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Metso’s new grinding technology deployed at Chilean copper mine

By: Ilan Solomons     Updated 1 hour 51 minutes ago Chilean State-owned miner Codelco’s underground copper mine El Teniente, in Cachapoal, Chile has become the first mine worldwide to use diversified engineering group Metso’s innovative grinding technology. Metso says that the technology is the “next level” of Poly-Met discharge grates for... 

Surface mining equipment market boost

     Updated 1 hour 51 minutes ago Based on a report by global market research and consulting service provider Global Market Insights (GMI), the surface mining equipment market is likely to be valued at $28.97-billion by 2022. The company notes in a press release in April that the flourishing demand for metallic ore as well as... 

Surface mining equipment market boost
Photo by Bloomberg
EQUIPMENT VALUE Opencast mining equipment reduces manpower needs, as these machines offer high accuracy while cutting stable, as well as, steep surfaces

Thompson Creek to install secondary Mount Milligan crusher

By: Henry Lazenby     Updated 5 hours ago Gold producer Thompson Creek Metals will spend $47-million to install a new secondary crushing circuit at its Mount Milligan flagship operation in British Columbia, as the company banks on more reliable throughput levels for the long-term at lower cost compared with temporary secondary crushing... 

Du Plessis stalls iron-ore growth as Rio opts for ‘any-and-all’ debt cutting

By: Martin Creamer While South African-born Rio Tinto chairperson Jan du Plessis was vowing not to expand Rio’s iron-ore division beyond 360-million tonnes a year, the globally perceived over-producer of iron-ore was outlining the steps it had taken to cut near-term maturing gross debt by $1.5-billion. Rio said... 

Du Plessis stalls iron-ore growth as Rio opts for ‘any-and-all’ debt cutting
Photo by Duane Daws
Jan du Plessis

Glencore cuts supply cloth to fit demand coat

By: Martin Creamer The mix of mining and marketing within the same company provides sensitivity to commodity price falls. Continually highlighting the value of the mining-marketing mix is Glencore, which is quick to respond to market changes. 

Glencore cuts supply cloth to fit demand coat
Photo by Duane Daws
Ivan Glasenberg hand-in-hand with Education Minister Angie Motshekga at school opening.

Glencore's Kidd ops and Raglan mine sweep MAC’s sustainable mining awards

By: Creamer Media Reporter Glencore's Kidd operations and Raglan mine were recognised by the Mining Association of Canada (MAC) on Monday, receiving Towards Sustainable Mining (TSM) excellence awards at the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) awards gala, in Vancouver. According to MAC, Glencore's... 

Western Areas raises SPP cap

By: Esmarie Swanepoel Nickel miner Western Areas on Tuesday increased the cap of its planned share purchase plan (SPP) from A$10-million to A$15-million after applications for the SPP exceeded A$20-million. The SPP formed part of a greater capital raise announced at the end of March this year, under which Western... 

Alcoa strikes power accord to keep Intalco smelter open

By: Henry Lazenby US specialty alloys producer Alcoa has struck an agreement with the Bonneville Power Administration (BPA) that would help improve the competitiveness of its 279 000 t/y Intalco smelter, in Washington state. As a result, the smelter will not close at the end of June, as previously planned by the... 

Kipushi PEA places Ivanhoe’s DRC redevelopment project in league of its own 

By: Henry Lazenby Africa-focused project developer Ivanhoe Mines has reported strong operating metrics for the high-grade Kipushi zinc/copper mine, in the Democratic Republic of Congo (DRC), after publishing a new preliminary economic assessment (PEA) Monday. The PEA, conducted by consulting engineering firms... 

Kipushi PEA places Ivanhoe’s DRC redevelopment project in league of its own
Photo by Ivanhoe Mines
Kipushi drilling, DRC

Copper Mountain swings to headline loss as Q1 copper prices, sales drop

By: Henry Lazenby Despite Copper Mountain reporting mine throughput at rates above guidance, it had swung to a first-quarter loss of C$34-million, or C$0.07 a share, as lower copper prices and fewer sales in the period impacted on the company's bottom line. The Vancouver-based company’s financial performance in... 

Antofagasta begins approval process for Los Pelambres mine investment

By: Reuters SAntofogasta Minerals, the Chilean subsidiary of Antofagasta, said on Monday that it was submitting a $1.1-billion investment plan at its Los Pelambres mine to environmental regulators for approval. In a press release, the company said the project would allow Los Pelambres to maintain its annual... 

Bahrain's Alba cites collapse in aluminium prices as Q1 profit falls 89%

By: Reuters Aluminium Bahrain (Alba), the owner of one of the world's largest aluminium smelters, reported an 88.6% fall in first-quarter net profit on Monday as a result of a collapse in aluminium prices. Alba's net income for the three months to March 31 was 4.2-million dinars ($11.22-million), said Alba... 

Bahrain's Alba cites collapse in aluminium prices as Q1 profit falls 89%

Hudbay stock on the move as sales, cash flows rise

By: Henry Lazenby The TSX-listed stock of base metals producer Hudbay Minerals jumped as much as 17% on Friday to C$6.22 a share, following the company reporting strong sales growth despite lower metals prices during the March quarter. The Toronto-based miner, with operations in Peru and Canada’s Manitoba... 

Chile data paints mixed picture for economy

By: Reuters Economic data published on Friday painted a mixed picture for Chile's economy, the world's No 1 copper producer, as factory output and copper production jumped while retail sales remained soft and the national jobless rate rose. "This is data that reflects the complexities faced by the economy... 

Companies bought to enhance training offering

Training, supply and management group Workforce Holdings announced in January that it had acquired the various operating companies comprising outsourcing solutions providers Quyn Outsource Solutions. Workforce has predominantly placed staff in nontechnical positions and adding Quyn to its service... 

Companies bought to  enhance training offering
Photo by Bloomberg
SKILLS OFFERING EXPANDED Quyn Outsource Solutions’s e provision of technical skills to clients across a range of industries represents diversification for Workforce

Company to exhibit highly resilient pipe at Copperbelt expo

Two trading arms of complete pipeline solutions provider Rare, Rare Plastics and Rare Pipeline Services (which incorporates Rare Construction Zambia), will be exhibiting at this year’s Copperbelt Mining Trade Expo and Conference (CBM-TEC) from May 12 to 13. Rare will be showcasing their new Rare... 

Emphasis on opportunities in harsh business climate

By: Simon Sonnekus The West African Mining & Power Exhibition (Wampex) 2016 will showcase the opportunities that still exist in the challenging African market, says events company and organiser dmg-ems Africa VP Christine Davidson. The biennial event, which has been running for 22 years, will return to the Accra... 

Emphasis on opportunities  in harsh business climate
GLOBAL ATTRACTION Between 50 and 100 companies are expected to attend, with exhibitors from China, the UAE, France, Poland, South Africa, the UK and Turkey confirmed

MetSkill

By: Creamer Media Reporter Process industry training provider MetSkill is actively involved with the development of the new occupational qualifications for the Quality Council for Trades and Occupations under the Mining Qualifications Authority (MQA). Benoni, Gauteng-based MetSkill, 100% owned by MD Rebecca Sands, has... 

Mineworkers empowered

By: Kimberley Smuts If workers in the mining, energy and construction industries want to improve their financial situation, it is important that they take advantage of the financial literacy programmes currently being rolled out by financial assistance provider Mineworkers Investment Trust (MIT), which supports... 

Mineworkers empowered
Photo by Bloomberg
INVESTING FOR THE FUTURE The Mineworkers Investment Trust's financial literacy training started in Mpumalanga as a pilot study in June 2015 with more training expected to take place this year

Nambian operation delivers improved copper cathode production

By: Mia Breytenbach Aim-listed mining company Weatherly International’s Tschudi mine, in Namibia, has achieved a production of copper cathode of 4% above the mine’s nameplate production rate of 17 000 t/y. The mine produced 4 442 t of copper cathode in the quarter ended March 31, the company reported in a statement... 

Nambian operation delivers improved copper cathode production
Photo by Bloomberg
PRINCIPAL ASSET The Tschudi openpit copper mine achieved better than its nameplate production of 17 000 t/y in December

Society aims to integrate more students into mining sector 

By: Kimberley Smuts The University of Witwatersrand's Students Mining Engineering Society (SMES) aims to increase the integration of mining engineering graduates into the mining industry this year, as well as to encourage mining engineering students to have an opinion on mining-related issues in South Africa. SMES... 

Society aims to integrate more students into mining sector
FORTUNE MSIBI Mining engineering students face the challenge of a lack of available jobs in the sector, as a result of South Africa’s financial crisis

Technological advancements continue despite mining sector’s downturn

By: Sascha Solomons Beneficial trends and technological advancements in the mining industry are being introduced regardless of the depressed market conditions that the sector faces, says environmental management company I-CAT Environmental Solutions technical manager Morne van Wyk. One such trend is recycling water... 

Technological advancements continue despite mining sector’s downturn
HYFLUX KRISTAL HOLLOW-FIBRE Ensure the effective and environmentally safe reduction of excess wastewater in the mining industry

West Africa fraught with challenges in tough mining times

By: Simon Sonnekus While political instability, corruption and the global commodities price crunch have had adverse effects on the West African mining sector, other factors such as a lack of infrastructure, power shortages and inconsistency and a lack of transparency in terms of regulatory policy, as well as... 

West Africa fraught with challenges in tough mining times
Photo by Bloomberg
UNREST Factors such as war, social unrest or hardship are all indicative of a somewhat unstable political environment, which, in turn, negatively impacts on the attractiveness of certain economies

ZCCM seeks to diversify assets as it reports 2015 loss

By: Ilan Solomons Zambian investments holding group ZCCM reported a full year loss after tax of K987-million for the year ended March 31, 2015. At the company level the loss was K639-million in 2015, which was a significant reversal from the profit of K893-million it made in 2014. 

ZCCM seeks to diversify assets as it reports 2015 loss
Photo by Bloomberg
Konkola Mine Konkola Copper Mines reported a net loss of $178.5-million for the financial year ended March 31, 2015, compared to a $89.2-million loss in 2014

First Quantum swings to Q1 profit as production rises

By: Henry Lazenby Canadian base metals producer First Quantum Minerals has swung to a first-quarter profit as strong production at all its continuing operations underpinned rising revenues. Net earnings from continuing operations attributable to TSX- and LSE-listed First Quantum shareholders was $49-million in the... 

Southern Copper's net profit dropped 34.5% in first quarter

By: Reuters Southern Copper's net profit dropped 34.5% to $185.1-million, or $0.24 a share, in the first quarter on slumping metal prices, the company said Thursday. The result was better than the mean market estimate of $139.76-million, according to Thomson Reuters I/B/E/S. 

Mexican miner Penoles' profit falls on financial costs

By: Reuters Mexican miner Penoles on Thursday reported a 65% drop in first-quarter net profit compared to the same period a year earlier, hit by higher financial costs on options it owned. The miner and metals processor which runs the world's largest primary silver producer, Fresnillo, posted a profit... 

Freeport's Chile-based El Abra mine, union seal wage agreement

By: Reuters Unionised workers at Chilean copper mine El Abra, controlled by Freeport-McMoran, accepted a wage contract offered by the company, union president Juana Mejias said on Thursday. Tensions between the union and Arizona-based Freeport, the world's biggest listed copper producer, have been high since... 

Covenant violation risk diminishes for Capstone

By: Henry Lazenby Copper producer Capstone Mining has reported a narrower first-quarter adjusted loss of $1.5-million, or nil per share, year-on-year, despite rising costs at its Minto mine, in the Yukon Territory of Canada. For the period ended March 31, Capstone reported operating cash flow before changes in... 

Orbite to close another financing with Quebec govt

By: Henry Lazenby TSX-listed Orbite Technologies has entered into a letter of intent with Investissement Québec to provide the company with total financing of C$15-million. Orbite advised Wednesday that the financing was expected to comprise the purchase of 10% convertible non-secured debentures in the principal... 

Sherritt widens headline loss as low oil, metals prices hurt Q1 financials

By: Henry Lazenby Diversified miner Sherritt International has reported a 79% wider adjusted loss year-on-year in the first quarter, as nickel, cobalt and oil prices have plunged during the period. Excluding special items of about C$79.1-million, Toronto-based Sherritt recorded an adjusted loss of... 

Chile seen producing 5.77m tonnes copper in 2016 – Cochilco

By: Reuters World No 1 copper exporter Chile is expected to produce 5.77-million tonnes of the metal in 2016 and prices for the industrial metal are seen averaging $2.15/lb for the year, state copper commission Cochilco said on Wednesday. Copper prices are expected to average $2.20/lb for 2017, it added. 

Indonesia estimates value of Freeport unit two-thirds below offer

By: Reuters Indonesia has proposed a value for a 10.64% stake in Freeport-McMoran's local unit that is about two-thirds below the figure the company proposed in January. Copper miner Freeport's unit is valued at about $630-million and the US-based parent has been asked to revise its offer, an Indonesian... 

Teck reports surprise profit as steelmaking coal, zinc prices turn north

By: Henry Lazenby Canada’s largest diversified miner Teck Resources has reported a surprise profit for the three months ended March 31, reporting headline earnings attributable to shareholders of $18-million, or $0.03 a share, compared with a forecast loss of $0.03 a share. Vancouver-based Teck, the largest... 

World Bank does not see platinum rally being sustained

By: Terence Creamer The World Bank does not expect the recent rise in platinum prices to be sustained for the full year, with its latest ‘Commodity Markets Outlook’ report forecasting a 10% year-on-year price decline in 2016. The report, released on April 26, notes that precious metals prices increased by 6% in the... 

World Bank does not see platinum rally being sustained

Freeport loss doubles as low prices bite

By: Henry Lazenby US diversified miner Freeport McMoRan has booked a $3.8-billion write-down of the carrying value of its oil and gas properties, on the back of lower West Texas Intermediate prices. The company reported a net loss attributable to common stock totalling $4.2-billion, or $3.35 a share, for... 

Heartening progress overshadowed by heartbreaking loss of life

By: Martin Creamer The loss of six lives is completely overshadowing the encouraging progress being made to build a stronger and more robust Impala Platinum (Implats). Implats CEO Terence Goodlace lamented in the company's latest quarterly report for the three months to March 31 that the deaths of four employees in... 

Heartening progress overshadowed by heartbreaking loss of life
Photo by Duane Daws
Terence Goodlace

Dugald River gets special status from Qld govt

By: Esmarie Swanepoel The Queensland state government has granted developer MMG’s A$1.4-billion Dugald River zinc project special status in an effort to reduce red tape and to assist in job creation in the region. State Development and Natural Resources and Mines Minister Dr Anthony Lynham said that projects like... 

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