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IRON-ORE
Cliffs sees no flood of iron-ore in Great Lakes
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Cliffs Natural Resources does not expect a flood of new supply in the Great Lakes iron-ore pellet market over the next few years, the company's CE said on Wednesday, playing down concerns expressed by some analysts.
Credit Suisse and Morgan...
By: Reuters
19th June 2013
PEOPLE
MAC appoints first female chairperson
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The Mining Association of Canada (MAC) on Wednesday appointed its first female chairperson in its 78-year history, by electing Iron Ore Company of Canada’s president and CEO Zoë Yujnovich to serve a two-year term.
Effective immediately,...
By: Henry Lazenby
19th June 2013
POTASH
Pacific Potash inks provisional offtake deal with CapitalAsia
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CapitalAsia Investment Holdings Group on Wednesday signed a nonbinding memorandum of understanding to buy potash from project developer Pacific Potash Corp, if its flagship project in the Brazilian state of Amazonas gets built.
Under terms of the...
By: Henry Lazenby
19th June 2013
PROJECT MANAGEMENT
Surviving the bear market - a practical guide
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Few in the Canadian mining sector have had much to celebrate so far this year; the bear market lumbers on, while liquidity remains in the doldrums.
Compounding matters is the uncertainty surrounding metal prices, which has “turned investors...
By: Simon Rees
19th June 2013
MILL EXPANSION
Fortuna Silver buys high-grade Mexican silver/gold concession
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NYSE- and TSX-listed Fortuna Silver Mines on Tuesday said it had paid the final $6-million to buy the remaining 45% interest in the Taviche Oeste concession, in Mexico, which contains the high-grade silver/gold Trinidad North discovery.
The...
By: Henry Lazenby
19th June 2013
NICKEL
Nickel price to weaken further as pig iron sector cuts costs
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China's nickel pig iron producers are turning in droves to a new technology that allows them to survive at lower prices, a move that suggests nickel prices, already mired at four-year lows, could fall further.
As nickel prices near $14 000/t,...
By: Reuters
19th June 2013
MANGANESE
Assmang completes DFS for Malaysia manganese smelting facility
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Diversified miner African Rainbow Minerals (ARM) on Wednesday reported that mining group Assmang, which it jointly controlled with Assore, had completed a definitive feasibility study to establish the financial viability of a manganese alloy...
19th June 2013
PLATINUM
PhokaThaba agrees to R3.5m settlement with JIC
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JSE- and Aim-listed Jubilee Platinum on Wednesday said the liquidation application by Westdawn Investments, trading as JIC Mining Services, against Platinum Australia (PLA) subsidiary PhokaThaba had been set aside, with PhokaThaba agreeing to pay...
19th June 2013
GOLD
Centamin says appeal hearing adjourned until Sept
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Gold producer Centamin, involved in a legal dispute to defend its right to mine in Egypt, said that its appeal process hearing was pushed back to the end of September. The company launched an appeal last year against a court ruling questioning its...
By: Reuters
19th June 2013
ELECTRICITY
Zambia plans to double power output to supply mines
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Zambia, Africa's top copper producer, plans to double its electricity generation capacity to 2 800 MW in five to six years to ensure adequate supply of power to the mines, an industry official said on Wednesday. Christopher Mubemba, the director...
By: Reuters
19th June 2013
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