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Canada announces rules to reduce methane emissions, air pollution from oil and gas sector

By: Henry Lazenby     Updated 3 hours ago Canada has introduced new rules aimed at reducing methane emissions and cut air pollution from its significant oil and gas industry, a move hailed with mixed reaction from the industry itself. Minister of Environment and Climate Change Catherine McKenna introduced the new regulation on Thursday,... 

Northern Vertex, Greenstone partner to accelerate Moss mine development; US gold consolidation

By: Henry Lazenby     Updated 3 hours ago Canadian project developer Northern Vertex Mining and Guernsey-based private equity fund Greenstone Resources has formed a partnership that will strengthen Northern Vertex’s balance sheet and expedite construction, procurement and staffing initiatives as the company works up to decalring... 

Despite glorious past, mineral processing innovation faces uncertain future

By: Mia Breytenbach     26th May 2017 While the mining industry does not yet seem to be in a crisis regarding innovation in mineral processing, it certainly seems to be on a downward trajectory, says former Julius Kruttschnitt Mineral Research Centre director and emeritus professor Tim Napier-Munn, noting that, with innovation being... 

Up to 6% of Barrick’s 2017 output impacted by Tanzania ore export ban

By: Henry Lazenby     26th May 2017 The world’s largest gold producer by volume, Canada’s Barrick Gold, on Thursday revealed that up to 6% of its attributable output could be affected by the ongoing ban on mineral concentrate exports affecting the operations of its 63.9% subsidiary Acacia Mining, in Tanzania. Acacia’s Bulyanhulu... 

Tsodilo gains Orapa kimberlite field exploration permit

By: Henry Lazenby     26th May 2017 Diamond explorer Tsodilo Resources has been granted an exploration permit in Botswana to look for diamond-bearing kimberlites in the prolific Orapa kimberlite field (OKF). The TSX-V-listed diamond and metals exploration company has gained access to one of the most significant diamond producing... 

Peru allows Bear Creek to recover Corani tax

By: Henry Lazenby     26th May 2017 TSX-V-listed project developer Bear Creek Mining has signed an agreement with the Peru Ministry of Energy and Mines (MEM) and ProInversion (an agent for the Peru government) that allows the company to recover, at its option and on an accelerated basis, the 18% taxes applied to engineering and... 

OceanaGold enters option accord for Mirasol's La Curva project, Argentina

By: Henry Lazenby     25th May 2017 Midtier miner OceanaGold has signed an option agreement with prospect generator Mirasol Resources, under which it to acquire up to 75% of the project in five stages. The definitive agreement requires multinational OceanaGold, with operations in New Zealand, Australia and the US, to make a... 

Fasken Martineau Named “Global Mining Law Firm of the Year”

     25th May 2017 Fasken Martineau announced that, for the third consecutive year and the ninth time overall, it has been named “Global Mining Law Firm of the Year 2017” by Who’s Who Legal. Additionally, Michael Bourassa has received the “Lawyer of the Year 2017” award for Mining. With over 150 years’ experience... 

Canada Strategic Metals gains Quebec district-scale greenstone belt land package

By: Henry Lazenby     25th May 2017 Junior explorer Canada Strategic Metals has acquired three new high-potential properties named Annabelle, Blanche and Charles, covering large greenstone belt districts on the Eastmain and La Grande volcanic belts, in the James Bay area of Quebec. The ground acquired covers more than 75 km2 of the... 

Teck Resources says does not expect snow melt to materially affect copper mine

By: Reuters     24th May 2017 Canadian miner Teck Resources does not expect a material impact on production at its Highland Valley copper unit because of unusual spring weather earlier in May, a spokesperson said on Wednesday. The Vancouver-based company said on May 7 that rapidly melting snow had caused water to flow into... 

Sibanye appoints Maziya as nonexecutive director

By: Henry Lazenby     24th May 2017 JSE- and NYSE-listed Sibanye Gold has appointed Savannah Maziya as a nonexecutive director following the resignation of Christopher Chadwick with effect from Tuesday. The South African multinational miner selected Maziya for her wealth of experience in the finance, mining, infrastructure and... 

NGO sues Guatemala mining Ministry for issuing Escobal licence

By: Henry Lazenby     24th May 2017 TSX- and NYSE-listed Tahoe Resources reported Wednesday that a Guatemala-based nongovernmental organisation (NGO) has filed a claim against the Guatemalan Ministry of Energy and Mines (MEM), alleging that the Ministry failed to consult with a local indigenous group before granting the mining... 

Access to First Majestic’s La Encantada mine blocked by rogue protestors

By: Henry Lazenby     24th May 2017 A group of rogue unionised employees at First Majestic Silver’s La Encantada mine, in Mexico, has formed an illegal blockade, blocking access to the mine and forcing operations to a halt, the company reported Wednesday. These rogue workers cited disagreement with the most recent bonus pay-out,... 

Westhaven adds 2 738 ha land package to substantial BC landholdings

By: Henry Lazenby     24th May 2017 TSX-V-listed project developer Strongbow Exploration has agreed to sell its 65.74% interest in the Skoonka Creek gold property, located within the prospective Spences Bridge gold belt (SBGB), in British Columbia, to Westhaven Ventures. Strongbow's joint-venture partner on the Skoonka Creek... 

Arconic, Elliott settle proxy contest

By: Henry Lazenby     24th May 2017 Specialty alloys manufacturer Arconic has reached agreement with activist shareholder Elliott Management and its affiliates, who together hold about 13.2% of the company, to resolve the pending proxy contest regarding the company’s May 25 annual general meeting (AGM). NYSE-listed Arconic has... 

Geoscience BC launches third phase of govt-sponsored geologic survey

By: Henry Lazenby     24th May 2017 Non-profit organisation Geoscience BC has announced a third phase in a series of aerial surveys, with the aim to identify hidden mineral potential in north central and north-eastern British Columbia. Called Search Phase III, the survey will use helicopters fitted with magnetic sensors to build a... 

Despite production disruptions, copper saw February surplus of 150 000 t

By: Henry Lazenby     24th May 2017 Analysis of the latest data published by the International Copper Study Group (ICSG) showed global surplus copper output of 150 000 t in February, despite disruptions at massive key mines in Chile and Indonesia. The ICSG ascribed the surplus mainly to a sharp decline in Chinese apparent demand,... 

Endeavour reports solid progress with Houndé construction 85% complete

By: Henry Lazenby     23rd May 2017 West Africa-focused miner Endeavour Gold has reached the 85%-complete mark in building the Houndé mine, in Burkina Faso, after receiving and starting installation of the longest lead time item, the semi-autogenous grinding mill. Endeavour, which expects to produce between 600 000 oz and 640 000... 

Asanko prioritises Akwasiso ahead of Dynamite Hill following fast Ghanaian approval

By: Henry Lazenby     23rd May 2017 The Ghanaian government has given the green light for TSX- and NYSE MKT-listed miner Asanko Gold to start mining operations at the Akwasiso deposit, in Ghana, ahead of the Dynamite Hill deposit, as previously planned. The Vancouver-based company will benefit from greater mining flexibility by... 

From Yukon to Patagonia, gold explorers stir after sleep

By: Bloomberg     19th May 2017 From Canada’s Yukon to southern Patagonia, outbreaks of gold-rush fever are popping up as bullion markets stage a tentative recovery. The number of holes drilled at gold deposits has been rising steadily for more than a year, according to S&P Global Market Intelligence. 

Champion signs on offtake partner for Bloom Lake

By: Henry Lazenby     19th May 2017 Canadian iron-ore project reviver Champion Iron on Thursday announced that subsidiary Quebec Iron Ore (QIO) had signed an offtake agreement and arranged bridging financing for the restart of the Bloom Lake iron-ore mine, located about 400 km north of the Port of Sept-Îles, in Quebec. Japanese... 

Orocobre balance sheet bolstered

By: Henry Lazenby     19th May 2017 ASX- and TSX-listed Orocobre has received a welcome financial boost in the form of a value added tax (VAT) refund and by the release of further cash security deposits in Australia, which back subsidiary Sales de Jujuy’s (SDJ's) Argentine working capital facility. The Brisbane, Australia-based... 

AuRico Gold, First Nations ink impact benefit accord

By: Henry Lazenby     19th May 2017 TSX-listed AuRico Metals and First Nations surrounding the Kemess underground project have signed an impact benefits agreement (IBA) for the Kemess underground project, in British Columbia, solidifying local relationships and ensuring the project provides economic opportunities and benefits to... 

Kinross swaps Yukon-based White Gold project for junior equity interest

By: Henry Lazenby     19th May 2017 Canadian gold major Kinross Gold has agreed to acquire a 19.9% stake in Yukon Territory-focused junior explorer White Gold by selling its 100% interest in the White Gold exploration project to the company. TSX- and NYSE-listed Kinross said Thursday the strategic ownership in White Gold will... 

Inflated base case prices could dent confidence in mine development

By: Henry Lazenby     19th May 2017 Project valuations based on elevated price assumptions in the absence of more reasonable scenarios to provide a more balanced view to the market is potentially damaging to the credibility of management teams, their consultants and the mining industry as a whole, London-based boutique investment... 

Trevali shareholders vote overwhelmingly in favour of African asset acquisitions

By: Henry Lazenby     18th May 2017 Trevali Mining reported Thursday that a majority of shareholders present and represented at the company’s special meeting have voted in favour of all resolutions presented, including the acquisition of a suite of African zinc assets from Glencore. 

Mining Maverick lured out of hiatus by billion-dollar gold dream

By: Bloomberg     18th May 2017 Frank Giustra likes to see big where others think small. The Canadian mining magnate’s latest target is a subterranean patch of red earth in southwestern Mexico. In January his new undertaking, Leagold Mining, bought the Los Filos mine from Goldcorp for $350-million. It wasn’t the openpits... 

First Quantum executive director Rowley resigns

By: Henry Lazenby     18th May 2017 One of the co-founders of Canadian base metals producer First Quantum Minerals Martin Rowley will retire on June 30. He co-founded the company with Philip Pascall and Clive Newall in 1996, and served as CFO and director until 2007, when he assumed the role of executive director for business... 

AME welcomes Edie Thome as new president, CEO

By: Creamer Media Reporter      18th May 2017 The Association for Mineral Exploration (AME) has appointed outsider Edie Thome as president and CEO of the association, effective from June 19, replacing Gavin Dirom, who leaves to pursue other opportunities. Thome brings a wealth of experience in government relations, permitting and public... 

Report sketches optimistic outlook for BC mining sector

By: Creamer Media Reporter      17th May 2017 The mining industry in British Columbia is cautiously optimistic as prices of key metal and resource commodities either rose or stabilised in 2016, new analysis by professional services firm PwC Canada has found. The trend continued into the first quarter, building on net mining revenues rising... 

Cliffs starts production of Mustang superflux pellets at United Taconite

By: Henry Lazenby     17th May 2017 US iron-ore producer Cliffs Natural Resources on Tuesday started production of the new Mustang superflux pellet at its United Taconite mine, in Minnesota. The start-up of new production equipment, including supporting infrastructure, occurred on schedule after nine months of construction, and... 

Eastplats investigation nearing completion

By: Henry Lazenby     17th May 2017 An investigation into the dealings of the ousted management of TSX- and JSE-listed Eastern Platinum (Eastplats) is drawing to a close, which will allow the company to file its 2016 audited financial statement within the next two weeks. The South Africa-focused miner missed the March 31 deadline... 

Quebec diamond miner Stornoway produces one-millionth carat

By: Henry Lazenby     17th May 2017 Quebec’s only diamond producer Stornoway Diamond Corp has produced its one-millionth carat from the Renard mine, alluding to a strong start to production in the current quarter. Desjardins Capital Markets analyst Michael Parkin said the market is still focused on the company’s ability to resolve... 

Vale to shutter nickel mine in Canada; up to 200 jobs at stake

By: Reuters     16th May 2017 Vale Canada said on Tuesday it would suspend operations at its Birchtree nickel mine, in the province of Manitoba, on October 1, because of weak nickel prices and declining ore grades as the small, 51-year-old mine nears the end of its life. The suspension will result in up to 200 job losses and... 

Golden Arrow, Silver Standard JV ‘a match made in heaven’ as explorer turns producer 

By: Henry Lazenby     16th May 2017 Canadian explorer Golden Arrow Resources has made the leap from project developer to revenue-earning miner in record time through its novel partnership with senior miner Silver Standard Resources, after the latter exercised its option to form a joint venture (JV) with the company that will... 

Banro narrows Q1 net loss as revenue rises 19%

By: Henry Lazenby     16th May 2017 Canadian gold producer Banro has reported a smaller first-quarter net loss as financing expenses and fair value losses have offset higher output, sales and realised prices. The result was despite a 19% increase in operating revenues to $55-million, and was boosted by 14% more ounces sold at 47... 

Trevali Q1 earnings rise on higher sales, price support

By: Henry Lazenby     15th May 2017 Canadian base metals producer Trevali Mining has reported higher first-quarter earnings, as revenues were boosted by significantly higher sales volumes on the back of the Caribou mine declaring commercial production in the third quarter last year, and higher prices. Vancouver-based Trevali, which... 

Despite strong vanadium price recovery, Largo still under water 

By: Henry Lazenby     15th May 2017 The strong price recovery of the industrial metal vanadium pentoxide (V2O5) has not yet been enough to lift producer Largo Resources into the black, casting material doubts on the company’s ability to meet its financial obligations should it be unsuccessful in raising more cash. During the first... 

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