R/€ = 15.58 Change: 0.01
R/$ = 13.89 Change: -0.02
Au 1322.40 $/oz Change: 0.43
Pt 1028.00 $/oz Change: -1.00

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: /


Alcoa board OKs split effective Nov 1

30th September 2016 The board of US-based aluminium and light-weight alloys producer Alcoa has given the green light for its demerger into two publicly traded companies, setting November 1 as the effective date. Spearheaded by CEO Klaus Kleinfeld, the separation will see the company's upstream aviation and... 

Steelworkers ratify agreement with Cliffs

30th September 2016 The United Steelworkers (USW) union has ratified a new three-year labour contract at US iron-ore producer Cliffs Natural Resources’ Tilden and Empire mines, in Michigan, and its United Taconite and Hibbing Taconite mines, in Minnesota. The four local unions represent about 2 000 workers under... 

Dundee signs $50m forward gold sale

29th September 2016 Canadian firm Dundee Precious Metals has amended the $80-million Tranche C component of its revolving credit facility (RCF) to align with the improved construction and commissioning schedule of the Krumovgrad gold project, in Bulgaria, after it received the final construction permit early last... 

New explorer Ocean Minerals to look offshore Cook Islands for REEs

29th September 2016 Recently formed US-based exploration company Ocean Minerals is heading to the exclusive economic zone of the Cook Islands, in the Southern Pacific, to look for rare earth elements (REEs) and scandium on the deep ocean floor. The Houston, Texas-based company on Wednesday joined the likes of... 

Ontario govt awards Boart Longyear C$1.37m to improve safety, reduce costs

28th September 2016 Multinational drilling equipment and services provider Boart Longyear has received an award of C$1.37-million from the Ontario government to help improve safety at mineral exploration drilling sites and the efficiency of drilling systems technology. The Salt Lake City, Utah-headquartered company... 

Canada approves Pacific NorthWest LNG project, but investment decision 'far from certain'

28th September 2016 The Canadian federal government has approved the C$11-billion Pacific NorthWest liquefied natural gas (LNG) project, a proposed LNG facility and marine terminal near Prince Rupert, on British Columbia's North Coast. Majority owned by Malaysia-based Petronas, the project approval is the result of... 

Mining Commissioner issues final order on Cliffs' bid over KWG rail claims

28th September 2016 The Mining and Lands Commission of Ontario has made a final order, paving the way for an application to the Ontario Ministry of Natural Resources, which was made by Cliffs Natural Resources in early 2012, for the grant of an easement over the claims of KWG subsidiary Canada Chrome Corporation... 

Austral restarts Casposo precious metals mine

28th September 2016 ASX- and TSX-V-listed Austral Gold is restarting operations at its Argentina-based Casposo gold/silver project, based on the results of an updated reserve estimate. As at June 30, Vancouver-based Austral reported compliant proven and probable reserves of 972 000 t grading 2.53 g/t gold and 231... 

Aquila discovers new ore zone at Back Forty

28th September 2016 TSX-listed project developer Aquila Resources has made a new discovery of gold and zinc mineralisation near its Back Forty project, in Michigan's Upper Peninsula. The Toronto-headquartered company on Tuesday reported the assay results of two discovery holes of mineralisation that could... 

Teck’s diversified business model poised to drive cash flow, profit as commodities rise

27th September 2016 Canada’s largest diversified miner Teck Resources is positioned to benefit from rising commodity prices owing to its exposure to stronger steelmaking coal and zinc markets, as well as from the weaker Canadian dollar. VP of investor relations and strategic analysis Greg Waller told the Deutsche... 

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