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Mining News

Nickel Mines finds funding, amends Ranger deal

By: Esmarie Iannucci 21st May 2019 ASX-listed Nickel Mines has secured an $80-million funding package from Decent Investment International Private, an associate of the company’s operating partner Shanghai Decent Investment, to fund its increased stake in the Ranger nickel project, in Indonesia. Nickel Mines in April this year... →

Lynas to set up plant in WA as it abandons plans for Malaysia facility

By: Esmarie Iannucci 21st May 2019 Rare earths miner Lynas on Tuesday told shareholders that it would relocate a planned processing facility from its Kuantan operations in Malaysia, to its operations in Western Australia. Speaking at an investor conference, CEO and MD Amanda Lacaze noted that the cracking and leaching facility... →

Canadian miner Pure Gold starts trading on LSE

By: Mariaan Webb 21st May 2019 Canadian gold development company Pure Gold Mining on Tuesday made its debut on the LSE main market, in the UK, trading at 32.50p a share. The listing, which is alongside the company’s existing Toronto listing, will introduce Pure Gold to European and UK investors as it approaches the... →

The Madsen mine, in Canada's Ontario.

Adani commits to invest Abbot Point water monitoring equipment

By: Esmarie Iannucci 21st May 2019 The Queensland government has ceased court proceedings against Indian major Adani relating to stormwater release during Cyclone Debbie in 2017, with Adani agreeing to invest in water monitoring equipment at the Abbot Point Operations. The Department of Environment previously claimed at the Abbot... →

Amani takes an option on DRC project

By: Esmarie Iannucci 21st May 2019 ASX-listed Amani Gold has signed a memorandum of understanding (MoU) over a package of ten gold tenements in the Democratic Republic of Congo (DRC), known as the Gada gold project. The Gada project is located some 80 km from Amani’s own Giro project, with the company telling shareholders on... →

FYI nearing completion of pilot plant

By: Esmarie Iannucci 21st May 2019 The share price of junior FYI Resources was bumped by more than 5% on Tuesday on news that the company high purity alumina (HPA) plant, in Western Australia, was nearing first production. “The pilot plant is another key element for our disciplined HPA strategy that will ensure the Cadoux kaolin... →

WPG administrators weigh more offers

By: Esmarie Iannucci 21st May 2019 The administrators of embattled WPG Resources have adjourned a second meeting of the company’s creditors to consider two additional takeover offers. WPG went into administration in 2018 following a default on a A$20-million debt facility. →

Fresnillo warns of 'more challenging' 2019

By: Reuters 21st May 2019 Fresnillo said on Tuesday the current year would be more challenging than 2018 as a number of industry variables were "working against" the precious metals miner. The company, which posted a 15% drop in first-quarter silver production last month, said it was "disappointed" not to meet its... →

De Beers records lower sales amid macroeconomic uncertainty

By: Creamer Media Reporter 21st May 2019 The value of De Beers’ rough diamond sales for the fourth cycle of this year fell year-on-year “against a backdrop of macroeconomic uncertainty”, CEO Bruce Cleaver said on Tuesday. Sales decreased to $415-million, compared with $554-million in the fourth sales cycle of 2018. →

Brazil iron-ore exports in rise in first half of May amid higher prices

By: Reuters 21st May 2019 Brazil's iron-ore exports rose sharply in the first half of May, data showed on Monday, recovering from a more than seven-year low in April, as higher prices encouraged sellers to close more deals internationally. Until May 17, Brazil exported 16.2-million tonnes, according to data from the... →

Vale's Gongo Soco mine dam has up to 15% chance of bursting -Brazil official

By: Reuters 21st May 2019 Brazilian miner Vale's tailings dam in the town of Barao de Cocais in Minas Gerais has up to a 15% chance of breaking, the state's environment secretary said on Monday. The dam at Vale's Gongo Soco mine is about 64 km from Brumadinho, where a tailings dam collapse unleashed a torrent of toxic... →

Katoro identifies additional target at Haneti

By: Simone Liedtke 20th May 2019 Results from a soil sampling programme at Katoro Gold’s Haneti nickel project, in Tanzania, have reconfirmed and extended the strike length of the previously identified high-priority ultramafic exploration targets, as well as identified an additional ultramafic target, which was previously... →

ABM starts exploration at Cameroon cobalt/nickel project

By: Simone Liedtke 20th May 2019 Aim-listed African Battery Metals has started exploration activities at its cobalt/nickel project in Cameroon and will initially be targeting cobalt and nickel mineralisation at prioritised targets within the company’s licence areas. The work programme will start immediately, with a view to... →

Buoyed by mining recovery, Barloworld looks to Mongolia for growth

By: Irma Venter 20th May 2019 Barloworld’s results on Monday reflected some of the biggest trends in the South African economy, with the company reporting a sharp drop in equipment sales to the troubled construction industry, as well as a decline in new-vehicle sales and car rental days, but with the mining industry seemingly... →

AfriTin completes drilling on first 20 holes at Uis mine

By: Simone Liedtke 20th May 2019 Aim-listed AfriTin Mining on Monday announced that it had completed the first 20 diamond drill holes, which were recommended for the validation of the historical data by CSA Global, at its flagship Uis tin mine, in Namibia. The drill holes form part of the drilling programme designed to support... →

Ariana’s Kiziltepe reports solid start to 2019

By: Simone Liedtke 20th May 2019 Turkey-focused explorer and developer Ariana Resources on Monday reported that its Kiziltepe project produced 7 296 oz of gold during the quarter ended March 31, 2019, reflecting a solid start to 2019. Kiziltepe is part of the Red Rabbit joint venture with Proccea Construction and is 50%-owned by... →

Indian electricity regulator revives compensatory facility for coal-importing power companies

By: Ajoy K Das 20th May 2019 The Indian electricity regulator has amended rules to revive an erstwhile window through which domestic thermal power generation companies were able to claim compensation for the additional costs of importing coal in the case that State-miner Coal India Limited’s (CIL’s) failed to meet supply... →

SolGold announces PEA results for Alpala

By: Mariaan Webb 20th May 2019 LSE- and TSX-listed SolGold on Monday published the results of a preliminary economic assessment (PEA) for the Alpala copper/gold/silver deposit at the Cascabel project, in northern Ecuador. The study estimated a “low” start-up capital expenditure of $2.4-billion to $2.8-billion and a “high” net... →

Bacanora to bring in China’s Ganfeng as partner in Mexico lithium project

By: Simone Liedtke 20th May 2019 Aim-listed Bacanora Lithium has signed a non-binding heads of terms with China lithium producer Ganfeng for a strategic investment in both the company and its flagship Sonora lithium project, in Mexico. Completion of the strategic investment would form a major part of Bacanora’s finance package... →

Researchers see manganese helping fuel cells down cost curve

By: Martin Creamer 20th May 2019 A new manganese-containing material may contribute to platinum-using hydrogen fuel cells being driven down the cost curve. The new material, made from manganese hydride, is being earmarked for use in molecular sieves that work with the fuel cells in hydrogen fuelled systems that generate... →

Hydrogen fuel cell cars use hydrogen and oxygen to generate electricity with the help of platinum.

Gemfields reports signs of recovery in emerald sector

By: Tasneem Bulbulia 20th May 2019 JSE-listed Gemfields continues to see “encouraging” signs of a recovery in the emerald sector, product and sales MD Adrian Banks said in a statement on Monday. This follows Gemfields’ latest auction of higher-quality rough emeralds, in Singapore, which generated revenue of $22.4-million and... →

Tanzania fines Acacia Mining $2.4m over alleged pollution

By: Reuters 20th May 2019 Tanzania's mining minister said on Monday Acacia Mining had been fined 5.6-billion Tanzanian shillings ($2.4-million) for alleged pollution at its North Mara mine. Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania. →

Amplats dismisses half of Mototolo’s underground employees amid unprotected strike

By: Simone Liedtke 20th May 2019 Platinum miner Anglo American Platinum, headed by Chris Griffith, has dismissed half of the Mototolo mine’s underground employees amid an unprotected strike, but has given the dismissed employees until May 21 to appeal the decision. Employees at the mine affiliated with the General Industrial... →

Photo by Creamer Media
Amplats CE Chris Griffith

Syndicated pulls the trigger at Newfield

By: Esmarie Iannucci 20th May 2019 Junior Syndicated Metals has exercised its options for a farm-in agreement with fellow-listed Newfield Resources over the Newfield gold project, in Western Australia. Syndicated has paid Newfield A$25 000 in cash and has issued the company with 30-million shares, and ten-million options in... →

King of the Hills resource grows beyond 3Moz

By: Esmarie Iannucci 20th May 2019 The King of the Hills gold project, in Western Australia, is now estimated to host some 3.1-million ounces of contained gold, ASX-listed Red 5 told shareholders. The company on Monday reported a bulk mining mineral resource estimate of 66-million tonnes, grading 1.5 g/t gold for King of the... →

Matsa signs ore deal with AngloGold Ashanti

By: Esmarie Iannucci 20th May 2019 ASX-listed Matsa Resources has inked an ore purchase agreement with gold miner AngloGold Ashanti for the ore produced from the Red October gold mine, in Western Australia. Ore from the Red October mine will be proceed at AngloGold Ashanti’s 3.8-million tonne a year mill at the Sunrise Dam... →

Cobalt 27 completes Highlands Pacific acquisition

By: Creamer Media Reporter 20th May 2019 TSX-V-listed Cobalt 27 has completed the acquisition of Highlands Pacific, bolstering the company's prospects a growing diversified battery metals streaming and royalty company. As a result of the acquisition, Cobalt 27 now holds an 8.56% joint venture interest in the producing Ramu mine, a... →

Lynas plans rare earth plant in Texas

By: Esmarie Iannucci 20th May 2019 Rare earths miner Lynas has signed a memorandum of understanding (MoU) with US-based Blue Line to develop rare earth separation capacity in the US. Under an MoU, the two companies would exclusively work together on the proposed development of a rare earth separation facility at the Blue Line site... →

Canada vows 'full steam ahead' on ratifying trade pact after US lifts metals tariffs

By: Reuters 20th May 2019 Canada will move quickly to ratify the new North American trade pact, Foreign Minister Chrystia Freeland said on Saturday, a day after the United States agreed to lift tariffs on Canadian steel and aluminum. US President Donald Trump had imposed the global "Section 232" tariffs of 25% on steel... →

Miners welcome Australia election results as Morrison takes victory

By: Esmarie Iannucci 20th May 2019 The Australian resources sector has welcomed the results from the May 18 federal election, which was won by a Liberal-led Coalition with Scott Morrison at the helm. “The Coalition government’s strategic economic reform agenda to keep taxes low, in conjunction with responsible 2019/20 Budget... →

Photo by Bloomberg
Australian PM Scott Morrison

Canada funds mining climate change adaptation project

By: Creamer Media Reporter 20th May 2019 The Canadian government has announced a C$325 000 investment in the Mining Association of Canada’s climate change adaptation project, which seeks to make mining operations resilient to a changing climate and extreme weather events. The project – Climate Change Risk and Adaptation Best Practices... →

Palladium boom gives South African miners only temporary reprieve

By: Reuters 17th May 2019 A surge in palladium prices has thrown struggling South African mining companies a lifeline. But it may not be enough. Besides patchy power supplies and high labour costs, South African miners are saddled with ore that typically produces twice as much platinum as palladium - just at a time a... →

Amplats considers sale of Twickenham and Bokoni mines – CEO

By: Reuters 17th May 2019 Anglo American Platinum (Amplats) is contemplating the sale of its Bokoni and Twickenham mines in South Africa, a move which would mostly complete the group's divestment strategy, its chief executive told Reuters. The precious metals producer has sold many of its mines as it pivots from the... →

Afarak attributes €7.5m first-quarter loss to low prices, sales volumes

By: Nadine James 17th May 2019 A higher chrome benchmark price and increased sales volumes are expected to result in an improvement in London-listed Afarak Group’s financial performance for the second quarter, after the company posted a €7.5-million loss for the first quarter. The company attributed the first-quarter loss to... →

Sibanye, Lonmin merger enters final stretch as AMCU appeal is dismissed

By: Marleny Arnoldi 17th May 2019 The Competition Appeal Court of South Africa (CACSA) on Friday gave the green light for JSE- and NYSE-listed Sibanye-Stillwater’s proposed takeover of LSE- and JSE-listed Lonmin, dismissing an appeal filed by the Association of Mineworkers and Construction Union. CACSA upheld the Competition... →

Photo by Creamer Media
Sibanye CEO Neal Froneman and Lonmin CEO Ben Magara

Vale warns Brazil prosecutors another dam at risk of collapse

By: Reuters 17th May 2019 Brazilian iron ore miner Vale SA told prosecutors in the state of Minas Gerais that a dam is at risk of rupturing at its Gongo Soco mine, about 40 miles from where its Brumadinho dam collapsed, killing more than 230 people. According to a document published on Thursday, prosecutors said Vale is... →

Acacia says North Mara to be issued environmental protection order

By: Reuters 17th May 2019 Acacia Mining said on Friday its North Mara gold mine would be issued an environmental protection order (EPO) relating to alleged historical breaches of environmental regulations in Tanzania. Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania and had... →

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