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Base Metals News

Zambia's Chamber of Mines warns of 'drastic' fall in copper output

By: Reuters     23rd May 2019 Zambia's 2019 copper output could be as much as 100 000 t lower than last year as changes to mining tax drive miners to cut production, the Chamber of Mines said on Thursday. "Present forecasts are that copper production, both concentrate and finished copper, will now be drastically lower than... 

Mincor snaps up idled nickel mine in Kambalda

By: Esmarie Iannucci     23rd May 2019 ASX-listed Mincor Resources has acquired the Long nickel operation, in Western Australia, from diversified miner Independence Group for up to A$9.5-million. The Long nickel operation was placed on care and maintenance in mid-2018, following the production of more than 135 000 t of nickel-in-ore,... 

Vedanta seeks urgent meeting over its besieged Zambian unit

By: Bloomberg     22nd May 2019 Vedanta Resources is seeking an urgent meeting with Zambian President Edgar Lungu over the threat to its local assets after a state-owned investment company asked the Lusaka High Court to liquidate them. Lungu at the weekend accused Konkola Copper Mines of lying and cheating and said Africa’s... 

Hudbay is said to prepare sale of Arizona copper mine stake

By: Bloomberg     22nd May 2019 Hudbay Minerals is preparing a sale of a stake in one of the largest copper mines under development in the US as an investor pushes the company to review its portfolio, people familiar with the matter said. The Toronto-based base metals miner has interviewed potential advisers about selling a... 

Villagers in Peru decide to impose new road blockade on Las Bambas mine-ombudsman

By: Reuters     21st May 2019 The indigenous community of Fuerabamba in Peru decided to impose a new road blockade on MMG's Las Bambas copper mine after talks with the company over compensation broke down, a representative of the ombudsman's office said on Tuesday. The community planned to start the blockade at midnight on... 

Zambian court appoints provisional liquidator of Vedanta's KCM 

By: Reuters     21st May 2019 Zambia's High Court on Tuesday appointed a legal firm as a provisional liquidator of Vedanta-controlled Konkola Copper Mines (KCM), according to a court document seen by Reuters. The document named Zambian law firm Lungu Simwanza & Company to oversee KCM a day after the president said Zambia... 

Zambian court appoints provisional liquidator of Vedanta's KCM

Nickel Mines finds funding, amends Ranger deal

By: Esmarie Iannucci     21st May 2019 ASX-listed Nickel Mines has secured an $80-million funding package from Decent Investment International Private, an associate of the company’s operating partner Shanghai Decent Investment, to fund its increased stake in the Ranger nickel project, in Indonesia. Nickel Mines in April this year... 

FYI nearing completion of pilot plant

By: Esmarie Iannucci     21st May 2019 The share price of junior FYI Resources was bumped by more than 5% on Tuesday on news that the company high purity alumina (HPA) plant, in Western Australia, was nearing first production. “The pilot plant is another key element for our disciplined HPA strategy that will ensure the Cadoux kaolin... 

Katoro identifies additional target at Haneti

By: Simone Liedtke     20th May 2019 Results from a soil sampling programme at Katoro Gold’s Haneti nickel project, in Tanzania, have reconfirmed and extended the strike length of the previously identified high-priority ultramafic exploration targets, as well as identified an additional ultramafic target, which was previously... 

ABM starts exploration at Cameroon cobalt/nickel project

By: Simone Liedtke     20th May 2019 Aim-listed African Battery Metals has started exploration activities at its cobalt/nickel project in Cameroon and will initially be targeting cobalt and nickel mineralisation at prioritised targets within the company’s licence areas. The work programme will start immediately, with a view to... 

AfriTin completes drilling on first 20 holes at Uis mine

By: Simone Liedtke     20th May 2019 Aim-listed AfriTin Mining on Monday announced that it had completed the first 20 diamond drill holes, which were recommended for the validation of the historical data by CSA Global, at its flagship Uis tin mine, in Namibia. The drill holes form part of the drilling programme designed to support... 

SolGold announces PEA results for Alpala

By: Mariaan Webb     20th May 2019 LSE- and TSX-listed SolGold on Monday published the results of a preliminary economic assessment (PEA) for the Alpala copper/gold/silver deposit at the Cascabel project, in northern Ecuador. The study estimated a “low” start-up capital expenditure of $2.4-billion to $2.8-billion and a “high” net... 

SolGold announces PEA results for Alpala

Zambia files 'notification' of plans to take over Vedanta assets

By: Bloomberg     20th May 2019 Zambia’s government filed notification of plans to take over Vedanta Resources’s domestic copper assets, President Edgar Lungu said. The move marks an escalation in tension between the government and mine owners, after Lungu last week threatened to “divorce” Vedanta and Glencore, two of the... 

Cobalt 27 completes Highlands Pacific acquisition

By: Creamer Media Reporter      20th May 2019 TSX-V-listed Cobalt 27 has completed the acquisition of Highlands Pacific, bolstering the company's prospects a growing diversified battery metals streaming and royalty company. As a result of the acquisition, Cobalt 27 now holds an 8.56% joint venture interest in the producing Ramu mine, a... 

Canada vows 'full steam ahead' on ratifying trade pact after US lifts metals tariffs

By: Reuters     20th May 2019 Canada will move quickly to ratify the new North American trade pact, Foreign Minister Chrystia Freeland said on Saturday, a day after the United States agreed to lift tariffs on Canadian steel and aluminum. US President Donald Trump had imposed the global "Section 232" tariffs of 25% on steel... 

Zambian President threatens Glencore, Vedanta with 'divorce' 

By: Bloomberg     17th May 2019 Zambian President Edgar Lungu threatened to “divorce” the domestic copper units of Vedanta Resources and Glencore after the companies said they’d curb operations in the Southern African nation. The threat marks an escalation in tensions between the mining industry in Africa’s second-biggest... 

African Battery Metals completes field operations at Kisinka project

By: Simone Liedtke     17th May 2019 Field operations at Aim-listed African Battery Metals’ Kisinka copper/cobalt project, in the Democratic Republic of Congo, have now been completed. ABM executive director Paul Johnson says the team “coped well with difficult on-site logistics as grass levels remained high after late rains, and we... 

Confidence and investment returning to British Columbia’s mining industry

By: Creamer Media Reporter      17th May 2019 The performance of British Columbia mining companies are mirroring the return of confidence to the global industry, with the mining sector of Canada’s westernmost province posting positive results for the second consecutive year. PricewaterhouseCooper (PwC) Canada’s ‘BC Mine’ report states that... 

Confidence and investment returning to British Columbia’s mining industry
Teck's Fording River operation in the Elk Valley of British Columbia.

Reduce exports, increase beneficiation – CDAA

By: Mc'Kyla Nortje     17th May 2019 Nonprofit organisation Copper Development Association Africa (CDAA) encourages countries, such as Zambia and the Democratic Republic of Congo, to reduce their copper exports and start investing in infrastructure to support the use of copper in downstream industries. CDAA executive chairperson... 

Reduce exports, increase beneficiation – CDAA
EVERT SWANEPOEL The meetings will encourage reciprocal business opportunities between Copper Development Association Africa members and mines

Junior starts copper exploration programme in Zambia

17th May 2019 Junior exploration company Arc Minerals has started an exploration programme at its Zamsort copper/cobalt project, in Zambia. The exploration programme follows the completion of an airborne geophysical programme at the project. 

Junior starts copper exploration programme  in Zambia
Photo by Bloomberg
NICK VON SCHIRNDING The exploration programme entails infill soil sampling over new targets

Explorer to acquire interest in Zambian copper licence

17th May 2019 Aim-listed copper/gold explorer Bezant Resources entered into a binding memorandum of agreement with horizontally-integrated holding company KPZ International last month for a conational option to acquire 50% interest in the Buffalo copper/gold exploration project in Zambia. Under the terms of... 

Explorer to acquire interest in Zambian copper licence
Photo by Bloomberg
AGREE OR NOT TO AGREE The agreement is for a conational option to acquire 50% of a copper mining licence

Ventilation firm to provide energy efficient solution to African project

17th May 2019 Ventilation firm TLT-Turbo Africa will supply and install a turnkey solution for underground ventilation and fume extraction for Canadian miner Ivanhoe Mines subsidiary Kamoa Copper SA. Kamoa Copper SA forms part of the Kamoa-Kakula copper project, which is a joint venture between TSX-listed... 

Ventilation firm to provide energy efficient solution  to African project
BLOWN AWAY Fans are ready to be shipped to Kamoa Copper

Foundry company plans further expansion into Zambia

By: Mc'Kyla Nortje     17th May 2019 South Africa-based foundry and engineering company Thos Begbie’s Zambian branch will expand its workshop into a fully equipped heavy machine and fabrication shop with fabrication facilities to cater for other industries. Thos Begbie Zambia MD Piet du Preez highlights this as the medium- to... 

Foundry company  plans further expansion into Zambia
INDUSTRIAL USES Fabricated pressure rings for use in industrial smelters

Copper majors report sound performances

17th May 2019 Several large diversified miners dominate copper production in Zambia and account for a significant amount of copper production in the Copperbelt, which includes the Copperbelt province and the towns of Ndola, Kitwe, Chingola, Luanshya and Mufulira in particular, as well as the Democratic... 

Copper majors report sound performances
Photo by Creamer media
KANSANSHI The mine is capable of producing 340 000 t of copper and more than 120 000 oz/y of gold

Taxation, labour laws under spotlight at Caminex

By: Mc'Kyla Nortje     17th May 2019 This year’s CAMINEX trade expo, which will be held from June 4 to 6 at the Kitwe Showgrounds, in Zambia, will focus on key topics such as taxation and labour laws, says event organiser Copperbelt, Agricultural and Commercial Show Society (CACSS) chairperson London Mwafulilwa. The discussions on... 

Taxation, labour laws under spotlight at Caminex
THE DEMO Exhibitor BL & D Copperbelt demonstrating a screener to Zambian Mines and Minerals Minister Richard Musukwa

Modernisation process could assist economic prosperity

By: Nadine James     17th May 2019 The industry needs to modernise, “but let’s be clear about what modernisation is not – it is not simply mechanisation, it is far more than that”, says Minerals Council South Africa modernisation and safety senior executive Sietse van der Woude, He describes it, instead, as a process of transition... 

Modernisation process could assist economic prosperity
SIETSE VAN DER WOUDE The transition to modernised mining needs to afford all stakeholders the chance to develop policies and programmes which ensure sustainability beyond minin

Minerals Council getting closer to communities

By: Nadine James     17th May 2019 The Minerals Council South Africa has established two pilot regional offices as part of its broader aim to enhance community relations, says Minerals Council public affairs and transformation senior executive Tebello Chabana. Minerals Council social performance head Alex Khumalo explains that the... 

I-CAT finalises dust management project in Guinea

By: Jessica Oosthuizen     17th May 2019 Environmental consultancy and product developer I-CAT finalised a dust management project on a bauxite mine – a first for the company – in Guinea last month. “This is a different ore than what we are used to – it was unique . . . and we have been successful,” I-CAT divisional manager Morné van... 

I-CAT finalises dust management project in Guinea
DEFEATING THE DUST I-CAT has completed 17 dust suppression projects in Africa in the past three months

Junior-specific Charter III provisions will boost growth

By: Nadine James     17th May 2019 The Minerals Council South Africa facilitated the inclusion of junior-specific provisions in Mining Charter 3, gazetted in September last year, says Minerals Council Junior and Emerging Miners Desk head Grant Mitchell. He notes that the provisions will assist the stability and growth of the... 

KGHM may beat production goal at Sierra Gorda

By: Reuters     16th May 2019 Polish mining company KGHM may produce more copper than planned at its Sierra Gorda mine in Chile in 2019, while keeping capital expenditure (capex) below target, its deputy chief executive in charge of foreign assets said on Thursday. "We see a chance to limit capex at Sierra Gorda while... 

Katanga’s first-quarter loss a share widens

By: Simone Liedtke     16th May 2019 Katanga Mining on Thursday announced that its basic and diluted loss a share had widened to $0.09 for the first quarter, ended March 31, from $0.04 in the first quarter of 2018. Adjusted earnings before interest, taxes, depreciation and amortisation increased to $41.8-million, from $16.3-million... 

Oyu Tolgoi going strong despite shaft delays

By: Mariaan Webb     16th May 2019 The Oyu Tolgoi mine, in Mongolia, has had a strong start to 2019, with copper and gold production in the openpit mine rising strongly, standing Vancouver-based Turquoise Hill in good stead to meet its production guidance for the year. During the first three months of the year, Oyu Tolgoi... 

Northern Dynasty’s Pebble reaches second native right-of-way agreement

By: Mariaan Webb     16th May 2019 The Pebble Limited Partnership (PLP) – a subsidiary of Northern Dynasty – has finalised a right-of-way agreement with Iliamna Natives, securing the right to use defined portions of its lands for the construction and operation of transportation infrastructure associated with the Pebble project.... 

Codelco strikes labour deal with supervisors at Salvador mine

By: Reuters     15th May 2019 State miner Codelco, the world's top copper producer, said on Wednesday that it had agreed on a new labour contract with the union of supervisors at its small Salvador mine in northern Chile. The union and company had entered into a government mediated negotiation earlier this month after... 

Trump administration opens up Minnesota wilderness area to copper mining

By: Reuters     15th May 2019 The US Interior Department on Wednesday renewed two mineral leases near the Boundary Waters Wilderness area in Minnesota, a key step in opening the popular wilderness and recreation area up to copper mining despite heavy opposition from local and national conservation groups. The department's... 

Trump administration opens up Minnesota wilderness area to copper mining

Ivanhoe receives additional C$679m investment

By: Simone Liedtke     15th May 2019 Co-chairpersons of TSX-listed Ivanhoe Mines, Robert Friedland and Yufeng Sun, on Wednesday announced that Citic Metal, through a subsidiary, is investing an additional C$612-million in Ivanhoe at C$3.98 a share. Zijin Mining Group has now also fully exercised its antidilution rights, also at... 

ABM to buy 35% stake in Katoro's Haneti project

By: Creamer Media Reporter      15th May 2019 Aim-listed Katoro Gold has entered into an investment and option agreement with fellow Aim-listed African Battery Minerals (ABM) that will result in ABM acquiring up to 35% of Katoro's Haneti nickel project, in Tanzania, for £125 000. Under the terms of the agreement, ABM will acquire, in... 

Over 40% of minority shareholders of Turquoise Hill oppose independent directors

By: Reuters     14th May 2019 A large proportion of the minority shareholders in Rio Tinto Plc-controlled Turquoise Hill Resources voted against the re-election of the company's independent directors on Tuesday. While all seven directors were re-elected to the board, according to a Turquoise Hill filing, over 40% of... 

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