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Deep Space Industries joins race to mine asteroids

By: Henry Lazenby     10th August 2016 Deep Space Industries (DSI) has entered the race to launch spacecraft that will identify and mine near-earth asteroids, in the hope of establishing a new space economy. The California-based company on Tuesday announced plans to fly the world’s first commercial interplanetary mining mission. Its... 

Husky hits snag in efforts to contain Saskatchewan oil spill

By: Bloomberg     25th July 2016 Husky Energy Inc. is running into difficulty containing and cleaning up a 1 570-bl oil pipeline spill that entered the North Saskatchewan River in Canada this week, after rising water levels compromised its initial plan to capture the release. The company responded Thursday morning when a sheen... 

Rand goldfield: ‘Not worth hell room’

By: Jade Davenport     15th July 2016 Perhaps the most extraordinary reality of the early history of the Witwatersrand goldfield is that the discovery of 1886 was greeted with a fair degree of scepticism, particularly from career mining engineers, most of whom had not only mining college degrees, but also considerable experience with... 

Haver & Boecker Hires Certified Sales Manager

     12th July 2016 Haver & Boecker, a leading manufacturer in processing, handling, mixing, packing, filling, palletizing and loading systems, hired Ron Gundlach as its southwestern sales manager. He brings more than 20 years of industry experience to his new role. As sales manager, Gundlach works alongside General... 

Balancing exploration and project development key for Fission at PLS

By: Henry Lazenby     22nd June 2016 Exploration superstar Fission Uranium is gearing up for a C$13.3-million summer campaign at its flagship Patterson Lake South (PLS) project in the relatively underexplored Western Athabasca basin, in northern Saskatchewan, and is looking to balance its exploration activities with the objective of... 

Event heads back to Swakopmund, Namibia

     13th May 2016 The African leg of mining software developer and provider Hexagon Mining’s MineQuest 2016, the company’s global user event series, will be hosted by Namibia in Swakopmund from June 22 to 24.  

Freeport loss doubles as low prices bite

By: Henry Lazenby     26th April 2016 US diversified miner Freeport McMoRan has booked a $3.8-billion write-down of the carrying value of its oil and gas properties, on the back of lower West Texas Intermediate prices. The company reported a net loss attributable to common stock totalling $4.2-billion, or $3.35 a share, for... 

Hexagon Mining Opens Minequest 2016

     19th April 2016 Hexagon Mining today opens MineQuest 2016, its global user event series, in Tucson, Arizona, USA. Shaping the Digital Mine is the theme of the event and featured prominently in President, Hélio Samora’s opening address to attendees. “Shaping the Digital Mine embodies our goal of creating safer,... 

Firestone Diamonds extends conditional deadline for Botswana asset sale

By: Natasha Odendaal     6th April 2016 Aim-listed Firestone Diamonds has agreed to an extension for the $8-million sale of its Botswana operations to allow buyer TSX-V-listed Tango Mining time to finalise a proposed $30-million loan. Tango Mining would now have until July 29 to finalise the commitment with California-based financial... 

Freeport cuts oil, gas officials as low prices, high debt weigh

By: Henry Lazenby     5th April 2016 In response to a challenging fossil fuels market, US-based miner Freeport-McMoRan has reintegrated its oil and gas business as an operating division of the parent company, doing away with four senior executives, with one remaining. NYSE-listed Freeport said that subsidiary Freeport-McMoRan Oil &... 

Vanderbilt Commercial to fund $30m Tango loan for Botswana project

By: Henry Lazenby     28th March 2016 California-based financial lender Vanderbilt Commercial Lending has presented TSX-V-listed Tango Mining with a proposal outlining a $30-million loan commitment to fund Tango’s acquisition and the capital required to restart the BK11 kimberlite diamond mine (BK11 mine), in Botswana. Pending... 

Focus for 2016 on improving output, slashing costs

     11th March 2016 As 2016 is also expected to be challenging for mineral sands feedstock markets, Australian heavy minerals miner Mineral Deposits Limited (MDL) will focus on production efficiencies and cost-reduction initiatives to ensure the competitiveness of its operations at all stages of the commodity price... 

Septentrio Americas Delivers Machine Control GNSS Receivers for World’s Largest Iron Ore Mine

     9th March 2016 Septentrio Americas has completed deliveries of over 40 GNSS machine control receivers, including the new AsteRx-U products, for deployment at the Vale S11D Iron Project in Carajás, Brazil. The Septentrio receivers will be installed on mining equipment from three different machine suppliers that... 

The when, how and by whom controversy of Wits gold discovery

By: Jade Davenport     12th February 2016 One of the most curious realities of South Africa’s mining history is that the precise details relating the discovery of gold on the Witwatersrand, an event that was to irrevocably alter the economic and socio-political trajectory of the country, are quite vague. In fact, the ‘when, how and by... 

Infrastructure deficit limiting Canada’s mining operations

By: Malusi Mkhize     12th February 2016 Given the limited resources available to Canada’s territorial governments, federal funding will play a key role in developing infrastructure to facilitate the country’s minerals exploitation, according to a study by the Prospectors and Developers Association of Canada (PDAC) and other industry... 

Flowsheet selection paying off in pilot phase

By: Nadine James     15th January 2016 ASX-listed development company Peak Resources – which has started piloting beneficiation at its Tanzania-based Ngualla pilot plant – is so far “well-pleased” with its flowsheet selection, which allows for lower operating costs and the potential improvement of the leach recovery process, says MD... 

British Columbia unable to support Kinder Morgan’s Trans Mountain Expansion

By: Henry Lazenby     11th January 2016 The British Columbia provincial government has stressed that it cannot support Kinder Morgan’s Trans Mountain Expansion project based on information submitted to the National Energy Board (NEB) panel reviewing the project. The provincial government stated on Monday that, during the course of the... 

US EPA sues VW, Audi and Porsche for alleged Clean Air Act violations

By: Henry Lazenby     5th January 2016 The US Department of Justice on Monday filed a federal court civil complaint in Detroit, Michigan on behalf of the US Environmental Protection Agency (EPA) against German automotive manufacturers Volkswagen, Audi and Porsche, collectively referred to as Volkswagen. The complaint alleged that... 

Atna declares bankruptcy

By: Henry Lazenby     20th November 2015 Colorado-based gold miner Atna Resources on Thursday filed for Chapter 11 bankruptcy protection, saying operational problems at its Pinson mine, in Nevada, the low gold price and a lack of investor interest had rendered it without sufficient liquidity to meet obligations. Atna had filed voluntary... 

Molycorp files two-tracked plan to emerge from bankruptcy

By: Henry Lazenby     4th November 2015 North America’s only commercial rare earths producer on Tuesday filed a joint plan of reorganisation with US securities regulators that could see it emerge from Chapter 11 bankruptcy protection as either a restructured entity, or by selling its assets. “If approved, the plan would help to... 

Freeport appoints two Ichan associates to board

By: Henry Lazenby     7th October 2015 A day after US diversified miner Freeport-McMoRan announced a board shakeup through which it had  reduced the number of directors to 9 from 16, the Phoenix, Arizona-based company revealed that it had appointed two associates of billionaire investor Carl Icahn to its board, after reaching an... 

Megafactory trend sparks ‘arms race’ in battery sector 

By: Simon Rees     29th September 2015 Tesla Motors’ so-called ‘gigafactory’ has sparked an “arms race” in the battery sector, Benchmark Mineral Intelligence MD Simon Moores told an audience attending the Toronto leg of the company’s World Tour 2015, in which Mining Weekly Online participated. The gigafactory, now being built in... 

Molycorp to close Mountain Pass facility in October 

By: Henry Lazenby     26th August 2015 North American rare earths producer Molycorp will close its Mountain Pass rare-earth facility, in California, on October 20. Molycorp, which operated Mountain Pass, the largest rare earths mine outside of China, and its processing facility, had on June 25, along with its subsidiaries in North... 

Fuel cells used at Eastern Cape schools

     21st August 2015 Hydrogen fuel cell technology has been used successfully to provide standby power at three schools in Cofimvaba, in the Eastern Cape, since September 2014, mining major Anglo American announced in June. 

Prophecy expects to imminently award Mongolian turnkey contract

By: Henry Lazenby     20th August 2015 Canadian project originator Prophecy Development expects to close a binding turnkey engineering, procurement and construction (EPC) contract for its Mongolia-based Chandgana coal/energy project this quarter. The TSX-listed company advised on Wednesday that the preferred bidder would be ready to... 

Weak market conditions prompt Freeport-McMoRan to look for cost cuts

By: Henry Lazenby     28th July 2015 Multinational diversified miner Freeport-McMoRan has started a comprehensive review of its mining and oil and gas businesses to target significant capital spending and operating and administrative cost cuts in response to weak market conditions for its significant products. These plans would... 

Platinum bridal jewellery demand up in China, fuel cells powering blocks of flats

By: Martin Creamer     23rd July 2015 Platinum marketing money previously devoted largely to discounts and commissions is now being used to boost platinum jewellery, investment and fuel cell promotion, says Anglo American Platinum (Amplats) CEO Chris Griffith. Bridal platinum jewellery demand is growing in China, platinum demand... 

Atna Resources lifts Pinson gold shipments 75% over Q1

By: Henry Lazenby     15th July 2015 Gold ounces shipped from TSX-listed Atna Resources' Pinson mine, located near Winnemucca, Nevada, increased by 75% quarter-over-quarter in the second quarter ended June 30. This placed the Pinson ramp-up on target to achieve a more than 12 000-oz-a-quarter production rate by year-end.  

Strata-X Energy appoints Greg Hancock nonexecutive director

By: Creamer Media Reporter      3rd July 2015 TSX-V- and ASX-listed Strata-X Energy has appointment Greg Hancock as a nonexecutive director effective immediately, following the resignation of Don Schurman on Wednesday. Strata-X president Tim Hoops said on Thursday that Hancock’s extensive knowledge of corporate finance and capital markets in... 

Reefton mine, New Zealand

By: Sheila Barradas     3rd July 2015 A gold mine located 7 km south-east of the township of Reefton, in the West Coast region of New Zealand’s South Island. 

True Gold appoints new COO to oversee Karma construction

By: Henry Lazenby     22nd June 2015 TSX-V-listed project developer True Gold on Monday strengthened its management team by appointing David Laing as COO to oversee the technical completion of construction and the transition into production at the company’s Karma project, in Burkina Faso. Laing joined True Gold from base metals... 

Molycorp defers second interest payment in 2 weeks

By: Henry Lazenby     15th June 2015 US rare earths producer Molycorp on Monday deferred making a second interest payment in two weeks. The Greenwood Village, Colorado-based miner said that it would take advantage of a 30-day grace period on a $3.36-million semi-annual interest payment related to its 3.25% senior unsecured... 

Molycorp expected to file for bankruptcy after missing payment

By: Henry Lazenby     1st June 2015 US rare earths producer Molycorp’s NYSE-listed stock fell by as much as 21% after the embattled company announced that it would miss a $32.5-million twice-yearly interest payment owed on Monday on its 10% senior secured notes due 2020. The nonpayment triggered a 30-day grace period, which certain... 

Molycorp stocks slide following wider Q1 loss, further financing needs

By: Henry Lazenby     8th May 2015 US integrated rare earths producer Molycorp’s NYSE-listed stock on Thursday slid 12.5% after the company reported a wider-than-expected first-quarter loss and confirmed that it would require further financing this year to meet its business plan and obligations as they became due. NYSE-listed... 

Tesla Motors reveals new range of household batteries, energy division

By: Henry Lazenby     1st May 2015 Clean energy leader Tesla Motors on Thursday night launched a new range of batteries that could power homes and commercial buildings at a fraction of the expected cost, highlighting the growing demand for the minerals, such as graphite, cobalt and lithium, required to make these batteries. Tesla... 

Molycorp stock falls on reporting Q4, FY loss

By: Henry Lazenby     17th March 2015 US rare earths producer Molycorp’s NYSE-listed stock on Monday fell more than 16.2% after the company reported that it had failed to make a profit for the third consecutive year. Greenwood Village, Colorado-based Molycorp reported a full-year 2014 net loss attributable to common stockholders of... 

Operations gather momentum at Atna’s Pinson mine

By: Henry Lazenby     10th March 2015 TSX-listed Atna Resources has reported substantial progress in the ramp-up of its operations at the Pinson mine, near Winnemucca, in Nevada, saying the operation has achieved several milestones since mining was restarted last June. Since the start of the year, the company had been able to add a... 

The International Certified Fraud Examiner’s (Cfe) Examination Preparation And Facilitation Course

     20th February 2015 The Professional Development Project of the Faculty of Law, UCT, is pleased to present a preparation course for the International CFE examination on behalf of the Association of Certified Fraud Examiners - SA Chapter. On 9 - 13 March 2015  |  23 - 27 March 2015 OR 12 - 16 October 2015  |  26 - 30... 

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