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Project Management News

Updated PEA on Bissett Creek shows ‘robust economics’ despite low prices

By: Henry Lazenby     24th June 2014 The TSX-V-listed stock of Ontario-based project developer Northern Graphite on Tuesday ended the day on a high note after the company updated the preliminary economic assessment (PEA) on its flagship Bissett Creek project to include an expansion scenario. The Ottawa-based firm’s stock rose 12.5%... 

Avanti Mining starts building C$812m BC moly mine

By: Henry Lazenby     24th June 2014 TSX-V-listed project developer Avanti Mining said it had started construction of its C$812-million Kitsault molybdenum mine, a significant past-producing mine, located in northern British Columbia. Avanti said subsequent to receiving its amended Mines Act permit earlier this month, it had... 

Avanti Mining starts building C$812m BC moly mine

Mongolian government claims Oyu Tolgoi owes taxes, penalties

By: Henry Lazenby     23rd June 2014 Rio Tinto subsidiary Turquoise Hill Resources on Monday reported that the Mongolian Tax Authority had given the Oyu Tolgoi copper/silver/gold complex, in the country’s Southern Gobi region, an audit report that claimed unpaid taxes, penalties and disallowed entitlements related to the initial... 

Mongolian government claims Oyu Tolgoi owes taxes, penalties

Fortune Minerals collects final land-use permit and water licence approval

By: Henry Lazenby     20th June 2014 Canadian developer Fortune Minerals' Nico gold/cobalt/bismuth/copper mine and concentrator in the Northwest Territories is now shovel-ready after the company on Friday announced that it had received the final land use permit and Type A water licence required to construct and operate the project.... 

Fortune Minerals collects final land-use permit and water licence approval

Rare earths company initiates preliminary assessment in Namibia

20th June 2014 Rare earths mining company Namibia Rare Earths last month initiated a preliminary economic assessment (PEA) on Area 4 of the heavy rare earth deposit at its Lofdal rare earths project, in north-western Namibia. South African engineering company MDM Engineering has been engaged as the principal... 

Alacer reports positive DFS results for Çöpler, in Turkey

By: Henry Lazenby     17th June 2014 Intermediate gold producer Alacer Gold on Monday reported buoyant results of a definitive feasibility study (DFS) for the addition of a sulphide ore-processing circuit at its Çöpler mine, in Erzincan province, Turkey, extending the life of the mine and boosting current resources and reserves. The... 

Alacer reports positive DFS results for Çöpler, in Turkey

Avanti Mining’s Kitsault mine gets BC nod to start construction

By: Henry Lazenby     16th June 2014 British Columbia on Monday announced that it had given TSX-V-listed Avanti Mining its Mines Act permit, allowing construction of the C$812-million Kitsault molybdenum mine, located 140 km north of Prince Rupert, to start. Targeting first production by 2017, construction was expected to start in... 

Avanti Mining’s Kitsault mine gets BC nod to start construction

Quebec firm plans to fill PGM supply gap by recycling catalytic converters

By: Henry Lazenby     13th June 2014 A Quebec-based green technology firm is hoping to build its first full-scale plant that would extract platinum-group metals (PGMs) from used catalytic converters. Platinum and palladium prices were on Friday trending lower as a result of reports that South African mining unions were on the verge... 

Quebec firm plans to fill PGM supply gap by recycling catalytic converters

Constrained SA mining sector forcing contractors to seek opportunities in other parts of Africa

By: Jade Davenport     13th June 2014 South Africa’s phenomenal mineral revolution, which has its roots in the last quarter of the nineteenth century, facilitated not only the establishment and growth of the largest and most diversified mining sector in Africa, but also the emergence of a mining-related support and supply industry,... 

Constrained SA mining sector forcing contractors to seek opportunities in other parts of Africa

PTM’s Waterberg PGM discovery outshines WBJV development project

By: Henry Lazenby     12th June 2014 Canadian explorer and project developer Platinum Group Metals (PTM) on Thursday revealed a 66% increase in the estimated inferred mineral resources of the Waterberg Joint Venture (JV) discovery and neighbouring Waterberg Extension, in South Africa’s Limpopo province, to 29-million ounces of... 

PTM’s Waterberg PGM discovery outshines WBJV development project

Corruption in Canadian organisations ‘disturbingly high’ – EY survey

By: Henry Lazenby     11th June 2014 One in five Canadian executives believe that bribery and corrupt practices take place widely in the country, advisory firm EY’s latest Global Fraud Survey has found. “That's disturbingly high,” EY partner and Canadian fraud investigation and dispute services leader Mike Savage said. 

Corruption in Canadian organisations ‘disturbingly high’ – EY survey

Cliffs includes 2 Casablanca nominees in slate of 9 board candidates

By: Henry Lazenby     10th June 2014 US iron-ore and coal producer Cliffs Natural Resources on Tuesday said at least two of dissident shareholder Casablanca Capital’s proposed slate of nominees would be appointed to the company’s board after shareholders vote during its annual general meeting (AGM), scheduled for July 29. Included... 

Cliffs includes 2 Casablanca nominees in slate of 9 board candidates

Mexico-focused project developer Bacanora aims for London listing

By: Henry Lazenby     9th June 2014 TSX-V-listed project developer Bacanora Minerals, which is working to advance its Mexican borate and lithium projects, intends to list its stock on Aim in July, which is expected to be the only new mining issuer to start trading on the platform in recent months. Management of the Calgary,... 

Mexico-focused project developer Bacanora aims for London listing

Transition Metals expands known PGM mineralisation at Ontario project

By: Henry Lazenby     5th June 2014 Project generator Transition Metals this week said that a recent drilling campaign at its 50%-owned Sunday Lake project, in Ontario, had increased the known mineralisation. The Sudbury-based company on Wednesday said that the initial results from three of five holes drilled during April and May... 

Transition Metals expands known PGM mineralisation at Ontario project

KWG Resources’ RoF social media campaign garners support 

By: Henry Lazenby     4th June 2014 Ring of Fire- (RoF-) focused explorer KWG Resources this week launched a social media campaign to promote its proposed RoF bill to Ontario election candidates and voters, drawing more than 240 signatures to a petition it intends to submit to the next Ontario government. Ontarians will head to... 

KWG Resources’ RoF social media campaign garners support

Mining companies urged to add renewables to energy profiles

By: Simon Rees     3rd June 2014 In the current climate of economic headwinds, squeezed margins and stubborn overheads, mining companies continue to examine all aspects of expenditure in the hope of making savings. Energy consumption is one of the greatest costs, particularly for mining operations in remote areas with no access... 

Mining companies urged to add renewables to energy profiles

Grid storage solutions could soon become multibillion-dollar industry

By: Henry Lazenby     29th May 2014 The burgeoning North American grid energy storage market could develop into a multibillion-dollar industry in a matter of a few years, with several companies positioning themselves to vie for the handful of first-mover clients. One company potentially leading the fray is Vancouver-based American... 

Grid storage solutions could soon become multibillion-dollar industry

Focus delivers high-grade graphite for technology market

By: Henry Lazenby     27th May 2014 Emerging graphite producer Focus Graphite on Tuesday reported that bench-scale tests were able to prove that spherical graphite (SPG) produced from its Lac Knife project, in Quebec, was about 80% more efficient at reducing irreversible cycling losses in lithium-ion (Li-ion) batteries than... 

Focus delivers high-grade graphite for technology market

Largo starts feeding kiln at Maracas

By: Henry Lazenby     26th May 2014 Largo Resources on Monday reported that it had started feeding vanadium concentrate into the kiln at its Maracas vanadium project in Bahia, Brazil. The Canadian company expects to produce 7.5% of global supply of the steel-making ingredient within a year, with the market bolstered by strong... 

Largo starts feeding kiln at Maracas

DuSolo Fertilizers on fast track to Brazilian phosphate sales

By: Henry Lazenby     24th May 2014 In pursuing its strategic objective of transitioning from fertiliser explorer to producer, TSX-V-listed Brazil-focused DuSolo Fertilizers is on a fast track to production, expecting the first product to leave its flagship 75%-owned Bomfim project’s mine gate before the year is out.. Located in... 

DuSolo Fertilizers on fast track to Brazilian phosphate sales

Proactive prevention key to fighting corruption risk

By: Henry Lazenby     24th May 2014 In light of the first sentencing of an offender under Canada’s Corruption of Foreign Public Officials Act (CFPOA) on Friday, Canadian extraction companies need to heed the warning and take proactive steps to ensure their compliance with anticorruption and bribery rules to avoid finding themselves... 

Proactive prevention key to fighting corruption risk

Northern Dynasty files suit against EPA Pebble veto

By: Henry Lazenby     22nd May 2014 The discord between Canadian mining hopeful Northern Dynasty Minerals, which plans to develop the Pebble polymetallic deposit in Alaska, and the US Environmental Protection Agency (EPA), which had started a seldom-used regulatory process under the Clean Water Act (CWA) to pre-emptively veto the... 

Northern Dynasty files suit against EPA Pebble veto

Namibia Rare Earths starts PEA on Lofdal project

By: Henry Lazenby     21st May 2014 TSX-listed Namibia Rare Earths (NRE) has started work on a preliminary economic assessment (PEA) on the Area 4 heavy rare earth deposit at it flagship Lofdal project, located in north-western Namibia. South Africa-based MDM Engineering is the main consultant, tasked with compiling the report... 

Namibia Rare Earths starts PEA on Lofdal project

Largo completes Maracas commissioning, starts final kiln warm-up

By: Henry Lazenby     16th May 2014 TSX-V-listed Largo Resources on Friday announced that it had concluded commissioning of its vanadium processing plant at the Maracas project in Bahia, Brazil, and that vanadium pentoxide (V2O5) production would start as soon as the kiln had reached its design temperature. The vanadium and... 

Largo completes Maracas commissioning, starts final kiln warm-up

Mining lab focuses on Namibia

By: Carina Borralho     16th May 2014 Namibia is replete with skilled, English-speaking professionals required by the chemicals and mining industries and, as such, is proving to be an invaluable African investment for many companies worldwide, says mining laboratory services provider Tramecon. “We are very excited to see the... 

Ivanhoe shares hit by funding uncertainty for DRC copper projects

By: Henry Lazenby     15th May 2014 Africa-focused project developer Ivanhoe Mines said on Thursday that it did not have enough money to meet certain objectives at its two base metals projects in the Democratic Republic of Congo (DRC), unless it received a significant cash injection before the end of the current quarter. The... 

Ivanhoe shares hit by funding uncertainty for DRC copper projects

Karnalyte Resources announces abrupt change of CEO

By: Henry Lazenby     14th May 2014 TSX-listed potash project developer Karnalyte Resources this week announced that mining veteran Thomas Drolet had replaced Robin Phinney as president and CEO with immediate effect. Karnalyte on Tuesday said that Drolet, with 43 years of experience in Canadian and international business... 

Wynyard, Saskatchewan.
Photo by Karnalyte Resources
Wynyard, Saskatchewan.

Despite lifting output, BC mining industry revenues, earnings dip

By: Henry Lazenby     14th May 2014 Regardless of lifting the province’s total mining output in 2013, British Columbia’s mining industry continued to deal with significant headwinds in the year, resulting in sliding revenues and earnings when compared with the record year of 2011, professional services firm PwC has found in its... 

Despite lifting output, BC mining industry revenues, earnings dip

Critical Elements steps toward securing offtake partners

By: Henry Lazenby     14th May 2014 Quebec-based lithium/tantalum project developer Critical Elements on Wednesday said that it had started shipping samples of lithium concentrate to a number of users for analysis and validation of the product specifications in its efforts to secure long-term offtake partners for its flagship Rose... 

Critical Elements steps toward securing offtake partners

Geomega proves REE separation technology, says takeover talk 'speculative'

By: Henry Lazenby     14th May 2014 Montreal-based rare earth elements (REE) development company Geomega Resources on Wednesday announced conclusive benchmark results confirming that its proprietary technology can physically separate REEs from a commercial mixed concentrate. The company said that the objective of the test was to... 

Geomega proves REE separation technology, says takeover talk 'speculative'

Syncrude Canada and Iamgold recognised for sustainable mining

By: Henry Lazenby     13th May 2014 Canadian resource firms Syncrude Canada and Iamgold were on Monday recognised with the inaugural Towards Sustainable Mining (TSM) Awards at the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) awards gala, in Vancouver. Iamgold was recognised with the TSM Community Engagement Award... 

Syncrude Canada and Iamgold recognised for sustainable mining

Recent milestones sharpen Orbite's focus on project execution

By: Henry Lazenby     13th May 2014 In its effort to strengthen investor confidence, Canadian clean technology firm Orbite Aluminae this week announced the appointment of Claude Lamourex, the inaugural president and CEO of the Ontario Teachers’ Pension Plan, to become chairperson of the Orbite board of directors. Lionel Léveillé,... 

Recent milestones sharpen Orbite's focus on project execution

Two South African rare earths project developers advance studies 

By: Henry Lazenby     9th May 2014 With two separate rare earths elements (REE) projects being moved up along the value curve towards production in South Africa, the country is poised to become a significant contributor to a market that is struggling to diversify from a China-dominant supply. TSX-V-listed Great Western Minerals... 

Two South African rare earths project developers advance studies

PNG pays $113m into escrow in show of support for Nautilus project

By: Henry Lazenby     9th May 2014 TSX-listed marine mining hopeful Nautilus Minerals on Friday reported that the State of Papua new Guinea (PNG) had paid $113-million into escrow, representing the balance of the State’s 15% share of capital required to complete the Solwara 1 offshore project up to first production. At the end of... 

PNG pays $113m into escrow in show of support for Nautilus project

Renewable energy shown to rein in energy costs at off-grid mines in SA

By: Henry Lazenby     9th May 2014 A study recently published by the Sir Richard Branson-founded Carbon War Room had found that by implementing renewable energy generation solutions into mining and big-industry projects in South Africa, especially at those located off-grid, companies stand to rein in energy costs and hedge against... 

Renewable energy shown to rein in energy costs at off-grid mines in SA

Software solution tackles industry challenges

By: Jonathan Rodin     9th May 2014 Owing to a difficult and volatile economic climate, compounded by lower commodity prices, bearish forecasts, increasing costs and lower productivity, the mining industry is changing its focus from capital expenditure to operational expenditure to improve profit margins, says industrial software... 

Data management is a critical concern

9th May 2014 Managing data has become a critical concern in the minerals exploration community, according to a global survey report published by software developer Geosoft in November. The report found that there was a growing need for effective data management in the minerals exploration community to attract... 

Mining house standardises budgeting, forecasting and reporting

9th May 2014 An international mining house is taking steps to standardise its budgeting, forecasting and reporting (BFR) processes in one of its metallurgical sectors, using technology and consulting company IBM’s Cognos budget and planning tool – a solution provided by performance management company Cortell... 

FORESIGHT
IBM's Congos budget and planning tool conducts the necessary ‘what if’ planning scenarios that are critical in today's volatile mining environment
Photo by Duane Daws
FORESIGHT IBM's Congos budget and planning tool conducts the necessary ‘what if’ planning scenarios that are critical in today's volatile mining environment
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