Canadian miner Tahoe Resources recorded no fatalities during 2016 and reduced hand-related injuries by more than 75% in both Peru and Guatemala by implementing a hand-safety programme, according the the company’s 2016 sustainability report, which provides comprehensive information about the company’s economic, environmental and societal impacts, according to the latest Global Reporting Initiative (GRI) standards. Highlights of Tahoe’s 2016 sustainability performance include the company’s strengthening social and environmental management with the addition of an environmental affairs director and a sustainability director, who support the company’s operations teams in identifying and managing environmental, social and sustainability-related issues.
TSX-listed Centerra Gold has upped its second-quarter net earnings by a whopping 706% year-on-year, according to a release published Monday. The Canadian gold major reported net earnings of $23.4-million, or $0.08 per common share, on revenues of $279.2-million for the three months ended June 30, 2017, compared with net earnings of $2.9-million, or $0.01 per common share, on revenues of $160.4-million for the same period in 2016.
DUBLIN–(BUSINESS WIRE)–The “Global Mining Truck Market 2017-2021” report has been added to Research and Markets’ offering. The analysts forecast the global mining truck market to grow at a CAGR of 5.90% during the period 2017-2021. Global Mining Truck Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key v
Despite lower grades dragging down production at its Aurora mine, in Guyana, in the second quarter of this year, TSX-listed Guyana Goldfields has maintained its production guidance for the full-year, albeit at the lower end of the range of 160 000 oz to 180 000 oz of gold. The mine produced 29 700 oz of gold in the second quarter, compared with 40 900 oz in the first quarter of the year.
De Beers’ sixth sales cycle for this year saw the trend of consistently good demand for its rough diamonds continue, with $572-million of diamonds sold. This compares with the $528-million of diamonds sold in the sixth cycle of last year and the $541-million of diamonds sold in the fifth sales cycle of this year.
Aim-listed Alba Minerals has been granted an exclusive licence to explore the coastline of Greenland’s Thule black sand province, targeting heavy mineral sands, especially ilmenite.
The licence, covering 384 km2, is 9 km from fellow-listed Bluejay Mining’s Pittufik ilmenite project, where an inferred resource of 23.6-million tonnes at 8.8% ilmenite has recently been announced.
Dublin-headquartered Karelian Diamond Resources has received the results of a preliminary economic assessment (PEA) for its Lahtojoki kimberlite pipe in eastern Finland, which recommends that a mine should be developed to extract more than $200-million worth of diamonds.
The PEA, which was carried out by Brennan Mining Services, estimates that about 2.11-million carats could be recovered from a mine operating for nine years.
A definitive feasibility study (DFS) into the first phase of Ivanhoe Mines’ Platreef project has confirmed the technical viability of what the company expects to be the world’s lowest-cost and one of the world’s largest, single primary producers of platinum-group metals. The project, which contains the Flatreef deposit, is located on the Northern Limb of South Africa’s Bushveld Igneous Complex and will produce platinum, palladium, rhodium and gold (3PGE+Au), as well as nickel and copper.
The share price of gold miner Doray Minerals rose by more than 10% on Tuesday on news of the bonanza-grade Da Vinci discovery at the company’s Deflector project, in Western Australia.
Drilling has intercepted visible mineralisation, with one hole delivering results of 7.5 m at 29.7 g/t gold, including 1.5 m at 110 g/t gold and 2.8 m at 24.2 g/t gold. Copper assays from this hole are still pending.
Recent data by the Productivity Commission has revealed that the Australian mining sector received negligible assistance from the federal government during 2015/16.
In its latest industry assistance review, the Productivity Commission notes that out of the A$15-billion in total industry assistance awarded to industry in 2015/16, the mining industry was the recipient of only some A$300-million, while the manufacturing industry received about A$6.2-billion in net assistance.
A researcher with 30 years experience in mine rehabilitation is calling for a national approach to regulation of abandoned mines.
BHP Billiton on Tuesday denied commentary in a Brazilian newspaper that it has agreed to sell its stake in the Samarco iron ore mine to its partner Vale. The Samarco mine has been shut since November 2015, when a dam burst, unleashing a deluge of mud that killed 19 people and destroyed nearby towns.
The revival of the Northern Territory’s Bootu Creek manganese mine has led to a resurgence of bulk ore shipments.
Organisers of the Diggers and Dealers mining forum set to start next week in Kalgoorlie have changed their minds about the Indigenous welcome.
A researcher with 30 years experience in mine rehabilitation is calling for a national approach to regulation of abandoned mines.
HOUSTON–(BUSINESS WIRE)–Keane Group, Inc. (“Keane” or the “Company”) today reported second quarter 2017 financial results. Results and Recent Highlights Reported second quarter 2017 revenue of $323.1 million, compared to first quarter 2017 of $240.2 million Reported second quarter 2017 net loss of $11.2 million, compared to first quarter 2017 of $72.3 million Achieved second quarter 2017 Adjusted EBITDA of $36.0 million, compared to first quarter 2017 of $13.1 million Averaged 18.3 deployed h
CLEVELAND–(BUSINESS WIRE)–Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it has priced an offering of $575 million aggregate principal amount of its 5.75 percent senior guaranteed notes due 2025 (the “Additional Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Additional Notes will constitute an additional issuance of the Company’s 5.75 percent senior guaranteed notes due March 1, 2025, $500 mill
BROOKWOOD, Ala.–(BUSINESS WIRE)–Warrior Met Coal (NYSE: HCC) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.05 per share to be paid on August 23, 2017, to stockholders of record as of the close of business on August 14, 2017. Warrior Met Coal is a large-scale, low-cost U.S. based producer and exporter of premium hard coking coal (“HCC”) operating highly efficient longwall operations in its underground mines located in Alabama. The HCC that War
Zimbabwe Vice President Emmerson Mnangagwa says the cash-strapped Zimbabwe government is piling up reserves of gold and diamonds to back a new local currency. But he did not say when the new currency would be introduced.
DUBLIN–(BUSINESS WIRE)–The “Innovations in Aerogels, Graphene, and Carbon Fibers” report has been added to Research and Markets’ offering. This issue of High-Tech Materials TOE profiles innovations that include high-performance aerogel-based insulation for building and construction, graphene enhanced nanocomposites for increased thermal and electrical conductivity, and recycled carbon fibers with wide application potential. The High-Tech Materials TechVision Opportunity Engine (TOE) provides
Junior gold miner Medusa has reported a 30% quarter-on-quarter increase in production during the June quarter, as grades increased at the Co-O mine, in the Philippines.
Gold production increased to 23 846 oz, compared with 18 390 oz in the previous quarter, while gold sales during the same period increased to 22 296 oz, from 17 909 oz.
Recently adopted legislative changes in Tanzania would apply to the Ngualla project, but developer Peak Resources said on Monday that impacts would be manageable if rare earth prices continued to rise.
Peak MD Darren Townsend said the new legislation appeared to be focused mainly on precious and base metals producers with mining development agreements containing historic concessions.
Uranium developer Vimy Resources has raised A$6-million through a share placement to sophisticated and institutional investors to complete definitive feasibility study (DFS) work at its Mulga Rock project, in Western Australia.
The company will issue 43-million shares, priced at 14c each, to new shareholders, representing some 13.5% of the shares currently on issue.
Copper-gold miner Sandfire Resources has increased its shareholding in TSX-V listed Tintina Resources by a further 16.9%, to 78.1%.
Sandfire on Monday told shareholders that the acquisition of this strategic stake from fellow shareholder Electrum Global Holdings, further consolidated the company’s ownership position of one of the world’s premier high-grade undeveloped copper projects in the Black Butte copper project, in Montana.
Oil and gas producer Origin Energy on Monday reported a 12% quarter-on-quarter production increase and said its full-year production surged by 40%. During the fourth quarter, ended June, Origin produced 89.2 PJe, compared with the 79.7 PJe produced in the third quarter, while full-year production increased from 231.5 PJe to 323.2 PJe.
Strong demand for materials used in electric vehicles helped Belgian group Umicore to report first-half operating income (EBIT) above analysts’ estimates on Monday.
Umicore has positioned itself to take advantage of rising demand for electric vehicles, investing €460-million to expand by over six times its production of nickel manganese cobalt (NMC) cathode materials, which are sought after components of lithium-ion rechargeable car batteries.
Tanzania’s government and Canada’s Barrick Gold have started talks to resolve a tax dispute involving Acacia Mining, the President’s office said on Monday. The government accuses Acacia, in which Barrick holds a majority stake, of evading taxes over the years by under-declaring exports. Acacia denies the accusations, which have pummelled its share price.
TSX-listed Leagold Mining has received an environmental permit to develop a portal and ramp for the Bermejal underground deposit, which has the potential to increase gold production and extend mine life at Los Filos mine, in Mexico. With the portal and ramp design completed and being used for tendering, contractor selection will be completed in August.
Aim- and AltX-listed Jubilee Platinum’s recently commissioned Hernic platinum and chrome processing operations has progressed to a fully operational business unit, demonstrating its capability of achieving the expected design parameters. The Hernic project started operations during March, achieving design capacities during June and delivering stable platinum group metals (PGM) production in July, Jubilee CEO Leon Coetzer said in a second-quarter update to shareholders on Monday.
TSX- and NYSE-listed Platinum Group Metals (PTM) has concluded contractor terminations and consultations with labour unions as it revamped the operating plan for the Maseve platinum mine. PTM has successfully lowered its cost structure to align with a reduced production ramp-up profile after transitioning the operation to a more hybrid mining method with a smaller labour force.
JOHANNESBURG (miningweekly.com) – The National Union of Mineworkers (NUM) on Monday called for the resignation of Mineral Resources Minister Mosebenzi Zwane, citing a complete breakdown in relations. Speaking at a press briefing to discuss recent announcements by AngloGold Ashanti and Bokoni Platinum Mine that they will be retrenching 8 500 and 2 651 workers respectively, the union stated that the relationship between itself and the Minister was “virtually nonexistent”.
Aim-listed Premier African Minerals on Monday announced a series of funding agreements that will allow the multicommodity mining and natural resources development company to increase its stake in Ethiopia-based Circum Minerals and fast-track exploration efforts at its wholly-owned Zulu lithium and tantalum project, in Zimbabwe. In an update to shareholders, the company said it had secured a new $2.9-million loan agreement, a direct subscription at 0.7p per new ordinary share to raise £4.8-million, before costs, and a £3.3-million equity sharing agreement.
DUBLIN–(BUSINESS WIRE)–The “Asia Pacific Drilling Service Market – Opportunities and Forecasts, 2014 – 2022” report has been added to Research and Markets’ offering. Drilling is a process of creating a hole to extract natural resources. Drilling services include design, planning, operations, and performance optimization of well. It helps to improve well intervention efficiency in complicated environment conditions. Drilling services provide information regarding well, such as well status, dri
