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Silver News

South Africa spending less than its peers on mining research and development

By: Mia Breytenbach     20th October 2017 While South Africa had increased its investment in mining research and development (R&D) since 2014, the country’s investment was still below that of its peers, delegates heard during a panel discussion on ‘Technological Innovation and Advancements in the Mining Industry’ at the Joburg Indaba... 

Remove exploration red tape or mining will die, geologist warns 

By: Martin Creamer     19th October 2017 The excessive red tape around minerals exploration must be removed to prevent the demise of South Africa’s vital mining industry, consulting exploration geologist Allan Saad said on Thursday. Saad, who spent 18 years in geological roles with mining major Rio Tinto and who formerly represented the... 

Remove exploration red tape or mining will die, geologist warns
Consulting exploration geologist Allan Saad outlines current exploration constraints to Mining Weekly Online’s Martin Creamer. Photographs: Christo Greyling. Video and Video Editing: Nicholas Boyd.

BHP on track for 7% volume growth in FY18; guidance intact

By: Henry Lazenby     18th October 2017 The world’s largest mining house BHP Billiton said on Wednesday it remained on track for a 7% volume growth in the 2018 financial year, leaving its full-year 2018 guidance unaltered. The Melbourne, Australia-based miner reported its operating results for the three months ended September 30,... 

BHP on track for 7% volume growth in FY18; guidance intact

Atlatsa retreats into hibernation

By: Henry Lazenby     16th October 2017 Black economic empowered platinum group metals (PGMs) company Atlatsa Resources has confirmed that its 51%-owned Bokoni platinum mine, in South Africa, has been placed on care and maintenance on October 1, as part of an Anglo American Platinum- (Amplats-) backed restructuring agreement. The TSX-... 

Polymetal hikes Q3 output by 26%, confirms FY guidance

By: Mariaan Webb     16th October 2017 Russian gold and silver producer Polymetal on Monday reported a 26% increase in its third-quarter gold-equivalent production of 470 000 oz, which is in line with its production plan of 1.4-million ounces for 2017. The third-quarter output included of 370 000 oz of gold, a 38% year-on-year... 

Polymetal hikes Q3 output by 26%, confirms FY guidance
Stockpiles at the Varvara mine.

Anglo Asian lifts Q3 gold output as new mine starts producing

By: Mariaan Webb     13th October 2017 Gold/copper/silver miner Anglo Asian on Friday reported a 2 300-oz quarter-on-quarter production increase as the benefits of a strategic review are starting to show and its newest mine – Ugur – starts contributing to output. The new Ugur openpit started production in September and already has... 

Anglo Asian lifts Q3 gold output as new mine starts producing

Seabridge finds more high-grade mineralisation at Iron Cap

By: Henry Lazenby     6th October 2017 Precious metals explorer Seabridge Gold continues to expand the mineral resources at the Iron Cap deposit, at the company’s Kerr-Sulphurets-Mitchell (KSM) project, in north-western British Columbia. The Toronto-headquartered company said on Tuesday that the long and strong intersections support a... 

Moreton hopes for silver by year-end

By: Esmarie Swanepoel     6th October 2017 ASX-listed Moreton Resources is expected to produce its first silver between now and the end of January next year, with the recommissioning of the existing silver room at its Granite Belt operation, in Queensland. The company on Friday told shareholders that the plan of operations for the... 

BofAML updates mined commodity price forecasts as Chinese policies prop up prices

By: Henry Lazenby     4th October 2017 The Global Research team at the Bank of America Merrill Lynch (BofAML) has updated its price forecasts for mined commodities, saying on Wednesday that its prior price outlook had been too bearish for cyclical raw materials, while the near-term outlook for gold and silver looks less bullish than... 

Open Mineral Exchange revolutionises commodity trading through innovative online platform 

By: Henry Lazenby     4th October 2017 A group of former traders at commodity giant Glencore has created an innovative new cloud-based mineral exchange to make it easier for producers and users to trade physical commodities – cutting out the often costly middle man. “We are reinventing the industry,” Open Mineral Exchange (OME) COO... 

Open Mineral Exchange revolutionises commodity trading through innovative online platform
Photo by Open Minera Exchange
Open Mineral Exchange co-founders COO Ilya Chernilovskiy (L) and CEO Boris Eykher (R).jpg

Four Mexican miners die of gas poisoning – First Majestic

By: Henry Lazenby     3rd October 2017 Mexico-focused precious metals producer First Majestic Silver has reported the death of four miners at its La Encantada mine, in Coahuila state. The miners died of gas poisoning underground, despite carrying all required personal protection equipment, including safety belt breathing apparatuses,... 

US Mint American Eagle Q3 silver coin sales at decade low

By: Reuters     30th September 2017 Third-quarter sales of American Eagle silver coins fell to the lowest in ten years, US Mint data showed on Friday, as the spot price of white metal rebounded above a 15-month low.  

Sierra lifts Yauricocha M&I resources 68%

By: Henry Lazenby     29th September 2017 Canadian miner Sierra Metals announced on Thursday that its ongoing brownfield exploration at the producing Yauricocha mine, located in Yauyos province, Peru, has increased the resource statement's compliant measured and indicated resources by 68%, and its inferred resources by 77%. The... 

Noticeable increase in use of in-cab video surveillance

By: Nadine James     29th September 2017 Internet of Things solutions provider Orbcomm has seen a noticeable increase in mining companies requesting in-vehicle video solutions for their earthmoving and bulk handling equipment. Orbcomm VP of sales for Africa Henry Smith notes that, since the company launched this solution late last year,... 

Noticeable increase  in use of in-cab  video surveillance
HENRY SMITH Stringent mine health and safety requirements are driving the use of in-cab video surveillance

Offshore capital equipment markets come in handy amid ‘turmoil’ in domestic mining sector

By: Dylan Slater     29th September 2017 South African capital equipment manufacturers that are exporting, and which have survived the ongoing turmoil in the mining industry and domestic economic environment, have showed resilience and bear testament to the lifeline provided through exporting products and not relying solely on sales... 

Offshore capital equipment markets come in handy  amid ‘turmoil’ in domestic mining sector

Miner Golden Arrow looks toward fourth discovery as revenue rolls in

By: Henry Lazenby     28th September 2017 “Finally, we’re in production.” Those were the jubilant words of Golden Arrow Resources president and CEO Joseph Grosso to shareholders on Wednesday, during the company’s annual general meeting – the first face-to-face meeting since the company catapulted from explorer, to precious metals... 

Miner Golden Arrow looks toward fourth discovery as revenue rolls in
Photo by Henry Lazenby
Golden Arrow Resources president and CEO Joseph Grosso

Guatemala court clarifies consultation area, denies action on export permit

By: Henry Lazenby     27th September 2017 The TSX-listed stock of beleaguered miner Tahoe Resources fell as much as 13.5% on Wednesday, after the Guatemalan Supreme Court issued a ruling clarifying the specific geographical areas that needs to be included in a fresh round of indigenous consultations; the court also denied action to force... 

BC’s NDP-led govt talks up exploration, mining as basis for building burgeoning communities

By: Henry Lazenby     26th September 2017 British Columbia is ‘ground zero’ for mining in Canada, as technological advances require an ever-increasing volume of metals to satisfy improving standards of living and environment-friendly technologies. This was the key message to attendees at the fourth yearly Resource Breakfast Series held... 

BC’s NDP-led govt talks up exploration, mining as basis for building burgeoning communities
Photo by British Columbia Government
BC Minister for Energy, Mines and Petroleum Michelle Mungall was formally sworn in by Lieutenant Governor Judith Guichon

Argonaut adds resources at its two operating assets

By: Henry Lazenby     23rd September 2017 On the heels of pouring first gold at its brand-new San Agustin project earlier this week, Mexico-focused miner Argonaut Gold has also increased the pit-constrained resources at its two operating mines, the company has advised. At El Castillo, the Toronto-based miner added about 328 000 oz of... 

Tahoe dials up gold guidance as Escobal impasse drags on

By: Henry Lazenby     23rd September 2017 Precious metals miner Tahoe Resources has increased its guidance for expected gold output while its flagship Escobal mine, in Guatemala, continues to languish in care and maintenance, despite holding a valid licence to mine. The Vancouver-headquartered company announced after market close on... 

Primero’s fall from grace accelerates on San Dimas ramp-up delay

By: Henry Lazenby     22nd September 2017 Precious metals producer Primero Mining’s proverbial fall from grace is near complete with the company once more trading in penny stock territory since early September – a level last seen in 2009 and a far cry from its peak at C$8.89 a share in July 2014. The Toronto-based company’s NYSE- and... 

Master Drilling aiming to extend geographical, technological diversification

By: Mia Breytenbach     22nd September 2017 Raise-boring and drilling solutions provider Master Drilling continues to extend its service provision capacity and technology reach, with the company focusing on diversifying into new markets and industries and advancing technologically. “Diversification across geographies, commodities,... 

Master Drilling aiming to extend geographical,  technological diversification
KEY COMPONENT Master Drilling aims to grow business not only in underground mining, but also in openpit mining, which makes up the majority of mining

Integra seizes precious metals opportunity in Idaho

By: Henry Lazenby     20th September 2017 Mere months after Integra Gold was bought out in a deal worth about C$590-million by Eldorado Gold, essentially the same team – reincarnated as Integra Resources – has reached agreement with major Kinross Gold to buy the DeLamar gold/silver mine, in Southern Idaho. The C$7.5-million... 

Dalradian considering ore sorting at Curraghinalt

By: Mariaan Webb     18th September 2017 Gold developer Dalradian Resources is considering investing in technology to separate high-grade gold from waste at the Curraghinalt project, in Northern Ireland, using ore sorting technology. The company recently had a bulk sample of 5 t of mineralised material grading 9.52 g/t tested by... 

Dalradian considering ore sorting at Curraghinalt

Black Mountain divests of silver assets to focus on vermiculite

By: Esmarie Swanepoel     18th September 2017 ASX-listed junior Black Mountain Resources has divested of its non-core US silver assets, in a bid to focus its attention on its Namakara vermiculite mine, in Uganda. The company on Monday told shareholders that it had divested of its 70% stake in two prospective US silver mines in Montana and... 

Improved fundamentals prompt Moody’s to adjust higher several commodity price sensitivity ranges

By: Henry Lazenby     14th September 2017 Improved fundamentals amid global economic growth are expected to sustain a higher pricing environment for the global base metals industry, prompting credit ratings firm Moody’s Investors Service to adjust higher the price sensitivity ranges for copper, iron-ore, and metallurgical and thermal... 

Improved fundamentals prompt Moody’s to adjust higher several commodity price sensitivity ranges

All-season road to Canadian Zinc’s Prairie Creek mine proceeds to regulatory phase

By: Henry Lazenby     14th September 2017 The Mackenzie Valley Environmental Impact Review Board has recommended approval for a proposed all-season road for Canadian Zinc's Prairie Creek mine project, in the Northwest Territories. The review board issued its ‘Report of Environmental Assessment and Reasons for Decision’ on Tuesday and... 

Chamber agrees to Minister's written undertaking

By: Martin Creamer     13th September 2017 The Chamber of Mines advises that, following an approach by legal counsel representing Mineral Resources Minister Mosebenzi Zwane, it has reached an agreement with him through his legal counsel in respect of the chamber’s urgent interdict to prevent the implementation of Mining Charter Three, as... 

Chamber agrees to Minister's written undertaking
Chamber of Mines CEO Roger Baxter

Tahoe’s Escobal mine licence reinstated

By: Henry Lazenby     12th September 2017 Precious metals miner Tahoe Resources has been given the go-ahead to restart its Escobal silver mine, in Guatemala. The announcement sent the company's battered TSX-listed stock soaring by a third on Monday, despite still being down nearly 40% since the start of the year on Tuesday. 

Coeur Mining buys Denham-backed JDS Silver for up to $250m

By: Henry Lazenby     11th September 2017 Private equity firm Denham Capital has agreed to sell its 100% stake in silver producer JDS Silver to Coeur Mining – the largest US-based primary silver producer – in a transaction worth up to $250-million. The transaction will see Coeur gain access to the high-grade Silvertip silver/zinc/lead... 

First Quantum sells another precious metals stream on Cobre Panama

By: Henry Lazenby     8th September 2017 Canadian precious metals streaming firm Franco-Nevada has added another gold/silver stream on First Quantum’s massive $5.5-billion Cobre Panama project, in Panama. First Quantum intends to use the proceeds to partially fund its acquisition of a further 10% interest in Cobre Panama from one of its... 

Benefits of coarse particle flotation tech

     8th September 2017 Coarse particle flotation (CPF) technology can increase mill throughput by as much as 15% to 20% while reducing energy and media consumption, and provides a coarse tailings stream, without a loss in mineral recovery, says Canada-headquartered global flotation technology provider Eriez Flotation.  

Benefits of coarse particle flotation tech
ALMOST PERFECT As little as 1% surface expression is required for nearly complete recovery of coarse particles with the HydroFloat separator

New EnviroLeach process poised to transform metals extraction as we know it

By: Henry Lazenby     6th September 2017 A small Vancouver-based start-up company has created a new environment-friendly chemical process with the potential to disruptively transform metal extraction in the mining and electronic waste (e-waste) sectors, akin to the application of cyanide for gold extraction, which revolutionised the... 

New EnviroLeach process poised to transform metals extraction as we know it
EnviroLeach expects to capitalise on recovering metals from e-waste – the fastest growing portion of municipal waste expected to grow to 50-million tons by 2020

Ivanhoe plans 'new era of production' for historic DRC mine

By: Natasha Odendaal     6th September 2017 TSX-listed Ivanhoe Mines has entered into discussions to start a “new era of production” at the historic Kipushi zinc-copper-silver-germanium mine, in the Democratic Republic of Congo (DRC), that could deliver one of the highest-grade major zinc mines worldwide. Ivanhoe, which, in conjunction... 

Mirasol and Cerro Vanguardia call time on JV

By: Schalk Burger     1st September 2017 The exit by Cerro Vanguardia (CVSA) from its joint venture (JV) with  CTSX-listed Mirasol Resources for the Claudia gold-silver project, in Argentina’s Santa Cruz province, is complete. Mirasol noted on Thursday that it had received the full exploration data set comprising the results of CVSA's... 

Despite high upfront costs, technology investments yield long-term savings – BMI

By: Mia Breytenbach     1st September 2017 With metals and mining companies increasingly investing in technology that will help reduce their carbon footprints, owing to the global drive to lower carbon emissions, meaningful efforts to improve environmental standards in the extractive industries require significant upfront costs, according... 

Despite high upfront costs, technology investments yield  long-term savings – BMI
LONG-TERM BENEFIT BMI expexts long-term cost savings to benefit companies that are ahead of the curve when it comes to prioritising green strategies

Red Metal Mining

     1st September 2017 Diversified project engineering house Red Metal Mining (RMM) is focused on the specialised design of cast resin dry-type transformers, mini substations and electrical automation systems required by mining and associated industries. “Wherever electricity is generated, distributed, or required, we... 

Red Metal Mining

Vedanta appoints interim CEO

By: Creamer Media Reporter      30th August 2017 Diversified miner Vedanta Resources has appointed Kuldip Kaura interim CEO, effective September 1. Current CEO Tom Albanese will step down on August 31. 

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