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

‘Attractive’ copper project advances on back of $50m loan

By: Simone Liedtke     26th May 2017 Copper miner Cupric Canyon Capital has secured $50-million to develop its Khoemacau underground mine in north-west Botswana and bring the copper-silver project into production. 

Silver prices seen improving steadily in coming years amid renewed investor demand

By: Ilan Solomons     26th May 2017 Silver prices are likely to continue to rise in 2017 and to do so over the next several years. This is according to New York-based research and consulting firm CPM Group’s recently released ‘2017 Silver Yearbook’ report. The report notes that in 2016 the downward cyclical move of silver appeared... 

Silver prices seen improving steadily in coming years amid renewed investor demand
Photo by KMG
MODERATE IMPROVEMENT PREDICTED Silver prices are not anticipated to increase to ‘phenomenal levels’ once more, but it is predicted that there will be some price improvements

New company aims to be ‘unrivalled’ service provider

26th May 2017 With a focus on safety and supporting its customers, the process of integrating diversified industrial-use products and services provider Komatsu and high-productivity mining solutions provider Joy Global has begun, following the conclusion of a $3.7-billion deal in April. On May 8, executive... 

New company aims to be ‘unrivalled’ service provider
RETAINING FOCUS Newly renamed Komatsu Mining will continue to promote and invest in the Joy Global P&H, Joy and Montabert brands

Bolívar mine, Mexico

By: Thabi Madiba     26th May 2017 A copper/silver/zinc/gold mine located in Urique, in Mexico. 

Bolívar mine, Mexico

NGO sues Guatemala mining Ministry for issuing Escobal licence

By: Henry Lazenby     24th May 2017 TSX- and NYSE-listed Tahoe Resources reported Wednesday that a Guatemala-based nongovernmental organisation (NGO) has filed a claim against the Guatemalan Ministry of Energy and Mines (MEM), alleging that the Ministry failed to consult with a local indigenous group before granting the mining... 

NGO sues Guatemala mining Ministry for issuing Escobal licence
Photo by Tahoe Resources
Escobal, Guatemala

Access to First Majestic’s La Encantada mine blocked by rogue protestors

By: Henry Lazenby     24th May 2017 A group of rogue unionised employees at First Majestic Silver’s La Encantada mine, in Mexico, has formed an illegal blockade, blocking access to the mine and forcing operations to a halt, the company reported Wednesday. These rogue workers cited disagreement with the most recent bonus pay-out,... 

Acacia’s shares fall as Tanzania committee says it under-declared concentrate exports

By: Creamer Media Reporter      24th May 2017 Acacia Mining’s share price on the LSE fell by more than 20% on Wednesday after it reported that a Tanzanian Presidential Committee that was set up to investigate if mining companies are paying their fair share of taxes, had found that the gold miner had not fully declared all minerals contained... 

Inflated base case prices could dent confidence in mine development

By: Henry Lazenby     19th May 2017 Project valuations based on elevated price assumptions in the absence of more reasonable scenarios to provide a more balanced view to the market is potentially damaging to the credibility of management teams, their consultants and the mining industry as a whole, London-based boutique investment... 

Inflated base case prices could dent confidence in mine development

Time to get PDS-ready is now

By: Simone Liedtke     19th May 2017 As of June, all new original-equipment manufacturer (OEM) trackless mobile machines (TMMs) bought by mining houses need to be proximity detection system- (PDS-) ready. 

Time to get PDS-ready is now
PROXIMITY DETECTION SYSTEMS The Booyco PDS warns when pedestrians enter the area around a machine

Fibre-optic pyrometer offers South Africa greater accuracy

By: Nadine James     19th May 2017 The South African minerals and metals processing industry has yet to take advantage of the fibre-optic Calex Fibre-Mini pyrometer, compared with the response from international markets, which has been favourable. The pyrometer, used to measure temperatures of reflective metals, was developed by... 

Fibre-optic pyrometer offers  South Africa greater accuracy
FIBRE-MINI PYROMETER The fibre-optic sensing head withstands up to 200 °C ambient temperature

Legislation plays ‘big role’ in uptake of healthcare services 

By: Simone Liedtke     19th May 2017 In many countries, health and safety legislation is either nonexistent or not effectively enforced and, therefore, greatly influences the number of mining-related work opportunities available for healthcare service providers, such as International SOS in Midrand, South Africa 

Legislation plays  ‘big role’ in uptake  of healthcare services
International SOS medical director Dr Charl van Loggerenberg speaks about 'Duty of Care' and the company's services and products. Camerawork: Nicholas Boyd. Editing: Lionel da Silva

Alcohol testing, education longterm solution to abuse

By: Simone Liedtke     19th May 2017 Testing backed up by educational programmes is a tried and tested method, proven to reduce alcohol-related incidents, drive down absenteeism and improve overall productivity in the mining sector, alcohol detection technology and services provider Alco-Safe director Rhys Evans tells Mining Weekly. 

Alcohol testing, education longterm solution to abuse
EFFECTIVE TESTING Testing needs to be carried out every single day as part of the mine’s standard health and safety policy to be effective

Artemis signs JV over Mt Clement-Paulsens

By: Esmarie Swanepoel     18th May 2017 ASX-listed junior Artemis Resources has inked a joint venture (JV) agreement with Blackrock Metals to undertake a scoping study on the Mt Clement-Paulsens gold and silver project, in Western Australia. The two companies would fund the study on a 50:50 basis, with Artemis telling shareholders on... 

Report sketches optimistic outlook for BC mining sector

By: Creamer Media Reporter      17th May 2017 The mining industry in British Columbia is cautiously optimistic as prices of key metal and resource commodities either rose or stabilised in 2016, new analysis by professional services firm PwC Canada has found. The trend continued into the first quarter, building on net mining revenues rising... 

Golden Arrow, Silver Standard JV ‘a match made in heaven’ as explorer turns producer 

By: Henry Lazenby     16th May 2017 Canadian explorer Golden Arrow Resources has made the leap from project developer to revenue-earning miner in record time through its novel partnership with senior miner Silver Standard Resources, after the latter exercised its option to form a joint venture (JV) with the company that will... 

Golden Arrow, Silver Standard JV ‘a match made in heaven’ as explorer turns producer
Golden Arrow president and CEO Joseph Grosso discusses the creation of a joint venture partnership between itself and Silver Standard Resources to combine the prospective Chinchillas project with the depleted Pirquitas mine, in Argentina’s Jujuy province. Video: Henry Lazenby; Editing: Lionel da Silva.

Trevali Q1 earnings rise on higher sales, price support

By: Henry Lazenby     15th May 2017 Canadian base metals producer Trevali Mining has reported higher first-quarter earnings, as revenues were boosted by significantly higher sales volumes on the back of the Caribou mine declaring commercial production in the third quarter last year, and higher prices. Vancouver-based Trevali, which... 

Down 2.1% last week, IHS Materials Price Index tracks lower for third week

By: Henry Lazenby     12th May 2017 Lacklustre Chinese manufacturing data, coupled with moves by regulators to crack down on risky investments, is fuelling concern that Chinese demand growth is set to decelerate and that it had pushed down commodity prices over the last three weeks, market intelligence firm IHS Markit said in a... 

Mine planning software a must for modern miners

By: Robyn Wilkinson     12th May 2017 In the face of numerous technical challenges, as well as the overall drive to reduce mining costs and improve efficiency amid commodity price volatility, miners globally can no longer afford to operate without using modern analytical, modelling, simulation and optimisation software, says mining... 

Mine planning software a must for modern miners
BOOSTING DEVELOPMENT MICROMINE’s fleet management and mine control solution, Pitram, is assisting Mongolian copper and gold mine Oyu Tolgoi to restart its underground development

Africa demanding more mining tech, new solutions offered

By: Robyn Wilkinson     12th May 2017 The demand for mine planning solutions is on the rise in Africa, with mining solutions developer Maptek Africa GM Nick Venter noting that there is particular interest in new technology that can be integrated with current systems. 

Africa demanding more mining tech, new solutions offered
NEW FRONTIERS The I-Site XR3 laser scanner allows for greater coverage with fewer scans, allowing for the surveying of otherwise out-of-range areas on mine sites

Improved geology function advances mine planning

By: Robyn Wilkinson     12th May 2017 Adding the GeoLogic software solution to the MineSight mine planning suite provides geologists with smart, time-saving modelling and allows for a reproducible, auditable geological model that can be quickly updated with new information, says mining technology developer Hexagon Mining. 

Improved geology function advances mine planning
BETTER VISUALISATION GeoLogic helps geologists build complex shapes, using mathematical algorithms to create a surface or a solid from drillhole data

Dust regulations hinder productivity

By: Simone Liedtke     12th May 2017 Regulations implemented by governmental authorities, including municipalities, and environmental bodies, are impacting significantly on productivity in the global mining industry at a time when opencast operations are running tight margins, says Johannesburg-based mining equipment manufacturer... 

Dust regulations  hinder productivity
IDEAL SOLUTION The T1255III Terrain Leveler surface excavation machine is ideal for use in surface mine applications with drill-and-blast restrictions

Opencast mine equipment relocation method saves costs, time

By: Simone Liedtke     12th May 2017 By loading, transporting and offloading draglines for opencast mining clients in one piece, global engineered heavy lifting and transportation specialist Mammoet is driving project feasibility by saving its clients time and money. 

Opencast mine equipment relocation method saves costs, time
ADDITIONAL SERVICES Mammoet is also capable of moving rock trucks and hydraulic shovels

More technical skills needed

By: Robyn Wilkinson     12th May 2017 Without more technical skills, the future of the Southern African mining industry cannot be secured, says Southern African Institute of Mining and Metallurgy (SAIMM) president Cuthbert Musingwini. Skills development will, therefore, be included on the agenda at this year’s SAIMM Mine Planning... 

More technical skills needed
CUTHBERT MUSINGWINI Mines are required to continuously innovate how they plan and operate their production systems

Precious metals streaming pioneer Silver Wheaton morphs into Wheaton Precious Metals

By: Henry Lazenby     11th May 2017 Following its annual general meeting on Wednesday, shareholders elected to change the name of the pioneer of the precious metals streaming model, Silver Wheaton, to Wheaton Precious Metals. The change of name is effective immediately, and the company’s wholly owned subsidiary, Silver Wheaton... 

Silver Wheaton lifts bottom line 49% as streaming volumes jump

By: Henry Lazenby     10th May 2017 Canadian precious metals streaming firm Silver Wheaton has reported bumper profit for the first quarter ended March, as precious metals received in the period rose and prices increased. The Vancouver-based firm reported net earnings of $61-million, or $0.14 a share, compared with $41-million, or... 

Silver Wheaton lifts bottom line 49% as streaming volumes jump

Osisko Gold Royalties lifts earnings on record ounces earned

By: Henry Lazenby     5th May 2017 Intermediate precious metal royalty company Osisko Gold Royalties has reported higher earnings for the first quarter ended March, as record ounces earned boosted the top and bottom lines. The company’s portfolio of royalty and stream interests delivered a quarterly record 10 418 gold-equivalent... 

McEwen sinks to quarterly loss

By: Mariaan Webb     5th May 2017 Precious metals producer McEwen Mining has reported a first-quarter loss of $3-million, or $0.01 a share, compared with net income of $13-million in same period of 2016. The net loss was mainly the result of a $6.4-million increase in gold and silver sales from the El Gallo mine, in Mexico, and a... 

First Majestic Silver Q1 earnings rise on higher silver price

By: Mariaan Webb     5th May 2017 Precious metals producer First Majestic Silver increased its first-quarter net earnings by 50% quarter-on-quarter to $2.7-million, or earnings a share of $0.02, helped by a higher silver price and lower all-in sustaining costs (AISC). The Vancouver-based miner, which operates six mines in Mexico,... 

Aim-listed explorer and developer changes name as it refocuses vision

By: Ilan Solomons     5th May 2017 Aim-listed natural resource exploration and development company Pembridge Resources – which was known as China Africa Resources up to April 10 – is shifting its focus from being only a developer of mining projects to a company that also provides project financing. Pembridge Resources CEO David... 

Aim-listed explorer and developer changes name as  it refocuses vision
DAVID LINSLEY Pembridge will commit to investing only in mining projects that it believes it can add value to

Yamana lifts full-year guidance on strong Q1 start

By: Henry Lazenby     4th May 2017 Canadian miner Yamana Gold has increased its 2017 guidance to 940 000 oz of gold, from 920 000 oz previously, after reporting a strong operating and financial start to the year. The reduction, when compared with the one-million ounces achieved in 2016, is mainly owing to a new production plan... 

Hudbay narrows first-quarter loss as metals prices rise

By: Henry Lazenby     4th May 2017 Base metals producer Hudbay Minerals has narrowed its first-quarter net loss to $2.3-million, or $0.01 a share, thanks in part to rising copper and zinc prices, but offset by lower copper sales volumes owing to a shipping delay. This compares with a net loss of $15.8-million, or $0.07 a share,... 

Primero rallies despite cost concern; lowers guidance

By: Henry Lazenby     3rd May 2017 The New York-listed stock of Canadian precious metals producer Primero Mining has rallied by some 18% Wednesday morning after the company reported first-quarter operating and financial results, and provided 2017 guidance for the first time this year. The company’s flagship San Dimas mine, in... 

Primero rallies despite cost concern; lowers guidance

Moreton hopes for silver stream in H2

By: Esmarie Swanepoel     3rd May 2017 A restart strategy at the Granite Belt silver project, in Queensland, has found that the project could restart production in the second half of 2017, subject to the receipt of regulatory approvals. Junior Moreton Resources noted that for a capital investment of less than A$12-million, the... 

Tahoe rakes in record earnings as prices rise and costs fall

By: Henry Lazenby     3rd May 2017 Dual-listed precious metals producer Tahoe Resources has reported record cash flows and earnings on the back of strong performance from its portfolio of mines. The Vancouver-headquartered company reported record cash flow provided by operating activities before changes in working capital of... 

Mining consulting outlook stable to positive – consultancy

By: Nadine James     28th April 2017 The short-term outlook for the mining consulting industry is “stable to positive”, says SRK Consulting, a firm of consulting engineers and scientists. SRK partner and principal consultant Andrew van Zyl stresses that the South African economy is still in a transitional phase which – combined with... 

Mining consulting outlook stable to positive – consultancy
ANDREW VAN ZYL Increasingly complex deposits will require thorough and expert technical knowledge, increasing the need for mining consultants

Consulting engineering’s viability proportional to mining’s growth

By: Nadine James     28th April 2017 The consulting engineering industry’s sustainability and growth are largely dependent on and proportional to the mining industry’s sustainability and growth respectively, says industry body Consulting Engineers South Africa (Cesa). Cesa CEO Christopher Campbell notes that the success or decline... 

Consulting engineering’s viability proportional to mining’s growth
CHRISTOPHER CAMPBELL The current impasse between South Africa’s government and its mining industry needs to be resolved

Greater emphasis on ensuring sustainability

By: Nadine James     28th April 2017 Engineering expertise can be used to generate socioeconomic gains for mining companies, particularly in jurisdictions that are dependent on the finite business of mineral extraction, states global engineering and infrastructure advisory firm Aurecon, an adviser to the African mining sector.... 

Greater emphasis on  ensuring sustainability
ECONOMIC TRANSFORMATION Engineering innovation could transform mining assets into new business opportunities

Higher prices revive Capstone outlook for Minto mine

By: Henry Lazenby     27th April 2017 Vancouver-based base metals producer Capstone Mining believes that copper prices have risen and stabilised enough to warrant it keeping the Minto mine, in Canada’s Yukon Territory open until at least 2020, and perhaps beyond. The company has been threatening to close the mine because of low metal... 

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