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Project Management News

Mines must adapt rapidly to new digital age – Wipro

By: Ilan Solomons     8th May 2015 For mining organisations to remain competitive in the digital era, a transformation needs to happen within their information technology (IT) functionality, says IT consultancy and systems integration firm Wipro Africa business director Shailendra Singh. “As technology plays an ever increasing... 

Partnership gives Wits mining engineering school access to @RISK software

By: Zandile Mavuso     8th May 2015 Software company Palisade has partnered with the University of the Witwatersrand’s (Wit’s) School of Mining Engineering as it has licensed access to its @RISK software for 100 computers in the School’s Mine Design Laboratory to assist confronting unfolding uncertainties pertaining to managing... 

Information management solutions ensure control of mining operations

8th May 2015 Mining equipment, tools, services and solutions provider Sandvik Mining’s advanced automation solutions can significantly increase mine productivity and safety, while lowering the total cost of asset ownership, the company says. 

VEHICLE MONITORING
Sandvik’s Equipment Monitoring product provides easy access to data on equipment use and condition
VEHICLE MONITORING Sandvik’s Equipment Monitoring product provides easy access to data on equipment use and condition

Taseko Mines improves cornerstone operation’s economics, extends life

By: Henry Lazenby     6th May 2015 An updated mine plan for base metals miner Taseko Mines’s 75%-owned Gibraltar openpit copper/molybdenum mine, in south-central British Columbia, has improved the operation’s financial metrics, lifted reserves and extended the mine life. The latest mine plan, the result of a detailed, six-month... 

No relief for Canada's BC as PwC expects challenges to continue into 2015

By: Henry Lazenby     6th May 2015 British Columbia's (BC's) mining sector was not showing any early signs of improvement in 2015; however, investment in the mining industry needed continue despite today's challenging conditions, advised PwC's BC mining practice partner and leader, Mark Platt. "Miners need to keep exploring if... 

Exploration and mine development up to 2.5 times more costly in Canada’s North

By: Henry Lazenby     6th May 2015 A new study has found that the cost to explore and build new mines is as much as 2.5 times higher in northern Canada, mainly as a result of a lack of critical infrastructure. The study, titled ‘Levelling the Playing Field’, found that the cost of mineral exploration and building and operating... 

Exploration and mine development up to 2.5 times more costly in Canada’s North

Oral hearings in TriMetals Mining’s intl arbitration against Bolivia confirmed for July next year

By: Henry Lazenby     4th May 2015 TSX-listed TriMetals Mining, formerly South American Silver (SAS), will get its day in court in July next year, a little later than the previously expected May 2016 date, as it pursues its international arbitration claim against Bolivia. TriMetals on Monday said after concluding consultation with... 

Tesla Motors reveals new range of household batteries, energy division

By: Henry Lazenby     1st May 2015 Clean energy leader Tesla Motors on Thursday night launched a new range of batteries that could power homes and commercial buildings at a fraction of the expected cost, highlighting the growing demand for the minerals, such as graphite, cobalt and lithium, required to make these batteries. Tesla... 

Tesla Motors CEO Elon Musk.
Tesla Motors CEO Elon Musk.

N American potash producers improve Q1 earnings on higher prices, lower costs

By: Henry Lazenby     30th April 2015 Two of North America’s largest potash and fertiliser producers, Canada’s Potash Corp of Saskatchewan and US-based The Mosaic Company, have improved their first-quarter earnings on the back of better prices and lower costs. Following a period of “especially robust” potash markets, demand and... 

N American potash producers improve Q1 earnings on higher prices, lower costs

Consulting engineers encouraged to take nontraditional approach

24th April 2015 With government pushing for greater transformation and inclusivity in the engineering, procurement and construction management (EPCM) sector, consulting engineers are being called upon to take a nontraditional approach to the implementation of major projects and to spearhead transformation... 

AT WORK
A 'back to basics' approach is needed regarding the development of a generation of young talent black engineers, technologists and technicians
Photo by Bloomberg
AT WORK A 'back to basics' approach is needed regarding the development of a generation of young talent black engineers, technologists and technicians

Mining firms replenish coffers

By: Henry Lazenby     23rd April 2015 Several miners this week successfully completed private placements to shore up their balance sheets in anticipation of pursuing their strategic corporate objectives. Africa-focused project developer Ivanhoe Mines and China-based Zijin Mining Group on Monday closed an $85-million private... 

Commerce Resources successfully completes rare earth pilot plant trials

By: Henry Lazenby     23rd April 2015 The first phase in a series of flowsheet pilot plant tests on material from Commerce Resources 100%-owned Ashram project has been completed, the Quebec-focused rare earths project developer reported this week. The TSX-V-listed firm said the pilot plant had produced enough bulk quantities of... 

Despite sliding mining sales, Caterpillar lifts Q1 profit

By: Henry Lazenby     23rd April 2015 American mining equipment manufacturer and financier Caterpillar has reported a sharp increase in first-quarter profits despite lower sales, as restructuring effort over the past 12 months gained traction. For the three months ended March 31, the NYSE-listed firm improved profits by 20% to... 

Despite sliding mining sales, Caterpillar lifts Q1 profit

Canada’s mining industry welcomes federal budget 

By: Henry Lazenby     22nd April 2015 Canada's national mining association has welcomed the Conservative government’s balanced federal budget 2015, citing its pleasure with renewed funding for critical areas such as environmental assessments, the Major Projects Management Office, Aboriginal education and training, and geoscience.... 

Canada's Finance Minister Joe Oliver on Tuesday tabled a C$990.3-billion balanced budget.
Photo by Reuters
Canada's Finance Minister Joe Oliver on Tuesday tabled a C$990.3-billion balanced budget.

Ivanhoe and Zijin Mining close $85m private placement 

By: Henry Lazenby     20th April 2015 Africa-focused project developer Ivanhoe Mines and China-based Zijin Mining Group have closed a $85-million private placement, boosting the miner’s working capital and available funds for general corporate purposes, and advancing the company’s three main projects. Zijin acquired a 9.9% stake in... 

Bakubung shaft sinking remains on track 

By: Kimberley Smuts     17th April 2015 Shaft-sinking activities at platinum miner Wesizwe Platinum’s Bakubung mine, in the North West, remain on track, with the main and ventilation shafts now having reached a depth of 770 m. Shaft sinking started in 2012, following the receipt of $600-million in financing from the China Development... 

EVENED OUTOwing to additional development work done on the ventilation shaft, both shafts are now at the same depth
Bakubung platinum mine GM Eddie Mohlabi discusses the mine’s shaft sinking progress.

Mining companies risk competitive edge without more women on board

By: Simon Rees     13th April 2015 Canadian mining companies should have more women on their boards to sharpen their competitive edge, increase diversity and boost creativity, Patrice Merrin told an audience at the Women in Mining Toronto branch last week. Among her many roles, Merrin was currently a corporate director on the... 

Centerra Gold, Kyrgyz govt Kumtor JV negotiations hit renewed uncertainty

By: Henry Lazenby     9th April 2015 Negotiations between Canadian miner Centerra Gold and the Kyrgyzstan government have reached renewed uncertainty after the country’s Prime Minister, Djoomart Otorbaev, suggested to the Kyrgyz Republic Parliament and local media that the restructuring of the Kumtor gold mine as a 50/50 joint... 

Centerra Gold's Kumtor mine, in Kyrgyzstan.
Photo by Centerra Gold
Centerra Gold's Kumtor mine, in Kyrgyzstan.

Mining companies becoming increasingly digital, interconnected

By: Schalk Burger     3rd April 2015 Mining enterprises are becoming increasingly digital and interconnected and this trend promises to make mining companies much more adaptable, robust and sustainable into the future. This is according to information technology consultancy and systems integration firm Wipro global practice mining... 

SHAILENDRA SINGH
A digital mining enterprise will be able to overcome volatility through agility, detailed planning and timely responses
SHAILENDRA SINGH A digital mining enterprise will be able to overcome volatility through agility, detailed planning and timely responses

Tough times call for focus and projects with quality – Brennan

By: Simon Rees     2nd April 2015 As commodities remain depressed and the China-driven resource cycle fades, companies must maintain exceptional focus to advance projects, Largo Resources consultant Mark Brennan told an audience at the Canadian Institute of Mining’s Management and Economic Society in Toronto last week. Brennan... 

Vanadium pentoxide.
Photo by Largo Resources
Vanadium pentoxide.

Vanadium output continues to climb at Largo Resources’ Maracas Menchen mine

By: Henry Lazenby     2nd April 2015 TSX-V-listed Largo Resources continued to ramp up vanadium output form its flagship Maracás Menchen mine, in Bahia state, Brazil, saying it had achieved new records for several production systems during March. The Toronto-based firm this week said that production rates and recoveries at the... 

Noront Resources consolidates position in Ontario’s Ring of Fire for a bargain 

By: Henry Lazenby     23rd March 2015 Northern Ontario’s emerging minerals-rich Ring of Fire (RoF) mining camp has a new champion after US-focused iron-ore producer Cliffs Natural Resources agreed to bow out of the prospective region by selling its claims to explorer Noront Resources for $20-million. Noront, which was currently in... 

Noront Resources consolidates position in Ontario’s Ring of Fire for a bargain

Despite strong growth outlook, exploration underinvestment might dent Silver Wheaton portfolio growth prospects

By: Henry Lazenby     20th March 2015 Despite its strong growth outlook, a critical shortage and chronic underinvestment in new base metals and other exploration projects in the medium term, could dent the world’s largest precious metals streaming firm Silver Wheaton’s ability to strike new streaming deals in the future. The silver-... 

Silver Wheaton president and CEO Randy Smallwood.
Photo by Bloomberg
Silver Wheaton president and CEO Randy Smallwood.

Asian miners transition towards digital mining – survey

By: Henry Lazenby     19th March 2015 Online data, analysis and advisory services provider Timetric’s Mining Intelligence Centre (MIC) says Asian mines are transitioning towards digital mining, as demonstrated by continuing investment in design software and mine surveying. The UK-based firm this week revealed that a recent survey of... 

Effective CSR strategies becoming increasingly critical to project success

By: Henry Lazenby     19th March 2015 With the extractive industry these days being forced to look for viable projects in more far-flung regions, it often entails coming into contact with communities that have, in a sense, been forgotten or neglected by their own governments, potentially adding to project risk. But socioeconomic... 

Effective CSR strategies becoming increasingly critical to project success

Arianne Phosphate exceeds previous product grade, purity during customer trials

By: Henry Lazenby     17th March 2015 Project developer Arianne Phosphate has completed a successful series of customer trials that have produced a phosphate concentrate with a superior grade and lower contaminants than previously ever achieved by the company. Arianne, which is focused on advancing the Lac à Paul project, in Quebec's... 

Alcoa to curtail 443 000 t of Suriname refining capacity

By: Henry Lazenby     17th March 2015 US-based aluminium and lightweight alloys producer Alcoa plans to curtail 443 000 t of alumina refining capacity at its Suralco plant, in Suriname. The NYSE-listed company, which earlier this month said that a review of its operations to cut costs could impact 14% of its global smelting capacity... 

Molycorp stock falls on reporting Q4, FY loss

By: Henry Lazenby     17th March 2015 US rare earths producer Molycorp’s NYSE-listed stock on Monday fell more than 16.2% after the company reported that it had failed to make a profit for the third consecutive year. Greenwood Village, Colorado-based Molycorp reported a full-year 2014 net loss attributable to common stockholders of... 

Molycorp stock falls on reporting Q4, FY loss

Vanadium producer Largo Resources secures C$12m bridging loan

By: Henry Lazenby     12th March 2015 TSX-V-listed Largo Resources has agreed to a term sheet with certain funds managed by Arias Resource Capital Management (ARC Funds) for C$12-million nonrevolving, convertible term loan facility, bearing an interest rate of 20% a year. The company would use the proceeds of the bridge loan... 

Major miners embrace local procurement strategy reporting initiative

By: Henry Lazenby     11th March 2015 Mining majors Anglo American, Rio Tinto, Newmont Mining and Barrick Gold have the most detailed local procurement reporting among 40 companies examined in a new study by Engineers Without Borders Canada (EWB). Released on Wednesday, the report titled ‘Local Procurement and Public Reporting Trends... 

Woodmac and Verisk to tie £1.85bn knot

By: Henry Lazenby     10th March 2015 Data analytics provider Verisk Analytics has signed a definitive agreement to acquire Wood Mackenzie (Woodmac) from Hellman & Friedman and other Woodmac shareholders. The acquisition of Woodmac, a global data analytics and commercial intelligence firm specialising in the energy, chemicals,... 

Largo Resources needs more cash by May to meet debt duties

By: Henry Lazenby     10th March 2015 Vanadium producer Largo Resources needs to secure about C$20-million through financing activities this year to complete optimisation initiatives at its Maracas Menchen mine, in Brazil, which is ramping up to commercial production. TSX-V-listed Largo on Monday said Phase 1 nameplate capacity of 9... 

Shortage of supply will stoke tin price higher in coming years

By: Simon Rees     9th March 2015 Tin’s muted performance across 2014 obscured the potential for price rises and robust margins in the coming years, Hallgarten & Co principal and mining strategist Christopher Ecclestone told an audience at the Prospectors and Developers Association of Canada conference last week. In addition, the... 

Greater consistency and transparency in Africa could spur investment

By: Henry Lazenby     7th March 2015 Investors are often naive when it comes to their perception of Africa as an investment destination; however, despite the continent having significant challenges to deal with, there have, in recent years, been remarkable changes taking place that set the scene for increased mining investment.... 

Consultancy notes interest, despite influx of service providers at indaba

By: Pimani Baloyi     6th March 2015 While the number of representatives from mining companies attending the 2015 Investing in African Mining Indaba seems to have dwindled and the presence of mining service providers has increased, South Africa-based consulting firm Mac Consulting says potential clients still paid the company... 

Tungsten industry in transition as China's competitiveness wanes

By: Henry Lazenby     5th March 2015 Despite China having not yet made significant inroads into securing tungsten supply from outside its borders, it might only be a matter of time before teh country did, providing the incentive investors are looking for to finance several shovel-ready projects. Tungsten, or wolfram as it is also... 

Africa ready to break the paradox of being primary, yet poorest, mining location 

By: Henry Lazenby     4th March 2015 Despite the commodity price collapse, Africa was ready to participate as a host continent to the global mineral extraction industry, South African Mineral Resources Minister Advocate Ngoako Ramatlhodi told the Canada-Southern Africa Chamber of Business's sixteenth Annual African Mining Breakfast... 

Mineral Resources Minister Ngoako Ramatlhodi
Photo by Duane Daws
Mineral Resources Minister Ngoako Ramatlhodi

Canada strikes more than 10 African foreign investment promotion, protection accords 

By: Henry Lazenby     4th March 2015 Canada has concluded foreign investment promotion and protection agreements with more than ten countries in Africa, improving the confidence and protection Canadian companies need to invest abroad. Canada’s International Trade Minister Ed Fast, accompanied by ministerial colleagues from African... 

The African mining delegation closes the TSX on Tuesday.
Photo by Foreign Affairs, Trade and Development Canada
The African mining delegation closes the TSX on Tuesday.
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