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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

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Scotiabank’s commodity price index rallies in February as oil and gas rebound somewhat

1st April 2015 The Bank of Nova Scotia’s ‘commodity price index’ rallied by 2.4% month-over-month in February, after falling in January to the lowest level since early 2007. The third-largest Canadian bank said on Tuesday its ‘oil and gas index’ rebounded in February, with Alberta light and heavy crude oil... 

Class action to proceed against Baja Mining

1st April 2015 London, Ontario law firm Harrison Pensa is proceeding with a class action under the Class Proceedings Act, 1992 against Baja Mining Corp, certain of its former directors and officers and the company's auditor, PricewaterhouseCoopers. The action alleged that during a period from November 1, 2010,... 

First Majestic completes new technical report for La Guitarra, Mexico

31st March 2015 Mexico-focused miner First Majestic Silver has completed a new Canadian National Instrument 43-101-compliant technical report on its La Guitarra silver mine, in Mexico, which validated the rrason the company ought the property from Silvermex Resources in 2012. President and CEO Keith Neumeyer... 

Forbes & Manhattan congratulates Yamana Gold on decade of Jacobina ops, Brazil

31st March 2015 Private merchant bank Forbes & Manhattan Inc on Monday congratulated Yamana Gold for achieving the ten-year anniversary of the first gold bar poured from the reactivation of the Jacobina mine, in Bahia State, Brazil. The Jacobina mine was acquired by Williams Resources in 1996, and subsequently... 

Guyana Goldfields on track for midyear start-up

31st March 2015 Project developer Guyana Goldfields (GGI) on Monday said construction of its $249-million Aurora gold project, in Guyana, South America, was in top gear and progressing on schedule and within budget, with the first gold pour on track for mid-2015. As of December 31, the company had spent... 

Cliffs completes refinancing transactions

31st March 2015 NYSE-listed Cliffs Natural Resources has entered into a new senior secured asset-based revolving credit facility (ABL facility) and has completed a private offering of $540-million of senior secured notes due on March 31, 2020, the company announced on Monday. Cleveland, Ohio-based Cliffs... 

Alcoa cuts last smelting capacity at São Luís facility in Brazil

31st March 2015 Aluminium and lightweight metals producer Alcoa will curtail the remaining 74 000 metric tons of smelting capacity at its São Luís facility, in Brazil. NYSE-listed Alcoa on Monday said the curtailment was part of its plans to evaluate upstream capacity for possible curtailment, closure or sale as... 

Buffalo Coal closes $4m bridge loan

30th March 2015 TSX- and JSE-listed miner Buffalo Coal has closed a $4-million loan facility with Resource Capital Fund (RCF), which the company plans to use to advance its continued restructuring efforts. The company said that, despite the restructuring initiatives that had been implemented throughout 2013,... 

Encanto Potash gets third-party interest to build 100 MW power plant

28th March 2015 Project developer Encanto Potash has received an expression of interest through its strategic advisor Horgen Holdings from private equity fund manager Fengate Capital Management for the development, construction and financing of a 100 MW power station for the proposed Muskowekwan potash mine and... 

Fortune Minerals secures $4m from financing partner for Colorado silver mine

27th March 2015 Canadian miner Fortune Minerals has secured a further $4-million from financing partner Lascaux Resource Capital Fund to provide working capital for the Revenue silver mine (RSM), in south-west Colorado. Lascaux in October last year provided Fortune with $35-million to finance the acquisition of... 

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