http://www.miningweekly.com
R/€ = 15.97 Change: -0.12
R/$ = 13.33 Change: -0.04
Au 1308.60 $/oz Change: 1.85
Pt 953.00 $/oz Change: -6.00
 

Topic

Pennsylvania permitting delay prompts Consol to change Bailey mine plan

By: Henry Lazenby     19th September 2017 A delay by the Pennsylvania Department of Environmental Protection (DEP) in evaluating the approval of the Bailey mine permit for the 4L panel has pressed Consol Energy to move the longwall to another panel to resume operations. The company expects the longwall move to last about four weeks and... 

Teck ups Red Dog guidance; outlines significant exploration target for Aktigiruq

By: Henry Lazenby     19th September 2017 Canada’s largest diversified miner Teck Resources has added about 50 000 t of zinc output to the full-year guidance for its Red Dog mine, in Alaska. Vancouver-headquartered Teck advised that improving recoveries in the last few months has prompted the company to lift guidance to a range of 525... 

First Cobalt exits volatile DRC in favour of mining friendly Ontario Cobalt Camp

By: Henry Lazenby     19th September 2017 TSX-V-listed First Cobalt will not complete a strategic alliance over seven cobalt exploration properties close to several major copper/cobalt operations in the Democratic Republic of Congo's (DRC's) Central African Copperbelt. The Toronto-headquartered company announced on Monday that it would... 

MAC adds two new factors to TSM initiative to combat child labour

By: Henry Lazenby     19th September 2017 The Mining Association of Canada (MAC) has added two new components to its Towards Sustainable Mining (TSM) initiative to help curb child and forced labour in the mining supply chain, and to provide the information needed for companies to demonstrate their responsible sourcing of minerals and... 

Mountain Province reports lowest prices yet for Gahcho Kué diamonds

By: Henry Lazenby     19th September 2017 The seventh sale of diamonds produced from Mountain Province Diamonds’ 49%-owned Gahcho Kué mine, in Canada’s Northwest Territories, saw the average price of rough stones fall to the lowest level since sales started in January. The September tender included an unusually large proportion of small... 

Deterrence, prevention critical for miners in fight against fraud

By: Henry Lazenby     18th September 2017 Fraud is a significant burden on the mining industry and is likely to cost companies an average of 5.85% of turnover every year. Therefore, catching it before it happens is often the best weapon to combat this scourge. This figure is based on 20 years of data across more than 40 sectors,... 

Kinross to proceed with Tasiast Phase 2, Round Mountain expansion projects

By: Henry Lazenby     18th September 2017 Senior Canadian miner Kinross Gold has revealed that it will spend about a $1-billion on two significant capital growth plans for the Phase 2 expansion of its Tasiast mine, in Mauritania, as well as the Phase W of the Round Mountain mine, in Nevada. “With Phase 2, Tasiast's annual production is... 

Rockwell perplexed as BRP opts to place 3 subsidiaries into liquidation, despite possible offer

By: Henry Lazenby     18th September 2017 Canadian alluvial diamond miner Rockwell Diamonds remains in the dark as to why business rescue practitioner (BRP) Metis Strategic Advisors had chosen to file a motion in the Kimberley High Court, on Thursday, to place the company's three subsidiaries back in provisional liquidation, when a... 

Sibanye-Stillwater lifts PGM grade at brownfield Stillwater mine extension

By: Henry Lazenby     15th September 2017 Recently minted Sibanye-Stillwater has successfully extended the platinum group metals (PGM) mineralisation at the Blitz project, in Montana – a brownfield extension of the existing Stillwater mine. The company announced on Friday that mineralised ore at the Blitz project had been intersected in... 

Bullish outlook for Canadian crude, natural gas provides investment opportunities

By: Henry Lazenby     15th September 2017 Two reports issued this week point to a significantly increased global appetite for fossil fuels like oil and gas, presenting an investment opportunity for energy speculators. While renewables are forecast to be the fastest-growing energy source, fossil fuels will continue to be important and... 

Greece issues more Olympias permits to Eldorado

By: Henry Lazenby     15th September 2017 Eldorado Gold’s increased pressure on the Greek government seems to be paying off, with the government issuing two more permits for the Canadian miner's Olympias project. Vancouver-based Eldorado confirmed on Friday that it had received the approval of the technical study for the old Olympias... 

Gold miners seek safety as political risks rise

By: Reuters     15th September 2017 Canadian miner Eldorado Gold's threat this week to freeze investments in Greece after years of frustrating and costly permit delays highlighted the risks the industry faces when it strays away from mining-friendly countries. After moving into higher-risk countries in recent years to mine new... 

Avalon intent to cash in on rapidly rising technology metal demand

By: Henry Lazenby     15th September 2017 A whole new world for lithium demand has aspiring technology metals firm Avalon evaluating its options to cash in on the red-hot industry, with the company patiently advancing three projects in its portfolio that will benefit from higher metals prices. Just this week, new evidence was provided... 

Eldorado receives Greek arbitration notice

By: Henry Lazenby     14th September 2017 Vancouver-headquartered Eldorado Gold said on Thursday its Greek subsidiary Hellas Gold has finally received a formal notice from the country’s Ministry of Finance and the Ministry of Environment and Energy initiating domestic arbitration. The mediation will take place under the provisions... 

Coal market boom casts bullish trajectory for Corsa as it prowls for M&A ops

By: Henry Lazenby     14th September 2017 Surprising as it may seem, coal demand is at an all-time high, with the current heydays spelling “good profits and rising margins” for several miners in this space, including US-focused Corsa Coal. The TSX-V-listed miner, which produces coal from six mines, has one development mine and operates... 

Improved fundamentals prompt Moody’s to adjust higher several commodity price sensitivity ranges

By: Henry Lazenby     14th September 2017 Improved fundamentals amid global economic growth are expected to sustain a higher pricing environment for the global base metals industry, prompting credit ratings firm Moody’s Investors Service to adjust higher the price sensitivity ranges for copper, iron-ore, and metallurgical and thermal... 

Orvana lifts 2018 guidance 25%

By: Henry Lazenby     14th September 2017 Gold and copper miner Orvana Minerals has issued its new production guidance for 2018, aiming 25% higher than that of the current year. The TSX-listed miner, which owns mines in Spain and Bolivia, advised on Wednesday that fiscal 2018 gold output is estimated between 110 000 oz to 120 000 oz, at... 

All-season road to Canadian Zinc’s Prairie Creek mine proceeds to regulatory phase

By: Henry Lazenby     14th September 2017 The Mackenzie Valley Environmental Impact Review Board has recommended approval for a proposed all-season road for Canadian Zinc's Prairie Creek mine project, in the Northwest Territories. The review board issued its ‘Report of Environmental Assessment and Reasons for Decision’ on Tuesday and... 

Inca One more than doubles y/y output for July and August

By: Henry Lazenby     13th September 2017 Small-scale Peru-focused gold processor Inca One Gold has reported a 124% year-on-year increase in gold output for the months of July and August combined, it announced on Wednesday. "July and August was another productive period for Chala One and our operations team is to be commended for solid... 

Greece issues Olympias operating, tailings installation permits to Eldorado

By: Henry Lazenby     13th September 2017 Canadian gold producer Eldorado Gold confirmed on Wednesday that it has received the Olympias operating permit and the modified electromechanical installation permit for the tailings management facility at Kokkinolakkas, from the Greek Ministry of Energy and Environment. The permits were issued... 

Canada presses Greece on 'troublesome' Eldorado Gold delays – Minister

By: Reuters     13th September 2017 Canada's Trade Minister flagged "troublesome" permit delays for Eldorado Gold in a letter to the Greek Minister of Mines and Energy earlier this year, Francois-Philippe Champagne told Reuters on Wednesday. After meeting with the company at the Toronto mining conference in March, Champagne wrote... 

Tethyan Resources gives listing, project updates

By: Anine Kilian     13th September 2017 Dual-listed Tethyan Resources’ decision to delist from the London’s Aim was based on the board’s consideration of challenging macroeconomic conditions and the additional costs that come with maintaining two listings. Speaking to Mining Weekly Online on Wednesday, COO Fabian Baker explained that... 

AME BC lauds provincial budget update

By: Creamer Media Reporter      13th September 2017 The Association for Mineral Exploration (AME) has expressed its support of the balanced 2017 budget delivered by British Columbia’s new Finance Minister Carole James. Government, through its budget and policies creates the economic climate central to attracting critical investment in important... 

First round of drilling on Sarama’s strategic Bondi asset finds shallow, oxide gold ore

By: Henry Lazenby     13th September 2017 Canadian explorer Sarama Resources' first reconnaissance aircore drilling campaign at the company's newly acquired Bondi deposit has intersected shallow, oxide gold mineralisation over broad intervals about 4 km north-east of the historic resource on the property, the company announced on... 

Tahoe’s Escobal mine licence reinstated

By: Henry Lazenby     12th September 2017 Precious metals miner Tahoe Resources has been given the go-ahead to restart its Escobal silver mine, in Guatemala. The announcement sent the company's battered TSX-listed stock soaring by a third on Monday, despite still being down nearly 40% since the start of the year on Tuesday. 

Sensitivity study lifts Dalradian’s mineable Curraghinalt ounces

By: Henry Lazenby     12th September 2017 Project developer Dalradian Resources now has 32% more mineable gold ounces at its flagship Curraghinalt project, in Northern Ireland, after its undertook a sensitivity study on two of the best veins at the project. The TSX- and Aim-listed junior used a revised resource modelling approach on the... 

PotashCorp, Agrium merger gets no-strings thumbs up from Canada’s competition bureau

By: Henry Lazenby     12th September 2017 Merging potash firms Potash Corp of Saskatchewan and Agrium Inc say they have received an unconditional approval from the Canadian Competition Bureau (CCB) for their proposed merger of equals. The transaction, billed as a “merger of equals”, which will see the creation of a new $36-billion... 

Eastmain lifts Eau Claire grade, proceeds with PEA

By: Henry Lazenby     12th September 2017 TSX-listed project developer Eastmain Resources has started a preliminary economic assessment (PEA) on the Eau Claire deposit, located on its 100%-owned Clearwater property in James Bay, Quebec. The news follows the company's release on Monday of an updated mineral resource estimate for Eau... 

NexGen secures outstanding stake in prospective Dufferin Lake property

By: Henry Lazenby     11th September 2017 Uranium explorer NexGen Energy has entered a purchase agreement with Rainmaker Resources and Eagle Trail Properties to acquire the 40% outstanding interest in its Dufferin Lake property. The Vancouver-based company and the vendors had previously entered into a mineral claim option agreement dated... 

Coeur Mining buys Denham-backed JDS Silver for up to $250m

By: Henry Lazenby     11th September 2017 Private equity firm Denham Capital has agreed to sell its 100% stake in silver producer JDS Silver to Coeur Mining – the largest US-based primary silver producer – in a transaction worth up to $250-million. The transaction will see Coeur gain access to the high-grade Silvertip silver/zinc/lead... 

Centerra, Kyrgyzstan resolve long-standing legal standoff

By: Henry Lazenby     11th September 2017 Canadian gold producer Centerra Gold and the Kyrgyzstan government have reached a wide-ranging settlement agreement that resolves a years-long legal standoff, the company announced on Monday. The agreement, first rumoured by the media on Thursday, pushed Centerra’s Toronto-listed stock up 4.2%... 

Proxy advisers ISS, Glass Lewis support Washington Companies’ $1.2bn Dominion buy

By: Henry Lazenby     9th September 2017 TSX- and NYSE-listed Dominion Diamond Corp announced late on Thursday that proxy advisory firms Institutional Shareholder Services (ISS) and Glass, Lewis & Co have both recommended that Dominion shareholders vote in favour of suitor The Washington Companies’ $1.2-billion acquisition.... 

Hudbay launches C$278.76m financing

By: Henry Lazenby     9th September 2017 Base metals miner Hudbay Minerals has signed an agreement with a syndicate of underwriters to raise up to C$278.76-million on a bought deal basis. The Toronto-based miner has agreed to issue 24-million shares at C$10.10 each, to raise C$243.4-million. 

US braces for Hurricane Irma as effects of Harvey still progress toward consumers

By: Henry Lazenby     9th September 2017 While the effects of Hurricane Harvey are still progressing downstream in the US oil and gas supply chain, progressing towards consumers, Hurricane Irma is threatening the US with another potential blow, with parts of the country already seeing a disruption of energy and chemical product... 

Improving prices prompt Fortune to aim for bigger, more economic Nico development

By: Henry Lazenby     9th September 2017 With a bird in hand, Canadian project developer Fortune Minerals is considering to up the ante for its flagship Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories. The London, Ontario-based company late last month announced that its update of the 2014 feasibility study for... 

TransCanada seeks 30-day suspension of Energy East, Eastern Mainline project applications

By: Henry Lazenby     8th September 2017 Oil and gas infrastructure company TransCanada said the viability of its Energy East pipeline and Eastern Mainline projects is in doubt after the Canadian National Energy Board (NEB) last month released a broader scope under which the environmental assessments (EAs) for the two projects will be... 

First Quantum sells another precious metals stream on Cobre Panama

By: Henry Lazenby     8th September 2017 Canadian precious metals streaming firm Franco-Nevada has added another gold/silver stream on First Quantum’s massive $5.5-billion Cobre Panama project, in Panama. First Quantum intends to use the proceeds to partially fund its acquisition of a further 10% interest in Cobre Panama from one of its... 

Creation of Nutrien delayed till year-end

By: Henry Lazenby     7th September 2017 The merger of potash and crop fertiliser majors Potash Corp of Saskatchewan and Agrium Inc is making progress on the regulatory front in all remaining jurisdictions, but at a slower-than-expected pace, pushing out the expected closure by about three months to late in the fourth quarter, the... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Close