http://www.miningweekly.com
R/€ = 15.20 Change: -0.02
R/$ = 13.01 Change: 0.00
Au 1258.16 $/oz Change: -1.01
Pt 924.50 $/oz Change: 0.00
 

Nickel News

Imperial restarts Mount Polley mine following fire evacuations

By: Henry Lazenby     Updated 4 hours ago Base metals company Imperial Metals plans to restart the Mount Polley mine, in British Columbia, before month-end following fire evacuation orders being downgraded for the City of Williams Lake and surrounding areas. The TSX-listed company said it will allow time for evacuated employees to return... 

First Quantum swings to headline Q2 loss despite red metal ramp-up

By: Henry Lazenby     Updated 4 hours ago Canadian miner First Quantum Minerals has reported a comparative loss of $18-million, or $0.03 a share for the three months ended June, despite an 8% year-on-year improvement of copper output. This contrasted the Toronto-based company’s comparative earnings of $38-million, or $0.06 a share, for... 

ANC’s Mining Charter response ‘very constructive’ – Anglo

By: Martin Creamer     27th July 2017 The response of South Africa’s ruling African National Congress (ANC) party at its recent policy conference, that further discussion is required on the controversial Mining Charter Three, to ensure that investment and employment levels are not negatively affected, has been described as “very... 

ANC’s Mining Charter response ‘very constructive’ – Anglo
Mark Cutifani

Glencore’s half-year showing prompts analyst gusto

By: Martin Creamer     27th July 2017 Thursday’s half-year production report from diversified mining and marketing company Glencore, which is seen as offering particular leverage to copper and zinc’s currently attractive fundamentals, elicited favourable analyst comment. “Glencore remains our sector top pick,” Barclays Equity... 

Glencore’s half-year showing prompts analyst gusto
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Cash-gushing Anglo restarts dividend as earnings double

By: Martin Creamer     27th July 2017 The underlying earnings of diversified mining company Anglo American have more than doubled in the six months to June 30, when the generation of cash in the half year was more than all of 2016. Earnings hit the $1.5-billion mark and cash flow soared to $2.7-billion. 

Cash-gushing Anglo restarts dividend as earnings double
Photo by Duane Daws
Anglo American CEO Mark Cutifani

Lundin swings back into black

By: Henry Lazenby     27th July 2017 Higher metals prices, higher sales volumes and lower operating costs have helped push Canadian diversified miner Lundin Mining back into the black, according to the company’s financial report for the three months ended June 30, published Wednesday. Net earnings from continuing operations for the... 

Peru's La Oroya smelter faces liquidation after failed auctions

By: Reuters     26th July 2017 Peru's nearly 100-year-old polymetallic smelter La Oroya failed to draw any offers on Wednesday in the last of six scheduled auctions, delivering a blow to President Pedro Pablo Kuczynski's plans to expand the Andean country's metals refining capacity. Kuczynski had extended the liquidation... 

Deputy Minister ‘uncomfortable’ at not being consulted

By: Martin Creamer     26th July 2017 Deputy Mineral Resources Minister Godfrey Oliphant told Radio 702 morning anchor Xolani Gwala on Wednesday that he was “uncomfortable” at having to read about the proposed mineral rights moratorium in the newspapers. Oliphant, who has served as the deputy to three Mineral Resources Ministers,... 

Deputy Minister ‘uncomfortable’ at not being consulted
Photo by Duane Daws
Deputy Mineral Resources Minister Godfrey Oliphant

Stop moratorium now, NUM instructs DMR

By: Martin Creamer     26th July 2017 The National Union of Mineworkers (NUM) said on Wednesday that it is deeply concerned by the current consideration by the Minister of Mineral Resources Mosebenzi Zwane to put in place a mineral rights moratorium until the finalisation of the Mining Charter Three court challenge by the Chamber of... 

Kumba CEO Mkhwanazi concerned by Minister’s reneging  

By: Martin Creamer     25th July 2017 Kumba Iron Ore CEO Themba Mkhwanazi on Tuesday expressed concern about the mineral rights and mining transaction moratorium that has been gazetted by Mineral Resources Minister Mosebenzi Zwane, especially because it followed his agreement to suspend the implementation of Mining Charter Three... 

Kumba CEO Mkhwanazi concerned by Minister’s reneging
Kumba Iron Ore CEO Themba Mkhwanazi reported a reinstatement of the dividend at the presentation of half-year results covered by Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video: Darlene Creamer. Video Editing: Lionel da Silva

Botswana hopes to strike deal with Norilsk soon over Nkomati mine

By: Reuters     25th July 2017 Botswana aims to resolve a dispute with Norilsk Nickel (Nornickel) next month over a failed deal in which the country's BCL Mine was to buy the Russian firm's 50% stake in the Nkomati mine. "Due diligence and valuation exercises are being carried out to establish the value of the Nkomati assets... 

Western Areas delivers another strong quarter

By: Esmarie Swanepoel     25th July 2017 Nickel miner Western Areas has reported another strong production quarter in the three months to June, with full-year production hitting the top-end of the guidance. During the June quarter, Western Areas mined some 5 994 t of nickel ore, compared with the 6 778 t produced in the previous... 

Philippines' Duterte warns miners: 'I will tax you to death'

By: Reuters     24th July 2017 Philippine President Rodrigo Duterte on Monday said he wanted to stop exporting mineral resources and might close the mining sector completely and tax miners "to death" if damage to the environment persisted. "The protection of the environment must be made a priority ahead of mining and all... 

Anglesey completes scoping study for Wales mine

By: Creamer Media Reporter      24th July 2017 Project developer Anglesey Mining on Monday published the results of its scoping study for the Parys Mountain copper/zinc/lead project, in north Wales, which demonstrates a viable mine development. The study, which Micon International and Fairport Engineering prepared, envisages a mining rate of... 

Anglesey completes scoping study for Wales mine
A file photo showing driling at the Parys Mountain site.

Philippines' Duterte says government plans new mining law

By: Reuters     21st July 2017 Philippine President Rodrigo Duterte said on Friday the government will draft a new law for the country's mining industry, which he said pays too little in tax and not enough in compensation for any environmental damage. The fate of more than half of 41 mines in the Philippines, the world's top... 

Moratorium infers intention to circumvent agreement – Leon 

By: Martin Creamer     21st July 2017 The mineral rights moratorium gazette notice of Mineral Resources Minister Mosebenzi Zwane infers an intention to circumvent the underlying purpose of the agreement reached with the Chamber of Mines, Herbert Smith Freehills’ Africa partner and co-chair, Peter Leon, said on Friday. In particular,... 

Moratorium infers intention to circumvent agreement – Leon
Photo by Duane Daws
Herbert Smith Freehills’ Africa practice partner and co-chair Peter Leon

Diamond output leap helps Anglo

By: Martin Creamer     20th July 2017 A sharp rise in rough diamond production at a time of stable diamond trading conditions has boosted diversified mining company Anglo American in the three months to June 30, when overall production was 8% up on a copper-equivalent basis. Rough diamond production increased by 36% to 8.7 million... 

Diamond output leap helps Anglo
Photo by Duane Daws
Anglo American CEO Mark Cutifani

Optimised study boosts Savannah project’s output and lowers costs

By: Esmarie Swanepoel     20th July 2017 An optimisation of the feasibility study (FS) for the Savannah base metals project, in Western Australia, has lowered the expected C1 cash and operating costs of the operation, while targeting higher nickel, copper and cobalt output, owner Panoramic reported on Thursday. Compared with a... 

Ivanhoe appoints two more financiers to find funds for Platreef

By: Samantha Herbst     19th July 2017 Africa-focused platinum-group metals (PGM) miner Ivanhoe Mines has appointed mine-financing institutions KfW IPEX-Bank and the Swedish Export Credit Corporation (SEK) to arrange project financing for the development of the Platreef project in South Africa’s Limpopo province. The German... 

Ivanhoe appoints two more financiers to find funds for Platreef
Ivanhoe chairperson Robert Friedland

Demand growth for some metals may exceed 1 000% – World Bank

By: Martin Creamer     18th July 2017 A new World Bank report highlights the potential impacts that the expected continuing boom in low-carbon energy technologies will have on demand for many minerals and metals, including Southern Africa's platinum, manganese and chrome. Using wind and solar energy, and energy storage batteries, as... 

Amur completes operating cost review for Kun-Manie

By: Creamer Media Reporter      17th July 2017 An independent review has projected an “encouraging” price tag of $1.78/lb of nickel-in-concentrate delivered to Ulak rail station, located on the Baikal Amur rail line, from the potential Kun-Manie nickel-copper sulphide project, in Russia, said Aim-listed Amur Minerals on Monday. The appointed... 

Nine recommended improvements should charter renegotiation ensue

By: Martin Creamer     17th July 2017 The agreed suspension of the implementation of the controversial Mining Charter Three may present an opportunity for the parties to negotiate a revised version that reflects terms acceptable to all parties. If so, the renegotiated charter should contain at least nine improvements, say Herbert... 

Nine recommended improvements should charter renegotiation ensue
Photo by Duane Daws
Herbert Smith Freehills Africa partner and co-chair Peter Leon

North American metals and mining sector provides weak covenant protections – Moody’s

By: Henry Lazenby     15th July 2017 High-yield bonds issued in the metals and mining sector provide weak covenant protection, Moody's Investors Service says in a new report issued on Friday. The average covenant quality (CQ) score under the credit rating agency's scoring criteria for the 56 North American metals and mining... 

Chamber wins round one in battle against mining charter

By: Martin Creamer     14th July 2017 In what is a clear first round victory for the Chamber of Mines of South Africa against the errant Department of Mineral Resources (DMR), Mineral Resources Minister Mosebenzi Zwane has agreed to suspend the implementation of the controversial Mining Charter Three until after the High Court has... 

Chamber wins round one in battle against mining charter
Chamber CEO Roger Baxter – chamber wins first round in fight against devastating Mining Charter Three

South African simulators commissioned in Madagascar

By: Simone Liedtke     14th July 2017 Mining company Sherritt International’s Ambatovy operation, in Madagascar, has commissioned its Cybermine heavy equipment operator training simulators from South African surface and underground mining simulator supplier ThoroughTec Simulation. 

South African simulators  commissioned in Madagascar
NEED FOR SAFETY The Cybermine high-fidelity training simulators answer the need for safe training of heavy equipment operators

Chamber’s interdict application likely to succeed – attorney

By: Nadine James     12th July 2017 Mining industry employers’ organisation Chamber of Mines’ (CoM’s) urgent interdict application to halt the implementation of the third iteration of the Mining Charter – published by Mineral Resources Minister Mosebenzi Zwane on June 15 – is likely to succeed, says Webber Wentzel partner Rita... 

Chamber’s interdict application likely to succeed – attorney
Photo by Ilan Solomons
Mineral Resources Minister Mosebenzi Zwane

Miners rewarded for improved capital discipline

By: Henry Lazenby     11th July 2017 Increased cash flows, merger and acquisition (M&A) activity and new debt issues have helped many of the world’s top miners strengthen their balance sheets in 2016, reflecting miners’ response to investor messages around capital discipline, according to new analysis from PwC Canada. "As the global... 

Miners rewarded for improved capital discipline

Poseidon, Aphrodite enter MOU to assess gold processing at Black Swan

By: Ilan Solomons     10th July 2017 ASX-listed companies Poseidon Nickel and Aphrodite Gold announced on Monday that they had entered into a memorandum of understanding (MOU) to evaluate the processing of Aphrodite’s gold mineral resources at Poseidon’s Black Swan processing facility (BSPF), in Western Australia’s Eastern... 

Poseidon, Aphrodite enter MOU to assess gold processing at Black Swan
Photo by Poseidon Nickel
Poseidon’s Black Swan processing facility (BSPF), in Western Australia’s Eastern Goldfields

New owner committed to opening Tasmania nickel mine – MMG

By: Creamer Media Reporter      10th July 2017 The Avebury nickel mine, in Tasmania, may soon be reopened under the new ownership of privately owned Dundas Mining. The company bought the mine from metals miner MMG for A$25-million. The sales agreement was concluded last week. 

Cuba sees 2017 nickel, cobalt sulphides output at 54 500 t

By: Reuters     10th July 2017 Cuba plans to produce 54 500 t of nickel and cobalt sulphides this year, state-run television said at the weekend. Nickel is one of the cash-strapped Communist-run country’s most important exports, but revenue from it has suffered in recent years due to a decline in production and prices. 

Gas blast kills three in Norilsk Nickel mine

By: Reuters     7th July 2017 A methane gas explosion on Friday ripped through an Arctic mine run by Russian miner Norilsk Nickel, killing three people and injuring several others, the company said in a statement. All workers were evacuated from the Zapolyarnaya mine. "All necessary rescue work is being carried out, the cause... 

Amur Minerals seeks to update resource as drilling continues at Russia deposits

By: Megan van Wyngaardt     6th July 2017 A new trail for resource expansion is in “full swing” at nickel-copper resource developer Amur Minerals’ Kubuk and Ikenskoe/Sobolevsky deposits, in Russia, with a drilling programme having recently been completed. “We are drill testing the largest target with a length of 2 500 m located between... 

Copper drops as warehouse inflows undermine shortage speculation

By: Bloomberg     6th July 2017 Copper futures posted the biggest loss in two weeks as inventories tracked by the London Metal Exchange climbed the most since early March, dispelling concerns about potential shortages. Stockpiles rose 15% to 315 925 metric tons, bourse data show. Copper also fell as the dollar rose and... 

Paper trail on metal loans ended in fakes as banks lose millions

By: Bloomberg     4th July 2017 For all the high-tech wizardry of modern financial markets, there’s one corner of the commodity world that still depends almost entirely on printed paper – making it an easy target for crooks. Buyers and sellers of base metals like copper, aluminum and nickel use documents known as warehouse... 

Vale says loss-making New Caledonia nickel operations under review

By: Reuters     4th July 2017 Brazil's Vale is reassessing its loss-making New Caledonian nickel operations as part of a wider review of low performing assets after new Chief Executive Fabio Schvartsman took charge last month, a spokesperson said. "Under the leadership of our new CEO, Vale is reviewing all assets and... 

Vale says loss-making New Caledonia nickel operations under review

Mining Indaba offering new junior zone, boosting interface opportunities 

By: Martin Creamer     4th July 2017 Strong new thrusts are planned for next year’s Investing in African Mining Indaba, which is scheduled to take place at the Cape Town International Convention Centre from February 5 to 8, once again to support investment in mining companies operating in Africa and to provide an effective platform... 

Mining Indaba offering new junior zone, boosting interface opportunities
Investing in African Mining Indaba MD Alex Grose outlines to Mining Weekly Online’s Martin Creamer the major new focus on junior miner involvement. Video and Video Editing: Lionel da Silva.

Amur considering financing options for Russia nickel/copper project

By: Mariaan Webb     3rd July 2017 The board of Amur Minerals is considering multiple financing pathways for its flagship Kun-Manie nickel/copper project, in the far-east of Russia, including the possibility of strategic partners and the involvement of various export credit agencies (ECAs). London-based corporate advisory firm... 

Amur considering financing options for Russia nickel/copper project

Western Areas makes shipping deadline

By: Esmarie Swanepoel     3rd July 2017 Nickel miner Western Areas on Monday told shareholders that it was able to send the final shipment of nickel-in-concentrate to its customer in Asia, despite earlier fears that this would not eventuate. Western Areas last week warned some A$9-million in expected sales revenue could be moved from... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last
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
Close