R/€ = 16.13 Change: 0.03
R/$ = 14.40 Change: 0.01
Au 1284.59 $/oz Change: 1.35
Pt 803.49 $/oz Change: -1.08


Glencore and First Cobalt team up to restart refinery

By: Esmarie Iannucci     22nd May 2019 Diversified miner Glencore has thrown its support behind the restart of dual-listed First Cobalt’s refinery in Ontario. The two companies have signed a memorandum of understanding (MoU) to supply cobalt feedstock and financing to recommission the First Cobalt refinery, with First Cobalt and... 

Best practice systems underpin company’s local manufacturing

17th May 2019 Maintaining world class operational efficiencies at its manufacturing facilities in South Africa is one of the factors that has allowed mining equipment supplier Weir Minerals Africa to expand its footprint in the region. Local manufacture, which is currently a key driver for the country,... 

Barrick excited about the DRC 

By: Martin Creamer     10th May 2019 Gold-mining company Barrick is excited about ongoing opportunities in the Democratic Republic of Congo (DRC), where it is making progress with the new mining code, Barrick president and CEO Dr Mark Bristow told Mining Weekly Online on Thursday. Bristow, whose Randgold Resources is now fully... 

Alamos reports solid start to 2019

By: Mariaan Webb     2nd May 2019 TSX- and NYSE-listed Alamos Gold has had a solid start to 2019, with strong performances at its four North America mines, including a record quarter at the Island Gold mine, in northern Ontario. The company produced 125 300 oz of gold at a cash cost of $732/oz in the three months ended March.... 

First Cobalt to delist from ASX

By: Esmarie Iannucci     2nd May 2019 Multi-listed First Cobalt has applied for removal from the official list of the Australian Bourse, with the company’s CHESS depository interests (CDI’s) likely to cease trading by June 13, with delisting expected by June 20. First Cobalt told shareholders on Thursday that the company’s average... 

Global steel production increases to 444 Mt in first quarter

By: Schalk Burger     29th April 2019 Global crude steel production for the first quarter of this year increased by 4.5% year-on-year to 444.1-million tonnes, global industry body, the World Steel Association (worldsteel), said in a statement on Monday. Asia produced 312.9-million tonnes of crude steel during the first three months... 

Two Newmont development projects nearing completion

By: Mariaan Webb     25th April 2019 The two gold development projects that US-based miner Newmont Goldcorp has earmarked up to $150-million for this year, are nearing completion and will reach commercial production before the end of 2019. The Ahafo mill expansion, in Ghana, and the Quecher Main project, in Peru, will both achieve... 

Apollo raises A$6m for exploration

By: Esmarie Iannucci     23rd April 2019 ASX-listed Apollo Consolidated is hoping to raise A$6-million through a share placement to accelerate drilling at its Lake Rebecca gold project, in Western Australia. The junior on Tuesday said that it had agreed to place 30-million new fully paid ordinary shares, at a price of 20c each, to... 

Africa’s air cargo sector needs trade and aviation liberalisation to reach full potential

By: Rebecca Campbell     19th April 2019 In early February, the International Air Transport Association (IATA) released its global air freight data for the whole of 2018. Although worldwide demand, measured in freight (metric) ton kilometres (FTKs) rose by 3.5% in comparison to 2017, it was far below 2017’s 9.7% growth. And demand... 

Gen Mining interested in Sibanye’s Marathon PGMs deposit

By: Mariaan Webb     18th April 2019 Minerals exploration company Generation Mining has struck an agreement to potentially earn up to 80% in Sibanye-Stillwater’s Marathon platinum group metals deposit in northern Ontario. Gen Mining has signed a letter of intent with Sibanye to earn an initial 51% interest in the property, which... 

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