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Canada’s First Cobalt hoping to seal DRC  exploration deal by next month Canada’s First Cobalt hoping to seal DRC exploration deal by next month
Published: 21 Jul 17
Cobalt asset group First Cobalt aims to close the transaction of a strategic alliance for a 70% interest in seven prospective copper/cobalt exploration properties in the Democratic Republic of the Congo (DRC) by next month and progress exploration in one of the world’s “high-reward cobalt jurisdictions”. The seven properties cover 190 km2 on the Central African Copperbelt, in Katanga, all with known surface mineralisation. The properties are also close to several major copper/cobalt operations and projects in the Copperbelt region. Five of the properties form a cluster, located 50 km north-east of Lubumbashi, and are central to existing smelters and refineries.
Lack of confidence in black businesses cripples development  Lack of confidence in black businesses cripples development
Published: 21 Jul 17
Materials handling and alternative mining solutions expert Ncamiso Mining is expanding its presence in Welkom, where it sees strong potential to grow and support local black-owned and black economic-empowerment (BEE) entities across the various needs of their operations in the area. However, unlike Ncamiso, large mining majors are not as eager to deal with BEE suppliers, owing to their lack of confidence in the abilities of black-owned and -managed companies, says Ncamiso Mining MD Fikile Mashinini.
Demand influence of a low-carbon future Demand influence of a low-carbon future Has Video
Published: 20 Jul 17
The World Bank has released a report on the potential impacts that the expected continuing boom in low-carbon energy technologies will have on demand for many minerals and metals. Mining Weekly editor Martin Creamer joins senior deputy editor Tracy Hancock in studio to discuss this further.
Industry retaliates, dismisses Zwane's proposed moratorium as 'unlawful' Industry retaliates, dismisses Zwane's proposed moratorium as 'unlawful'
Published: 20 Jul 17
An outraged Chamber of Mines (CoM) has dismissed Mineral Resources Minister Mosebenzi Zwane’s proposed moratorium on new mining right applications as “unlawful”, owing to the damage that the proposal might inflict on the embattled mining sector and because, according to the chamber’s legal team, Zwane is acting ‘ultra vires’, or beyond his powers, under the Mineral and Petroleum Resources Development Act (MPRDA). Zwane on Wednesday gazetted a proposal to restrict the granting of any new applications for prospecting or mining rights and the processing of applications for the renewal of prospecting or mining rights until the High Court delivers its judgment on an urgent interdict, lodged by the CoM, to have the third iteration of the Mining Charter (Mining Charter 3) set aside.
Sharp Pan African gold production rise on way Sharp Pan African gold production rise on way
Published: 20 Jul 17
Gold-mining company Pan African Resources is looking forward to a much improved performance in 2018 with a substantial increase in gold production. The group’s gold production guidance for the financial year ending June 30, 2018, is 190 000 oz-plus, a 10% increase on 2017 gold production.
Kumba raises Sishen FY production guidance
Published: 20 Jul 17
Kumba Iron Ore has raised the full-year production guidance for its Sishen mine, in the Northern Cape, to 28-million to 29-million tonnes, owing to the solid and consistent performance and ongoing improvements at the mine. The mine produced 7.9-million tonnes of iron-ore in the second quarter of the year, ended June 30, a 38% year-on-year increase.
Caledonia lowers FY17 output target on infrastructure constraints
Published: 20 Jul 17
Canadian gold miner Caledonia Mining has reduced its full-year production target to between 52 000 oz and 57 000 oz of gold, from the previously targeted 60 000 oz. The company’s Blanket mine, in Zimbabwe, produced 12 522 oz of gold in the quarter ended June 30, compared with the 12 510 oz produced in the second quarter of the previous year.
Black Iron reinvigorates Ukraine iron-ore project on favourable exchange rate Black Iron reinvigorates Ukraine iron-ore project on favourable exchange rate
Published: 20 Jul 17
Canadian explorer and developer Black Iron will develop a new preliminary economic assessment (PEA) for its Shymanivske iron-ore project, in Ukraine, to take into account the favourable exchange rate and a phased development plan. Instead of a 9.9-million-ton-a-year operation, as considered in the 2014 feasibility study, the PEA will be based on a scaled down, yet expandable design, starting with a four-million-ton-a-year operation.
Diamond output leap helps Anglo Diamond output leap helps Anglo
Published: 20 Jul 17
A sharp rise in rough diamond production at a time of stable diamond trading conditions has boosted diversified mining company Anglo American in the three months to June 30, when overall production was 8% up on a copper-equivalent basis. Rough diamond production increased by 36% to 8.7 million carats, with production in Canada reporting a nigh sixfold rise to one-million carats on the Gahcho Kué mine’s ramp-up, with production at De Beers Consolidated Mines in South Africa jumping 71% to 1.4-million carats on higher grades at the Venetia diamond mine in Limpopo. 
EU court upholds asset freeze on Central African diamond traders
Published: 20 Jul 17
An EU court on Thursday upheld the bloc's freeze on the funds of two companies charged with trafficking in conflict diamonds and supporting armed groups in the Central African Republic. In 2015, the European Union decided to block the European assets of Badica, a large diamond trading firm in the Central African Republic, and its Belgian unit Kardiam.
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