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DRA Global confirmed as preferred EPCM contractor for Colluli

By: Tasneem Bulbulia     27th September 2018 Danakali has, on behalf of the Colluli Mining Share Company (CMSC), confirmed DRA Global as the preferred engineering, procurement and construction management (EPCM) provider for the Colluli potash project, in Eritrea. This represents another critical milestone for the project, reinforcing that... 

Danakali banks on new investor mood to fund Eritrean mine

By: Reuters     7th September 2018 Fertiliser miner Danakali aims to raise $322-million this year to develop giant potash reserves in Eritrea, industry sources say, banking on Asmara's warmer ties with Ethiopia to help lure investors. The project will test the changing mood in the West towards the isolated nation, sandwiched... 

Copper deal day hits with a flurry of M&A for the hottest metal

By: Bloomberg     5th September 2018 "Everyone loves copper and everyone wants to buy it” has been this year’s mining mantra. Today the ball started rolling. China’s Zijin Mining Group swooped on a huge undeveloped copper mine in Serbia, acting as a white knight to beat out an earlier hostile bid from a Canadian rival. At the same... 

Zijin trumps Lundin with C$1.86bn bid for Nevsun

By: Mariaan Webb     5th September 2018 Canadian miner Nevsun Resources on Wednesday announced that it had agreed to a C$1.86-billion friendly takeover by China’s Zijin Mining, as it seeks to fend off a hostile takeover by Lundin Mining. Zijin will shareholders C$6 a share in cash, representing a 57% premium over the company’s closing... 

Chinese miner to start copper output in Eritrea by next year

By: Bloomberg     24th August 2018 A unit of Sichuan Road & Bridge Co. will start producing copper, zinc, gold and silver at a mine in Eritrea by early next year, helping diversify the country’s agrarian economy, a mines ministry official said. The project will add to two operating mines in the Horn of Africa nation, which is... 

Nevsun CEO says several companies expressed interest in miner

By: Bloomberg     10th August 2018 Nevsun Resources says companies in China, Japan and Western countries are among potential white knights that have expressed interest in buying the miner as it seeks to ward off a hostile takeover by Lundin Mining. “Several companies have indicated an interest,” Nevsun CEO Peter Kukielski said... 

Nevsun urges ‘no action’ on hostile bid, reports Q2 results

By: Mariaan Webb     27th July 2018 TSX-listed Nevsun Resources has confirmed that a special committee would consider the C$1.4-billion offer from Lundin Mining – formally tabled on Thursday – and urged shareholders not to take any action before the board makes a formal recommendation. Nevsun, which on Thursday also released its... 

Lundin Mining launches hostile C$1.4bn bid for Nevsun

By: Reuters     26th July 2018 Lundin Mining launched a hostile C$1.4-billion takeover bid for fellow Canadian base metals miner Nevsun Resources on Thursday, saying it had failed to convince Nevsun's board to agree to a friendly deal over the past nine months. Cash-rich Lundin, looking to grow its production, has made five... 

Danakali shares admitted to trading on LSE

By: Simone Liedtke     24th July 2018 Just over 264-million shares of potash company Danakali have been admitted to trading on the LSE. Executive chairperson Seamus Cornelius on Tuesday said that the company was “delighted to deliver on another of its strategic goals for 2018”, adding that the LSE listing should increase its profile,... 

Lundin makes another move to buy Nevsun

By: Mariaan Webb     17th July 2018 Keen to bring the Timok copper project, in Serbia, into its fold, Canadian firm Lundin Mining has announced that it will take a C$1.4-billion offer directly to Nevsun Resources shareholders, after unsuccessful attempts to engage with the company over the past five months. Lundin, which earlier... 

Danakali seeks secondary listing on LSE

By: Marleny Arnoldi     12th July 2018 ASX-listed potash project developer Danakali intends to list on the LSE on July 24. The company’s ordinary shares will remain listed on the ASX. Danakali is developing the low-cost, shallow and advanced greenfield sulphate of potash (SoP) Coluli project, in Eritrea.  

Nevsun extends Bisha mine life to 2022

By: Creamer Media Reporter      14th June 2018 TSX-listed Nevsun has approved an openpit extension of the Bisha mine in Eritrea, which will add 3.3-million tonnes of ore to the mill, delivering about 470-million pounds of zinc and 52-million pounds of copper. The extension will allow operations to continue to 2022 and gives Nevsun time to... 

Eritrea 'poison pill' complicates miner Lundin's aspirations – sources

By: Reuters     18th May 2018 The weak human rights record of one of Africa's poorest countries is coming between Lundin Mining Corp and its pursuit of a prized European copper and gold asset. Cash-rich Lundin's latest run at fellow Canadian miner Nevsun Resources is designed to bag the Timok project in Serbia, but it had to... 

Nevsun snubs C$1.5bn Lundin Mining, Euro Sun proposal 4 times

By: Henry Lazenby     8th May 2018 Canadian base metals producer Nevsun Resources remained mum on Monday regarding a C$1.5-billion unsolicited proposal disclosed by suitors Lundin Mining and Euro Sun Mining. Toronto-based Lundin said it had been unable to successfully engage Nevsun in “meaningful discussions” after several attempts. 

Nevsun narrows Q4 loss on impairment reversal

By: Henry Lazenby     4th March 2018 Base metals producer Nevsun Resources has reported a narrower fourth-quarter loss of $3.8-million, or $0.01 a share, as the bottom line benefitted from the partial reversal of an impairment charge previously booked on zinc ore stockpiles. The Vancouver-headquartered company advised that based on... 

Nevsun to invest up to $60m at Serbia project in 2018

By: Simone Liedtke     1st February 2018 New York Stock Exchange-listed Nevsun Resources will invest between $50-million and $60-million this year to advance its Timok Upper Zone copper/gold project, in Serbia. The company on Wednesday released its guidance for this year, with zinc production forecast to reach between 210-million and... 

Nevsun appeals to Canada Supreme Court in Eritreans' forced labour lawsuit

By: Reuters     29th January 2018 Nevsun Resources is appealing to Canada's Supreme Court to throw out a lower court ruling which allowed Eritrean workers, who say they were forced to work at its mine, to have their lawsuit heard in Canada. Canada's top court said on Friday that Nevsun filed an application on Jan. 19, seeking... 

Junior projects lighting bright path into Africa for ‘search and solve’ group

By: Martin Creamer     26th January 2018 Motor and controls manufacturer Zest WEG Group, which designs, manufactures, markets and installs electrical products and solutions across the full electrical spectrum, is achieving great success with its new specially crafted ‘pavement pounding, search and solve’ business model that ensures... 

Junior projects lighting bright path into Africa for ‘search and solve’ group

By: Martin Creamer     26th January 2018 Motor and controls manufacturer Zest WEG Group, which designs, manufactures, markets and installs electrical products and solutions across the full electrical spectrum, is achieving great success with its new specially crafted ‘pavement pounding, search and solve’ business model that ensures... 

Miner prioritises zinc production in strong market

19th January 2018 Canadian miner Nevsun Resources has ensured improved zinc recoveries at its zinc/copper/gold Bisha mine, in Eritrea, through its decision in August to allocate additional capital to the mine and delay the delivery of the prefeasibility study (PFS) for its Serbia-based Timok copper/gold to the... 

Nevsun trading lower as copper recoveries continue to lag plan

By: Henry Lazenby     12th January 2018 Canadian miner Nevsun Resources has reported strong zinc output at its flagship Bisha mine, in Eritrea, hitting the top end of its 2017 guidance. However, the news late on Wednesday was not enough to bolster investor sentiment on Thursday, as the company’s struggling copper output again... 

Canada to create overseas mining watchdog early in 2018

By: Reuters     13th December 2017 Ottawa plans early next year to create an independent office to oversee Canadian mining, oil and gas companies' activities abroad, a government spokesman said on Tuesday, a move that environmental and human rights groups have long demanded. The office would have both an "advisory and robust... 

Danakali board approves dual listing plans

By: Mariaan Webb     21st November 2017 Potash junior Danakali on Tuesday announced its intention to list on the LSE next year, becoming the second ASX-listed exploration and development firm to announce a dual listing in London this week. Danakali said its dual listing, planned for the first half of 2018, was in line with its equity... 

Building presence in East Africa through Tanzanian office

13th October 2017 Drive engineering specialist SEW-Eurodrive is adding to its existing presence in Tanzania, its main hub in Eastern Africa, by opening a new office in Kenya and starting a recruitment drive in Burundi and the Democratic Republic of Congo (DRC). SEW-Eurodrive’s Tanzanian branch, in Der Es Salaam,... 

Zinc deficit grows 30% in first eight months of 2017; lead narrows gap – ILZSG

By: Henry Lazenby     11th October 2017 The zinc supply gap has widened by 30% year-on-year for the first eight months of this year, new data published by the International Lead and Zinc Study Group (ILZSG) shows. The Lisbon, Portugal-based organisation on Wednesday said the zinc deficit had grown from 221 000 t over the same... 

Ortac strengthens strategic focus on high potential African exploration

By: Natasha Odendaal     11th September 2017 Aim-listed Ortac Resources has set its focus exclusively on its high-potential African exploration mining assets after a board revamp set a strategy review in motion. The exploration and mine development company aims to fast-track its core gold and copper assets in the Democratic Republic of... 

Zinc’s six-month deficit grows 3% y/y – ILZSG

By: Henry Lazenby     22nd August 2017 The latest date published by the International Lead and Zinc Study Group (ILZSG) has found a 3% year-on-year wider zinc market supply gap for the first six months of 2017. According to preliminary data recently compiled by the ILZSG, the global market for refined zinc metal was in deficit by 203... 

Nevsun delays Timok schedule, provides more capital for flagship Bisha ops

By: Henry Lazenby     11th August 2017 Canadian base metals producer Nevsun Resources this week announced a strategic update on its capital allocation plans, allotting extra capital to its Eritrea-based Bisha zinc/copper/gold operation and delaying the timetable for delivery of the Serbia-based Timok prefeasibility study (PFS) to the... 

Zinc, lead demand continue to outstrip output

By: Henry Lazenby     18th July 2017 New analysis by the International Lead and Zinc Study Group (ILZSG) has found that demand for zinc grew by 1.14% during the first five months of 2017, with mine output rising 6.3% and refined metal output up 0.4%. In its latest report published on Monday, the ILZSG said that preliminary data it... 

Implementation of hybrid renewable-diesel microgrids set to increase

By: Nadine James     30th June 2017 Mining houses’ use of microgrids and renewable energy to generate power and supplement diesel energy at isolated mining operations has been steadily increasing, says renewable-energy and microgrid consultant THEnergy. THEnergy founder and MD Dr Thomas Hillig notes that the company has been... 

Nevsun restarts copper concentrate sales

By: Henry Lazenby     20th June 2017 Base metals producer Nevsun Resources has resumed sales of copper concentrate produced from primary ore at the Bisha mine, in Eritrea. The Vancouver-based miner reported on Tuesday that it has sold and shipped 5 800 t of concentrate to an international trader on competitive commercial terms. 

Andiamo Exploration raising funds to explore Eritrea licences

By: Megan van Wyngaardt     8th June 2017 Private UK-based junior miner Andiamo Exploration is seeking to raise $2-million to undertake exploration at its licences, in Eritrea, and continue the development of its mines. Speaking at the Junior Mining Indaba, in Johannesburg, CEO Tim Williams on Thursday said the company, in which mineral... 

Earth observation satellites starting to bring benefits to mining sector

By: Keith Campbell     2nd June 2017 At last month’s International Symposium on Remote Sensing of the Environment, held at the Council for Scientific and Industrial Research (CSIR), in Pretoria, one of the very many topics addressed was the use of remote sensing, particularly from earth observation (EO) satellites, to support the... 

Earth observation satellites starting to bring benefits to mining sector

By: Keith Campbell     2nd June 2017 At last month’s International Symposium on Remote Sensing of the Environment, held at the Council for Scientific and Industrial Research (CSIR) in Pretoria, one of the very many topics addressed was the use of remote sensing, particularly from Earth observation (EO) satellites, to support the... 

Danakali finds power solution for Colluli

By: Esmarie Iannucci     31st May 2017 Potash developer Danakali has appointed a preferred power provider for its Colluli project, in Eritrea, following a tender process. US-based Inglett and Stubbs International has now been appointed as the preferred power provider, and Danakali said on Wednesday that work will now start on further... 

Danakali finds funding for Colluli

By: Esmarie Iannucci     17th May 2017 Potash developer Danakali will raise some A$12.25-million through a share placement to sophisticated and institutional investors in the UK and Australia. The company told shareholders that some 20-million new shares will be issued at a price of 62c each, representing a 7.4% discount to the... 

Colluli gets extra output at no cost

By: Esmarie Iannucci     4th May 2017 Potash developer Danakali has added a further 47 000 t/y of potash of sulphate output capacity at its Colluli project, in Eritrea, after a systematic debottlenecking of the processing plant configuration. The ASX-listed company this week stated that the expected additional capacity had been... 

Nevsun taps UK-based Aggreko to provide 29.5 MW solar-diesel hybrid power to Bisha

By: Henry Lazenby     4th May 2017 Canadian base metals producer Nevsun Resources has signed a ten-year deal with Glasgow-based Aggreko to provide solar-diesel hybrid power to Nevsun’s flagship Bisha mine, in Eritrea. Aggreko will supply 22 MW of diesel and 7.5 MW of solar-generated power for the company’s copper and zinc... 

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