R/€ = 15.18 Change: -0.09
R/$ = 13.04 Change: -0.12
Au 1250.17 $/oz Change: -5.00
Pt 928.50 $/oz Change: -3.50

Henry Lazenby

Henry Lazenby

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

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

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Trevali on target with African asset acquisitions as zinc output rises

25th July 2017 Trevali Mining's addition of two new African mines paid off in the zinc producer's pro-forma second-quarter results, which showed that 63% of the company's zinc-equivalent payable pounds were contributed from Rosh Pinah (Namibia) and Perkoa (Burkina Faso). Trevali is acquiring both assets from... 

Largo, lender agree in principle to restructure debt

25th July 2017 Vanadium producer Largo resources has reached an agreement in principle with its lender Banco Pine to convert and restructure about $33-million of debt facilities, the company said on Monday. The Toronto-headquartered miner advised that its subsidiary, Vanádio de Maracás, signed a non-binding... 

Mirasol finds three new large-scale base metal targets on expanded claim holdings

25th July 2017 Junior explorer Mirasol Resources has discovered three large-scale porphyry copper/molybdenum/gold targets, also expanding its claim holdings, at the 100%-owned Rubi project, next to the giant El Salvador copper mining district, in northern Chile. Mirasol recently completed field evaluation and... 

Acacia gets almost $200bn adjusted Tanzanian tax assessments

24th July 2017 The Tanzania Revenue Authority (TRA) has issued two Acacia Mining subsidiaries with adjusted tax assessments totalling nearly $200-billion in alleged unpaid taxes, penalties and interest owed. This is the latest blow to the operator, whose first-half performance this year was severely impacted by... 

Alacer completes Turkish Lira hedging contracts; eyes Çöpler capex saving

21st July 2017 Turkey-focused miner Alacer Gold has completed foreign currency forward sales contracts to limit its exposure to the volatility of the Turkish Lira (TRY), the company announced on Friday. Alacer, which operates and owns an 80%-stake in the country’s Çöpler mine, said the hedging programme covers... 

NexGen closes $110m financing, appoints new board member

21st July 2017 Uranium explorer NexGen Energy has successfully closed a $110-million financing with Hong Kong-based CEF Holdings (CEF) and affiliates of its shareholders, comprising $50-million in common shares and a $60-million principal amount of unsecured convertible debentures.  Under the terms of the... 

Atlantic Gold updates Fifteen Mile Stream, Cochrane Hill resource estimates

21st July 2017 TSX-V-listed Atlantic Gold has updated the compliant mineral resource estimates for its 100%-owned Fifteen Mile Stream and Cochrane Hill gold deposits, Nova Scotia. The company has in June completed resource definition drilling programmes on 25 m x 20 m centres with the objective of upgrading... 

Prophecy picks-up fourth vanadium play this year

21st July 2017 Canadian project developer Prophecy Development Corp has agreed to acquire rights to a fourth vanadium project – its second this month. The Vancouver-based project developer has entered a binding letter of agreement with Fairmont Resources to acquire the fully permitted Buttercup... 

Paladin teeters on the brink of receivership

21st July 2017 Australian uranium player Paladin Energy is on the brink of receivership as its debts outweigh potential revenues. The ASX-listed miner, which will be stripped of its TSX listing on August 10, for failure to meet the exchange’s ongoing listing requirements, said on Friday that it had received an... 

Oil, chemical weakness force IHS materials price index lower

21st July 2017 The materials price index (MPI) from Global Insight by IHS Markit fell 0.7% last week, driven by weakness in the oil and chemicals sectors, the firm announced on Thursday. It was the MPI’s first decline since the middle of June, as weakness in oil, down 1.5%, and chemicals, down 3.9%, pulled the... 

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