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Topic

African Energy to delist from Botswana exchange

By: Megan van Wyngaardt     19th January 2018 ASX-lsited African Energy Resources (AER) on Friday said it would delist from the Botswana Stock Exchange (BSE), as it currently encompassed only 22 shareholders with less than 0.3% of its shares on issue. Listed since October 2011, AER’s directors believed that the administrative costs and... 

South African company building new smelter in Zimbabwe

By: Victor Moolman     19th January 2018 Foundry and engineering company Thos Begbie is working in the Great Dyke of Zimbabwe, close to the town of Shurungwi, where it is helping to construct the Unki platinum smelter, adjacent to a mining operation owned by platinum mining company Anglo American Platinum (Amplats). Thos Begbie was... 

Northern Dynasty ready to file application for Pebble’s US CWA 404 permit

By: Henry Lazenby     21st December 2017 Canadian project promoter Northern Dynasty Minerals announced on Thursday that its US-based subsidiary Pebble Limited Partnership (PLP) is ready to file an application for a US Clean Water Act (CWA) 404 permit with the US Army Corps of Engineers on Friday. “At the outset of 2017, we established... 

First Quantum breathes new life into Northern Dynasty’s Pebble project

By: Henry Lazenby     18th December 2017 Base metals miner First Quantum Minerals has signed a framework agreement with Northern Dynasty Minerals to work on formalising an option on the controversial Pebble copper/gold project, in south-east Alaska. The announcement on Monday breathes new life into the project billed as the largest... 

Agromining may provide new opportunities to extract remaining value from mined land

By: Mia Breytenbach     24th November 2017 With a significant portion of large mineral deposits having been discovered worldwide, and, in many cases, reaching the end of viable economic recovery, phytomining is one option that could be chosen to extract the remaining value from this mined ground, Florida International University... 

Agromining may provide new opportunities to extract remaining value from mined land

By: Mia Breytenbach     24th November 2017 With a significant portion of the large mineral deposits having been discovered worldwide, and in many cases reaching the end of viable economic recovery, phytomining is one option that could be chosen to extract the remaining value from this mined ground, Florida International University... 

BME claims world record for most electronic detonators fired in single blast

By: Ilan Solomons     27th October 2017 Johannesburg-headquartered explosives and services supplier BME says it has broken the world record for the most electronic detonators fired in a single blast. This was achieved in conjunction with its client Kansanshi Mining at its Kansanshi operation, in North-Western province, in Zambia.... 

Argentina Lithium starts digging at Arizaro

By: Henry Lazenby     13th October 2017 Lithium explorer Argentina Lithium & Energy has initiated its first drilling and subsurface brine sampling programme at the 20 500 ha Arizaro lithium project, located on the Arizaro Salar in Salta province. The TSX-V-listed company initially plans to drill three to four holes, with depths up to... 

Golden value-addition for Zambian copper miner

By: Ilan Solomons     6th October 2017 Copper mining can produce lucrative by-products, with the most common one in Zambia being cobalt. It sells for five times more than copper on world markets. However, Zambia Chamber of Mines initiative Mining for Zambia (MFZ) points out that the ultimate by-product for any copper mine is gold and... 

800 000 t copper output by year-end conservative estimate

By: Simone Liedtke     15th September 2017 Copper production in Zambia will reach just more than 800 000 t by the end of this year as the country is taking steps to regain its position as Africa’s leading copper producer, according to Zambia Chamber of Mines (CoM) initiative Mining for Zambia (MFZ). “This is a conservative estimate,... 

Kalumbila facility will service global mining industry

     15th September 2017 By the first quarter of 2018,  a building site in Kalumbila, in North-Western province, in  Zambia, will be transformed into a $40-million manufacturing facility that will produce high-quality mill-balls for mines in Zambia, neighbouring countries and the world market, says Zambia Chamber of... 

Solutions provider helping Zambia tackle mining challenges

By: Simone Liedtke     15th September 2017 The mining and mineral processing sectors present some of the most challenging production environments, as the large-scale operations are often located in harsh, remote areas, explains technical solutions provider BMG.  

Nitrogen generator offers Zambian mines extended tyre life

By: Simone Liedtke     15th September 2017 There are several opencast mines on the Copperbelt in Zambia using large haul trucks to transport ore from the pit for crushing and processing, and extending the life of tyres plays a significant role in cutting costs and improving production, says on-site nitrogen gas generator supplier NitraLife. 

World's richest mines slipping from hands of multinationals

By: Bloomberg     5th September 2017 Outnumbered and outflanked, Freeport-McMoRan CEO Richard Adkerson made an about-face. Only months before, Adkerson had dismissed the idea of selling a majority stake in the Phoenix-based company’s flagship Indonesian copper-and-gold mine to local investors. But, seated beside government officials... 

Zambian copper production to grow by 7% this year, despite power challenges

By: Anine Kilian     4th September 2017 The Zambian government’s support for the mining industry and strong copper prices are expected to drive growth in the country’s copper production for this year, despite ongoing power shortages. BMI Research on Monday pointed out that, according to data published by the Zambian central bank,... 

First Quantum acquires Korean smelter’s stake in Minera Panama

By: Samantha Herbst     1st September 2017 TSX-listed base metals miner First Quantum Minerals has signed an agreement with LS-Nikko Copper to acquire the Korea-based smelter’s 10% ownership interest and shareholder loans in Minera Panama, First Quantum’s Panamanian subsidiary, for a headline value of $635-million, payable in six... 

Africa's biggest copper mine hit by Zambian power restrictions

By: Bloomberg     15th August 2017 Zambia is cutting power to mines including Africa’s biggest copper site, the Kansanshi pit owned by First Quantum Minerals, escalating a fight over tariffs. "They have still got some significant amount of power for them to operate, but obviously their operations will not be at 100% because of the... 

This Canadian copper giant is missing best of metal's surge

By: Bloomberg     12th August 2017 As copper producers from Freeport-McMoRan to BHP Billiton ponder what to do with the windfall from surging prices, First Quantum Minerals has no such dilemma. Unlike most of its peers, First Quantum’s copper sales are fully hedged – at an expected average price of $2.37/lb for the second half of... 

Interest returning to Africa in response to commodities resurgence

     11th August 2017 Interest in Africa’s mineral potential is returning and there is a growing confidence in the future of the resources sector in Africa and in Africa–Australia relations, says organiser of the Africa Down Under (ADU) conference, Australian magazine publisher, Paydirt Media.  

Nedbank debt-financing African mining projects to the tune of $7bn

By: Ilan Solomons     11th August 2017 Investment banking services provider Nedbank Corporate and Investment Banking (CIB) is providing the African mining industry with about $7-billion in debt financing products and says it remains open for business opportunities across the continent. Nedbank CIB mining finance principal Paul Miller... 

Depressed nickel price prompts care and maintenance for First Quantum’s Ravensthorpe mine

By: Henry Lazenby     10th August 2017 Starting in September, base metals producer First Quantum Minerals will mothball its nickel-producing Ravensthorpe mine, in Western Australia, on the back of the persistently low nickel price, the company announced on Wednesday. The Toronto-headquartered company expects that full care and... 

Conflicting Perceptions

By: Ilan Solomons     4th August 2017 There exists a clear sense of optimism in Zambia’s government circles about the future of the mining industry, particularly regarding the stability of the regulatory and fiscal regime, a stronger copper price and increased production, which the government projects will reach 850 000 in 2017 from... 

Zambian copper mines urged to ‘grasp the opportunity’ as price enjoys strongest, most sustained rally

By: Ilan Solomons     4th August 2017 With the copper price hovering at around $6 000/t, the red metal is enjoying its strongest and most sustained price rally since the depths of the global commodity slump in January 2015, when it was languishing at around $4 300/t owing to slower Chinese demand, notes the Zambia Chamber of Mines... 

First Quantum swings to headline Q2 loss despite red metal ramp-up

By: Henry Lazenby     28th July 2017 Canadian miner First Quantum Minerals has reported a comparative loss of $18-million, or $0.03 a share, for the three months ended June, despite an 8% year-on-year improvement of copper output. This contrasted with the Toronto-based company’s comparative earnings of $38-million, or $0.06 a share,... 

Zambian miners join forces to improve occupational health and safety

By: Dylan Slater     21st July 2017 Metals mining company First Quantum Minerals’ (FQM’s) subsidiary mining companies in Zambia, Kansanshi Mining and Kalumbila Minerals, together with gold and copper miner Barrick Gold’s nearby copper mine – Lumwana mine – have taken proactive steps to improve their mine safety procedures to save... 

Explorer seeking partners to support its efforts to tap Mauritania’s mineral wealth

By: Ilan Solomons     7th July 2017 Mauritania has many mining investment opportunities, with economic, social and political conditions conducive to the pursuit of developing a sector considered strategic by the country’s government, says Oil, Energy and Mines Minister Dr Mohamed Abdel Vetah. He points out that the Mauritania... 

Explorer seeking partners to support its efforts to tap Mauritania’s mineral wealth

By: Ilan Solomons     7th July 2017 Mauritania has many mining investment opportunities, with economic, social and political conditions conducive to the pursuit of developing a sector considered strategic by the Mauritanian government, says Mauritania Oil, Energy and Mines Minister Dr Mohamed Abdel Vetah. He points out that... 

$5.48bn Panama project on track for 2018 commissioning

By: Esmarie Swanepoel     18th May 2017 The $5.48-billion Cobre Panama copper project, being developed by First Quantum Minerals, is on track for commissioning in 2018. Speaking at the Paydirt Latin America Downunder conference, in Perth, First Quantum global exploration director Mike Christie said on Thursday that the company was... 

First Quantum executive director Rowley resigns

By: Henry Lazenby     18th May 2017 One of the co-founders of Canadian base metals producer First Quantum Minerals Martin Rowley will retire on June 30. He co-founded the company with Philip Pascall and Clive Newall in 1996, and served as CFO and director until 2007, when he assumed the role of executive director for business... 

Dust-suppression specialist geared for growth in Africa

By: Simone Liedtke     12th May 2017 Environmental management company I-CAT Environmental Solutions continues to grow its market share in dust-suppression management and solutions, and intends to increase its market share in Africa this year. 

Zambia President orders case against First Quantum to be dropped

By: Bloomberg     10th May 2017 Zambian President Edgar Lungu has instructed that the fraud case the State investment company brought against the country’s biggest copper producer and some of its directors be dropped, his spokesman said. Arbitration over the matter will continue in London. First Quantum Minerals, based in... 

First Quantum asks Zambian attorney general to block charges

By: Bloomberg     9th May 2017 First Quantum Minerals has asked Zambia’s attorney general to block criminal proceedings that may be brought against its directors of a State-controlled mining-investment company. The copper producer, based in Vancouver, said it’s been “reliably informed” that  ZCCM Investments Holdings is... 

Zambia said to near mine company stake sale to Israeli investor

By: Bloomberg     25th April 2017 Zambia, Africa’s second-biggest copper producer, is close to selling a stake in ZCCM Investments Holdings, a State controlled mine holding company, for more than $100-million, according to three people familiar with the matter. Sapir Capital, an Israeli private equity company that’s invested in... 

Botswana grants Sese mining lease

By: Esmarie Swanepoel     29th March 2017 The Botswana government has awarded ASX-listed African Energy a mining licence for its Sese joint venture (JV). The mining licence covers 51.47 km2 and contains 650-million tonnes of raw coal classified as measured and indicated resources, with African Energy saying on Tuesday that the granted... 

World's newest copper mine is a loner until prices rebound

By: Bloomberg     8th March 2017 The end of the commodities super-cycle has left just one new major copper mine on the verge of production. Its owner says prices need to recover further before others are built. Cobre Panama, a sprawling openpit mine being developed by First Quantum Minerals in the central American nation, is set... 

Higher costs, lower prices impact on First Quantum's Q4 net earnings

By: Henry Lazenby     18th February 2017 Base metals producer First Quantum Minerals' net earnings from continuing operations decreased to $12-million for the three months ended December 31, compared with $111-million posted for the fourth quarter of 2015, as higher costs and lower metals prices weighed on the bottom line. For the full... 

SFO probes Israeli billionaire, ex-ENRC directors on Congo deals

By: Bloomberg     5th December 2016 The UK Serious Fraud Office (SFO) is investigating Israeli billionaire Dan Gertler and four former Eurasian Natural Resources Corporation (ENRC) executives as part of its three-year probe into the Kazakh company’s acquisition of copper and cobalt mining projects in the Democratic Republic of... 

Copper mining offers growth opportunity to dust suppressant supplier

By: Nadine James     2nd December 2016 Johannesburg-based nanotechnology provider Cruze Holdings expects to secure more work from African copper mining operations as its products generate savings by ensuring companies spend less on their existing road dust suppression measures. The company may double its mining revenue within the next... 

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