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Mining Industry News

COLUMN-LME zinc stocks cancelled – signal or noise? – by Andy Home (Reuters U.S. – September 19, 2014)

Posted September 19th 2014 at 7:48 pm

 http://www.reuters.com/ (Reuters) – The zinc rally has run out of steam. The galvanising metal is still, just, the second-best performer among the base metals traded on the London Metal Exchange (LME) this year. But the benchmark LME three-month price has over the last couple of weeks retreated from above $2,400 per tonne to a current […]

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Mining companies must win hearts and minds or face further opposition – by Simon Rees (MiningWeekly.com – September 19, 2014)

Posted September 19th 2014 at 7:46 pm

http://www.miningweekly.com/page/americas-home “We know the Ring of Fire’s future will not be determined within the region itself but in southern Ontario, where the majority of the political ridings are,” she noted. “Or it will be decided [in Ottawa] to the extent that the federal government is involved.” “So we must win the hearts and minds of […]

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Gold price low and heading lower – by Evan Schwarten (Sydney Morning Herald – September 19, 2014)

Posted September 19th 2014 at 7:44 pm

 http://www.smh.com.au/ Gold prices are set to fall to a multi-year low as the US Federal Reserve winds back stimulus and contemplates lifting interest rates. Gold has fallen to its lowest level since January and analysts say the slide is likely to continue, putting a number of Australian gold producers under threat. The metal has fallen […]

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New planning tool could lead to ‘better results, less confrontation’ – by Bryan Phelan (Wawatay News – September 18, 2014)

Posted September 19th 2014 at 7:43 pm

http://wawataynews.ca/ Representatives of environmental groups and Matawa First Nations Management (MFNM) had preliminary talks earlier this year about Regional Strategic Environmental Assessment (R-SEA) as a new planning tool for the Ring of Fire. The Canadian Council of Ministers of the Environment once praised R-SEA as “an inherently proactive approach” and “a means to ensure that […]

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Mount Polley mine defends efforts to stop discharge – by Gordon Hoekstra (Vancouver Sun – September 16, 2014)

Posted September 19th 2014 at 7:42 pm

http://www.vancouversun.com/index.html Imperial Metals says it’s taking significant steps to stop the discharge of effluent and sediment from the collapse of its Mount Polley mine from entering Quesnel Lake. The company says it has built dikes, installed a new sump to collect water from the breach of the dam and used aerial seeding to prevent erosion […]

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China economic stimulus is like drinking beer – by Clyde Russell (Reuters U.S. – September 18, 2014)

Posted September 19th 2014 at 7:40 pm

http://www.reuters.com/ LAUNCESTON, Australia, Sept 18 (Reuters) – Many years ago my first-year economics lecturer at university used beer to explain the law of diminishing marginal utility. While the first beer on a Friday night tastes great and gives immense satisfaction, each subsequent drink delivers less until you stop enjoying yourself, and eventually the utility becomes […]

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Posco sees Indonesia as a hot spot – by Joo Kyung-Don (Korea JoongAng Daily – September 18, 2014)

Posted September 19th 2014 at 7:39 pm

http://koreajoongangdaily.joins.com/ CILEGON, Indonesia — Sweat comes easily and often in Indonesia, where average daytime temperatures reach a humid 33 degrees Celsius (91 degrees Fahrenheit). And the hottest place in the country just might be Krakatau Posco, Southeast Asia’s first integrated steel mill. “If you look at the history of steel industry, there is no mill […]

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Iron ore mafia flourish despite police action – by Naresh Chandra Pattanayak (Times of India – September 18, 2014)

Posted September 19th 2014 at 7:38 pm

http://timesofindia.indiatimes.com/international-home KEONJHAR: The authorities in the past few days have crack down on iron ore smugglers in Keonjhar district, making several seizures of illegally-extracted ore. However, such action has done little to daunt mineral mafia of the region. Sources alleged that authorities here are hand in glove with the ore smugglers and arrest only the […]

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Environmental groups pitch planning solution for Far North – by Bryan Phelan (Wawatay News – September 18, 2014)

Posted September 19th 2014 at 4:45 pm

http://www.wawataynews.ca/radio Ontario’s three major political parties promised during the 2014 provincial election campaign to speed mining development in the Ring of Fire. At the same time, however, two environmental groups were making finishing touches on a report calling for the province to put the brakes on that development, at least for now. Just four days […]

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As heat leaves mining, rest of Australia gets to breathe – by Wayne Cole (Reuters India – September 19, 2014)

Posted September 19th 2014 at 4:34 pm

http://in.reuters.com/ Sydney – (Reuters) – Australia’s miners face tough times amid a meteoric fall in the price of their cash cow, iron ore, but there are plenty of reasons to believe the rest of the economy can weather the storm and perhaps even profit from it. Instead, the cool down in mining should be a […]

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In a sea of cheap imports, how can a high-end furniture store stay afloat?

Posted September 19th 2014 at 9:00 am

As a high-end quality furniture store, how can Oshawa-Ont.-based Wilson Furniture survive in the market?

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Ten hardware must-haves for entrepreneurs

Posted September 19th 2014 at 9:00 am

Other than your smartphone, what piece of hardware is a must-have for entrepreneurs?

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When plan to help others sell in China fails, startup changes target

Posted September 19th 2014 at 9:00 am

In 2012, Frank Lavin, who had raised $5-million from family and friends, went live with an e-commerce platform, Export Now, that was conceived as an easy, low-cost way for American small businesses to sell their goods in China. The basic pitch: “Sell into China without leaving your desk.”

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Tanzania’s gold production expansion at Biharamulo

Posted September 19th 2014 at 8:55 am

Tanzania’s state mining (SMC) subsidiary Stamigold is planning to expand production at its Biharamulo gold mine to reach 40 000 oz of gold in 2015. Tanzania’s government bought the Tulawaka […]

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Komatsu launches KOMTRAX Plus monitoring system

Posted September 19th 2014 at 8:19 am

Komatsu has released its new KOMTRAX remote monitoring system designed specifically for mining equipment. The remote monitoring system, which provides access to view specific machine data via the internet on […]

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Centerra may earn stake in Pacific Ridge’s Yukon project

Posted September 19th 2014 at 8:14 am

TSX-listed Centerra Gold, which currently focuses on Central Asia, may be earning a stake in a gold project in northwest Canada, Pacific Ridge Exploration reported on Thursday. Pacific Ridge said it had entered into an agreement to option an interest in its road-accessible King Solomon project, in Yukon’s Klondike gold district. Centerra has the option to earn a 70% interest in the project by paying $665 000 to Pacific Ridge and by completing a minimum of $4.5-million in exploration work on the project by the end of 2017.

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Human rights group sues SEC over delays on resource extraction rule

Posted September 19th 2014 at 7:57 am

A human rights organization sued the US Securities and Exchange Commission (SEC) on Thursday, saying the agency is "unlawfully" delaying work on a rule that would require oil, gas and mining companies to disclose payments they make to foreign governments. Oxfam America, which has been championing the disclosure rule, said in the suit that the SEC's failure to complete work on it directly violates a deadline set by Congress.

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IDC’s $4.5bn steel project in two-phase roll out

Posted September 19th 2014 at 7:45 am

Hebei Iron and Steel Group, of China and South Africa’s Industrial Development Corporation (IDC) $4.5 billion steel project is continuing apace, with a detailed feasibility study set to be completed […]

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Baja confirms death of storm-hit Boleo project’s COO, CEO still missing

Posted September 19th 2014 at 7:25 am

The Boleo project, which TSX-V-listed Baja Mining owns with a consortium of Korean companies, has taken a knock this week as one senior executive advancing the project was confirmed dead and a second executive went missing after a tropical storm swept through the region. Baja Mining, which owns its 10% stake in the copper/zinc/manganese project through Minera y Metalurgica del Boleo S.A.P.I. de C.V. (MMB), reported on Thursday that MMB COO Kyoung Jin Park had drowned in a flash flood in the town of Santa Rosalia. MMB CEO Sung Keun Chai was thought to have been with Park at the time of the incident and was currently missing.

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Mining equipment market still depressed

Posted September 19th 2014 at 6:54 am

A recovery in China or from the mining industry is not forthcoming, says the world’s biggest maker of giant excavators, Hitachi Construction Machinery, so damping the view that a rebound […]

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