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Mining News

Minerals Council launches coal-focused Mining for Schools module

By: Tasneem Bulbulia 30th April 2019 The Minerals Council South Africa has launched the third module of its Mining for Schools initiative – an online platform with resources for teachers and learners to reinforce, enhance and extend learning about the South African mining industry. Focusing on coal, the module sheds light on one of... →

NUM calls for reskilling of Eskom workers to equip them for clean-energy jobs

By: Terence Creamer 30th April 2019 The National Union of Mineworkers (NUM) has called for greater attention to be given to the reskilling of Eskom workers “so that they can be absorbed” into clean-energy technology work opportunities. In a statement released following a meeting of its national executive committee in Gauteng, the... →

Hochschild on track to meet full-year output, cost guidance

By: Creamer Media Reporter 30th April 2019 London-listed Hochschild achived a strong start to this year, with attributable production of 121 367 gold-equivalent ounces or 9.8-million silver-equivalent ounces for the quarter ended March 31. This was mostly as a result of "another solid quarter" from its Inmaculada mine, in Peru, and a... →

Katanga progresses major projects, lifts first-quarter copper production

By: Tasneem Bulbulia 30th April 2019 Katanga Mining increased its copper cathode production to 57 175 t in the first quarter of this year, compared with the 49 770 t produced in the fourth quarter of 2018, but output of cobalt contained in hydroxide decreased to 3 511 t, from the 4 646 t produced in the fourth quarter of 2018. The... →

Ma'aden awards Outotec consortium multimillion-euro EPC contract

By: Creamer Media Reporter 30th April 2019 Saudi Arabian mining company Ma'aden has awarded a consortium comprising Outotec and Larsen & Toubro an engineering, procurement and construction contract to build a greenfield mineral concentrator and gold processing plant in Saudi Arabia. Outotec's share of the project is valued at more than... →

Glencore lowers full-year copper output guidance

By: Tasneem Bulbulia 30th April 2019 Diversified miner Glencore has lowered its full-year production guidance for copper to 1.46-million tonnes, compared with the previously guided 1.54-million tonnes. The group, led by CEO Ivan Glasenberg, on Tuesday reported that its own sourced copper production for the first quarter of this year... →

Photo by Creamer Media
Ivan Glasenberg

Kefi chairperson Mark Wellesley-Wood passes away

By: Tasneem Bulbulia 30th April 2019 Aim-listed Kefi Minerals on Monday noted its regret at the sudden passing of its chairperson Mark Wellesley-Wood. In a statement, the board and staff acknowledged the considerable contribution made by Wellesley-Wood towards the company’s development. →

Mantashe to officially hand over 50% shareholding of Arnot mine to former Exxaro employees

By: Tasneem Bulbulia 30th April 2019 Mineral Resources Minister Gwede Mantashe will on Wednesday officially hand over a 50% shareholding held by mining company Exxaro in the Arnot coal mine, in Middleburg, Mpumalanga, to former Arnot Coal employees. In a statement on Tuesday, the Department of Mineral Resources highlighted the... →

Polymetal's Amursk POX plant certified under International Cyanide Management Code

By: Creamer Media Reporter 30th April 2019 London-listed precious metals miner Polymetal's Amursk pressure oxidation (POX) plant, has become the second gold production operation in Russia to be certified as being in full compliance with the International Cyanide Management Code (Cyanide Code) as both a gold mining company and, separately,... →

Chaarat appoints new COO

By: Creamer Media Reporter 30th April 2019 Aim-listed Chaarat Gold has appointed Darin Cooper COO, effective June 1. Cooper has more than 30 years' experience in the metals and mining industry spanning operations, projects, restructuring and culture change. →

Societe Generale resigns as London gold and silver market maker

By: Reuters 30th April 2019 The London Bullion Market Association (LBMA) said Societe Generale had resigned as a market maker for gold and silver, as France's third-largest bank pushes ahead with a downsizing of its commodities business. SocGen said this month it would cut 1 600 jobs to boost profits after poor performance... →

Doornkop mine employee killed in fall of ground

By: Creamer Media Reporter 30th April 2019 A fall-of-ground incident at Harmony Gold's Doornkop mine, near Johannesburg, has claimed the life of an employee, the gold miner said on Tuesday, An investigation into the incident was under way. →

Mining must both prepare for the 4th Industrial Revolution and also transform – Mantashe

By: Rebecca Campbell 30th April 2019 Mineral Resources Minister Gwede Mantashe has warned that the South African mining industry must carry out skills development to prepare itself and its employees for the Fourth Industrial Revolution (4IR). Automated mining activities were no longer scarce, he pointed out; the 4IR was coming. He... →

Photo by Dylan Slater/Creamer Media
Minerals Resources Minister Gwede Mantashe

Westwater remains upbeat on prospects for US uranium producers

By: Tasneem Bulbulia 30th April 2019 Energy metals exploration and development company Westwater Resources president and CEO Christopher M Jones says US uranium producers will benefit regardless of the decision taken by President Donald Trump regarding uranium imports. The US Department of Commerce in July 2018 initiated a Section... →

Roxgold reports solid first-quarter output

By: Tasneem Bulbulia 30th April 2019 Roxgold recorded a solid operating performance at its Yaramoko mine, in Burkina Faso, for the first quarter of this year, with gold production of 33 652 oz. With production at the mine weighted towards the second half of the year, the company remains on track to achieve its full-year production... →

Cameby Downs expansion plans approved

By: Esmarie Iannucci 30th April 2019 The Queensland government has approved plans by coal miner Yancoal to expand its Cameby Downs mine, increasing production and expanding the mine life. Mines Minister Dr Anthony Lynham noted that Cameby Downs has been producing thermal coal for export since mid-2010, at the current run-of-mine... →

Project pipeline should be encouraged – QRC

By: Esmarie Iannucci 30th April 2019 The Queensland Resources Council (QRC) has urged the state government to move forward the more than A$60-billion pipeline of resource projects that are currently in planning. The plea came in response to a government-funded newspaper advert spouting that since 2015, the state government has... →

Newcrest maintains outlook despite dip in production

By: Esmarie Iannucci 30th April 2019 Australian gold major Newcrest Mining has maintained its full year production guidance, despite reporting a slight drop in production for the three months to March. Newcrest on Tuesday reported that gold production for the quarter was down 5% on the December quarter, from 654 849 oz to 623 124... →

Resolute's costs fall in March quarter

By: Esmarie Iannucci 30th April 2019 Gold miner Resolute Mining has reported a near quarter drop in all-in sustaining costs for the period ending March, on the back of a record quarter at its Syama operation, in Mali. The ASX-listed miner previously reported 98 105 oz of production for the three months to March, with the Syama... →

Origin's revenue soars on higher oil price

By: Esmarie Iannucci 30th April 2019 Energy major Origin Energy has seen a 53% jump in its liquefied natural gas (LNG) revenues in the three months to March, compared with the previous corresponding period, driven by higher oil prices. Origin reported production of 63.3 PJ of LNG from its 37.5% share in the Australia Pacific LNG... →

Nova delivers record quarter for Independence

By: Esmarie Iannucci 30th April 2019 Diversified miner Independence Group has reported record production from its Nova nickel/copper operation, in Western Australia, for the three months to March. Nickel production reached 8 375 t during the quarter, compared with the 7 574 t in the previous quarter, while copper production... →

India’s Steel Ministry eyes alternate mineral auctions

By: Ajoy K Das 30th April 2019 India’s Steel Ministry is seeking to simplify and further liberate mining policy, including combining the two-stage auction of mineral blocks into a single stage bidding process. The Steel Ministry feels that single stage bidding for mineral blocks will lower the impact of skyrocketing premiums... →

Petronet applies to construct new LNG terminal

By: Ajoy K Das 30th April 2019 ndia’s Petronet LNG Limited has proposed constructing a liquefied natural gas (LNG) floating storage regasification unit (FSRU) in Andaman and Nicobar Islands. It has submitted an application to sector regulator Petroleum and Natural Gas regulatory Board (PNGRB), proposing the establishment of... →

Indian industries decry lack of foreign investment

By: Ajoy K Das 30th April 2019 India’s apex industry representative body, the Federation of Indian Chambers of Commerce and Industry (FICCI), said that the mining sector has not witnessed any big investment by global mining giants despite 100% foreign direct investments being allowed in the sector. Citing a report from the... →

Vale board confirms interim head Bartolomeo as CEO

By: Reuters 30th April 2019 Brazilian miner Vale, the biggest iron-ore producer, announced on Monday that its board has confirmed Eduardo Bartolomeo as the company's CE. Bartolomeo took over as interim head of Vale two months ago when his predecessor Fabio Schvartsman resigned after one of the company's mining dams burst in... →

Russia's Rusal first-quarter value-added product sales down 44% on US sanctions

By: Reuters 30th April 2019 Russian aluminium producer United Company Rusal has reduced its first-quarter sales of value added products (VAP) by 44% from a year ago and by 22% from the last quarter of 2018 because of sanctions by the US. Washington imposed the sanctions on Rusal, the world's largest aluminium producer... →

Epiroc shares drop as mining gear orders disappoint

By: Reuters 30th April 2019 Sweden's Epiroc said on Tuesday it expected current levels of demand to prevail in the near term after it reported lower than expected quarterly mining equipment orders, sending its shares lower. Epiroc, which competes against Sweden's Sandvik and Finland's Metso, said its order intake inched up... →

First Quantum’s newest mine in Panama contributes to March quarter output

By: Marleny Arnoldi 30th April 2019 TSX-listed base metals miner First Quantum’s Cobre Panamá copper mine, in Panama, contributed, for the first time, milled ore of 25 t to the company’s total production of 136 969 t of copper for the quarter ended March 31. The project remains on schedule to deliver between 140 000 t and 175 000... →

Hudbay, analysts warn against Waterton director nominees

By: Marleny Arnoldi 30th April 2019 TSX- and NYSE-listed Hudbay Minerals has communicated to its shareholders the positive momentum behind the company’s proxy campaign, as waged against the company by Waterton Global Resource Management. On April 17, Hudbay’s largest shareholder, with a 13.4% of shares, confirmed its intention to... →

Americas Silver’s Cosalá makes up for Galena Complex silver production shortfall

By: Marleny Arnoldi 30th April 2019 TSX- and NYSE-listed Americas Silver Corporation raised its silver output for the first quarter by 9% year-on-year to 1.8-million silver equivalent ounces, and 395 000 oz of silver, which was consistent with that produced in the first quarter of last year. The company reported that milled... →

Southern Copper says first-quarter net profit drops 17.5%

By: Reuters 29th April 2019 Southern Copper Corp's net profit fell 17.5% to $388.2-million in the first quarter from the same period a year earlier, as lower metal prices weighed on sales, the company said on Monday. The company's copper production rose 11.6% year-on-year in the Jan-March period, but net sales slipped 4.8%,... →

Eskom attributes load-shedding-free period to improved plant performance

By: Terence Creamer 29th April 2019 State-owned electricity utility Eskom reported on Monday that an improvement in plant performance had enabled it to avoid load-shedding for 36 consecutive days since the declaration of an extended period of rotational power cuts in March. However, COO Jan Oberholzer reiterated that the risk of... →

Photo by Creamer Media's Dylan Slater
Eskom COO Jan Oberholzer

North American Palladium’s second drilling programme at Sunday Lake bears fruit

By: Marleny Arnoldi 29th April 2019 TSX-listed North American Palladium (NAP) continues to expand the platinum group metals (PGM) zone at its Sunday Lake project, in the US. The project is currently the company’s most advanced regional exploration project and represents its best blue sky opportunity. →

Vast receives draft term sheet for $10m loan from Swiss bank

By: Tasneem Bulbulia 29th April 2019 Aim-listed Vast Resources has received a draft indicative term sheet containing the material indicative terms from a Swiss bank for loan financing of up to $10-million to be applied to the company’s Romanian projects, including the full repayment of the $4-million plus accrued interest in debt... →

Oracle’s Chinese partners commit to changing equity holdings in Pakistan project

By: Simone Liedtke 29th April 2019 As part of the China Belt and Road Summit, held in Beijing on April 27 and 28, Beijing Jingneng Power Company (BJPC) and PowerChina International, have ceremonially signed a memorandum of understanding that will result in a change in the equity shareholding in the Thar Block V1 lignite coal mine... →

Newmont temporarily suspends operations at Mexican mine amid blockade

By: Marleny Arnoldi 29th April 2019 NYSE- and TSX-listed Newmont Goldcorp on Monday said it would temporarily suspend operations at the Peñasquito mine, in Mexico, pending resolution of an illegal blockade by a trucking contractor and some members of the Cedros community that began on March 27. The company continued dialogue with... →

Strong Black Wattle performance boosts Bisichi’s full-year results

By: Tasneem Bulbulia 29th April 2019 London-listed Bisichi Mining achieved good results for the year ended December 31, 2018, attributable mainly to the strong performance at its Black Wattle coal mine, in South Africa, which continued to benefit from infrastructure improvements at its coal washing plant, chairperson Sir Michael... →

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