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North America News

Pan American Silver develops La Morocha deposit to supplement Manantial Espejo feed

By: Henry Lazenby     22nd December 2017 A prefeasibility study on Pan American Silver's La Morocha deposit, which is part of the Joaquin project, located in Santa Cruz, Argentina, has recommended that the deposit be developed to provide supplemental ore feed for the Manantial Espejo mill. Vancouver-based Pan American said on Thursday... 

Money hungry Nautilus weighs funding options as project challenges mount

By: Henry Lazenby     22nd December 2017 Marine mining pioneer Nautilus Minerals is in active discussions with a range of potential financiers and shareholders to secure the funding required to start mining the Solwara 1 project, offshore Papua New Guinea (PNG), the company said on Thursday. The company has thus far been unsuccessful to... 

Money hungry Nautilus weighs funding options as project challenges mount

Pretium seeks to lift Brucejack production to 3 800 t/d

By: Henry Lazenby     22nd December 2017 TSX- and NYSE-listed miner Pretium Resources has submitted an application to the British Columbia Energy, Mines and Petroleum Resources and the province’s Environment and Climate Change Strategy Ministries to increase the Brucejack mine production rate to 3 800 t/d. The production increase will... 

Agnico Eagle strengthens development pipeline with Canadian exploration assets acquisition

By: Henry Lazenby     22nd December 2017 Gold miner Agnico Eagle has agreed to buy a suite of Canadian exploration assets from the 50/50-owned and operated Agnico/Yamana Gold joint venture Canadian Malartic Corporation (CMC), the companies announced on Thursday. Agnico will pay $162.5-million in cash for the transaction that is being... 

Rambler hits record throughput as Phase 2 ramp up nears completion

By: Henry Lazenby     22nd December 2017 During the month of November, copper and gold producer Rambler Metals and Mining has processed 33 870 t of ore through the Nugget Pond mill, at the Ming mine, in Newfoundland and Labrador. The throughput averaged 1 221 t/d during operational hours – a new record, the Aim- and TSX-listed company... 

Lithium rookie posts dizzying gain as promoter praises stock

By: Bloomberg     21st December 2017 The electric-vehicle revolution is propelling impressive gains in commodity and equity prices around the world, few more dizzying than Liberty One Lithium. The penny stock, which has changed its name twice since 2016 and is years away from an operating mine, surged 250% in October, when both the... 

Northern Dynasty ready to file application for Pebble’s US CWA 404 permit

By: Henry Lazenby     21st December 2017 Canadian project promoter Northern Dynasty Minerals announced on Thursday that its US-based subsidiary Pebble Limited Partnership (PLP) is ready to file an application for a US Clean Water Act (CWA) 404 permit with the US Army Corps of Engineers on Friday. “At the outset of 2017, we established... 

Northern Dynasty ready to file application for Pebble’s US CWA 404 permit

Global copper deficit grows to 181 000 t during first three quarters of 2017

By: Henry Lazenby     21st December 2017 The global copper supply deficit has grown to 181 000 t during the first three quarters of 2017. According to the latest assessment conducted by the Lisbon, Portugal-based International Copper Study Group (ICSG), stagnant refined copper supplies, in combination with strong Chinese apparent usage... 

Global copper deficit grows to 181 000 t during first three quarters of 2017

SP Angel outlines key 2018 trends as battery raw materials heat up

By: Creamer Media Reporter      21st December 2017 London-based brokerage SP Angel has outlined the key trends that characterised the basket of energy metals during 2017 and the the outlook for 2018 in its new ‘Battery Raw Material Review, Outlook – SP Angel Commodity Research Book’ published on Wednesday. The report pointed out that the... 

SP Angel outlines key 2018 trends as battery raw materials heat up

Trump signs order to boost US production of critical minerals

By: Bloomberg     21st December 2017 President Donald Trump signed an executive order to reduce dependency of critical minerals used in everything from batteries to phones. “The comprehensive order aims to identify new sources of critical minerals, ensure miners and producers have access to the best data, and streamline the leasing... 

Alderon resolves Kami’s Sept-Îles take-or-pay headache

By: Henry Lazenby     20th December 2017 Iron-ore project developer Alderon Iron Ore has reached an agreement with the Sept-Îles Port Authority to resolve a take-or-pay obligation for reserved annual iron-ore loading capacity. In lieu of any further take-or-pay obligations, the port authority will hold on to the C$20.46-million security... 

Philippines miners adopt Canadian mining sustainability principles

By: Henry Lazenby     20th December 2017 The Chamber of Mines of the Philippines (COMP) has announced that it will adopt a mining sustainability standard developed by the Mining Association of Canada, called the Towards Sustainable Mining (TSM) initiative. The announcement made the Philippines the first Southeast Asian nation to adopt... 

Zimnisky Diamond Price Index rises as demand improves

By: Henry Lazenby     20th December 2017 The Zimnisky Global Rough Diamond Price Index has gained 2.7% up to mid-December, with polished prices are down 3.5% in the same period, diamond analyst Paul Zimnisky said in a new blog post. The reason for this, according to the New York-based analyst, is that 2017 has been a year of excess... 

Zimnisky Diamond Price Index rises as demand improves

Eldorado agrees to extend Greek arbitration period

By: Henry Lazenby     20th December 2017 Canadian miner Eldorado Gold has agreed to extend the 90-day arbitration period by 60 days to April 6, 2018. The Greek arbitration panel hearing a complaint by the country’s Finance, and Environment and Energy Ministries against the company's subsidiary Hellas Gold requested the extension. 

Trade union positive about Lonmin’s Sibanye-Stillwater acquisition

By: Creamer Media Reporter      19th December 2017 Trade union Solidarity is positive about platinum producer Lonmin's R5-billion acquisition by Sibanye-Stillwater, announced on December 14. Lonmin, one of the world’s largest platinum producers, has been under severe pressure this year owing to capital structuring and liquidity concerns. Low... 

Acacia to sell Burkina Faso asset for $45m to Canada's Sandstorm Gold

By: Reuters     19th December 2017 Acacia Mining said on Tuesday it would sell its 2% royalty over the Houndé mine in Burkina Faso for $45-million to Sandstorm Gold. The deal is expected to close early in the first quarter of 2018. 

Acacia to sell Burkina Faso asset for $45m to Canada's Sandstorm Gold

Avesoro Resources completes acquisition of West African gold mines

By: Megan van Wyngaardt     19th December 2017 Dual-listed West African gold producer Avesoro Resources has completed its acquisition of the Youga gold mine and Balogo gold mine from Avesoro Jersey, while a concurrent placing of new common shares raised £15.2-million This completion represents a transformational acquisition for the Company... 

BHP says likely to quit global coal lobby group

By: Reuters     19th December 2017 Global miner BHP Billiton said on Tuesday it has taken a preliminary decision to quit the World Coal Association citing disagreement over climate change, and might also withdraw from the US Chamber of Commerce over mining industry rules. BHP, which has largely quit mining coal for power plants... 

BHP says likely to quit global coal lobby group

Battery Minerals reaches milestone agreement

By: Megan van Wyngaardt     19th December 2017 ASX-listed Battery Minerals has reached another major milestone in its strategy to become a global graphite supplier to the lithium battery industry, signing a binding sales agreement with a leading US-based graphite processor. The binding offtake agreement covers up to 11 000 t/y of graphite... 

Rio recalibrating understanding of Africa, working on Africa strategy 

By: Martin Creamer     19th December 2017 Diversified mining company Rio Tinto is recalibrating its understanding of Africa and working on an Africa strategy that is scheduled to be presented to the company’s executive committee next year. The company, which has the Rössing Uranium Mine in Namibia, Richards Bay Minerals (RBM) in South... 

Rio recalibrating understanding of Africa, working on Africa strategy
Rio Tinto VP Corporate Relations Africa Lawrence Dechambenoit talks to Mining Weekly Online’s Martin Creamer on Rio Tinto’s activities in South Africa and Africa. Photographs: Duane Daws. Video: Nicholas Boyd. Video Editing: Lionel de Silva

Tokyo Electric says Canada's Cameco seeks $682m in damages

By: Creamer Media Reporter      19th December 2017 Japan's Tokyo Electric Power (Tepco) has revealed that Canadian uranium major Cameco is seeking $681.9-million in damages following a dispute that has driven the former partners to international arbitration. News agency Reuters reported from Tokyo, Japan, that Tepco has confirmed receipt of a... 

Tokyo Electric says Canada's Cameco seeks $682m in damages

Namibia Rare Earths bags Lofdal enviro clearance

By: Henry Lazenby     19th December 2017 The Namibian Environment Ministry has cleared TSX-V-listed project promotor Namibia Rare Earths’ (NRE’s) Lofdal heavy rare earth project for mining and processing operations and for a planned power and water line corridor, the company announced on Monday. 

Semarnat issues Great Panther with Topia Phase 2 tailings permit

By: Henry Lazenby     19th December 2017 The Mexican environmental authority Semarnat has granted Great Panther Silver all the permits required to build and operate the new Phase II tailings storage facility (TSF) at its Topia mine, in Durango state, Mexico. The Vancouver-based company said on Monday that the permits, in combination... 

First Quantum breathes new life into Northern Dynasty’s Pebble project

By: Henry Lazenby     18th December 2017 Base metals miner First Quantum Minerals has signed a framework agreement with Northern Dynasty Minerals to work on formalising an option on the controversial Pebble copper/gold project, in south-east Alaska. The announcement on Monday breathes new life into the project billed as the largest... 

First Quantum breathes new life into Northern Dynasty’s Pebble project

Miners to focus on M&A activity, sustainability in year ahead

By: Megan van Wyngaardt     18th December 2017 Nearly two-thirds, or 63%, of mining and metals respondents to the latest EY Capital Confidence Barometer (CCB) say they intend to pursue deals in the next 12 months, demonstrating a higher inclination to transact than the average across all industries (56%). The findings support the EY third... 

Corsa Coal rises 23% on strong 2018 production outlook

By: Henry Lazenby     16th December 2017 The TSX-V-listed stock of Corsa Coal rallied as much as 23% on Friday following a company announcement calling for a much stronger metallurgical coal production outlook in 2018 and an overall increase in premium low volatile metallurgical coal sales. “In 2018, Corsa is guiding towards... 

Corsa Coal rises 23% on strong 2018 production outlook

Bacanora signs deal to develop Sonora project

By: Megan van Wyngaardt     15th December 2017 Dual-listed lithium miner Bacanora Minerals and Chinese institutional fund management group NextView Capital have signed an agreement which would see the latter acquire a 19.89% equity interest in Bacanora through the placement of 32.97-million common shares at a price of 94.53p apiece. The... 

Australia cobalt rush accelerates on electric vehicle demand, DRC troubles

By: Reuters     15th December 2017 Australia, home to the world's second-biggest cobalt reserves, is seeing a rush of interest in projects still years from production as makers of batteries used in electric vehicles (EVs) seek supplies of the metal from a more costly but less risky source than top miner, the Democratic Republic of... 

RNC raises funding to support WA nickel ramp up

By: Creamer Media Reporter      15th December 2017 TSX-listed RNC Minerals has restructured a loan and raised additional funds to support the nickel ramp up at its Western Australia-based Beta Hunt mine, where it aims to double production to four-million pounds next year. The company announced this week that it had restructured its financing... 

Rio Tinto not expected to relinquish interest in Freeport Indonesia until 2022 – govt official

By: Reuters     15th December 2017 Rio Tinto is not expected until 2022 to relinquish its interest in the giant Grasberg copper mine in Indonesia operated by the local unit of Freeport McMoRan, a government official said on Friday. "In 2022 it will automatically convert to a shareholding," the official said, referring to Rio's... 

Space mining is getting close to reality 

By: Rebecca Campbell     15th December 2017 Space mining – the mining of bodies and other worlds in outer space for minerals and other natural resources – remains within the realm of science fiction. For now. But, during the younger years of most of the world’s current senior mining executives, personal communication devices (cellphones)... 

Space mining is getting close to reality

BC govt refuses KGHM’s Ajax environmental permit

By: Henry Lazenby     15th December 2017 The British Columbia provincial government on Thursday refused to issue Polish base metals miner KGHM Polska Miedź’s Ajax copper/gold mine a provincial environmental certificate, saying the adverse effects of the project outweigh the potential benefits. The news is a blow to the nearby City of... 

BC govt refuses KGHM’s Ajax environmental permit

IHS Materials Price Index buoyant on strong commodity rally

By: Henry Lazenby     15th December 2017 The materials price index (MPI) from Global Insight by IHS Markit has gained a strong 1.3% last week, hitting its highest level since late 2014 the company reported on Thursday. Three categories led gains, including ferrous metals, rubber and freight, all of which posted large jumps, according to... 

Dalradian drilling shows potential for mechanised mining at Curraghinalt

By: Megan van Wyngaardt     14th December 2017 Drilling results from an ongoing programme at dual-listed Dalradian Resources’ Curraghinalt gold deposit in Northern Ireland, have highlighted numerous areas within the deposit that could be converted to lower-cost mechanised mining. “The rock strength is much better than originally modelled,”... 

Sibanye-Stillwater to acquire embattled Lonmin, completes PGMs strategy

By: Mia Breytenbach     14th December 2017 Precious metals mining company Sibanye-Stillwater has made an all-share offer to acquire platinum group metals (PGMs) producer Lonmin. The offer values Lonmin at about £285-million, or R5.15-billion. 

Sibanye-Stillwater to acquire embattled Lonmin, completes PGMs strategy
Photo by Duane Daws
Sibanye-Stillwater CEO Neal Froneman and Lonmin CEO Ben Magara

Conglomerate-gold hopeful Novo granted tenements for Comet Well

By: Mariaan Webb     14th December 2017 TSX-V-listed Novo Resources has been granted tenements at the conglomerate-hosted gold discovery Comet Well, south of Karratha, Western Australia. The granting of the tenements by the Department of Mines, Industry Regulations and Safety entitles Novo to start exploration aimed at satisfying... 

Electronic waste at new high, squandering gold, other metals – study

By: Reuters     14th December 2017 Electronic waste rose to a record 45-million tonnes worldwide in 2016, squandering valuable metals such as gold and copper since few trashed televisions, cellphones or other products get recycled, a UN-backed study showed on Wednesday. Rising incomes and falling prices for everything from solar... 

Fed spells relief for gold traders worried over rate-hike pace

By: Bloomberg     14th December 2017 Spot gold headed for the biggest gain in three weeks after Federal Reserve officials stuck with a projection for three interest-rate increases in the coming year, easing concerns that quickening economic growth would spur an even faster pace of monetary tightening. By a 7-2 vote, the Fed on... 

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