. When Strategic Minerals announced the planned acquisition in October,... 

Rio Tinto not expected to relinquish interest in Freeport Indonesia until 2022 – govt official

By: Reuters     15th December 2017 Rio Tinto is not expected until 2022 to relinquish its interest in the giant Grasberg copper mine in Indonesia operated by the local unit of Freeport McMoRan, a government official said on Friday. "In 2022 it will automatically convert to a shareholding," the official said, referring to Rio's... 

BC govt refuses KGHM’s Ajax environmental permit

By: Henry Lazenby     15th December 2017 The British Columbia provincial government on Thursday refused to issue Polish base metals miner KGHM Polska Miedź’s Ajax copper/gold mine a provincial environmental certificate, saying the adverse effects of the project outweigh the potential benefits. The news is a blow to the nearby City of... 

CPV plant’s success contributes to economic growth

By: Tasneem Bulbulia     15th December 2017 Being the only concentrated photovoltaic (CPV) power plant of its kind in South Africa currently, independent power producer Pele Energy Group senior asset manager Ziska Mc Gilton says the 36 MW ac Touwsrivier CPV project is continuously providing economic upliftment and support for surrounding... 

Update on multimodal project progress set for next year

By: Donald Makhafola     15th December 2017 In the first quarter of next year, the Passenger Rail Agency of South Africa (PRASA) is set to provide further update on the Moloto rail corridor expansion project which aims to link Gauteng, Mpumalanga and Limpopo to ensure that passenger rail is the backbone of an integrated multi-modal... 

Steve Burks

     15th December 2017 This week we feature Steve Burks, MD of Lycopodium ADP, Cape Town, a company engaged in engineering design, procurement, construction management and the commissioning of metallurgical processing plants   

Zambia sees 2017 copper output rising up to 850 000 t

By: Reuters     14th December 2017 Zambia's 2017 copper output is expected to increase to between 800 000 t and 850 000 t from 774 290 t in last year, Mines Minister Christopher Yaluma on Thursday. Zambia's copper production is next year likely to increase further to reach 1-million tonnes, Yaluma said, citing improved power... 

Orion identifies exploration targets through survey

By: Megan van Wyngaardt     14th December 2017 A 962 km2 high-power SkyTEM airborne electromagnetic (EM) survey that dual-listed Orion Minerals started at the Areachap Belt, in the Northern Cape, in late November, has identified four primary and 11 secondary priority targets for exploration. The company now intends to expand its activities to... 

Electronic waste at new high, squandering gold, other metals – study

By: Reuters     14th December 2017 Electronic waste rose to a record 45-million tonnes worldwide in 2016, squandering valuable metals such as gold and copper since few trashed televisions, cellphones or other products get recycled, a UN-backed study showed on Wednesday. Rising incomes and falling prices for everything from solar... 

Chinese cobalt chemicals giant backs Nzuri’s DRC copper/cobalt mine

By: Mariaan Webb     14th December 2017 The world’s largest cobalt chemical producer, Huayou Cobalt, has made a A$10-million strategic investment in Australia-listed Nzuri Copper to advance that company's copper and cobalt projects in the Democratic Republic of Congo (DRC). China’s Huayou, which also has established operations in the... 

Finders says shareholders are rejecting Eastern Field offer

By: Mariaan Webb     14th December 2017 Takeover target Finders Resources said on Thursday that Eastern Field Developments has not yet received a single acceptance of its A$0.23-a-share offer for the company, despite the bid having been open for 22 days. “The overwhelming support from shareholders is an emphatic rejection of Eastern... 

Sheffield spin-off Carawine starts trading on ASX

By: Mariaan Webb     14th December 2017 A new exploration company with gold and base metals assets in Victoria and Western Australia started trading on the ASX on Thursday, following an oversubscribed A$7-million initial public offer (IPO) that closed in late November. Carawine was spun out of ASX-listed Sheffield Resources, which is... 

Ivanhoe concludes Kipushi PFS, embarks on DFS

By: Natasha Odendaal     13th December 2017 TSX-listed Ivanhoe Mines has outlined the “outstanding” findings of a prefeasibility study (PFS) to revive the historic Kipushi zinc-copper-silver-germanium mine, in the Democratic Republic of Congo. The PFS, undertaken to refine the findings of the 2016 preliminary economic assessment (PEA) and... 

Indian policy body stresses need to widen mineral exploration

By: Ajoy K Das     13th December 2017 The National Institute for Transformation of India (NITI Aayog), government’s policy advisory body, has called for the proposed National Mineral Policy (NMP) to stimulate more mineral exploration, noting that only 10% of the country’s obvious geological potential (OGP) has been explored. Making... 

Indonesian consortium wants Finders to clarify ‘misleading’ target statement

By: Mariaan Webb     13th December 2017 The Indonesian consortium bidding for Australian miner Finders has extended its offer period to January 19, to allow the takeover target to clarify a number of “misleading” statements in the target statement. The target statement, which Finders sent to shareholders on December 5, is used to... 

Moody’s sees stable year ahead for base metals, but also expects some risk factors

By: Megan van Wyngaardt     13th December 2017 Ratings agency Moody’s believes 2018 will be a year of relative stability for the global base metals industry after some recovery was experienced this year. In a 2018 outlook analysis, released on Wednesday, the agency noted that these improved supply/demand fundamentals would hold on the back of... 

Glencore’s Lady Loretta restart adding to regional jobs prospects

By: Mariaan Webb     13th December 2017 News that diversified miner Glencore is restarting its Lady Loretta zinc mine in north-west Queensland is adding to a regional jobs story, with 250 people to find employment as a result of the miner’s decision to resume phased production next year. “What we are seeing right across commodities is... 

Workers at Chile's Quebrada Blanca mine set to strike

By: Reuters     13th December 2017 A union at Teck Resources' Quebrada Blanca copper mine, in Chile, is set to strike on Wednesday after contract talks mediated by the Chilean government failed to reach a deal, the union told Reuters on Tuesday. Jorge Flores, the president of a 105-member union that represents around a quarter of... 

Lupaka upgrades Invicta road as a critical step towards imminent production

By: Henry Lazenby     12th December 2017 Peru-focused gold explorer and project developer Lupaka Gold has appointed a contractor to expand, enhance, and modify 27 km of road starting from the paved Huacho-Churin-Oyon highway, located at about 1 500 m above sea level, up to the Invicta project, located at about 3 500 m above sea level.... 

Africa's Sula Iron and Gold changes gear with DRC cobalt licence

By: Reuters     12th December 2017 Junior explorer Sula Iron and Gold plans to change its name to African Battery Metals, reflecting a shift in focus after it bought a controlling stake in a cobalt licence in Democratic Republic of Congo (DRC). The deal, which needs to be approved by shareholders later this month, would make Sula... 

Weatherly to acquire Zambia copper development project

By: Mia Breytenbach     12th December 2017 Aim-listed Weatherly International will acquire the Kitumba copper project in Zambia from ASX-listed Intrepid Mines for an upfront cash consideration of A$4.75-million. The company on Tuesday announced that it had entered into a binding agreement with Intrepid to buy the project, with the... 

Orion eyes early mining using existing Prieska infrastructure

By: Natasha Odendaal     12th December 2017 Dual-listed Orion Minerals has initiated investigations into the early mining of potentially significant remnant zinc/copper mineralisation within accessible areas of existing mine infrastructure of the historic Prieska mine, in the Northern Cape. Orion is evaluating potential sulphide... 

Gascoyne buys gold tenement north-west of Dalgaranga

By: Megan van Wyngaardt     12th December 2017 Gascoyne Resources has acquired a 100% interest in exploration licence E53/2053, near its Dalgaranga gold project, in the Murchison gold mining region of Western Australia. The tenement, which is considered to be highly prospective for gold and base metal mineralisation, was purchased for $100... 

Katanga completes WOL hot commissioning

By: Natasha Odendaal     12th December 2017 The hot commissioning of the core of the first train of TSX-listed Katanga Mining’s new whole ore leach (WOL) processing facility has been completed. The company in September 2015 suspended the processing of copper and cobalt at subsidiary Kamoto Copper Company’s (KCC’s) copper and cobalt mine,... 

Congo mines say revised code threatens industry's future

By: Reuters     12th December 2017 Mining companies in Democratic Republic of Congo said on Monday that proposed changes to the mining code adopted by the lower house of parliament last week would do lasting damage to investment in Africa's top copper producer. The process of revising the 2002 mining code in Congo has dragged on... 

Bitcoin contracts still pipsqueaks in world of commodity futures

By: Bloomberg     12th December 2017 The first reliable lens into tick-by-tick liquidity for bitcoin shows a financial commodity that is still a baby relative to its peers. From 6 pm Sunday to 9:30 am Monday in New York, 2 923 contracts changed hands in a total of 2 494 trades, representing an overall value of $50.2-million, data... 

Trevali discovers significant new massive sulphide zone at New Brunswick-based Caribou mine

By: Henry Lazenby     12th December 2017 Zinc producer Trevali Mining has discovered a significant new body of massive sulphide mineralisation containing significant zinc-rich polymetallic intervals at the Caribou zinc mine, in the Bathurst Mining Camp of New Brunswick. The additional mineralisation substantiates Trevali's decision to... 

Crucial for commodity countries to build economic resilience – Unctad 

By: Martin Creamer     11th December 2017 Without policy change, commodity-dependent developing countries risk falling short of achieving their sustainable development goals (SDGs) by 2030, United Nations Conference on Trade and Development (Unctad) economic affairs officer Stefan Csordas warned on Monday. Unctad and the Food and... 

India’s Mines Ministry seeks to make it easier to do business

By: Ajoy K Das     11th December 2017 India’s Mines Ministry is considering administrative changes to improve the “ease of doing business” in the resources industry. One of the changes under consideration is to put each mineral block to be auctioned under a special purpose vehicle (SPV) of the government, which will secure all... 

Weatherly’s losses more than triple on back of Tschudi operational challenges

By: Mia Breytenbach     11th December 2017 Despite a revenue increase to $75.1-million from $63.7-million for the year ended June 30, Aim-listed Weatherly International’s losses for the year ended June 30 have more than tripled to about $40.1-million from $10.6-million, the company reported on Monday. Losses a share widened to $3.64 from... 

Doray reports record production at Deflector

By: Creamer Media Reporter      11th December 2017 The Deflector underground mine, in Western Australia, has delivered record gold production last month. The Deflector mine produced 5 895 oz of gold in November, compared with the precious record of 5 050 oz in October, ASX-listed Doray Minerals reported on Monday. 

Downer, Ausenco awarded $312m Carrapateena contract

By: Mariaan Webb     11th December 2017 South Australian copper and gold miner Oz Minerals has awarded engineering groups Downer EDI and Ausenco a $312-million contract at the Carrapateena mine. The companies have been contracted for the engineering, procurement and construction of a new minerals processing plant, including non-process... 

Congolese lower house adopts new mining code that increases taxes

By: Reuters     11th December 2017 The Congolese lower house of parliament has adopted a new mining code that will increase taxes and royalties, two members of parliament and an aide to the speaker said. The code had originally been proposed in 2015, but was shelved because of fierce objections from mining companies, which... 

First mover Noront shifts RoF focus to Cu/Zn exploration

By: Henry Lazenby     8th December 2017 With the first commitments in place to build roads into Northern Ontario’s emerging Ring of Fire (RoF) mining camp, regional first mover Noront Resources is taking the opportunity to continue to build out its inventory of polymetallic resources by prioritising copper/zinc targets for exploration... 

Tanzania-Zambia railway authority resumes transportation of copper

By: Reuters     8th December 2017 The Tanzania-Zambia Railway Authority (TAZARA) said on Friday it had resumed transportation of copper which it halted on Tuesday after unionised workers went on strike. TAZARA suspended all train services, including the transportation of copper following a strike by workers in Africa's... 

Energy efficient transformers reduce financial and environmental costs

     8th December 2017 Electrical solutions supplier Legrand last month introduced its upgraded range of cast resin transformers, which offer advanced environment-friendly features that enable the products to meet the requirements of the new European standard for distribution transformers (EN50541-1) and ensure the... 

Mine improves output as copper price slated to rise

     8th December 2017 In the medium to long term, the fundamental outlook for copper is among the strongest of all metals, says diversified natural resources producer Eurasian Resources Group (ERC), which has copper assets in the Democratic Republic of Congo (DRC). “The lack of major copper plants due on stream,... 

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