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POTASH PEOPLE

Canada's small fertilizer companies shuffle ranks, search for capital

Capital-strapped small fertiliser companies in Canada are shuffling their senior executive ranks to draw investors in a period of weak prices. Stonegate Agricom, which is developing a phosphate mine in Idaho, said on Tuesday that CEO Mark...
17th September 2014
 
CORRUPTION & BRIBERY

CSR helps mining companies thwart bribery and corruption

The dangers posed by bribery and corruption in developing markets remains high, while the number of investigations and fines imposed by investigating bodies continues to grow, delegates at the Canada-South Africa Chamber of Business risk...
16th September 2014
 
PRECIOUS METALS

Primero revises FY output, cost guidance

Precious metals miner Primero Mining now expects to produce between 220 000 and 240 000 gold-equivalent ounces at a cash cost per ounce of between $675 and $725 in 2014. This represented a modest drop in output and a modest increase in costs when...
16th September 2014
 
PEOPLE

Barrick Gold appoints Davies lawyer Thomson to help with strategy

Barrick Gold Corp has appointed well-known Canadian lawyer and long-time Barrick advisor Kevin Thomson to help with its strategy, the latest appointment by executive chairperson John Thornton in a wide-ranging executive overhaul. Thomson, a...
16th September 2014
 
GOLD

ABG to rebrand in November following operational sea change

Bulyanhulu, Tanzania Tanzania-focused gold producer African Barrick Gold (ABG) will rebrand in November, saying its restructuring efforts over the past year under new CEO Brad Gordon had given it renewed confidence in its assets to break the association with parent...
16th September 2014
 
CSR RESPONSIBILITY

Mining firms urged to improve stakeholder strategies or risk delays and disruption

Mining companies must do more to assess and emphasise the benefits of corporate social responsibility (CSR), delegates at the Canada-South Africa Chamber of Business risk mitigation and CSR seminar were told last week. Greater efforts are needed...
15th September 2014
 
NOTES OFFERING

Capstone cancels proposed $300m senior notes offering

Pinto Valley, Arizona Canadian base metals miner Capstone Mining on Friday said, owing to adverse general market conditions, it had pulled the plug on its proposed offering of $300-million senior notes due in 2022. Capstone president and CEO Darren Pylot pointed out...
12th September 2014
 
URANIUM

Cameco, mineworkers reach tentative accord to end McArthur River lockout

Canadian uranium producer Cameco and mineworkers had reached a tentative deal that could end a two-week-long lockout at the world’s largest uranium mine, the McArthur River mine and Key Lake mill, in Saskatchewan’s Athabasca basin. Cameco on...
12th September 2014
 
FERTILISER

MBAC restarts SSP production after working capital drought

Brazil-focused fertiliser producer MBAC Fertilizer this week announced that it had restarted continuous single super phosphate (SSP) production at its Itafós operations, in Brazil, after receiving funds from the Santander working capital facility...
12th September 2014
 
M&A

Newmont sells out of its 44% stake in Penmont JV with Fresnillo

The world’s largest primary silver producer, London-listed Fresnillo, has agreed to buy Newmont Mining’s 44% stake in its Mexican joint venture for $450-million in cash. The deal would secure Fresnillo a foothold in Mexico’s gold industry,...
12th September 2014
 
GOLD PEOPLE

Falco strengthens board, installs Osisko’s Sean Roosen as chair

TSX-V-listed gold explorer Falco Resources has significantly strengthened its board, announcing on Friday that it had appointed former Osisko Mining and current Osisko Gold Royalties CEO Sean Roosen director and chairperson of the board, after...
12th September 2014
 
MINING MILIEU

Canada needs to act now to retain global mining leadership – MAC

In the face of an increasingly competitive global environment, the Mining Association of Canada (MAC) on Thursday called on all stakeholders in the country’s mining sector to act to ensure that Canada maintained its position as a global mining...
12th September 2014
 
 
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