Global Mining News in real time

Base Metals News

Mincor announces management succession

By: Esmarie Swanepoel Nickel miner Mincor Resources has announced the succession of its MD David Moore, who will switch to a non-executive role after 16 years at the helm of the company. Moore will move to the position of deputy chairperson from March 1. However, he will remain actively involved in the company, but... 

Canadian commodities rally short-lived

By: Megan van Wyngaardt After dropping to a decade low in August and September, Scotiabank's Commodity Price Index rallied 3.7% month-on-month in October, but remained 29.1% lower than a year ago. An easing of concern over the slowdown in China's economy and a potential US Federal Reserve (Fed) interest rate hike... 

Aquila’s Michigan application process administratively complete

By: Creamer Media Reporter Canadian project developer Aquila Resources’ mine permit application for its Back Forty project, in the US, was administratively complete, the company reported on Friday. Aquila said that the Michigan Environment Quality Department had completed its initial review of the application and that it... 

Large China copper smelters agree to cut production 5% in 2016

By: Reuters Nine large copper producers in China have agreed to cut refined metal production by more than 200 000 t in 2016 or around 5% from this year's level, an executive at one of the producers said on Saturday. The nine producers also will ask the state-controlled industry body, China Nonferrous Metals... 

Codelco profits tank, nine-month copper production up slightly

By: Reuters Chilean State-run copper producer Codelco said on Friday pretax profit for the period from January to September fell 47% to $1.2-billion, dragged down by a falling copper price. The world no.1 copper producer produced 1.26-million tonnes of copper during those months, a 2% rise from a year ago,... 

Nickel's hiatus may be brief without output cuts, stronger demand

By: Reuters Nickel's spectacular fall since the middle of last year may have come to a halt, but without significant, enduring output cuts and stronger demand from China's stainless steel mills the reprieve could be brief. Benchmark nickel on the London Metal Exchange fell to $8 145 /t earlier this week,... 

Talon Metals secures funding to earn stake in US project

By: Megan van Wyngaardt Mineral exploration company Talon Metals has secured $15-million in funding from private equity firm Resource Capital Fund (RCF), that will allow it to conduct further exploration at the Tamarack nickel/copper/platinum group elements project, in Minnesota, in the US, to earn an 18.45% interest in... 

Bisha mine, Eritrea

By: Sheila Barradas A gold/copper/zinc deposit, located 150 km west of Asmara, in Eritrea. 

Bisha mine, Eritrea


Tramecon is a turnkey laboratory solutions provider, servicing mining projects worldwide from its wholly owned Randburg facility, comprising two mini factories covering 400 m2. The company has recently supplied South Africa-based product logistics monitoring for a Democratic Republic of Congo... 

Zambia's Lungu says won't take over struggling mines

By: Reuters Zambia does not plan to take over mines that have shed jobs after a sharp fall in global copper prices, President Edgar Lungu said on Thursday, backtracking from a warning earlier this month that the state would take over such mines. Lungu said the economy would grow at a slower pace than... 

Rio Tinto set to decide on expansion of Mongolia copper mine

By: Reuters Rio Tinto is lining up project financing for a $4-billion expansion of its long-delayed Oyu Tolgoi copper mine in Mongolia and will make a final investment decision early next year, a senior executive said on Thursday. The mine, which started producing from an open pit over two years ago, is the... 

Rio Tinto set to decide on expansion of Mongolia copper mine

PEA shows solid case for Copper Fox's Arizona project

By: Megan van Wyngaardt A preliminary economic assessment (PEA) of TSX-listed Copper Fox’s Van Dyke copper project in Miami, Arizona, has shown the project could generate gross revenue of $1.37-billion over an 11-year mine life, based on a $3/lb estimated copper price. The PEA also suggested that Van Dyke was a... 

British Columbia, Alaska sign pact on protecting shared waterways

By: Reuters The Canadian province of British Columbia signed a memorandum of understanding with Alaska on Wednesday to protect transboundary rivers, watersheds and fisheries and be more involved in major mining developments in each other's territory. Under the agreement, a bilateral group will be created to... 

Low copper price sees Weatherly defer loan repayment

By: Megan van Wyngaardt Aim-listed Weatherly International’s share price on the LSE dropped by more than 21% on Wednesday as the company reported that it was unable to service its debt facility with Orion Mine Finance. The current copper price of $4 515/t – a six-year low – meant that the Tschudi mine, in northern... 

Silver Lake sells noncore Murchison tenements

By: Esmarie Swanepoel Gold miner Silver Lake Resources entered into two transactions to extract value from its noncore tenements in the Murchison region of Western Australia, the ASX-listed company announced on Wednesday. In its first transaction, Silver Lake entered into a conditional sales and purchase agreement... 

Yukon project to require $174m investment - MinQuest

By: Esmarie Swanepoel A scoping study into the Marg multi-metals project, in Canada's Yukon territory, has found that the project could support a production rate of 1.25-million tonnes a year from an underground operation, with a seven-and-a-half year mine life. The Marg project is forecast to produce 241 400 t of... 

Goldcorp, Teck complete combination of Chile projects

By: Creamer Media Reporter Gold major Goldcorp and diversified miner Teck Resources have completed the combination of their respective El Morro and Relincho projects, in Chile, into a 50:50 joint venture (JV), paving the way for a prefeasibility study (PFS) to start next year. Goldcorp said in a statement on Tuesday that... 

Antofagasta may cut costs more if copper price stays low – CEO

By: Reuters Chilean mining company Antofagasta will likely have to further cut costs if the price of copper does not recover within the next month, CEO Diego Hernandez said on Tuesday. Some cuts had already been made, said Hernandez, speaking on the sidelines of a mining forum in Santiago. 

Roy Harvey to head Alcoa's commodities business post split

By: Reuters Aluminum producer Alcoa Inc said it named Roy Harvey chief executive of its traditional aluminum smelting and refining operations, which would be separated from its faster growing plane and car parts business. Harvey, 41, is currently the president of Alcoa's global primary products business,... 

China zinc smelter cuts fail to tip the supply-demand balance

By: Reuters Output cuts announced by Chinese zinc smelters last week will do little to tighten next year's global supply-demand balance in refined metal because already known mining cutbacks would have forced smelters to reduce production anyway. On top of that, hard-hit prices will fail to get much of a... 

Harmony declares maiden resource at Kili Teke prospect

By: Natasha Odendaal Gold miner Harmony Gold is “thrilled” with the prospect of transforming its Kili Teke resource – the first new porphyry copper-gold deposit defined in Papua New Guinea since the Golpu discovery in the early 1990s – into a major new deposit. Following the declaration of the greenfield project’s... 

Ethics probe should not delay Freeport Indonesia divestment, says govt

By: Reuters A parliamentary ethics probe into a meeting between the speaker of Indonesia's house of representatives and officials from mining giant Freeport McMoRan should not delay the company's divestment plans for its Indonesian unit, a mining ministry official said on Tuesday. Freeport Indonesia must... 

Glencore's Zambia copper mining unit lays off 4 300 workers – sources

By: Reuters Glencore's Zambian unit has laid off 4 300 workers, union and company sources said on Tuesday, as the mining and trading company deepens cuts in copper output to support flagging prices. "The company started giving out the letters of redundancy yesterday and has continued with the exercise... 

Poseidon to process Silver Swan ore in China

By: Esmarie Swanepoel Nickel miner Poseidon Nickel has signed an offtake agreement with China’s Tsingshan over the Silver Swan project, in Western Australia. Poseidon reported on Tuesday that the offtake agreement covered the first two-and-a-half years of mine output from Silver Swan. The company would deliver broken... 

China's zinc output cut to provide brief respite for prices

By: Reuters China's major zinc smelters said on Friday they will slash output by 500 000 t next year, almost one-fifth of their output as the industry tries to boost prices languishing at six-year lows. A joint statement by ten of the world's top zinc producers on the Shanghai-based consultancy SMM's website... 

Madagascar to pass mining, petroleum code in next months – President

By: Reuters Madagascar expects to pass its new mining and petroleum code by early next year at the latest and sees economic growth of 5% in 2016, its president said on Thursday. One of Africa's poorest countries, Madagascar hopes to accelerate economic growth by developing natural resources but it has... 

Mining industry may see M&A rush on weak share prices – McKinsey

By: African News Agency The fall in the share prices of mining companies could offer potentially valuable merger and acquisition opportunities for those in the industry who want to expand, global consulting group McKinsey & Company said on Friday, adding that recent M&A activity indicated some of those in the business... 

New software enables local mines to shorten survey cycles

By: Samantha Herbst Three Southern African mine owner-operators have upgraded their mine survey capability using software launched last year by global infrastructure software developer Bentley Systems. To increase production efficiency by delivering more timely information for planning and operational purposes,... 

New software enables local mines to shorten survey cycles
SURVEY SOFTWARE MineCycle Survey is enabling operations to quickly implement actionable survey intelligence and to distribute that information throughout the enterprise

Rosebery mine, Tasmania

By: Sheila Barradas A zinc/lead/copper/gold/silver mine, located in Tasmania about 300 km north-west of Hobart and 1 205 km south of Burnie. 

Rosebery mine, Tasmania

Vale to shut Manitoba nickel smelting, refining in 2018

By: Reuters Brazilian miner Vale will close its nickel smelting and refining operations in the western Canadian province of Manitoba in 2018, but will continue mining and milling despite the plunge in the price of nickel, a company official said on Thursday. Vale, the world's biggest nickel producer, will... 

Resources Watch

By: Sashnee Moodley AMSA adds R4.5bn rights issue to survival plan; AngloGold increasingly ‘upbeat’ on new improving mining technology; And, locally developed rail transport system to be deployed in 2016 

Resources Watch

Western Areas power restored

By: Esmarie Swanepoel Grid power has been restored to nickel miner Western Areas’ Forrestania operations, in Western Australia. The Forrestania operations temporarily lost power following a regional bush fire about 35 km to the north of the mine site. 

Senators press US administration on China aluminum extrusion duties

By: Reuters Twelve US senators on Wednesday urged the Obama administration to enforce duties on Chinese aluminium extrusions, the latest call for government action as the US industry escalated calls to curb subsidised imports of the metal. In a letter to Department of Commerce Secretary Penny Pritzker and... 

Project-generator finds significant PGM intersections at Sunday Lake

By: Henry Lazenby The award-winning exploration team of project generator Transition Metals has reported one of the most significant platinum-group metals (PGM) intersections to come out of North America in a long time at the Sunday Lake project, 25 km north of Thunder Bay, Ontario. Joint-venture (JV) partners... 

Nickel smelter developers shelve Indonesia projects amid credit squeeze

By: Reuters Nickel smelter developers are putting projects on hold as they struggle to get financing with metal prices near their lowest in more than a decade, industry and government stakeholders said on Wednesday. Indonesia was the world's top exporter of nickel ore until 2014 when it banned shipments in... 

South32 reviewing tailings dam risk after Brazil disaster

By: Martin Creamer Diversified mining company South32, which was spun out of BHP Billiton earlier this year, is reviewing its tailings dam risk in the light of the collapse that killed 11 and displaced 600 at Samarco, the iron-ore mine in Brazil owned jointly by BHP Billiton and Vale. Under shareholder questioning... 

South32 reviewing tailings dam risk after Brazil disaster
Photo by South32
South32's first annual general meeting

Copper price slump could create headwinds for Glencore's debt plan

By: Reuters Further falls in copper prices might yet undermine the fightback mounted by mining and trading company Glencore after its shares tumbled to record lows this year, analysts said. London Metal Exchange benchmark copper plunged to $4 590 /t on Tuesday, its lowest in more than six years, as fears... 

Western Areas suffers power cuts in WA

By: Esmarie Swanepoel Nickel miner Western Areas has lost grid power to its Forrestania operations, in Western Australia, following a regional bush fire about 35 km from the mine site. The company said on Wednesday that the fire was not posing a physical threat to either the operations, or personnel. 

2 3 4 5 6 7 8 9 Next Last

Latest News


Latest Videos


Topics In These Articles

RSS Feed


Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
R/€ = 15.26Change: -0.01
R/$ = 14.44Change: -0.06
Au 1063.37 $/ozChange: 5.49
Pt 830.50 $/ozChange: -5.00
Subscribe Now for $96
Subscribe Now for $96 Close