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Base Metals News

Strategic Minerals to purchase Australian copper mine outright

By: Mariaan Webb     15th December 2017 Aim-listed Strategic Minerals has renegotiated the terms of its acquisition of the Leigh Creek copper mine, in South Australia, and has decided to purchase the mine for A$3-million through an equal mixture of cash and equity. When Strategic Minerals announced the planned acquisition in October,... 

RNC raises funding to support WA nickel ramp up

By: Creamer Media Reporter      15th December 2017 TSX-listed RNC Minerals has restructured a loan and raised additional funds to support the nickel ramp up at its Western Australia-based Beta Hunt mine, where it aims to double production to four-million pounds next year. The company announced this week that it had restructured its financing... 

Rio Tinto not expected to relinquish interest in Freeport Indonesia until 2022 – govt official

By: Reuters     15th December 2017 Rio Tinto is not expected until 2022 to relinquish its interest in the giant Grasberg copper mine in Indonesia operated by the local unit of Freeport McMoRan, a government official said on Friday. "In 2022 it will automatically convert to a shareholding," the official said, referring to Rio's... 

BC govt refuses KGHM’s Ajax environmental permit

By: Henry Lazenby     15th December 2017 The British Columbia provincial government on Thursday refused to issue Polish base metals miner KGHM Polska Miedź’s Ajax copper/gold mine a provincial environmental certificate, saying the adverse effects of the project outweigh the potential benefits. The news is a blow to the nearby City of... 

BC govt refuses KGHM’s Ajax environmental permit

Zinc miner secures its position in global top ten producers

By: Robyn Wilkinson     15th December 2017 Zinc miner Trevali Mining Corporation has added high-quality zinc production to its existing portfolio and expanded its asset and geographic diversification this year, securing its position as a global top-ten zinc producer. 

Zinc miner secures  its position in global top ten producers
ROSH PINAH Namibia is an attractive mining jurisdiction, hosting many operating mines, including Rosh Pinah

Mines urged to leverage technology to supercharge human capital development

By: Nadine James     15th December 2017 Mining companies should leverage technology to spur employee development, aiding in the upskilling of staff while enhancing employee and resource management, says information technology services company Wipro Southern Africa. While mines have incrementally implemented technology into their... 

Fast-paced developments at Prieska benefit all stakeholders

By: Robyn Wilkinson     15th December 2017 Australian minerals explorer Orion Minerals’ activity at the Prieska zinc/copper mine present an “unparalleled” value creation opportunity for investors and shareholders while promoting and supporting critical socioeconomic development in the Northern Cape, says Orion Minerals MD Errol Smart.  

Fast-paced developments at Prieska benefit all stakeholders
PROJECT ADVANCES Sixteen drill rigs are operating on site in a dual-focused drill programme that aims to confirm the extensive historical drilling database on the remaining mineralisation at Prieska

New South African zinc mine going digital

     15th December 2017 Zinc miner Vedanta Zinc International (VZI) is collaborating with digital industrial company GE South Africa to implement a Smart Ore Movement system at its flagship Gamsberg project, in the Northern Cape, to ensure that best practices are in place when the mine goes into production next year. 

New South African zinc mine going digital
Photo by Duane Daws
STARTING ON THE RIGHT FOOT The Smart Ore Movement system will be implemented in the development phase of the Gamsberg project rather than retrofitted once the mine is on line

Zambia sees 2017 copper output rising up to 850 000 t

By: Reuters     14th December 2017 Zambia's 2017 copper output is expected to increase to between 800 000 t and 850 000 t from 774 290 t in last year, Mines Minister Christopher Yaluma on Thursday. Zambia's copper production is next year likely to increase further to reach 1-million tonnes, Yaluma said, citing improved power... 

Orion identifies exploration targets through survey

By: Megan van Wyngaardt     14th December 2017 A 962 km2 high-power SkyTEM airborne electromagnetic (EM) survey that dual-listed Orion Minerals started at the Areachap Belt, in the Northern Cape, in late November, has identified four primary and 11 secondary priority targets for exploration. The company now intends to expand its activities to... 

Electronic waste at new high, squandering gold, other metals – study

By: Reuters     14th December 2017 Electronic waste rose to a record 45-million tonnes worldwide in 2016, squandering valuable metals such as gold and copper since few trashed televisions, cellphones or other products get recycled, a UN-backed study showed on Wednesday. Rising incomes and falling prices for everything from solar... 

Chinese cobalt chemicals giant backs Nzuri’s DRC copper/cobalt mine

By: Mariaan Webb     14th December 2017 The world’s largest cobalt chemical producer, Huayou Cobalt, has made a A$10-million strategic investment in Australia-listed Nzuri Copper to advance that company's copper and cobalt projects in the Democratic Republic of Congo (DRC). China’s Huayou, which also has established operations in the... 

Finders says shareholders are rejecting Eastern Field offer

By: Mariaan Webb     14th December 2017 Takeover target Finders Resources said on Thursday that Eastern Field Developments has not yet received a single acceptance of its A$0.23-a-share offer for the company, despite the bid having been open for 22 days. “The overwhelming support from shareholders is an emphatic rejection of Eastern... 

Steel tycoon considers bid for Rio Tinto's Dunkirk aluminum smelter - sources

By: Reuters     14th December 2017 Liberty House, the industrial and commodities group buying a number of steel assets around the world, is considering a bid for Rio Tinto's aluminium smelter in northern France, the largest in Europe, three sources with direct knowledge of the matter told Reuters. The Dunkirk plant, which the... 

Ivanhoe concludes Kipushi PFS, embarks on DFS

By: Natasha Odendaal     13th December 2017 TSX-listed Ivanhoe Mines has outlined the “outstanding” findings of a prefeasibility study (PFS) to revive the historic Kipushi zinc-copper-silver-germanium mine, in the Democratic Republic of Congo. The PFS, undertaken to refine the findings of the 2016 preliminary economic assessment (PEA) and... 

San Jose feasibility study fully funded

By: Megan van Wyngaardt     13th December 2017 ASX-listed Plymouth Minerals has received commitments to raise $6.5-million through the issue of 36.4-million shares at $0.18 apiece, with the funds committed towards the completion of a feasibility study at its San Jose lithium/tin project, in the mining region of Extremadura, Spain. The company... 

Indonesian consortium wants Finders to clarify ‘misleading’ target statement

By: Mariaan Webb     13th December 2017 The Indonesian consortium bidding for Australian miner Finders has extended its offer period to January 19, to allow the takeover target to clarify a number of “misleading” statements in the target statement. The target statement, which Finders sent to shareholders on December 5, is used to... 

Moody’s sees stable year ahead for base metals, but also expects some risk factors

By: Megan van Wyngaardt     13th December 2017 Ratings agency Moody’s believes 2018 will be a year of relative stability for the global base metals industry after some recovery was experienced this year. In a 2018 outlook analysis, released on Wednesday, the agency noted that these improved supply/demand fundamentals would hold on the back of... 

Moody’s sees stable year ahead for base metals, but also expects some risk factors

Separate stock exchange listing for Aura’s Sweden project

By: Mariaan Webb     13th December 2017 Dual-listed uranium and gold focused Aura Energy has started the process to list its Häggån project in Sweden separately on multiple international exchanges to “maximise the value of the battery metal content” of the project. The project contains vanadium, molybdenum, cobalt, neodymium, nickel... 

Glencore’s Lady Loretta restart adding to regional jobs prospects

By: Mariaan Webb     13th December 2017 News that diversified miner Glencore is restarting its Lady Loretta zinc mine in north-west Queensland is adding to a regional jobs story, with 250 people to find employment as a result of the miner’s decision to resume phased production next year. “What we are seeing right across commodities is... 

Workers at Chile's Quebrada Blanca mine set to strike

By: Reuters     13th December 2017 A union at Teck Resources' Quebrada Blanca copper mine, in Chile, is set to strike on Wednesday after contract talks mediated by the Chilean government failed to reach a deal, the union told Reuters on Tuesday. Jorge Flores, the president of a 105-member union that represents around a quarter of... 

Glencore guiding soaring 2018 earnings

By: Martin Creamer     12th December 2017 Diversified mining and marketing company Glencore sees itself as being best placed for the electric vehicle revolution through its ‘tier 1’ copper, cobalt, nickel, zinc and thermal coal assets. The company said in an investor day update on Tuesday that sustainably low-cost and long-life first... 

Glencore guiding soaring 2018 earnings
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Weatherly to acquire Zambia copper development project

By: Mia Breytenbach     12th December 2017 Aim-listed Weatherly International will acquire the Kitumba copper project in Zambia from ASX-listed Intrepid Mines for an upfront cash consideration of A$4.75-million. The company on Tuesday announced that it had entered into a binding agreement with Intrepid to buy the project, with the... 

Finders says Eastern Field offer acceptances low

By: Creamer Media Reporter      12th December 2017 Shareholders representing 33.19% of ASX-listed Finders Resources have indicated that they do not intend to accept a takeover offer from Eastern Field Developments, the takeover target reported on Tuesday. The company said that Taurus Funds Management, which represent 11.31% of Finders shares on... 

Orion eyes early mining using existing Prieska infrastructure

By: Natasha Odendaal     12th December 2017 Dual-listed Orion Minerals has initiated investigations into the early mining of potentially significant remnant zinc/copper mineralisation within accessible areas of existing mine infrastructure of the historic Prieska mine, in the Northern Cape. Orion is evaluating potential sulphide... 

Kasbah to revise plans for Morocco tin project

By: Megan van Wyngaardt     12th December 2017 ASX-listed Kasbah Resources will revise its definitive feasibility study (DFS) for the Achmmach tin project, in Morocco, after having identified several project optimisation opportunities that have the potential to materially improve the project and reduce risk. These opportunities mainly relate... 

Katanga completes WOL hot commissioning

By: Natasha Odendaal     12th December 2017 The hot commissioning of the core of the first train of TSX-listed Katanga Mining’s new whole ore leach (WOL) processing facility has been completed. The company in September 2015 suspended the processing of copper and cobalt at subsidiary Kamoto Copper Company’s (KCC’s) copper and cobalt mine,... 

Trevali discovers significant new massive sulphide zone at New Brunswick-based Caribou mine

By: Henry Lazenby     12th December 2017 Zinc producer Trevali Mining has discovered a significant new body of massive sulphide mineralisation containing significant zinc-rich polymetallic intervals at the Caribou zinc mine, in the Bathurst Mining Camp of New Brunswick. The additional mineralisation substantiates Trevali's decision to... 

Trevali discovers significant new massive sulphide zone at New Brunswick-based Caribou mine
Photo by Trevali Mining
The Caribou mine, in New Brunswick

Crucial for commodity countries to build economic resilience – Unctad 

By: Martin Creamer     11th December 2017 Without policy change, commodity-dependent developing countries risk falling short of achieving their sustainable development goals (SDGs) by 2030, United Nations Conference on Trade and Development (Unctad) economic affairs officer Stefan Csordas warned on Monday. Unctad and the Food and... 

Crucial for commodity countries to build economic resilience – Unctad
Unctad’s Stefan Csordas discusses commodities report with Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Lionel de Silva.

Cyril Ramaphosa calls for mining sector action

By: Martin Creamer     11th December 2017 South Africa must urgently break the ongoing deadlock on the regulation and transformation of the mining sector to ensure the proper use of this country’s world-class mineral resources, says Deputy President Cyril Ramaphosa. In an article on the CR17 Siyavuma campaign website, ahead of this... 

Cyril Ramaphosa calls for mining sector action
Photo by Duane Daws
Deputy President Cyril Ramaphosa

Weatherly’s losses more than triple on back of Tschudi operational challenges

By: Mia Breytenbach     11th December 2017 Despite a revenue increase to $75.1-million from $63.7-million for the year ended June 30, Aim-listed Weatherly International’s losses for the year ended June 30 have more than tripled to about $40.1-million from $10.6-million, the company reported on Monday. Losses a share widened to $3.64 from... 

Downer, Ausenco awarded $312m Carrapateena contract

By: Mariaan Webb     11th December 2017 South Australian copper and gold miner Oz Minerals has awarded engineering groups Downer EDI and Ausenco a $312-million contract at the Carrapateena mine. The companies have been contracted for the engineering, procurement and construction of a new minerals processing plant, including non-process... 

Congolese lower house adopts new mining code that increases taxes

By: Reuters     11th December 2017 The Congolese lower house of parliament has adopted a new mining code that will increase taxes and royalties, two members of parliament and an aide to the speaker said. The code had originally been proposed in 2015, but was shelved because of fierce objections from mining companies, which... 

First mover Noront shifts RoF focus to Cu/Zn exploration

By: Henry Lazenby     8th December 2017 With the first commitments in place to build roads into Northern Ontario’s emerging Ring of Fire (RoF) mining camp, regional first mover Noront Resources is taking the opportunity to continue to build out its inventory of polymetallic resources by prioritising copper/zinc targets for exploration... 

First mover Noront shifts RoF focus to Cu/Zn exploration

Alta Zinc says updated resource estimate supports growth strategy

By: Creamer Media Reporter      8th December 2017 ASX-listed Alta Zinc, formerly Energia Minerals, has updated the mineral resource estimate for the Colonna Zorzone deposit at its Gorno zinc project, in northern Italy.The resource estimation revision, which was commissioned to include all drilling results obtained to date, primarily focused on... 

Tanzania-Zambia railway authority resumes transportation of copper

By: Reuters     8th December 2017 The Tanzania-Zambia Railway Authority (TAZARA) said on Friday it had resumed transportation of copper which it halted on Tuesday after unionised workers went on strike. TAZARA suspended all train services, including the transportation of copper following a strike by workers in Africa's... 

Owner’s engineer role by ‘Proudly South African’ Erudite pleasing Perth 

By: Martin Creamer     8th December 2017 New ‘Proudly South African’ start-up Erudite Strategies has hit a rich vein of acceptance in Australia, where investors in junior mining projects in Africa are showing alacrity in taking up its unique client representative and owner’s engineer offering. Each of Erudite’s three leading lights has... 

Owner’s engineer role by ‘Proudly South African’ Erudite pleasing Perth
Mining Weekly Online’s Martin Creamer interviews Johann de Bruin, the founding director of the new project engineering company Erudite. Video: Nicholas Boyd. Video Editing: Nicholas Boyd and Lionel da Silva.

Helping mines find the real source of nitrates in water

By: Nadine James     8th December 2017 The issue of water quality has become topical in the aftermath of the contamination in the Olifants River catchment in Mpumalanga, as well the surfacing of acid mine drainage around Gauteng and other provinces.   Mining consultancy SRK Consulting’s principal hydrogeologist Sarah Skinner... 

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