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Barrick Gold eyes assets, exploration as it plots new phase 

By: Bloomberg     17th November 2018 Barrick Gold, soon to become the world's largest bullion miner, is interested in adding more copper assets as long as the red metal is accompanied by bullion, executives said on Friday. Barrick, which expects to complete its $6.1-billion takeover of Randgold Resources January 1, outlined plans... 

Iamgold says growth projects robust as third-quarter output slips

By: Mariaan Webb     7th November 2018 Canada-based Iamgold has a robust pipeline of development projects and is looking to bolster its credit facility to facilitate its growth strategy, president and CEO Steve Letwin said on Tuesday, after reporting lower third-quarter production and revenue. The company, which operates mines in the... 

Epiroc has agreed to acquire Fordia Group Inc., a Canadian manufacturer of exploration drilling tools.

2nd November 2018 Fordia Group is based in Montreal, Canada, and has sales in more than 70 countries. It provides exploration drilling tools such as diamond bits, down-the-hole tools, drill rods and drill casings, as well as water treatment systems and pumps, used by mining houses and drilling contractors. Its... 

Northern Star’s Beament caps off golden year with Legend Award

1st November 2018 Northern Star Resources Executive Chairman Bill Beament has capped of a remarkable period of success for the company by being awarded the Mines and Money Legend in Mining at the International Mines and Resources Conference in Melbourne. Mr Beament joins industry luminaries such as Andrew Forrest,... 

Encana to acquire shale oil producer Newfield for $5.5bn

By: Bloomberg     1st November 2018 After years of slimming down its oil and gas holdings, Canada’s Encana is reversing course with a $5.5-billion acquisition of a US shale producer in what will be the company’s biggest-ever deal. Encana agreed to purchase Newfield Exploration, which will give it positions in the Stack and Scoop... 

Mining veteran wants to build a $1bn battery metals giant

By: Bloomberg     1st November 2018 South African mining veteran Brian Menell wants to build a battery material giant to help challenge China’s domination of the nascent industry. It’s still early days for his privately funded company, TechMet, which controls just a handful of assets from Canada to Rwanda. But he’s raising more... 

Global gold demand growing across market segments, held back by US ETF outflows

By: Marleny Arnoldi     1st November 2018 World Gold Council (WGC) member and market relations head John Mulligan says the third quarter was a strong one for the global gold industry. Although demand increased by only 1%, or 6 t, compared with the third quarter 2017, the 964 t of gold demand recorded in the third quarter was underpinned... 

New research finds developing countries’ coal miners face ‘substantial risk inequality’  

By: Tasneem Bulbulia     31st October 2018 Coal miners in developing countries are likely to be exposed to health and safety risks more often than those working in advanced economies, new research has found. Researchers from Cardiff University, funded by the Institution of Occupational Safety and Health (IOSH), have found that a lack of... 

Kirkland Lake positioned for a ‘strong finish’ to 2018

By: Creamer Media Reporter      31st October 2018 Mid-tier gold producer Kirkland Lake is positioned for a strong finish to the year, president and CEO Tony Makuch said on Tuesday, announcing another revision to the company’s production guidance for 2018. The miner, which operates in Canada and Australia, increased its full-year guidance to... 

Shot Blast Resistant Laser Marking for the Automotive Industry

By: Creamer Media Reporter      31st October 2018 Laserax’s new patent-pending process is a game changer for customers looking to achieve foolproof lean traceability Quebec City, Canada. Laserax launched its exclusive patent-pending shot blast resistant laser marking process at the 2018 Die Casting Congress & Exposition, which took place from... 

TPP-11 to give Australian resources a major boost – Minerals Council

By: Esmarie Iannucci     31st October 2018 PERTH (miningweekly.com) – The Australian government has ratified the Trans-Pacific Partnership (TPP-11) trade agreement, a move that has been welcomed by the resources sector. Australia is the sixth country to ratify the agreement, meaning it can now enter into force on December 30, with... 

Alacer gears up for Çöpler autoclave start-up

By: Mariaan Webb     30th October 2018 Turkey-focused, Canada-incorporated Alacer Gold has marked a “significant step change” in the third quarter, as its cornerstone organic growth initiative, the sulphide expansion project at its Çöpler mine, in Turkey, was brought on line and is now being prepared for first autoclave start up. In... 

US steel tariff fight stirs up a swarm of WTO litigation

By: Reuters     30th October 2018 The United States urged European Union governments on Monday to reflect on whether it was really in their interest to go ahead with a trade dispute over US metals tariffs, and said it was hopeful of settling the issue with Mexico and Canada. The US tariffs attracted an unprecedented seven... 

Epiroc affirms its automation expertise with unveiling of new Regional Application Centre

30th October 2018 Epiroc proudly introduces its new Regional Application Centre (RAC), which aligns with the OEM’s ongoing focus on meeting customers’ growing pursuit to elevate uptime, boost productivity, improve safety and shrink operating costs through the implementation of technology. Based in five key cities... 

Volatility in global base metals industry to remain, but outlook stable – Moody’s

By: Marleny Arnoldi     30th October 2018 Financial services firm Moody’s Investor Service has a stable outlook for the global base metals industry over the next 12 to 18 months, although indications are that economic growth rates may have peaked. The firm said in a release on Tuesday that synchronised economic growth rates in 2018,... 

Draft Companies Amendment Bill

By: Creamer Media Reporter      29th October 2018 The Department of Trade and Industry (“DTI”) has published the Companies Amendment Draft Bill (the “Bill”) for public comment. Interested parties may submit comments to the DTI by 20 November 2018. The Bill seeks to make amendments to Companies Act No. 71 of 2008 (the “Companies Act”). The reason... 

CRA appeals Tax Court decision that found in favour of Cameco

By: Creamer Media Reporter      26th October 2018 Uranium miner Cameco said on Friday that the Canada Revenue Agency (CRA) had appealed the September 26 Tax Court ruling, which found in favour of the miner for the 2003, 2005 and 2006 tax years. This means that it will take at least another two years before the case reaches finality. 

Yamana Gold sells Argentina mine, reports lower adjusted earnings

By: Creamer Media Reporter      26th October 2018 Canadian gold and silver miner Yamana Gold will sell its Gualcamayo mine, in San Juan, Argentina, to Colombia-based Latin American gold producer Mineros and has granted that company an option to acquire up to 51% of its La Pepa project in Chile. Yamana will receive $30-million in cash upon... 

Merged Barrick-Randgold eyes nine tier-one gold assets 

By: Mariaan Webb     26th October 2018 Gold major Barrick Gold chairperson John Thornton has urged shareholders to vote in favour of its $6.1-billion transaction with Africa-focused Randgold Resources, telling investors that the combined entity will have five of the world’s ten so-called tier-one assets and that this could be expanded... 

INDUSTRIAL SCALE

26th October 2018 South Africans are still not certain what to make of the Constitutional Court’s recent ruling regarding the private cultivation and use of dagga, or marijuana. In Canada, where medical marijuana has been allowed for almost two decades, it became legal to use the drug for recreational purposes on... 

Vale reports Q3 miss on forex, base metals

By: Reuters     25th October 2018 Brazil's Vale on Wednesday posted weaker-than-expected net income, as a weaker currency coupled with lower base metals production and prices weighed on the world's largest iron ore producer. The miner, also the world's largest nickel producer, reported $1.408-billion in third-quarter net income,... 

Agnico Eagle hikes 2018 production guidance

By: Mariaan Webb     25th October 2018 Canadian gold major Agnico Eagle has again increased its gold guidance for 2018, adding another 200 000 oz to its production target for the year, following a strong operational third quarter. The NYSE- and TSX-listed miner now expects to produce 1.60-million ounces in 2018, up from its... 

Zijin’s bid for Nevsun jumps two regulatory hurdles

By: Creamer Media Reporter      24th October 2018 The $1.41-billion friendly takeover of Nevsun by Zijin Ming has cleared two regulatory hurdles – one in China and the other in Canada. The Canadian firm, which has assets in Serbia and Eritrea, reported on Wednesday that the takeover had received approval from China’s National Development and... 

SA HIPPO submersible slurry pump enters the USA steel manufacturing market.

By: Creamer Media Reporter      23rd October 2018 After participating in the CIM 2018 held in Vancouver, Canada, HAZLETON PUMPS was requested to visit one of the largest steel manufacturers in Ohio, USA; being Timken Steel. Timken Steel applies their metallurgical and production expertise to manufacture high-performance seamless mechanical tube... 

De Beers’ rough diamond production down 5% in Q3

By: Nadine James     23rd October 2018 De Beers Group on Tuesday reported that its rough diamond production had decreased by 5% to 8.7-million carats in the third quarter ended September 30, owing to planned volume reductions in Botswana and South Africa. In Botswana, production declined by 6% to 5.7-million carats owing to the... 

Quebec asbestos tailings recycler receives federal funding

By: Mariaan Webb     19th October 2018 Privately-owned Alliance Magnesium has received C$12-million in funding from the federal government to support the second phase of demonstrating its technology to extract magnesium from asbestos tailings. The announcement by International Development Minister Marie-Claude Bibeau on Friday comes... 

Clash over Trump tariffs heats up with barrage of WTO litigation

By: Reuters     19th October 2018 Disputes over US tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signalling an escalation in global trade tensions. The agenda for an Oct. 29 meeting of the WTO's dispute settlement body on Friday confirmed the legal moves,... 

China's Shandong Zhaojin seeks South American mining assets

By: Reuters     19th October 2018 Shandong Zhaojin Group, one of China's biggest gold miners, is scouring assets in South America as it looks to invest in its first overseas mining project, its general manager said on Friday. The company has set up a representative office in Machala, capital of Ecuador's El Oro province,... 

Gold merger will create industry 'superpower'

By: Rebecca Campbell     19th October 2018 The merger between Barrick Gold (domiciled in Canada and dual-listed on the New York and Toronto stock exchanges) and Randgold Resources (domiciled in Jersey and dual-listed on the London and Nasdaq stock exchanges), announced last month and still awaiting shareholder and regulatory approvals,... 

Asbestos mining residues exempt from final Canada asbestos ban

By: Mariaan Webb     19th October 2018 Canadian Environment and Climate Change Minister Catherine McKenna has announced final regulations that will ban asbestos and products containing it by the end of this year, but concern has been expressed over the decision to exempt asbestos-mining residues. RightOnCanada founder Kathleen Ruff... 

Paladin revenue drops sharply as Namibia mine shuts down

By: Esmarie Iannucci     19th October 2018 ASX- and TSX-listed Paladin Energy has reported $6.6-million in revenue for the quarter ended December, from the sale of 267 423 lb of uranium oxide (U3O8). The quarterly sales results compared with the $23.6-million in revenue generated from the sale of 1.14-million lb U3O8 in the previous... 

University hosts Africa’s first virtual reality press conference

By: Natasha Odendaal     19th October 2018 As Singularity University (SU) works to prepare global leaders and organisations for the future, it has showcased Africa’s first virtual reality (VR) conference, hosting SU leaders from around the world to discuss, in real-time, SU’s global vision and how to future-proof Africa. While SU global’s... 

Zambia's finance minister says new mining taxes will not hit operations

By: Reuters     18th October 2018 Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes in Africa's No.2 copper producer, its finance minister said on Wednesday. Zambia plans to introduce new mining duties, replace Value Added Tax with sales tax and increase... 

Hudbay investor is said to seek changes to miner's board

By: Bloomberg     17th October 2018 An investor in Hudbay Minerals wants to meet with the Toronto miner to discuss replacing members of its board, as well as to seek assurances it won’t pursue acquisitions or joint venture without consulting shareholders, according to a person familiar with the matter. Waterton Global Resource... 

Microplastics are everywhere

16th October 2018 Science shows us that increasingly we are surrounded by tiny fragments of plastic, known as microplastics. They are not just in the oceans but also on land, in rivers, wetlands, soil and even in the air. A problem this pervasive will take a concerted effort from governments, businesses,... 

Rio Tinto copper output jumps; iron-ore, aluminium production slip

By: Esmarie Iannucci     16th October 2018 Diversified major Rio Tinto has reported lower production across nearly all its commodities, besides copper, in the three months to September. “We have delivered consistent operational performance in the third quarter, highlighted by strong production from the group’s copper assets,” Rio CEO... 

Centerra sells Mongolia mine and project for $35m

By: Mariaan Webb     15th October 2018 Canada-based Centerra Gold has sold its Mongolian business unit to private equity firm OZD Asia for $35-million, in a move that CEO Scott Perry describes as a portfolio enhancement. The company’s Mongolia assets include the Boroo mine and processing plant, as well as the Gatsuurt project. 

Chile environmental court orders Barrick to close Pascua-Lama gold mine

By: Reuters     15th October 2018 Chile's environmental court on Friday ordered Canada's Barrick Gold to definitively close the Chilean side of its stalled Pascua-Lama mining project, a final procedural step that draws a line under a long-running saga. The court, sitting in the northern Chilean city of Antofagasta, approved by... 

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