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North America News

MGX funds development of technology to extract lithium from spodumene

By: Marleny Arnoldi     9th March 2018 Diversified resources company MGX Minerals has executed a letter of intent (LoI) with Orion Laboratories, in Tennessee, US, and Light Metals International (LMI), based in Vancouver, British Columbia, to jointly develop and commercialise a thermochemical process for extracting hard-rock lithium... 

Corsa to focus on met coal as it exits thermal coal market

By: Nadine James     9th March 2018 TSX-V-listed Corsa Coal is selling its thermal and industrial coal division Central Appalachia (CAPP) to a buyer group led by CAPP's current management team.  "The sale of our CAPP division will allow us to dedicate all of our corporate resources to the metallurgical (met) coal market where we... 

Osisko acquires royalty on Dublin Gulch property

By: Nadine James     9th March 2018 Precious metals streaming company Osisko Gold Royalties has signed a term sheet with Victoria Gold to acquire a 5% net smelter return (NSR) royalty on the Dublin Gulch property, which hosts the Eagle Gold project, in Yukon, Canada, for C$98-million. Osisko will receive a 5% NSR royalty on all... 

Hanwa to join PTM, Jogmec in Waterberg JV

By: Marleny Arnoldi     9th March 2018 Japan Oil, Gas and Metals National Corporation (Jogmec) has signed a memorandum of understanding (MoU) with global trading company Hanwa for the transfer of a part of Jogmec’s interest in the Waterberg Joint Venture (JV) project, in the Bushveld Complex, to Hanwa 

Thor zones in on three projects

By: Megan van Wyngaardt     9th March 2018 Dual-listed Thor Mining on Friday said it would intensify its focus on its Pilot Mountain tungsten/silver/copper project, in the US; as well as the Kapunda copper project and the Molyhill tungsten project, in Australia. “Our main business investment decisions will be strictly focused on [these]... 

Argentina Lithium adds a third lithium brine project to its portfolio

By: Marleny Arnoldi     9th March 2018 Argentina Lithium & Energy Corporation is expanding its lithium project portfolio in Argentina’s Lithium Triangle by acquiring an additional 14 000 ha on the Salar de Antofalla, in Salta province.  

Argentina Lithium adds a third lithium brine project to its portfolio

Ivanhoe welcomes ‘positive’ discussions with Kabila on DRC mining code

By: Marleny Arnoldi     9th March 2018 Diversified miner Ivanhoe Mines has welcomed the commitment made on Wednesday by mining industry representatives and Democratic Republic of Congo (DRC) President Joseph Kabila to continue productive and mutually advantageous discussions to resolve industry concerns arising from the DRC’s 2018... 

Ivanhoe welcomes ‘positive’ discussions with Kabila on DRC mining code
Randgold Resources' Kibali gold mine in the DRC

Saudi Arabia enlists lobbyists in quest to build nuclear plants

By: Bloomberg     9th March 2018 Saudi Arabia is enlisting blue-chip lobbyists in Washington as it prepares for a fight over its ambition to build nuclear power plants. Three law firms have filed disclosures saying they are advising the kingdom on the issue, as American and Saudi leaders negotiate the contours of a possible... 

Canada hails tariffs exemption, says to keep lobbying Washington

By: Reuters     9th March 2018 Canada on Thursday hailed the news it would not immediately be subject to US tariffs on steel and aluminum while promising to continue lobbying Washington until the threat of duties had disappeared. President Donald Trump announced the imposition of 25% tariffs on steel imports and 10% for... 

Canada hails tariffs exemption, says to keep lobbying Washington
Photo by Bloomberg
Canada Prime Minister Justin Trudeau

Shell, Blackstone eye $10bn bid for BHP US shale assets – Sky News

By: Reuters     9th March 2018 Royal Dutch Shell and US private equity firm Blackstone Group are working on a joint $10-billion bid for BHP Billiton's US shale assets, Sky News said on Thursday. Shell and Blackstone's offer will only be one of several credible proposals that BHP will receive for its US shale operations, Sky... 

Shell, Blackstone eye $10bn bid for BHP US shale assets – Sky News

Australia hopeful of US tariff exemptions

By: Reuters     9th March 2018 Australian Prime Minister Malcolm Turnbull said on Friday he is hopeful of securing an exemption from U.S. tariffs on steel and aluminium after sustained lobby effort by his government. US President Donald Trump on Thursday imposed a 25% tariff on steel imports and 10% for aluminium on Thursday. 

Exxaro negotiating new business opportunities beyond mining 

By: Martin Creamer     8th March 2018 While retaining coal as its bedrock, Exxaro Resources has begun taking steps that will take the company beyond coal and even beyond mining, Exxaro CEO Mxolisi Mgojo said on Thursday. But this is all taking place while Exxaro continues to invest heavily in its long-term coal-mining business, which... 

Exxaro negotiating new business opportunities beyond mining
Exxaro Resources CEO Mxolisi Mgojo’s presentation of 2017 results covered by Mining Weekly Online’s Martin Creamer. Photographs: Dylan Slater. Video and Video Editing: Darlene Creamer

As coal use wanes, US miners depend on foreign buyers, steel  

By: Bloomberg     8th March 2018 It keeps getting harder to sell coal in the US US miners are forecast to cut production 4.7% in 2018 as electricity generators shift increasingly to natural gas and renewable energy, according to the US Energy Information Administration. The expected total of 736.3 million short tons would be the... 

As coal use wanes, US miners depend on foreign buyers, steel

Congo's Kabila to sign new mining code soon after meeting with miners

By: Reuters     8th March 2018 Democratic Republic of Congo President Joseph Kabila will soon sign into law a new mining code, the government and the country's mining companies said on Wednesday. The code has been vigorously opposed by the miners. The announcement followed a nearly six-hour meeting between Kabila and mining... 

Congo's Kabila to sign new mining code soon after meeting with miners
Photo by Reuters
DRC President Joseph Kabila

Global platinum demand expected to increase marginally in 2018

By: Nadine James     8th March 2018 Global platinum demand is expected to increase marginally this year, based on a 2% recovery in jewellery demand in Asian markets, as well as a 6% demand increase for industrial applications. This combined with a 2% decline in supply, owed to mine closures in South Africa, will have resulted in a... 

Global platinum demand expected to increase marginally in 2018
Photo by Bloomberg
DRIVING DEMAND The Chinese jewellery market is expected to experience a resurgence, while the percentage of jewellery demand in India is growing by double digits

'Suds' strategy pays through the drill bit as Osisko aims at replicating Canadian Malartic success

By: Henry Lazenby     8th March 2018 Celebrated Canadian precious metals firm Osisko Mining is aiming to replicate the success of its 9.4-million-ounce Canadian Malartic gold mine discovery – currently Canada's largest producing gold mine – at its flagship Windfall Lake property, located in the Abitibi greenstone belt of Quebec. The... 

'Suds' strategy pays through the drill bit as Osisko aims at replicating Canadian Malartic success
Photo by Henry Lazenby
Osisko Mining chairperson Sean Roosen during a keynote address at PDAC 2018, in Toronto

World's biggest mining show draws huge crowd, signalling mining investment optimism

By: Henry Lazenby     7th March 2018 The Prospectors & Developers Association of Canada's (PDAC's) 2018 convention, in Toronto, drew an international crowd of 25 606 people, in what is widely considered as a clear sign that optimism is returning to the mineral exploration and mining industry following several years of turmoil.... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

Pending toll milling, Bunker Hill ready to roll in as little as 60 days

By: Henry Lazenby     7th March 2018 The 'crown jewel' of the Coeur D'Alene zinc, lead and silver mining district, in northern Idaho, could be in initial production in as little as 60 days pending finalisation of a toll milling agreement, after the US Environmental Protection Agency (EPA) signed an agreement releasing owner Bunker... 

Pending toll milling, Bunker Hill ready to roll in as little as 60 days
Photo by US Environmental Protection Agency
A file photo of the Bunker Hill smelter operating in winter snow during the 1970s.

EU warns Trump of trade war, China raises concerns at WTO

By: Reuters     7th March 2018 Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminium. The departure of Gary Cohn, seen as a bulwark against Trump's... 

Palladium dubbed 'unobtainium', rhodium 'next palladium'

By: Martin Creamer     7th March 2018 While diesel demonisation continues to the detriment of platinum, several key steps that will benefit platinum are poised to be taken in the next 18 to 24 months. The first of these key steps is the substitution of platinum for palladium in gasoline systems, against the backdrop of palladium... 

Palladium dubbed 'unobtainium', rhodium 'next palladium'
Photo by Creamer Media
Paul Finney

Trump says trade wars 'aren't so bad' in answer to Europe threat

By: Bloomberg     7th March 2018 President Donald Trump reiterated his commitment to slapping tariffs on steel and aluminum, dismissing concerns about a global trade war and saying the US has suffered from poor trading conditions with other nations, including those in the European Union. Just hours later, White House economic... 

UBS warns of 'deep trade war' as commodity giant sees no winners

By: Bloomberg     7th March 2018 Raw materials are at great risk as Donald Trump’s White House prepares to pull the trigger on tariffs. UBS Group warned metals to energy will be hurt should US levies spark a global trade war, while commodity powerhouse Australia forecast only a damaging race to the bottom. “Obviously, going... 

UBS warns of 'deep trade war' as commodity giant sees no winners

Daimler's R&D chief sees nickel rich batteries gaining traction

By: Reuters     7th March 2018 The car industry is moving towards making electric car batteries with a higher ratio of nickel, Ola Kaellenius, Daimler board member responsible for research and development, said on Tuesday. High cobalt prices have been pushing manufacturers to adjust the recipe for the batteries used to power... 

Energy execs says tariff gambit could hit shale, LNG project costs

By: Reuters     7th March 2018 Energy executives say the Trump administration's proposed steel and aluminum tariffs could bump up the cost of big-ticket projects needed for rapidly rising US shale oil and gas output by three to 10%. Higher construction costs could slow growth in production and exports of crude and natural gas... 

Australia's Lowe warns Trump tariffs could shock global economy

By: Bloomberg     7th March 2018 Australian central bank Governor Philip Lowe slammed President Donald Trump’s tariffs proposal, warning escalation and retaliation could develop into a “very big shock for the global economy.” In unusually strong language for the Reserve Bank of Australia chief, Lowe described Trump’s proposed... 

 Australia's Lowe warns Trump tariffs could shock global economy
Australian central bank governor Philip Lowe

Pushback on Trump tariffs gathers steam, Mexico rejects bid to split NAFTA

By: Reuters     6th March 2018 Republican lawmakers stepped up calls for President Donald Trump to pull back from proposed tariffs on steel and aluminium imports as key trading partner Mexico rejected a bid by Washington to drive a wedge between it and Canada in talks to renegotiate the North American Free Trade Agreement.... 

Brazil court denies Norsk Hydro request to resume production

By: Reuters     6th March 2018 A Brazilian court denied a request by Norwegian aluminium maker Norsk Hydro to resume full operations at its unit Hydro Alunorte, the court said in a statement, in the latest setback after allegations it had contaminated water in the area. Norsk Hydro had appealed to a higher court after a judge... 

Nexa a pioneer of the new future of mining – Tito Martins

By: Henry Lazenby     6th March 2018 Recently rebranded Brazilian miner Nexa Resources is at the forefront of innovating in the mining industry with progressive policies and innovative technologies, an audience attending the keynote session during the Prospectors and Developers Association of Canada's 2018 convention has heard.... 

Nexa a pioneer of the new future of mining – Tito Martins
Photo by Henry Lazenby
Nexa Resources president and CEO Tito Martins addresses the audience during the PDAC 2018 keynote session, in Toronto

Volcanic Gold Mines looks at Côte d’Ivoire for growth

By: Megan van Wyngaardt     6th March 2018 TSX-V-listed Volcanic Gold Mines has entered into a binding memorandum of understanding to acquire up to 100% of Jofema Mineral Resources, a private company registered in Côte d’Ivoire. The assets of Jofema under option comprise near-adjacent exploration permits and exploration permit renewals... 

Gold-backed ETFs lose 5.1 t in Feb

By: Henry Lazenby     6th March 2018 The latest data from the World Gold Council (WGC) shows that gold-backed exchange-traded funds (ETFs) have lost 5.1 t of yellow metal during February, but in total added 25.3 t during the first two months of the year. The inflow over the two-month period was mainly boosted by a 10% increase by... 

South African steel, aluminum firms watchful, but not overly anxious, as US tariff hikes loom

By: Terence Creamer     6th March 2018 South African steel and aluminium firms remain watchful and uncertain about the effects that a proposed increased US trade protection will have. However, the companies also indicate that they will seek to mitigate the risk through export diversification, as well as a continued focus on markets... 

South African steel, aluminum firms watchful, but not overly anxious, as US tariff hikes loom
US President Donald Trump

German ruling likely blessing in disguise for platinum - RBPlat 

By: Martin Creamer     6th March 2018 The German Federal Court ruling on diesel car emissions, which could cost transgressors eight-billion euros in fines a year, is seen as a likely blessing in disguise for platinum, Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri said on Tuesday. The global backlash against diesel-engine cars,... 

German ruling likely blessing in disguise for platinum - RBPlat
Royal Bafokeng Platinum CEO Steve Phiri’s presentation of results is covered by Mining Weekly Online’s Martin Creamer. Photograph, Video & Video Editing: Darlene Creamer. Recorded 6.03.2018

De Beers earns $555-million in second sales cycle

By: Marleny Arnoldi     6th March 2018 De Beers’ second sales cycle of the year saw the continuation of good rough diamond demand, with provisional sales of $555-million. CEO Bruce Cleaver says this is in line with expectations, following strong retail sales of diamond jewellery during the US holiday season and positive early signs... 

Bluejay scoops Greenland prospector and developer award

By: Creamer Media Reporter      6th March 2018 Dual-listed Bluejay Mining has been awarded the ‘Prospector and Developer of the Year 2017’ award by the Greenland government. The award is given to companies or individuals who have demonstrated initiative and innovation within Greenland's mineral industry, robust environmental practices and... 

Steel tariffs may trip up another industry Trump loves: Coal

By: Bloomberg     6th March 2018 President Donald Trump’s proposed steel tariffs may have a downside for US coal miners. While tariffs could increase domestic demand for metallurgical coal – which is used in the steelmaking process – most of the market for that fuel is abroad. About 75% of the coking coal US miners produced in... 

WTO chief urges States to stop first dominoes of trade war

By: Reuters     6th March 2018 The head of the World Trade Organization (WTO) told member states on Monday they must prevent "the fall of the first dominoes" in a trade war and warned of a real risk of triggering an escalation of global trade barriers and a deep recession. World trade policy is in turmoil because of US... 

WTO chief urges States to stop first dominoes of trade war
Photo by Reuters
WTO director general Roberto Azevedo

Trump tariffs are black day for world, business, BHP CEO says

By: Bloomberg     6th March 2018 President Donald Trump’s plans to slap tariffs on steel and aluminium imports is a black day for the world and business, according to the biggest mining company. BHP Billiton and competitors could be hit should other economies follow the move by the US toward a more protectionist and anti... 

Trump tariffs are black day for world, business, BHP CEO says
BHP CEO Andrew Mackenzie

Outlook good for cash-flush Merafe

By: Martin Creamer     6th March 2018 Chrome and ferrochrome company Merafe, which has zero debt and R600-million cash on hand, sees ferrochrome prices being supported by the cost of production in China, solid projected stainless steel production growth and the absence of any major additional ferrochrome supply capacity coming on... 

Outlook good for cash-flush Merafe
Merafe CEO Zanele Matlala

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