http://www.miningweekly.com
R/€ = 15.67 Change: -0.33
R/$ = 13.96 Change: -0.27
Au 1321.40 $/oz Change: 0.32
Pt 1026.50 $/oz Change: 4.50
 

Project Management News

New explorer Ocean Minerals to look offshore Cook Islands for REEs

By: Henry Lazenby     29th September 2016 Recently formed US-based exploration company Ocean Minerals is heading to the exclusive economic zone of the Cook Islands, in the Southern Pacific, to look for rare earth elements (REEs) and scandium on the deep ocean floor. The Houston, Texas-based company on Wednesday joined the likes of... 

Mining Commissioner issues final order on Cliffs' bid over KWG rail claims

By: Henry Lazenby     28th September 2016 The Mining and Lands Commission of Ontario has made a final order, paving the way for an application to the Ontario Ministry of Natural Resources, which was made by Cliffs Natural Resources in early 2012, for the grant of an easement over the claims of KWG subsidiary Canada Chrome Corporation... 

In first Canadian foray, Denham enters into $65m partnership with project developer JDS Silver

By: Henry Lazenby     27th September 2016 Private equity firm Denham Capital has agreed to back private project developer JDS Silver by providing $65-million to complete construction and bring into production the Silvertip mine, in northern British Columbia. At a 30% zinc-equivalent grade, the Silvertip project has one of the... 

Renewables not cost competitive until mid-century – Glencore 

By: Reuters     27th September 2016 Renewable energy will not be cost competitive with fossil fuels until 2050, Glencore said on Tuesday, much later than energy organisations forecast and supporting the mining and trading giant's case for continued investment in coal. Glencore has said coal is still an investment opportunity,... 

Mosaic’s radioactive sinkhole problem could mean mine delays

By: Bloomberg     27th September 2016 As the world’s largest producer of phosphate fertiliser, Mosaic is used to digging up parts of Florida to recover the mineral. But lately, one particular hole is causing the company some headaches. A sinkhole 14 m wide has opened up in a pile of mining waste at the company’s New Wales site, in... 

Mosaic’s radioactive sinkhole problem could mean mine delays

Kinross sells 4.7% stake in Lundin

By: Henry Lazenby     27th September 2016 Gold producer Kinross Gold has agreed to sell a 4.7% stake in Lundin Mining to GMP Securities, amounting to 5.5-million common shares at C$5.60 apiece. Kinross on Monday said the deal was part of its portfolio management strategy and would generate C$30.8-million in gross proceeds. 

Yamana applies to annul second arbiter report in Auriemma proceedings

By: Henry Lazenby     27th September 2016 Yamana Gold has applied to annul a second arbiter report regarding the award to Dr Ricardo Auriemma in litigation dating back to 2003. In May 2013, the Argentinean Commercial Court of Appeals ruled in favour of Auriemma on the breach-of-agreement case against Northern Orion Resources (GNOR),... 

Freeport investors in DRC limbo as Tenke mine sale drags on

By: Bloomberg     24th September 2016 Freeport-McMoran investors have been learning the difficulties of doing business in the Democratic Republic of Congo, where even trying to leave can be an exercise in frustration. On May 9, the world’s largest publicly traded copper producer announced it would sell its 56% stake in the Tenke... 

North American Aboriginals, First Nations join hands to thwart domestic oil development 

By: Henry Lazenby     23rd September 2016 Canadian and Northern US Aboriginal groups and First Nations have, this week, adopted the Treaty Alliance Against Tar Sands Expansion, seeking to officially prohibit and collectively challenge and resist oil sands industry expansion in Alberta. This extends to preventing the transport of such... 

North American Aboriginals, First Nations join hands to thwart domestic oil development

Cash costs plunge below $700/oz at AngloGold’s Mponeng mine

By: David Oliveira     23rd September 2016 South African gold mining major Anglo-Gold Ashanti reported in its six- months through June 30 earnings report, released in mid-August, that its South African flagship operation, Mponeng gold mine, near Carletonville, was one of the lowest-cost producers in South Africa during the first half of... 

Cash costs plunge below $700/oz at AngloGold’s Mponeng mine

Chile's SQM will boost annual lithium hydroxide capacity by 7 500 t

By: Reuters     22nd September 2016 Chilean fertiliser and chemical producer SQM will invest around $30-million by the end of 2017 to increase its annual lithium hydroxide production capacity by 7 500 t, the company said in a press release on Wednesday. As part of the plan to boost capacity from 6 000 t to 13 500 t, the company... 

With a bird in hand, Northern Superior targets fall drill campaign to grow openpitable resource 

By: Henry Lazenby     21st September 2016 With a compliant six-figure inferred resource in hand, project generator Northern Superior Resources is preparing for aggressive growth campaigns this fall and winter at some of its Quebec- and Ontario-based assets. After going into hibernation mode in 2012, with the intensification of the... 

With a bird in hand, Northern Superior targets fall drill campaign to grow openpitable resource

Ontario strikes deal with Bedrock to restructure US Steel Canada

By: Reuters     21st September 2016 The province of Ontario said on Wednesday that it has signed an agreement with equity fund Bedrock Industries LP to restructure US Steel Canada, but the deal still requires approval from other stakeholders and a Canadian court. The plan, in a memorandum of understanding, must still be accepted... 

Ontario strikes deal with Bedrock to restructure US Steel Canada

Barrick sees ‘perfect storm’ brewing around cost-effective renewables

By: Creamer Media Reporter      20th September 2016 Renewable-energy sources have reached the stage where they can reduce energy costs as well as emissions, Barrick Gold’s senior manager of energy and greenhouse gases (GHGs), Russell Blades, tells Energy and Mines. “We are seeing a ‘perfect storm’ brewing around renewables. Solar and energy... 

Barrick sees ‘perfect storm’ brewing around cost-effective renewables
Photo by Energy & Mines
Barrick's 20 MW Punta Colorada wind farm, Chile

Despite reaching production vein, PTM lowers guidance again as stoping delays weigh

By: Henry Lazenby     19th September 2016 South Africa-focused miner Platinum Group Metals (PTM) has again lowered its production guidance for the first year of operations at its Maseve mine, in South Africa, citing a delay in ramping up stoping tonnes. Despite monthly output at Maseve increasing to 1 893 oz of platinum, palladium,... 

MGX solves oil well lithium brine separation conundrum through buying clean-tech developer

By: Henry Lazenby     16th September 2016 Canadian diversified project developer MGX Minerals has signed a binding letter of intent to buy a 50% stake in clean-technology developer PurLucid Treatment Solution for staged payments of C$5-million over two years. The transaction represents a solution to MGX’s dilemma of separating oil, to a... 

Miners find investment boost in crowdfunding for venture capital

By: Creamer Media Reporter      15th September 2016 Crowdfunding is an innovation that is slowly catching up with the mining industry. Some old investors may think it's odd for the sector; some might typically associate it with young people raising funds online for worthy causes or to realise and sell inventions. 

Fortune welcomes mining veteran Koropchuk to board

By: Henry Lazenby     15th September 2016 Cobalt project developer Fortune Minerals has appointed mining veteran Glen Koropchuk to its board. Koropchuk, with more than 30 years of mining experience, most recently served as COO of Anglo American affiliate De Beers Canada and was responsible for operations at the Snap Lake and Victor... 

Advantage swoops in on 1 472 ha Salinas Grandes salar within Argentina’s ‘Lithium Triangle’

By: Henry Lazenby     15th September 2016 New explorer Advantage Lithium has signed a letter of intent (LoI) to acquire an option to earn 100% interest in the Stella Marys project, located within the so-called ‘Lithium Triangle’ of Salta province, Argentina. The Vancouver-headquartered company announced Wednesday that the 1 472 ha... 

First global rankings of renewables use by mining companies to be released

By: Creamer Media Reporter      14th September 2016 Renewable energy information provider to the mining industry Energy and Mines has released the initial results of the first global rankings of renewables used by mining companies, identifying that the top 21 mining companies use wind and solar energy to power their operations. The ‘Energy and... 

Ivanhoe starts supplying power from first of three DRC hydropower plant upgrades

By: Henry Lazenby     14th September 2016 Ivanhoe Mines has started supplying electricity to the Democratic Republic of Congo (DRC) national grid from the first of three hydropower plants it has agreed to upgrade in collaboration with its joint venture (JV) partners. Ongoing upgrading work at the Mwadingusha hydropower plant, financed by... 

Cisco to digitally reinvent Barrick’s business

By: Creamer Media Reporter      13th September 2016 US networking equipment provider Cisco has partnered with gold major Barrick Gold to digitally reinvent the miner’s business, the companies announced Monday. The focus will be on research and development over the course of the collaboration, starting the development of a flagship digital... 

Advantage’s search for lithium leads to Mexico

By: Henry Lazenby     13th September 2016 Explorer Advantage Lithium has signed a letter of intent (LoI) for an option to earn up to a 70% interest in several lithium brine exploration projects, located in Chihuahua, north-west Mexico, from Radius Gold. The TSX-V-listed company announced Monday that the four projects were directly... 

Bids received for SQM stake worth up to $2.5bn – reports

By: Reuters     9th September 2016 The sale of a stake in Chile's SQM, one of the world's biggest lithium and iodine suppliers, has attracted widely differing offers, with the highest worth up to $2.5-billion, local media reported Friday. An indirect stake in SQM has been for sale since December, when holding company Oro Blanco... 

Largo closes first tranche of C$4.18m private placement

By: Henry Lazenby     9th September 2016 TSX-listed vanadium producer Largo Resources has closed the first tranche of a private placement of units totalling C$3.36-million. The Toronto-headquartered company sold 7.5-million units in the first tranche, with funds managed by Arias Resource Capital Management buying 5.8-million units for... 

Collusion, price fixing flagged as potential problem areas for mining sector

By: Dylan Slater     9th September 2016 According to tax, assurance and advisory services firm BDO South Africa (BDO SA), the prevalence of collusion and price fixing practices, as well as the cartel behaviour, is rising and may soon, if not already, have effected role-players in the mining industry.  

Atalaya ramp-up gathers pace as it bets on copper

By: Henry Lazenby     8th September 2016 Europe-focused copper producer Atalaya Mining is on track to ramp up output at its Proyecto Riotinto project, in Andalucía, Spain, aiming to produce between 23 500 t and 27 000 t of the red metal by year-end. Since declaring commercial production at the brownfield project (which gave global... 

Eldorado’s China curtain call near complete as it closes $300m Jinfeng sale

By: Henry Lazenby     7th September 2016 Geographically diversified Canadian gold miner Eldorado Gold has completed the $300-million divestiture of its 82% interest in the Jinfeng gold mine, in China, to China National Gold Group. Announced in April, the divestiture is one in a string of deals announced this year as Eldorado exits... 

New Gold stock slides as Rainy River capex broaches a billion

By: Henry Lazenby     7th September 2016 Project developer New Gold has increased the capital requirement for its Rainy River project, in north-western Ontario, by $105-million, which includes a $20-million contingency. This is up from its previous capital expenditure (capex) estimate of $877-million to build the mine. 

Fortune focuses on financing with new VP, CFO appointment

By: Henry Lazenby     7th September 2016 Multimineral project developer Fortune Minerals is redoubling its focus on securing project financing for its Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories (NT), with the appointment of mining veteran David Massola as CFO and VP of financing. With more than 30 years... 

Chamber sees people-centred mine modernisation as major boost for economy  

By: Martin Creamer     6th September 2016 While the modernisation of South Africa’s gold and platinum mines will be a major boost to the South African economy, failure to modernise will put a huge number of jobs at risk. Work done to date indicates that modernisation extends mine life materially, while also preserving mining employment,... 

Chamber sees people-centred mine modernisation as major boost for economy
Chamber of Mines senior executive: modernisation and safety Sietse van der Woude talks to Mining Weekly Online’s Martin Creamer. Video & Video Editing: Nicholas Boyd.

Gangama dry mine aiming for steady state production

     2nd September 2016 Steady-state operation at the Gangama dry mine plant was expected to be achieved within four months, mineral sands company Sierra Rutile reported in June. Plant commissioning of the Sierra Leone-based Gangama dry mine project and the handover from mining project manager DRA Projects to owner... 

Move to high-profile mining yielding benefits for Gold Fields' flagship mine

By: Dylan Slater     2nd September 2016 A move from low-profile to high-profile mining at gold major Gold Fields’ South Deep mine is reaping significant benefits, having improved not only production volumes by 87% in the first and second quarters of 2016, compared with the same period last year, but also increasing other key metrics,... 

Move to high-profile mining yielding benefits  for Gold Fields' flagship mine

Production at Sasol’s Shondoni mine set to start next month

By: Dylan Slater     2nd September 2016 Construction of energy and chemicals company Sasol’s Secunda-based Shondoni mine is approaching completion with first coal production expected this month.  

Production at Sasol’s Shondoni mine set to start next month
SHONDONI MINE Sasol’s new Shondoni Mine is expected to produce its first coal this month

High-grade Sona Hill a potential game changer for Sandspring’s Toroparu project

By: Henry Lazenby     1st September 2016 The discovery of the nearby Sona Hill satellite deposit has blown new life into developer Sandspring Resources’ flagship Toroparu project, in Guyana, providing the prospect of higher grades of gold-only mineralisation – a potential game changer. 

High-grade Sona Hill a potential game changer for Sandspring’s Toroparu project
Photo by Sandspring Resources
Collecting geochemical samples at Sandspring Resources' Toroparu project, Guyana

Lithium X files first compliant resource estimate for Argentina-based Sal de los Angeles

By: Henry Lazenby     31st August 2016 Vancouver-based lithium upstart Lithium X has filed a maiden Canadian National Instrument 43-101-compliant resource estimate for its flagship Sal de los Angeles project, in Argentina, establishing it as a large and high-grade project. Prepared by Chile-based FloSolutions, the technical report... 

Advantage closes option to acquire stakes in Nevada lithium projects, water rights

By: Henry Lazenby     30th August 2016 TSX-V-listed explorer Advantage Lithium on Monday reported that it had successfully closed the acquisition of options to acquire a 70% interest in three Nevada lithium projects, a 50% interest in two Nevada lithium projects and a 100% stake in certain water rights in the Clayton Valley from... 

Wealth Minerals aggressively advances Chile lithium asset acquisitions

By: Henry Lazenby     26th August 2016 The Vancouver- and Santiago-based teams of junior explorer Wealth Minerals have since February put together the largest brine property package in Chile of any junior mining company, in the hopes of capitalising on the rising tide of the energy metal. On Wealth’s team is Marcelo Awad, a former... 

Wealth Minerals aggressively advances Chile lithium asset acquisitions
First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Company Announcements

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
Close