Mining Weekly
Arkle director resigns
Tue, 19 Nov 2019 17:10:00 +0200
The board of Irish explorer Arkle Resources has accepted the resignation of nonexecutive director Michael McNeilly, the Aim-listed company said on Tuesday. “The board would like to thank him for his contribution in recent years and wish him well in his other ventures.”
Iron-ore futures reverse losses as steel prices extend gains
Tue, 19 Nov 2019 16:35:00 +0200
Chinese iron ore futures recouped early losses to extend their rally into a sixth straight session on Tuesday as steel prices stretched gains amid shrinking inventories and possible fresh output restrictions to curb air pollution. Dalian Commodity Exchange's most-traded iron ore contract , with January 2020 expiry, ended up 0.6% at 636.50 yuan ($90.63) a tonne. It rose to 638 yuan earlier in the session, the highest since Oct. 28 this year.
‘Exciting’ time to be introducing Taseko to new investors – McDonald
Tue, 19 Nov 2019 16:29:00 +0200
With a two-to-three year growth phase ahead of copper miner Taseko Mines, president Stuart McDonald believes it is an “exciting time” to be introducing the North America-focused company to new investors. Speaking to Mining Weekly Online ahead of the company’s listing on the LSE main market in London this week, he said that the stability of its producing Gibraltar mine in British Columbia, Canada, and the near-term, low-cost growth from its Florence project, in Arizona, US, presented an “excellent investment opportunity”.
Clariant presents study on efficiency of chemical collectors for metallurgical recovery
Tue, 19 Nov 2019 16:27:00 +0200
Africa is home to an abundance of natural resources, including platinum, copper, iron, diamonds, silver, gold and uranium; however, mining and processing these resources can be challenging for operators on the continent looking to run efficient mines. International specialty chemicals company Clariant presented a new study at industry conference Flotation 2019, in Cape Town, South Africa, earlier this month, examining the efficiency of its new range of chemical collectors for metallurgical recovery compared with that of traditional collectors in mineral flotation.
If stronger scope is not agreed at KP meeting, reform has ‘failed’, says council
Tue, 19 Nov 2019 16:12:00 +0200
World Diamond Council (WDC) president Stephane Fischler says that although the Kimberley Process (KP) requires a political process, it is in the collective interest of all participants that rough diamonds meet the expectations of the market. He opened the KP plenary meeting, in India, on Tuesday, which was expected to discuss the end of the KP’s three-year reform and review cycle and the future of the much-anticipated reform agenda.
Two new South African-developed rock drills unveiled
Tue, 19 Nov 2019 15:15:00 +0200
The Mandela Mining Precinct (MMP) on Tuesday unveiled the two new rock drill prototypes that are set to enhance drilling operations and reduce the exposure of operators to dangerous conditions. The prototypes, born under the Isidingo Drill Challenge, launched in 2018, and based on industry needs, are lighter, more energy efficient, quieter and easier to assemble and dismantle than the drills that are currently used by industry.
Oriole’s TSR secures funding to rekindle Djibouti exploration
Tue, 19 Nov 2019 14:31:00 +0200
East African explorer Thani Stratex Resources (TSR), in which Aim-quoted Oriole Resources holds 26.1%, has secured funding for an accelerated exploration programme at its Djibouti projects over the next three years. The funding was secured through a direct investment into joint venture company Thani Stratex Djibouti (TSD), which is 50:50 owned by TSR and African Minerals Exploration and Development (AMED) Fund II-controlled Nuture subsidiary Onyx.
Rio Tinto refutes claims that Oyu Tolgoi agreements are illegal
Tue, 19 Nov 2019 13:25:00 +0200
Global miner Rio Tinto on Tuesday refuted suggestions that the underground mine development and financing plan (UDP) or any other foundational agreements for the Oyu Tolgoi mine, in Mongolian, were illegal. This comes as the Administrative Court upheld claims by the Darkhan Mongol Nogoon Negdel nongovernmental organisation (NGO) that the government of Mongolia did not follow due process in finalising the UDP.
Woodside sets its sights on higher output, reserves
Tue, 19 Nov 2019 12:15:00 +0200
Oil and gas major Woodside is hoping to increase production by more than 6% between 2019 and 2028, while also working to triple its reserves. For 2019, Woodside has narrowed its production guidance to between 89-million and 91-million barrels of oil equivalent.
Qld opens applications for Mt Isa rail line incentive
Tue, 19 Nov 2019 12:09:00 +0200
Mineral freight exporters in Queensland are now able to apply for the A$80-million Mt Isa Line incentive, after the Queensland government released guidelines and application forms. Premier Annastacia Palaszczuk said that the four-year Mount Isa Line subsidy would support the growth of the mining industry in the state’s north west.
Qld govt commits A$13.8m to unlock critical minerals
Tue, 19 Nov 2019 12:01:00 +0200
The Queensland government on Tuesday announced A$13.8-million in funding for critical minerals in an effort to open up the untapped ‘new economy’ minerals bounty in North Queensland and foster new discoveries, projects and jobs. “Global demand is set to soar for cobalt and rare earth minerals needed for wind turbines, generators and batteries and copper needed for electric cars and the North is rich in these new economy mineral,” Premier Annastacia Palaszczuk said.
US, Aus formalise partnership on critical minerals
Tue, 19 Nov 2019 11:59:00 +0200
The Australian and US governments have formalised a partnership to develop critical mineral assets, with a project agreement inked by Geoscience Australia and the United States Geological Survey (USGS). The signing paved the way for both countries to work more closely on understanding each country’s geological resource potential for critical minerals, including rare earth elements, and developing a pathway to supply arrangements.
Lundin produces first dore bar
Tue, 19 Nov 2019 11:49:00 +0200
The newly inaugurated Fruta del Norte gold mine has produced its first doré bar from the gravity circuit, TSX-listed Lundin Gold reported on Monday, noting that gold concentrate production, as part of the commissioning activities, was also well advanced. The company stated that commissioning of the carbon-in-leach circuit was ongoing and nearing completion.
Great Panther reports another fatality
Tue, 19 Nov 2019 11:47:00 +0200
Dual-listed Great Panther has reported its second fatality in less than ten days, with news out on Monday that a worker had died at the Coricancha mine complex, in Peru. The employee lost his life in an accident at the processing plant during the late evening of November 17, the gold and silver mining company said in a statement.
Sasol, Enaex conclude negotiations to establish explosives JV
Tue, 19 Nov 2019 11:42:00 +0200
Integrated energy and chemicals company Sasol and Enaex, a subsidiary of the Sigdo Koppers Group, have concluded negotiations to establish a joint venture. The companies will file an application with the South African Competition Commission to seek approval for the merger.
Busa urges government to allow De Ruyter to do Eskom job ‘without interference’
Tue, 19 Nov 2019 11:35:00 +0200
Business Unity South Africa has urged government to allow Andre de Ruyter the latitude to do the job of Eskom CEO “without interference”, warning that the country “cannot afford to lose another Eskom chief executive due to interference in its operations”. Public Enterprises Minister Pravin Gordhan announced on Monday that De Ruyter had been appointed as the new CEO of Eskom at a salary below that of the current compensation package.
ERA raising faces shareholder backlash
Tue, 19 Nov 2019 10:07:00 +0200
The Australian Takeovers Panel has received an application to prevent uranium miner Energy Resources of Australia (ERA) from undertaking its proposed A$476-million renounceable entitlement offer. The miner last week announced plans for a fully underwritten 6.13-for-1 pro-rata renounceable entitlement offer, priced at 15c a share, with some 3.17-billion shares to be issued under the offer.
Save Canadian Mining wants 'tick test' reinstated
Tue, 19 Nov 2019 09:50:00 +0200
A new advocacy group focusing on the interests of the Canadian junior mining sector was launched on Monday, with its first campaign aimed at putting a stop to “thriving” predatory short-shelling practices. Chilean Metals CEO Terry Lynch, who launched Save Canadian Mining, said the group was dedicated to helping ensure Canada's capital markets remained viable for junior miners.
Mine workers demanded more protection before deadly Burkina Faso attack
Tue, 19 Nov 2019 09:40:00 +0200
Five months before an ambush killed 39 colleagues, local workers at a Canadian-owned gold mine in Burkina Faso pleaded with managers to fly them to the site rather than go by a road that was prone to attacks, two people present at the meeting said. The employees wanted the same protections as expatriate staff who had been flying to the mine in helicopters since three workers were killed in two earlier attacks in August 2018.
Trans Hex to delist from JSE on Dec 3
Tue, 19 Nov 2019 09:28:00 +0200
Diamond miner Trans Hex expects the delisting of its shares on the JSE to be concluded on December 3. It proposed the delisting in July, when it announced a share buyback programme to purchase the issued share capital of shareholders at R1 apiece.