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Argentina scraps mining export taxes as part of free market push

By: Reuters Argentina's new president has revoked the 5% tax that the previous administration collected on mining exports, state news agency Telam reported on Friday, as part of the country's two-month old push toward open markets. "Today end the taxes on mining exports," president Mauricio Macri,... 

Ferrochrome price nears bottom, but no improvement expected just yet – analyst

By: Ilan Solomons The ferrochrome market is nearing the bottom of the cycle. This is evidenced by the fact that the latest price contractions have resulted in closures across the supply chain, states mining consultancy Core Consultants MD Lara Smith. She notes that stainless steel production during quarter four of... 

Ferrochrome price nears bottom, but no improvement  expected just yet – analyst
Photo by Duane Daws
REDUCED USE Ferrochrome capacity use has slowed to 54% in 2015, compared to 60% in 2014

Mining stocks resemble ‘a big Walmart sale’ as low commodity prices persist

By: Henry Lazenby Sentiment remain negative about the mining and oil and gas industries as the super cycle nears a protracted potential bottom, resulting in dwindling market capitalisations for companies large and small and cruelly undervalued stock prices – creating a buyer’s market for the savvy investor. Chief... 

Mining stocks resemble ‘a big Walmart sale’ as low commodity prices persist

Glencore reports lower FY coal, copper output

By: Creamer Media Reporter Output across most of diversified major Glencore’s production categories fell in 2015, with coal output down 10% year-on-year, copper production 3% year-on-year and nickel 5% year-on-year. Coal production decreased to 131.5-million tonnes, owing to the curtailment of production in response to... 

Glencore reports lower FY coal, copper output

Samancor warns of job cuts

By: Megan van Wyngaardt The low chrome ore price has forced Samancor Chrome to consider job cuts, which could affect as many as 280 employees, Solidarity said on Friday. “Despite the implementation of several measures at all our business units, the . . . decrease of the ferrochrome market price has forced us to issue a... 

Crucial decision needed on empowerment levels

By: Nadine James An urgent court judgment needs to be made to determine the empowerment levels in South Africa’s mining industry, as this will most likely impact on the future alignment between the Department of Trade and Industry (DTI) codes and the Mining Charter, stresses Cliffe Dekker Hofmeyr director of... 

Crucial decision needed on empowerment levels
ALLAN REID Aligning the Mining Charter with the Department of Trade and Industry codes will be challenging, regardless of the Department of Mineral Resources' 12-month extension

Delayed MPRDA Amendment Bill unfavourable

By: Nadine James It is more than a year since the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill was referred back to Parliament by President Jacob Zuma for reconsideration. According to the latest available public record, more parliamentary committee meetings to reconsider the Amendment... 

Delayed MPRDA Amendment Bill unfavourable

Mine health, safety amendment still not effective

By: Nadine James Two of the additional regulations pertaining to the operation of  diesel-powered trackless mobile machinery (TMM) on mines – which were published in February 2015 – remain inoperable, as the Department of Mineral Resources (DMR) has yet to stipulate a date when the specific obligations come into... 

Mine health, safety amendment still not effective
Photo by Bloomberg
AVERTING COLLISIONS Several of the new regulations regarding Trackless Mobile Machinery are meant to prevent or reduce collisions

Mining needs critical legal regulatory matters resolved

There will be many critical legal and regulatory issues facing the mining industry in 2016, says Chamber of Mines (CoM) legal head Lerato Legong. He claims that “one of the most important is going to be the review of the Mining Charter, which will likely lead to the development of the third... 

Mining needs critical legal regulatory matters resolved
Photo by Bloomberg
MOSEBEZI ZWANE The Chamber of Mines expects that the Mineral Resources Minister and his department will deal with a number of regulatory issues in the coming year

Proposed MPRDA amendments lack clarity

By: Nadine James While the proposed amendments to the Mineral and Petroleum Resources Development Act (MPRDA) contain positive aspects, in a broader sense, they are flawed, particularly in terms of the applications and appeals processes regarding mining rights, says Hogan Lovells partner and head of mining Warren... 

Proposed MPRDA amendments lack clarity
WARREN BEECH The amendments pertaining to appeals will adversely impact mining right applicants in terms of starting the process of securing operations funding and their contractual obligations

Applied Mineral Technologies

Witbank-based Applied Mineral Technologies (Amtec) specialises in the fabrication and construction of materials handling systems and processing plants. “Amtec is especially proficient and experienced in brownfield and shutdown construction activities having successfully undertaken many... 

Applied Mineral Technologies

Key speaker to address investment options at Indaba

By: Mia Breytenbach International financial institution World Bank Group VP Makhtar Diop will be a key speaker at this year’s Investing in African Mining Indaba as well as being part of the market panel titled ‘Driving Investment in African Infrastructure - what are the investment options?’. The Mining Indaba will... 

Key speaker to  address investment options at Indaba
Photo by Duane Daws
MAKHTAR DIOP Despite the slowdown of Africa’s biggest economies, the gross domestic product in the region is expected to pick up to an average of 4.4% and 4.8% in 2016 and 2017, respectively

Networking at every turn

By: Kimberley Smuts Event organiser Mining Indaba recognises that one of the most critical functions of the Investing in African Mining Indaba conference is to create a platform that allows all those operating in the African mining sector to engage. The annual Mining Indaba taking place from February 8 to 11 at the... 

Networking at every turn
NETWORKING OPPORTUNITIES ABOUND Mining Indaba has again allocated specific times for networking over the course of the event to allow delegates to set up meetings and take advantage of the opportunity to meet new business contacts

Schwalbe

Focused on providing products and services while ensuring competitiveness in quality, reliability and price, South Africa-based drilling equipment supplier Schwalbe’s product lines have been supplied to and also tested with favourable results achieved by companies such as gold producer Anglo Gold... 

Schwalbe

Settlement with RPM to ‘materially’ impact IFMSA sales price – IFM

By: Creamer Media Reporter A settlement agreement between International Ferro Metals’ (IFM’s) South African subsidiaries and Rustenburg Platinum Mines (RPM) in an upper-group two (UG2) chrome ore supply dispute, is expected to have a “material impact” on the purchase price that Samancor is to pay for the assets of... 

KWG and Chinese partner ink MoU for design, financing of RoF railroad

By: Henry Lazenby Ring of Fire (RoF) development company KWG Resources has signed a memorandum of understanding with China Railway First Survey & Design Institute Group (FSDI) that establishes the terms for mutually proceeding with a feasibility study for the design and financing of a railroad that will link the... 

Tharisa ups Q4 production despite safety stoppages

By: Megan van Wyngaardt JSE-listed Tharisa increased production at its flagship chromite and PGM expansion mine, near Marikana, in the four months to December 31, 2015, relative to the comparable quarter.  The company regards this as “commendable”, considering the number of production shifts lost, owing to safety... 

Policy uncertainty, DMR leadership ‘challenges’, weak prices bode ill for mining sector in 2016

By: Jade Davenport Over the last few years, South Africa’s mining industry has staggered into the new year increasingly the worse for wear having been ravaged by a myriad of challenges over the course of 2015 not least of which have included mineral-policy uncertainty, labour-management disputes, waning investor... 

Policy uncertainty, DMR leadership ‘challenges’, weak prices bode ill for mining sector in 2016

Afarak subsidiary secures exploitation licence for Turkey chrome project

By: Megan van Wyngaardt Dual-listed Afarak Group subsidiary Turk Maadin Sirketi (TMS) has been granted the exploitation mining licence for its Turkey-based Eagle Field chrome project. TMS would now investigate the most appropriate time to bring the mine into production to ensure that the company benefitted from the... 

NUM to fight retrenchments at Limpopo chrome mine

By: Natasha Odendaal The National Union of Mineworkers (NUM) on Wednesday vowed to fight the possible retrenchment of some 700 employees at the ASA Dilokong chrome mine, in Limpopo, amid restructuring efforts. In response to ASA’s issue of Section 189 notices to the NUM this week, the trade union called on Mineral... 

ASA Metals in Limpopo to retrench 750 workers

By: African News Agency Limpopo’s ASA Metals and Dilokong Chrome Mine is set to retrench 750 workers as part of restructuring plans, a move that has been slammed by a labour union. “The company is forced into [a] restructuring process which will cause significant reduction in its operation including the number of... 

KWG looks towards the East to finance its proposed Ring of Fire railway

By: Henry Lazenby KWG Resources is looking to the Far East to secure funding for its proposed 340 km rail corridor, which the project developer believes holds the key to unlocking the vast mineral wealth of the James Bay Lowlands of Northern Ontario. “The reason KWG is looking to China to fund its proposed railway... 

KWG looks towards the East to finance its proposed Ring of Fire railway
Photo by KWG Resources
KWG Resources undertaking drilling at the Big Daddy deposit, in the Ring of Fire.

Crisis excellent opportunity to rescue mining – Motlanthe

By: Martin Creamer The current crisis in South Africa’s mining industry should be grasped as an excellent opportunity to introduce material change through an effective joint organising body that gets things done within specified timelines. “We’re in a rut and need to pull ourselves out of it together,” says former... 

Crisis excellent opportunity to rescue mining – Motlanthe
Photo by Duane Daws
Kgalema Motlanthe interviewed by Mining Weekly Online.

Kriel Occupational & Wellness Centre

Independent service provider Kriel Occupational & Wellness Centre, a 100% black, female-owned business, was formed in 2008 to bridge the gap in the occupational health sector identified by director Dr Patience Lindi Mokwena. The women-empowered company, which is focused on servicing the mining... 

Kriel Occupational & Wellness Centre

Glencore shares soar as company spurts cash, reports “good” China sales

By: Martin Creamer The share price of Glencore soared more than 14% in Johannesburg after the diversified mining and marketing company told investors it would remain comfortably cash positive at materially lower commodity prices, had $14-billion liquidity headroom, beat its capital preservation targets and was... 

Glencore shares soar as company spurts cash, reports “good” China sales
Photo by Duane Daws
Ivan Glasenberg

Rapid debt reduction shapes Glencore for lower prices

By: Martin Creamer Global diversified mining and marketing company Glencore is ahead of schedule on the debt reduction plan, with rapid delivery of debt reduction measures preparing the London-, Hong Kong- and Johannesburg-listed giant for current, and even lower, commodity prices. Glencore CEO Ivan Glasenberg... 

Rapid debt reduction shapes Glencore for lower prices
Photo by Duane Daws
Ivan Glasenberg

Tharisa records maiden FY profit, targets further cost efficiencies 

By: Ilan Solomons JSE-listed integrated resource group Tharisa on Wednesday reported its first full-year profit of $6-million for the financial year to September 30. This compared with a loss of $54.9-million in the prior financial year.   Group revenue increased by 2.5% year-on-year to $246.8-million in the year... 

Tharisa records maiden FY profit, targets further cost efficiencies
Tharisa CEO Phoevos Pouroulis

How mining can innovate and boost cash at same time

By: Martin Creamer French software company Dassault Systèmes Geovia is offering South Africa’s struggling mining industry the opportunity to innovate and accelerate its cash flow at the same time. The company outlined its mix of innovation and cash-boosting potential at a presentation attended by Creamer Media’s... 

How mining can innovate and boost cash at same time
Photo by Duane Daws
David Osborn during video interview

Tramecon

Tramecon is a turnkey laboratory solutions provider, servicing mining projects worldwide from its wholly owned Randburg facility, comprising two mini factories covering 400 m2. The company has recently supplied South Africa-based product logistics monitoring for a Democratic Republic of Congo... 

Bauba confident of Moeijelijk 20yr mining right in Q1

By: Natasha Odendaal JSE-listed Bauba Platinum is cautiously optimistic of securing a 20-year mining right to replace the current small-scale mining permit over its Moeijelijk chrome deposit, in Limpopo, by the first quarter of 2016. The company lodged the application with the Department of Mineral Resources earlier... 

New software enables local mines to shorten survey cycles

By: Samantha Herbst Three Southern African mine owner-operators have upgraded their mine survey capability using software launched last year by global infrastructure software developer Bentley Systems. To increase production efficiency by delivering more timely information for planning and operational purposes,... 

New software enables local mines to shorten survey cycles
SURVEY SOFTWARE MineCycle Survey is enabling operations to quickly implement actionable survey intelligence and to distribute that information throughout the enterprise

Despite slowing growth, China to remain key growth market for metals

By: Henry Lazenby As commodity prices touched fresh decade-lows in recent months, a look at the global macroeconomic situation reveals that, despite China being a significant part of the commodity price slump, it will remain a critically important growth market for metals for decades to come. Addressing an... 

Despite slowing growth, China to remain key growth market for metals

Let’s rebuild mining together – Menell 

By: Martin Creamer South Africa has done just about everything possible to make running mining businesses very difficult, despite having wonderful mineral resources and many major capitalised mining enterprises. The country is suffering from 20 years of wrongfully assuming that mining has bottomless pockets to pay... 

Let’s rebuild mining together – Menell
Photo by Duane Daws
Rick Menell

Another listless year for mining belies future opportunities

By: Simon Rees China’s economic shift and the ongoing debate about a US interest rate rise continue to influence and shape the short-term future of mining and metals, Behre Dolbear senior MD Alastair McIntyre told an audience at a recent meeting of the Canadian Institute of Mining’s management and economic... 

Another listless year for mining belies future opportunities

New software enables local mine owners to shorten survey cycles, increase production agility

By: Samantha Herbst Three Southern African mine owner-operators have upgraded their mine survey capability using software launched last year by global infrastructure software developer Bentley Systems. To increase production efficiency by delivering more timely information for planning and operational purposes,... 

New software enables local mine owners to shorten survey cycles, increase production agility

PM Trudeau appoints new Cabinet, Carr named Natural Resources Minister

By: Henry Lazenby Shortly after being sworn in as Canada’s twenty-third Prime Minister on Wednesday morning, Justin Trudeau announced a new gender-equal Cabinet, including Manitoba MP James Carr as Minister of Natural Resources. In his new capacity, Carr assumed responsibility for the natural resources portfolio,... 

PM Trudeau appoints new Cabinet, Carr named Natural Resources Minister
Photo by Reuters
Canada's new Liberal Cabinet, led by PM Justin Truedeau.

Glencore shares leap as liquidity lifts, operations hum, debt falls

By: Martin Creamer Diversified mining and marketing major Glencore, which has been working hard to reduce debt in response to investor concerns, on Wednesday won market plaudits on its rising liquidity level, debt-cutting streaming transactions and operations that one analyst described as “humming”. As a... 

Glencore shares leap as liquidity lifts, operations hum, debt falls
Photo by Duane Daws
Ivan Glasenberg, backgrounded by the South African school Glencore funded.

TPT highlights role of technology in improving port efficiencies

By: Shirley le Guern Transnet Port Terminals (TPT) has improved efficiencies and significantly enhanced port throughput, thereby positively impacting on South Africa’s economic growth, CEO Karl Socikwa told delegates at the African Ports Evolution Conference, in Durban. The conference, now in its fourth year, was... 

TPT highlights role of technology in improving port efficiencies
Photo by Duane Daws
TPT CEO Karl Socikwa
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