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Miners increasingly looking to renewable energy sources to drive operational savings

By: Creamer Media Reporter      Updated 4 hours ago Current pressures on the mining sector is driving increased interest in the cost savings and power security advantages that renewables could provide mining operations. To this end, a record number of mining leaders would meet with renewable energy and finance experts to network and share... 

IBC receives 2nd Lockheed Martin purchase order for F-35 Lightning II castings

By: Henry Lazenby Vancouver-based IBC Advanced Alloys has received a second contract to produce components for the F-35 Lightning II electro-optical targeting system (EOTS), which makes use of IBC’s new disruptive beryllium-aluminium alloy casting process, known as Beralcast. This purchase order extended... 

Alcoa invests $60m in 3D-printing R&D centre expansion

By: Henry Lazenby Specialty alloys firm Alcoa will invest $60-million to expand a research and development (R&D) centre near Pittsburgh, Pennsylvania, that would accelerate advanced three-dimensional (3D) printing materials and processes. NYSE-listed Alcoa has been transforming its business focus in recent years,... 

Wenco to install precision fleet management systems at Polyus Gold’s Russian mines

By: Creamer Media Reporter The Krasnoyarsk division of Russian miner Polyus Gold has chosen Wenco International Mining Systems to supply its high-precision machine guidance systems for shovels and drills at three mine sites in Eastern Siberia. Wenco, a subsidiary of Hitachi Construction Machinery, had been providing the... 

Chile's Andina mine plan redesign to take about 2 years – Codelco

By: Reuters The redesign of the approximately $7.5-billion Andina mine in Chile will take around two years and involve a new procedure in the application for its environmental permit, Codelco told Reuters on Thursday. State-run Codelco, the world's No 1 copper producer, said last week, without giving... 

Obama heads to Arctic community on last day of Alaska tour

By: Reuters President Barack Obama on Wednesday will become the first sitting US president to visit a community north of the Arctic Circle, a trek the White House hopes will bring into focus how climate change is affecting Americans. After meeting tribal leaders and fishermen in Dillingham, home to the... 

Obama heads to Arctic community on last day of Alaska tour
Photo by Reuters
US President Barrack Obama views a receding glacier on a trip to Alaska.

Canada's Conservatives to extend mining tax credit if re-elected

By: Reuters Canada's ruling Conservatives, seeking to retain power in a federal election on October 19, promised on Wednesday to extend exploration tax credits available to mining firms by three years starting in 2016/17. Canada is a major centre for the world's metal and mineral exploration companies.... 

Ivernia to shift focus to lead mining through $30m Geo Zone deal

By: Henry Lazenby Canadian miner Ivernia hopes to position itself as a base metal mining, exploration and development company with a focus on lead metal through a $30-million deal to buy Geo Zone Exploration. Ivernia said on Tueday that it would acquire all the Geo Zone's outstanding shares by issuing about... 

Obama pushes for more US ice-breaking might in Arctic

By: Reuters President Barack Obama on Tuesday proposed a faster timetable for buying a new heavy icebreaker for the US Arctic, where quickly melting sea ice has spurred more maritime traffic, and the US has fallen far behind Russian resources. The move, part of a push to convince Americans to support... 

Tesla awards first offtake agreement for lithium-ion battery Gigafactory

By: Henry Lazenby Electric vehicle maker and energy storage solutions provider Tesla Motors has selected the northern Mexico-located Sonora lithium project to supply lithium hydroxide for its Gigafactory, in Nevada. Partners TSX-V-listed Bacanora Minerals and LSE-listed Rare Earth Minerals (REM) had finalised a... 

Tesla awards first offtake agreement for lithium-ion battery Gigafactory

Goldcorp, Teck to combine Chile projects into massive 50/50 JV

By: Henry Lazenby Gold major Goldcorp and Canadian diversified miner Teck Resources will combine their El Morro and Relincho projects, in Chile, to leverage increased financial returns and dramatically reduce capital expenditure. The miners announced on Thursday that both companies would contribute their separate... 

Goldcorp, Teck to combine Chile projects into massive 50/50 JV
Photo by Goldcorp/Teck Resources
Project Corridor, in Chile, aims to combine the El Morro and Relincho projects.

Fortune Minerals sells remaining Hemlo equipment for $415 000

By: Henry Lazenby Project developer Fortune Minerals has replenished its coffers through the sale of the remaining equipment it salvaged from the Golden Giant mine, at Hemlo, in Ontario. While the equipment was originally meant for use at the proposed Nico gold/cobalt/bismuth/copper development, in the Northwest... 

Titanium industry weakness to endure amid added supply, slow demand

By: Henry Lazenby Titanium dioxide producers would see their earnings under pressure at least into 2016, as the industry continued to weaken in the near term amid price pressures associated with increased supply and sluggish demand growth, ratings agency Moody’s Investors Service said on Wednesday. In it's report... 

Largo racks-up daily production record of 110% capacity

By: Henry Lazenby Vanadium producer Largo Resources has achieved two new production records over consecutive days this week at its Maracas Menchen mine, in Brazil, and expects continued growth. The Bahia-state project achieved a new daily production record on Monday of 27 t of vanadium pentoxide (V2O5), which... 

Molycorp to close Mountain Pass facility in October 

By: Henry Lazenby North American rare earths producer Molycorp will close its Mountain Pass rare-earth facility, in California, on October 20. Molycorp, which operated Mountain Pass, the largest rare earths mine outside of China, and its processing facility, had on June 25, along with its subsidiaries in North... 

Molycorp to close Mountain Pass facility in October

DuSolo launches strategic review following weaker-than-expected fertiliser sales

By: Henry Lazenby Brazil-focused DuSolo Fertilizers will implement several sales and production strategies in an attempt to increase revenues from its Bomfim mine after demand for its product failed to meet the company's expectations. "In light of the current market conditions in Brazil and the effect it has had... 

DNI Metals becomes fully integrated with Toronto-based laboratory, patents acquisition

By: Henry Lazenby Project developer DNI Metals has signed a nonbinding agreement with a private firm, which could vertically integrate its developing graphite business. While the company was developing the Vohitsara large-flake graphite project, in Madagascar, for which it had been granted a full commercial mining... 

Survey finds Latin American mines least satisfied with cost of maintaining EOM equipment

By: Henry Lazenby Online data, analysis and advisory services firm Timetric has found that mines throughout Latin America are dissatisfied with their original-equipment manufacturers (OEMs) over cost-related factors, in particular maintenance and servicing costs. In the survey ‘Winning and Retaining Business in... 

Nevada Copper gets green light to build Pumpkin Hollow

By: Henry Lazenby The City of Yerington has given TSX-listed Nevada Copper permission to immediately start with any work necessary to develop its Pumpkin Hollow copper project. “With all permits in hand and land title aspects complete, Nevada Copper will focus on financing options as it now can begin construction... 

Funding dearth stalls junior Santa Fe from drilling likely BC discovery

By: Henry Lazenby A lack of investor interest to finance the junior mining industry has seen many an exploration project stall, preventing their owners from getting out in the field to drill resources and develop what would be the world’s next new mines. One such frustrated company was Santa Fe Metals with its... 

Flinders taps Chinese expertise in graphite purification

By: Henry Lazenby Graphite producer Flinders Resources has struck an agreement with a strategic Chinese partner to assist the company to transition to high-purity graphite production, putting it in a position to take advantage if the rapidly expanding and "game-changing" lithium-ion battery energy-storage industry... 

TSX-V consents to Caribou's 63% acquisition of Namibian graphite mine

By: Henry Lazenby TSX-V-listed Caribou King Resources has received a nod of approval from the stock exchange to proceed with an option to acquire an initial 63% of the Aukam graphite mine, located on 38 850 ha, in southern Namibia, where owner Next Graphite had started testing lump graphite for quality and purity,... 

U3O8 Corp well positioned to take advantage of approaching uranium upside

By: Simon Rees The restart of reactor No 1 at the Sendai nuclear plant, in Japan, this week was potentially a harbinger of a rising tide for the uranium industry, underpinned by China’s rapidly expanding fleet of nuclear reactors and other countries seeking to expand their nuclear capabilities as their... 

U3O8 Corp well positioned to take advantage of approaching uranium upside

Anaconda targeting 'aggressive organic growth' from Newfoundland platform

By: Henry Lazenby TSX-listed Anaconda Mining, the only pure play gold miner east of Quebec, has set itself the goal of roughly doubling its current gold output through aggressive organic growth and a loftier target of adding about 100 000 oz/y to its portfolio through mergers and acquisitions (M&As). Speaking at... 

Colorado governor declares state of emergency in gold mine wastewater spill

By: Reuters Colorado Governor John Hickenlooper on Monday declared a "state of disaster emergency" over the accidental release of more than 11.3-million litres of potentially toxic wastewater from a defunct Colorado gold mine into local streams. Hickenlooper said the order would free up some $500 000 from a... 

Deliveries, not purchase orders place IBC Advanced Alloys ahead of pack

By: Henry Lazenby Advanced alloys and precision castings company IBC Advanced Alloys is confident that its new disruptive beryllium-aluminium alloy casting process, known as Beralcast, would attract attention from diverse industries, where the striving for increased efficiency drove demand for super lightweight... 

Deliveries, not purchase orders place IBC Advanced Alloys ahead of pack
The Lockheed Martin F-35 Lightning II electro optical targeting system, for which IBC Advanced Alloys completed Beralcast azimuth gimbal housing components.

Looming cobalt market deficit to spur investment interest 

By: Henry Lazenby Cobalt has undergone somewhat of a transformation over the past five years, in step with the new emerging applications in the booming battery business that have driven a three-fold demand increase. Despite being a smaller industry than its battery raw material counterparts – roughly half the size... 

Looming cobalt market deficit to spur investment interest
Photo by Bloomberg
Balls of metal ore sit in a collection drum before loading into a furnace during processing at Katanga Mining's copper and cobalt mine in Kolwezi, Katanga province, Democratic Republic of Congo.

Sherritt's Madagascar Ambatovy project puts in strong July performance

By: Henry Lazenby Multinational miner Sherritt International has reported much-improved quarter-over-quarter operating metrics at its Ambatovy nickel/cobalt project, in Madagascar. For July, finished nickel output was 1 694 t (4 236 t on a 100% basis), or about 83% of nameplate capacity, and finished cobalt output... 

Diamond mine expansions on track, within budget

By: Mia Breytenbach London-listed diamond mining group Petra Diamonds’ expansion programmes at its flagship Cullinan and Finsch diamond mines, in South Africa, remain on track and within budget, with development progressing well, states Petra Diamonds CEO Johan Dippenaar. Construction on the modern, fit-for-purpose... 

Diamond mine expansions on track, within budget
Photo by Petra Diamonds
ON SCHEDULE The C-Cut Phase 1 expansion plan at the Cullinan mine includes a new production level, which is being established at 833 m

Diamond plant optimisation nearing completion, sights set on exploration

By: Mia Breytenbach Southern Africa-focused precious gem producer Lucara Diamonds is finalising the optimisation of the newly integrated circuit as part of its flagship Botswana-based Karowe diamond mine’s plant optimisation project. Lucara president and CEO William Lamb tells Mining Weekly that Karowe’s optimised... 

Diamond plant optimisation nearing completion, sights  set on exploration
Photo by Lucara Diamond Corporation
SAMPLING ADDITION The modules of the modular bulk sample including the front end, the DMS, de-gritting and recovery, were pre-assembled off site to ensure that everything fits

Venetia underground expansion on track for 2021 first production

By: Mia Breytenbach Construction of the $2-billion underground extension of diamond miner De Beers Consolidated Mines (DBCM) South Africa’s Venetia mine is 18% complete, with the company having spent more than $250-million on the project to date, DBCM CEO Phillip Barton tells Mining Weekly. “We are making good... 

Venetia underground expansion on track for 2021 first production
Photo by De Beers Consolidated Mines
PROGRESSIVE DEVELOPMENT The current Venetia mine capital spend has been largely dedicated to site establishment and mining services infrastructure for the underground project

British Columbia issues Canadian Mining quarry permit

By: Henry Lazenby The British Columbia Ministry of Energy and Mines has issued TSX-V-listed Canadian Mining with a new five-year 50 000 t/y quarry permit for its Bromley Creek zeolite mine lease, near Princeton. President and CEO Ray Paquette reported that the company had increased the reclamation security and... 

DNI Metals receives mining licence for Madagascar graphite project

By: Henry Lazenby Project developer DNI Metals has been granted a full commercial mining licence over its Vohitsara graphite project, in Madagascar. Originally classified as an artisanal mining permit when DNI acquired the property in June, the Madagascar Minister for Mines, through the national mining cadastre... 

Molycorp secures court approval for final $130m DIP financing

By: Henry Lazenby Bankrupt US rare earths producer Molycorp on Wednesday proceeded with its Chapter 11 reorganisation process and received court approval for an improved debtor-in-possession (DIP) financing package provided by Oaktree Capital Management. NYSE-listed Molycorp, which billed itself as the only global... 

Canada’s exploration, mining industries call for government collaboration on policy priorities

By: Henry Lazenby At the seventy-second yearly conference of Canada’s Energy and Mines Ministers, the country’s exploration and mining industries on Monday lobbied for increased government attention in several challenging sector areas during the current period of economic downturn and uncertainty. The Canadian... 

Fortune Minerals inks restructuring accord with secured creditors

By: Henry Lazenby Canadian miner Fortune Minerals has entered into a two-pronged restructuring agreement with former funding partner LRC-FRSM (Lascaux) and its other secured creditors to settle its secured debt obligations. The TSX-listed company earlier this month announced that its subsidiary Fortune Revenue... 

Argentinian elections heat up as resource sectors offer country platform for recovery

By: Simon Rees It is likely that the new administration of Argentina, which heads to the polls later this year, will be more business friendly and market orientated, with mining and other natural resource sectors playing an increasingly significant role. “The money will start to flow in again once Argentina... 

Argentinian elections heat up as resource sectors offer country platform for recovery

Rickford highlights fed commitment to supporting the mining sector

By: Henry Lazenby The Canadian government's enhanced support for the mining industry through its Economic Action Plan will help ensure a thriving, dynamic mining sector that will provide jobs and growth for Canadians, Natural Resources Minister and Minister for the Federal Economic Development Initiative for... 

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