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Mexico mining-union head turned senator reviewing contracts

By: Bloomberg     Updated 5 hours ago Mexican mining-union leader and newly installed Senator Napoleon Gomez Urrutia is ready to take on companies that he says don’t pay enough taxes, pollute the environment and enjoy concessions he deems are too long. Mining shares tumbled. An old foe of Grupo Mexico, Gomez Urrutia is reviewing... 

McEwen output tops guidance

By: Mariaan Webb     15th January 2019 NYSE- and TSX-listed gold miner McEwen Mining reported on Tuesday that its 2018 production had topped its guidance, with gold equivalent output (GE) rising to 175 561 oz, comprising 135 124 oz of gold and 3.03-million ounces of silver. The production compares with 152 329 oz of GE in 2017, and... 

Alamos lifts FY18 output by 18% y/y

By: Tasneem Bulbulia     15th January 2019 Alamos Gold produced 505 000 oz of gold in 2018, meeting its guidance and marking an 18% year-on-year increase. “This was driven by strong performances from Mulatos [,in Mexico] and Island Gold [,in Canada], the latter setting a new record for production and continuing to demonstrate strong... 

Goldcorp achieves 2018 production guidance

By: Tasneem Bulbulia     14th January 2019 Vancouver-headquartered Goldcorp, which on Monday announced a $10-billion merger with gold major Newmont, produced 630 000 oz of gold in the fourth quarter of 2018, a 25% increase from the third quarter of 2018, and exceeding its previously stated guidance. Production for the year ended 2018 was... 

Capstone delivers on FY18 copper output guidance

By: Simone Liedtke     11th January 2019 TSX-listed Capstone Mining produced 155.2-million pounds of copper in 2018, in line with expectations, and has set its 2019 output guidance at between 145-million and 160-million pounds of copper at a C1 cash cost of between $1.80/lb and $2/lb. During this year, the Canadian base metals miner... 

Endeavour Silver delivers solid FY18 silver, gold production

By: Marleny Arnoldi     11th January 2019 TSX- and NYSE-listed Endeavour Silver Corporation has reported consolidated silver production of 5.5-million ounces and gold production of 52 967 oz of gold for 2018. The company reported silver-equivalent production of 9.5-million ounces at a 75:1 silver to gold ratio.  

Sierra Metals completes expansions at Bolivar mine

By: Tasneem Bulbulia     10th January 2019 Sierra Metals’ expansion plans at the Bolivar mine, in Mexico, are on track, the company reported in a statement on Wednesday. The company last year announced plans to achieve a sustainable and staged increase in mine production and mill throughput from 3 000 t/d to 3 600 t/d by the first quarter... 

Fresnillo appoints COO

By: Tasneem Bulbulia     9th January 2019 LSE-listed Fresnillo, which owns gold and silver mines in Mexico, has appointed André Sougarret Larroquete as COO. He will oversee the safe and efficient running of the company’s existing mines. 

New Gold produces solid gold, copper output for 2018

By: Marleny Arnoldi     9th January 2019 TSX- and NYSE-listed New Gold produced 110 559 oz of gold in the fourth quarter of 2018, taking full-year production to 455 448 oz. Production was supported by the Rainy River and New Afton mines, in Canada. The Rainy River mine reported its best-ever quarterly gold production of 77 202 oz in the... 

Excellon appoints Marcello Locatelli as VP of special projects

By: Simone Liedtke     9th January 2019 TSX-listed Excellon Resources has appointed Marcello Locatelli as VP of special projects. He will be responsible for further optimisation at the company’s operations and project evaluation. 

Mexico plans no drastic changes to mining sector - official

By: Reuters     21st December 2018 The head of Mexico's mining industry said the new government does not seek to implement drastic changes in the sector, cancel concessions or raise royalties that companies pay to extract minerals. At the end of last month, shares of Mexico's main mining companies fell more than 10% after the... 

Alamos meets quarterly guidance

By: Mariaan Webb     2nd November 2018 Canada-based Alamos Gold produced 124 000 oz of gold in the third quarter, which is in line with its guidance and 16% above the third quarter of 2017, reflecting the inclusion of the Island Gold mine, which it bought earlier this year. Year-to-date production hit a record of 379 400 oz – 23%... 

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... 

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... 

Leagold says Santa Luz restart requires $82m

By: Creamer Media Reporter      26th October 2018 Vancouver-based Leagold has completed an updated feasibility study for the Santa Luz project that it acquired in the recent Brio takeover, which demonstrates the potential for restarting 100 000 oz/y mine at a cost of $82-million. However, the company’s first priority remains to optimise its... 

Goldcorp output falls 20% in Peñasquito transition period

By: Mariaan Webb     25th October 2018 Canadian gold major Goldcorp has reported a third-quarter net loss of $101-million, compared with $111-million a year earlier, and a 20% drop in production during a transition period at its flagship Peñasquito mine, in Mexico. The Vancouver-based miner produced 503 000 oz at an all-in sustaining... 

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... 

Anheuser-Busch InBev third quarter revenue up 4.5%

By: African News Agency      25th October 2018 The world's largest brewer Anheuser-Busch InBev said on Thursday its revenue grew by 4.5% in the third quarter, while total volumes were up 0.2%. AB Inbev said ​good growth in own beer volumes achieved in Europe, Mexico and many African markets during the quarter were partially offset by Brazil... 

New Gold simplifies operational structure, Cory Atiyeh departs

By: Creamer Media Reporter      23rd October 2018 Gold mining company New Gold has announced the departure of executive VP for operations, Cory Atiyeh, as the company implements a simplified operational structure following the announced sale of the Mesquite mine and the earlier sale of the Peak mine – both in Mexico. New Gold will now only... 

Starbucks Evolves Structure in EMEA to Accelerate Long-Term Strategic Growth

22nd October 2018 Intention to fully license Starbucks operations with longstanding business partner, Alsea, in France, the Netherlands, Belgium and Luxembourg Company introducing a new support structure in the EMEA head office to better serve an increasingly-licensed regional strategy; Intends to close support... 

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,... 

Azure has received strong interest in Mexico zinc project

By: Esmarie Iannucci     15th October 2018 The Oposura zinc/lead/silver project, in Mexico, would cost some A$69.9-million to develop, a scoping study has revealed. ASX-listed Azure Minerals on Monday revealed that the project could produce 19 000 t/y of zinc, 10 000 t/y of lead and 145 000 oz/y of silver, over an initial mine life of... 

Polymer Concrete Market Growing At 3.5% CAGR To Reach USD 600 Million By 2025

12th October 2018 According to a new research report by Global Market Insights, Inc. Polymer Concrete Market size is forecast to exceed USD 600 million by 2025. High polymer prices may prove to become a obstacle in the growth of the polymer concrete market. Few resins, fibers or acrylates that are added to the... 

Fortuna Silver lifts Q3 output, reports San Jose contingency pond overflow

By: Mariaan Webb     12th October 2018 Latin American miner Fortuna Silver has reported improved third-quarter silver and gold output and is on schedule to meet its production guidance for the year, the NYSE- and TSX-listed company reported on Thursday. Compared with the third quarter of 2017, Fortuna’s silver production increased by... 

Drought forces two-month closure of Leagold Brazil mine

By: Mariaan Webb     11th October 2018 Latin America-focused Leagold on Wednesday announced a two-month shutdown of its RDM mine, in Brazil, citing continued regional drought conditions. In 2017, the RDM mine was closed on August 11 and restarted, on an intermittent basis, in early November with the onset of the region's rainy season. 

Coeur maintains guidance despite lower Q3 output

By: Mariaan Webb     10th October 2018 NYSE-listed miner Coeur Mining has maintained its production guidance for the year, despite reporting lower third-quarter production results, at 8.5-million ounces of silver equivalent. The company, which owns mines in Mexico, the US and Canada, produced 2.9-million ounces of silver, 88 833 oz... 

Bacanora grows Germany resource, funding talks for Mexico project ongoing

By: Mariaan Webb     9th October 2018 London-listed Bacanora Lithium has grown the measured and indicated resource at its 50%-owned Zinnwald project, in southern Saxony, Germany, by 30% to 124 974 t of contained lithium. The total resource estimate for the project, including measured, indicated and inferred, is now 142 240 t of... 

IMF cuts world economic growth forecasts as import tariffs, emerging market issues bite

By: Reuters     9th October 2018 The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2018 and 2019, saying that trade policy tensions and the imposition of import tariffs were taking a toll on commerce while emerging markets struggle with tighter financial conditions and capital outflows. The... 

Marine waste a pressing issue, but few solutions in sight 

By: Dylan Slater     5th October 2018 Plastics have become the “ubiquitous workhorse material” of the modern economy, combining unrivalled functional properties with low cost, and its use has increased twenty-fold in the past half-century, according to circular economy advocacy charity The Ellen MacArthur Foundation.  

Marine waste a pressing issue, but few solutions in sight

By: Dylan Slater     5th October 2018 Plastics have become the “ubiquitous workhorse material” of the modern economy, combining unrivalled functional properties with low cost, and its use has increased twenty-fold in the past half-century, according to circular economy advocacy charity The Ellen MacArthur Foundation.  

Fresh blow for emerging markets as rising oil hits importers

By: Bloomberg     4th October 2018 For years, higher oil prices have stoked gains in emerging-market currencies. But now, Brent crude’s rally to a four-year high is beginning to hurt them. Crude-oil futures rose above $85 a barrel this week for the first time since 2014 as concern about shrinking Iranian exports outweighed higher... 

Shell LNG, trade deal no help to stalled Trans Mountain pipeline

By: Bloomberg     4th October 2018 Royal Dutch Shell’s commitment to invest in the largest private-sector project in Canada’s history and a new trade deal with the US and Mexico show the country is open for business again. But neither are likely to help Trans Mountain, the troubled oil pipeline project that has epitomized the... 

Relief Canyon ‘next leg of growth’ for Americas Silver

By: Mariaan Webb     1st October 2018 The announcement on Monday of a business combination of silver miner Americas Silver and emerging gold producer Pershing Gold is providing a “clear path” to the development of the Relief Canyon openpit gold mine, in Nevada. The increased financial and operating capabilities of the combined... 

Glencore backs $1bn acquisition of Chevron South Africa by black-owned consortium

By: Terence Creamer     28th September 2018 Black economic empowerment (BEE) consortium Off The Shelf Investments (OTS) confirmed on Friday that it had acquired Chevron South Africa (CSA) in a deal valued at $1-billion and financed by its technical and financial adviser, Glencore. CSA, which owns the Chevron refinery in Cape Town and the... 

Uranium import probe threatens US nuclear power industry - group

By: Reuters     27th September 2018 US nuclear power generators urged the federal government against taking action in a dispute over imported uranium, arguing tariffs or quotas would increase costs for the struggling industry and possibly cause some reactors to shut, according to a statement emailed on Wednesday. The US Department... 

Arian Silver to become Alien, seeks acquisitions

By: Mariaan Webb     26th September 2018 London-listed Arian Silver is set to change its name to Alien Metals, the company announced to the market on Tuesday, and said that it was scouting for project acquisitions to enhance its value. The name change was approved at the September 20 shareholders meeting, where 76% voted in favour of... 

Great Panther adds Brazil mine to portfolio with $105m Beadell buy

By: Mariaan Webb     25th September 2018 TSX-listed Great Panther Silver has announced that it will acquire ASX-listed Beadell Resources, which owns the Tucano gold mine in Brazil, in an all-scrip deal. The transaction will create a new “growth-oriented precious metals producer” focused on the Americas, with a portfolio of three... 

Consolidated Zinc ships first ore from Plomosas

By: Creamer Media Reporter      20th September 2018 The first shipment of ore has left the Plomosas zinc/lead/silver project for processing at Grupo Mexico’s Santa Eulalia plant, ASX-listed Consolidated Zinc reported on Thursday. The company said it would deliver about 100 t/d to the concentrator for the rest of the month, where after it would... 

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