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Lead News

South Africa discount no longer warranted, say analysts

By: Martin Creamer     15th March 2018 The so-called 'South Africa discount' that has dogged and diminished the share prices of mining companies operating in South Africa for decades, has been declared "unwarranted" by Goldman Sachs Europe Metals & Mining Equity Research analysts, against the backdrop of the winds of political change... 

Paradigm shift required to position mining industry for long-term success

By: Henry Lazenby     15th March 2018 The long-term mindset of the mining industry will have to change to position itself for long-term success, set against an ever-changing landscape, says BHP Billiton's head for Minerals America, Daniel Malchuck. He told an audience during the keynote session of the recent Prospectors and... 

Paradigm shift required to position mining industry for long-term success
Photo by BHP Billiton
Escondida, Chile

China's enviro policies, EV growth two megatrends to boost most commodities

By: Henry Lazenby     13th March 2018 Chinese actions in recent years to embrace temporary production cuts and enforce stricter environmental regulations are probably here to stay for the long term and have already disrupted a range of commodities, including coal, aluminium, lithium and cobalt production chains. Commodity research... 

China's enviro policies, EV growth two megatrends to boost most commodities
Photo by Bloomberg
Cobalt metal nuggets

World's biggest mining show draws huge crowd, signalling mining investment optimism

By: Henry Lazenby     7th March 2018 The Prospectors & Developers Association of Canada's (PDAC's) 2018 convention, in Toronto, drew an international crowd of 25 606 people, in what is widely considered as a clear sign that optimism is returning to the mineral exploration and mining industry following several years of turmoil.... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

Pending toll milling, Bunker Hill ready to roll in as little as 60 days

By: Henry Lazenby     7th March 2018 The 'crown jewel' of the Coeur D'Alene zinc, lead and silver mining district, in northern Idaho, could be in initial production in as little as 60 days pending finalisation of a toll milling agreement, after the US Environmental Protection Agency (EPA) signed an agreement releasing owner Bunker... 

Pending toll milling, Bunker Hill ready to roll in as little as 60 days
Photo by US Environmental Protection Agency
A file photo of the Bunker Hill smelter operating in winter snow during the 1970s.

Multimillion-rand processing plant reinvigorates the old Zincor Refinery

By: Nadine James     7th March 2018 Vele Private Equity (VPE), a wholly owned subsidiary of Vele Investments, on Wednesday officially launched a multimillion-rand zinc processing plant aimed at processing one of four remaining tailing dumps at the old Zincor Refinery, in Springs, east of Johannesburg. The launch was attended by... 

Multimillion-rand processing plant reinvigorates the old Zincor Refinery
Photo by Nadine James
EBM raised R140-million from international investors for the construction of the plant. VPE will be contributing R20-million to cover the remaining plant cost.

Tanga starts drilling for zinc in Namibia

By: Anine Kilian     7th March 2018 ASX-listed Tanga Resources, which is exploring for gold in Tanzania, has now also started a search for zinc in Namibia, with the company announcing the start of drilling at its recently acquired Joumbira project. A diamond drilling programme is planned for four holes, totalling about 600 m,... 

Mining-specific staff recruitment, management app developed 

By: Mia Breytenbach     6th March 2018 To refine and improve the execution of recruitment within the mining industry, mining and engineering professionals recruiter TrueVine Consulting has developed a new, innovative online recruitment platform, called Digger. “Digger is a digital recruitment, talent management and staff retention... 

Mining-specific staff recruitment,  management app developed
Innovative mining-specific staff recruitment, management app developed. Editing: Darlene Creamer and Christo Greyling.

Global metals exploration likely to rise 20% in 2018 – S&P Global

By: Henry Lazenby     5th March 2018 Global mining exploration budgets are expected to swell about 20% in 2018, bolstered by the generally positive trend in metals prices extending into early 2018, a new report by S&P Global Market Intelligence has found. Global spending on the search for nonferrous metals rose 15% year-on-year in... 

Global metals exploration likely to rise 20% in 2018 – S&P Global

Azure exploration returns strong zinc, lead anomolies

By: Megan van Wyngaardt     2nd March 2018 ASX-listed Azure Minerals' regional exploration programme over the western half of the Oposura project area, near Hermosillo, Mexico, has identified areas of strong zinc and lead anomalism and high-grade gold, silver and base metals mineralisation on the Mina Blanca Ranch prospect. The company is... 

Azure exploration returns strong zinc, lead anomolies

Jubilee, BMR extend agreement deadline for Zambia project

By: Megan van Wyngaardt     1st March 2018 Dual-listed Jubilee Metals Group and Aim-listed BMR Group have agreed, under their joint venture (JV) agreement for the Kabwe lead/zinc/vanadium project, in Zambia, to extend the date for the fulfilment of all conditions precedent from February 28 to March 31. The extension will allow for the... 

Resounding welcome for Gwede, who declines opportunity to comment

By: Martin Creamer     27th February 2018 New South African Mineral Resources Minister Gwede Mantashe has received a resounding welcome from the Chamber of Mines of South Africa, Business Leadership South Africa (BLSA) and mining luminaries. The Chamber of Mines of South Africa has welcomed the appointment of Mantashe, 62, describing him... 

Resounding welcome for Gwede, who declines opportunity to comment
Photo by Duane Daws
Incoming Mineral Resources Minister Gwede Mantashe

Finland takes top spot for mining-friendly investment 

By: Henry Lazenby     23rd February 2018 Finland has ousted Saskatchewan as the top international jurisdiction for mining investment, Canada's Fraser Institute announced on Thursday. Canada's leading independent think-tank, the Fraser Institute, administers its Annual Survey of Mining Companies and ranks jurisdictions around the world... 

Finland takes top spot for mining-friendly investment

Global lead market surplus widens in December – ILZSG

By: Reuters     20th February 2018 The global lead market showed a surplus of 20 000 t in December, after a surplus of 9 900 t in November, data from the Lisbon-based International Lead and Zinc Study Group (ILZSG) showed on Tuesday. For January to December, the lead market had an output deficit of 165 000 t, compared with a... 

Leon expects mining industry to have a future under Ramaphosa’s Presidency

By: Nadine James     16th February 2018 Herbert Smith Freehills partner and Africa co-chairperson Peter Leon is cautiously optimistic that the changes signalled by newly elected President Cyril Ramaphosa will benefit South Africa’s economic recovery. In a speech to the British Chamber of Business in South Africa on Thursday evening, he... 

Leon expects mining industry to have a future under Ramaphosa’s Presidency
Photo by Duane Daws
Herbert Smith Freehills partner and Africa co-chairperson Peter Leon

Sound policy, low risk key to attracting mining investment

By: Henry Lazenby     16th February 2018 The global equity markets have been extremely volatile in recent weeks, extending a frantic selloff in US stocks that culminated in the steepest plunge for the Dow Jones Industrial Average in six-and-a-half years. While commodities were not spared from the rout, American multinational investment... 

Sound policy, low risk key to attracting mining investment

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

By: Henry Lazenby     9th February 2018 Ottawa on Thursday tabled new legislation to improve the federal environmental assessment process for mining projects. The legislation is aimed at strengthening and restoring the credibility of Canada's environmental laws. 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

Miranda Minerals gets prospecting right for base metals project in Northern Cape

By: Megan van Wyngaardt     8th February 2018 The Department of Mineral Resources has granted Miranda Minerals a prospecting right in respect of the remainder of Rozynenbosch farm No 104, measuring 6 483 ha, in the Northern Cape. The right is effective from February 5, this year, until February 4, 2021, and relates to the... 

Jubilee’s Zambia JV hit with mining right termination notice

By: Natasha Odendaal     8th February 2018 Dual-listed Jubilee Metals Group remains supportive of its joint venture (JV) partner BMR Group after a surprise mining right termination notice was issued for the Kabwe lead/zinc/vanadium project, in Zambia, from the Mining Cadastre Department of Zambia. BMR Group plans to appeal the notice,... 

Jubilee exercises 40% Kabwe option

By: Natasha Odendaal     6th February 2018 AltX- and Aim-listed Jubilee Metals Group intends to exercise its option to earn a 40% interest in BMR Group’s Kabwe lead/zinc project, in Zambia, after a comprehensive technical, financial and legal due diligence. This increases Jubilee’s effective interest in the Kabwe project to 57.41%,... 

Weatherly buys additional 65% of Berg Aukas project

By: Simone Liedtke     5th February 2018 Aim-listed Weatherly International has entered into a binding agreement to increase its ownership of private Namibian company China Africa Resources Namibia (CARN) from 25% to 90%. CARN, which owns 100% of the high-grade Berg Aukas underground zinc/lead/vanadium project near Grootfontein, in... 

Centerra approves further funding for European JV partner on 2017 success; gets more credit

By: Henry Lazenby     2nd February 2018 Canadian miner Centerra Gold has approved expenditures of $1.85-million for this year to fund exploration campaigns in Sweden by its joint venture partner (JV) Erris Resources, following encouraging 2017 results. Results of the drill programmes undertaken in the second half of 2017 at the Klippen... 

Zinc, lead outlook bright but analysts expect peak pricing as soon as this year

By: Henry Lazenby     27th January 2018 High commodity prices in 2018 are expected to sustain robust margins for zinc and lead miners this year, as supplies of both metals remain constrained. According to market research and consultancy firm CRU International, following on from record zinc deficits in 2017 in the range of 650 000 t of... 

Zinc, lead outlook bright but analysts expect peak pricing as soon as this year
Photo by Glencore
Glencore zinc ingots

Goldman, Citi final bidders for Scotiabank's metals business – sources

By: Reuters     24th January 2018 The field of prospective bidders for ScotiaMocatta, the metals trading arm of Canada's Bank of Nova Scotia, has narrowed to two, three banking and industry sources said on Wednesday. The two - Goldman Sachs Group and Citi - are undertaking due diligence checks, the sources said. 

Materials Price Index rises for tenth week in a row

By: Henry Lazenby     19th January 2018 The Materials Price Index (MPI) from Global Insight by IHS Markit has risen for the tenth consecutive week, the research and consultancy group announced on Thursday. The index added a strong 1.8%, adding to a 15.1% rise since early October, when the current rally started. 

Australian junior to acquire Namibia zinc project

By: Mia Breytenbach     19th January 2018 ASX-listed Tanga Resources will acquire the high-grade Joumbira zinc project, in Namibia, and raise A$1.16-million to fund the transaction and start planned work programmes. The company entered into a binding option agreement to acquire 100% of the issued shares of Namibia-registered Coldstone... 

Australian junior to acquire Namibia zinc project
Photo by Bloomberg
GOOD TIMING Tanga Resources believes that Joumbira is a highly prospective, advanced project, in a world-class mining jurisdiction, with good timing for shareholder exposure to zinc

New ‘disruptive’ mine borer heads for Indaba unveiling

By: Martin Creamer     18th January 2018 A new Proudly South African mine tunnel borer that requires no blasting, delivers higher production advances, comes with a collaboration imprimatur and can be retrofitted to existing operations, will be unveiled at next month’s Mining Indaba in Cape Town and commissioned in the third quarter of... 

New ‘disruptive’ mine borer heads for Indaba unveiling
Photo by Duane Daws
Danie Pretorius

BHP second-quarter iron-ore output up 3%, maintains forecast

By: Reuters     18th January 2018 Global miner BHP on Thursday reported a 3% rise in second-quarter iron-ore production year over year and said it expects to meet its full-year target as prices for the steelmaking ingredient outperform forecasts. BHP's iron-ore output climbed to 72-million tonnes for the three months ended... 

BHP second-quarter iron-ore output up 3%, maintains forecast

DRA expands Asia-Pacific footprint

By: Martin Creamer     17th January 2018 Global engineering, project delivery, contract operations specialist and asset management group DRA’s acquisition of Perth-based Minnovo expands its Australian footprint and adds depth to its metallurgical, engineering, procurement, project management, construction and commissioning capabilities... 

DRA expands Asia-Pacific footprint
Photo by Duane Daws
DRA CEO Wray Carvelas

South32 boasts record manganese, aluminium production in December quarter

By: Megan van Wyngaardt     17th January 2018 Triple-listed diversified miner South32 on Wednesday reported that, while it had achieved its guidance for all its operations during the three months to December 31, its South African manganese operations, in particular, exceeded expectations, owing to strong market demand. Saleable ore... 

South32 boasts record manganese, aluminium production in December quarter
Photo by Bloomberg
South32 CEO Graham Kerr

As stockpiles fall, which metals are really in tight supply?

By: Reuters     16th January 2018 Stocks of industrial metals in London Metal Exchange (LME) warehouses fell more than 40 percent last year and further declines are expected in 2018, which should in theory signal tighter supplies and fuel a blistering price rally. But rising inventories of metals at smaller rival exchanges... 

Glencore reserves should be valued higher – analysts

By: Martin Creamer     15th January 2018 Investors should be prepared to value the reserves of metal that Glencore owns more highly to reward the proactive approach that the London- and Johannesburg-listed diversified mining company has towards managing its assets. Reflecting on the decision of Glencore to pull metal from the market... 

Glencore reserves should be valued higher – analysts
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

CAML's copper output at top-end of guidance

By: Mariaan Webb     15th January 2018 The Kounrad copper operation, in Kazakhstan, has delivered at the top-end of its guidance and production from the Sasa zinc/lead mine, in Macedonia, was also in line with expectations, Aim-listed Central Asia Metals (CAML) reported on Monday. The Kounrad dump leach, solvent extraction and... 

Smarter mining, manufacture, agriculture needed, says IDC’s Maia 

By: Martin Creamer     12th January 2018 South Africa needs to aim towards smarter mining, smarter agriculture and smarter manufacturing. “It’s about taking all the major sectors of the economy forward, with each feeding on the other,” says Industrial Development Corporation (IDC) research and information head Jorge Maia of the roles... 

Smarter mining, manufacture, agriculture needed, says IDC’s Maia
Industrial Development Corporation research and information head Jorge Maia and Unctad economic affairs officer Stefan Csordas respond to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Strong commodity price rally lifts IHS Materials Price Index for ninth consecutive week

By: Henry Lazenby     12th January 2018 The IHS Materials Price Index (MPI) is in its ninth consecutive week of gains, jumping 2.8% last week – the strongest weekly performance since early September. According to IHS Markit economist Cole Hassay, the MPI was supported by broad-based positive indicators, with eight of ten subcomponents... 

Ascendant on the rise as team delivers on 2017 mine turnaround strategy

By: Henry Lazenby     11th January 2018 Investors welcomed a report by TSX-listed base metals producer Ascendant Resources on Thursday that it has beaten its maiden 2017 production guidance after successfully executing a turnaround strategy for its underperforming flagship asset. The news pushed the miner’s TSX-listed stock more than... 

Ascendant on the rise as team delivers on 2017 mine turnaround strategy
Photo by Ascendant Resources
Ascendant Resources' El Mochito mine, Honduras

Trek acquires Gabon project from Battery Minerals

By: Natasha Odendaal     11th January 2018 ASX-listed Trek Metals has acquired 100% of the Kroussou zinc/lead project, in Gabon, from fellow-listed Battery Minerals for $400 000 in cash and securities. A deferred consideration of options an shares totalling $2.5-million, which had been agreed in a binding term-sheet, will be subject to a... 

Osisko Metals continues aggressive BMC acquisitions course

By: Henry Lazenby     10th January 2018 Base metals explorer Osisko Metals has inked a definitive accord with the Canadian Continental Exploration Corporation (CCEC) to acquire 27 mineral claims in the Bathurst Mining Camp (BMC), the company announced on Tuesday. The individual mineral claims comprise 4 to 48 claim units totalling 320... 

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