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North America News

Bluejay advances permitting process for Greenland titanium project

By: Mariaan Webb     Updated 39 minutes ago Aim- and FSE-listed Bluejay Mining has concluded the public preconsultation phase of the permitting process for its Pituffik titanium project, in Greenland, and will now move on to the public consultation phase of the final draft environmental-impact assessment (EIA) and social-impact assessment... 

AuRico Metals publishes positive PEA for Kemess East gold/copper project

By: Henry Lazenby     Updated 7 hours ago Canadian gold producer AuRico Metals has published a positive preliminary economic assessment (PEA) for the Kemess East gold/copper project, even when considered as a stand-alone project, not part of the Kemess underground project, the company announced Monday. The Kemess East PEA evaluated a... 

Eldorado in possible pickle for ‘breach of contract’ in Greece – NGO

By: Henry Lazenby     30th May 2017 Gold producer Eldorado Gold could be subject to arbitration after the Greek government last month announced its intention to take the company to mediation over a possible breach of contract relating to its ability to produce precious metals in Greece. The Greek government on April 11 assigned a... 

Eldorado in possible pickle for ‘breach of contract’ in Greece – NGO
Photo by Eldorado Gold
Skouries project development, Greece

Spencer appointed as Aurania president; shareholders approve EcuaSolidus acquisition

By: Henry Lazenby     30th May 2017 Junior explorer Aurania Resources has appointed board member Dr Richard Spencer as its new president. Spencer, who will continue to act in his current roles of president and CEO of TSX-listed U3O8 Corp, will be responsible for the financial and operational performance of Aurania, as it searches... 

New projects spur rebound in Chilean mining jobs – recruiter

By: Reuters     29th May 2017 Companies have stepped up their requests for engineers and other positions at early stage mining projects in Chile, a local recruiter said on Monday, in a further sign of activity warming up in the industry. Chile is the world's biggest producer of copper, which makes up over half its export... 

Veladero strike ends; establishes formal dialogue with trade union

By: Henry Lazenby     29th May 2017 Workers belonging to the AOMA union at the Veladero mine, in San Juan province, Argentina, has restarted work on Monday afternoon after downing tools early on Sunday. Barrick did not elaborate on the union’s issues of concern, but said it is in dialogue with union leadership to “seek a timely... 

Zambezi Protocol providing strategic direction to identity-changing Chamber of Mines 

By: Martin Creamer     29th May 2017 The 128-year-old Chamber of Mines of South Africa provided an important indicator of its intended new direction when it revealed that the Zambezi Protocol would be its guiding light as it embarked on its identity and name-change programme. Under unanimously elected new president of Mxolisi Mgojo,... 

Zambezi Protocol providing strategic direction to identity-changing Chamber of Mines
Mining Weekly Online’s Martin Creamer asks new Chamber of Mines office bearers to spell out the influential institution’s decision to change its 128-year-old name and identity. Photographs and Video: Duane Daws. Video Editing : Lionel d Silva.

BHP CEO tells investors options for US shale under review

By: Bloomberg     29th May 2017 BHP Billiton is assuring shareholders that it’s exploring numerous options for its contentious US shale unit amid pressure from activist investor Elliott Management to carry out a wider review of petroleum operations. In a series of meetings in Australia last week, CEO Andrew Mackenzie stressed... 

BHP CEO tells investors options for US shale under review
BHP CEO Andrew Mackenzie

Moody's sees Glencore paying up to $6bn in possible Bunge deal

By: Reuters     27th May 2017 Miner and trader Glencore may pay up to $6-billion in cash in a possible tie-up with US grains trader Bunge based on current valuations, Moody's ratings agency said on Friday, but said it did not expect an outright acquisition. Glencore said this week it had made an informal approach to discuss... 

IDM completes Red Mountain acquisition from Seabridge Gold

By: Henry Lazenby     27th May 2017 Exploration and development company IDM Mining has completed the acquisition of the high-grade Red Mountain project, in British Columbia, from Seabridge Gold. TSX-V-listed IDM acquired the 100% interest, subject to certain underlying agreements and royalties, under an April 2014 option agreement. 

Canada publishes rules to reduce oil and gas sector methane emissions, air pollution

By: Henry Lazenby     26th May 2017 Canada has introduced new rules aimed at reducing methane emissions and cutting air pollution from its significant oil and gas industry, a move that met with mixed reaction from the industry itself. Minister of Environment and Climate Change Catherine McKenna introduced the new regulation on... 

Canada publishes rules to reduce oil and gas sector methane emissions, air pollution

Northern Vertex, Greenstone partner to accelerate Moss mine development; US gold consolidation

By: Henry Lazenby     26th May 2017 Canadian project developer Northern Vertex Mining and Guernsey-based private equity fund Greenstone Resources has formed a partnership that will strengthen Northern Vertex’s balance sheet and expedite construction, procurement and staffing initiatives as the company works up to declaring... 

Codelco's Q1 output falls, but higher copper price boosts profits

By: Reuters     26th May 2017 Chile's state-run Codelco said on Friday that its copper output in the first quarter slid 11% from a year ago, as ore grades decline at its ageing mines, but an incipient recovery in copper prices boosted its profits. Codelco, the world No 2 copper miner, said output in the three months to... 

Diamond industry faces headache as key US market takes a knock

By: Bloomberg     26th May 2017 In the diamond industry, the only place that really matters is the US, and the market is starting to look a little shaky. In a country where consumers buy almost half the world’s gems, Tiffany & Co. and Signet Jewelers this week reported disappointing sales. That’s a blow to expectations that... 

Low platinum price boosting platinum jewellery demand

By: Martin Creamer     26th May 2017 The low platinum price incentivised manufacturers and retailers to stock and sell platinum, leading to an overall growth of 5.4% in the US last year, Platinum Guild International said on Friday, with lower-based retail sales in India soaring 11.4%. In its Platinum Jewellery Business Review, the... 

Low platinum price boosting platinum jewellery demand
Platinum jewellery sales up in US, India, Japan.

Alba to embark on Amitsoq work programme in June

By: Megan van Wyngaardt     26th May 2017 Greenland-focused graphite miner Alba Mineral Resources has completed its consultation phase with the country’s Mineral and Licensing Safety Authority, allowing it to embark on a work programme at its Amitsoq project. The programme, to take place over June and July, is designed to verify the... 

SA Mint should review Mandela coin plans after Royal Mint blazes new platinum coin trail

By: Martin Creamer     26th May 2017 The decision of the Royal Mint, in the UK, to launch its first-ever platinum bullion products has rekindled hopes that the South African Mint will wipe the dust off its plans for a Mandela coin in platinum and mimic some of its gold coin success. In what is potentially a beneficial measure to... 

SA Mint should review Mandela coin plans after Royal Mint blazes new platinum coin trail
Photo by Darlene Creamer
This week's Mining Weekly cartoon on prospect of launching a platinum Mandela coin.

Arconic shareholders elect three Elliott nominees to board

By: Reuters     26th May 2017 Specialty metals producer Arconic Inc said its shareholders had elected three of Elliott Management Corp's nominees to its board of directors, based on a preliminary vote count following the company's annual meeting on Thursday. Elliott, a New York hedge fund run by billionaire Paul Singer,... 

Chilean copper miner Codelco preparing local bond issue – agency

By: Reuters     26th May 2017 Chile's state-run Codelco, one of the world's biggest copper producers, is readying a domestic bond issue that will allow it to refinance its debt and fund investments, a local ratings agency said on Thursday. Codelco was in the process of registering a new debt issue worth some $1.6-billion,... 

Up to 6% of Barrick’s 2017 output impacted by Tanzania ore export ban

By: Henry Lazenby     26th May 2017 The world’s largest gold producer by volume, Canada’s Barrick Gold, on Thursday revealed that up to 6% of its attributable output could be affected by the ongoing ban on mineral concentrate exports affecting the operations of its 63.9% subsidiary Acacia Mining, in Tanzania. Acacia’s Bulyanhulu... 

Tsodilo gains Orapa kimberlite field exploration permit

By: Henry Lazenby     26th May 2017 Diamond explorer Tsodilo Resources has been granted an exploration permit in Botswana to look for diamond-bearing kimberlites in the prolific Orapa kimberlite field (OKF). The TSX-V-listed diamond and metals exploration company has gained access to one of the most significant diamond producing... 

Peru allows Bear Creek to recover Corani tax

By: Henry Lazenby     26th May 2017 TSX-V-listed project developer Bear Creek Mining has signed an agreement with the Peru Ministry of Energy and Mines (MEM) and ProInversion (an agent for the Peru government) that allows the company to recover, at its option and on an accelerated basis, the 18% taxes applied to engineering and... 

OceanaGold enters option accord for Mirasol's La Curva project, Argentina

By: Henry Lazenby     25th May 2017 Midtier miner OceanaGold has signed an option agreement with prospect generator Mirasol Resources, under which it to acquire up to 75% of the project in five stages. The definitive agreement requires multinational OceanaGold, with operations in New Zealand, Australia and the US, to make a... 

Strike impacts Freeport's Grasberg mine, workers 'resigned'

By: Reuters     25th May 2017 Freeport McMoRan said on Thursday that mining and milling rates at its Grasberg copper mine, in Papua, Indonesia, have been affected as some 9 000 workers stage an extended strike, and a "large number" of approximately 4 000 absentee workers were deemed to have resigned. Escalating tensions with... 

Strike impacts Freeport's Grasberg mine, workers 'resigned'
Photo by Bloomberg
Grasberg semi-autogenous grinding mills, Indonesia

Forevermark celebrates diamond inscription milestone

By: Megan van Wyngaardt     25th May 2017 The De Beers’ Forevermark diamond brand has inscribed its two-millionth diamond – a 3.48 ct round brilliant, bearing ‘2,000,000’. The diamond was mined, cut and polished in Namibia and inscribed at the Forevermark Diamond Institute in Surat, India. It will be set in a piece of jewellery at the... 

Forevermark celebrates diamond inscription milestone

Implats launches dual convertible bond offerings

By: Martin Creamer     25th May 2017 Platinum mining company Impala Platinum (Implats) on Thursday launched dual convertible bond offerings to enhance the company’s short-to-medium term liquidity and maintain its strong financial position. Johannesburg Stock Exchange-listed Implats, headed by new CEO Nico Muller, is offering up to... 

Implats launches dual convertible bond offerings
Photo by Duane Daws
Implats CEO Nico Muller

LBMA launches code of conduct for precious metals markets

By: Reuters     25th May 2017 The London Bullion Market Association (LBMA) is launching a code of conduct aimed at boosting confidence in the $5-trillion a year London gold market, it said on Thursday, following years of heightened regulatory scrutiny of the city's financial sector. The guidelines set out best practice in... 

LBMA launches code of conduct for precious metals markets

Canada Strategic Metals gains Quebec district-scale greenstone belt land package

By: Henry Lazenby     25th May 2017 Junior explorer Canada Strategic Metals has acquired three new high-potential properties named Annabelle, Blanche and Charles, covering large greenstone belt districts on the Eastmain and La Grande volcanic belts, in the James Bay area of Quebec. The ground acquired covers more than 75 km2 of the... 

Teck Resources says does not expect snow melt to materially affect copper mine

By: Reuters     24th May 2017 Canadian miner Teck Resources does not expect a material impact on production at its Highland Valley copper unit because of unusual spring weather earlier in May, a spokesperson said on Wednesday. The Vancouver-based company said on May 7 that rapidly melting snow had caused water to flow into... 

Sibanye appoints Maziya as nonexecutive director

By: Henry Lazenby     24th May 2017 JSE- and NYSE-listed Sibanye Gold has appointed Savannah Maziya as a nonexecutive director following the resignation of Christopher Chadwick with effect from Tuesday. The South African multinational miner selected Maziya for her wealth of experience in the finance, mining, infrastructure and... 

NGO sues Guatemala mining Ministry for issuing Escobal licence

By: Henry Lazenby     24th May 2017 TSX- and NYSE-listed Tahoe Resources reported Wednesday that a Guatemala-based nongovernmental organisation (NGO) has filed a claim against the Guatemalan Ministry of Energy and Mines (MEM), alleging that the Ministry failed to consult with a local indigenous group before granting the mining... 

NGO sues Guatemala mining Ministry for issuing Escobal licence
Photo by Tahoe Resources
Escobal, Guatemala

Access to First Majestic’s La Encantada mine blocked by rogue protestors

By: Henry Lazenby     24th May 2017 A group of rogue unionised employees at First Majestic Silver’s La Encantada mine, in Mexico, has formed an illegal blockade, blocking access to the mine and forcing operations to a halt, the company reported Wednesday. These rogue workers cited disagreement with the most recent bonus pay-out,... 

Westhaven adds 2 738 ha land package to substantial BC landholdings

By: Henry Lazenby     24th May 2017 TSX-V-listed project developer Strongbow Exploration has agreed to sell its 65.74% interest in the Skoonka Creek gold property, located within the prospective Spences Bridge gold belt (SBGB), in British Columbia, to Westhaven Ventures. Strongbow's joint-venture partner on the Skoonka Creek... 

Glencore looking to expand agriculture business – CEO

By: Reuters     24th May 2017 Miner and trader Glencore is looking to expand its agriculture business via its partnership with two Canadian funds, the company's CEO said on Wednesday, but has no plans to move into any commodities it does not already trade. CEO Ivan Glasenberg was speaking a day after US grains trader Bunge... 

Mgojo elected president as chamber heads for new beginning, new name, rebranding

By: Martin Creamer     24th May 2017 It is an organisation that is more relevant today than it has ever been in its 128-year history. Its role is so much more than mining. It operates in a changing environment and needs to contemplate its own new identity and name. 

Mgojo elected president as chamber heads for new beginning, new name, rebranding
Photo by Duane Daws
New Chamber of Mines of South Africa president Mxolisi Mgojo

Sampling delivers positive results at Mkango’s Malawi project

By: Megan van Wyngaardt     24th May 2017 Recent sampling at dual-listed Mkango Resources’ Thambani heavy minerals project, in southern Malawi, has supported the project’s exploration potential, president Alexander Lemon said on Wednesday. He noted that not only were the uranium results highly encouraging, with assay results from 85 rock... 

Galane Gold looks to buy Vantage’s South African assets

By: Megan van Wyngaardt     24th May 2017 TSX-V-listed Galane Gold has entered into a letter of intent (LoI) with South African-focused Vantage Goldfields to acquire all of its outstanding shares. Vantage is an Australian company with mining assets in South Africa’s Barberton Greenstone Belt. 

Caledonia pursues listing on NYSE

By: Megan van Wyngaardt     24th May 2017 Caledonia Mining, which is listed on the Aim market of the LSE, as well as the OTCQX and TSX, on Wednesday said it was now seeking a fourth listing on the NYSE MKT. The gold miner, which owns 49% of the Blanket mine, in Zimbabwe, believes the listing will increase trading liquidity, while... 

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