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Base Metals News

Capital-saving solutions for crushing and screening

     6th October 2017 Rising commodity prices reinvigorate the potential of new mining projects, but raising enough finance still remains a challenge; however, crushing and screening plants specialist B&E International has a toll model that reduces capital demands on mining entrepreneurs. “This concept appeals to the... 

Company investing in new tech despite challenging market

By: Tasneem Bulbulia     6th October 2017 Mining solutions provider Harcliff Mining Services has installed a German-made Hӧfler Rapid 2000 cylindrical gear grinding machine at its manufacturing facility in Gauteng, South Africa. The machine, bought from Switzerland-headquartered Swiss-German gear technology company Klingelnberg Group was... 

Company investing in new tech despite challenging market
ON THAT GRIND The Hӧfler Rapid 2000 cylindrical gear grinding machine manufactures high-accuracy pinions for mill and kiln open gearing applications

World’s ‘largest wheel loader’ bound for Zambian copper mine

By: Dylan Slater     6th October 2017 The Zambia-based Sentinel copper mine is set to receive “the world’s largest wheel loader” – a P&H L-2350 wheel loader – according to Komatsu Mining Corporation, previously known as Joy Global.  

World’s ‘largest wheel loader’ bound for Zambian copper mine
INCREASED PAYLOAD The P&H L-2350 was chosen for loading applications at Sentinel mine owing to its capability of loading the mine’s ultra class haul trucks

Golden value-addition for Zambian copper miner

By: Ilan Solomons     6th October 2017 Copper mining can produce lucrative by-products, with the most common one in Zambia being cobalt. It sells for five times more than copper on world markets. However, Zambia Chamber of Mines initiative Mining for Zambia (MFZ) points out that the ultimate by-product for any copper mine is gold and... 

Golden value-addition for Zambian copper miner
KANSANSHI COPPER MINE ‘Advanced mining techniques’ have assisted the mine in recovering increasingly more ounces of gold during the mineral refining process

Mining leaders stress need for good leadership

By: Mia Breytenbach     5th October 2017 Good leadership is critical to South Africa, former AngloGold Ashanti CEO Bobby Godsell said on Thursday. Speaking during a panel discussion on the leadership skills required for the future at the fifth Joburg Indaba conference, he stressed that the “fish rots from the head” and that good... 

Ferrum Crescent withdraws resolution for A$2.7m fundraising

By: Mariaan Webb     5th October 2017 Lead/zinc exploration company Ferrum Crescent has withdrawn the resolution seeking shareholder approval to raise A$2.7-million for the Toral project, in Spain. The company said on Thursday that the resolution, which was due to be voted on at the October 18 general meeting in Perth, had been... 

Havilah raises cash to fund South Australia copper growth

By: Esmarie Swanepoel     5th October 2017 Junior Havilah Resources will raise about A$7-million to fund its copper growth strategy, which will see the company develop its advanced stage copper/gold/cobalt projects in South Australia. The projects tipped for development include the 1.14-million tonne of copper and 3.3-million ounce of... 

Glencore gets what it wants with zinc market tightest in years

By: Bloomberg     5th October 2017 Two years ago, the world’s largest zinc miner needed to cut production to turn around a bloated market. Now, supply is the tightest in years and Glencore Plc wants to get bigger. Glencore curtailed zinc output at mines in Australia and Kazakhstan to solve a supply overhang and lift prices off... 

Glencore gets what it wants with zinc market tightest in years

BofAML updates mined commodity price forecasts as Chinese policies prop up prices

By: Henry Lazenby     4th October 2017 The Global Research team at the Bank of America Merrill Lynch (BofAML) has updated its price forecasts for mined commodities, saying on Wednesday that its prior price outlook had been too bearish for cyclical raw materials, while the near-term outlook for gold and silver looks less bullish than... 

Open Mineral Exchange revolutionises commodity trading through innovative online platform 

By: Henry Lazenby     4th October 2017 A group of former traders at commodity giant Glencore has created an innovative new cloud-based mineral exchange to make it easier for producers and users to trade physical commodities – cutting out the often costly middle man. “We are reinventing the industry,” Open Mineral Exchange (OME) COO... 

Open Mineral Exchange revolutionises commodity trading through innovative online platform
Photo by Open Minera Exchange
Open Mineral Exchange co-founders COO Ilya Chernilovskiy (L) and CEO Boris Eykher (R).jpg

Rip up charter, provide tax incentives, back junior miners – Maimane 

By: Martin Creamer     4th October 2017 Mining Charter Three should be ripped up, proper tax incentives introduced and junior mining enterprises supported to restore investment in the mining industry, which is a stimulator of the South African economy as a whole, Opposition Democratic Alliance leader Mmusi Maimane said on Wednesday.... 

Rip up charter, provide tax incentives, back junior miners – Maimane
Opposition Democratic Alliance leader Mmusi Maimane, addressing delegates at the Joburg Indaba conference. Camerawork: Nicholas Boyd. Editing: Lionel da Silva.

ANC will heed Joburg Indaba call for removal of Minerals Minister – Mkhize 

By: Martin Creamer     4th October 2017 The majority call by the Joburg Indaba for the government to replace Mineral Resources Minister Mosebenzi Zwane with a new Minister would be communicated to the African National Congress (ANC), which was committed to facilitating an enabling environment for the South African mining industry, ANC... 

ANC will heed Joburg Indaba call for removal of Minerals Minister – Mkhize
ANC treasurer general Dr Zweli Mkhize addresses delegates at the Joburg Indaba about Mineral Resources Minister Mosebenzi Zwane. Camerawork: Nicholas Boyd. Editing: Lionel da Silva.

Heron ramps up activity at Woodlawn

By: Esmarie Swanepoel     4th October 2017 Base metals developer Heron Resources has ramped-up activities at its Woodlawn zinc/copper project, in New South Wales, after completing project financing. The company on Wednesday told shareholders that 45 contract staff had been mobilised to site, along with equipment, with work well under way... 

Copper Mountain wraps summer drill campaign, starts New Ingerbelle campaign

By: Henry Lazenby     4th October 2017 British Columbia-based copper producer Copper Mountain Mining has completed its summer drilling programme at its eponymous Copper Mountain mine and started drilling at the new Ingerbelle target, both located near Princeton in the province’s south. The programme was intended to expand resources on... 

Glencore to lift stake in Peruvian zinc producer

By: Henry Lazenby     3rd October 2017 Following on the heels of its divestment of its Africa-based zinc assets, global mining major Glencore has reached agreement with three shareholders of Peru’s biggest zinc producer Volcan Compañia Minera to increase its stake, the vertically integrated company revealed on Tuesday. Volcan’s... 

Glencore to lift stake in Peruvian zinc producer

Central Asia expects FY output to be upper end of guidance

By: Creamer Media Reporter      3rd October 2017 The Kounrad dump leach solvent extraction and electrowinning copper recovery plant in Kazakhstan has produced 3 842 t in the third quarter, Aim-listed Central Asia Metals Limited (CAML) reported on Tuesday. The third-quarter production is lower than the 4 102 t produced a year earlier, but places... 

Imperial Metals' holders count on another billionaire rescue

By: Bloomberg     3rd October 2017 Has billionaire Murray Edwards stepped in to prop up a troubled Canadian copper miner once more? That’s what investors and analysts are wondering after Imperial Metals won a second reprieve on its loans until October 13, while bankers review a new financial rescue plan. Edwards, the company’s... 

Broadway searching for copper porphyry at Madison; adds 'fourth shot' at building mine

By: Henry Lazenby     3rd October 2017 Junior explorer Broadway Gold Mining has started work on a 3 050-m Phase III surface drilling programme targeting copper/gold porphyry mineralisation at the company’s 100%-owned Madison project, in the fabled Butte-Anaconda mining region of Montana. Extensive geological interpretation of Phase I... 

Broadway searching for copper porphyry at Madison; adds 'fourth shot' at building mine
Photo by Duane Daws
Broadway Gold Mining president and CEO Duane Parnham sees 'company maker' potential at Madison, Montana

Chile confident that stable legislation, strong institutions promote its mining sector

By: Natasha Odendaal     2nd October 2017 As various headwinds continue to challenge mining industries worldwide, a Chilean delegation visiting South Africa on Monday spoke of stable legal frameworks and solid institutions as being critical factors in the success of its mining sector. As part of a Chilean delegation visiting three... 

Savannah reports ‘steady progress’ towards granting of Oman licences

By: Creamer Media Reporter      2nd October 2017 Aim-listed Savannah Resources is making “steady progress” towards the granting of mining licences for the first two of a planned series of copper mine developments in Oman. To date, the company has received regulatory approval from five Ministries for the Maquil South licence application,... 

Metalworkers to intensify wage strike at South32 smelter in South Africa

By: African News Agency      2nd October 2017 The National Union of Metalworkers of South Africa (Numsa) on Monday vowed to intensify the strike against Australian miner South32 in Richards Bay, KwaZulu-Natal, after a marathon negotiation session to resolve the strike was deadlocked. The global mining company has an aluminium smelter in... 

New Century takes full ownership of Qld mine

By: Esmarie Swanepoel     2nd October 2017 Base metals hopeful New Century Resources has moved to take full ownership of the Century Zinc mine, in Queensland. The junior company on Monday said that it would acquire the remaining 30% interest in the project by acquiring privately owned Century Bull, which holds not only an interest in the... 

Tungsten Mining launches A$13.5m capital raise

By: Esmarie Swanepoel     2nd October 2017 ASX-listed Tungsten Mining will raise some A$13.5-million through a nonrenounceable entitlement offer, to complete pilot plant testwork at its Mt Mulgine tungsten project, in Western Australia The one-for-three nonrenounceable entitlement issue will be priced at 10c a share, with some 135-million... 

Commercial production declared at KAZ Minerals’ Aktogay sulphide plant

By: Mariaan Webb     2nd October 2017 Copper miner KAZ Minerals on Monday announced that the sulphide concentrator at its new Aktogay mine, in eastern Kazakhstan, had reached commercial production and that the mine could exceed its 2017 production guidance. Commissioning of the sulphide concentrator started in December last year and... 

Commercial production declared at KAZ Minerals’ Aktogay sulphide plant
Copper cathode production at the Aktogay mine.

Interest building in attractive tax incentive for mine owners

By: Martin Creamer     29th September 2017 Interest is building in the Section 12J of the Income Tax Act incentive structure introduced by Treasury to promote venture capital investments and stimulate growth and job creation in the South African economy, Mining Weekly Online can report. The aim of Section 12J is to encourage investment... 

Interest building in attractive tax incentive for mine owners
Photo by Jaltech
Possible structure for Section 12J tax incentive

Sierra lifts Yauricocha M&I resources 68%

By: Henry Lazenby     29th September 2017 Canadian miner Sierra Metals announced on Thursday that its ongoing brownfield exploration at the producing Yauricocha mine, located in Yauyos province, Peru, has increased the resource statement's compliant measured and indicated resources by 68%, and its inferred resources by 77%. The... 

Canadian Zinc up-sizes Prairie Creek mine, feasibility confirms strong economics

By: Henry Lazenby     29th September 2017 Development company Canadian Zinc has published the results of a feasibility study on its Prairie Creek project, in Canada’s Northwest Territories, demonstrating a significant increase in the mining rate and mill throughput that will enable production of more zinc, lead and silver, at lower... 

America’s ‘most storied mine’ under new management as Bunker Hill aims at restart

By: Henry Lazenby     29th September 2017 One of America’s most famous mines is set to restart operations, after a team of mine developers that have done it before in Idaho’s Silver Valley, recently obtained a lease and option to buy the historic brownfields project. Using a Canadian shell company to advance the acquisition of the... 

America’s ‘most storied mine’ under new management as Bunker Hill aims at restart
Photo by US EPA
The Bunker Hill smelter operating in winter snow in the 1970s

Trust and confidence key to advancing S African mining

By: Robyn Wilkinson     29th September 2017 With uncertainty reigning in the South African mining landscape, it is imperative that the private sector maintain a positive approach to transformation, says consulting engineering and scientist firm SRK Consulting partner and principal consultant Andrew van Zyl. 

Trust and confidence key to advancing  S African mining
ANDREW VAN ZYL The mining industry needs to prioritise the rebuilding of reserves, the stimulation of new exploration and the process of consolidation

Gigantic SA-made ore scrubber destined for Sierra Leone mineral sands mine

By: Mia Breytenbach     29th September 2017 Mechanical process equipment and solutions provider MechProTech has completed the manufacturing of one of its largest pieces of mining process equipment – the multimillion-rand, Titan 3596 mineral ore scrubber – which will be delivered to a mineral sands mine in Sierra Leone. MechProTech focuses... 

Gigantic SA-made ore scrubber destined for Sierra Leone mineral sands mine
Photo by Duane Daws
SIZABLE PROCESSING Titan 3596 mineral ore scrubber is used to wash and break up alluvial gravels, clay and sand

Offshore capital equipment markets come in handy amid ‘turmoil’ in domestic mining sector

By: Dylan Slater     29th September 2017 South African capital equipment manufacturers that are exporting, and which have survived the ongoing turmoil in the mining industry and domestic economic environment, have showed resilience and bear testament to the lifeline provided through exporting products and not relying solely on sales... 

Offshore capital equipment markets come in handy  amid ‘turmoil’ in domestic mining sector

Stakeholder cohesion crucial to change trajectory of South African mining

By: Robyn Wilkinson     29th September 2017 Chamber of Mines of South Africa (CoM) CEO Roger Baxter will consider the role that the CoM and mining companies can play in increasing investment in South Africa’s mining sector, despite current challenges, by creating an enabling business environment through the building of trust between mining... 

Stakeholder cohesion crucial to change trajectory of South African mining
ROGER BAXTER Key to encouraging cohesion between mining stakeholders is a continued commitment to driving transformation in the industry at all levels

Time for mining industry to take action

     29th September 2017 In the wake of commodity prices beginning to show signs of recovery in 2016, mining companies globally have taken steps to strengthen their balance sheets, building a platform from which to take decisive action about the future, says multinational professional services provider PwC Africa energy,... 

Time for mining industry to take action
MICHAL KOTZE The mining industry has moved out of danger and some mining companies see the conditions as ripe for value accretive moves, with market differentiation their immediate goal

Zambia mines deny they are being subsidised by domestic electricity consumers

By: Ilan Solomons     29th September 2017 The notion that Zambia’s mines are being subsidised by domestic consumers is  “wholly untrue and completely at odds with the facts”, states Zambian Chamber of Mines president Nathan Chishimba, in response to a number of recent articles in the Zambian media suggesting that the government and... 

Zambia mines deny they are being subsidised by domestic electricity consumers
Photo by Duane Daws
KEY CUSTOMER The Zambian mining industry accounts for 80% of Zesco’s revenues with the balance coming from households, government, general industry and agriculture

Pembridge targets inaugural deal before year-end

By: Creamer Media Reporter      28th September 2017 Mining-focused special purpose acquisition company Pembridge Resources has stepped up its due diligence on a number of potential targets, with the aim of announcing an inaugural transaction by the end of the year. The company, which in August moved from the Aim to LSE main board, is looking for... 

Trial mining starts at Sconi

By: Esmarie Swanepoel     28th September 2017 Trial mining has started at the Sconi nickel/cobalt/copper project, in Queensland, with 20 t of bulk sample materially successfully mined. The bulk ore sample is expected to produce about 160 kg of nickel sulphate, 20 kg of cobalt sulphate and 5 kg of high-purity scandium oxide. 

No clarity on funding drawdown for mine rehab – Joburg Indaba

By: Martin Creamer     27th September 2017 There is no clarity on the way that mining companies can draw down from their financial provision vehicles to undertake mine rehabilitation, the Joburg Indaba Breakfast heard on Wednesday during a discussion on the implications of the new National Environmental Management Act (Nema). Chaired by... 

No clarity on funding drawdown for mine rehab – Joburg Indaba
Photo by Joburg Indaba
Panellists from left to right are Pan African CEO Cobus Loots, MSA MD Ben Burnand, PwC's Dr Ferdi Linde, ENSafrica's Andries Myburgh, DMR's director of mine closure Reuben Masenya and Cenviro Solutions MD Leentie Smit

Thalanga plant ramping up

By: Esmarie Swanepoel     27th September 2017 The Thalanga mill, in Queensland, has ramped up to a processing rate of 325 000 t/y, exceeding the project’s 300 000 t/y nameplate capacity, ASX-listed Red River Resources reported on Wednesday. The ramp-up of the Thalanga zinc project has been completed ahead of schedule and about A$1-million... 

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