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Glencore invests in Congo hydropower as solution to blackouts

By: Reuters     Updated 4 hours ago Glencore and its partner in Congo are ploughing $360-million into refurbishing the African nation's main hydroelectric plant as mining companies seek ways to overcome power shortages that are holding back projects. Mining investment has poured into Democratic Republic of Congo since 2006, after... 

Nova plan gets state approval

By: Esmarie Swanepoel     Updated 6 hours ago The Western Australian Department of Mines and Petroleum has approved ASX-listed nickel developer Sirius Resources’ project management plan for its Nova project. Construction at Nova remained on track to start in January next year, subject to financing and the receipt of final approvals and... 

R10bn aluminium supply deal signed with black consortium

By: Creamer Media Reporter      Updated 6 hours ago Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about BHP Billiton's R10-billion, five-year liquid metal supply contract with Isizinda Alumnium. 

R10bn aluminium supply deal signed with black consortium

Chile mining sector to double energy demand by 2025

By: Reuters Chile's sprawling mining industry, responsible for around a third of global copper output, is set to nearly double its electricity use by 2025 as multibillion-dollar investments come to fruition, state copper commission Cochilco said on Wednesday. Top copper producer Chile has seen energy costs... 

Freeport Indonesia says copper output at 80% of capacity

By: Reuters Production at Freeport-McMoRan Inc's huge Indonesian copper mine has yet to return to full capacity after an export dispute with the government and disruption related to workers' safety concerns, the local CEO said on Thursday. Relations between Freeport and its workforce remain strained after a... 

AMVI modifying DSO operations to increase Agata revenue

By: Leandi Kolver Joint venture company Agata Mining Ventures (AMVI) was modifying its high-iron/low nickel direct shipping ore (DSO) operations to include shipments of ore containing higher nickel content to increase revenues at its Agata nickel laterite project in the Philippines. AMVI, in which TVI Resource... 

Namib DFS shows low risk and robust economics

By: Leandi Kolver The definitive feasibility study (DFS) for Aim-listed North River Resources’ Namib lead/zinc/silver mine, in Namibia, has confirmed that the project is technically low risk and economically robust, the company said on Wednesday. It added that a strong after-tax internal rate of return of more... 

BHP misses out to China's Jinchuan on nickel pact

By: Reuters BHP Billiton's struggling Nickel West smelter in Australia lost out on a potential key supply source of nickel when rival Jinchuan Group of China signed a purchase agreement with an Australian miner. Australia's no. 3 nickel miner, Western Areas, on Wednesday said it reached a two-year agreement... 

JV nears completion of Agata nickel processing plant DFS

By: Creamer Media Reporter TSX-V- and Frankfurt-listed Mindoro Resources says its subsidiary, Agata Processing Inc (API), expects to complete a definitive feasibility study (DFS) for a nickel processing plant at the Agata project, in northern Mindanao, Philippines, by the end of this year. TVI Resource Development (TVIRD)... 

PLD confirms Admiral Bay potential

By: Esmarie Swanepoel ASX-listed PLD Corporation on Tuesday confirmed the potential of the newly acquired Admiral Bay zinc project, in Western Australia. PLD said a review of the project data confirmed that the Admiral Bay project hosted about 72-million tonnes, grading 5.4% zinc equivalent for 4.31-million tonnes... 

Lundin starts commercial production at US nickel/copper mine

By: Creamer Media Reporter Canadian diversified miner Lundin Mining on Monday announced the start of commercial production at the Eagle base metals mine, in Michigan, in the US. The high-grade nickel/copper mine, which cost about $400-million to develop, reached commercial production two months after start-up on September... 

Lundin starts commercial production at US nickel/copper mine

BHP Billiton signs R10bn aluminium supply deal with black consortium 

By: Martin Creamer The world’s biggest mining company BHP Billiton has agreed a R10-billion, five-year liquid metal supply contract with a black-controlled consortium in a transaction that gives the South African aluminium industry a shot in the arm. The diversified major, which is in the process of demerging its... 

BHP Billiton signs R10bn aluminium supply deal with black consortium
Photo by Duane Daws
Graham Kerr with Lucas Msimanga, Sizwe Khumalo, Zodwa Manase and David Austin

BHP Billiton’s demerging Newco heading for May vote

By: Martin Creamer The demerging of a selection of BHP Billiton assets into a separate new company (Newco) was going according to plan and heading for a May vote, Newco CEO-elect Graham Kerr said on Monday. Responding to Mining Weekly Online during question time at a media conference on BHP Billiton selling its... 

BHP Billiton’s demerging Newco heading for May vote
Photo by Duane Daws
Graham Kerr with Lucas Msimanga and Sizwe Khumalo

Nevsun denies Bisha human rights allegations in lawsuit

By: Creamer Media Reporter A lawsuit has been filed against Vancouver-based mining company Nevsun Resources in the British Columbia Supreme Court by three individuals who claim to have once worked with a local subcontractor at the Bisha mine, in Eritrea, on the Horn of Africa. The TSX-listed company said on Friday that the... 

Nevsun denies Bisha human rights allegations in lawsuit

Callinex to target high-grade copper- and zinc-rich VMS deposits in Manitoba

By: Creamer Media Reporter TSX-listed Callinex Mines has adopted an aggressive new strategy to discover and develop high-grade copper- and zinc-rich volcanogenic massive sulphide (VMS) deposits. The company has identified its Flin Flon and Pine Bay projects as the focus of future exploration based on potential to host the... 

Mwana subsidiary to issue bond to fund Bindura smelter restart

By: Creamer Media Reporter Multicommodity miner Mwana Africa’s 74.73%-owned Bindura Nickel Corporation (BNC) subsidiary has been granted prescribed asset (PA) status by the Zimbabwe Finance and Economic Development Minister Patrick Chinamasa. This would enable BNC to seek funding through the marketing of a fixed-term bond... 

Peruvian government calls strike at biggest copper mine illegal

By: Reuters Peru's government on Thursday branded a 10-day long strike at the country's biggest copper and zinc mine illegal and the operating company Antamina urged laborers to return to work. The strike, which began on November 10 and stoked concerns about global copper and zinc supplies, includes more... 

Panoramic to start new decline development at Lanfranchi mine

By: Esmarie Swanepoel Nickel miner Panoramic Resources on Friday announced that it would start the development of the Jury-Metcalfe decline, at its Lanfranchi operation, in Western Australia, following an amendment of the existing toll treatment and concentrate purchase agreement with mining major BHP Billiton.... 

Sandfire to invest strongly in organic growth – chair

By: Esmarie Swanepoel Copper/gold miner Sandfire Resources was committed to spending cash to increase production, despite the depressed commodity market, nonexecutive chairperson Derek La Ferla has told shareholders. Speaking at the company’s annual general meeting, La Ferla this week said the company would deploy... 

Taseko concludes acquisition of Curis, Florence copper project

By: Natalie Greve Copper miners Taseko Mines and Curis Resources have concluded a deal that will see Taseko acquire all issued and outstanding common shares in Curis – converting the Arizona-focused producer into a wholly owned Taseko subsidiary. Curis was focused on advancing its 100%-owned Florence copper... 

Goldman and Metro defend aluminum warehousing

By: Reuters In an often-heated hearing before a U.S. Senate investigative subcommittee, Goldman Sachs Group Inc on Thursday rejected allegations that Wall Street banks exploited physical commodity markets to manipulate prices and gain unfair trading advantages. Led by Senator Carl Levin, who chairs the... 

Modular Mining Systems honours Palabora Copper for using its solutions for 30 years

By: Chantelle Kotze Mine management solutions provider Modular Mining Systems last month presented a long-term client service award to refined copper producer Palabora Copper (PC), a subsidiary of Palabora Mining Company (PMC), which extracts and beneficiates copper and other by-products in the Ba-Phalaborwa area,... 

Modular Mining Systems honours Palabora Copper  for using its solutions for 30 years
AWARD HANDOVER Palabora Copper mining division GM Johan van Dyk with the client achievement award presented to it by Modular Mining Systems on October 29, 2014

Seabridge to release new Deep Kerr resource estimate during Q1 2015

By: Leandi Kolver British Columbia-focused project developer Seabridge Gold expected to release a new resource estimate for its Deep Kerr deposit, in Northwestern British Columbia, Canada, during the first quarter of next year. The company on Thursday noted it was confident that the results from the project’s 2014... 

Antofagasta sees copper prices near current levels in 2015

By: Reuters Copper prices should remain around their current levels for most of 2015, though a possible small production surplus towards the end of next year could weigh on prices, said the chief executive of Chilean copper miner Antofagasta Minerals. Three-month copper on the London Metal Exchange (LME) was... 

Vedanta’s Zinc International appoints CEO designate

By: Chantelle Kotze Vedanta Resources’ Zinc International subsidiary has appointed former Anglo American Thermal Coal CFO Deshnee Naidoo as CEO designate. 

Vedanta’s Zinc International appoints CEO designate
Photo by Duane Daws
Vedanta Resources’ Zinc International subsidiary CEO designate Deshnee Naidoo

Heap leaching may lower Olympic Dam costs – BHP Billiton CEO

By: Esmarie Swanepoel Diversified miner BHP Billiton CEO Andrew Mackenzie said on Thursday that the miner was investigating heap leaching opportunities at the Olympic Dam operation, in South Australia, as a gateway to expansion. Speaking at the company’s annual general meeting, Mackenzie told shareholders that heap... 

Heap leaching may lower Olympic Dam costs – BHP Billiton CEO
Photo by Bloomberg
BHP CEO Andrew Mackenzie

KBL questions motives behind Kidman’s board spill attempt

By: Esmarie Swanepoel ASX-listed KBL Mining has questioned the motives behind shareholder and lender Kidman Resources’ call to have the entire KBL board removed. Kidman earlier this week called for a KBL shareholder meeting after KBL chairperson Jim Wall adjourned the company’s annual general meeting (AGM). Kidman... 

AusAmerican raises cash for Chinese buy

By: Esmarie Swanepoel Explorer AusAmerican Mining this week announced plans to raise up to A$60-million through a bond offering in order to fund its acquisition of a majority share in Chinese company Shenglong International Investments. The first A$30-million would be raised through the first tranche of the note... 

Sandfire halts underground mining at DeGrussa

By: Esmarie Swanepoel Copper miner Sandfire Resources on Thursday confirmed that it had temporarily suspended development of the Conductor 4/5 decline at its DeGrussa mine, in Western Australia, due to increased water flows. The miner said in a statement that the increased water flows occurred at the location of... 

Kidman seeks board overhaul at KBL

By: Esmarie Swanepoel ASX-listed Kidman Resources has called for a shareholder meeting of fellow listed KBL Mining to allow for a vote on the removal of the entire KBL board, after chairperson Jim Wall on Wednesday adjourned the company’s annual general meeting (AGM) until November 28. Kidman said that the AGM was... 

Carbine scoping delivers results at Mount Morgan

By: Esmarie Swanepoel A scoping study by ASX-listed Carbine Resources into its Mount Morgan copper/gold project, in Queensland, has proven that the project was economically viable. Based on a one-million-tonne-a-year operation, with a mine life of about eight years, the Mount Morgan project was expected to deliver... 

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