Rare earth miner gets special permit for Kwale site
A Canada-based mineral firm has been awarded a 21-year special mining licence to explore and develop its earth and niobium project in Kwale County.
Category Archives: Mineral Processing
Gold Ends Firmer on Weaker U.S. Dollar and Some Safe-Haven Demand
(Kitco News) – Gold prices ended the U.S. day session modestly higher Monday. The precious metal was given a boost by a weaker U.S. dollar index. There was also some fresh safe-haven buying interest in gold Monday as North Korea’s leader continues to make threatening comments toward the U.S. and South Korea. June Comex gold last traded up $4.20 at $1,599.90 an ounce. Spot gold was last quoted up $2.00 at $1,600.00. May Comex silver last traded down $0.353 at $27.97 an ounce.
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Sumitomo plans to increase electrolytic nickel production by 30 percent to 53,200 tons.
The Tokyo-based company forecast refined copper output will fall to 423,000 metric tons in the year started April 1 from the previous year’s estimated output of 436,000 tons, it said in astatement today. The company plans to increase electrolytic nickel production by 30 percent to 53,200 tons, it said.
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Move underground extends Voisey’s Bay mine life to 2035
Vale has committed to going underground at its Voisey’s Bay site in Labrador, a move that will create hundreds of new jobs and extend the mine’s lifespan to 2035.
http://www.cbc.ca/news/business/story/2013/03/28/nl-voiseys-bay-underground-mine-328.html
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Minmetals bond sale draws central banks
China Minmetals Corporation, a State-owned enterprise, completed its sale of a 2.5 billion yuan ($402.3 million) three-year dim sum bond in Hong Kong Friday, which attracted more than 12 billion yuan in orders and saw strong interest from central banks. http://www.globaltimes.cn/content/770298.shtml#.UU9LTiBzbIU
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‘There will be more nickel needed’
There’s good news and bad news emerging from China when it comes to nickel production, says a mining analyst with a keen interest in Sudbury as (is) booming in China.
http://www.thesudburystar.com/2013/03/21/there-will-be-more-nickel-needed
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Fortuna Silver’s San Jose Mine Mill Expansion A Small Part Of A Bigger Picture
In Southern Mexico, Fortuna Silver Mines Inc. (TSX:FVI)(NYSE:FSM) has been quietly and steadily building its San Jose Mine, moving it from an exploration project to a growing commercial silver and gold producing mine.
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Mergers set to create mining giants
A record wave of consolidation in China’s mining industry is creating bigger companies that will have the muscle to compete with the likes of BHP Billiton for overseas acquisitions.
Even after Chinese mining mergers reached US$19.6 billion last year, double the tally for 2011, the government wants to see more.
Easier access to capital and less Chinese competition for assets might make companies including China Minmetals Corp and Aluminium Corp of China more robust overseas buyers, said Deloitte & Touche.
http://www.scmp.com/business/china-business/article/1180401/mergers-set-create-mining-giants
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Brazil’s Vale likely to cancel $5.9 bln mine in Argentina -Folha
RIO DE JANEIRO, March 10 (Reuters) – Brazilian mining giant Vale SA is likely to cancel a $5.9 billion potash project after failing to gain tax breaks from Argentina, the Folha de S. Paulo newspaper reported on Sunday.
http://www.reuters.com/article/2013/03/10/vale-argentina-riocolorado-idUSL1N0C20NW20130310
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Ethiopia looks to boost tantalum production
Ethiopia is looking to expand and modernise its tantalite industry to meet growing global demand for the metal with two major projects, Metal Bulletin understands.
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