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Red Kite co-founder plans new Orion metals fund – sources

By: Reuters US mining financier Oskar Lewnowski is preparing to launch a base and precious metals fund, sources say, his latest step in recreating the famed trading and investment enterprise he co-founded a decade ago, Red Kite. Two years after striking out on his own to create private equity investment... 

New mineral development strategy seeks to maintain Ontario’s pole position 

By: Simon Rees Ontario’s Ministry of Northern Development and Mines (MNDM) executive adviser Rob Merwin recently stressed the importance of attracting back investment, especially in exploration, to the province, which currently had other jurisdictions champing at its heels for the title of Canada's best mining... 

New mineral development strategy seeks to maintain Ontario’s pole position

Rickford opens TSX in honour of National Mining Week

By: Henry Lazenby Canada’s Natural Resources Minister and Minister for the Federal Economic Development Initiative for Northern Ontario Greg Rickford opened the market at the TSX on Thursday in honour of National Mining Week, a yearly celebration of Canada's international leadership and expertise in mining.... 

Western Lithium named top over-the-counter securities performer

By: Henry Lazenby TSX- and OTC Markets Group-listed project developer Western Lithium USA has been named the number-one performer on the first ever ‘2015 OTCQX Best 50’, a ranking of 50 top performing companies, including companies such as Heineken and Zurich Insurance, that traded on the OTCQX Best Marketplace... 

High demand prompts Largo Resources to lift C$50m financing by C$20m

By: Henry Lazenby Vanadium producer Largo Resources has increased the C$50-million financing announced earlier this month by a further C$20-million on the back of strong demand from its existing shareholders. The company expected that funds managed by Arias Resource Capital Management would buy up to... 

Fed Mining Minister Rickford celebrates 19th National Mining Week

By: Henry Lazenby Canada’s Minister of Mining Greg Rickford on Monday celebrated the 19th National Mining Week that would run to Friday, touting the country’s international leadership and innovation in the sector and underscoring the importance of mining to communities across Canada. "Quite simply, mining matters... 

Fed Mining Minister Rickford celebrates 19th National Mining Week

Canadian major, midtier miners urged to prepare for transparency act compliance

By: Simon Rees The introduction of the Extractive Sector Transparency Act (ESTMA) would represent a sea change in the reporting of payments to government for Canadian seniors and midtiers, Borden Ladner Gervais partner Andrew Powers told an audience at the Canadian Institute of Mining’s management and economic... 

Canadian major, midtier miners urged to prepare for transparency act compliance

Molycorp stocks slide following wider Q1 loss, further financing needs

By: Henry Lazenby US integrated rare earths producer Molycorp’s NYSE-listed stock on Thursday slid 12.5% after the company reported a wider-than-expected first-quarter loss and confirmed that it would require further financing this year to meet its business plan and obligations as they became due. NYSE-listed... 

Molycorp stocks slide following wider Q1 loss, further financing needs

Information management solutions ensure control of mining operations

Mining equipment, tools, services and solutions provider Sandvik Mining’s advanced automation solutions can significantly increase mine productivity and safety, while lowering the total cost of asset ownership, the company says. 

Information management solutions ensure control  of mining operations
VEHICLE MONITORING Sandvik’s Equipment Monitoring product provides easy access to data on equipment use and condition

Mines must adapt rapidly to new digital age – Wipro

By: Ilan Solomons For mining organisations to remain competitive in the digital era, a transformation needs to happen within their information technology (IT) functionality, says IT consultancy and systems integration firm Wipro Africa business director Shailendra Singh. “As technology plays an ever increasing... 

Mines must adapt rapidly to new digital age – Wipro
SHAILENDRA SINGH The Relentless Efficiency Lifecycle framework enables miners to better understand and create strategies to transform their enterprise architecture

Partnership gives Wits mining engineering school access to @RISK software

By: Zandile Mavuso Software company Palisade has partnered with the University of the Witwatersrand’s (Wit’s) School of Mining Engineering as it has licensed access to its @RISK software for 100 computers in the School’s Mine Design Laboratory to assist confronting unfolding uncertainties pertaining to managing... 

Taseko Mines improves cornerstone operation’s economics, extends life

By: Henry Lazenby An updated mine plan for base metals miner Taseko Mines’s 75%-owned Gibraltar openpit copper/molybdenum mine, in south-central British Columbia, has improved the operation’s financial metrics, lifted reserves and extended the mine life. The latest mine plan, the result of a detailed, six-month... 

No relief for Canada's BC as PwC expects challenges to continue into 2015

By: Henry Lazenby British Columbia's (BC's) mining sector was not showing any early signs of improvement in 2015; however, investment in the mining industry needed continue despite today's challenging conditions, advised PwC's BC mining practice partner and leader, Mark Platt. "Miners need to keep exploring if... 

Exploration and mine development up to 2.5 times more costly in Canada’s North

By: Henry Lazenby A new study has found that the cost to explore and build new mines is as much as 2.5 times higher in northern Canada, mainly as a result of a lack of critical infrastructure. The study, titled ‘Levelling the Playing Field’, found that the cost of mineral exploration and building and operating... 

Exploration and mine development up to 2.5 times more costly in Canada’s North

Oral hearings in TriMetals Mining’s intl arbitration against Bolivia confirmed for July next year

By: Henry Lazenby TSX-listed TriMetals Mining, formerly South American Silver (SAS), will get its day in court in July next year, a little later than the previously expected May 2016 date, as it pursues its international arbitration claim against Bolivia. TriMetals on Monday said after concluding consultation with... 

Tesla Motors reveals new range of household batteries, energy division

By: Henry Lazenby Clean energy leader Tesla Motors on Thursday night launched a new range of batteries that could power homes and commercial buildings at a fraction of the expected cost, highlighting the growing demand for the minerals, such as graphite, cobalt and lithium, required to make these batteries. Tesla... 

Tesla Motors reveals new range of household batteries, energy division
Tesla Motors CEO Elon Musk.

DTI mum on amended BEE codes despite May 1 deadline

By: RDM News Wire With just hours to go before the Broad Based Black Economic Empowerment (B-BBEE) Amended Codes of Good Practice come into law on 1 May‚ the Department of Trade and Industry (DTI) had still not clarified several important points - including the draft Qualifying Small Enterprises (QSE) codes and... 

DTI mum on amended BEE codes despite May 1 deadline

N American potash producers improve Q1 earnings on higher prices, lower costs

By: Henry Lazenby Two of North America’s largest potash and fertiliser producers, Canada’s Potash Corp of Saskatchewan and US-based The Mosaic Company, have improved their first-quarter earnings on the back of better prices and lower costs. Following a period of “especially robust” potash markets, demand and... 

N American potash producers improve Q1 earnings on higher prices, lower costs

Consulting engineers encouraged to take nontraditional approach

With government pushing for greater transformation and inclusivity in the engineering, procurement and construction management (EPCM) sector, consulting engineers are being called upon to take a nontraditional approach to the implementation of major projects and to spearhead transformation... 

Consulting engineers  encouraged to take  nontraditional approach
Photo by Bloomberg
AT WORK A 'back to basics' approach is needed regarding the development of a generation of young talent black engineers, technologists and technicians

Mining firms replenish coffers

By: Henry Lazenby Several miners this week successfully completed private placements to shore up their balance sheets in anticipation of pursuing their strategic corporate objectives. Africa-focused project developer Ivanhoe Mines and China-based Zijin Mining Group on Monday closed an $85-million private... 

Commerce Resources successfully completes rare earth pilot plant trials

By: Henry Lazenby The first phase in a series of flowsheet pilot plant tests on material from Commerce Resources 100%-owned Ashram project has been completed, the Quebec-focused rare earths project developer reported this week. The TSX-V-listed firm said the pilot plant had produced enough bulk quantities of... 

Despite sliding mining sales, Caterpillar lifts Q1 profit

By: Henry Lazenby American mining equipment manufacturer and financier Caterpillar has reported a sharp increase in first-quarter profits despite lower sales, as restructuring effort over the past 12 months gained traction. For the three months ended March 31, the NYSE-listed firm improved profits by 20% to... 

Despite sliding mining sales, Caterpillar lifts Q1 profit

Canada’s mining industry welcomes federal budget 

By: Henry Lazenby Canada's national mining association has welcomed the Conservative government’s balanced federal budget 2015, citing its pleasure with renewed funding for critical areas such as environmental assessments, the Major Projects Management Office, Aboriginal education and training, and geoscience.... 

Canada’s mining industry welcomes federal budget
Photo by Reuters
Canada's Finance Minister Joe Oliver on Tuesday tabled a C$990.3-billion balanced budget.

Ivanhoe and Zijin Mining close $85m private placement 

By: Henry Lazenby Africa-focused project developer Ivanhoe Mines and China-based Zijin Mining Group have closed a $85-million private placement, boosting the miner’s working capital and available funds for general corporate purposes, and advancing the company’s three main projects. Zijin acquired a 9.9% stake in... 

Bakubung shaft sinking remains on track

By: Kimberley Smuts Shaft-sinking activities at platinum miner Wesizwe Platinum’s Bakubung mine, in the North West, remain on track, with the main and ventilation shafts now having reached a depth of 770 m. Shaft sinking started in 2012, following the receipt of $600-million in financing from the China Development... 

Bakubung shaft sinking remains on track
EVENED OUTOwing to additional development work done on the ventilation shaft, both shafts are now at the same depth

Mining companies risk competitive edge without more women on board

By: Simon Rees Canadian mining companies should have more women on their boards to sharpen their competitive edge, increase diversity and boost creativity, Patrice Merrin told an audience at the Women in Mining Toronto branch last week. Among her many roles, Merrin was currently a corporate director on the... 

Centerra Gold, Kyrgyz govt Kumtor JV negotiations hit renewed uncertainty

By: Henry Lazenby Negotiations between Canadian miner Centerra Gold and the Kyrgyzstan government have reached renewed uncertainty after the country’s Prime Minister, Djoomart Otorbaev, suggested to the Kyrgyz Republic Parliament and local media that the restructuring of the Kumtor gold mine as a 50/50 joint... 

Centerra Gold, Kyrgyz govt Kumtor JV negotiations hit renewed uncertainty
Photo by Centerra Gold
Centerra Gold's Kumtor mine, in Kyrgyzstan.

Mining companies becoming increasingly digital, interconnected

By: Schalk Burger Mining enterprises are becoming increasingly digital and interconnected and this trend promises to make mining companies much more adaptable, robust and sustainable into the future. This is according to information technology consultancy and systems integration firm Wipro global practice mining... 

Mining companies becoming increasingly  digital, interconnected
SHAILENDRA SINGH A digital mining enterprise will be able to overcome volatility through agility, detailed planning and timely responses

Tough times call for focus and projects with quality – Brennan

By: Simon Rees As commodities remain depressed and the China-driven resource cycle fades, companies must maintain exceptional focus to advance projects, Largo Resources consultant Mark Brennan told an audience at the Canadian Institute of Mining’s Management and Economic Society in Toronto last week. Brennan... 

Tough times call for focus and projects with quality – Brennan
Photo by Largo Resources
Vanadium pentoxide.

Vanadium output continues to climb at Largo Resources’ Maracas Menchen mine

By: Henry Lazenby TSX-V-listed Largo Resources continued to ramp up vanadium output form its flagship Maracás Menchen mine, in Bahia state, Brazil, saying it had achieved new records for several production systems during March. The Toronto-based firm this week said that production rates and recoveries at the... 

Noront Resources consolidates position in Ontario’s Ring of Fire for a bargain 

By: Henry Lazenby Northern Ontario’s emerging minerals-rich Ring of Fire (RoF) mining camp has a new champion after US-focused iron-ore producer Cliffs Natural Resources agreed to bow out of the prospective region by selling its claims to explorer Noront Resources for $20-million. Noront, which was currently in... 

Noront Resources consolidates position in Ontario’s Ring of Fire for a bargain
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