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Mining News

OceanaGold's injunction delayed

By: Esmarie Iannucci     10th July 2019 Dual-listed gold miner OceanaGold on Wednesday told shareholders that there has been a delay in its application for an injunction against the unauthorised restraint of its Didipio operations, in the Philippines. The ASX- and TSX-listed miner last week filed for an injunction against the local... 

Indian State-run companies drop investment plans in Adani’s LNG terminal project

By: Ajoy K Das     9th July 2019 Indian State-run oil refiner-marketer Indian Oil Corporation (IOC) and gas infrastructure and logistics major GAIL India have passed up the option to pick up a 50% stake in a liquefied natural gas (LNG) terminal project proposed by the Adani Group in the eastern coastal state of Odisha. Indian... 

‘Weak’ carbon tax to be significantly strengthened from 2023 – Treasury official 

By: Terence Creamer     9th July 2019 A leading National Treasury official has warned industry to prepare for a significant strengthening of South Africa’s carbon tax during the second phase of implementation, which will begin in January 2023, describing the first phase, which came into force on June 1, as “weak”. South Africa’s... 

‘Weak’ carbon tax to be significantly strengthened from 2023 – Treasury official
Photo by Creamer Media
National Treasury deputy director-general Ismail Momoniat

Kibo changes MCPP mining licence application approach

By: Creamer Media Reporter      9th July 2019 Aim- and JSE-listed Kibo Energy has decided to convert its application for a special mining licence (SML) for the Mbeya coal-to-power project (MCPP), in Tanzania, to seven mining licences. It said on Tuesday that the decision had been taken in the interest of a "better economic outcome for all... 

Katoro to assess Haneti's lithium potential

By: Creamer Media Reporter      9th July 2019 Aim-listed Katoro Gold will investigate the potential of lithium and rare earth element mineralisation that has been identified at its 75%-owned Haneti nickel project, in Tanzania. The company, which has focused on the exploration of nickel sulphides at the project, on Tuesday reported that its... 

Wyoming honours reclamation efforts at Arch Coal’s Black Thunder

By: Creamer Media Reporter      9th July 2019 US coal miner Arch Coal’s Black Thunder mine has been awarded the Wyoming Department of Environmental Quality (DEQ) reclamation award, an accolade that president and COO Paul Lang said on Tuesday was a “great honour for the men and women at the mine”. "We applaud the exceptional efforts of the... 

Congo's Jan to May copper output slides 16%, cobalt down 21%

By: Reuters     9th July 2019 Copper production in Democratic Republic of Congo, Africa's top producer, fell by 16.2% year-on-year in the January to May period, while cobalt output slid 21.5%, the central bank said on Tuesday. Copper output for the first five months of 2019 stood at 416 067 t compared with 496 468 t in the... 

Medallion considering US, Canada for rare-earth plant

By: Mariaan Webb     9th July 2019 TSX-V-listed junior Medallion Resources, which is pursuing production of magnet metals, believes the time is right to start selecting potential sites for a rare earth plant as part of a strategy of rebuilding a North American rare earth value chain. The company is seeking third-party proposals... 

Medallion considering US, Canada for rare-earth plant

Base Resources’ Kenya mine resumes full production

By: Marleny Arnoldi     9th July 2019 ASX- and Aim-listed Base Resources has returned its mining rates to nameplate capacity, after having transitioned activity at its Kwale mineral sands operation, in Kenya, to the South Dune orebody. The company on Tuesday said that while the transition of mining operations had been under way,... 

Exciting new stimulus for hydrogen power, fuel cells, platinum economy 

By: Martin Creamer     9th July 2019 The emerging world of hydrogen power, fuel cells, platinum and climate change mitigation received another stimulus on Tuesday with the announcement of new high-level investment backing for a fund that promotes technologies dependent on the high-performance characteristics of platinum group metals... 

Exciting new stimulus for hydrogen power, fuel cells, platinum economy
Photo by Creamer Media
AP Ventures managing partner Andrew Hinkly

Phoenix lines up lead adviser for Empire feasibility and construction funding

By: Creamer Media Reporter      9th July 2019 North America-focused base and precious metals exploration and development company Phoenix Copper has appointed mining finance advisory firm Medea Natural Resources as lead financial adviser to arrange up to $70-million for the construction of the Empire Mine openpit project, in Idaho, US. The... 

Nyrstar extends stoppage at Port Pirie smelter until late July

By: Reuters     9th July 2019 Metals and mining company Nyrstar said on Tuesday that it was extending force majeure at its Port Pirie lead and zinc smelter in Australia until the last week of July. The Belgium-based company now expects both the TSL and the blast furnace to restart by the end of July. 

Century has record quarter as production ramps up

By: Esmarie Iannucci     9th July 2019 Base metals miner New Century Resources has reported record quarterly zinc production in the three months to June, as production at its namesake project in Queensland, continued to ramp-up. Overall zinc metal output during the three months to June increased by 12%, to 20 450 t of zinc metal... 

Pilbara pushes production back up

By: Esmarie Iannucci     9th July 2019 ASX-listed lithium miner Pilbara Minerals on Tuesday said that production and sales are expected to return to full capacity during the December quarter, based on the latest discussions with its customers. Pilbara last month told shareholders that production from the Pilgangoora project, in... 

Pilbara pushes production back up

Brazil to auction mining rights for about 1 000 areas this year – regulator

By: Reuters     9th July 2019 Brazil plans to put about 1 000 mining areas up for auction this year including areas containing gold, copper and iron-ore, a director of the country's National Mining Agency (ANM) told Reuters on Monday. ANM had initially planned to start auctioning off the areas in the first half of 2019, but... 

Atico buys Toachi to create new Latin American copper/gold miner

By: Creamer Media Reporter      9th July 2019 TSX-V-listed mining juniors Atico Mining and Toachi Mining on Monday announced a transaction to create a new Latin America-focused copper/gold company, anchored by the producing El Robe mine in Colombia and the high-grade La Plata project, in Ecuador. In terms of the transaction, Atico will... 

Atico buys Toachi to create new Latin American copper/gold miner
Core from the La Plata project, in Ecuador.

Tharisa mine set for strong finish to 2019 financial year 

By: Marleny Arnoldi     9th July 2019 Platinum group metals and chrome miner Tharisa says an improvement in key production metrics has set its Tharisa mine up for a strong finish to the 2019 financial year. For the third quarter ended June 30, Tharisa achieved a 2% quarter-on-quarter improvement in reef tonnes mined and a 5.4%... 

Tharisa mine set for strong finish to 2019 financial year
Tharisa CEO Phoevos Pouroulis

Kvanefjeld costs nearly halved

By: Esmarie Iannucci     9th July 2019 The projected capital cost for the Kvanefjeld rare earths project, in Greenland, has been reduced by some 40%, from $832-million to $505-million, ASX-listed Greenland Minerals reported on Tuesday. The reduction in the capital costs estimates resulted from optimisation studies covering all... 

Bass finds buyers in India

By: Esmarie Iannucci     9th July 2019 Graphite miner Bass Metals has signed an agency agreement to supply graphite concentrates from its Graphmada project, in Madagascar, into the Indian market. The exclusive agency agreement with industrial minerals group Polo Queen Minchems provides the Indian company with an exclusive in-country... 

Strandline adds to Tajiri resource

By: Esmarie Iannucci     9th July 2019 Mineral sands developer Strandline Resources has reported an 80% increase in the resource estimate of the Tajiri project, in Tanzania, which is now estimated to host some 268-million tonnes grading 3.3% total heavy minerals. The new resource estimate has increased the contained heavy mineral... 

Kathleen Valley resource jumps by 353%

By: Esmarie Iannucci     9th July 2019 The mineral resource estimate for the Kathleen Valley lithium/tantalum project, in Western Australia, has increased by 353%, on the back of new drilling results. ASX-listed Liontown Resources told shareholders on Tuesday that the Kathleen Valley measured, indicated and inferred resource was now... 

Intermin sells Menzies and Goongarrie

By: Esmarie Iannucci     9th July 2019 ASX-listed Intermin Resources has struck an A$8-million deal with fellow-listed Kingwest Resources to divest of its Menzies and Goongarrie gold projects, in Western Australia. Under the terms of the agreement, Kingwest would pay A$3.375-million in cash and A$4.625-million in shares, resulting in... 

Congolese army fires in the air during protest near Glencore plant 

By: Reuters     8th July 2019 Congolese soldiers fired in the air on Monday as illegal miners protested outside a metallurgical plant on a copper and cobalt concession run by Glencore, a witness said. The protest near the Luilu plant follows the eviction last week of thousands of illegal miners from Glencore's Kamoto Copper... 

Endeavour grows Ity deposit’s resources to 500 000 oz

By: Tasneem Bulbulia     8th July 2019 Gold miner Endeavour Mining has recorded a significant addition in high-grade resources at the Le Plaque discovery at its flagship Ity mine, in Côte d’Ivoire. The definition of seven new targets is also expected to boost confidence in delineating further resources. 

Premier to loan owners of a Namibian manganese project $1.35m

By: Tasneem Bulbulia     8th July 2019 Aim-listed Premier African Minerals on Monday announced a strategic loan to MN Holdings (MNH), the owner and operator of the Otjozondu manganese mining project in Namibia, and the appointment of two key mining executives as consultants to Premier. Premier and Cambrian have jointly agreed to loan... 

Coricancha gets Great Panther production nod

By: Mariaan Webb     8th July 2019 Vancouver-based Great Panther Mining on Monday announced a positive production decision for its Coricancha gold/silver/lead/zinc/copper mine, in Peru, but said that an actual restart date would only be determined next year. The positive production decision followed the final results of the trial... 

Coricancha gets Great Panther production nod

Horizonte’s Araguaia project guaranteed access to national grid

By: Creamer Media Reporter      8th July 2019 The Brazilian Mines and Energy Ministry has awarded dual-listed Horizonte an energy decree, which guarantees the company access to the national grid for the commercial operation of its Araguaia ferronickel project. The receipt of the energy decree follows a number of key permitting milestones... 

BlueRock Diamonds’ new management delivers record quarterly performance

By: Tasneem Bulbulia     8th July 2019 Aim-listed BlueRock Diamonds, which owns and operates the Kareevlei diamond mine in the Kimberley region of South Africa, achieved record production of 3 516 ct in the second quarter, four times the 875 ct produced in the second quarter of last year. “I am very pleased with the impact that our... 

Beowulf CEO outlines three-step plan for Kallak

By: Mariaan Webb     8th July 2019 Nordic-focused explorer and developer Beowulf Mining CEO Kurt Budge has used the Almedalen political week in Visby, Sweden, to outline a three-step plan for advancing the Kallak project, should the company be granted a concession. Whereas previous presentations at Sweden’s yearly political... 

Beowulf CEO outlines three-step plan for Kallak
A file photo of a drill rig operating at Kallak, in Sweden.

Acacia’s production rebounds sharply in second quarter

By: Tasneem Bulbulia     8th July 2019 Tanzanian gold producer Acacia Mining achieved a 51% quarter-on-quarter increase in production in the second quarter. This follows the successful implementation of a revised mining plan at the North Mara underground and openpit operations, which resulted in an 80% quarter-on-quarter increase in... 

De Beers launches 3-year $315 000 partnership to develop women engineers

By: Nadine James     8th July 2019 De Beers Group on Monday announced the launch of a three-year $315 000 partnership with WomEng to develop the next generation of highly skilled women engineers. De Beers will invest the the funds in programmes that aim to encourage young women to study science, technology, engineering and... 

Implats to swing to full-year earnings

By: Simone Liedtke     8th July 2019 An improved rand platinum-group metals (PGMs) basket price and improved operational performances during the financial year ended June 30 are expected to result in platinum miner Impala Platinum (Implats) reporting basic and headline earnings a share for the period. This compared with the basic... 

Central bank gold purchases up 73% so far this year, says WGC

By: Nadine James     8th July 2019 Net gold purchases by central banks totalled 35.8 t in May, 27% lower month-on-month, but net purchases in the year to date, at 247.3 t, are 73% higher year-on-year, the World Gold Council (WGC) reports. WGC market intelligence director Alistair Hewitt on Monday pointed out that central banks in... 

Firestone recovers 54 ct yellow diamond at Liqhobong

By: Simone Liedtke     8th July 2019 Firestone Diamonds has recovered a 54 ct intense fancy yellow, sawable diamond from its Liqhobong mine, in Lesotho. The diamond will go on sale at the next tender, which is scheduled to take place during September. 

Firestone recovers 54 ct yellow diamond at Liqhobong

Silver Lakes takes stake in Encounter

By: Esmarie Iannucci     8th July 2019 Gold miner Silver Lake Resources has taken a 5.3% stake in fellow-listed Encounter Resources, as part of Encounter’s share placement to raise A$1.4-million. Silver Lake has subscribed for 6.7-million shares in Encounter, at a price of 7.5c each. 

NTM raises cash for exploration

By: Esmarie Iannucci     8th July 2019 ASX-listed junior NTM Gold will raise A$3.86-million to accelerate the exploration on its Redcliffe gold project, in Western Australia. The company on Monday announced that it would issue some 100-million shares, at a price of 3.25c each, to institutional and sophisticated investors. The share... 

Construction starts on Project Atlas pipeline

By: Esmarie Iannucci     8th July 2019 Construction has started on the Project Atlas pipeline, in Queensland, energy infrastructure developer Jemena has announced. Project Atlas is the first acreage in Australia designated solely to supply gas to the domestic market, and includes a 40 TJ/d natural gas processing facility and a 60-km... 

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