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North America News

Mopani transitions copper operations to care and maintenance 

By: Martin Creamer     Updated 2 hours 35 minutes ago Copper mining company Mopani Copper Mines plc said on Tuesday that it had placed its mining operations on care and maintenance and a number of projects on hold. The announcement, the company said, followed a number of meetings with Zambian government ministries to provide an update of its... 

Kore Mining's California project can produce 146 000 oz/y

By: Marleny Arnoldi     Updated 2 hours 45 minutes ago North America-based Kore Mining has published a positive preliminary economic assessment with compelling project economics for the Imperial Oxide gold deposit, in California. The assessment determines a net present value (NPV) for the project of $343-million, with a 44% internal rate of return... 

De Beers contributes $2.5m Covid-19 funding to Botswana, Namibia  

By: Martin Creamer     Updated 4 hours ago Diamond mining and marketing corporation, the De Beers Group, on Tuesday announced that it would contribute $2 500 000 across Botswana and Namibia to aid the response to the Covid-19 crisis. De Beers Group is a 50/50 joint venture partner with both Botswana and Namibia in the recovery and sorting... 

De Beers contributes $2.5m Covid-19 funding to Botswana, Namibia
De Beers Group CEO Bruce Cleaver

Covid-19 preventing shareholders from attending Anglo AGM

By: Martin Creamer     7th April 2020 Shareholders will not be permitted to attend this year’s annual general meeting (AGM) of Anglo American because of Covid-19 restrictions – but they have been invited to submit questions in advance for answering at the AGM. The London- and Johannesburg-listed diversified mining company said in a... 

Atalaya sets copper guidance for 2020

By: Marleny Arnoldi     7th April 2020 A lower average copper price realised for the year ended December 31, 2019, resulted in TSX- and Aim-listed Atalaya Mining generating lower aftertax profit of €31-million, compared with €34-million in the year ended December 31, 2018. The average copper price realised in the year under review... 

Standard Bank notes SARB’s hold-back guidance on dividends, bonuses

By: Martin Creamer     7th April 2020 Africa’s biggest bank by assets, Standard Bank Group, said on Tuesday that it had noted the contents of the guidance of the Prudential Authority of the South African Reserve Bank (SARB) on dividend distributions to ordinary shareholders. SARB’s Prudential Authority, headed by Kuben Naidoo, has... 

Standard Bank notes SARB’s hold-back guidance on dividends, bonuses
Sim Tshabalala

Tailings risk management still not up to standard – foundation

By: Marleny Arnoldi     7th April 2020 The mining industry is still “dragging its heels” on the step-change measures required to prevent catastrophic tailings failures, such as the Brumadinho tailings dam collapse in Brazil that killed 270 people, says Responsible Mining Foundation (RMF). In the newly released 'Responsible Mining... 

Marketing deal signed for New Elk coal

By: Esmarie Iannucci     7th April 2020 ASX-listed Allegiance Coal has finalised a sale and marketing agreement with M Resources Trading over the coal produced at its New Elk mine, in Colorado. The agreement provides for an exclusive global sales and marketing arrangement spanning five years, with M Resources’ marketing fees to be... 

Marathon presents study results of ‘Atlantic Canada’s largest gold producer’

By: Creamer Media Reporter      7th April 2020 TSX-listed Marathon Gold has published the results of the prefeasibility study (PFS) for the Valentine gold project, in central Newfoundland, which support an openpit mining operation with low initial capital cost and high rate of return over a 12-year mine life. “The Valentine project is... 

New Gold brings back Rainy River

By: Creamer Media Reporter      7th April 2020 TSX- and NYSE American-listed New Gold has begun a systematic ramp-up of operations at the Rainy River mine, in Ontario, following the completion of a voluntary 14-day suspension to adhere to provincial and federal Covid-19 guidelines related to out-of-country travel that impacted a significant... 

Freeport-McMoRan workers at New Mexico mine test positive for coronavirus

By: Reuters     7th April 2020 Three employees at a New Mexico mine owned by Freeport-McMoRan, the world's largest publicly traded copper producer, have tested positive for Covid-19, the state's lieutenant governor said on Monday. It was not immediately clear if operations at the mine have been affected. A Freeport... 

Newcrest pulls out of GFG’s Wyoming project

By: Creamer Media Reporter      6th April 2020 Australian miner Newcrest has withdrawn from the option and earn-in agreement for the Rattlesnake Hills gold project, in Wyoming, US, TSX-V-listed GFG Resources has said. Since September 2018, Newcrest has invested $5-million in exploration expenditures on the project, which included more than 4... 

TSX-V approves Seagull Lake JV

By: Simone Liedtke     6th April 2020 The Toronto Venture Exchange (TSX-V) has approved a transaction in which Quadro Resources obtained an option to acquire a 70% interest in the platinum-palladium prospective Seagull Lake property from fellow-listed White Metal Resources. The project, which covers 7 539 ha, is located about 50 km... 

Global GDP to contract 1.9% this year, spark commodity oversupply, says Fitch

By: Simone Liedtke     6th April 2020 Owing to unprecedented lockdown in much of Europe, the US and across the globe, the world is currently experiencing considerably lower economic activity, which in turn significantly reduces commodity consumption, says ratings agency Fitch Ratings. As a result, it expects global gross domestic... 

Global GDP to contract 1.9% this year, spark commodity oversupply, says Fitch

Yamana remobilises Cerro Moro, seeks clarity on Quebec restrictions

By: Mariaan Webb     6th April 2020 Canadian gold miner Yamana Gold on Monday reported that it was remobilising its Cerro Moro gold and silver mine in Argentina and said that it was also seeking clarity on whether its Canadian Malartic gold mine, in Quebec, could resume operations next week. The Cerro Moro mine transitioned to a... 

Yamana remobilises Cerro Moro, seeks clarity on Quebec restrictions

Anglo going to great lengths to support South Africa in its Covid-19 hour of need 

By: Martin Creamer     6th April 2020 Diversified mining company Anglo American is going to remarkable lengths to support South Africa through the devastating Covid-19 crisis. The London- and Johannesburg-listed company, headed by Australian Mark Cutifani, is showing far-reaching corporate humanitarianism by taking firm steps to... 

Anglo going to great lengths to support South Africa in its Covid-19 hour of need
Photo by Bloomberg
Mark Cutifani

Former Canadian Minister joins Osisko Gold Royalties board

By: Creamer Media Reporter      6th April 2020 Dual-listed Osisko Gold Royalties on Monday announced the appointment of John Baird – a former Foreign Affairs Minister of Canada – to its board of directors. “In our discussions with John, we have been excited to have his insights on global affairs and interactions with government, an ideal... 

Nevada Copper suspends Pumpkin Hollow production

By: Mariaan Webb     6th April 2020 Copper production has been suspended at the Pumpkin Hollow mine, as a result of stringent travel and workplace restrictions that the US state of Nevada imposed to combat the spread of Covid-19. The suspension of production is expected to last for at least six weeks, owner Nevada Copper, which... 

Nevada Copper suspends Pumpkin Hollow production

Spain allows copper mine to resume as supplier to essential industries

By: Mariaan Webb     6th April 2020 Aim- and TSX-listed Atalaya Mining on Monday confirmed that operations had resumed at its Proyecto Riotinto copper mine, in Spain, after the mining department of Junta de Andalucía clarified that mining operations supplying other essential industries should continue to operate. Atalaya stopped... 

Spain allows copper mine to resume as supplier to essential industries
The Proyecto Riotinto mine has resumed operations.

Pembridge reduces economic interest in Minto

By: Simone Liedtke     6th April 2020 LSE-listed Pembridge Resources is set to restructure the share ownership of its Minto copper mine, in Canada. In light of the current financial market conditions owing to the outbreak of Covid-19 globally, and the potential for material cash calls on Pembridge, the company, with other Minto... 

Minister finds Covid-19 compliant mines but also laggards 

By: Martin Creamer     6th April 2020 As calls go out for mining to resume on April 17 or face serious setback, Mineral Resources and Energy Minister Gwede Mantashe has found excellent Covid-19 compliance by some coal mines that have been allowed to stay open to supply coal to Eskom – but inadequate response to directives by others.... 

Minister finds Covid-19 compliant mines but also laggards
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Pogo employee tested positive for Covid-19

By: Esmarie Iannucci     6th April 2020 An employee at gold miner Northern Star Resources’ Pogo mine, in Alaska, has tested positive for Covid-19 while at home on rostered leave. The miner said that the employee, who lives in Fairbanks, tested positive for the virus four days after completing his 12-day roster at the mine site. 

Barrick progressing towards modern miner goal 

By: Simone Liedtke     6th April 2020 Following its merger with Randgold Resources, NYSE- and TSX-listed Barrick Gold has made progress towards its goal of being a modern mining business, according to executive chairperson John Thornton in the company’s information circular for 2020 published on April 6. The circular follows the... 

Barrick progressing towards modern miner goal
Barrick executive chairperson John Thornton

New Brunswick places mineral claims under protection status

By: Creamer Media Reporter      6th April 2020 The government of New Brunswick has placed all mineral claims under protection status to ensure continuity of mineral claims amid uncertainty brought on by the Covid-19 pandemic. The Canadian province announced last week that work requirements for the 2020 field season would be waived and that... 

Vale launches $1m Covid-19 challenge in Canada and Brazil

By: Creamer Media Reporter      6th April 2020 Global diversified major Vale is joining the fight against coronavirus by launching the Vale Covid-19 Challenge, offering up to $1-million to propel innovative solutions into the marketplace. The challenge is open in Canada and Brazil with each selected solution eligible to receive up to $200... 

Peninsula stops work at Wyoming uranium project

By: Esmarie Iannucci     6th April 2020 Uranium developer Peninsula Energy has suspended all non-essential site activities at its Lance uranium project, in Wyoming, amid the Covid-19 pandemic. “The Covid-19 pandemic has lead to considerable global uncertainty and equity market volatility. However, we are committed to both carrying the... 

Peninsula stops work at Wyoming uranium project

OceanaGold solidifies Holmes appointment

By: Esmarie Iannucci     6th April 2020 Dual listed OceanaGold has appointed Michael Holmes as president and CEO, following the resignation of Mike Wilkes earlier this year. Holmes was appointed acting president and CEO following Wilkes’ departure, and has now been appointed to the role permanently.  

Alphamin expresses concern about a dwindling tin price  

By: Marleny Arnoldi     3rd April 2020 JSE- and TSX-V-listed Alphamin Resources produced 2 119 t of contained tin in the quarter ended March 31. This was at the mid-point of its guidance range and compares with the 2 235 t of contained tin produced in the quarter ended December 31, 2019.  

Strong exploration activity in Canada serves for a bit of good news

By: Marleny Arnoldi     3rd April 2020 Amid a surge of bad news for businesses and societies globally, explosives manufacturer BME is nonetheless excited about the exploration landscape for mining in Canada. The company launched its BME Mining Canada last year, which is a joint venture with Consbec – the largest civils drill and... 

M&R outlines evolving impact of Covid-19 disruptions to its projects

By: Marleny Arnoldi     3rd April 2020 JSE-listed Murray & Roberts (M&R) has noted the evolving impact of Covid-19 on its active projects in Australasia, the Americas and sub-Saharan Africa. The Oyu Tolgoi project in Mongolia, which the company’s Oil & Gas and Underground Mining platforms run in joint venture with a third partner,... 

Canada metals, mining sees 19.4% rise in deal activity

By: Simone Liedtke     3rd April 2020 Canada’s metals and mining industry saw a rise of 19.4% in overall deal activity during February, when compared with the last 12-month average, according to analytics and consulting company GlobalData’s deals database. A total of 43 deals worth $430.7-million were announced in February, compared... 

Waterberg JV partners sign amended agreement

By: Tasneem Bulbulia     3rd April 2020 Dual-listed Platinum Group Metals (PTM) says the shareholders of Waterberg JV Resources have executed a formal amended purchase and development option agreement with Impala Platinum (Implats). In consideration for the amendment, first announced on February 27, Implats is funding 100% of a new... 

Palladium One obtains another project in Finland

By: Creamer Media Reporter      3rd April 2020 Vancouver-headquartered Palladium One Mining has received approval from the Finnish Mining Authority for a 20 000-ha reservation, Kostonjarvi (KS), which is adjacent to its flagship Läntinen Koillismaa (LK) project in central Finland. The KS reservation covers a large buried gravity and magnetic... 

Palladium One obtains another project in Finland

Nevada Gold Mines assisting its local communities

By: Simone Liedtke     3rd April 2020 Nevada Gold Mines (NGM), in collaboration with the state of Nevada and its stakeholders, is working to identify immediate needs and provide financial and logistical support to mitigate the impact of the Covid-19 pandemic on its local communities. NGM is a joint venture (JV) between Barrick Gold... 

McEwen appoints Peter Mah as COO

By: Creamer Media Reporter      3rd April 2020 Dual-listed McEwen Mining on Thursday announced the appointment of Peter Mah as its COO, succeeding Chris Stewart, who left last month after the company reported weak operational results. Mah is a professional engineer with 30 years of global mining experience spanning gold, diamonds and base... 

DRD consulting with govt, labour to restart Far West Rand gold recoveries 

By: Martin Creamer     3rd April 2020 Surface gold mining company DRDGold is considering re-starting operations at its Far West Gold Recoveries surface retreatment operation at Carletonville, south-west of Johannesburg, in consultation with government and organised labour. DRDGold CEO Niël Pretorius states on the company’s website... 

DRD consulting with govt, labour to restart Far West Rand gold recoveries
Photo by Creamer Media
Niël Pretorius

Ivanhoe equips DRC mine with 10 ICU units as it speeds ahead with Kamoa-Kakula construction 

By: Mariaan Webb     2nd April 2020 Canada-headquartered Ivanhoe Mines has unveiled “extraordinary” measures to continue construction of its large-scale Kamoa-Kakula copper project, in the Democratic Republic of Congo (DRC), amid the coronavirus crisis. The miner has locked down Kamoa-Kakula and all key personnel on site, with... 

Ivanhoe equips DRC mine with 10 ICU units as it speeds ahead with Kamoa-Kakula construction
Dr Delvareine Kabwayi Buyamba of the Kamoa-Kakula medical response team.

Golden Minerals reports promising economics for Mexico project

By: Marleny Arnoldi     2nd April 2020 Colorado-based miner Golden Minerals has reported positive findings in a preliminary economic assessment (PEA) and updated mineral resource estimate for the Velardeña Properties, which is the company’s silver and gold project located in Durango state, Mexico. Engineering company Tetra Tech was... 

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