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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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On back of strong 2014, First Quantum disappoints with 2015 outlook

     Updated 31 minutes ago Base metals miner First Quantum Minerals late on Monday reported record copper output during 2014, noting that the current year would see its Zambia operations benefit from increased synergies as its new smelter was being commissioned and its new Sentinel mine started first production during the... 

Transition Metals and Implats expand Sunday Lake polymetallic discovery

Project generator Transition Metals's latest programme of diamond drilling at Sunday Lake, 25 km north of Thunder Bay, Ontario, has confirmed continuity of platinum-group metal (PGM) mineralisation over an area about 700 m long and 300 m wide, at depths tested between 370 m to 800 m below... 

Seabridge Gold appoints independent panel to advise on KSM

British Columbia-focused project developer Seabridge Gold has established an independent geotechnical review board (IGRB) to review and consider its KSM project's tailings management facility (TMF) and water-storage dam (WSD), focusing on their structural stability and integrity. The IGRB would... 

Stonegate Agricom halts work on Idaho project permitting as coffers empty

Phosphate project developer Stonegate Agricom has temporarily halted permitting activities at its Paris Hills project, in Idaho, citing financial constraints. The TSX-listed firm noted on Monday that third-party consultants appointed to finalise the groundwater model for permitting applications,... 

Cliffs suspends dividend, repays $400m in debt

US iron-ore and coal producer Cliffs Natural Resources has suspended its quarterly dividend as part of accelerated plans to repay its outstanding debt balance. Cleveland, Ohio-based Cliffs on Monday said it had already reduced its outstanding debt balance by more than $400-million during the... 

Iamgold reports localised rock burst at Westwood mine, Quebec

Canadian gold producer Iamgold reported late Thursday that a rock burst occurred underground in the afternoon at its Westwood mine, in Quebec, causing ground fall in a confined area. While, access for four people was initially blocked, they were not injured and were able to exit the mine safely.... 

Retreating discovery rates and exploration budget cuts to impact industry from 2016

Retreating discovery rates and reduced exploration will impact global output from 2016 onward. Financial information firm SNL Financial director for the metals and mining database Glen Jones this week said in the low-price environment, discovery rates were exacerbated by budget cutbacks, socio-... 

Patriot demands arbitration to resolve Northern Vertex option agreement

Emerging gold producer Patriot Gold has issued an arbitration demand to joint venture (JV) partner and optionee Northern Vertex Mining, citing unhappiness regarding the required scope and technical details of the bankable feasibility study (BFS) for the Moss gold/silver project, in Northwest... 

Centerra Gold’s Gatsuurt project gains 'strategic important' Mongolian status

Canadian gold producer Centerra Gold’s Gatsuurt project, 35 km from its operating Boroo mine, in Mongolia, has been designated as a 'mineral deposit of strategic importance' by the Mongolian Parliament. The project milestone paves the way for Centerra to move forward within the country’s Water... 

Antofagasta closes C$53m Duluth Metals acquisition

Chile-based copper-mining group Antofagasta this week completed the C$53-million takeover of Duluth Metals, giving it exclusive control of the Twin Metals Minnesota (TMM) copper/nickel/platinum group metals project, in the Duluth Complex, in north-eastern Minnesota. Antofagasta had obtained all... 

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