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Mining Industry News

22 miners rescued from Nicaragua gold mine after landslide

Posted September 1st 2014 at 7:26 am

Rescue workers have freed 22 miners who were trapped in a gold mine after a landslide in northern Nicaragua, and the government on Saturday vowed to continue search efforts for several workers that remained stuck underground. Some 29 miners were trapped on Thursday after heavy rains provoked a landslide at the mine in the Bonanza project, about 260 miles (420 km) northeast of Managua, which was closed about four years ago after being deemed unsafe.

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Quebec to hold public hearings on province’s uranium industry

Posted August 29th 2014 at 8:34 pm

Quebec will start holding public inquiries on the province’s uranium industry next week in an effort to iron out the issues concerning the industry in the province, with the help of specialists and resource persons. Created by the Bureau d'audiences publiques sur l'environnement (BAPE), the question and information phase of the commission’s inquiry would start on September 3 in Mistissini, northern Quebec, from where it would move to Quebec City for two-and-a-half weeks and end back in the far north of the province, in Kangiqsualujjuaq, on September 25.

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Codelco output rises but lower copper price eats into profit

Posted August 29th 2014 at 7:40 pm

Codelco, the world's No 1 copper producer, on Friday reported a rise in its first-half production, largely due to the contribution of a new mine, but a slide in the market price of copper metal eroded profits. The Chilean state-run company said it produced 788 000 t of copper in the January to June period, a 4% rise from 2013.

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Goldcorp reducing costs by embracing renewable energy

Posted August 29th 2014 at 7:23 pm

Over the past 18 months, Goldcorp, based in Vancouver, has built the organisational infrastructure to manage its energy demands far more efficiently, explained corporate energy manager Flyn McCarthy. He discussed how Goldcorp measured energy costs and the various options under consideration now that renewable energy could compete with grid pricing in an increasing number of locations.

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Osisko Gold Royalties ups stakes in two juniors

Posted August 29th 2014 at 7:10 pm

Canadian explorer Osisko Gold Royalties on Friday announced that it had lifted its interest in gold explorer Niogold Mining and base metals explorer Falco Resources. The TSX-listed firm closed a C$4.9-million private-placement for 14-million flow-through shares of NioGold at a price of C$0.35 a share, lifting its interest to 19.5%.

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Mineral beneficiation, industrialisation key to development – Finance Minister – by Martin Creamer ( – August 29, 2014)

Posted August 29th 2014 at 2:18 pm JOHANNESBURG ( – The key to the development of South Africa lay in mineral beneficiation and industrialisation in joint development with its regional neighbours, South Africa’s new Finance Minister Nhlanhla Nene told the Centre for Education In Economics and Finance (CEEF). Speaking at a CEEF dinner in Johannesburg on Thursday evening, Nene said value […]

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CHART: Copper price could follow iron ore over a cliff – by Frik Els ( – August 28, 2014)

Posted August 29th 2014 at 2:16 pm The price of copper has been swinging wildly since hitting a near four-year low in March. This week is no exception and the red metal is down 3% in since Tuesday erasing most of the gains from a surge in the price last week. In midday New York trade on Thursday, December copper fell […]

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Celebrity bullies like the ‘tar sands’ punching bag – by Doug Firby (Troy Media – August 27, 2014)

Posted August 29th 2014 at 2:15 pm Doug Firby is Editor-in-Chief and National Affairs columnist for Troy Media. The latest big hitter to take a swipe at Alberta’s biggest industry is Leonardo DiCaprio. His tour to the northern Alberta “tar sands” comes on the heels of visits by such high-profile heavy hitters as Neil Young, James Cameron and even spiritual leader […]

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Cronimet turns sod on large Namibian PV plant

Posted August 29th 2014 at 2:14 pm

Mining and energy solutions firm Cronimet Mining Power Solutions officially broke ground and began its engineering, procurement and construction (EPC) contracting activities for a large Namibian photovoltaic (PV) power plant on August 18. The PV project is located in Omburu, two hours north-west of Windhoek. When completed, the 4.5 MW grid-connected renewable-energy power plant, installed on 16 ha of arid land, would be Namibia’s first utility-scale ground-mounted PV system. French wind technology developer InnoVent, operating in Namibia as InnoSun, selected Cronimet Mining Power Solutions to manage and execute EPC services and to provide the construction-risk wrap for the project. To this end, Cronimet has established a Namibia-based EPC contracting and energy development services company, Cronimet Mining Power Solutions Namibia, to employ and transfer skills locally.

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Ring of Fire announcement greeted with shrugs from critics – by Jonathan Migneault (Sudbury Northern Life – August 28, 2014)

Posted August 29th 2014 at 2:13 pm ‘When will this horse drink,’ junior miner wonders The province announced Thursday its plans to establish an interim board for the Ring of Fire development corporation, but critics say the announcement has been too little too late. “I’m really pleased that we’re in a position today to take this very significant step forward to […]

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First pour at silver mine in Morocco

Posted August 29th 2014 at 1:45 pm

Canadian-listed Maya Gold and Silver on Thursday announced a successful first silver pour at the Zgounder Silver Mine in Morocco. The miner said the pouring is the result of 17 […]

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Atlatsa appoints new CFO

Posted August 29th 2014 at 1:35 pm

Atlatsa Resources on Friday announced the appointment of Boipelo Lekubo as CFO, effective September 1. Lekubo, a chartered accountant, had previously held finance and accounting roles at Total Coal South Africa and Northam Platinum and currently served as alternate director of Trans Hex.

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First Nations group working on Ring of Fire infrastructure plan (Northern Miner – August 28, 2014)

Posted August 29th 2014 at 12:19 pm

The Northern Miner, first published in 1915, during the Cobalt Silver Rush, is considered Canada’s leading authority on the mining industry. Yet another infrastructure plan is in the works for Ontario’s remote Ring of Fire region, this one for an infrastructure corridor consisting of a railway, power, and a seasonal sea port in James Bay. The […]

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Botswana fearing Ebola, rejects DRC copper hauls

Posted August 29th 2014 at 11:42 am

Botswana has barred entry to anyone travelling from the Democratic Republic of Congo (DRC) to prevent an Ebola outbreak in that country from spreading in the region. Border officials have […]

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Critics look for details on Ring of Fire ‘devco’ – by Carol Mulligan (Sudbury Star – August 29, 2014)

Posted August 29th 2014 at 11:37 am

The Sudbury Star is the City of Greater Sudbury’s daily newspaper. Sudbury Star mining columnist Stan Sudol levelled even harsher criticism. “With no First Nations or industry representatives on their board, this was obviously a rushed and cynical announcement to try to meet an election promise,” said Sudol.”Let’s not forget this development corporation was first announced 10 […]

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Legislative uncertainty in the SA minerals industry

Posted August 29th 2014 at 11:05 am

Chris Stevens, Director Mining and Resources at Werksmans Attorneys, outlines important issues with pending legislation in South Africa. The South African Minerals Industry finds itself somewhat in a lacuna in […]

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Ten tips for tackling the 'baby issue' at work

Posted August 29th 2014 at 9:00 am

Successful managers will be the ones that tackle family responsibilities and create environments which allow us to be successful at work and at home.

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Three powerful responses to tough sales objections

Posted August 29th 2014 at 9:00 am

When Ryan Caligiuri helps organizations, the most common reasons for them to stop communicating with a prospect is a result of three objections. The good news is that these barriers don’t mean you’ve hit a dead end. In fact, they can be overcome with some subtle shifts in approach.

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Social entrepreneur faces unexpected growing pains as business booms

Posted August 29th 2014 at 9:00 am

When junk removal company CleanStart started up almost five years ago in Vancouver’s Downtown Eastside, it was founded by one dedicated entrepreneur cleaning up hoarding in homes and garbage from alleyways. But scaling the business was fraught with challenges.

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Cameco shuts down McArthur, market reacts

Posted August 29th 2014 at 8:59 am

Uranium increased the most in more than 2.5 years after major producer Cameco announced it would be putting a stop to operations at its McArthur River uranium mine amid a […]

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