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Project Management News

Venezuela ordered to pay $2.17bn to Russian junior for 2011 project expropriation

By: Henry Lazenby     23rd August 2016 The government of the Bolivarian Republic of Venezuela has been ordered to pay a Russian-owned junior mining company nearly $2.2-billion in compensation and interest for illegally expropriating the company’s assets without compensation in 2011. Following the news, Rusoro Mining’s TSX-V-listed... 

KWG and Chinese engineering group move ahead with RoF rail feasibility study

By: Henry Lazenby     23rd August 2016 Junior exploration firm KWG Resources has appointed a China-based consulting engineering group to undertake a conditional bankable feasibility study (BFS) on a proposed railroad from the mineral properties in Ontario's Ring of Fire (RoF), to a junction with the CN Railroad at Exton, Ontario. KWG... 

Mining lobbyists urge Canada to once more take global mining lead 

By: Creamer Media Reporter      22nd August 2016 Canada’s mining lobbies have outlined seven top priorities at the 73rd Energy and Mines Ministers’ Conference currently underway in Winnipeg, Manitoba, urging federal and provincial leadership to take action to regain Canada’s former title as the top mining destination in the world. The Canadian... 

Energizer starts FEED study on Molo project as Dundee becomes largest stakeholder

By: Henry Lazenby     22nd August 2016 There is progress at Energizer Resources’ Molo project after the company announced last week that a Dundee affiliate had become the largest shareholder at just under 20%, enabling Energizer to initiate a front end engineering design (FEED) study. Goodman & Company, Investment Counsel, one of... 

Nordex closes going-private transaction with EPC

By: Henry Lazenby     20th August 2016 Canadian explosives maker and distributor Nordex has closed a going-private transaction with Société Anonyme d’Explosifs et de Produits Chimiques (EPC). Nordex was amalgamated with 9867244 Canada, an indirect wholly owned subsidiary of EPC, with an effective date of August 19. The company... 

Congress key to addressing socioeconomic challenges

By: Nadine James     19th August 2016 Owing to the increasing relevance of the geosciences field and the insights and solutions to global socioeconomic challenges it holds, the thirty-fifth International Geological Congress (IGC) –  to be held at the Cape Town International Convention Centre from August 27 to September 4 –  is... 

Congress key to addressing socioeconomic challenges
PASSING THE TORCH The Thirty-fourth IGC president Neil Williams symbolically handing over the IGC to current copresident Professor Richard Viljoen

Mining code aimed at helping countries attract investment launched

By: Dylan Slater     19th August 2016 Towards the end of July, the World Initiative of Mining Lawyers (WIOML) launched a mining code that is aimed at guiding countries in attracting investment while securing fair benefits from mineral exploitation within their borders.  

Mining complex refurbished with no major delays

     19th August 2016 Eleven products from specialist chemicals company Sika have been used in the refurbishment of platinum producer Impala Platinum’s (Implats’) Rustenburg operations, a 14-shaft complex in the Bushveld Igneous Complex near Rustenburg, which was completed in June. Since this active platinum... 

Mining complex refurbished with no major delays
NO DELAYS The refurbishment project was carried out under a highly restrictive schedule

Rising uptake of vanadium-based batteries bodes well for market as price turns a corner 

By: Henry Lazenby     18th August 2016 A more than 40% increase in the price of vanadium pentoxide (V2O5) since December lows is invigorating the industry, just as it is poised to see significant new demand for the steel-strengthening ingredient coming from the increasing adoption of vanadium-redox flow batteries (VRBs). The commodity... 

Rising uptake of vanadium-based batteries bodes well for market as price turns a corner
Photo by Largo Resources
Vanadium from Largo Resources' Maracas Menchen vanadium mine, in Brazil

Sparton scoops up group of inactive VRB manufacturing companies

By: Henry Lazenby     16th August 2016 Canadian firm Sparton Resources has bought a group of currently inactive vanadium-redox flow battery (VRB) manufacturers for $3.3-million, the company announced Tuesday. The Toronto-headquartered company said that its subsidiary VanSpar Mining (VMI) had on August 8 signed a share purchase... 

Advantage Lithium to take first-mover lead as it readies for imminent Nevada drill campaign

By: Henry Lazenby     16th August 2016 New lithium explorer Advantage Lithium (formerly known as North South Petroleum) is preparing to launch a drilling campaign within three to four weeks on highly prospective targets in Nevada, located a stone's throw away from North America’s only producing lithium mine. This, together with an... 

Advantage Lithium to take first-mover lead as it readies for imminent Nevada drill campaign
Photo by Advantage Lithium
Advantage Lithium's portfolio includes the Clayton NE project that borders Albemarle’s Silver Peak property – the only lithium brine mine in North America

Eastplats appoints president, CEO to board

By: Henry Lazenby     15th August 2016 Platinum-group-metals-focused Eastern Platinum (Eastplats) on Monday advised that it had appointed president and CEO Diana Hu to its board following the resignation of Peter Clausi. Hu, said to have 20 years’ experience in the global mining and metals industry, was last week appointed as CEO. 

Omnia asks TSX-V to deny or reprice Nordex going-private placement

By: Henry Lazenby     12th August 2016 Johannesburg-based Omnia Holdings has submitted a letter to the TSX-V asking it to consider denying or repricing a proposed change-of-control transaction through which Société Anonyme d’Explosifs et de Produits Chimiques (EPC) intends to take Canadian firm Nordex Explosives private. According to... 

Innovation Metals successfully separates high-value rare earths

By: Henry Lazenby     12th August 2016 Mississauga-based private rare earths company Innovation Metals Corp (IMC) has successfully demonstrated that its proprietary RapidSX can produce commercial-grade praseodymium-neodymium (Pr-Nd) oxide, using feedstock from the Mineração Serra Verde (MSV) deposit in Goias state, Brazil. The company... 

DHL enters into freight forwarding agreement with Madagascar mine

By: Ilan Solomons     12th August 2016 Global logistics company DHL Group has entered into an initial three-year global freight forwarding agreement with the Ambatovy nickel and cobalt mine, in Madagascar. Ambatovy is a joint venture (JV) operation among diversified Canadian resource company Sherritt International, Japanese trading... 

DHL enters into freight forwarding agreement with Madagascar mine
AMBATOVY MINE SITE, MADAGASCAR DHL is responsible for providing import customs clearance for airfreight shipments of mining spare parts into Madagascar with delivery to the Ambatovy mine site

US Steel Canada rejects offer from Essar consortium

By: Reuters     10th August 2016 US Steel Canada on Wednesday rejected a buyout offer from Ontario Steel Investments, a group that includes shareholders of Essar Global, saying it was not considering further proposals by Essar, which had been eliminated from the sale process. The offer, made on Tuesday, includes the assumption... 

Deep Space Industries joins race to mine asteroids

By: Henry Lazenby     10th August 2016 Deep Space Industries (DSI) has entered the race to launch spacecraft that will identify and mine near-earth asteroids, in the hope of establishing a new space economy. The California-based company on Tuesday announced plans to fly the world’s first commercial interplanetary mining mission. Its... 

Deep Space Industries joins race to mine asteroids
Photo by Bryan Versteeg/Deep Space Industries
A conceptual image of Deep Space Industries' Prospector X prototype satelite

Taseko adds 2 500 ha to Gibraltar landholdings

By: Henry Lazenby     9th August 2016 British Columbia-based base metals producer Taseko Mines has acquired about 2 500 ha in new mineral claims that are located next to the existing Gibraltar claims. However, these are well outside the current mining areas, the company announced Tuesday. The new claims were located about 2 km... 

China's Guangdong sets up tribunal to handle zombie firms – media

By: Reuters     9th August 2016 China's Guangdong province has set up a special court to deal with disputes that arise from the closure of "zombie enterprises", the official China Daily reported on Tuesday. The Guangdong High People's Court unveiled a new tribunal on Monday to help settle legal issues that might arise from the... 

China's Guangdong sets up tribunal to handle zombie firms – media

Franco-Nevada hits new production, revenue records; boldly beats expectations

By: Henry Lazenby     9th August 2016 Precious metals streaming firm Franco-Nevada Corp has doubled net income for the quarter ended June 30, hitting new gold-equivalent ounce (GEO) output and revenue records. The Toronto-based firm reported a 75% year-on-year surge in adjusted earnings to $40-million, or $0.22 a share, beating Wall... 

India, Africa could be new global demand base consumers as China wanes – Baxter

By: Dylan Slater     5th August 2016 Following China’s economic slowdown, and its subsequent decreased demand for minerals, a new global demand-base consumer is required to spur growth in the mining industry with India and Africa boasting significant potential, according to Chamber of Mines (CoM) CEO Roger Baxter.  

India, Africa could be new global demand base consumers as China wanes – Baxter
Photo by Duane Daws
ROGER BAXTER Miners need to shift focus towards reducing costs, being more innovative and doing things better

Vale to offer notes due in 2026

By: Henry Lazenby     3rd August 2016 Brazilian diversified miner Vale on Wednesday in a US securities filing announced that its subsidiary Vale Overseas plans to offer bonds due in August 2026. The company, which is also the world’s largest iron-ore producer, did not specify how much it planned to raise with the offering, which... 

Rio Tinto earnings slump to 12-year low, warns conditions still tough

By: Reuters     3rd August 2016 Global miner Rio Tinto reported a 47% slump in first-half profit to its weakest in 12 years on Wednesday, still beating forecasts and a strong balance sheet allowed it to pay a higher dividend than expected. It said commodity markets remained a challenge, even as the mining sector stages a... 

Rio Tinto earnings slump to 12-year low, warns conditions still tough

Elandspruit on track to deliver 200 000 t/m of coal 

By: Victor Moolman     29th July 2016 Coal production at the Elandspruit mine, in Mpumalanga, is on track to reach 200 000 t/m run-of-mine (RoM) with the development of the colliery’s underground mining project, says coal mining and trading company Wescoal Holdings CEO Waheed Sulaiman. 

Elandspruit on track to deliver  200 000 t/m of coal
Wescoal project manager Ettienne Strydom explains the progress made at the Elandspruit open pit mine, in Mpumalanga. Video and Editing: Nicholas Boyd.

Mogalakwena manager sees bright future for Rustenburg mine

By: Dylan Slater     29th July 2016 Platinum group metals (PGMs) miner Anglo American Platinum’s (Amplats’) Mogalakwena mine is set to be a sustainable venture going forward with high cutoff grades and plans to ensure the mine has steady output, according to mine senior GM Richard Cox.  

Mogalakwena manager sees bright future for Rustenburg mine
RICHARD COX Managing a sustainable mine requires the fostering of teamwork and high levels of morale

Alabama inks nondisclosure accords with US Department of Defence equipment makers

By: Henry Lazenby     18th July 2016 Project developer Alabama Graphite (AGC) on Monday revealed that it had signed six nondisclosure agreements (NDAs) with manufacturers of equipment for the US Department of Defence (DoD). The agreements were meant to spur discussions and the due diligence evaluation of samples of AGC’s US-sourced... 

Largo makes vanadium-redox flow battery mark with nonbinding offtake MoU

By: Henry Lazenby     18th July 2016 Canadian vanadium producer Largo Resources has entered into a nonbinding memorandum of understanding (MoU) for an offtake agreement with Massachusetts-based energy technology firm Vionx Energy. The announcement lifted Largo’s TSX-V-listed stock by more than 4% to C$0.47 apiece on Monday. 

Largo makes vanadium-redox flow battery mark with nonbinding offtake MoU
Photo by Largo Resources
Largo Resources' Maracás Menchen mine, Brazil

Turkish gold miners operate unhindered during attempted coup

By: Henry Lazenby     18th July 2016 Turkey-focused miner Alacer Gold reported Sunday that the Çöpler mine was operating as normal and that there were no local disruptions in the wake of a military coup d'état attempt on the government of Turkish President Recep Tayyip Erdoğan. The TSX- and ASX-listed company reported that after it... 

Turkish gold miners operate unhindered during attempted coup

Strategic ‘levers’ need to be engaged to ensure miners can successfully emerge from current turmoil – EY

By: Dylan Slater     15th July 2016 Mining companies must move faster to generate cash and strengthen their balance sheets to ensure they can successfully navigate ongoing volatility, a report by EY has shown.  

Strategic ‘levers’ need to be engaged to ensure miners can successfully emerge from current turmoil – EY
PAUL MITCHELL Extracting greater value from existing assets can drive productivity and help mining and metals companies manage risk

Custom-built chillers installed at Tanzanian gold mine

By: Ilan Solomons     15th July 2016 Mine ventilation, refrigeration and air-cooling installations provider BBE Projects has installed two new custom-built Frick ammonia water chillers at gold miner Acacia Mining’s Bulyanhulu gold mine’s West shaft, in the Shinyanga region of Tanzania.   The chillers were manufactured by technology... 

Custom-built chillers installed at Tanzanian  gold mine
AMMONIA WATER CHILLER The system will supply chilled water to a surface bulk air cooler at a second ventilation shaft developed to service Bulyanhulu’s extended mining operations

Permanent shaft-sinking starts at Ivanhoe’s Platreef project

By: Henry Lazenby     14th July 2016 Permanent sinking work has started on Shaft 1 at the Platreef platinum-group metals/nickel/copper/gold mine in South Africa, proponent Ivanhoe Mines reported Thursday. The 7.25-m-wide Shaft 1, was planned to give initial access for early underground development at the Flatreef deposit and would... 

Lithium bubble floats higher as investors ignore dangers

By: Simon Rees     11th July 2016 Lithium is in a bubble and many investors have taken positions in companies with little prospect of achieving a market presence, let alone creating value, Resource Maven newsletter writer Gwen Preston told Mining Weekly Online in a recent interview. “Lithium stocks are in a bubble and many of... 

Lithium bubble floats higher as investors ignore dangers
Photo by Reuters
Lithium stocks are in a bubble and many of them have outperformed the market

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals

By: Henry Lazenby     8th July 2016 Bank of America Merrill Lynch (BofAML) has adjusted the price forecast for most mined commodities, citing increased market uncertainty favouring precious metals over the base metals pricing outlook. So far this year, mined commodities have rallied sharply, reinforcing analysts’ view that... 

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals
BofAML sees increased market uncertainty favouring precious metals over the base metals pricing outlook

Eastplats launches formal review of subsidiary sale agreement

By: Henry Lazenby     8th July 2016 The new board of Vancouver-based Eastern Platinum on Friday announced that it is reviewing a transaction in which the previous board and management bought out the minority interests in all the company's assets. The newly reconstituted board, proposed by Hong Kong-based activist shareholder Ka An... 

Canadian miner well positioned to build Houndé

     8th July 2016 The planned ramp-up of Canadian gold miner Endeavour Mining’s Karma mine in  north-central Burkina Faso and the strength of its other operations has ensured that the company is well positioned to build its Houndé project, which will further enhance the quality of its portfolio, CEO Neil Woodyer... 

Canadian miner well positioned to build Houndé
IMITATION GAME Houndé’s construction will replicate that of Endeavour’s Agbaou mine, in Côte d'Ivoire

Construction of tailings storage facilities at Tharisa platinum mine to be completed in six months 

By: Dylan Slater     8th July 2016 Mine development and construction company Fraser Alexander has concluded a contract for platinum group metals (PGM) miner Tharisa Minerals to install and commission a tailings storage facility at its Tharisa mine.  

Construction of tailings storage facilities at Tharisa platinum mine to be completed in six months
Fraser Alexander CEO Velile Nhlapo tells Mining Weekly about the company’s latest tailings contract

Mines need to overcome current challenges in the near future

By: Victor Moolman     8th July 2016 The South African economy contracted by 1.2% quarter-on-quarter during the first quarter of 2016, dragged lower by the poor performance of mining and agriculture – the economy was also 0.2% weaker year-on-year. The performance of mining came amid a drop in volumes and weak commodity prices and... 

Mines need to overcome current challenges in  the near future
TRYING TIMES Mines have to improve operations to stay afloat in the global economy

Reactore Solutions

     8th July 2016 Reactore is a modular ERP system that is uniquely able to integrate with all major software and hardware systems in use at the majority of mines.  The solution is written with Scala, a reactive technology, providing real time data flow for timely scheduling and management of operations and... 

Reactore Solutions
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