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Companies bought to enhance training offering

Training, supply and management group Workforce Holdings announced in January that it had acquired the various operating companies comprising outsourcing solutions providers Quyn Outsource Solutions. Workforce has predominantly placed staff in nontechnical positions and adding Quyn to its service... 

Legal frameworks key to mining growth in West Africa

By: Simon Sonnekus Revised tax rules and regulations have allowed for greater competition for foreign direct investment and pressure from major donors in the West Africa mining sector, according to Pan-African arbitration and commercial litigation law firm Centurion Law Firm. Centurion Law Firm Legal services... 

Legal frameworks key to  mining growth in West Africa
Photo by Bloomberg
REMARKABLE RESERVES Africa harbours the world’s largest mineral reserves of platinum, gold, diamonds, chromite, manganese and vanadium


By: Creamer Media Reporter Process industry training provider MetSkill is actively involved with the development of the new occupational qualifications for the Quality Council for Trades and Occupations under the Mining Qualifications Authority (MQA). Benoni, Gauteng-based MetSkill, 100% owned by MD Rebecca Sands, has... 

Mineworkers empowered

By: Kimberley Smuts If workers in the mining, energy and construction industries want to improve their financial situation, it is important that they take advantage of the financial literacy programmes currently being rolled out by financial assistance provider Mineworkers Investment Trust (MIT), which supports... 

Mineworkers empowered
Photo by Bloomberg
INVESTING FOR THE FUTURE The Mineworkers Investment Trust's financial literacy training started in Mpumalanga as a pilot study in June 2015 with more training expected to take place this year

Society aims to integrate more students into mining sector 

By: Kimberley Smuts The University of Witwatersrand's Students Mining Engineering Society (SMES) aims to increase the integration of mining engineering graduates into the mining industry this year, as well as to encourage mining engineering students to have an opinion on mining-related issues in South Africa. SMES... 

Society aims to integrate more students into mining sector
FORTUNE MSIBI Mining engineering students face the challenge of a lack of available jobs in the sector, as a result of South Africa’s financial crisis

Technological advancements continue despite mining sector’s downturn

By: Sascha Solomons Beneficial trends and technological advancements in the mining industry are being introduced regardless of the depressed market conditions that the sector faces, says environmental management company I-CAT Environmental Solutions technical manager Morne van Wyk. One such trend is recycling water... 

Technological advancements continue despite mining sector’s downturn
HYFLUX KRISTAL HOLLOW-FIBRE Ensure the effective and environmentally safe reduction of excess wastewater in the mining industry

Mexican miner Penoles' profit falls on financial costs

By: Reuters Mexican miner Penoles on Thursday reported a 65% drop in first-quarter net profit compared to the same period a year earlier, hit by higher financial costs on options it owned. The miner and metals processor which runs the world's largest primary silver producer, Fresnillo, posted a profit... 

Coeur trading at 12-month highs on narrower Q1 loss

By: Henry Lazenby On the back of stronger precious metals prices so far this year, as well as improved first-quarter financials, the NYSE-listed stock of Coeur Mining has risen to a new 12-month high at $7.68 apiece. In the period ended March 31, the miner reported fourth-quarter headline earnings – excluding... 

Arizona Mining closes C$15.6m financing with Osisko Gold Royalties

By: Henry Lazenby Canadian mineral exploration and development company Arizona Mining has closed a C$15.6-million financing with Osisko Gold Royalties, enabling Arizona to undertake an aggressive drill campaign at its flagship Taylor deposit, and for general working capital uses. TSX-listed Arizona has sold a 1%... 

Empty mining pipeline expected to be hot Junior Indaba topic

By: Martin Creamer Mining’s problematic empty pipeline, which should be a major worry to both the mining industry and governments, is expected to be a hotly debated topic at the upcoming Junior Indaba in Johannesburg. Chairperson Bernard Swanepoel said on Monday that the Junior Indaba’s recently launched programme... 

Empty mining pipeline expected to be hot Junior Indaba topic
Photo by Duane Daws
Bernard Swanepoel

Vale reports record output in Q1 as iron-ore price rallies

By: Henry Lazenby Brazilian diversified miner Vale has reported record iron-ore production at 77.5-million tonnes in the first quarter of 2016, marking the highest first-quarter production rate ever, despite output lowering 12% from the December quarter. Carajás, the world’s largest iron-ore mine, locate in... 

On back of strong Q1, McEwen acquires existing NSR royalty on El Gallo mine

By: Henry Lazenby Gold producer McEwen Mining has acquired the existing tiered net smelter return (NSR) royalty on the El Gallo mine, in Mexico, currently paying 3.5% of gross revenue less allowable deductions. The miner advised on Tuesday that it had bought the NSR in return for a $5.25-million payment on closing... 

Excellon on the up as Q1 output rises

By: Henry Lazenby Mexico’s highest-grade silver producer Excellon Resources on Monday rose to a new 52-week high on the TSX, after it reported strong results for the quarter ended March 31. Toronto-based Excellon, which operated the high-grade La Platosa mine, in Durango state, reported that silver equivalent... 

Denham Capital seeks upside advantage during downturn

By: Simon Rees With most metals reaching a bottom, and many of the ‘zombie juniors’ finally laid to rest, opportunities for private-equity companies to find value and upside potential in the mining space have continued to grow. Seeking to tap into these opportunities, private equity firm Denham Capital was... 

Denham Capital seeks upside advantage during downturn

Pan American Silver halts ops at Argentina mine as union, workers clash

By: Henry Lazenby Primary silver producer Pan American Silver on Sunday reported that operations at its Manantial Espejo mine, in the province of Santa Cruz, Argentina, had come to a halt since last week Wednesday, after a labour conflict with the union of mine workers had resulted in a work stoppage.The... 

Hidden Valley mine, Papua New Guinea

By: Sheila Barradas A gold operation, located 90 km south-west of Lae, in the Morobe province.  

Hidden Valley mine, Papua New Guinea

Santacruz Silver lifts Q1 output at Rosario, as Veta Grande ramps up

By: Henry Lazenby Mexico-focused miner Santacruz Silver Mining has reported a strong start to the year after Rosario mine, in San Luis Potosi, improved silver equivalent production by 8.3% over the previous quarter. The Vancouver-based miner on Thursday noted that the Rosario mine produced 290 569 oz of silver... 

Great Panther lifts equivalent production 2% as grades rise

By: Henry Lazenby Mexico-focused silver miner Great Panther Silver has increased silver-equivalent output by 2% year-on-year to one-million ounces for the first quarter ended March 31, as higher grades boosted output. The Vancouver-based miner said silver output fell 10% year-on-year to 539 472 oz, but gold output... 

Yamana lifts gold guidance on back of RDM acquisition

By: Henry Lazenby Bolstered by strong first-quartered output and with the addition of the Riacho dos Machados (RDM) mine, in Brazil, TSX- and NYSE-listed Yamana Gold on Monday said it was increasing its guidance for gold output over the next three years. Toronto-headquartered Yamana said it now expected now... 

Aquila improves recoveries at Michigan-based Back Forty project

By: Henry Lazenby After completing comprehensive and integrated metallurgical testwork, TSX-listed project developer Aquila Resources on Monday reported that it had improved recoveries and the potential for increased production of its flagship Back Forty project's two main metals, gold and zinc. Gold recoveries... 

Coeur reports 15% quarter-on-quarter drop in silver equivalent output

By: Henry Lazenby Silver producer Coeur Mining has reported a 15% quarter-on-quarter drop in silver equivalent output during the three months ended March 31, stating the performance was in-line with expectations as a transition to lower-tonnage, higher-grade and higher-margin underground operations at Guadalupe... 

Antamina mine, Peru

By: Sheila Barradas A copper, zinc, molybdenum, silver and lead concentrates mine, in Huari province’s district of San Marcos, in the Ancash region of Peru. 

Antamina mine, Peru

Silver Wheaton closes $550m offering

By: Henry Lazenby TORONTO ( – Precious metals streamer Silver Wheaton has sold 33.13-million shares to a syndicate of underwriters at $16.60 apiece to raise $550-million. The dual-listed company intended to use the gross proceeds to repay a portion of the debt that was drawn on the company’s... 

Torex suspends ops at El Limon-Guajes mine owing to blockade 

By: Henry Lazenby Less than a week after declaring commercial production, Torex Gold Resources has suspended operations at the El Limon-Guajes (ELG) mine, located in the Guerrero Gold Belt, southwest of Mexico City, saying an illegal blockade was started by three families demanding payments for alleged... 

Two Primero employees die in aircraft crash-landing near San Dimas

By: Henry Lazenby Two employees of precious metals producer Primero Mining, plus a relative of one of the employees, have died following an aircraft crash-landing in the Sierra Madre mountain range, about 15 km from the Tayoltita airport, close to Primero's San Dimas mine in Mexico. Late on Friday, the miner... 

Silver Wheaton launches $575m financing

By: Henry Lazenby The world’s largest precious metals streamer Silver Wheaton has launched a $575-million bought-deal financing on Thursday, to raise funds in order to repay a portion of the debt that was drawn on the company’s $2-billion revolving credit facility in November, to acquire the $900-million silver... 

Nevsun reports strong demand for zinc concentrates

By: Henry Lazenby With cold commissioning of its zinc expansion project under way at Bisha base metals mine, in Eritrea, Canadian miner Nevsun Resources on Thursday reported strong customer demand for its future zinc concentrates. The company said hot commissioning of the zinc plant would be delayed by a month,... 

Sandstorm records 12% drop in Q1 gold equivalent ounces

By: Henry Lazenby Precious metals royalty and streaming firm Sandstorm Gold has sold about 11 000 attributable gold equivalent ounces during the first quarter of 2016, down 12% from the 12 460 gold equivalent ounces it sold in the same period last year. The TSX- and NYSE MKT-listed company advised that the... 

Despite strong performance from Santander, Trevali widens Q4 loss as zinc prices fall

By: Henry Lazenby Canadian zinc producer Trevali Mining has reported a fourth-quarter net loss C$8.3-million, or C$0.03 a share, despite its Santander zinc/lead/silver project, located in Peru, putting in a strong performance. The 76% year-over-year widening of the company’s net loss was mainly owing to lower... 

Research predicts another tough year for commodities

By: Henry Lazenby In the wake of lacklustre discipline by producers to curtail output in the face of relentless price declines, Bank of America Merrill Lynch (BofAML) Global Research was concerned that another leg of lower prices may be required to incentivise another round of cuts for a range of materials. In its... 

Down 25% year-on-year, Scotiabank’s Commodity Price Index expected to rally in March

By: Henry Lazenby Despite Scotiabank’s Commodity Price Index recording its fourth consecutive monthly decline in February when it edged down 0.3% month-on-month, and down 25% year-on-year, analysts expected the index to rally significantly in March. According to a press release commodity prices had rebounded... 

Kootenay Silver consolidates 2.5% NSR on Northair’s La Cigarra project, Mexico

By: Henry Lazenby Canadian explorer Kootenay Silver has acquired a 2.5% net smelter return royalty (NSR) on Northair Silver’s La Cigarra project, in Chihuahua state, Mexico. Under terms of the agreement, Kootenay would buy the NSR for $250 000 in cash upon closing the deal, followed by a second cash payment of... 

White Rock encouraged by NSW gold/silver project’s scoping study

By: Esmarie Swanepoel An updated scoping study for the Mt Carrington gold/silver project, in New South Wales, has increased White Rock Minerals’ confidence in the project. The updated scoping study increased the project’s pre-tax net present value from A$15.5-million estimated in 2014, to A$60.6-million, while the... 

China sets course for smooth economic transition and commodity price gains

By: Simon Rees The retreat of commodity prices on the back of China’s economic shift belied rising levels of uptake and the likelihood of an upcycle later in the decade, CRU Group managing consultant Philip Macoun told an audience at the recent Prospectors and Developers Association of Canada convention.... 

China sets course for smooth economic transition and commodity price gains

Marlin reschedules debt, lifts Golden Reign stake as it prepares to outperform in next 6 quarters

By: Henry Lazenby Mining junior Marlin Gold has secured a lower interest rate on a loan from its principal shareholder Wexford Capital, and increased the facility from $3-million to $35-million in order to lift Marlin's ownership of project developer Golden Reign Resources from 18.3% to 19.9%. TSX-V-listed Marlin... 

Silver Mines raises cash for Bowdens buy

By: Esmarie Swanepoel Junior Silver Mines would raise some A$2.25-million through a share placement to fund the A$1.8-million deposit required for the purchase of the Bowdens silver project, in New South Wales. Gold miner Kingsgate Consolidated in February signed a purchase agreement with Silver Investment Holdings... 

Silver Wheaton closes Panoro early deposit precious metals deal

By: Henry Lazenby TSX- and NYSE-listed Silver Wheaton has closed a deal with project developer Panoro Minerals for an early deposit precious metals purchase agreement on the Cotabambas copper/gold/silver project, in Peru. Silver Wheaton has secured all of the silver and a quarter of the gold output from the... 

Burst bubbles offer salutary lessons for mining industry

By: Simon Rees Speculative bubbles offered useful templates for those seeking to identify new ones through which value can be realised before their inevitable burst, newsletter writer Mickey Fulp told an audience at the recent Prospectors and Developers Association of Canada conference. But bubbles also acted... 

Burst bubbles offer salutary lessons for mining industry
Photo by Reuters
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