R/€ = 16.00 Change: 0.09
R/$ = 14.04 Change: 0.17
Au 1219.56 $/oz Change: 4.07
Pt 844.00 $/oz Change: 2.21

Base Metals News

Nespresso to use Rio Tinto’s responsibly-sourced aluminium in coffee capsule production

By: Marleny Arnoldi     Updated 4 hours ago Nespresso, an operating unit of Nestlé Group, will be the first company to use responsibly-sourced aluminium from global miner Rio Tinto to produce its coffee capsules. The two companies have signed a memorandum of understanding (MoU) to work together with Nespresso’s capsule manufacturers to... 

Lundin confirms job cuts at Chile's Candelaria copper mine

By: Reuters     18th November 2018 Canadian miner Lundin confirmed on Friday it was cutting 106 jobs at its Candelaria copper mine in Chile to "improve competitiveness and productivity", amid reports that workers had begun a 48-hour strike. In a statement sent to Reuters, the company said the job cuts represented less than 2% of... 

Barrick Gold eyes assets, exploration as it plots new phase

By: Bloomberg     17th November 2018 Barrick Gold, soon to become the world's largest bullion miner, is interested in adding more copper assets as long as the red metal is accompanied by bullion, executives said on Friday. Barrick, which expects to complete its $6.1-billion takeover of Randgold Resources January 1, outlined plans... 

Barrick Gold eyes assets, exploration as it plots new phase
Mark Bristow

India’s Nalco to bid for bauxite blocks at auctions, readies to foray into merchant mining

By: Ajoy K Das     16th November 2018 With various Indian state governments readying to put 21 bauxite mines up for allocation, State-run National Aluminium Company Limited (Nalco) will put in bids at the auctions for captive consumption and foray into merchant mining of the raw material. The 21 bauxite blocks will be auctioned by... 

Teck to announce Chile project partner in December

By: Mariaan Webb     16th November 2018 Canadian miner Teck Resources is making good progress with the process of bringing a partner into its northern Chile copper development project and plans to announce a transaction next month, CEO Don Lindsay said on Thursday. The company sees the Quebrada Blanca Phase 2 expansion as its most... 

NWT govt selects proponent to build Tlicho road

By: Creamer Media Reporter      16th November 2018 The Northwest Territories government has selected its preferred proponent to fund, construct, operate and maintain the Tlicho all-season road, which TSX-listed Fortune Minerals will use for its Fortune cobalt/gold/bismuth/copper mine project. The preferred proponent is North Star Infrastructure,... 

DRC lifts export ban on Glencore's copper and cobalt unit 

By: Bloomberg     16th November 2018 A Glencore unit in the Democratic Republic of Congo (DRC) had a ban on imports and exports from its giant copper and cobalt mine lifted by authorities in the country. “They submitted a request,” Jean Baptiste Nkongolo Kabila, director general of Congo’s custom’s agency, said Thursday by phone.... 

MOD completes T3 buy

By: Esmarie Iannucci     16th November 2018 Copper developer MOD Resources has completed the acquisition of the remaining 30% interest in its flagship T3 copper project, in Botswana. MOD in July this year signed a binding agreement with its joint venture (JV) partner Metal Tiger to acquire its share of the project for A$26.6-million. 

Instil portable skills to assist economic development post closure – consultancy

By: Nadine James     16th November 2018 Mining companies’ social and labour plans (SLPs) should incorporate initiatives or programmes aimed at reskilling workers and uplifting community members through the development of portable skills, says socioeconomic development facilitator Economic Development Solutions (EDS) MD Janine Espin.... 

Instil portable skills to assist economic development post closure – consultancy
JANINE EPSIN ompanies should approach closure with economic sustainability in mind

Orion clears another significant hurdle at Prieska project

By: Natasha Odendaal     16th November 2018 The receipt of the final assay results from the recently completed deep sulphide mineral resource drill-out at the Prieska zinc/copper project, in the Northern Cape, has paved way for the updated mineral resource due mid-December, says ASX-listed Orion Minerals MD and CEO Errol Smart. The... 

Now export duty dispute halts Katanga’s copper exports 

By: Mariaan Webb     15th November 2018 Merely a week after Glencore subsidiary Katanga Mining halted cobalt exports from its Kamoto mine, in the Democratic Republic of Congo (DRC), its copper exports have also been suspended as a result of an alleged failure to declare and pay duties on 6 650 t of copper in late 2015, early 2016. In... 

Now export duty dispute halts Katanga’s copper exports

Antofagasta approves $1.3bn Chile copper expansion

By: Mariaan Webb     15th November 2018 The Los Pelambres copper mine is set for a $1.3-billion expansion, with London-listed Antofagasta on Thursday announcing that production at the Chile mine would be increased by an average 60 000 t/y. The project, owned 60% by Antofagasta and 40% by consortiums led by Nippon and Mitsubishi, will... 

Antofagasta approves $1.3bn Chile copper expansion
Antofagasta CEO Ivan Arriagada

Cyclone DFS cuts costs

By: Esmarie Iannucci     15th November 2018 A definitive feasibility study (DFS) into the Cyclone zircon project, in Western Australia, has slashed the development capital from the A$161-million estimated in 2016, to A$135.7-million. ASX-listed Diatreme on Thursday reported that Cyclone is expected to have a life-of-mine production of... 

Vimy rolls out subsidiary to hunt for base metals

By: Esmarie Iannucci     15th November 2018 ASX-listed Vimy Resources has established a new subsidiary, Vélo Resources, to explore for base metals around the company’s flagship Mulga Rock uranium project, in Western Australia. Vélo will hold one granted exploration lease and several exploration lease applications, covering a combined 1 700... 

Rio Tinto joins race for Teck's copper project stake - sources

By: Reuters     14th November 2018 LONDON – Rio Tinto is among parties making a final offer for a minority stake in Teck Resources' Quebrada Blanca copper mine expansion in northern Chile, a development worth $4.8-billion, two sources close to the matter said. The world's second largest mining company is eager to boost its copper... 

Drilling delineates new corridor of mineralisation at Kamoa-Kakula

By: Tasneem Bulbulia     14th November 2018 Exploration drilling at Ivanhoe Mines’ Kamoa North prospect area, which forms part of the 397 km2 Kamoa-Kakula mining licence, in the Democratic Republic of Congo (DRC), has successfully delineated two new, continuous corridors of shallow copper mineralisation containing zones of thick,... 

Copper industry sees green shoots of demand after trade war price slump

By: Reuters     14th November 2018 The outlook for copper demand in the mid to long term remains healthy despite current trade friction between China and the United States as a renewable energy revolution will require vast amounts of the metal, industry executives said on Wednesday. Delegates at the Asia Copper Conference in... 

Chinese copper smelters look to mine investment to secure supply

By: Reuters     14th November 2018 Chinese copper smelters are looking to make more investments in mines, pushing to shore up supply of concentrate at a time when competition for the raw material is heating up, industry executives said on Wednesday. China is the world's biggest consumer of the metal but its own copper mine... 

Jervois hunting for partner in Nico Young

By: Esmarie Iannucci     14th November 2018 ASX-listed junior Jervois Mining has started the hunt for a development partner and offtake agreements for Nico Young cobalt/nickel project, in New South Wales. Jervois said on Wednesday that the company remained committed to majority ownership and joint venture operatorship of Nico Young, but... 

Congo State miner wants meeting over Katanga cobalt export halt 

By: Bloomberg     14th November 2018 The Democratic Republic of Congo’s state-owned miner sought an urgent meeting to discuss a decision by Glencore unit Katanga Mining last week to halt cobalt exports. Katanga, controlled by Glencore, announced November 6 it suspended sales from its Kamoto mine in southeast Congo after detecting... 

Congo State miner wants meeting over Katanga cobalt export halt

Hudbay sets date for special shareholders meeting

By: Creamer Media Reporter      14th November 2018 Toronto-headquartered Hudbay Minerals has set February 28 for a special meeting of the company’s shareholders to consider an advisory resolution requisitioned by Waterton Global Resource Management. Waterton, a 7% shareholder of Hudbay, in October requested changes to Hudbay’s board, citing the... 

Copper giant says future's bright as China can handle trade war

By: Bloomberg     14th November 2018 Global copper consumption is set to expand next year even as the U.S.-China trade war rumbles on, according to a major European miner, which expects usage to be underpinned by shifts in the mainland economy and the government’s plans to develop infrastructure across Asia. “Demand for copper shall... 

Copper giant says future's bright as China can handle trade war
Marcin Chludziński

Brazil lawmakers slam Norsk Hydro, regulators for Alunorte leak

By: Reuters     14th November 2018 "Failures and possible crimes" led to a February leak of mineral byproduct at Norsk Hydro ASA's Alunorte alumina refinery in the Amazonian state of Para, a special commission in Brazil's lower house said in a report released on Tuesday A congressional commission assembled to look into the... 

Talon unveils results of initial PEA for Tamarack

By: Creamer Media Reporter      13th November 2018 TSX-listed Talon Metals has announced the results of the initial preliminary economic assessment (PEA) that it used as a basis for negotiating the right to acquire up a 60% interest in the Minnesota-based Tamarack project from Rio Tinto. The initial PEA focuses on the Tamarack North project and... 

Nyrstar plunges as analyst warns shares will get wiped out

By: Bloomberg     12th November 2018 “Abandon ship!” That’s the advice that ABN Amro Group is giving any remaining Nyrstar NV investors. Nyrstar, Europe’s biggest zinc smelting company, is on an inevitable path toward a debt restructuring, said ABN’s Philip Ngotho, whose bearish calls have proven profitable this year. He predicted... 

Afarak will not dismiss board, launches voluntary shareholder buyout

By: Marleny Arnoldi     12th November 2018 LSE-listed specialty alloy producer Afarak Group has resolved to not appoint a new board of directors, following a request by shareholders, who hold a collective 11.09% of shares, to dismiss the company’s board. The shareholders’ request, submitted in August, followed after the Finnish... 

Euro Sun’s Rovina Valley licence fully approved

By: Creamer Media Reporter      12th November 2018 Romanian Prime Minister Viorica Dăncilă has signed the mining licence for the Rovina Valley project, making TSX-listed Euro Sun Mining the first non-State-owned entity to have a ratified mining licence. “The importance of this ratification cannot be overstated. Romania has now demonstrated an... 

Sandfire reports delay in Black Butte permitting process

By: Creamer Media Reporter      12th November 2018 The Black Butte permitting process has been “slightly delayed”, project developer Sandfire America reported last week, citing new environmental requirements in the US state of Montana. TSX-V-listed Sandfire America explained that the Black Butte project would be the first new copper mine in the... 

Rio Tinto completes sale of wharf to LNG Canada

By: Mariaan Webb     12th November 2018 Rio Tinto has completed the lease and sale of a wharf and land in Kitimat, British Columbia, to Royal Dutch Shell-led LNG Canada for $576-million. LNG Canada, a joint venture comprising Shell, Petronas, PetroChina, Mitsubishi Corporation and Kogas, entered into an option agreement with Rio Tinto... 

US postpones sanctions deadline on Russian tycoon's firms

By: Reuters     12th November 2018 The United States on Friday said it was postponing the enforcement of sanctions on Russian companies EN+, Rusal and Gaz PAO for nearly four weeks as their top shareholder works on a plan to cut his stakes. The US Treasury Department had given Russian tycoon Oleg Deripaska until December 12 to... 

US postpones sanctions deadline on Russian tycoon's firms
Russian tycoon Oleg Deripaska

Avrupa starts Portugal drilling as it closes first tranche of placement

By: Creamer Media Reporter      11th November 2018 Canada-listed, Europe-focused junior Avrupa Minerals has closed the first tranche of its private placement of $500 000, comprising 10-million units, allowing the company to start a drilling programme at its project in Portugal. The 2 500-m to 3 000-m drilling programme at the Alvalade copper/zinc... 

Sanjeev Gupta's Liberty gets financing for Dunkirk aluminium smelter

By: Reuters     9th November 2018 Industralist Sanjeev Gupta's Liberty steel company has secured the financing for its acquisition of a Dunkirk aluminum smelter from Rio Tinto . The Liberty company said on Friday that it had entered into a committed financing agreement with a syndicate of major international banks. It said the... 

Zimbabwe platinum miners plan base metal refinery, Minister says

By: Bloomberg     9th November 2018 Platinum miners in Zimbabwe plan to jointly develop a base-metal refinery in the country, Mines Minister Winston Chitando said. The processing plant has been under consideration since at least 2014. The project may cost $134-million, the state-owned Zimbabwe Broadcasting Corp. reported in September. 

Capstone streamlines organisational structure

By: Creamer Media Reporter      9th November 2018 Base metals miner Capstone has announced reductions to its organisational structure, including changes to its senior executive team. The changes include eliminating 35% of positions from its head office in Vancouver, which would reduce corporate general and administrative expenses by about... 

Orion equipping communities to benefit from and contribute to its Prieska project

By: Nadine James     9th November 2018 ASX and JSE listed base metals developer, Orion Minerals, has put a big focus on equipping and enabling the communities surrounding its Prieska Zinc-Copper Project, Northern Cape, to benefit from, and contribute to, the development of a modern, mechanised and productive mining operation, says... 

Orion equipping communities to benefit from and contribute to its Prieska project
Photo by Creamer Media
ERROL SMART Unlike Prieska, most South African mining projects are an extension of legacy mining operations and are therefore locked into a cycle of inefficient labour-intensive, unsafe operations

Copper production, use to increase this year and in 2019 – ICSG

By: Nadine James     9th November 2018 During the International Copper Study Group (ICSG) meeting in Lisbon, Portugal last month, the ICSG reported its expectation that, after a decline of 1.5% in 2017, global mine production, after adjusting for historical disruption factors, is expected to grow by around 2% (full year) in 2018 and... 

Copper production, use to increase this year and in 2019 – ICSG
Photo by Reuters
NEVER TOO MUCH Current ICSG projections are for a small deficit of about 90 000 t in 2018 owing to lower than anticipated refined copper production

Manufacturer ready to supply South and West Africa’s demands

By: Tracy Hancock     9th November 2018 The demand for more effective and efficient impeller and agitator technology is greatly increasing throughout Africa, where mining developments and mineral exploration are constantly budding, says industrial agitator and mixer manufacturer Mixtec sales and projects manager Rudi Swanepoel. 

Manufacturer ready to supply South and West Africa’s demands
NEED FOR INNOVATION Having completed numerous projects in South and West Africa, Mixtec sees the need for innovations and improvements that will assist in shortening lead times and boosting productivity

Talon has another go at Tamarack project

By: Creamer Media Reporter      8th November 2018 A year after declining an option to purchase the Tamarak project in Minnesota, US, from Rio Tinto subsidiary Kennecott Exploration Company, Canadian firm Talon Metals has now entered into a new agreement to gain a controlling stake in the nickel/copper project. The TSX-listed junior has entered... 

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