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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... 

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... 

Alcoa to curtail 443 000 t of Suriname refining capacity

By: Henry Lazenby US-based aluminium and lightweight alloys producer Alcoa plans to curtail 443 000 t of alumina refining capacity at its Suralco plant, in Suriname. The NYSE-listed company, which earlier this month said that a review of its operations to cut costs could impact 14% of its global smelting capacity... 

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

Mining investment at the core of African economic development

By: Henry Lazenby The potential for broad-based development driven by mineral resources as well as upstream oil and gas remains largely untapped in African countries, but the quest for solutions to make mineral and petroleum resources an engine for growth and development have been a central preoccupation of... 

Mining investment at the core of African economic development

Batteries at the centre of Apple’s EV master plan

By: Henry Lazenby Consumer electronics giant Apple is being sued by lithium-ion battery producer A123 Systems for "systematically" poaching employees to establish a new battery division, expected to power the company’s foray into the electric vehicle (EV) sector. The venture, reportedly named ‘Project Titan’, has... 

Juniors struggle in sea of red tape, fees and demographic losses – Benjamin Cox

By: Simon Rees As the industry prepares for the 2015 Prospectors and Developers Association of Canada’s conference, many have written off the past year as another annus horribilis – a horrible year filled with more impairments, fire sales, debt headaches and muted prices. The junior sector has struggled most,... 

Juniors struggle in sea of red tape, fees and demographic losses – Benjamin Cox

True North Gems updates Greenland precious-gem project PFS

By: Henry Lazenby An updated prefeasibility study (PFS) on Canadian project developer True North Gems' Aappaluttoq ruby and pink sapphire project, in Southwest Greenland, has presented positive results, revealing that the project has an after-tax net present value at an 8% discount rate of $171-million. The mine,... 

Largo Resources defers debt amortisation, extends maturities

By: Henry Lazenby Vanadium producer Largo Resources has received a nonbinding indicative term sheet from its consortium of lenders to defer its debt amortisation schedule and extend the maturities for its construction debt facility and its export credit facilities for its Maracas Menchen mine, in Brazil. The... 

Merger to create new $3.1bn global silicon and specialty metals player

By: Henry Lazenby Spain-based silicon metal, silicon alloys and ferroalloys producer Grupo FerroAtlántica and Miami, Florida-based Globe Specialty Metals will combine in an all-stock transaction to create an international silicon and specialty metals producer with a combined enterprise value of about $3.1-billion.... 

Merger to create new $3.1bn global silicon and specialty metals player

EY’s Canadian Mining Eye index falls 12% in Q4, lower oil prices provide some respite

By: Henry Lazenby Global professional services firm EY’s Canadian Mining Eye index fell 12% in the quarter ended December 31, compared with a 15% decline in the prior period. The index underperformed against the S&P/TSX Composite index, which fell 2% in the last quarter of 2014, while the London Metal Exchange... 

EY’s Canadian Mining Eye index falls 12% in Q4, lower oil prices provide some respite

Mining companies continue to strive for excellence

By: Dylan Stewart North American mining companies are increasingly pursuing superior performance as they respond to low commodity prices, with innovation gaining in importance and energy costs being managed as a diversified portfolio that can be optimised. These form 3 of 10 key mining trends provided to Mining... 

Mining companies continue to strive for excellence
ANDREW SWART The mining industry could be facing a cliff if new mines and developments are not invested in
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