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North America News

Water recovery issue keeps Diamcor’s Krone-Endora at Venetia project from full potential

By: Henry Lazenby     14th December 2017 Inadequate recoveries of water from project developer Diamcor Mining’s Krone-Endora at Venetia project's settling dams continues to hinder the project from reaching design capacity, resulting in lower output, the company announced on Wednesday. The Kelowna, British Columbia-based company advised... 

Sonora feasibility study places Bacanora among the world’s top lithium suppliers

By: Samantha Herbst     13th December 2017 Aim- and TSX-V-listed Bacanora Minerals’ Sonora lithium project, located in Mexico’s northern Sonora state, has the potential to become a significant supplier of battery-grade lithium to growing industries like electric vehicles (EVs) and energy storage, according to Bacanora CEO Peter Secker.... 

Sonora feasibility study places Bacanora among the world’s top lithium suppliers

Moody’s sees stable year ahead for base metals, but also expects some risk factors

By: Megan van Wyngaardt     13th December 2017 Ratings agency Moody’s believes 2018 will be a year of relative stability for the global base metals industry after some recovery was experienced this year. In a 2018 outlook analysis, released on Wednesday, the agency noted that these improved supply/demand fundamentals would hold on the back of... 

Moody’s sees stable year ahead for base metals, but also expects some risk factors

Paringa starts vertical construction of Poplar Grove preparation plant

By: Megan van Wyngaardt     13th December 2017 Vertical construction of a preparation plant at ASX-listed Paringa Resources’ Poplar Grove coal mine, in the Illinois basin, in Kentucky, has started with completion on track for the third quarter of 2018, the company reported on Wednesday. Initial internal equipment has been delivered, while... 

Macron's climate summit draws pledges to make coal a risky bet

By: Bloomberg     13th December 2017 Some of the world’s biggest investors turned their backs on US President Donald Trump’s plan to revive the coal industry, pledging to divest from fossil fuels at a conference organised by French President Emmanuel Macron. The One Planet Summit in Paris was designed to galvanise support for the... 

Macron's climate summit draws pledges to make coal a risky bet

Canada to create overseas mining watchdog early in 2018

By: Reuters     13th December 2017 Ottawa plans early next year to create an independent office to oversee Canadian mining, oil and gas companies' activities abroad, a government spokesman said on Tuesday, a move that environmental and human rights groups have long demanded. The office would have both an "advisory and robust... 

Newmont CEO Goldberg inducted into American Mining Hall of Fame

By: Henry Lazenby     12th December 2017 The American Mining Hall of Fame has inducted US-based gold producer Newmont Mining’s president and CEO Gary Goldberg into its illustrious ranks. Goldberg has been honoured by his peers for outstanding contributions to the mining industry and the award honours his accomplishments over the course... 

Cleveland-Cliffs picks up substantial Minnesota iron-ore landholdings

By: Henry Lazenby     12th December 2017 NYSE-listed iron-ore producer Cleveland-Cliffs has acquired extensive iron-ore landholdings in Minnesota that could in the future serve to replace depleted resources. Cleveland, Ohio-based Cliffs has completed the acquisition of interests located in Itasca County, west of Nashwauk, Minnesota,... 

Lupaka upgrades Invicta road as a critical step towards imminent production

By: Henry Lazenby     12th December 2017 Peru-focused gold explorer and project developer Lupaka Gold has appointed a contractor to expand, enhance, and modify 27 km of road starting from the paved Huacho-Churin-Oyon highway, located at about 1 500 m above sea level, up to the Invicta project, located at about 3 500 m above sea level.... 

Agrium expands retail reach in Australia with Macrofertil acquisition

By: Henry Lazenby     12th December 2017 TSX- and NYSE-listed fertiliser giant Agrium Inc has reached a definitive agreement with Louis Dreyfus Company (LDC) for the acquisition of Macrofertil, a fertiliser distribution business in Australia with about $120-million in yearly sales. Agrium subsidiary Landmark Operations will take control... 

Glencore guiding soaring 2018 earnings

By: Martin Creamer     12th December 2017 Diversified mining and marketing company Glencore sees itself as being best placed for the electric vehicle revolution through its ‘tier 1’ copper, cobalt, nickel, zinc and thermal coal assets. The company said in an investor day update on Tuesday that sustainably low-cost and long-life first... 

Glencore guiding soaring 2018 earnings
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Seasonal battery demand, tight supply to buoy lead prices

By: Reuters     12th December 2017 Seasonally strong demand from battery makers, tight supplies caused by mine shutdowns and dwindling inventories in London Metal Exchange warehouses are expected to sustain lead prices, which recently hit six-year highs. Benchmark lead on the London Metal Exchange at around $2 500/t is up about... 

De Beers notes continued good demand for rough diamonds

By: Creamer Media Reporter      12th December 2017 Continued stable demand for diamonds resulted in De Beers generating $450-million in its tenth sales cycle of the year. This compares with the $466-million generated in the ninth sales cycle of this year and the $422-million earned in the tenth sales cycle of 2016. 

Gold inches up from near 5-month low ahead of Fed meeting

By: Reuters     12th December 2017 Gold was slightly higher on Tuesday, just up from its lowest in nearly five months in the previous session, and ahead of the start of a two-day US Federal Reserve meeting. Spot gold rose 0.2% to $1 244.30 an ounce by 03:50 GMT, after hitting its lowest since July 20 at $1240.10 on Monday. 

Congo mines say revised code threatens industry's future

By: Reuters     12th December 2017 Mining companies in Democratic Republic of Congo said on Monday that proposed changes to the mining code adopted by the lower house of parliament last week would do lasting damage to investment in Africa's top copper producer. The process of revising the 2002 mining code in Congo has dragged on... 

Bitcoin contracts still pipsqueaks in world of commodity futures

By: Bloomberg     12th December 2017 The first reliable lens into tick-by-tick liquidity for bitcoin shows a financial commodity that is still a baby relative to its peers. From 6 pm Sunday to 9:30 am Monday in New York, 2 923 contracts changed hands in a total of 2 494 trades, representing an overall value of $50.2-million, data... 

Trevali discovers significant new massive sulphide zone at New Brunswick-based Caribou mine

By: Henry Lazenby     12th December 2017 Zinc producer Trevali Mining has discovered a significant new body of massive sulphide mineralisation containing significant zinc-rich polymetallic intervals at the Caribou zinc mine, in the Bathurst Mining Camp of New Brunswick. The additional mineralisation substantiates Trevali's decision to... 

Trevali discovers significant new massive sulphide zone at New Brunswick-based Caribou mine
Photo by Trevali Mining
The Caribou mine, in New Brunswick

Kirkland Lake disposes of Australian Stawell assets

By: Henry Lazenby     11th December 2017 Triple-listed Kirkland Lake Gold has agreed to sell affiliate Stawell Gold Mines to private firm Arete Capital Partners. Stawell Gold Mines, which holds the Stawell gold mine, located in Victoria, Australia, will pay $6.25-million in cash for the assets, with Kirkland set to retain a 2.5% net... 

Cameco, Kazatomprom restructure JV Inkai

By: Henry Lazenby     11th December 2017 Canadian uranium producer Cameco and the National Atomic Company of the Republic of Kazakhstan (Kazatomprom) have agreed to restructure their joint venture over the Inkai in situ recovery uranium mine, in south Kazakhstan. Kazatomprom CEO Galymzhan Pirmatov and Cameco president and CEO Tim Gitzel... 

Rusoro wins $1.3bn judgment against Venezuela

By: Henry Lazenby     11th December 2017 Mining junior Rusoro Mining last week won a major victory in its international arbitration complaint against Venezuela, when the Superior Court of Justice in Ontario issued a default judgment owing to Venezuela’s failure to appear. TSX-V-listed Rusoro advised that the judgment was for more than... 

Trade union wins temporary random drug testing victory against Suncor

By: Henry Lazenby     11th December 2017 Unionised workers at Suncor’s Wood Buffalo operations, in northern Alberta, won an important victory last week regarding random drug testing by their employer, Suncor Energy. The Court of Queen's Bench of Alberta issued an injunction on Suncor on Thursday, prohibiting the employer from randomly... 

Trade union wins temporary random drug testing victory against Suncor

Crucial for commodity countries to build economic resilience – Unctad 

By: Martin Creamer     11th December 2017 Without policy change, commodity-dependent developing countries risk falling short of achieving their sustainable development goals (SDGs) by 2030, United Nations Conference on Trade and Development (Unctad) economic affairs officer Stefan Csordas warned on Monday. Unctad and the Food and... 

Crucial for commodity countries to build economic resilience – Unctad
Unctad’s Stefan Csordas discusses commodities report with Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Lionel de Silva.

Cyril Ramaphosa calls for mining sector action 

By: Martin Creamer     11th December 2017 South Africa must urgently break the ongoing deadlock on the regulation and transformation of the mining sector to ensure the proper use of this country’s world-class mineral resources, says Deputy President Cyril Ramaphosa. In an article on the CR17 Siyavuma campaign website, ahead of this... 

Cyril Ramaphosa calls for mining sector action
Photo by Duane Daws
Deputy President Cyril Ramaphosa

Mkango receives conditional TSX-V approval for Talaxis transaction

By: Mia Breytenbach     11th December 2017 The TSX-V has conditionally accepted dual-listed Mkango Resources’ transaction with Noble Group subsidiary Talaxis, which will invest £12-million to fund a bankable feasibility study (BFS) at Mkango’s Songwe Hill rare-earth project in Malawi. "We are very pleased to announce conditional... 

Sayona embarks on DFS for Canada lithium project

By: Natasha Odendaal     11th December 2017 ASX-listed Sayona Mining has started a definitive feasibility study (DFS) for the Authier lithium project, in Canada, after an optimised prefeasibility study (PFS) reiterated “excellent returns”. The PFS, incorporating an updated ore reserve and mineral resource, estimated low start-up capital... 

Barrick approves exploration funding for Guyana earn-in

By: Creamer Media Reporter      11th December 2017 US gold major Barrick Gold has elected to continue funding the Arakaka gold project, in Guyana, in which it could earn up to 65% by spending $10-million. ASX-listed junior Alicanto Minerals, which is the operator of the Arakaka project, said on Monday that Barrick had agreed to fund the third... 

Cobalt 27 adds more than 700 t cobalt metal to stockpile at $36/lb

By: Henry Lazenby     9th December 2017 Cobalt direct investment vehicle Cobalt 27 has announced that it plans to add about 720 metric tonnes of physical cobalt metal to its current stockpile of just under 2 200 t. The Toronto-headquartered company said on Thursday it has entered an agreement with a syndicate of underwriters co-led by... 

Condor Gold focused on resource expansion as permitting delay weighs

By: Henry Lazenby     9th December 2017 Despite permit delays, it’s been a good year for Condor Gold as it continues work on proving up a large commercial reserve on its 100%-owned La India project, in Nicaragua. Chairperson and CEO Mark Child is currently on a three-week visit to Nicaragua to smooth over relations with the government... 

First mover Noront shifts RoF focus to Cu/Zn exploration

By: Henry Lazenby     8th December 2017 With the first commitments in place to build roads into Northern Ontario’s emerging Ring of Fire (RoF) mining camp, regional first mover Noront Resources is taking the opportunity to continue to build out its inventory of polymetallic resources by prioritising copper/zinc targets for exploration... 

First mover Noront shifts RoF focus to Cu/Zn exploration

Owner’s engineer role by ‘Proudly South African’ Erudite pleasing Perth 

By: Martin Creamer     8th December 2017 New ‘Proudly South African’ start-up Erudite Strategies has hit a rich vein of acceptance in Australia, where investors in junior mining projects in Africa are showing alacrity in taking up its unique client representative and owner’s engineer offering. Each of Erudite’s three leading lights has... 

Owner’s engineer role by ‘Proudly South African’ Erudite pleasing Perth
Mining Weekly Online’s Martin Creamer interviews Johann de Bruin, the founding director of the new project engineering company Erudite. Video: Nicholas Boyd. Video Editing: Nicholas Boyd and Lionel da Silva.

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent ones, thereby reflecting a degree of positivity, as well as signs of growth. This also points to untapped potential that is ready to be unlocked through increased investment upstream and... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

South32 tops up shareholding in Arizona Mining

By: Mariaan Webb     8th December 2017 Australia-headquartered South32 has bought another C$4.5-million worth of shares in Arizona Mining. Arizona Mining, which is advancing the Hermosa project near Tucson, Santa Cruz, said on Thursday that South32 had agreed to subscribe for an additional 1.43-million shares at C$3.14 a share. 

South32 tops up shareholding in Arizona Mining
Graham Kerr

IHS Materials Price Index chalks up fourth weekly gain

By: Henry Lazenby     8th December 2017 The materials price index (MPI) from Global Insight by IHS Markit has reported the fourth week of consecutive gains, adding 0.5% last week. IHS Markit economist Cole Hassay said the increase was more broadly based than in recent weeks, with six of the ten subcomponents rising. Freight and ferrous... 

Minera Alamos uncovers new gold system at La Fortuna

By: Henry Lazenby     8th December 2017 A compilation of historic information for the extended Minera Alamos project area has found evidence for significant near surface disseminated gold/silver mineralization with “heap leach style” intervals of up to 50 m in width, TSX-V-listed Minera Alamos reported on Thursday. 

eCobalt switches strategic focus to cobalt concentrate, instead of sulphate

By: Henry Lazenby     8th December 2017 TSX-listed project developer eCobalt Solutions has decided to rather focus on producing a cobalt concentrate at its Idaho Cobalt Project (ICP), citing a reduced premium on cobalt sulphate on the back of Chinese capacity consolidation, cost reduction and production increases. “Due to these... 

NEB declares Trans Mountain Pipeline exempt of Burnaby bylaws

By: Henry Lazenby     8th December 2017 Canada’s federal endowed National Energy Board (NEB) issued an order on Thursday, declaring that Kinder Morgan’s C$7.4-billion Trans Mountain Expansion project is not required to comply with two sections of the City of Burnaby’s bylaws as the company prepares to begin construction. 

NEB declares Trans Mountain Pipeline exempt of Burnaby bylaws

Vale sells last two Valemax vessels

By: Henry Lazenby     8th December 2017 Global iron-ore leader Vale has sold the last two of its former fleet of 19 Valemax vessels of 400 000 t capacity. The transaction with the nominees of the Bank of Communications Finance Leasing, netted Vale about $178-million. 

Vale sells last two Valemax vessels

Exploration for, and production of, valuable minerals in Mozambique continue to advance

By: Keith Campbell     8th December 2017 There have been a number of recent developments involving smaller mining companies, both local and foreign, in Mozambique recently. These involve both exploration and production activities.  

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