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Mining News

Echo raises A$15m for Yandal expansion

By: Esmarie Iannucci     6th May 2019 Gold hopeful Echo Resources will raise A$15-million through a share placement to fund its exploration growth strategy at its Yandal project, in Western Australia. The ASX-listed junior will raise an initial A$11.3-million through a first tranche placement of 87-million shares, at a price of 13c... 

Arctic nations to meet amid tensions over environment, resources

By: Reuters     6th May 2019 Top diplomats from the US, Russia and other nations which border the Arctic meet in Finland on Monday to discuss policies governing the polar region, as tensions grow over how to deal with global warming and access to mineral wealth. Countries have been scrambling to claim territory or, like... 

Arctic nations to meet amid tensions over environment, resources

WA leads the charge in Australia mining jobs growth

By: Esmarie Iannucci     6th May 2019 Demand for resource staff continues to grow across Australia, with new research by technology firm CoverCard finding that Western Australia has been leading the charge over the last three years. In research conducted on behalf of the Minerals Council of Australia (MCA), CoverCard found that... 

Myanmar Metals outlines plan for Bawdwin starter pit

By: Esmarie Iannucci     6th May 2019 A prefeasibility study (PFS) into a Phase 1 starter pit at the Bawdwin polymetallic mine, in Myanmar, has revealed that it will be the world’s third-largest producing lead mine and the tenth largest silver mine, as well as being a significant zinc producer. ASX-listed Myanmar Metals on Monday... 

WA miners contributed A$58bn to economy

By: Esmarie Iannucci     6th May 2019 New data from the Chamber of Minerals and Energy of Western Australia (CME) has found that the state’s resources sector had contributed more than A$57.7-billion to the Australian economy in 2017/18. In a survey of 41 Western Australian mining, oil and gas, energy and contractor companies, the... 

Perseus board approves $265m Côte d’Ivoire gold mine

By: Esmarie Iannucci     6th May 2019 Dual-listed gold miner Perseus Mining has started the development of its Yaouré gold mine, in Côte d’Ivoire, after the board approved the $265-million development. Yaouré is expected to become a large-scale, low-cost gold mining operation producing an average of 215 000 oz/y over the first five... 

Perseus board approves $265m Côte d’Ivoire gold mine

Leagold pencils in starting dates for growth projects

By: Mariaan Webb     6th May 2019 Vancouver-headquartered Leagold has announced the proposed scheduling for the expansion of its Los Filos mine and for the construction of the Santa Luz project, as it arranged $400-million in financing. Leagold’s development plan for the fully-funded Los Filos expansion, in Brazil, has been... 

Leagold pencils in starting dates for growth projects
Los Filos in Mexico

Hudbay and Waterton settle board differences

By: Marleny Arnoldi     3rd May 2019 TSX-listed Hudbay Minerals announced on Friday that it had reached an agreement with shareholder Waterton Global Resource Management and that the two parties would put forward a slate of 11 board members for election at the upcoming shareholders meeting. The slate includes chairperson Alan Hibben... 

Hudbay and Waterton settle board differences
Alan Hibben

Wesfarmers' soft bid for Kidman spotlights lithium's financing issues

By: Reuters     3rd May 2019 Wesfarmers's bid for Australia's Kidman Resources undervalues the lithium miner, analysts said on Friday, reflecting the financing difficulties the sector faces even as electric car makers warn of raw material shortages. Wesfarmers offered a 47% premium for Kidman, which is developing the Mount... 

Orefinders acquires 31% of Mistango River Resources

By: Marleny Arnoldi     3rd May 2019 TSX-V-listed Orefinders Resources has acquired 11.8-milllion shares, or 31%, of Mistango River Resources from Osisko Gold Royalties. In exchange, Orefinders issued five-million of its shares to Osisko.  

Drilling extends strike length at Kamoa North, says Ivanhoe

By: Tasneem Bulbulia     3rd May 2019 Ivanhoe Mines this week announced that the strike length of the shallow, thick, massive copper sulphide mineralisation at Kamoa North that was discovered earlier this year in drill hole DD1450 on the Kamoa-Kakula mining licence, in the Democratic Republic of Congo, has been significantly extended... 

Rambler shares rise on strong mine performance

By: Simone Liedtke     3rd May 2019 Aim-listed Rambler Metals and Mining achieved record throughput for 2018, by processing 364 176 t of ore from the Ming mine, in Canada, through the Nugget Pong copper and gold milling facility. This is the second consecutive year that the company has set a throughput record. 

Operations resume at Sibanye’s Thembelani shaft 

By: Marleny Arnoldi     3rd May 2019 JSE- and NYSE-listed Sibanye-Stillwater has resumed underground operations at its Thembelani shaft, in Rustenburg, following an incident that resulted in 1 800 workers being held underground on Tuesday. The shaft has now been certified safe for normal hoisting operations.  

Operations resume at Sibanye’s Thembelani shaft
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Detour reports ‘best-ever first quarter’ – COO Frazier

By: Mariaan Webb     3rd May 2019 Canadian miner Detour Gold is tracking well to achieve its guidance for 2019, following what COO Frazer Bourchier says has been “by far the best performing first quarter” since the start of operations six years ago. The Detour Lake mine, in Ontario, delivered a mill throughput of 5.2-million... 

Amplats appoints PwC as external auditor from 2020

By: Simone Liedtke     3rd May 2019 Diversified miner Anglo American Platinum has appointed Pricewaterhouse Coopers as its external auditor from 2020. The decision follows after the miner announced in its 2018 Integrated Report that Deloitte & Touche’s services as the external auditors of Amplats would terminate by rotation in 2020. 

Indiana granted due diligence deadline extension on Mali projects

By: Marleny Arnoldi     3rd May 2019 Aim- and TSX-V-listed Altus Strategies has granted ASX-listed Indiana Resources an extension to the exclusivity period for completing due diligence on the Lakanfla and Tabakorole gold projects, in Mali, to June 14. Indiana requested the extension owing to the time required to process... 

NAP hits quarterly revenue record

By: Mariaan Webb     3rd May 2019 The world’s only pure play palladium producer, North American Palladium (NAP), has reported its highest-ever quarterly revenue of C$128.3-million, thanks to a strong palladium price. Revenue jumped nearly 50% in the first quarter of 2019, when compared with the C$86.6-million revenue in the first... 

Pretium pays down debt on strong first-quarter, chair to retire by year-end

By: Mariaan Webb     3rd May 2019 TSX- and NYSE-listed Pretium Resources has initiated a search for a new director to replace executive chairperson and founding shareholder Robert Quartermain, who will be retiring on December 31. The company, which owns the Brucejack mine, in British Columbia, would elect a new chairperson prior... 

Australian battery materials plant eyes financing deal by end-June

By: Reuters     3rd May 2019 Nickel miner Australian Mines hopes to lock in funds for a planned A$1.3-billion ($935 million) battery materials plant by end-June, its chief executive said, despite volatile prices that have crimped lending to the new energy sector. The company is talking with South Korean battery maker SK... 

AuStar weighing buy of neighbour Centennial

By: Esmarie Iannucci     3rd May 2019 ASX-listed junior AuStar Gold on Friday revealed intentions to make a takeover offer for embattled Centennial Mining. Centennial Mining went into voluntary administration in March this year, after failing to complete an audit and recapitalization plan. 

Renascor considers larger development at Siviour

By: Esmarie Iannucci     3rd May 2019 Graphite developer Renascor Resources saw its share price surge on Friday after announcing an optimised development plan for Stage 1 of its Siviour graphite project, in South Australia. The optimised development plan looked at increasing the 22 800 t/y Stage 1 production by nearly four fold to... 

Kingston raises funds for Misima exploration

By: Esmarie Iannucci     3rd May 2019 ASX-listed Kingston Resources would raise more than A$8-million through a share placement and entitlement offer to advance exploration at its Misima gold project, in Western Australia. The company on Friday announced that it had received biding commitments to raise an initial A$4.3-million... 

Victoria raises the bar on mining integrity track record

By: Esmarie Iannucci     3rd May 2019 The Victorian government has introduced new assessment guidelines to the resources sector to provide assurance of a company’s track record, and the records of its directors and executives. Resources Minister Jaclyn Symes said this week that a focus would be placed on minerals explorers and miners... 

Tando's SPD proves viable

By: Esmarie Iannucci     3rd May 2019 A scoping study into ASX-listed Tando Resources’ Phase 1 SPD vanadium project, in South Africa, has demonstrated that the project is technically and financially viable. The Phase 1 project is based on a 2.2-million tonne a year stand-alone operation, which is expected to produce an average of... 

Small endangered bird delays Adani’s big Queensland coal mine

By: Esmarie Iannucci     3rd May 2019 Indian major Adani is facing yet another hurdle in the development of its $16.5-billion Carmichael coal project, in Queensland, after the state government rejected a management plan for the endangered black-throated finch. Adani Mining CEO Lucas Dow on Friday said that the company had received... 

Small endangered bird delays Adani’s big Queensland coal mine

Tesla manager sees risk of battery-minerals shortage in future

By: Reuters     3rd May 2019 Booming demand for electric vehicles and insufficient investment in mines could result in a global shortage of minerals needed to manufacture rechargeable batteries in a few years’ time, a Tesla representative told US officials and mining executives in a meeting in Washington. Prices for some of... 

Kyrgyzstan bans uranium mining after protests

By: Reuters     3rd May 2019 Kyrgyzstan's Parliament voted on Thursday to ban uranium exploration and mining in the Central Asian nation despite previously issuing licenses to foreign companies such as Canada's Azarga Uranium. The move, which may expose the Bishkek government to compensation claims from foreign investors,... 

Kyrgyzstan bans uranium mining after protests

Struggling junior miners woo investors to fund exploration projects

By: Reuters     3rd May 2019 Junior miners, struggling to fund exploration as institutions seek lower risk and better returns from larger rivals and newer industries, sought to sell potential investors on projects on Thursday, with mixed success. The proliferation of index funds, sluggish gold price growth and a shift into... 

Mining body releases autonomous systems guideline

By: Nadine James     3rd May 2019 The Global Mining Guidelines Group (GMG) published the Guideline for the Implementation of Autonomous Systems in Mining last month, in an effort to assist in the implementation of these systems, which are being used more and more frequently owing to their potential for making the mining industry... 

Mining body releases autonomous systems guideline
LEADING THE WAY Rio Tinto, one of the pioneers in implementing autonomous mining systems, including autonomous trucks, assisted in the guideline's publication

Platinum seen contributing as much to South Africa's economy as gold did in the 20th century 

By: Natasha Odendaal     3rd May 2019 With the too-high economic cost of a lost opportunity looming, immediate measures are required to assist the platinum group metals mining sector to improve its viability and preserve employment. This is the intent behind the industry’s new South African National Platinum Strategy, with its most... 

Platinum seen contributing as much to South Africa's economy as gold did in the 20th century

Anglo American a founding sponsor of the World Bank’s Climate Smart Mining fund

By: Tasneem Bulbulia     2nd May 2019 Diversified miner Anglo American has stepped up as a founding donor to the World Bank’s Climate Smart Mining Facility. In a statement, the company indicated that this was the first-ever fund dedicated to making mining for metals and minerals a more sustainable practice that complements the energy... 

Kangra Coal symbolically hands over community, employee shares

By: Nadine James     2nd May 2019 Menar CEO Vuslat Bayoglu on Thursday symbolically handed over 5% free carried shares to host communities and employees of Kangra Coal, at a ceremony which included the unveiling of the coal company's new logo and the handing over of a memorandum from the National Union of Mineworkers. The event... 

Kangra Coal symbolically hands over community, employee shares

Hummingbird, Liberia govt sign MDA for Dugbe project

By: Creamer Media Reporter      2nd May 2019 Aim-listed Hummingbird Resources and the Liberian government have signed a 25-year mineral development agreement (MDA) that paves the way for the development of Hummingbird's 4.2-million-ounce Dugbe gold project. The MDA has also been ratified by the Liberian Legislature, approved into law by the... 

Alphamin's Bisie nears final commissioning

By: Creamer Media Reporter      2nd May 2019 Hot commissioning has started at TSX-V-listed Alphamin Resources' Bisie tin project, in the Democratic Republic of the Congo.   Construction of the mine was completed in the first quarter of this year and wet commissioning was completed in the week of April 22. Hot commissioning involves feeding... 

Harmony expects full-year AISC to rise as Eskom tariffs increase

By: Tasneem Bulbulia     2nd May 2019 Aim-listed Harmony Gold is on track to deliver on its full-year production guidance, the company said in an operational update for the nine months ended March 31 published on Thursday. During the nine-month period, gold production increased by 29% year-on-year to 1.08-million ounces, with... 

Bushveld grows its vanadium business

By: Tasneem Bulbulia     2nd May 2019 Aim-listed Bushveld Minerals has entered into a business and share purchase agreement with Vanchem Vanadium Products (VVP) and South African Japan Vanadium (SAJV) to conditionally acquire VVP’s vanadium production business and SAJV’s ferrovanadium production business in South Africa. The company... 

First-quarter gold demand lifted by central banks, ETFs 

By: Simone Liedtke     2nd May 2019 Continued growth in central bank buying and growth in gold-backed exchange-traded funds contributed to a 7% year-on-year increase in global gold demand to 1 053.3 t for the first quarter of this year, the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ (GDT) report shows. Gold demand... 

First-quarter gold demand lifted by central banks, ETFs

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