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Henry Lazenby

Henry Lazenby

Henry Lazenby is Creamer Media Deputy Editor: North America for Mining Weekly.

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

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

 

Encanto hits jackpot with direct-selling offtake agreement with Indian farmers’ coop

19th January 2017 The potash market on Thursday reverberated with the news that junior project developer Encanto Potash has struck a definitive offtake agreement with an India-based farmers’ coop for a minimum of five-million tonnes a year for at least 20 years, cutting out the middle man and selling direct to... 

Cameco stock nosedives on $180m to $220m impairment warning

19th January 2017 The NYSE-listed stock of senior Canadian uranium miner Cameco on Wednesday fell 19% to C$10.71 apiece after the company reported late Tuesday that it expects to book impairment charges for the full-year ranging between $180-million and $220-million. In what has been an exceptionally difficult... 

Moody’s base metals optimism rises despite seeing price fall back this year

19th January 2017 Market analyst and ratings agency Moody’s Investors Service has adjusted upwards its pricing sensitivities for base metals in 2017, but says despite the recent run-up in base metal prices not being sustainable, some of the positive sentiment will remain. Moody’s said Wednesday it expected the... 

Primero hits lowered 2016 guidance, concern over cash position grows

18th January 2017 Precious metals producer Primero Mining has met its revised lower guidance of 170 000 gold-equivalent ounces (GEOs) to 190 000 GEOs for 2016, producing 176 139 GEOs in the 12-month period. Industry-benchmark comparable all-in sustaining costs (AISC) came in at $1 326/oz, beating the revised... 

Great Lakes Graphite looks at steady 2017 sales as it prepares to ship three new orders

18th January 2017 Graphite junior Great Lakes Graphite has received three new orders for 60 t of micronized graphite from the same US-based customer that bought 420 t of the carbon allotrope in 2016. “We are continuing to work towards the establishment of a supply agreement and are pleased to continue to conduct... 

Diamcor to double near-term output as trial mining continues

18th January 2017 Canada-based project developer Diamcor Mining expects to more than double diamond production at its Krone-Endora at Venetia project, in South Africa’s Limpopo province, and treat all material from 1 mm to 45 mm size fractions moving forward, after acquiring, installing and commissioning several... 

Exploration partners Nevada Sunrise, Advantage start Phase 2 exploration at Clayton NE

18th January 2017 Following the successful first phase of exploration drilling at the prospective Clayton NE lithium property, in Nevada, exploration partners Nevada Sunrise Gold and option holder Advantage Lithium have started a second phase of drilling on the property. Located next to North America’s only... 

First Majestic sees lower 2017 output as it prepares for growth in 2018 and beyond

18th January 2017 Precious metals producer First Majestic Silver expects to produce about 6% less gold this year than in 2016, as it prepares for significant production growth in 2018 and beyond, the company said Tuesday. During 2016, the Vancouver-headquartered miner produced a new record of 18.7-million... 

Despite expecting further delay to RoF development, Noront exploration guns for gold

18th January 2017 Despite reporting progress with discussions between stakeholders, the largest landholder in the emerging Ring of Fire (RoF) mining camp of Northern Ontario, Noront Resources, said Tuesday that it expected further delays to the development of its cornerstone Eagle’s Nest mine. The precious and... 

Ontario’s costly coal phase-out had little effect on reducing air pollution – Fraser Institute

18th January 2017 Ontario’s misadventures in energy policy formulation hold a critical cautionary tale for the federal government’s plans to phase out coal-fired power generation by 2030. Closing Ontario's coal-fired power plants had a negligible effect on reducing air pollution, helped fuel skyrocketing energy... 

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