TSX-listed base metals miner Lundin Mining’s exploration efforts continue to add significant value to the company’s assets and, in light of improved market conditions, the company plans to accelerate exploration at all mine sites in 2018, as well as advance at least two new copper-focused greenfield exploration projects. The company announced on Tuesday that, as at June 30, its proven and probable mineral reserves categories totalled 3.23-million tonnes of copper, 3.16-million tonnes of zinc and 130 000 t of nickel.
The Chamber of Mines has launched its Mining for Schools initiative, an online platform to provide resources for teachers and learners to reinforce, enhance and extend learning about the South African mining industry. The first module of the website focusses on gold, as that is the current focus in the national school’s curriculum.
TSX-listed Ivanhoe Mines has entered into discussions to start a “new era of production” at the historic Kipushi zinc-copper-silver-germanium mine, in the Democratic Republic of Congo (DRC), that could deliver one of the highest-grade major zinc mines worldwide. Ivanhoe, which, in conjunction with its 32% joint venture partner State-owned miner Gécamines, recently upgraded Kipushi, is now planning to restore production, with the JV, the Kipushi Corporation, focusing initial mining on the Big Zinc deposit.
Black-controlled platinum mining company Royal Bafokeng Platinum (RBPlat) has entered into a $74-million term sheet transaction with Platinum Group Metals (PTM) to acquire the concentrator plant and surface assets of the Maseve mine, including power and water. Both companies on Wednesday announced the two-stage deal in separate releases.
TSX-V-listed Helio Resource Corp has rejected Aim-listed Shanta Gold’s termination of an arrangement agreement with Helio and says it will “vigorously” enforce its rights under the agreement. Shanta in June agreed to buy Helio in a £3.5-million all-scrip deal that would have given it control of Helio’s assets adjacent to its own New Luika mine, in Tanzania. However, in August, the company announced that it would terminate the agreement owing to the potential impact on Helio of new mining legislation in Tanzania.
TSX-V-listed International Lithium Corp (ILC) has received the final proof of concept study for the recovery of lithium using membrane separation as a potential alternative to the natural evaporation process, which is currently proposed at the lithium brine joint venture project in Salta, Argentina. The study, undertaken by South Africa’s Synexus using raw brine from the Salar de Llullaillaico location of Mariana, indicates that the selective recovery of lithium directly from raw (filtered) brine, with the simultaneous rejection of other cation and anion species, using a proprietary lithium selective separation process, is possible.
Acid mine drainage (AMD), which is water polluted during more than a century of mining activity, is being used to augment the large volume of water needed to recover gold from mine dumps. Surface mining company DRDGold revealed this week that it is currently receiving eight megalitres of treated AMD water a day from the government water organisation Trans-Caledon Tunnel Authority (TCTA), which is roughly the same quantity of treated sewage water that it receives daily from from the sewage treatment plant operated by the East Rand Water Care Company. (Also watch attached Creamer Media video).
DUBLIN–(BUSINESS WIRE)–The “Global Synthetic Zeolite Market 2017-2021” report has been added to Research and Markets’ offering. The global synthetic zeolite market to grow at a CAGR of 4.43% during the period 2017-2021. Global Synthetic Zeolite Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors
CASABLANCA, Marokko–(BUSINESS WIRE)–OCP S.A., internationaal toonaangevend in de kunstmestindustrie, publiceert zijn cijfers voor het tweede kwartaal en eerste halfjaar van 2017 op dinsdag 12 september 2017. De informatie is via het portaal OCP Intralinks vanaf 09.00 uur (EDT)/14.00 uur (Marokkaanse tijd) in te zien voor houders van obligaties van het bedrijf, gekwalificeerde institutionele inkopers, beursanalisten en marktmakers . De directie van OCP geeft op 12 september 2017 om 10.00 uur (
CASABLANCA, Marruecos–(BUSINESS WIRE)–OCP S.A. (“OCP” o la “empresa”), líder mundial en el sector de los fertilizantes, presentará los resultados correspondientes al segundo trimestre y al primer semestre de 2017 el martes, 12 de septiembre de 2017. Los resultados estarán disponibles a los titulares de obligaciones de la empresa, compradores institucionales cualificados, analistas de títulos y creadores de mercado en el portal de OCP desde las 15:00 (hora peninsular española). El comunicado e
Russia’s top gold producer Polyus expects its capital expenditure (capex) to decline over the next two years from around $800 million in 2017 as ramp up costs for a new gold mine fall away, CEO Pavel Grachev said.
Polyus, controlled by the family of Russian tycoon Suleiman Kerimov, started commissioning its Natalka mine in the country’s Far East, a project expected to help the firm increase its gold output by a third by 2019, on Tuesday.
The CEO of GV Gold is preparing a much-delayed listing of the Russian mid-sized gold producer for as early as next year, he told Reuters on Wednesday.
The privately held firm, whose shareholders include US fund BlackRock, has repeatedly delayed plans after first proposing an initial public share offering in 2007, but listing has come to the top of the agenda since German Pikhoya became CEO in April.
TUCKER, Ga.–(BUSINESS WIRE)–GMS Inc. (NYSE:GMS), a leading North American distributor of wallboard and suspended ceilings systems, today reported financial results for the first quarter of fiscal 2018 ended July 31, 2017. First Quarter 2018 Highlights Compared to First Quarter 2017 Net sales increased 16.8% to a record $642.2 million; base business net sales increased 7.8% Wallboard unit volume grew 11.8% to a record 914 million square feet Net income increased to $15.3 million, or $0.36 per
SASKATOON, Saskatchewan–(BUSINESS WIRE)–Gensource Potash Corporation (“Gensource” or the “Company”) (TSX.V: GSP) is pleased to announce that it has entered into an engagement letter (“Engagement”) with a team of Industrial Alliance Securities Inc. (“IA”) and its syndication partner, US-based Heritage Capital Group (“Heritage”). Heritage is the Agriculture Practice Leader within the Oaklins Group, a close association of industry professionals spanning North America and the globe. The IA/Herita
As part of its sustainability strategy, TSX-listed exploration and development company Continental Gold will contribute about $370 000 towards a programme developed to support agricultural development in western Antioquia, in north-west Colombia. The Future Harvest programme, aimed at directly benefiting the communities of Buriticá, Santa Fe de Antioquia, Giraldo and Cañasgordas, which are all in Continental Gold’s direct area of influence, promotes agricultural best practice through public–private partnerships and funding to help develop sustainable agriculture initiatives.
The $360-million in combined federal and territorial funding for the improvement of road access in two mineral-rich areas in central and south-eastern Yukon has been widely welcomed. Days after Canada Prime Minister Justin Trudeau and Yukon Premier Sandy Silver announced the road access improvement project in the Dawson Range, in central Yukon, and Nahanni Range road, in south-eastern Yukon, the Mining Association of Canada (MAC) and Triumph Gold Corp applauded the territory’s significant investment in critical infrastructure, which is likely to bolster the region’s ability to seize growth opportunities in the mining industry.
DUBLIN–(BUSINESS WIRE)–The “Global and China MO Source Industry Report, 2017-2021” report has been added to Research and Markets’ offering. The global MO source demand reached 58.5 tons in 2016, a 4.1% increase from the year before. The main reasons for the growth recovery after a drop in 2015 stood out: firstly, downstream demand picked up; secondly, MOCVD ownership escalated, and capacity utilization and operating rate of plants grew steadily. Global MO source demand will keep an estimated
Aim-listed Georgian Mining (GEO) said on Wednesday that it had satisfied its spending obligation of $6-million to earn a 50% interest in the entity holding the mining licence over the Bolnisi copper and gold project.
GEO and Caucasian Mining Group (CMG) are shareholders in Georgian Copper & Gold (GCG), which holds the licence over an 860 km2 target area in the established copper/gold region along the Tethyan belt.
TSX-V-listed Volcanic Gold Mines, which is developing a multi-million-ounce gold resource in West Africa, has appointed Jeremy Crozier CEO. He succeeds Mike Iverson, who stepped down from the position on August 29.
ASX-listed Centaurus Metals has exercised its right to acquire a 100% interest in the tenements that make up the 750 km2 Pará exploration package, in Brazil. Centaurus in October 2016 entered into an earn-in agreement with Terrativa Minerais. Under the terms of the agreement, Centaurus was required to invest about A$1-million in the Pará project within a two-year period.
Dual-listed Kirkland Lake Gold has entered into a term sheet agreement with Novo Resources to acquire 14-million units at a price of C$4 apiece, totalling C$56-million. Kirkland, which already owns about 9.2% of the issued and outstanding common shares of Novo, is expected to own around 18.2% of Novo – 25.5% on a partially diluted basis – by financing end.
LSE-listed Acacia Mining has bought put options covering 210 000 oz of gold at a strike price of $1 300/oz as it continues implementing ongoing cash outflow mitigation measures. The group on Wednesday announced that the $3.2-million option provided a minimum price for the majority of the group’s expected doré production for the next six months above the budgeted gold price of $1 200/oz, along with full upside exposure should the gold price continue to trade above $1 300/oz.
Jamaican-born mine manager and former investment banker Cecile Thaxter is first woman to run WA’s most famous gold mine.
Australia’s natural gas output reached a record 3 770 PJ in 2017, up 27% on the 2016 financial year, energy market analyst EnergyQuest reported on Wednesday.
EnergyQuest CEO Dr Graeme Bethune noted that gas production from the east coast was catching up with demand, with liquefied natural gas (LNG) production and domestic gas production in the region both increasing during the second quarter.
Russia wants its biggest diamond miner to work more closely with the country’s top gem cutters so the industry can better compete in a market that’s dominated by Indian manufacturers. As part of a plan to boost the competitiveness of Russian diamonds, the government wants Alrosa PJSC to offer more favorable terms to cutters including Kristall Production, Russia’s largest, according to Deputy Finance Minister Alexey Moiseev. The producer is mostly State-owned.
The National Party membership will use its federal conference this weekend to call for an end to the energy policy vacuum, with more ‘clean’ coal-fired power stations in regional areas.
Teck Resources dropped the most among large mining stocks after China Investment Corp unloaded nearly half its stake in Canada’s largest diversified miner. The Vancouver-based company dropped 6.7% to C$29.47 at the close in Toronto, making it the worst performer in the Bloomberg World Mining Index, which was little changed. The shares have gained 33% in the past year.
The Queensland government has opened a further 400 km2 of prospective land in the Surat and Bowen Basin for tender, following a successful pilot project.
The state government earlier this week awarded ASX-listed Senex Energy 58 km2 of tenements in the Surat basin coal seam gas acreage, to explore for gas as part of efforts to supply gas to the domestic market.
Canada’s Kirkland Lake Gold has invested C$56-million through a private placement in fellow listed Novo Resources Corporation.
Kirkland Gold would acquire 14-million units in the Western Australian-focused Novo, at a price of C$4 each, with the units consisting of one common share and one share purchase warrant, that could be exercised at a price of C$6 each within the next 36 months.
HOUSTON–(BUSINESS WIRE)–Genesis Alkali, a business of Genesis Energy, L.P. (NYSE: GEL), announced today that, effective immediately or as contract terms permit, off-list prices will increase for S-Carb®, purified Sodium Sesquicarbonate, and feed grade Sodium Bicarbonate as follows: S-Carb® $15/ton FOB Westvaco, WY Feed Grade Sodium Bicarbonate $20/ton FOB Westvaco, WY Increasing costs associated with production, investment in manufacturing infrastructure and on
VICUÑA, Chile–(BUSINESS WIRE)–The following is a statement from Opalo: “Barrick Gold’s most recent lawsuit, this time against Opalo’s engineer, brought to light the fact that Barrick does not own the mining property rights for the Alturas project and its exploration concessions illegally trespass the Chilean – Argentinian border along hundreds of kilometers. As laid out in the Chilean Constitution, its courts can only grant rights to property inside the Chilean borders, therefore, property ri
Outnumbered and outflanked, Freeport-McMoRan CEO Richard Adkerson made an about-face. Only months before, Adkerson had dismissed the idea of selling a majority stake in the Phoenix-based company’s flagship Indonesian copper-and-gold mine to local investors. But, seated beside government officials in Jakarta last week, the veteran executive told reporters he planned to do just that.
