Shares in Canada’s Northern Vertex Mining were up Wednesday after the miner said is closer than ever to pour first gold at its Moss mine, in northwestern Arizona.

The Vancouver-based company said that roughly 7,800 tonnes of ore have been stacked on the pad to date, and production is ramping up towards an initial stacking rate of 2,500 tpd, to later reach 5,000 tpd.


All of the crushing plant components have been tested and commissioned, piping on the heap leach pad has commenced,
and the refinery furnace is to be commissioned next week, the miner said.

Northern Vertex’s shares were up 1.85% on Friday morning to 55 cents, with a 52-week trading range of 42 cents to 70 cents. The company has a $96.3-million market capitalization.

The miner recently received a $5-million funding tranche and signed a $6-million working capital deal.
The Moss gold-silver project, which the company believes it has the potential to be “America’s next gold mine,” encompasses 15 patented lode claims covering 1 sq. km and 468 unpatented lode claims for a total 40 square kilometres.

Based on the latest Preliminary Economic Assessment, the mine has an expected life of 10 years, but management intends to conduct an aggressive exploration and resource expansion program during the first two years of production in order to further expand existing resources.

Capital expenses are pegged at $61.6 million, including $37.5 million in sunk costs for building the phase-two pit design. Operating costs are estimated at $190 million.

Volt its mining licence applications for the Bunyu graphite Stage 2 development. Both stages would use the same mine infrastructure.project. the mining licences for both Stage 1 and stage 2.

The applications cover both the Stage 1 development, where an estimate 400 000 t/y of ore will be processed producing a nominal 20 000 t/y of graphite products, and the Stage 2 expansion, which will be based on the prefeasibility study metrics of 3.8-million tonnes a year of ore to produce 170 000 t/y of graphite product.

 


The Stage 2 expansion is targeted for completion by late 2020.Volt explained on Thursday that the mining licences for both stages were lodged together, as the footprint of Stage 1 also accommodated the Stage 2 development. Both stages would use the same mine infrastructure.

The company has previously submitted its environmentaland social impact statement, which the National Environment Management Council has to approve.Volt recently partnered with Exotix Capital on a $40-million bond issue for project funding for Bunyu.
The Bunyu project hosts Tanzania’s largest graphite deposit, with a Joint Ore Reserve Committee-compliant resource of 461-million tonnes at 4.9% total graphitic content, for 22.6-million tonnes of contained graphite.

The Mosaic Company (NYSE: MOS) has announced it will participate in upcoming conferences.Joc O’Rourke, Mosaic’s President and Chief Executive Officer, will present at the BMO Capital Markets 27th Global Metals & Mining Conference in Hollywood, Florida, on Tuesday, February 27, 2018, at 8:30 a.m. Eastern Time.



Joc O’Rourke will also participate in a fireside chat at the Bank of America Merrill Lynch 2018 Global Agriculture and Chemicals Conference in Fort Lauderdale, Florida, on Wednesday, February 28, 2018, at 3:45 p.m. Eastern Time.

The presentations will be webcast at the time of the presentation and will be available on the Company’s website at www.mosaicco.com/investors. Questions can be directed to Mosaic’s Investor Relations Department via e-mail to This email address is being protected from spambots. You need JavaScript enabled to view it. .

GOLDCORP INC is pleased to announce that Joi Ito, director of the MIT Media Lab and professor of the Practice of Media Arts and Sciences at MIT, will deliver the keynote address at the #DisruptMining finale on March 4, 2018 during the annual Prospectors and Developers Association of Canada (PDAC) Conference.

Ito is an entrepreneur, venture capitalist, and a visiting professor of law from practice at the Harvard Law School. He was an early investor in Twitter, Flickr and Kickstarter and is amongst the world's foremost visionary thinkers on technology.


In his talk, the head of the MIT Media Lab will skip future predictions and instead share new approaches to creating in the moment: to build quickly and improve constantly, without waiting for permission or for proof that you have the right idea. This kind of bottom-up innovation is seen in the most fascinating, futuristic projects emerging today and, according to Ito, it starts with being open and alert to what's going on around you right now. Don't be a futurist, he suggests: be a "now-ist."

KPMG to co-host #DisruptMining

Goldcorp welcomes KPMG as a co-host of #DisruptMining.  The KPMG partnership demonstrates their dedication and determination to help pave the way for the future of mining.

"What does it mean to be the official co-host of #DisruptMining? At KPMG, it means thinking and doing differently. We are excited to promote a challenge that encourages the mining industry to embrace innovation, be champions of change and pave the way for the future of mining," stated Elio Luongo, KPMG CEO.

Strong roster of sponsors across various industries line up to support #DisruptMining

Hard-Line has signed on as the #DISRUPTOR sponsor of #DisruptMining.  As a leading automation control system manufacturer for heavy equipment, its submission to #DisruptMining in 2017 earned a semi-finalist spot in the innovation expo. Being involved in the challenge accelerated the company's innovative technology, leading to a partnership with Goldcorp and the deployment of autonomous and semi-autonomous technology at several of its mines. "In keeping with our constant drive for innovation and developing world leading automation for the global mining industry, Hard-Line is proud to be a #DISRUPTOR level sponsor at this year's #DisruptMining event. Our continued partnership with Goldcorp has allowed our company to grow and prosper, and by sponsoring this great competition we anticipate excellent game-changing ideas from this year's competitors," stated Walter Siggelkow, president of Hard-Line.

Other major sponsors include:
•    Epiroc is a leading productivity partner for the mining, infrastructure and natural resources industries. With cutting-edge technology, Epiroc develops and produces innovative drill rigs, rock excavation and construction equipment and provides service and consumables.
•    IBM Canada is partnering with Goldcorp to accelerate geological exploration powered by advanced technologies like AI, machine-learning and cloud enabling geologists to identify and predict patterns and geological models with more certainty leading to increased accuracy in defining gold mineralization.
•    Sandvik Mining & Rock Technology is a leading supplier of mining equipment, tools and system solutions.
•    ePower Metals Corp is focused on advancing a high-quality portfolio of cobalt and other projects that have the potential to supply the growing rechargeable battery sector.
•    FLSmidth is the market-leading supplier of productivity to the global mining and cement industries.
•    Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services with industry-leading expertise in metals and mining.
•    Microsoft Canada Inc. is helping mining companies around the world transform their operations across multiple technology pillars including IoT, Mixed Reality, AI, data visualization and cloud infrastructure to allow them to lead with innovation in this rapidly evolving industry.
•    Newtrax is a leading provider of safety and productivity solutions to the global underground hard rock mining industry.
•    Rockwell Automation is the world's largest company dedicated to industrial automation and information and includes a specialized line of products and solutions for mining.
•    The Chemours Company is a leading producer and supplier of chemical products, dedicated to safety and efficiency in precious metals ore processing.
 
Export Development Canada (EDC) champions innovation in mining
EDC helps Canadian companies go, grow, and succeed in their international business. As a financial Crown corporation, EDC provides financing, insurance, bonding, trade knowledge and matchmaking connections to help Canadian companies sell and invest abroad. EDC can also provide financial solutions to foreign buyers to facilitate and grow purchases from Canadian companies.

About #DisruptMining
#DisruptMining is an innovation accelerator designed to encourage new technologies and ideas to solve some of the biggest opportunities and challenges in mining.  Over 100 submissions were entered into #DisruptMining 2018, representing completely new ideas and disruptive technologies that will benefit the entire mining industry.  Semi-finalists and finalists will be notified by February 5, 2018.

On March 4, 2018, during the annual Prospectors and Developers Association of Canada (PDAC) conference, semi-finalists will have the opportunity to showcase their ideas at the innovation expo, the largest innovation-focused networking event at PDAC. The three #DisruptMining finalists will pitch their competing ideas at the live "shark-tank" style gala in front of a panel of industry titans. 

They will have the opportunity to negotiate up to $1 million in investment1 for a proof of concept at one of Goldcorp's mines or direct investment in the winning technologies. All proceeds from the #DisruptMining finale event will be invested in the future of the mining industry through innovation-focused scholarships.

To purchase tickets for the gala event or register for the innovation expo, please visit www.disruptmining.com

Barrick Gold Corporation provided an update on the status of its Pascua-Lama project, located on the border between Argentina and Chile.

As previously reported, on January 17, Chile’s Superintendencia del Medio Ambiente (SMA) ordered the closure of existing infrastructure on the Chilean side of the Pascua-Lama project.

The sanction is part of a re-evaluation process ordered by the country’s Environmental Court in 2014 and relates to historical compliance matters. Barrick is appealing the resolution on a number of grounds, including on the basis that the sanction is disproportionate to actual environmental impacts.


The resolution does not affect the Company’s ongoing evaluation of an underground, block-caving operation at Pascua-Lama, which would require additional permitting and regulatory approvals in both Argentina and Chile, irrespective of the recent SMA decision. In any underground scenario, Barrick would also close site facilities and surface disturbance in Chile not necessary for an underground mine.

In light of the SMA order to close surface facilities in Chile, and current plans to evaluate an underground mine, Barrick is reclassifying Pascua-Lama’s proven and probable gold reserves of approximately 14 million ounces, which are based on an open pit mine plan, as measured and indicated resources.1 As a result, we expect to record an estimated pre-tax impairment of $429 million at Pascua-Lama in the fourth quarter of 2017. Further details will be included in Barrick’s year-end results release on February 14, 2018.

A shift to an underground operation would address a number of community concerns by significantly reducing the overall environmental impacts of the project, as compared to an open pit operation. In addition, an underground operation would be less susceptible to weather-related production impacts during the winter season.

The Company has formed a working group with Shandong Gold to study a potential partnership at Pascua-Lama, building on our existing joint venture at the nearby Veladero mine.

We will provide a further update on the Pascua-Lama project at the Company’s February 22 Investor Day.

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Russia’s Norilsk Nickel has teamed up with Russian Platinum to invest $4.4bn to develop mining projects in Siberia, which contains some of the world’s richest deposits of platinum and palladium. The two companies will form a joint venture to develop projects in the Taimyr Peninsula in Russia’s far north with an aim to become the world’s largest producer of the precious metals, they said Wednesday.

“We expect that upon its ramp-up, the project could become one of the world’s leading PGM (platinum group metals) producers in terms of both size and profitability,”


Vladimir Potanin, president of Norilsk Nickel, said. The partnership could boost Russian production of platinum to rival South Africa, currently the world’s largest producer of the metal, which is mostly used in catalysts for diesel cars. Russia is currently the world’s second-largest producer of the metal.


Low prices for platinum have put pressure on South African producers, who have had to close mine shafts and lay off workers. Last year Lonmin, the world’s third largest producer, agreed to be acquired by rival Sibanye. Prices for platinum traded close to their lowest levels since the financial crisis at $869 a troy ounce at the end of last year, but have since rebounded to $983.


The joint venture will start at the end of this year and is targeting eventual annual production of 70 to 100 tonnes of platinum and palladium starting in 2020, the two companies said. The deposits contain proven ore reserves of 4,300 tonnes of palladium and platinum, they said.

Norilsk Nickel is already the world’s largest producer of nickel and palladium in the world. In contrast to platinum, prices for palladium, which is used in catalysts for petrol cars, have jumped and last year hit a record high of $1,138 a troy ounce.


The JV will hold three mining licenses to deposits in the Norilsk Industrial District in the Krasnoyarsk region. The deposits are close to each other, creating “one of the world’s largest clusters for the production of platinum and palladium,” according to Musa Bazhaev, president of Russian Platinum. Copyright The Financial Times Limited 2018.

The NASDAQ 100 Pre-Market Indicator is down -22.06 to 6,643.92. The total Pre-Market volume is currently 4,850,797 shares traded.


The following are the most active stocks for the pre-market session :
Snap Inc. ( SNAP ) is +3.04 at $17.10, with 5,016,051 shares traded. SNAP's current last sale is 131.54% of the target price of $13.

Wynn Resorts, Limited ( WYNN ) is +14.26 at $177.48, with 912,403 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2018. The consensus EPS forecast is $1.77. WYNN's current last sale is 92.68% of the target price of $191.5.

Deutsche Bank AG ( DB ) is -0.7 at $15.82, with 617,475 shares traded. DB's current last sale is 106.17% of the target price of $14.9.

Nokia Corporation ( NOK ) is +0.05 at $5.56, with 510,036 shares traded. NOK's current last sale is 85.54% of the target price of $6.5.

PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.76 at $161.55, with 503,708 shares traded. This represents a 28.34% increase from its 52 Week Low.

VelocityShares Daily 2x VIX Short-Term ETN ( TVIX ) is +2.15 at $9.61, with 453,081 shares traded. This represents a 106.22% increase from its 52 Week Low.


VelocityShares Daily Inverse VIX Short-Term ETN ( XIV ) is -1.2 at $6.15, with 423,092 shares traded., following a 52-week high recorded in prior regular session.


VALE S.A. ( VALE ) is -0.06 at $13.00, with 289,196 shares traded. VALE's current last sale is 104% of the target price of $12.5.


Alibaba Group Holding Limited ( BABA ) is -1.4 at $183.77, with 255,924 shares traded. BABA's current last sale is 83.53% of the target price of $220.


ASML Holding N.V. ( ASML ) is -3.56 at $190.55, with 216,896 shares traded. As reported by Zacks, the current mean recommendation for ASML is in the "buy range".


Micron Technology, Inc. ( MU ) is -0.13 at $43.75, with 213,884 shares traded. As reported by Zacks, the current mean recommendation for MU is in the "buy range".


Cleveland-Cliffs Inc. ( CLF ) is +0.26 at $7.02, with 208,729 shares traded. CLF's current last sale is 82.59% of the target price of $8.5.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Nornickel’s Polar Division is now working to launch a new rock bolting technology at its mines. It will significantly improve safety and accelerate shaft sinking while reducing its cost. By 2020, the technology will be introduced across all mining units of the Polar Division. The project’s total capex will exceed RUB 2.1 bn.


The technology is now being piloted at Taimyrsky and Komsomolsky Mines, which have received four Sandvik DS411 (Finland) rigs for rock bolt installation.


Rock bolt is an artificial structure designed to prevent rockfall inside the mine workings. The bolting technology currently in use is rather time-consuming as it takes at least 12 hours for concrete mix applied as part of the process to harden enough. On top of that, the technology requires manual labour and human presence in hazardous unsupported areas of the mine.


The new technology makes mine bolting safer since it eliminates the need for human presence in hazardous areas while significantly accelerating the operations: the special mix used for bolting purposes hardens in only a few minutes.


The new technology is expected to use resin-grouted rock bolts, made of a combination of quick-hardening polyester resin and a metal anchor. Resin grouted bolts provide secure polyester resin adhesion to the reinforcement bar and the rock contour of borehole walls (a hole in mine working of up to 5 m in depth) creating a protective stiffened layer that can effectively sustain rock pressure.

Using quick-hardening mixes will reduce the time required to complete a shaft sinking cycle by 25%. Mechanised bolting solutions will also decrease labour input by 14% on average. Lower bolting costs across Polar Division’s mines will save the Company RUB 668 m in 2017–2020.


At the moment, the Company trains hole drillers in using the new technology. In addition, the manufacturer is supervising the testing of the machines and fine-tuning of the mechanised bolting technology. Training and tests will take two months. After that, the new bolting technology will be implemented in the underground stoping and site preparation areas of the active mine faces.

By 2020, the new bolting technology is expected to be introduced, on a phased basis, across all mining units of Nornickel’s Polar Division with more than RUB 2.1 bn allocated for this purpose.

Teck Resources Limited announced that first oil has been achieved at the Fort Hills Project.

Suncor, as operator of the Fort Hills Energy Limited Partnership, has confirmed that the Fort Hills project is ramping up production following the safe startup of secondary extraction on January 27, 2018. As expected, the first of three trains from secondary extraction is now online and production on this train will continue to ramp up through the first quarter.


“We are pleased to reach this important milestone. The production of first oil at Fort Hills is the culmination of the hard work of thousands of people since the project was sanctioned by the Fort Hills partners in 2013,” said Don Lindsay, President and CEO. “We look forward to the ramp up to full production and to the continued growth of our energy business. Fort Hills is a long-life asset that will generate significant value for our company for decades to come. Its life cycle carbon intensity is projected to be lower than approximately half of the oil refined in North America.”


The project has already completed five test runs of the front end of the plant, producing 1.4 million barrels of froth. The froth was trucked to Suncor’s base plant for further processing.


The second and third trains of secondary extraction are being insulated and are expected to start up in the first half of 2018, as planned. Fort Hills remains on track to reach 90% of nameplate capacity of 194,000 bbls/d by the end of 2018. Suncor has guided toward cash operating costs per barrel for Fort Hills of $20-$30/bbl by the 4th quarter of 2018.


About Teck

Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com

Media Contact:
Chris Stannell
Senior Communications Specialist
604.699.4368
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Investor Contact:

Fraser Phillips
Senior Vice President, Investor Relations and Strategic Analysis
604.699.4621
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Newmont Mining Corporation has been recognized as one of the world’s most admired companies in an in-depth global survey conducted by FORTUNE magazine.

Newmont was ranked as the top mining company globally, posting strong scores in the areas of quality of management, social responsibility, long-term investment, people management and innovation. FORTUNE bases its ranking on the opinions of 3,900 executives, directors, and securities analysts.


“This is a great honor, and one that speaks to the caliber of our team, and to our position as a good investment, a good place to work, and a good partner for our host governments and communities,” said Gary Goldberg, President and Chief Executive Officer. “Our commitment to long-term value creation drives a singular focus on doing things right – from managing our resources wisely and responsibly, to continuing to invest in next generation talent and technology.”

In addition to being named one of FORTUNE’s most admired companies, Newmont was once again confirmed as a constituent of the FTSE4Good Index Series, with an Environmental, Social and Governance (ESG) rating of 95 out of 100. In December, Newmont was one of only two resource companies named in a ranking by the Drucker Institute of the top 250 best managed companies based on high scores in the areas of employee engagement and development, and social responsibility.


Also in 2017, for an unprecedented third consecutive year, Newmont was ranked by the Dow Jones Sustainability World Index (DJSI World) as the mining industry’s overall leader in sustainability. Newmont’s inclusion on the index marked the 11th consecutive year the company had been selected for the DJSI World.


About Newmont

Newmont is a leading gold and copper producer. The Company’s operations are primarily in the United States, Australia, Ghana, Peru and Suriname. Newmont is the only gold producer listed in the S&P 500 Index and was named the mining industry leader by the Dow Jones Sustainability World Index in 2015, 2016 and 2017. The Company is an industry leader in value creation, supported by its leading technical, environmental, social and safety performance. Newmont was founded in 1921 and has been publicly traded since 1925.


Media Contact

Omar Jabara, 303-837-5114

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Investor Contact

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