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Topic

Berkeley says offtake activity to intensify this year

By: Mariaan Webb     23rd January 2018 Uranium project developer Berkeley Energia is seeing a “notable” increase in public tender activity and says it expects offtake activity to intensify, once full construction of its Salamanca mine, in Spain, is under way. In a quarterly update on Tuesday, Berkeley said that it would participate... 

Iamgold begins Monster Lake drilling project

By: Anine Kilian     23rd January 2018 TSX-listed TomaGold has confirmed that an initial resource estimate is under way for its Monster Lake joint venture project, located 50 km south-west of Chibougamau, in Quebec, Canada. The estimate will be based on data from more than 80 000 m of drilling completed by TomaGold’s joint venture... 

Banro starts court-approved sales, investment solicitation process

By: Mia Breytenbach     23rd January 2018 Following the start of restructuring proceedings last month, Democratic Republic of Congo- (DRC-) focused miner Banro Corporation and its Barbados subsidiaries have initiated a sale and investment solicitation process (Sisp). The company, which in December filed for bankruptcy protection in... 

Copper production declined in first ten months of 2017 – ICSG

By: Schalk Burger     23rd January 2018 Worldwide copper mine production declined 2.6% in the ten months to October 2017, while concentrate production declined by 2.2% and production through solvent extraction-electrowinning declined by 4.3% in the same period, according to the intergovernmental copper body The International Copper... 

'There has never been a bigger disconnect between price and value' – VRIC 2018

By: Henry Lazenby     22nd January 2018 "The disconnect between price and value is as stunning as I've ever seen," founder of The Stock Catalyst Report Michael Alkin told attendees at the Vancouver Resource Investment Conference (VRIC) on Sunday. Industry participants seemed to agree. 

2018 minerals-focused financings off to slow start

By: Henry Lazenby     22nd January 2018 In the wake of a slow start to mineral-focused financing activity, analysts are predicting more of the same for at least the first four months of 2018. This year is also not expected to surpass 2017 in the number and value of mineral-focused financings undertaken at the market, data company... 

Policy advocacy, tech innovation and fact-based talks key 2018 AME BC objectives

By: Henry Lazenby     22nd January 2018 Government policy advocacy and fostering genuine fact-based conversations among all stakeholders in the minerals exploration and mining industries are main priorities for the Association for Mineral Exploration British Columbia (AME BC) this year. "Government is increasingly getting more... 

Millennials snubbing diamonds has hedge fund seeing slump deepen

By: Bloomberg     19th January 2018 Diamonds are set to slump further, according to a hedge fund whose bet on marijuana made it the world’s best performer in 2016. Prices of the precious gem may slump as much as 10% this year as it loses appeal with younger consumers and faces challenges from synthetic alternatives, said... 

Barkerville Gold Mines fined C$200 000 for Fisheries Act abuses

By: Henry Lazenby     19th January 2018 Junior mine developer Barkerville Gold Mines has been fined C$200 000 by Environment and Climate Change Canada enforcement officers, after pleading guilty to violations under the Fisheries Act. Charges were brought in the Provincial Court of British Columbia and related to the metal mining... 

Up to ten midtier mineral deposits can still be discovered in South Africa – resources consultant

By: Mia Breytenbach     19th January 2018 There is no reason why South Africa cannot build an exploration and junior mining sector, says resources consultant Dr John Bristow, who notes that while the country has vestiges of this sector, it is hampered by regulatory policy, and a preoccupation with a “Sunset” mining industry. Speaking at... 

Condor appoints veteran mining executive to board

By: Henry Lazenby     18th January 2018 Nicaragua-focused project developer Condor Gold has appointed veteran mining executive Andrew Cheatle as a nonexecutive director. A mining industry executive, professional geoscientist and graduate of the Royal School of Mines at Imperial College, in London, Cheatle cut his teeth for ten years... 

Toshiba reaches deal to help resolve Westinghouse bankruptcy, rebuild finances

By: Reuters     18th January 2018 Toshiba Corp said on Thursday it had clinched an agreement to sell its claims in bankrupt US nuclear plant maker Westinghouse Electric Co in a deal that would add $3.7-billion to the Japanese owner's depleted capital base. The Japanese conglomerate has also agreed to transfer its... 

Tyranna to start surface drilling at Eureka gold mine

By: Mia Breytenbach     18th January 2018 ASX-listed Tyranna Resources will next week start surface drilling at its Eureka gold mine, north of Kalgoorlie, Western Australia, to follow up a compelling surface lateritic gold target discovered during a recent field mapping exercise. The mine, which Tyranna is acquiring from Canada-listed... 

New shaft key to transforming Kirkland Lake into 1Moz/y producer

By: Mariaan Webb     18th January 2018 Gold miner Kirkland Lake has set its sights on producing one-million ounces a year in the next five to seven years, a target which is built on transforming the Fosterville and Macassa mines into 400 000 oz/y producers. At Fosterville, in Australia’s Victoria, Kirkland Lake is aiming to achieve... 

Canadian miners welcome new federal business ethics ombudsman

By: Henry Lazenby     18th January 2018 Canada’s Liberal government has introduced a new federally mandated Ombudsman for Responsible Enterprise (CORE) to investigate human rights complaints about the overseas operations of Canadian companies. The watchdog will investigate complaints and, if warranted, will make recommendations to... 

GoldMining lifts global resource estimate with a million indicated ounces from Crucero

By: Henry Lazenby     17th January 2018 Americas-focused project developer GoldMining Inc has reported a new Canadian National Instrument 43-101-compliant resource estimate for its newly acquired Crucero project, in south-eastern Peru, adding about one-million ounces of gold in the indicated category to its global resource profile. The... 

Two top gold miners hit 2017 gold guidance

By: Henry Lazenby     17th January 2018 Two of the world’s largest gold producers by volume have realised their production goals for 2017. Toronto-based Barrick Gold, currently still the world’s largest gold producer by output, on Tuesday announced that preliminary full-year gold output of 5.32-million ounces for 2017 was in line with... 

NextSource soars on Japanese approval of registered SuperFlake product trademark

By: Henry Lazenby     17th January 2018 The TSX-listed equity of one of the graphite industry’s best kept secrets, NextSource Materials, has recorded significant gains on Tuesday following a company announcement that Japan has approved the company’s registration of ‘SuperFlake’ graphite as a trademark in the country. The registration... 

Miners bolster senior ranks in preparation for fast-paced 2018

By: Henry Lazenby     16th January 2018 Several Canadian listed miners reported senior management changes on Tuesday. Marine mining hopeful Nautilus Minerals announced Tuesday that Tariq Al Barwani has been appointed to the role of nonexecutive chairperson. Al Barwani joined the board in May 2016. He is a director and shareholder of MB... 

Top 10 zinc miner Trevali lifts 2018 guidance 140% as zinc powers to 10yr high

By: Henry Lazenby     16th January 2018 Canadian zinc miner Trevali Mining expects to produce 140% more zinc this year, following a transformational 2017 that saw it produce a record 177.4-million payable pounds of zinc. The 2017 output was boosted by the December quarter production from the newly acquired Perkoa mine, in Burkina Faso,... 

Canadian companies struggle to plan for post-NAFTA world

By: Reuters     12th January 2018 Canadian industries that would be most acutely impacted by the death of the North American Free Trade Agreement are unable to meaningfully plan for a possible post-NAFTA world given the uncertainty of what could replace it, analysts and executives said. With three quarters of Canadian exports... 

Kirkland achieves FY17 production records

By: Natasha Odendaal     12th January 2018 Triple-listed Kirkland Lake Gold has finished the 2017 financial year strong, achieving record production across the board and surpassing an already-improved guidance. Kirkland achieved full-year 2017 production of 596 405 oz – a 10% increase on the prior year – beating its revised guidance of... 

GoldMining enters option to enlarge Yellowknife project

By: Henry Lazenby     10th January 2018 Project consolidator GoldMining has signed an option agreement with Viking Gold Exploration to indirectly acquire the RG1, RG2 and RG3 claims that border the western boundary of the company's Nicholas Lake-Ormsby property – one of the four properties that comprise the Yellowknife gold project... 

Second SA Hippo Flameproof Submersible Slurry Pump Goes To Houston.

     9th January 2018 The HIPPO flameproof submersible slurry pump range manufactured inSouthAfrica with a 98% local content has been exported to Canada since 2003. The specific controls that have been build into the pump has resulted in the HIPPO flameproof submersible slurry pump being regarded as the world’s safest... 

Seabridge mobilises to drill Courageous Lake

By: Henry Lazenby     9th January 2018 TSX- and NYSE-listed precious metals explorer Seabridge Gold is mobilising crew and equipment to start an exploration campaign at its 100%-owned Courageous Lake project, located in Canada’s Northwest Territories, in February. The Toronto-based explorer plans to drill 36 holes over 7 200 m to test... 

Mountain Province prices plunge on finer rough diamonds sold

By: Henry Lazenby     6th January 2018 The value per carat realised at the tenth tender sale of diamonds produced at Mountain Province Diamonds’ 49%-owned Gahcho Kué mine, in Canada’s Northwest Territories, has fallen to the lowest level since sales started 12 months ago. The TSX- and Nasdaq-listed company recorded sale proceeds of... 

Mining resurgence propel CC$5.1bn Canadian IPO market

By: Creamer Media Reporter      4th January 2018 The 2017 market for initial public offerings (IPOs) in Canada raced across the finish line to post a CC$5.1-billion five-year record for total proceeds raised from new equity issues, the annual PwC survey has revealed. Driven by heavy activity in the mining sector, a strong final quarter of 2017... 

Nutrien gains on first trading day as Agrium, PotashCorp complete merger

By: Henry Lazenby     3rd January 2018 The TSX-listed equity of freshly minted fertiliser producer, distributor and retailer Nutrien gained nearly 6% on Tuesday – its first trading day following closure of the transaction on New Year’s day. The ‘merger of equals’ has created a new top-tiered fertiliser company with a total market... 

TSX, NYSE American to delist Banro equities

By: Henry Lazenby     28th December 2017 Embattled miner Banro has received notice from both the TSX and the NYSE American exchanges that its trade-suspended equities will be delisted in the New Year. The Toronto-based miner, which operates two gold mines in the Democratic Republic of Congo (DRC), on Friday filed for bankruptcy... 

Lithium rookie posts dizzying gain as promoter praises stock

By: Bloomberg     21st December 2017 The electric-vehicle revolution is propelling impressive gains in commodity and equity prices around the world, few more dizzying than Liberty One Lithium. The penny stock, which has changed its name twice since 2016 and is years away from an operating mine, surged 250% in October, when both the... 

Philippines miners adopt Canadian mining sustainability principles

By: Henry Lazenby     20th December 2017 The Chamber of Mines of the Philippines (COMP) has announced that it will adopt a mining sustainability standard developed by the Mining Association of Canada, called the Towards Sustainable Mining (TSM) initiative. The announcement made the Philippines the first Southeast Asian nation to adopt... 

Australia cobalt rush accelerates on electric vehicle demand, DRC troubles

By: Reuters     15th December 2017 Australia, home to the world's second-biggest cobalt reserves, is seeing a rush of interest in projects still years from production as makers of batteries used in electric vehicles (EVs) seek supplies of the metal from a more costly but less risky source than top miner, the Democratic Republic of... 

Space mining is getting close to reality 

By: Rebecca Campbell     15th December 2017 Space mining – the mining of bodies and other worlds in outer space for minerals and other natural resources – remains within the realm of science fiction. For now. But, during the younger years of most of the world’s current senior mining executives, personal communication devices (cellphones)... 

Space mining is getting close to reality

By: Keith Campbell     15th December 2017 Space mining – the mining of bodies and other worlds in outer space for minerals and other natural resources – remains within the realm of science fiction. For now. But, during the younger years of most of the world’s current senior mining executives, personal communication devices (cell phones)... 

Zinc miner secures its position in global top ten producers

By: Robyn Wilkinson     15th December 2017 Zinc miner Trevali Mining Corporation has added high-quality zinc production to its existing portfolio and expanded its asset and geographic diversification this year, securing its position as a global top-ten zinc producer. 

Programme to position Ghanaian firms to gain greater share of mineral sector procurement 

By: Tracy Hancock     15th December 2017 Marking a significant point in Ghana’s quest to domesticate the provisions in the Africa Mining Vision (AMV) into its own Country Mining Vision (CMV), the Ghanaian government officially launched its National Suppliers Development Programme (NSDP) in 2 November 2017. The NSDP builds and expands on... 

Mining operations start at Tyranna’s Eureka mine

By: Creamer Media Reporter      14th December 2017 The Eureka gold mine, north of Kalgoorlie, Western Australia, has transitioned from development to mining operations, ASX-listed Tyranna Resources reported on Thursday. The mine, which Tyranna is acquiring from Canada-listed Central Iron Ore, is currently being mined by a local contractor, Eureka... 

Steel tycoon considers bid for Rio Tinto's Dunkirk aluminum smelter - sources

By: Reuters     14th December 2017 Liberty House, the industrial and commodities group buying a number of steel assets around the world, is considering a bid for Rio Tinto's aluminium smelter in northern France, the largest in Europe, three sources with direct knowledge of the matter told Reuters. The Dunkirk plant, which the... 

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