http://www.miningweekly.com

Global Mining News in real time

Project Management News

Modular Mining Systems honours Palabora Copper for using its solutions for 30 years

By: Chantelle Kotze Mine management solutions provider Modular Mining Systems last month presented a long-term client service award to refined copper producer Palabora Copper (PC), a subsidiary of Palabora Mining Company (PMC), which extracts and beneficiates copper and other by-products in the Ba-Phalaborwa area,... 

EY’s Canadian Mining Eye falls 15% during Q3, expects sluggish Q4

By: Henry Lazenby Professional services firm EY's quarterly ‘Canadian Mining Eye’ index fell 15% in the September quarter, paring a 9% gain during previous quarter. The firm said on Thursday that the fall in the index was in line with the S&P/TSX Composite index, which also plummeted 15% during the period, while... 

EY’s Canadian Mining Eye falls 15% during Q3, expects sluggish Q4

Canada provides funding for lithium, copper projects

By: Henry Lazenby Canadian mining technology firm Stria Lithium on Wednesday reported that it had received a funding commitment of up to $137 700 from the Canadian federal government to support the company’s work to develop novel lithium processing technologies aimed at producing low-cost, high-purity lithium... 

Bonfire of the juniors avoided as role of alternative finance gathers pace

By: Simon Rees The number of companies that have delisted from the TSX and the TSX-V is far fewer than many commentators predicted, while the level of financing activity by mining companies on both exchanges has also increased, attendees at the mineLatinAmerica convention, in Toronto, were told. Alternative... 

Economic volatility, low commodity prices to hurt mining industry

By: Henry Lazenby Global economic challenges, the strengthening US economy and an imbalance of supply and demand have had a devastating impact on the commodities market, a new report by professional services firm PwC has found. PwC’s 'Gold, silver and copper price report 2015’ noted that low prices had led to... 

Struggling miners see silver lining in FX, cheaper oil

By: Reuters Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize - weaker local currencies and falling oil prices that will help trim their costs. Metal prices have plunged to multi-year lows as the US dollar strengthened against a basket of... 

Platinum industry to promote investment demand for metal

By: Reuters An industry body to promote investment demand for platinum should be set for launch late this year or early 2015 as South African producers try to boost sales in the face of falling prices, industry and banking sources said. The new body, called the World Platinum Investment Council, will most... 

Platinum industry to promote investment demand for metal

Mining sector to herald M&A boom time as planets align – Grant Thornton

By: Henry Lazenby A new report from international firm Grant Thornton has found that the mining sector will experience a new era in mergers and acquisitions (M&A) as a near perfect alignment of factors was taking place. Following a slow period for transactions, in which last year's deal volumes failed to breach... 

Software developers, mining majors collaborate for better, faster mine planning

By: Samantha Moolman Global infrastructure software developer Bentley Systems last week launched its new range of mining software applications, developed in collaboration with mining technology solutions provider Cyest Technology, through a syndicated-driven development programme (SDDP) with mining majors Anglo... 

Software developers, mining majors collaborate for better, faster mine planning
DAVE BODY MineCycle is the first of Bentley’s products created through syndicated development, whereby industry participants were directly involved in developing the software’s definition and design

Mixed signals for global 2015 growth as US recovery gathers pace

By: Simon Rees The US recovery will continue to advance, supporting the uptake and price of several commodities into 2015, CIBC senior economist world markets Peter Buchanan told an audience at the mineLatinAmerica symposium on Tuesday. Even gold, which had come under price pressure over the past week, could... 

Mixed signals for global 2015 growth as US recovery gathers pace

Molycorp stock slides on disappointing earnings

By: Henry Lazenby US rare earths producer Molycorp’s NYSE-listed stock on Wednesday slid more than 19% in after-market trading following the publication of disappointing third-quarter results. Greenwood Village, Colorado-based Molycorp reported a net loss of $105.2-million, or $0.47 a share, for the three months... 

Molycorp stock slides on disappointing earnings

Ivanhoe picks up shovels at Platreef project after S Africa OKs mining right

By: Henry Lazenby South Africa’s Department of Mineral Resources (DMR) has executed the mining right for Africa-focused project developer Ivanhoe Mines' multi-metal Platreef project, near Mokopane, on the Northern Limb of the country’s mineral-rich Bushveld Complex. The mining right, which would allow Ivanhoe to... 

Ivanhoe picks up shovels at Platreef project after S Africa OKs mining right

FMC to lift lithium prices 10% across the board

By: Henry Lazenby Diversified firm FMC Corporation on Tuesday announced a 10% increase, effective from December 1, or as contracts permitted, to the global pricing for all grades of lithium carbonate and lithium salts, including lithium hydroxide, pharmaceutical carbonate and speciality salts. The... 

American Vanadium gains UI certification of Cellcube energy storage systems

By: Henry Lazenby The CellCube vanadium flow energy-storage systems sold by TSX-V-listed American Vanadium in North America has received Underwriters Laboratories (UL) 508A certification, which is considered the single-most-accepted product accreditation in the US and generally a prerequisite for permitting and... 

Report highlights economic impact of gold mining in Ontario

By: Henry Lazenby A recent independent report has highlighted the significant economic impact of Ontario’s mineral sector and found that all stakeholders – including miners, Aboriginal and other local communities, governments and supplier industries – benefitted from the sector’s activity. The University of... 

Largo Resources achieves 71% of Maracas Menchen mine’s first phase capacity

By: Henry Lazenby Vanadium producer Largo Resources' flagship Maracas Menchen mine, in Bahia state, Brazil, last week achieved a production record, representing about 71% of the plant’s designed Phase 1 capacity. The company reported a 40% production rate early this month. 

Importance of developing cutting-edge mining technology stressed

By: Chantelle Kotze The future of mining through the eyes of the next generation places importance on working towards ensuring a sustainable future, by means of developing cutting edge mining technology and finely honed skills. 

Importance of developing cutting-edge  mining technology stressed
LOOKING FORWARD Developing cutting edge mining technology and relevant skills is important in ensuring productive future mines

Global REE supply threatened after reports that 40% of Chinese supply is illegal

By: Henry Lazenby China, the world's most prolific producer of rare earth elements (REE),  has revealed that 40% of its supply is from illegally mined sources in the country, market-focused research house Benchmark Mineral Intelligence analyst Simon Moores reported on Tuesday. Industrial Minerals Company of... 

Global REE supply threatened after reports that 40% of Chinese supply is illegal

Concerns about possible deflationary spiral as commodity prices continue to slide

By: Henry Lazenby In a global economy witnessing passive consumer inflation, sluggish wage growth and falling commodity prices, some market observers have shown concern about the potential for deflation in developed markets. Last month, gold dipped below $1 200/oz, before recovering marginally, as inflation... 

Concerns about possible deflationary spiral  as commodity prices continue to slide

Renewable energy a tough sell for prospective RoF developers

By: Henry Lazenby Among the many challenges facing as many as 20 mining companies holding claims in the Ring of Fire (RoF) mineral region of Northern Ontario, the most significant might be the limited infrastructure. However, besides having to deal with exploration, project planning, First Nations negotiations and... 

Flinders clinches decade-long offtake agreement for Woxna product 

By: Henry Lazenby Vancouver-based Flinders Resources has signed a letter of intent under which ThyssenKrupp Metallurgical Products will sell graphite from the Woxna project, in central Sweden, for ten years. In a statement on Tuesday, Flinders noted that the agreement gave the ThyssenKrupp subsidiary the exclusive... 

Flinders clinches decade-long offtake agreement for Woxna product

In testing economic milieu, Till Capital sees more opportunity than risk

By: Henry Lazenby Despite not being “overnight-bullish” on the resources market, Bermuda-domiciled Till Capital has started an acquisitions phase driven by its hybrid investment strategy, rooted in the reinsurance business. This nontraditional approach has created a company with diversified investments, including... 

In testing economic milieu, Till Capital sees more opportunity than risk

Western Lithium opens organoclay plant in Nevada, eyes lithium prospects

By: Henry Lazenby Canadian firm Western Lithium USA this week ceremoniously cut the ribbon to its Hectatone organoclay plant in Fernley, Northern Nevada, as part of its strategy to supply specialty clays before year-end to the oil and gas sector, before adding battery-grade lithium to its product line-up from 2018... 

Western Lithium opens organoclay plant in Nevada, eyes lithium prospects

Canada Carbon sets ‘gold standard’ for graphite purity in pilot flotation tests 

By: Henry Lazenby The preliminary results from pilot-scale flotation processing of ore from Quebec-focused project developer Canada Carbon’s Miller property has set a new ‘gold standard’ in graphite purity obtained from simple flotation processing. The TSX-V-listed company last week reported that testing by... 

Canada Carbon sets ‘gold standard’ for graphite purity in pilot flotation tests

Commodities under pressure as China continues economic realignment

By: Simon Rees Commodity prices will continue to face near-term challenges that are linked to the dip in Chinese growth. However, support is likely to come from the country’s new economic agenda, Scotiabank VP and commodity market specialist Patricia Mohr told attendees at the recent Global Chinese Financial... 

Commodities under pressure as China continues economic realignment

Ivanhoe blasts media report alleging South African transgressions

By: Henry Lazenby Ivanhoe Mines on Wednesday hit back at a media report by Bloomberg that, among other accusations, alleged the company had rigged representative elections to a community trust that was set up as part of a broad-based black economic-empowerment (BBBEE) deal that gave 20 local communities a 26%... 

Ivanhoe blasts media report alleging South African transgressions

Largo Resources reports stable output at 40% capacity

By: Henry Lazenby TSX-V-listed Largo Resources on Tuesday said its Maracas Menchen mine, located in Bahia state, Brazil, was ramping up as planned, producing at a rate of between 8 t/d and 12 t/d of vanadium pentoxide, or about 40% of total capacity. The operation, which started production early August, had, to... 

Largo Resources reports stable output at 40% capacity

US growth to boost metals uptake despite muted prices

By: Simon Rees The US’s economic recovery is continuing to gather pace, supporting the physical demand for metals, export credit agency Export Development Canada VP and chief economist Peter Hall told members of the Canadian Institute of Mining’s Management and Economics Society last week. However, investment... 

US growth to boost metals uptake despite muted prices

Former Barrick CEO-led group to buy Iamgold niobium mine for $500m

By: Henry Lazenby Canadian gold miner Iamgold on Friday announced that it had agreed to sell its important Niobec niobium mine, in Quebec, to a group of companies led by Magris Resources, the investment company founded by former Barrick Gold CEO Aaron Regent, for $500-million in cash. TSX- and NYSE-listed Iamgold... 

Former Barrick CEO-led group to buy Iamgold niobium mine for $500m

PEA gives Namibia Rare Earths investors a sense of things to come

By: Henry Lazenby A preliminary economic assessment (PEA) of the Lofdal rare earths project, in Namibia, had given investors in project promoter Namibia Rare Earths their first positive indications of the economic potential of the project. The TSX-listed project developer on Wednesday reported the positive... 

PEA gives Namibia Rare Earths investors a sense of things to come

Richmont Mines to rush ramp progress at Island Gold mine, Ontario

By: Henry Lazenby Canadian junior gold producer Richmont Mines on Tuesday announced that it would accelerate ramp construction to the 1.1-million-ounce inferred resource extension below the corporation's cornerstone Island Gold mine, in Ontario. The TSX- and NYSE MKT-listed miner explained that it intended to ink... 

Richmont Mines to rush ramp progress at Island Gold mine, Ontario
First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
R/€ = 13.71Change: -0.01
R/$ = 10.96Change: 0.07
Au 1197.88 $/ozChange: -0.28
Pt 1229.50 $/ozChange: 6.50