Stellar Diamonds, a London-listed small-cap, is seeking funding for a $45-million diamond project in Sierra Leone it says will be the first major mining project since the Ebola crisis rocked the country’s economy. Diamonds and other forms of mining are central to an economy hard hit by the 2015 Ebola epidemic.
Tanzania’s President on Friday ordered the military to build walls around its tanzanite mines and directed the central bank to buy the precious stone to boost reserves – the latest twist in a spat with mining firms over alleged tax evasion. “All tanzanite gemstones will be controlled and will pass through one gate and he (President John Magufuli) ordered the (central) Bank of Tanzania to take part in the tanzanite buying trade,” a statement from the presidency said.
Public Enterprises Minister Lynne Brown has received answers from Eskom to outstanding questions about its relationship with Trillian, a Gupta-linked company, her office said on Wednesday. “Minister Brown last night received Eskom’s responses to her queries. She noted progress and Eskom will soon announce more details,” her office said.
More than a third of the yearly gold production of Pan African Resources is destined to arise from low-cost, low-risk tailings businesses, which have long lives ahead of them. Pan African CEO Cobus Loots told investors, analysts and journalists at the company’s presentation of financial results on Wednesday that the London- and Johannesburg-listed mid-tier mining company expects to produce 190 000 oz-plus of gold in its 2018 financial year. (Also watch attached Creamer Media video).
Trading house Glencore is to buy liquefied natural gas (LNG) supplies from Angola LNG over a multi-year period, adding to similar recent deals between the producer and traders including Vitol. Angola LNG on Wednesday said the deal was another step toward building its sales book with the most important players in the LNG market.
RADNOR, Pa.–(BUSINESS WIRE)–Preferred Proppants, LLC (“Preferred Sands” or “Preferred” or the “Company”) today announced that it has appointed David S. King to its Board of Directors. Mr. King, who currently serves as a member of the Investment Committee for Sheridan Production Company, LLC, which oversees investment decisions and strategic planning, previously served as a Director and Chairman of the Compensation and Governance Committee for Seventy Seven Energy, Inc. Prior to retiring in Ap
Poland is currently not planning to introduce changes in sectoral taxes on banks and the mining sector as well as in the value added tax (VAT), Deputy Prime Minister Mateusz Morawiecki said on Wednesday.
“For now, we are not planning changes in sectoral taxes. We are also not planning changes in VAT,” Morawiecki, who is also economy minister, told a news conference.
Explorer Connemara Mining will initiate further drilling at its Inishowen project as part of its gold exploration programme in Donegal, Ireland.
The diamond drilling, which will start on September 25, is aimed at establishing if the gold-bearing veins discovered last year extend across the licence.
JSE-listed Sasol on Wednesday announced a proposed new R21-billion broad-based black economic empowerment (BBBEE) ownership transaction, Sasol Khanyisa, which will replace Sasol’s debt-ridden Sasol Inzalo fund, which expires in June 2018. When Sasol Inzalo lapses, it will not be able to distribute shares to participants, given the closing Sasol ordinary share price of R389 on September 4.
ASX-listed Sandfire Resources has overcome another development hurdle at its Black Butte project, in Montana, after it was issued a draft operating permit for the copper project.
The Montana Department of Environmental Quality now considers the project to be “complete and compliant” in accordance with all state rules and regulations, and it is in the process of finalising the selection of an independent third-party contractor to prepare an environmental-impact statement (EIS).
ST. PAUL, Minn.–(BUSINESS WIRE)–Nalco Champion, an Ecolab company (ECL), today announced a price increase for customers in all its segments. Pricing for most Nalco Champion products and programs will increase globally between 6 and 9 percent, varying by country and product. This price increase will be effective Oct. 1, 2017. This price adjustment is driven by notable increases in key raw material costs, combined with global inflationary factors in labor and freight. Nalco Champion sales perso
DUBLIN–(BUSINESS WIRE)–The “Bronze Market by Type (Aluminum, Phosphor, Silicon, Leaded Tin), End User (Industrial, Marine, Infrastructure & Construction, Automotive, Electrical & Electronics, Aerospace & Defense), and Region – Global Forecast to 2022” report has been added to Research and Markets’ offering. Bronze market is projected to reach USD 10.08 billion by 2022 Factors such as high corrosion resistance properties and growing demand from marine and automotive industries are
Aim-listed W Resources has been granted a two-year licence extension for exploration at Tarouca, near its Régua project, in Portugal, paving the way for a new drilling campaign.
Tarouca is about 20 km from Régua and has the potential to enhance and expand the Régua development, W Resources chairperson Michael Masterman said on Wednesday.
Ekapa Minerals has abandoned part of its interdict against “Zama Zama” miners, calling into question the validity of the entire interdict. GroundUp reports that on September 14, Ekapa Minerals filed a notice which abandoned parts of its interdict against Zama Zama miners in Kimberley.
DUBLIN–(BUSINESS WIRE)–The “Global Personal Protective Equipment Market for Mining Industry 2017-2021” report has been added to Research and Markets’ offering. The global personal protective equipment market for mining industry is forecast to grow at a CAGR of 4.14% during the period 2017-2021. The report, Global Personal Protective Equipment Market for Mining Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the ma
Precious metals mining company Pan African, which on Wednesday proposed a R185-million final dividend, reports that it is poised for growth as remedial action regarding its operational challenges in the 12 months to June 30 delivers expected results. The London- and Johannesburg-listed company, which reported a production decrease of 15.4% to 173 285 oz in its 2017 financial year, is looking forward to a much-improved performance from its Evander Mines in the 2018 financial year, when a substantial increase in gold production is expected.
Mining major BHP paid some $4.7-billion in global taxes and royalties in the 2017 financial year, with a further $1.2-billion payable to the Australian government in corporate tax income payments before the end of the calendar year.
Australian taxes, royalties and other payments accounted for $3.8-billion of the payments made in the 2017 financial year.
Multicommodity mining and natural resources development company Premier African Minerals will sell its 52% interest in TCT Industrias Florestais (TCT IF), which principally owns a limestone deposit and forestry interests, in Mozambique, to Amire Glory. Aim-listed Premier will retain a 50% interest in the limestone deposit, which is of continuing interest to the company, but still at the initial stages of exploration.
Aim-quoted Savannah Resources is hard at work to fast-track its Mina do Barroso lithium project, in Portugal, to production, as it seeks to tap into the fast-expanding battery market.
Assay results from the first part of a reverse circulation drilling programme at two high-priority targets, Reservatoria and Grandao, have returned a series of “robust” near-surface intercepts with grades ranging between 0.92% Li2O and 1.27% Li2O.
Iron-ore has been dragged back into the $60s after getting hit by a barrage of bad news, with persistent concern about rising global supply, fresh questions about the outlook for demand in China, and a warning from Australia’s central bank that the top buyer may be nearing peak steel.
The benchmark spot price for ore delivered to Qingdao slumped 10% in the past four days, ending at $68.85 a dry metric ton on Tuesday, the lowest since July, according to Metal Bulletin. The sell-off in the commodity, which hit almost $80 in August, follows the first back-to-back weekly loss since June.
Rare earths developer Arafura Resources on Wednesday announced that the mine life at its Nolans rare earths project, in the Northern Territory, could be extended beyond more than 30 years.
The company told shareholders that mine planning work undertaken in advance of the definitive feasibility study (DFS) has established a mining inventory that could support a longer mine life at Nolans.
Philippine lawmakers on Wednesday said they would hold more hearings before deciding whether to confirm the appointment of the country’s environment minister, although some said they were likely to approve the step.
The confirmation of Environment and Natural Resources Secretary Roy Cimatu is being closely watched given the policy implications for the mining sector in the world’s top nickel ore supplier.
There is no evidence the release of stormwater from Abbot Point Coal Terminal caused widespread contamination of the nearby Caley Valley Wetlands, Queensland’s Environment Department finds.
Two miners died when a rock fell on their heads while drilling in shaft 12 of Impala Platinum’s Rustenburg mine on Tuesday morning, the mine said. The two men, aged 31 and 34, died at the scene, Impala Platinum spokesperson Johan Theron told News24.
Russia’s State-owned nuclear corporation is joining the lithium rush.
After a collapse in the price of uranium, Rosatom Corp. plans to start mining and trading the metal used in batteries as it seeks to profit from the rapid rise of electric vehicles.
The Queensland University of Technology develops a facility to produce Australia’s first lithium-ion batteries, similar to those used to power Tesla cars, and wants share the knowledge.
Iron ore prices are being hit by tightening credit in China as well as a crackdown on air pollution in key steel making cities.
Americas-focused project developer GoldMining Inc is making its first foray into Peru with the 100% acquisition of Crucero gold project, located in south-eastern Peru, from Lupaka Gold.
The TSX-V-listed companies have signed a sale agreement providing for total payment of 3.5-million GoldMining common shares and $750 000 in cash, representing about 3% dilution to GoldMining shareholders.
More than 120 birds in Canada’s oil heartland of Alberta were killed after getting caught in a pond of oil sands byproducts operated by the country’s largest producer Suncor Energy, the local regulator said on Tuesday.
The Alberta Energy Regulator said the animals, waterfowl and songbirds, were found at the Fort Hills oil sands mine jointly owned by Suncor, France’s Total and Canadian mining company Teck Resources.
Buenaventura is considering making a bid on a $2-billion copper project in Peru as the precious metal miner’s gold production dwindles and copper prices rally, the company’s chairperson told Reuters on Tuesday.
Speaking at the Perumin industry convention in Arequipa, Peru, Roque Benavides said Buenaventura has already bought the paperwork required to take part in the November 15 auction for Anglo American’s former project Michiquillay.
Kinross Gold is spending more than $800-million to essentially tread water as – like many miners – it faces a future in which new gold assets are increasingly difficult to find and costly to develop.
The Canadian miner said Monday it will move ahead with expansions at mines in Mauritania and Nevada as part of efforts to maintain its production and lower costs.
The NSW Premier is being urged to take immediate action to prevent the closure of a central-west coal mine that could put up to 15 per cent of the state’s energy supply in doubt.
LIMA, Peru–(BUSINESS WIRE)–Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company” or “Graña y Montero”), a leading Engineering and Construction company, announced that its subsidiary Morelco in Colombia was awarded two new contracts today with Ecopetrol, a Colombian national oil company. The first contract amounts to US $ 11.902 million for an air-cooling system at the Suria and Ocoa thermoelectric plants; while the second contract is for US $ 4.087 million granted for the refurbish
CALGARY, Alberta–(BUSINESS WIRE)–Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) (the “Company” or “Dominion”) today announced that at the special meeting (the “Meeting”) of the shareholders of the Company (the “Shareholders”) held earlier today, Shareholders overwhelmingly approved the previously-announced plan of arrangement (the “Arrangement”) pursuant to which Northwest Acquisitions ULC, an entity affiliated with The Washington Companies, has agreed to acquire all of the issued and out
TSX-V-listed First Cobalt will not complete a strategic alliance over seven cobalt exploration properties close to several major copper/cobalt operations in the Democratic Republic of Congo’s (DRC’s) Central African Copperbelt. The Toronto-headquartered company announced on Monday that it would instead focus its efforts in 2017 on the Canadian Cobalt Camp, in Ontario, where it is in the process of consolidating a large land package.
