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Project Management News

FCX stock rises on interim Indonesia export deal despite earnings miss

By: Henry Lazenby     26th April 2017 The NYSE-listed stock of US-based diversified miner Freeport-McMoRan (FCX) on Tuesday closed 7.11% higher despite the miner reporting earnings below analyst forecasts, as investors were pleased with the company reporting resumed copper concentrate exports from Indonesia following a three-month... 

Conflict-free cobalt to remain industry question, opportunity as DRC dominates supply

By: Henry Lazenby     22nd April 2017 Sourcing conflict-free cobalt for application in new technologies, such as lithium-ion batteries, will remain both a concern and an opportunity for manufacturers for years to come, as production is dominated by the politically unstable Democratic Republic of Congo (DRC). The Central African... 

Strengthening fundamentals continue to bolster ‘new age’ metals outlook

By: Henry Lazenby     22nd April 2017 ‘Big money’ investors are increasingly looking to invest in the relatively small ‘new-age metals’ space, comprising metals such as lithium, graphite and cobalt, as strengthening fundamentals for these minerals and an unprecedented high-impact investment opportunity draw the potential for bonanza... 

Strengthening fundamentals continue to bolster ‘new age’ metals outlook

Strongbow’s South Crofty to revive age-old tin mining tradition in Cornwall 

By: Henry Lazenby     21st April 2017 Bolstered by strengthening tin prices and improving fundamental support in the long term, Canadian mineral exploration firm Strongbow Exploration is set to revive a mining tradition in England’s county of Cornwall, that reaches back thousands of years to the early Bronze Age. The company’s... 

Strongbow’s South Crofty to revive age-old tin mining tradition in Cornwall
Strongbow president and CEO Richard Williams discusses the prospect of reviving a Bronze Age mining tradition in Cornwall. Video: Henry Lazenby; Editing: Lionel da Silva.

Strategic mining alliance to clients’ benefit

     21st April 2017 Mine shaft sinking and mining services company Redpath Mining South Africa has entered into an alliance with multidisciplinary construction group Stefanutti Stocks, joining their complementary capabilities and services to enhance benefits to their clients.  

Strategic mining alliance  to clients’ benefit
SINGLE SOURCE Through the Redpath Mining and Stefanuti Stocks alliance, mining clients benefit from a single role-player taking responsibility for an entire project

Americas Silver gains momentum in transition to low-cost producer by 2018

By: Henry Lazenby     19th April 2017 Bolstered by improving silver and base metals prices, junior miner Americas Silver is in the home stretch to deliver on a four-year turnaround strategy at its two operating mining complexes in Sinaloa state, Mexico and Idaho, in the US. “We have a lot of intrinsic value that’s about to be... 

Americas Silver gains momentum in transition to low-cost producer by 2018

Agrium completes commissioning of $720m Borger urea plant, Texas

By: Henry Lazenby     18th April 2017 TSX- and NYSE-listed Agrium has commissioned its new urea plant at the Borger Nitrogen Operations facility, in Texas, having completed its first run of urea production – widely used in fertilisers as a source of nitrogen. The Calgary-based company, which controls the largest retail distribution... 

PTM reviews strategic alternatives as Maseve’s underperformance leaves a hole in pocket

By: Henry Lazenby     18th April 2017 Canadian precious metals miner Platinum Group Metals (PTM) has cut its 2017 guidance from 100 000 oz of platinum, palladium, rhodium and gold (4E) to 85 000 oz 4E, saying it is working with BMO Capital Markets and Macquarie Capital to review and assess corporate and asset-level strategic... 

PTM reviews strategic alternatives as Maseve’s underperformance leaves a hole in pocket

Economics of proposed agreement ‘very attractive’

     14th April 2017 If finalised, a tribute agreement between West Africa-focused diamond development company Stellar Diamonds and diamond mining company Octea Mining will see Stellar simultaneously mine both its wholly-owned Tongo project and the adjacent Tonguma project, in eastern Sierra Leone, with the company... 

Economics of proposed agreement ‘very attractive’
Photo by Reuters
POSSIBLE TRIBUTE AGREEMENT The agreement will allow Stellar to mine the Tonguma licence area alongside the company’s own Tongo project and process and sell any diamonds mined from these concessions

Codelco awards design contract for eighth phase of Talabre tailings expansion to SNC-Lavalin

By: Henry Lazenby     13th April 2017 TSX-listed engineering and construction group SNC-Lavalin has been awarded a contract by Corporación Nacional del Cobre de Chile (Codelco), one of the largest copper producers in the world, to provide detailed design services for the Talabre tailings expansion Phase VIII project, located in the... 

Taseko output rises somewhat while molybdenum prices gain traction

By: Henry Lazenby     13th April 2017 British Columbia-based base metals producer Taseko Mines has produced 41.3-million pounds of copper and 900 000 lb of molybdenum during the first quarter ended March, which was marginally higher than the fourth quarter, but benefitted from continued relative copper price strength and a molybdenum... 

Giyani to start exploration of new ‘proof of concept’ Botswana manganese mine

By: Henry Lazenby     13th April 2017 Exploration firm Giyani Gold will undertake a field exploration campaign on its newly acquired brownfields Kgwakgwe Hill manganese mine, located in the Kanye basin of south-eastern Botswana, to test its thesis that manganese deposits exist in Botswana. The TSX-V-listed company has acquired six... 

Scotiabank’s commodity price index gains 2.2% in February

By: Creamer Media Reporter      13th April 2017 The Scotiabank Commodity Price Index gained 2.2% month-over-month in February as industrial commodities continue to benefit from healthy demand on the back of a stronger global economic outlook, while supply-side idiosyncrasies continue to provide opportunity for differentiation, the banking... 

LatAm water scarcity, pollution to drive more stringent enviro rules

By: Henry Lazenby     12th April 2017 New analysis by the research arm of the Fitch Group, BMI, forecasts water scarcity and contamination in Latin America will drive increasingly stringent environmental regulations in the region over the coming years. While increasing the costs for miners and delaying certain projects, the focus on... 

LatAm water scarcity, pollution to drive more stringent enviro rules

Printed titanium parts expected to save millions in Boeing Dreamliner costs

By: Reuters     11th April 2017 Boeing Co hired Norsk Titanium to print the first structural titanium parts for its 787 Dreamliner, a shift that the Norwegian three-dimensional (3-D) printing company said would eventually shave $2-million to $3-million off the cost of each plane. The contract announced on Monday is a major... 

Printed titanium parts expected to save millions in Boeing Dreamliner costs

Digitalised mining can allow for deeper mining

By: Marleny Arnoldi     7th April 2017 The University of the Witwatersrand (Wits), in Johannesburg, will test its latest developments in digitalised mining technology in underground mining conditions in the next two months at the Sterkfontein caves, a World Heritage Site in Muldersdrift, near Krugersdorp.  

Digitalised mining can allow for deeper mining
Photo by Duane Daws
FRED CAWOOD Deeper mining will remain on hold until government can provide an effective national support system for mines

Preparing to keep top producer spot in S Africa

By: Robyn Wilkinson     7th April 2017 Gold producer AngloGold Ashanti has recommissioned a section of its Mine Waste Solutions operation, located in Stilfontein, in the North West, in order to maintain its current uranium production levels in anticipation of potential future upturns in the international market. 

Preparing to keep top producer spot in S Africa
MANAGING OPERATIONS The Great Noligwa mine was added to the Moab Khotsong operation in 2014, where uranium is produced as a by-product of gold production

Growth in demand for underground equipment efficiency – research

     31st March 2017 A recent trend in the global underground equipment market is the immense push to develop advanced and more effective mining equipment for transportation, excavation, washing and screening processes to help reduce energy costs. 

Growth in demand for underground equipment efficiency – research
Photo by Bloomberg
FUELLING FOCUS Savvy companies are rapidly supplanting outdated machinery with energy efficient alternatives to save costs

How Spanish immersion placed resource hunter Aurania on trail of Ecuador’s ‘lost cities’

By: Henry Lazenby     30th March 2017 Junior explorer Aurania Resources is hot in pursuit of finding the last two of seven ‘lost cities’ in Ecuador abandoned by he Spanish conquistadors centuries ago. With the Toronto-headquartered company on the cusp of closing a C$6-million financing led by Maison Placements Canada and Red Cloud... 

How Spanish immersion placed resource hunter Aurania on trail of Ecuador’s ‘lost cities’
Photo by Aurania Resources
Dr Keith Barron president and CEO Aurania Resources in Ecuador

Automation software improves ease of work

     24th March 2017 Sustainable productivity solutions provider Atlas Copco has introduced the Dynamic tunnelling package, a new automation software for face drilling rigs, such as its Boomer range, which is built for blast hole drilling in underground mining and tunnelling. The package is offered by Atlas Copco’s... 

Mine mechanisation and automation accelerating in South Africa and globally, says Sandvik

By: Ilan Solomons     24th March 2017 The mechanisation and automation of mines in South Africa and globally is accelerating, with ancillary support services, such as information technology (IT), information transfer and data analysis, among others, taking on greater importance, says mining equipment and services provider Sandvik... 

Mine mechanisation and automation accelerating  in South Africa and globally, says Sandvik
SIMON ANDREWS Mining companies have realised that it is no longer good enough just to have high-tech equipment in operation at their projects

More focus needed on ESG factors

By: Johane Turkstra     24th March 2017 Mining companies operating globally need to pay greater attention to their social licence to operate in terms of the environmental, social and governance (ESG) factors associated with their projects, says mining industry consultant MSA principal environmental consultant Robin Bolton.... 

More focus needed  on ESG factors
Photo by Bloomberg
EFFECTIVE MANAGEMENT Environmental, social and governance factors have immense influence on risk management for operations of any size

Moz coalfields to be served by third railway and port corridor

By: Keith Campbell     24th March 2017 Mozambique has taken another step to fulfil the objective of providing comprehensive railway links between the country’s rich coal fields in its inland Tete province and harbours on the coast from which the coal can be exported. Zambeze Integrated Development Corridor (acronymned in Portuguese to... 

Canadian royalties, streaming firm Franco-Nevada reports rising revenues as it looks to diversify

By: Henry Lazenby     23rd March 2017 Canadian gold royalties and streaming firm Franco-Nevada Corp has recorded a 37.6% increase in revenue for 2016, boosted by record ounces delivered and soaring sales. The company, which derives income from 107 producing royalties and streams, achieved a 30.9% increase in gold-equivalent ounces... 

Canadian royalties, streaming firm Franco-Nevada reports rising revenues as it looks to diversify

Fungoni springboard for larger-scale projects

By: Tasneem Bulbulia     17th March 2017 Mineral sands company Strandline Resources intends to use the knowledge and experience gained from the development of its Fungoni heavy mineral sands (HMS) project, in Tanzania, and the operation of an active mineral sands mine to springboard the development of a succession of larger-scale... 

Fungoni springboard  for larger-scale projects
RESOURCE RICH Strandline’s high-grade, zircon-rich Fungoni project has a mineral resources estimate of 16-million tons, grading at 3.1% total heavy minerals

Junior miners under strain as investors increasingly look elsewhere

By: Dylan Slater     17th March 2017 Encouraging investment for junior miners is becoming a persistent issue amid faltering markets and investors are increasingly seeking ways to settle their capital in other markets, stocks and companies that can guarantee their safeguarding and growth.  

Junior miners under strain as investors increasingly look elsewhere

Local procurement targets achieved in 2016

     17th March 2017 Heavy mineral sands extraction and refining company Richards Bay Minerals (RBM) awarded contracts to 12 local community enterprises and five joint ventures (JVs) in 2016, continuing its journey of empowering local businesses. Demonstrating that it is serious about local community empowerment, the... 

Mineral sands merger to facilitate next phase of growth

     17th March 2017 The merger between mineral sands resources companies Sierra Rutile and Iluka demonstrates that Sierra Leone is open for business and able to attract investment from high-profile multinational companies that are keen to participate in the development and growth of the country, says former Sierra... 

Mineral sands merger to facilitate next  phase of growth
PROGRESSING OPERATIONS Iluka expects to invest about $60-million over the next two years to expand on recent improvements to Sierra Rutile’s operations

Breakthrough holmium data storage solution piques Matamec’s interest

By: Henry Lazenby     15th March 2017 Montreal-based rare earths project developer Matamec Explorations is excited about a breakthrough discovery by a team of nanoscience researchers, mainly from IBM’s Almaden Research Centre, in San Jose, California, of the ability to store one bit (1b) of data on a single holmium atom. The... 

Lithium X raises C$15m through bought deal offering

By: Henry Lazenby     15th March 2017 Vancouver-based project developer Lithium X has raised gross proceeds of about C$15-million through a bought deal offering, which it will put to work at its flagship Sal de los Angeles lithium brine project, in Argentina. The junior offered 7.9-million common shares at a price of C$1.90 apiece,... 

Optimism on minerals seen seeping down to grassroots explorers

By: Henry Lazenby     15th March 2017 Noting the optimism exhibited at the recent Prospectors and Developers Association of Canada (PDAC) international convention, held in Toronto, project generator Transition Metals says the fundamental shift in confidence it saw over the past year is consistent with this. “If you look at the... 

Optimism on minerals seen seeping down to grassroots explorers

Tech metals supply lagging demand as electric car production increases

By: David Oliveira     10th March 2017 The burgeoning lithium-ion battery market, the result of increased demand for and production of electric vehicles (EVs), among other end-uses, is making it increasingly difficult for producers of tech metals, such as lithium and cobalt, to keep pace with the demand from technology developers.... 

Tech metals supply lagging demand as electric car production increases

African mining delegation closes TSX

By: Henry Lazenby     9th March 2017 An African mining delegation, comprising government officials and mining companies, rang the closing afternoon bell of the TSX on Wednesday afternoon during the yearly Prospectors and Developers Association of Canada international convention. The delegations joined TMX Group global equity markets... 

African mining delegation closes TSX

ITH corrects Livengood feasibility AISC downwards 23%

By: Henry Lazenby     9th March 2017 Gold project developer International Tower Hill Mines (ITH) has corrected the reported all-in sustaining costs (AISC) metric for its Livengood project, near Fairbanks, Alaska, downwards by nearly 23% to conform with World Gold Council (WGC) guidance.  The Vancouver-based company on Thursday said... 

Upbeat PDAC 2017 attendance points to renewed resource confidence

By: Henry Lazenby     9th March 2017 Attendance at the Prospectors & Developers Association of Canada (PDAC) 2017 convention totalled 24 161, a strong indication that confidence has returned to the mineral exploration and mining industry. “The mineral exploration and mining industry is cyclical in nature and has faced a variety of... 

Upbeat PDAC 2017 attendance points to renewed resource confidence

‘What a difference a year makes’ – analysts outline mostly strong commodity fundamentals despite uncertainty

By: Henry Lazenby     7th March 2017 “What a difference a year makes,” John Butcher, principal economist at commodity consultancy Wood Mackenzie exclaimed during a technical programme at the Prospectors and Developers Association of Canada’s yearly convention this week. While global economic growth came in at a disappointing 2.3% in... 

Stakeholder engagement key to African development success

By: Henry Lazenby     7th March 2017 Capital for development ebbs and flows with global economic cycles, pushing to the fore the need for long-term regulatory security when it comes to multinational miners developing projects in Africa, said Ashanti Gold CEO and director Tim McCutcheon during a panel discussion on Africa’s mining... 

Stakeholder engagement key to African development success

Transformation at the core of Anglo American’s resilience

By: Henry Lazenby     7th March 2017 The ability to innovate and build adaptation into the DNA of mining companies is a critical requirement to successfully navigate major market changes, Anglo American CEO Mark Cutifani said during a keynote address at the 2017 Prospectors and Developers Association of Canada’s yearly convention.... 

Transformation at the core of Anglo American’s resilience
Photo by Duane Daws
Ango American CEO Mark Cutifani says survival meant a massive transformation of the asset base, in a rapid time frame
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