http://www.miningweekly.com
R/€ = 15.90 Change: 0.00
R/$ = 13.50 Change: 0.00
Au 1243.94 $/oz Change: 6.10
Pt 891.50 $/oz Change: 14.00
 

Base Metals News

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... 

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... 

Yamana bets on gold price falling, locks 60% of output in option contracts

By: Henry Lazenby     26th September 2017 In the final stages of construction of the $126-million Cerro Moro project, in the Santa Cruz province of Argentina, Canadian gold major Yamana Gold has locked up about 60% of gold output in option contracts. The Toronto-based miner said on Monday that it needed to secure certainty of cash flows... 

BC’s NDP-led govt talks up exploration, mining as basis for building burgeoning communities

By: Henry Lazenby     26th September 2017 British Columbia is ‘ground zero’ for mining in Canada, as technological advances require an ever-increasing volume of metals to satisfy improving standards of living and environment-friendly technologies. This was the key message to attendees at the fourth yearly Resource Breakfast Series held... 

BC’s NDP-led govt talks up exploration, mining as basis for building burgeoning communities
Photo by British Columbia Government
BC Minister for Energy, Mines and Petroleum Michelle Mungall was formally sworn in by Lieutenant Governor Judith Guichon

Zinc price on the up as supply tightens; cobalt forecast revised upwards as demand intensifies

By: Henry Lazenby     26th September 2017 Chinese zinc imports for August have increased by 145% year-on-year to 227 000 t, according to Metal Bulletin and Chinese customs data released on Tuesday. Scotia Mining Sales noted in a report to clients that this was not surprising given the Shangai Futures Exchange and London Metals Exchange... 

Red Rock mulls potential investment in DRC copper/cobalt tailings project

By: Creamer Media Reporter      26th September 2017 Aim-listed Red Rock Resources (RRR) has entered into a conditional agreement with private Isle of Man company Cobalt Blue to acquire an interest in a new joint venture company (JVCo) that will be established for the exploitation of four copper/cobalt tailings properties near Kolwezi, in the... 

Tiger recapitalises with $18.2m facility

By: Esmarie Swanepoel     26th September 2017 Copper miner Tiger Resources has secured an $18.2-million facility to support ongoing operations and to fund initiatives to improve the performance of its Kipoi copper project, in the Democratic Republic of Congo. The new facility, which has a 13% a year interest rate, was agreed to with two of... 

Taseko’s board OKs Florence test facility in wake of permit appeal win

By: Henry Lazenby     26th September 2017 Base metals-focused miner Taseko Mines has decided to proceed with the $25-million construction of a production test facility at its Florence in situ copper project, in Arizona, after winning a third-party appeal against the federal underground injection control (UIC) permit that was issued late... 

Tungsten-focused Thor moves diversified portfolio up value curve as commodity prices rally

By: Henry Lazenby     26th September 2017 Australian junior Thor Mining is pushing ahead with its diversified portfolio of tungsten/copper/lithium projects in Australia and the US, in the hope of capitalising on rising metals prices. The Sydney-based explorer and project developer, which has equity listings on the ASX and LSE’s Aim,... 

Tungsten-focused Thor moves diversified portfolio up value curve as commodity prices rally
Thor Mining expects to update the Pilot Mountain tungsten resource, in Nevada, soon

Lower metals prices weigh on materials price index – IHS

By: Henry Lazenby     23rd September 2017 The materials price index (MPI) from Global Insight by IHS Markit has slipped 0.1% last week, the first decline in four weeks, as metal markets finally began to slide, the firm advised on Friday. The strength of the last few weeks has been mainly attributable to a surge in metal prices and the... 

Central Asia Metals to buy Lynx Resources for $402.5m

By: Anine Kilian     22nd September 2017 Aim-listed base metals miner Central Asia Metals will buy Bermuda-based Lynx Resources for $402.5-million. Lynx, which is owned by Bermuda-based fund Orion Co-Investments III and Swiss private equity firm Fusion Capital, owns the SASA zinc/lead mine in Macedonia. 

Central Asia Metals to buy Lynx Resources for $402.5m
Central Asia is buying the SASA zinc/lead mine in Macedonia.

Zinc darling Trevali poised for further organic, M&A growth as prices climb

By: Henry Lazenby     22nd September 2017 Following the recent $400-million acquisition of a portfolio of zinc assets from mining major Glencore, Vancouver-headquartered Trevali Mining has become the go-to investment vehicle for investors keen to get in on rising zinc prices. Supported by strong fundamentals, including a growing supply... 

Zinc darling Trevali poised for further organic, M&A growth as prices climb
Photo by Trevali Mining
Trevali president and CEO Mark Cruise

Master Drilling aiming to extend geographical, technological diversification

By: Mia Breytenbach     22nd September 2017 Raise-boring and drilling solutions provider Master Drilling continues to extend its service provision capacity and technology reach, with the company focusing on diversifying into new markets and industries and advancing technologically. “Diversification across geographies, commodities,... 

Master Drilling aiming to extend geographical,  technological diversification
KEY COMPONENT Master Drilling aims to grow business not only in underground mining, but also in openpit mining, which makes up the majority of mining

Mining's biggest mystery is what Agarwal plans to do with Anglo

By: Bloomberg     21st September 2017 As Anglo American’s board met at the lavish Vergelegen wine estate in South Africa yesterday evening as part of a 100-year celebration, executives were blindsided by news headlines: Indian mining tycoon Anil Agarwal was becoming the biggest shareholder. After Anglo’s managers partied to honor the... 

Mining's biggest mystery is what Agarwal plans to do with Anglo

Further investment in Anglo by majority shareholder of Vedanta

By: Martin Creamer     21st September 2017 Vedanta head Anil Agarwal has once again hit the headlines by announcing an intended further personal investment in Anglo American through Volcan Investments, which is the majority shareholder of Vedanta Resources. Volcan announced on Wednesday that it intended investing £1.25-billion to... 

Further investment in Anglo by majority shareholder of Vedanta
Photo by Bloomberg
Vedanta head Anil Agarwal

Copper Hill value increases - Golden Cross

By: Esmarie Swanepoel     21st September 2017 An independent valuation by GEOS Mining has found that the Copper Hill copper-gold project, in New South Wales, was worth an estimated preferred A$14.4-million. Project owner Golden Cross Resources said on Thursday that the project’s worth had been estimated at between A$7.6-million and... 

H1 2017 shows world refined copper deficit of 75 000 t

By: Henry Lazenby     20th September 2017 The world’s refined copper balance for the first half of 2017 indicates a deficit of around 75 000 t, including revisions to data previously presented, the Lisbon-based International Copper Study Group revealed on Wednesday. This is mainly owing to stagnant growth in the world refined copper... 

H1 2017 shows world refined copper deficit of 75 000 t

Black Butte advances further – Sandfire

By: Esmarie Swanepoel     20th September 2017 ASX-listed Sandfire Resources has overcome another development hurdle at its Black Butte project, in Montana, after it was issued a draft operating permit for the copper project. The Montana Department of Environmental Quality now considers the project to be "complete and compliant" in... 

Finders reports strong H1 on Wetar production

By: Esmarie Swanepoel     20th September 2017 Copper miner Finders Resources reported a net profit after tax of A$41.7-million for the six months ended June 30, as its Wetar copper project, in Indonesia, continued to perform well. The company reported a net loss after tax of A$22.2-million in the previous corresponding period. 

Teck ups Red Dog guidance; outlines significant exploration target for Aktigiruq

By: Henry Lazenby     19th September 2017 Canada’s largest diversified miner Teck Resources has added about 50 000 t of zinc output to the full-year guidance for its Red Dog mine, in Alaska. Vancouver-headquartered Teck advised that improving recoveries in the last few months has prompted the company to lift guidance to a range of 525... 

London's black cabs going electric spurs aluminium restart

By: Bloomberg     18th September 2017 London’s black cabs going electric shows the new wave of automobile technology is already reshaping the metals industry. After being closed for three years due to a weak market, Sapa SA’s aluminium plant in south Wales will reopen this week to supply lightweight parts for automakers such as... 

Orion seeks to develop new, modern copper mine over historical success

By: Natasha Odendaal     18th September 2017 With a secondary listing on the JSE now firmly under its belt, Australian base metals firm Orion Minerals is looking to reignite the development of a South African mining asset it believes was abandoned well before its prime – the Prieska zinc/copper project, in the Northern Cape. However, for... 

Orion seeks to develop new, modern copper mine over historical success
Photo by Duane Daws
Orion CEO Errol Smart

Avanco revises Jaguar deal

By: Esmarie Swanepoel     18th September 2017 ASX-listed junior Avanco Copper has revised its agreement with TSX-listed Jaguar Mining over the CentroGold project, in Brazil. The two companies in 2016 entered into an A$8.45-million earn-in agreement under which Avanco could take full ownership of the project through various instalments. 

Research consortium to spend A$14.6m on South Australian copper

By: Esmarie Swanepoel     18th September 2017 he South Australian government will spend A$4-million over the next four years on a research consortium, led by the University of Adelaide, to develop advanced technologies to boost copper production and to develop a globally competitive mining technology services sector. The University of... 

African copper, nickel mines on Coal India radar as miner diversifies

By: Ajoy K Das     18th September 2017 Having decided to evolve into a diversified resource major from a pure play coal miner, Coal India Limited (CIL) has identified copper and nickel mines in Africa for its maiden overseas foray into noncoal minerals. KPMG has been appointed to prepare the roadmap that will see CIL emerge as a... 

Freeport seen facing more battles over world's top gold mine

By: Bloomberg     18th September 2017 The landmark deal that forced Freeport-McMoRan to cede controlling interest in the world’s biggest gold mine and second-largest copper mine to Indonesia may not be the final outcome as both sides prepare for a politically charged fight over the price of the asset and how it will be run, according... 

Orion on track to develop Prieska zinc/copper project

By: Anine Kilian     15th September 2017 ASX-listed Orion Minerals, which will list on the Johannesburg Stock Exchange on Monday, is focused on fast -tracking the development of its Northern Cape-based Prieska zinc/copper project. The company plans to leverage the secondary listing to open up more efficient local funding options through... 

Orion on track to develop Prieska zinc/copper project
Orion CEO Errol Smart

Nitrogen generator offers Zambian mines extended tyre life

By: Simone Liedtke     15th September 2017 There are several opencast mines on the Copperbelt in Zambia using large haul trucks to transport ore from the pit for crushing and processing, and extending the life of tyres plays a significant role in cutting costs and improving production, says on-site nitrogen gas generator supplier NitraLife. 

Nitrogen generator offers Zambian mines extended tyre life
NITROGEN GENERATOR Minimal maintenance is needed to keep the NitraLife generator operating effectively

800 000 t copper output by year-end conservative estimate

By: Simone Liedtke     15th September 2017 Copper production in Zambia will reach just more than 800 000 t by the end of this year as the country is taking steps to regain its position as Africa’s leading copper producer, according to Zambia Chamber of Mines (CoM) initiative Mining for Zambia (MFZ). “This is a conservative estimate,... 

800 000 t copper output by year-end conservative estimate
DRAWING DOLLARS $12.4-billion was invested in new mining ventures in Zambia from 2000 to 2014 by just six mining companies

German companies to display digital solutions for Zambian mines

By: Simone Liedtke     15th September 2017 Nonprofit organisation, the Southern African-German Chamber of Commerce and Industry, is aiming to invite more German companies to Zambia to display digital solutions for mining and Industry 4.0, following the success of its German-Zambian Business Forum. SA-German Chamber Lusaka office head... 

German companies to display digital solutions for Zambian mines
BUSINESS FIRST The first German-Zambian Business Forum was held in Lusaka, Zambia, earlier this year to strengthen economic ties between Germany and Zambia

Reopening of mines to stabilise employment, improve tax revenues

By: Simone Liedtke     15th September 2017 Zambia Chamber of Mines, and its initiative Mining for Zambia (MFZ), is enthusiastic about the reopening of mining operations in Zambia, which it says will not only result in increased copper production but also translate into stabilised employment levels in the country and improved tax revenues... 

Reopening of mines to stabilise employment, improve tax revenues
CONTRIBUTION TO DEVELOPMENT The mining sector contributes to Zambia’s socioeconomic development through the creation of jobs and new business opportunities

Kalumbila facility will service global mining industry

     15th September 2017 By the first quarter of 2018,  a building site in Kalumbila, in North-Western province, in  Zambia, will be transformed into a $40-million manufacturing facility that will produce high-quality mill-balls for mines in Zambia, neighbouring countries and the world market, says Zambia Chamber of... 

Kalumbila facility will service global mining industry
TANGIBLE EXCITEMENT There’s a tangible feeling of excitement in the air at Kalumbila with the coming of the ME Elecmetal plant

Hydrogen detection solutions to increase safety at Zambian mines

By: Simone Liedtke     15th September 2017 Tshwane-based industrial solutions provider RTS Africa Engineering (RTS) believes that Zambia offers a “strong and vibrant mining economy” and is currently in the process of entering the Zambian mining market to provide increased safety at mines through its hydrogen detection solutions. 

Hydrogen detection  solutions to increase safety at Zambian mines
HIGHLY VERSATILE The H2Scan Hy-Alerta 500 instrument is a “highly versatile” hand-held detection device

New bulk materials solution supplied to Kansanshi

By: Simone Liedtke     15th September 2017 Bulk materials handling solutions provider Martin Engineering introduced the company’s newest primary cleaner offering, the CleanScrape, to Zambia, following its launch at Electra Mining, which was held at the Nasrec Expo Centre, in Johannesburg, last year. The primary cleaner has been supplied... 

New bulk materials solution supplied to Kansanshi
CLEANSCRAPE The primary cleaner has been supplied to mining company First Quantum Minerals’ Kansanshi mine

Peristaltic pumps operating at Zambian mines

By: Simone Liedtke     15th September 2017 Randburg-based industrial equipment supplier Verder Pumps’ Verderflex (VF) 125 peristaltic pump is in operation at mining company Kansanshi Mining’s Zambia-based Kansanshi copper mine and is undergoing testing at two other Zambian mines, as well as mines in the Democratic Republic of Congo.... 

Peristaltic pumps operating at Zambian mines
VERDERFLEX 125 The peristaltic pump is in operation at the Kansanshi copper mine

Second Copper Cobalt Africa Conference to be held next year

     15th September 2017 Educational institution Southern African Institute of Mining and Metallurgy (SAIMM) will host the second Copper Cobalt Africa Conference at the Avani Victoria Falls Resort, in Livingstone, Zambia, in July next year. 

Second Copper Cobalt Africa Conference to  be held next year
Photo by Bloomberg
INDUSTRY REVIVAL The African Copperbelt is again experiencing a resurgence of activity following the commodity downturn of recent years

Solutions provider helping Zambia tackle mining challenges

By: Simone Liedtke     15th September 2017 The mining and mineral processing sectors present some of the most challenging production environments, as the large-scale operations are often located in harsh, remote areas, explains technical solutions provider BMG.  

Solutions provider  helping Zambia tackle mining challenges
LONG-TERM SUSTAINABILITY To ensure the long-term sustainability of a mine, it is essential to always keep operating costs down

Specialist helps Zambian mines save on maintenance costs

     15th September 2017 More and more mines in Zambia are seeing the benefits and the profitable returns of investing in condition monitoring, with a direct positive impact on productivity and machine availability, and reduced maintenance costs, enthuses condition-monitoring specialist WearCheck. 

Specialist helps Zambian mines save  on maintenance costs
NEIL ROBINSON Customers are able to see for themselves the savings on the bottom line that are attributable to condition monitoring

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