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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... 

China metals demand seen up in 2015, copper at least 6%

By: Reuters China's consumption of refined copper is expected to rise at least 6% in 2015, roughly in line with this year, supported by new investment in power networks and demand from rail projects, analysts and industry executives said. An expected slowdown in new residential and commercial building... 

Peru rules out tax breaks or subsidies to counter slowdown

By: Reuters Peru's government has ruled out cutting taxes or introducing subsidies to encourage investment and cushion export sectors from the worst economic slowdown in five years, the minister responsible for industry said on Thursday. The government said earlier this year that it was considering... 

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

Zambia mines minister says Glencore unit lay-offs 'illegal'

By: Reuters Zambia's Mines Minister described as "illegal" on Monday plans by mining group Glencore to cut jobs and halt operations at its zinc unit in the country against the background of a simmering tax row. "We don't tolerate retrenchments done without following procedure," Minister Christopher Yaluma... 

Zambia mines minister says Glencore unit lay-offs 'illegal'

Glencore halts Zambia zinc operation citing tax row

By: Reuters Global mining group and commodities trader Glencore said on Friday it was suspending its zinc unit in Zambia and was cutting 169 jobs at the mine amid a row over VAT tax. Africa's second-largest copper producer is withholding a $600-million in VAT refunds owed to mining firms and will only repay... 

Glencore halts Zambia zinc operation citing tax row

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

Hera produces first concentrate

By: Esmarie Swanepoel ASX-listed Aurelia Metals, formerly known as YTC Resources, has produced its first concentrate at the Hera gold/lead/zinc project, in South Australia. “Our first high-grade concentrate production is an important milestone for the Hera project. To see core components of the circuit operating at,... 

Mineworkers benefit from wholesome living environments

By: Bruce Montiea Mineworkers and subcontractors working on remote sites in Southern Africa have a home away from home, as they have benefitted from the wholesome environments and services that specialist remote site manager Fedics Site Services has created for them, says company MD Andrew St Clair-Laing.  He... 

Mineworkers benefit from wholesome living environments
REMOTE LOCATION Fedics Site Services creates a home away from home for mineworkers

Energia signs mandate for A$8m funding

By: Esmarie Swanepoel ASX-listed Energia Minerals has signed a mandate for an A$8-million funding package to advance its Gorno zinc project, in Italy. The company reported on Monday that it had signed a mandate with Euroz Securities to undertake the funding package, which would consist of a A$6-million share... 

Upbeat Glencore’s share buyback kicks off to analyst adulation

By: Martin Creamer Upbeat diversified miner and marketer Glencore, which declared an 11% higher dividend for the six months to June 30 on the back of above-consensus half-year results, has put a $1-billion share buy-back programme under starter’s orders, which has evinced mining analyst adulation. Glencore's... 

Upbeat Glencore’s share buyback kicks off to analyst adulation
Glencore CEO Ivan Glasenberg

Berkeley receives enviro nod for Kabwe mine tailings project

By: Leandi Kolver Mineral processing company Berkeley Mineral Resources (BMR) on Tuesday reported that the Zambia Environmental Management Agency (Zema) had issued it a written approval for the environmental impact statement (EIS) related to proposed lead-zinc recovery and copper processing at the Kabwe mine. The... 

Berkeley receives enviro nod for Kabwe mine tailings project

Nevsun ‘excited’ about continued drilling success at Harena, Eritrea

By: Henry Lazenby TSX- and NYSE MKT-listed Nevsun Resources, which is focused on extracting copper from its 60%-owned high-grade Bisha copper mine, in Eritrea, on Monday said it was “excited” about continued positive drilling results at the Harena deposit, located 10 km south of the Bisha mine and processing... 

Nevsun ‘excited’ about continued drilling success at Harena, Eritrea

Ivanhoe appoints banks to conduct strategic review of DRC assets

By: Henry Lazenby Africa-focused project developer Ivanhoe Mines on Monday said it had appointed BMO Capital Markets and Morgan Stanley & Co International as financial advisers to conduct a strategic review of its Kamoa and Kipushi base metals projects, in the Democratic Republic of Congo (DRC). The TSX-listed... 

Ivanhoe appoints banks to conduct strategic review of DRC assets
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