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Mincor assets deliver in Sept quarter

By: Esmarie Swanepoel     Updated 7 hours ago Nickel miner Mincor Resources has exceeded its production expectations during the September quarter, as both its operating mines, in Western Australia, exceeded yearly production targets. During the three months under review, Mincor increased production to 2 515 t of nickel-in-ore, up 5%... 

Chieftain Metals reports strong project feasibility optimisation

By: Henry Lazenby The proponent of the Tulsequah Chief polymetallic project, in British Columbia, Chieftain Metals, late on Monday published the results of an optimised feasibility study, aimed at improving the financeability of the project in the current difficult market. The 2014 feasibility update, prepared by... 

Chieftain Metals reports strong project feasibility optimisation

Tiger ups production as SX-EW plant hits nameplate

By: Esmarie Swanepoel Copper cathode producer Tiger Resources has reported a significant surge in production after its solvent extraction electrowinning (SX-EW) plant, at its Kipoi project in the Democratic Republic of Congo, reached nameplate capacity. First copper cathode was produced in May this year, and the... 

Tiger closes deal to fully acquire Kipoi copper play

By: Natalie Greve ASX-listed Tiger Resources has completed the acquisition of the remaining 40% shareholding in Société d’Exploitation de Kipoi (SEK), the owner of the Kipoi copper project, in the Democratic Republic of Congo (DRC). SEK was now a wholly-owned subsidiary of Tiger, with the deal having followed the... 

Norilsk sheds African assets in $337m deal 

By: Natasha Odendaal Norilsk Nickel is set to sell its African assets to Botswana-based mining company BCL for $337-million, as the Russian miner’s newly adopted strategy to shed all international assets moves forward. The parties on Monday announced the conclusion of definitive transaction agreements that would see... 

Norilsk sheds African assets in $337m deal

Talisman to pay $10m for Glencore’s idled Sinclair nickel mine

By: Esmarie Swanepoel Minerals explorer Talisman Mining has signed an agreement with major Glencore’s Xstrata Nickel Australasia Operations to acquire the Sinclair nickel mine, in Western Australia, for a deal valued at A$10-million. Under the terms of the agreement, Talisman would make a cash payment of A$8-million... 

Hillgrove reports solid quarter

By: Esmarie Swanepoel Copper miner Hillgrove Resources has reported solid production in the third quarter, despite it being only a two-month quarter as the company aligned its financial year to the calendar year. For the two months ended September, Hillgrove’s Kanmantoo copper mine, in South Australia, delivered 4... 

China metals demand seen up in 2015, copper at least 6%

By: Reuters China's consumption of refined copper is expected to rise at least 6% in 2015, roughly in line with this year, supported by new investment in power networks and demand from rail projects, analysts and industry executives said. An expected slowdown in new residential and commercial building... 

Chile cuts copper production forecast for 2014

By: Reuters Chile reduced its forecast for production of copper in 2014 to 5.83-million tonnes, down from a previous prediction for 5.95-million tonnes. State copper commission Cochilco said on Friday that the country, the world's top copper producer, would likely produce a record 6.23-million tonnes in 2015. 

Philippines clears way for Marcventures' expanded nickel mining

By: Reuters Marcventures Holdings Inc , one of the Philippines' biggest nickel miners, has won government approval to expand its mining operations, helping it to ramp up ore exports to top buyer China, the company said on Friday. The decision by the Mines and Geosciences Bureau (MGB) will allow Marcventures... 

Vale to divest 20% of Indonesian unit within five years – CEO

By: Reuters Nickel miner Vale Indonesia will divest a further 20% stake of the company to Indonesian parties within five years, the firm's chief executive said on Friday, after signing an amended mining contract with the government of Indonesia. Vale has already divested a 20% stake via its public listing... 

CAER refuses to rewrite Sandfire profile

By: Esmarie Swanepoel The Centre for Australian Ethical Research (CAER) on Friday rejected claims that it would rewrite its profile of copper miner Sandfire Resource, which resulted in the Australian National University (ANU) dumping its stock earlier this month. Following a review by CAER, the ANU took the decision... 

Western Areas bumps production in first quarter

By: Esmarie Swanepoel Nickel miner Western Areas has bumped up production during the first quarter ended September to produce 6 660 t of nickel, up 380 t from the previous quarter. Mill production was also up by 175 t on the previous quarter to 6 511 t. 

Burgess waves goodbye to Oz

By: Esmarie Swanepoel Terry Burgess stepped down as chief of ASX-listed Oz Minerals on Friday, to be replaced by Andrew Cole on December 3. In the interim, CFO Andrew Coles would be acting as CEO until Cole could take his position as MD and CEO. Burgess has also agreed to assist the company until the end of the year... 

X2 sitting on $5bn war chest

By: Creamer Media Reporter Creamer Media's Shannon de Ryhov speaks to Mining Weekly editor Martin Creamer about X2 Resources garnering another $1-billion to take the incipient mining company towards financial reserves of close on $5-billion. 

X2 sitting on $5bn war chest

Peru rules out tax breaks or subsidies to counter slowdown

By: Reuters Peru's government has ruled out cutting taxes or introducing subsidies to encourage investment and cushion export sectors from the worst economic slowdown in five years, the minister responsible for industry said on Thursday. The government said earlier this year that it was considering... 

Draft counterflow cooling towers ideal for cooling slurry

By: Bruce Montiea With the copper mining industry in mind, industrial cooling tower systems provider Industrial Water Cooler (IWC) designs and manufactures forced draft counterflow cooling towers for the specific pressure-leach process used in copper mining. IWC MD Roger Rusch says the cooling towers excel at... 

Draft counterflow  cooling towers ideal for cooling slurry
Photo by Bloomberg
COOLED SLURRY The cooling towers excel at cooling slurry with high levels of solids

Reliable temperature control solutions prevent lost time

By: Bruce Montiea Temporary power and temperature-control solutions supplier Aggreko can provide mining companies with reliable solutions, enabling them to continue their operations without interference such as equipment breakdowns or maintenance downtime, says Aggreko Southern Africa GM Martin Foster. “Our... 

Reliable temperature  control solutions  prevent lost time
COOLING SYSTEM Aggreko supplies a full range of water and air-cooled chillers, cooling towers and bulk air coolers, all utilising an environment-friendly refrigerant system

Novelis plans to shut Brazilian smelter by year-end

By: Reuters Novelis said on Thursday it will close its Ouro Preto aluminium smelter in Brazil, the latest casualty of high energy costs and low metal prices as the world's top rolled products maker focuses on downstream higher-value products. The plant, which makes 18 000 t/y of extrusion billet, will shut... 

Renewable energy a tough sell for prospective RoF developers

By: Henry Lazenby Among the many challenges facing as many as 20 mining companies holding claims in the Ring of Fire (RoF) mineral region of Northern Ontario, the most significant might be the limited infrastructure. However, besides having to deal with exploration, project planning, First Nations negotiations and... 

Renewable energy could open door to social licence for new mines in RoF 

By: Henry Lazenby A poll released on Thursday revealed that First Nations living in the remote far northern reaches of Ontario, including near the latent Ring of Fire minerals-rich district, would be more agreeable to allow mining projects to take root near their communities if the mines were to make use of... 

Renewable energy could open door to social licence for new mines in RoF

Precious metals markets influenced by monetary conditions, industrial metal prices remain detached – report

By: Leandi Kolver While precious metal markets were influenced by monetary conditions, industrial metals have managed to remain somewhat detached from generic economic conditions, with prices being determined by fundamentals of supply and demand that were, in many cases, specific to each metal, French corporate... 

Precious metals markets influenced by monetary conditions, industrial metal prices remain detached – report

SA’s mineral resources are auto industry’s only true advantage – Van Zyl

By: Irma Venter The only real competitive advantage the local automotive industry has over international competitors is the availability of natural resources in the country, says National Association of Automobile Manufacturers of South Africa president and Toyota South Africa Motors CEO Dr Johan van Zyl. “We... 

China's MMG to spend $3bn to finish Peru mine by early 2016

By: Reuters China's MMG Ltd said it will spend about $3-billion completing the huge Las Bambas copper mine in Peru, more than previously expected, and will slightly delay the start of production to the first quarter of 2016. MMG led a Chinese consortium that bought Las Bambas, set to become the world's... 

DeGrussa delivers another strong quarter for Sandfire

By: Esmarie Swanepoel Copper and gold miner Sandfire Resources has reported a solid quarter of production from its DeGrussa operation, in Western Australia, during the three months ended September. Copper production decreased slightly from 16 446 t in the June quarter to 16 064 t, while gold production edged up from... 

R50m virtual reality centre set to revolutionise mine design

By: Martin Creamer The University of Pretoria’s new virtual reality mine design centre, which is on track to go into test mode in April, is set to revolutionise both surface and underground mine design. A total of R50-million is being invested in the centre, which will be put into a three-month test phase ahead of... 

R50m virtual reality centre set to revolutionise mine design
Photo by Creamer Media
Prof Ronny Webber-Youngman (right) and Martin Creamer

With Glencore lurking, Rio Tinto stake gives Chinalco global clout

By: Reuters A seat on the board, a bigger role in the world's largest mining company, a copper project in Peru or full control of an iron-ore project in Guinea. Those are the sort of prizes Chinese aluminium firm Chinalco, the top shareholder in Rio Tinto, is likely to be looking for as trading giant... 

With Glencore lurking, Rio Tinto stake gives Chinalco global clout
The headquarters of Aluminum Corp. of China (Chinalco) in Beijing, China. Glencore has reportedly opened talks with Chinalco - Rio Tinto's top shareholder - to gauge interest in a tie-up with the diversified major.

Alcoa to sell stake in bauxite mining and aluminium refining JV to Noble

By: Henry Lazenby NYSE-listed aluminium and specialty alloys manufacturer Alcoa on Wednesday announced that it would sell its stake in a bauxite mining and aluminium refining joint venture (JV) to raw materials trader Noble Group. Alcoa said it had inked a definitive agreement that would result in Alcoa World... 

Alcoa to sell stake in bauxite mining and aluminium refining JV to Noble

Trafigura seeks to oust EMED board in fight over Rio Tinto mine

By: Reuters Commodities trader Trafigura, top shareholder in London-listed EMED Mining, is seeking investor support to oust all of the firm's board directors but one in the latest twist in a battle over Spain's Rio Tinto copper mine. The trader in raw materials and rival investor in Spanish mining, seeking... 

Trafigura seeks to oust EMED board in fight over Rio Tinto mine

Mick Davis X2 now sitting on nigh-$5bn war chest

By: Martin Creamer Old Xstrata recollections were reignited on Tuesday as former Xstrata CEO Mick Davis announced that his new X2 Resources had garnered in another $1-billion to take the incipient mining company towards financial reserves of close on $5-billion. A number of new investors have taken the X2 total up... 

Mick Davis X2 now sitting on nigh-$5bn war chest
Photo by Duane Daws
Flashback Mick Davis picture

Report warns of additional copper price weakness in 2015

By: Natalie Greve The copper market continues to fight strong downward pressure from increased supply, a weaker demand growth outlook and fears of metal previously tied up in financing coming back to the market, setting the scene for further price weakness, an updated report by Thomson Reuters GFMS has revealed.... 

Report warns of additional copper price weakness in 2015
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