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JD400   Thursday, 05/09/19 12:06:10 AM
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Miner Shadows

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from Miners Weekly America's Home

Barrick CEO expects to raise $1.5bn in asset sales

By: Bloomberg Updated 6 hours ago Barrick Gold, which completed its acquisition of Randgold Resources at the beginning of the year, has identified $1.5-billion in assets the miner intends to sell, CEO Mark Bristow said. “Our focus is realizing $1.5-billion through next year,” Bristow said Wednesday in an interview in Toronto.... ?
Barrick CEO expects to raise $1.5bn in asset sales
Barrick Gold CEO Mark Bristow

Barrick quarterly profit misses analysts' expectations


By: Reuters Updated 6 hours ago Barrick Gold, the world's second-largest gold producer, reported first-quarter profit on Wednesday that missed analysts' expectations. In Barrick's first quarter of operations since its acquisition of Randgold Resources, the company posted net income of $111-million, or 6c a share, compared with... ?


Vale iron-ore output, sales slump after deadly Brazil dam burst


By: Reuters Updated 6 hours ago Brazil's Vale said on Wednesday that its iron ore production and sales slumped in the first quarter from a year earlier, reflecting the impact of the deadly collapse of a tailings dam at Brumadinho in late January. Iron ore output fell 11% to 72.87-million tonnes while sales of the commodity... ?


Hancock proves successful in Riversdale bid



By: Esmarie Iannucci 8th May 2019 Australian iron-ore major Hancock Prospecting has gained a shareholding of more than 85% in Canadian takeover target Riversdale Resources, triggering an increased offer price. Hancock earlier this week increased its cash offer for the unlisted Canadian coal company from A$2.20 a share to A$2.70... ?
Hancock proves successful in Riversdale bid
Hancock chairperson Gina Rinehart


Big Four miners languish amid demand, ESG, capex concerns



By: Reuters 8th May 2019 The world's biggest diversified miners have yet to see their share prices reflect their role as providers of the minerals needed for a shift to a low-carbon economy. Mining companies provide minerals such as cobalt used in electric vehicle batteries and copper for increased electrification, and... ?


Big Four miners languish amid demand, ESG, capex concerns
Top copper miner output declines to lowest in more than a decade



By: Bloomberg 8th May 2019 The world’s top copper miner posted the lowest production in more than a decade during the first quarter after heavy rains hit its operations and output declined across all of its aging mines. Chile’s Codelco churned out 370 900 t in the first quarter of 2019, down 27% from the previous three... ?


Lithium prices from mining giant decline even as demand soars

By: Bloomberg 8th May 2019 Lithium export prices from the world’s second-largest producing nation fell in the first quarter, marking the first decline for the mineral that is key to electric vehicle batteries since at least 2014. Chile exported lithium carbonate at an average price of $12 183 per ton, 0.9% down from the... ?


Waterton agrees not to increase stake Hudbay to more than 15%

By: Reuters 8th May 2019 Private equity firm Waterton Global Resource Management on Tuesday said it agreed to not increase its stake in Hudbay Minerals to more than 15% after the private equity firm settled its drawn out proxy contest with the Canadian miner. Hudbay last week settled a board battle with its second... ?


SolGold’s Porvenir has hallmarks of significant discovery so far

By: Marleny Arnoldi 7th May 2019 LSE- and TSX-listed SolGold’s exploration efforts at its fully-owned Porvenir project, in Ecuador, have paid off, with multiple mineralisations identified, and more to be pursued. In an exploration update on Tuesday, the Australia-based company said that the size and grade of the outcropping... ?


Phoenix to fast-track openpit development at Idaho-based mine

By: Simone Liedtke 7th May 2019 The measured and indicated resource of base and precious metals exploration and development company Phoenix Global Mining’s Empire mine, in the US, has increased by 45.6% to 15.27-million tonnes, the company reported on Tuesday. The increase was based on work completed over the last year, which... ?


Global gold-backed ETF holdings register net outflows in year to date

By: Tasneem Bulbulia 7th May 2019 Holdings in global gold-backed exchange-traded funds and similar products fell across all regions by 57 t to 2 424 t, equivalent to $2.2-billion in outflows, in April, the World Gold Council said in a statement on Tuesday. Global assets under management in dollars fell by 3% to $100-billion, as... ?


Harte Gold receives permit for 800 t/d operation

By: Tasneem Bulbulia 7th May 2019 TSX-listed Harte Gold on Monday announced a total refinancing of its existing debt and receipt of approval to increase operational throughput from 540 t/d to 800 t/d at its Sugar Zone mine, in White River, Ontario. The senior debt financing package for $72.5-million would be provided by BNP... ?


Australia's Pilbara Ports throughput drops 1% in April

By: Reuters 8th May 2019 Australia's Pilbara Ports Authority (PPA) said on Wednesday that throughput slipped 1% in April from year earlier. April's throughput was 58.8-million tonnes, the PPA said in a statement. ?


DRC Minister backs Nzuri deal

By: Esmarie Iannucci 8th May 2019 The Minister of Mines for the Democratic Republic of Congo (DRC) has approved Chinese metals trader Chengtun Mining Group’s A$109.5-million cash offer for copper junior Nzuri Copper. Chengtun Mining is offering Nzuri shareholders 37c a share for their holding in the ASX-listed company, which... ?


Gulf gets approval for DSO exports from Indonesia

By: Esmarie Iannucci 8th May 2019 The share price of ASX-listed Gulf Manganese soared by 20% on Wednesday on news that the Indonesian Ministry of Energy and Mineral Resources had approved the company’s plans to export direct shipping ore (DSO) from its manganese operations in the region. The approval covered 103 162 t/y of DSO. ?


Processing operations start at Woodlawn

By: Esmarie Iannucci 8th May 2019 Ore processing at the Woodlawn zinc/copper mine, in New South Wales, has started, with the operation expected to progressively ramp up to an estimated throughput capacity of 1.5-million tonnes a year. ASX-listed Heron Resources on Wednesday told shareholders reclaimed tailings from hydraulic... ?


Coal exports continue to drive Qld economy

By: Esmarie Iannucci 8th May 2019 Coal has continued to drive exports in Queensland, with the state government this week reporting an increase of 18.4% in the value of exports, which reached A$84.3-billion in the 12 months to March. “Yet again the value of Queensland’s merchandise exports over the year are larger than NSW and... ?


Bardoc consolidated landholding near Kalgoorlie

By: Esmarie Iannucci 8th May 2019 Gold junior Bardoc Gold has moved to consolidated tenements in Western Australia, striking a deal with fellow listed Torian Resources to acquire a package of 40 tenements covering 49 km2 in and around its own 2.6-million ounce Bardoc gold project. The deal gives Bardoc full ownership of a... ?


Pursuit sharpens focus on Swedish vanadium

By: Esmarie Iannucci 8th May 2019 Scoping studies into the Airijoki and Koitelainen vanadium projects, in Sweden and Finland respectively, have proven both projects to be financially robust, ASX-listed Pursuit Minerals said on Wednesday. The scoping studies assessed the potential for both Airijoki and Koitelainen to be developed... ?


Middle Island issues a warning to Alto

By: Esmarie Iannucci 8th May 2019 Suitor Middle Island Resources has warned that a defeating condition has been triggered for its takeover offer of fellow-listed Alto Metals, after Alto announced a capital raise earlier this month. Alto has previously said that it would raise A$600 000 through a share placement to Alto... ?


South Africa’s energy transition won’t be ‘just’ in absence of inclusive social dialogue

By: Terence Creamer 7th May 2019 South African Federation of Trade Unions general-secretary Zwelinzima Vavi has called for urgent social dialogue on South Africa’s “inevitable” energy transition from coal to renewable energy, warning that the country’s current framework will fail to deliver a just outcome for workers and poor... ?


South Africa’s energy transition won’t be ‘just’ in absence of inclusive social dialogue
Photo by Creamer Media
Saftu general-secretary Zwelinzima Vavi
Pensana appoints RFC Ambrian as broker ahead of LSE listing

By: Marleny Arnoldi 7th May 2019 ASX-listed Pensana Metals has appointed RFC Ambrian as its broker and agent ahead of its planned listing on the LSE later this year. Ambrian’s role will be to provide ongoing support and guidance to the company regarding marketing of the company’s shares in the UK and Europe. ?


Worley creating a force for the future of resources and energy

By: Martin Creamer 7th May 2019 Following the announcement in October 2018 of WorleyParsons' binding offer for Jacobs' Energy, Chemicals and Resources, the combined new entity has come together under a new brand – Worley – involving 57 600 people across 51 countries. While financially a $3.2-billion acquisition, operationally... ?
Worley creating a force for the future of resources and energy
Photo by Creamer Media Chief Photographer Dylan Slater
From left, Krish Iyer, president Middle East Africa, Francois Bosch, business development (BD) sales manager, East Africa, Denver Dreyer, senior vice president Mining Minerals and Metals (MM&M), Europe Middle East Africa, Ian Davies, senior vice president, BD & Growth MEA, Ryan Froude, operations manager, East Africa, Robert Hull, vice president, MM&M, Africa, and Ed Hanbidge, vice president, Energy Chemicals and Services, Southern and Eastern Africa.


ArcelorMittal to cut iron-ore output, slash jobs in Bosnia

By: Reuters 7th May 2019 ArcelorMittal will reduce output and cut 300 out of 800 jobs at its iron ore mines in Bosnia, the world's largest steelmaker said on Tuesday. Output will be reduced by a third to one-million tonnes and the job cuts will be carried out from September, it said in a statement. ?


Kirkland Lake raises bottom-end of production guidance

By: Tasneem Bulbulia 7th May 2019 Dual-listed Kirkland Lake Gold has raised the lower end of its production guidance for the year, on the back of strong first-quarter results at the Macassa mine, in Canada, and Fosterville mine, in Australia. The miner now expects to produce at least 950 000 oz, Kirkland president and CEO Tony... ?


Kirkland Lake raises bottom-end of production guidance
The Macassa mine, in Ontario.


US sinks Arctic accord due to climate change differences

By: Reuters 7th May 2019 The United States has refused to sign an agreement on challenges in the Arctic due to discrepancies over climate change wording, diplomats said on Tuesday, jeopardising cooperation in the polar region at the sharp edge of global warming. Temperatures in the Arctic are rising at twice the rate of... ?


BHP faces $5bn claim over 2015 Brazil dam failure

By: Reuters 7th May 2019 Anglo-Australian mining giant BHP is facing a landmark, $5-billion damages claim in England for being "woefully negligent" in the run-up to a 2015 dam failure that led to Brazil's worst environmental disaster, a lawsuit alleges. The claim, which will be largest group action to be heard in... ?


Drilling results indicate possible extension to New Luika's mine life

By: Tasneem Bulbulia 7th May 2019 The results of the first phase of a drilling campaign at the Bauhinia Creek deposit at Aim-listed Shanta Gold’s New Luika gold mine (NLGM) in Tanzania, identify positive intersections below the existing reserves that indicate that the existing underground decline may be continued and mine life... ?


Wescoal focuses on production restoration, increasing output amid challenging environment

By: Simone Liedtke 7th May 2019 JSE-listed mining group Wescoal, headed up by CEO Reginald Demana, has said its focus, moving forward, will be on restoring production and increasing output from existing operations, while also focusing on cost containment and operational business partner risks. The overall economic climate... ?


Wescoal focuses on production restoration, increasing output amid challenging environment
Wescoal CEO Reginald Demana
Wescoal adds Nedbank’s Lentsoane, South32’s Sibisi to management

By: Simone Liedtke 7th May 2019 JSE-listed mining group Wescoal on Tuesday announced the appointment of Enos Lentsoane as the company’s new executive head of commercial and investments, effective from May 1. Lentsoane will be responsible for identifying potential acquisitions, partnerships and investments that align with... ?


Rainbow secures $700 000 loan

By: Tasneem Bulbulia 7th May 2019 London-listed Rainbow Rare Earths, which owns the Gakara project, in Burundi, has secured a $700 000 loan from its biggest shareholder, Pella Ventures, to support Rainbow’s development and operations. The loan is to be applied towards general working capital purposes. ?


Premier signs RHA investment, management agreement with Zim authority

By: Tasneem Bulbulia 7th May 2019 Aim-listed Premier African Minerals on Tuesday reported the signing of a new management agreement with the National Indigenisation and Economic Empowerment Fund of Zimbabwe, which is expected to result in the RHA tungsten project being brought back into production without any further financing... ?


Over 400 organisations, small businesses join class action against Eskom

By: News24Wire 7th May 2019 A law firm believes that its plans to launch a class action against Eskom over load-shedding are viable, despite a previous statement from the power utility that there are limited grounds for such a case to be successful. De Beer Attorneys in April called on businesses and organisations which... ?


Over 400 organisations, small businesses join class action against Eskom
Australia, Guinea, Indonesia to lead bauxite mining up to 2029

By: Marleny Arnoldi 7th May 2019 Following a decline in global bauxite production in 2018, consultancy company Fitch Solutions says global bauxite production this year is being driven by new projects coming on line in Guinea and Australia, as well as a ramp-up in production in India and Indonesia. Australia holds 12 of the 29... ?


Australia, Guinea, Indonesia to lead bauxite mining up to 2029
Agri SA launches court proceedings against granting of shale gas exploration rights

By: Simone Liedtke 7th May 2019 Agricultural organisation Agri SA has launched court proceedings in the Pretoria High Court against the granting of environmental authorisations and explorations rights for shale gas to Africa-focused oil and gas exploration and development company Rhino Oil and Gas. Although the authorized... ?


McEwen appoints new finance chief, GM for Nevada

By: Creamer Media Reporter 7th May 2019 Gold miner McEwen Mining has appointed Meri Verli as its CFO, replacing Andrew Elinesky, who left the company on Monday. Verli has held several management roles in the mining sector, including the CFO of PPX Mining, senior VP finance and treasury at Kirkland Lake Gold until and VP finance at... ?


Rio Tinto to buy autonomous mining truck fleet from Caterpillar

By: Reuters 7th May 2019 Rio Tinto has agreed to buy a fleet of autonomous trucks and other mining equipment from Caterpillar for its new Koodaideri iron ore mine in Western Australia, it said on Tuesday. Caterpillar will supply a fleet of 20 autonomous 793F trucks as well as four autonomous blast drills for the mine,... ?


Sand mining 'mafias' destroying environment, livelihoods – UN

By: Reuters 7th May 2019 Sand mining is eroding the world's river deltas and coastlines, damaging the environment and hurting livelihoods from Cambodia to Colombia, as government regulation fails to keep pace with rising demand, the United Nations warned on Tuesday. Global demand for sand and gravel, used extensively in... ?


Western Areas boss gets Perseus appointment

By: Esmarie Iannucci 7th May 2019 Gold miner Persues Mining has appointed Daniel Lougher as a non-executive director, bringing the total number of Perseus’ board to six. In addition to his role as non-executive director, Lougher will also serve as chairperson of the technical committee. ?
JV brings Iron Ridge closer to development

By: Esmarie Iannucci 7th May 2019 Junior iron-ore developer Fenix Resources has struck a strategic alliance agreement with trucking and logistics company Minehaul, which could resulted in the accelerated development of the Iron Ridge project, in Western Australia. Under a joint venture (JV), known as Premium Minehaul, trucking... ?
Dolphin's economics prove positive

By: Esmarie Iannucci 7th May 2019 An economic analysis of the Dolphin tungsten mine, in Tasmania, has estimated that the project would cost some A$65-million to bring into development. ASX-listed King Island Scheelite on Tuesday reported that based on the currently planned opencut operation, which is projected to produce some 20... ?
Magnetic raises A$3.1m for exploration

By: Esmarie Iannucci 7th May 2019 ASX-listed junior Magnetic Resources has raised A$3.1-million through a share placement priced at 28c each. Magnetic had initially sought to raise A$2.5-million, but strong demand from new and existing shareholders prompted the company to increase the share offer. ?


Fast West project boosts DRDGold's quarterly output by 15%

By: Marleny Arnoldi 7th May 2019 Surface gold recovery company DRDGold produced 41 120 oz of gold in the quarter ended March 31 – a 15% increase compared with the 35 732 oz produced in the quarter ended March 2018. The gold producer on Tuesday attributed the higher production mainly to the Far West Gold Recoveries project’s... ?
Fast West project boosts DRDGold's quarterly output by 15%
Photo by Creamer Media
DRDGold CEO Niël Pretorius
Vale says court halts Brucutu iron mining operations

By: Reuters 7th May 2019 Brazilian miner Vale said on Monday that a court had ordered it to halt operations at its Brucutu iron-ore mining complex, reversing a lower court decision that had allowed the mines activities to resume. Vale, which has fallen under intense scrutiny after a dam at another complex ruptured in... ?


Walkabout pushes early start button at Lindi Jumbo

By: Esmarie Iannucci 7th May 2019 Graphite developer Walkabout Resources has started an integrated international project ‘early start’ programme to start the procurement, manufacturing and site works for its Lindi Jumbo project, in Tanzania. The ‘early start’ programme is aimed at advancing the construction process along its... ?


Orminex completes Penny's Find buy

By: Esmarie Iannucci 7th May 2019 ASX-listed junior Orminex has completed the A$600 000 purchase of the Penny’s Find gold mine, in Western Australia. The deal struck between Orminex and fellow-listed Empire Resources included a net smelter royalty of 5% payable on the first 50 000 oz produced from the project area, and a 2.5%... ?


Iamgold to review guidance in second half

By: Mariaan Webb 7th May 2019 Canadian gold miner Iamgold has maintained its 2019 production and costs targets, but said on Monday that it would review its guidance in the second half of the year, following a “challenging” first quarter. Attributable gold production, inclusive of joint venture (JV) operations, fell by 23%... ?


Iamgold to review guidance in second half
Iamgold CEO Steve Letwin
Anadarko accepts Occidental bid; Chevron may now respond

By: Bloomberg 7th May 2019 Anadarko Petroleum’s board has declared Occidental Petroleum’s sweetened $38-billion takeover “superior,” giving Chevron until May 10 to either boost its offer or walk away from the oil industry’s biggest deal in at least four years. The announcement by Anadarko, which had rebuffed several prior... ?


Marikana mineworkers case postponed again

By: African News Agency 7th May 2019 Seventeen Marikana mineworkers briefly appeared in the North West High Court, sitting in Mogwase, on Monday. Their case was postponed to October 18, due to an application they made at the High Court in Pretoria to review former National Director of Public Prosecution (NDPP) Shaun Abrahams'... ?


Orion readies local community for development of Prieska project

By: Simone Liedtke 6th May 2019 Dual-listed Orion Minerals has commissioned introductory mining familiarisation short courses within the Siyathemba municipality, in the Northern Cape, in line with its commitment to ensuring local communities’ benefit from its ventures. The programme is aimed at raising public awareness of the... ?


Orion readies local community for development of Prieska project
New Gold restarts Rainy River

By: Creamer Media Reporter 6th May 2019 Intermediate gold miner New Gold has restarted milling operations at its Rainy River operation after a temporary shutdown to tackle excess water in the tailings management area (TMA). The mill was shut down on April 24 and was rest started late in the afternoon on Friday. ?


Deloitte consolidates Intelligent Mining offering

By: Marleny Arnoldi 6th May 2019 Since launching its Intelligent Mining system a bit more than a year ago, Deloitte has consolidated the respective service offerings into one combined mining intelligence capability, which now comprises a Digital Nerve Centre and Intelligent Boardroom. Deloitte digital mining operations leader... ?


Deloitte consolidates Intelligent Mining offering
Trevali reports solid first quarter results

By: Simone Liedtke 6th May 2019 TSX-listed Trevali Mining Corporation started the new year off with strong results, which positions the company well to meet its operating targets and take advantage of the currently strong zinc price, newly-appointed president and CEO Ricus Grimbeek said on Monday. While zinc concentrate... ?


Trevali reports solid first quarter results
Trevali Mining's Santander mine, in Peru
Bauba, Northam enter into trial product sale agreement

By: Simone Liedtke 6th May 2019 Diversified miner Bauba Platinum has entered into a trial product sale agreement with Northam subsidiary Booysendal Platinum. The agreement is effective from April this year and will see Northam process 24 000 t of low-grade chrome ore to be supplied by Bauba at its concentrator plant over a... ?


Difficult start to the year for Endeavour Silver

By: Mariaan Webb 6th May 2019 Midtier miner Endeavour Silver, which owns four underground silver/gold mines in Mexico, has initiated a range of short- and long-term actions aimed at conserving cash and turning around the weak performance of the first quarter. The NYSE- and TSX-listed miner on Monday reported a 28% decrease... ?


IEA says world cannot ‘press pause’ on renewables, as capacity growth stalls

By: Terence Creamer 6th May 2019 The International Energy Agency has expressed concern over the “unexpected flattening” of renewable-energy capacity additions in 2018, which, at 180 GW, remained in line with additions recorded in 2017. It was the first time since 2001 that year-on-year additions of renewable energy failed to... ?


IEA says world cannot ‘press pause’ on renewables, as capacity growth stalls
Michigan judge upholds Back Forty permit – Aquila

By: Creamer Media Reporter 6th May 2019 Project developer Aquila Resources on Monday announced that the state of Michigan had issued a final decision and order upholding the mining permit for its Back Forty zinc and gold project. The Menominee Indian Tribe of Wisconsin and an individual owing property near the project site in 2017... ?


groundWork opposing Minister’s plan to weaken air pollution standards

By: Simone Liedtke 6th May 2019 Environmental justice group groundWork, represented by the Centre for Environmental Rights, has launched High Court proceedings against Environmental Affairs Minister Nomvula Mokonyane and President Cyril Ramaphosa and is asking the court to set aside government’s plan to double the amount of... ?


Three new directors for Mountain Province

By: Creamer Media Reporter 6th May 2019 Canadian diamond miner Mountain Province on Monday announced that former Peregrine Diamonds CEO Tom Peregoodoff and former Lucara Diamond Corp CEO William Lamb would join its board of directors following the annual general meeting (AGM) next month. Investment professional Brett Desmond, who is... ?


Total to buy Anadarko’s Africa assets for $8.8bn if Occidental bid succeeds

By: Simone Liedtke 6th May 2019 French integrated oil and gas company Total has reached a binding agreement with Occidental Petroleum to acquire Anadarko’s assets in Africa for $8.8-billion in the event of the successful completion of Occidental’s takeover bid for Anadarko. The transaction hinges on Occidental entering into and... ?


Total to buy Anadarko’s Africa assets for $8.8bn if Occidental bid succeeds
Top oil buyers rue global chaos bringing back seller's market

By: Bloomberg 6th May 2019 The world’s biggest oil buyers are being forced to go on the defensive once again. US President Donald Trump’s sanctions on Iran and Venezuela, the Opec+ coalition’s output curbs, and disruptions from Nigeria to Libya are all handing crude sellers the upper hand in negotiations. With refiners in... ?


Fortune confirms on site gold recovery from cobalt concentrates

By: Creamer Media Reporter 6th May 2019 TSX-listed Fortune Minerals could potentially defer the construction of its downstream refinery, after recent tests have confirmed that it could achieve good gold recoveries from its cobalt and bismuth concentrates at the proposed Nico mine site. The company, which had to find a new site for its... ?


Triton gets mining concession at Ancuabe

By: Esmarie Iannucci 6th May 2019 The Mozambique government has granted ASX-listed Triton Minerals a mining concession for its Ancuabe graphite project, paving the way for project development. “The board is extremely pleased with receive final government approval for Ancuabe. Mozambique has a long and proud history of mining and... ?


Hwange Colliery sees signs of hope despite widened 2018 loss

By: Simone Liedtke 6th May 2019 Despite achieving higher production and sales volumes for the year ended December 31, 2018, Zimbabwe-based Hwange Colliery’s financial performance worsened, with the miner’s loss for the year having widened by 79% to $78.4-million, from a loss of $43.8-million in 2017. The bigger loss was mainly... ?


Alto raises funds for drilling at Sandstone

By: Esmarie Iannucci 6th May 2019 ASX-listed junior Alto Metals has announced a A$2.6-million capital raise to fast track drilling at its Sandstone gold project, in Western Australia. The company placed some 56.87-million shares, at 3.6c each, along with one free attaching unquoted option, exercisable at 7c each for every two... ?


Echo raises A$15m for Yandal expansion

By: Esmarie Iannucci 6th May 2019 Gold hopeful Echo Resources will raise A$15-million through a share placement to fund its exploration growth strategy at its Yandal project, in Western Australia. The ASX-listed junior will raise an initial A$11.3-million through a first tranche placement of 87-million shares, at a price of 13c... ?


Arctic nations to meet amid tensions over environment, resources

By: Reuters 6th May 2019 Top diplomats from the US, Russia and other nations which border the Arctic meet in Finland on Monday to discuss policies governing the polar region, as tensions grow over how to deal with global warming and access to mineral wealth. Countries have been scrambling to claim territory or, like... ?


Arctic nations to meet amid tensions over environment, resources
WA leads the charge in Australia mining jobs growth

By: Esmarie Iannucci 6th May 2019 Demand for resource staff continues to grow across Australia, with new research by technology firm CoverCard finding that Western Australia has been leading the charge over the last three years. In research conducted on behalf of the Minerals Council of Australia (MCA), CoverCard found that... ?


Myanmar Metals outlines plan for Bawdwin starter pit

By: Esmarie Iannucci 6th May 2019 A prefeasibility study (PFS) into a Phase 1 starter pit at the Bawdwin polymetallic mine, in Myanmar, has revealed that it will be the world’s third-largest producing lead mine and the tenth largest silver mine, as well as being a significant zinc producer. ASX-listed Myanmar Metals on Monday... ?


WA miners contributed A$58bn to economy

By: Esmarie Iannucci 6th May 2019 New data from the Chamber of Minerals and Energy of Western Australia (CME) has found that the state’s resources sector had contributed more than A$57.7-billion to the Australian economy in 2017/18. In a survey of 41 Western Australian mining, oil and gas, energy and contractor companies, the... ?


Perseus board approves $265m Côte d’Ivoire gold mine

By: Esmarie Iannucci 6th May 2019 Dual-listed gold miner Perseus Mining has started the development of its Yaouré gold mine, in Côte d’Ivoire, after the board approved the $265-million development. Yaouré is expected to become a large-scale, low-cost gold mining operation producing an average of 215 000 oz/y over the first five... ?


Perseus board approves $265m Côte d’Ivoire gold mine
Leagold pencils in starting dates for growth projects

By: Mariaan Webb 6th May 2019 Vancouver-headquartered Leagold has announced the proposed scheduling for the expansion of its Los Filos mine and for the construction of the Santa Luz project, as it arranged $400-million in financing. Leagold’s development plan for the fully-funded Los Filos expansion, in Brazil, has been... ?


Leagold pencils in starting dates for growth projects
Los Filos in Mexico
ANC wants banks to be forced to fund South African coal mines

By: Bloomberg 6th May 2019 South Africa’s banks should be forced to invest in new coal mines in the country, the ruling African National Congress’s head of economic transformation said. Nedbank Group and Standard Bank Group have said “they are not going to put money in coal any more,” Enoch Godongwana said in an interview... ?


ANC wants banks to be forced to fund South African coal mines
Top copper miner says price slump won't last for long

By: Bloomberg 6th May 2019 he world’s largest copper miner has a word of advice to the bears in the market: the downtrend in prices won’t last long. While the metal headed for its biggest weekly loss since November after weaker factory gauges in China and the US fueled demand concerns, those fears weren’t grounded on... ?


Hudbay and Waterton settle board differences

By: Marleny Arnoldi 3rd May 2019 TSX-listed Hudbay Minerals announced on Friday that it had reached an agreement with shareholder Waterton Global Resource Management and that the two parties would put forward a slate of 11 board members for election at the upcoming shareholders meeting. The slate includes chairperson Alan Hibben... ?


Hudbay and Waterton settle board differences
Alan Hibben
Wesfarmers' soft bid for Kidman spotlights lithium's financing issues

By: Reuters 3rd May 2019 Wesfarmers's bid for Australia's Kidman Resources undervalues the lithium miner, analysts said on Friday, reflecting the financing difficulties the sector faces even as electric car makers warn of raw material shortages. Wesfarmers offered a 47% premium for Kidman, which is developing the Mount... ?



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