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Mining Industry News

Industry Warns Copper Boom at Risk – by John Quigley (Bloomberg News – May 26, 2015)

Posted May 27th 2015 at 4:13 pm

http://www.bloomberg.com/ Peru tightened security and closed schools in the country’s south as unions began a 48-hour protest as part of the biggest wave of mining opposition in three years. A contingent of riot police guarded the main square of Arequipa, the biggest southern city, and shop windows were partially shuttered, Radio Programas reported. Police and […]

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Inside the war on coal – by Michael Grunwald (Politco.com – May 2015)

Posted May 27th 2015 at 4:11 pm

http://www.politico.com/ How Mike Bloomberg, red-state businesses, and a lot of Midwestern lawyers are changing American energy faster than you think. The war on coal is not just political rhetoric, or a paranoid fantasy concocted by rapacious polluters. It’s real and it’s relentless. Over the past five years, it has killed a coal-fired power plant every […]

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Quebec miners rescued from underground gold mine (CBC News Montreal – May 26, 2015)

Posted May 27th 2015 at 3:33 pm

http://www.cbc.ca/news/canada/montreal 2nd collapse at mine in 4 months, likely caused by seismic activity After being trapped for nearly 18 hours, nine miners have been rescued and are back on the surface following a collapse at a gold mine in the Abitibi region of Quebec. The miners became trapped around 3:30 a.m. ET on Tuesday in […]

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Feasibility study finds Eldorado Gold’s Certej project a valuable low-cost asset

Posted May 27th 2015 at 3:27 pm

A new feasibility study on multinational miner Eldorado Gold’s western Romania-based Certej project has found that the now shovel-ready project was a boon to its low-cost asset base. The company’s subsidiary, Deva Gold, through which Eldorado owned an 80.5% stake in Certej, and an internal team supported by Canadian and Romanian consultants found in the study that the project had an after-tax net present value at a 5% discount of $229-million.

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New project adds some lustre to Quebec’s depressed iron market – by Robert Gibbens (Montreal Gazette – May 26, 2015)

Posted May 27th 2015 at 2:20 pm

http://montrealgazette.com/ Two iron mine closures in 2013 took a heavy toll on the Quebec-Labrador trough, but Tata Steel and partner New Millennium Iron Corp. are ramping up a new export project to hit annual capacity of 6 million tonnes next year. The DSO (direct shipping ore) project, as it is known, is managed by Tata […]

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Turn Out the Lights: Australia Calls Commodity Spending Boom End – by David Stringer (Bloomberg News – May 27, 2015)

Posted May 27th 2015 at 2:07 pm

http://www.bloomberg.com/ Australia, an engine room of the decade-long global commodity boom, is forecasting a staggering 90 percent plunge in spending on projects, calling time on its biggest resources bonanza since the 1850s gold rush. After a collapse in prices from oil to iron ore, the value of Australia’s approved and financed mining and energy projects […]

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Kidnappings highlight security risks for miners (Northern Miner – May 26, 2015)

Posted May 27th 2015 at 2:06 pm

The Northern Miner, first published in 1915, during the Cobalt Silver Rush, is considered Canada’s leading authority on the mining industry. In the first four months of this year alone, kidnapping incidents have touched Torex Gold Resources (TSX: TGX) and Goldcorp (TSX: G; NYSE: GG) in Mexico’s Guerrero state, and Pan African Minerals’ Tambao manganese mine […]

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The 1959 Copper Strike: Local Event has National Ramifications – by John Hernandez (Copper Area.com – May 26, 2015)

Posted May 27th 2015 at 2:04 pm

http://www.copperarea.com/pages/ The Voice of the Copper Corridor. [Arizona] In 1959, Dwight D. Eisenhower was in the last year of his presidency. The dictator Fulgencio Batista fled Cuba as communist revolutionaries led by Fidel Castro took control of the island nation 90 miles from the United States. Alaska and Hawaii would become states. A little known […]

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[Mining] Berm altering Timmins skyline – by Len Gillis (Timmins Daily Press – May 27, 2015)

Posted May 27th 2015 at 2:02 pm

The Daily Press is the city of Timmins broadsheet newspaper. TIMMINS – The landscape in the heart of Timmins is changing and with the arrival of spring, the change has become that much more obvious. Motorists travelling into downtown Timmins from the East End can now easily see the new rock berm rising in the west, […]

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Steady decline in FedNor funding – by Alan S. Hale (Timmins Daily Press – May 27, 2015)

Posted May 27th 2015 at 1:59 pm

The Daily Press is the city of Timmins broadsheet newspaper. Funding for Northern Ontario initiatives through FedNor has been reduced by 25% since the Conservatives came to power in Ottawa in 2006. In addition to those cuts, over the past six years more than $14 million of available funding for the region was not spent at […]

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Patience key, judge tells Sudbury audience – by Jim Moodie (Sudbury Star – May 27, 2015)

Posted May 27th 2015 at 1:57 pm

The Sudbury Star is the City of Greater Sudbury’s daily newspaper. Negotiating with First Nations in the Ring of Fire may be tricky, and take time, but the country can no longer justify ignoring or exploiting its aboriginal communities, a former supreme court judge said Tuesday. “The project does illustrate how government and industry can, and should, […]

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Zambia cuts power as dam level drops on drought

Posted May 27th 2015 at 1:49 pm

Africa’s second-biggest copper producer Zambia has cut its power generation by 300 megawatts after water levels in the Kariba dam, a key source of hydro power, dropped following a prolonged […]

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Top iron ore firms unlikely to form cartel and cut output: Goldman

Posted May 27th 2015 at 1:30 pm

Major iron ore miners from Australia and Brazil are unlikely to create a cartel and agree on output cuts to shore up prices, with weakening demand expected to intensify competition, […]

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Top iron-ore firms unlikely to form cartel and cut output - Goldman

Posted May 27th 2015 at 9:56 am

Major iron-ore miners from Australia and Brazil are unlikely to create a cartel and agree on output cuts to shore up prices, with weakening demand expected to intensify competition, Goldman Sachs said. "Efforts to support prices via voluntary production cuts would be counter-productive. In our view, competition in the iron-ore market can only intensify; we expect the war of attrition will continue while prices gradually decline towards our $40/t forecast by 2017," Goldman analyst Christian Lelong said in a report.

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White House visit reignites engineer's entrepreneurial spark

Posted May 27th 2015 at 9:00 am

I wasn’t always a successful entrepreneur invited to prestigious events at the White House. Like every person who stood in that room with me, my success and drive have been shaped and defined by the bumps and hurdles that have stood in my way.

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Make them trust you with these five body language secrets

Posted May 27th 2015 at 9:00 am

Body language should help, not hurt. Even when the chat isn’t in person, how you hold yourself impacts how you connect with others and whether you present the best version of yourself. So, when the talk is important, use these strategies to show you’re strong, capable and ready for anything,

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Hand-sanitizing entrepreneur challenges hospitals’ ban on ads

Posted May 27th 2015 at 9:00 am

Reg Littlefield installs hand-sanitizing stations in Ontario hospitals, then shares the ad revenue with them. But health officials worry this sets a troublesome precedent

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Jubilee’s surface processing projects gain momentum

Posted May 27th 2015 at 7:39 am

Jubilee Platinum has announced that it has secured further interim funding to ensure that no momentum is lost in current business development activities with particular attention to the simultaneous execution […]

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Zuma promises: ‘I will release Marikana report by the end of next month’

Posted May 27th 2015 at 6:34 am

President Jacob Zuma has told Parliament that he will release the report of the Farlam commission of inquiry into the Marikana massacre by the end of next month. Zuma was […]

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Barrick investors welcome Chinese tie-up, debt reduction moves

Posted May 27th 2015 at 6:26 am

Barrick Gold Corp’s first step to long-promised partnerships with China, as well as progress in reaching an ambitious debt-cutting goal, are turning skeptical investors warmer toward the world’s biggest gold […]

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