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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... 

Strengthening fundamentals continue to bolster ‘new age’ metals outlook

By: Henry Lazenby     22nd April 2017 ‘Big money’ investors are increasingly looking to invest in the relatively small ‘new-age metals’ space, comprising metals such as lithium, graphite and cobalt, as strengthening fundamentals for these minerals and an unprecedented high-impact investment opportunity draw the potential for bonanza... 

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... 

Newmont reveals Ahafo underground mine, mill expansion plans to lift output 50%

By: Henry Lazenby     21st April 2017 US-based gold major Newmont Mining has announced investment plans to the value of $380-million for a new underground mine and a 50% plant expansion at the Ahafo mine, in Ghana. The Subika underground mine is projected to produce 1.8-million ounces of gold over an 11-year mine life, and features... 

BC’s mineral exploration and mining industry launch ‘Vote Mining’ campaign

By: Creamer Media Reporter      21st April 2017 As the British Columbia provincial election nears on May 9, the Mining Association of British Columbia (MABC), the Association for Mineral Exploration (AME), and Mining Suppliers Association of British Columbia (MSABC) launched the ‘Vote Mining’ campaign on Thursday, to raise awareness about the... 

US weekly coal output rises

By: Henry Lazenby     21st April 2017 Analysis by the US Energy Information Administration (EIA) points to the country’s coal output rising 40% year-on-year to about 14.9-million short tons in the week ended April 15. The production estimate, issued on Thursday, was about 8.5% higher week-on-week. 

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... 

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... 

Quebec govt approves Canadian Malartic openpit expansion

By: Henry Lazenby     20th April 2017 The Quebec provincial government, under the leadership of Quebec Liberal Party premier Philippe Couillard, has approved the proposed $200-million expansion of the Canadian Malartic mine, owned and operated in a 50:50 joint venture by Agnico Eagle Mines and Yamana Gold. The expansion will see the... 

Ascendant lifts El Mochito mill throughput 17% since Dec buy; sees output rise 41% by Q4

By: Henry Lazenby     19th April 2017 Since acquiring the west-central Honduras-based El Mochito zinc/lead/silver mine about four months ago, Canadian miner Ascendant Resources has leveraged its management team’s experience to immediately turn the operation around, giving it a growth platform generating free cash flow. Once the crown... 

Centerra receives all required Kumtor permits for 2017

By: Henry Lazenby     19th April 2017 TSX-listed Centerra Gold has received its 2017 maximum allowable discharge (MAD) permit that allows it to discharge treated effluent from the Kumtor mine tailings management facility, in the Kyrgyz Republic, starting in the spring. Centerra advised on Wednesday that Kumtor had all the necessary... 

PTM secures $20m bought deal financing

By: Henry Lazenby     19th April 2017 South Africa-focused miner Platinum Group Metals (PTM) has reached agreement with BMO Capital Markets to buy on a bought deal basis 15.39-million common shares of the company at $1.30 apiece for gross proceeds of about $20-million. Vancouver-based PTM said on Tuesday that it would use the net... 

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... 

Agrium completes commissioning of $720m Borger urea plant, Texas

By: Henry Lazenby     18th April 2017 TSX- and NYSE-listed Agrium has commissioned its new urea plant at the Borger Nitrogen Operations facility, in Texas, having completed its first run of urea production – widely used in fertilisers as a source of nitrogen. The Calgary-based company, which controls the largest retail distribution... 

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... 

World's nutrient-poor farms get a vitamin boost from zinc mines

By: Bloomberg     18th April 2017 Injecting an industrial metal back into the ground could prove a boon for farmers and miners alike. The metal is zinc. Used mostly to reduce corrosion in iron and steel, zinc also is needed in trace amounts to keep humans and plants healthy. Without it in their diets, people are prone to... 

Endeavour to bank $47.5m as La Mancha exercises anti-dilution rights

By: Henry Lazenby     18th April 2017 Canadian gold producer Endeavour Mining has received a $47.5-million cash injection after its largest shareholder, Egyptian billionaire Naguib Sawiris's La Mancha Holding exercised its anti-dilution right to re-increase its stake from its current 28.1% interest to its initial 29.9% ownership... 

Primero closes higher on expected San Dimas restart Tuesday

By: Henry Lazenby     18th April 2017 The TSX-listed stock of precious metals producer Primero Mining on Monday gained as much as 13.5% as investors anticipate a restart of the flagship San Dimas mine, in Mexico. The strike by unionised employees at San Dimas had halted mining and milling operations since February 15. 

PTM reviews strategic alternatives as Maseve’s underperformance leaves a hole in pocket

By: Henry Lazenby     18th April 2017 Canadian precious metals miner Platinum Group Metals (PTM) has cut its 2017 guidance from 100 000 oz of platinum, palladium, rhodium and gold (4E) to 85 000 oz 4E, saying it is working with BMO Capital Markets and Macquarie Capital to review and assess corporate and asset-level strategic... 

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... 

Richmont reports strong Q1 output as costs slide

By: Henry Lazenby     14th April 2017 Boutique gold producer Richmont Mines has reported strong performance from the flagship Island Gold mine, in Ontario, pushing total output in the period to 29 401 oz of gold, which despite being 9% lower year-on-year, took into account the ceased production at the small-scale Monique mine, and... 

Dominion Diamond's sales slump 21% in FY17

By: Henry Lazenby     14th April 2017 Canada’s largest diamond producer Dominion Diamond Corp has reported a 21% decrease in diamond sales for the 2017 financial year ended January, as a fire at its flagship Ekati mine, in the Northwest Territories, and lower-value output weighed on the bottom line. The Yellowknife-based producer,... 

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... 

Giyani to start exploration of new ‘proof of concept’ Botswana manganese mine

By: Henry Lazenby     13th April 2017 Exploration firm Giyani Gold will undertake a field exploration campaign on its newly acquired brownfields Kgwakgwe Hill manganese mine, located in the Kanye basin of south-eastern Botswana, to test its thesis that manganese deposits exist in Botswana. The TSX-V-listed company has acquired six... 

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... 

Champion Iron inks impact accord with ITUM First Nation

By: Henry Lazenby     13th April 2017 TSX- and ASX-listed Champion Iron has signed an impact benefit agreement (IBA) with the Innu of Takuaikan Uashat mak Mani-utenam (ITUM) First Nation, confirming local support for the Bloom Lake iron mine, located near Fermont, Quebec. The IBA is a life-of-mine agreement providing for real... 

Belo Sun stock sinks on another Brazilian interim suspension order

By: Henry Lazenby     12th April 2017 The TSX-listed stock of Brazil-focused project developer Belo Sun Mining lost more than 18% on Wednesday morning, following an announcement that the Brazilian Federal Regional Court has issued an interim suspension order halting construction of the flagship Volta Grande project pending completion... 

Centerra reports Kumtor mechanic killed

By: Henry Lazenby     12th April 2017 Canadian gold producer Centerra Gold has reported a fatality at the flagship Kumtor mine, located in Central Asian country Kyrgyzstan. The TSX-listed miner said a vehicle mechanic died in the field on Monday after he was fatally injured while inspecting a light vehicle pickup truck. 

LatAm water scarcity, pollution to drive more stringent enviro rules

By: Henry Lazenby     12th April 2017 New analysis by the research arm of the Fitch Group, BMI, forecasts water scarcity and contamination in Latin America will drive increasingly stringent environmental regulations in the region over the coming years. While increasing the costs for miners and delaying certain projects, the focus on... 

Northern Dynasty’s US unit gets Alaska land use permit

By: Henry Lazenby     12th April 2017 The US-based unit of Northern Dynasty Minerals, the Pebble Limited Partnership (PLP), has received approval for a miscellaneous land use permit (MLUP) from the Alaska Department of Natural Resources (DNR) for its ongoing activities at the Pebble project, in south-west Alaska. One of the largest... 

Kerr Mines appoints new top management

By: Henry Lazenby     12th April 2017 TSX-listed project developer Kerr Mines has appointed Claudio Ciavarella as CEO and Martin Kostuik as president and director with immediate effect. "The additions of Claudio and Martin to Kerr's management team will provide invaluable business and technical leadership as we advance our flagship... 

Sandstorm liquidates position in Pinecrest Resources

By: Henry Lazenby     12th April 2017 Gold streaming and royalty firm Sandstorm Gold has sold ten-million common shares, or 18.2%, of Africa-focused junior explorer Pinecrest Resources, raising gross proceeds of C$21-million. The transaction reduces Sandstorm’s holdings in Pinecrest to zero. 

Iron miners, Quebec govt ink MoU to develop Pointe-Noire multi-user port

By: Henry Lazenby     11th April 2017 The Quebec government, together with Tata Steel Minerals Canada and Quebec Iron Ore (QIO, a subsidiary of Champion Iron) have signed a memorandum of understanding (MoU) to collaborate in a multi-user approach, to manage and develop the industrial facilities at Pointe‑Noire, in Sept-Îles, Quebec.... 

Alrosa lifts March diamond sales 1% y/y

By: Henry Lazenby     11th April 2017 The global leader in rough diamond production, Russia’s Alrosa, has increased total diamond sales for March by 1% year-on-year to $566.6-million, as stable demand in most rough diamond categories buoyed prices. Rough diamond sales by Alrosa in March amounted to $554.2-million, with polished... 

Despite ramp-up delay, Diamcor reports improved tender results

By: Henry Lazenby     11th April 2017 South Africa-focused project developer Diamcor Mining has reported improved diamond tender sales despite the ramp-up to double output at the Krone-Endora at Venetia mine being dogged by operational and product delivery issues. The issues have pushed finalisation of the testing, commissioning and... 

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