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Base Metals News

Xtract appointed as contractor at Zambian copper processing project

By: Tasneem Bulbulia     15th July 2019 Xtract Resources has concluded a memorandum of agreement with KPZ International (KPZ) for Xtract to act as contractor for the Kalengwa processing project on the large-scale copper mining licence number 24401-HQ-LEL located in the central part of the Republic of Zambia. The historic Kalengwa... 

BHP and Luminex make Ecuador earn-in binding

By: Creamer Media Reporter      15th July 2019 Canadian junior Luminex Resources on Monday announced the signing of a formal earn-in and joint venture (JV) agreement with a wholly-owned subsidiary of BHP, which would earn into two mining concessions in Ecuador. Ultimately, the major will have the right to earn a 70% interest in a JV company... 

Teck and Liberty Gold sell Turkey project

By: Creamer Media Reporter      15th July 2019 Canadian companies Teck Resources and Liberty Gold have agreed to sell the Halilağa copper/gold porphyry deposit in north-western Turkey to Cengiz Holdings for $55-million in cash. The Turkish construction, mining and energy group will pay Teck and Liberty in three stages, over a two-year period. 

Rio could fast-track key Australia copper find before US asset

By: Bloomberg     15th July 2019 Rio Tinto Group’s much-followed copper discovery in remote Western Australia could leapfrog a key US project to be fast-tracked into production by the world’s No. 2 miner, according to a senior executive. Work is progressing to assess the size and quality of the Winu exploration project in the... 

Codelco names insider to replace departing CEO

By: Bloomberg     15th July 2019 Chile’s State-owned copper producer Codelco named Octavio Araneda as CEO, following the departure of Nelson Pizarro. Pizarro handed in his resignation on Friday during a board meeting at the company’s headquarters in Santiago, Codelco said in a statement. Araneda, who was most recently... 

Jubilee completes Sable Zinc refinery acquisition

By: Nadine James     12th July 2019 Aim-listed metals processing company Jubilee Metals Group on Thursday confirmed the completion of its acquisition of the Sable Zinc Kabwe refinery, in Zambia. “I am delighted that we have successfully achieved all conditions precedent for the implementation of the Sable Zinc Kabwe acquisition,... 

Greater input from Europe, North America will boost African mining

By: Tracy Hancock     12th July 2019 The African mining industry is largely holding its own, despite factors discouraging investor interest, with China delivering the sector’s foremost source of investment for mining projects and infrastructure development, says African Mining Network (AMN) chairperson Yolanda Torrisi. She says the... 

Greater input from Europe, North America will boost African mining
DRIVING DEVELOPMENT Policies that encourage the adoption of technology will help the industry to perform better, especially during mining downturns

Lead, zinc and copper markets all in deficit during first quarter of 2019

By: Nadine James     12th July 2019 Provisional data reported to the International Lead and Zinc Study Group (ILZSG) indicate that global refined lead metal demand exceeded supply by 39 000 t during the first four months of 2019, the organisation stated in a press release last month. Over the same period total reported stock levels... 

Lead, zinc and copper markets all in deficit during first quarter of 2019
RUNNING LOW The global market for refined zinc metal was in deficit by 97 000 t over the first four months of 2019

Proactive maintenance saves mines reactive costs

By: Tracy Hancock     12th July 2019 US condition-based monitoring device supplier SpotSee is in the process of obtaining certification in Africa for its Wi-Fi radio, which enables its OpsWatch vibration monitoring system to stream condition-based data to central operations through a Web-hosted platform. The system can detect... 

Proactive maintenance saves mines reactive costs
DON’T BE REACTIVE Having measures in place to predict pending failures, enables mining companies to be proactive and stay ahead of problems instead of waiting to react and, as a result, spending capital to solve them

LED trend lights up Africa

By: Tracy Hancock     12th July 2019 The African mining industry’s lighting requirements have evolved from standard high-intensity discharge (HID) products, which have been commonly used over the past 50 years, to more efficient and cost-effective light-emitting-diode (LED) products. This is according to South African industrial,... 

LED trend  lights up Africa
PLAYING CATCH-UP The African mining sector is quickly following lighting trends being set by mining sectors abroad

Expected demand brings airborne survey system back to Africa

By: Tracy Hancock     12th July 2019 There are many mining and exploration opportunities in Southern Africa, with exploration work growing as more mining companies are focusing on the region, says South African airborne geophysics technology provider Spectrem Air GM Louis Polomé. In the next ten years, remote sensing in terms of... 

Expected demand brings airborne survey system back to Africa
SOUTHERN AFRICAN HOPES Spectrem Air expects remote sensing, in terms of geophysics, to play a critical role in the exploration of Southern Africa in the next ten years

Namibia attractive landscape, says Canadian miner

By: Tracy Hancock     12th July 2019 Besides the significant lure of Namibia’s mineral-rich geology, the country’s various attributes make it a more attractive investment destination for exploration and development companies than other mining jurisdictions, says Canadian strategic minerals-focused company Broadway Gold Mining... 

Namibia attractive landscape, says Canadian miner
BUILDING PORTFOLIO Broadway Gold Mining has boosted its portfolio, previously consisting only of its Madison copper/gold project in the US, with its Namibian copper/vanadium acquisition

Mechanical completion of Proyecto Riotinto expansion 'imminent'

By: Mariaan Webb     11th July 2019 The expansion of the Proyecto Riotinto mine to 15-million tonnes a year is about to be finalised, paving the way for the Spain-based copper operation to increase production to between 50 000 t/y and 55 000 t/y in 2020. Mechanical completion was expected in the “next few weeks”, Aim- and... 

Oz Minerals unveils hub plans for Brazil

By: Esmarie Iannucci     11th July 2019 Australia-based miner Oz Minerals on Thursday announced a hub strategy for its Brazilian assets, with copper and gold processing facilities serving multiple small and mid-sized mines in Carajás and the Gurupi provinces. A nine month review and concurrent drilling programme of Oz Minerals’... 

Oz Minerals unveils hub plans for Brazil

Hair resigns as Hudbay CEO, Kukielski to lead in interim

By: Mariaan Webb     10th July 2019 The board of Toronto-based miner Hudbay Minerals has initiated a search for a new CEO, following the resignation of Alan Hair, who has been with the company for more than 20 years. The TSX-listed mining firm appointed Peter Kukielski, former Nevsun Resources CEO who recently joined the Hudbay... 

Hair resigns as Hudbay CEO, Kukielski to lead in interim
Alan Hair

Yamana adjusts FY guidance, reports strong second-quarter production

By: Mariaan Webb     10th July 2019 Canadian gold miner Yamana Gold on Wednesday reported strong preliminary second-quarter production results and updated its guidance for the year to reflect the completion of the sale of the Chapada mine, in Brazil, to Lundin Mining. The company produced 257 556 gold-equivalent ounces (GEOs) in... 

Yamana adjusts FY guidance, reports strong second-quarter production
The Canadian Malartic mine.

Consistent delivery from Central Asia’s Sasa and Kounrad

By: Creamer Media Reporter      10th July 2019 The Sasa and Kounrad operations that London-listed Central Asia Metals (CAML) own in Kazakhstan and north Macedonia, respectively, have achieved “another period of consistent delivery”, CEO Nigel Robinson said on Wednesday. The Kounrad solvent extraction and electrowinning copper plant produced... 

Giant copper project unblocked as Peru awards Tia Maria licence

By: Bloomberg     10th July 2019 Latin America’s second-largest copper producer got the green light to build a giant mine that’s key to plans to become one of the world’s top three producers of the metal. The Peruvian government awarded Southern Copper the license to start building its $1.4-billion Tia Maria project, which has... 

Giant copper project unblocked as Peru awards Tia Maria licence

Hendrix adds to Mt Hardy resources

By: Esmarie Iannucci     10th July 2019 ASX-listed Todd River Resources has reported a maiden mineral resource estimate of 2.6-million tonnes, grading 10.5% zinc equivalent at the Hendrix deposit, within its greater Mt Hardy copper/zinc project, in the Northern Territory. The mineral resource contains some 175 000 t of zinc, 22 500 t... 

Mining stocks could rebound with help from Trump and China

By: Bloomberg     9th July 2019 The backdrop for miners is ready to brighten in the second half of this year. They just need a resolution of the trade war between the US and China to light a fire under their stocks. Metal prices and mining equities have been at the mercy of trade headlines all year, and business fundamentals... 

Katoro to assess Haneti's lithium potential

By: Creamer Media Reporter      9th July 2019 Aim-listed Katoro Gold will investigate the potential of lithium and rare earth element mineralisation that has been identified at its 75%-owned Haneti nickel project, in Tanzania. The company, which has focused on the exploration of nickel sulphides at the project, on Tuesday reported that its... 

Congo's Jan to May copper output slides 16%, cobalt down 21%

By: Reuters     9th July 2019 Copper production in Democratic Republic of Congo, Africa's top producer, fell by 16.2% year-on-year in the January to May period, while cobalt output slid 21.5%, the central bank said on Tuesday. Copper output for the first five months of 2019 stood at 416 067 t compared with 496 468 t in the... 

Phoenix lines up lead adviser for Empire feasibility and construction funding

By: Creamer Media Reporter      9th July 2019 North America-focused base and precious metals exploration and development company Phoenix Copper has appointed mining finance advisory firm Medea Natural Resources as lead financial adviser to arrange up to $70-million for the construction of the Empire Mine openpit project, in Idaho, US. The... 

Nyrstar extends stoppage at Port Pirie smelter until late July

By: Reuters     9th July 2019 Metals and mining company Nyrstar said on Tuesday that it was extending force majeure at its Port Pirie lead and zinc smelter in Australia until the last week of July. The Belgium-based company now expects both the TSL and the blast furnace to restart by the end of July. 

Century has record quarter as production ramps up

By: Esmarie Iannucci     9th July 2019 Base metals miner New Century Resources has reported record quarterly zinc production in the three months to June, as production at its namesake project in Queensland, continued to ramp-up. Overall zinc metal output during the three months to June increased by 12%, to 20 450 t of zinc metal... 

Brazil to auction mining rights for about 1 000 areas this year – regulator

By: Reuters     9th July 2019 Brazil plans to put about 1 000 mining areas up for auction this year including areas containing gold, copper and iron-ore, a director of the country's National Mining Agency (ANM) told Reuters on Monday. ANM had initially planned to start auctioning off the areas in the first half of 2019, but... 

Atico buys Toachi to create new Latin American copper/gold miner

By: Creamer Media Reporter      9th July 2019 TSX-V-listed mining juniors Atico Mining and Toachi Mining on Monday announced a transaction to create a new Latin America-focused copper/gold company, anchored by the producing El Robe mine in Colombia and the high-grade La Plata project, in Ecuador. In terms of the transaction, Atico will... 

Atico buys Toachi to create new Latin American copper/gold miner
Core from the La Plata project, in Ecuador.

Congo’s swing producers turn to copper after cobalt meltdown 

By: Bloomberg     8th July 2019 Production of hand-dug cobalt in the Democratic Republic of Congo is poised to drop sharply after prices tumbled, prompting many of the country’s thousands of artisanal miners to switch focus to copper instead. Congo last year produced about 72% of the world’s cobalt, a key ingredient in the... 

Congolese army fires in the air during protest near Glencore plant 

By: Reuters     8th July 2019 Congolese soldiers fired in the air on Monday as illegal miners protested outside a metallurgical plant on a copper and cobalt concession run by Glencore, a witness said. The protest near the Luilu plant follows the eviction last week of thousands of illegal miners from Glencore's Kamoto Copper... 

Horizonte’s Araguaia project guaranteed access to national grid

By: Creamer Media Reporter      8th July 2019 The Brazilian Mines and Energy Ministry has awarded dual-listed Horizonte an energy decree, which guarantees the company access to the national grid for the commercial operation of its Araguaia ferronickel project. The receipt of the energy decree follows a number of key permitting milestones... 

The US and Europe are getting more anxious about EV battery shortages

By: Bloomberg     8th July 2019 Automakers to trading houses from North America to Europe are becoming more concerned about future supply shortages of key materials needed for electric vehicle batteries as spending on new production soars, according to the developer of a $1.5-billion project in Australia. More than a dozen... 

The US and Europe are getting more anxious about EV battery shortages
Clean TeQ is developing the Sunrise project, in Australia.

Anglo American firms up stake in Orion as Prieska gets enviro nod 

By: Esmarie Iannucci     8th July 2019 Mining major Anglo American’s enterprise development division, Anglo American sefa Mining Fund (AASMF), has taken a 3.7% interest in ASX- and JSE-listed Orion Mining. AASMF in 2015 subscribed for 15.75-million redeemable preference shares in Repli Trading No 27, which is 73.33% held by Orion, at... 

Anglo American firms up stake in Orion as Prieska gets enviro nod
Orion MD Errol Smart

Yamana and Lundin finalise Brazil copper project deal

By: Marleny Arnoldi     5th July 2019 Canadian base metals miner Lundin Mining on Friday announced that it had successfully completed the 100% acquisition of Mineração Maracá Indústria e Comércio, a mining company that owns the Chapada copper/gold mine, in Brazil. Lundin in April announced its plans to buy the company from Yamana... 

Chile mining sector continues to lag on growth

By: Reuters     5th July 2019 Chile's economic activity rose 2.3% in May from the same month a year ago, the central bank said on Friday, as the top copper producer´s crucial mining sector continued to lag. The IMACEC economic activity index encompasses about 90% of the economy tallied in gross domestic product figures. 

Zinc One to raise up to C$2.44-million in rights offer

By: Nadine James     5th July 2019 TSX-V-listed Zinc One Resources will proceed with a rights offer to raise between C$1.22-million and C$2.44-million. The company will offer rights to holders of its common shares, as from the close of business on July 8, on the basis of one right for each common share held. 

Acquisition, base metals demand create growth in South America

By: Cameron Mackay     5th July 2019 Mining equipment manufacturer and supplier Metso’s acquisition of Chilean mining engineering and construction company HighService Corp’s service division will enable Metso to grow further in the mining sector in Chile and the South American region, says Metso Pacific Rim market area senior VP... 

Acquisition, base metals demand create growth in South America
EXPANDED OFFERING The acquisition of HighService Corp’s service division increases Metso’s service offering in the Chilean and Pacific Rim mining markets, maintaining its growth strategy

South American mining holds promise despite challenges

By: Cameron Mackay     5th July 2019 Investment in mining projects in South America is expected to continue, despite political and infrastructural challenges in key mining country economies, says international commodities consultancy Core Consultants MD Lara Smith. “Vast natural resources and relatively low labour costs make the... 

South American mining holds promise despite challenges
LARA SMITH Core Consultants is aware of a number of investors who have chosen to invest solely in South America, particularly in gold and lithium assets

Strong fundamentals positioning miners to adapt to changing shareholder expectations

By: Simone Liedtke     5th July 2019 Despite the world’s top 40 miners consolidating their performance of the past several years, they are “not getting the credit for it”, according to consultancy PricewaterhouseCoopers’ (PwC’s) ‘Mine 2019: Resourcing the Future’ report, which provides key trends for the mining industry and PwC’s... 

Strong fundamentals positioning miners to adapt to changing shareholder expectations
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