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Nevsun denies Bisha human rights allegations in lawsuit

By: Creamer Media Reporter A lawsuit has been filed against Vancouver-based mining company Nevsun Resources in the British Columbia Supreme Court by three individuals who claim to have once worked with a local subcontractor at the Bisha mine, in Eritrea, on the Horn of Africa. The TSX-listed company said on Friday that the... 

Callinex to target high-grade copper- and zinc-rich VMS deposits in Manitoba

By: Creamer Media Reporter TSX-listed Callinex Mines has adopted an aggressive new strategy to discover and develop high-grade copper- and zinc-rich volcanogenic massive sulphide (VMS) deposits. The company has identified its Flin Flon and Pine Bay projects as the focus of future exploration based on potential to host the... 

Peruvian government calls strike at biggest copper mine illegal

By: Reuters Peru's government on Thursday branded a 10-day long strike at the country's biggest copper and zinc mine illegal and the operating company Antamina urged laborers to return to work. The strike, which began on November 10 and stoked concerns about global copper and zinc supplies, includes more... 

Vedanta’s Zinc International appoints CEO designate

By: Chantelle Kotze Vedanta Resources’ Zinc International subsidiary has appointed former Anglo American Thermal Coal CFO Deshnee Naidoo as CEO designate. 

Vedanta’s Zinc International appoints CEO designate
Photo by Duane Daws
Vedanta Resources’ Zinc International subsidiary CEO designate Deshnee Naidoo

Vedanta sees Southern Africa as key global zinc supplier

By: Chantelle Kotze LSE-listed diversified miner Vedanta Resources, which last week announced the approval of the three-year R8.7-billion Gamsberg–Skorpion integrated project development, aims to make the Southern African region one of the most important suppliers of refined zinc globally. This was highlighted by... 

Vedanta sees Southern Africa as key global zinc supplier
Photo by Duane Daws
Vedanta Zinc International CEO Kishor Kumar

Vedanta approves $782m Gamsberg–Skorpion zinc project development

By: Creamer Media Reporter Diversified miner Vedanta Resources has approved the investment of $782-million over three years on the development of the Gamsberg–Skorpion integrated zinc project. About $630-million would be spent on developing a 250 000 t/y openpit zinc mine, concentrator plant and associated infrastructure... 

Vedanta approves $782m Gamsberg–Skorpion zinc project development
Photo by Duane Daws
Vedanta Resources CEO Tom Albanese

Peru's top copper and zinc mine says strike not hurting output

By: Reuters Peru's top copper and zinc miner, Antamina, said that a partial labour stoppage had not hurt its production, but the union striking for a second straight day on Tuesday said output was likely down by at least 90%. Zinc prices rose on Tuesday in part on concerns the strike would further tighten... 

Struggling miners see silver lining in FX, cheaper oil

By: Reuters Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize - weaker local currencies and falling oil prices that will help trim their costs. Metal prices have plunged to multi-year lows as the US dollar strengthened against a basket of... 

Samco Gold confident in setting itself apart from peers in next 12 months

By: Henry Lazenby With prospective projects located on the Deseado Massif of Santa Cruz, Argentina, a potential joint-venture (JV) partner with which to move forward on its flagship asset, and with an innovative financing agreement in place, Canadian project developer Samco Gold is on the cusp of differentiating... 

Sunridge Gold reports Eritrea fieldwork proceeding apace

By: Henry Lazenby Canadian project developer Sunridge Gold, which is developing the Asmara copper/zinc/gold/silver project, in Eritrea, in the Horn of Africa, says fieldwork is proceeding apace on several fronts. The Asmara project consists of six defined deposits, four of which are the subject of a feasibility... 

Glencore's Q3 ferrochrome, coal, oil, copper production up

By: Martin Creamer The South Africa-centred ferrochrome production of diversified miner Glencore lifted in the third quarter, as did its global coal, oil and copper production. The London-, Hong Kong- and now also Johannesburg-listed global mining and marketing company, headed by CEO Ivan Glasenberg, said that its... 

Glencore's Q3 ferrochrome, coal, oil, copper production up
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Chieftain Metals reports strong project feasibility optimisation

By: Henry Lazenby The proponent of the Tulsequah Chief polymetallic project, in British Columbia, Chieftain Metals, late on Monday published the results of an optimised feasibility study, aimed at improving the financeability of the project in the current difficult market. The 2014 feasibility update, prepared by... 

Chieftain Metals reports strong project feasibility optimisation

Renewable energy a tough sell for prospective RoF developers

By: Henry Lazenby Among the many challenges facing as many as 20 mining companies holding claims in the Ring of Fire (RoF) mineral region of Northern Ontario, the most significant might be the limited infrastructure. However, besides having to deal with exploration, project planning, First Nations negotiations and... 

Renewable energy could open door to social licence for new mines in RoF 

By: Henry Lazenby A poll released on Thursday revealed that First Nations living in the remote far northern reaches of Ontario, including near the latent Ring of Fire minerals-rich district, would be more agreeable to allow mining projects to take root near their communities if the mines were to make use of... 

Renewable energy could open door to social licence for new mines in RoF

R50m virtual reality centre set to revolutionise mine design

By: Martin Creamer The University of Pretoria’s new virtual reality mine design centre, which is on track to go into test mode in April, is set to revolutionise both surface and underground mine design. A total of R50-million is being invested in the centre, which will be put into a three-month test phase ahead of... 

R50m virtual reality centre set to revolutionise mine design
Photo by Creamer Media
Prof Ronny Webber-Youngman (right) and Martin Creamer

Mick Davis X2 now sitting on nigh-$5bn war chest

By: Martin Creamer Old Xstrata recollections were reignited on Tuesday as former Xstrata CEO Mick Davis announced that his new X2 Resources had garnered in another $1-billion to take the incipient mining company towards financial reserves of close on $5-billion. A number of new investors have taken the X2 total up... 

Mick Davis X2 now sitting on nigh-$5bn war chest
Photo by Duane Daws
Flashback Mick Davis picture

Platinum producers top mining/metals companies in sustainability data transparency index

By: Tracy Hancock The 2014 IRAS Sustainability Data Transparency Index (SDTI) report has been published, with platinum producer Anglo America Platinum (Amplats) topping the mining/metals companies list and ranking second out of the more than 300 companies assessed throughout South Africa and across all sectors in... 

Creamer Media publishes Canadian Mining Roundup for October 2014 research report

This month’s roundup includes details of ASX- and TSX-listed coal developer Coalspur’s three approvals and licences for the Phase 1 development of its Vista project, in British Columbia; midtier gold miner Iamgold’s has declared commercial production at its Westwood mine, in the Abitibi region of... 

Creamer Media publishes Canadian Mining Roundup for October 2014 research report

Baja Mining appoints new COO, expects first Boleo production this month

By: Henry Lazenby Following a tragic accident in which joint-venture firm Minera y Metalurgica del Boleo (MMB) lost its COO in a flash flood associated with hurricane Odile, which struck the West Pacific seaboard off Mexico and the US last month, the company, comprising a consortium of Korean companies and... 

Baja Mining appoints new COO, expects first Boleo production this month

Sunridge Gold formalises Eritrean operating entity

By: Henry Lazenby TSX-V-listed Sunridge Gold on Thursday announced that it had recently formalised a shareholder agreement with State miner Eritrean National Mining Corp (ENAMCO) and created the Asmara Mining Share Company (AMSC), the operating entity that would own and operate the Asmara copper/zinc/gold mining... 

Sunridge Gold formalises Eritrean operating entity

Commodities under pressure as China continues economic realignment

By: Simon Rees Commodity prices will continue to face near-term challenges that are linked to the dip in Chinese growth. However, support is likely to come from the country’s new economic agenda, Scotiabank VP and commodity market specialist Patricia Mohr told attendees at the recent Global Chinese Financial... 

Commodities under pressure as China continues economic realignment

Energia shareholders approve funding package

By: Esmarie Swanepoel The shareholders of ASX-listed Energia Minerals have cleared the way for the company to place some 240-million shares, valued at A$6-million, to clients of Euroz Securities. The shares would be placed at 2.5c each. 

Energia shareholders approve funding package

Namib project development still priority for North River

By: Leandi Kolver Aim-listed North River Resources will continue to prioritise the development of its 1.25-million tons Namib lead/zinc/silver project, in Namibia, North River MD Martin French said on Tuesday. French pointed out that the asset had the potential to generate meaningful revenues in the near term as... 

Namib project development still priority for North River

Geological difficulty forces HudBay to mine lower-grade Reed ore

By: Henry Lazenby Difficult geology slowed ramp development at 70/30 joint venture (JV) partners HudBay Minerals and VMS Ventures’ Reed copper mine, in Northern Manitoba, in Canada, forcing operator HudBay’s engineers to alter the mine plan. Following ribbon-cutting ceremonies last week at HudBay’s Lalor and Reed... 

Geological difficulty forces HudBay to mine lower-grade Reed ore
Photo by Hudbay Minerals
Reed, Manitoba

Creamer Media publishes African Mining Roundup for September 2014 research report

This month’s report includes details of project developer Ivanhoe Mines’ appointment of financial advisers to conduct a strategic review of its Kamoa and Kipushi base metals project, in the Democratic Republic of Congo; the granting a mining licence to a joint venture between Zanaga Iron Ore... 

Creamer Media publishes African Mining Roundup for September 2014 research report

Trevali’s Caribou project remains on track

By: Creamer Media Reporter Zinc-focused, base metals mining company Trevali Mining on Thursday said its Caribou mine and mill complex project remained on track and within budget, with commissioning still expected to start in the first half of next year. The Caribou zinc/lead/silver mine and mill complex, located in the... 

Moderate global economic growth outlook forces miners to keep promises

By: Henry Lazenby The most critical challenge miners needed to deal with during the next 12 months was to deliver on their promises of cost savings and regain the confidence of the capital markets, professional services firm KPMG Canada’s mining industry leader Lee Hodgkinson said on Thursday. Speaking to Mining... 

Moderate global economic growth outlook forces miners to keep promises

Capstone cancels proposed $300m senior notes offering

By: Henry Lazenby Canadian base metals miner Capstone Mining on Friday said, owing to adverse general market conditions, it had pulled the plug on its proposed offering of $300-million senior notes due in 2022. Capstone president and CEO Darren Pylot pointed out that the company wanted to “opportunistically” repay... 

Capstone cancels proposed $300m senior notes offering
Photo by Capstone Mining
Pinto Valley, Arizona

Ivanhoe returns more ‘exceptional’ intercepts from Kipushi campaign

By: Henry Lazenby Ivanhoe Mines on Friday said it had found more “exceptional” high-grade zinc and copper drill intercepts from its current drilling campaign at the Kipushi copper/zinc/germanium/lead and precious-metals mine, in the Democratic Republic of Congo. The exploration drilling from Kipushi's 1 272 m... 

Ivanhoe returns more ‘exceptional’ intercepts from Kipushi campaign

Supercycle being dragged down by oversupply – Glencore

By: Martin Creamer The commodities supercycle was stronger than ever from a demand point of view but it was being dragged down by the oversupply of commodities like iron-ore and thermal coal, Glencore CEO Ivan Glasenberg has outlined. With Chinese gross domestic product (GDP) growth of 7% off the higher base... 

Supercycle being dragged down by oversupply – Glencore
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Smart governments encourage foreign investment – Glasenberg

By: Martin Creamer Smart governments encouraged foreign investment and ensured that they did not make it too difficult or impossible for companies to invest, Glencore CEO Ivan Glasenberg said on Wednesday. Glencore – which employs 42 500 people at its South African operations, 20 300 of them in coal and 22 200 in... 

Smart governments encourage foreign investment – Glasenberg
Photo by Duane Daws
Ivan Glasenberg and Martin Creamer
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