R/€ = 15.73 Change: 0.00
R/$ = 14.01 Change: 0.00
Au 1424.96 $/oz Change: 21.10
Pt 845.67 $/oz Change: 7.27

Mining News

Condor expands exploration concession in Nicaragua

By: Marleny Arnoldi     1st July 2019 The Nicaragua Ministry of Energy and Mines has granted Aim- and TSX-listed Condor Gold a 25-year exploration and mining concession over a 132 km2 area to the northwest of Condor’s La India project. The Cerro Los Cerritos concession expands the La India project concession package by 29% to 587.7... 

Bacanora, Ganfeng to collaborate on Sonora lithium project

By: Marleny Arnoldi     1st July 2019 Aim-listed Bacanora Lithium has signed an investment and offtake agreement with Chinese producer Ganfeng Lithium. Ganfeng will invest £14.4-million in Bacanora for a 29.9% stake.  

Yanfolila’s second ball mill completed ahead of schedule

By: Nadine James     1st July 2019 The construction of the second ball mill at Hummingbird Resources’ Yanfolila gold mine, in Mali, has been completed ahead of time and within budget. Commissioning is set to begin “imminently” and it is expected that ore will be introduced to the mill this month – a month earlier than previously... 

GFG Alliance targets more modest $700m Australia IPO for steel unit – sources

By: Reuters     1st July 2019 London-based conglomerate GFG Alliance is targeting to list parts of its Australian Liberty Steel business in a deal that could fetch about A$1-billion ($701-million), banking and industry sources close to the company told Reuters. That is a more modest target than indicated when executive... 

Perseus secures $150m for Yaouré's development

By: Esmarie Iannucci     1st July 2019 Gold miner Perseus Mining has secured a $150-million revolving cash advance facility which will be used to refinance its existing $31.5-million existing loan facilities, and the development of the Yaouré gold mine, in Cote d’Ivoire. A consortium of three international banks, Macquarie Bank,... 

Sheffield finds primary ilmenite offtaker

By: Esmarie Iannucci     1st July 2019 Mineral sands miner Sheffield Resources has signed a seven-year offtake agreement for 650 000 t/y of primary ilmenite from its Thunderbird mineral sands project, in Western Australia. The ASX-listed company on Monday said the agreement with China’s Bengbu Zhongheng New Materials encompassed all... 

Sayona appoints new CEO

By: Esmarie Iannucci     1st July 2019 Lithium developer Sayona Mining has appointed Brett Lynch as MD and CEO to drive the company’s strategic lithium portfolio in Canada and Western Australia. Lynch has more than 30 years' experience in the industry, and has held a number of leading positions in resource companies, including MIM... 

Stanmore completes debt refinancing

By: Esmarie Iannucci     1st July 2019 Coal miner Stanmore Coal has completed its debt refinancing, aimed at reducing the overall cost of financing. The ASX-listed company on Monday said that it had extended the term of an existing facility with financier Taurus from November 15 this year until the end of June 2022, and has increased... 

Avenira finds debt solutions

By: Esmarie Iannucci     1st July 2019 ASX-listed Avenira plans to sell its interest in the Baobab phosphate project, in Senegal, and its 7% interest in phosphate technology company Novaphos to a consortium of its three largest shareholders. Under the terms of binding agreements reached with Agrifos Partners, Tablo Corporation and... 

Iron-ore drives Australian resource export earnings to a record A$275bn

By: Esmarie Iannucci     1st July 2019 Higher iron-ore prices have helped to drive Australia’s resource export earnings to a record A$275-billion in the 2018/19 financial year, with export earnings expected to hit A$285-billion in 2019/20, data from the latest Resources and Energy Quarterly shows. Chief economist Mark Cully on Monday... 

Iron-ore drives Australian resource export earnings to a record A$275bn

Rio appoints new legal council

By: Esmarie Iannucci     1st July 2019 Diversified major Rio Tinto has appointed Barbara Levi to succeed Philip Richards as group executive, group general counsel from January 1, 2020. Richards will retire from Rio on December 31. 

Gruyere produces first gold

By: Esmarie Iannucci     1st July 2019 The Gruyere gold project, in Western Australia, has produced its first gold bars, with three dore gold bars totaling an estimated 1 139 oz produced from the carbon-in-leach and elution circuits. Project partners Gold Fields and Gold Road Resources on Monday said that, with the delivery of the... 

Mkango terminates earn-in deal, extends Thambani exploration

By: Nadine James     1st July 2019 Aim- and TSX-V-listed Mkango Resources and metals investor Metal NRG have agreed to terminate their heads of terms agreement regarding an earn-in over Mkango’s Thambani licence, in Malawi. Thambani is one of Mkango’s three exclusive prospecting licences in Malawi and features multiple zones of... 

Kusasalethu employees dies in shaft-related incident

By: Creamer Media Reporter      1st July 2019 An employee was killed in a shaft-related incident at Harmony Gold's Kusasalethu mine, near Carletonville, on Friday. An investigation into the incident is under way, the gold miner reported on Monday. 

Eco Oro pulls out of Colombia gold concession amid legal battle – letter

By: Reuters     28th June 2019 Eco Oro Minerals Corp has pulled out of its Angostura gold concession in Colombia amid a legal battle with the Andean country over environmental restrictions the Canadian miner said made the project impossible, according to a company letter. The March 29 letter to the mining minister was... 

Codelco's Chuquicamata fully operational following strike

By: Reuters     28th June 2019 Chile's Codelco, the world's top copper miner, told Reuters on Friday that its Chuquicamata copper mine was once again fully operational following a two-week long strike that had docked output from the sprawling deposit. The three largest labor unions at the mine voted last night to accept the... 

Zambian court withdraws order blocking disposal of Vedanta unit assets 

By: Reuters     28th June 2019 A Zambian court on Friday withdrew an earlier order blocking a provisional liquidator at Vedanta's Konkola Copper Mines (KCM) business from disposing of KCM's assets or making arrangements with its creditors. The about-turn from the Zambian High Court is the latest twist in a dispute between... 

Chinese-US rare earth war could prompt India to overturn beach sand ban

By: Ajoy K Das     28th June 2019 Rising trade tensions between the US and China and the latter's threatening to leverage rare earth supplies in the trade war are likely to prompt the Indian government to reverse the ban on private beach sand mining imposed earlier this year. With China expected to tighten global supplies of rare... 

BlueRock expects further improvement in operating times

By: Simone Liedtke     28th June 2019 Aim-listed BlueRock Diamonds expects the operating time at its Kareevlei diamond mine, in Kimberley, South Africa, to increase by more than 30% after it shifted to a 365-day-a-year operation in March. This improvement will add to those improvements already achieved during the company’s 2018... 

India halts Iranian crude oil imports amid US assurances on supplies

By: Ajoy K Das     28th June 2019 India has ended crude oil imports from Iran, following the US administration’s assurance of adequate supplies to meet the country’s import-dependent energy needs. While there has not been any official confirmation that crude oil imports from Iran have ceased, sources said that government-owned... 

Indian iron-ore market dichotomy of rising imports, rising domestic production

By: Ajoy K Das     28th June 2019 A dichotomy in Indian iron-ore production/supply dynamics has emerged with the government claiming no shortage of the steelmaking raw material, while imports surge at the same time. In a statement before Parliament, Mines Minister Pralhad Joshi said: “There is no shortage of iron-ore in the... 

Orvana branching out to Argentina

By: Mariaan Webb     28th June 2019 Gold/copper/silver miner Orvana, which operates mines in northern Spain and Bolivia, has received a positive preliminary economic assessment (PEA) report for what could be its third operation – Taguas, in Argentina. The TSX-listed miner in May bought the property, about 25 km north of Barrick... 

Galantas elects new chair, board member

By: Creamer Media Reporter      28th June 2019 Northern Ireland-focused gold mine developer Galantas Gold has appointed Róisín Magee its nonexecutive board member, following the recent passing of Jack Gunter. Gunter passed away earlier this month. 

Pallinghurst-backed Nouveau Monde to build value-added product plant in Quebec

By: Mariaan Webb     28th June 2019 Graphite developer Nouveau Monde on Friday announced that it would proceed with the construction of a demonstration plant for value-added products at its Matawinie project, in Quebec, to tap into the growing lithium-ion battery and expandable graphite markets. This follows a successful capital... 

Pallinghurst-backed Nouveau Monde to build value-added product plant in Quebec

La Parrilla concentrator construction nearing completion

By: Creamer Media Reporter      28th June 2019 Aim-listed W Resources would start commissioning its larger-scale La Parrilla concentrator next month, it said on Friday, reporting that construction completion was imminent. The primary construction of the concentrator spiral and shaking table buildings were complete and the smaller flotation... 

South Africa's entire coal line to be shut for maintenance – Transnet

By: Reuters     28th June 2019 South Africa will shut down its entire rail network transporting coal from pits to customers for almost two weeks to undertake scheduled repairs, State-owned freight rail logistics firm Transnet said on Friday. Transnet Freight Rail said the shutdown, from July 2 to 11, would cover the entire... 

Jacobina ‘on the cusp of becoming a major mine’ – Yamana CEO

By: Mariaan Webb     28th June 2019 The Jacobina mine has significantly improved in the last several years and is now considered to be one of Canadian gold miner Yamana Gold’s higher quality, high-value operations. The mine, located in Bahia state, Brazil, produced 144 695 oz of gold last year and one year ahead of schedule in its... 

Jacobina ‘on the cusp of becoming a major mine’ – Yamana CEO

Nyrstar extends production stoppage at Port Pirie smelter

By: Reuters     28th June 2019 Metals and mining company Nyrstar extended a production stoppage at its Port Pirie lead and zinc smelter in Australia, it said on Friday. The force majeure will continue into July 2019, the Belgium-based company said in a statement, adding that it expects now both TSL and Blast furnaces to... 

Kingsrose warns of output delays

By: Esmarie Iannucci     28th June 2019 Gold miner Kingsrose Mining has warned of an interruption to production at its Way Linggo mine, in Indonesia, after remediation works were unable to rectify the cause of a wall slippage last week. The miner on Friday said that a fault that had recently been identified in the north-east pit wall... 

Bass issues convertible notes

By: Esmarie Iannucci     28th June 2019 ASX-listed Bass Metals will raise up to A$4-million through a tranched issue of convertible notes, allowing Bass to continue exploration to underpin its planned large-scale graphite mining and processing operations. An initial tranche of A$1.41-million of convertible notes has already been... 

Triton welcomes new cornerstone investor

By: Esmarie Iannucci     28th June 2019 China’s Jinan Hi-Tech is set to invest A$19.5-million into ASX-listed Triton Minerals through a share placement and the acquisition of shareholder Shandong Tianye Mining’s 19.3% stake in the company. Subject to shareholder approval, Jinan would subscribe for A$8.5-million shares in Triton, taking... 

Concerted effort needed to arrest decline in South Africa’s gold, platinum output – Dixon  

By: Nadine James     28th June 2019 Gold and platinum mines in South Africa exemplify the Albert Einstein quote on insanity, consulting engineer and industry expert Roger Dixon noted at an African Mining Network event on Thursday evening. He explained that the typical South African mine had to contend with increasing depths,... 

Concerted effort needed to arrest decline in South Africa’s gold, platinum output – Dixon
Roger Dixon

Didipio still going – OceanaGold

By: Esmarie Iannucci     28th June 2019 Gold miner OceanaGold has rubbished reports that production at the Didipio mine, in the Philippines, has been halted. The denial followed reports from an environmental organisation that claimed the provincial government of Nueva Vizcaya had ordered a stop to operations, in the wake of its... 

Jervois raises A$16.5m

By: Esmarie Iannucci     28th June 2019 ASX-listed Jervois Mining has raised A$16.5-million through an over-subscribed share placement. The company earlier this week launched the equity raise targeting proceeds of A$15-million, offering shares at an 8% premium to the underlying market price of the company’s shares. 

Middle Island sweetens offer for Alto

By: Esmarie Iannucci     28th June 2019 Takeover target Alto Metals has advised shareholders not to take any action after suitor Middle Island increased its takeover offering overnight. Middle Island has increased its scrip offer for Alto from five Middle Island shares held for every one Alto share, to six Middle Island shares for... 

Australia’s Oil Search ups stake in Alaska field

By: Esmarie Iannucci     28th June 2019 ASX-listed Oil Search will spend $450-million to double its interest in the Pikka Unit Nanushuk oil field, in Alaska. Oil Search in February last year completed a $400-million acquisition of a 25.5% interest in the Pika Unit and adjacent exploration acreage and a 37.5% interest in the Horseshoe... 

BHP ends WA royalty dispute in A$250m settlement

By: Esmarie Iannucci     28th June 2019 Mining major BHP has reached a A$250-million settlement with the Western Australian government in a royalty dispute. The state government earlier this year said that it would seek royalty payments of up to A$300-million from BHP, which the state believed was underpaid over a 12-year period. 

BHP ends WA royalty dispute in A$250m settlement

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