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Hawkstone abandons US lithium buy

By: Esmarie Swanepoel     15th June 2018 The Australian share price of Hawkstone Mining dropped by more than 22% on Friday after the company announced its withdrawal from its acquisition of USA Lithium. Hawkstone in March this year took an option over USA Lithium, which holds the Big Sandy and Lordsburg lithium projects, in Arizona and... 

Goldcorp says protest could halt production at Mexico gold mine

By: Reuters     11th June 2018 Canada's Goldcorp said on Monday an ongoing protest blocking entry to its Penasquito mine, one of Mexico's biggest gold producers, could force the company to halt output. The mine, in northern Zacatecas state, produced 476 000 oz of gold last year, comprising 18% of Goldcorp's total production... 

Alio Gold appoints executive VP, COO

By: Marleny Arnoldi     8th June 2018 TSX-listed gold miner Alio Gold has appointed Doug Jones as executive VP and COO.  

Coal sector remains dynamic despite renewables push

By: Natasha Odendaal     8th June 2018 The coal sector is expected to remain “quite dynamic” over the next ten years, with a forecast of eventual rising prices, despite a slowdown in production, a negative image and a strong push to clean energy, a new report by BMI Research shows. Unpacking the global trends in coking and thermal... 

Trump metal tariffs send corporate Canada reeling in disbelief

By: Bloomberg     2nd June 2018 To get a sense of the disbelief gripping Canadian manufacturers since the U.S. imposed metal import tariffs, have a chat with Marc Dutil. “I just want to scream,” the CEO of structural-steel maker Canam Group said Friday by phone. “All this is doing is creating uncertainty. It’s the last thing... 

Brazil says US tariffs and quotas unjust, still open to negotiate

By: Reuters     2nd June 2018 The Brazilian government said US quotas and tariffs that went into effect on Friday on Brazil's steel and aluminum exports to the United States were unjustified, but said it remains open to negotiate a solution that benefits industries in both countries. Under the new quota-based system agreed... 

Southern has copper giants in the crosshairs with Peru expansion

By: Bloomberg     1st June 2018 Southern Copper is preparing to scale the ranking of global producers by spending more than $10-billion in Peru and Mexico, taking advantage of rising prices underpinned by years of industry belt-tightening. The fifth-largest copper producer hopes to start work on its Tia Maria project in Peru... 

Currency movements to deliver mixed results for African countries

By: Natasha Odendaal     1st June 2018 The forecast currency movements over the next decade is likely to deliver mixed impacts for African mining operations, with South Africa’s currency expected to depreciate against the dollar over a ten-year horizon. BMI Research’s latest report, ‘Currency movements to 2027: Winners and losers in... 

Canada to impose tariffs on US, challenge at WTO

By: Reuters     31st May 2018 Canada will impose retaliatory tariffs on C$16.6-billion worth of US exports and challenge US steel and aluminum tariffs under the North American Free Trade Agreement and the World Trade Organisation (WTO), Canadian Foreign Minister Chrystia Freeland said on Thursday. The Canadian tariffs are... 

US hits EU, Canada and Mexico with steel, aluminum tariffs

By: Reuters     31st May 2018 The United States on Thursday said it was moving ahead with tariffs on aluminum and steel imports from Canada, Mexico and the European Union, ending a two-month exemption and potentially setting the stage for a trade war with some of America's top allies. US Commerce Secretary Wilbur Ross told... 

Fresnillo celebrates 10-year LSE anniversary

By: Creamer Media Reporter      31st May 2018 Fresnillo, the world’s leading producer of silver and Mexico’s largest gold producer, on Thursday celebrated ten-years of being listed on the LSE. Fresnillo listed on the LSE following its spin-out from parent company Peñoles. 

Peru's Buenaventura seeks deal with Southern on copper project

By: Reuters     31st May 2018 Peruvian precious metals miner Buenaventura said Southern Copper Corp is evaluating its proposal to jointly develop Southern's $2-billion copper project Michiquillay, Buenaventura's chief executive told Reuters on Wednesday. "They were receptive ... but it's up to them to evaluate the preliminary... 

The 5 most exciting commodity markets in Latin America in 2018

29th May 2018 Excitement around lithium is booming at the moment with the future of electric vehicles nearly upon us. Lithium is the key element used in lithium-ion batteries, usually found in mobile phones and laptops. However while a laptop battery needs 30g of lithium, an electric car needs at least 10kg,... 

McEwen Mining PEA outlines new lease on life for El Gallo Complex

By: Henry Lazenby     25th May 2018 Dual-listed precious metals producer McEwen Mining has published a preliminary economic assessment (PEA) on its El Gallo Complex, in Sinaloa state, Mexico, outlining a redevelopment plan called Project Fenix that could add between 10 and 12 additional years to the operation. Based on an updated... 

Kootenay sets its sights on potential high-grade silver/gold deposit in Mexico

By: Creamer Media Reporter      17th May 2018 TSX-V-listed Kootenay Silver has entered into an option agreement to acquire a 100% interest in the Copalito silver/gold project, in Mexico. The project comprises seven concessions totaling about 3 700 ha.  

Azure looks at development options for Oposura

By: Esmarie Swanepoel     17th May 2018 ASX-listed Azure Minerals was investigating a number of development options at its Oposura zinc and lead-silver project, in Mexico. The company told shareholders that over a dozen metals trading companies and base metal smelters and shown interest in purchasing the zinc and lead-silver... 

Golden Reign inks LoI to merge with Wexford Capital’s Marlin Gold

By: Henry Lazenby     16th May 2018 The TSX-V-listed equity of Golden Reign Resources jumped nearly 32% on Tuesday after it announced that it has signed a letter of intent (LoI) to acquire private firm Wexford Capital’s Marlin Gold business. Golden Reign plans to buy all of the issued and outstanding common shares of Marlin Gold,... 

WPM hopeful of reaching CRA settlement deal; progress on new $500m+ contracts

By: Henry Lazenby     15th May 2018 The world’s largest precious metals streaming firm Wheaton Precious Metals (WPM) has reached out to the Canadian Revenue Agency (CRA) to try and reach a settlement, but to no avail yet, president and CEO Randy Smallwood told Mining Weekly Online in an interview on Monday. The Vancouver-based... 

Rising earnings to mark Americas Silver’s next 3 quarters as silver optionality beckons

By: Henry Lazenby     15th May 2018 Diversified Canadian miner Americas Silver is looking towards growing profit over the next three quarters as lower costs and rising grades at key operations provide it with runway potential to reward investors. “Our job as management is to figure out how to make money at these low silver prices.... 

Silver miners report solid results

By: Henry Lazenby     11th May 2018 Canadian silver miners Americas Silver and Excellon Resources have reported strong operational improvements during the first quarter ended March 31, as both companies navigate the dithering silver price environment and focus internally to streamline operations and drive down costs. Toronto-based... 

Streaming firms reward shareholders with rising dividends on strong Q1 earnings

By: Henry Lazenby     11th May 2018 Shareholders of some of the most prominent Canadian precious metals streaming firms have been rewarded with rising dividends on the back of strong first-quarter earnings results. Precious metals streaming deal pioneer and the largest player in this specialist sector, Wheaton Precious Metals... 

New Gold appoints former Rainy River executive as CEO

By: Henry Lazenby     10th May 2018 TSX-listed gold producer New Gold has appointed the former CEO of Rainy River Resources – which New Gold bought out in 2013 – Raymond Threlkeld to succeed Hannes Portmann, who has left the company to pursue other opportunities, as CEO. Threlkeld will also join the board, the company advised. 

South Africa views itself as ‘collateral damage’ in global trade war

By: Terence Creamer     2nd May 2018 Department of Trade and Industry (DTI) believes South Africa has become “collateral damage in the trade war of key global economies” after the country was excluded from a list of countries exempted from tariffs imposed by the US on steel and aluminium imports. While insisting that the country... 

Canada says US tariffs hurt jobs; aluminium industry worried

By: Reuters     1st May 2018 Canada has repeated its position that imposing punitive trade measures would hurt jobs in both countries, in reaction to US President Donald Trump's decision to postpone steel and aluminium tariffs that were set to go into effect on Tuesday. The Trump administration said on Monday that the 25%... 

Here's how the EU will punch back against Trump trade tariffs

By: Bloomberg     30th April 2018 President Donald Trump will decide by midnight Monday if the US will slap permanent aluminum and steel tariffs on the European Union, inflaming trans-Atlantic tensions and raising the chances of a global trade conflict. Washington imposed a 25% tariff on steel and 10% on aluminum products on... 

Consolidated Zinc increases Mexican resource

By: Esmarie Swanepoel     30th April 2018 ASX-listed Consolidated Zinc has reported a 32% increase in the resource estimate at its Tres Amigos project, in northern Mexico. The project is now estimated to contain some 1.17-million tonnes, grading 16.1% zinc and lead for 189 700 t of contained metal. 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

By: Henry Lazenby     25th April 2018 A new report that fine-combed the national pollutant release and transfer registers (PRTRs) of Canada, the US and Mexico to explore pollutant data reported by industrial facilities, has pointed to the critical need to standardise the way information is collected across the three jurisdictions,... 

US aluminium trade group calls on Trump to avoid quotas

By: Reuters     25th April 2018 A US aluminium trade group said US manufacturers rely on foreign metal and called on the US government to avoid quotas on nations exempted from tariffs on aluminium imports. US President Donald Trump last month announced a 10% tariff on aluminium imports to counter what he has described as... 

Latin America the leading region in new global wave of exploration

By: Rebecca Campbell     20th April 2018 Worldwide, the mining industry has been recovering from the slump that started in 2012. “After a challenging 2013/14 when the prices of commodities plummeted across the board, 2016 and 2017 have seen resurging prices for aluminium, copper, zinc, nickel, lead, palladium and, more modestly, gold,”... 

Chemical ore separation market now expanding

20th April 2018 While the company’s historic market for the supply of chemicals to separate orebodies comprises mainly the Central Africa Copperbelt of Zambia and the Democratic Republic of Congo, the market is expanding in terms of geography and mineral range, says mining reagent specialist Axis House MD Trevor... 

Latin America the leading region in new global wave of exploration

By: Rebecca Campbell     20th April 2018 Worldwide, the mining industry has been recovering from the slump that started in 2012. “After a challenging 2013/14 when the prices of commodities plummeted across the board, 2016 and 2017 have seen resurging prices of aluminium, copper, zinc, nickel, lead, palladium, and more modestly in gold,”... 

International Frontier partnership spuds first hole at Mexican Tecolutla block

By: Henry Lazenby     13th April 2018 Calgary-based oil and gas developer International Frontier Resources (IFR) announced on Thursday that the first evaluation well, TEC-10, has been spudded at its onshore Tecolutla block, in Mexico, which it is developing in partnership with Mexican joint venture (JV) partner Tonalli Energia. The... 

Shareholders give thumbs up for Leagold/Brio merger

By: Henry Lazenby     13th April 2018 The shareholders of both Leagold Mining and Brio Gold have voted in favour of a friendly $264-million all-scrip offer by Leagold to acquire Brio. Brio now intends to seek a final order approving the transaction from the Ontario Superior Court of Justice by next Tuesday. Assuming all other... 

Global silver output falls 4.1% in 2017, as industrial demand ramps up – GFMS

By: Henry Lazenby     12th April 2018 A new survey by the GFMS team at Thomson Reuters has found that global silver output had fallen 4.1% in 2017 to 852.1-million ounces. Prepared by GFMS, the report found that total physical demand of 1.02-billion ounces was 25% lower year-on-year, signalling that the tightening of the... 

Canadian miners report strong Q1 production

By: Henry Lazenby     11th April 2018 Several Canadian miners have started publishing their production results for the three months ended March 31, reporting a strong start to the calendar year. Toronto-based Kirkland Lake Gold has reported strong first-quarter results, with output growing 13% year-on-year to 147 644 oz of gold. 

Canadian crude increasingly attractive for US Gulf Coast refineries as market landscape changes

By: Henry Lazenby     10th April 2018 Canadian crude oil could account for up to one-third of the US Gulf Coast (USGC) region’s heavy oil refining market by 2020, a new report by market research and consultancy firm IHS Markit has found. According to the analyst’s latest research, supplies of Canadian oil sands heavy crude are... 

Bacanora terminates NextView placing, reaffirms Sonara H1 construction start

By: Mariaan Webb     6th April 2018 London-listed Bacanora Lithium has terminated its £31.17-million placing agreement with NextView, after the Chinese institutional fund management group defaulted on the December 2017 agreement. NextView would have acquired a 19.89% equity interest in Bacanora through the acquisition of 32 976... 

Bacanora makes progress on German Zinnwald lithium project feasibility study

By: Henry Lazenby     5th April 2018 Project developer Bacanora Lithium is making good progress on its feasibility study for the Zinnwald lithium project, located in Germany’s Southern Saxony region, the company reported on Wednesday. The company, which has now successfully re-domiciled from Canada to London, in the UK, and moved... 

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