R/€ = 16.82 Change: 0.00
R/$ = 14.32 Change: 0.00
Au 1199.53 $/oz Change: -8.69
Pt 829.00 $/oz Change: -7.99


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... 

Martin Engineering Vibrators Go Pink For Breast Cancer Awareness Month

19th September 2018 Following the success of its 2017 campaign, the global leader in bulk material handling technologies is repeating its Cougar Cares fundraising program for National Breast Cancer Awareness Month in October.  Manufacturing a limited-edition series of Cougar® brand DC truck vibrators painted in the... 

Coeur reports fatal accident at Palmarejo

By: Creamer Media Reporter      18th September 2018 NYSE-listed Coeur Mining on Monday reported that two workers had died at its Palmarejo silver/gold mine, in Mexico, the previous week. The company explained that two underground production drillers fell into a void after the ground below them collapsed. The area was evacuated and all underground... 

Merchant mill revamp, Mexico

By: Sheila Barradas     14th September 2018 Grupo Simec is revamping its 300 000 t/y merchant bar mill. 

Aspen mulls sale of infant formula unit

By: Reuters     11th September 2018 South African drug maker Aspen Pharmacare said on Tuesday it was in discussions to sell its global infant formula business, but did not give any further details. Aspen's infant milk formula business sells infant milk formula in the Asia-Pacific, Sub-Saharan Africa and Latin America, and has a... 

Davies to attend G20 meeting

By: African News Agency      11th September 2018 South Africa's trade and industry minister Rob Davies will attend a meeting with peers from the G20 global grouping in Argentina set to focus on the agriculture sector, his department said on Tuesday. The G20 or Group of Twenty is an international forum for the governments of Argentina,... 

First Majestic sees near-term production potential at Ermitano

By: Creamer Media Reporter      10th September 2018 Canadian silver miner First Majestic Silver exercised its option agreements over the Ermitaño and Cumobabi projects and has earned 100% of these projects, which are located near its operating Santa Elena mine, in Sonara, Mexico. In terms of a 2014 option agreement with Evrim Resources, First... 

Peru Minister proposes making tax benefit for miners permanent

By: Reuters     7th September 2018 Peruvian Energy and Mines Minister Francisco Ismodes on Thursday proposed making a temporary tax benefit for mining companies part of the country's permanent tax code in order to reduce investment uncertainty in the world's No. 2 copper producer. Miners in Peru have enjoyed refunds on an 18%... 

Consolidated Zinc starts mining in Mexico

By: Esmarie Swanepoel     5th September 2018 ASX-listed Consolidated Zinc will immediately start mining at its Plomosas zinc/lead/silver project, in Mexico, after inking a processing and offtake agreement with Grupo Mexico. Under the terms of the agreement, Grupo Mexico will process Plomosas ore through its plant at Santa Eulalia, and sell... 

Global mining showing interest in Master Drilling’s new technology  

By: Martin Creamer     28th August 2018 The mining industry is showing strong interest in the new blast-free mobile tunnel boring machine that South African company Master Drilling will launch in Italy next month. This interest is exemplified by 32 mining executives from mining jurisdictions across the world making themselves available... 

Master Drilling mulling year-end dividend, launching blast-free borer

By: Martin Creamer     28th August 2018 Innovative drilling technologies company Master Drilling, which will next month launch a new blast-free mobile tunnel boring machine that is expected to have a far-reaching beneficial impact on mining, on Tuesday reported satisfactory results for the six months ended June 30. The Johannesburg... 

Mexico's next leader says NAFTA deal preserves energy 'sovereignty'

By: Reuters     28th August 2018 Mexican president-elect Andres Manuel Lopez Obrador welcomed a deal between Mexico and the United States to overhaul the North American Free Trade Agreement (NAFTA) that he said preserved Mexican "sovereignty" in the energy sector. The U.S.-Mexico deal was announced by US President Donald Trump... 

Oposura scoping study nears completion

By: Creamer Media Reporter      20th August 2018 ASX-listed Azure Minerals is nearing completion of a scoping study for its Oposura zinc/lead/silver project, in Mexico. The study remains on schedule for completion in the third quarter of this year. 

PEA results show La Fortuna as ‘robust base’ for production growth

By: Nadine James     17th August 2018 TSX-listed Minera Alamos on Thursday announced positive preliminary economic assessment (PEA) results for the La Fortuna gold project, in Durango, Mexico. The PEA estimates average contained metal production of around 43 000 oz/y of gold, 220 000 oz/y of silver and 1 000 t/y of copper over a... 

Leagold updates FY guidance after Brio Gold buy

By: Creamer Media Reporter      15th August 2018 Midtier gold miner Leagold has updated its production guidance to reflect the recent completion of its Brio Gold acquisition, which added three mines in Brazil to its portfolio. The company said this week that it expects to produce between 325 000 oz and 350 000 oz of gold at an all-in sustaining... 

Consolidated Zinc moves forward Mexico mine plans to this year

By: Esmarie Swanepoel     10th August 2018 ASX-listed Consolidated Zinc has flagged the start of production from its Plomosas zinc/lead/silver mine, in Mexico, before the end of 2018. The company had initially targeted a large production facility to start in 2019/20; however, Consolidated Zinc said on Friday said that the results from... 

Glencore closing in on oil deal, transacting with Eskom

By: Martin Creamer     8th August 2018 The local downstream oil investments of diversified mining and marketing company Glencore are expected to be concluded in the near future. Talking during a media conference after the Johannesburg- and London-listed company posted outstanding half-year results that won analyst applause, Glencore... 

Alcoa asks US government for tariff exemption on Canadian aluminum

By: Reuters     7th August 2018 Alcoa Corp on Monday asked the US.Commerce Department to exempt from tariffs its purchases of 40 000 metric tons of Canadian aluminum used to make beverage cans, adding to thousands of requests for such relief. According to documents posted to its website, Alcoa said no US aluminum producer can... 

First Mining grants Gainey option over Mexico property

By: Marleny Arnoldi     3rd August 2018 TSX-V-listed Gainey Capital has signed an option agreement to earn a 100% interest in TSX-listed First Mining Gold’s Las Margaritas gold prospect, in Mexico. The project comprises two mineral concessions encompassing a total of 500 ha.  

McEwen achieves 45% increase in gold equivalent output in Q2

By: Simone Liedtke     31st July 2018 NYSE- and TSX-listed McEwen Mining increased its gold-equivalent ounce (GEO) production by 45% in the quarter ended June 30. All-in sustaining costs (AISC) per ounce decreased by 2% year-on-year. 

G20 agriculture ministers slam protectionism, pledge WTO reforms

By: Reuters     30th July 2018 Agriculture ministers from the G20 countries criticized protectionism in a joint statement on Saturday, and vowed to reform World Trade Organization (WTO) rules, but did not detail what steps they would take to improve the food trade system. In the statement, they said they were "concerned about... 

Equinox shareholders approve Solaris Copper spinout

By: Anine Kilian     27th July 2018 Equinox Gold shareholders have voted in favour of a plan of arrangement for Equinox to transfer all of its copper assets into a newly incorporated company called Solaris Copper. The company will now seek approval for the plan of arrangement from the Supreme Court of British Columbia. 

No longer flavour of the month, SA rethinks its bus rapid transit systems

By: Irma Venter     27th July 2018 It seems government’s love affair with bus rapid transit (BRT) systems has cooled. Courted in the Brazilian city of Curutiba – it is difficult to find a local government transport executive who has not been there on a study tour – and sworn to fidelity in the pressure cooker years before the... 

Global steel output jumps in H1 as strong margins tempt mills to ramp up

By: Reuters     26th July 2018 Global crude steel output, a gauge of economic health, rose 4.6% in the first half of this year versus the same period last year, as strong margins prompted mills in major producing countries to ramp up, industry data showed on Thursday. Crude steel production for the 64 countries reporting to... 

Agnico Eagle improves 2018 guidance, sees ‘enormous’ potential in Nunavut

By: Mariaan Webb     26th July 2018 Canadian gold major Agnico Eagle Mines has added 50 000 oz to its gold production guidance for 2018, after a strong operational performance from its mines during the June quarter. The NYSE- and TSX-listed miner, which operates in Canada, Finland and Mexico, increased its guidance to 1.58-million... 

French metals group Eramet warns favourable outlook could be dented by trade rows

By: Reuters     24th July 2018 A sharp rise in manganese ore and nickel prices helped Eramet post higher profits in the first half of the year, but the French metal and mining group warned on Tuesday that current favourable markets could be hurt by global trade tensions.In an interim results statement on Tuesday, Eramet... 

Hecla wraps up Klondex acquisition, Havilah to list this week

By: Mariaan Webb     23rd July 2018 Newly formed Havilah Mining, which was created following the spinout of Klondex Mines’ Canadian assets, will list on the TSX-V this week, US-based precious metals producer Hecla Mining said on Monday, announcing the completion of its Klondex acquisition. Havilah will own the True North mining... 

Bacanora Lithium drops $100m placing for Mexico project

By: Mariaan Webb     19th July 2018 London-listed exploration and development company Bacanora Lithium, which earlier this week announced a funding package for the development of the initial 17 500 /ty lithium carbonate (Li2CO3) operation at Sonara, Mexico, has canned its proposed $100-million placing, citing “difficult market... 

Bacanora raises cash to start Sonora construction

By: Mariaan Webb     16th July 2018 London-listed Bacanora Lithium on Monday announced significant progress in the raising of the construction capital needed to build Stage 1 of its Sonara lithium project, in Mexico, announcing a conditional $90-million investment from blue chip investors and a $100-million placing of ordinary... 

McEwen’s operations on track to meet full-year guidance

By: Marleny Arnoldi     16th July 2018 Dual-listed precious metals producer McEwen Mining produced 36 959 oz of gold and 772 432 oz of silver, or 47 258 gold-equivalent ounces (GEOs), for the second quarter of this year.  

Hecla mines outperform; Klondex deal to close this month

By: Mariaan Webb     13th July 2018 US-based precious metals miner Hecla has reported a 7% decrease in second-quarter silver production, but it still managed to exceed production expectations, boosting the company’s cash position to its second-highest in six years. Silver production decreased from 2.81-million ounces in the June... 

Ecuador attracting mining interest, political risks weigh on Latin America outlook

By: Mariaan Webb     12th July 2018 The South American country of Ecuador is attracting interest among foreign mining companies, as a low-risk, high-reward market, where government remains supportive of mining, despite the February referendum restricting mining in protected areas. Market intelligence firm BMI, which publishes a... 

Great Panther sticks to FY guidance despite weaker Q2 output

By: Mariaan Webb     10th July 2018 Primary silver miner Great Panther has maintained its full-year production and costs guidance, despite weaker June quarter output as a result of unusually wet weather at its Guanajuato mine complex, in Mexico. Consolidated metal production decreased by 9% year-on-year to one-million... 

Jim Gowans joins New Gold board

By: Creamer Media Reporter      10th July 2018 Intermediate gold miner New Gold has recruited Arizona Mining CEO James Gowans to its board of directors with immediate effect. Gowans has more than 30 years of experience in mineral exploration, mine feasibility studies, mine construction and commissioning and the development of best practices... 

McEwen PEA supports 12-year extension of El Gallo

By: Simone Liedtke     9th July 2018 Dual-listed precious metals producer McEwen Mining on Monday filed a new preliminary economic assessment (PEA) for the extension of production from the El Gallo complex, in Mexico, with the new plan adding another 12 years to the operation’s mine life. The key outcomes of the extension, dubbed... 

PEA supports staged expansion of Sierra Metals’ Bolivar mine

By: Marleny Arnoldi     9th July 2018 Hot on the heels of a positive preliminary economic assessment (PEA) for the expansion of its Yauricocha base and precious metals mine, in Peru, Toronto-based Sierra Metals on Monday announced the outcomes of its PEA for the expansion at the Bolivar mine, in Mexico.  

Copper's collapse tops $1 000 as Trump picks a fight with China

By: Bloomberg     6th July 2018 Copper’s flashing a powerful warning about expectations for economic growth after US President Donald Trump chose to embark on a major escalation of his administration’s global trade war, imposing tariffs on $34-billion of imports from China, which vowed to respond in kind. The metal has lost... 

Spectrum release expected to bring big economic and social benefits 

By: Natasha Odendaal     6th July 2018 The much-anticipated release of South Africa’s high-demand spectrum has the potential to reshape the country’s economy by stimulating innovation and open the way for the country's full participation in the so-called Fourth Industrial Revolution. However, industry analysts stress that the manner... 

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