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Metallum to benefit from Chilean price assist

By: Esmarie Swanepoel     Updated 1 hour 7 minutes ago Junior copper miner Metallum said on Friday that the company would benefit from new measures introduced by the Chilean government to support small miners. The Chilean government has announced that it would provide price support to small miners delivering ore to the Enami processing facilities,... 

Chile-based miner reports results down but still solid

By: Keith Campbell Major copper miner Antofagasta, listed on the London Stock Exchange and based in Chile, has revealed preliminary results for last year that are down on the results for 2013, but which the company regards as respectable, given the decline in market conditions. The 2014 preliminary results... 

Construction starts on Palabora Copper’s R9.3bn Lift II project

By: Ilan Solomons The development of refined copper producer Palabora Mining Company’s subsidiary, Palabora Copper’s R9.3-billion Lift II project, in Limpopo, is under way and ramp up to full project execution is gradually taking place, Palabora Copper corporate affairs manager Hulisani Nemaxwi tells Mining... 

Construction starts on Palabora Copper’s R9.3bn Lift II project
COST CONSCIOUS Remaining cost effective amid low copper prices is crucial for Palabora Copper

Zambia housing project nears completion

By: Dylan Slater The R28-million mine housing project at Zambia-based copper mine Mopani Copper Mines is currently 85% complete, reports Roodepoort-based prefabricated buildings company African Modular Building Solutions (AMBS). 

Zambia housing project nears completion
Photo by Duane Daws
IN-HOUSE MANUFACTURING To enhance the quality of its products, AMBS manufactures several key components in-house

Mines begin to reopen in Chile after heavy rains

By: Reuters Chile's Codelco, the world's No 1 copper producer, said on Thursday it is gradually reopening mines in the north of the country that were closed on Wednesday due to heavy rains, but that its Salvador mine remained shuttered. Conditions at Salvador did not yet permit safe operation, and 17... 

Mines begin to reopen in Chile after heavy rains

Zambia's President signals aim to change mining royalties

By: Reuters Zambian President Edgar Lungu on Wednesday directed the finance and mining ministers to change royalties on mining firms by April 8, saying the copper-producer could consider temporarily reverting to the tax regime in 2014. The decision to increase royalties in January for open pit mines to 20%... 

Miners suspend operations in Chile as heavy rains flood roads

By: Reuters Torrential downpours in the north of Chile, the world's biggest copper producer, have forced companies to suspend operations at several of the area's major mines, putting an estimated 1.5-million tonnes of capacity of the red metal on hold. The country, which produces a third of the world's... 

Miners suspend operations in Chile as heavy rains flood roads

Seabridge Gold reports maiden resource for KSM’s Iron Cap Lower Zone

By: Henry Lazenby British Columbia-focused explorer Seabridge Gold has completed the first resource estimate for the Iron Cap Lower Zone at its 100%-owned KSM project, in north-western British Columbia. The Iron Cap Lower Zone was, after Deep Kerr, the second core zone identified at the massive project, which was... 

Engineering firm completes umbilical winches for Nautilus Minerals' deep-sea fleet

By: Henry Lazenby Canadian marine mining project developer Nautilus Minerals on Tuesday said a British engineering firm had successfully completed factory acceptance testing of the umbilical winches for three seafloor production tools (SPTs). UK-based Soil Machine Dynamics designed and built the umbilical winches,... 

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee

By: Martin Creamer South Africa should seize the current timely opportunity to amend its mining taxation in a manner that encourages foreign investment, stimulates prospecting, gets mining companies to start dealing with marginal mines and gives enough back to the fiscus for the benefit of this country's people,... 

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee
Muhammad Saloojee

Seabridge Gold lifts KSM’s Deep Kerr deposit resources by 52%

By: Henry Lazenby Project developer Seabridge Gold has expanded by 52% the resources for the Deep Kerr deposit, which forms part of the massive KSM project, in north-western British Columbia. The TSX- and NYSE-listed explorer pointed out that an updated independent mineral resource estimate for Deep Kerr now... 

Noront Resources consolidates position in Ontario’s Ring of Fire for a bargain 

By: Henry Lazenby Northern Ontario’s emerging minerals-rich Ring of Fire (RoF) mining camp has a new champion after US-focused iron-ore producer Cliffs Natural Resources agreed to bow out of the prospective region by selling its claims to explorer Noront Resources for $20-million. Noront, which was currently in... 

Noront Resources consolidates position in Ontario’s Ring of Fire for a bargain

Zijin Mining acquires 9.9% stake in Ivanhoe Mines

By: Megan van Wyngaardt TSX-listed miner Ivanhoe Mines has entered into a $82-million deal with Chinese Zijin Mining Group to boost the miner’s working capital and available funds for general corporate purposes, including the advancement of the company’s projects in Africa. Under the terms of the deal, the Chinese... 

Zijin Mining acquires 9.9% stake in Ivanhoe Mines
Photo by Duane Daws
Robert Friedland

Plagued Bisha copper mine on track for operational restart

By: Natalie Greve The effects of an act of vandalism and mechanical issues at Toronto-listed Nevsun’s Bisha mine, in Eritrea, have largely been resolved and the operation remains on track for restart later this week, the base metals miner said at the weekend. Nevsun outlined that the copper operation experienced... 

Despite strong growth outlook, exploration underinvestment might dent Silver Wheaton portfolio growth prospects

By: Henry Lazenby Despite its strong growth outlook, a critical shortage and chronic underinvestment in new base metals and other exploration projects in the medium term, could dent the world’s largest precious metals streaming firm Silver Wheaton’s ability to strike new streaming deals in the future. The silver-... 

Despite strong growth outlook, exploration underinvestment might dent Silver Wheaton portfolio growth prospects
Photo by Bloomberg
Silver Wheaton president and CEO Randy Smallwood.

Aditya Birla lowers full-year production target

By: Creamer Media Reporter Copper miner Aditya Birla has again lowered its production guidance for the year to March 31, owing to difficulties experienced at its Nifty operation, in Western Australia. Aditya Birla reported on Friday that its full-year production would be in the range of 12 700 t to 13 500 t of copper in... 

Chilean miner announces good and bad news

By: Keith Campbell London Stock Exchange-listed Chilean-based copper miner Antofagasta, a FTSE 100 company, last week announced that it had resolved a dispute with local communities at its Minera Los Pelambres subsidiary regarding local water supplies, an issue brought on by a continuing drought. Protestors had... 

Glencore opts for squeaky clean

By: Martin Creamer Mining and marketing giant Glencore on Thursday took the unprecedented step of signing a major human rights commitment with a top human rights body, in a bid to keep its activities beyond reproach and squeaky clean. In its latest step of many recent steps to keep the company firmly on mining's... 

Glencore opts for squeaky clean
Photo by Duane Daws
Ivan Glasenberg

Caserones mine in Chile fined for environmental failures

By: Reuters Chile has fined the Caserones copper mine in northern Chile $11.9-million for breaching environmental rules, its environmental regulator said on Wednesday. The fine was for a number of infractions, including failure to implement mitigation measures to prevent the contamination of underground... 

Weatherly share suspension stands amid ‘uncertain’ financial position

By: Natalie Greve Following underwhelming copper recovery at its Tschudi mine, in Namibia, and production shortcomings at its nearby Central Operations, copper producer Weatherly says the trading of its Aim-listed shares remains suspended amid an “uncertain” financial position and the outcome of ongoing talks with... 

Zinc metal deficit expected to intensify – Glencore

By: Martin Creamer The zinc metal market’s 2014 deficit is expected to intensify this year, Glencore says in its latest annual report. The 200-page document, in which CEO Ivan Glasenberg notes slower than expected post-financial-crisis normalisation, positions the company as one able to react quickly and benefit... 

Zinc metal deficit expected to intensify – Glencore
Photo by Duane Daws
Ivan Glasenberg

Key roaster at Codelco's Ministro Hales mine not fully operational

By: Reuters World No 1 copper producer Codelco said on Tuesday that the key roaster at its newest mine, Ministro Hales, was still not fully operational following a delayed start-up. "It's still in the start-up phase. When it's running at capacity we will inform (the market)," the Chilean state-owned company... 

Future lies in governments creating exciting legislative empowerment – Motsepe 

By: Martin Creamer Southern Africa’s economic future lies in the creation by governments of exciting legislative, regulatory and fiscal empowerment that stimulates private sector investment. That is the view of Patrice Motsepe, executive chairperson of South Africa’s black-controlled African Rainbow Minerals (ARM)... 

Future lies in governments creating exciting legislative empowerment – Motsepe
Photo by Duane Daws
Patrice Motsepe

Poland's KGHM fourth-quarter net profit down 18%

By: Reuters Europe's second-largest copper producer KGHM on Monday reported an 18% drop in fourth-quarter net profit to 666-million zlotys ($171-million) due to lower metal prices. Analysts polled by Reuters had expected fourth-quarter net of 667-million zlotys. 

ARM’s Motsepe urges serious govt intervention on Eskom let down

By: Martin Creamer Patrice Motsepe, chairperson of the black-controlled diversified mining company African Rainbow Minerals, on Monday urged the government to intervene seriously to establish Eskom as a competitive, cost-effective, reliable provider of electricity. Speaking at ARM’s presentation of interim results,... 

ARM’s Motsepe urges serious govt intervention on Eskom let down
Photo by Duane Daws
Patrice Motsepe

Chilean court orders 2nd copper warehouse to suspend operations

By: Reuters A Chilean court has ordered port operator Antofagasta Terminal Internacional to temporarily suspend operations at a second copper stockpiling warehouse after high levels of heavy metals were found nearby, a move that could impact copper exports from the world's No 1 producer. The environmental... 

Across-board ARM review as earnings plunge 56%

By: Martin Creamer Black-controlled diversified mining company African Rainbow Minerals (ARM), which saw its half-year headline earnings plummet by 56%, is responding with an across-the-board review of its performance and expenditure. The JSE-listed company, headed by executive chairperson Patrice Motsepe, on... 

Across-board ARM review as earnings plunge 56%
Photo by Duane Daws
Patrice Motsepe

Chile environmental regulator suspends operations at copper warehouse

By: Reuters A Chilean court has asked port operator Antofagasta Terminal Internacional to suspend operations at one of its copper stockpiling warehouses for 30 days because of health risks from nearby particles, the environmental regulator said on Friday. Suspension of operations at the warehouse is not... 

HudBay Minerals closes $300m revolving facility

By: Henry Lazenby Base metals producer HudBay Minerals has closed a $300-million corporate revolving credit facility. The Toronto-headquartered miner last month reported that it had received commitments from a syndicate of Canadian banks, including its current lenders, to increase the size of its corporate... 

Bisha mine processing plant shut down for repairs

By: Sashnee Moodley The processing plant at TSX-listed Nevsun Resources’ Bisha mine, in Eritrea, would be shut down for about two weeks to resolve a mechanical setback with the ball mill.  The company said in a statement on Friday that the temporary shutdown would not negatively impact its 2015 full-year production... 

Oz sells Sandfire shares

By: Esmarie Swanepoel ASX-listed Oz Minerals on Friday confirmed that it had sold its 19.1% shareholding in fellow-listed Sandfire Resources for A$125-million. Both companies went into a trading halt earlier in the day, with Oz flagging the sale of one of its ‘equity holdings’, without giving further details. 

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