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North America News

Paramount founder Clayton Riddell dies

By: Creamer Media Reporter      17th September 2018 Founder and chairperson of Canadian natural gas resources firm Paramount Resources, Clayton Riddell, has died at 81. An icon of the Canadian oil patch, Riddell was a fervent advocate for the responsible development of Canada's natural resources and he epitomised the entrepreneurial spirit, the... 

Centerra secures short-term water sources for Mt Milligan

By: Mariaan Webb     14th September 2018 British Columbia regulators have granted TSX-listed Centerra Gold approval to pump additional water – although limited volumes – for its Mount Milligan mine. The approvals, which were received earlier than anticipated, allow Centerra to pump from groundwater wells within Mount Milligan’s... 

Centerra secures short-term water sources for Mt Milligan
Mt Milligan mine

Association expects lower tin consumption this year

By: Simone Liedtke     14th September 2018 Tin consumption is expected to be weaker this year, as a result of escalating trade tensions and macroeconomic developments, especially in China, where other factors are hindering growth, the International Tin Association (ITA) has found. ITA analyst Tom Mulqueen pointed out that the latest... 

Tsodilo's Botswana kimberlite project produces 44 ct

By: Schalk Burger     14th September 2018 TSX-listed Tsodilo Resources’ BK16 kimberlite project, in the Orapa kimberlite field, in Botswana, has produced a third parcel of diamonds, comprising 279 diamonds weighing 43.95 ct, the company said in a statement on Thursday. The diamondiferous BK16 kimberlite pipe is about 6 ha in size at... 

Tango’s African diamond focus grows

By: Schalk Burger     14th September 2018 TSX-listed Africa-focused Tango Mining on Thursday reported production since January of 941 ct of high-value diamonds from its Oena diamond mine, in the Western Cape. It also reported on progress at further diamond exploration projects in Angola, Liberia and Botswana. 

Growing demand for synthetics not a threat to natural diamonds

By: Nadine James     14th September 2018 Although the global diamond market is currently worth about $87-billion, laboratory-grown diamonds only constitute 2% of that market, or $1.9-billion, says New York-based independent diamond analyst Paul Zimnisky. While the laboratory-grown diamond jewellery market is forecast to grow to about... 

Growing demand for synthetics not a threat to natural diamonds

US iron miner helps launch ad campaign to sing tariff praises

By: Bloomberg     14th September 2018 Some US companies have reacted to the divisive issue of metal tariffs by saying as little as possible. Cleveland-Cliffs, on the other hand, has not only publicly backed the levies, now it’s putting up money to sing their praises. The US iron-ore producer says it’s deploying a promotional... 

Lundin Mining has hefty M&A appetite for copper, says incoming CEO

By: Reuters     14th September 2018 Canada's Lundin Mining is on the hunt for copper mines and projects and willing to spend up to $3-billion on mergers and acquisitions, its incoming CEO said in an interview on Thursday. But Lundin will stick with its strategy of disciplined bids and a focus on low-risk jurisdictions, Marie... 

Teck's copper project attracts interest before end-Sept deadline - sources

By: Reuters     13th September 2018 Mining companies and commodities trading houses are expected to table first-round offers by a September 28 deadline for a stake in Teck Resources' Quebrada Blanca copper mine expansion in northern Chile, two sources with knowledge of the matter said. Canada's Teck has said a development partner... 

Hurricane threatens US coking coal exports

By: Mariaan Webb     13th September 2018 Prices of metallurgical coal, used by steelmakers, are likely to rise if Hurricane Florence disrupts port operations at Virginia’s Hampton Roads for an extended time, Wood Mackenzie (Woodmac) said on Thursday. Hurricane Florence, which has been downgraded from a category four to a category two... 

Hurricane threatens US coking coal exports

De Beers wraps up Canada acquisition

By: Creamer Media Reporter      13th September 2018 Anglo America’s De Beers has completed the C$107-million acquisition of Peregrine Diamonds, with the TSX-listed company set to be delisted at the end of trading on Friday. The acquisition, announced in July, was approved by Peregrine securityholders on August 31 and by the Supreme Court of... 

Strong new collaboration with governments of South Africa, Zimbabwe – Implats 

By: Martin Creamer     13th September 2018 Platinum mining company Impala Platinum (Implats), which is collaborating closely with the South African government to preserve jobs at the heavily lossmaking Impala Rustenburg operation, is also working in very close cooperation with the government of Zimbabwe, where it has secured major tax... 

Strong new collaboration with governments of South Africa, Zimbabwe – Implats
Implats CEO Nico Muller interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer.

Gold Fields ranked top South African mining company, third best global gold company

By: Marleny Arnoldi     13th September 2018 JSE- and NYSE-listed Gold Fields has again been ranked the top South African mining company on the Dow Jones Sustainability Index (DJSI) benchmarking database. The DJSI scorecard for 2018, which was published on Thursday, shows that Gold Fields’ sustainability practices rank with the best of... 

Gold Fields ranked top South African mining company, third best global gold company
Photo by Creamer Media
Gold Fields CEO Nick Holland

Rising generations drive record diamond demand but require new approaches by industry

By: Rebecca Campbell     13th September 2018 The worldwide demand for diamond jewellery set a new record high of $82-billion in 2017, diamond giant De Beers reported in its “Diamond Insight Report 2018”. The driving forces behind this demand were Millennial and Generation Z (Gen Z) consumers, who, together, accounted for 66% of global... 

Rising generations drive record diamond demand but require new approaches by industry

Byproduct inclusion boosts US lithium project’s economics

By: Mariaan Webb     13th September 2018 The inclusion of byproducts, including quartz, feldspar and mica, has delivered “substantial economic benefits” to the north Carolina lithium project that ASX-listed Piedmont Lithium is studying in the US. An updated scoping study determined that the recovery and selling of byproducts that are... 

Power plant delays fuel tensions over Rio's giant Mongolia copper mine

By: Reuters     13th September 2018 Nearly 10 years on from the launch of a giant copper and gold project in Mongolia, Rio Tinto is still looking to secure a domestic power source it needs for the mine under an agreement with the government. Oyu Tolgoi, located in the South Gobi region near landlocked Mongolia's southern border... 

Power plant delays fuel tensions over Rio's giant Mongolia copper mine

Black Mountain buys idled nickel mine from Panoramic

By: Mariaan Webb     13th September 2018 US private equity firm Black Mountain announced on Thursday that it would buy the Lanfranchi nickel mine, near Kambalda, Western Australia, as it seeks to tap into the growing battery minerals market. The company will buy the idled Lanfranchi mine from Panoramic Resources for A$15.1-million in... 

Metallica and Melior merger creates diversified Qld mining firm

By: Mariaan Webb     13th September 2018 Brisbane-based resources firms Metallica Minerals and Melior Resources on Thursday announced a binding merger agreement, creating a diversified Queensland mining company with near-term production potential and a pipeline of future growth opportunities. The merger will combine mineral sands and... 

Metallica and Melior merger creates diversified Qld mining firm
The merged entity will own the near-production Goondicum project, in north Queensland.

Barrick to eliminate innovation role under decentralisation

By: Reuters     13th September 2018 Barrick Gold Corp will eliminate the executive role of chief innovation officer (CIO) as part of a broad decentralization push, the company said on Wednesday, adding that it will continue to work on innovation and productivity improvements. Barrick did not officially announce the change, which... 

Mercuria to grow iron-ore business with major financing of US mine

By: Reuters     12th September 2018 Global commodities trader Mercuria Energy Group is expanding its iron ore business with a $650-million financing package for US producer Mesabi Metallics in exchange for a majority stake in the firm, Mercuria said in a statement on Wednesday. The Geneva-based firm said it had signed a memorandum... 

Yamana Gold says Argentina export tax to impact on cash flow

By: Mariaan Webb     12th September 2018 Canadian miner Yamana Gold remains on track to deliver the previously flagged “step change” in cash flow, but warned on Wednesday that the new Argentina export tax would set back its plans. Last week, Argentina President Maurico Macri announced new taxes on exports as part of a larger plan aimed... 

Yamana Gold says Argentina export tax to impact on cash flow
The Gualcamayo mine.

Gold slips amid US-China trade war concerns

By: Reuters     12th September 2018 Gold fell on Wednesday, but remained stuck in a narrow trading range as investors worry about a simmering trade war between the United States and China. Spot gold was down 0.3% to $1 193.61 an ounce at 1200 GMT, after hitting its lowest since Aug. 24 at $1 187.21 on Tuesday. US gold futures eased... 

China expected to continue as major driver in global silver market – Silver Institute

By: Marleny Arnoldi     12th September 2018 China will continue to be a major driver in the global silver market for years to come, fueled by continued industrial demand and silver mining activity, says international industry association, the Silver Institute. “China is by far the largest consumer of silver globally, accounting for 18%... 

DRDGold projects boost Ergo efficiency, lower costs

By: Martin Creamer     12th September 2018 Three major projects completed by surface gold mining company DRDGold are expected to boost the fortunes of the company’s Ergo plant on the East Rand. The three projects made up the bulk of the company’s capital spend of R125.9-million in the 12 months to June 30. 

DRDGold projects boost Ergo efficiency, lower costs
Photo by Creamer Media Chief Photographer Dylan Slater
DRDGold CFO Riaan Davel

New Gold appoints new CEO

By: Marleny Arnoldi     12th September 2018 TSX- and NYSE-listed New Gold has appointed Renaud Adams president and CEO, effective September 12. He succeeds New Gold outgoing director and CEO Raymond Threlkeld, who has led the company since May.  

Global Energy sets sight on US cobalt project

By: Mariaan Webb     12th September 2018 Cobalt-focused Global Energy Metals is set to acquire a past-producing mine and project that are about 150 km from the gigafactory that electric vehicle manufacturer Tesla is building in Sparks, Nevada. Global Energy, which already owns the Werner Lake cobalt mine in Ontario, Canada, and an... 

Record production boosts Atalaya’s H1 Ebitda

By: Marleny Arnoldi     12th September 2018 Aim- and TSX-listed copper miner Atalaya Mining delivered earnings before interest, taxes, depreciation and amortisation (Ebitda) of €34.4-million for the six months ended June 30, compared with €24.5-million in the first half of 2017, on the back of record production at the company’s Proyecto... 

Gran Colombia ups FY guidance

By: Mariaan Webb     12th September 2018 TSX-listed Gran Colombia has increased its gold production guidance for 2018 by between 10 000 oz and 20 000 oz, following a strong performance in the first eight months of the year. The company, which operates several underground mines at Segovia and Marmato in Colombia, produced 36% more gold... 

Ultra Lithium buys property adjacent to its Lucky Lake claim

By: Creamer Media Reporter      12th September 2018 TSX-V-listed explorer Ultra Lithium has entered into an agreement with fellow-listed International Lithium to buy the Forgan Lake lithium property, in the Thunder Bay, north-western Ontario. The Forgan Lake property, consisting of about 256 ha land in 16 units, comprises one legacy claim... 

Brazil federal authorities should take up Belo Sun mine case, court rules

By: Reuters     12th September 2018 A Brazilian court ruled that a mine planned by Toronto-based Belo Sun Mining in the Amazonian state of Para should be examined by federal authorities and its licences reviewed, prosecutors said on Tuesday. The decision could further lengthen the approval process for the company, which has been... 

Simmering Alcoa labour dispute morphed into 'clash of the titans'

By: Bloomberg     12th September 2018 Workers of the Alcoa-controlled Becancour smelter in Quebec stand guard under umbrellas outside the gates. Whenever a vehicle approaches, a pair scurries to take down the driver’s details and make sure there’s no scab laborer in disguise. The ritual, witnessed on a rainy August morning, has... 

Cleveland-sized mine signals the path for an oil-sands revival

By: Bloomberg     12th September 2018 A colossal Canadian oil-sands project may be showing the way forward for an industry many thought would never see new investments. In a forest clearing roughly the size of Cleveland, building-sized trucks dump tons of oily soil into a massive crushing facility, while conveyors move the dirt on... 

Cleveland-sized mine signals the path for an oil-sands revival

Gold mining battling to attract capital – Holland

By: Martin Creamer     11th September 2018 Capital is not as easily available to gold mining companies as it used to be. Gold producers are having to compete with gold-linked alternatives and can no longer rely on equity as a guaranteed means of financing projects or addressing balance sheet gearing. Making these points at the... 

Gold mining battling to attract capital – Holland
Photo by Creamer Media
Gold Fields CEO Nick Holland

Mkango completes another eight drill holes at Songwe Hill

By: Simone Liedtke     11th September 2018 Aim- and TSX-V-listed Mkango Resources on Tuesday announced that it has completed a further eight holes from the latest diamond drill programme at its Songwe Hill rare earths project, in Malawi. All eight drill holes intersected rare earth mineralisation, with selected intersections averaging 1%... 

De Beers sales cycles delivering consistent value

By: Martin Creamer     11th September 2018 The global sightholder sales and auction sales of diamond company De Beers have this year continued to deliver consistent value, with the latest seventh sales cycle coming in at $505-million, a virtual carbon copy of the $507-million realised in the seventh sales cycle of last year. The steady... 

De Beers sales cycles delivering consistent value
De Beers Group CEO Bruce Cleaver

Ausenco leads the charge to address slurry pipeline failure rates

By: Esmarie Iannucci     11th September 2018 Consulting, engineering and project delivery firm Ausenco has organised the first, focused pipeline user’s symposium, to be held in Santiago, Chile, at the end of October, to discuss a framework to address the high mean failure rate of slurry pipelines. Ausenco VP for pipeline consulting, JP... 

Tango buys Liberia diamond project

By: Creamer Media Reporter      11th September 2018 TSX-V-listed Tango Mining has signed an agreement to acquire an 80% unencumbered interest in the Mano River project from West Mining, in Liberia. The property consists of one recently granted 104.3 km2 diamond mineral exploration licence located in the western part of the country in an area well... 

Metalicity advances Canadian spin-out

By: Esmarie Iannucci     11th September 2018 ASX-listed Metalicity has completed the sale of its Admiral Bay zinc project and the Lennard Shelf zinc project to its Canadian subsidiary Kimberley Mining, with the prospectus for the subsidiary being finalised for a TSX-V listing in the December quarter. Metalicity on Tuesday said that it had... 

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