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Copper News

Master Drilling posts resilient interim results, continues technological innovation focus

By: Mia Breytenbach     12th September 2017 Two additional machines and the impact of favourable foreign-exchange movements have contributed to a 12.5% increase in JSE-listed drilling services provider Master Drilling’s revenue to $60.5-million for the six months ended June 30. The group added two raise-bore machines during the period... 

Ivanhoe confident of expanding Kamoa-Kakula into a top three global copper deposit

By: Natasha Odendaal     11th September 2017 TSX-listed Ivanhoe Mines is confident that the Kamoa-Kakula deposit, ranked the fifth-largest copper deposit in the world, will take one of the top three rankings on the back of the “unprecedented rate of growth” of the high-grade copper resources in the Democratic Republic of Congo (DRC).... 

Demand for quality metals amplifying – ARM 

By: Martin Creamer     11th September 2017 Global climate change mitigation is amplifying the demand for good quality, low-impurity metals, which are being rewarded with high price premiums. There is a huge drive in China towards better quality, which will eventually use less energy and cause less pollution. (Also watch attached Creamer... 

Demand for quality metals amplifying – ARM
African Rainbow Minerals CEO Mike Schmidt discusses of price premiums being paid for quality with Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer

Ortac strengthens strategic focus on high potential African exploration

By: Natasha Odendaal     11th September 2017 Aim-listed Ortac Resources has set its focus exclusively on its high-potential African exploration mining assets after a board revamp set a strategy review in motion. The exploration and mine development company aims to fast-track its core gold and copper assets in the Democratic Republic of... 

Johannesburg listing on the cards for Australia’s Orion

By: Natasha Odendaal     11th September 2017 Australian minerals exploration company Orion Minerals expects to start trading on the main board of the Johannesburg bourse on September 18, as it progresses its base metals development strategy in South Africa. Orion, which has received approval from the JSE for a secondary listing under the... 

Johannesburg listing on the cards for Australia’s Orion

KAZ appoints CFO to take over from Southam

By: Creamer Media Reporter      11th September 2017 Copper miner KAZ Minerals has appointed Intertek FD John Hadfield as its new CFO, effective January 1. Before joining the UK arm of Intertek, Hadfield spent over 14 years at BG Group and Royal Dutch Shell. 

Hudbay launches C$278.76m financing

By: Henry Lazenby     9th September 2017 Base metals miner Hudbay Minerals has signed an agreement with a syndicate of underwriters to raise up to C$278.76-million on a bought deal basis. The Toronto-based miner has agreed to issue 24-million shares at C$10.10 each, to raise C$243.4-million. 

Anglesey planning for production at Wales mine in 2020

By: Mariaan Webb     8th September 2017 The recent increase in the prices of the metals that the Parys Mountain mine will produce has spurred on Anglesey Mining to move into action to bring the project into production “as soon as practicable”. Anglesey on Friday announced four immediate steps to progress the north Wales project,... 

Anglesey planning for production at Wales mine in 2020
Drilling at the Parys Mountain project, in north Wales.

India likely to miss mineral block auction target

By: Ajoy K Das     8th September 2017 India’s Mines Ministry is likely to miss its goal of completing the auction of 71 noncoal mineral blocks across seven provinces in the current financial year, despite a flurry of activity to ease federal rules. The unpreparedness of provinces to conduct auctions is largely blamed for the tardy... 

First Quantum sells another precious metals stream on Cobre Panama

By: Henry Lazenby     8th September 2017 Canadian precious metals streaming firm Franco-Nevada has added another gold/silver stream on First Quantum’s massive $5.5-billion Cobre Panama project, in Panama. First Quantum intends to use the proceeds to partially fund its acquisition of a further 10% interest in Cobre Panama from one of its... 

Benefits of coarse particle flotation tech

     8th September 2017 Coarse particle flotation (CPF) technology can increase mill throughput by as much as 15% to 20% while reducing energy and media consumption, and provides a coarse tailings stream, without a loss in mineral recovery, says Canada-headquartered global flotation technology provider Eriez Flotation.  

Benefits of coarse particle flotation tech
ALMOST PERFECT As little as 1% surface expression is required for nearly complete recovery of coarse particles with the HydroFloat separator

Bolstered by new geological model, Broadway outlines drill plans for third round drilling

By: Henry Lazenby     7th September 2017 With a new geological model and funding raised, TSX-listed Broadway Gold Mining is planning a Phase III drill programme to test multiple high-priority targets, the company announced on Thursday. The copper/gold porphyry targets were discovered at depth at the company’s 100%-owned Madison project,... 

South African mining must be made globally competitive – Motsepe 

By: Martin Creamer     7th September 2017 All South Africans need to work together to ensure that the South African mining industry is a globally competitive investment destination, said African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe on Thursday, when he declared the black-controlled company’s highest-ever dividend.... 

South African mining must be made globally competitive – Motsepe
All South Africans need to work together to ensure that the South African mining industry is a globally competitive investment destination. Video and editing: Darlene Creamer 7.9.2017

Atalaya posts H1 profit as Spanish projects advance

By: Creamer Media Reporter      7th September 2017 Mining development company Atalaya Mining has posted a net profit of €10.92-million for the six months to June 30. The Aim- and TSX-listed company, which declared commercial production at its Proyecto Riotinto mine, in Spain, in February 2016, produced 17 863 t of copper in the six months under... 

African Rainbow Minerals dividend payout soars to record level

By: Martin Creamer     7th September 2017 Diversified mining company African Rainbow Minerals (ARM), which saw its headline earnings soar in the 12 months to June 30, has catapulted its dividend to heady heights. The 189%-higher dividend of 650 cents a share is ARM’s highest dividend to date and the eleventh consecutive yearly dividend... 

African Rainbow Minerals dividend payout soars to record level
Photo by Duane Daws
African Rainbow Minerals executive chairperson Patrice Motsepe.

Ivanhoe plans 'new era of production' for historic DRC mine

By: Natasha Odendaal     6th September 2017 TSX-listed Ivanhoe Mines has entered into discussions to start a “new era of production” at the historic Kipushi zinc-copper-silver-germanium mine, in the Democratic Republic of Congo (DRC), that could deliver one of the highest-grade major zinc mines worldwide. Ivanhoe, which, in conjunction... 

Lundin accelerates exploration at all sites into 2018

By: Samantha Herbst     6th September 2017 TSX-listed base metals miner Lundin Mining’s exploration efforts continue to add significant value to the company’s assets and, in light of improved market conditions, the company plans to accelerate exploration at all mine sites in 2018, as well as advance at least two new copper-focused... 

Centaurus Metals earns 100% interest in Brazil gold tenements

By: Creamer Media Reporter      6th September 2017 ASX-listed Centaurus Metals has exercised its right to acquire a 100% interest in the tenements that make up the 750 km2 Pará exploration package, in Brazil. Centaurus in October 2016 entered into an earn-in agreement with Terrativa Minerais. Under the terms of the agreement, Centaurus was... 

Georgian Mining satisfies $6m obligation early

By: Creamer Media Reporter      6th September 2017 Aim-listed Georgian Mining (GEO) said on Wednesday that it had satisfied its spending obligation of $6-million to earn a 50% interest in the entity holding the mining licence over the Bolnisi copper and gold project. GEO and Caucasian Mining Group (CMG) are shareholders in Georgian Copper & Gold... 

Excelsior receives operating permit for Gunnison copper project

By: Samantha Herbst     6th September 2017 The Arizona Department of Environmental Quality (ADEQ) has awarded triple-listed mineral exploration and development company Excelsior Mining an aquifer protection permit (APP) for its Gunnison copper project, in Cochise County, south-eastern Arizona. "Completing this permitting milestone, within... 

Teck falls most among miners on $1bn China share sale

By: Bloomberg     6th September 2017 Teck Resources dropped the most among large mining stocks after China Investment Corp unloaded nearly half its stake in Canada’s largest diversified miner. The Vancouver-based company dropped 6.7% to C$29.47 at the close in Toronto, making it the worst performer in the Bloomberg World Mining... 

Teck falls most among miners on $1bn China share sale
Teck Resources president and CEO Don Lindsay

Orion seeks secondary listing on JSE

By: Creamer Media Reporter      5th September 2017 ASX-listed Orion Minerals is seeking a secondary listing on the main board of the JSE. It has applied for approval for the secondary listing under the bourse’s fast-track listing process. 

World's richest mines slipping from hands of multinationals

By: Bloomberg     5th September 2017 Outnumbered and outflanked, Freeport-McMoRan CEO Richard Adkerson made an about-face. Only months before, Adkerson had dismissed the idea of selling a majority stake in the Phoenix-based company’s flagship Indonesian copper-and-gold mine to local investors. But, seated beside government officials... 

World's richest mines slipping from hands of multinationals

Zambian copper production to grow by 7% this year, despite power challenges

By: Anine Kilian     4th September 2017 The Zambian government’s support for the mining industry and strong copper prices are expected to drive growth in the country’s copper production for this year, despite ongoing power shortages. BMI Research on Monday pointed out that, according to data published by the Zambian central bank,... 

Central Asia Metals says in talks on ‘potential transaction’

By: Mariaan Webb     4th September 2017 The directors of London-based Central Asia Metals (CAML) confirmed on Monday that they were in “advanced talks” with a third party on a “potential transaction”. CAML, which has requested a suspension in the trading of its shares on the Aim, reported that the intended transaction would be... 

Iron-ore snafu seen as cautionary tale in mining-friendly Chile

By: Bloomberg     1st September 2017 Chilean authorities’ handling of an iron-ore project has stoked a political storm that cost the jobs of two ministers. The industry hopes it will help keep politics out of projects in the future. In a country boasting strong institutions and clear rules of the game, a government committee’s... 

First Quantum acquires Korean smelter’s stake in Minera Panama

By: Samantha Herbst     1st September 2017 TSX-listed base metals miner First Quantum Minerals has signed an agreement with LS-Nikko Copper to acquire the Korea-based smelter’s 10% ownership interest and shareholder loans in Minera Panama, First Quantum’s Panamanian subsidiary, for a headline value of $635-million, payable in six... 

First Quantum acquires Korean smelter’s stake in Minera Panama
First Quantum's Cobre Panama project, in Panama

Metals X lowers Nifty production guidance for Sept quarter

By: Esmarie Swanepoel     1st September 2017 ASX-listed Metals X has downgraded production expectations for the September quarter at its Nifty copper mine, in Western Australia, following a temporary suspension of operations in August. The company on Friday told shareholders that as a result of the temporary suspension of operations, and... 

African market still supplier’s main growth area

By: Nadine James     1st September 2017 Mass accommodation product supplier Ascot Site Solutions affirms that Africa remains its primary market, as it is still its main growth area, with the company particularly focused on the continent’s Copperbelt region, stretching across Zambia and the Democratic Republic of Congo. The South... 

African market  still supplier’s main growth area
DIVERSIFIED CLIENT LIST The continued operation of existing mines, together with the company supplying products to other secturs, ensures that it is better positioned to handle a mining downturn

Despite high upfront costs, technology investments yield long-term savings – BMI

By: Mia Breytenbach     1st September 2017 With metals and mining companies increasingly investing in technology that will help reduce their carbon footprints, owing to the global drive to lower carbon emissions, meaningful efforts to improve environmental standards in the extractive industries require significant upfront costs, according... 

Despite high upfront costs, technology investments yield  long-term savings – BMI
LONG-TERM BENEFIT BMI expexts long-term cost savings to benefit companies that are ahead of the curve when it comes to prioritising green strategies

Caldas Engineering

     1st September 2017 South Africa-based quality spare parts specialist for fixed and mobile crushing plants Caldas Engineering has been serving its customers for 21 years and ensures customer satisfaction while meeting the demands of its industry. With a comprehensive range of replacement wear parts for leading... 

Caldas Engineering

Red Metal Mining

     1st September 2017 Diversified project engineering house Red Metal Mining (RMM) is focused on the specialised design of cast resin dry-type transformers, mini substations and electrical automation systems required by mining and associated industries. “Wherever electricity is generated, distributed, or required, we... 

Red Metal Mining

Show expected to achieve further growth

By: Nica Schreuder     1st September 2017 The number of exhibitors and visitors taking part in the Electra Mining Botswana exhibition and conference, since its inception in 2013, has increased by 17% and 8% respectively, with this years’ event expected to attract further key industry players in the mining, industrial and power generation... 

Show expected to achieve further growth
PROMISING PODIUM Electra Mining Botswana is said to be fast becoming a major mining exhibition and networking platform

Opportune time to invest in Botswana

By: Nica Schreuder     1st September 2017 The subdued global mining industry, owing to depressed commodity prices, has prompted Botswana to find alternative economic growth areas in other sectors of the country’s economy, simultaneously providing a prime investment opportunity, says Botswana Chamber of Mines (CoM) CEO Charles Siwawa.... 

Opportune time to invest in Botswana
Photo by Bloomberg
LIMITED OFFER Diamonds are a finite resource, which has prompted diamond-rich Botswana to diversify its economy

Canadian mining sector market value drops 7% in Q2

By: Samantha Herbst     31st August 2017 Canada’s mining sector saw a slow start to the second quarter of 2017, according to global advisory firm EY’s Canadian Mining Eye index, which reported that the market capitalisation of 100 TSX- and TSX-V-listed midtier and junior companies fell broadly between C$47-million and C$1.6-billion.... 

Oz Minerals says BHP to end power connection agreement

By: Esmarie Swanepoel     31st August 2017 Copper miner Oz Minerals has been forced to investigate alternative power solutions for its Prominent Hill mine, in South Australia, after mining major BHP terminated a connection and access agreement. Under the existing agreement, Oz Minerals’ Prominent Hill mine shares BHP’s power line from... 

Panoramic narrows FY17 losses

By: Esmarie Swanepoel     31st August 2017 Nickel miner Panoramic Resources has narrowed its net loss after tax for the full year ended June from a loss of A$144.3-million reported in 2016, to a net loss of A$4.7-million, despite a tough operational year. Panoramic on Thursday reported an impairment loss reversal of A$9.2-million as part... 

EnviroLeach strikes global Jabil partnership

By: Creamer Media Reporter      30th August 2017 TSX-V-listed Mineworx Technologies announced on Wednesday that EnviroLeach Technologies has entered into a strategic global partnership with NYSE-listed Jabil Inc, to use the company’s patent-pending formula and processes to recover metals from circuit boards and electronic waste (e-waste). The... 

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