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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

 

Drilling at Ivanhoe’s DRC prospect confirms high-grade mineralisation

1st July 2016 The first six holes drilled by Africa-focused project developer Ivanhoe Mines confirm an expanded, thick, flat-lying, bottom-loaded zone of high-grade copper mineralisation at the southern part of the Kakula discovery of the Kamoa copper project, in the Democratic Republic of Congo. Ivanhoe’s... 

Newmont exits Indonesia with $1.3bn sale of Batu Hijau to PT AMI

1st July 2016 US gold major Newmont Mining has agreed to sell its stake in the Batu Hijau copper/gold mine in Indonesia, citing its strategic priorities to lower debt and fund its highest-margin projects. The Denver, Colorado-based miner has agreed to sell its 48.5% stake in PT Newmont Nusa Tenggara (PTNNT)... 

Mariana launches PEA on high-grade Hot Maden project, Turkey

30th June 2016 Australian gold explorer Mariana Resources has launched a preliminary economic assessment (PEA) on its high-grade Hot Maden project, in north-east Turkey this week, hoping that the completed study would be a catalyst for increased investor interest. The Sydney-based company on Monday advised that... 

Sotheby’s fails to sell giant Lucara diamond

30th June 2016 Vancouver-based diamond miner Lucara Diamond Corp will retain the massive 1 109 ct Lesedi la Rona diamond after it failed to sell at an auction in London. The company, which found the Type IIa precious gem in November at its flagship Karowe mine, in Botswana, said bidding did not meet the... 

Oil price crunch to change industry's growth outlook

30th June 2016 Canada’s oil sands industry is expected to continue to expand through to 2020 despite the headwinds caused by low oil prices and low natural gas prices. However, the growth was expected to stem from project expansion rather than from any new projects coming off the ground, according to analysis... 

Largo graduates to TSX listing

29th June 2016 Vanadium producer Largo Resources announced Wednesday that the TSX has approved the the listing of its common shares, starting from July 4. The company would retain the ticker ‘LGO’ after trading of its TSX-V-listed stock had ceased on Monday. 

Lithium X appoints former Rockwood executive as COO

29th June 2016 Lithium explorer and project developer Lithium X Energy has appointed former Rockwood Lithium Latin America president and CEO Eduardo Morales as its COO, effective immediately. Morales brought 36 years of experience as a chemical engineer to the junior company and was critical in building and... 

Alcoa outlines business separation plans

29th June 2016 US aluminium and lightweight alloys specialist Alcoa on Wednesday filed its initial plan to separate its upstream and downstream business segments with US securities regulators, saying the separation will allow each new company to pursue its own distinct corporate strategy and unlock the full... 

BMI lifts thermal coal price outlook; says nickel has bottomed

29th June 2016 Fitch group research firm BMI has raised its thermal coal price forecasts on the back of a more aggressive contraction in global mine output than initially expected, mainly in China. The firm now forecast Newcastle coal to average $53/t in 2016, up from $51/t, and $57/t in 2017, up from a... 

Exploration success at New Gold’s New Afton C-zone could boost mine life beyond current plan

29th June 2016 TSX- and NYSE MKT-listed gold producer New Gold late on Monday reported that exploration results from its British Columbia-based New Afton mine’s C-Zone could potentially add a further five years to the mine’s life at current throughput rates. The company announced that results from the C-Zone... 

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