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Base Metals
 
COPPER

Codelco output rises but lower copper price eats into profit

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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...
29th August 2014
 
 
CORPORATE ACTIVITY

Osisko Gold Royalties ups stakes in two juniors

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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...
29th August 2014
 
 
COPPER

NSW turnaround brings profit for Straits

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ASX-listed copper miner Straits Resources’ turnaround strategy at its Tritton operations, in New South Wales, has paid off, with the miner reporting a net profit during the year ended June. Straits this week noted that a net profit of...
29th August 2014
 
 
FINANCIAL RESULTS

Sandfire rewards shareholders with maiden dividend

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Copper/gold miner Sandfire Resources has awarded shareholders a maiden dividend following a strong financial year. During the full year ended June, Sandfire’s copper production from its DeGrussa mine, in Western Australia, increased to 64 719 t,...
29th August 2014
 
 
Base Metals

Mineworkers benefit from wholesome living environments

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REMOTE LOCATION
Fedics Site Services creates a home away from home for mineworkers
Mineworkers and subcontractors working on remote sites in Southern Africa have a home away from home, as they have benefitted from the wholesome environments and services that specialist remote site manager Fedics Site Services has created for...
29th August 2014
 
 
Base Metals

Sustainable accommodation for SA mineworkers

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WALLED OFF
Lepa’s lightweight construction panels are designed to keep rooms cool in summer and warm in winter
Operational campsite design specialist Akhani Group has signed an agreement with alternative housing solutions provider Lightweight Energy Panels Africa (Lepa) in June to market and distribute Lepa’s lightweight construction panels. The panels...
29th August 2014
 
 
RING OF FIRE

Ontario creates Ring of Fire Infrastructure Development Corporation

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Minister of Northern Development and Mines Michael Gravelle The Ontario government on Thursday announced that it had established the Ring of Fire (RoF) Infrastructure Development Corporation, first mooted in November last year. The provincial government said the not-for-profit corporation’s headquarters...
28th August 2014
 
 
MINE FATALITY

Aura Minerals reports mine fatality

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Canadian midtier gold and copper producer aura Minerals on Thursday reported that a miner died in an accident at its Aranzazu mine, in Zacatecas, Mexico. TSX-listed Aura said the miner, which was employed by Aranzazu was on Thursday fatally...
28th August 2014
 
 
 
 
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