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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

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

 

US gold bullion exports jump 83% in Q4; South African imports on the rise

18th April 2015 The US Geological Survey (USGS) on Friday revealed that total US gold exports for the fourth quarter 2014 were 58% greater than in the third quarter, owing to an 83% increase in fourth-quarter bullion exports when compared with third quarter exports. The USGS’s most recent mineral industry survey... 

Alpha Natural Resources to submit plan to cure NYSE listing deficiency

18th April 2015 US coal producer Alpha Natural Resources has been notified by the NYSE that its common stock did not satisfy one of the exchange’s standards for continued listing, which required that the average closing price of a listed company's common stock be at least $1 a share over any consecutive 30-day... 

Miners report first-quarter output ahead of financials

18th April 2015 Several miner this week reported production results ahead of publishing financial results for the three months ended March 31. NYSE- and TSX-listed McEwen Mining reported gold output increased 23% to 24 696 oz and silver production decreased 10% to 655 339 oz in the period when compared with the... 

Thompson Creek Metals lifts Q1 gold output, while molybdenum business ticks over

17th April 2015 Denver, Colorado-based Thompson Creek Metals has lifted copper and gold output from its flagship Mount Milligan mine, in British Columbia, despite dealing with frozen and plugged feeders and unscheduled mechanical issues in areas of the grinding and flotation circuits since the start of the... 

Tahoe Resources to appeal employee detention

16th April 2015 Vancouver-based Tahoe Resources this week said Guatemala subsidiary Minera San Rafael (MSR) would appeal the court-ordered confinement of an employee pending the investigation of a 2012 environmental claim. The TSX- and NYSE-listed miner said the employee was in charge of regulatory issues,... 

Moody’s lowers iron-ore and met coal price forecasts, markets to remain under pressure to 2016

16th April 2015 Moody’s Investors Service expected iron-ore and metallurgical (met) coal prices to remain under pressure through at least 2016, prompting it to lower its price expectations for both commodities. The firm fingered slower steel output growth in China and rampant oversupply, particularly in... 

Walter Energy exercises 30-day grace period for debt interest payments

16th April 2015 NYSE-listed metallurgical coal producer Walter Energy has exercised a 30-day grace period to make debt interest payments. Last year, Walter Energy idled its Canadian operations in the second quarter and, in January, the cash-strapped miner suspended its quarterly dividend on its common stock in... 

Lupaka Gold reports fatal accident

16th April 2015 Peru-focused explorer and project developer Lupaka Gold has reported that a fatal accident involving a Peruvian employee occurred on Tuesday at the Invicta gold mine site. The employee's family and all relevant authorities were contacted and an investigation into the accident started with the... 

Sherritt International confirms strike action at Madagascar plant

15th April 2015 Diversified Canadian miner Sherritt International confirmed on Wednesday that certain employees were partaking in strike action at its Ambatovy nickel/cobalt plant, near Toamasina, Madagascar. The strike followed a short similar action at the Ambatovy mine last month, which, together with... 

Canada-India uranium tensions thaw as Cameco strikes export deal

15th April 2015 Canada on Wednesday unveiled a C$350-million deal to supply more than seven-million pounds of uranium concentrate to India, signalling a new era for the two countries’ bilateral relations. Canadian uranium producer Cameco announced that it had inked a supply agreement with the Department of... 

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