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Freeport collects export permit after Pence visit

By: Reuters     Updated 3 hours ago Freeport McMoRan collected a permit to resume copper exports from Indonesia on Friday after a hiatus of more than three months, hours after a state visit by US Vice President Mike Pence, who discussed the copper miner's dispute with Jakarta. Indonesia's Trade Ministry issued Freeport with a... 

Chamberlain chosen as LME chief with mandate to reform

By: Reuters     22nd April 2017 Matt Chamberlain was named London Metal Exchange (LME) chief executive on Friday, with a mandate from its owner the Hong Kong bourse to reform the world's largest and oldest metals market. Chamberlain, 35, had been acting CEO since January, when a combination of falling trading volumes and a... 

Conflict-free cobalt to remain industry question, opportunity as DRC dominates supply

By: Henry Lazenby     22nd April 2017 Sourcing conflict-free cobalt for application in new technologies, such as lithium-ion batteries, will remain both a concern and an opportunity for manufacturers for years to come, as production is dominated by the politically unstable Democratic Republic of Congo (DRC). The Central African... 

South Africa's Sibanye declares war on illegal gold miners

By: Reuters     21st April 2017 Illegal gold mining has plagued South Africa's mining companies for decades, robbing the industry and state coffers of billions of rand through smalltime pilfering as well as networks run by organised crime. Now, with unmined output dwindling and proving more diff cult to extract, one firm has... 

BMI expects gradual price recovery for industrial metals

By: Megan van Wyngaardt     21st April 2017 Since bottoming out in early 2016 and staging an impressive, albeit largely speculative, rally over the past year and a half, industrial metals will experience a gradual price recovery over the coming years, as improving fundamentals support a stabilisation, rather than rebound, in prices,... 

Oz hikes Carrapateena budget to A$90m

By: Esmarie Swanepoel     21st April 2017 Copper and gold miner Oz Minerals has further cemented its plans for the Carrapateena copper/gold project, in Western Australia, increasing the project’s current budget to A$90-million. At the end of March, some A$53-million had already been spent, with a further A$37-million to be spent on... 

On-The-Air (21/04/2017) 

By: Martin Creamer     21st April 2017 A new gold project being fast-tracked following the successful raising of capital in London and Johannesburg; A new aspirant mining champion has stepped up to the plate with a R2.3-billion debut deal and Money is being raised to revive a once thriving copper-mining area in the Northern Cape. 

Las Bambas proves a winner for MMG

By: Esmarie Swanepoel     21st April 2017 The Las Bambas operation, in Peru, has set a new copper production record for base metals miner MMG, with production in the March quarter reaching 111 314 t. The March quarter production was a 6% improvement on the fourth quarter of 2016, and has delivered its third consecutive quarter of... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can be no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012, that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, compared with India’s 7.6%,... 

Strongbow’s South Crofty to revive age-old tin mining tradition in Cornwall 

By: Henry Lazenby     21st April 2017 Bolstered by strengthening tin prices and improving fundamental support in the long term, Canadian mineral exploration firm Strongbow Exploration is set to revive a mining tradition in England’s county of Cornwall, that reaches back thousands of years to the early Bronze Age. The company’s... 

Pence discusses barriers to US companies with Indonesian President

By: Reuters     21st April 2017 US Vice President Mike Pence said on Friday he discussed with Indonesian President Joko Widodo barriers to US companies operating in Southeast Asia's largest economy. Pence arrived in Jakarta late on Wednesday to boost a strategic partnership between the world's second- and third-largest... 

Despite adverse weather, Vale reports Q1 iron-ore record

By: Henry Lazenby     21st April 2017 The world’s largest iron-ore producer Vale has lifted production of the steel-making ingredient to a new record high in the first quarter ended March, touching 86.2-million tonnes despite inclement weather. The diversified miner boosted iron-ore output by 11.2% over the comparable quarter of... 

Clamp an effective cable-theft solution

By: Robyn Wilkinson     21st April 2017 Industrial equipment supplier Banding and Identification Solutions Africa is seeing a rise in demand from the electric power sector for its Ultra-Lok open-end clamp, owing to cable theft causing substantial disruptions in South Africa’s power supply. 

More than half a million rand worth of copper recovered in Tshwane

By: African News Agency      20th April 2017 The newly established anti-cable theft unit arrested 12 suspected cable thieves and recovered several tons of copper valued at more than half a million rand over the Easter weekend, Tshwane Executive Mayor Solly Msimanga said on Thursday. He said the weekend arrests were in addition to 67 other... 

Capricorn copper mine to reopen in October

By: Esmarie Swanepoel     20th April 2017 The Queensland government has granted the A$152-million Capricorn copper mine, near Mount Isa, prescribed status in order to assist in the restart of operations. The Capricorn mine, which was previously known as Mt Gordon, was sold to privately held Lighthouse Minerals and its joint venture (JV)... 

Rio Tinto iron-ore, coal production hit by heavy rains

By: Esmarie Swanepoel     20th April 2017 Diversified giant Rio Tinto has seen production decline across its asset portfolio, as the Western Australia and Queensland operations were impacted by wet weather conditions during the three months to March. Iron-ore production from the Pilbara operations declined by 10% compared with the... 

Peru's Southern Copper workers mark ten days on strike

By: Reuters     20th April 2017 Workers at mining company Southern Copper in Peru completed their tenth day of an indefinite strike on Wednesday, though the company said it had not significantly impacted output. Jorge Campos, the secretary general of the Unified Union of Workers of Southern Copper, said some 3 000 workers have... 

Turquoise Hill output falls on lower grades

By: Henry Lazenby     20th April 2017 Rio Tinto subsidiary Turquoise Hill Resources has reported a 23% drop in concentrate production at the Oyu Tolgoi copper/gold mine, in Mongolia, as it processed lower grades from phases 6 and early 4A of the openpit, as well as stockpile material, during the three months ended March. Concentrate... 

Oz goes on the hunt in Mexico

By: Esmarie Swanepoel     19th April 2017 Copper-gold miner Oz Minerals has entered into a new exploration agreement in Southern Mexico, targeting three newly identified high base metal prospects. “The sites we are targeting have potential for shallow, high-value per tonne, volcanic-hosted massive sulphide (VHMS) deposits. VHMS deposits... 

Radio Hill costs lower than expected – Artemis

By: Esmarie Swanepoel     19th April 2017 An independent review into the newly acquired Radio Hill copper/nickel/cobalt project, in Western Australia, has revealed that the estimated cost to refurbish the existing plant to operational readiness would be some A$4.6-million. A further A$650 000 will be required to install a gravity... 

New management team to expand Aury’s African footprint

     19th April 2017 Aury Africa aims to become a leading manufacturer and supplier of high-performance mineral-processing equipment to the African mining industry by 2022. This is the vision of the company’s new management team, led by Director Sydney Parkhouse. Key to the ongoing success of the Original Equipment... 

Americas Silver gains momentum in transition to low-cost producer by 2018

By: Henry Lazenby     19th April 2017 Bolstered by improving silver and base metals prices, junior miner Americas Silver is in the home stretch to deliver on a four-year turnaround strategy at its two operating mining complexes in Sinaloa state, Mexico and Idaho, in the US. “We have a lot of intrinsic value that’s about to be... 

Freeport Indonesia has initial approval to resume copper exports – spokesperson

By: Reuters     18th April 2017 Freeport McMoRan has received preliminary approval to resume copper concentrate exports from its Indonesian operation and hopes to lodge an application for an export permit this week, a company spokesperson said. Indonesia halted Freeport's copper concentrate exports in January under new rules... 

Mining majors' shares pull back as iron, copper prices retreat

By: Henry Lazenby     18th April 2017 Major miners saw their respective stocks pull back on Tuesday on the back of weaker iron-ore and base metals prices, despite the latest Chinese economic data showing better-than-expected growth in the first quarter of 2017. Major miners traded in the red on Tuesday, including the world’s largest... 

Concentrator closed after supervisor killed at Codelco’s Salvador mine, Chile

By: Henry Lazenby     18th April 2017 A supervisor has died at Codelco’s Salvador mine, in Chile, following an accident at the flotation plant, the company reported Tuesday. The Chilean State-owned miner said its Salvador division immediately shut down the concentrator plan and started “rigorous” procedures such as informing the... 

Gem Diamonds appoints new chairperson

By: Mia Breytenbach     18th April 2017 Aim-listed Gem Diamonds has appointed Harry Kenyon-Slaney as its chairperson and an independent nonexecutive director, effective after June 6, succeeding Roger Davis, who will be stepping down. "I am delighted to be handing the chairmanship on to Kenyon-Slaney whose experience, knowledge and... 

Rare resources discovered in Queensland

By: Esmarie Swanepoel     18th April 2017 Queensland could likely play host to a number of rare minerals, as geologists have unearthed evidence suggesting the presence of platinum and gold as well as rare earth elements (REE). “This may be a whole new frontier for Queensland,” Natural Resources and Mines Minister Dr Anthony Lynham said... 

Noront, Marten Falls First Nation ink exploration and project advancement agreement

By: Henry Lazenby     14th April 2017 The largest landholder in the so-called Ring of Fire, an emerging base and precious metals mining camp in Northern Ontario, has signed an exploration and project advancement agreement with the Marten Falls First Nation (MFFN). The accord stipulates compensation for work already completed on... 

Sierra Metals lifts Bolivar, Cusi resources

By: Henry Lazenby     13th April 2017 Toronto- and Lima-listed Sierra Metals has updated the compliant resources and reserves for both its Bolivar and Cusi copper mines, in Mexico’s Chihuahua state. At Bolivar, the Toronto-based miner reported a new probable reserve of 4.3-million tonnes grading 1.18% copper equivalent comprising... 

Codelco awards design contract for eighth phase of Talabre tailings expansion to SNC-Lavalin

By: Henry Lazenby     13th April 2017 TSX-listed engineering and construction group SNC-Lavalin has been awarded a contract by Corporación Nacional del Cobre de Chile (Codelco), one of the largest copper producers in the world, to provide detailed design services for the Talabre tailings expansion Phase VIII project, located in the... 

Taseko output rises somewhat while molybdenum prices gain traction

By: Henry Lazenby     13th April 2017 British Columbia-based base metals producer Taseko Mines has produced 41.3-million pounds of copper and 900 000 lb of molybdenum during the first quarter ended March, which was marginally higher than the fourth quarter, but benefitted from continued relative copper price strength and a molybdenum... 

Chile to produce less than 5.6m tonnes of copper in 2017 – Cochilco

By: Reuters     13th April 2017 State copper commission Cochilco forecast on Thursday that Chile would produce slightly less than 5.6-million tonnes of copper in 2017, down from a previous forecast of 5.79-million, due largely to a strike at BHP Billiton's Escondida mine. The walkoff at Escondida, where workers downed tools... 

Scotiabank’s commodity price index gains 2.2% in February

By: Creamer Media Reporter      13th April 2017 The Scotiabank Commodity Price Index gained 2.2% month-over-month in February as industrial commodities continue to benefit from healthy demand on the back of a stronger global economic outlook, while supply-side idiosyncrasies continue to provide opportunity for differentiation, the banking... 

Codelco says output at Chuqui copper mine unaffected by labour action

By: Reuters     12th April 2017 Access to the large Chuquicamata copper mine in Chile was blocked Wednesday by workers from one of its unions, in what the union said was a "warning" over company plans to alter the mine's occupational structure. Mine owner Codelco said that output had been unaffected so far as workers from... 

Labour action threatens Chile's Chuquicamata copper mine

By: Reuters     12th April 2017 Chile, the world's biggest copper producer, faced a fresh threat of labour action in the sector on Wednesday when a union at the large Chuquicamata mine said it had blocked access as a "warning" over planned changes to job opportunities. Mine owner Codelco said the union's action, which affected... 

Decreasing fibre installation costs

     12th April 2017 South Africa is currently experiencing phenomenal activity in the roll-out of fibre optic cables.  While no-one disputes that the installation of fibre presents tremendous opportunities, the question being asked is how will this demanding initiative affect consumers’ Internet connection costs?... 

Funding under way for revival of old Prieska zinc-copper potential

By: Martin Creamer     12th April 2017 Funding efforts aimed at reviving the old Northern Cape mining area endowed with significant zinc and copper potential are gaining momentum. Acknowledged as the host of one of world’s most noteworthy volcanogenic massive sulphide (VMS) base metal deposits, the Prieska area has a well-recorded... 

Rio ponders future in Indonesia's Grasberg copper mine

By: Reuters     12th April 2017 Diversified miner Rio Tinto said on Wednesday it was continuing talks on the long-term future of its stake in the Grasberg copper mine in Indonesia and one of its top executives would visit the country for talks over the coming weeks. Mine operator Freeport McMoRan's exports of copper concentrate... 

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