Mining company to expand manufacturing plant
Clariant Mining will spend $3.5 million to upgrade its Australian chemical plant. According to the company it is planning to increase the production of PIBSA emulsifiers through the expansion of ...
View ArticleMetals Stocks Gold heads lower for a third-straight session
SAN FRANCISCO (MarketWatch) -- Gold futures headed lower Friday, poised for a nearly 2% loss on the week as prices looked to extend their decline to a third-straight session, drawing little ...
View ArticleManufacturing job losses fuelled by uncertainty in mining industry
The mining industry’s instability has flowed onto engineering and manufacturing sectors causing job losses in small and medium enterprises. Three-quarters of 100 small and medium businesses ...
View ArticleMining sector globally under strain
It is easy to come to the conclusion that South Africa has become an unpopular mining destination if one looks at the country in isolation. But reports and data suggest that many of the challenges ...
View ArticleAnglo reports slump in platinum iron ore nickel output
South Africa for the December quarter.Anglo American said equivalent refined platinum production for the three months ending December 31 dropped 29% to 416,000oz compared to the December quarter in ...
View ArticleXstrata confirms Las Bambas spend of US$5.2bn
Chinese regulator.Analysts at Liberum Capital said the Las Bambas disclosure should allay any fears of a "capital expenditure blowout"."Nevertheless, we don't rule out ...
View ArticleZimbabwe orders diamond fraud probe as election looms
's ZANU-PF party has told police to investigate five provincial leaders accused of swindling nearly a million dollars from diamond mining companies, an apparent image clean-up ahead of elections ...
View ArticleAnglo American reports mixed bag Q4 production
JOHANNESBURG (miningweekly.com) – Diversified mining major Anglo American on Friday reported solid increases in its fourth-quarter output of export metallurgical coal, export thermal coal, ...
View ArticleMining juniors in crisis – gold explorers particularly badly hit
The junior gold mining and exploration sector is currently at a very low ebb - but the better juniors will survive regardless and now provide tremendous opportunities for the savvy ...
View ArticleGhana to start domestic gold refining after century of mining
The project comes as Ghana seeks to get more out of its natural resources by increasing domestic processing of minerals and commodities, most of which are exported ...
View ArticleXstrata Copper confirms $5.2bn estimate for Peru project
JOHANNESBURG (miningweekly.com) – The copper division of diversified miner Xstrata on Friday confirmed the definitive estimate of its Las Bambas greenfield project, in southern Peru, at ...
View ArticleStrikes contribute to 41 drop in Amplats’ Q4 output
JOHANNESBURG (miningweekly.com) – Equivalent refined platinum production from JSE-listed Anglo American Platinum’s (Amplats’) operations fell by 41% year-on-year to 230 000 oz ...
View ArticleCoAL shareholders approve $100m HEI investment
JOHANNESBURG (miningweekly.com) - The $100-million investment in ASX-, Aim- and JSE-listed Coal of Africa Limited (CoAL) by Hong Kong-based Haohua Energy International (HEI), a wholly owned ...
View ArticleBaja Mining receives $115m advance for Boleo project
JOHANNESBURG (miningweekly.com) – Beleaguered TSX-listed Baja Mining has been advanced an additional $115-million by the Korea Resources Corporation (Kores) for the continued construction of ...
View ArticleFirst Majestic Silver reports first production at Del Toro
JOHANNESBURG (miningweekly.com) – Toronto- and New York-listed First Majestic Silver on Friday reported that production had started at its Mexico-based Del Toro silver operation, which was ...
View ArticleHonduran Congress ends mining projects moratorium
TEGUCIGALPA - Honduras' Congress passed a law that ends a moratorium on mining permits on the condition that the villages affected by potential projects decide whether to back them. The ...
View ArticleSilvercorp faces class action lawsuit based on anonymous letters
JOHANNESBURG (miningweekly.com) – TSX- and NYSE-listed Silvercorp Metals on Friday slammed the allegedly false allegations used against the company in a class action lawsuit in New York. The ...
View ArticleRio Alto to get significant stakes in South American projects
JOHANNESBURG (miningweekly.com) – TSX-V-listed Duran has signed a definitive agreement allowing Rio Alto Mining to earn stakes in two South American-based projects. Duran’s potential ...
View ArticleKaroon Strikes Oil Offshore Brazil with Kangaroo-1 Exploration Well
Karoon Gas revealed Friday that it has made an oil discovery in its Kangaroo-1 exploration well, in the Santos Basin offshore Brazil. Mudlog, wireline petrophysical and MDT pressure data confirmed ...
View ArticleMorocco signs up Chevron for offshore engergy exploration
Morocco’s energy monopoly has signed accords with Chevron for exploration in three areas of the Atlantic Ocean. Under the agreements, Chevron’s Moroccan subsidiary would begin seismic ...
View Article