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Guinea: Mining firms will remain key target for anti-government protesters

March 22, 2018 / www.mining.com

The repeated instances of civil unrest during recent weeks offer yet more evidence that large numbers of Guineans hold the government in complete contempt amid mass school closures and controversy over the recent local elections. But among the numerous protests are renewed signs that many people also blame mining companies for the state's failure to contribute to their wellbeing. Anti-government s...Read More

Indonesia's Inalum expects to line up Freeport sale bank financing soon

March 21, 2018 / www.mining.com

Indonesia's state mining holding company, PT Inalum, expects to reach an agreement soon on bank financing to buy a controlling stake in the local unit of Freeport McMoran Inc, the holding company's chief executive said on Wednesday.Indonesia and Freeport have agreed in principle that the U.S. miner would divest 51 percent of its local unit with funding provided by Inalum for the purchase of the ri...Read More

Newcrest, Harmony joint venture in PNG to cost an extra $1bn upfront

March 19, 2018 / www.mining.com

Australia's Newcrest Mining (ASX: NCM) said that its Wafi-Golpu joint venture with Harmony Gold in Papua New Guinea will need a further $200 million cash injection to get built under improved plans.The updated feasibility study, released Monday, foresees a larger, $2.8-billion gold and copper project with mine wastes being piped into the ocean. Building the proposed mine had been previously expec...Read More

Workers at Idaho's Lucky Friday mine have been on strike for 370 days

March 18, 2018 / www.mining.com

Lucky Friday workers together with their families and union leaders marched on Saturday in Mullan, Idaho, to commemorate the one-year anniversary of the strike they initiated on March 13, 2017, to push for better labour standards.Lucky Friday, owned by Hecla Mining Company (NYSE: HL), is Idaho Silver Valley's largest underground silver mine. It began operating in 1942 and is expected to have anoth...Read More

Scientists create "kagome metal"

March 22, 2018 / www.mining.com

Physicists from MIT, Harvard University, and Lawrence Berkeley National Laboratory have produced what the call "a kagome metal" - an electrically conducting crystal, made from layers of iron and tin atoms, with each atomic layer arranged in the repeating pattern of a kagome lattice.In a paper published in Nature, the scientists explain that their creation was inspired by Japanese kagome baskets, w...Read More

Mining companies seek talks as Ivory Coast scraps tax exemption

March 20, 2018 / www.mining.com

(Bloomberg) - Mining companies in Ivory Coast called for talks with the government after it discontinued a tax exemption for industrial and commercial benefits.The measure would affect companies' "financial equilibrium" and could hurt foreign investment in the West African nation, an industry body representing the companies, known by its French acronym GMPCI, said in a statement published in the...Read More

Poland's KGHM targets rise in Chilean copper ore output

March 16, 2018 / www.mining.com

Polish copper producer KGHM said it expects daily copper ore output at its Chilean mine Sierra Gorda to increase by 18 percent next year from current levels.State-run KGHM acquired Chilean and Canadian copper deposits in 2011 when it bought Canada's Quadra FNX for $2 billion, the largest ever foreign acquisition by a Polish company.But a subsequent fall in copper prices and technical issues in sta...Read More

Kinross Gold receives the US mining industry's top safety certification

March 22, 2018 / www.mining.com

The National Mining Association (NMA) has recognized Kinross Gold Corporation for receiving independent certification under its CORESafety (R) system. Kinross, one of the leading gold mining companies in the world, is the eighth NMA member company to complete each step of this process."We congratulate Kinross on starting out 2018 with this noteworthy accomplishment in mine safety and health," sai...Read More

Three tonnes of dore bars strewn across runway at Russian airport

March 15, 2018 / www.mining.com

A 'An-12' airplane taking off after refuelling at an airport in Siberia lost almost 172 bars of gold/silver dore that fell to the ground after breaking through the loading bay fuselage. The bars, which originally came from Kinross' Kupol mine in Chukotka, northeastern Russia, weighted 20 kilos each and ended up scattered on the runway and the fields that surround the airport.According to local med...Read More

Liebherr to invest $45 million expanding footprint in US mining sector

March 23, 2018 / www.mining.com

Heavy equipment maker Liebherr's goal of becoming one of the top suppliers for the mining industry in North and South America seems to be a step closer, as the Switzerland-based company announced a $45 million-investment to grow its facilities in Virginia, US.The family-owned machinery maker, which has been manufacturing and operating in Newport News for over 48 years, said it's planning to start...Read More

Feast and famine in the global tin market(s): Andy Home

March 20, 2018 / www.mining.com

(The opinions expressed here are those of the author, a columnist for Reuters)By Andy HomeLONDON, March 20 (Reuters) - The last British tin mine closed in 1998.When South Crofty ceased operating, it brought the curtain down on two millennia of tin mining in the southwestern county of Cornwall.However, hope springs eternal in Poldark country, as the region has been dubbed after the hugely successfu...Read More

Lundin Gold announces approval and registration of Swedish Prospectus for US $400m private placement

March 19, 2018 / www.mining.com

VANCOUVER, British Columbia, March 19, 2018 (GLOBE NEWSWIRE) - Lundin Gold Inc. ("Lundin Gold" or the "Company") (TSX:LUG) (Nasdaq Stockholm:LUG) is pleased to announce that it has obtained the approval of and registration with the Swedish Financial Supervisory Authority (the "FSA") of a listing prospectus (the "Swedish Prospectus") for 93,497,140 common shares under the private placement announ...Read More

South Africa's Transnet signs new manganese deal with South32

March 22, 2018 / www.mining.com

CAPE TOWN, March 22 (Reuters) - South Africa's state-owned freight company Transnet has signed a new deal with manganese miner South32 to export 2.6 million tonnes a year of the mineral to European and Chinese markets, the companies said on Thursday.South Africa accounts for close to 75 percent of global manganese reserves, Transnet said. The firm, which operates nearly three-quarters of the Afric...Read More

This Rio sale may be more than Australia can swallow: Gadfly

March 19, 2018 / www.mining.com

(Bloomberg Gadfly) - If you're looking to sell something, it's a good idea not to look too desperate.Rio Tinto Group's Australian and New Zealand aluminum smelters have been on the block, on and off, for the past six years or so. The business, dubbed Pacific Aluminium, has got a for-sale sticker on it again: Rio Tinto has hired UBS AG to explore a possible initial public offering on the Austr...Read More

Condor Gold raises ?2.5 million as 2017 loss narrows

March 23, 2018 / www.mining.com

Shares in Condor Gold (LON:CNR) fell more than 2% in London on Friday after the Nicaragua-focused miner announced full year losses, partly offset by lower costs and impairments.The company, which also said it had raised ?2.5 million in a placing of about 5.1 million units to fund the final development stages of a processing plant at its La India gold project, said pre-tax loss dropped to ?3...Read More

Russian billionaire Potanin buys 2% of Nornickel from Abramovich

March 15, 2018 / www.mining.com

MOSCOW, March 15 (Reuters) - Russian billionaire Vladimir Potanin's Interros Holding said it had completed the purchase from businessman Roman Abramovich of a 2 percent stake in Norilsk Nickel, which has been the subject of a legal battle.Abramovich struck a provisional deal last week that allowed him to sell a 4 percent stake in Norilsk to fellow shareholders Potanin and aluminium producer Rusal,...Read More

Nova Scotia's Mining Association applauds Government push for a Mineral Resources Development Fund

March 21, 2018 / www.mining.com

"The Mineral Resources Development Fund is a smart, strategic investment in the future of our industry," said Sean Kirby, Executive Director of MANS. "The provincial government has made a series of important policy decisions in recent years that are helping our industry grow and create jobs for Nova Scotians. The government's support helped us open three major new mines in 2017, representing h...Read More

Canadian miner denounces illegal stoppage at Panamanian mine

March 15, 2018 / www.mining.com

Vancouver-based First Quantum Minerals (TSX:FM)(LON:FQM) denounced that some workers and leaders from an outside union have been carrying out protest actions since March 9, 2018, which have "reduced the level of work being performed on the [Cobre Panama] project."The information was provided by First Quantum in a media statement and also during a press conference held today by representatives of M...Read More

South Africa black ownership to roll out in May

March 20, 2018 / www.mining.com

Mining companies operating in South Africa, including Anglo American (LON:AAL) and Sibanye Gold (JSE:SGL) (NYSE:SBGL), may soon have to increase their black-owned stakes to 30%, from a previous 26%, but the government is promising to deliver "policy certainty" in return.Newly appointed Minister of Mineral Resources Gwede Mantashe said the key to regain investors and miners confidence in the South...Read More

Ex-banker's home said to be raided in UK Rio Tinto probe

March 15, 2018 / www.mining.com

(Bloomberg) - U.K. investigators raided the London home of a former investment banker to look for evidence connected with a bribery investigation into mining giant Rio Tinto Group, according to two people with knowledge of the matter.The Serious Fraud Office led the raid on Francois de Combret's home late last year, said the people, who asked not to be named because the details of the probe aren'...Read More

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