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North America News

Greece seeks to kickstart stalled Eldorado gold mine investment

By: Reuters     Updated 52 minutes ago Greece's recently-elected government wants a stalled gold mine investment by Canada's Eldorado to be revived, its energy minister said on Tuesday after meeting company executives. Vancouver-based Eldorado has two operating mines and two development projects in northern Greece but has struggled... 

Grupo Mexico says expects no operational impact from Guaymas suspension

By: Reuters     Updated 53 minutes ago Mining and transport firm Grupo Mexico said on Tuesday that it does not expect its operations to be impacted by the partial closing of its Guaymas facility on the Gulf of California. Mexico's environmental prosecutor Profepa said on Saturday that it had ordered the partial and temporary closure... 

US Interior Secretary visits Nevada Gold Mines

By: Creamer Media Reporter      Updated 59 minutes ago US Secretary of the Interior David Bernhardt on Tuesday visited Nevada Gold Mines’ Cortez mine where he saw first-hand the Deep South expansion project, a highlight of the department’s expedited permitting process The Deep South project will extend the life of Cortez, which has been in... 

The world’s top gold miner has a new CEO from Oct 1

By: Creamer Media Reporter      Updated 1 hour 20 minutes ago Gold major Newmont Goldcorp on Tuesday announced that former COO Tom Palmer would succeed Gary Goldberg as president and CEO on October 1. Palmer, who is currently president, was previously named as successor to Goldberg, who will retire after more than seven years of service to the gold major. 

The world’s top gold miner has a new CEO from Oct 1
Tom Palmer

Bristow meets Senegal President to discuss Massawa

By: Mariaan Webb     Updated 1 hour 32 minutes ago Toronto-headquartered miner Barrick Gold is “committed to delivering” the Massawa gold project and is working with the Senegal government on “how best to bring the gold project to account”, CEO Mark Bristow said on Tuesday. His comments follow a meeting with Senegal President Macky Sall earlier... 

Bristow meets Senegal President to discuss Massawa
Barrick CEO Mark Bristow

SilverCrest announces C$22m financing, SSR to maintain interest

By: Creamer Media Reporter      23rd July 2019 Precious metals exploration company SilverCrest has announced that it will raise C$22-million in bought deal financing, the proceeds of which will be used for advancing the Las Chispas project, in Sonora, Mexico, to feasibility study level. SilverCrest, which trades on the TSX-V, entered into an... 

Aluminium producers in Canada cash in on US tariff exemption

By: Reuters     23rd July 2019 Canada's exemption from US tariffs on imports of aluminium metal has boosted earnings at the Canadian operations of companies such as Rio Tinto and Alcoa, but has not cut costs for US consumers. In May, the US lifted the Section 232 tariff of 10% imposed on Canadian imports of aluminium, a vital... 

Aluminium producers in Canada cash in on US tariff exemption

Iamgold intersects 'bonanza' grades at Monster Lake JV

By: Mariaan Webb     23rd July 2019 Canadian gold major Iamgold on Tuesday announced the assay results from 16 drill holes completed in the 2019 winter drilling programme at the Monster Lake joint venture that it shares with TomaGold near Chibougamau, Quebec, including “bonanza-grade intersections”. The 2019 drilling programme set... 

PIC lost $333m through 'poor investment' in Erin Energy

By: Bloomberg     23rd July 2019 The former head of Africa’s largest money manager said the company lost $333-million after a “poor investment” in Erin Energy Corporation, accusing the US oil explorer of deliberately withholding information about its prospects ahead of a listing in Johannesburg. South Africa’s Public Investment... 

Condor granted extra time to acquire land for project in Nicaragua

By: Creamer Media Reporter      23rd July 2019 Dual-listed Condor Gold has been granted an extension to the timeframe to acquire land in Nicaragua or to reach legal agreements with landowners for a new mine producing 80 000 oz/y to 100 000 oz/y. Condor Gold in August last year received an environmental permit to operate a mine processing up... 

Trump enlists Pentagon on rare-earth magnets amid Chinese threat

By: Bloomberg     23rd July 2019 President Donald Trump on Monday ordered the US Defense Department to spur the production of a slew of rare-earth magnets used in consumer electronics, military hardware and medical research, amid concerns China will restrict exports of the products. Trump invoked the 69-year-old Defense... 

Fission studies underground-only option at PLS

By: Mariaan Webb     23rd July 2019 Mineral exploration company Fission Uranium is studying the merits of an underground-only approach at its flagship Patterson Lake South (PLS) project, in Saskatchewan, the Kelowna, British Columbia-based firm announced on Tuesday. Potential benefits of an underground-only approach include low... 

BHP to invest heavily in climate change research

By: Esmarie Iannucci     23rd July 2019 Diversified major BHP will spend $400-million, over a five-year period, on a climate investment programme to develop technologies to reduce emissions from mining operations. “Over the next five years this program will scale-up low carbon technologies critical to the decarbonisation of our... 

BHP to invest heavily in climate change research
BHP CEO Andrew MacKenzie

Aspiring rare-earth producers should focus on niche products – F&S

By: Creamer Media Reporter      23rd July 2019 Aspiring rare earth material producers aiming to compete with the likes of Australia’s Lynas Corporation and Iluka Resources will have to focus on manufacturing customised products for clients to break into the market. This is according to research and consulting firm Frost and Sullivan (F&S),... 

SSR buys partner’s stake in Argentina mine

By: Creamer Media Reporter      23rd July 2019 Nasdaq- and TSX-listed silver miner SSR Mining will buy the remaining 25% shareholding in the Puna operation, in Argentina, from TSX-V-listed Golden Arrow Resources for $34-million. Upon closing of the transaction, SSR will own 100% of Puna – a joint venture that was formed through the... 

Amplats targeting largest fuel cell truck, mulling renewable energy   

By: Martin Creamer     22nd July 2019 Platinum group metals mining and marketing company Anglo American Platinum, which recorded a spectacular 120% increase in half-year headline earnings per share, is screening the opportunities to use fuel cell trucks in its fleet. The cash-rich company has declared an interim dividend of... 

Amplats targeting largest fuel cell truck, mulling renewable energy
Anglo American Platinum first-half results presentation covered by Mining Weekly Online’s Martin Creamer. Video: Creamer Media’s Nicholas Boyd. Photographs: Creamer Media’s Dylan Slater

Serabi maintains production guidance

By: Creamer Media Reporter      22nd July 2019 Aim- and TSX-listed gold junior Serabi Gold has had a successful second quarter, reporting production of 9 527 oz, which is similar to its production in the same period last year, keeping the company on track to achieve its full-year guidance. For the first six months of the year, Serabi... 

Sienna back drilling at Sweden nickel/copper project

By: Creamer Media Reporter      22nd July 2019 Vancouver-headquartered Sienna Resources will start a new drilling programme at its flagship nickel, copper and cobalt project, in Sweden, next month, to test multiple high-priority drill targets. The 2019 programme at Slättberg followed initial drilling last year, which yielded encouraging... 

Galantas says Omagh development on target

By: Creamer Media Reporter      22nd July 2019 Development work at the Omagh underground gold mine, in Northern Ireland, is continuing on, or above, target, dual-listed Galantas Gold's CEO Roland Phelps, reported on Monday. In media statement updating development progess, he said that an access drive on the fourth level, or 1 060 m, had... 

Jervois Mining takes over Canada's Ecobalt, shares jump

By: Reuters     22nd July 2019 Australian cobalt developer Jervois Mining will take over eCobalt Solutions after shareholders of the Canadian company voted in favour of the deal, Jervois said on Monday. Jervois will acquire eCobalt in a plan of arrangement that values the deal at C$57.6-million, and will become the owner of... 

St Barbara completes Atlantic buy

By: Esmarie Iannucci     22nd July 2019 Gold miner St Barbara has completed the acquisition of TSX-V listed Atlantic Gold, acquiring the outstanding common shares in the Canadian miner for A$780-million. The two companies in May this year struck a takeover deal under which St Barbara acquired all the outstanding shares in Atlantic for... 

St Barbara completes Atlantic buy

C$600m Pallinghurst backing for lithium junior Nemaska

By: Mariaan Webb     22nd July 2019 Junior miner Nemaska Lithium has potentially raised fresh capital to build the Whabouchi lithium mine and Shawinigan electrochemical, in Quebec, which faces cost overruns of about C$375-million. Global investor Pallinghurst Group is contemplating a C$200-million private placement, at C$0.25 a... 

C$600m Pallinghurst backing for lithium junior Nemaska
A June 2019 site photo of the Shawiginan plant that Nemaska Lithium is building in Quebec.

Blackhawk files Chapter 11, joins list of bankrupt coal miners

By: Bloomberg     22nd July 2019 Blackhawk Mining filed for Chapter 11 court protection in Delaware, adding to a growing list of bankrupt coal miners. The Lexington, Kentucky-based company in court documents listed more than $1-billion in debt, compared to $165-million in Ebitda last year. Details of the filing were reported... 

Gold rally energised Canadian stocks even before Dalio’s essay

By: Bloomberg     19th July 2019 Billionaire investor Ray Dalio made headlines this week by asserting in a 6 000-word essay that gold should become a key part of every portfolio. Investors in Canadian gold stocks are way ahead of him. Gold producers have been on a tear in Canada, keeping the benchmark S&P/TSX Composite Index... 

Barrick could sell some of Acacia's operations after takeover - CEO

By: Reuters     19th July 2019 Barrick Gold could sell some mining assets owned by Acacia Mining after it gains full control of its African unit, chief executive Mark Bristow told Reuters. "We will... get these businesses back on track and depending on what they look like after they are in a reasonable form, we will again... 

GoviEx reaches debt scrapping, working interest agreement with Niger

By: Marleny Arnoldi     19th July 2019 TSX-V-listed GoviEx Uranium has entered into definitive agreements with the Niger government to finalise the commercial terms to progress the company’s flagship Madaouela uranium project. GoviEx currently has testwork under way targeting reduced operating and capital costs within the project... 

WGC survey finds growing role for China in international gold reserves

By: Marleny Arnoldi     19th July 2019 Gold will enjoy continued robust central bank demand in the short to medium term, the World Gold Council’s ‘2019 Central Bank Gold Reserves' survey shows. The survey, published on Friday, found that 11% of emerging market and developing economy central banks intended to increase their gold... 

WGC survey finds growing role for China in international gold reserves

Rio Tinto under fire as Mongolia presses for mine deal changes

By: Reuters     19th July 2019 Mongolia will vote in August to rip up parts of an investment agreement with Rio Tinto for the Oyu Tolgoi copper mine, which may force the miner to make concessions in a project beset by delays and political squabbles. The country owns 34% of the mine, Mongolia's biggest foreign investment... 

Rio Tinto under fire as Mongolia presses for mine deal changes

Alcoa pares aluminum forecast as trade-war fallout widens

By: Bloomberg     19th July 2019 Alcoa cited weakness in China in cutting its forecast for global aluminum demand for the second time in three months, adding to concerns that trade frictions are eroding the outlook for the industrial metal. The company sees aluminum use this year growing 1.25% to 2.25%, compared with its... 

British Columbia’s coal deposits to be studied for rare earths

By: Creamer Media Reporter      19th July 2019 Geoscience BC has announced a new project to examine how rare-earth elements (REEs) – crucial to personal electronics, renewable energy generation and defence technologies – could be extracted from the province’s coal deposits and coal tailings facilities. Coal deposits have been identified and... 

Nedbank’s Fuel Cell Electric Vehicle conference  

19th July 2019 Mining Weekly editor Martin Creamer attended Nedbank’s Fuel Cell Electric Vehicle conference in Cape Town this week and unpacks the highlights from the event. 

Nedbank’s Fuel Cell Electric Vehicle conference
Nedbank’s Fuel Cell Electric Vehicle conference

Selby resigns as RNC CEO

By: Creamer Media Reporter      19th July 2019 Mark Selby has resigned as president and CEO of gold miner RNC Minerals with immediate effect, the TSX-listed company announced on Thursday. Executive chairperson of the board, Paul Huet, had been appointed interim CEO. 

Khoemacau’s project funding package increases to $650m 

By: Simone Liedtke     19th July 2019 Khoemacau Copper Mines, owner of the Khoemacau copper/silver project in Botswana, has added an $85-million equity component to its project funding package, bringing total available funding to $650-million. All components of the package closed simultaneously earlier this week, and first draws are... 

Mining newcomer bets on $1bn copper project for growth

By: Bloomberg     19th July 2019 Ecuador’s ambition to become a mining superpower is being tested as the South American nation’s first large-scale copper mine starts operations. The $1-billion Mirador project in Zamora-Chinchipe province started ramping up production Thursday, Ecuador’s Vice-Ministry of Mines said. The openpit... 

Acacia agrees to buyout from parent Barrick 

By: Mariaan Webb     19th July 2019 Gold miners Acacia Mining and Barrick Gold have ended their two-month standoff, announcing on Friday that they have agreed on a takeover offer of 232p a share, valuing the London-listed company at about £343-million. Minority shareholders in Barrick will now receive 0.168 new Barrick shares for... 

Acacia agrees to buyout from parent Barrick

Mining VP outlines capacity to intensify efficiencies, strengthen services through wider diversity of skills 

By: Martin Creamer     19th July 2019 Following the incorporation of Jacobs’ energy, chemicals and resources (ECR) business into the rebranded Worley, Creamer Media’s Mining Weekly interviewed Robert Hull, the new VP of the Worley mining, minerals and metals division for Africa, which provides advisory, project management and... 

Mining VP outlines capacity to intensify efficiencies, strengthen services through wider diversity of skills
Worley VP mining Robert Hull speaks to Mining Weekly's Martin Creamer about the company's new capacity and capability. Camerawork and Editing: Darlene Creamer.

Platinum-linked fuel cell business accelerating at rapid rate, say experts  

By: Martin Creamer     18th July 2019 South Africa is continuing to gather top-tier insight into fuel cell technology as it navigates the electric vehicle market’s growing links to this country’s globally unparalleled platinum group metals industry. Expert after expert at this week’s Nedbank CIB’s Market Research conference outlined... 

Platinum-linked fuel cell business accelerating at rapid rate, say experts
Nedbank CIB Market Research mining analyst Arnold van Graan

Eric Sprott participates in Discovery's C$9m placement

By: Creamer Media Reporter      18th July 2019 Mexico-focused exploration company Discovery Metals has announced a C$9-miillion nonbrokered private placement of shares, in which investor Eric Sprott has agreed to participate. The TSX-V-listed firm will issue 23 216 174 common shares at C$0.23 a share and 15 935 000 subscription receipts at... 

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