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Henry Lazenby

Henry Lazenby

Henry Lazenby is Contributing Editor: Americas – Online for Mining Weekly.

Tel: +27 11 622 3744 / +1 647 352 1305

Email: newsdesk@engineeringnews.co.za / henry@miningweekly.com

 

Goldsource Mines starts construction of its Guyana flagship

6th March 2015 TSX-V-listed Goldsource Mines has started construction of its $5.9-million Eagle Mountain gold project, in Guyana. The first phase of the openpit mine project entailed building a 1 000 t/d gravity plant, which was expected to deliver gold at a cash operating cost of $480/oz over the eight-year... 

Nevada Zinc starts trading on TSX-V under new name, ticker

6th March 2015 Explorer Goldspike Exploration on Friday started trading on the TSX-V under its new name, Nevada Zinc, and a new ticker symbol, ‘NZN’. The company has completed a vertical amalgamation between Goldspike its former subsidiary Nevada Zinc. 

Walter Energy stands to lose New York listing

6th March 2015 Metallurgical coal producer Walter Energy could lose its NYSE-listing after the exchange notified the ailing company that its common stock did not currently satisfy one of the NYSE's continued listing standards. The NYSE required that the average closing price per share of a listed company's... 

Canada tops mining-deal volume list in 2014 – EY

6th March 2015 Canada was the most prolific buyer of mining and metals assets in terms of volume last year and a close contender in terms of value. Despite that, overall deals globally continued to decline on both a volume and value basis in the sector compared with 2013, advisory firm EY said this week. “A few... 

Kenya to embark on massive exploration campaign to spur mining investment, economic development

6th March 2015 With a new regime in power, Kenya is rearing to embark on a $70-million State-sponsored exploration drive to spur mining investment and the inevitable economic development that follows mining progress. Kenya’s first Cabinet Secretary for Mining, Najib Balala, told Mining Weekly Online that with a... 

PDAC to build on 'constructive activities' of 2015 convention

5th March 2015 The Prospectors and Developers Association of Canada (PDAC) looks forward to building on the constructive activities that occurred at its 2015 convention, which attracted  23 578 attendees from more than 100 countries. “The provincial and federal governments in Canada are important partners in... 

Tungsten industry in transition as China's competitiveness wanes

5th March 2015 Despite China having not yet made significant inroads into securing tungsten supply from outside its borders, it might only be a matter of time before teh country did, providing the incentive investors are looking for to finance several shovel-ready projects. Tungsten, or wolfram as it is also... 

Despite ‘complete crisis’ in gold industry, Randgold remains buoyant at low prices

5th March 2015 With a ten-year plan in hand that would ensure Africa-focused gold producer Randgold Resources would remain profitable at a gold price of $1 000/oz, CEO Mark Bristow on Wednesday accused the company's peers for having done a horrible job in recent years. Speaking during a breakfast presentation... 

Zinc market to reach ‘pinch point’ in 2016/17 as mine closures outweigh new output

4th March 2015 Profit margins for zinc miners will probably rise strongly over the next five years, boosted by expected price increases on the back of a widening supply deficit. According to advisory firm Wood Mackenzie (Woodmac) analyst Jonathan Leng, the next two years, 2016 and 2017, represented the “pinch... 

Africa ready to break the paradox of being primary, yet poorest, mining location

4th March 2015 Despite the commodity price collapse, Africa was ready to participate as a host continent to the global mineral extraction industry, South African Mineral Resources Minister Advocate Ngoako Ramatlhodi told the Canada-Southern Africa Chamber of Business's sixteenth Annual African Mining Breakfast... 

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