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Strong copper price sees OZ Minerals double net profit

By: Dylan Slater     Updated 1 hour 30 minutes ago South Australia-focused miner OZ Minerals has delivered a strong operational performance in 2017, which enabled the miner to exploit improved copper prices and deliver a 114% net profit after tax increase to $231-million 

Gold, silver miner Hochschild eyes move into copper and zinc

By: Reuters     21st February 2018 Gold and silver miner Hochschild Mining, which has been scouting for early-stage mining projects, is interested in moving into other metals including copper and zinc, the company's chief executive said on Wednesday. Miners around the world have been looking to take advantage of demand for... 

As Trump takes aim at foreign metal, Canada argues for exemption

By: Bloomberg     20th February 2018 The biggest steel and aluminium exporter to the US is hopeful of being left out of a Trump administration crackdown on foreign shipments. The US Commerce Department didn’t recommend giving Canada a pass when it outlined possible tariffs and quotas on Friday, but it did single out its northern... 

As 'America First' turns to steel, Canada looks to duck trump ax

By: Bloomberg     20th February 2018 Canada, the top steel and aluminum exporter to the US, is hopeful of being left out of a Trump administration crackdown on foreign shipments. While the US Commerce Department didn’t recommend giving its northern neighbor a pass when it outlined possible tariffs and quotas on Friday, it did... 

BHP Billiton expects drilling of first new Trion well to begin in October

By: Reuters     16th February 2018 Drilling of the first new exploration well in BHP Billiton's deepwater Trion project will begin in October, part of a plan approved by Mexican regulators on Thursday that also revised downward the project's estimated oil and gas resources. Australian mining and oil giant BHP Billiton won the... 

North America’s mining industry eyeing growth

By: Donald Makhafola     16th February 2018 The North American mining sector is earmarked for growth this year, owing to rising commodity prices, despite challenges, which include rising environmental concerns over water use and water source contamination through mining operations, says advisory firm Deloitte Canada Americas mining leader... 

Bacanora proposes to domicile to the UK, delist from TSX-V

By: Simone Liedtke     9th February 2018 Lithium company Bacanora Minerals said on Friday that it would restart the process of changing its domicile of jurisdiction from Canada to the UK. The company had sought shareholder approval to effect the redomicile in September 2016, but failed to obtain the requisite approval. 

'Canada-Mexico relationship more important than ever' – Quebec Mines Minister

By: Henry Lazenby     8th February 2018 Against the backdrop of heated North Atlantic Free Trade Agreement (Nafta) negotiations between trading partners Mexico, the US and Canada, relations between Mexico and Canada are more important than ever, Quebec Energy and Natural Resources Minister Pierre Moreau told an audience at the Mexico... 

Rio Tinto confident US will treat Canada differently on trade

By: Bloomberg     8th February 2018 The head of Rio Tinto Group’s aluminium division is confident the Trump administration will recognize that Canada must be viewed differently when considering import tariffs on the metal and in Nafta talks. “There’s a clear recognition of the strategic importance of the Canadian industry to the... 

Bacanora appoints CFO and new board member

By: Creamer Media Reporter      6th February 2018 London- and Canada-listed lithium company Bacanora Minerals has appointed former Gemfields finance chief Janet Boyce as its CFO with immediate effect. Boyce is replacing Derek Batorowski, who is stepping down to pursue other business interests. Batarowski will continue to serve as Bacanora... 

Southern Copper closes lower on surprise loss

By: Henry Lazenby     2nd February 2018 Base metals miner Southern Copper has reported a surprise loss of $287.5-million in the fourth quarter ended December 31, saying a $743.3-million one-time payment related to US tax reforms weighed on its financial results. Excluding special items, the company would have reported earnings of... 

Kefi welcomes senior managers to executive committee

By: Megan van Wyngaardt     1st February 2018 Aim-listed gold and copper exploration and development company Kefi Minerals has expanded its senior management team as part of preparations for its development and operations. This includes the appointment of David Munro as head of operations, Eddy Solbrandt as head of systems and Brian Hosking... 

Bacanora says it remains committed to NextView deal

By: Creamer Media Reporter      1st February 2018 UK- and Canada-listed lithium company Bacanora said on Thursday that the completion date of its previously announced equity offering with Chinese institutional fund management group NextView had been extended, but confirmed that both parties remained committed to the funding deal. In December,... 

Premier earmarks $83m for 2018 exploration, development initiatives

By: Henry Lazenby     31st January 2018 Canadian precious metals miner Premier Gold Mines has approved a 2018 exploration and development budget of $38.8-million, the company announced on Tuesday. The budget will be supplemented by a further $6-million to be spent at the McCoy-Cove joint venture (JV), in Nevada, funded entirely by... 

Gold juniors Minera Alamos, Corex Gold to merge

By: Henry Lazenby     31st January 2018 Junior mining companies Minera Alamos and Corex Gold have announced a merger of the two TSX-V-listed companies on Tuesday. The merger is expected to create a new entity with a market capitalisation of about C$50-million, with about C$6-million in cash on hand and holding a portfolio of three... 

Brazil, Peru to lead LatAm mineral project development to 2020

By: Henry Lazenby     30th January 2018 Boosted by higher commodity prices in general, miners are increasingly focusing on project development as healthier balance sheets allow them the opportunity to return to their long-term growth strategies. According to data supplied by Fitch-affiliated research firm BMI, two countries are... 

Successfully delivering results 15 years after commissioning

     25th January 2018 For 25 years, Immersive Technologies has been working with mining companies across the globe to achieve Real Results in operator safety and productivity – these partnerships have for many years driven quantifiable operational improvement. Successfully achieving these results means consistently... 

Virtual Reality Training, WorksiteVR Quest: A Leap Forward in Personnel Induction at Rio Tinto’s Oyu Tolgoi Mine.

     25th January 2018 Immersive Technologies developed a series of WorksiteVR Quest www.immersivetechnologies.com virtual reality scenarios designed to facilitate a blended learning model in conjunction with eLearning and practical activities. Mine site inductions are necessary however often dry, boring, and... 

Brio jumps 50% on friendly $264m Leagold takeover bid

By: Henry Lazenby     24th January 2018 The TSX-listed equity of Brio Gold jumped 50% on Tuesday following rising precious metals producer Leagold Mining's announcement of its intention to make a friendly $264-million all-scrip offer for the company by February 28. Leagold is making good on its promise to use the April 2017 acquisition... 

Excellon sees stable Q4 production

By: Anine Kilian     23rd January 2018 Having ramped up production at its Mexico-based Platosa mine, TSX-listed silver miner Excellon removed a major bottleneck and demonstrated stable fourth-quarter production despite dry mining conditions. "We have more work to do though, as we are working through normal course transitional issues... 

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... 

WoodMac urges automakers to ‘get out their chequebooks’, secure energy metal supplies

By: Henry Lazenby     17th January 2018 Auto manufacturers are ramping up strategies to cash in on the accelerating worldwide acceptance and demand for electric vehicles (EVs), prompting advice from research and consultancy group Wood Mackenzie for automakers to ‘get out their chequebooks’ and take stakes in mines or new mine projects... 

IFR gains Mexican drilling permit

By: Henry Lazenby     13th January 2018 The TSX-V-listed equity of oil and gas explorer International Frontier Resources (IFR) has gained about two-thirds this week after it announced on Thursday that it has received a drilling permit for its Tecolutla onshore oil and gas block, which it is developing with its Mexican joint venture... 

First Majestic to buy distressed Primero, reforms San Dimas silver stream accord

By: Henry Lazenby     12th January 2018 The dismantling of former precious metals producer Primero Mining is nearly complete with the company announcing on Friday that Mexico-focused miner First Majestic Silver will buy the distressed company for $320-million. Under terms of an arrangement agreement between the two companies, all of... 

Bacanora expands Zinnwald potential with licence for previously mined deposit

By: Mariaan Webb     10th January 2018 Lithium developer Bacanora has been granted an exploration licence of the previously mined Falkenhaim lithium deposit, in Saxony, Germany. The licence is about 5 km from Bacanora’s 50%-owned Zinnwald lithium project and has the potential to increase the life of a mine at Zinnwald, the London-... 

Zinc exploration budgets expected to outperform in 2018

By: Anine Kilian     8th January 2018 While budget allocations for most commodities are expected to increase this year as the recovery in the mining industry continues, zinc will outperform owing to the strong prices seen in 2017, the latest report from S&P’s Global Market Intelligence’s Metals & Mining team states. Prompted by the... 

Semarnat issues Great Panther with Topia Phase 2 tailings permit

By: Henry Lazenby     19th December 2017 The Mexican environmental authority Semarnat has granted Great Panther Silver all the permits required to build and operate the new Phase II tailings storage facility (TSF) at its Topia mine, in Durango state, Mexico. The Vancouver-based company said on Monday that the permits, in combination... 

Bacanora signs deal to develop Sonora project

By: Megan van Wyngaardt     15th December 2017 Dual-listed lithium miner Bacanora Minerals and Chinese institutional fund management group NextView Capital have signed an agreement which would see the latter acquire a 19.89% equity interest in Bacanora through the placement of 32.97-million common shares at a price of 94.53p apiece. The... 

Sonora feasibility study places Bacanora among the world’s top lithium suppliers

By: Samantha Herbst     13th December 2017 Aim- and TSX-V-listed Bacanora Minerals’ Sonora lithium project, located in Mexico’s northern Sonora state, has the potential to become a significant supplier of battery-grade lithium to growing industries like electric vehicles (EVs) and energy storage, according to Bacanora CEO Peter Secker.... 

Macron's climate summit draws pledges to make coal a risky bet

By: Bloomberg     13th December 2017 Some of the world’s biggest investors turned their backs on US President Donald Trump’s plan to revive the coal industry, pledging to divest from fossil fuels at a conference organised by French President Emmanuel Macron. The One Planet Summit in Paris was designed to galvanise support for the... 

Minera Alamos uncovers new gold system at La Fortuna

By: Henry Lazenby     8th December 2017 A compilation of historic information for the extended Minera Alamos project area has found evidence for significant near surface disseminated gold/silver mineralization with “heap leach style” intervals of up to 50 m in width, TSX-V-listed Minera Alamos reported on Thursday. 

Lithium giant SQM eyes new project to tackle electric-car boom

By: Bloomberg     6th December 2017 One of the world’s largest lithium producers is looking to expand into a new country as prices surge to record highs amid a nascent electric-vehicle boom led by car makers such as Tesla and Mitsubishi. Soc. Quimica & Minera de Chile SA is considering opportunities to establish a foothold in a... 

Primero finalises Cerro del Gallo development project sale to Argonaut

By: Henry Lazenby     28th November 2017 Precious metals producer Primero Mining has completed the sale of its development asset, the Cerro del Gallo mine, in Guanajuato state, Mexico, to fellow Canadian miner Argonaut Gold. Under terms of the transaction, Toronto-headquartered Primero pocketed $15-million in cash, which it advised on... 

Santacruz restarts Veta Grande mill

By: Henry Lazenby     23rd November 2017 TSX-V-listed Santacruz Silver Mining has restarted operations at its Veta Grande mill, located in Zacatecas state, Mexico. The mill had been standing idle since November 3, when the Mexican Environmental Protection Agency halted operations until certain licencing documentation related to the... 

Torex sets El Limon Guajes record straight as rival unions clash

By: Henry Lazenby     22nd November 2017 Canadian gold producer Torex Gold Resources has issued a press release criticising a labour union and the media for spreading misinformation regarding an incident over the weekend where two people were killed near its El Limon Guajes (ELG) mine, in Mexico. The Toronto-based company said that an... 

Union urges Canadian government to stand up for Mexican mineworkers’ rights

By: Anine Kilian     21st November 2017 The murders of two striking mineworkers at a Canadian-owned mine in Mexico last week underscores the widespread repression of basic labour rights in Mexico – even when the employer is Canadian, according to the trade union United Steelworkers (USW). The USW was referring to an armed group who, on... 

Operations at Santacruz’s Veta Grande Mill temporarily suspended

By: Samantha Herbst     20th November 2017 The Mexican Environmental Protection Agency (Profepa) has issued a notice temporarily suspending operations at TSX-V-listed Santacruz Silver Mining’s Veta Grande Mill until appropriate documentation has been filed with regulatory bodies confirming that Santacruz’s Mexican operating subsidiary,... 

Consolidated Zinc rethinks strategy for Mexican project

By: Esmarie Swanepoel     14th November 2017 ASX-listed Consolidated Zinc has revealed plans to more than double planned production at its Plomosas zinc mine, in Mexico, following increasingly positive exploration results. Rather than starting small-scale mining as an initial step in 2018, Consolidated Zinc said on Tuesday that it was... 

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