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Seize opportunity to improve mining tax, pleads KPMG’s Saloojee

By: Martin Creamer South Africa should seize the current timely opportunity to amend its mining taxation in a manner that encourages foreign investment, stimulates prospecting, gets mining companies to start dealing with marginal mines and gives enough back to the fiscus for the benefit of this country's people,... 

Zinc metal deficit expected to intensify – Glencore

By: Martin Creamer The zinc metal market’s 2014 deficit is expected to intensify this year, Glencore says in its latest annual report. The 200-page document, in which CEO Ivan Glasenberg notes slower than expected post-financial-crisis normalisation, positions the company as one able to react quickly and benefit... 

Zinc metal deficit expected to intensify – Glencore
Photo by Duane Daws
Ivan Glasenberg

Alcoa to curtail 443 000 t of Suriname refining capacity

By: Henry Lazenby US-based aluminium and lightweight alloys producer Alcoa plans to curtail 443 000 t of alumina refining capacity at its Suralco plant, in Suriname. The NYSE-listed company, which earlier this month said that a review of its operations to cut costs could impact 14% of its global smelting capacity... 

Coal-rich South32 keen to help Eskom solve power issues – Kerr

By: Martin Creamer The BHP Billiton spin-off company South32, with large South African energy coal resources, would be keen to help State power utility Eskom solve some of its primary energy issues, South32 CEO-elect Graham Kerr said on Tuesday. Kerr was speaking to the media in a London teleconference call in... 

Coal-rich South32 keen to help Eskom solve power issues – Kerr
Photo by Bloomberg
Graham Kerr

Rusal raises China aluminium exports with Australian government

By: Reuters Top global aluminium producer Rusal said it has raised China's swelling aluminium exports with the Australian government, and wants the issue tabled at the next meeting of the world's top customs body. John Hannagan, chairman of Rusal Australia, and a director of the Australian Aluminium... 

Orbite Aluminae receives notice of US patent to treat red mud

By: Henry Lazenby Canadian clean-technology firm Orbite Aluminae has received a ‘notice of allowance’, indicating that it would be granted a US patent for its red mud treatment process. The Montreal-based firm on Friday reported that the United States Patent and Trademark Office had issued the notice of allowance... 

Aluminium council calls for clarity on renewable-energy target

By: Esmarie Swanepoel The Australian Aluminium Council has called on the federal government to resolve uncertainty around the Renewable Energy Target (RET). The call comes after federal Environment Minister Greg Hunt reportedly said that an agreement was “very close” with the clean energy sector around the RET. 

Gulf secures funding to build Indonesian smelter

By: Esmarie Swanepoel ASX-listed Gulf Minerals has secured a $20-million funding facility for a manganese smelter, in Indonesia. Gulf said on Wednesday it had inked a term sheet with New York-based Sigur Holdings, under which the company would immediately subscribe for A$500 000 of Gulf Minerals redeemable... 

Portland smelter safe from closure – Alumina

By: Esmarie Swanepoel ASX-listed Alumina has moved to assure shareholders that the Portland aluminium smelter, in Victoria, was safe from closure. The company’s announcement comes as Alcoa announced its continued transformation of its upstream portfolio, with the aluminium major reviewing about 500 000 t of smelting... 

Alcoa to buy titanium producer RTI to lift aerospace segment

By: Henry Lazenby Aluminium and specialty alloy products producer Alcoa has signed a definitive agreement to acquire vertically integrated titanium and specialty metal products supplier RTI International Metals in a stock-for-stock transaction with an enterprise value of $1.5-billion. On Monday, Alcoa explained... 

Alcoa to buy titanium producer RTI to lift aerospace segment

Alcoa's warning of smelter closures shows impact of falling premiums

By: Reuters A warning by Alcoa that it may reduce smelting capacity is the first concrete sign that lower delivery premiums for aluminium are threatening producers amid low futures prices, traders and industry sources said. The vertically integrated aluminium company announced Friday it would review 14% of... 

Alcoa's warning of smelter closures shows impact of falling premiums

Five years on, Quebec’s Plan Nord 2.0 aims for coherence in low-price environment

By: Henry Lazenby When the Quebec government’s Plan Nord to develop the parts of the province located north of the 49th parallel was launched under Jean Charest’s Quebec Liberal Party in May 2011, it was heralded as a timely and necessary act in the mining industry’s favourable economic context at the time. But a... 

Five years on, Quebec’s Plan Nord 2.0 aims for coherence in low-price environment
Photo by Reuters
Former Quebec Premier Jean Charest unveiled the Plan Nord on May 9, 2011.

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Canadian fed and Ontario govts unveil supports for mining industry

By: Henry Lazenby Several federal departments of the Canadian government, as well as the Ontario provincial government, unveiled new measures and investments on Sunday to increase support and drive growth in the country's besieged mining industry. In a speech to the Prospectors & Developers Association of Canada,... 

Canadian fed and Ontario govts unveil supports for mining industry
Photo by Reuters
Canadian Finance Minister Joe Oliver

Specialised refractory materials for Orbite Aluminae plant arrive in Montreal

By: Henry Lazenby TSX-listed Orbite Aluminae, which is currently converting its high-purity alumina (HPA) production plant, at Cap-Chat, in Quebec, into a full-scale, 1 t/d facility, has confirmed that the Europe-sourced components of the new castable material for the plant’s refractory system have arrived in the... 

Anglo's zinc loss now Vedanta's sweet gain

By: Martin Creamer London-listed diversified mining company Vedanta Resources has found itself in a sweet spot as the owner of the zinc assets that Anglo American saw fit to sell off four years ago, when China seemed in perpetual over supply mode and small operations abounded. But China is no longer supplying as it... 

Anglo's zinc loss now Vedanta's sweet gain
Photo by Duane Daws
Deshnee Naidoo

South32 catalyst for next wave of productivity gains – BHP Billiton

By: Martin Creamer Mining giant BHP Billiton, which pulled a free cash flow rabbit out of the thrashed commodity price hat in the six months to December 31, intends the spinoff of South32 to be the catalyst for the new wave of productivity gains in the period ahead “because if you keep doing the same thing, you... 

South32 catalyst for next wave of productivity gains – BHP Billiton
Photo by Duane Daws
Peter Beaven

EY’s Canadian Mining Eye index falls 12% in Q4, lower oil prices provide some respite

By: Henry Lazenby Global professional services firm EY’s Canadian Mining Eye index fell 12% in the quarter ended December 31, compared with a 15% decline in the prior period. The index underperformed against the S&P/TSX Composite index, which fell 2% in the last quarter of 2014, while the London Metal Exchange... 

EY’s Canadian Mining Eye index falls 12% in Q4, lower oil prices provide some respite

Orbite selected for $4.5m grant to advance waste monetisation initiative

By: Tracy Hancock TSX-listed Orbite Aluminae has been granted up to $4.5-million in nondilutive funding towards the development, demonstration and commercialisation of its technology for the processing of red mud. Orbite CEO Glenn Kelly said on Monday that the funding from Sustainable Development Technology Canada... 

Orbite selected for $4.5m grant to advance waste monetisation initiative
Alumina

Expect increased mining M&A with a difference – Standard Bank

By: Martin Creamer Because investors have been shunning the mining sector, mining company CEOs lacked the confidence to undertake any significant merger and acquisition (M&A) in the last two years. M&A generally thrives on confidence, which has been in short supply because of commodity prices falling even further... 

Expect increased mining M&A with a difference – Standard Bank
Photo by Duane Daws
Rajat Kohli

Mining companies suffer $70bn in impairment losses – report

A recent survey revealed that major global mining companies had suffered impairment losses of $70-billion in 2013/14, reflecting the impact of the current low commodity price cycle. The ‘Mining Financial Reporting Survey 2014’, compiled by financial services firm KPMG, further revealed that... 

Mining companies suffer $70bn in impairment losses – report

Creamer Media publishes Base Metals 2014: A review of Africa's base metal's sector research report

In light of these developments, Creamer Media’s Base Metals 2014 Report examines the global base metals market, with a particular focus on supply and demand, and on the production of copper, zinc, nickel and lead, as well as selected base metals operations and projects in Africa. 

Creamer Media publishes Base Metals 2014: A review of Africa's base metal's sector research report

Global base metals outlook turns negative – Moody’s

By: Henry Lazenby Global credit ratings advisory firm Moody’s Investors Service has changed its outlook on the global base metals industry to negative, citing weakening macroeconomic growth indicators and investor sentiment. In its report ‘Global Base Metals Industry: Economic Weakness and Copper Price Plunge Turn... 

Global base metals outlook turns negative – Moody’s

Lundin Mining expects 2015 to be another ‘strong execution’ year

By: Tracy Hancock Diversified base metals mining company Lundin Mining expects another year of strong execution in 2015, following favourable 2014 production results, as the company focuses on cash generation and profit optimisation at each of its operations. President and CEO Paul Conibear said the company was... 

Lundin Mining expects 2015 to be another ‘strong execution’ year

Back to basics key message in Deloitte trend forecast

By: Megan van Wyngaardt While the outlook of the global mining sector for the year ahead looks bleak, with mining companies having to contend with price volatility, geopolitical turmoil, rising costs, declining grades and a general lack of access to financing, advisory firm Deloitte believes all is not lost. In its... 

Back to basics key message in Deloitte trend forecast

Investors to blame for supporting dithering juniors

By: Henry Lazenby In the aftermath of several key mining-related indexes having dropped significantly since 2011, the mining industry as a whole, and particularly the junior explorers and project generators, have had to “reset” and undergo a paradigm shift from being project promoters to true value creators. This... 

Bank flags metal price weakness as key risk to Africa’s 2015 outlook

By: Terence Creamer A further decline in the already depressed price of metals – particularly iron-ore, gold and copper – would severely affect a large number of countries in sub-Saharan Africa, the World Bank’s latest Global Economic Prospects (GEP) report warns. The authors still expect the global economy to grow... 

Bank flags metal price weakness as key risk to Africa’s 2015 outlook

Alcoa swings to Q4 profit as strategy step-change pays off

By: Henry Lazenby US aluminium and lightweight alloys specialist Alcoa on Monday beat Wall Street analyst expectations when it reported a higher-than-expected adjusted profit for the December-quarter, following its strategic transition over the past year to forego primary aluminium production in favour of the more... 

Alcoa swings to Q4 profit as strategy step-change pays off

Orbite Aluminae receives notice of Canadian patent to treat red mud

By: Henry Lazenby Canadian clean-technology firm Orbite Aluminae has received a ‘notice of allowance’ indicating that it would be granted a Canadian patent for its process for treating red mud. The TSX-listed company, which is currently converting its high-purity alumina (HPA) production plant, at Cap-Chat, in... 

Waning investor confidence, weak commodity prices among factors limiting growth of African mining sector 

By: Jade Davenport Along with the Arctic, sub-Saharan Africa remains the most underexplored and highly prospective mineralised region on earth. However, despite its ‘open for business’ approach and myriad investment opportunities – in terms of greenfield and brownfield projects across the commodity spectrum –... 

Waning investor confidence, weak commodity prices  among factors limiting growth of African mining sector

Capital misallocation lowering commodity prices – Glencore

By: Martin Creamer Capital misallocation, not a lack of demand, remained the key factor in the current low level of several commodity prices, Glencore CEO Ivan Glasenberg said on Wednesday. Highlighting the need to differentiate by commodity in allocating capital, Glasenberg said at the company’s investor day in... 

Capital misallocation lowering commodity prices – Glencore
Photo by Duane Daws
Ivan Glasenberg
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