R/€ = 14.48 Change: -0.01
R/$ = 12.93 Change: 0.05
Au 1256.83 $/oz Change: 1.66
Pt 931.50 $/oz Change: 3.75

Base Metals News

Zinc rally to slow in H2 as headwinds mount – BofAML

By: Henry Lazenby     24th June 2017 Headwinds to the current zinc price rally are expected to mount during the second half of the year as consumption slows, undermining the base metal’s strong fundamentals, new analysis by Bank of America Merrill Lynch (BofAML) has found. The banking group’s Global Commodities Research team said in... 

Mining Charter violates shareholder rights – Hogan Lovells

By: Martin Creamer     23rd June 2017 Mining Charter Three’s arbitrary increase of empowerment shareholding to 30% violates the property rights of shareholders, and the new charter’s requirement to pay 1% of yearly turnover is not expected to survive challenges under the Companies Act and the Constitution. Property rights under the... 

Mining Charter violates shareholder rights – Hogan Lovells
Hogan Lovells partner Wessel Badenhorst

BMR Group raises funds to further fund Kabwe construction

By: Megan van Wyngaardt     23rd June 2017 BMR Group has, through the placement of 9.3-million new ordinary shares at 3.75p apiece, raised £350 000 before expenses. The Aim-listed company will use the proceeds to further its Kabwe lead and zinc mine, in Zambia, where civil construction works are under way. 

Aluminium giants stop short of backing Trump import crackdown

By: Bloomberg     23rd June 2017 As the calls for restrictions on cheap Chinese imports reach a fever pitch in Washington, some of the biggest North American aluminium producers are advocating a softer touch. Alcoa Corp. urged the US to directly engage with China to ensure overproduction no longer spills out to the rest of the... 

Sherritt rings TSX opening bell in celebration of 90 years in business

By: Henry Lazenby     22nd June 2017 Canadian diversified miner Sherritt International on Thursday rang the opening bell of the TSX in celebration of the company’s 90 years of operations and 21 years being listed on Canada’s largest stock exchange. Senior VP for human resources Karen Trenton had the honour of opening the market for... 

South32 awards R158m coal contract to 100% black-owned mining firm

By: Martin Creamer     22nd June 2017 Diversified mining company South32 has awarded a three-year, R158-million contract at the Wolvekrans Middelburg Complex to 100% black-owned Modi Mining, which aims to source up to 90% of its labour from the nearby communities. The award marks an advance on the ASX- and JSE-listed company’s plans... 

South32 awards R158m coal contract to 100% black-owned mining firm
Photo by Duane Daws
South32 president and COO Africa Mike Fraser

Zambia's 2017 copper output expected to top 850 000 t

By: Reuters     22nd June 2017 Copper production in Zambia, Africa's No.2 producer of the metal, is expected to rise to 850 000 t in 2017 from 770 597 t last year, the nation's vice president said on Thursday. "Copper production is poised to continue increasing owing to the expansion projects at existing mines and greenfield... 

Freeport Indonesia says giant copper mine running as normal despite strike

By: Reuters     22nd June 2017 Operations at the world's No.2 copper mine in Indonesia are "running as normal", a spokesman for the local unit of Freeport-McMoRan Inc said, despite thousands of workers extending a strike for another month. Riza Pratama said in a text message on Thursday that "around 25 000 workers and... 

Slow, bumpy market recovery on the cards for most commodities

By: Henry Lazenby     22nd June 2017 The global commodity market is probably in for a slow, drawn-out recovery following the five-year bear market, S&P Global Market Intelligence director for reports on the metals and mining sectors Dr Chris Hinde said during a webcast on Wednesday. According to S&P’s ‘State of the Market’ report,... 

Slow, bumpy market recovery on the cards for most commodities

Mining Charter exposing South African economy to GATT angst  

By: Martin Creamer     21st June 2017 The procurement rules of the new Mining Charter may violate South Africa’s obligations under the General Agreement on Tariffs and Trade (GATT), exposing the country to challenges by other member states of the World Trade Organisation (WTO), Herbert Smith Freehills lawyers Peter Leon and Patrick... 

Mining Charter exposing South African economy to GATT angst
Photo by Duane Daws
Herbert Smith Freehills co-chair Peter Leon

Polish copper producer KGHM to make lowest dividend payout in 16 years

By: Reuters     21st June 2017 Shareholders in Polish state-run copper producer KGHM on Wednesday approved a dividend payout of 1 zlotys per share, in line with the management board's proposal. The dividend, which amounts to a total of 200-million zlotys ($52.6-million), is the lowest KGHM payout since 2001. 

Ferrum Crescent appoints technical consultant to advance Spain project

By: Creamer Media Reporter      21st June 2017 Lead/zinc explorer Ferrum Crescent has appointed Myles Campion as a technical consultant to assist in progressing its exploration portfolio in northern Spain. Campion, which has extensive experience in resource delineation, both as a geologist and a resources fund manager, will oversee all... 

Horizonte advances feasibility study for Araguaia project

By: Megan van Wyngaardt     21st June 2017 Nickel developer Horizonte Minerals has awarded contracts for key parts of the feasibility study at its 100%-owned Araguaia nickel project, in Brazil. The dual-listed miner has appointed Steinweg Handelsveem for material transport and logistics, SM&A Electrics for power infrastructure and power... 

Horizonte advances feasibility study for Araguaia project

Western Areas sees production at top end of guidance

By: Esmarie Swanepoel     21st June 2017 Nickel miner Western Areas expects its full-year production to be at the top end of its guidance, following a strong second half. The miner expects to produce between 25 000 t and 26 000 t of nickel in ore, and between 22 000 t and 23 00 t of concentrate. 

Russia's Rusal may cancel Paris listing, head to London – sources

By: Reuters     21st June 2017 Russian aluminium producer Rusal is considering cancelling its Euronext listing in Paris and instead moving to a technical listing in London, two sources close to the company said. The move would not require new shares to be placed. 

RNC declares commercial production at Beta Hunt mine in Australia

By: Henry Lazenby     21st June 2017 TSX-listed copper and gold producer RNC Minerals has declared commercial production at the Beta Hunt mine, in Western Australia. The Toronto-headquartered company announced on Tuesday that Beta Hunt has met the commercial criteria of producing at least 3 500 oz of gold over a one-month period,... 

Nevsun restarts copper concentrate sales

By: Henry Lazenby     20th June 2017 Base metals producer Nevsun Resources has resumed sales of copper concentrate produced from primary ore at the Bisha mine, in Eritrea. The Vancouver-based miner reported on Tuesday that it has sold and shipped 5 800 t of concentrate to an international trader on competitive commercial terms. 

Mining Charter set to worsen stakeholder relations – Bench Marks

By: Martin Creamer     20th June 2017 The new Mining Charter is the flawed outcome of inadequate consultation with communities, the board of the Bench Marks Foundation said on Tuesday, when it warned that the document is poised to worsen stakeholder relations. Bench Marks executive director John Capel condemned the new charter as a... 

Mining Charter set to worsen stakeholder relations – Bench Marks
Photo by Reuters
Rt Rev Dr Jo Seoka, chairperson of the Bench Marks Foundation, which has launched a scathing attack on the new Mining Charter.

Bluejay Mining to further explore Disko project

By: Megan van Wyngaardt     20th June 2017 Nordic-focused metals miner Bluejay Mining has finalised a field programme to refine the geological model of the Disko Nuussuaq project, in Greenland. Disko is a large-scale magmatic massive sulphide (MMS) target, which demonstrates many characteristics analogous to a flood basalt MMS... 

Busiest project bidding period ever – ELB

By: Martin Creamer     20th June 2017 Johannesburg Stock Exchange-listed ELB Group is having its busiest project bidding period ever, and is seeing a strengthening in base metals and great opportunities in gold. “In the last six months, we’ve experienced our busiest bidding period ever,” ELB Group CE Dr Stephen Meijers told Mining... 

Busiest project bidding period ever – ELB
Photo by Duane Daws
ELB Group CE Dr Stephen Meijers

Copper Mountain confident of organic resource expansion

By: Henry Lazenby     20th June 2017 Vancouver-based miner Copper Mountain Mining Corporation is progressing with an exploration programme at its Copper Mountain mine, in southern British Columbia near the town of Princeton, aimed at extending Pit 2 to the west and to follow up on pre-2012 drilling that intersected significant... 

Copper production growth to accelerate to 2021

By: Anine Kilian     19th June 2017 Global copper production growth will be supported by key markets with low operating costs and strong project pipelines in the next four years, according to research firm BMI’s copper outlook report, released Monday.  Global copper mine production, supported by markets and low operating costs, is... 

Some Indonesian nickel smelters cease operations due to falling prices

By: Reuters     19th June 2017 About a dozen newly constructed nickel smelters in Indonesia have stopped operations due to a plunge in nickel prices while others are operating at a loss, an industry association executive said on Monday. Thirteen smelters with a combined capacity of 750 000 t of nickel pig iron a year "were... 

Amplats' exit from Brazil platinum prospect sparks London listing

By: Martin Creamer     19th June 2017 The withdrawal of South Africa’s Anglo American Platinum (Amplats) from a platinum group metals (PGM) project in Brazil has opened the way for Jangada Mines to acquire the asset and head for the London Aim to raise an initial £2-million in equity capital to fund the project. Jangada chairperson... 

Amplats' exit from Brazil platinum prospect sparks London listing
Funding sought for Brazil platinum project

Metalicity eyes DSO operation at Admiral Bay

By: Esmarie Swanepoel     19th June 2017 ASX-listed junior Metalicity is hoping to bring forward production at its Admiral Bay zinc project, in Western Australia, with the introduction of an ore sorting technique. The company said on Monday that it would undertake a detailed assessment programme of the ore sorting technique as part of... 

Desert Star announces transformational transaction as it buys Capstone’s Kutcho project

By: Henry Lazenby     17th June 2017 TSX-listed base metals company Capstone Mining has agreed to sell its Kutcho copper/zinc/gold/silver project to TSX-V-listed Desert Star Resources for C$28.8-million in cash. The payment will also include a scrip portion to give Capstone a 9.9% stake in Desert Star upon closing. 

Chinese production, capacity cuts needed to rebalance aluminium market

By: Henry Lazenby     17th June 2017 New analysis by Bank of America Merrill Lynch’s (BofAML’s) Global Commodity Research team sees no alternative but for China to cut back production (temporary) and capacity (permanent) to rebalance the global market. While aluminium has been the best performing base metal since the start of the... 

Odysseus resource increases - Western Areas

By: Esmarie Swanepoel     16th June 2017 Nickel miner Western Areas has reported a 311% increase in the total massive sulphide resource at its Cosmos Odysseus project, in Western Australia, increasing it to 22 838 t grading 8.4% nickel. An increase in the Odysseus North disseminated indicated resource, and an overall increase to the... 

Trevali strikes more zinc at New Brunswick mining camp

By: Henry Lazenby     16th June 2017 Canadian base metals producer Trevali Mining has hit more high-grade zinc intercepts during its 2016/17 exploration campaign on the Halfmile deposit, located in the Bathurst Mining Camp of north-eastern New Brunswick. Designed to validate historic data as well as to expand and improve upon the... 

JV contract secured to desilt acid ponds

     16th June 2017 Industrial pump rental service provider Integrated Pump Rental, in a joint venture (JV) with supplier and service provider of equipment to mining and allied industries EC Mining, has secured a contract to desilt four acid ponds at a copper mine in the Democratic Republic of Congo (DRC). This... 

JV contract secured  to desilt acid ponds
CAUSE AND EFFECT Acid ponds and dams that have become silted have serious repercussions for a mining operation

Mundoro Capital focusing on copper, gold exploration in south-eastern Europe

By: Ilan Solomons     16th June 2017 Mineral exploration and investment company Mundoro Capital is focused on providing value to its shareholders through the exploration work on its copper and gold projects, in Serbia and Bulgaria. Mundoro CEO Teo Dechev highlights that the company’s projects are located on the Western Tethyan belt... 

Mundoro Capital focusing on copper, gold exploration  in south-eastern Europe
HIGHLY PROSPECTIVE Mundoro projects are located in an area with historical discoveries of 67-million ounces of gold and 8.7-million ounces of copper, lead and zinc combined

New version of breathalyser used at mines, industrial sites reduces chances of cheating

By: Mia Breytenbach     16th June 2017 To further improve the security of testing and reduce “cheating”, or circumvention of breathalyser tests, alcohol detection technology and services provider Alco-Safe is developing a new version of its ALControl breathalyser unit for application at mine and industrial sites. “The new unit,... 

New version of breathalyser used at mines, industrial sites reduces chances of cheating
PRODUCT OF INTEREST Alco-Safe has installed more than 15 of its new ALControl standalone breathalyser units at various coal mines in Mpumalanga in the past two months

Stator introduced for reduced energy and maintenance costs

     16th June 2017 Solutions provider for difficult pumping applications Netzsch Pumps North America has introduced the iFD-Stator 2.0, which it says combines efficiency, economy and environmental safety in one system. Featuring a two-part, reusable stator housing and replaceable stator, the iFD-Stator 2.0 is... 

Stator introduced for reduced energy and maintenance costs
NEXT GENERATION The new housing concept of the iFD-Stator 2.0 is easier to handle than the previous generation and delivers a longer service life

Technological innovations will be key to success of seabed mining

By: Ilan Solomons     16th June 2017 Minerals from the deep sea, such as polymetallic nodules, ferromanganese crusts and hydrothermal sulfides are potential sources of metals such as copper, nickel, cobalt, manganese and iron. In future, depending on the development of suitable technologies, these minerals could be mined and metals... 

Zambia’s mines chamber calls for transparent electricity pricing

By: Ilan Solomons     16th June 2017 The Zambia Chamber of Mines (ZCM) says that the country’s power pricing must of necessity be determined in a transparent, objective and efficient manner. The chamber notes that as an industry body, it does not and cannot negotiate power tariffs for its individual members. Nonetheless, the ZCM... 

Zambia’s mines chamber calls for transparent electricity pricing
CORE CONCERN The question of power pricing is ‘vital to the economic future of Zambia’

Chamber going to court to halt devastating charter blow to already battered mining sector 

By: Martin Creamer     15th June 2017 The Chamber of Mines of South Africa will be applying at the earliest opportunity for a court date for a declaratory order on continuing empowerment consequences, as well as immediately seeking an interim court interdict to suspend the implementation of Mining Charter Three, the devastating set... 

Chamber going to court to halt devastating charter blow to already battered mining sector
Photo by Creamer Media
Chamber of Mines of South Africa president Mxolisi Mgojo

From Tesla cars to underwear, metal makers seek new markets

By: Bloomberg     15th June 2017 The world’s biggest mining companies would like you to put more zinc in your zucchini and copper in your socks and dental floss. While builders and manufacturers remain the biggest metals users, producers are confronting the end of a Chinese industrial boom that fueled surging global demand and... 

Crusader pulls the trigger on Stratex merger

By: Esmarie Swanepoel     15th June 2017 Brazil-focused Crusader Resources has put into action an earlier nonbinding heads of agreement with Aim-listed Stratex International, announcing on Thursday that the two companies would merge. ASX-listed Crusader has now entered into a binding scheme implementation deed with Stratex, which would... 

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