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BMI index shows policy determines market attractiveness in Latin America

By: Henry Lazenby     20th July 2017 With policy being of the utmost importance when determining market attractiveness, countries with reliably stable  business environments will continue to dominate the top mining risk/reward index scores in the Americas, reflecting miners' prioritisation of reducing risk, given a volatile mineral... 

Rest of Africa accounts for 50% of optimistic OEMs’ workload

     14th July 2017 South African process equipment supplier MIP Process MD Phillip Hoff is positive that 2017 will be a good year for the original-equipment manufacturer (OEM). “Our pricing and [the level of] quality mean we are still highly competitive, compared with Asian and Chinese manufacturers.” 

Explorer Orla adds oxide ore project to portfolio

By: Henry Lazenby     22nd June 2017 Vancouver-based major Goldcorp has agreed to sell its Camino Rojo project, in Zacatecas, Mexico, to fellow Vancouver-based junior explorer Orla Mining, adding an advanced oxide heap leach project with significant gold reserves and resources in a favourable mining jurisdiction to Orla’s portfolio.... 

$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... 

2017 important for industry growth in Nigeria

By: Johane Turkstra     14th April 2017 With the introduction of the Nigerian mining-growth roadmap, 2017 will be an important year for sector development and industry growth in the country, and Mining Investment Africa endeavours to be part of this engine of growth, says event organiser Spire Events MD Daniel Radziszewski. The... 

Slag use in building system offers multiple benefits

     31st March 2017 Alternative construction system company Moladi has developed a means of incorporating mine slag into its Moladi mix, offering mining companies a viable method for recycling their waste material and reduced construction costs when developing mine-site accommodation. Moladi founder and CEO Hennie... 

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... 

Growth in copper supply to slow through 2020 – ICSG

By: Henry Lazenby     24th February 2017 Global copper mine production growth is expected to slow to 2.5% a year through 2020, down from an average growth rate of almost 4% a year in the last five years, the International Copper Study Group (ICSG) said on Thursday. The Lisbon, Portugal-based think tank cited continued delays in project... 

First Quantum sets new quarterly records for production, sales

By: David Oliveira     12th August 2016 Canadian base metals producer First Quantum Minerals (FQM) set a new quarterly record for copper production and sales of 131 349 t and 132 030 t, respectively, in the three months to June 30, surpassing previous records set in the first quarter of this year. The company’s Sentinel copper mine, in... 

First Quantum sets new quarterly records for production, sales

By: David Oliveira     29th July 2016 Canadian base metals producer First Quantum Minerals (FQM) set a new quarterly record for copper production and sales of 131 349 t and 132 030 t, respectively, in the three months to June 30, surpassing previous records set in the first quarter of this year. The company’s Sentinel copper mine, in... 

Dover Systems announces more major International orders.

     18th July 2016 South African Psychometric Testing Program – The Dover Test –Latest export orders to Guinea Bauxite, West Africa and Panama Gold, has expanded its positive degree of international success. The Dover Test (www.doversystems.co.za) with has been an industry standard for the past 30 years.  Expansion... 

Copper’s $149bn mine pipeline stalls as deficit nears

By: Bloomberg     7th July 2016 The $149-billion pipeline to expand the world’s copper supply is running into trouble. Producers are counting on expansions and the development of new operations to meet supply shortages they forecast arriving toward the end of the decade. The plans are fraying as reluctant lenders, political... 

Bellhaven stock rises 20% on closing oversubscribed offering

By: Henry Lazenby     25th June 2016 Panama and Colombia-focused explorer Bellhaven Copper & Gold’s shares listed on the TSX-V jumped 20% on Friday after the company announced that its nonbrokered private placement offering of C$500 000, which was later increased to $620 000, owing to better-than-expected investor demand, had... 

Transparency equals bankability, World Diamond Congress hears

By: Martin Creamer     19th May 2016 The large number of bad-debt bankruptcies in the diamond industry in recent years was aired on the second day of the 37th World Diamond Congress in Dubai, where much emphasis was again placed on the critical need for financial transparency. De Beers commercial development head Howard Davies drew... 

Miners adapting to more austere fundamental backdrop – report

By: Henry Lazenby     17th May 2016 Mining companies, in general, are adapting to a more austere fundamental backdrop, despite a recent announcement in Chinese media that the country would be removing stimulus and reprioritising reforms, which caused significant apprehension during Bank of America Merrill Lynch’s (BofAML’s) recent... 

Urgent probe for Zimplats after Panama Papers leak

By: News24Wire      6th April 2016 Impala Platinum and government officials in Zimbabwe will probe the alleged involvement of the company's Zimplats unit after leaked papers showed it used an offshore company to pay salaries of management in Zimbabwe. Fin24 reported on Monday that Zimplats had been implicated in the Panama Papers.... 

Call for action against Khulubuse Zuma after he is named in Panama Papers

By: African News Agency      4th April 2016 Solidarity on Monday called on liquidators of the failed mining company Aurora to investigate Khulubuse Zuma after his name was mentioned in the Panama Papers, an unprecedented leak of 11.5-million files from the database of Mossack Fonseca, a law firm specialising in offshore business. Zuma,... 

Solutions for energy efficient, productive mining showcased

By: Kimberley Smuts     4th March 2016 To further expand its mining and industrial solutions, global technologies and services supplier Bosch is now increasingly targeting markets in Africa and Oceania. “With positive economic development underpinned by a wealth of raw materials and an increasingly well-educated workforce and growing... 

First Quantum rings the alarm bell

By: Henry Lazenby     20th February 2016 Base metals miner First Quantum Minerals on Thursday night rang the alarm bell that it might be at risk of breaching certain debt financing covenants this year, placing the company’s ability to continue operating as a going concern in jeopardy. The Vancouver-based company had been dealing with a... 

Diamante strikes royalty deal to restart Molejon ops

By: Henry Lazenby     4th February 2016 US minerals explorer Diamante Minerals has concluded negotiations with Molejon mine owner Petaquilla Gold for royalties on gold produced at the Panama-based mine. The explorer agreed to a 12.5% royalty for 12 months on 1 000 a month, and a further 5% royalty on every ounce produced above that... 

Sentinel development on track, as First Quantum takes steps to maintain financial stability

     6th October 2015 A stabilising electricity supply situation in Zambia is leaving dual-listed First Quantum Minerals hopeful that its Sentinel project will ramp up to commercial production by the end of this year. The project’s ramp-up had been affected by the limited power supply available in the country, as... 

Omnia appoints new explosives division MD

By: Sashnee Moodley     18th September 2015 JSE-listed chemicals group Omnia has appointed Joseph Keenan the new MD of its explosives division, Bulk Mining Explosives. Group CEO Rod Humphris said in a statement to shareholders on Friday that Keenan was an accomplished international executive with more than 20 years of global experience in... 

Water solutions company to expand mining range

By: Nadine James     11th September 2015 Water technology provider Xylem is adding high-pressure boosting pumps to its mining industry range.  The pumps are designed for high-head boosting applications in water and grey water and can be used in process circuit cooling and other high-pressure applications, says Xylem Americas business... 

On back of strong 2014, First Quantum disappoints with 2015 outlook

By: Henry Lazenby     27th January 2015 Base metals miner First Quantum Minerals late on Monday reported record copper output during 2014, noting that the current year would see its Zambia operations benefit from increased synergies as its new smelter was being commissioned and its new Sentinel mine started first production during the... 

Metso’s huge MP2500 cone crusher to start operating at Zambia mine in the new year

By: Chantelle Kotze     14th November 2014 Diversified engineering group Metso's first MP2500 cone crusher will be operational at base metals miner First Quantum Minerals' (FQM) Sentinel mine, in Zambia, early next year. 

First Quantum stocks drop on news of strike impact

By: Henry Lazenby     30th September 2014 The TSX-listed stock of base metals miner First Quantum Minerals on Tuesday fell by as much as C$0.51 a share after the company revealed that a strike at its Guelb Moghrein copper/gold mine, in Mauritania, had negatively impacted on the operation’s expected output by about 2 800 t of copper and 3... 

First Quantum Minerals temporarily halts work at Cobre Panama

By: Henry Lazenby     27th June 2014 Base metals miner First Quantum Minerals reported late on Thursday that it had temporarily halted construction activity at its $6.5-billion Cobre Panama copper mine owing to an illegal work stoppage by some members of its construction workforce. The illegal stoppage was related to implementing a... 

First Quantum to buy Lumina Copper for about C$470m

By: Henry Lazenby     17th June 2014 Canadian base metals miner First Quantum on Tuesday announced that it would buy copper explorer Lumina Copper for about C$470-million in a cash and scrip deal that would give it control of the Taca Taca copper/gold/molybdenum project, in Argentina. The proposed transaction to buy Lumina is... 

Petaquilla lifts burden off assets and production profile

By: Henry Lazenby     27th May 2014 Gold miner Petaquilla Minerals has completed an early payout of the existing gold and silver prepayment agreements, as well as a convertible loan previously negotiated with Deutsche Bank, which as a result fully released all existing encumbrances on the company's assets. Vancouver-based... 

Petaquilla positioned for production growth

By: Henry Lazenby     12th May 2014 Gold miner Petaquilla Minerals on Monday said that an agreement to completely separate its Molejon gold mine from base metals miner First Quantum Minerals’ Cobre Panama copper/gold mine, located in Panama, would recapitalise and reposition it to pursue new growth opportunities. Vancouver-based... 

First Quantum and Petaquilla ink $60m accord to separate Panama projects

By: Henry Lazenby     8th May 2014 Gold miner Petaquilla Minerals and base metals miner First Quantum Minerals on Thursday struck an accord that would see Petaquilla receive $60-million for transferring a range of assets and property rights. The agreement was aimed at completely separating First Quantum subsidiary Minera Panama’s... 

Petaquilla and First Quantum ironing out Cobre Panama commitments 

By: Henry Lazenby     31st March 2014 TSX-listed Petaquilla Minerals on Monday said that it was in discussion with base metals miner First Quantum Minerals regarding the relationship between the two companies with neighbouring projects in Panama, to ensure the development of the $6.425-billion Cobre Panama copper project was... 

Hudbay’s hostile bid for Augusta Resources 'failing' – Augusta

By: Henry Lazenby     17th March 2014 After base metals miner Hudbay Minerals on Friday extended the deadline of its hostile bid for copper project developer Augusta Resources, and removed the minimum tender requirement that at least two-thirds of shares be tendered, Augusta on Monday hit back, saying it was “an ill-considered... 

Nicaragua an attractive mining destination, says ‘open for business’

By: Henry Lazenby     11th March 2014 While several regions in the Central American isthmus might be perceived as being “closed” for mining investment, the largest country in the region, Nicaragua, is “open for business”, the country’s general director for mining at the Energy and Mines Ministry (MEM), Carlos Zarruk, recently told... 

First Quantum increases scope of Cobre Panama, delays start-up

By: Henry Lazenby     28th January 2014 Vancouver-based base metals miner First Quantum Minerals on Tuesday announced that it planned to lift the copper production capacity at its flagship Cobre Panama project, in Panama, by 20%; however, it would cost more to build and the start-up would be delayed. First Quantum, in March last year,... 

First Quantum to upgrade smelter as Zambian smelting capacity dwindles

By: Henry Lazenby     10th December 2013 Canadian base metals producer First Quantum Minerals on Tuesday said it had decided to design and build an expansion to the 1.2-million-tonnes-a-year copper smelter and to defer completing the Kansanshi sulphide expansion until 2017, when the smelter expansion was expected to be complete. The... 

Panama economic activity strengthens in September

By: Reuters     27th November 2013 Panama's economy accelerated in September, as strength in the mining and construction sectors made up for slow traffic through the Central American nation's trademark canal and ports. Economic activity rose 8.15% in September compared to the same month last year, the government statistics agency... 

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