The briefing on mining
The latest news, trends and data from the mining industry
NEWS IN NUMBERS
$750m
Saracen Mineral Holdings will acquire half of Canadian Barrick Gold’s stake at the Super Pit mine in Western Australia for $750m (£579m).
99.43%
Arc Minerals has signed a binding sale and purchase agreement (SPA) with Century Capital Management with respect to the sale of its 99.43% stake in Casa Mining.
$686m
Russia’s oldest steel-making firm Magnitogorsk Iron & Steel PJSC (MMK) has announced plans to invest $686m in sustainable development projects.
$5.8bn
Copper and cobalt producer Katanga Mining has announced its plans to raise around C$7.6bn (approximately $5.8bn) under a discounted rights offering with parent organisation Glencore.
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Further reading: Mine workers demanded more protection before deadly Burkina Faso attack
Two people have alleged that they were present at a meeting five months before the Burkina Faso attack that saw workers beg managers to provide them with the same protections as expatriate workers and fly them to the mine site rather than go by road.
Source: Mining Weekly
PROJECT NEWS
Lundin Gold starts production at Fruta del Norte project in Ecuador
Mining firm Lundin Gold has inaugurated its Fruta del Norte gold mine in the Ecuadorean region and reported the commencement of production at the mine site. Lundin has already produced the first doré bar from the gravity circuit of the mine, following the receipt of the last two permits required to move into first gold production.
BlackEarth Minerals begins trial project in Madagascar
Australian mining company BlackEarth Minerals has announced the launch of a large-scale mining pilot programme at Maniry in southern Madagascar. The project has already shipped an initial 250kg of graphite to Beijing General Research Institute of Mining and Metallurgy’s (BGRIMM) facility in China, and is set to excavate an additional 60 tonnes of bulk material.
BOD recovers first diamonds from South African Marsfontein mine
Exploration and project development company Botswana Diamonds (BOD) has recovered first diamonds from its Marsfontein mine in South Africa. The diamonds were recovered from plant commissioning activities on the site.
Semafo suspends operations at Boungou mine in Burkina Faso
Gold miner Semafo has announced the suspension of operations will continue at its Boungou mine in Burkina Faso until security is fully assured. The mine has remained closed after an attack on a convoy of the Canadian miner’s workers left 39 dead.
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