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Diversified Miners News

New signs of hope for junior miners, says Minerals Council’s Chabana 

By: Simone Liedtke     22nd March 2019 Despite the sector having been relatively unorganised and with junior mining companies rarely given an opportunity to influence national mining policy, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana believes there are “new signs of hope and... 

Jubilee set to acquire Sable Zinc refinery  

By: Nadine James     22nd March 2019 Dual-listed Jubilee Metals on Friday announced that it has executed a share purchase agreement for the acquisition of the Sable Zinc refinery in Kabwe, Zambia. The refinery is situated immediately adjacent to the large stockpiles of zinc, lead and vanadium that Jubilee has contracted from BMR Group. 

Recovery process aiding cyanide detox

By: Thabi Madiba     22nd March 2019 To assist mining companies in managing and recovering cyanide, engineering consultancy AZMET Technology & Projects developed the AZMET cyanide recovery process (AZ-CRP) to provide an alternative to cyanide detoxification. AZMET’s focus is to provide a simpler and more cost-effective solution for... 

Quicker manufacturing of rope attachments provides competitive edge

By: Cameron Mackay     22nd March 2019 Mining equipment manufacturer and supplier Becker Mining South Africa’s short turnaround time for the manufacturing of rope attachments provides the company with a competitive edge to take on large projects in the local mining sector, Becker Mining SA capital senior GM Tom Searle tells Mining... 

Quicker manufacturing of rope attachments provides competitive edge
SAFETY FIRST Rope attachments are used in several vertical shafts where they provide a safe method of terminating the winding rope

BI to expand offering in mining sector

By: Cameron Mackay     22nd March 2019 Bearings, power transmission and chain products distributor Bearings International (BI) hopes to increase its offering to the mining sector by providing various chain products to original-equipment manufacturers (OEMs) that supply equipment to this sector, says BI mining business development... 

BI to expand offering in mining sector
BEST POSITION Bearings International is looking to bring stock holding to the mining sector to have stock in the branches, at the right place, at the right time

Coal and illegal mining make headlines this week  

20th March 2019 This week, Canyon offers Eskom cheaper coal, Wescoal to acquire 50% interest in Arnot and Mineral Resources Minister Gwede Mantashe goes after illegal mining syndicate leaders. Mining Weekly editor Martin Creamer unpacks the headlines. 

Coal and illegal mining make headlines this week
Coal and illegal mining make headlines this week

BHP adds to its board

By: Esmarie Iannucci     19th March 2019 Diversified miner BHP has appointed Ian Cockerill and Susan Kilsby as independent non-executive directors to the company’s board, effective from April 1. Cockerill has extensive mining experience and has held a number of management roles, including as CEO of Anglo Coal and Gold Fields, and has... 

BHP adds to its board
Photo by Creamer Media
Ian Cockerill

Rio asks shareholders to vote against emissions resolution

By: Reuters     18th March 2019 Rio Tinto said on Monday it would recommend that shareholders vote against a resolution requiring the miner to report its direct emissions and those of its customers in greater detail. In a notice ahead of its annual general meeting in May, Rio said shareholders should vote against the proposed... 

Company secures Canadian government funding for final process testwork

15th March 2019 Canadian rare earth elements (REE) exploration company Medallion Resources will receive up to $50 000 in funding from the Canadian federal government, through small and medium-sized enterprises (SMEs) assistance programme the National Research Council of Canada Industrial Research Assistance... 

Company secures Canadian government funding for  final process testwork
Photo by Bloomberg
BY-PRODUCT MONAZITE Monazite sand is available as a by-product of heavy mineral sands mining operations and is recognised as an important commercial source of REEs

Global alliance looks to tackle tailings challenges

By: Nadine James     15th March 2019 Given the global challenges around mine waste, particularly around tailings, the Global Mineral Professionals Alliance (GMPA) –  a multinational collaboration between professional organisations for minerals – officially announced that it will undertake the Global Action on Tailings initiative.... 

Global alliance looks to tackle tailings challenges
Photo by Reuters
TAILINGS DEVASTATION Brazilian miner Vale has had two tailings disasters in four years, at the Mariana dam in 2015 and the Brumadinho dam in 2019

World Coal Association response to Glencore announcement

15th March 2019 In response to diversified resource company Glencore’s coal capping announcement last month, the World Coal Association (WCA) maintains that coal is a vital energy and strategic resource. It says coal is essential to the world’s sustainable development and energy security objectives and plays an... 

'Historic’ Arnot transaction realises aspirations of Mining Charter 3 – Mgojo 

By: Nadine James     14th March 2019 Diversified miner Exarro Resources has facilitated a transaction that enables former employees of Exxaro Coal Mpumalanga (ECM) to participate in 50:50 joint venture that is set to acquire the assets and liabilities of the Arnot coal mine, in Mpumalanga. On February 22, Exxaro signed a transfer... 

'Historic’ Arnot transaction realises aspirations of Mining Charter 3 – Mgojo
Photo by Creamer Media
MXOLISI MGOJO

Eskom reform urgent to restore ferrochrome potential 

By: Martin Creamer     12th March 2019 The demise of State power utility Eskom has caused South Africa to lose its optimal position in the lucrative ferrochrome business. Because of Eskom’s decline, unbeneficiated chrome ore exports from South Africa to China have enabled the Asian giant to ascend up the ferrochrome production ladder. 

Eskom reform urgent to restore ferrochrome potential
Photo by Merafe
South African chrome underpins China's ferrochrome dominance.

Vale removes executives after request by dam burst prosecutors

By: Reuters     11th March 2019 Brazilian mining company Vale said on Friday it has formally removed some executives from their positions after a request by Brazilian prosecutors investigating a dam burst that killed hundreds of people. Vale did not identify the executives or say what relation they had with the operation in... 

Slurry, thermoplastic valves up for mining task

By: Cameron Mackay     8th March 2019 Engineering consumables and components distributor Bearing Man Group (BMG) will continue to be prominent in the mining sector, as the company’s range of industrial slurry valves are suitable for harsh mining conditions. “BMG’s range of industrial valves, including the butterfly and knife gate, as... 

Slurry, thermoplastic valves up for  mining task
FLUID POWER RANGE BMG is working on new projects and solutions for historical issues regarding the pumping and conveying of slurries in the mining sector

Multibillion-dollar Zim PGMs project making progress

By: Natasha Odendaal     8th March 2019 In the heart of the Great Dyke of Zimbabwe, within the world’s second-largest known platinum group metals (PGMs) deposits, exploration has started on the 23 903 ha mining area of the Karo platinum project. One year after Cyprus-based Karo Mining signed the $4.2-billion deal to develop the latest... 

Multibillion-dollar Zim PGMs project making progress

WEBA Chute Systems founder inducted into International Mining’s 2018 Hall of Fame

By: Nadine James     8th March 2019 Gauteng-based family-owned WEBA Chute Systems founder and chairperson Werner Baller bested eleven other nominees to be inducted into the International Mining Technology Hall of Fame for 2018 – placing him in the esteemed company of industry pioneers who have shaped the mining equipment landscape.... 

Brazil Minister calls Vale 'important' even as prosecutors probe miner

By: Reuters     6th March 2019 Brazil's mining minister on Tuesday defended iron-ore miner Vale as vital to the country's economy, even after prosecutors accused the company of pressuring auditors to suppress evidence that its Brumadinho dam was unstable, months before the dam collapsed in January, killing hundreds. Minister... 

Brazil Minister calls Vale 'important' even as prosecutors probe miner
Minister Beno Albuquerque

AngloGold sells Colombian exploration assets

By: Marleny Arnoldi     5th March 2019 AngloGold Ashanti has agreed to sell its interests in Northern Colombia Holdings (NCH) to Royal Road Minerals. NCH owns an exploration title package comprising mining concession agreements covering about 36 000 ha of land, including the rights to acquire mining concessions over about 215 000 ha... 

BHP invests in Canadian firm removing CO2 from air

By: Esmarie Iannucci     5th March 2019 Mining major BHP will invest $6-million into Canada’s Carbon Engineering (CE), as part of its emissions reductions strategy. “BHP is committed to accelerating the global response to climate change by investing in emerging technologies that have the potential to lead to material reductions in... 

Congo President supports predecessor's mining policies  

By: Bloomberg     4th March 2019 The Democratic Republic of Congo’s new President appeared to offer support to his predecessor’s defining mining policies, which are opposed by international investors active in the country. “We will clean up the business climate through the popularization of the new mining code and the conclusion... 

Glencore CEO is said to meet Congo leader after ties strained

By: Bloomberg     1st March 2019 Glencore CEO Ivan Glasenberg met the Democratic Republic of Congo’s new president this week, their first encounter since Felix Tshisekedi took office, according to people familiar with the matter. The meeting comes after relations between mining companies and the government deteriorated last... 

Glencore cites trade as its 'foremost risk', others rising

By: Reuters     1st March 2019 Miner and trader Glencore said trade barriers are its "foremost risk", but climate, political, legal and other risks had become more prominent. Glencore, said in its annual report published on Friday that it was seeking to mitigate these challenges through conservative spending and strict... 

ARM’s H1 headline earnings up 13% y/y 

By: Marleny Arnoldi     1st March 2019 Diversified miner African Rainbow Minerals (ARM) achieved a 13% increase in headline earning to R2.2-billion for the six months ended December 31, 2018, compared with R1.9-billion in the six months ended December 31, 2017. The company, which is led by chairperson Patrice Motsepe and CEO Mike... 

ARM’s H1 headline earnings up 13% y/y
Photo by Creamer Media
ARM chairperson Patrice Motsepe

Auctions an efficient way to generate cash, reduce costs

By: Nadine James     1st March 2019 The term mining auction refers to a range of disposals in the mining sector, including the disposal of scrap and/or surplus yellow equipment, assets from business rescue and/or liquidation, and the disposal of mining concessions, explains Hogan Lovells partner Nicholas Veltman. The primary... 

Auctions an efficient way to generate cash, reduce costs

More support for Mining Indaba

By: Mamaili Mamaila     1st March 2019 The Investing in African Mining Indaba celebrated its twenty-fifth anniversary, and the 2019 edition was the best one yet, says mining investment conference Mining Indaba marketing head Joanna Kotyrba. 

More support for Mining Indaba
Young Leaders Programme Over 300% increase in attendance at this year’s programme

BHP makes changes to leadership team

By: Esmarie Iannucci     28th February 2019 Diversified miner BHP has announced a number of management changed, reflecting its simplified portfolio. Geraldine Slattery will replace Steve Pastor as president of the petroleum operations, while Vandita Pant will take over from Arnoud Balhuizen as chief commercial officer. 

Freight rates drop as more ships become available – Assore 

By: Martin Creamer     27th February 2019 Freight rates have dropped quite substantially since the iron-ore tailings dam tragedy in Brazil ,with more vessels becoming available, Assore CEO Charles Walters reports. Since the Brumadinho dam disaster, some 30-million tonnes of iron-ore supply have been withdrawn from the market. 

Freight rates drop as more ships become available – Assore
Photo by Creamer Media
Assore CEO Charles Walters

Rio Tinto earnings rise, shareholders in for bumper dividends

By: Esmarie Iannucci     27th February 2019 Diversified mining giant Rio Tinto on Wednesday announced strong financial results for 2018, and rewarded its shareholders with large dividends, including a $4-billion special dividend. The miner’s underlying earnings advanced 2% to $8.81-billion, as higher iron-ore and copper volumes, as well... 

Rio Tinto earnings rise, shareholders in for bumper dividends

Rio unveils climate change report

By: Esmarie Iannucci     27th February 2019 Mining major Rio Tinto is hoping to leverage is fossil-fuel-free portfolio to assist in reducing its carbon footprint, and to help battle climate change. “Given our decision to strengthen our business and exit coal, we are now the only major mining company with a fossil-fuel-free portfolio,... 

Assore earnings up, dividend maintained 

By: Martin Creamer     26th February 2019 Mining and marketing company Assore on Tuesday reported 20% higher headline earnings to R2.92-billion in the six months to December 31, buoyed by an improved price basket and weaker exchange rate. Assore's jointly controlled Assmang recorded headline earnings of R4.29-billion, an increase of 23%... 

Assore earnings up, dividend maintained
Assore image on latest presentation booklet.

Acid truck collison near Glencore mine in the DRC kills 20 people

By: Creamer Media Reporter      22nd February 2019 About 20 people were killed when a truck transporting acid to Mutanda Mining owned by Glencore in the Democratic Republic of Congo collided with two people carriers about 50km from the site. The acid truck was heading to the copper and cobalt operation near Kolwezi in the southeast of the country. 

Cost benefits to boost mines' adoption of renewable hybrids

By: Nadine James     22nd February 2019 As various projects have demonstrated the value of renewables for reducing diesel, heavy fuel oil (HFO) and gas consumption, mining companies could now benefit from a significant cost reduction potential, said renewables research organisation ThEnergy MD Dr Thomas Hillig. “In the last few years,... 

Cost benefits to boost mines' adoption of renewable hybrids
Photo by THEnergy
UPWARD TRAJECTORY Mining companies are expected to leverage increased competition between independent power producers for more cost-effective hybrid solutions

Is Anglo finally getting ready to join mining's buyback club?

By: Bloomberg     21st February 2019 Anglo American remains the only giant miner not buying back shares, but that doesn’t mean it’s not thinking about it. The world’s biggest producers, shunning growth and reluctant to launch a major new deal spree, have been handing record amounts of money back to shareholders in the recent years.... 

Productivity improvements, higher prices lift Anglo American’s FY18 Ebitda to $9.2bn 

By: Marleny Arnoldi     21st February 2019 Continued productivity improvements in underlying operations and better-than-expected prices have contributed to global diversified miner Anglo American’s 4% year-on-year increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to $9.2-billion for 2018. CE Mark... 

Productivity improvements, higher prices lift Anglo American’s FY18 Ebitda to $9.2bn
Anglo American CE Mark Cutifani

Rio Tinto launches tailings dam review

By: Esmarie Iannucci     21st February 2019 Diversified miner Rio Tinto has launched a review of the global standards of its tailings dams following the failure of a Vale tailings dam in Brazil, which killed about 300 people. “I would like to acknowledge the recent tragedy at Minas Gerais in Brazil, and our thoughts are with all those... 

Glencore will 'vigorously contest' $680m tax demand

By: Reuters     20th February 2019 Glencore on Wednesday said it would "vigorously contest" a $680-million tax demand from the British authorities linked to transfer pricing. The Swiss-based mining and trading company has offices in London and is London-listed. 

Glencore auditing 140 slimes dams 

By: Martin Creamer     20th February 2019 Diversified mining and marketing company Glencore is auditing 140 slimes dams, 65 of them active and 75 of them closed. The company has been undertaking detailed assessments and audits of all material tailings storage facilities (TSFs) over the past three years, after accumulating a TSF... 

Glencore auditing 140 slimes dams
Photo by Glencore
Fifty-one percent of Glencore's tailings storage faciities are upstream dams.
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