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Fertoz buys stockpiled ore in Montana

By: Esmarie Iannucci     10th October 2018 ASX-listed Fertoz has inked a marketing agreement over 100 000 t of additional phosphate ore resource close to its operations in Montana. Fertoz said on Wednesday that the stockpiled material provided sufficient supply to meet the company’s sales target of between 30 000 t and 50 000 t of... 

International investment in South Africa’s mining industry lagging

By: Marleny Arnoldi     4th October 2018 Although international mining funds are choosing to invest in other jurisdictions, rather than in South Africa’s mining sector, there is still hope for the local mining sector, Anglo American nonexecutive director and Joburg Indaba international investment panel chair Jim Rutherford said on... 

Randgold's hook-up with Barrick to leave large void in London market

By: Reuters     2nd October 2018 A tie-up between Randgold Resources and Barrick Gold will leave a void in the London market for investors seeking exposure to gold via companies that produce the precious metal. Canada's Barrick Gold has agreed to buy Africa-focused Randgold for $6.5-billion to create the world's largest gold... 

Stibnite permitting schedule updated

By: Mariaan Webb     2nd October 2018 The date for the final record of decision (RoD) for the Stibnite gold project, in central Idaho, has been pushed out by two months to May 2020, explorer and developer Midas Gold reported on Monday, citing an updated schedule from the United States Forest Service (USFS). The USFS, in cooperation... 

Northern Star completes Pogo buy

By: Esmarie Iannucci     1st October 2018 Gold miner Northern Star Resources has completed its $260-million acquisition of the Pogo gold project, in Alaska, from Sumitomo Metal Mining company. Northern Star will receive the full financial benefit of Pogo from July this year, and as a result, the company’s full-year guidance has been... 

Energy Fuels to start vanadium production in November

By: Marleny Arnoldi     28th September 2018 NYSE- and TSX-listed Energy Fuels expects to resume vanadium production at its White Mesa mill, in Utah, in mid-November, with saleable vanadium oxide ready by the end of December. When production starts, Energy Fuels will be the newest vanadium producer worldwide and the only primary producer... 

Barrick's Bristow bet seen as boosting South America revival

By: Bloomberg     28th September 2018 Mark Bristow built a reputation as the developer and operator of lucrative mines in Africa. Now the world’s biggest gold mining company is betting he can do the same in another complex region, South America. The Randgold Resources founder is set to become CEO of Barrick Gold after Barrick said... 

Barrick silences its biggest critic by buying out Randgold

By: Bloomberg     24th September 2018 For more than two decades, Mark Bristow has been a thorn in the side of Barrick Gold. Now he’s its closest partner. The 59-year-old South African will take the role of chief executive officer at Barrick after the Canadian company inked a $5.4-billion deal to buy out Randgold Resources. It’s a... 

DRA to conduct feasibility study for Guinea graphite project

By: Schalk Burger     19th September 2018 Engineering services multinational DRA has been appointed to conduct the feasibility study for Canada-based Guinea-focused mining company SRG’s Lola graphite project, in Guinea. DRA said in a statement on Wednesday that the project will be executed through the DRA Met-Chem office, in Montreal,... 

Positive PEA results for Nevada lithium project

By: Tasneem Bulbulia     6th September 2018 TSX-V-listed Cypress Development has announced positive results from a preliminary economic assessment (PEA) of the company’s Clayton Valley lithium project in Nevada, US. Prepared by Colorado-based engineering services firm Global Resource Engineering, the PEA focuses on a mine producing an... 

Northern Star buys 300 000 oz/y Alaska gold mine

By: Esmarie Iannucci     30th August 2018 Gold miner Northern Star Resources will spend $260-million to acquire the 4.1-million ounce Pogo underground gold mine, in Alaska. The ASX-listed company on Thursday told shareholders that the acquisition will be funded from existing cash and a fully underwritten A$175-million placement to... 

X-ray technology enabling real-time analysis of gold ore samples Down Under

By: Esmarie Iannucci     24th August 2018 Australian gold explorers have been given the world-first option to access x-ray technology to detect and analyse unseen gold, cutting turnaround times significantly. The photon assay technology was developed by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) over a... 

X-ray technology enabling real-time analysis of gold ore samples Down Under

By: Esmarie Iannucci     24th August 2018 Australian gold explorers have been given the world-first option to access x-ray technology to detect and analyse unseen gold, cutting turnaround times significantly. The photon assay technology was developed by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) over a... 

Global copper mine production up 5.7% in first five months of 2018 – ICSG

By: Marleny Arnoldi     21st August 2018 The International Copper Study Group (ICSG) says global mine production of copper in the first five months of this year increased by 5.7% year-on-year to about 450 000 t, while concentrate production increased by 5.5% year-on-year and solvent extraction and electrowinning (SX-EW) increased by 6%... 

Nutrien steers potash recovery as BHP waits in the wings

By: Reuters     20th August 2018 Canada's Nutrien, the world's biggest potash miner by capacity, has helped engineer a surprising price rebound for the fertilizer by idling capacity. Now the trick will be keeping prices from appreciating too much to ensure a major would-be competitor, BHP Billiton, stays on the sidelines. 

Sweden's Granges halts plans for US aluminium joint venture

By: Reuters     17th August 2018 Sweden's Granges put on ice on Friday plans to form an aluminium manufacturing joint venture in the United States with Japan's Mitsubishi Aluminum Co, saying that the project was less attractive in "current circumstances". It did not specify what circumstances it was referring to though a Granges... 

Fibre optics punted for pipeline monitoring amid major spills in mining and other sectors

By: Nadine James     10th August 2018 Fibre optics were invented to carry huge amounts of voice data over long distances very efficiently, but advancements in optical technology have enabled the use of specialised fibre optic cables as sensors with the ability to measure parameters such as acoustic energy, temperature, strain, and... 

Australia remains competitive in drillhole technology use

By: Donald Makhafola     10th August 2018 Australia is often regarded as the battleground for new technologies, and is well recognised as an early adopter, says Australia-based supplier of drill-hole navigation and measurement equipment Axis Mining Technology director Paul Wilkie. “Following the post-boom gloom, we are now seeing... 

Fibre optics punted for pipeline monitoring amid major spills in mining and other sectors

By: Nadine James     10th August 2018 Fibre optics were invented to carry huge amounts of voice data over long distances very efficiently, but advancements in optical technology have enabled the use of specialised fibre optic cables as sensors with the ability to measure parameters such as acoustic energy, temperature, strain, and... 

Global gold-backed ETF holdings fall significantly in July

By: Nadine James     7th August 2018 Holdings in global gold-backed exchange-traded funds(ETFs) and similar products fell by 39 t to 2 394 t in July, the World Gold Council (WGC) reported on Tuesday. This has pushed assets under management (AUM) in down to $94-billion from $98-billion in June. 

When modularity matters

By: Creamer Media Reporter      2nd August 2018 Texas-based sand and gravel company relocates its CDE wet processing plant to new site to optimise return on investment. Texas-based Metroplex Sand & Gravel   company has been enjoying the benefits of the CDE modular approach to wet processing equipment. The company has recently exercised the... 

Lack of investment stymies SA coal producers

By: Nadine James     27th July 2018 A lack of investment is hindering the South African coal industry’s ability to capitalise on a period of relatively stable demand for thermal and metallurgical coal locally and abroad, says XMP Consulting senior coal analyst Xavier Prevost. The local coal industry is experiencing a challenging... 

Lack of investment stymies SA coal producers

By: Nadine James     27th July 2018 A lack of investment is hindering the South African coal industry’s ability to capitalise on a period of relatively stable demand for thermal and metallurgical coal locally and abroad, says XMP Consulting senior coal analyst Xavier Prevost. The local coal industry is experiencing a challenging... 

Newmont buys 50% of large Canada copper/gold project, forges partnership with Teck

By: Mariaan Webb     26th July 2018 Gold major Newmont on Thursday announced that it would pay $275-million for a 50% interest in the Galore Creek project, which with resources of eight-million ounces of gold and nine-billion pounds of copper is one of the world’s largest undeveloped projects of its kind. Newmont is buying half of... 

Freeport remains positive about copper despite trade tensions

By: Mariaan Webb     25th July 2018 US-based Freeport-McMoRan remains positive on the outlook for copper, despite the recent decline in prices associated with international trade developments, CEO Richard Adkerson affirmed on Wednesday. Copper has been caught up on the trade war rhetoric between the US and China, while at the same... 

Kenmare Q2 production in line with expectations, reduces debt

By: Simone Liedtke     17th July 2018 LSE-listed mineral sands producer Kenmare Resources produced 377 900 t of heavy mineral concentrate (HMC) in the second quarter ended June 30, a 5% increase on the 359 200 t produced in the first quarter of the year, in line with expectations. Ilmenite production for the second quarter was 238... 

Coal to remain a significant energy source for decades – WCA

By: Nadine James     13th July 2018 Coal will remain a vital growth enabler and source of energy for decades to come, says World Coal Association CEO Benjamin Sporton. He notes that demand for coal will remain stable to positive, as a result of increased industrialisation and electrification, especially in Africa and South-East Asia. 

Bluejay's Dundas may be attractive to Rio Tinto – analysts

By: Mariaan Webb     12th July 2018 The closure of Rio Tinto's South African subsidiary Richards Bay Minerals (RBM) as a result of violent protests this week, may play into the hand of London- and Frankfurt-listed Bluejay Mining, which is developing the Dundas ilmenite project, in Greenland. The project is said to be the... 

Shell ramps up in Kitimat, raising Canada’s C$40bn LNG hopes

By: Bloomberg     9th July 2018 A flurry of activity in a remote Canadian town is raising optimism that Royal Dutch Shell and its partners are ready to go ahead with the nation’s largest infrastructure project: a C$40-billion liquefied natural gas terminal that could at last unlock energy exports to Asia. The action is... 

ROD for Midas Gold’s Idaho project expected in March 2020 

By: Mariaan Webb     4th July 2018 The United States Forest Service (USFS) has updated the anticipated permitting schedule for the Stibnite gold project, in central Idaho, pencilling in a final record of decision (ROD) date for March 2020, TSX-listed Midas Gold reported on Tuesday. A draft environmental impact statement (EIS) for... 

Bluebird to acquire another Australian cobalt project

By: Anine Kilian     12th June 2018 TSX-listed Bluebird Battery Metals has entered into a binding letter of intent to acquire 100% of the rights, title and interest in the granted exploration licences of the Ashburton cobalt project, in Western Australia.   “A key reason we selected the Ashburton project, other than the style and... 

No let up on calls for flow-through model to boost exploration

By: Martin Creamer     7th June 2018 The failure to raise risk capital for greenfields exploration in South Africa was highlighted at this week’s Junior Indaba, where there was no let up on calls for the adoption of a proven Canada-type flow-through share scheme, and ongoing criticism of the unintended consequences of South Africa’s... 

Cruz to acquire base metals projects in Norway

By: Creamer Media Reporter      4th June 2018 TSX-V-listed Cruz Cobalt has signed a letter of intent with EMX Royalty and Fennoscandian Investment Group to acquire two cobalt/nickel/copper projects in Norway. “We are pleased to have the opportunity to acquire these projects. The properties are 

Altus Strategies lists on TSX-V, retains Aim-listing

By: Simone Liedtke     4th June 2018 Exploration project generator Altus Strategies is now dually listed on the London Stock Exchange’s Aim and the TSX-Venture Exchange, with ordinary shares expected to start trading on TSX-V on June 6. As at the listing date, the company had just over 176-million shares in issue and had granted... 

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... 

Phoenix raises funds for Idaho copper mine BFS

By: Creamer Media Reporter      29th May 2018 Aim-quoted, North American-focused Phoenix Global Mining on Tuesday announced that it would raise £3-million to further advance the historically producing Empire mine in Idaho, in the US. Phoenix would deploy the proceeds of the raising to build on the April 2018 preliminary economic assessment... 

Northern Dynasty tumbles on First Quantum’s Pebble pull-out

By: Henry Lazenby     25th May 2018 The TSX-traded stocks of base metals producer First Quantum Minerals and Northern Dynasty Minerals tumbled on Friday following an overnight joint announcement that the companies have terminated a 2017 framework accord that envisioned the partners closing an option and partnership transaction to... 

Nemaska Lithium secures funding for mine with C$400m equity raise

By: Reuters     23rd May 2018 Canada's Nemaska Lithium said on Tuesday it had secured funding of up to C$402-million ($314-million) from investors, which it plans to use to build a mine and processing plant to produce lithium, the key ingredient for rechargeable batteries. This brings to more than C$1.1-billion the amount of... 

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