R/€ = 16.47 Change: -0.01
R/$ = 14.51 Change: -0.01
Au 1304.69 $/oz Change: 0.00
Pt 836.28 $/oz Change: 0.00

Project Management News

Malaga may sell Peruvian tungsten assets as financial woes deepen

By: Henry Lazenby     21st May 2013 Tungsten junior Malaga, which owns the Pasto Bueno mine, in Peru, on Tuesday said it could sell its Peruvian assets in an attempt to remain a going concern. Malaga put the Pasta Bueno mine and plant on care and maintenance in the fourth quarter, which had cast significant doubt about its ability... 

Korean tungsten mine hangs in balance as Woulfe Mining faces cash crunch

By: Henry Lazenby     21st May 2013 Woulfe Mining, which is advancing the development of the Sangdong tungsten mine, in South Korea, late last week said it was facing a cash crunch following a company-wide investigation after the resignation of the former executive management team in February. The board and acting CEO Hubert... 

American Vanadium to transform from miner to advanced-tech purveyor

By: Henry Lazenby     16th March 2013 The developer of North America’s most significant vanadium project, American Vanadium, is considering repositioning itself from originally only being a primary high-purity vanadium producer, to being a supplier of electrolyte for use in energy storage systems, and to marketing such systems in... 

Transnet coal-terminal development aims to be concluded by 2020

By: Yolandi Booyens     15th March 2013 As part of its aim to begin coal exports for emerging miners at its Richards Bay port, state-owned enterprise Transnet is nearing completion of the prefeasibility phase of the project’s development, which would be presented to its board in June for approval The project aims to provide export... 

Canada's far north presents challenges, opportunity - Norton Rose

By: Simon Rees     27th February 2013 The mining of precious metals and diamonds in Canada’s far north has been feasible for some time now, but mining for bulk commodities, such as iron-ore, has proven more difficult. Historically, the climate has precluded large-scale mining operations, while the technology and infrastructure... 

Joint ventures important and challenging for mining, says firm

By: Gia Costella     15th February 2013 The mining industry has long been dependent on joint ventures (JVs) and as 20% to 40% of many companies’ assets and income derives from such ventures, US-based advisory firm Water Street Partners warns that new dynamics in the mining landscape have made JVs more important and challenging.   

Consultancy offers tools for early decision-making

15th February 2013 Mining consultancy VBKom Projects notes that option analysis in capital-intensive projects for the mining industry is a challenge for project managers, in which business cases are commonly used as the tool to differentiate the expected value of options.   

Project management identifies fatal flaws early – expert

By: Gia Costella     15th February 2013 Independent mining and minerals management adviser Venmyn Deloitte says its project management service offering has been well accepted by the industry, despite the challenges of project management in an African context.   

Mixed management style required for successful project management

By: Gia Costella     15th February 2013 In any industry, a mixed management style is required for successful project management to keep complex projects running smoothly, within budget and on time, says founder of the German Project Management Association (GPM) and the International Project Management Association (IPMA) former... 

Skills shortages top Canadian Chamber of Commerce’s list of barriers

By: Henry Lazenby     12th February 2013 The Canadian Chamber of Commerce on Tuesday revealed that, for a consecutive year, skill shortages topped its ‘Top 10 Barriers to Competitiveness’ list. The Canadian Chamber's number one issue last year, as identified by the membership, was Canada's skills shortage.  

Project management company brings American solution to Africa

By: Gia Costella     8th February 2013 Project, programme and portfolio management solutions provider The Project Group (TPG) Africa has joined forces with TPG America to bring its integrated project management control system (iPMCS) to Africa. 

Canadian miners focused on cost control, project execution – E&Y

By: Henry Lazenby     7th February 2013 Canadian mining and metals companies are keeping cost control and project execution top of mind this year as shareholders become more risk averse, advisory firm Ernst & Young (E&Y) said on Thursday. "High returns in recent years have attracted a different breed of investor with a different risk... 

Close ties with First Nations key to Canadian mining success - Fontaine

By: Simon Rees     29th January 2013 Few mining companies developing Canadian projects within First Nation (aboriginal) territory would do so without seeking to build a close working partnership. Those who disregard or downplay the importance of First Nation consultation will find their projects languishing in a legal quagmire.... 

Canada Lithium signs second offtake deal

By: Henry Lazenby     10th January 2013 Quebec-focused lithium project developer Canada Lithium, which is currently commissioning its Quebec lithium mine, in Quebec, has signed an offtake agreement with Japanese commodity trader Marubeni to supply lithium carbonate for three years. Canada Lithium CEO Peter Secker on Thursday told... 

Bolivia mining exports seen falling 20% 

By: Joachim Bamrud     21st December 2012 Bolivia’s mining exports will likely decline by 20% this year, partly as a result of reduced private investments amidst regulatory uncertainty, experts say. “The value of Bolivian mining exports will probably fall around 20% in 2012,” says Henry Oporto, a leading expert on Bolivian mining and... 

Tier 1 EPCM service provider discusses role beyond Amplats projects

By: Samantha Herbst     14th December 2012 Despite Anglo American Platinum (Amplats) operating in a challenging climate, owing to weak platinum demand and wage disputes this year, there has been sustained engagement between Amplats and engineering project house TWP, says TWP CEO Digby Glover. He says being selected in 2010 as one of Anglo... 

Export Development Canada expects Ontario 2013 growth slowest

By: Henry Lazenby     23rd November 2012 Export Development Canada's (EDC's) forecast for Ontario's export growth predicts a 3% gain in 2013 after recording a strong 7% gain this year. "While slower growth in auto production and weaker commodity prices will restrain Ontario's exports overall in 2013, the weak headline growth masks a... 

Acquisition by WorleyParsons to aid TWP’s globalisation strategy

By: Leandi Kolver     9th November 2012 The acquisition of project house TWP Holdings by global project delivery company WorleyParsons will assist TWP in effectively achieving its strategic intent to globalise and diversify the business geographically and within different markets, TWP CEO Digby Glover tells Mining Weekly. South African... 

Rugged PC to drive adoption of technologically advanced mining tools

By: Samantha Herbst     2nd November 2012 Texas-based product innovator Xplore Technologies (Xplore) has supplied mining software provider Minlog Australia with a solution to meet the demand for mobile devices capable of operating software in extreme and challenging conditions, which Minlog believes will help advance the development of... 

TMX Group CEO opens TSX on 160th anniversary

By: Henry Lazenby     24th October 2012 The Toronto Stock Exchange (TSX) on Wednesday celebrated its 160th anniversary, prompting TMX Group CEO Tom Kloet and TSX senior VP Ungad Chadda to open trading to mark the occasion. The TSX officially began 160 years ago on October 24, 1852, when a group of Toronto entrepreneurs met to create... 

Metals and mining slides from top M&A industry in Q3 – PwC

By: Henry Lazenby     18th October 2012 Mainly as a result of a slowing Chinese economy, the metals and mining industry fell from its peak as the most targeted industry for mergers and acquisitions (M&A) in 2011, to not even appearing as a top targeted industry in the second and third quarters of this year. PricewaterhouseCoopers... 

Northcliff Resources expects to enter tight market with NB project

By: Henry Lazenby     7th September 2012 New Brunswick project developer Northcliff Resources plans to enter an increasingly tight market within the next three years as it continues to advance towards completing a feasibility study and environmental-impact assessment (EIA) for its Sisson tungsten/molybdenum project by the end of the... 

Baja Mining’s shares spike on director resignations

By: Henry Lazenby     2nd August 2012 Embattled Mexican copper/cobalt/zinc project developer Baja Mining’s shares spiked by 45.45% on the TSX on Wednesday following the resignation of two of its directors. The company’s share price gained two-and-a-half Canadian cents after the company announced that directors Stephen Lehner and Ken... 

Mozambique-focused Noventa fails to gain equity financing

By: Natasha Odendaal     23rd July 2012 Toronto- and London-listed Noventa said on Monday that it was facing possible insolvency if it could not extend a current loan facility or secure longer-term additional financing. Difficult market conditions and limited interest from its investors have dissolved the viability of a $35-million... 

Moma expansion costs rise, project to be completed by year-end

By: Natasha Odendaal     20th July 2012 London-listed Kenmare announced on Friday that capital costs associated with its Moma titanium minerals mine expansion, in Mozambique, had been revised upwards to $350-million from an earlier estimate of $300-million. The revision arose as a result of dimensional inaccuracies in structural steel... 

Beleaguered project developer still on the prowl for funding

By: Henry Lazenby     13th July 2012 Financially struggling mine developer Baja Mining on Friday said it was still hopeful to find additional funding to complete its Boleo copper/cobalt/zinc project in Mexico. Spending at the Boleo project, which is 70% owned by Baja and the rest by a Korean consortium, is expected to be... 

Woulfe Mining obtains additional funding for Korean project

By: Henry Lazenby     12th July 2012 South Korea-focused junior Woulfe Mining on Thursday said financing for its Sangdong tungsten/molybdenum project was moving forward after it signed a memorandum of understanding (MoU) with the country’s Shinhan bank. 

People development at the forefront

By: Janice Healing     22nd June 2012 With 45 000 employees on six continents, the training and development of its employees forms an integral part of the success of EPCM and project management services company Fluor Corporation. 

Fluor targets dominance in African mining and metals

By: Janice Healing     22nd June 2012 With a history in South Africa spanning more than 50 years, global EPCM and project management services company Fluor is a dominant player in the African mining and metals market. The US-based firm became active in South Africa from 1960 when it became involved in Sasol’s solid-to-liquid... 

Gold producers, Indian cutters might fund Canada’s newest diamond mines

By: Matthew Hill     30th May 2012 With positive feasibility studies in hand, companies aim to start building at least three new diamond mines in Canada by the third-quarter of next year, at a combined cost of around $3.4-billion. First the hopefuls, including Mountain Province, Shore Gold and Stornoway, need to raise the finance... 

Sabina sees 300 000 oz/y low-cost mine at Nunavut project

By: Matthew Hill     30th May 2012 Sabina Gold & Silver, hoping to build the Back River gold project in Nunavut’s West Kitikmeot region, on Tuesday said the asset came out of a preliminary economic assessment with a pre-tax $1.1-billion net present value. The study outlined a potential 300 000 oz/y gold mine, costing $450-million... 

Alexis gets $45m loan, to change name to QMX Gold

By: Matthew Hill     30th May 2012 Canada’s Alexis Minerals, which on Tuesday sealed a $45-million loan from Credit Suisse, said it will ask shareholders to vote in June to change the TSX-listed firm’s name to QMX Gold Corporation. The company will also put a 20:1 share consolidation before shareholders to decide on. 

Selwyn massively downsizes flagship zinc project, hangs up for sale sign

By: Matthew Hill     28th May 2012 Canada’s Selwyn Resources said the 8 000 t/day mine plan it was using for a feasibility study at its namesake project in the Yukon would not work at prevailing metals prices, leading it to start a new study on a scaled-back 3 500 t/day operation that would focus on mining high-grade sections.... 

EPA report ‘pure hubris’, says Northern Dynasty CEO as shares capitulate

By: Matthew Hill     23rd May 2012 Shares in Northern Dynasty dropped like a stone on Tuesday, after a US government draft environmental report raised concerns about the contentious Pebble copper project in Alaska, which it owns half of. The Pebble project, which the Vancouver-based company jointly owns with Anglo American, is... 

Offtake funding negotiations ‘well-advanced’, says HudBay

By: Matthew Hill     22nd May 2012 HudBay Minerals, the Canadian base metals producer, is in “well-advanced” talks to secure around $400-million in project financing for its Peruvian project linked to offtake, a spokesperson said on Tuesday. The company late last week called off a notes offering of the same size, citing... 

HudBay cans $400m notes offering, cites market conditions

By: Matthew Hill     21st May 2012 Canada’s HudBay Minerals late on Friday said lousy market conditions caused it to call off the $400-million notes offering it had announced earlier in the week. Standard & Poor’s had given the proposed bonds a B rating, saying the TSX-listed base metals miner business risk profile was... 

Inmet boosts bond offering to $1.5bn

By: Matthew Hill     16th May 2012 Inmet Mining on Tuesday said it lifted the size of the bond financing to fund its Panamanian copper project to $1.5-billion. The senior unsecured notes carry an 8.75% coupon and mature in 2020. 

New industry association launched to advocate clean mining technology

By: Henry Lazenby     14th May 2012 Vancouver-based Clean Mining Alliance (CMA) launched on Monday, with the goal of supporting and advocating technological advancements to help make the mining industry cleaner and more environmentally responsible. Executive director Dallas Kachan said modern frameworks existed to increase social... 

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