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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

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Taseko strikes participation and cooperation accord with Aboriginal group

28th July 2015 Base metals producer Taseko Mines has formalised a participation and cooperation agreement between the Gibraltar mine, in British Columbia, and its next-door neighbour, the Soda Creek Indian Band (Xat'sull). "We are pleased to formalise a relationship with Taseko regarding the Gibraltar mine.... 

Weak market conditions prompt Freeport-McMoRan to look for cost cuts

28th July 2015 Multinational diversified miner Freeport-McMoRan has started a comprehensive review of its mining and oil and gas businesses to target significant capital spending and operating and administrative cost cuts in response to weak market conditions for its significant products. These plans would... 

Peabody shares rally despite missing earnings forecast, suspending dividend

28th July 2015 Extended low-cycle conditions prompted American coal producer Peabody Energy on Tuesday to suspend the quarterly dividend on its common stock, curtail metallurgical coal output and cut jobs as it turned to aggressive cost-cutting measures to survive market headwinds. Peabody was implementing a... 

Consol Energy halts steelmaking coal IPO as low coal, oil prices dent Q2 earnings

28th July 2015 US oil, gas and coal producer Consol Energy has put the planned initial public offering (IPO) of its metallurgical coal business on hold, citing the continued degradation of metallurgical coal prices on Tuesday. The MetCo IPO of up to 20% of the subsidiary's equity was expected to occur early in... 

Cardero announces restructuring plan, to buy Arizona copper oxide project

27th July 2015 Industrial metals and minerals firm Cardero Resource on Monday revealed a comprehensive restructuring plan, which included the acquisition of the Zonia copper oxide project, in Arizona, in the hope that switching to a focus on copper would allow it to, once more, create shareholder value. Under... 

Vista Gold receives $4.3m Australian R&D tax refund

27th July 2015 TSX- and NYSE MKT-listed Vista Gold has received a further $4.3-million research and development (R&D) tax incentive refund, net of costs to prepare and file, from the Australian government related to costs incurred during the 2013 fiscal year. The refund was paid under the Australian... 

British Columbia issues Canadian Mining quarry permit

27th July 2015 The British Columbia Ministry of Energy and Mines has issued TSX-V-listed Canadian Mining with a new five-year 50 000 t/y quarry permit for its Bromley Creek zeolite mine lease, near Princeton. President and CEO Ray Paquette reported that the company had increased the reclamation security and... 

First Majestic Silver announces friendly acquisition of SilverCrest Mines

27th July 2015 Mexico-focused precious metals miner First Majestic Silver has agreed to acquire all of the issued and outstanding common shares of SilverCrest Mines in a cash-and-scrip deal. The company advised on Monday that the transaction would enhance First Majestic's position in Mexico, one of the world's... 

Alcoa to split downstream business segments as its value-add portfolio expands

23rd July 2015 Lightweight and high-performance metals producer Alcoa on Thursday said that it would split its downstream portfolio into two segments, with one maintaining a core focus on aerospace and the other centred on the construction and commercial wheels markets. NYSE-listed Alcoa also on Thursday... 

PTM on track for planned production from WBJV Project 1 this year

23rd July 2015 Vancouver-based project developer Platinum Group Metals’ (PTM’s) 82.9% owned Western Bushveld joint venture (WBJV) Project 1, located near Rustenburg, South Africa, was about 90% complete and on track for planned production this year. PTM said cold commissioning of processing plant equipment was... 

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