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Southern Copper still moving forward with Tia Maria Peru project - CEO

By: Reuters     Updated 5 hours ago Southern Copper "will continue making efforts to move forward" with its Tia Maria project in Peru, the CEO of the mining firm told Reuters, just hours after a company spokesperson said the project was being shelved. "Our position is that effectively the statements that were made do not totally... 

Barrick to keep operating Zambia copper mine, pending royalty change

By: Reuters     Updated 5 hours ago Barrick Gold, the world's biggest gold producer by output, will continue operating its Lumwana copper mine, in Zambia, while awaiting changes to the country's mineral royalty tax, the company said on Friday. Barrick had said it would suspend operations after Zambia hiked mineral royalties for... 

Codelco 2014 copper production up 3% to 1.67-million tonnes

By: Reuters     Updated 5 hours ago Chile's state-run Codelco produced 1.67-million tonnes of copper in full-year 2014, a 3.1% rise from a year earlier, the world's No 1 copper producer said on Friday. The company said the jump in output was mostly due to Codelco's newest mine, Ministro Hales, which produced 141 200 t copper in... 

Encanto Potash gets third-party interest to build 100 MW power plant for SK project

By: Henry Lazenby     Updated 6 hours ago Project developer Encanto Potash has received an expression of interest through its strategic advisor Horgen Holdings, that private equity fund manager Fengate Capital Management wanted to undertake the development, construction and financing of a 100-MW power station for the proposed Muskowekwan... 

Fortune Minerals secures $4m from financing partner for Colorado silver mine

By: Henry Lazenby     Updated 7 hours ago Canadian miner Fortune Minerals has closed a further $4-million financing from financing partner Lascaux Resource Capital Fund to provide working capital for the Revenue silver mine (RSM), located in south-west Colorado. Lascaux in October last year provided Fortune with $35-million finance the... 

First Nickel trims 2014 FY net loss

By: Henry Lazenby     Updated 7 hours ago Ontario-based nickel producer First Nickel has reported a narrower net loss for full-year 2014, as higher nickel prices and improved sales volumes boosted the bottom line. The company, which operates the Lockerby mine, in the Sudbury Basin, on Thursday reported a net loss of $20.7-million for the... 

Silvercrest swings to Q4 adjusted loss on higher costs

By: Henry Lazenby Canadian precious metals producer SilverCrest Mines this week reported a higher headline loss for the three months ended December 31, as costs rose mainly as a result of added direct production costs after the company transitioned the Santa Elena mine from an openpit heap-leach operation to an... 

Golden Star Resources reports strong ROI for underground Ghanaian gold project

By: Henry Lazenby Ghana-focused gold miner Golden Star Resources has reported a strong return on investment (ROI) for its brownfields Wassa underground gold project at its currently operating Wassa openpit mine in the country, and expected the development to transform the company into a lower-cost gold producer.... 

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