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Nickel Creek says Yukon project needs higher prices for development
Published: 26 Sep 18
Project developer Nickel Creek Platinum lost a third of its value on the TSX on Tuesday after the company announced that its flagship project in Yukon would not be advanced until prices strengthened and nickel settled in the range of $9/lb to $11/lb. Shares fell by as much as 44%, before closing 34% lower at C$0.105.
Sibanye reaches significant milestones in transaction with Regulus
Published: 25 Sep 18
JSE- and NYSE-listed Sibanye-Stillwater has reached significant milestones in its arrangement agreement with Regulus Resources and a newly-formed Regulus subsidiary, Aldebaran Resources, to unlock value at the Altar copper/gold project, in Argentina. Sibanye in June entered into the agreement with Regulus and Aldebaran to create a strategic partnership to unlock value at the Altar project.
Heron marks Woodlawn milestone
Published: 25 Sep 18
Base metals firm Heron Resources on Tuesday reported a significant milestone in the project development schedule of the Woodlawn zinc/copper project, in New South Wales, announcing that Pybar Mining has started underground activities. The company has a four-year underground mining contract with Pybar, which has mobilised to site and has started work on the ground support for the box cut walls and the first portal blast of the decline.
Alaska’s Peak Gold PEA published
Published: 25 Sep 18
The joint venture partner in Peak Gold have published the preliminary economic assessment (PEA) for the gold project, near Tok, Alaska, detailing the “attractive” economics of the openpit operation at a gold price of $1 250/oz. Using the base case gold price and a silver price of $17/oz, the PEA yielded a pre-tax net present value (NPV), using a 5% discount, of $393-million and an internal rate of return of 37%.
Mongolian court says copper mine nationalisation broke laws
Published: 21 Sep 18
The Mongolian government broke laws during a controversial attempt to seize full control over the Erdenet copper mine, a local court said on Thursday, the latest ruling in a long-running ownership dispute over one of Asia's biggest deposits. The Mongolian Copper Corporation (MCC) has been fighting for more than a year to stave off the government's attempt to gain control of the lucrative Erdenet mine by forcibly taking over the company's 49% holding for about $400-million.
Centaurus resumes Salobo West licensing process
Published: 21 Sep 18
ASX-listed Centaurus Metals will resume the environmental licencing process for its maiden drilling programme at the Salobo West copper/gold project, in Brazil, after an earlier decision to deny the company a drilling and clearing licence was overturned. The key environmental agency responsible for the approvals, ICMBio, has reportedly reconsidered its preliminary findings handed own in May, and has now given the go-ahead for the licencing process to resume.
750 t SANY excavator expected to be a big hitter in the mining industry Has PDF
Published: 21 Sep 18
What is believed to be the largest excavator in Africa has been launched by Goscor Earth Moving (GEM), part of the Goscor Group, and official distributor of SANY. The SY750 is a primary loading tool for the mining industry, from opencast to alluvial diamond mining. The 750 t excavator is ideal to load blasted material onto articulated dump trucks (ADTs), as well as for stripping top soil and free digging, Andre Steenkamp, General Manager of the SANY range under GEM, explains. For example, the 4.2 m3 bucket means that a 40 t ADT can be loaded in less than seven passes. “This is a highly affordable, large excavator.”
BHP's Spence copper mine in Chile partially closed following fire
Published: 21 Sep 18
Global miner BHP Billiton said on Thursday that a fire at its Spence copper mine in Chile had forced it to partially shut down operations. No one was injured in the fire, which has since been extinguished, the company said.
Goldman backs commodities as trade war fury now met with shrugs
Published: 21 Sep 18
Commodity bull Goldman Sachs Group says raw materials are poised to gain into the end of the year as investors have now become used to trade-war tensions, growth in top economies remains strong, and consumers who’d put off purchases in recent months start buying again. Copper jumped. “This week the trade war was escalated and markets shrugged it off with copper rallying,” analysts including Jeffrey Currie said in a note received on Friday and dated Sept. 20. “The reason is the market has already factored in an extended standoff between the US and China.”
Plastic pallets championed in factories
Published: 21 Sep 18
The use of wooden plastic pallets when considering the health and safety issues at factories is one of the most important decisions for managements, according to plastic pallets distributer Premier Pallets. The balancing act of juggling costs, “green conscience” regarding recyclability of company waste, and reputational damage is most obvious when there is a recall of products owing to the wrong choice of pallets.
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