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Peru copper mine Antamina says weaker output to end over medium term

By: Reuters Antamina, Peru's top copper mine, said on Friday it expects a period of weaker production to subside in "the medium term." The mine, in which BHP Billiton and Glencore Xstrata each have 33.75% stakes, produced 246 851 t of copper in the first eight months of 2014, 14% less than in the same... 

Mindoro Resources ships first iron-ore from Philippines

By: Henry Lazenby TSX-V- and Frankfurt-listed Mindoro Resources this week reported that it had completed the first shipment of high-iron/low-nickel direct shipping ore (DSO) from the Agata project, located in northern Mindanao, the Philippines. The shipment comprising 54 181 wet metric tonnes (wmt) of limonite ore... 

Mirabela says Q3 production solid

By: Esmarie Swanepoel Embattled nickel miner Mirabela Nickel has reported a solid quarter, despite being in administration. Production during the three months to the end of September reached 2 628 t of nickel in concentrate. This compares with 2 767 t produced during the previous quarter. 

Alcoa agrees to sell majority interest in S Carolina aluminium smelter

By: Henry Lazenby Alcoa has agreed to sell its 50.3% stake in the Mt Holly aluminium smelter, in Goose Creek, South Carolina, to  its 49.7%-partner Century Aluminium, further trimming its primary aluminium production capacity as part of efforts to establish a low-cost portfolio of smelters. The US-based integrated... 

SA group delivering components of 1 100 t headgear to Zambian mine

By: Chantelle Kotze Heavy engineering group of companies Steel Services & Allied Industries (SS&AI) is delivering the components to site for a 1 100 t steel headgear manufacturing project, which is expected to be erected at the end of the year at the Mopani copper mine, in Zambia. 

SA group delivering components of 1 100 t headgear to Zambian mine
LARGE UNDERTAKING The longest abnormal piece of steelwork used in the headgear project was more than 13-m-long and weighed about 30 t

Vale lifts Q3 iron-ore output to historic highs

By: Henry Lazenby Diversified Brazil-based miner Vale on Thursday reported record iron-ore output for the third quarter ended September 30, boosted by quarter-on-quarter gains in all its business segments. Vale said iron-ore output was 85.7-million tonnes in the period, underpinned by the ramp-ups of Plant 2 at... 

Vale lifts Q3 iron-ore output to historic highs

Chile Congress gives green light to Codelco capitalisation

By: Reuters Chile's Congress approved late Wednesday the government's capitalisation plan for Codelco, which will see the state copper firm receive $4-billion over the next five years to help fund an ambitious investment programme. The Chilean government announced in August that it planned to give Codelco,... 

Less Eskom coal, fewer S African diamonds, less refined platinum, lower iron-ore sales – Anglo

By: Martin Creamer Diversified mining company Anglo American on Thursday reported 12% lower coal production for South Africa’s State electricity utility Eskom, 31% less refined platinum production, 4% lower iron-ore exports and fewer diamond carats from South African diamond mines, in the three months to September... 

Less Eskom coal, fewer S African diamonds, less refined platinum, lower iron-ore sales – Anglo
Photo by Duane Daws
Anglo CEO Mark Cutifani

Nautilus Minerals steps closer to releasing PNG funding

By: Henry Lazenby Prospective seafloor miner Nautilus Minerals has satisfied one of the conditions precedent to releasing $113-million, which its project partner – the Papua New Guinea government – had paid into escrow in May, representing the balance of the State’s 15% share of capital required to complete the... 

Mincor assets deliver in Sept quarter

By: Esmarie Swanepoel 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
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