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Project Management News

Alamos narrows Q4 loss as buoyant outlook bolsters guidance

By: Henry Lazenby     24th February 2017 Intermediate Canadian miner Alamos Gold on Thursday reported a net loss of $20.6-million, or $0.08 a share, for the three months ended December 31, citing stronger earnings from operations, offset by unrealised foreign exchange losses in both the foreign exchange and the deferred tax items. This... 

Delivering integrated power solutions for African projects

By: Tasneem Bulbulia     24th February 2017 Integrated energy solutions provider Zest Energy, a member of the Zest WEG group, is set to hand over a power generation solution for Syrah Resources’ Balama graphite mine, in Mozambique, at the end of April. This flagship project – the company’s largest power plant in terms of power output –... 

Delivering integrated  power solutions for African projects
POWER PROJECT Zest Energy successfully delivered a mobile substation solution to the Kamoa-Kakula mine in the Democratic Republic of Congo

Rapid energy access needed in Southern Africa

     24th February 2017 The rebound in commodity prices should usher in new projects as well as the expansion of existing operations in Southern Africa’s mining industry, but the region, counteractively, has an insufficient power supply, says fast-track mobile turbine power provider APR Energy regional sales director... 

Lithium X's JV receives Argentinian pond construction permit

By: Henry Lazenby     23rd February 2017 Junior lithium explorer and project developer Lithium X's joint venture (JV) with Salta Exploraciones (SESA), at the flagship Sal de los Angeles project, in Argentina, has received permits to build an initial ponding facility. The Vancouver-based company this week said the initial ponding... 

BC confirms mineral exploration tax credits in 5th balanced budget

By: Henry Lazenby     22nd February 2017 The British Columbia provincial government on Tuesday unveiled its fifth consecutive budget in the black, confirming critical fiscal supports for the mineral exploration industry, previously unveiled by Liberal Premier Christy Clark. The 2017/18 budget, which is expected to run a C$295-million... 

BC confirms mineral exploration tax credits in 5th balanced budget
Photo by Geoscience BC
The British Columbia provincial government has confirmed critical fiscal supports for the mineral exploration industry, previously unveiled by Liberal Premier Christy Clark

Giyani sees ‘company maker’ potential in Botswana manganese claims

By: Henry Lazenby     21st February 2017 Canadian junior explorer Giyani Gold is strategically repositioning to take advantage of the rising tide in the energy metals market. After dabbling in several project opportunities in recent years, including an oil and coal infrastructure opportunity in Turkey, and gold exploration in... 

Giyani sees ‘company maker’ potential in Botswana manganese claims
Photo by Duane Daws
Giyani Gold executive chairperson and CEO Duane Parnham believes the company's manganese prospects in Botswana hold “company maker” potential

MAC laments Canada’s declining mining competitiveness

By: Henry Lazenby     17th February 2017 Canada's mining competitiveness is declining, while exploration and mining investment dollars are flowing offshore, a new report by the Mining Association of Canada (MAC) has found. “Very simply, Canada is not as attractive as it used to be for mineral investment and competition for those dollars... 

MAC laments Canada’s declining mining competitiveness
Photo by Agnico Eagle Mines
Agnico Eagle's Meadowbank mine, Nunavut

Coal terminal avoiding ‘catastrophic failure’, doubling equipment capacity

By: Victor Moolman     17th February 2017 Phase 1 of the Richards Bay Coal Terminal (RBCT) yard machine upgrade, in KwaZulu-Natal, will be completed in February 2018, says engineering and infrastructure advisory services company Aurecon. 

Coal terminal avoiding  ‘catastrophic failure’,  doubling equipment capacity
Photo by Duane Daws
SHIP LOADER The Richards Bay Coal Terminal averaged 76 vessels a month in 2016, peaking at 95 vessels in November

Convention aims to bridge communication gap

By: Simone Liedtke     17th February 2017 As a continually evolving industry that operates globally, sometimes the biggest difficulty for the mining industry is getting the right people together in one place to discuss their challenges and find ways to address and, ultimately, overcome them, says Prospectors and Developers Association of... 

Convention aims to bridge communication gap
EIGHTY-FIFTH CONVENTION Prospectors and Developers Association of Canada's 2017 convention will feature more than 400 exhibitors at the investors exchange and 500 at the trade show

Digitisation of project management imperative for project success

By: Victor Moolman     17th February 2017 Business management consultant SSG Consulting will continue to focus on project management and execution as its core business this year, with the intent of increasing its drive to further improve operational throughput of organisations and projects by 30% to 50%, despite the challenges facing the... 

Digitisation of project management imperative for project success
Photo by Duane Daws
MINE UPGRADES The adoption of big data, cloud, business intelligence, artificial intelligence, mobile technology and the digitisation of business will be the primary driver of successful organisations over the next five years

Group to split to improve customer focus

     17th February 2017 Swedish sustainable productivity solutions provider Atlas Copco will create a new company focused on mining and civil engineering, should it receive backing at its annual general meeting in April. 

Group to split to improve customer focus
STREGTHENING FOCUS Mining and Rock Excavation Technique and Construction Tools are expected to benefit from a more focused management responsibility

New US President may benefit the resources sector

By: Henry Lazenby     17th February 2017 While US President Donald Trump is likely to lower US corporate taxes, bringing US dollars back into the country and rebuilding American infrastructure through a massive $1-trillion spending programme, Trump is coming in at the “US midnight” Euro Pacific Capital analyst Peter Schiff says. Markets... 

New US President may benefit the resources sector

Rehabilitation plan important for proper project management

By: Victor Moolman     17th February 2017 Rehabilitation should be included and budgeted for in a project’s initial mine plan to ensure proper project management over the entire mine life cycle, says nonprofit organisation Land Rehabilitation Society of South Africa (LaRSSA) president Raina Hattingh. 

Rehabilitation plan important for proper project management
Photo by Victor Moolman
OFTEN NEGLEGTED Unfortunately, the need for including rehabilitation components early on in mine plans is often neglected in South Africa

Barrick lifts dividend as earnings beat forecast

By: Henry Lazenby     16th February 2017 VCanada’s Barrick Gold, the world’s largest gold producer by volume, announced on Wednesday that it has made significant progress on initiatives to repair its debt-laden balance sheet, declaring a higher dividend to shareholders and renewing its focus on exploration spending. The Toronto-based... 

Barrick lifts dividend as earnings beat forecast

VanadiumCorp inks MoU to produce vanadium electrolyte

By: Henry Lazenby     11th February 2017 TSX-V-listed VanadiumCorp Resource has signed a nonbinding memorandum of understanding (MoU) with Quebec-based industrial company Electrochem Technologies & Materials to collaborate on the development of metallurgical and electrochemical technologies to produce vanadium electrolyte (VE) directly... 

Wellgreen sells noncore Ontario assets, completes Yukon metallurgical testwork

By: Henry Lazenby     11th February 2017 Yukon Territory-focused Wellgreen Platinum has sold a suite of noncore assets held by subsidiary Ursa Major Minerals to a private company for C$200 000, payable over three years. Ursa holds the Ontario properties, comprising the Shakespeare, Shining Tree, Fox Mountain, Stumpy Bay, Porter Baldwin... 

Verde Agritech stock leaps on Brazil enviro licence approval

By: Henry Lazenby     10th February 2017 The TSX-listed stock of plant nutrient project developer Verde Agritech nearly doubled to a new 12-month high late on Thursday, after it announced that the Minas Gerais State Environmental Agency had issued an environmental licence for its Cerrao Verde project. "With this long-awaited... 

Verde Agritech stock leaps on Brazil enviro licence approval
Photo by Verde potash
Cerrado Verde, Brazil

Bisie project to benefit from forecast tin shortfall

By: Simone Liedtke     10th February 2017 The Bisie tin project’s Mpama North prospect in North Kivu province in the eastern region of the Democratic Republic of Congo (DRC) is one of the most significant tin deposits in the world, Alphamin Resources CEO Boris Kamstra explains to Mining Weekly - no other undeveloped tin asset has as... 

Bisie project to benefit from  forecast tin shortfall
NEW LIFE The Bisie tin project and surrounding development has breathed new life into the economic activity of the local communities of North Kivu

Miners report improved production results

     10th February 2017 Platinum producer Lonmin reports a 71% decline in tonnes lost as a result of Section 54 safety stoppages in the three months to December 31, 2016. In its unaudited production results for the first quarter of 2017, Lonmin highlights that its safety strategy remains centred on the belief that zero... 

Miners report improved production results
IMPROVED PERFORMANCE Anglo American Platinum's total platinum production (metal-in-concentrate) was up 2% to 610 100 oz for the fourth quatter of 2016

Nemaska commissions Phase 1 electrolysis cell

By: Henry Lazenby     9th February 2017 Project developer Nemaska Lithium has commissioned the electrolysis cell of its Phase 1 plant, in Shawinigan, Quebec. The company on Wednesday reported continued progress on construction and commissioning of the Phase 1 Hydromet plant. 

New Gold narrows Rainy River funding gap by selling El Morro stream to Goldcorp

By: Henry Lazenby     9th February 2017 New Gold has sold a 4% gold stream on the El Morro project, in Chile, to Canadian gold major Goldcorp for $65-million. The transaction is mutually beneficial to both companies as it bolsters New Gold’s balance sheet as the company pushes through the final stages of the Rainy River project's... 

New Gold narrows Rainy River funding gap by selling El Morro stream to Goldcorp

Argentina lithium projects seek financing as production seen tripling

By: Reuters     8th February 2017 Argentina's lithium carbonate production will triple by 2019, and could grow by even more if companies find financing for various projects they are prepared to launch, industry executives and a government official told Reuters. Demand for lithium - a crucial material in electric car batteries... 

Ivanhoe cleared to relocate informal graves near Platreef project

By: Henry Lazenby     3rd February 2017 Africa-focused project developer Ivanhoe Mines' Ivanplats subsidiary has been cleared by a South African court to continue with the relocation of informal graves located in the vicinity of its $1.2-billion Platreef mine development project, in Limpopo province. Justice John Murphy set aside the... 

Private-equity funds allocating more resources to noninvestment tasks

By: Dylan Slater     3rd February 2017 A survey conducted by professional services firm EY during 2016 reveals that private equity firms are dedicating significant resources to non-investment-related tasks, such as regulatory reporting and increased investor reporting.  

Canada, Mexico strengthen mining ties

By: Henry Lazenby     2nd February 2017 Canada’s Natural Resources Minister Jim Carr on Wednesday inked a memorandum of understanding (MoU) with Mexico's Economy Minister Ildefonso Guajardo Villarreal to solidify the countries’ close bilateral relationship. The MoU for the mining sector will cover geoscience, clean innovation and... 

Industry at inflection point as mining tide rises – Deloitte

By: Henry Lazenby     1st February 2017 Companies that are willing to engage in substantive change by rethinking strategy, embracing technological disruption and adopting a long-term view, will be best positioned to succeed and propel the mining industry forward, a new report by professional services firm Deloitte has found. According... 

US Army Corps ordered to expedite work on Dakota Access Pipeline easement

By: Henry Lazenby     1st February 2017 Acting Secretary of the Army Robert Speer has ordered the Army Corps of Engineers (USACE) to proceed with the easement needed to complete the Dakota Access Pipeline. “This will enable [Dakota Access] to complete the project, which can and will be built with the necessary safety features to... 

US Army Corps ordered to expedite work on Dakota Access Pipeline easement

Graphite One confirms massive value at eponymous project

By: Henry Lazenby     31st January 2017 A recent maiden preliminary economic assessment (PEA) of developer Graphite One’s similarly named project, in Alaska, has confirmed a pre-tax net present value (NPV) of more than a billion dollars, at a conservative 10% discount rate. The PEA also calculated a pre-tax internal rate of return... 

Lithium X strikes again in Argentina with Arizaro lithium project acquisition

By: Henry Lazenby     31st January 2017 Junior explorer Lithium X on Monday announced its latest acquisition in Argentina, bolstering landholdings with the district-scale 33 846 ha Arizaro project that is in one of the world’s largest and least-explored salars thought to contain high lithium brine values. The deal buoyed Lithium X’s... 

New Gold stock tumbles on Rainy River project delay, further capex overrun

By: Henry Lazenby     30th January 2017 The TSX-listed stock of intermediate gold producer New Gold tumbled nearly 26% on Monday after the company announced a three-month start-up delay at its billion-dollar-plus Rainy River project, in Ontario, and a $195-million cost increase. Analysts noted that the Rainy River update increased... 

New Gold stock tumbles on Rainy River project delay, further capex overrun

AME BC reports progress made on key policy issues amid rising commodity tide

By: Henry Lazenby     28th January 2017 Optimism has returned to the junior exploration industry, based on changed market fundamentals and more buoyant commodity prices, the Association for Mineral Exploration British Columbia (AME BC) president and CEO Gavin Dirom tells Mining Weekly Online in an interview. “It’s amazing what... 

AME BC reports progress made on key policy issues amid rising commodity tide
Photo by Henry Lazenby
AME BC chairperson and CEO Gavin Dirom

Caterpillar beats Q4 earnings forecast, optimistic about infrastructure plans

By: Henry Lazenby     27th January 2017 US earthmoving and construction equipment manufacturer Caterpillar has reported flat year-on-year adjusted earnings for the December quarter, reflecting pressure in many of its end markets owing to weak economic conditions in several parts of the world. The Peoria, Illinois-based company reported... 

Caterpillar beats Q4 earnings forecast, optimistic about infrastructure plans

Engineering company commended for AMD treatment plant design

     27th January 2017 Engineering consultant Aecom received a ‘Highly Commended’ citation at Construction World’s 2016 Best Projects Awards for its work on the Eastern basin acid mine drainage (AMD) treatment plant commissioned by State-owned water infrastructure developer Trans-Caledon Tunnel Authority (TCTA). The... 

Engineering company commended for AMD treatment plant design
EASTERN BASIN PLANT Construction on the plant began in June 2014 and was completed in August, costing just under R1-billion

Fluor clinches engineering contract for Eritrean potash project

By: David Oliveira     27th January 2017 Global engineering and construction company Fluor announced earlier this month that it had secured a front-end engineering, design and optimisation contract from ASX-listed potash producer Danakali for its Colluli potash project, in Eritrea. Following a competitive tendering process, initiated... 

Indaba attendance expected to improve in line with investment climate

By: Nadine James     27th January 2017 The cyclical nature of mining continues to be reflected in the attendance figures of the yearly Investing in African Mining Indaba, which is expected to attract greater numbers in 2017, indicating an improvement in economic conditions and the mining investment environment, says event organiser... 

Indaba attendance expected to  improve in line with investment climate
HIGH PROFILE EVENT Twenty-four African Ministers, 30 investor company speakers and 35 mining company speakers will be in attendance at the 2017 event

Juniors to battle for project development prizes at Indaba

     27th January 2017 Identifying the best junior mining companies for investors and supporting the development of new projects is at the core of the annual Investing in African Mining Indaba, says event organiser Mining Indaba MD Alex Grose. 

Juniors to battle for project development prizes at Indaba
ALEX GROSE Participating junior miners will receive feedback from a judging panel comprising members from leading investment management groups at this year’s Investment Battlefield

Latest version of data management solution launching at Indaba

By: Nadine James     27th January 2017 Australian mining software company Micromine will launch the latest version of its data management solution, Geobank 2017, at this year’s Investing in African Mining Indaba, which will be held at the Cape Town International Convention Centre from February 6 to 9. Micromine global marketing... 

Latest version of data management solution launching at Indaba
MICRO-MANAGER Geobank 2017 provides improved functionality and performance, as well as several user benefits that are relevant to exploration and mining.

Mines need to work ‘smarter to survive’

By: Robyn Wilkinson     27th January 2017 Achieving low-cost operation of a mining project starts with identifying as early as possible a strategy that optimises all the modifying factors that stand between converting a project’s in-the-ground mineral resource into an economically mineable mineral reserve, says consulting engineers and... 

Mines need to work ‘smarter to survive’
ANDREW VAN ZYL Mine development strategies require a shift towards partnerships so that all stakeholders can share the responsibility of the direction of the development
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