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Project Management News

Q1 completion target for Kalagadi Manganese rail siding

By: Martin Creamer     3rd December 2013 The railway siding for the Kalagadi Manganese mine near Hotazel in the Northern Cape is scheduled for completion in the first quarter (Q1) of 2014. President Jacob Zuma last Friday launched the sinter plant for Kalagadi Manganese, a black economic empowerment company headed by Daphne... 

Growing need for multiskilled geologists, says Venmyn Deloitte

By: Pimani Baloyi     29th November 2013 There is a growing need for multi-dimensional and multi-skilled young geologists in South Africa, says Venmyn Deloitte director Neil Mc Kenna. He tells Mining Weekly that local universities need to rise to the challenge by producing multi-skilled graduates who can develop the industry. 

Orocobre lowers, completes A$30m placement

By: Henry Lazenby     28th November 2013 ASX- and TSX-listed Orocobre on Thursday said it had decided to not allocate shares to Canadian applicants under its A$37-million placement on the ASX, which had reduced the placement to A$30-million. Orocobre explained its action was owing to a potential four-month trading restriction... 

Orocobre lowers, completes A$30m placement

Former Ontario Cabinet Minister joins Pele Mountain board

By: Henry Lazenby     28th November 2013 Rare earths and uranium project developer Pele Mountain Resources had appointed former Ontario Cabinet Minister John Wilkinson to its board. Wilkinson had served as a Minister in the Ontario government from 2007 to 2011. 

Elliot Lake
Photo by Pele Mountain Resources
Elliot Lake

South Africa’s mining sector a ‘sunrise industry’ – Motlanthe

By: Henry Lazenby     27th November 2013 Despite some of South Africa’s mining sector critics pointing out the negatives, South African Deputy President Kgalema Motlanthe, who is on an official State visit to Canada, on Tuesday conversely endeavoured to lift out the positives, saying a lot of progress had been made in transforming the... 

South Africa’s Deputy President Kgalema Motlanthe
Photo by Duane Daws
South Africa’s Deputy President Kgalema Motlanthe

SA seeks closer Canadian ties as overhaul of mining sector continues

By: Simon Rees     27th November 2013 The South African government is keen to foster closer ties with Canada’s mining industry and to attract Canadian expertise, two top government officials told audience members at the Canada-Southern Africa Chamber of Business on November 26. The country is also committed to continue improving its... 

SA seeks closer Canadian ties as overhaul of mining sector continues

Energizer launches C$8.6m private placement

By: Henry Lazenby     22nd November 2013 Madagascar-focused graphite project developer Energizer Resources this week said that it had engaged an agent to conduct two placements to raise up to C$8.6-million. The company, which is developing the Molo graphite project, said it had arranged a brokered private placement with GMP Securities... 

Augusta’s stocks recover some value after scare selloff

By: Henry Lazenby     22nd November 2013 The TSX-listed stock of Augusta Resources on Thursday regained 92.06% in value after the stock on Wednesday collapsed, dropping from C$1.69 to C$0.63 in half an hour after a leaked letter from the Environmental Protection Agency (EPA) surfaced. A nongovernmental organiation published a letter... 

Finnish steelmaker launches North American operations

By: Henry Lazenby     19th November 2013 Finnish steelmaker Ruukki on Tuesday opened a US headquarters in Pittsburgh, Pennsylvania, and a new Canadian headquarters in Toronto, as it expands in North America. Kevin Kale, who the company said has 17 years of experience in the steel industry, would head the Ruukki office in Pittsburgh,... 

Canada Lithium achieves first continuous lithium carbonate production

By: Henry Lazenby     18th November 2013 Canada Lithium on Monday announced that it had for the first time achieved continuous lithium carbonate production, as commissioning proceeded through the latter stages at the company's openpit mine and processing plant near Val d'Or, Quebec. Despite the TSX-listed company having previously... 

Thompson Creek swings to Q3 profit on improved molybdenum demand

By: Henry Lazenby     13th November 2013 North American base metals producer Thompson Creek Metals, which mainly produces molybdenum from mines in Canada and the US, had swung to profit in the three months ended September 30, as demand for molybdenum rose slightly. Net income for the period totalled $13.8-million, or $0.06 a share,... 

GWMG nearly triples compliant resources

By: Henry Lazenby     12th November 2013 Saskatoon, Saskatchewan-based Great Western Minerals Group (GWMG) on Tuesday said it had nearly tripled the overall resources at its flagship Steenkampskraal rare-earth elements (REE) project, in South Africa’s Northern Cape province. The aspiring fully integrated TSX-V-listed REE-based metals... 

Molycorp widens loss, sees a flicker of market improvement

By: Henry Lazenby     8th November 2013 North America’s only rare earth elements producer Molycorp, which operates its flagship Mountain Pass mine, in California, had widened its third-quarter loss as revenue dwindled year-on-year on lower sales and prices. For the three months ended September 30, Molycorp reported a loss of... 

Infrastructure development a key challenge facing sustainable mining

By: David Oliveira     8th November 2013 The lack of infrastructure in Africa makes it a challenging environment for the safe implementation of mining projects, as vast levels of infrastructure are needed to construct and sustain new operating mining facilities, says mining and metals industry engineering, procurement, construction and... 

Solid Resources on fast track with GlencoreXstrata team up

By: Simon Rees     5th November 2013 Among the many blows experienced by the juniors over 2013 has been the seizing up of majors looking into their sector for cooperative deals, joint ventures (JVs) or mergers and acquisitions. So when a junior announces a mutually beneficial agreement it certainly warrants closer inspection. For... 

China’s potential REE exports capping to have no short-term effect

By: Henry Lazenby     1st November 2013 Should the world’s largest rare earth elements (REE) producer China proceed to cap its exports within the next five years, it would probably not have a significant knock-on effect in the current global market, critical REE project developer Frontier Rare Earths CEO James Kenny told Mining Weekly... 

Miners urged to modernise CSR communications

By: Simon Rees     1st November 2013 Mining companies that fail to engage with social media or other online platforms face the risk of increased criticism, scrutiny and protest by opposition groups, speakers told delegates at the Risk Mitigation & CSR Seminar in Toronto on October 17. Many companies are also failing to successfully... 

More testing, cash needed to prepare South Korean tungsten project

By: Henry Lazenby     30th October 2013 The Sangdong tungsten project, which TSX-V-listed Woulfe Mining is developing in South Korea, will require considerable additional test work to bring it to proper commercial and financial preparedness. The company, which announced the appointment of three new board members on Wednesday, reported... 

Stonegate Agricom announces $60m equipment loan

By: Henry Lazenby     28th October 2013 TSX-listed Stonegate Agricom, which is developing the Paris Hills phosphate project in Bear Lake County, Idaho, on Monday announced that it had given financing major Macquarie an exclusive mandate to act as lead arranger for arranging, underwriting and syndicating an equipment leasing facility... 

Canada Lithium shares slide after launching $12.5m offering

By: Henry Lazenby     22nd October 2013 Toronto-based project developer Canada Lithium’s shares on Tuesday took an early morning beating on the TSX after the company announced a C$12.5-million bought deal financing. Just after the morning bell rang, the company’s stock plunged C$0.10 a share to trade 21% below its Monday closing price... 

Largo Resources connects Brazilian vanadium project to national grid

By: Henry Lazenby     22nd October 2013 TSX-V-listed Largo Resources this week announced that Maracás vanadium project, in Bahia, Brazil, was now connected with an 11 MW, 86 km electrical power line to the national grid. Largo said now that the main power line was complete, commissioning of the crushing system would start shortly, as... 

Fewer junior miners in BC could help spur sector

By: Henry Lazenby     17th October 2013 Having fewer junior firms in British Columbia’s mining sector could help to breathe new life into an ailing industry segment, a group of 15 senior executives told a study commissioned by the British Columbia Securities Commission (BCSC). The report compiled by professional services firm KPMG and... 

Molycorp warns market of possible negative Q3 cash flow, shares dive

By: Henry Lazenby     15th October 2013 US-based rare-earth elements producer Molycorp on Tuesday warned that its expected third-quarter cash-flow requirements might be insufficient to meet its capital expansion and operating expenditures at its flagship Mountain Pass mine, in California, prompting it to announce a $200-million stock... 

Frontier's prefeas delayed for testing, process improvements

By: Henry Lazenby     12th October 2013 TSX-listed Frontier Rare Earths, which is developing the Zandkopsdrift rare earth element (REE) project in South Africa’s Northern Cape province, on Friday said it expected to release results of its prefeasibility study (PFS) early in 2014, after it had determined more test work was necessary to... 

Molycorp names next president and CEO

By: Henry Lazenby     8th October 2013 US-based rare earth elements producer Molycorp on Tuesday named 14-year rare earth industry veteran and COO Geoff Bedford as its new president and CEO effective from December 2, to replace Constantine Karayannopoulos who was appointed interim president and CEO in December 2012. Bedford (47)... 

Boart Longyear focused on weathering cyclic storm, building on lessons learnt

By: Henry Lazenby     8th October 2013 The world’s largest drilling company, Boart Longyear, has positioned itself to weather the difficult markets and emerge a leaner, more efficient company that had taken to heart lessons learnt in its recent overleveraged past. CEO Richard O’Brien said the company was now positioned to perform... 

Canada Lithium commissioning proceeds in pace with revised schedule

By: Henry Lazenby     4th October 2013 Quebec-focused lithium project developer Canada Lithium on Friday said commissioning activities at its flagship Quebec lithium mine and plant were proceeding according to its revised schedule, and that the company was on track to restart product shipments to Tewoo, in China, at the end of the... 

Grasp of complexities of mining projects key to benefiting from rising commodities demand

By: Chantelle Kotze     4th October 2013 The African mining industry, which is full of opportunity, will need to learn how to manage the complexities of establishing mining projects if it is set to reap the benefits of the new demand profile for commodities, says professional audit, tax and advisory firm KPMG global mining leader for... 

Deloitte outlines five steps miners must take to ensure success

4th October 2013 In a report, titled ‘Tough choices facing the South African Mining Industry’, professional services firm Deloitte’s strategic consulting arm Monitor Deloitte indicates that mining executives need to think strategically about attracting and developing key skills, raising and allocating capital and... 

Northcliff secures financing partner for New Brunswick project

By: Henry Lazenby     3rd October 2013 New Brunswick-focused tungsten/molybdenum project developer Northcliff Resources has secured a partial financing partner for its Sisson project in the province. New Zealand-based Todd Minerals has agreed to invest up to $39-million in funding in exchange for a direct interest in the project. 

Molycorp shares jump as it completes chloralkali plant

By: Henry Lazenby     2nd October 2013 The NYSE-listed shares of North American rare earths producer Molycorp jumped 13%on Wednesday morning after the company announced that construction of its chloralkali plant at its flagship Mountain Pass operation, in California, is complete. The chloralkali plant would recycle wastewater and... 

Dundee invests in American Vanadium

By: Henry Lazenby     1st October 2013 Diverse holding company Dundee Corp on Tuesday said it had bought six-million units of American Vanadium at a price of $0.50 apiece through a private placement. Each unit in the $3-million investment comprised one American Vanadium common share, half a warrant exercisable at $0.60 and half a... 

Opportunity beckons for Portugal-focused Blackheath

By: Simon Rees     1st October 2013 Tungsten’s performance over the past several months might not be the stuff of excitement, but compared with many other metals becalmed in the pricing doldrums, it has at least been workmanlike. For example, ferro-tungsten stood at $47.50/kg effective September 24, down by $1 from the... 

Mercator accelerates strategic review that could result in outright sale

By: Henry Lazenby     30th September 2013 Base metals miner Mercator Minerals is advancing and accelerating a strategic review that will consider an outright sale of the company, a business combination, or a sale of all, or a portion of, its assets, in light of the current commodity price environment, capital market conditions and the... 

Northern Graphite develops proprietary purification technology

By: Henry Lazenby     30th September 2013 Project developer Northern Graphite has developed a proprietary process for purifying concentrates from its Bissett Creek project and has consistently and economically achieved graphite purity levels of 99.95% and higher in independent laboratory and bench scale testing. High-purity graphite is... 

Northern Graphite updates feasibility study for Ontario flagship

By: Henry Lazenby     24th September 2013 Graphite junior Northern Graphite this week updated the economics of its bankable feasibility study for the Bissett Creek project, saying a significant resource increase and lower costs more than offset the low current graphite price. The updated results were based on a 49% larger probable... 

Critical Elements optimises tantalum recovery from Quebec flagship

By: Henry Lazenby     23rd September 2013 Quebec-based project developer Critical Elements on Monday said a metallurgy optimisation programme for its flagship Rose lithium/tantalite deposit, in James Bay, Quebec, had resulted in significant tantalite recoveries that could “dramatically” increase the project’s expected tantalum output.... 

Prices could jump if rumour of Chinese rare earths buying is true

By: Henry Lazenby     17th September 2013 Rare earths prices could jump if a rumour that China’s State Reserve Bureau (SRB) plans to start buying these critical metals soon is true, prompting shares of US rare earths producer Molycorp to rise $0.40 apiece in Tuesday morning on the NYSE. The China Securities Journal was quoted by the... 

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