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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

 

Agrium stock surges as activist investor amasses sizeable position

Canadian fertiliser producer Agrium Inc on Friday rose 7.46% on the NYSE after San Francisco-based activist investor ValueAct Capital Management disclosed in an SEC filing a 5.7% stake in the Canadian fertiliser giant. Starting in August, ValueAct amassed about 8.2-million shares, valued at about... 

Mindoro Resources ships first iron-ore from Philippines

TSX-V- and Frankfurt-listed Mindoro Resources this week reported that it had completed the first shipment of high-iron/low-nickel direct shipping ore (DSO) from the Agata project, located in northern Mindanao, the Philippines. The shipment comprising 54 181 wet metric tonnes (wmt) of limonite ore... 

Latest WGC report demonstrates how responsible gold mining distributes value

The World Gold Council (WGC) this week released the second edition of its ‘Responsible gold mining and value distribution’ report, covering 2013 data, highlighting the continuing contribution responsible gold mining could make in supporting economic development in host countries. The report was... 

Alamos Gold blames heavy rains for poor Q3 performance

- and NYSE-listed Alamos Gold this week reported disappointing third-quarter results, citing heavy rains and lower recoveries as weighing on its flagship Mulatos operation’s performance, in Mexico. The Toronto-based miner reported that despite stacking ore containing about 51 900 oz of gold o the... 

Morro Bay Resources finds more resource upside at multi-vein Mexico project

Mexico-focused mineral exploration firm Morro Bay Resources this week released results from a drilling campaign at the San Rafael historic mine area, at the multi-veined Peñoles project, in Durango state, indicating the presence of multiple mineralised zones. The Calgary, Alberta-based explorer... 

Alcoa agrees to sell majority interest in S Carolina aluminium smelter

Alcoa has agreed to sell its 50.3% stake in the Mt Holly aluminium smelter, in Goose Creek, South Carolina, to  its 49.7%-partner Century Aluminium, further trimming its primary aluminium production capacity as part of efforts to establish a low-cost portfolio of smelters. The US-based integrated... 

Canadian diamond output seen increasing by 100% in four years

Canada’s diamond output could more than double in the next four years, underpinned by De Beers Canada and Mountain Province Diamonds’ Gahcho Kué project, in Canada’s Northwest Territories, and Stornoway Diamond Corp’s Renard project, in Quebec – with both projects now in the construction phase –... 

BC tables amendment to Mine Act allowing more time to investigate, charge offenders

The British Columbia government on Thursday tabled proposals to amend the provincial Mines Act to give investigators and Crown Counsel more time to investigate violations under the Act and bring charges if necessary. Energy and Mines Minister and Minister Responsible for Core Review Bill Bennett... 

Vale lifts Q3 iron-ore output to historic highs

Diversified Brazil-based miner Vale on Thursday reported record iron-ore output for the third quarter ended September 30, boosted by quarter-on-quarter gains in all its business segments. Vale said iron-ore output was 85.7-million tonnes in the period, underpinned by the ramp-ups of Plant 2 at... 

Hochschild’s Q3 output down, working to overcome construction delays at Peru project

Latin America-focused precious metals producer Hochschild Mining on Thursday said attributable output for the three months ended September 30 fell 24% to 4.8-million silver-equivalent ounces, mainly owing to no contribution from the depleted Ares mine, in Peru. Despite output being lower than the... 

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