http://www.miningweekly.com
R/€ = 15.07 Change: 0.09
R/$ = 12.92 Change: 0.12
Au 1255.03 $/oz Change: 1.19
Pt 933.00 $/oz Change: -1.00
 

North America News

Trump America-first pipeline plan draws ire of American oil

By: Bloomberg     21st July 2017 Donald Trump’s allies in the oil industry are warning the president that his bid to boost US steelmakers could backfire against their efforts to achieve his goal of "American energy dominance." The intense lobbying effort comes as the Commerce Department faces a Sunday deadline to give the... 

Glencore to invest $21m in Brazil's copper producer Paranapanema

By: Reuters     21st July 2017 Glencore has signed an agreement to invest up to 66-million reais ($21-million) into Brazilian copper producer Paranapanema, the Brazilian firm said in a securities filing. Paranapanema said the cash injection will give Glencore the right to appoint one board member and that the agreement is... 

Alacer completes Turkish Lira hedging contracts; eyes Çöpler capex saving

By: Henry Lazenby     21st July 2017 Turkey-focused miner Alacer Gold has completed foreign currency forward sales contracts to limit exposure to volatility of the Turkish Lira (TRY), the company announced on Friday. Alacer, which owns an 80%-stake and operates the country’s Çöpler mine, said the hedging programme covers about 40%... 

NexGen closes $110m financing, appoints new board member

By: Henry Lazenby     21st July 2017 Uranium explorer NexGen Energy has successfully closed a $110-million financing with Hong Kong-based CEF Holdings (CEF) and affiliates of its shareholders, comprising $50-million of common shares and $60-million principal amount of unsecured convertible debentures. Under terms of the financing,... 

Atlantic Gold updates Fifteen Mile Stream, Cochrane Hill resource estimates

By: Henry Lazenby     21st July 2017 TSX-V-listed Atlantic Gold has updated the compliant mineral resource estimates for its 100%-owned Fifteen Mile Stream and Cochrane Hill gold deposits, Nova Scotia. The company has in June completed resource definition drilling programmes on 25 m x 20 m centres with the objective of upgrading... 

Freeport Indonesia mine workers extend strike for fourth month

By: Reuters     21st July 2017 An estimated 5 000 workers at the giant Grasberg copper mine operated by Freeport-McMoRan's Indonesian unit will extend their strike for a fourth month, a union official said on Friday, in an ongoing dispute over layoffs and employment terms. The escalating labour issue comes as Freeport, the... 

Prophecy picks-up fourth vanadium play this year

By: Henry Lazenby     21st July 2017 Canadian project developer Prophecy Development Corp has agreed to acquire rights to a fourth vanadium project – it’s second this month. The Vancouver-based project developer has entered a binding letter agreement with Fairmont Resources to acquire the fully permitted Buttercup... 

Paladin teeters on the brink of receivership

By: Henry Lazenby     21st July 2017 Australian uranium player Paladin Energy is on the brink of receivership as its debts outweigh potential revenues. The ASX-listed miner, which will be stripped of its TSX-listing on August 10 for failure to meet the exchange’s ongoing listing requirements, said on Friday that it has received an... 

Paladin teeters on the brink of receivership
Photo by Bloomberg
Paladin Energy's Langer Heinrich Mine, Namibia

Global lead production set to stagnate after 2017 acceleration

By: Natasha Odendaal     21st July 2017 Following a decline in overall lead production worldwide in 2016, a slight rise in prices will drive a short-lived acceleration in global lead mine production growth in 2017. Subdued prices and a weak project pipeline in several major lead-producing countries will bring this rapid rate of growth... 

Tanzania's Magufuli threatens to shut mines if firms delay tax talks

By: Reuters     21st July 2017 Tanzania's President John Magufuli has threatened to close down all gold mines in the country if mining companies delay talks with his government aimed at resolving allegations of tax evasion. The announcement by Magufuli, nicknamed "the Bulldozer" for his forceful leadership style, marks a... 

Tanzania's Magufuli threatens to shut mines if firms delay tax talks
Tanzania President John Magufuli

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

Iron’s surge to $70 draws out sceptics as prices reverse

By: Bloomberg     21st July 2017 Iron-ore’s strong start to the second half and surge above $70 a metric ton will probably fade through the year-end as demand from top buyer China slows and global mine supplies remain robust, according to Sucden Financial and Bank Julius Baer & Co. “Any significant uptick in seaborne cargoes... 

Zaldivar copper mine workers extend wage talks with company

By: Reuters     21st July 2017 The union at Antofagasta's Zaldivar copper mine, in Chile, said on Thursday that workers and the company had failed to reach a wage deal and that they had agreed to extend government-mediated talks into next week. Last week, the union voted to strike, prompting the mediated talks and a new... 

Oil, chemical weakness force IHS materials price index lower

By: Henry Lazenby     21st July 2017 The materials price index (MPI) from Global Insight by IHS Markit fell 0.7% last week, driven by weakness in the oil and chemicals sectors, the firm announced on Thursday. It was the MPI’s first decline since the middle of June, as weakness in oil, down 1.5%, and chemicals, down 3.9%, pulled the... 

Brazil's Vale eyes 2017 iron-ore output at low end of forecast

By: Reuters     21st July 2017 Brazil's Vale, the world's largest iron-ore producer, said on Thursday that iron-ore output would close the year near the bottom of its forecast of 360 million to 380 million tonnes, despite record second-quarter production. Vale, said iron-ore production reached 91.85-million tonnes in the... 

Northern Superior returns exploration focus to TPK

By: Henry Lazenby     21st July 2017 Exploration junior Northern Superior Resources has initiated engagement protocols under its early exploration benefits agreement with the Neskantaga First Nation in parallel with its plans to restart exploration activities on its 100%-owned Ti-pi-haa-kaa-ning (TPK) project, in north-western... 

Sarama a step closer to receiving title to key Burkina Faso-based Bondi project

By: Henry Lazenby     21st July 2017 TSX-V-listed Sarama Resources on Thursday announced that the Burkina Faso Ministry of Mines and Quarries has issued an invoice, and Sarama has paid, for the transfer of the Djarkadougou exploration permit, which is host to the Bondi deposit. It is a critical part of Sarama’s growth strategy in... 

World copper market shows 80 000 t surplus in first four months of 2017

By: Henry Lazenby     21st July 2017 The world refined copper balance for the first four months of 2017 indicates a surplus of about 80 000 t, the International Copper Study Group (ICSG) reported on Thursday. It ascribed the surplus mainly to a decline in Chinese apparent demand, a market that currently accounts for about 48% of the... 

Fast-growing Chinese aluminium sector attracts increased govt scrutiny

By: Henry Lazenby     21st July 2017 As the Chinese aluminium sector comes under greater pressure to moderate its capacity growth, the government is cracking down on so-called ‘illegal’ smelters, analysis by Wood Mackenzie global aluminium markets senior research analyst Ami Shivkar has found. Shivkar argues that unqualified... 

Fast-growing Chinese aluminium sector attracts increased govt scrutiny

Black Iron reinvigorates Ukraine iron-ore project on favourable exchange rate

By: Mariaan Webb     20th July 2017 Canadian explorer and developer Black Iron will develop a new preliminary economic assessment (PEA) for its Shymanivske iron-ore project, in Ukraine, to take into account the favourable exchange rate and a phased development plan. Instead of a 9.9-million-ton-a-year operation, as considered in... 

Black Iron reinvigorates Ukraine iron-ore project on favourable exchange rate

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

Dalradian surface drilling programme to enhance Curraghinalt project

By: Creamer Media Reporter      20th July 2017 Gold explorer and developer Dalradian Resources has started a 30 000-m surface drilling programme at its Curraghinalt project, in Northern Ireland, as part of its 2017 exploration programme. Five drill rigs were currently operating, the company reported on Thursday. 

Activist fund Elliott adds potash to list of BHP grievances

By: Reuters     20th July 2017 Activist shareholder Elliott Management said it has deep concerns over a proposal by BHP to enter the currently over-supplied fertiliser market, reiterating its call for change at the mining giant. BHP has signaled it may push ahead with its long-dormant Jansen potash mine in Canada in a... 

Amplats own-mine output up, sales down in two-fatality quarter

By: Martin Creamer     20th July 2017 Performance from its own mine operations helped platinum production from Anglo American Platinum (Amplats) to increase in the three months to June 30, but sales volumes fell sharply on technical problems and two mineworkers succumbed to fatal injuries. Full-year production guidance remains... 

Mustang raises A$8.5m from US backer

By: Esmarie Swanepoel     20th July 2017 Ruby miner Mustang Resources has secured A$8.5-millin in funding from US institutional investor Arena Investors under a convertible note facility. The financing will be drawn down in four tranches, with the first A$1.7-million received on the signing of a convertible note deed. A second tranche... 

Peru miners start nationwide strike, govt sees little impact

By: Reuters     20th July 2017 Unionised workers at mines in Peru, the world's second biggest copper producer, started a nationwide strike on Wednesday to protest the government's proposed labour reforms, the head of a federation of mining unions said on Wednesday. Workers at 56 mining unions in the Andean country, including... 

State of emergency in British Columbia extended as wildfires rage

By: Reuters     20th July 2017 British Columbia's government took the unprecedented step on Wednesday of extending a state of emergency by two weeks as it battled 140 wildfires that have forced about 45 000 people from their homes. The province's Premier John Horgan said evacuated households would receive C$600 from the... 

BMI index shows policy determines market attractiveness in Latin America

By: Henry Lazenby     20th July 2017 With policy being of the utmost importance when determining market attractiveness, countries with reliably stable  business environments will continue to dominate the top mining risk/reward index scores in the Americas, reflecting miners' prioritisation of reducing risk, given a volatile mineral... 

Taseko restarts Gibraltar mine

By: Henry Lazenby     20th July 2017 Base metals producer Taseko mines has restarted operations at its Gibraltar mine, in British Columbia, following a four-day hiatus as hundreds of wildfires ravaged the province’s interior. The TSX-listed company said on Wednesday that restarting the mine will help to limit interruption and keep... 

Greenstone Gold partners submit environmental applications for Hardrock project

By: Henry Lazenby     20th July 2017 Joint venture (JV) partners Centerra Gold and Premier Gold Mines have submitted the environmental impact statement and environmental assessment (EIS/EA) to the Canadian Environmental Assessment Agency (CEAA) and the Ministry of the Environment and Climate Change (MOECC) to start the formal... 

Arbitrator grants some protective relief for Centerra in ongoing Kyrgyz legal saga

By: Henry Lazenby     19th July 2017 Canadian gold producer Centerra Gold has been granted some interim relief in its rolling arbitration against the Kyrgyz Republic and State miner Kyrgyzaltyn, regarding the Kumtor project. The TSX-listed miner reported on Wednesday that the arbitrator sided with the company, finding prima facie... 

Arbitrator grants some protective relief for Centerra in ongoing Kyrgyz legal saga
Centerra Gold's Kumtor gold mine, Kyrgyzstan

A decade since global financial crisis, diamond industry yet to re-test 2011 summer highs

By: Henry Lazenby     19th July 2017 This year marks ten years since the start of the global financial crisis in 2007, an event that shook global markets to the core and precipitated a changed market landscape for many commodities, including diamonds. With this in mind, independent diamond industry analyst and consultant Paul... 

A decade since global financial crisis, diamond industry yet to re-test 2011 summer highs

A pearl at a time, Fission redefines Saskatchewan’s Athabasca basin 

By: Henry Lazenby     19th July 2017 Since the November 2012 discovery of a new high-grade uranium deposit just outside the south-western corner of Saskatchewan’s famed Athabasca basin, where the world’s highest-grade uranium mines are found, explorer Fission Uranium has succeeded in stringing together new uranium discoveries “like... 

A pearl at a time, Fission redefines Saskatchewan’s Athabasca basin
Fission Uranium president, COO and chief geologist Ross McElroy discusses how the Patterson Lake South uranium project was discovered, current exploration goals, and the project’s strategic advantage in the ongoing low uranium price environment. Video: Henry Lazenby; Editing: Lionel da Silva.

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

BHP hits iron-ore target, forecasts higher output in 2018

By: Esmarie Swanepoel     19th July 2017 Diversified major BHP has increased its production expectations for iron-ore, copper and metallurgical coal in 2018, on the back of solid results for the year ended June. The miner on Wednesday reported that it had achieved production guidance at its petroleum and iron-ore divisions during the... 

BHP hits iron-ore target, forecasts higher output in 2018
BHP CEO Andrew Mackenzie

Zinc falters as market appears better supplied than expected

By: Reuters     19th July 2017 Zinc prices are running out of steam, with shortages in China appearing to be less severe than expected, inventories rebounding and producers selling the metal to take advantage of current market levels. Benchmark zinc prices on the London Metal Exchange surged 60% last year after the shutdown of... 

Zinc falters as market appears better supplied than expected

Edikan delivers more gold for Perseus

By: Esmarie Swanepoel     19th July 2017 Dual-listed gold miner Perseus Mining has reported a 6% quarter-on-quarter increase in production from its Edikan gold mine, in Ghana. The Edikan operation produced 51 563 oz of gold during the June quarter, bringing half-year production to 100 218 oz. The half-year production was up 32%... 

Trump urged by CEO to nationalise the only US rare-earths mine

By: Bloomberg     19th July 2017 The head of an advanced-materials manufacturer said he met with President Donald Trump’s chief strategist, Steve Bannon, on Monday to persuade him that the US should nationalise the country’s only mine of rare earth minerals, which are used in military applications. “The staff understood the... 

Trump urged by CEO to nationalise the only US rare-earths mine
Photo by Reuters
Rare earths processing at Molycorp's Mountain Pass mine, California
First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Latest News: Africa and Europe

Latest News: Australasia

more

Topics In These Articles

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