http://www.miningweekly.com
R/€ = 15.90 Change: -0.01
R/$ = 14.07 Change: 0.00
Au 1320.93 $/oz Change: 5.93
Pt 805.07 $/oz Change: 17.61
 

Base Metals News

Sun Metals to raise C$5.16m for Stardust project

10th December 2018 TSX-V-listed Sun Metals has entered into an agreement with PearTree Securities to raise up to C$5.16-million to fund exploration at its Stardust project, in British Columbia. PearTree, as agent for purchasers, has agreed to subscribe for up to 12.5-million flow-through common shares in Sun Metal... 

South32 inks US copper alliance with EMX

By: Mariaan Webb     10th December 2018 Diversified miner South32 has entered into regional strategic alliance agreement with a subsidiary of EMX Royalty, focusing on finding copper and other base metals projects in Arizona, New Mexico and Utah. The agreement provides funding for generative work and acquisitions over a two-year... 

Frieda River requires $739m govt infrastructure investment

By: Esmarie Iannucci     10th December 2018 A new feasibility study into the Frieda River copper/gold project, in Papua New Guinea, has found that a government investment of some $739-million into infrastructure would be required to make the project feasible. The new feasibility study, conducted by PanAust, adopted a fundamentally... 

Frieda River requires $739m govt infrastructure investment

US delays Rusal sanctions as talks with Deripaska continue

By: Bloomberg     10th December 2018 The US Treasury Department delayed imposing sanctions on Russia’s largest aluminum producer, United Co. Rusal, for the fifth time, as it seeks to strike a deal that would allow the company to escape the penalties. Treasury said in a notice Friday that licenses allowing Rusal to continue doing... 

Barrick’s Michael Brown retires ahead of Randgold merger 

By: Mariaan Webb     10th December 2018 Gold major Barrick Gold has announced management changes in its North American region ahead of the completion of its merger with Africa-focused Randgold Resources on January 1. CFO Catherine Raw will assume responsibility for the enlarged group’s US operations the newly created position of COO... 

A$300m zinc refinery expansion for Queensland

By: Esmarie Iannucci     7th December 2018 Korea’s Sun Metals has committed to a A$300-million expansion of its zinc refinery, in Queensland. Zinc production from the refinery will increase from about 220 000 t/y to 270 000 t/y, with the expansion likely to be completed by the first half of 2021. 

Ascot given green light to explore in Washington state

By: Creamer Media Reporter      7th December 2018 The Bureau of Land Management (BML) has given its approval for TSX-V-listed Ascot Mining to conduct exploration work at its Mt Margaret property, near Randle, in Washington state. After years of environmental review, the Bureau of Land Management (BML) has given its approval for TSX-V-listed... 

Codelco agrees contract with Gabriela Mistral mine workers

By: Reuters     7th December 2018 Chile's state copper miner Codelco said on Thursday it had reached agreement on a new collective labor contract in early negotiations with the union of workers at its Gabriela Mistral mine in northern Chile. The 36-month contract included a signing bonus of 4.2-million pesos and a 2-million peso... 

Keeping abreast of trends and technologies crucial

By: Jessica Oosthuizen     7th December 2018 With the annual Caminex trade expo being the only mining, agricultural and industrial trade expo that takes place in the Copperbelt – in Kitwe, Zambia – event co-organiser Specialised Exhibitions Montgomery mining and industrial portfolio director Charlene Hefer says the event offers visitors the... 

Keeping abreast of trends and technologies crucial
EXPO EXHIBITORS This year, the show hosted more than 140 commercial and international exhibitors

Tax and royalty issues hindering opportunities in Copperbelt

By: Jessica Oosthuizen     7th December 2018 Increasing mining taxes and royalties in Zambia and the Democratic Republic of Congo (DRC) are creating a climate of uncertainty, international metals and minerals researcher Roskill copper associate consultant Jonathan Barnes tells Mining Weekly. “Copper demand globally generally increases... 

Tax and royalty issues hindering opportunities in Copperbelt
Photo by Bloomberg
MINING DUTIES Zambia will introduce new mining duties and increase royalties as the country aims to reduce its budget deficit

Axis House develops new product for electrowinning

By: Jessica Oosthuizen     7th December 2018 Chemical reagents supplier and distributor Axis House has developed the ALC9, a new type of smoothing agent that can provide smoother cathodes than any other product, even at densities of 450 A/m2. Expected to run at industrial level early next year, the new product will be used in the... 

Axis House develops new product for electrowinning
LABORATORY TESTED The new smoothing agent has been extensively tested on laboratory scale and has shown positive results in all aspects of the electrowinning process

Supplier expands Cavex hydrocyclone footprint across Copperbelt

By: Jessica Oosthuizen     7th December 2018 Mining equipment supplier Weir Minerals Africa is expanding its Cavex hydrocyclones footprint across Africa with its two most recent orders of hydrocyclones to be installed in the Central African Copperbelt next year, says Weir Minerals Africa hydrocyclones product manager Sheldon Gabriel. Weir... 

Supplier expands Cavex hydrocyclone footprint across Copperbelt
GLOBAL REACH There is a large installed base of Cavex hydrocyclones in copper applications across the globe

ERG’s Metalkol Roan Tailings Reclamation project Phase I nearing completion

By: Jessica Oosthuizen     7th December 2018 Phase I of diversified miner Eurasian Resources Group’s (ERG’s) Metalkol Roan Tailings Reclamation (RTR) copper and cobalt project in the Democratic Republic of the Congo (DRC) is nearing completion and is expected to reach initial production rates early next year, says ERG CEO Benedikt Sobotka.... 

ERG’s Metalkol Roan Tailings Reclamation project Phase I nearing completion
METALKOL PROJECT The Metalkol Roan Tailings Reclamation project comprises the reprocessing of old cobalt and copper tailings from previous mining operations around Kolwezi, in the Democratic Republic of Congo

Nickel price to weaken next year, but strengthen again thereafter

By: Rebecca Campbell     7th December 2018 Analysis and consultancy company Fitch Solutions Macro Research (part of the Fitch Group but separate and distinct from sister company Fitch Ratings) has reduced its forecast nickel price for 2019, while remaining confident that it will thereafter trend upwards again. Its previous nickel price... 

Gamsberg to trigger new wave of industrial development in Northern Cape 

By: Simone Liedtke     6th December 2018 In the lead-up to achieving its production target of 600 000 t/y, diversified miner Vedanta's Northern Cape-based Gamsberg zinc mine is ready to launch Phase 1. After having been in development for three years by Vedanta's Zinc International division, the $400-million Gamsberg development forms... 

 Gamsberg to trigger new wave of industrial development in Northern Cape

Pioneering nickel sulphate venture draws down on loan 

By: Martin Creamer     6th December 2018 Black-controlled Thakadu Battery Materials, a pioneering South African high-purity battery-grade nickel sulphate developer, has made its first drawdown from South Africa’s State-owned Industrial Development Corporation (IDC) under a R152-million loan facility agreement. The IDC loan is funding... 

Pioneering nickel sulphate venture draws down on loan
Thakadu Battery Materials CEO Ruli Diseko

Peru rejects EIA for Sierra Metals’ Yauricocha expansion

By: Mariaan Webb     6th December 2018 Toronto-headquartered Sierra Metals is facing a delay at its Yauricocha tailings expansion project, following the rejection of the environmental impact assessment (EIA) study for the deposition facility. An approved EIA is required for a construction permit for the next three phases of the... 

Panoramic settles Lanfranchi sale

By: Esmarie Iannucci     6th December 2018 ASX-listed Panoramic Resources has completed the A$15.1-million sale of the Lanfranchi nickel project, in Western Australia, to privately held Black Mountain Metals. The two companies in September struck an agreement for the divestment of the Lanfranchi asset, which was placed under care and... 

Rio restarts New Zealand potline

By: Esmarie Iannucci     6th December 2018 Diversified miner Rio Tinto on Wednesday re-opened Potline 4 at its New Zeland Aluminium Smelter (NZAS), on the South Island. The company and its joint venture partner Sumitomo invested some $4.1-million over the last year to upgrade and restart the potline, adding 31 000 t of production capacity. 

EVs to become main driver of battery storage deployment over next decade, says Fitch Solutions

By: Simone Liedtke     5th December 2018 The electric vehicle (EV) market is set to become the main driver of surging battery storage deployment over the next decade, following increasing ambitions by developed and emerging markets to decarbonise their transport sectors, and will have a substantial disruptive effect on how energy is... 

Innovate and generate cash at same time – Dassault Systèmes Geovia  

By: Martin Creamer     5th December 2018 The objectives of innovating and generating cash are not mutually incompatible and can be achieved at multiple levels simultaneously, says Dassault Systèmes Geovia Brand CEO Raoul Jacquand, who was in Johannesburg to showcase the French company’s suite of advanced three-dimensional (3D) software.... 

Innovate and generate cash at same time – Dassault Systèmes Geovia
Dassault Systèmes Geovia Brand CEO Raoul Jacquand spoke to Mining Weekly Online’s Martin Creamer on new mining technology. Video: Christo Greyling. Photogaphs: Creamer Media Chief Photographer Dylan Slater.

Congo mining revenues jump 147% in first 9 months

By: Reuters     5th December 2018 Democratic Republic of Congo (DRC) collected $1.21-billion in revenues from its mining sector over the first nine months of 2018, an increase of 147.4% over the same period last year, finance ministry data showed. Revenues from the hydrocarbons sector rose 1.4% over that same period to... 

BHP gets approval for Venus

By: Esmarie Iannucci     5th December 2018 Diversified miner BHP has been granted development approval of its Venus underground nickel mine, by the Western Australian state government. Venus, which was discovered six years ago, will be the source of high-grade material that will feed the Leinster nickel operation’s mille and concentrator... 

Copper deals to get elusive after Teck's $1.2bn sale

By: Bloomberg     5th December 2018 The global hunt for high-quality, low-risk copper assets that are ready for construction is about to get tougher after Teck Resources sells a stake in one of the few deals available. Sumitomo and Sumitomo Metal Mining agreed to pay $1.2-billion for 30% of the Compañia Minera Teck Quebrada Blanca... 

Vale to pump $500m into nickel mine, ends partner quest

By: Reuters     4th December 2018 Brazilian miner Vale SA, the world's top nickel producer, wants to shore up its nickel business before the electric vehicle revolution, but lowered 2019 output forecasts for the metal, a key ingredient in lithium batteries. In presentation to investors in New York, Vale executives projected the... 

Vale to pump $500m into nickel mine, ends partner quest
Vale CEO Fabio Schvartsman

Two proxy advisory firms back Hudbay-Mason deal

By: Mariaan Webb     4th December 2018 Proxy advisory services firms Institutional Shareholder Services and Glass Lewis & Co have recommended that Mason Resources shareholders vote for the transaction in which the company will be acquired by Hudbay Minerals. The plan of arrangement between the companies were announced on November 1,... 

Serbia's mining sector could contribute 5% of national output by 2023

By: Reuters     4th December 2018 Serbia's mining industry could expand to 5% of national output by 2023 if foreign investors keep commitments to plough millions of dollars into copper and lithium production, its Mining Minister said. The sector currently accounts for 1% of Serbia's gross domestic product. But since 2000, when a... 

Serbia's mining sector could contribute 5% of national output by 2023

Taseko buys BC copper project for $15m

By: Mariaan Webb     4th December 2018 Base metals producer Taseko Mines on Tuesday announced the $15-million acquisition of Yellowhead Mining, which owns the Harper Creek copper/gold/silver project in British Columbia, where the company already operates the Gibraltar mine. With proven and probable reserves of 3.6-billion pounds of... 

URU's Zebediela licence renewed

By: Creamer Media Reporter      4th December 2018 The Department of Mineral Resources has renewed Aim-listed URU Metals' prospecting right over the Zebediela nickel project, in Limpopo. The right will expire on December 2, 2021. 

The final frontier: who owns the oceans and their hidden treasures?

By: Reuters     4th December 2018 Ransom-hungry pirates, polar explorers, offshore oil giants - the race for the riches of the world's final frontier is on. From Thailand to Alaska, the battle to tap ever-dwindling resources from minerals to fish is spurring new conflicts over who has the right to the treasures of the deep seas. 

Sumitomo buys $1.2bn stake in Teck's Quebrada Blanca

By: Mariaan Webb     4th December 2018 Canadian miner Teck Resources on Tuesday announced that it would proceed with the Quebrada Blanca Phase 2 (QB2) project in Chile, and that Japan’s Sumitomo would be its 30% project partner. Sumitomo Metal Mining Co and Sumitomo Corporation will pay $1.2-billion for a 30% indirect interest in... 

Sumitomo buys $1.2bn stake in Teck's Quebrada Blanca
Teck Resources president Don Lindsay

Shareholders back Herencia with $120k in funding

By: Creamer Media Reporter      4th December 2018 Two of Herencia Resources shareholders have agreed to advance $120 000 to the company, which the Aim-listed firm said on Tuesday would provide sufficient funds through to the end of January. The Chile-focused junior explorer and developer warned, though, that its working capital position... 

Katanga completes hot commissioning of WOL Phase 2

By: Tasneem Bulbulia     4th December 2018 Glencore subsidiary Katanga Mining has successfully completed the hot commissioning of Phase 2 of the whole ore leach (WOL) processing facility at its 75%-owned subsidiary Kamoto Copper Company's (KCC's) copper and cobalt mine in Lualaba province, in the Democratic Republic of the Congo. The... 

Nautilus creates new JV to finance seafloor mining vessel

By: Mariaan Webb     4th December 2018 Canada-based Nautilus Minerals is creating a new joint venture (JV) company to finance the acquisition of a production support vessel (PSV) for the Solwara 1 seafloor mining project, in the territorial waters of Papua New Guinea. The prospective marine miner said this week that it was in... 

Glasenberg eyes successor as Glencore readies new generation 

By: Bloomberg     4th December 2018 Ivan Glasenberg said there will be a generational shift at the top of Glencore over the next few years, suggesting a period of upheaval for the world’s largest commodity trader that’s unprecedented in its short history as a public company. Glasenberg said he’s actively looking for the next CEO... 

Glasenberg eyes successor as Glencore readies new generation
Ivan Glasenberg

Excelsior to initiate construction at Arizona-based copper mine

By: Mariaan Webb     4th December 2018 US-headquartered Excelsior Mining’s board has given the green light for the construction of the Gunnison copper mine, in Arizona, following the closing of a $75-million project financing package. Provided by Triple Flag Mining Finance Bermuda, the financing consists of a $65-million copper metal... 

Congo State miner in production-sharing deal with Chinese firm

By: Reuters     3rd December 2018 Congo's Gecamines said on Monday it had signed a production-sharing deal for copper and cobalt deposits with HongKong Excellen Mining, which will pay a $40-million signing bonus. Democratic Republic of Congo is Africa's top copper producer and the leading miner of cobalt, which is used for... 

Orion initiates airborne survey at flagship Prieska project

By: Simone Liedtke     3rd December 2018 Dual-listed Orion Minerals on Monday announced that a major SkyTEM airborne electromagnetic survey has started over its flagship Prieska zinc/copper project, in South Africa, as it continues to accelerate its near-mine exploration programme. The intensification of near-mine exploration activities... 

Latest News

more

Latest Videos

more

Press Office

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close