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Ilan Solomons

Ilan Solomons

Ilan Solomons is a Creamer Media Contributing Editor for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

By Ilan Solomons

KPMG 2016 MINING REPORTING SURVEY The survey focused on estimates and judgments, nongenerally accepted accounting principles measures, risks, valuation and other reporting trends

Survey reveals improved reporting by mining companies

3rd February 2017

The mining industry has continued to face significant uncertainty, volatility and pressure to contain costs over the past three years. This unpredictable business environment has given rise to a... 


SHINING LIGHT Wolf Minerals’ Drakelands tungsten and tin mine is one of only two mines outside of China with a production capacity of greater than 3 000 t/y of tungsten concentrate

Brexit to impact on UK mining sector, R&D to bear the brunt

3rd February 2017

Following a referendum held in June 2016, in which a small majority of British voters declared that they were in favour of leaving the European Union (EU), the UK government has indicated that it... 


IMPROVED OUTPUTS
Nickel production increased by 4% year-on-year to 10 900 t, following the successful ramp-up of the Barro Alto mine, in Brazil, to nameplate capacity in the third quarter

Anglo American increases Q4 output in most segments, but copper down year-on-year

3rd February 2017

Diversified miner Anglo American achieved higher output for most of its products in the fourth quarter ended December 31, but copper production fell by 19% year-on-year. The lower copper... 


MARIKANA MINE, NORTH WEST Lonmin’s Marikana mining operations, in the North West, including Pandora, produced 2.3-million tonnes for the three months to December 31

Lonmin maintaining FY17 guidance despite weaker Generation 2 shafts production

3rd February 2017

Platinum producer Lonmin is disappointed by first-quarter production figures at its Generation 2 shafts; however, with the initiative of deploying additional stoping and vamping crews and the... 


INCREASED VALUE
Merafe Resources expects to report basic earnings a share of between 20c and 23.5c for the full year, compared with the 13.7c recorded in the prior year

Merafe improves production, cuts debt levels

3rd February 2017

JSE-listed Merafe Resources’ attributable ferrochrome production from the Glencore Merafe Chrome Venture for the year ended December 31, increased by 4% to 107 t, compared with the 101 t produced... 


Mining Indaba remains pivotal to Africa

Mining Indaba remains pivotal to Africa

3rd February 2017

The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount... 


Junior mining sector must be supported; coal to remain key to S Africa's energy needs – DMR

2nd February 2017

Junior mining companies cannot perpetually remain as junior miners, they must be supported by the majors and other industry stakeholders to assist them in their growth journey, says Department of... 


Standard Bank’s Sandra du Toit and Tim Clark

Bank upbeat about mining sector in 2017, predicts steady commodity price uptick

30th January 2017

Given that the global economy is expected to grow by 3.4% this year and 3.5% in 2018, the health of global macroeconomics is good, which bodes well for a resurgence in the global mining industry... 


Mining Indaba remains pivotal to Africa

Mining Indaba remains pivotal to Africa

27th January 2017

The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount... 


MAJOR COST COMPONENT
By virtue of the extensive mechanical and heat-treatment work involved in producing finished metal, mining is one of the most energy-intensive industries worldwide

Input costs weigh heavily on Zambia’s mines – ZCM

27th January 2017

Electricity and labour, which together account for up to 50% of total operating costs, are the most important elements in the cost structure of the average Zambian copper mine, states the Zambia... 


GROUND-BREAKING DEVELOPMENT The development could solve some of the problems associated with nuclear waste, clean electricity generation and battery life

UK scientists develop ‘power generating’ diamond

27th January 2017

New technology has been developed that uses nuclear waste to generate electricity in a nuclear-powered battery. A team of physicists and chemists from the University of Bristol have grown a... 


LEADING AFRICA BY EXAMPLE The first country in Africa to implement the EITI, Nigeria has helped shape the EITI Standard and developed one of the most extensive EITI reporting processes globally

Nigeria gets pat on the back for promoting accountable management of natural resources

27th January 2017

Nigeria’s efforts to improve natural resource governance through the Extractive Industries Transparency Initiative (EITI) Standard were recognised earlier this month by the international EITI... 


IMPROVING SAFETY The 1.4S initiation system propellant powders produce no shock energy, which ensures improved hanging wall conditions, and therefore a safer working environment

Propellant-based rock breaking system mooted as alternative to traditional explosives

27th January 2017

It is generally acknowledged that South Africa’s narrow-reef mining sector is in a precarious state as its viability is challenged by declining global commodity prices, labour instability,... 


SEGRAN PILLAY A low carbon future is on the horizon not only in South Africa, but globally

Carbon tax would have costly implications for mines – Accenture

27th January 2017

In South Africa, policymakers and businesses have discussed a carbon tax for several years, starting with the country’s signing of the Copenhagen Agreement in 2009. However, progress has been slow... 


THE PLACE TO BE, CAPE TOWN INTERNATIONAL CONVENTION CENTRE Despite challenging market conditions facing the global mining industry, companies worldwide regard the Investing in African Mining Indaba as a ‘must-attend conference’

Mining Indaba remains pivotal to Africa

27th January 2017

The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount... 


Glencore Merafe Chrome Venture chrome refinery

Merafe increases FY output, reduces debt

26th January 2017

JSE-listed Merafe Resources’ attributable ferrochrome production from the Glencore Merafe Chrome Venture for the year ended December 31, increased by 4% to 107 t, compared with the 101 t produced... 


Lonmin’s Marikana mining operations, in the North West

Despite disappointing Q1 production figures, Lonmin maintains FY17 guidance

26th January 2017

Platinum producer Lonmin is disappointed by first-quarter production figures at its Generation 2 shafts; however, with the initiative of deploying additional stoping and vamping crews and the... 


Barro Alto nickel mine, Brazil

Anglo American Q4 output broadly higher but copper output down 19%

26th January 2017

Diversified miner Anglo American achieved higher output for most of its products in the fourth quarter ended December 31, but copper production fell by 19% year-on-year. The lower copper... 


KPMG global mining leader Jacques Erasmus

Tough operating climate brings greater transparency emphasis for miners

24th January 2017

The mining industry has continued to face significant uncertainty, volatility and pressure to contain costs over the past three years. This unpredictable business environment has given rise to a... 


South Africa’s mining sector at a crossroads, collaborative effort required

South Africa’s mining sector at a crossroads, collaborative effort required

20th January 2017

The global mining industry has been struggling since the 2008 international financial crisis set off a chain of events resulting in contracted growth in important markets, such as China, and... 


REMAINS RELEVANT Mining remains important to South Africa, as it directly contributes 9% to the country’s gross domestic product (GDP), doubling to 18% of GDP when mining inputs are taken into account

South Africa’s mining sector at a crossroads, collaborative effort required

20th January 2017

The global mining industry has been struggling since the 2008 international financial crisis set off a chain of events resulting in contracted growth in important markets, such as China, and... 


INADEQUATE TECHNOLOGY UPTAKE While the technology is available, South African mining organisations are largely not ready to embrace it

Adoption of new technologies can benefit mines, local communities

20th January 2017

A raft of highly-matured existing technologies are available to miners in the quest to transform their operations, enhance efficiency, improve productivity, elevate safety levels, and revitalise a... 


IN-THE-PIT SOLUTIONS
Metso’s in-the-pit solutions are advanced options for conventional production processes where truck haulage has hitherto been used

Metso launches ‘comprehensive’ in-the-pit solutions

20th January 2017

Mines are continuously being challenged to rethink how to shape their operations to be more sustainable and profitable. It is for these reasons that diversified engineering group Metso has launched... 


ALECIA PIENAAR Planning and management techniques must be context-driven and well-tailored to manage the ‘peculiar risks’ associated with each mining operation

Proposed amendments to residue stockpiles and deposits regulations welcomed

20th January 2017

Environmental Affairs Minister Edna Molewa in November published the proposed amendments to the Regulations Regarding the Planning and Management of Residue Stockpiles and Residue Deposits for... 


HYPERSPECTRAL SURVEY Southern Mapping’s hyperspectral sensor is the only one its kind that is permanently based in Africa

Company looks back on its first decade, upbeat about future fortunes

20th January 2017

South African geospatial solution and aerial survey company Southern Mapping celebrated its tenth anniversary last month, reflecting on its many achievements while outlining its aims for the... 


Dacian secures A$150m for WA gold project

Dacian secures A$150m for WA gold project

21st December 2016

Gold developer Dacian Gold has completed and signed a syndicated facility agreement (SFA) to fund the development of its Mt Morgans gold project, in Western Australia.   Financial institutions... 


Corunna Downs DFS indicates large iron-ore deposit

21st December 2016

Iron-ore miner Atlas Iron’s Corunna Downs project, in Western Australia, has the potential to deliver 4-million tons a year of lump and fines direct-shipping iron-ore (DSO) over an initial mine... 


Kibo secures $2.9m forward payment facility for Mbeya project

Kibo secures $2.9m forward payment facility for Mbeya project

21st December 2016

Tanzania-focused mineral exploration and development company Kibo Mining has entered into a binding term sheet with UK-based private equity provider Sanderson Capital Partners for a new... 


Bacanora in advanced discussions with Asian offtake partner

20th December 2016

Aim- and TSX-V-listed lithium and borates company Bacanora Minerals is currently in advanced discussions with a “significant Asian offtake partner” for the supply of battery-grade lithium carbonate... 


Kefi Minerals has a ‘very good’ year, upbeat about 2017 project advancement

20th December 2016

Gold exploration and development company Kefi Minerals has had a “very good” 12 months in which it has made solid progress towards becoming a gold production company, said Kefi executive... 


Capricorn Metals announces discovery of new, high-grade structure

19th December 2016

Australian junior gold miner Capricorn Metals has confirmed the presence of a new, high-grade mineralised structure in the immediate footwall of the Bibra gold deposit at its 100%-owned Karlawinda... 


Glencore outlines $1.1b pricing of tender offers

19th December 2016

Diversified mining and marketing company Glencore has priced the offers to purchase up to the maximum tender amount of outstanding notes of $1.1-billion. The total offer consideration relates to... 


RISK AWARENESS Any manager that knows of a hazard and the associated risk, as a reasonable person, will act to avert the harm that will result if this risk materialises

Electronic incident reporting, management system touted as best practice

16th December 2016

For many years line managers and safety staff in the South African mining industry have tried to understand the relationship between incidents, minor injuries, lost-time injuries, serious injuries... 


TECHNOLOGY TAKE-UP
BHP Billiton intends using blockchain to record movements of wellbore rock and fluid samples

Integration of IoT platforms in mining seen as way to enhance productivity

16th December 2016

The adoption and implementation of exponential technologies will increase productivity and ensure greater efficiencies throughout the mining sector globally, asserts advisory firm Deloitte digital... 


IMPROVEMENT, BUT…… Despite recent welcome changes to Mineral Royalty Tax, Zambia’s overall effective mining tax rate remains among the highest in the world

Report says Zambia needs more friendly tax regime to attract mining investors

16th December 2016

Zambia needs a more competitive mining tax regime to entice new and existing investors to invest billions of dollars into the mining industry and boost flagging production, says Zambia Chamber of... 


SERIOUS GAMING SiMINE provides a systems thinking approach for mining through modern game technology to understand the complexities of an interconnected mining value chain

Systems thinking game aims to bring change to mining industry

16th December 2016

Mining industry stakeholders knows that the industry must become more productive and efficient if it is to remain competitive and achieve the returns on investment required by shareholders. Local... 


Report says Zambia needs more friendly tax regime to attract mining investors

15th December 2016

Zambia needs a more competitive mining tax regime to entice new and existing investors to invest billions of dollars in the mining industry and boost flagging production, says Zambia Chamber of... 


Workers in discussion at Somkhele anthracite mine, KwaZulu-Natal

Petmin sees 2% sales increase, 3% production decline in Q3

9th December 2016

Diversified miner Petmin on Friday reported that its production of metallurgical anthracite for the third quarter of the year decreased by 3% year-on-year to 342 536 t, from 352 179 t during the... 


MXOLISI MGOJO
Exxaro has for some time, been diversifying some of its shorter-term contracts that were coming to an end

Slide in BEE ownership to 30% won’t affect Eskom supply deals, says Exxaro

9th December 2016

Diversified miner Exxaro Resources has assured investors that despite its black ownership falling below the 51% required by State-owned power utility Eskom for all its supply contracts, this will... 


Dean Taylor

Dean Taylor

9th December 2016

This week we feature Dean Taylor, the CEO of Diamcor, a company which is currently advancing the Krone-Endora daimond-mining project in South Africa's Limpopo province 


NONEXPLOSIVE MINING ENABLER The Multi-Track1000 is 930 mm in height and has four independent track assemblies, which are capable of three different degrees of motion

Sibanye testing alternative to explosives-based rock breaking

9th December 2016

The South African mining industry requires a paradigm shift in its fundamental approach to mining processes to ensure that it can move away from the use of explosives, says diversified miner... 


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