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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

Chile eyes new environment rules to spur investment

By: Reuters Chile will move to make changes to its environmental regulations to reduce uncertainty and encourage investment, President Michelle Bachelet announced on Wednesday. Center-left Bachelet said she has appointed a commission to work over the next nine months to come up with a new environmental... 

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.

Quebec scales back plan to develop its resource-rich north

By: Reuters The Canadian province of Quebec unveiled a scaled-back version of its long-touted plan to develop its vast, mineral-rich north on Wednesday as investor interest has waned due to weak commodity prices, particularly for iron-ore. The provincial government said it now expects its Plan Nord to... 

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

Despite strong growth outlook, exploration underinvestment might dent Silver Wheaton portfolio growth prospects

By: Henry Lazenby Despite its strong growth outlook, a critical shortage and chronic underinvestment in new base metals and other exploration projects in the medium term, could dent the world’s largest precious metals streaming firm Silver Wheaton’s ability to strike new streaming deals in the future. The silver-... 

Despite strong growth outlook, exploration underinvestment might dent Silver Wheaton portfolio growth prospects
Photo by Bloomberg
Silver Wheaton president and CEO Randy Smallwood.

Asian miners transition towards digital mining – survey

By: Henry Lazenby Online data, analysis and advisory services provider Timetric’s Mining Intelligence Centre (MIC) says Asian mines are transitioning towards digital mining, as demonstrated by continuing investment in design software and mine surveying. The UK-based firm this week revealed that a recent survey of... 

Effective CSR strategies becoming increasingly critical to project success

By: Henry Lazenby With the extractive industry these days being forced to look for viable projects in more far-flung regions, it often entails coming into contact with communities that have, in a sense, been forgotten or neglected by their own governments, potentially adding to project risk. But socioeconomic... 

Effective CSR strategies becoming increasingly critical to project success

Arianne Phosphate exceeds previous product grade, purity during customer trials

By: Henry Lazenby Project developer Arianne Phosphate has completed a successful series of customer trials that have produced a phosphate concentrate with a superior grade and lower contaminants than previously ever achieved by the company. Arianne, which is focused on advancing the Lac à Paul project, in Quebec's... 

Molycorp stock falls on reporting Q4, FY loss

By: Henry Lazenby US rare earths producer Molycorp’s NYSE-listed stock on Monday fell more than 16.2% after the company reported that it had failed to make a profit for the third consecutive year. Greenwood Village, Colorado-based Molycorp reported a full-year 2014 net loss attributable to common stockholders of... 

Molycorp stock falls on reporting Q4, FY loss

Vanadium producer Largo Resources secures C$12m bridging loan

By: Henry Lazenby TSX-V-listed Largo Resources has agreed to a term sheet with certain funds managed by Arias Resource Capital Management (ARC Funds) for C$12-million nonrevolving, convertible term loan facility, bearing an interest rate of 20% a year. The company would use the proceeds of the bridge loan... 

Major miners embrace local procurement strategy reporting initiative

By: Henry Lazenby Mining majors Anglo American, Rio Tinto, Newmont Mining and Barrick Gold have the most detailed local procurement reporting among 40 companies examined in a new study by Engineers Without Borders Canada (EWB). Released on Wednesday, the report titled ‘Local Procurement and Public Reporting Trends... 

Woodmac and Verisk to tie £1.85bn knot

By: Henry Lazenby Data analytics provider Verisk Analytics has signed a definitive agreement to acquire Wood Mackenzie (Woodmac) from Hellman & Friedman and other Woodmac shareholders. The acquisition of Woodmac, a global data analytics and commercial intelligence firm specialising in the energy, chemicals,... 

Largo Resources needs more cash by May to meet debt duties

By: Henry Lazenby Vanadium producer Largo Resources needs to secure about C$20-million through financing activities this year to complete optimisation initiatives at its Maracas Menchen mine, in Brazil, which is ramping up to commercial production. TSX-V-listed Largo on Monday said Phase 1 nameplate capacity of 9... 

Shortage of supply will stoke tin price higher in coming years

By: Simon Rees Tin’s muted performance across 2014 obscured the potential for price rises and robust margins in the coming years, Hallgarten & Co principal and mining strategist Christopher Ecclestone told an audience at the Prospectors and Developers Association of Canada conference last week. In addition, the... 

Greater consistency and transparency in Africa could spur investment

By: Henry Lazenby Investors are often naive when it comes to their perception of Africa as an investment destination; however, despite the continent having significant challenges to deal with, there have, in recent years, been remarkable changes taking place that set the scene for increased mining investment.... 

Consultancy notes interest, despite influx of service providers at indaba

By: Pimani Baloyi While the number of representatives from mining companies attending the 2015 Investing in African Mining Indaba seems to have dwindled and the presence of mining service providers has increased, South Africa-based consulting firm Mac Consulting says potential clients still paid the company... 

Tungsten industry in transition as China's competitiveness wanes

By: Henry Lazenby Despite China having not yet made significant inroads into securing tungsten supply from outside its borders, it might only be a matter of time before teh country did, providing the incentive investors are looking for to finance several shovel-ready projects. Tungsten, or wolfram as it is also... 

Africa ready to break the paradox of being primary, yet poorest, mining location 

By: Henry Lazenby Despite the commodity price collapse, Africa was ready to participate as a host continent to the global mineral extraction industry, South African Mineral Resources Minister Advocate Ngoako Ramatlhodi told the Canada-Southern Africa Chamber of Business's sixteenth Annual African Mining Breakfast... 

Africa ready to break the paradox of being primary, yet poorest, mining location
Photo by Duane Daws
Mineral Resources Minister Ngoako Ramatlhodi

Canada strikes more than 10 African foreign investment promotion, protection accords 

By: Henry Lazenby Canada has concluded foreign investment promotion and protection agreements with more than ten countries in Africa, improving the confidence and protection Canadian companies need to invest abroad. Canada’s International Trade Minister Ed Fast, accompanied by ministerial colleagues from African... 

Canada strikes more than 10 African foreign investment promotion, protection accords
Photo by Foreign Affairs, Trade and Development Canada
The African mining delegation closes the TSX on Tuesday.

Ucore Rare Metals secures rights to novel REE separation technology

By: Henry Lazenby Alaska-focused rare earths project developer Ucore Rare Metals on Tuesday showed off the first high-purity dysprosium concentrate ever produced in the US, with US-sourced feedstock. The company also announced that it had secured the rights to a new minerals separation technology that had... 

Ucore Rare Metals secures rights to novel REE separation technology

Five years on, Quebec’s Plan Nord 2.0 aims for coherence in low-price environment

By: Henry Lazenby When the Quebec government’s Plan Nord to develop the parts of the province located north of the 49th parallel was launched under Jean Charest’s Quebec Liberal Party in May 2011, it was heralded as a timely and necessary act in the mining industry’s favourable economic context at the time. But a... 

Five years on, Quebec’s Plan Nord 2.0 aims for coherence in low-price environment
Photo by Reuters
Former Quebec Premier Jean Charest unveiled the Plan Nord on May 9, 2011.

Eagle-eyed investors urged to seek out rich pickings among juniors

By: Simon Rees The worst of the mining industry’s declines are over, although it now faces a trough of uncertain length, the head of Kaiser Research Online John Kaiser told an audience at the Prospectors & Developers Association of Canada 2015 convention. “But now it’s time to get serious – to get out there and... 

Ontario invites input on new direction for mineral development strategy 

By: Henry Lazenby Ontario is inviting stakeholders to provide input to renew the province’s mineral development strategy to attract further investment. Speaking at the Prospectors & Developers Association of Canada’s yearly convention in Toronto, provincial Minister of Northern Development and Mines (MNDM) Michael... 

New Brunswick tungsten project EIA cleared for public consultation

By: Henry Lazenby Tungsten project developer Northcliff Resources has cleared a critical milestone, with the New Brunswick Department of Environment and Local Government (NBDELG) completing a review of the Sisson project draft environmental-impact assessment (EIA) report and clearing it to start public... 

Canadian fed and Ontario govts unveil supports for mining industry

By: Henry Lazenby Several federal departments of the Canadian government, as well as the Ontario provincial government, unveiled new measures and investments on Sunday to increase support and drive growth in the country's besieged mining industry. In a speech to the Prospectors & Developers Association of Canada,... 

Canadian fed and Ontario govts unveil supports for mining industry
Photo by Reuters
Canadian Finance Minister Joe Oliver
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