http://www.miningweekly.com
R/€ = 15.46 Change: 0.01
R/$ = 13.27 Change: 0.00
Au 1227.47 $/oz Change: -16.64
Pt 818.50 $/oz Change: -10.77
 

Silver News

Tahoe burnishes CSR profile in undertaking to develop indigenous peoples policy

By: Henry Lazenby     14th February 2018 Embattled Canadian miner Tahoe Resources has given itself until the end of the year to formalise a comprehensive new indigenous peoples policy as it deals with community protests in Guatemala, that has shuttered operations at its flagship Escobal silver mine for months. The policy is aimed at... 

Bluebird, Southern sign JV to reopen South Korean silver mine

By: Anine Kilian     12th February 2018 Aim-listed Bluebird Merchant Ventures has signed an agreement with Southern Gold to develop and reopen the Kochang gold and silver mine in South Korea. Under the terms of the agreement, a joint venture (JV) will be formed once Bluebird has spent $500 000 to complete a report on the feasibility to... 

Integra declares maiden resource at Florida Mountain

By: Henry Lazenby     9th February 2018 Development company Integra Resources has declared a maiden resource at its Florida Mountain gold/silver project, located 8.5 km east of Integra's DeLamar deposit, in southwestern Idaho. The Vancouver-based company reported a Canadian National Instrument 43-101-compliant inferred resource of... 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

By: Henry Lazenby     9th February 2018 Ottawa on Thursday tabled new legislation to improve the federal environmental assessment process for mining projects. The legislation is aimed at strengthening and restoring the credibility of Canada's environmental laws. 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

Miranda Minerals gets prospecting right for base metals project in Northern Cape

By: Megan van Wyngaardt     8th February 2018 The Department of Mineral Resources has granted Miranda Minerals a prospecting right in respect of the remainder of Rozynenbosch farm No 104, measuring 6 483 ha, in the Northern Cape. The right is effective from February 5, this year, until February 4, 2021, and relates to the... 

Tahoe joins UNGC corporate sustainability initiative

By: Henry Lazenby     6th February 2018 Precious metals miner Tahoe Resources has signed the United Nations Global Compact (UNGC), the world's largest corporate sustainability initiative. As an official participant of the UNGC, Tahoe joins other international businesses, including a number of industry-leading mining companies, in... 

Tahoe joins UNGC corporate sustainability initiative
Photo by Tahoe Resources
The Escobal mine is the world's third-largest silver mine

S2 identifies gold/silver zones at Storgroven, Sweden

By: Megan van Wyngaardt     6th February 2018 Base of till drilling at the Storgroven target, which forms part of ASX-listed S2 Resources' Skellefte project, in Sweden, has identified two adjacent zones of gold/silver mineralisation, with seven holes ending in mineralisation greater than 1g/t gold and 20 g/t silver. The programme saw 115... 

Centerra approves further funding for European JV partner on 2017 success; gets more credit

By: Henry Lazenby     2nd February 2018 Canadian miner Centerra Gold has approved expenditures of $1.85-million for this year to fund exploration campaigns in Sweden by its joint venture partner (JV) Erris Resources, following encouraging 2017 results. Results of the drill programmes undertaken in the second half of 2017 at the Klippen... 

Seabridge mulls mining Iron Cap deposit sooner

By: Henry Lazenby     2nd February 2018 Continuous successful exploration drilling over the past two years has prompted TSX- and NYSE-listed precious metals explorer Seabridge Gold to re-evaluate its approach to mining at the flagship Kerr, Mitchell and Sulphurets project (KSM), in north-western British Columbia. Based on the... 

Important high-grade gold/copper intersection drilled at Orion's Prieska project

By: Simone Liedtke     1st February 2018 A thick, high-grade massive sulphide intersection with particularly high-grade copper, gold and silver mineralisation that was discovered at Orion Minerals' Prieska project, in the Northern Cape, provides encouragement for the discovery of further extensions to the already extensive... 

Orefinders works towards becoming battery metals company with new acquisition

By: Megan van Wyngaardt     1st February 2018 TSX-listed Orefinders Resources on Thursday said it was upbeat about its newly acquired 100%-owned Mann silver and cobalt mine, in the Cobalt-Gowganda District of Ontario, through which it plans to create a pure play battery metals public company. "The Mann Mines have high-grade silver and cobalt... 

Premier earmarks $83m for 2018 exploration, development initiatives

By: Henry Lazenby     31st January 2018 Canadian precious metals miner Premier Gold Mines has approved a 2018 exploration and development budget of $38.8-million, the company announced on Tuesday. The budget will be supplemented by a further $6-million to be spent at the McCoy-Cove joint venture (JV), in Nevada, funded entirely by... 

Gold juniors Minera Alamos, Corex Gold to merge

By: Henry Lazenby     31st January 2018 Junior mining companies Minera Alamos and Corex Gold have announced a merger of the two TSX-V-listed companies on Tuesday. The merger is expected to create a new entity with a market capitalisation of about C$50-million, with about C$6-million in cash on hand and holding a portfolio of three... 

Gold juniors Minera Alamos, Corex Gold to merge

Brazil, Peru to lead LatAm mineral project development to 2020

By: Henry Lazenby     30th January 2018 Boosted by higher commodity prices in general, miners are increasingly focusing on project development as healthier balance sheets allow them the opportunity to return to their long-term growth strategies. According to data supplied by Fitch-affiliated research firm BMI, two countries are... 

Brazil, Peru to lead LatAm mineral project development to 2020

SA mining will perform relatively well – DMR

By: Nadine James     26th January 2018 Improving commodity prices and upward trends in global demand, especially from major South African trading partners, are expected to reinvigorate the mining industry, enabling it to perform relatively well throughout 2018, the Department of Mineral Resources (DMR) states. The DMR notes that with... 

Water lab services in demand

By: Nadine James     26th January 2018 Isando-based analytical laboratory Set Point Laboratories – a subsidiary of industrial group Torre Industries – has seen an increased number of enquiries and work for its water laboratory division over the past 12 months, says Set Point senior analyst Moses Lelaka. The increased demand for the... 

Water lab services in demand
MOSES LELAKA Set Point analysts test the water monthly at one of its Gauteng-based mining clients

Goldman, Citi final bidders for Scotiabank's metals business – sources

By: Reuters     24th January 2018 The field of prospective bidders for ScotiaMocatta, the metals trading arm of Canada's Bank of Nova Scotia, has narrowed to two, three banking and industry sources said on Wednesday. The two - Goldman Sachs Group and Citi - are undertaking due diligence checks, the sources said. 

Excellon sees stable Q4 production

By: Anine Kilian     23rd January 2018 Having ramped up production at its Mexico-based Platosa mine, TSX-listed silver miner Excellon removed a major bottleneck and demonstrated stable fourth-quarter production despite dry mining conditions. "We have more work to do though, as we are working through normal course transitional issues... 

Trans-Siberian posts record Q4 production

By: Mariaan Webb     19th January 2018 Russian gold miner Trans-Siberian has posted record fourth-quarter production and managed to slightly exceed its full-year guidance, despite operational challenges in the year. The Asacha gold mine, in Kamchatka in Far East Russia, produced a record 12 244 oz of gold in dore in the fourth... 

Materials Price Index rises for tenth week in a row

By: Henry Lazenby     19th January 2018 The Materials Price Index (MPI) from Global Insight by IHS Markit has risen for the tenth consecutive week, the research and consultancy group announced on Thursday. The index added a strong 1.8%, adding to a 15.1% rise since early October, when the current rally started. 

Environment watchdog orders Barrick to close Chilean side of giant Pascua-Lama project

By: Henry Lazenby     19th January 2018 Chile's superintendent of the environment has ordered mining major Barrick Gold to close the Chilean side of the massive, but stalled Pascua-Lama gold/silver project straddling the border between Argentina and Chile. The Superintendencia del Medio Ambiente (SMA) announced a revised sanction on... 

Environment watchdog orders Barrick to close Chilean side of giant Pascua-Lama project

Australian junior to acquire Namibia zinc project

By: Mia Breytenbach     19th January 2018 ASX-listed Tanga Resources will acquire the high-grade Joumbira zinc project, in Namibia, and raise A$1.16-million to fund the transaction and start planned work programmes. The company entered into a binding option agreement to acquire 100% of the issued shares of Namibia-registered Coldstone... 

Australian junior to acquire Namibia zinc project
Photo by Bloomberg
GOOD TIMING Tanga Resources believes that Joumbira is a highly prospective, advanced project, in a world-class mining jurisdiction, with good timing for shareholder exposure to zinc

Tracking Europe's waste: 'There's gold in them landfills'

By: Reuters     18th January 2018 Some of Europe's richest deposits of valuable materials are in the trash, ranging from gold in smartphones to cobalt in electric car batteries, according to a survey of urban mining published on Wednesday. Scrap vehicles, batteries, computers, fridges and other electronic and electrical waste... 

BHP second-quarter iron-ore output up 3%, maintains forecast

By: Reuters     18th January 2018 Global miner BHP on Thursday reported a 3% rise in second-quarter iron-ore production year over year and said it expects to meet its full-year target as prices for the steelmaking ingredient outperform forecasts. BHP's iron-ore output climbed to 72-million tonnes for the three months ended... 

BHP second-quarter iron-ore output up 3%, maintains forecast

Canadian miners welcome new federal business ethics ombudsman

By: Henry Lazenby     18th January 2018 Canada’s Liberal government has introduced a new federally mandated Ombudsman for Responsible Enterprise (CORE) to investigate human rights complaints about the overseas operations of Canadian companies. The watchdog will investigate complaints and, if warranted, will make recommendations to... 

Canadian miners welcome new federal business ethics ombudsman

DRA expands Asia-Pacific footprint

By: Martin Creamer     17th January 2018 Global engineering, project delivery, contract operations specialist and asset management group DRA’s acquisition of Perth-based Minnovo expands its Australian footprint and adds depth to its metallurgical, engineering, procurement, project management, construction and commissioning capabilities... 

DRA expands Asia-Pacific footprint
Photo by Duane Daws
DRA CEO Wray Carvelas

South32 boasts record manganese, aluminium production in December quarter

By: Megan van Wyngaardt     17th January 2018 Triple-listed diversified miner South32 on Wednesday reported that, while it had achieved its guidance for all its operations during the three months to December 31, its South African manganese operations, in particular, exceeded expectations, owing to strong market demand. Saleable ore... 

South32 boasts record manganese, aluminium production in December quarter
Photo by Bloomberg
South32 CEO Graham Kerr

Miners bolster senior ranks in preparation for fast-paced 2018

By: Henry Lazenby     16th January 2018 Several Canadian listed miners reported senior management changes on Tuesday. Marine mining hopeful Nautilus Minerals announced Tuesday that Tariq Al Barwani has been appointed to the role of nonexecutive chairperson. Al Barwani joined the board in May 2016. He is a director and shareholder of MB... 

Tahoe fires 25% of Escobal workforce as Guatemala court process dawdles

By: Henry Lazenby     15th January 2018 TSX- and NYSE-listed Tahoe Resources, whose flagship Escobal mine, in Guatemala, continues to languish in care and maintenance following a court-ordered suspension of its mining permit in July 2017, has moved to reduce the mine’s workforce by 25%, the miner announced on Monday. The... 

Glencore reserves should be valued higher – analysts

By: Martin Creamer     15th January 2018 Investors should be prepared to value the reserves of metal that Glencore owns more highly to reward the proactive approach that the London- and Johannesburg-listed diversified mining company has towards managing its assets. Reflecting on the decision of Glencore to pull metal from the market... 

Glencore reserves should be valued higher – analysts
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

First Majestic to buy distressed Primero, reforms San Dimas silver stream accord

By: Henry Lazenby     12th January 2018 The dismantling of former precious metals producer Primero Mining is nearly complete with the company announcing on Friday that Mexico-focused miner First Majestic Silver will buy the distressed company for $320-million. Under terms of an arrangement agreement between the two companies, all of... 

First Majestic to buy distressed Primero, reforms San Dimas silver stream accord
Photo by Primero Mining
San Dimas, Mexico

Smarter mining, manufacture, agriculture needed, says IDC’s Maia 

By: Martin Creamer     12th January 2018 South Africa needs to aim towards smarter mining, smarter agriculture and smarter manufacturing. “It’s about taking all the major sectors of the economy forward, with each feeding on the other,” says Industrial Development Corporation (IDC) research and information head Jorge Maia of the roles... 

Smarter mining, manufacture, agriculture needed, says IDC’s Maia
Industrial Development Corporation research and information head Jorge Maia and Unctad economic affairs officer Stefan Csordas respond to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Strong commodity price rally lifts IHS Materials Price Index for ninth consecutive week

By: Henry Lazenby     12th January 2018 The IHS Materials Price Index (MPI) is in its ninth consecutive week of gains, jumping 2.8% last week – the strongest weekly performance since early September. According to IHS Markit economist Cole Hassay, the MPI was supported by broad-based positive indicators, with eight of ten subcomponents... 

Ascendant on the rise as team delivers on 2017 mine turnaround strategy

By: Henry Lazenby     11th January 2018 Investors welcomed a report by TSX-listed base metals producer Ascendant Resources on Thursday that it has beaten its maiden 2017 production guidance after successfully executing a turnaround strategy for its underperforming flagship asset. The news pushed the miner’s TSX-listed stock more than... 

Ascendant on the rise as team delivers on 2017 mine turnaround strategy
Photo by Ascendant Resources
Ascendant Resources' El Mochito mine, Honduras

Valor hikes mineral resource estimate for Berenguela project

By: Natasha Odendaal     9th January 2018 ASX-listed Valor Resources on Tuesday announced an 80% increase in its Joint Ore Reserve Committee-compliant mineral resource estimate, along with a maiden measured resource estimate, for the Berenguela copper/silver project, in southern Peru. The company’s 2017 drilling programme delivered a 37%... 

SSR Mining receives EIA approval for Chinchillas

By: Henry Lazenby     28th December 2017 Argentine regulatory authorities have approved the environmental impact assessment (EIA) for joint-venture (JV) subsidiary Puna Operations’s Chinchillas precious metals project. Owned 75% and operated by SSR Mining, Puna Operations was formed earlier this year as a JV vehicle with gold junior... 

Pan American Silver develops La Morocha deposit to supplement Manantial Espejo feed

By: Henry Lazenby     22nd December 2017 A prefeasibility study on Pan American Silver's La Morocha deposit, which is part of the Joaquin project, located in Santa Cruz, Argentina, has recommended that the deposit be developed to provide supplemental ore feed for the Manantial Espejo mill. Vancouver-based Pan American said on Thursday... 

Semarnat issues Great Panther with Topia Phase 2 tailings permit

By: Henry Lazenby     19th December 2017 The Mexican environmental authority Semarnat has granted Great Panther Silver all the permits required to build and operate the new Phase II tailings storage facility (TSF) at its Topia mine, in Durango state, Mexico. The Vancouver-based company said on Monday that the permits, in combination... 

Latest News

more

Latest Videos

more

Press Office

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
Free daily email newsletter Register Now
Close