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Base Metals News

Euro Sun says Rovina Valley mining licence working its way through Romania govt

By: Henry Lazenby     24th May 2018 TSX-listed project developer Euro Sun Mining reported on Wednesday that the mining licence for its flagship Rovina Valley copper/gold project, in Romania, is working its way through government, with the National Agency for Mineral Resources and the Secretary General of Government (SGG) having... 

Newly named Minerals Council South Africa welcomes board members

By: Nadine James     23rd May 2018 Minerals Council South Africa (MCSA) president Mxolisi Mgojo noted that all of the council’s previous office bearers had been re-elected at the 128th annual general meeting. During his address, Mgojo thanked Kalagadi Manganese chairperson Daphne Mashile-Nkosi, who retired from MCSA board duties... 

Mantashe considers invoking ‘use it or lose it’ principle for mines under care and maintenance

By: Nadine James     23rd May 2018 Speaking at the official unveiling of the rebranded Minerals Council South Africa (previously the Chamber of Mines), on Wednesday, Mineral Resources Minister Gwede Mantashe noted that he and the Department of Mineral Resources (DMR) were unenthusiastic, but willing to make use of the 'use it or... 

Mantashe considers invoking ‘use it or lose it’ principle for mines under care and maintenance
Photo by Dylan Slater
Mineral Resources Minister Gwede Mantashe

Botswana court reverses ruling to end Tati Nickel's liquidation

By: Reuters     23rd May 2018 A Botswana court has overturned last month's High Court decision to take Tati Nickel Mine out of provisional liquidation because the earlier ruling did not consider the impact on creditors. Tati, a subsidiary of the liquidated BCL mine group, has been under provisional liquidation since October... 

Vedanta working with regulators to restart Indian copper smelter

By: Reuters     23rd May 2018 British mining and energy group Vedanta Resources is working with regulators to expedite restarting its copper smelter in the southern Indian state of Tamil Nadu, it said on Wednesday, a day after protests turned violent at the plant. The company also posted a 27% rise in full-year core profit... 

Gamsberg producing by mid-year – Vedanta

By: Martin Creamer     23rd May 2018 The Gamsberg zinc project in South Africa’s Northern Cape is on track with production expected by the middle of this year, the London-listed, India-rooted Vedanta Resources said on Wednesday, when it reported higher revenue and profits and lifted its dividend yield for the year to 6%. Current... 

Gamsberg producing by mid-year – Vedanta
Photo by Dylan Slater
Vedanta chairperson Anil Agarwal

Aura defines new vanadium zone at Sweden project

By: Mariaan Webb     23rd May 2018 Dual-listed Aura Energy has identified a new high-grade vanadium zone at its Häggån project in Sweden, resulting in an overall mineral resource estimate increase. Resource modelling defined an inferred resource of 15.1-billion pounds at 0.26% of vanadium pentoxide (V2O5), at a cut-off of 0.1%.... 

Minotaur buys Syndicated copper

By: Esmarie Swanepoel     23rd May 2018 ASX-listed Syndicated Metals has struck a deal with fellow listed Minotaur Exploration to sell its Northern Hub copper exploration tenements in north Queensland. The project area includes nine exploration permits, which will collectively be known as the Highlands project, covering some 776 km2. 

Avanco warns of cuts at Antas

By: Esmarie Swanepoel     23rd May 2018 Copper miner Avanco has warned shareholders that it might scale back operations at its Antas openpit mine, in Brazil, due to a nation-wide truck driver strike. The miner said on Wednesday that a prolonged strike could adversely impact the supply of consumables for mining and processing... 

Cobalt 27 announces first-ever cobalt/nickel streaming deal

By: Henry Lazenby     23rd May 2018 Canadian cobalt company Cobalt 27 has created the world’s first cobalt/nickel streaming deal with ASX-listed Highlands Nickel on the Ramu mine, in Papua New Guinea (PNG). The two partners have signed a metal purchase and sale agreement (MPA) giving Cobalt 27 the right to buy 55% of Highlands... 

Cobalt 27 announces first-ever cobalt/nickel streaming deal

Rio Tinto confirms talks to sell $3.5bn Grasberg stake

By: Henry Lazenby     23rd May 2018 Multinational diversified miner Rio Tinto confirmed on Tuesday that it is in talks to potentially sell its stake in the Grasberg copper/gold mine, in Indonesia, to PT Indonesia Asahan Aluminium (Inalum) for $3.5-billion. Media rumours swirled on Tuesday about the deal, prompting Rio Tinto to make... 

Rio Tinto confirms talks to sell $3.5bn Grasberg stake

Japan, Russia, Turkey bring potential US tariff retaliation to $3.5bn

By: Reuters     22nd May 2018 Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminium, the World Trade Organization said on Tuesday, bringing the total US tariff bill to around $3.5-billion annually. The three countries detailed their compensation claims in... 

Ferrum Crescent completes fundraising to advance Spain project

By: Creamer Media Reporter      22nd May 2018 Exploration company Ferrum Crescent, which will soon be known as Europa Metals, has completed a fundraising to progress resource delineation and to commission an initial scoping study at its lead/zinc project, in Spain. The company on Tuesday issued new shares and options to raise about... 

Alara gets mining licence in Oman

By: Esmarie Swanepoel     22nd May 2018 Metals developer Alara Resources has been granted a mining licence for its Al Hadeetha copper project, in Oman. CEO Justin Richard said on Tuesday that the granting of a mining licence was a major milestone for the copper project, and for future development of the copper sector in Oman. 

Rio Tinto tells Mongolia to interfere less in Oyu Tolgoi

By: Esmarie Swanepoel     22nd May 2018 Mining major Rio Tinto has called for less interference at the Oyu Tolgoi copper and gold mine, in Mongolia, as it advances underground development. Rio’s copper and diamonds CEO Arnaud Soirat told delegates at the Mongolian Economic Forum that the Oyu Tolgoi development would be used as a... 

Rio Tinto tells Mongolia to interfere less in Oyu Tolgoi

Glencore goes from crisis to crisis with possible bribery probe

By: Bloomberg     21st May 2018 It’s becoming hard to keep track of all of Glencore’s legal battles in the Democratic Republic of Congo. The world’s biggest commodity trader is facing the possibility of a bribery investigation by British prosecutors over its work with Dan Gertler, an Israeli billionaire and close friend of... 

Intrepid looks at new options for Kitumba as Weatherly deal lapses

By: Esmarie Swanepoel     21st May 2018 ASX-listed Intrepid Mines on Monday said that it was considering alternative options for its Zambian assets, given the current copper price environment. The announcement comes after the Zambian Ministry of Mines and Minerals Development’s conditional approval for the sale of Intrepid’s Zambian... 

US confirms list of 35 key minerals, targets domestic supply boost

By: Reuters     21st May 2018 Uranium and key rechargeable battery metals lithium and cobalt are on a final list of 35 critical minerals that the US deems essential to its economic and national security and wants to produce more of domestically. The Department of Commerce will use the list, which was published by the Interior... 

Vale boss prefers giving away windfall to avoid sins of the past

By: Bloomberg     21st May 2018 Vale, once the most generous dividend payer among major mining companies, may be poised to regain that status with its chief executive officer nearing debt targets and unwilling to hoard cash or rush into deals. Like others in the industry, the biggest producer of iron ore and nickel cut... 

Rusal says Deripaska has not formally resigned; reiterates sanctions may hit business

By: Reuters     21st May 2018 Russia's largest aluminium producer Rusal said on Monday it has not received a formal resignation from director Oleg Deripaska, and reiterated that its business and prospects may be affected by US sanctions. Washington imposed sweeping sanctions last month on some of Russia's biggest companies... 

Glencore said to face UK bribery probe over Congo dealings

By: Bloomberg     18th May 2018 The UK’s white-collar crime prosecutor is preparing to open a formal bribery investigation into Glencore and its work with Israeli billionaire Dan Gertler and the leader of Democratic Republic of Congo (DRC), according to two people with knowledge of the matter. Investigators at the Serious Fraud... 

Zimbabwe mines need $11bn investment to modernise

By: Reuters     18th May 2018 Zimbabwe needs up to $11-billion to modernise its mines and boost production to maximum capacity over the next five years, the head of the country's Chamber of Mines said on Friday. Foreign investor interest in the southern African nation is growing after the fall of longtime leader Robert Mugabe... 

Independence takes greater stake in Orion

By: Esmarie Swanepoel     18th May 2018 Diversified metals miner Independence Group has taken a bigger stake in South Africa-focused explorer Orion Minerals, increasing its shareholding from 4.2% to 11.1%. Independence will subscribe for A$5-million worth of Orion shares, priced at 5c each, with the two companies also entering into a... 

Nyrstar and South Australia disagree on loan repayment

By: Esmarie Swanepoel     18th May 2018 Belgium-based mining and metals group Nyrstar has maintained that it was within its legal rights to defer repayments on a loan to upgrade the Port Pirie smelter, after South Australian Treasurer Rob Lucas threatened the company with legal action. The redeveloped Port Pirie smelter was opened in... 

Nyrstar and South Australia disagree on loan repayment

Eritrea 'poison pill' complicates miner Lundin's aspirations – sources

By: Reuters     18th May 2018 The weak human rights record of one of Africa's poorest countries is coming between Lundin Mining Corp and its pursuit of a prized European copper and gold asset. Cash-rich Lundin's latest run at fellow Canadian miner Nevsun Resources is designed to bag the Timok project in Serbia, but it had to... 

Expo will facilitate interaction among sectors of Zambian economy

By: Jessica Oosthuizen     18th May 2018 The Caminex trade expo, which will be held from June 5 to 7 at the Kitwe showgrounds, in Zambia, provides a platform to facilitate interaction among various sectors of the economy, says event co-organiser Specialised Exhibitions Montgomery portfolio director Charlene Hefer. “It will promote... 

Expo will facilitate interaction among sectors of Zambian economy
CHARLENE HEFER Caminex is an important trade platform for the Copperbelt region

Company believes commodities will regain positive momentum

18th May 2018 The commodities markets have been taken aback by rising uncertainties, including an early February equity market sell-off and the trade conflict between the US and China. As the second quarter unfolds, some of these uncertainties should be easier to interpret, however, price volatility and... 

Company believes  commodities will regain positive momentum
Photo by Bloomberg
GROWTH POSSIBILITY Despite some market uncertainty, the global economy is expected to grow at its fastest pace since 2011

Copper coil device to clean contaminated water, field trials under way

By: Jessica Oosthuizen     18th May 2018 Nonprofit organisation promoting copper use in Africa the Copper Development Association Africa (CDAA) is the sponsor of field tests being conducted for a copper coil device that can clean contaminated water. The device has been in development since 2013. Medical company Infection Control Africa... 

Copper coil device to clean contaminated water, field trials under way
Photo by Creamer Media
WATER WORKS The Copper Development Association Africa is the sponsor of field tests being conducted for a copper coil device that can clean contaminated water

Advantageous networking opportunity provided

By: Jessica Oosthuizen     18th May 2018 Spectrometer and analyser supplier Spectrometer Technologies has found that attending the Caminex trade expo, which will be held from June 5 to 7 at the Kitwe showgrounds, in Zambia, is “an exceptional way” of meeting and networking with companies operating in Zambia and the rest of Africa, says... 

Advantageous networking opportunity provided
MIRKO STEINHAGE Throughout the year, there are three or four important mining shows that we feel every company needs to attend, and Caminex is one of those shows

Vedanta chairperson outlines KCM long term growth plan

18th May 2018 Employees of natural resources company Vedanta Resources subsidiary copper mining and smelting company Konkola Copper Mines (KCM) should feel secure and understand that the company cares for them as it rolls out its ‘Path to Growth’ to boost copper production, states Vedanta Resources chairperson... 

Vedanta chairperson outlines KCM long term growth plan
COPPER PRODUCTION Konkola Copper Mines is one of Africa’s largest integrated copper producers and has mining operations in Chingola, Chililabombe, Kitwe and Nampundwe, in Zambia

Vibrating screens in copper production process vitally important

By: Jessica Oosthuizen     18th May 2018 Copper plays an important role in technological advancements, and vibrating- and original-equipment manufacturer and supplier Kwatani is well positioned to take advantage of growing copper demand. “Kwatani offers customised vibrating screens and feeders to the mining industry; we don’t have a... 

Vibrating screens in  copper production process  vitally important
RUGGED AND ROBUST Vibrating screens must be able to handle large tonnages from the crushing or milling process – and efficiently size the material for the downstream process

Contrasting performances for Sub-Saharan African, European miners – BMI

By: Simone Liedtke     17th May 2018 Europe and sub-Saharan Africa are on opposite ends of BMI Research’s Mining Risk and Reward Index (RRI), as can be seen with Europe’s significantly stronger performance in country and industry risk indicators, while sub-Saharan Africa continues to lag in country reward scores. The country reward... 

China's Jinchuan to double African copper, cobalt output – exec

By: Reuters     17th May 2018 China's Jinchuan Group International Resources plans to double its African copper and cobalt production in the next two to three years, its CEO said on Thursday. The company currently produces around 50 000 tonnes of copper and 5 000 tonnes of cobalt a year, Gao Tianpeng said at the LME Asia Week... 

Anglo looks to sell Peru copper stake to Japanese firms – sources

By: Reuters     17th May 2018 Anglo American is likely to sell up to 30% of its multi-billion dollar Peruvian copper project Quellaveco to Japanese entities, including Mitsubishi, which already own part of it, three sources familiar with the matter said. The London-listed miner said in its 2017 financial results it is... 

Canadian Zinc seeks to raise C$195m in debt for Prairie Creek

By: Mariaan Webb     17th May 2018 Negotiations are under way and proposal are being evaluated for potential debt financing for the Prairie Creek zinc/lead/silver project that TSX-listed Canadian Zinc is advancing in the Northwest Territories. The company, which this week named former KGHM International executive Don MacDonald... 

Aethon to acquire base metals project in Chile

By: Creamer Media Reporter      17th May 2018 TSX-V-listed Aethon Minerals has entered into an option agreement with private Chilean company Sociedad Legal Minera La Florida De Canela to acquire a 100% interest in the Llanos De Llahuin project, in Chile. The project is considered to have potential for a substantial copper/gold/molybdenum... 

Red River starts second underground mine

By: Esmarie Swanepoel     17th May 2018 Zinc producer Red River Resources has started the development of the Thalanga Far West underground mine, in Queensland. Far West is Red River’s second underground mine, and is estimated to host a mineral resource of 1.6-million tonnes, grading 1.6% copper, 2.1% lead and 6.5% zinc, and a reserve... 

Azure looks at development options for Oposura

By: Esmarie Swanepoel     17th May 2018 ASX-listed Azure Minerals was investigating a number of development options at its Oposura zinc and lead-silver project, in Mexico. The company told shareholders that over a dozen metals trading companies and base metal smelters and shown interest in purchasing the zinc and lead-silver... 

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