Global Mining News in real time

North America News

Noble's US metal traders leave in latest senior exits – sources

By: Reuters     Updated 7 hours ago Noble Group's senior US metals traders Scott Evans and Jeff Romanek have left the company, four sources said on Tuesday, the latest in a string of high-profile departures as the Asian commodities trader battles weak metals and oil prices. The departures come as Asia's biggest commodity trader... 

Freeport says reviewing options for oil and gas business

By: Reuters     Updated 7 hours ago Freeport-McMoRan said it is reviewing strategic options for its oil and gas business, including a spinoff or a joint venture, a week after its biggest shareholder Carl Icahn said the energy and mining company was an example of a "golden" buying opportunity. Activist investor Icahn, who owned... 

Cliffs terminates pellet supply agreement with Essar Algoma

By: Henry Lazenby US iron-ore producer Cliffs Natural Resources has cancelled a pellet supply agreement with primary steel producer Essar Algoma with immediate effect. According to Cliffs, Essar Algoma had committed multiple and material breaches under the sale and purchase agreement. 

Scathing report faults EPA’s handling of Alaska's Pebble project

By: Henry Lazenby An independent review of the US Environmental Protection Agency's (EPA’s) decision-making process regarding potential mining in south-west Alaska's Bristol Bay watershed has concluded that the agency’s actions were not fair to all stakeholders, raising concerns about alleged possible misconduct... 

Scathing report faults EPA’s handling of Alaska's Pebble project
Photo by Northern Dynasty Minerals
Pebble, Alaska.

Implats moves to raise R4bn

By: Martin Creamer Mining company Impala Platinum (Implats) on Tuesday announced its placing of new shares to raise up to R4-billion through a bookbuild offering run by UBS as acting underwriter. This follows Mining Weekly Online’s report last month in which Implats CEO Terence Goodlace outlined the company’s... 

Implats moves to raise R4bn
Implats CEO Terence Goodlace

Cash-pumping Glencore spells out enhanced liquidity position

By: Martin Creamer Diversified mining and marketing company Glencore on Tuesday released a funding fact sheet that showed enhanced liquidity, a plethora of undrawn credit facilities and a business that is pumping free cash. Giving chapter and verse of its financing arrangements, the London-, Hong Kong- and... 

Cash-pumping Glencore spells out enhanced liquidity position
Photo by Duane Daws
Ivan Glasenberg

Sentinel development on track, as First Quantum takes steps to maintain financial stability

A stabilising electricity supply situation in Zambia is leaving dual-listed First Quantum Minerals hopeful that its Sentinel project will ramp up to commercial production by the end of this year. The project’s ramp-up had been affected by the limited power supply available in the country, as... 

Share prices soar as Sibanye bids R4bn cash for Aquarius Platinum

By: Martin Creamer The share prices of both Aquarius Platinum and Sibanye Gold rose sharply on Tuesday after precious metals mining company Sibanye offered R4-billion cash for the entire issued share capital of Aquarius - a bid Aquarius' board has unanimously endorsed. By close, Aquarius share price had risen by... 

Share prices soar as Sibanye bids R4bn cash for Aquarius Platinum
Photo by Duane Daws
Neal Froneman

MinQuest explores Wolverine infrastructure opportunities

By: Esmarie Swanepoel While ASX-listed MinQuest has been forced to abandon its plans to buy the Wolverine zinc mine, in Canada, the company on Tuesday said it would continue to “vigorously” explore opportunities to use the Wolverine infrastructure to process the Kona mineral resource from its own Fyre Lake copper... 

Illegal blockade halts work at B2Gold’s El Limon mine

By: Henry Lazenby Access to triple-listed gold miner B2Gold's El Limon mine, in Nicaragua, has been blocked by an illegal barricade since last Monday. The Canadian miner explained that access to the El Limon operation and process facility had been blocked by a small group of workers, community members, and other... 

Suncor launches $6.6bn hostile bid for Canadian Oil Sands

By: Henry Lazenby The TSX-listed stock of Canadian Oil Sands (COS) closed more than 55% higher at C$9.60 apiece on Monday, after rival Suncor Energy launched a C$4.3-billion hostile takeover bid. Under terms of the offer, each COS shareholder would receive one-quarter of a Suncor share, or about C$8.84, for each... 

Alcoa inks $1bn fastening systems deal with Airbus

By: Henry Lazenby US-based speciality alloys company Alcoa has struck a $1-billion contract with Airbus to supply multimaterial aerospace fastening systems for use on the European aircraft manufacturer's latest aircraft. NYSE-listed Alcoa said the deal was its largest fastener contract ever with the aircraft... 

PotashCorp withdraws bid for German rival

By: Henry Lazenby The world’s largest potash miner Potash Corporation of Saskatchewan (PotashCorp) on Monday retracted its offer to buy German rival K+S Aktiengesellschaft, citing declining macroeconomic conditions and a lack of interest from K+S management to pursue a deal. K+S had previously rejected the... 

Canada becomes founding partner of historic Trans-Pacific Partnership, to boost resource sectors

By: Henry Lazenby Canada on Monday became one of the 12 founders of the historic Trans-Pacific Partnership (TPP) free-trade agreement (FTA) that could ensure an increase in Canadian exports and investment to member countries, supporting jobs for Canadians at home and abroad. The TPP was a multilateral trade... 

Canada becomes founding partner of historic Trans-Pacific Partnership, to boost resource sectors
Photo by Reuters
Canada's Prime Minister Stephen Harper speaks during a news conference on the TPP trade agreement, in Ottawa.

Call to provide take-or-pay rail relief should coal price fall below $45/t

By: Martin Creamer Collective decisions should be taken now to decide on a course of action to assist coal mining companies to continue to fulfil their take-or-pay rail obligations should the coal price fall below $45/t. Transnet GM commercial Divyesh Kalan, who addressed the Fossil Fuel Foundation on coal... 

Call to provide take-or-pay rail relief should coal price fall below $45/t

Erin Energy finds substantial energy resource in Ghana

By: Megan van Wyngaardt Dual-listed oil and gas explorer Erin Energy Corporation has estimated that the tenements that make up the expanded shallow water Tano (ESWT) block, in Ghana, would deliver about 500-million barrels of oil and 282-billion cubic feet of gas. The company recently completed resource volume... 

Erin Energy finds substantial energy resource in Ghana

Glencore shares surge on agriculture asset sale hopes 

By: Reuters Shares in beleaguered trader and miner Glencore Plc rose on Monday on hopes it was on track with its debt-cutting plans with a sale of a stake in its agricultural assets. Glencore's share price has lost more than 60% this year, battered by a collapse in global commodity prices over the past year... 

Volatility spikes may be unintended consequence of EU commodities rules

By: Reuters Energy traders are at odds with new European Union rules designed to halt speculation in commodities, arguing that companies won't be able to efficiently manage risk and market volatility could in fact spike. The European Securities and Markets Authority (ESMA) this week announced its final rules... 

Faltering Chinese demand keeps beating down coal prices 

By: Reuters Slumping Chinese demand continues to batter thermal coal prices in the first week of the fourth quarter, with benchmark physical cargoes dropping to their lowest in more than eight years. That has made coal, mostly used for power generation in emerging markets, the most prominent victim of what... 

Goldcorp reports work stoppage at newest mine in Argentina

By: Henry Lazenby A work stoppage led by a local labour union has been reported at TSX- and NYSE-listed Goldcorp's newest gold mine Cerro Negro, in Argentina. The miner, the world’s largest gold producer by market capitalisation, advised that the work stoppage by miners represented by the Asociacion Obrera Minera... 

Taseko lifts Q3 output 16% y/y

By: Henry Lazenby Despite navigating a challenging third quarter, base metals producer Taseko Mines has increased copper output from its Gibraltar copper/molybdenum mine by 16% year-on-year to 41-million pounds, with quarterly sales hitting the same volume. "During the quarter, planned maintenance was performed on... 

Diesel autos to lose market share, platinum price to fall on VW scandal

By: Henry Lazenby As a direct result of German automaker Volkswagen’s (VW’s) admission that it has violated US emission regulations, diesel propelled vehicles stood to lose market share, removing a source of platinum demand growth, sending prices falling. On 18 September, the US Environmental Protection Agency... 

Greek court rules Eldorado Gold can resume mining in northern Greece

By: Reuters Canada's Eldorado Gold can temporarily resume mining operations in northern Greece until a final court ruling is made, Greece's top administrative court said on Friday. Eldorado had appealed to Greece's top court to overturn a ban on its plans to develop a gold mine in a forested area of... 

Nautilus shrugs off activists’ critique as ‘unscientific’ 

By: Henry Lazenby Deep sea mining pioneer Nautilus Minerals is making light of an environmentalist attack on its flagship Solwara 1 copper/gold/zinc/silver project, in the Bismarck sea, earlier this week, characterising critique released on Monday as being unscientific and full of errors and misunderstandings. As... 

Nautilus shrugs off activists’ critique as ‘unscientific’

Global commodity price slump sends ripples around the world

By: Reuters In the boom times when the price of gold was soaring, Ebenezer Sam-Onuawonto had a dream job and a dollar salary many times the national average in this mining town in southwestern Ghana. When the price fell, he lost his job as human resources chief at a mining company that closed its local... 

Global commodity price slump sends ripples around the world

Black-controlled Fraser Alexander wins Glencore coal discard contracts

By: Martin Creamer Black-controlled mining services company Fraser Alexander has won the Glencore group discard and handling services contracts for Tweefontein Boschmans, Impunzi Atcom, Impunzi ATC and Koornfontein coal mines. The Royal Bafokeng Holdings-owned Fraser Alexander said in a release that the size of the... 

Black-controlled Fraser Alexander wins Glencore coal discard contracts
Discard hauler ejecting coal discard material.

Water not contaminated after cyanide spill at Barrick's Veladero – UN

By: Reuters A cyanide solution spill at Barrick Gold's Veladero mine, in western Argentina, did not contaminate local water supplies, preliminary tests by UN investigators showed. The September 13 leak was caused by a defective valve and prompted a court order that forced Barrick to temporarily halt pumping... 

Stornoway receives second C$80m tranche of diamond stream funding

By: Henry Lazenby Quebec-based project builder Stornoway Diamond on Thursday completed the drawdown of the second $80-million tranche of diamond stream funding from Orion Mine Finance, the Caisse de dépôt et placement du Québec (CDPQ) and Blackstone Tactical Opportunities. Under Stornoway's C$946-million project... 

Glencore advances first tranche of $30m loan to PolyMet

By: Henry Lazenby TSX- and NYSE MKT-listed PolyMet Mining has received the first tranche of $6-million under a $30-million loan facility due on March 31, 2016, giving the project developer about $10.3-million working capital to advance its NorthMet copper/nickel/precious metals project, in north-eastern Minnesota.... 

BC gives environmental green light for Murray River coal project

By: Henry Lazenby The British Columbia government has issued project developer HD Mining International with an environmental assessment certificate for the Murray River coal project,12 km south of Tumbler Ridge. Provincial Environment Minister Mary Polak and Energy and Mines Minister Bill Bennett had issued the... 

Mosaic settles with EPA, Florida and Louisiana over waste management claims

By: Henry Lazenby Mosaic Fertilizer, a subsidiary of NYSE-listed The Mosaic Company, has reached settlements with federal and state environmental agencies to resolve claims involving the company's management of certain on-site waste materials at its fertiliser manufacturing facilities in Florida and Louisiana.... 

Mosaic settles with EPA, Florida and Louisiana over waste management claims

Syncrude gains access to patent rights that could reduce environmental footprint

By: Henry Lazenby TSX-V-listed technology firm Titanium Corp has assigned a 50% interest and signed a co-ownership agreement with oil sands miner Syncrude Canada in a patent that could help Syncrude reduce its environmental footprint. Under the terms of the agreement announced on Thursday, Titanium had assigned a... 

Glencore resumes slide despite investor meeting, John Mack share purchase

By: Reuters Glencore's share price eased again on Thursday despite the company's assurances to investors that its debt-cutting plans remain on track and a decision by board member and legendary banker John Mack to buy $600,000 worth of stock. Battered by a collapse in global commodity prices over the past... 

Destruction of diamond beneficiation almost complete – Lorimer 

By: Martin Creamer The destruction of 95% of South Africa’s once-buoyant diamond cutting and polishing industry showed once again that governments could not micromanage businesses and should not try to do so, Democratic Alliance (DA) Shadow Mineral Resources Minister James Lorimer said on Thursday. The Opposition... 

Destruction of diamond beneficiation almost complete – Lorimer
James Lorimer MP

Low metal prices cause North American Palladium to cut jobs, reduce output

By: Henry Lazenby Precious metals producer North American Palladium (NAP) has lowered its production forecast and taken steps to reduce its workforce at the Lac des Iles (LDI) mine, in Ontario, as a weak palladium price has taken its toll on the company. The TSX-listed miner advised on Wednesday that 44 employees,... 

Nevada Zinc expands control over promising exploration project

By: Henry Lazenby Zinc explorer Nevada Zinc has bought the Mountain View Mine (MVM), located within the company’s Lone Mountain zinc project. MVM had been an important outstanding acquisition target since the TSX-V-listed explorer started exploration and drilling in the Lone Mountain area about one year ago, and... 

TransCanada to drop legal action, apply to Nebraska Public Service Commission for route certainty

By: Henry Lazenby Canadian energy infrastructure operator TransCanada will file an application with the Nebraska Public Service Commission (PSC) to seek approval for the Keystone XL route through the state. TSX- and NYSE-listed TransCanada on Wednesday changed tack, saying it would drop its current ‘eminent... 

TransCanada to drop legal action, apply to Nebraska Public Service Commission for route certainty

Century to continue operating two potlines at Kentucky operation

By: Henry Lazenby Despite weak metal prices and a flood of low-priced exports from China, US primary aluminium producer Century Aluminum on Wednesday confirmed that it would continue running two potlines at its Hawesville, Kentucky smelter. This rate represented about 40% of the plant’s capacity from October 24... 

2 3 4 5 6 7 8 9 Next Last

Latest Videos


Latest News


Latest News: Africa and Europe

Latest News: Australasia


Topics In These Articles

RSS Feed


Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


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


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
R/€ = 15.14Change: 0.11
R/$ = 13.48Change: 0.07
Au 1148.85 $/ozChange: 2.40
Pt 939.00 $/ozChange: 4.50
Subscribe Now for $96
Subscribe Now for $96 Close