Henry Lazenby

https://staging1.creamermedia.com/

Henry Lazenby

Henry Lazenby is Creamer Media Sr Deputy Editor: North America for Mining Weekly.

Tel: +27 11 622 3744 / +1 647 352 1305

Email: newsdesk@engineeringnews.co.za / henry@miningweekly.com

Lithium price may soften this year on ‘slight oversupply’ but EVs driving future optimism

8th June 2018 The lithium price might be in for a rough ride this year, as a supply response might overshoot what the market actually needs, London-based pricing intelligence firm Metal Bulletin’s head of research William Adams tells Mining Weekly in an interview. “We see a slight lithium surplus coming this... →

Lithium price may soften this year on ‘slight oversupply’ but EVs driving future optimism

8th June 2018 The lithium price might be in for a rough ride this year, as a supply response might overshoot what the market actually needs, London-based pricing intelligence firm Metal Bulletin’s head of research William Adams tells Mining Weekly in an interview. “We see a slight lithium surplus coming this... →

Oil & gas, mining industries anxious about top brass succession planning

31st May 2018 There is real anxiety in the oil and gas and mining industries regarding the lack of aptitude to replace an ageing top-level management talent pool, Stephen Diotte, partner and head of leadership services for Odgers Berndtson tells Mining Weekly Online. He recently joined the executive search... →

Strong PEA opens door for Eastmain to advance Eau Claire

31st May 2018 Toronto-headquartered gold developer Eastmain Resources says the strong economics demonstrated in the recent preliminary economic assessment (PEA) on its flagship Eau Claire project, located in Quebec’s James Bay region, has opened the door to proceed to the prefeasibility stage, while allowing... →

Photo by Eastmain Resources
Visible gold in core from Eastmain Resources' Eau Claire project, in Northern Quebec

Miners expect to weather one-day Canadian Pacific rail worker strike

31st May 2018 A one-day strike by Canadian Pacific (CP) Railway engineers and conductors is not expected to have a lasting impact on Canada’s mining operations, the Mining Association of Canada (MAC) said on Wednesday. Members of Teamsters Canada Rail Conference (TCRC) downed tools on Tuesday night following... →

E3 Metals rises on successful petro-lithium extraction bench tests

31st May 2018 The TSX-V-quoted equity of technology firm E3 Metals Corp jumped on Wednesday following an announcement by the company that it has succeeded in concentrating raw brine from 75 mg/ℓ to 1 206 mg/ℓ lithium in less than three hours, while simultaneously removing 99% of the critical metal impurities.... →

‘There is no knowing where the change will end’ – analyst

30th May 2018 The wave of change that the electrification of automobiles brings is moving beyond electric vehicles (EV) to the micro, artificial intelligence and autonomous mobility options, which should increasingly be brought into the outlook for the burgeoning market. “Big gambles and bold leadership does... →

Newmont sells royalty, streaming portfolio; takes 28% stake in Maverix Metals

30th May 2018 Gold major NYSE-listed Newmont Mining has agreed to sell its royalty and streaming portfolio to junior TSX-V-listed Maverix Metals in a cash-and-scrip deal that will see Newmont take a 28% stake in the aspirant royalty and streaming firm. Under the terms of the deal, Newmont will receive... →

Ottawa buys Kinder Morgan pipeline, expansion project for C$4.5bn

29th May 2018 Ottawa announced on Tuesday that it has reached agreement with pipeline builder and operator Kinder Morgan to buy the existing Trans Mountain pipeline and associated controversial expansion project for C$4.5-billion, in the clearest-yet government signal that the oil expansion project is of... →

Photo by Reuters
Canada's Finance Minister Bill Morneau speaks while Mining Minster Jim Carr listens during a news conference in Ottawa

Kinder Morgan cleans up Trans Mountain spill as high noon looms

29th May 2018 Canadian pipeline operator Kinder Morgan reported on Sunday that it is clearing medium crude blend from the Darfield pump station along the existing Trans Mountain pipeline, near Barriere, British Columbia, after oil spilled early on Sunday morning. Trans Mountain, owned by Kinder Morgan, said in... →

Photo by Reuters
Kinder Morgan's Westridge Terminal, in North Vancouver, is seen accross the Burrard Inlet

Pacton rises on prospective Pilbara property, mining lease buy

29th May 2018 Canadian exploration junior Pacton rose to a new 52-week high on Monday after it announced that it has agreed to acquire the Friendly Creek exploration licence and mining leases, in Western Australia, from private Australian vendors. The Vancouver-based company has signed a binding letter of... →

Ontario Chamber of Commerce roundtable calls for provincial resources strategy

28th May 2018 A roundtable comprising representatives from diverse sectors of society has resolved to call for clearer legislative direction regarding Ontario’s wealth of resources, the Ontario Chamber of Commerce announced on Monday. Held in Timmins, Ontario, the roundtable heard from representatives... →

Summer doldrums could see lower lows for gold as upside headwinds mount

26th May 2018 Gold bug Mickey Fulp does not expect the gold price to break out this year, bar any substantial geopolitical event that upsets the state of the global economy. During a recent mining conference held in Vancouver, the ‘Mercenary Geologist’ told Mining Weekly Online that he expects gold to test new... →

D1 Mint buys 1 500 investment-grade diamonds for new diamond-backed crypto coin

25th May 2018 The emergence of blockchain technology is helping to turn diamonds into a new investment asset class that, in turn, could drive future demand for natural diamonds, the creator of a new diamond-backed crypto coin said on Friday. Singapore-based D1 Mint, the creator of the diamond-backed D1 Coin,... →

McEwen Mining PEA outlines new lease on life for El Gallo Complex

25th May 2018 Dual-listed precious metals producer McEwen Mining has published a preliminary economic assessment (PEA) on its El Gallo Complex, in Sinaloa state, Mexico, outlining a redevelopment plan called Project Fenix that could add between 10 and 12 additional years to the operation. Based on an updated... →

Photo by Bloomberg
McEwen Mining chief owner Robert McEwen

Centerra agrees to extend first Kyrgyz agreement longstop date by a month

25th May 2018 TSX-listed gold producer Centerra Gold has agreed to a month’s extension of the first longstop date of a strategic accord it signed with the Kyrgyz government on September 11, 2017. The Toronto-based miner said the first longstop date is the date by which all conditions precedent to the... →

Centerra Gold's Kumtor mine, in Kyrgyzstan

Northern Dynasty tumbles on First Quantum’s Pebble pull-out

25th May 2018 The TSX-traded stocks of base metals producer First Quantum Minerals and Northern Dynasty Minerals tumbled on Friday following an overnight joint announcement that the companies have terminated a 2017 framework accord that envisioned the partners closing an option and partnership transaction to... →

Nautilus unveils spider-inspired sediment sampler

25th May 2018 Marine mining pioneer Nautilus Minerals has unveiled a new autonomous sediment sampler called the 'Nautilus Jumping Spider’ for use in sampling deep-sea deposits, that could cut exploration costs “by an order of magnitude”, the company reported on Thursday. Nautilus said it has successfully... →

Fireweed tumbles following positive Macmillan Pass PEA

25th May 2018 Vancouver-based explorer Fireweed Zinc has reported strong economic indicators for its Macmillan Pass project, in Canada’s Yukon Territory, sending its TSX-V-listed stock up 6% on Thursday to open at a 52-week high, before closing down 11% by market close. Based on metal price assumptions of... →

EY’s Canadian Mining Eye Index falls in Q1

25th May 2018 The EY Canadian Mining Eye Index has shown a decline in first-quarter performance, falling 8% from the fourth quarter of 2017, the professional services firm reported on Thursday. Based on the 2018 operating guidance released by the majority of Canadian gold mining companies, average production... →

Only one-third of the 15 largest copper producers reported positive production trends – S&P Global

25th May 2018 Only about one-third of the 15 largest copper producers with output of more than 40 000 t of copper per quarter reported positive production trends during the first quarter of this year, driving quarter-on-quarter output 4.8% or 136 548 t lower, a new report by S&P Global has found. However, on... →

Global copper surplus falls 12.8% to 110 000 t

24th May 2018 The global refined copper balance for the first two months of this year indicates a surplus of about 110 000 t, a 12.8% drop year-on-year, the International Copper Study Group has found. The Lisbon, Portugal-based think tank said apparent refined demand increased 3.9% year-on-year to 3.77-million... →

Optimistic diamond price outlook could underpin a return to profit, dividends – Zimnisky

24th May 2018 Absent any significant global economic disturbances disrupting consumer diamond demand, incremental year-on-year diamond production declines are forecast to drive real diamond prices up by about 10% cumulatively from 2018 through 2021, or 17% in nominal terms, a new report by independent analyst... →

Copper shortfall expected – Antofagasta CEO

24th May 2018 London-based base metals company Antofagasta said on Wednesday it expects a shortfall of copper to emerge because of the slow rate at which new mines are permitted and built. Antofagasta chairperson Jean-Paul Luksic said at the company's annual general meeting that the emergence of new sources of... →

Advantage Lithium reports six-fold resource upgrade at Cauchari

24th May 2018 The TSX-listed equity of explorer Advantage Lithium rose more than 7% on Wednesday after it reported a six-fold resource increase at the Cauchari joint venture (JV), in Argentina. The Vancouver-based company reported a three-million-tonne inferred resource that comprise the northwest and... →

Photo by Advantage Lithium
Cauchari, Argentina

Euro Sun says Rovina Valley mining licence working its way through Romania govt

24th May 2018 TSX-listed project developer Euro Sun Mining reported on Wednesday that the mining licence for its flagship Rovina Valley copper/gold project, in Romania, is working its way through government, with the National Agency for Mineral Resources and the Secretary General of Government (SGG) having... →

Cobalt 27 announces first-ever cobalt/nickel streaming deal

23rd May 2018 Canadian cobalt company Cobalt 27 has created the world’s first cobalt/nickel streaming deal with ASX-listed Highlands Nickel on the Ramu mine, in Papua New Guinea (PNG). The two partners have signed a metal purchase and sale agreement (MPA) giving Cobalt 27 the right to buy 55% of Highlands... →

Rio Tinto confirms talks to sell $3.5bn Grasberg stake

23rd May 2018 Multinational diversified miner Rio Tinto confirmed on Tuesday that it is in talks to potentially sell its stake in the Grasberg copper/gold mine, in Indonesia, to PT Indonesia Asahan Aluminium (Inalum) for $3.5-billion. Media rumours swirled on Tuesday about the deal, prompting Rio Tinto to make... →

Oil pipeline plot thickens as British Columbia files Alberta suit over ‘tariff-like’ Act

23rd May 2018 A significant disruption in the supply of gasoline, diesel and crude oil from Alberta to British Columbia would cause British Columbia “irreparable harm” and could “injure human health and safety in remote communities”, the provincial government argued in a statement of claim filed in Alberta's... →

Gensource project development secured as formal offtake accord is signed

19th May 2018 The development of Gensource Potash’s first 250 000 t/y production module at its Vanguard project, in Saskatchewan, is another step closer to realisation after the company announced on Friday that it has signed a definitive offtake agreement with a major North American agriculture industry... →

Yamana pours first gold at Cerro Moro

18th May 2018 Canadian gold producer Yamana Gold announced this week that it has poured the first gold and silver doré at its Cerro Moro project, in Argentina. The operation started feeding ore to the 1 000 t/d processing plant in April, and is expected to ramp up to commercial production over the second... →

Centerra sells royalty portfolio, Kemess silver stream for $200m

17th May 2018 Canadian gold miner Centerra Gold has agreed to sell its royalty portfolio and silver stream on the Kemess project, in British Columbia, to Triple Flag Mining Finance Bermuda for $200-million. The royalty sale comprises the sale of subsidiary AuRico Metals’ (AMI’s) royalty portfolio, together... →

Semafo hits 97% completion at Boungou, expects first gold by June

17th May 2018 Montreal-based miner Semafo reports that construction of its $231-million Boungou mine, in Burkina Faso, is 97% complete. Commissioning of the process plant is under way, with the first ore scheduled to be introduced to the mill circuit by month-end, the West Africa-focused miner said on Thursday. →

Argonaut appeals La Colorada explosives suspension, reports hearing delay

17th May 2018 The TSX-listed equity of gold producer Argonaut Gold traded lower on Thursday after it announced that it has appealed an April Mexican court decision that suspended its explosives permit for the La Colorada mine. The company has appealed the original Judiciary Court decision to temporarily... →

Tianqi Lithium picks up minority SQM stake for $4.07bn

17th May 2018 Lithium producer Tianqi Lithium has secured a 24% stake in Sociedad Quimica y Minera de Chile (SQM) from crop nutrient producer and distributor Nutrien, for $4.07-billion. Nutrien's sale of its SQM holdings was required by the Competition Commission of India and Ministry of Commerce in China... →

Leagold gets antitrust thumbs up to acquire Brio Gold

17th May 2018 Gold miner Leagold Mining said on Wednesday it has received clearance from the Mexican Competition Commission to proceed with the proposed $264-million all-scrip deal to acquire Brio Gold. The clearance decision from the Comisión Federal de Competencia Económica was the last government agency... →

Premier’s Cove PEA sets stage for Nevada-focused exploration camp

16th May 2018 Canadian miner Premier Gold has reported strong economic metrics for its 100%-owned Cove project, near Battle Mountain, Nevada. Based on a gold price assumption of $1 250/oz, the PEA calculated an after-tax net present value (NPV), applying a 5% discount rate, of $143-million. →

Golden Reign inks LoI to merge with Wexford Capital’s Marlin Gold

16th May 2018 The TSX-V-listed equity of Golden Reign Resources jumped nearly 32% on Tuesday after it announced that it has signed a letter of intent (LoI) to acquire private firm Wexford Capital’s Marlin Gold business. Golden Reign plans to buy all of the issued and outstanding common shares of Marlin Gold,... →

Katanga ramps up DRC copper, cobalt production as legal woes mount

15th May 2018 Commodity giant Glencore’s majority owned and publicly traded Democratic Republic of Congo- (DRC-) focused copper/cobalt unit Katanga Mining is ramping up output after resuming production from the Phase 1 whole ore leaching project on December 11, the company reported on Tuesday. Katanga will... →

Mountain Province welcomes former De Beers CFO as new CEO

15th May 2018 Canadian diamond producer Mountain Province Diamonds has appointed Stuart Brown as incoming president and CEO, effective from July 1, to replace interim president and CEO David Whittle, who took the helm following the immediate departure of former president and CEO Patrick Evans in June last... →

WPM hopeful of reaching CRA settlement deal; progress on new $500m+ contracts

15th May 2018 The world’s largest precious metals streaming firm Wheaton Precious Metals (WPM) has reached out to the Canadian Revenue Agency (CRA) to try and reach a settlement, but to no avail yet, president and CEO Randy Smallwood told Mining Weekly Online in an interview on Monday. The Vancouver-based... →

Photo by Bloomberg
Wheaton Precious Metals president and CEO Randy Smallwood

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