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Imperial Mines starts trucking concentrate from Red Chris

By: Henry Lazenby     Updated 4 hours ago British Columbia-focused base metals producer Imperial Metals had started trucking copper concentrate from the $500-million Red Chris mine, south of Dease Lake in the traditional territory of the Tahltan First Nation. The TSX-listed miner, which also operated the ill-fated Mount Polley mine, said... 

Ucore Rare Metals secures rights to novel rare earths separation technology

By: Henry Lazenby     Updated 4 hours ago Alaska-focused rare earths project developer Ucore Rare Metals on Tuesday proudly showed off the first high-purity dysprosium concentrate ever produced in the US, with US-sourced feedstock. What’s more, the company announced that it had secured the rights to a new minerals separation technology... 

Ucore Rare Metals secures rights to novel rare earths separation technology

Brazil’s ambassador to Canada calls for greater trade between two natural resource giants

By: Simon Rees     Updated 7 hours ago Brazil seeks to boost the level of bilateral trade with Canada, particularly in the sphere of mining, the country’s ambassador to Canada Pedro Fernando Brêtas Bastos told audience members at the Brazil-Canada Chamber of Commerce mining breakfast on Monday. The level of bilateral trade between... 

African Minerals' lender takes control of iron ore project holding companies

By: Reuters     Updated 7 hours ago African Minerals said its lender has taken control of two holding companies that own a majority stake in the companies that operate its sole project, the Tonkolili iron-ore mine in Sierra Leone. The miner said on Tuesday it is seeking legal advice on the move by Shandong Steel Hong Kong Zengli. 

Zambia finmin says kwacha will recover this year

By: Reuters     Updated 7 hours ago Zambia's kwacha currency will recover this year due to an increase in the price of the copper and steps by the central bank to preserve foreign exchange reserves, the finance minister said on Tuesday. "The hard currency earnings will improve as the fiscal year progresses, especially from the... 

BNC closes $20m bond, progresses smelter restart plans

     Updated 7 hours ago Aim-listed Mwana Africa’s 74.73%-owned subsidiary Bindura Nickel Corporation (BNC) has successfully closed a $20-million bond to buy new equipment for its smelter, in Zimbabwe. BNC was planning to reopen the smelter by December.  

Eqstra not selling contract mining business – yet

By: Irma Venter     Updated 7 hours ago Eqstra Holdings was going to reduce its exposure to contract mining, but it was not yet ready to sell the troubled business, said CEO Walter Hill on Tuesday. He said Eqstra would not sell its contract mining business in a “depressed market”. He said it would be prudent to first make the business... 

Eqstra not selling contract mining business – yet
Photo by Duane Daws
Walter Hill

RBPlat chalks up FY output, revenue gains to stable labour relations, cost conservatism

By: Natalie Greve     Updated 7 hours ago Despite a year in which the platinum industry battled extended strikes and a fractious labour relations environment, black-owned Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri said he was “cautiously satisfied” with the company’s 2014 results, attributing revenue, production and earnings gains... 

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