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Project Management News

Nemaska stock spikes on positive updated feasibility study

By: Henry Lazenby     4th April 2016 The TSX-listed stock of project developer Nemaska Lithium on Monday spiked after the company released an updated feasibility study on the Whabouchi mine and concentrator, which will be built in the Eeyou Istchee James Bay territory, in Quebec, as well as the hydromet plant, which will be located... 

Molycorp another step closer to emerging from Chapter 11 protection

By: Henry Lazenby     1st April 2016 The US Bankruptcy Court for the District of Delaware has confirmed the fourth joint amended plan of reorganisation filed by bankrupt US rare earths producer Molycorp, marking one of the final steps before the company will be able to emerge from Chapter 11 protection as a newly reorganised... 

BC’s jade industry growing as the precious gem’s popularity climbs 

By: Henry Lazenby     1st April 2016 British Columbia’s jade mining industry is expanding on the back of insatiable demand from China, as producers struggle to keep up with demand for the gem-quality metamorphic green rocks. Between 1975 and 2000, the jade industry averaged about 200 t/y, but this had since ballooned to about 1 000... 

The 'Polar Pride' jade boulder mined by Green Mountain Jade that went on to be carved into the world-famous 'Jade Buddha for Universal Peace', currently on an extended world tour
Photo by Green Mountain Jade
The 'Polar Pride' jade boulder mined by Green Mountain Jade that went on to be carved into the world-famous 'Jade Buddha for Universal Peace', currently on an extended world tour

Tesla secures 180 000 orders for new EV in 24 hrs, drives auto sector demand for lithium 

By: Henry Lazenby     1st April 2016 Twenty-four hours after launching, US electric vehicle (EV) maker Tesla Motors has secured more than 180 000 orders for its new Model 3 vehicle, making it the biggest driver of potential lithium demand from the auto sector to date. By Friday afternoon, that figure had risen to above 198 000... 

Tesla Model 3
Photo by Reuters
Tesla Model 3

Mine mechanisation gains traction

By: Simon Sonnekus     1st April 2016 More South African mining companies are shifting from using conventional labour forces to mechanising their deep-level operations, as they are exposed to increased seismic stress and the subsequent seismic activity, higher temperatures and time-consuming travelling to the rock face, says... 

DECLAN VOGT
Mines and mining corporations have shifted their focus to improving production efficiency and maintaining steady productivity to prevent capital expenditure amid the commodities slump by means of using machinary
Photo by Duane Daws
DECLAN VOGT Mines and mining corporations have shifted their focus to improving production efficiency and maintaining steady productivity to prevent capital expenditure amid the commodities slump by means of using machinary

Over 40 minerals and metals contained in seawater, their extraction likely to increase in the future

By: Keith Campbell     1st April 2016 It is generally known that many minerals and metals exist, dissolved in seawater and in the waters of briny lagoons and salt lakes. According to Stanford University in the US, seawater contains 47 minerals and metals. Starting with the most abundant and proceeding to the least abundant these are... 

Over 40 minerals and metals contained in seawater, their extraction likely to increase in the future

Despite strong performance from Santander, Trevali widens Q4 loss as zinc prices fall

By: Henry Lazenby     31st March 2016 Canadian zinc producer Trevali Mining has reported a fourth-quarter net loss C$8.3-million, or C$0.03 a share, despite its Santander zinc/lead/silver project, located in Peru, putting in a strong performance. The 76% year-over-year widening of the company’s net loss was mainly owing to lower... 

Kootenay Silver consolidates 2.5% NSR on Northair’s La Cigarra project, Mexico

By: Henry Lazenby     29th March 2016 Canadian explorer Kootenay Silver has acquired a 2.5% net smelter return royalty (NSR) on Northair Silver’s La Cigarra project, in Chihuahua state, Mexico. Under terms of the agreement, Kootenay would buy the NSR for $250 000 in cash upon closing the deal, followed by a second cash payment of... 

Australian miner moves to acquire two more graphite exploration licences in Mozambique

By: African News Agency      28th March 2016 Australian miner Mustang Resources Limited has announced that it will by mid-April acquire majority stakes to two more exploration licences to expand its resource portfolio within the Balama graphite mining project, in Mozambique. In a cautionary notice issued to shareholders on Friday, Mustang... 

Specialist plays key role in mine shutdown and upgrade

25th March 2016 On-site and prefabricated accommodation specialist Speedspace has assisted Botswana-based copper and nickel smelting company BCL with mine-site accommodation solutions for the shutdown and upgrading of its 11-year-old cooling system at its smelting furnace located at Selebi Phikwe. Speedspace... 

STRATEGIC POSITIONING
Speedspace’s Botswana-based rental fleet enabled the accommodation project at BCL to be completed without any delays
STRATEGIC POSITIONING Speedspace’s Botswana-based rental fleet enabled the accommodation project at BCL to be completed without any delays

Interim housing supplier targets growth despite industry turmoil

By: Malusi Mkhize     25th March 2016 Modular buildings manufacturer Kwikspace is involved in several prospective mining projects in Africa while the local industry struggles to recover from low commodity prices. “Our prefabricated rental buildings are an economical and practical solution when accommodation is needed for less than... 

Interim housing supplier targets growth despite industry turmoil

Camp completed for Sudan operation

25th March 2016 Modular structure solutions provider Ark Prefab has delivered a camp as part of a procurement, construction and commissioning of facilities package to accommodate mine workers at the Kush project, in Sudan, operated by a large Russian mining company.  In 2015, Ark Prefab began erecting the camp,... 

COMPETITIVE CAPACITY Shanghai, China-based Ark Prefab currently has a yearly prefabricated building production capacity of 75 000 m2
COMPETITIVE CAPACITY Shanghai, China-based Ark Prefab currently has a yearly prefabricated building production capacity of 75 000 m2

Manufacturer promotes sustainable buildings for mining industry

By: Malusi Mkhize     25th March 2016 Modular building solutions provider Perfect-Places is assessing the building needs of the South African mining industry with an eye to introducing its range of thermal-insulated modular homes that reduce construction time.  The Cape Town-based company constructs buildings that are warmer in... 

ENERGY SAVER Perfect-Places offers a building solution that is warmer in winter and cooler in summer, reducing the need for heating and cooling
ENERGY SAVER Perfect-Places offers a building solution that is warmer in winter and cooler in summer, reducing the need for heating and cooling

Energy efficiency provides the edge amid escalating costs

By: Malusi Mkhize     25th March 2016 Modular homes and prefabricated building supplier Afripanel highlights the significant advantage of using energy efficient prefabricated buildings for mine-site accommodation solutions amid rising electricity and fossil fuels costs. Afripanel MD Jaco Schultz tells Mining Weekly that the company... 

CONSTRUCTION EFFICIENCY 
The Afripanel modular building system is designed to reduce construction time on site
CONSTRUCTION EFFICIENCY The Afripanel modular building system is designed to reduce construction time on site

Mozambique coal miners’ power station projects making ‘visible progress’

By: Keith Campbell     25th March 2016 One of the international companies that has developed coal mines in Mozambique’s Tete province, India’s Jindal Africa, a subsidiary of Jindal Steel and Power, has advertised in the Maputo newspaper Notícias for a consultant to serve as a project manager for its planned power plant at its Chirodzi... 

China sets course for smooth economic transition and commodity price gains

By: Simon Rees     24th March 2016 The retreat of commodity prices on the back of China’s economic shift belied rising levels of uptake and the likelihood of an upcycle later in the decade, CRU Group managing consultant Philip Macoun told an audience at the recent Prospectors and Developers Association of Canada convention.... 

China sets course for smooth economic transition and commodity price gains

Lithium X gets drill permit for Nevada project

By: Henry Lazenby     24th March 2016 Junior explorer Lithium X Energy has received the necessary work permits from the Bureau of Land Management to complete four drill holes at its Clayton Valley North lithium project, in Nevada. The Vancouver-based firm planned to drill two holes each at two different locations to test potential... 

Push to supply longer-term lodgings  

By: Malusi Mkhize     24th March 2016 Housing and building construction system company Moladi believes mining companies, which are currently dealing with the commodities downturn, should invest in longer-term building solutions for the purpose of on-site accommodation, as opposed to more traditional prefabricated modular buildings.... 

MORE TO OFFER Moladi’s green building technology is up to six to eight times stronger than traditional brick and cement structures
MORE TO OFFER Moladi’s green building technology is up to six to eight times stronger than traditional brick and cement structures

Grafoid, Xiamen MoU to open door for Canadian graphite products in China

By: Henry Lazenby     23rd March 2016 Privately held research and development company Grafoid Inc has signed a memorandum of understanding (MoU) with China’s largest exporter and producer of tungsten, Xiamen Tungsten. The agreement was hailed by Grafoid chairperson Jeffrey York as a turning point in Grafoid’s global technology... 

High-grade graphite from Focus Graphite's Lac Knife project, Quebec.
Photo by Focus Graphite
High-grade graphite from Focus Graphite's Lac Knife project, Quebec.

Anglo Pacific gathers momentum as possible commodity price trough brings upside

By: Henry Lazenby     23rd March 2016 TSX- and LSE-listed Anglo Pacific Group more than doubled revenues in 2015 to swing to an adjusted profit driven mainly by the group’s Australia-based coking and thermal coal assets. The UK-based company on Wednesday reported that royalty income had increased 149% to £8.7-million, driven by a... 

Sierra Rutile completes PFS for Sembehun dry mine

By: Anine Kilian     22nd March 2016 AIM-listed Sirerra Rutile announced has concluded a prefeasibility study (PFS) for its Sembehun dry mine project, in Sierra Leone, intended to extend the life and scope of operations at its fully permitted Sembehun group of deposits. The PFS found that the dry mine was value enhancing and capital... 

Burst bubbles offer salutary lessons for mining industry

By: Simon Rees     21st March 2016 Speculative bubbles offered useful templates for those seeking to identify new ones through which value can be realised before their inevitable burst, newsletter writer Mickey Fulp told an audience at the recent Prospectors and Developers Association of Canada conference. But bubbles also acted... 

Lithium-ion batteries.
Photo by Reuters
Lithium-ion batteries.

Low commodity prices changing traditional M&A deal making, as value, volume drop

By: Henry Lazenby     21st March 2016 Low commodity prices are having a big impact on merger and acquisition (M&A) activity, owing to playing such a critical role in determining deal values, professional services firm KPMG partner Jamie Samograd, who focuses on mining in the deal advisory practice, tells Mining Weekly Online.... 

Low commodity prices changing traditional M&A deal making, as value, volume drop

Red Cloud’s Klondike Strike ‘democratising’ mining investment stage

By: Henry Lazenby     18th March 2016 A new crowdfunding platform is aiming to revolutionise mine financing in giving both individual and institutional investors access to participate in security offerings of mining companies, which are usually restricted to a select few high net-worth people, institutional investors, friends and... 

While lithium opportunities grow, investors urged to maintain caution

By: Simon Rees     18th March 2016 The increase in lithium prices has tempted more companies to enter the space and take advantage of the growing market interest, said Disruptive Discoveries Journal newsletter writer Chris Berry at the recent Prospectors and Developers Association of Canada conference. “A lot of companies have... 

Profit-pumping Turquoise Hill hopes for Oyu Tolgoi underground decision by Q2

By: Henry Lazenby     18th March 2016 Rio Tinto subsidiary Turquoise Hill Resources has declared 2015 net income attributable to shareholders of $313.3-million, or $0.16 a share, compared with net income of $26.9-million, or $0.01 a share in 2014 – an increase of $286.4-million. The Vancouver-based company advised that the increase... 

Production flow system helping mines to improve productivity, employee engagement

By: Schalk Burger     18th March 2016 A theory of constraints (ToC) production flow system, which is a leadership intervention, is helping mines to improve their productivity and employee engagement, says mining consultancy StratFlow director Hendrik Lourens. McKinsey and Deloitte studies in the past year have shown that mining... 

HENDRIK LOURENS
Complex and complicated mining management must be approached in a suitable way, and many factors ensure that management actions taken are not suitably complex or complicated
HENDRIK LOURENS Complex and complicated mining management must be approached in a suitable way, and many factors ensure that management actions taken are not suitably complex or complicated

Mozambique sees advances in precious stones and metals programmes

By: Keith Campbell     18th March 2016 In Mozambique, the Nampula provincial government has announced that a $50-million gem and other precious stones certification centre will open this month. The centre, an initiative of the country’s Ministry of Science, Technology and Higher Education under its technology parks programme, is... 

Juniors a safer bet as culling nears completion 

By: Simon Rees     15th March 2016 Most of the middling- to poor-quality juniors have finally been eradicated or left impotent by the downturn, which have enabled investors to back the survivors with greater certainty, head of Kaiser Research John Kaiser told attendees at the newsletter writers’ day during the recent Prospectors... 

'Flat is the new growth' for gold majors – Goldcorp CEO

By: Henry Lazenby     15th March 2016 Flat might be the 'new normal' in terms of growth for the world's top gold producers, with large-cap miners’ gold reserves having declined by 13% over the last three years to about 480-million ounces of gold and production set to decline by 8% to about 27.5-million ounces by 2018. “This seems to... 

Los Filos, Mexico
Photo by Goldcorp
Los Filos, Mexico

Colombia’s six-pillar strategy lays foundations for mining future

By: Simon Rees     12th March 2016 Colombia’s newly launched six-pillar mining strategy would boost confidence and investor appeal, said Mines and Energy Vice-Minister María-Isabel Ulloa in an interview with Mining Weekly Online. The country’s reputation as a mining jurisdiction had been dented in previous years after a rush of... 

As S African govt aims at Q2 signing of revamped MPRDA, Sibanye CEO bemoans investors' lack of confidence

By: Henry Lazenby     11th March 2016 The CEO of South African miner Sibanye Gold has complained that despite his company’s many positive credentials, it was “really disappointing” that its JSE- and NYSE-listed stocks were trading significantly lower than its contemporaries active elsewhere in the world. Neal Froneman said he was... 

Ecuador open for business as Lundin advances Fruta del Norte flagship

By: Simon Rees     10th March 2016 Lundin Gold’s Fruta del Norte gold project has become a symbol of Ecuador’s desire and confidence to further develop its nascent mining sector. “We’re very happy with Lundin; they’re a world-class mining company and we’ve been working closely with them,” Mining minister Javier Cordova told Mining... 

Despite sagging attendance, hints of optimism found at PDAC convention

By: Henry Lazenby     10th March 2016 Despite attendance at the 2016 Prospectors and Developers Association of Canada’s (PDAC’s) yearly convention being estimated at just over 22 000 – the lowest in four years – a renewed sense of optimism could be found within the cavernous halls of the Toronto Convention Centre this week.... 

Chile’s unemployment levels fall despite copper price rout

By: Henry Lazenby     9th March 2016 Despite more than 25 000 people losing their jobs in Chile as a result of the lower copper price, national unemployment levels have dropped by more than half a per cent, as government support and efforts to redeploy the country’s skilled work force pay off. As measured at the end of 2015, the... 

Chile’s unemployment levels fall despite copper price rout

Outward African image needs changing to court foreign investment

By: Henry Lazenby     8th March 2016 Africa has a negative outward image, partly owing to the ignorance of outsiders, but mainly owing to a lack of cohesive strategies to tell the positive news about the continent. Speaking during a panel hosted by MineAfrica and the Canada-Southern Africa Chamber of Business, which explored... 

Lithium miners hunt for capital as demand for metal climbs

By: Reuters     7th March 2016 Climbing demand for the metal lithium at a time of broader commodity weakness has Canada's Nemaska Lithium and Western Lithium USA confident they can soon obtain scarce capital even as other junior miners struggle. A scramble to secure lithium has accelerated as prices have risen, driven by... 

Bacanora completes prefeasibility study on Mexican lithium project

By: Henry Lazenby     4th March 2016 TSX-V- and Aim-listed project developer Bacanora Minerals has this week reported positive results of a prefeasibility study (PFS) completed on its flagship Sonora lithium project, in Mexico. Baconora in August last year became the first company to sign a conditional long-term agreement with... 

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