https://www.miningweekly.com
R/€ = 16.11 Change: -0.10
R/$ = 14.38 Change: -0.12
Au 1270.70 $/oz Change: -2.91
Pt 888.47 $/oz Change: -7.41
 

Base Metals News

Red Rock raises cash to advance DRC exploration

By: Creamer Media Reporter      Updated 3 hours ago Aim-listed Red Rock Resources has raised £323 750 through the placing of 63.48-million new ordinary shares at 0.51p. "The placing ensures the company can manage its cash flow prudently while driving an increased tempo of exploration in the [Democratic Republic of the Congo (DRC)] as the scale of... 

Antofagasta copper output rises as China fears threaten demand

By: Reuters     Updated 3 hours ago Chile-focused copper miner Antofagasta posted a 22.6% jump in first-quarter copper production and maintained its full-year output outlook, despite the possibility that China may ease stimulus measures which could hurt prices. Antofagasta said on Wednesday production in the quarter was bolstered... 

Antofagasta copper output rises as China fears threaten demand
Antofagasta CEO Iván Arriagada

Teck starts 'quiet dialogue' on selling some copper projects

By: Bloomberg     Updated 5 hours ago Teck Resources, focusing on its massive expansion of the Quebrada Blanca mine in Chile, expects to sell some or all of its stakes in two smaller Latin American copper projects by next year, CEO Don Lindsay says. The Zafranal and San Nicolas projects could be sold by early 2020, Lindsay said... 

Global Witness welcomes LME’s new responsible sourcing rules 

By: Marleny Arnoldi     23rd April 2019 International nongovernmental organisation (NGO) Global Witness has welcomed the London Metal Exchange’s (LME’s) new responsible sourcing rules, which were published for public consultation on Tuesday. The exchange’s responsible sourcing roadmap is intended for LME-listed brands and builds on a... 

Global Witness welcomes LME’s new responsible sourcing rules

Cornerstone and Newcrest in definitive Ecuador option agreement

By: Creamer Media Reporter      23rd April 2019 Australian major Newcrest has signed a binding option and farm-in agreement with exploration company Cornerstone Capital Resources over the Caña Brava and Tioloma properties in Ecuador, targeting epithermal gold/silver and porphyry gold/copper deposits. The agreement replaces the heads of... 

JXTG declines to comment on Caserones copper mine sale report

By: Reuters     23rd April 2019 JXTG Holdings, a Japanese oil refiner and miner, on Monday declined to comment on a media report that it is exploring the sale of its majority-owned Caserones copper mine in Chile. The Wall Street Journal said on Friday that JXTG is exploring the sale of Caserones, which could gain the company... 

South Africa could face copper shortage in next five years

By: Cameron Mackay     19th April 2019 Owing to a lack of significant new copper mining projects, constant illegal exports of copper scrap and import reductions from key copper producing economies, South Africa could struggle to meet local demand for copper in the next five years, says regional copper commodity body Copper Development... 

South Africa could face copper shortage in next five years
Photo by Reuters
SUPPLY TROUBLES Copper Development Association Africa says South Africa will have to import, at great cost, copper cathodes to meet local demand

Nickel pig iron market contributes to Indonesian nickel mining growth

By: Cameron Mackay     19th April 2019 The growth of the nickel pig iron (NPI) market in Indonesia has led to the rapid increase of nickel mining operations in the country, says international metals and minerals consultancy Roskill senior analyst Olivier Masson. Nickel pig iron, a low-grade ferronickel, was created in China as a... 

Nickel pig iron market  contributes to Indonesian nickel mining growth
Photo by Bloomberg
STEELY RESOLVE About 70% of the primary nickel produced in 2018 was used for stainless steel production

Canadian miner finds new high-grade zinc and gold deposit

19th April 2019 Canadian mining company Hudbay Minerals has announced the discovery of 35.6 m of high-grade mineralisation including both zinc-rich massive sulphides and gold. The deposit is located between the old Chisel North mine and the producing Lalor mine in Manitoba, Canada, at a down hole depth between... 

Canadian miner finds  new high-grade zinc  and gold deposit
ALAN HAIR These zinc-rich and gold-rich intersections highlight the ever prospective nature of the Flin Flon greenstone belt and demonstrate the value of our Manitoba assets

Zinc inventories continue to fall

By: Cameron Mackay     19th April 2019 The poor performance of Chinese smelters and the closure of major zinc mines in the past two years have led to global and refined zinc inventories continuing to fall, says international commodities consultancy Core Consultants MD Lara Smith. “Many smelters last year chose not to buy expensive... 

Zinc inventories continue to fall
Photo by Bloomberg
REDUCED OUTPUT Many Chinese smelters last year chose not to buy expensive concentrate and instead cut down on consumption rates and production

China’s scrap regulations important factor in copper market

By: Cameron Mackay     19th April 2019 New legislation and regulations by the Chinese government for the import of scrap materials could be a significant factor in the copper market this year, suggests international metals and minerals consultancy Roskill associate consultant Jonathan Barnes. China announced plans in April last year... 

China’s scrap regulations important factor  in copper market
Photo by Bloomberg
RESTRICTED REGULATIONS As a result of regulations and a trade war, China will need to replace copper scrap units with imports of more refined copper

Africa will struggle to keep up with lead-producing countries, says Fitch

By: Cameron Mackay     19th April 2019 Africa will struggle to keep up with major lead-producing countries, such as China and Australia, owing to a lack of new projects in the pipeline, says credit and macro intelligence solutions provider Fitch Group commodities industry expert Diego Oliva-Velez. There are currently only four new... 

Africa will struggle to keep up with lead-producing countries, says Fitch
Photo by Bloomberg
ENVIRONMENTAL RESTRICTIONS As a highly polluting and toxic metal, global lead production will remain under pressure over the coming years

Murray & Roberts Cementation wins Palabora contract

19th April 2019 Mining contractor Murray & Roberts Cementation has been awarded a contract by copper miner Palabora Mining Company for a 1 200-m-deep ventilation shaft. The shaft, with a lined diameter of 8.5 m, will reach a final blind sink depth of 1 190 m before a drop raise takes it to its final depth,... 

Murray & Roberts Cementation wins Palabora contract
CONSTRUCTION A surface headgear and winder installation will be constructed from January to March 2020

Underground copper project start remains on track

19th April 2019 Copper ore company Nevada Copper has confirmed that its Pumpkin Hollow underground copper project remains on target to start production in the fourth quarter this year. Pumpkin Hollow is located in Nevada, in the US and has substantial reserves and resources including copper, gold and silver. 

Underground copper project start remains  on track
ON SCHEDULE surface infrastructure and processing equipment are advancing to plan

Ivanplats to complete early-works construction at Platreef Shaft 2

By: Mc'Kyla Nortje     19th April 2019 Ivanplats, the South African subsidiary of Ivanhoe Mines, is expected to complete early-works construction at Shaft 2 of the Platreef palladium/platinum/nickel/copper/gold/rhodium project, near Mokopane, in Limpopo, South Africa, in the second quarter, says Ivanplats VP and project director... 

Ivanplats to complete early-works construction at Platreef Shaft 2
SHAFT 2 Aerial view of the Shaft 2 box cut early works with the concrete hitch under construction

Cochilco holds 2019 copper forecast at $3.05/lb

By: Reuters     18th April 2019 Chile's Cochilco State copper commission on Thursday held its estimate for the price of copper at $3.05/lb, rising slightly to $3.08 for 2020 on improving prospects for growth in China. Cochilco said it saw production in Chile, the world´s top copper producer, at 5.96-million tonnes for 2019 and... 

Orion reawakening geological giant in Northern Cape  

By: Martin Creamer     18th April 2019 Three years ago, Orion Minerals was trading at an eighth of an Australian cent a share. It had a market capitalisation of $4-milllion and set out to find something that could be turned into a mine. The good news is that the company found that opportunity in South Africa, and its share price has... 

Orion reawakening geological giant in Northern Cape
Mining Weekly Online’s Martin Creamer interviewing Orion Minerals CEO Errol Smart. Video: Nicholas Boyd. Photographs: Dylan Slater.

LME ready to address flaws in its metal storage rules

By: Reuters     18th April 2019 The London Metal Exchange is poised to deal with a loophole in its warehousing rules, exposed after commodity trader Glencore bought large amounts of aluminium earlier this year, sources familiar with the matter said. But the exchange will have to wait until a complaint lodged by Glencore with... 

Polymetal reports big jump in production

By: Creamer Media Reporter      18th April 2019 Russian gold and silver producer Polymetal on Thursday reported a 27% year-on-year increase in first-quarter gold-equivalent (GE) production, on the back of a strong performance from its Kyzyl mine and steady operational performance at its other mines. GE production increased to 374 000 oz. Gold... 

Sandfire ups outlook for 2019

By: Esmarie Iannucci     18th April 2019 Copper/gold miner Sandfire Resources has reported another strong quarter at its DeGrussa mine, in Western Australia. Copper production in the three months to March reached 16 062 t, which was on par with the 16 888 t produced in the previous quarter, while gold production also remained stable at... 

Sherritt sees no impact as Trump lifts ban on lawsuits against foreign firms in Cuba

By: Reuters     18th April 2019 Canadian miner Sherritt International will not be materially impacted by the Trump administration's decision to allow lawsuits in US courts against foreign firms in Cuba, the Canadian mining firm said on Wednesday. The Trump administration will allow lawsuits in US courts for the first time... 

Sherritt sees no impact as Trump lifts ban on lawsuits against foreign firms in Cuba
US President Donald Trump

Green economy good news for copper producers – Antofagasta chairman

By: Reuters     18th April 2019 The global fight against climate change will boost demand for copper, a key metal used in the production of electric vehicles, Antofagasta chairperson Jean-Paul Luksic said on Wednesday. Luksic, speaking to reporters at Antofagasta's Los Pelambres mine in north-central Chile, said the global... 

NGEx to separate Argentina and Chile projects with spin-out

By: Mariaan Webb     18th April 2019 Vancouver-based copper/gold explorer and developer NGEx Resources has announced that it will spin out its Los Helados project, in Chile, into a wholly-owned subsidiary, Spinco, to allow it to focus on the more advanced Josemaría project, in Argentina, which is now advancing to the feasibility... 

Hudbay says largest shareholder to vote for its nominees

By: Mariaan Webb     18th April 2019 TSX- and NYSE-listed Hudbay Minerals said on Wednesday that its largest shareholder, Letko, Brosseau & Associates, had confirmed that it would vote for the company's director nominees at the upcoming shareholders meeting. Letko, Brosseau & Associates exercises investment control or direction... 

Eager black investors fund premium-priced opportunity in zinc, copper 

By: Martin Creamer     17th April 2019 Black investors have self-funded the purchase of shares at a premium price in the fast-tracked redevelopment of the Prieska zinc and copper mine in the Northern Cape, which has a three-year payback and a minimum mine life of ten years. The $8-million equity capital raising by Orion Minerals,... 

Eager black investors fund premium-priced opportunity in zinc, copper
Photo by Creamer Media Chief Photographer Dylan Slater
Orion Minerals’ ‘meet-the-media’ attendees were from left: Jowell Tobias, Godfrey Gomwe, Billy Mawasha, Michelle Jenkins, Errol Smart, Nelson Mosiapoa, Tom Borman, Sharon Matthews and Roger Matthews.

Moroccan miner Managem considering raising $200m in bond sales

By: Reuters     17th April 2019 Morocco's leading mining firm Managem says it is considering raising $200-million through the sale of nonconvertible bonds with a maturity of up to seven years, to fund its development plans. The terms of the issuance will have to be approved by its general assembly on May 6, Managem said in a... 

Nevada Copper details plans for Pumpkin Hollow openpit

By: Mariaan Webb     17th April 2019 TSX-listed Nevada Copper has announced the outcomes of a newly completed prefeasibility study (PFS) for a standalone openpit mine at its Pumpkin Hollow project, where it is currently constructing an underground mine. The PFS considers developing the openpit independently from the underground... 

Nevada Copper details plans for Pumpkin Hollow openpit
The Pumpkin Hollow site (December 2018)

Galileo raises £500 000 for Zambia zinc project

By: Creamer Media Reporter      17th April 2019 Aim-listed Galileo Resources has raised £500 000 through the placing of 100-million new shares at a price of 0.5p a share. The proceeds will be used for general working capital, as well as for advancing its Star Zinc project, in Zambia. Specifically, the company plans to use the proceeds to... 

Judge revokes water-use permit for Hecla’s Montana project

By: Mariaan Webb     17th April 2019 A judge in the US state of Montana has reversed the award of a water-use permit for Idaho-based Hecla Mining subsidiary, RC Resources’ Rock Creek silver/copper mine. Montana District Court Judge Kathy Seeley sided with plaintiffs who argued that their concerns regarding the impact that the... 

Wetar's new owners make a change

By: Esmarie Iannucci     17th April 2019 The Wetar copper project, in Indonesia, is expected to reach its targeted production rate of 25 000 t/y by the second half of this year, after a $24-million cash injection from new owner Eastern Field Development (EFDL). EFDL in October 2017 launched a takeover bid for project owner Finders... 

First Majestic reports solid start to 2019

By: Creamer Media Reporter      17th April 2019 Mexico-focused miner First Majestic Silver has had a solid start to 2019, with its first-quarter production reaching 6.3-million silver-equivalent ounces (SEOs). This compares with 3.9-million SEOs in the same quarter of 2018, and 6.5-million SEOs in the fourth quarter of last year. 

Pacifico gets breathing room

By: Esmarie Iannucci     17th April 2019 The Western Australian Environmental Protection Authority (EPA) has recommended that ASX-listed Pacifico Minerals be given a further five years to start development at its Sorby Hills lead/silver/zinc project. The EPA has recommended that Pacifico be granted leave until April 2024, to develop... 

Orion Minerals, PTM make headlines 

17th April 2019 This week Mining Weekly editor Martin Creamer unpacks the developments at Orion Minerals and Platinum Group Metals. 

Orion Minerals, PTM make headlines
Orion Minerals, PTM make headlines

Munali nickel mine restarted

By: Marleny Arnoldi     16th April 2019 Mabiza Resources and its major investor Consolidated Nickel Mines (CNM) have restarted mining operations at the Munali nickel mine, in Zambia. The refurbished mine was officially opened on Tuesday by Zambia President Edgar Lungu and key dignitaries from the Zambian government.  

Beowulf raises another £500 000

By: Creamer Media Reporter      16th April 2019 Nordic-focused mineral exploration and development company Beowulf Mining has announced that it will raise £500 000 by issuing shares at 5.75p each. The funds are for general working capital purposes and for supporting its commitment to Vardar Minerals’ Kosovan exploration programme, the company... 

Gold output to reach record high this year – report 

By: Nadine James     16th April 2019 Gold production increased for the tenth consecutive year in 2018 to 107.3-million ounces and is expected to reach a new record high of 109.6-million ounces this year, S&P Global Market Intelligence research analyst Christopher Galbraith said on Tuesday.   He noted that while the year-on-year... 

Gold output to reach record high this year – report

Waterton launches legal action against Hudbay

By: Creamer Media Reporter      16th April 2019 Toronto-based investment firm Waterton Global Resource Management, which is waging a proxy contest against Hudbay Minerals, has started legal proceedings against the TSX- and NYSE-listed miner in the Ontario Superior Court. According to a statement from Hudbay, Waterton is alleging that the... 

Waterton launches legal action against Hudbay
Hudbay CEO Alan Hair

Lumwana says higher taxes will have severe impact on business

By: Reuters     16th April 2019 Higher mineral taxes in Zambia will have a severe effect on Lumwana Mining Company's operations, driving its costs up, the copper miner's country manager, Nathan Chishimba, told journalists on Tuesday. Earlier this year, Africa's second-largest copper producing country increased royalties and... 

1
2 3 4 5 6 7 8 9

Latest News

more

Latest Videos

more

Press Office

more

Topics In These Articles

RSS Feed

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