Gold producer B2Gold has appointed Caterpillar and Cat dealer Barloworld to supply a 7 MW solar power plant at the Otjikoto mine, in Namibia. The full system, including Cat photovoltaic (PV) solar modules and the Cat microgrid master controller (MMC), will be used to reduce reliance on a heavy fuel oil power plant currently used to power the mining facility.
Diversified major Glencore and its joint venture partners Itochu and Sumitomo have started the sales process of the Rolleston thermal coal mine, in Queensland.
Glencore said on Monday that the decision to divest of the Rolleston mine was part of the company’s ongoing programme to optimise its portfolio and to redeploy capital into other opportunities.
Underground coal gasification (UCG) has officially been banned in Queensland after the state Parliament last week passed legislation to that effect.
Natural Resources and Mines Minister Dr Anthony Lynham said the risks that UCG posed outweighed any potential positives.
The world’s first diamond futures exchange will begin trading in India on Monday, enabling companies in the largest producer of the cut and polished gems to better hedge price risks.
“Indian manufacturers most require this type of financial product,” said Sanjit Prasad, MD of the Indian Commodity Exchange. India carries the price risk of holding huge inventories of cut and polished and rough diamonds, he said.
Australian gold mining continued to climb in the 2017 financial year, reaching 299 t, or 9.6-million ounces, mining consultants Surbiton Associates reported.
The 2017 production was up by 2.5% on t
Two miners at a South African gold mine owned by Harmony Gold have died after they were trapped underground following an earth tremor, the company said on Sunday. Three miners were still missing after the incident on Friday at its Kusasalethu mine near Carletonville, west of Johannesburg.
Zambian President Edgar Lungu has told Glencore’s Mopani Copper Mines (MCM) unit to accept higher electricity prices caused by the removal of state energy subsidies, his spokesman said on Saturday. Copperbelt Energy Corp (CEC), which buys power from the State-owned electricity company and sells it to mines, slashed the supply to Mopani to 94 MW from 130 MW following a dispute over the new tariffs.
The prosecution case against Copper Mines of Tasmania over the death of an employee in a mud rush at the Mount Lyell site in 2014 is dropped, leaving the company relieved but the worker’s wife and daughter angry and determined to see new charges laid.
LONDON–(BUSINESS WIRE)–#forecast–A large mining company was facing challenges in meeting their operational targets, regulatory mandates, tax burdens, and stakeholder expectations.
Project developer Pure gold continues to make progress towards reopening the Madsen gold mine, in Ontario’s Red Lake district.
The Vancouver-based company said on Friday that both the portal and ramp have been opened once more, and work is proceeding on a preliminary economic assessment due by the end of the end of September.
Two of Chile’s three main candidates in the November presidential election proposed broad changes for the mining sector at a forum on Friday hosted by the country’s largest business organisation.
At the event organised by business group Sofafa in downtown Santiago, centre-left candidate Alejandro Guillier struck a pro-business tone but said he would consider modifying free trade accords to promote the local smelting industry.
Vancouver-based exploration junior Amarc Resources has agreed to option its Joy copper/gold project to Toronto-based Hudbay Minerals, the company announced earlier this week.
The deal is structured like one Hudbay entered with Amarc on the Ike copper/molybdenum property last month.
Fifty-one years after the Wave Hill Walk Off, the fight for Indigenous workers’ rights is being rekindled.
CARNEGIE, Pa.–(BUSINESS WIRE)–Ampco-Pittsburgh Corporation (NYSE: AP) today announced that Michael McAuley, Vice President, Chief Financial Officer and Treasurer, will be presenting at the Midwest IDEAS Investor Conference on Thursday, August 31 at the Hard Rock Hotel in Chicago, Illinois. The investor presentation is scheduled to begin at 1:10 PM CT and will be webcast live on the Investor Relations page of the Ampco-Pittsburgh website at www.ampcopgh.com, and on the conference website, www.
Anglo-Australian mining giant BHP Billiton is considering selling a 25% interest in its Canadian potash mine project, a stake that could be worth close to $2-billion, people familiar with the matter told Reuters.
The move comes as activist investor Elliott Management has been pushing the company for changes. BHP is working with an investment bank for the potential stake sale in its partly built Jansen, Saskatchewan potash project, the sources said this week.
BHP Billiton said on Friday it had shut down drilling and completion activities at its Eagle Ford shale operations due to Hurricane Harvey.
In the US Gulf of Mexico, BHP has not evacuated staff or shut in production and will continue to monitor the storm’s development, spokesperson Bronwyn Wilkinson said.
Small-scale Peru-focused gold processor Inca One Gold has reported a 109% year-on-year increase in gold output for May and June, achieving an average throughput of 60 t/d for the two-month period. TSX-V-listed Inca One’s main asset is its Chala One gold milling facility, in Peru, servicing government-permitted, small-scale miners. The company declared commercial production at the facility in March 2015.
Canadian vanadium producer Largo Resources has shipped its thousandth consignment of the steel-hardening and catalytic compound from its flagship Maracás Menchen mine, in Bahia state, Brazil. The shipment represented about 44-million pounds of vanadium pentoxide (V2O5) dispatched from the operation.
Mining operations at the Nifty copper mine, in Western Australia, have been resumed, ASX-listed Metals X said on Friday.
The company last week temporarily suspended operations to undertake remedial repairs to the secondary escape-way of the underground mine.
South African miner Northam Platinum has received government approval for its 1 billion rand ($76 million) mining rights acquisition of an Anglo American Platinum(Amplats) asset, the companies said on Friday. The rights relate to resources at Amandelbult near Northam’s Zondereinde mine and hold an estimated 16.7-million ounces of platinum.
Aim-listed Edenville Energy on Friday said work at the Rukwa coal project site, in south-west Tanzania, was progressing, with the majority of the wash plant components now on site and the last shipment due for delivery next week. In an update to shareholders, the company noted that construction had started with the concrete foundation pad for the drum section in the final stages of completion.
Aim-listed Edenville Energy on Friday said work at the Rukwa coal project site, in south-west Tanzania, was progressing, with the majority of the wash plant components now on site and the last shipment due for delivery next week. In an update to shareholders, the company noted that construction had started with the concrete foundation pad for the drum section in the final stages of completion.
The platinum group metals (PGM) market may be heading for three-way price parity, Northam Platinum CEO Paul Dunne pointed out when the company presented a 60% rise in operating profit to R614-million in the 12 months to June 30, reflecting the benefits of the company’s growth strategy, mechanisation at the Booysendal mine and improved palladium and chrome prices A higher PGM basket price and higher chrome revenue translated into 44%-greater year-on-year group cash profit of R5 314 per equivalent refined platinum ounce, on a sales revenue of R6.9-billion. (Also watch attached Creamer Media video).
Philippine lawmakers have filed a bill seeking to ban mining in watershed areas and exports of unprocessed ores and will require miners to get legislative approval before operating, in line with President Rodrigo Duterte’s pledge to overhaul the sector.
The Philippines is the world’s top nickel ore supplier but Duterte says miners pay too little tax and not enough to compensate mining communities that suffer environmental damage.
ASX- and JSE-listed Resource Generation (Resgen) is working on securing an alternative funding source – not linked to committed domestic coal supply – for the development of its Boikarabelo coal mine. In a shareholder update published Friday, Resgen explained that considerable progress had been made in finalising all material contracts and funding of the rail link; however, the terms of the proposed coal supply to State-owned power utility Eskom had not been secured.
Base metals developer Metalicity will supply some 50kg of Admiral Bay core to a subsidiary of China Minmetals Corporation for metallurgical test work, following a recent memorandum of understanding (MoU) on future zinc and lead offtake from the project in Western Australia.
The company on Friday said that the existing core shipped to Minmetals was selected to be representative of the orebody, with Minmetals expected to prepare a report that will be incorporated into the current prefeasibility study for the project.
Indian major Adani has recorded another legal win against naysayers of its $16.5-billion Carmichael coal mine planned in Queensland.
The Federal Court on Friday dismissed challenges from the Australian Conservation Foundation (ACF) on an earlier Federal Court ruling that upheld the environmental approval, and native title objections from Adrian Barrugubba against the proposed coal mine.
Higher cash operating units costs, as a result of the more expensive clean-up activities at legacy mining sites in the Witwatersrand, has contributed to lower earnings a share and headline earnings a share for DRDGold for the year ended June 30. Earnings a share are expected to be between 68% and 88% lower at 1.7c to 4.7c for the 2017 financial year, compared with earnings a share of 14.7c in the 2016 financial year.
Aim-listed Ncondezi Energy is hoping to complete the process of signing on a partner to assist with the development of its proposed 300 MW Ncondezi coal-fired power project, in Tete, Mozambique, by the end of this year. Ncondezi is seeking a partner capable of providing a leadership role in the financing, construction and operation of the power plant.
The Pinargozu zinc mine, in the Adana province of Turkey, has continued its upward production trend in the second quarter, delivering a 14% quarter-on-quarter production increase in the three months ended June.
The mine – a joint venture (JV) between Turkey’s Akmetal and Canada’s Pasinex Resources – produced 14 518 t of direct shipping ore at an average grade of 34.3% zinc in the quarter under review.
Junior explorer Tethyan Resources has appointed its COO, Fabian Baker, to its board of directors.
Baker, who became COO in May last year, is responsible for Tethyan’s exploration in Serbia and neighbouring countries.
The Minerals Council of Australia (MCA) has blasted the Victorian government’s attempts to legislate renewable energy targets of 40% by 2025, warning that it would see energy costs in the state further increase.
The state government this week introduced legislation to the state Parliament to legislate renewable targets of 25% by 2020 and 40% by 2025, claiming it would result in lower power bills across the state.
The Department of Water and Sanitation has granted Pan African Resources a 20-year water use licence for the Elikhulu tailings retreatment plant (TRP) project, at the Evander mine, in Mpumalanga. An Integrated Environmental Authorisation has also been granted.
Integrated energy company AGL Energy will divest of its North Queensland gas assets to a consortium of Chinese and Australian companies.
ASX-listed AGL said on Friday that its 50% interest in each of the Moranbah gas project joint ventures (JVs) and the North Queensland Energy JV, as well as its participation rights in a Bowen basin exploration licence, will be sold to Shandong Order Gas and Orient Energy.
