Platinum Mining Giant Says South Africa Running Out of Time

By Felix Njini South African President Cyril Ramaphosa may be running out of time to enact the reforms required to attract significant investments in the country’s mining industry. That’s the fear expressed by Sibanye Gold Ltd. Chief Executive Officer Neal Froneman, who prefers to look at opportunities in West Africa, the Americas and Australia. The risks of doing business in his home country will increase should weak economic growth and ballooning government debt be compounded by the loss of South Africa’s last investment-grade credit rating, he said. “There has been a distinct lack of turnaround, if anything we have gone backward,” Froneman said in an interview before executives gather in Cape Town on Monday for Africa’s biggest mining conference. “To be clear and blunt, he

Pure Gold Mining shines as it hits high-grade gold during drilling at Red Lake mine

By Calum Muirhead Pure Gold Mining Inc (LON:PUR) (CVE:PGM) shares shined in London on Tuesday after the dual-listed Canadian miner hit high-grade gold intersections during exploration drilling at its Red Lake mine in Ontario. The company said the results suggested “strong mine continuity and the potential for mining stope expansion” and will be integrated into short-term mine planning. To read more:

Welsh slate mining landscape nominated as world heritage site

By Steven Morris An extraordinary landscape shaped by many centuries of slate production has been nominated by the UK government for Unesco world heritage status, a distinction enjoyed by sites such as the Taj Mahal, the Great Wall of China and Stonehenge. The production of slate in Gwynedd, north-west Wales, has left a landscape dotted with underground workings, terraces cut into hillsides, grey, towering tips and bright blue pools, all nestling within mountains and woodland. It includes cottages for quarrymen and their families, chapels, band-rooms, libraries, great houses for the wealthy industrialists and railways that in their day were great feats of engineering. To read more:

Raša Coal Mines Still Danger to Environment Years After Mining Stopped

 By HINA ZAGREB, January 20, 2020 - The Istrian coal mines in Raša can have a negative impact on local food production, despite the fact that mining in the area stopped many years ago, a group of scientists warns in the International Journal of Coal Geology. "The most important outcome of this study is the fact that it has undoubtedly confirmed that Raša coal is being leached away by underground water, which contaminates the local environment with a number of potentially toxic trace elements," reads an article recently published in the International Journal of Coal Geology. The study lists selenium, barium, vanadium, uranium, and strontium as the toxic trace elements found in studied samples. The authors of the study emphasize the importance of further

Why Brazil’s mining sector will thrive in the coming years

By Bnamericas The Brazilian mining industry is likely to attract a large amount of investments through 2023 and also see an increasing participation of junior mining firms. That is the view of Flavio Penido, who is head of Brazilian mining institute Ibram. In the interview with Penido, BNamercias also asked the expert about potential new mining opportunities on indigenous lands and in pre-salt areas, as well as the impact that the Brumadinho tradegy has had on the industry. To read more:

Amid widespread environmental fallout, where does China’s metal mining sector go from here?

By The MetalMiner Team  nvironmental damage caused by mining and refining processes like smelting are not uncommon. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! In the last two years alone, one site lists 10 major tailings dam failures alone; environmental damage from tailing ponds is only the thin end of the wedge when it comes to the wider remit of potential environmental consequences arising from mineral extraction. Yet not one of those events listed was in China, despite half the world’s metals being refined and produced there, and a sizable proportion of the world’s mines being in China. Why is that? Is it because these incidents don’t happen in China? I think we know that’s not the

Are Silver Mining Stocks Attractive amid a Bullion Rally?

ByVineet Kulkarni Gold stole the focus recently as investors took shelter under traditional safe-haven investments. Because commodities generally have a low correlation with the equity markets, they act as a hedge against a market downturn. Along with some prominent gold names, top silver stocks have also had a steep rally recently. Gold prices have been rallying since last December, which drove gold mining companies as well. Silver has also shown a decent uptrend since December. Easing trade relations with China was one of the important factors driving silver prices. Could silver miners see similar movement going forward? To read more:

Europe looks home for new mining opportunities

By Dave Keating As EU policymakers worry about global tensions threatening raw material imports, one option could be getting more from their own backyard. When Europeans think of mining, they may think of an old-fashioned activity from another era. Over the past 50 years mining activity in the European Union has gone from being a very visible driver of European economic growth to an activity that is more out of sight and out of mind. But with raw material access coming into question, mining in Europe may be coming back into the spotlight. Today, the EU imports most of the materials it uses rather than mining them itself. It is a net importer of raw materials, in which it has had a trade

Brazil: mining company agrees to compensation for 17.000 relocations in a capital city

Brazilian petrochemical producer Braskem SA has agreed to a 2.7 billion reais (US$ 667 million) settlement with federal and state authorities in the northeastern state of Alagoas to cover damage caused by a salt mining project there. Preferred shares in the company surged as much as 8% on the news, to a five-month high and on track for their biggest one-day gain since May 20, as investors breathed a sigh of relief that the amount of damages to be paid was not higher. The rise goes some way to reversing losses of 35% suffered by the stock last year. According to a securities filing on Friday, 1.7 billion reais is for financial compensation and relocation of some 17,000 people in the state capital

Mining City History: Heinze’s speech fails to stem tide of Amalgamated Copper

By Richard I. Gibson Until the early 1900s there were many mining companies in Butte, with the Amalgamated (later the Anaconda Company) owning the lion’s share of mines. F. Augustus Heinze challenged that ownership by using the “law of the apex,” which said wherever a vein reached the surface, that surface owner owned the vein wherever it ran in the subsurface. The case of the Minnie Healey Mine was settled in Heinze’s favor in late October 1903, with Judge William Clancy essentially declaring Amalgamated’s operations illegal. The Company’s response was to shut down all its businesses in Montana, especially the Butte mines. At least 15,000 workers were out of work, with winter coming on. To read more: