South African mining services firm Master Drilling has identified opportunities in new international markets after challenging conditions in its home market contributed to modest revenue growth in the first six months of the year. The group reported a 3.8% increase in revenue to US$70 million in the...
ASX-listed Australian Vanadium has been given ‘major project status’ by the Australian federal government for its flagship deposit, located in Murchison Province, Western Australia. The granting of ‘major project status’ lasts for three years and provides formal recognition of the national strategic significance of the Australian...
TSX-listed miner Teranga Gold has poured gold for the first time at its Wahgnion project in Burkina Faso. The mine is Teranga’s second gold operation in West Africa after the Sabodala mine in Senegal, and achieved first gold production two months ahead of schedule. This is...
Nickel prices reached a five-year high yesterday after the Indonesian government said it would ban exports of the metal in 2020, as it looks to expedite the development of a domestic smelting industry. The announcement by the world’s second largest nickel ore exporter ramped up fears...
Sibanye-Stillwater is having discussions with AngloGold Ashanti over the potential acquisition of the world’s deepest gold mine, with the latter planning to leave the South African mining sector. A Sibanye spokesperson confirmed the talks on Thursday, following an announcement by Anglo in May that it would...
AIM-listed miner Scotgold Resources has estimated ‘significantly improved’ returns from its Cononish gold and silver project in Scotland, in light of recent improvements in the gold price. In a project update, Scotgold said it had re-estimated its life of mine financial model for Cononish, with the...
Fortescue Metals Group (FMG) made a record $3.19 billion in profit in the 12 months to end June, enabling it to pay out a bumper dividend of AUS$1.14. Surging iron ore prices over the last year helped the Australian iron ore miner more than double its...
Mining companies operating in Mali will lose their right to value-added tax exemption during production, amongst other regulatory changes contained in a new mining code announced by the Mines Ministry. The new code in Mali will also shorten the ‘stability period’ during which miners’ existing investments...
Queensland-based coal miner Fitzroy Australia Resources has announced a partnership with software company Commit Works to introduce digital planning and short interval control at its Carborough Downs mine in the Bowen Basin. The technology partnership will facilitate better coordination of work across the site and contribute to...
BHP’s chief executive Andrew Mackenzie has warned that the rising tide of nationalist sentiment poses a threat to global economic growth and mining sector profitability, despite the company reporting a 2% rise in underlying profit for the full year 2019 and declaring a record dividend. The...