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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

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Despite negative fundamentals for US coal, some flickers of hope to be found

28th May 2016 One would be hard-pressed to find optimism in today’s US coal industry, but even as the country’s exports fall and the fossil fuel’s importance in the energy mix diminishes, there are some flickers of hope for the industry facing seemingly ever-darkening fundamentals. Doyle Trading Consultants... 

Sibanye secures interdict against illegal strike at Kroondal ops

27th May 2016 NYSE- and JSE-listed precious metals miner Sibanye Gold has been granted an interdict against a strike called at its Kroondal platinum operations, in South Africa, by the Association of Mineworkers and Construction Union (AMCU). The South African Labour Court on Friday declared any strike action... 

Commodity price indices rally as oil picks up where metals left off

27th May 2016 Commodity price indices have rallied in recent weeks as strong performance by oil softened the lull in metals price movements. Scotiabank's commodity price index had improved by 4.5% month-over-month in April as energy gains more than offset metals weakness. 

Nautilus lifts Central Pacific underwater resource by 67%

27th May 2016 Marine mining pioneer Nautilus Minerals has this week reported an upgraded and improved mineral resource at its Clarion-Clipperton Fracture Zone (CCZ) project in the Central Pacific, which it held through its 100%-owned subsidiary Tonga Offshore Mining (TOML). Toronto-based Nautilus advised... 

Planetary Resources turns gaze back to earth with $21.1m investment

27th May 2016 Prospective asteroid miner Planetary Resources has received a $21.1-million investment to deploy and operate Ceres, an advanced Earth observation business featuring the first commercial infrared and hyperspectral sensor platform that would be harnessed to better understand and manage humanity’s... 

De Beers, Namibia ink new decade-long Namdeb sales agreement

27th May 2016 Diamond major the De Beers Group of Companies and the Namibian government have signed a new ten-year sales agreement for the sorting, valuing and sales of Namdeb Holdings’ diamonds, representing the longest-ever signed agreement between the two partners. Namdeb Holdings is a 50:50 joint venture... 

PTM closes $33m financing

26th May 2016 Canadian project developer Platinum Group Metals (PTM) has closed a public offering of common shares to raise $33-million. The Vancouver-based company had issued 11-million common shares at $3 each. 

Teck prices $1.25bn of senior notes

26th May 2016 Canadian diversified miner Teck Resources has announced the pricing of an offering of $1.25-billion in senior unsecured notes, comprising $650-million of five-year notes and $600-million of eight-year notes. The Vancouver, British Columbia-headquartered company advised that the notes would be... 

Strong tailwinds giving juniors, project developers room to run – research note

26th May 2016 About halfway through the first quarter, analysts at Dundee Capital Markets noticed that exploration companies that had weeks earlier appeared to be dead in the water, as investors abandoned all but a handful of names, were steadily starting to leave the laggards behind as a combination of the... 

Purpose completes Silver Bullion Trust conversion into ETF, offers currency-hedged ETF units

26th May 2016 Investment management firm Purpose Investments has completed the conversion of the Silver Bullion Trust (SBT) into an open-ended exchange traded fund (ETF) and both US-dollar and Canadian-dollar denominated non-currency hedged units of the fund started trading on the TSX on Thursday. The fund had... 

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