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Base Metals News

AEL Mining Services launches rock-breaking technology chair at University of Pretoria

By: Mia Breytenbach     10th November 2017 Johannesburg-headquartered developer, producer and supplier of commercial explosives AEL Mining Services has, in partnership with the University of Pretoria (UP), launched the AEL Mining Services Chair in Innovative Rock Breaking Technology, which will reside within the Department of Mining... 

Political tension slows mining activity in Tanzania

By: Victor Moolman     10th November 2017 Despite the fact that political tension in Tanzania has impacted the mining industry, with several operations subsequently closing, SEW-EURODRIVE continues to have a strong presence in the country, with Tanzania as its main hub for East Africa. SEW-EURODRIVE South Africa national sales manager... 

Political tension  slows mining activity in Tanzania
NORMAN MALEKA There will be demand for after-sales support in Tanzania, owing to new industries established in the country

Zambian chamber lauds Chile as model of what mining can achieve with the right policies

By: Ilan Solomons     10th November 2017 A two-person team from Chile’s mining industry recently visited Zambia and met with the Zambian Chamber of Mines (ZCM), the Presidency, the Zambia Revenue Authority’s Mineral Value Chain Monitoring Project and Zambia Consolidated Copper Mines Investment Holdings. The ZCM believes that Zambia can... 

Zambian chamber lauds Chile as model of what mining can achieve with the right policies
Photo by Codelco
LONG-TERM VISION Chile place’s great emphasis on due process and the rule of law, when it comes to their mining industry; even where it might not be to the country’s short-term benefit

Mining technology gets boost from new Wits-Sibanye partnership

By: Martin Creamer     9th November 2017 Mining technology is being given a Fourth Industrial Revolution boost through the new partnership struck between precious metals mining company Sibanye-Stillwater and the Wits Mining Institute. Wits Mining Institute director Professor Fred Cawood outlined in a news release on Thursday that... 

EY's Canadian Mining Eye Index trends positively in Q3

By: Creamer Media Reporter      9th November 2017 The EY Canadian Mining Eye index gained 2% during the third quarter, following a 7% decline in the prior period. The gain was driven by increases across the board in precious and base metals. "As commodity prices continue to increase, appetite for investment in existing projects is expected to... 

Prieska zinc/copper project delivers further positives

By: Creamer Media Reporter      8th November 2017 Dual-listed Orion Minerals on Wednesday reported further positive results from its ongoing drilling programme at the Prieska zinc/copper project, in the Northern Cape. The company said in a drilling update that the assay results received confirm significant zinc and copper mineralisation over the... 

Century mine's environmental approval amended

By: Esmarie Swanepoel     8th November 2017 The Queensland government has issued ASX-listed New Century Resources with an amended environmental authority for its Century zinc mine, allowing progressive economic rehabilitation activities. The amendments allowed for tailings to be relocated back to the original Century openpit, and to be... 

MMG cuts the ribbon at Dugald River

By: Esmarie Swanepoel     8th November 2017 The Dugald River zinc project, in Queensland, has officially been opened with its first concentrate delivered to the load-out facility in Cloncurry. ASX-listed metals miner MMG said on Wednesday that the shipping of first concentrate was expected before the end of the year. 

Phoenix Global embarks on ambitious plan to restart Empire copper mine, Idaho

By: Henry Lazenby     8th November 2017 Aim-listed copper junior Phoenix Global Mining has formulated an ambitious growth strategy to restart mining at the brownfields Empire copper mine, in Idaho, by 2020. The company made its debut on the LSE's Aim market late in June, with the aim of bringing the historic mine back into production,... 

Phoenix Global embarks on ambitious plan to restart Empire copper mine, Idaho
Photo by Phoenix Global Resources
Drilling underway at Phoenix Global Resources' Empire mine, Idaho

Armadale graphite project yields positive drilling results

By: Anine Kilian     7th November 2017 Aim-listed Armadale has received the results of its 1 500 m, 28-hole reverse circulation drill programme, recently completed at the Mahenge Liandu graphite project, in Tanzania.   Wide high-grade mineralisation was consistently intersected at shallow, near-surface depths, with thick graphite... 

BMI forecasts bright spots in global aluminium industry

By: Megan van Wyngaardt     7th November 2017 Global aluminium producers are likely to experience solid financial recoveries in the year ahead, following years of financial austerity, as prices remain elevated, global research firm BMI said on Tuesday. This would result in targeted acquisitions of specific, value-added aluminium producers... 

BMI forecasts bright spots in global aluminium industry

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate
Photo by Creamer Media
Investing in African Mining Indaba MD Alex Grose (right) and Martin Creamer

Horizonte submits Araguaia mine plan to authorities

By: Mariaan Webb     7th November 2017 Nickel explorer and developer Horizonte Minerals has marked another permitting milestone for its Araguaia project with the submission of a mine plan Brazil’s National Mining Agency (ANM). ANM approval of the mine plan, together with approval of the mine construction licence, the permit of which... 

Harmony ups output, cuts costs, improves margins

By: Martin Creamer     7th November 2017 Gold-mining company Harmony produced 14% more gold in the three months to September 30, when it cut unit costs by 8% and improved the margins of profit at its South African operations. Excellent operational performance was responsible for the margin improvement and last month’s acquisition of the... 

Harmony ups output, cuts costs, improves margins
Photo by Duane Daws
Harmony Gold CEO Peter Steenkamp

Trevali lays strong foundation for future Halfmile-Stratmat project scenarios

By: Henry Lazenby     7th November 2017 A preliminary economic assessment (PEA) on Canadian pure-play zinc producer Trevali Mining's fully owned Halfmile-Stratmat zinc/lead/silver deposits, located in the Bathurst Mining Camp of New Brunswick, has produced strong results for developing either a standalone operation, or leveraging... 

Canadian junior mining sector riding renewed wave of confidence

By: Henry Lazenby     7th November 2017 Despite signs of improved investor confidence in Canada's prolific junior mining sector – mainly driven by rising consumer technology demand for resources – analysts are warning that the market recovery is in a delicate phase and will require discipline to survive until more substantial commodity... 

Canadian junior mining sector riding renewed wave of confidence

Copper Mountain swings to Q3 headline profit as mine performs above plan

By: Henry Lazenby     7th November 2017 The TSX-listed stock of British Columbia-focused miner Copper Mountain Mining has jumped more than 12% on Monday trading, after the company reported a higher-than-expected headline profit, on account of the mine performing above plan. The Vancouver-headquartered miner that operates its flagship... 

DRC’s State mining company hiding revenues – Carter Center

By: Martin Creamer     6th November 2017 Certain revenues of Democratic Republic of Congo (DRC) State mining company Gécamines are not directed to the public treasury and are largely beyond the realm of public oversight, resulting in the DRC and its people being deprived of many of the benefits of its rich minerals endowment, the Carter... 

DRC’s State mining company hiding revenues – Carter Center
Former US President Jimmy Carter

Galileo to fast-track exploration at Zambia zinc project

By: Anine Kilian     6th November 2017 Aim-listed Galileo Resources has appointed Africa Technical Consultants to assist with, and provide services for, a fast-track exploration programme at its Star Zinc project, in Zambia. This is the first step in the company's objective to upgrade the project’s current noncompliant resource and to... 

CAML the new owner of Macedonia’s Sasa mine as takeover is completed

By: Creamer Media Reporter      6th November 2017 London-based Central Asia Metals Limited (CAML) is officially the new owner of the Sasa mine in Macedonia, after the company on Monday concluded the acquisition of Lynx Resources and was readmitted to trading on Aim. The $402.5-million acquisition has diversified CAML’s base metal production... 

Australian Mines’ shares balloon on Sconi raising

By: Esmarie Swanepoel     6th November 2017 Junior metals developer Australian Mines’ shares shot up 44% on Monday, after the company raised A$20-million to fund work at its Sconi cobalt/nickel/scandium project, in Queensland. The ASX-listed company said on Monday it had approached a number of institutional fund managers regarding a... 

Australian Mines’ shares balloon on Sconi raising

Orion issues first tranche of shares in capital raising

By: Natasha Odendaal     3rd November 2017 ASX- and JSE-listed Orion Minerals on Friday issued the first tranche of shares as part of a two-tranche capital raising. The company aims to raise $5.5-million at an issue price of 2.4c an ordinary fully paid share to fund the resource drilling campaign at the Prieska zinc/copper project, to... 

Kyrgyzstan reverses Bozymchak suspension

By: Creamer Media Reporter      3rd November 2017 The Kyrgyzstan government has cancelled the suspension of operations at the Bozymchak mine and full production has resumed, KAZ Minerals reported on Friday. The London-listed company announced on Thursday that the government had suspended operations at the gold and copper mine for three months.... 

New Century raises A$53m for zinc mine restart

By: Esmarie Swanepoel     3rd November 2017 ASX-listed zinc developer New Century Resources will raise A$52.9-million through a share placement to progress the restart of its Century zinc mine, in Queensland. The company will place some 44-million new shares to institutional and sophisticated investors, priced at A$1.20 each, to raise the... 

New Century raises A$53m for zinc mine restart

IHS Markit materials price index up 0.5% as technology leads

By: Henry Lazenby     2nd November 2017 The materials price index (MPI) from Global Insight by IHS Markit gained 0.5% over the past week, building on a 1.6% gain the previous week. The main drivers last week were technology, with IHS's computer chip-based DRAM sub-index climbing a significant 5.2%, while oil and lumber were up 1.3% and... 

Metallica worries about delays at Urquhart

By: Esmarie Swanepoel     2nd November 2017 Bauxite developer Metallica Minerals has warned of a possible delay at its proposed Urquhart bauxite project, in Queensland, as the state prepared for an election on November 25. The company said on Thursday that while it had received advice from the state government that the Urquhart mining... 

Hudbay net earnings rise 22% as output rises in Manitoba, Peru

By: Henry Lazenby     2nd November 2017 Canadian base metals miner Hudbay Minerals has posted a 22% improvement in third-quarter profit as the company's Manitoba and Peru operations produced more metals at lower costs. The Toronto-headquartered company reported a net profit of $40.9-million, or $0.17 a share, for the three months ended... 

Ivanhoe hits shaft-digging milestone at Platreef

By: Henry Lazenby     1st November 2017 Africa-focused megaproject developer Ivanhoe Mines has reached the 500-m level below surface, during construction of the first shaft of the Platreef platinum-group meals (PGM) project, in South Africa's Limpopo province. The 7.25-m-diameter Shaft 1, which is expected to reach the Flatreef... 

Ivanhoe hits shaft-digging milestone at Platreef
Photo by Ivanhoe Mines
Platreef's Shaft 1 sinking headgear and related surface infrastructure

South Africa’s Master Drilling expands into India, Australia

By: Martin Creamer     1st November 2017 Raise bore drilling company Master Drilling on Wednesday announced its expansion into India, where it will support a zinc mine, and Australia, where it will support a gold project. The Johannesburg Stock Exchange-listed company said it would be deploying a large raisebore machine to a Vedanta... 

South Africa’s Master Drilling expands into India, Australia
Photo by Duane Daws
Master Drilling CEO Danie Pretorius

Macedonia competition body approves Lynx takeover

By: Mariaan Webb     1st November 2017 The Macedonian Competition Commission has given its blessing for the $402.5-million reverse takeover of Lynx Resources by Aim-listed Central Asia Metals. Lynx owns the SASA mine, which is one of the operating largest zinc/lead/silver mines in Europe. Last year, the mine produced 22 515 t of zinc... 

Macedonia competition body approves Lynx takeover
The SASA operation in Macedonia.

Nickel surges to best since 2015 on promise of electric-car boom

By: Bloomberg     1st November 2017 Nickel rocketed to a two-year high in London and climbed by the daily limit in Shanghai, as investors bet on a long-term boost to demand from the rise of electric cars. Prices advanced as much as 3.9% to $12,780 a metric ton on the London Metal Exchange, the highest since June 2015, before... 

Why biggest metals rally of the year may have further to run

By: Bloomberg     1st November 2017 In a stellar year for base metals, aluminum has led the pack. Now, producers say surging raw material costs could drive prices even higher. Alumina, the raw material used to make aluminum, has jumped 56% since August after China shut down some production, triggering a wave of buying by traders... 

CuDeco reports Sept quarter results

By: Ilan Solomons     31st October 2017 Queensland copper miner CuDeco earned a positive earnings before interest, taxes, depreciation and amortisation of $3.3-million, gross revenue of $39.8-million and a net revenue of $30.8-million during the three months to September 30, the company reported on Tuesday. CuDeco noted that its... 

Global copper balance widens to 160 000 t deficit as refined output stalls

By: Henry Lazenby     31st October 2017 The world's refined copper balance has increased to 160 000 t for the first seven months of 2017, as refined copper supply has stagnated, according to the International Copper Study Group (ICSG). The Lisbon-based think tank said the July deficit was in fact the lowest recorded so far this year,... 

Global copper balance widens to 160 000 t deficit as refined output stalls

Glencore sees quarterly production decreases

By: Anine Kilian     30th October 2017 While dual-listed Glencore’s copper and nickel production fell in the third quarter, the diversified miner said on Monday that this would not impact full year earnings. Copper production of 946 500 t for the quarter ended September 30 was 11% lower than the comparable quarter in 2016, owing to... 

Glencore sees quarterly production decreases

Ivanhoe agrees to rehabilitate critical rail line in DRC

By: Natasha Odendaal     30th October 2017 TSX-listed Ivanhoe Mines is preparing to rebuild the 34 km of rail track that connects the Kipushi zinc/copper/silver/germanium mine with the Democratic Republic of the Congo’s (DRC’s) national railway at Munama, south of Lubumbashi. Under terms of a memorandum of understanding (MoU) with DRC... 

Weatherly postpones debt repayments to Orion

By: Anine Kilian     30th October 2017 Copper miner Weatherly International’s debt repayments to Orion Mine Finance have been rescheduled. Weatherly has entered into a further amendment and restatement agreement in relation to its existing facility with Orion. 

Norilsk Nickel lifts Q3 nickel output by 10% q/q

By: Mariaan Webb     30th October 2017 The world’s largest producer of refined nickel and palladium, Norilsk Nickel, on Monday reported a 10% quarter-on-quarter increase in its nickel output, but said third-quarter copper and platinum group metals production had declined. Nickel production increased to 54 175 t in the September... 

Norilsk Nickel lifts Q3 nickel output by 10% q/q

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