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

By: Chantelle Kotze     Updated 17 minutes ago 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,... 

Seabridge to release new Deep Kerr resource estimate during Q1 2015

By: Leandi Kolver     Updated 7 hours ago 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... 

Ivanhoe platinum project prepares for site work resumption

By: Martin Creamer Preparations have begun for a resumption of site work at Ivanhoe’s platinum project near Mokopane in Limpopo province, with the construction of the initial production shaft of the planned underground mine the focal point of the first phase of development of an initiative that has been decades in... 

Ivanhoe platinum project prepares for site work resumption
Photo by Duane Daws
Ivanhoe's Robert Friedland

Chile sees its molybdenum production rising 16% in 2015

By: Reuters Production of molybdenum in Chile will likely rise to some 61 400 tonnes in 2015, a rise of around 16% from this year, a director of Chilean state copper commission Cochilco said on Tuesday. The price of the copper offshoot, which is used in steel making, should rise to about $12 a pound in 2015,... 

Freeport US smelter could be shut for several more weeks

By: Reuters Freeport-McMoRan Inc expects repairs to its sole US copper smelter, which was shuttered last week after a fire, to last into December, a company spokesman said on Tuesday. Freeport, the largest US miner by market value and revenue, is still evaluating exactly how long the smelter shutdown will... 

Copper companies strike optimistic note on medium-term prices

By: Reuters Copper prices could be held down by rising supply from mines in the next couple of years but are set to surge after that due to a dearth of monster projects and bottlenecks at refineries, senior executives at top copper producers said on Wednesday. Widely seen as a barometer for economic growth,... 

Curis receives final court approval for plan of arrangement with Taseko

By: Creamer Media Reporter The British Columbia Supreme Court has issued a final order approving the previously announced statutory plan of arrangement pursuant to which Vancouver-headquartered Taseko Mines will acquire all of the issued and outstanding common shares of TSX-listed Curis Resources. Subject to the... 

Vedanta sees Southern Africa as key global zinc supplier

By: Chantelle Kotze LSE-listed diversified miner Vedanta Resources, which last week announced the approval of the three-year R8.7-billion Gamsberg–Skorpion integrated project development, aims to make the Southern African region one of the most important suppliers of refined zinc globally. This was highlighted by... 

Vedanta sees Southern Africa as key global zinc supplier
Photo by Duane Daws
Vedanta Zinc International CEO Kishor Kumar

Blackthorn given mining licence over Kitumba

By: Esmarie Swanepoel Zambia-focused Blackthorn Resources has been granted a mining lease for its Kitumba copper project, satisfying a key condition of a takeover by fellow-listed Intrepid Mines. “This is a significant milestone for Blackthorn Resources and confirms the support of the Zambian government for the... 

Royal Nickel announces appointment of new project director

By: Creamer Media Reporter JOHANNESBURG (miningweekly.com) – TSX-listed mineral resource company Royal Nickel Corporation has appointed Christian Brousseau project director for its Dumont nickel project. Reporting to the VP of operations, Brousseau will have overall responsibility for the execution plan, engineering and... 

Glencore, French open $7bn nickel mine in New Caledonia

By: Martin Creamer French President François Hollande on Monday officially opened the new $7-billion Koniambo nickel project in New Caledonia, a territory of France that is located 1 210 km east of Australia, in the south-west Pacific Ocean. The joint venture (JV) between the London-, Hong Kong- and now also... 

Glencore, French open $7bn nickel mine in New Caledonia
Photo by Bloomberg
François Hollande and Ivan Glasenberg

Glencore, Mick Davis among suitors of Anglo's Chile mines – sources

By: Reuters Commodity group Glencore and X2, a company set up by former Xstrata boss Mick Davis, are among the suitors of the Chilean copper assets put up for sale by global miner Anglo American, industry and banking sources said this week. The assets, which together could fetch up to $1-billion according to... 

Glencore, Mick Davis among suitors of Anglo's Chile mines – sources
Mick Davis

TVI Pacific completes second nickel shipment from Philippine project

By: Henry Lazenby Calgary-based TVI Pacific, which owns a 60% interest in the Agata iron/nickel laterite project, in the Agusan del Norte province, Philippines through subsidiary TVI Resource Development (TVIRD), on Friday said it had completed a second shipment of direct shipping ore (DSO). The high-iron,... 

Sandfire takes CAER to court over ‘misleading’ research

By: Esmarie Swanepoel Copper miner Sandfire Resources has launched Federal Court proceedings against the Centre for Australian Ethical Research (CAER), claiming misleading research. In October this year, the CAER conducted a review for the Australian National University (ANU) on companies in which the university had... 

Rio's Kennecott copper smelter mulls tolling next year -sources

By: Reuters Rio Tinto's Kennecott copper smelter may toll third-party concentrate on a large scale for the first time next year, as the second-biggest US copper producer tackles falling output due to low ore grades from its mine, five sources said. The Utah plant has bought external concentrate, an... 

EY’s Canadian Mining Eye falls 15% during Q3, expects sluggish Q4

By: Henry Lazenby Professional services firm EY's quarterly ‘Canadian Mining Eye’ index fell 15% in the September quarter, paring a 9% gain during previous quarter. The firm said on Thursday that the fall in the index was in line with the S&P/TSX Composite index, which also plummeted 15% during the period, while... 

EY’s Canadian Mining Eye falls 15% during Q3, expects sluggish Q4

Antofagasta to close small Michilla copper mine in 2015

By: Reuters Chilean copper miner Antofagasta will close its small Michilla mine in the country's north next year because it is no longer economically viable, the company said on Thursday. The London-listed group will shut Michilla at the end of 2015 after 32 years of operation. The mine is expected to... 

Freeport McMoRan shuts sole US copper smelter after fire

By: Reuters Freeport McMoRan has temporarily shut its sole US copper smelter after a fire broke out as molten copper breached a processing vessel in the Arizona facility and flowed onto the ground, a spokesperson said on Thursday. The company is investigating the cause of the accident, which occurred... 

Peru's top copper miner sees 2014 output down 27%

By: Reuters Antamina, Peru's biggest copper miner, will probably produce about 336 000 t of the red metal this year, down 27% from 2013 on lower ore grades, a top company official said on Thursday. But output will likely recover next year as the mine enters a new productive phase, said Jose Carlos del... 

Vedanta approves $782m Gamsberg–Skorpion zinc project development

By: Creamer Media Reporter Diversified miner Vedanta Resources has approved the investment of $782-million over three years on the development of the Gamsberg–Skorpion integrated zinc project. About $630-million would be spent on developing a 250 000 t/y openpit zinc mine, concentrator plant and associated infrastructure... 

Vedanta approves $782m Gamsberg–Skorpion zinc project development
Photo by Duane Daws
Vedanta Resources CEO Tom Albanese

Poseidon completes Lake Johnston buy 

By: Esmarie Swanepoel Nickel developer Poseidon Nickel has completed the purchase of the Lake Johnston project from major Norilsk Nickel and was hoping to restart production. Poseidon acquired the Lake Johnston project from Norilsk in a A$1-million deal in September this year, after purchasing the Black Swan nickel... 

Alara JV partner makes waves

By: Esmarie Swanepoel Junior Alara Resources has encountered some difficulty with its joint venture (JV) partner in the Khnaiguiyah zinc/copper project, in Saudi Arabia, reporting on Thursday that United Arabian Mining Company (Manajem) had filed a financial claim against the company. In March, Alara announced that... 

Canada provides funding for lithium, copper projects

By: Henry Lazenby Canadian mining technology firm Stria Lithium on Wednesday reported that it had received a funding commitment of up to $137 700 from the Canadian federal government to support the company’s work to develop novel lithium processing technologies aimed at producing low-cost, high-purity lithium... 

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