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

First ‘Resources for Future Generations’ conference to be held in Vancouver

13th April 2018 The Resources for Future Generations conference (RFG2018) is scheduled to make its debut on the Canadian resource conference circuit between June 16 and 21, in Vancouver, and is shaping up to be an event unlike the myriad of competing forums held in Canada throughout the year. RFG2018 chairperson... →

Stornoway's lower Q1 output belies Renard's large diamond potential

13th April 2018 Quebec’s sole diamond mine owner and operator Stornoway Diamond Corp has reported higher prices during the first quarter ended March 31 for diamonds produced from its Renard mine, which is increasingly showing a tendency to produce large diamonds. A stronger diamond market in general and the sale... →

Photo by Stornoway Diamond Corp
Renard, Quebec

International Frontier partnership spuds first hole at Mexican Tecolutla block

13th April 2018 Calgary-based oil and gas developer International Frontier Resources (IFR) announced on Thursday that the first evaluation well, TEC-10, has been spudded at its onshore Tecolutla block, in Mexico, which it is developing in partnership with Mexican joint venture (JV) partner Tonalli Energia. The... →

Shareholders give thumbs up for Leagold/Brio merger

13th April 2018 The shareholders of both Leagold Mining and Brio Gold have voted in favour of a friendly $264-million all-scrip offer by Leagold to acquire Brio. Brio now intends to seek a final order approving the transaction from the Ontario Superior Court of Justice by next Tuesday. Assuming all other... →

Trevali Q1 output a mixed bag but in line with expectations

13th April 2018 Zinc-focused miner Trevali Mining has reported first-quarter production that was generally in line with expectations as previous guidance had indicated a light quarter relative to the rest of the year, owing to the impact of seasonal winter conditions on Caribou’s zinc recoveries, in New... →

Global silver output falls 4.1% in 2017, as industrial demand ramps up – GFMS

12th April 2018 A new survey by the GFMS team at Thomson Reuters has found that global silver output had fallen 4.1% in 2017 to 852.1-million ounces. Prepared by GFMS, the report found that total physical demand of 1.02-billion ounces was 25% lower year-on-year, signalling that the tightening of the... →

Photo by Reuters
Workers pour molten silver into moulds

LG Chem cobalt deal sets tone for battery cathode market

12th April 2018 A new deal by Korean battery manufacturer LG Chem and China’s Huayou Cobalt is expected to set the tone for the lithium-ion battery cathode market. The two partners have announced a significant deal worth about $440-million to build a 40 000 t/y lithium-ion battery precursor materials plant and a... →

Barrick warns lower Q1 copper price to impact earnings

11th April 2018 The world’s largest gold bullion producer Barrick Gold has reported a 19% drop in first-quarter gold output that totalled 1.05-million ounces for the period ended March 31. Copper output fell 10.5% year-on-year to 85-million, reflecting the company’s strategic divestment of noncore assets as it... →

Rio Tinto becomes first aluminium producer certified under new sustainability benchmark

11th April 2018 Mining giant Rio Tinto has become the first company in the world to be certified under the Aluminium Stewardship Initiative (ASI) – a new benchmark for healthy environmental, social and governance practices across the aluminium lifecycle of production, use and recycling, the company announced on... →

Canadian miners report strong Q1 production

11th April 2018 Several Canadian miners have started publishing their production results for the three months ended March 31, reporting a strong start to the calendar year. Toronto-based Kirkland Lake Gold has reported strong first-quarter results, with output growing 13% year-on-year to 147 644 oz of gold. →

Canadian crude increasingly attractive for US Gulf Coast refineries as market landscape changes

10th April 2018 Canadian crude oil could account for up to one-third of the US Gulf Coast (USGC) region’s heavy oil refining market by 2020, a new report by market research and consultancy firm IHS Markit has found. According to the analyst’s latest research, supplies of Canadian oil sands heavy crude are... →

Global trade politics cast shadow over Canadian M&A action – Oreninc

10th April 2018 Market volatility continues to rattle the stock markets and metals commodities are alternately coming under pressure and recovering as US President Donald Trump and China stand-off over trade, or more specifically, their bilateral trade balance. It was against this backdrop that data company... →

Former South African President Kgalema Motlanthe joins Ivanhoe board

10th April 2018 Former South African President Kgalema Motlanthe has joined the board of project developer Ivanhoe Mines with immediate effect, the company announced on Tuesday. In his new nonexecutive capacity, Motlanthe is expected to bring a “new dimension” to the company’s strategic evaluations, consensus... →

Photo by Creamer Media
Former South African President Kgalema Motlanthe

Mountain Province, Kennady shareholders overwhelmingly vote in favour of merger

10th April 2018 Overwhelming majorities of Mountain Province Diamonds and Kennady Diamonds shareholders have approved the proposed merger of the companies. TSX- and Nasdaq-listed Mountain Province said that about 93% of the shareholders present in person or represented by proxy at the shareholder meeting on... →

Lithium Americas rises on Nevada Lithium project resource growth

10th April 2018 A new technical report on Lithium Americas’ 100%-owned Lithium Nevada project has increased the compliant measured and indicated resources by about 80% over the prior 2016 estimate, establishing the company as the largest and highest-grade known claystone lithium resource in the US. The National... →

Tahoe says La Arena fuel spill fully contained

10th April 2018 Dual-listed precious metals producer Tahoe Resources reported on Monday that it had fully contained a fuel spill at the La Arena mine, in Peru. According to a company statement, a contractor overfilled a diesel storage tank on Friday evening, spilling diesel into the containment facilities. →

Lydian nixes Newmont’s Amulsar royalty for fixed payments

10th April 2018 The TSX-quoted stock of Armenia-focused project developer Lydian International jumped 9.52% on Monday following the company's announcement that it has terminated a royalty agreement with former joint venture partner Newmont Mining, replacing it with a fixed payment option. Toronto-based Lydian... →

US to lead global crude production as soon as 2023 – IEA

10th April 2018 US shale production growth is expected to lift the jurisdiction to being the top oil producer globally by 2023, a report from the International Energy Agency (IEA) has shown. According to the IEA, US output will expand by 3.7-million barrels a day, more than half of the world’s expected... →

Kinross says it remains unaffected by US sanctions on Russia

10th April 2018 Canadian miner Kinross Gold said on Monday that a fresh round of US sanctions targeting Russian State officials or connected businesses that were announced on Friday does not affect its Russian operations. The US announced on Friday new sanctions against Russian oligarchs with ties to President... →

ATAC, Barrick spending to top C$13m at Yukon-based Rackla gold project

9th April 2018 In what is anticipated to be one of the largest exploration programmes in the Yukon this year, partners ATAC Resources and Barrick Gold have announced a C$13-million exploration budget for the Racklan gold project, in the Yukon Territory of North-West Canada. Under an April 2017 earn-in... →

Kinder Morgan suspends Trans Mountain Expansion project as political firestorm heats up

9th April 2018 Pipeline operator Kinder Morgan Canada (KMC) has placed non-essential activities and related spending to twin an existing crude oil pipeline between Alberta and British Columbia on ice, as opposition to the project in British Columbia intensifies. The C$7.4-billion project, which was previously... →

Orocobre Q3 production woes force 10% lower guidance

6th April 2018 Argentinian lithium producer Orocobre lost more than 8% on the TSX on Thursday after reporting lower-than-expected lithium production in the fiscal third quarter from the Olaroz mine, as weather issues interfered with evaporation rates, which caused management to lower guidance by 10%. Orocobre... →

Moody’s downgrades Eldorado credit rating

6th April 2018 Moody's Investors Service has downgraded Canadian miner Eldorado Gold’s corporate family credit to B2 from B1, citing high geopolitical risks, limited mine diversity, and execution risks related to its material development projects. "The downgrade of Eldorado's rating reflects the high execution... →

Stronger gold price lifts global ETF inflows – WGC

6th April 2018 Global gold-backed exchange-traded funds (ETFs) added 22.5 t of gold during March, increasing their holdings to 2 415 t valued at $102.8-billion, data provided by the World Gold Council (WGC) on Thursday shows. While the price of gold finished the month relatively flat $1 325/oz, a significant... →

First Cobalt drilling traces broad cobalt mineralisation at Woods Extension Zone

5th April 2018 Explorer First Cobalt has reported the results from its latest two drill holes from the Woods Extension zone of the Cobalt South project, in the Ontario-based Canadian Cobalt Camp, returning strong grades over narrow intervals. The reported results were fairly shallow tests of the Woods Extension... →

Mackenzie Valley review board OKs Tlicho all-season road; a boon for Fortune

5th April 2018 The Mackenzie Valley Environmental Impact Review Board has completed an environmental assessment of the Tlicho all-season road project, proposed by the Northwest Territories government, subject to 23 measures to reduce its environmental, social and cultural impacts. The conditional approval was... →

Teck lifts Quebrada Blanca Phase 2 ownership to 90%

5th April 2018 Canadian diversified miner Teck Resources has bought out a further 13.5% minority stake in the Quebrada Blanca Phase 2 (QB2) project, in Chile, for $52.5-million in cash by acquiring private Chilean company Inversiones Mineras (IMSA), the company said on Wednesday. The transaction lifts Teck’s... →

CAPP urges feds to ensure Canadian oil, gas benefit from growing global energy demand

4th April 2018 Despite surging demand globally for all forms of energy, Canada’s oil and natural gas industry is at risk as the cumulative effect of federal and provincial policies and regulations are fast thinning the country’s market opportunity by thwarting industry growth, competitiveness and market access,... →

Eldorado rises as Greek arbitration panel rejects State's claims

4th April 2018 The TSX-listed equity of Canadian gold and base metals producer Eldorado Gold lifted off recent 52-week lows on Wednesday, after the company announced a favourable ruling by an arbitration panel in its dispute with the Greek government over its Madem Lakkos metallurgical plant. Vancouver-based... →

Photo by Eldorado Gold
Visible mineralisation at Eldorado Gold's Skouries project, in Northern Greece

Nautilus receives further bridge loans as SPV launches in China

4th April 2018 Seafloor mining pioneer Nautilus Minerals continues to secure bridge financing from Deep Sea Mining Finance, with the latest advance of $3-million bringing the loans to date to $9.65-million, the company said on Tuesday. The bridge loans are expected to form part of a larger secured structured... →

Alcoa transfers $555m in Canadian pension obligations, assets to 3 insurers

4th April 2018 US-based aluminium producer Alcoa has signed agreements with three insurers to transfer about $555-million in Canadian pension obligations and related assets of its defined benefit pension plans in Canada. The Pittsburgh, Pennsylvania-based company advised that it expects to book a noncash... →

High-grade, low-cost silver options set Americas Silver up for growth

4th April 2018 Diversified miner Americas Silver is being cautious not to add too much silver to its zinc and lead production profile at a time when prices for the precious metal languish between the $16/oz to $20/oz level. “We are being very disciplined to not add too much new silver production to our... →

Photo by Americas Silver
Americas Silver's new San Rafael mine, in Mexico

Quebec govt sinks a further C$1.5m in Arianne Phosphate

3rd April 2018 Project developer Arianne Phosphate has received a C$1.5-million grant from the Quebec ministry of energy and natural resources for its Lac a Paul apatite project. The funding is part of the province’s plan to support the new local phosphate industry. →

Nevsun's Timok UZ PFS elevates deposit among best anywhere

3rd April 2018 A new prefeasibility study (PFS) on Canadian base metals producer Nevsun Resources’ Timok Upper Zone (UZ) copper/gold project, in Serbia, has confirmed the project as one of the best development-stage copper assets in the world, the company reports. Vancouver-headquartered Nevsun reported last... →

Cliffs to break ground on first hot-briquetted iron plant Thursday

3rd April 2018 US iron-ore company Cleveland-Cliffs of Ohio expects to break ground on its first hot-briquetted iron (HBI) plant in Toledo on Thursday. The $700-million plant signals a strategic step change for the company, whose HBI product is expected to supply the growing electric arc furnace (EAF) steel... →

Hudbay outlines new mine plan for Constancia; global resources dip on depletion

3rd April 2018 Canadian base metals producer Hudbay Minerals has released a new technical report on its flagship Constancia mine, in Peru, which lifted the operation’s value, while also extending the mine life. Toronto-headquartered Hudbay said a twin-hole drill programme during the fourth quarter of 2017 had... →

Power Metals prepares for spring drill programme

2nd April 2018 Exploration junior Power Metals is preparing to undertake an 8 000 m spring drill campaign on its Case Lake spodumene project, in Ontario, advising that it could increase planned drilling to 7 000 m during the fall, for total planned drilling of 15 000 m this year. The Vancouver-based company... →

Initial public offerings slow during Q1 as volatility keeps investors at bay

2nd April 2018 Initial public offerings (IPOs) on Canadian stock exchanges took a breather during the first quarter of this year, as issuers and investors digest a slew of relevant factors such as the implications of interest rate hikes, recent US tax changes, market volatility and threats to world trade,... →

Caledonia Mining hits new production record at Zim mine

30th March 2018 LSE Aim- and TSX-listed gold producer Caledonia Mining has achieved a new production record at its flagship Blanket mine, in Zimbabwe, reporting a 11.5% year-on-year output improvement to 56 133 oz for 2017. The London-based company, which owns a 49% stake in the Blanket gold mine said all-in... →

Iamgold unveils maiden resource estimate for Monster Lake

29th March 2018 Midtier gold producer Iamgold has reported a maiden resource estimate on the Monster Lake joint-venture property located 50 km southwest of Chibougamau, in Quebec. The resource estimate comprises 1.11-million tonnes of inferred resources averaging 12.14 g/t gold for 433 300 oz of contained... →

Goldcorp makes 3 000 oz ‘genesis block’ deposit as first blockchain technology used to store hard assets

29th March 2018 Major gold producer Goldcorp has made a 3 000 oz gold deposit into Tradewind Markets’ VaultChain platform, representing a significant milestone for blockchain technology to track and store hard assets. Goldcorp’s deposit reflects the ‘genesis block’ – the first block in a blockchain – and is the... →

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