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Project Management News
Ivanhoe Mines’ SA, DRC projects progressing well
25th May 2018 Canadian mining exploration and development company Ivanhoe Mines’ Democratic Republic of Congo (DRC) exploration team is continuing with its regional drilling programme that is targeting the Kamoa-Kakula-style copper mineralisation on its exploration licences in the west of the Kamoa-Kakula... →
African Sun Mining pursues opportunities at Junior Indaba
By: Donald Makhafola 25th May 2018 Owing to the current high prices of commodities, wholly black-owned, Pretoria-based opencast mining contractor African Sun Mining hopes to liaise with mining companies, which are prepared to start new projects, during this year’s Junior Indaba to be held from June 5 to 6 at the Johannesburg... →
Junior miners could successfully navigate challenges in changing energy, resources market
25th May 2018 Recovering commodity prices, renewed optimism in the mining sector, and diversified ownership of Tier 1 mining companies are opening up opportunities for emerging and junior miners to enter the industry, says engineering consultancy company WorleyParsons RSA CEO Denver Dreyer. He explains that... →
Madaouela and Mutanga uranium projects ready for development
By: Donald Makhafola 25th May 2018 Canadian uranium company GoviEx Uranium’s two projects, the Madaouela project, in Niger, and the Mutanga project, in Zambia, are fully licensed, and the junior company is ready to start the development of these projects to improve supply to the world uranium market. “We have made several... →
Euro Sun says Rovina Valley mining licence working its way through Romania govt
By: Henry Lazenby 24th May 2018 TSX-listed project developer Euro Sun Mining reported on Wednesday that the mining licence for its flagship Rovina Valley copper/gold project, in Romania, is working its way through government, with the National Agency for Mineral Resources and the Secretary General of Government (SGG) having... →
Barrick, Goldcorp to convert Pueblo Viejo power plant to natural gas
By: Henry Lazenby 14th May 2018 Barrick Gold and Goldcorp’s Pueblo Viejo Dominicana Corporation (PVDC), in the Dominican Republic, will convert the Quisqueya I power generation facility from heavy fuel oil (HFO) to natural gas, with the expectation of saving about $54/oz of gold produced over the remaining life of the... →
Pre-construction work gets under way at Nevada Copper’s promising Pumpkin Hollow
By: Henry Lazenby 11th May 2018 The proponent of what will probably be North America’s next new copper mine development, Nevada Copper, has signed a pre-works agreement with Cementation USA and secured key long-lead time items, further derisking the restart of construction of the company's fully permitted and shovel-ready... →
Nevada Copper's Pumkin Hollow underground shaft
Maptek’s Evolution 5 provides intelligent optimisation approach
11th May 2018 Software, hardware and services provider Maptek continues to stamp its ownership on the global mine scheduling market through an intelligent optimisation approach, with the company’s latest milestone, Evolution 5, announced last month. Generating an optimised mine schedule with practical... →
Integrated mining software championed
By: Tasneem Bulbulia 11th May 2018 The constant evolution and innovation of technology have prompted mining houses to move away from “disparate” legacy systems and pursue integrated and easy-to-use software tools instead, global consulting and technology company Deswik South Africa MD Ian Lawler tells Mining Weekly. Lawler... →
Local market welcomes launch of SRK Exploration Services
By: Nadine James 11th May 2018 The local and sub-Saharan African market has responded “very positively” to the establishment of SRK Exploration Services, a discipline-led division of SRK Global, says SRK Exploration Services Southern African exploration manager Oliver Bayley. He explains that the Cardiff-based division... →
Company continuously enhances core technologies
By: Jessica Oosthuizen 11th May 2018 Mine management solutions provider Modular Mining Systems (MMS) is continuously working on making value-added enhancements to its core technologies, says MMS MD Lourens du Plessis. He says customer feedback plays an important role in how the company’s solutions evolve over time. “By engaging with... →
Higher metals prices prop up BC mining industry in 2017 – PwC
By: Creamer Media Reporter 10th May 2018 British Columbia's mining industry remained upbeat in 2017, as prices for most metals and minerals produced in the province continued to steadily recover from multiyear lows. Although most commodity prices remain below the record highs seen in 2011, the recent increases are part of an upward... →
400% price hike prompts Energy Fuels to restart vanadium recovery at White Mesa
By: Henry Lazenby 9th May 2018 A 400% rise in vanadium pentoxide (V2O5) prices over the last 24 months has prompted US-based uranium producer Energy Fuels to resume vanadium recovery operations at its flagship White Mesa mill, in Utah, this year. The lithium-ion battery-making ingredient has reached new ten-year highs of more... →
Largo profit takes off as vanadium prices spike
By: Henry Lazenby 7th May 2018 A 164% spike in vanadium pentoxide (V2O5) prices over the past 12 months has resulted in Canadian producer Largo Resources swinging back into the black for the first three months of 2018, the company reported on Monday. Based in Toronto, with its flagship Maracás Menchen mine and mill located in... →
Northwest Territories gets shortest end of straw as mining boosts Nunavut, Yukon economies
By: Henry Lazenby 1st May 2018 A lack of new mining projects in the development pipeline of Canada’s Northwest Territories (NT) is threatening to derail the region’s economic growth outlook, the latest ‘Territorial Outlook’ by The Conference Board of Canada (CBoC) has found. The independent Ottawa-headquartered think tank... →
Captive Canadian miners decry minister’s move on Bill C-49
By: Henry Lazenby 30th April 2018 Canadian miners are voicing frustration and concern over the federal government’s removal of a Senate amendment relating to final offer arbitration (FOA), and with its modification of an amendment giving the Canada Transportation Agency own-motion power, in Bill C-49 – legislation that amends the... →
N American oil & gas, mining sectors released a third of total 2013 pollution – report
By: Henry Lazenby 25th April 2018 A new report that fine-combed the national pollutant release and transfer registers (PRTRs) of Canada, the US and Mexico to explore pollutant data reported by industrial facilities, has pointed to the critical need to standardise the way information is collected across the three jurisdictions,... →
Freeport stock tanks on disappointing Q1 earnings, Indonesia fears
By: Henry Lazenby 25th April 2018 US diversified miner Freeport McMoRan’s (FCX’s) NYSE-listed stock lost as much as 17% on Tuesday following disappointing first-quarter financial results and a lowered copper production outlook. Phoenix, Arizona-based Freeport’s president and CEO Richard Adkerson expressed shock and disappointment... →
Caterpillar ups profit outlook on doubling Q1 headline profit, record earnings
By: Henry Lazenby 24th April 2018 Global mining and construction equipment manufacturer Caterpillar has reported record first-quarter profit as strength in many of its end-markets and a strong emphasis on cost control boosted margins. The Deerfield, Illinois-based company reported adjusted profit of $2.82 a share – up 120%... →
Ivanhoe reaches Platreef Shaft 1 milestone 750 m below surface
By: Henry Lazenby 23rd April 2018 Blockbuster mine developer Ivanhoe Mines has reached a significant development milestone at its Platreef platinum/palladium/ gold/nickel/copper discovery on the northern limb of South Africa’s Bushveld Complex, after Shaft 1 has reached a depth of 750 m. Lateral development will take place from... →
Mining equipment supplier Weir buys US market leader Esco in $1.3bn tie-up
By: Henry Lazenby 19th April 2018 UK-based mining equipment dealer Weir has signed a binding $1.29-billion accord to buy Portland, Oregon-based Esco – a local market leader in the mining, construction and industrial markets. "We are acquiring a high-quality business at the right time, with the market in the early stages of its... →
Northcliff hopeful of ‘timely conclusion’ of Sisson permitting
By: Henry Lazenby 18th April 2018 Project developer Northcliff Resources is hopeful for a timely conclusion of the amendment process of the applicable metal mining effluent regulations, in consultation with all stakeholders and led by Environment Canada and Climate Change, for its Sisson tungsten/molybdenum mine, in New... →
Vale achieves best-ever quarterly sales in Q1, despite slide in iron output
By: Henry Lazenby 17th April 2018 Brazilian diversified miner Vale has reported its best first-quarter iron-ore sales ever despite production of the iron-making ingredient slipping somewhat during the three-month period. The company reported that output during the quarter ended March 31 slipped 4.9% year-on-year to 81.95-million... →
Vale's massive new SD11 mine, in Brazil
Largo eyes 25% Maracás Menchen capacity increase, plant improvements
By: Henry Lazenby 16th April 2018 Vanadium producer Largo Resources is looking to increase the production capacity at its flagship Maracás Menchen mine, in Brazil’s Bahia state, by 25% from the current 800 t/m to 1 000 t/m, it said in a statement on Monday. These improvements translate to a 200 t of additional vanadium pentoxide... →
First ‘Resources for Future Generations’ conference to be held in Vancouver
By: Henry Lazenby 13th April 2018 The Resources for Future Generations conference (RFG2018) is scheduled to make its debut on the Canadian resource conference circuit between June 16 and 21, in Vancouver, and is shaping up to be an event unlike the myriad of competing forums held in Canada throughout the year. RFG2018 chairperson... →
RFG2018 chairperson John Thompson
West and Central African Mining Summit to tackle vital issues
13th April 2018 The upcoming tenth West and Central African (WaCA) Mining Summit and Expo will showcase the dynamism and resilience of the mining industry in these regions, as well as explore the challenges facing mining in the region, with speakers that will cover various topics that have significant impact on... →
Services provider targets sub-Sahara
By: Melissa Zisengwe 13th April 2018 Dubai-based remote site construction and services provider RA International (RA) aims to introduce its broad service-offering to the sub-Saharan Africa mining industry. The company aims to provide a variety of packaged solutions, such as turnkey accommodation, facilities maintenance, plant and... →
Software, digitalisation to enhance mining productivity, efficiency
By: Mia Breytenbach 13th April 2018 Amid the recent economic downturn, with the global mining industry having to deal with volatile commodity prices, as well as the increasing need to improve operational efficiencies and address safety concerns, mining software solutions provider MICROMINE global marketing manager Kate Gilbey... →
Services demand in Africa rising
By: Melissa Zisengwe 13th April 2018 Over the past two years, local mining engineering consultancy Ukwazi has registered a rise in demand of between 20% and 30% for its service offering across Africa. The demand can mostly be attributed to the openpit operations across South Africa and Africa, but also to openpit operations... →
TSX-V conditionally approves listing of Altus Strategies’ shares
By: Marleny Arnoldi 12th April 2018 Africa-focused exploration project generator Altus Strategies has received conditional approval from the TSX Venture Exchange (TSX-V) to list the company’s ordinary shares on the exchange. →
Canada's Saskatchewan sees smaller fiscal deficit as spending kept tight
By: Reuters 11th April 2018 The Canadian province of Saskatchewan, home to major potash and uranium reserves, said on Tuesday it would run a smaller deficit in the current fiscal year and balance its books in 2019/20 as it keeps a tight lid on spending despite projected higher commodity prices. Saskatchewan, which has... →
Global trade politics cast shadow over Canadian M&A action – Oreninc
By: Henry Lazenby 10th April 2018 Market volatility continues to rattle the stock markets and metals commodities are alternately coming under pressure and recovering as US President Donald Trump and China stand-off over trade, or more specifically, their bilateral trade balance. It was against this backdrop that data company... →
Vanadium batteries need 'Elon Musk moment' to kick-start market
By: Bloomberg 10th April 2018 Vanadium needs Elon Musk or another big player in the global battery market to get behind the metal in order to share centre stage with other energy-storage components such as lithium and cobalt. “When we get that moment, we’re off to the races,” Vincent Algar, MD of Australian Vanadium, said in... →
US to lead global crude production as soon as 2023 – IEA
By: Henry Lazenby 10th April 2018 US shale production growth is expected to lift the jurisdiction to being the top oil producer globally by 2023, a report from the International Energy Agency (IEA) has shown. According to the IEA, US output will expand by 3.7-million barrels a day, more than half of the world’s expected... →
Kinder Morgan suspends Trans Mountain Expansion project as political firestorm heats up
By: Henry Lazenby 9th April 2018 Pipeline operator Kinder Morgan Canada (KMC) has placed non-essential activities and related spending to twin an existing crude oil pipeline between Alberta and British Columbia on ice, as opposition to the project in British Columbia intensifies. The C$7.4-billion project, which was previously... →
Plug-and-play IoT edge gateway launched for industry, mining
By: Schalk Burger 6th April 2018 Information technology (IT) hardware multinational DellEMC and local Internet of Things (IoT) developer IoT.nxt have launched an edge computing device, called the Raptor, which enables businesses to deploy an IoT network in their operational environments to integrate existing sensors and... →
Initial public offerings slow during Q1 as volatility keeps investors at bay
By: Henry Lazenby 2nd April 2018 Initial public offerings (IPOs) on Canadian stock exchanges took a breather during the first quarter of this year, as issuers and investors digest a slew of relevant factors such as the implications of interest rate hikes, recent US tax changes, market volatility and threats to world trade,... →
Vedanta wins bid to buy bankrupt Electrosteel Steels
By: Reuters 2nd April 2018 Vedanta, the Indian unit of diversified mining group Vedanta Resources, said on Saturday it had won in an auction to acquire bankrupt Electrosteel Steels. The transaction, financial details of which were not disclosed, is part of India's new bankruptcy law, which is aimed at cutting close to... →
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