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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... 

High-grade, low-cost silver options set Americas Silver up for growth

By: Henry Lazenby     4th April 2018 Diversified miner Americas Silver is being cautious not to add too much silver to its zinc and lead production profile at a time when prices for the precious metal languish between the $16/oz to $20/oz level. “We are being very disciplined to not add too much new silver production to our... 

Canada to target smuggling of steel intended to dodge US tariffs

By: Reuters     28th March 2018 Canada will act to prevent the smuggling of cheap steel and aluminum into the North American market to avoid new US tariffs on the metals, Prime Minister Justin Trudeau said on Tuesday. Trudeau said this month he was aware of concerns that countries facing the tariffs could try to ship supplies... 

No major change in Mexico oil output expected before 2025 – official

By: Reuters     28th March 2018 Mexico's government does not expect a 'significant' change in oil production before 2025, deputy energy minister Aldo Flores said on Tuesday. Mexico, which produces around 1.9-million barrels per day of crude, has been pushing back the date by when it expects to reverse a slide in output. Crude... 

Australia ‘ill prepared’ for US tax reforms – tax specialist

By: Esmarie Swanepoel     26th March 2018 A new report by the Minerals Council of Australia (MCA) has warned that Australia could struggle to compete for investments as the US employs tax reforms. International tax specialist Dr Jack Mintz believes that Australia is “ill prepared” to deal with the global implications of the US... 

Mexican federal court approves Odyssey’s offshore sulphate mining permit; others to benefit

By: Henry Lazenby     24th March 2018 The Mexican Superior Court issued a unanimous ruling this week in favour of Nasdaq-listed Odyssey Marine Exploration’s subsidiary Exploraciones Oceánicas (ExO), which overturned a previous denial of ExO’s environmental permit application to extract phosphate sand at its Don Diego project, in the... 

Trump temporarily excludes EU, six other allies from steel tariffs

By: Reuters     23rd March 2018 US President Donald Trump has temporarily excluded six countries, including Canada and Mexico, and European Union states from higher US import duties on steel and aluminum meant to come into effect on Friday. In a Presidential proclamation published late on Thursday, Trump said he would suspend... 

Excellon swings back into black on dry mining conditions

By: Henry Lazenby     23rd March 2018 Mexico’s highest-grade silver producer, Excellon Resources, has reported its first quarterly headline profit since the second quarter of 2016, thanks to optimisation efforts to effectively dewater the flagship Platosa mine. The Platosa deposit comprises several high-grade massive sulphide mantos... 

BHP sees limited impact on steel market from US new tariffs

By: Reuters     22nd March 2018 Global miner BHP anticipates planned new US steel import tariffs will have a limited impact on both the steel market and the firm, and doesn't foresee a chain reaction from other countries, a senior official said on Thursday. "I think direct impact on steel is quite marginal because the United... 

Canada's PM optimistic on NAFTA as deal on autos appears closer

By: Reuters     21st March 2018 Prime Minister Justin Trudeau said on Wednesday he remained optimistic Canada would get a good deal at the NAFTA modernisation talks amid signs negotiators could be closer to settling one of the trade pact's most contentious issues. Officials are due to meet next month for the eighth round of... 

G20 sees need for 'dialogue,' fails to diffuse trade war threat

By: Reuters     21st March 2018 The world's financial leaders rejected protectionism on Tuesday and urged "further dialogue" on trade, but failed to diffuse the threat of a trade war days before US metals tariffs take effect and Washington is to announce measures against China. Finance ministers and central bankers of the... 

Alio to lift output 65% this year through Rye Patch Gold buy priced at C$128m

By: Henry Lazenby     19th March 2018 The TSX-V-listed equity of Rye Patch Gold jumped more than 11% on Monday following a joint announcement with junior explorer Alio Gold that the companies have agreed to execute a plan of arrangement through which Alio will acquire Rye Patch. Vancouver-based Alio, which is operating the San... 

Canada's Trudeau tells metal workers: 'We have your backs'

By: Reuters     13th March 2018 Canadian Prime Minister Justin Trudeau promised aluminium and steelworkers on Monday he would defend them against possible US tariffs and called US President Donald Trump to stress that "mutually beneficial" cross-border supply chains should be preserved. Trump said last week he would impose... 

Australian Minerals Council backs TPP

By: Esmarie Swanepoel     12th March 2018 The Minerals Council of Australia (MCA) has again lobbied for the Trans-Pacific Partnership (TPP), joining nine other national industry groups in issuing a policy brief setting out the reasons Australia should support the regional trade agreement. The TPP, which was signed by Trade Ministers... 

Leagold’s Los Filos delivers Q4 production of 53 446 oz

By: Nadine James     9th March 2018 TSX-listed Leagold Mining’s Los Filos mine, in Mexico, produced 53 446 oz of gold at an all-in sustaining cost (AISC) of $910/oz in the fourth quarter of 2017.  The company bought the mine from Goldcorp in April 2017. 

Canada hails tariffs exemption, says to keep lobbying Washington

By: Reuters     9th March 2018 Canada on Thursday hailed the news it would not immediately be subject to US tariffs on steel and aluminum while promising to continue lobbying Washington until the threat of duties had disappeared. President Donald Trump announced the imposition of 25% tariffs on steel imports and 10% for... 

Australia hopeful of US tariff exemptions

By: Reuters     9th March 2018 Australian Prime Minister Malcolm Turnbull said on Friday he is hopeful of securing an exemption from U.S. tariffs on steel and aluminium after sustained lobby effort by his government. US President Donald Trump on Thursday imposed a 25% tariff on steel imports and 10% for aluminium on Thursday. 

REMEMBERING THE DEAD:

By: Martin Creamer     9th March 2018 Mock coffins, symbolising the 65 miners that died in an explosion at Grupo Mexico's Pasta de Conchos coal mine, are displayed at the Angel of the Independence monument during a protest in Mexico City to mark the 12th anniversary of the disaster, which occurred in the early hours of the morning in... 

Trump says trade wars 'aren't so bad' in answer to Europe threat

By: Bloomberg     7th March 2018 President Donald Trump reiterated his commitment to slapping tariffs on steel and aluminum, dismissing concerns about a global trade war and saying the US has suffered from poor trading conditions with other nations, including those in the European Union. Just hours later, White House economic... 

Pushback on Trump tariffs gathers steam, Mexico rejects bid to split NAFTA

By: Reuters     6th March 2018 Republican lawmakers stepped up calls for President Donald Trump to pull back from proposed tariffs on steel and aluminium imports as key trading partner Mexico rejected a bid by Washington to drive a wedge between it and Canada in talks to renegotiate the North American Free Trade Agreement.... 

WTO chief urges States to stop first dominoes of trade war

By: Reuters     6th March 2018 The head of the World Trade Organization (WTO) told member states on Monday they must prevent "the fall of the first dominoes" in a trade war and warned of a real risk of triggering an escalation of global trade barriers and a deep recession. World trade policy is in turmoil because of US... 

Trump ratchets up pressure on Canada, Mexico over trade

By: Reuters     5th March 2018 US President Donald Trump increased pressure on Canada and Mexico over trade on Monday, saying the two could avoid being caught in his planned hefty tariffs on steel and aluminium imports if they ceded ground to Washington in talks on a new NAFTA trade deal. Trump also said, after a weekend of... 

Africa attracts 14% of world's 2017 exploration budget - S&P's

By: Megan van Wyngaardt     5th March 2018 Africa attracted 14% of the $8.4-billion budgeted for exploration for nonferrous metals globally in 2017, Standard & Poor's (S&P's) 'Global World Exploration Trends' report highlights. Exploration in Africa was focused mainly on the Democratic Republic of Congo (DRC), Burkina Faso, Tanzania and... 

'Don't react': trade experts look past Trump noise at NAFTA talks

By: Reuters     4th March 2018 Donald Trump may be president of the US but his words do not necessarily carry the weight of the US government at the biggest trade shake-up he is pushing. Sometimes, it is better to block them out and carry on, participants say. Negotiations between the US, Canada and Mexico to redraw the North... 

Bacanora eyes midyear construction start at Sonora

By: Megan van Wyngaardt     2nd March 2018 Dual-listed lithium exploration and development company Bacanora Minerals on Friday said it was keen to start the construction of a 35 000 t/y mine and processing plant at its Sonora project, in Mexico, in the first half of this year, with a view to achieving first production in the first quarter... 

Azure exploration returns strong zinc, lead anomolies

By: Megan van Wyngaardt     2nd March 2018 ASX-listed Azure Minerals' regional exploration programme over the western half of the Oposura project area, near Hermosillo, Mexico, has identified areas of strong zinc and lead anomalism and high-grade gold, silver and base metals mineralisation on the Mina Blanca Ranch prospect. The company is... 

Europe's firm response to stop short of trade war with Trump

By: Reuters     2nd March 2018 The firm response Europe has pledged to planned US tariffs on steel and aluminium imports is likely to stop short of triggering the trade war that open market supporters fear. US President Donald Trump said on Thursday the United States would apply duties of 25% on imported steel and 10% on... 

Trump says US to impose steep tariffs on steel, aluminium imports

By: Reuters     2nd March 2018 US President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminium to protect US producers, risking retaliation from major trade partners like China, Europe and neighbouring Canada as well as helping to trigger a large selloff on Wall Street. Trump said... 

Precious metals miner Fresnillo's 2017 profit rises on silver output

By: Reuters     27th February 2018 Precious metals miner Fresnillo on Tuesday posted a 3.2% rise in annual profit, helped mainly by a record silver production. Silver production rose 16.6% to 58.7-million ounces in the year ended December 31, as the first phase of San Julian silver and gold mine in Mexico operated at full... 

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