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China Moly to increase stake in Congo's Tenke copper mine to 80%

By: Reuters     Updated 3 hours ago China Molybdenum Co said on Friday it had agreed to buy a holding company for $1.14-billion in order to increase its control in Democratic Republic of Congo's massive Tenke copper mine. China Moly, already the majority owner of Tenke, will have an 80% stake in the mine after the acquisition of... 

Katanga appoints new CEO, CFO after signing management services agreement with Glencore International 

By: Tasneem Bulbulia     Updated 7 hours ago Katanga Mining has entered into a management services agreement with Glencore International, to better reflect the integrated nature of Katanga’s and Glencore International’s businesses and enhance existing controls. Glencore International is a subsidiary of Glencore. 

Rio Tinto’s copper output, iron-ore shipments rise

By: Esmarie Iannucci     18th January 2019 Diversified major Rio Tinto has reported higher iron-ore and copper production for the quarter ended December, with other commodities remaining stable. “We delivered a solid operational performance in the final quarter of 2018, in particular across our copper assets,” said Rio CEO Jean-Sebastian... 

South African company building new smelter in Zimbabwe

By: Creamer Media Reporter      17th January 2019 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... 

Platinum price fall worsening plight of job-intensive mines 

By: Martin Creamer     16th January 2019 The latest fall of the platinum price is threatening to become the last straw that broke the camel’s back for some deep labour-intensive platinum group metals (PGMs) mines on particularly the western limb of the Bushveld Complex, Mining Weekly Online can today report. Well ahead of the latest... 

KGHM expects 2019 average copper price at $6 100/t to $6 300/t

By: Reuters     16th January 2019 Poland's copper producer KGHM expects an average copper price this year at $6 100/t to $6 300/t, the company's CEO, Marcin Chludzinski, said on Wednesday. "We refer to lower end of copper price range forecast by analysts and we assume an average copper price at $6,100-$6,300 per tonne. I think... 

First Quantum achieves record copper sales, production in 2018

By: Nadine James     16th January 2019 TSX-listed copper miner First Quantum has announced record production and sales for 2018, with copper output rising by 6% and sales by 3%. Total copper production amounted to 605 853 t, compared with 573 963 t in 2017. The company sold 596 513 t in 2018, compared with 580 130 t the year prior.   

Orion drilling confirms another zinc/copper VMS body near Prieska, Annex

By: Marleny Arnoldi     16th January 2019 ASX- and JSE-listed Orion Minerals’ analytical results for the Ayoba prospect, which is 5.3 km from its flagship Prieska project, have confirmed the discovery of a new volcanogenic massive sulphide (VMS) zinc/copper-bearing body. The new mineralisation find validated Orion’s expectation that... 

Lundin’s strong Q4 boosts full-year production results

By: Nadine James     16th January 2019 TSX-listed Lundin Mining has achieved, or exceeded, its yearly guidance at all of its operations, the diversified miner announced on Tuesday, releasing production results for the three and twelve months ended December 31, 2018. The company produced 48 206 t of copper in the fourth quarter, taking... 

Centerra reports production results, sets guidance for 2019

By: Mariaan Webb     16th January 2019 Midtier miner Centerra Gold produced 729 556 oz of gold in 2018, a 7% decrease from that of 2017, but above the company’s guidance of 665 000 oz to 705 000 oz for the year. Centerra, which operates the water-constrained Mt Milligan mine, in British Columbia, and the Kumtor mine, in Kyrgyzstan,... 

Vedanta tells top English court pollution case should be heard in Zambia

By: Reuters     16th January 2019 Lawyers for Vedanta Resources told England's Supreme Court on Tuesday that a case raised against the mining company by nearly 2 000 Zambian villagers should be heard in Zambia not London. India-listed Vedanta, which delisted from London last year but maintains a legal base in Britain, is... 

Commodity-Wide Success For Kwatani Screens

15th January 2019 The recent orders won by vibrating screen and feeder specialist Kwatani have cemented its reputation as the leading South African original equipment supplier (OEM) with a truly cross-commodity footprint. Kwatani’s custom engineered products are now in some of the world’s largest mines, and many... 

Multotec Brings Value Of Spirals To More Minerals

15th January 2019 Experience in the field and in its test laboratory has allowed Multotec Process Equipment to prove the economic impact of applying spiral concentration technology to high value minerals used in cellular phones and electric cars. “A number of customers mining minerals such as copper, lithium, tin... 

Atalaya beats FY guidance, sees 2019 as ‘transitional’ year

By: Mariaan Webb     15th January 2019 European copper miner Atalaya Mining has set a production guidance range of 45 000 t to 46 500 t for 2019, which is seen as a transitional year, given the commissioning of the plant expansion in mid-2019, which will increase production in 2020. The miner, which is implementing a... 

Yamana Gold production hits 1Moz

By: Mariaan Webb     15th January 2019 Canadian miner Yamana Gold’s production has hit one-million ounces on a gold-equivalent (GE) basis, the company, which operates six mines, announced on Monday. In its preliminary fourth-quarter and 2018 operational results announcement, Yamana reported GE production 1.04-million ounces for the... 

Voip King Of The Cost Savers

15th January 2019 For small and medium-sized enterprises (SMEs) wanting to keep overheads in check during another challenging fiscal year for SA, VoIP is king of the cost savers. VoIP, or Voice over Internet Protocol, is unique amongst cost-cutting measures in that it delivers business efficiencies on top of... 

Recommissioned Savannah to ship first concentrates early next month

By: Esmarie Iannucci     15th January 2019 The first concentrate shipment from the recommissioned Savannah nickel/copper/cobalt project, in Western Australia, is expected in early February, ASX-listed Panoramic Resources said on Tuesday. The company told shareholders that mining ramp-up to full production was continuing, with the... 

Fischer steps down as GoldQuest CEO

By: Creamer Media Reporter      15th January 2019 Exploration junior GoldQuest has appointed VP for corporate development, Dave Massola, as its CEO, succeeding Bill Fischer, who is continuing as nonexecutive chairperson of the board. The purpose of the management change, the TSX-V-listed junior explains, is to conserve capital, while licencing... 

Metals X ups the output at Nifty and Renison

By: Esmarie Iannucci     15th January 2019 Base metals producer Metals X has reported increased production from both its Nifty copper and Renison tin projects, in Western Australia and Tasmania, respectively. The ASX-listed company on Tuesday reported that copper production from Nifty increased by 11% during the quarter ended December,... 

Prieska resource standing at 30Mt - Orion

By: Esmarie Iannucci     15th January 2019 The mineral resource at the Prieska zinc/copper project, in South Africa, has been estimated at more than 30-million tonnes, grading 3.7% zinc and 1.2% copper, base metals developer Orion Minerals has reported. The dual-listed company noted that the new resource estimate included an updated... 

Argentina set to join global mining transparency initiative

By: Reuters     15th January 2019 Resource-rich Argentina is expected to join the international transparency standard for managing oil, gas and mineral resources, the Extractive Industries Transparency Initiative (EITI) said on Monday, which could make it more attractive for investors. The global initiative, launched by... 

Filo del Sol PFS confirms significant project potential

By: Marleny Arnoldi     14th January 2019 TSX-V- and Nasdaq-listed Filo Mining’s prefeasibility study (PFS) of its Filo del Sol project, on the border of Chile and Argentina, has confirmed the “incredible” copper, gold and silver potential of the project. CEO Adam Lundin said on Monday that the PFS had positive findings, including a... 

Congo poll leaves uncertainty for miners at heart of EV revolution

By: Reuters     14th January 2019 The surprise outcome of Congo's election - a vote meant to bring closure to years of turmoil under President Joseph Kabila – has done little to ease uncertainty for miners and investors in a country crucial to the electric vehicle revolution. Democratic Republic of Congo is the world's leading... 

Surge to create copper/gold spin-off company

By: Marleny Arnoldi     11th January 2019 TSX-V-listed Surge Exploration has approved, in principle, a strategic reorganisation of the company’s assets, in which the company would spin off its interests in the copper/gold Hedge Hog and Mineral Mountain exploration projects in British Columbia, into a newly incorporated subsidiary called... 

Georgian Mining a step closer to exploration permit approval

By: Marleny Arnoldi     11th January 2019 Aim-listed Georgian Mining Corporation CEO Mike Struthers on Friday announced that the Georgian government had held a Cabinet meeting late in December to discuss the pending exploration permit for the company’s 50%-owned Bolnisi copper/gold project. The company had been expecting a resolution... 

Capstone delivers on FY18 copper output guidance

By: Simone Liedtke     11th January 2019 TSX-listed Capstone Mining produced 155.2-million pounds of copper in 2018, in line with expectations, and has set its 2019 output guidance at between 145-million and 160-million pounds of copper at a C1 cash cost of between $1.80/lb and $2/lb. During this year, the Canadian base metals miner... 

Barrick Gold's new CEO dismisses Canada HQ debate as 'hysteria'

By: Bloomberg     11th January 2019 Barrick Gold’s new CE is surprised by the “hysteria” over whether the world’s largest gold miner will remain a Canadian company. Barely a week after his Channel Islands-based Randgold Resources merged with Barrick, Mark Bristow says he’s determined to keep the global miner headquartered in... 

Barrick CEO to forge ahead in Latin America despite past strains

By: Bloomberg     11th January 2019 Barrick Gold Corp’s new boss intends to push ahead with plans to increase investment in the mineral-rich – but environmentally tricky – deposits straddling the Chile-Argentina border. “If you want to find elephants, go to elephant country,” CEO Mark Bristow, a South African geologist and big-game... 

Too early to bet on mining policy change: Congo vote reaction

By: Bloomberg     10th January 2019 In a surprise twist, Democratic Republic of Congo opposition leader Felix Tshisekedi was declared the winner of last month’s Presidential election, although his victory is being marred by claims by a rival that the poll was rigged. The African country is the world’s main supplier of battery... 

Dundee’s Chelopech mine exceeds 2018 production guidance

By: Tasneem Bulbulia     10th January 2019 Dundee Precious Metals’ Chelopech mine and smelter, in Bulgaria, achieved another record year of gold production, at 201 100 oz, in 2018, exceeding the company’s guidance of 190 000 oz to 200 000 oz. Moreover, copper production of 36.7-million pounds was in line with guidance of 35-million to... 

Anglo American betting on South America to grow base metal assets

By: Reuters     10th January 2019 Miner Anglo American is betting on South America as its main growth area for base metals in the coming years, a top executive told Reuters. Ruben Fernandes, who heads Anglo's operations in Brazil and is slated to become its global head of base metals next March, said he wants to prepare the... 

Value-chain relationship rebuild essential for platinum group metals’ survival – Ritchken 

By: Martin Creamer     10th January 2019 The rebuilding of key strategic relationships across the value chain of the platinum group metals (PGMs) sector is essential for the survival of the industry, Mining Phakisa coordinator Edwin Ritchken states in the book The Future of Mining in South Africa: Sunset or Sunrise, published by the... 

Sierra Metals completes expansions at Bolivar mine

By: Tasneem Bulbulia     10th January 2019 Sierra Metals’ expansion plans at the Bolivar mine, in Mexico, are on track, the company reported in a statement on Wednesday. The company last year announced plans to achieve a sustainable and staged increase in mine production and mill throughput from 3 000 t/d to 3 600 t/d by the first quarter... 

Rail Enforcement Unit a success story, says Cape Town mayor

By: African News Agency      10th January 2019 Cape Town Mayor, Dan Plato on Wednesday said the Rail Enforcement Unit (REU) -- which provides an additional 100 law enforcement officers to the existing security personnel in meeting Metrorail’s security challenges -- has been a success story and will assist in stabilising the urban rail service... 

Chile's copper mines post mixed results through Nov 2018 – Cochilco

By: Reuters     10th January 2019 Chile's largest copper mines posted mixed results through November of 2018, with a slight drop in output at state miner Codelco offset by a surge in production from BHP's Escondida, the world's largest copper mine. In all, copper production in the world's top producer of the red metal reached... 

Metalicity MD steps aside

By: Esmarie Iannucci     10th January 2019 Matt Gauci will step down as the MD of ASX-listed Metalicity, effective January 10. Nonexecutive director Mathew Longworth will assume the role of CEO, and the Metalicity board is currently in discussions with suitable executives to work alongside him as part of a transition to grow the company... 

Chile's Collahuasi plans resource sharing with Canada's Teck Resources

By: Reuters     10th January 2019 Chile's Collahuasi copper mine is talking to Canada's Teck Resources Ltd about resource-sharing as the two companies embark on ambitious expansion projects, its Chief Executive Jorge Gomez said on Wednesday. Collahuasi - owned by Glencore and Anglo American - is seeking "synergies" with companies... 

Central Asia Metals meets production guidance for 2018

By: Tasneem Bulbulia     9th January 2019 Aim-listed Central Asia Metals (CAM) met its 2018 production guidance for copper, zinc and lead at the Kounrad dump leach, solvent extraction and electrowinning copper recovery plant, in Kazakhstan, as well as at the Sasa zinc/lead mine, in Macedonia. Kounrad produced 14 049 t of copper in 2018,... 

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