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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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Cliffs terminates pellet supply agreement with Essar Algoma

7th October 2015 US iron-ore producer Cliffs Natural Resources has effective from October 5, cancelled a pellet supply agreement with primary steel producer Essar Algoma. According to Cliffs, Essar Algoma had committed multiple and material breaches under the sale and purchase agreement. 

Scathing report faults EPA’s handling of Alaska's Pebble project

7th October 2015 An independent review of the US Environmental Protection Agency's (EPA’s) decision-making process regarding potential mining in southwest Alaska's Bristol Bay watershed has concluded that the agency’s actions were not fair to all stakeholders, raising a series of concerns about potential EPA... 

Illegal blockade halts work at B2Gold’s El Limon mine

5th October 2015 Access to triple-listed gold miner B2Gold's El Limon mine, in Nicaragua, has been blocked by an illegal barricade since last Monday. The Canadian miner explained that access to the El Limon operation and process facility had been blocked by a small group of workers, community members, and other... 

Suncor launches $6.6bn hostile bid for Canadian Oil Sands

5th October 2015 The TSX-listed stock of Canadian Oil Sands (COS) closed more than 55% higher at C$9.60 apiece on Monday, after rival Suncor Energy launched a C$4.3-billion hostile takeover bid. Under terms of the offer, each COS shareholder would receive one-quarter of a Suncor share, or about C$8.84, for each... 

Alcoa inks $1bn fastening systems deal with Airbus

5th October 2015 US-based speciality alloys company Alcoa has struck a $1-billion contract with Airbus to supply multimaterial aerospace fastening systems for use on the European aircraft manufacturer's latest aircraft. NYSE-listed Alcoa said the deal was its largest fastener contract ever with the aircraft... 

PotashCorp withdraws bid for German rival

5th October 2015 The world’s largest potash miner Potash Corporation of Saskatchewan (PotashCorp) on Monday retracted its offer to buy German rival K+S Aktiengesellschaft, citing declining macroeconomic conditions and a lack of interest from K+S management to pursue a deal. K+S had previously rejected the... 

Canada becomes founding partner of historic Trans-Pacific Partnership, to boost resource sectors

5th October 2015 Canada on Monday became one of the 12 founders of the historic Trans-Pacific Partnership (TPP) free-trade agreement (FTA) that could ensure an increase in Canadian exports and investment to member countries, supporting jobs for Canadians at home and abroad. The TPP was a multilateral trade... 

Goldcorp reports work stoppage at newest mine in Argentina

3rd October 2015 A work stoppage led by a local labour union has been reported at TSX- and NYSE-listed Goldcorp's newest gold mine Cerro Negro, in Argentina. The miner, the world’s largest gold producer by market capitalisation, advised that the work stoppage by miners represented by the Asociacion Obrera Minera... 

Taseko lifts Q3 output 16% y/y

3rd October 2015 Despite navigating a challenging third quarter, base metals producer Taseko Mines has increased copper output from its Gibraltar copper/molybdenum mine by 16% year-on-year to 41-million pounds, with quarterly sales hitting the same volume. "During the quarter, planned maintenance was performed on... 

Diesel autos to lose market share, platinum price to fall on VW scandal

2nd October 2015 As a direct result of German automaker Volkswagen’s (VW’s) admission that it has violated US emission regulations, diesel propelled vehicles stood to lose market share, removing a source of platinum demand growth, sending prices falling. On 18 September, the US Environmental Protection Agency... 

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