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PROJECT PERMITTING

Peru says to issue final permit for Southern Copper mine in days

Peru said on Thursday it will issue the long-awaited environmental permit for Southern Copper's Tia Maria project by Monday, removing the final hurdle to construction on the stalled $1.4-billion project. Deputy Mines Minister Guillermo Shinno...
1st August 2014
 
IRON-ORE

Brazil's Vale profit falls; prices undermine record output

Brazilian miner Vale posted a sharp decline in profit from the previous quarter as lower iron-ore prices undermined record production of the steel-making ingredient. Vale, the world's largest producer of iron ore, reported second-quarter net...
1st August 2014
 
Mine Profile

Alamo Dorado mine, Mexico

A silver mine located 45 km south-southeast of the town of Alamos, in the south-east corner of the state of Sonora, near the border of Sinaloa, in north-west Mexico.
1st August 2014
 
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Bissett Creek graphite project, Canada Restricted

An updated preliminary economic study indicates that the Bissett Creek project has very attractive economics even at or below current depressed graphite price levels.
1st August 2014
 
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Boikarabelo coal project, South Africa Restricted

Resource Generation is undertaking the development of some projects at its Boikarabelo mine, while it works to find a new earthworks contractor for the operation.
1st August 2014
 
EDITORIAL INSIGHT

Cutifani backs Cyril’s strike ballot, gold refinery gets financial help, Amplats backs mechanised mines

The enforcement of strike ballots is on the cards; gold mining companies have come the financial aid of the Rand Refinery; and Anglo American Platinum is entering a mechanised era.
1st August 2014
 
Gold

Gold miner increases production, cuts costs

CRIPPLE CREEK & VICTOR MINE
AngloGold Ashanti continues to invest in its US-based gold mine
Gold mining major AngloGold Ashanti increased production by 17% and decreased production costs by 22% in the first quarter of this year, according to a press statement that also revealed the company’s adjusted headline earnings to be...
1st August 2014
 
Gold

Gold miners need to focus on cost accounting

ANDY CLAY
Cost accounting enables mining companies to identify the different costs associated with different grades and other mining parameters
With gold mining companies looking for ways of reducing costs amid the recent price decline, implementing area cost accounting analysis will help mining companies that do not already use this information to identify the profitable and...
1st August 2014
 
FERROUS METALS

Iron-ore price slide to continue to 2017 – Wood Mackenzie

IRON POTENTIAL
Wood Mackenzie forecasts significant growth for Australian and South American iron-ore production
The iron-ore price dropped to below $100/t last month, and international research firm Wood Mackenzie forecasts that the price will continue to drop to below $90/t in real terms until 2017, before some light is expected to appear at the end of the...
1st August 2014
 
Mining Personality

Louw Smith

Main Activity of the Company: Nordgold is a pure-play emerging-markets gold producer established in 2007. In 2013, Nordgold’s nine mines, located in the Commonwealth of Independent States and West Africa, produced 924 400 oz of gold Date and...
1st August 2014
 
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Makabingui gold project, Senegal Restricted

Bassari Resources is considering several options to fund the development of the project.
1st August 2014
 
ENERGY MINERALS

Mozambique coal projects set to change hands while Maputo ponders aid to sector

It has been reported from New Delhi that India’s International Coal Ventures Private Limited (ICVL) was set to buy 65% of the Benga coal operation in the Tete province of Mozambique as well as two other coal projects – Tete East and Zambeze...
1st August 2014
 
 
Topic Multimedia
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Sibanye Gold set to pay R1bn-a-year minimum... Video
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Right Eskom price will trigger R10bn Waterberg... Video
Kumba’s cash return to black shareholders Video
Mining project studies on the increase – DRA Video
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Kumba’s cash return to black shareholding now... Video
Kumba providing helping hand to up-and-coming... Video
Amplats capitalising mechanised mines, may... Video
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Underground coal gasification has key... Audio
WDC hopes to resolve Zim diamonds... Audio
Anooraq focusing on doubling output... Audio
Tanzania's Jengo wants mine listings... Audio
Wits Gold plans to move De Bron into... Audio
London Mining expects iron-ore prices... Audio
Tungsten-miner Malaga mulls 2nd mill,... Audio
Kebble R1bn unlocked as... Audio
Geovic confident on Cameroon cobalt... Audio