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Orinoco/AngloGold Ashanti JV kicks off
Published: 23 Jan 19
ASX-listed Orinoco Gold and fellow-listed AngloGold Ashanti have kicked off an exploration joint venture (JV) in Brazil. The JV was signed in early 2017 to establish a regional exploration JV over Orocobre’s Fiana goldfields project, which encompasses the tenements around the company’s Cascavel gold mine.
Kalium Lakes gets enviro nod for Beyondie
Published: 23 Jan 19
ASX-listed Kalium Lakes has received environmental approval for its Beyondie sulphate of potash (SOP) project, in Western Australia. The environmental approval covers the Stage 1 area of the Beyondie project, which is based on the base case production of 164 000 t/y of SOP over a mine life of 30 years.
Gold Fields denies interest to merge with AngloGold Ashanti Gold Fields denies interest to merge with AngloGold Ashanti
Published: 23 Jan 19
JSE- and NYSE-listed Gold Fields has denied that it wants to merge with its competitor AngloGold Ashanti, stating that an article published by Bloomberg on Tuesday was factually incorrect. Bloomberg quoted a person familiar with the matter as saying Gold Fields wanted to merge with AngloGold as the mining industry is experiencing a wave of consolidation.
PTM to raise $4m for Waterberg DFS
Published: 23 Jan 19
TSX- and NYSE-listed Platinum Group Metals (PTM) intends to sell up to three-million common shares at $1.33 apiece for gross proceeds of up to $4-million. The company intends to use the proceeds for its share of remaining costs to complete a definitive feasibility study (DFS) on the Waterberg palladium and platinum project, in South Africa, and for working capital purposes.
First Quantum Minerals scraps plan to cut jobs in Zambia
Published: 23 Jan 19
Canadian mining firm First Quantum Minerals says it has ended plans to layoff 2 500 workers in Zambia due to higher tax plans and will continue to dialogue with the government over the issue. "First Quantum will not now proceed with the planned lay-off of any Zambians involved in its production activities," the company said in a statement on Tuesday, adding that it may reduce its workforce involved in capital projects.
Detour’s 2019 production guidance builds on 2018’s momentum Detour’s 2019 production guidance builds on 2018’s momentum
Published: 23 Jan 19
Canadian intermediate gold miner Detour Gold expects to produce between 570 000 oz and 605 000 oz of gold in 2019, the company announced on Tuesday, stating that the guidance was in line with the Detour Lake operation’s life of mine (LoM) plan released in June last year. Newly appointed interim CEO Bill Williams said in a statement that the company continued to build on the momentum of the operational initiatives that COO Frazer Bourchier had put in place last year.
Kganyago says midpoint target allows for shocks Kganyago says midpoint target allows for shocks
Published: 23 Jan 19
South Africa’s central bank is seeking to anchor inflation at the midpoint of its target range of 3% to 6% to allow flexibility to deal with price shocks, Reserve Bank Governor Lesetja Kganyago said. While risks to global economic growth are “without a doubt” a dominant concern and the domestic inflation outlook is largely “contained,” it’s important to bring inflation expectations closer to 4.5%, he said in an interview with Bloomberg TV in Davos.
Tanzania to cancel licenses for undeveloped mineral sites
Published: 23 Jan 19
Tanzania intends to cancel permits for mineral sites belonging to large-scale miners that remain undeveloped and will allocate the licences to smallholders, President John Magufuli said. The announcement comes amid a tax dispute between the state and Acacia Mining, in which the government is demanding $190-billion in penalties, after claiming the company had under-declared export revenue since 2000.
Mineworker killed in fall-of-ground incident at Harmony's Phakisa mine
Published: 22 Jan 19
A mineworker at Harmony Phakisa's gold mine, in Welkom, was killed in a fall-of-ground incident on Tuesday. An investigation into the accident is under way.
Guyana Goldfields sets meeting date to discuss Sheridan dissidents
Published: 22 Jan 19
TSX-listed Guyana Goldfields will hold a special meeting of shareholders on May 22, alongside its yearly general meeting, to discuss matters related to its former chairperson Patrick Sheridan. A meeting was requisitioned by a group of dissident shareholders, led by Sheridan, who was terminated from his position by the board on July 30, 2018.
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