http://www.miningweekly.com
R/€ = 14.49 Change: -0.04
R/$ = 12.99 Change: -0.03
Au 1251.19 $/oz Change: 0.35
Pt 926.00 $/oz Change: 0.50
 

Topic

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... 

Lower prices spur rare earths consumption, supply remains constrained – USGS

By: Henry Lazenby     14th February 2015 Lower rare earths prices and the increased availability of rare-earth compounds led to increased US consumption in 2014, the US Geological Survey (USGS) has found. However, in its latest mineral commodity summary for the abundant group of 17 elements composed of scandium, yttrium and the... 

Race for Africa likened to 1848 California gold rush 

By: Martin Creamer     11th February 2015 The race for Africa has become like the California gold rush of 1848 with everyone dashing in to get a piece of the action, says Robin Saunders, the American financier and managing partner of Clearbrook Capital. Saunders, who addressed the 21st Mining Indaba in Cape Town this month, says that... 

Weir Minerals Floway Pumps introduces the VTSP- Vertical Turbine Slurry Pump

     11th February 2015 The patented VTSP design addresses the market need for an abrasives solids handling vertical turbine pump. Weir Minerals Floway Pumps introduces the new Floway® VTSP- vertical turbine slurry pump - addressing the industry demand for a longer lasting, abrasives solids handling vertical turbine... 

Golden Queen says California precious metals project on schedule

By: Creamer Media Reporter      26th November 2014 The Soledad Mountain gold and silver project near Mojave, in California, is proceeding on schedule, with processing facilities set to be commissioned in late 2015, TSX-listed Golden Queen Mining reported on Tuesday. The Vancouver-based company said its 50%-owned subsidiary, Golden Queen Mining... 

Natural treasures of the Gold Rush countries

By: Jade Davenport     14th November 2014 A buzz of excitement swept through the historic gold mining state of California, US, at the end of October, when a recently discovered 75 oz gold nugget was put on show and sold for about $400 000. According to the San Francisco Chronicle, the rare clump of gold, which has been christened the... 

Molycorp stock slides on disappointing earnings

By: Henry Lazenby     6th November 2014 US rare earths producer Molycorp’s NYSE-listed stock on Wednesday slid more than 19% in after-market trading following the publication of disappointing third-quarter results. Greenwood Village, Colorado-based Molycorp reported a net loss of $105.2-million, or $0.47 a share, for the three months... 

Drilling services provider secures NGL contract

     17th October 2014 Integrated exploration drilling services, equipment and performance tooling provider Boart Longyear was awarded a contract in August this year for drilling services at the renewable energy company Magnum’s Natural Gas Liquids (NGLs) Storage project at the Western Energy Hub, in Utah, in the US.... 

Nambia Rare Earths appoints Surratt as VP

By: Natalie Greve     7th October 2014 Toronto-listed Namibia Rare Earths has appointed former Mobil Corporation director Richard Surratt as VP of corporate development and strategic initiatives. Surratt has held several senior management positions with various public and private companies over the last 25 years, after having received... 

Next generation of graphite producers to partake in transformed market

By: Henry Lazenby     22nd August 2014 A wave of new graphite producers that have recently started or will start production in the coming years will participate in a significantly different market than that witnessed over the last several decades, as new technology is set to turn the status quo on its head. Independent consultant in... 

Eco Oro completes water treatment plant at Colombia flagship

By: Henry Lazenby     5th August 2014 Colombia-focused project promoter Eco Oro Minerals has completed the construction of a new wastewater treatment plant at its flagship Angostura project. Designed and built by companies from Bucaramanga and the region of California, the treatment plant provides integrated industrial wastewater... 

Potential in Peru phosphate deposit

     25th July 2014 California-based phosphate explorer Focus Ventures in January signed a formal option agreement for the acquisition of shares in Juan Paulo Quay (JPQ), the titleholders of the Bayovar 12 nonmetallic mining concession, in Peru. The concession has the potential to host a large sedimentary phosphate... 

US miner receives $500 000 investment

     25th July 2014 California-based mining company Brazil Minerals (BMIX) announced in May that it received $500 000 when it sold Gemological Institute of America- (GIA-) graded diamonds, common stock and two-year options to four investors. The GIA-graded diamonds will be delivered over time until December 2015.... 

Tyhee Gold to buy majority stake in Sutter Gold

By: Henry Lazenby     5th July 2014 TSX-listed Tyhee Gold on Friday announced that it had struck a deal with RMB Australia and TSX-V-listed Sutter Gold Mining to acquire the shares of Sutter currently held by RMB and its affiliates. Vancouver-based Tyhee said subject to certain conditions, it would also acquire all of the Sutter... 

US soda ash producers aim to capture more market share with cleaner footprint

By: Henry Lazenby     26th June 2014 The US soda ash industry is an export success story, with the export market being critical for growing the industry in the face of a stagnant domestic market. Soda ash, or sodium carbonate, which was first used by the Egyptians to make glass containers from trona ore and by the early Romans as an... 

Latest News

more

Latest Videos

more

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
Close