BETHESDA, Md.–(BUSINESS WIRE)–Enviva Holdings, LP, the world’s largest producer of wood pellets, today released its latest proprietary Track & Trace forestry data.
Since the November 2012 discovery of a new high-grade uranium deposit just outside the south-western corner of Saskatchewan’s famed Athabasca basin, where the world’s highest-grade uranium mines are found, explorer Fission Uranium has succeeded in stringing together new uranium discoveries “like pearls on a necklace”. The TSX-listed company’s Patterson Lake South (PLS) project now stretches some 3.17 km over an east-to-west strike length, in five separated mineralised zones, which sparked a staking rush in the area soon after the first discovery was revealed, in an area initially thought to host coal, not high-grade uranium mineralisation.
Coal miner Stanmore Coal has reported a record June quarter, with production up 59% on the previous quarter.
The Isaac Plains mine, in Queensland, produced 564 000 t run-of-mine (ROM) coal during the three months to June, which was up from the 355 000 t produced in the previous quarter.
ASX-listed junior Highlands Pacific has announced its intention to transfer the management of the Star Mountain exploration project, in Papua New Guinea, to joint venture (JV) partner Anglo American after the company spent the required $25-million. Under the JV agreement that was struck in 2015, Anglo American earned an initial 51% interest in the project by paying Highlands $10-million in cash and spending $25-million on exploration within the first four years of the JV.
Ruby miner Mustang Resources has secured A$8.5-millin in funding from US institutional investor Arena Investors under a convertible note facility.
The financing will be drawn down in four tranches, with the first A$1.7-million received on the signing of a convertible note deed. A second tranche of A$1.7-million will be made available subject to shareholder approval of the notes, with the third and fourth tranches consisting of A$2.55-million each.
Gold miner Evolution Mining has reported record quarterly gold production during the three months to June, while hitting full-year production targets for the sixth consecutive year. Gold production during the June quarter reached 218 079 oz, which was up from the 202 926 oz produced in the March quarter, with C1 cash costs down to A$567/oz, compared with the A$599/oz reported in the previous quarter.
Performance from its own mine operations helped platinum production from Anglo American Platinum (Amplats) to increase in the three months to June 30, but sales volumes fell sharply on technical problems and two mineworkers succumbed to fatal injuries. Full-year production guidance remains unchanged at 2.35-million to 2.4-million platinum ounces.
An outraged Chamber of Mines (CoM) has dismissed Mineral Resources Minister Mosebenzi Zwane’s proposed moratorium on new mining right applications as “unlawful”, owing to the damage that the proposal might inflict on the embattled mining sector and because, according to the chamber’s legal team, Zwane is acting ‘ultra vires’, or beyond his powers, under the Mineral and Petroleum Resources Development Act (MPRDA). Zwane on Wednesday gazetted a proposal to restrict the granting of any new applications for prospecting or mining rights and the processing of applications for the renewal of prospecting or mining rights until the High Court delivers its judgment on an urgent interdict, lodged by the CoM, to have the third iteration of the Mining Charter (Mining Charter 3) set aside.
HOUSTON–(BUSINESS WIRE)–DXP Sets Date for 2017 Second Quarter Results Release and Conference Call
Activist shareholder Elliott Management said it has deep concerns over a proposal by BHP to enter the currently over-supplied fertiliser market, reiterating its call for change at the mining giant.
BHP has signaled it may push ahead with its long-dormant Jansen potash mine in Canada in a counter-cyclical play to capture part of what it sees as a $50-billion-a-year market by the mid 2040s.
Gold-mining company Pan African Resources is looking forward to a much improved performance in 2018 with a substantial increase in gold production. The group’s gold production guidance for the financial year ending June 30, 2018, is 190 000 oz-plus, a 10% increase on 2017 gold production.
Diversified miner South32 on Thursday reported an increase in production across most of its portfolio for the three months to June, compared with the previous quarter, but its full-year performance was lower for several commodities.
The Perth-headquartered group, which operates in Australia and South Africa, increased its alumina and aluminium production by 2% and 1% respectively in the June quarter, to 1.3-million tonnes and 248 000 t. The Mozal smelter, in Mozambique, and the South African aluminium refinery each delivered a 2% increase in output.
DUBLIN–(BUSINESS WIRE)–The “Global Valves Market in Mining Industry 2017-2021” report has been added to Research and Markets’ offering. The analysts forecast the global valves market in mining industry to grow at a CAGR of 5.77% during the period 2017-2021. Global Valves Market in Mining Industry 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
An EU court on Thursday upheld the bloc’s freeze on the funds of two companies charged with trafficking in conflict diamonds and supporting armed groups in the Central African Republic. In 2015, the European Union decided to block the European assets of Badica, a large diamond trading firm in the Central African Republic, and its Belgian unit Kardiam.
A sharp rise in rough diamond production at a time of stable diamond trading conditions has boosted diversified mining company Anglo American in the three months to June 30, when overall production was 8% up on a copper-equivalent basis. Rough diamond production increased by 36% to 8.7 million carats, with production in Canada reporting a nigh sixfold rise to one-million carats on the Gahcho Kué mine’s ramp-up, with production at De Beers Consolidated Mines in South Africa jumping 71% to 1.4-million carats on higher grades at the Venetia diamond mine in Limpopo.
ST. PAUL, Minn.–(BUSINESS WIRE)–Joining the PolyMet Mining Corp. board are veteran copper mining executives Dennis Bartlett and Mike Ciricillo.
Kumba Iron Ore has raised the full-year production guidance for its Sishen mine, in the Northern Cape, to 28-million to 29-million tonnes, owing to the solid and consistent performance and ongoing improvements at the mine. The mine produced 7.9-million tonnes of iron-ore in the second quarter of the year, ended June 30, a 38% year-on-year increase.
DUBLIN–(BUSINESS WIRE)–The “Global Synthetic Zeolites Market Analysis & Trends – Industry Forecast to 2025” report has been added to Research and Markets’ offering. The Global Synthetic Zeolites Market is poised to grow at a CAGR of around 4.7% over the next decade to reach approximately $14.21 billion by 2025. Some of the prominent trends that the market is witnessing include growing demand from laundry detergent manufacturers and heavy investment in manufacturing capacities. Based on ap
Canadian explorer and developer Black Iron will develop a new preliminary economic assessment (PEA) for its Shymanivske iron-ore project, in Ukraine, to take into account the favourable exchange rate and a phased development plan.
Instead of a 9.9-million-ton-a-year operation, as considered in the 2014 feasibility study, the PEA will be based on a scaled down, yet expandable design, starting with a four-million-ton-a-year operation.
VERNAL, Utah–(BUSINESS WIRE)–Superior Drilling Products Reports Second Quarter 2017 Preliminary Revenue Nearly Quadrupled Over Prior-Year Period.
Gold miner Caledonia mining has reduced its full-year production target to between 52 000 oz and 57 000 oz of gold, from the previously targeted 60 000 oz. The company’s Blanket mine, in Zimbabwe, produced 12 522 oz of gold in the quarter ended June 30, compared with the 12 510 oz produced in the second quarter of the previous year.
An optimisation of the feasibility study (FS) for the Savannah base metals project, in Western Australia, has lowered the expected C1 cash and operating costs of the operation, while targeting higher nickel, copper and cobalt output, owner Panoramic reported on Thursday.
Compared with a February FS, the optimised study decreased C1 cash costs from $2/lb to $1.40/lb nickel in concentrate, while operating costs have decreased from $4.50/lb to $3.10/lb of nickel.
Russian diamond major Alrosa has discovered two large diamonds this week, one of which weighs nearly 110 ct and the other a 75 ct stone.
The larger of the two diamonds was recovered at the No 3 processing plant of the Mirny mining and processing division on Tuesdsay, and the other diamond was recovered two days prior to that at the No 14 processing plant of Aikhal mining and processing division.
The Association of Mining and Exploration Companies (AMEC) has welcomed the Queensland government’s release of a blueprint for the North West minerals province, which contains a suite of actions to secure the long-term future of the minerals-rich region.
The strategic blueprint leverages existing initiatives and includes more than A$39-million for new measures focused on three strategic priorities, namely facilitating continued resources sector development, diversifying the regional economy and creating employment opportunities, and working with businesses and communities to deliver integrated and appropriate services.
Gold explorer and developer Dalradian Resources has started a 30 000-m surface drilling programme at its Curraghinalt project, in Northern Ireland, as part of its 2017 exploration programme.
Five drill rigs were currently operating, the company reported on Thursday.
ASX-listed Woodside Petroleum has reported its second quarter of production decline during the three months to June, despite the Pluto liquefied natural gas (LNG) project delivering record rates.
Production during the second quarter ended June reached 20.7-million barrels of oil equivalent, which was down from the 21.4-million barrels of oil equivalent delivered in the first quarter, with the North West Shelf delivering less LNG.
Australian oil and gas major Santos has increased its production and sales expectations for the full 2017, following another strong quarter.
The ASX-listed company was now expecting to produce between 57-million and 60-million barrels of oil equivalent during the full 2017, while sales volumes were expected to reach between 75-million and 80-million barrels of oil equivalent.
The Federal Court has recognised an exclusive native title claim over land on which Fortescue Metals Group’s $280 billion Solomon mine sits in WA’s ore-rich Pilbara region.
The Federal Court recognises an exclusive native title claim over land on which Fortescue Metals Group’s $280 billion Solomon mine sits in WA’s ore-rich Pilbara region.
Joint-venture partners Centerra Gold and Premier Gold Mines have submitted the environmental impact statement and environmental assessment (EIS/EA) to the Canadian Environmental Assessment Agency (CEAA) and the Ministry of the Environment and Climate Change (MOECC) to start the formal environmental review process of the Hardrock gold project, in Ontario.
The TSX-listed companies, which together formed the Greenstone Gold Mines (GGM) 50/50 joint venture to develop the Hardrock deposit, said on Wednesday that in preparing the applications, GGM has worked in close consultation with local Aboriginal communities, the Municipality of Greenstone and local stakeholders to ensure that their input was reflected within the final EIS/EA.
Base metals producer Taseko mines has restarted operations at its Gibraltar mine, in British Columbia, following a four-day hiatus as hundreds of wildfires ravaged the province’s interior.
The TSX-listed company said on Wednesday that restarting the mine will help to limit interruption and keep the payrolls going, which in-turn provides the community with stability and continuity as some employees rebuild their homes and lives.
It has been a messy, drawn-out process centred on a $280-billion mine which has divided the WA town of Roebourne and placed local Indigenous families at war.
The importance of policy in determining market attractiveness has been highlighted by recent analysis of market research firm BMI’s risk/reward index for the Americas.
Analyst found that countries with reliably stable business environments will continue to dominate the top mining risk/reward index scores in the Americas, reflecting miners’ prioritisation of reducing risk, given a volatile mineral price outlook.
British Columbia’s government took the unprecedented step on Wednesday of extending a state of emergency by two weeks as it battled 140 wildfires that have forced about 45 000 people from their homes.
The province’s Premier John Horgan said evacuated households would receive C$600 from the government to cover basic needs for every 14 days they cannot return home. The government announced the first such payment earlier this month after establishing a C$100-million fund.
Origin Energy’s chief geologist and a major pastoralist opposed to fracking have described the interim report by the Northern Territory’s independent inquiry into fracking as balanced.
