R/€ = 14.50 Change: 0.00
R/$ = 11.74 Change: -0.01
Au 1347.33 $/oz Change: 7.59
Pt 949.50 $/oz Change: -5.25

Base Metals News

Trump says US to impose steep tariffs on steel, aluminium imports

By: Reuters     2nd March 2018 US President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminium to protect US producers, risking retaliation from major trade partners like China, Europe and neighbouring Canada as well as helping to trigger a large selloff on Wall Street. Trump said... 

Nautilus PEA outlines the low-cost production potential of Solwara 1

By: Henry Lazenby     2nd March 2018 Toronto-based Nautilus Minerals has published a new preliminary economic assessment (PEA) for its Solwara 1 seafloor copper/gold project, located in the Bismarck Sea offshore Papua New Guinea (PNG). The Toronto-based prospective marine miner reported an undiscounted after-tax net cash flow of... 

Disruptive MTB solution to provide for continuous operations

By: Jessica Oosthuizen     2nd March 2018 JSE-listed raise boring and drilling services provider Master Drilling launched its new mobile tunnel boring (MTB) system at the Investing in African Mining Indaba, which was held from February 5 to 8, in Cape Town. The system, specifically designed for the mining sector, is suited to the... 

Disruptive MTB solution to provide  for continuous operations
Photo by Duane Daws
DANIE PRETORIUS Master Drilling’s mobile tunnel boring system is due to arrive in South Africa in the last quarter of 2018 and it will be used at a local mine

EV penetration rates to drive demand for numerous raw materials

By: Jessica Oosthuizen     2nd March 2018 With electric vehicle (EV) market growth to drive demand for lithium-ion batteries, as well as the materials used in their anodes and cathodes, soaring demand for numerous raw materials can be expected in the next ten years, says international metals and minerals researcher Roskill steel alloys... 

EV penetration rates to drive demand for numerous raw materials
FUTURE TRENDS Roskill delivered a presentation titled On the Road with Roskill on the side-lines of the 2018 Investing in African Mining Indaba

Stability, sustainability needed for mining growth

By: Jessica Oosthuizen     2nd March 2018 South Africa needs stability, continuity and fairness in the mining industry, says engineering consultant WSP Africa transport and infrastructure division MD Dr Terence Milne, who tells Mining Weekly that presenters at the Investing in African Mining Indaba highlighted “political stability, fair... 

Stability, sustainability needed for mining growth
Photo by Bloomberg
CLEAN ENERGY WSP aims to explore green energy for miners in the year ahead

MTE celebrates 25 years of success

By: Nadine James     2nd March 2018 Travelling exhibition specialist MTE celebrates its twenty-fifth anniversary this year, and the company – founded by Tony Wightman in 1993 – owes its success to its deep engagement with the mining industry, subsequently enabling MTE to establish long-standing relationships with mines and... 

Ramaphosa integral to mining’s fresh start – lawyer

By: Nadine James     2nd March 2018 There is an urgent need for a fresh start in mining to secure a new deal for the sector, says auditing and advisory firm BDO South Africa’s Africa desk leader Owen Murphy, suggesting that newly elected South African President Cyril Ramaphosa could be integral to this new start. The local mining... 

A proposal to the President - A six-point plan

     2nd March 2018 South Africa's minerals and mining industry faces severe headwinds. The Republic of South Africa hosts a treasure trove of geology and minerals, valued at about $2.5-trillion. Without modern exploration, prospecting, and new local and foreign investment, these resources will not be developed for... 

A proposal to the President - A six-point plan

Mineral flowsheet development completed at Prieska zinc-copper project

By: Simone Liedtke     1st March 2018 JSE- and ASX-listed minerals exploration company Orion Minerals has successfully completed the development of a mineral flowsheet for the treatment of sulphide zinc/copper mineralisation at the Prieska project, in the Northern Cape. The derived mineral processing flowsheet achieves high zinc and... 

Colin Bird appointed Bezant chairperson

By: Creamer Media Reporter      1st March 2018 Aim-listed Bezant Resources has appointed Colin Bird chairperson, effective February 5. He succeeds Edward Nealon, who has stepped down. 

Aurubis still on lookout for acquisitions – CEO

By: Reuters     1st March 2018 Aurubis, Europe's biggest copper smelter, is still on the lookout for acquisitions, its CE said on Thursday. "We want to, in addition to internal growth, also strengthen by reasonable acquisitions," Juergen Schachler said in an advanced release of a speech to the company’s meeting of shareholders. 

Jubilee, BMR extend agreement deadline for Zambia project

By: Megan van Wyngaardt     1st March 2018 Dual-listed Jubilee Metals Group and Aim-listed BMR Group have agreed, under their joint venture (JV) agreement for the Kabwe lead/zinc/vanadium project, in Zambia, to extend the date for the fulfilment of all conditions precedent from February 28 to March 31. The extension will allow for the... 

Brazilian agency fines Norsk Hydro unit in Para state

By: Reuters     1st March 2018 Brazilian environmental agency Ibama fined Norsk Hydro's unit in the northern state of Para, the world's largest alumina refining plant, 20-million reais and ordered it to halt using its waste pool and drainage system, potentially halting all work at the plant, the regulator said in statement on... 

Mongolian court sides with government in copper mine ownership row

By: Reuters     1st March 2018 Mongolia's Constitutional Court ruled on Wednesday that Mongolian Copper Corporation (MCC) never had the right to 49 percent of one of Asia's biggest copper mines, supporting an earlier resolution by the government to buy back the stake. The ownership battle is set against the backdrop of miners... 

Platina brings Owendale closer to production with DFS contract award

By: Creamer Media Reporter      1st March 2018 Brisbane-based Ausenco Services has been appointed as the engineering contractor to assist ASX-listed Platinum Resources to complete a definitive feasibility study (DFS) for the Owendale scandium/cobalt and nickel project, in New South Wales. The DFS will bring together the information that the... 

Billionaire Lundin chases base-metal buy of up to $3bn

By: Bloomberg     1st March 2018 Sweden’s billionaire Lundin family is looking to spend as much as $3-billion on a new industrial-metal asset as prices rally, before turning its attention to scouring for a new gold project. Lundin Mining is on the prowl for a long-life zinc, nickel or copper asset and would shell out $1-billion... 

Billionaire Lundin chases base-metal buy of up to $3bn
Lukas Lundin

EY's Mining Eye index puts in solid Q4; M&A activity muted ahead of PDAC

By: Henry Lazenby     28th February 2018 The EY Canadian Mining Eye index has showed a fourth-quarter gain of more than 2% quarter-on-quarter, to 4%. The increase in the Canadian Mining Eye index's performance suggests confidence in pursuing growth is returning to the sector, after an extended period of volatility, according to EY. The... 

EY's Mining Eye index puts in solid Q4; M&A activity muted ahead of PDAC

Gold, copper decline as Powell's remarks on rates boost dollar

By: Bloomberg     27th February 2018 Gold and copper futures fell as the dollar was buoyed by a statement from Federal Reserve chairperson Jerome Powell that signalled US policy makers will keep on gradually raising interest rates, undeterred by recent market fluctuations. “Despite the recent volatility, financial conditions remain... 

Osisko outlines 50 000 m drill campaign for Pine Point

By: Henry Lazenby     27th February 2018 Base metals explorer Osisko Metals has revealed plans for a 50 000 m drilling programme for its Pine Point zinc/lead property, located in the Northwest Territories. The Montreal, Quebec-based company advised that, since the acquisition of the property closed early this month, it has mobilised... 

Rusal quest for value to dent Glencore's aluminium clout

By: Reuters     27th February 2018 Mining giant Glencore's deal to buy aluminium from Rusal will be renewed from 2019, but the tonnage is likely to be much lower as the Russian producer taps into growing demand for value-added products, two sources close to the matter said. Unless it sources from additional suppliers, the... 

Abramovich seeks London court approval to sell Norilsk Nickel stake

By: Reuters     27th February 2018 Chelsea soccer club owner Roman Abramovich's Cyprus-based Crispian on Tuesday sought a London court's permission to sell 2% of Norilsk Nickel to billionaire Vladimir Potanin, a move aluminium producer Rusal is trying to block. Potanin offered to buy a 4% stake in Nornickel from Abramovich for... 

Woodlawn underground mining contract awarded

By: Creamer Media Reporter      27th February 2018 Australian mining contractor Pybar Mining Services has been awarded the contract for underground mining at the Woodlawn zinc/copper project, in New South Wales, ASX-listed Heron Resources announced on Tuesday. MD Wayne Taylor commented that awarding the contract for Woodlawn was a key step on the... 

Resounding welcome for Gwede, who declines opportunity to comment

By: Martin Creamer     27th February 2018 New South African Mineral Resources Minister Gwede Mantashe has received a resounding welcome from the Chamber of Mines of South Africa, Business Leadership South Africa (BLSA) and mining luminaries. The Chamber of Mines of South Africa has welcomed the appointment of Mantashe, 62, describing him... 

Resounding welcome for Gwede, who declines opportunity to comment
Photo by Duane Daws
Incoming Mineral Resources Minister Gwede Mantashe

Norway's Hydro told to cut output at Brazil alumina plant

By: Reuters     27th February 2018 Norwegian aluminium maker Norsk Hydro has been told by a Brazilian regulator to cut output from its Alunorte alumina refinery by 50 percent until it complies with an order to safeguard the environment, the company said. The cutbacks follow recent claims by Brazilian federal and state prosecutors... 

BC establishes mining task force to grow jobs

By: Henry Lazenby     27th February 2018 The British Columbia government has established the long-awaited Mining Jobs Task Force on Monday. The task force has its roots in the 2014 Mount Polley mine tailings pond failure in the Cariboo region of the province, and is established amid intensifying disputes with Alaska over downstream... 

BC establishes mining task force to grow jobs
Photo by British Columbia Government
BC Minister of Energy, Mines and Petroleum Resources Michelle Mungall announces the provincial Mining Jobs Task Force

Freeport-McMoRan enters option to earn 65% of Northisle's Pemberton Hills property

By: Henry Lazenby     27th February 2018 Copper major Freeport-McMoRan has entered an option agreement with Northisle Copper and Gold to earn a 65% interest in the Pemberton Hills property, located on Vancouver Island. The Pemberton Hills target is a 3.5 km by 1.5 km area of advanced argillic alteration similar to that observed at... 

Rusal application to block Nornickel deal to be heard by UK court on Feb 27

By: Reuters     27th February 2018 Russian aluminium giant Rusal's application to a UK court to block a deal between companies owned by Russian businessmen Roman Abramovich and Vladimir Potanin will be heard on Tuesday, the court said on its website ( Potanin this month offered to buy a stake in Russian mining... 

Ivanhoe announces 50% increase in Kakula indicated mineral resource estimate

By: Simone Liedtke     26th February 2018 Canadian mineral exploration and development company Ivanhoe Mines has completed an independently verified and updated mineral resource estimate for the ultra-high-grade Kakula discovery at the Kamoa-Kakula copper project, near the mining centre of Kolwezi, in the Democratic Republic of Congo... 

Alexander receives patent for cobalt leaching

By: Megan van Wyngaardt     26th February 2018 Aim-listed Alexander Mining has received notification that its MetaLeach subsidiary has been granted an African Regional Intellectual Property Organisation (Aripo) patent in Zambia for a method for leaching cobalt from oxidised cobalt ores. The patent has a standard term of 20 years from the... 

Hydro bids for Rio Tinto's Icelandic aluminium plant

By: Simone Liedtke     26th February 2018 Norwegian aluminium company Norsk Hydro has made a binding offer to acquire diversified miner Rio Tinto's ISAL aluminium plant, in Iceland. The offer also includes Rio Tinto's 53% share in Dutch anode facility Aluchemie and 50% of its shares in Swedish aluminium fluoride plant Alufluor, for... 

Hydro bids for Rio Tinto's Icelandic aluminium plant

Connemara restructures board, raises £900 000

By: Mariaan Webb     26th February 2018 rish gold and zinc explorer Connemara Mining on Monday announced that it had raised £900 000 and that it had restructured its board as the company seeks to accelerate its operational growth. Forty-six-year old Patrick Cullen, who was appointed CEO last year, has been made an executive director... 

New Century and Nyrstar agree binding offtake term sheet

By: Mariaan Webb     26th February 2018 Belgium’s Nyrstar plans to suspend arbitration proceedings against Australia’s New Century Resources after the parties agreed to a binding term sheet for five-and-a-half years of zinc concentrate offtake. In a joint statement issued on Monday, New Century and Nyrstar said that the term sheet... 

Centerra equity rises on strong Q4 earnings, revenue

By: Henry Lazenby     24th February 2018 Midtier miner Centerra Gold's TSX-listed equity gained more than 8% on Friday after it reported much stronger-than-expected earnings and revenues for the three months ended December 31. The Toronto-headquartered company reported adjusted profit, which typically excludes special items in a given... 

Centerra equity rises on strong Q4 earnings, revenue
Photo by Reuters
Centerra Gold's Kumtor mine, Kyrgyzstan

Century Aluminum CEO: will recall workers if Trump imposes tariffs

By: Reuters     23rd February 2018 The main US producer of high-purity aluminium used in military aircraft is poised to begin restarting idled production lines at its smelter in eastern Kentucky and recall some 350 workers if President Donald Trump imposes aluminium import curbs. Century Aluminum CEO Michael Bless told Reuters on... 

BMR's acquisition of Zambian prospecting licence finalised

By: Simone Liedtke     23rd February 2018 Mineral processing company BMR Group has made the final payment due to Zambia-based Bushbuck Resources, in order to complete the acquisition of prospecting licence 19653, better known as the Star Zinc project.        As a result, Bushbuck no longer has any charge over either the removable assets... 

He got rich on Congo mines until bribe probe put future on hold

By: Bloomberg     23rd February 2018 A 20-year friendship that helped turn Dan Gertler into a billionaire has left the Israeli businessman with a lot fewer places to go. The US government accused Gertler of corrupt mining and oil deals in the Democratic Republic of Congo and said he acted as a middle-man to enrich his longtime... 

Base Resources sees 58% increase in H1 Ebitda

By: Anine Kilian     23rd February 2018 Dual-listed Base Resources has reported a 58% increase earnings before interest, tax, depreciation and amortisation (Ebitda) to $69.3-million for the half year ended December 31, 2017. Sales revenue rose by 28% year-on-year to $115.9-million, achieving an average price of product sold of $407/t,... 

NSW grants mining lease for Clean TeQ Sunrise project

By: Mariaan Webb     23rd February 2018 The New South Wales Planning and Environment department has formally issued the mining leases for the Clean TeQ Sunrise project area and proposed limestone quarry, marking a key milestone in the development of one of the largest cobalt and nickel deposits outside Africa. Clean TeQ, which is... 

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