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

Private capital carves out mining niche with specialist focus

28th March 2018 Generalist investment funds are having a hard time keeping up with the success private capital lenders have enjoyed in the mining space in recent quarters, with private equity firms carving out their niche by being specialists at their game. The generalist funds are underwriting real estate and... →

Barrick founder Peter Munk passes at 90

28th March 2018 Canadian entrepreneur and philanthropist Peter Munk passed away peacefully in Toronto on Wednesday, miner Barrick Gold said in an announcement. Munk will best be remembered in mining circles for founding Barrick as a single-asset company in 1983 and building it into the world’s largest bullion... →

Photo by Reuters
The late Barrick Gold founder and chairperson emeritus Peter Munk

Husky Energy faces ten charges over 2016 oil spill

28th March 2018 A 19-month investigation into an oil spill into the North Saskatchewan River has resulted in ten charges being filed against Husky Energy and Husky Oil Operations, Environment and Climate Change Canada announced on Tuesday. The charges stem from an incident in July 2016, when about 1 570 bbl of... →

Orano lifts Midwest project resources

28th March 2018 Uranium producer Orano Canada (formerly Areva Canada Resources) has reported a 287% increase in the compliant inferred resource at its Midwest project, located in the eastern Athabasca basin, northern Saskatchewan, while the indicated resource grew by 4.2%. The Midwest project is now estimated to... →

Gensource inks second offtake accord with potash major

27th March 2018 Potash project developer Gensource Potash has secured a second potash offtake deal in a week with a hitherto unnamed senior North American agriculture industry player. Saskatoon, Saskatchewan-based Gensource said on Tuesday that the nonbinding memorandum of understanding (MoU) contemplates the... →

Champion to send off first shipment of up to 200 000 t high-grade iron-ore

27th March 2018 Canadian miner Champion Iron Ore announced on Tuesday that preparations for the first shipment of high-grade iron-ore from subsidiary Quebec Iron Ore’s (QIO’s) Bloom Lake mine, in Quebec, are under way, following the arrival of the MV Magnus Oldendorff at the Port of Sept-Îles. The Montreal,... →

North American Palladium makes PGM discovery at Sunday Lake

27th March 2018 Winter exploration results from the Sunday Lake platinum-group metals (PGM) deposit, 25 km northeast of Thunder Bay, Ontario, has led to the discovery of new PGM mineralisation in the central part of the property, with extensions to the east, that open up a much larger area for exploration, North... →

Gahcho Kué flexes cash flow muscle

27th March 2018 The Gahcho Kué diamond mine, in Canada’s Northwest Territories, has demonstrated strong cash flow generating capabilities over the operation’s first two commercially active financial quarters. Toronto-based miner Mountain Province Diamonds on Monday stressed that 2017 was a milestone year for the... →

Stornoway swings to FY loss

26th March 2018 Diamond producer Stornoway Diamond Corp has swung to a net loss of $114.6-million for 2017, compared with net income of $19.6-million in 2016. Longueuil, Quebec-based Stornoway said its full-year results reflected a lower diamond price environment than originally forecast. →

Mexican federal court approves Odyssey’s offshore sulphate mining permit; others to benefit

24th March 2018 The Mexican Superior Court issued a unanimous ruling this week in favour of Nasdaq-listed Odyssey Marine Exploration’s subsidiary Exploraciones Oceánicas (ExO), which overturned a previous denial of ExO’s environmental permit application to extract phosphate sand at its Don Diego project, in the... →

Largo narrows FY17 loss as record Q4 output, rising metal prices boost bottom line

24th March 2018 Canadian vanadium producer Largo Resources has narrowed its net loss for 2017 to C$10.4-million, or C$0.02 a share, as record fourth-quarter production dovetailed into higher realised prices for its vanadium pentoxide (V2O5) product. Largo set a new monthly production record in December at its... →

SLAM stakes new cobalt project in Bathurst Mining Camp

23rd March 2018 Base metals-focused project generator SLAM Exploration's shares jumped 50% on Friday after the junior announced that it had acquired a new cobalt exploration property in the Bathurst Mining Camp of New Brunswick through claim staking. The Miramichi, New Brunswick-based explorer said it had staked... →

US Army Corps announces scoping period for Northern Dynasty’s Pebble project

23rd March 2018 The US Army Corps of Engineers' Alaska District will publish a notice of intent in the US federal register next week to prepare a draft environmental-impact statement (EIS) to review the Pebble Limited Partnership’s (PLP's) application to discharge fill material into US waters for the purpose of... →

Eldorado falls to new 52-week low as Q4 results, technical studies fail to impress

23rd March 2018 Canadian gold producer Eldorado Gold has slipped to a fresh 52-week low on both the TSX and NYSE on Thursday after it reported disappointing fourth-quarter financial results and a 10% fall in overall gold reserves. Vancouver-based Eldorado reported a net loss of $20.7-million, or $0.03 a share,... →

Barrick bags another confidence boost as S&P upgrades rating to ‘BBB’, stable

23rd March 2018 The world’s largest gold producer Barrick Gold’s intensive corporate strategy to reduce debt and company-wide costs over the last several quarters has been paying off, with a second major credit ratings agency upgrading the miner's long-term corporate credit rating this month. S&P Global Ratings... →

Excellon swings back into black on dry mining conditions

23rd March 2018 Mexico’s highest-grade silver producer, Excellon Resources, has reported its first quarterly headline profit since the second quarter of 2016, thanks to optimisation efforts to effectively dewater the flagship Platosa mine. The Platosa deposit comprises several high-grade massive sulphide mantos... →

RNC seeks alternatives for Beta Hunt as it prioritises Dumont development

23rd March 2018 The TSX-quoted equity of diversified miner RNC Minerals jumped 11.5% on Thursday following the company announcing that it will prioritise development of the Dumont nickel/cobalt project, in the Abitibi region of Quebec, and seek alternatives for its Beta Hunt gold and nickel mine, in Western... →

BC govt unveils tax incentives to induce Kitimat LNG development

22nd March 2018 The British Columbia minority government on Thursday unveiled several measures to entice natural gas development in Kitimat, where LNG Canada is working towards a development decision on a new C$40-billion terminal that will process and ship liquefied natural gas (LNG) to Asian markets.... →

Wheaton Precious Metals beats 2017 guidance, lifts dividend 29%

22nd March 2018 The world’s largest precious metals streaming firm Wheaton Precious Metals has declared a quarterly dividend of $0.09 a share – up 29% year-on-year as record production lifted the bottom line. The Vancouver-headquartered company reported full-year silver output of 28.6-million ounces, which was... →

Caledonia Mining hits new production record at Blanket mine; to increase mine stake

22nd March 2018 Aim- and TSX-listed gold producer Caledonia Mining has achieved a new production record at its flagship Blanket mine, in Zimbabwe, reporting an 11.5% year-on-year improvement in output to 56 133 oz for 2017. The London-based company, which owns a 49% stake in the Blanket gold mine said all-in... →

Rising synthetic diamond output lifts discount to natural stones

22nd March 2018 An analysis from independent New York-based diamond analyst Paul Zimnisky has shown that prices for synthetic laboratory-created diamonds are falling at an accelerating pace. Lab-created diamonds have enjoyed a 71% year-on-year improvement of its discount to natural equivalents over the past 12... →

B2Gold sets record straight as Mali mulls mining code amendments

22nd March 2018 Canadian miner B2Gold has issued a statement confirming that the full details of any proposed new Mali mining code and the timing for its implementation are not known at this time. The miner responded to recent media reports attributing statements to a government minister at a joint news... →

Global copper deficit widens 21% in 2017 as refined supplies stagnate

21st March 2018 The latest data from the Lisbon, Portugal-based International Copper Study Group (ICSG) points to a 21% year-on-year widening in the global deficit of refined copper, as refined supplies remain stagnant. During 2017, the global refined copper balance slid to a deficit of 163 000 t of red metal,... →

Oyu Tolgoi completes sinking Shaft 5

21st March 2018 Mongolia’s massive Oyu Tolgoi copper/gold mine has achieved its latest important milestone after sinking of the new Shaft 5 has been completed. The shaft has a final depth of 1 178 m. →

Emgold outlines nearly 300 000 oz of gold, plans 2-phased approach to develop Golden Arrow

21st March 2018 A technical report on the Golden Arrow deposit, in Nevada, has outlined compliant indicated and measured resources of nearly 300 000 oz of gold, showing the project is deserving of further work to determine its financial viability, a news release by junior explorer Emgold Mining advised this... →

First Cobalt undertakes study to assess mine waste rock; success could impact overall strategy

21st March 2018 ASX- and TSX-V-listed First Cobalt has launched a metallurgical study on the high-grade inventory of refinery residue and crushed waste rock material located near the company’s mill facility, located in the Canadian Cobalt Camp, in Ontario. First Cobalt has partnered with Dundee Sustainable... →

Eco Oro pursues $764m suit against Colombia as Angostura project postures to perish

20th March 2018 Junior project developer Eco Oro Minerals is pursuing a $764-million judgement against Colombia after a court ruling has cancelled exploration over half its concession as part of national efforts to preserve high-altitude wetlands, known as the Páramos. The Vancouver-headquartered company has... →

Photo by Eco Oro Minerals
Angostura project, Colombia

Capstone reports Cozamin fatality

20th March 2018 Operations at Canadian base metals miner Capstone Mining’s Mexico-based Cozamin mine were temporarily suspended on Sunday, after an electrician lost his life while working on an underground voltage regulator. The worker was immediately transported to a hospital in Zacatecas state, where he later... →

EV adoption rate reaching critical mass as search for ethical cobalt heats up

20th March 2018 Cobalt company Cobalt 27 is seeing an ideal storm brewing for its key commodity as the adoption rate of electric vehicles (EVs) accelerates faster than even optimistic forecasts had speculated. “Cobalt 27 is a proxy for the adoption of the EV,” executive chairperson Anthony Milewski told Mining... →

US Congressional action underscores strong desire to establish domestic REE supply chains

19th March 2018 Recent US Congressional actions point to a strong desire to establish domestic rare earth element (REE) supply chains, as the industry seeks to diversify away from dominant producer and consumer – China. Congress continues to work on the development of REE separation technologies, as evidenced by... →

Rare-earth oxides

Yauricocha strike ends, not to impact Sierra Metals guidance

19th March 2018 TSX- and NYSE American-listed Sierra Metals reported that a wildcat strike by less than 10% of workers employed at its Yauricocha mine, in Peru, has ended with minimal disruption and no expected impacts on 2018 production. Sierra said the strike action started on Friday and ended following... →

Anaconda turns hostile in bid to buy Maritime Resources

19th March 2018 The TSX-V-listed stock of junior explorer Maritime Resources jumped by 20% on Monday morning following an announcement by Atlantic Canada-focused project consolidator Anaconda Mining that it intends to take a takeover deal directly to shareholders following inaction by the Maritime board.... →

Alio to lift output 65% this year through Rye Patch Gold buy priced at C$128m

19th March 2018 The TSX-V-listed equity of Rye Patch Gold jumped more than 11% on Monday following a joint announcement with junior explorer Alio Gold that the companies have agreed to execute a plan of arrangement through which Alio will acquire Rye Patch. Vancouver-based Alio, which is operating the San... →

Wheaton Precious Metals portfolio biased to gold as organic growth pipeline lags

19th March 2018 Canadian streaming firm Wheaton Precious Metals (WPM) has seen the proportion of precious metals in its production profile shift, with about two-thirds weighted to gold, as several of its silver-focused organic growth projects languish behind plan. The Vancouver-based company expects to have... →

Photo by Bloomberg
Wheaton Precious Metals CEO Randy Smallwood smiles during an interview at the Prospectors & Developers Association of Canada Convention, in Toronto

Relaxed export, production quotas an 'inflection point' for Chile's lithium industry

16th March 2018 In the days following conservative billionaire Sebastian Pinera being sworn in as president of Chile for a second term on Sunday, the new government is signalling a more relaxed approach to the hot-button issue of lithium production and exports. This week's announcement that the Chilean Nuclear... →

Kinross adopts new 'poison pill'

16th March 2018 Dual-listed miner Kinross Gold has adopted a new shareholder rights plan to replace the expiring existing document from March 29, the company announced on Thursday. The new plan will ensure that Kinross and its shareholders continue to receive the benefits associated with the current shareholder... →

Mistrust between miners, host govts hampering efforts to realise African Mining Vision

16th March 2018 Endemic mistrust between private sector miners and African jurisdictions belies the spirit and objectives set out in the African Union's African Mining Vision, an audience attending the eighth MineAfrica panel discussion at the Prospectors and Developers Association of Canada conference heard on... →

Oliphant talks up Mantashe's mining pedigree in Toronto

15th March 2018 South Africa's Deputy Mineral Resources Minister Godfrey Oliphant talked up the mining pedigree of newly installed Minister Gwede Mantashe during the recent Prospectors and Developers Association of Canada's annual convention, held in Toronto. "His previous mining experience is an advantage for... →

Photo by Henry Lazenby
SA Deputy Mining Minister Godfrey Oliphant holds a gold casting of former President Nelson Mandela's hand during the 2018 PDAC convention, in Toronto

Paradigm shift required to position mining industry for long-term success

15th March 2018 The long-term mindset of the mining industry will have to change to position itself for long-term success, set against an ever-changing landscape, says BHP Billiton's head for Minerals America, Daniel Malchuck. He told an audience during the keynote session of the recent Prospectors and... →

Photo by BHP Billiton
Escondida, Chile

Fission's latest drill results mark steady high-grade march westward as PLS expands

14th March 2018 The final four drill holes of Fission Uranium's winter exploration campaign on the R1515W zone, at its Patterson Lake South (PLS) property, in Canada's Athabasca Basin region, have all returned mineralised intercepts, with three holes encountering high-grade radioactivity. At shallow depth,... →

RNC's Mark Selby dispels myths regarding nickel demand as new EV markets beckon

14th March 2018 Tightening long-term fundamentals for nickel are sketching a rosy picture for the stainless steel-making ingredient, as increased dependence from the burgeoning electric vehicle (EV) market adds a growing new demand stream in an already constrained supply scenario. RNC Minerals president and CEO... →

Photo by Reuters
Nickel ore

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Newsletters

Sign up for our FREE daily email newsletter

Receive daily sector news alerts

More

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Subscribe