http://www.miningweekly.com
R/€ = 16.75 Change: -0.25
R/$ = 15.07 Change: -0.50
Au 1315.62 $/oz Change: -1.13
Pt 987.00 $/oz Change: 2.00
 

North America News

Gold rises most since 2008 crisis as investors seek Brexit haven

By: Bloomberg     25th June 2016 Gold surged the most since the height of the 2008 global financial crisis after the UK voted to exit the European Union, causing turmoil across markets and boosting haven demand. Bullion jumped as much as 8.1% and futures trading volume was double the average for this time of day. As the pound... 

Bellhaven stock rises 20% on closing oversubscribed offering

By: Henry Lazenby     25th June 2016 Panama and Colombia-focused explorer Bellhaven Copper & Gold’s shares listed on the TSX-V jumped 20% on Friday after the company announced that its nonbrokered private placement offering of C$500 000, that was later increased to $620 000 owing to better-than-expected investor demand, has closed.... 

Royalty North appoints Sandstorm CEO as chair

By: Henry Lazenby     25th June 2016 -V-listed junior Royalty North Partners stocks surged n Friday after the company late Thursday announced the appointment of president and CEO of royalty streaming firm Sandstorm Gold Nolan Watson as chairperson of the board. The stock rose by 50% on Friday as Watson, who had helped to develop the... 

Anglo American advancing in wage talks at Chile copper mines

By: Henry Lazenby     25th June 2016 Global mining company Anglo American said on Friday that it is progressing with wage negotiations at its flagship Los Bronces copper mine, in Chile, and is looking to finalise talks with workers at other operations in the country. This year, Anglo American needs to negotiate contracts with seven... 

Brexit could push gold price as high as $1 400/oz in coming weeks

By: Ilan Solomons     24th June 2016 Gold and silver prices on Friday surged above their 2016 highs in the wake of the outcome of the British referendum to leave the European Union (EU) – the so-called Brexit. Fitch Group research firm BMI on Friday said it expected additional gains for these precious metals over the coming weeks. 

‘Staggering’ uncertainty driving gold – World Gold Council

By: Martin Creamer     24th June 2016 With Britain voting to exit the European Union, the World Gold Council expects to see strong and sustained inflows into the gold market driven by the "staggering" level of protracted uncertainty that investors now face. The council said on Friday that gold’s surge to $1 313.85/oz was providing... 

‘Staggering’ uncertainty driving gold – World Gold Council

Giyani launches C$300 000 private placement

By: Henry Lazenby     24th June 2016 Oakville, Ontario-based Giyani Gold has launched a C$300 000 non-brokered private placement financing of up to three-million common shares at a price of C$0.10 apiece, for total gross proceeds of up to C$300 000, the company announced Friday. The TSX-V- and JSE-listed explorer advised that... 

Nordgold may look at Toronto listing instead of London on Brexit

By: Bloomberg     24th June 2016 Nordgold, the Russian miner controlled by billionaire Alexey Mordashov, may look to get a primary listing of its shares in Toronto instead of London after the UK voted to leave the European Union. "It’s a real shock and nobody yet understands what the final consequences will be," Chief Executive... 

Mining sector sheltered from Brexit shock by gold and dollar strength

By: Reuters     24th June 2016 Big mining companies found some shelter from the shock of Britain's decision to leave the European Union from Friday's rare combination of stronger gold and a relatively strong dollar. The overall mining sector fell 2.5% while the blue-chip FTSE 100 index was down 4.6% by 1230 GMT. 

Mining sector sheltered from Brexit shock by gold and dollar strength

Gold delivers on day of tumult as Brexit supports bull case

By: Bloomberg     24th June 2016 Gold delivered and more gains may be on the cards. As global financial markets were cast into turmoil by Britain’s decision to quit the European Union, the commodity that’s known above all else for its role as an investment refuge rewarded backers with the biggest surge since the global financial... 

Gold delivers on day of tumult as Brexit supports bull case

Gold sees biggest gain since 2008 in rush for havens from Brexit

By: Bloomberg     24th June 2016 Gold rallied the most since the global financial meltdown of 2008 after the UK voted to leave the European Union, sending markets into a tailspin and investors piling into haven assets. Bullion for immediate delivery jumped as much as 8.1%, the most since 2008, and traded at $1 322.88 an ounce as... 

Gold sees biggest gain since 2008 in rush for havens from Brexit

Commodities reel in world market tumult as UK votes for Brexit

By: Bloomberg     24th June 2016 Commodities were swept up in global market turmoil as investors sold off growth-related assets including oil and copper and sought haven in precious metals as UK voters opted to leave the European Union after more than four decades. The Bloomberg Commodities Index fell as much as 2%, the most in... 

Gold surges to highest since ‘14 as BBC predicts vote for Brexit

By: Bloomberg     24th June 2016 Gold surged to the highest level in more than two years in a frantic global hunt for haven assets as Britain’s voters were projected to back leaving the European Union after a historic poll. Bullion for immediate delivery jumped as much as 8.1% to $1 358.54 an ounce, the highest price since... 

Gold surges to highest since ‘14 as BBC predicts vote for Brexit

In taking 39.5% stake, TomaGold partners with Goldcorp at Sidace Lake

By: Henry Lazenby     24th June 2016 Montreal-based TomaGold has bought a 39.5% interest in the Sidace Lake project from junior Planet Exploration, the company said on Thursday. In doing so, the company partnered with Goldcorp, which held the remaining 60.5% of the project, located 25 km north-east of Balmertown, in the renowned Red... 

Imperial Metals cleared to restart full production at ill-fated Mount Polley mine

By: Henry Lazenby     23rd June 2016 The British Columbia government on Thursday gave the owner of the now infamous Mount Polley copper/gold mine the thumbs up to restart full production. The August 2014 Mount Polley mine disaster, considered the worst mine disaster in Canadian history, released more than 25-million cubic metres of... 

Dominion Diamond contains Ekati fire

By: Henry Lazenby     23rd June 2016 Canada's largest independent diamond producer Dominion Diamond Corp, which is also the third-largest producer globally by value, on Thursday advised that it had contained a fire that had broken out during a planned outage in the Ekati mine’s process plant. The Toronto-headquartered company, which... 

Chile's Codelco to decide on partner for lithium development in 2017

By: Reuters     23rd June 2016 The world's No 1 copper producer Codelco is expected to make its decision on who to partner with to develop its lithium assets in the first quarter of next year, Chile's Mining Minister Aurora Williams told Reuters on Thursday. Lithium is an important ingredient in rechargeable batteries and is... 

Centerra gets new Kumtor emissions and discharge permits

By: Henry Lazenby     23rd June 2016 TSX-listed Centerra Gold has received its 2016 maximum allowable emissions (MAE) permit from the Kyrgyz Republic State Agency for Environmental Protection and Forestry (SAEPF) for the Kumtor mine, in Kyrgyzstan. Centerra stated that the new MAE permit was valid until December 31, and was the... 

Analyst urges caution as lithium excites and pitfalls multiply

By: Simon Rees     23rd June 2016 Lithium’s prospects are bright as demand from the battery sector is surging and observers believe it will only get better as more electric vehicles (EV) are produced and new energy storage solutions arise, such as Tesla’s Powerwall technology. Indeed, prices had marched higher, while... 

Analyst urges caution as lithium excites and pitfalls multiply
Photo by Reuters
Rockwood's Lithium plant on the Atacama salt flat, the largest lithium deposit currently in production, in the Atacama desert of northern Chile

Gem International sees big diamond potential at Angola flagship

By: Henry Lazenby     23rd June 2016 Vancouver-based explorer Gem International Resource sees bonanza diamond potential at its flagship Dala project, in Angola, and is preparing plans for the immediate development of alluvial diamond deposits, followed with systematic exploration that would hopefully result in discovering... 

Gem International sees big diamond potential at Angola flagship

Copper hits seven-week peak on optimism Britain will stay in EU

By: Reuters     23rd June 2016 Copper prices rose to their highest in seven weeks on Thursday as opinion polls indicating that Britons favour staying in the European Union boosted sentiment that was also reinforced by a weaker dollar. Benchmark copper on the London Metal Exchange (LME) gained 1.6% to $4 774/t by 15:00 GMT. It... 

Bank of England, offshore centres holding SA gold worth R75bn 

By: Martin Creamer     23rd June 2016 The Bank of England and other official sector institutions at offshore bullion centres are holding a large percentage of South Africa’s gold. At last count, these holdings totalled four-million ounces of South Africa’s gold, worth nearly $5-billion. 

Bank of England, offshore centres holding SA gold worth R75bn
DA Shadow Finance Minister David Maynier

Copper is just a bystander in commodities’ best start since 2008

By: Bloomberg     23rd June 2016 The best start to a year for commodities since 2008 is leaving copper in the dust. The metal is one of the weakest of the 22 raw materials in the Bloomberg Commodity Index of returns this year and the worst of the major metals. 

Copper is just a bystander in commodities’ best start since 2008

Potential rival to LME would be costly; tie-up an option

By: Reuters     23rd June 2016 The idea of launching a platform to rival the London Metal Exchange, the world's biggest market for industrial metals, is unlikely to become reality without large amounts of capital but a viable alternative could be a tie-up with another exchange. Former LME chief executive Martin Abbott raised... 

Great Panther reports fatality at Guanajuatito mine

By: Samantha Herbst     23rd June 2016 A contract miner has died due to an isolated rock fall at TSX-listed silver miner Great Panther Silver’s Guanajuatito mine, in Mexico. "We feel great sadness over the loss of one of our colleagues, and we offer our sincere condolences to his family and friends," stated Great Panther president and... 

Balancing exploration and project development key for Fission at PLS

By: Henry Lazenby     22nd June 2016 Exploration superstar Fission Uranium is gearing up for a C$13.3-million summer campaign at its flagship Patterson Lake South (PLS) project in the relatively underexplored Western Athabasca basin, in northern Saskatchewan, and is looking to balance its exploration activities with the objective of... 

Balancing exploration and project development key for Fission at PLS
Photo by Fission Uranium
Patterson Lake South, Saskatchewan

Stornoway starts mill commissioning two months ahead of plan

By: Henry Lazenby     22nd June 2016 Stornoway Diamond Corporation, the builder of Quebec’s only diamond mine, has started commissioning the Renard project’s plant two months ahead of schedule, the company advised on Wednesday. “The formal commencement of plant commissioning is a major milestone for the Renard project and our... 

Cameco, Areva and First Nations ink new collaboration accord

By: Henry Lazenby     22nd June 2016 Canada’s largest uranium operators Cameco and Areva Resources Canada, and local communities traditionally associated with the Cigar Lake, McClean Lake and Rabbit Lake uranium mining operations, have inked a new collaboration agreement that builds on the existing impact management accord signed in... 

ISS recommends shareholders vote for incumbent Eastplats board

By: Henry Lazenby     22nd June 2016 Eastern Platinum (Eastplats) has reported that independent proxy advisory firm Institutional Shareholder Services (ISS) had recommended that shareholders vote to keep the incumbent Eastplats board, amid a heated proxy contest. Hong Kong-based company Ka An Development, which had acquired a 13.79%... 

Gold rush to end whether or not Britain votes to exit EU

By: Reuters     22nd June 2016 Gold's sharp gains on uncertainty over Britain's European Union membership are likely to come to an end, regardless of whether Britons vote to leave or remain in Thursday's referendum. Prices hit their highest since August 2014 last week as the $5-trillion a year gold market rose with other... 

Gold rush to end whether or not Britain votes to exit EU

Gold posts biggest loss in four weeks as chances of Brexit ebb

By: Bloomberg     22nd June 2016 Gold posted the biggest loss in four weeks on speculation that a vote by Britons to stay in the European Union in Thursday’s referendum will undercut demand for the metal as a haven. Silver also fell, and copper rallied. While newer polls have been split on the outcome, betting shops put the... 

K+S on track to start August commissioning of $4.1bn Legacy project

By: Henry Lazenby     21st June 2016 Germany's K+S Potash Canada (KSPC) on Tuesday said its $4.1-billion Legacy potash project, in Saskatchewan, was on track to start commissioning activities by the end of August, with the aim of producing the first tonne of potash before year-end. KSPC broke ground on the project – the first new... 

With A$ gold price near all time high, RNC’s Beta Hunt rakes in cash

By: Henry Lazenby     21st June 2016 TSX-listed Royal Nickel (RNC) has produced 3 296 oz of payable gold from its most recent toll milling campaign of Beta Hunt production, including material from the mine’s first production stopes. The Toronto-headquartered company on Monday said production from the mine, located in the Kambalda... 

Goldsource buoyant as Eagle Mountain reaches commercial production

By: Henry Lazenby     21st June 2016 Project developer Goldsource Mines has declared commercial production at its flagship Eagle Mountain mine, in Guyana. The company’s announcement on Tuesday resulted in buoyant trading on the TSX-V, pushing the stock 6% higher to C$0.48 apiece. 

Canada’s pipeline operators on the hook as 'absolute liability' provisions kick in 

By: Henry Lazenby     21st June 2016 The new Pipeline Safety Act has come into force in Canada, heralding a new era of absolute liability for pipeline owners and operators and setting out financial resource requirements to pay for all costs related to a spill or rupture. The National Energy Board (NEB) on Monday welcomed the... 

Canada’s pipeline operators on the hook as 'absolute liability' provisions kick in

Mining Charter should be policy not law – Leon 

By: Martin Creamer     21st June 2016 The Mining Charter should be a policy type document rather than a legislative instrument. “We need to go back to what it was intended to be,” Herbert Smith Freehills partner and Africa practice co-chair Peter Leon said on Tuesday. (Also watch attached Creamer Media video). 

Mining Charter should be policy not law – Leon
Photo by Duane Daws
Herbert Smith Freehills partner Peter Leon

BHP flags ‘another 10 years’ as iron-ore adjusts after boom

By: Bloomberg     21st June 2016 The iron-ore market will take longer to balance out than other commodities as excess supply may take years to be absorbed after a boom, according to BHP Billiton CEO Andrew Mackenzie, who flagged his company’s low production costs as a lure for hedge-fund investors. “There are some commodities,... 

BHP flags ‘another 10 years’ as iron-ore adjusts after boom
BHP Billiton CEO Andrew Mackenzie

Rio Tinto appoints new iron-ore chief in organisational overhaul

By: Mariaan Webb     21st June 2016 Diversified miner Rio Tinto incoming CEO Jean-Sébastien Jacques on Tuesday unveiled a new organisational structure and executive team, which included a new head for its iron-ore division. Chris Salisburg, who was currently acting copper and coal CEO, was appointed CEO of the iron-ore division,... 

Rio Tinto appoints new iron-ore chief in organisational overhaul
Rio Tinto's new CEO Jean-Sébastien Jacques has announced sweeping organisational changes.
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
Subscribe Now for $149 Close