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

 

Kibali on track to meet FY guidance despite sequencing headaches

19th July 2016 Africa-focused miner Randgold Resources remains on track to meet the 600 000-oz-plus guidance for its Kibali mine, in the Democratic Republic of Congo (DRC), despite experiencing some sequencing difficulties at the mill. According to CEO Mark Bristow, the company had resolved certain expected... 

Colombian Mines soars on $4m Nevada gold property buy

19th July 2016 The TSX-V-listed stock of prospect generator Colombian Mines jumped more than 57.14% on Tuesday, after it struck a purchase option accord with a private equity party for the high-grade Pamlico gold project in Mineral County, Nevada, for $4-million. Colombian Mines said visible gold dominated the... 

Galane stock rockets on Galaxy restart decision

18th July 2016 The board of Southern Africa-focused gold producer Galane Gold has made a development decision for the first-phase restart of production at the Galaxy gold mine, in South Africa, up to a target of 60 000 oz/y, the company advised on Monday. The TSX-V-listed miner, which operates the Mupane mine,... 

Two Canadian diamond projects to see first production this quarter

18th July 2016 Canada has two diamond projects that are expected to start first production during the current quarter, with De Beers Canada’s Gahcho Kué project, in the Northwest Territories, making commissioning progress and Stornoway Diamond Corp starting with ore processing at the Renard project, in Quebec.... 

Alabama inks nondisclosure accords with US Department of Defence equipment makers

18th July 2016 Project developer Alabama Graphite (AGC) on Monday revealed that it had signed six nondisclosure agreements (NDAs) with manufacturers of equipment for the US Department of Defence (DoD). The agreements were meant to spur discussions and the due diligence evaluation of samples of AGC’s US-sourced... 

Paladin hits cash-flow positive FY 2016 despite marred market

18th July 2016 TSX- and ASX-listed uranium producer Paladin Energy has achieved its full-year fiscal 2016 objective of being cash-flow positive on an 'all in' basis, excluding one-off restructuring costs and capital management, it said Monday. The Perth, Western Australia-based company reported fourth-quarter... 

Largo makes vanadium-redox flow battery mark with nonbinding offtake MoU

18th July 2016 Canadian vanadium producer Largo Resources has entered into a nonbinding memorandum of understanding (MoU) for an offtake agreement with Massachusetts-based energy technology firm Vionx Energy. The announcement lifted Largo’s TSX-V-listed stock by more than 4% to C$0.47 apiece on Monday. 

Turkish gold miners operate unhindered during attempted coup

18th July 2016 Turkey-focused miner Alacer Gold reported Sunday that the Çöpler mine was operating as normal and that there were no local disruptions in the wake of a military coup d'état attempt on the government of Turkish President Recep Tayyip Erdoğan. The TSX- and ASX-listed company reported that after it... 

Imperial Metals lifts Red Chris output as Mount Polley restarts

16th July 2016 Base metals producer Imperial Metals reports that the Red Chris mine, in north-west British Columbia, increased copper and gold production by 14% and 23%, respectively, during the second quarter ended June, producing some 26.74-million pounds copper and 18 213 oz gold. The TSX-listed miner on... 

Nickel rally to lose strength by year-end; aluminium settles into lower-for-longer pattern

15th July 2016 New forecasts by BMI predict nickel prices will rise in the short term, however, the rally will taper off by year-end, as heightened Chinese refined nickel imports and ore supply disruptions from the Philippines buoy prices. However, the Fitch group research firm says positive long-term... 

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