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Project Management News

US expands its WTO challenge to China export limits to chromium, other metals

By: Reuters     19th July 2016 The US has expanded its challenge at the World Trade Organisation to China's export restraints on raw materials to include export duties on chromium, as well as its export quotas on antimony, indium, magnesia, talc and tin, the US Trade Representative said on Tuesday. Those raw materials "are... 

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

Bacanora moves headquarters to UK, advances Sonora DFS

By: Henry Lazenby     7th July 2016 Mexico-focused lithium developer Bacanora Minerals on Thursday announced it would re-domicile from Canada to the UK. The company said its Aim listing garnered more investor interest, as demonstrated by the addition of two significant institutions to its shareholder register in the last eight... 

Some services firms report business revival as several commodity prices rise

By: Henry Lazenby     6th July 2016 Certain mining services providers have reported increased interest from customers on both the investor and mining side, saying the slight recovery for many major commodities so far this year had translated into improved business. “Yes, there’s definite improvement in our business, especially... 

Some services firms report business revival as several commodity prices rise

Hong Kong-based Ka An Development executes Eastplats board coup

By: Henry Lazenby     6th July 2016 Hong Kong-based activist shareholder Ka An Development has succeeded in replacing the entire Eastern Platinum (Eastplats) board with its proposed slate of nominees during the company’s annual general meeting (AGM) held early on Tuesday. Vancouver-based Eastplats reported that immediately... 

Largo hits new production record in Brazil

By: Henry Lazenby     6th July 2016 TSX-listed Largo Resources has hit a new production record at its flagship Maracás Menchen vanadium mine, in Bahia, Brazil, topping the previous monthly record by 3%. The Toronto-headquartered company stated Tuesday that during June it had produced 801 t of vanadium pentoxide, compared with the... 

Excellon, Lithium X lift financings

By: Henry Lazenby     5th July 2016 Canadian silver miner Excellon Resources on Tuesday announced that it had increased a previously announced C$10-million bought deal financing lead by Cantor Fitzgerald Canada to C$13.25-million. The Toronto-based company that operates Mexico’s highest-grade silver mine, the La Platosa mine, said... 

Caledonia firing on all cylinders as output ramps up at Zimbabwe-based Blanket

By: Henry Lazenby     5th July 2016 Zimbabwe-focused gold producer Caledonia Mines raised its annualised dividend by 22% to $0.055 a share on Monday, underpinned by increased output as a result of the company’s turnaround strategy at the flagship Blanket mine. “We have increased the dividend not based on improved gold prices, but... 

Caledonia firing on all cylinders as output ramps up at Zimbabwe-based Blanket
Photo by Caledonia Mining
Central Shaft construction at Caledonia Mining's 49%-owned Blanket mine, Zimbabwe

Joburg technical library comes out of mothballs and opens doors to public

By: Dylan Slater     1st July 2016 The public now has access to Johannesburg-based mining, engineering and related disciplines library The Technical Library through a membership programme, after having been outsourced from diversified miner Anglo American.  

Joburg technical library comes out of mothballs and opens doors to public
INFORMATION ON HAND The Technical Library staff provide source-specific material for members of the engineering and mining industry

Largo graduates to TSX listing

By: Henry Lazenby     29th June 2016 Vanadium producer Largo Resources announced Wednesday that the TSX has approved the the listing of its common shares, starting from July 4. The company would retain the ticker ‘LGO’ after trading of its TSX-V-listed stock had ceased on Monday. 

Lithium X appoints former Rockwood executive as COO

By: Henry Lazenby     29th June 2016 Lithium explorer and project developer Lithium X Energy has appointed former Rockwood Lithium Latin America president and CEO Eduardo Morales as its COO, effective immediately. Morales brought 36 years of experience as a chemical engineer to the junior company and was critical in building and... 

More than 10% of Canadian mining and metals companies delisted in 2014/15

By: Henry Lazenby     28th June 2016 More than 10% of the mining and metals companies listed on the TSX and TSX-V had delisted during 2014 and 2015, according to a new study by professional services firm EY. The report, titled 'What is driving delisting in the mining and metals sector in Canada?', found that 41% of companies... 

More than 10% of Canadian mining and metals companies delisted in 2014/15

Higher gold price ensures stable South African sector

By: Simon Sonnekus     24th June 2016 The record high gold price has proven to be a stroke of luck for South African companies functioning within the global gold sector. According to professional services firm KPMG gold commodity lead and partner Daniel Hooijer, the R600 000/kg price has lessened the blow of the low dollar gold price. 

Higher gold price  ensures stable South African sector
DANIEL HOOIJER Depleted gold reserves in South Africa have produced a predicament for companies looking to find new orebodies

Incremental mine development key for gold sector

By: Simon Sonnekus     24th June 2016 In the face of global capital constraints, gold mining companies have been forced to look into alternative options for the development of mines. The gold mining industry is known traditionally for larger-sized operations that require the establishment of a large reserve base as well as large... 

Incremental mine development key for gold sector
Photo by Bloomberg
GROWTH The steady gold price has been a bright light in an otherwise deflated commodities market

Remote operations, automation and use of analytics among the mining shifts highlighted in new report

By: Dylan Slater     24th June 2016 Global management consulting company VCI released its third edition of its yearly report on innovation in the global resource industry during the Southern African Institute of Mining and Metallurgy’s New Technology and Innovation in the Mining Industry colloquium, which was held from June 9 to 10... 

Analyst urges caution as lithium excites and pitfalls multiply 

By: Simon Rees     23rd June 2016 Lithium’s prospects are bright as demand from the battery sector is surging and observers believe it will only get better as more electric vehicles (EV) are produced and new energy storage solutions arise, such as Tesla’s Powerwall technology. Indeed, prices had marched higher, while... 

Analyst urges caution as lithium excites and pitfalls multiply
Photo by Reuters
Rockwood's Lithium plant on the Atacama salt flat, the largest lithium deposit currently in production, in the Atacama desert of northern Chile

Average capex overrun for mining companies hits 37% – EDC study

By: Simon Rees     20th June 2016 The average cost overrun for mining projects studied by Export Development Canada (EDC) has reached 37% over the capital expenditure (capex) budgeted, EDC managing principal Tin Lwin told an audience at a recent meeting of the Canadian Institute of Mining’s Management and Economics Society in... 

Average capex overrun for mining companies hits 37% – EDC study

PTM’s new Maseve mine exploiting one of remaining pieces of Merensky ore

By: Dylan Slater     17th June 2016 Precious metals producer Platinum Group Metals (PTM) is set to capitalise on one of the last outcrops of the Merensky reef in Rustenburg, Limpopo with its newly commissioned Maseve mine.  

Ambatovy JV defers principal payment, Sherritt continues not to fund cash calls

By: Henry Lazenby     15th June 2016 Canadian diversified miner Sherritt International has announced that the group of lenders to its 40%-owned Ambatovy nickel and cobalt mine, in Madagascar, have entered into temporary agreement to defer a principal repayment due on Wednesday, to August 5. The Toronto-headquartered company said an... 

Nemaska to graduate to TSX main board, achieves financing milestones

By: Henry Lazenby     15th June 2016 Quebec-based project developer Nemaska Lithium on Wednesday announced that the TSX has conditionally approved the listing of its common shares. Listing of the shares was subject to the currently TSX-V-listed company’s compliance with all of the requirements of TSX on or before September 8, and... 

Peruvian mining volumes continue to grow as new president takes helm

By: Simon Rees     15th June 2016 The Peruvian mining industry is expected to spur renewed growth in the country as output grows, prices stabilise and revive, several speakers told a recent Peruvian-Canadian Chamber of Commerce economic outlook seminar. The recent Peruvian election was so close that the winner Pedro Pablo... 

Peruvian mining volumes continue to grow as new president takes helm
Photo by Reuters
Incoming Peruvian president Pedro Pablo Kuczynski

As lithium demand rises, investors sharpen focus on Chile, Argentina and Bolivia

By: Henry Lazenby     14th June 2016 In line with the breakneck growth in lithium demand, driven by the unprecedented use of the soft, silver-white metal in new battery technologies, investors are increasingly scrutinising South American countries such as Bolivia, Chile and Argentina, where about 70% of the world’s known lithium... 

As lithium demand rises, investors sharpen focus on Chile, Argentina and Bolivia
Photo by Reuters
Bolivia, Chile and Argentina are likely to become key players in the lithium industry, accounting for more than 70% of the world’s known reserves

New imaging technology to potentially disrupt optical industry

By: Henry Lazenby     13th June 2016 Former Vancouver-based rare earths explorer Elissa Resources has in February rebranded as NexOptic Technology and turned its attention to developing cutting-edge imaging technology in cooperation with Calgary-based acquisition target Spectrum Optix. NexOptic CEO Paul McKenzie explained to... 

New imaging technology to potentially disrupt optical industry
Photo by NexOpticTechnology
A rendering of a comparison of a traditional telescope and the NexOptic telescope prototype

Saskatchewan most attractive Canadian jurisdiction in latest Fraser Institute survey

By: Creamer Media Reporter      9th June 2016 Saskatchewan remains the most attractive jurisdiction for mining investment in Canada, according to the yearly global survey of mining executives released on Thursday by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. The ‘Fraser Institute Survey of Mining... 

Saskatchewan most attractive Canadian jurisdiction in latest Fraser Institute survey

Four new periodic elements named, including Asia’s first discovery

By: Henry Lazenby     9th June 2016 The International Union of Pure and Applied Chemistry (IUPAC) has recommended that the names of four new elements to be added to the periodic table be approved following a five-month public review process that would end on November 8. The elements’ discovery teams were invited to name the new... 

Preliminary licence granted for Horizonte’s Araguaia nickel mine, beneficiation plant

By: Henry Lazenby     8th June 2016 Nickel development company Horizonte Minerals has received a preliminary environmental licence (LP) for the planned Araguaia nickel mine and beneficiation plant from the Brazilian Pará State Environmental Agency (SEMAS). According to the Aim and TSX-listed company, which brought the project from... 

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