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Henry Lazenby

Henry Lazenby

Henry Lazenby is Creamer Media Sr Deputy Editor: North America for Mining Weekly.

Tel: +27 11 622 3744 / +1 647 352 1305

Email: newsdesk@engineeringnews.co.za / henry@miningweekly.com

 

Champion Iron Ore sends off first loaded train

23rd February 2018 TSX- and ASX-listed miner Champion Iron Ore has dispatched its first loaded train of iron-ore from subsidiary Quebec Iron Ore's (QIO's) flagship Bloom Lake mine, near Fermont, Quebec. The train comprised 16 500 t of high-grade 66% iron concentrate and is destined for the Sept-Îles Port, from... 

Alberta govt accepts olive branch as BC seeks reference case on rights over oil exports

23rd February 2018 The political impasse over the much-needed expansion of crude oil export capacity from Alberta through Canada's West Coast seems to have been temporarily resolved. Alberta, which is host to the bulk of Canada's significant oil reserves, on Thursday said it would suspend a ban on the sale of... 

Finland takes top spot for mining-friendly investment

23rd February 2018 Finland has ousted Saskatchewan as the top international jurisdiction for mining investment, Canada's Fraser Institute announced on Thursday. Canada's leading independent think-tank, the Fraser Institute, administers its Annual Survey of Mining Companies and ranks jurisdictions around the world... 

Hudbay swings back into black as higher copper, zinc prices lift Q4 profit

23rd February 2018 Canadian base metals producer Hudbay Minerals has reported higher fourth-quarter earnings and sales as higher copper and zinc prices pushed the miner back into the black, the company reported on Wednesday. The TSX- and NYSE-listed miner said a 32% year-on-year rise in copper prices and 29% higher... 

Cobalt 27 buys royalty on Dumont nickel/cobalt project

23rd February 2018 Canadian cobalt investment vehicle Cobalt 27 has bought a 1.75% net smelter return royalty (NSR) on all future output of nickel and cobalt from Canadian diversified miner RNC Minerals' Dumont project, in the Abitibi region of Quebec, for $70-million. Dumont is thought to contain the world's... 

Torex ramps up ELG throughput; reports Q4 loss

23rd February 2018 TSX-listed intermediate Canadian gold producer Torex Gold has reported a net loss of $25-million, or $0.31 a share for the three months ended December, after the flagship El Limón Guajes mining complex (ELG) was forced to shutter following a road blockade. In what can very well be termed an... 

OceanaGold shares rise on record output, revenues, profit

23rd February 2018 TSX- and ASX-listed gold producer OceanaGold has reported record profit for 2017, as record output and subsequent record revenues lifted the bottom line. The Melbourne, Australia-based company reported a full-year net profit of $172-million, or $0.28 a share, up 26% year-on-year from... 

Newmont beats Q4 earnings forecast; output on par with largest gold producer Barrick

22nd February 2018 US gold miner Newmont Mining has reported market-beating earnings for the three months ended December 31, and reported production that is on par with that of leading gold producer Barrick Gold. The Denver, Colorado-based miner reported headline earnings for the fourth quarter of $216-million, or... 

Barrick guides for lower output for longer as it works to bolster production profile

22nd February 2018 Major miner Barrick Gold has outlined a lower production profile in the coming years as it focuses on developing four major new projects that are expected to lift output by about one-million ounces from 2021 onwards. The Toronto-based company expects to produce between 4.2-million and 4.6-million... 

Newmont maintains steady reserve base as resources grow

22nd February 2018 NYSE-listed US gold major Newmont Mining has replaced all the gold reserves it unearthed in 2017 and managed to grow its global resource base too, it announced on Wednesday. Gold reserves now total 68.5-million ounces for 2017, unchanged from 2016 as additions and revisions fully replaced... 

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