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IRON-ORE

Kumba providing helping hand to up-and-coming BEE iron-ore juniors Video Available

South Africa’s biggest iron-ore mining company, Anglo American’s JSE-listed Kumba Iron Ore, is lending a helping hand to up-and-coming black economically empowered (BEE) iron-ore juniors in the Northern Cape and Limpopo provinces. Kumba CEO...
22nd July 2014
 
IRON-ORE

Kumba revenue up on rand weakness, dividend maintained

The operational profit of JSE-listed Kumba Iron Ore fell 14% in the six months to June 30 on lower exports and the cost of increased mining activities. But revenue was up mainly on currency weakness and Kumba maintained its interim cash dividend...
22nd July 2014
 
IRON-ORE

Indian chamber opposes hike in mineral royalty rate

Indian industry representative body, the Associated Chamber of Commerce and Industry (Assocham), has opposed government’s move to hike royalty rates to 15% from 10% at present. Assocham has claimed that an increase in royalty rates would be...
21st July 2014
 
All

Araguaia nickel project, Brazil Restricted

Horizonte Minerals has shown sturdy economics for the Araguaia project.
18th July 2014
 
Gold

South African strike won’t affect global mining performance

While South Africa remained the world’s largest platinum producer, industrial action in the local platinum sector – which lasted for five months and the longest in South African history – will not affect the market capitalisation of the...
11th July 2014
 
GOLD

Noko suggests more frequent home visits for migrant miners

Consideration should be given to the restructuring of shifts to allow migrant mineworkers from distant areas to go home more frequently, says AngloGold Ashanti executive VP sustainability David Noko. Noko, who has headed AngloGold’s social and...
10th July 2014
 
FINANCE

Regulatory intervention into executive pay levels may be ‘disastrous’

As the issue of the pay gap between top executives and entry-level workers became more prominent, regulatory intervention into the matter was becoming more likely; however, advisory firm PwC warned that this could have undesired consequences....
9th July 2014
 
IRON-ORE

SAFM eyes adjacent property

Junior miner South American Ferro Metals (SAFM) has signed a memorandum of understanding (MoU) with the owners of a property adjacent to its Ponto Verde iron-ore project, in Brazil. The MoU set out the fundamentals for negotiations around a...
9th July 2014
 
EXPANSION PERMITTING

Eldorado Gold stock rallies on positive Kisladag expansion EIA decision

The TSX-listed stock of Canadian low-cost gold producer Eldorado Gold this week rallied after the company received a positive environmental-impact assessment (EIA) decision from the Environment and Urbanisation Ministry of Turkey for its proposed...
27th June 2014
 
ENVIRONMENT

Brazil court revokes licence for Canadian gold mine in Amazon

Volta Grande, Brazil. A federal court has revoked the environmental licence for a massive gold mine planned by Belo Sun Mining on the Xingu River in the Amazon, ruling that the company had failed to assess the impact on local indigenous communities. The ruling...
26th June 2014
 
VANADIUM

Largo Resources bullish on supplying world from vanadium crown jewel

President and CEO Mark Brennan. Having started to feed vanadium concentrate into the heated kiln at its Maracas vanadium project in Bahia, Brazil, Canadian miner Largo Resources is bullish on supplying a significant chunk of the growing global demand for the steelmaking...
26th June 2014
 
CORPORATE ACTIVITY

Kenmare rejects Iluka takeover bid

London-listed Kenmare Resources has rejected a proposed takeover offer by Australian mineral sands miner Iluka Resources. Iluka told shareholders that it had approached Kenmare regarding the potential combination of the two companies, but said it...
26th June 2014
 
 
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