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Sibanye secures interdict against illegal strike at Kroondal ops

By: Henry Lazenby     27th May 2016 NYSE- and JSE-listed precious metals miner Sibanye Gold has been granted an interdict against a strike called at its Kroondal platinum operations, in South Africa, by the Association of Mineworkers and Construction Union (AMCU). The South African Labour Court on Friday declared any strike action... 

Commodity price indices rally as oil picks up where metals left off

By: Henry Lazenby     27th May 2016 Commodity price indices have rallied in recent weeks as strong performance by oil softened the lull in metals price movements. Scotiabank's commodity price index had improved by 4.5% month-over-month in April as energy gains more than offset metals weakness. 

Commodity price indices rally as oil picks up where metals left off

Kroondal operations suspended amid AMCU strike

By: Anine Kilian     27th May 2016 Workers affiliated with the Association of Mineworkers and Construction Union (AMCU) have embarked on a strike at the Kroondal mine in Rustenburg, reportedly in protest over the appointment of a bus contractor. The Kroondal mine is owned by Sibanye Gold, which acquired the asset through its... 

Cleaver is new De Beers CEO

By: Martin Creamer     27th May 2016 Bruce Cleaver, 51, is the new CEO-designate of De Beers. He will take over from Philippe Mellier on July 1. After a half-decade at the helm, Mellier, who is ten years Cleaver’s senior, has honoured his commitment to step down as CEO after five years. 

Cleaver is new De Beers CEO
Photo by Creamer Media
New CEO-designate of De Beers Bruce Cleaver

New sanctions could cripple reclusive North Korea’s mining sector

By: Ilan Solomons     27th May 2016 New sanctions on North Korea imposed by the United Nations (UN) and the US in March for allegedly undertaking nuclear and ballistic missile tests earlier this year will affect the country’s mineral resources sector. North Korea – officially named the Democratic People’s Republic of Korea (DPRK)... 

New sanctions could cripple reclusive North Korea’s mining sector

Planetary Resources turns gaze back to earth with $21.1m investment

By: Henry Lazenby     27th May 2016 Prospective asteroid miner Planetary Resources has received a $21.1-million investment to deploy and operate Ceres, an advanced Earth observation business featuring the first commercial infrared and hyperspectral sensor platform that would be harnessed to better understand and manage humanity’s... 

Black Business Council throws weight behind draft Mining Charter

By: Ilan Solomons     27th May 2016 The Black Business Council (BBC) national council has reaffirmed its support for the draft amended Mining Charter as the council said it had eliminated the issue of ‘once empowered always empowered’ from the charter. BBC CEO Mohale Ralebitso said that the ‘once empowered always empowered’... 

Black Business Council throws weight behind draft Mining Charter
MOHALE RALEBITSO The ‘once empowered always empowered’ provision raised a number of challenges to ensuring black empowerment in the mining industry

Diversification to increase service value

     27th May 2016 While larger mining companies operate their process plants on a traditional owner/operator basis, many juniors still prefer to contract out the operation of their mines as it eliminates unforeseen costs and secures proven skills, technologies and associated systems that they would not have access... 

Diversification  to increase service value
Photo by Bloomberg
DIVERSIFICATION IS KEY Enhancing overall services to clients increases the need for contracting

Half of SA mining companies lossmaking, says Chamber of Mines

By: Ilan Solomons     27th May 2016 Chamber of Mines (CoM) CEO Roger Baxter has said the chamber’s members had experienced progressively weakening commodity prices, rapidly rising costs, falling productivity and some regulatory issues that challenged their ability to sustain operations and to maintain employment levels. “With an... 

Half of SA mining companies lossmaking,  says Chamber of Mines
WORKING HAND-IN-HAND? Mineral Resources Minister Mosebenzi Zwane and Chamber of Mines president Mike Teke

Lift truck company appoints Namibian dealer

By: Kimberley Smuts     27th May 2016 Materials handling equipment solutions provider Goscor Lift Truck Company (GLTC) has signed a three-year contract with Windhoek-based equipment and machinery supplier Barex Equipment, appointing the company as its new dealer in Namibia. Namibia is home to gem-quality rough diamonds, uranium... 

Lift truck company appoints Namibian dealer
NAMIBIAN OFFERING Barex Equipment will initially offer Doosan and Bendi forklifts, and will expand to include the Crown, Hubtex and Taylor Dunn product ranges

New sanctions could cripple reclusive North Korea’s mining sector

By: Ilan Solomons     27th May 2016 New sanctions on North Korea imposed by the United Nations (UN) and the US in March for allegedly undertaking nuclear and ballistic missile tests earlier this year will affect the country’s mineral resources sector. North Korea – officially named the Democratic People's Republic of Korea (DPRK)... 

New sanctions could cripple reclusive North Korea’s mining sector

Re-elected CoM president rejects ‘sunset industry’ tag for SA mining

By: Ilan Solomons     27th May 2016 South African mining is certainly not a sunset industry. The country’s 130-year-old gold mining sector for instance has huge potential for the future with the promising research and development into new mining methods, which itself can spawn a new set of industries, as it did 100 years ago. This... 

Re-elected CoM president rejects ‘sunset industry’ tag for SA mining
SUNSHINE SECTOR If the local mining sector follows the right approach, it will be taken in a direction that will be to the benefit of South African society more broadly

Responding to client demand

By: Kimberley Smuts     27th May 2016 Multidisciplinary professional services firm Hatch this year aims to enhance its service offering to its customers through the provision of Gateway Logistics. This system forms part of responding to the changing needs of clients and helping businesses adapt to unstable markets by launching a “new... 

Responding to client demand
SERVICE OFFERING ENHANCED Hatch Goba's Gateway Logistics includes international sourcing and procurement at the best quality and lowest cost

Weighing the effect of mining mechanisation

By: Kimberley Smuts     27th May 2016 Materials handling and hauling company Ncamiso Mining is looking to acquire more mechanised systems, as this should increase its productivity by between 60% and 70%. However, to create jobs, increase profitability and provide sustainable employment for the community surrounding mines, the company... 

Weighing the effect of mining mechanisation
REHABILITATION UNDER WAY A restorative project being undertaken by Ncamso involves removing contaminated waste so that land can be developed for hydroponic fish farming

Lithium Australia joins forces with TSX-listed Alix to develop concession in Mexico

By: Samantha Herbst     26th May 2016 Following a memorandum of understanding signed Thursday, ASX-listed junior developer Lithium Australia has joined forces with TSX-listed Alix Resources to develop the lithium-extraction technologies needed to advance Alix’s lithium concessions – the Electra project – in Sonora, Mexico, earning... 

Ministers stall on banks intervention over Gupta blacklisting

By: News24Wire      26th May 2016 The ministers tasked with intervening in the ongoing stand-off between South Africa’s big four banks and the Gupta-owned Oakbay Investments have missed their deadline. Minister in the Presidency Jeff Radebe told Parliament via a written reply to the Democratic Alliance on Wednesday that the... 

Ministers stall on banks intervention over Gupta blacklisting

New acid mine water process has huge agri potential in arid areas  

By: Martin Creamer     25th May 2016 The newly developed process that yields handsome profits by converting acid mine water into valuable fertiliser materials, also has the potential to process South Africa’s large volumes of currently unusable brackish groundwater. The use of the process that eradicates acid mine drainage (AMD) for... 

New acid mine water process has huge agri potential in arid areas
Photo by Duane Daws
Trailblazer Technolgies director John Bewsey

New highly profitable acid mine water solution unveiled 

By: Martin Creamer     24th May 2016 A process has been developed that yields handsome profits by converting acid mine water into valuable fertiliser materials. The process, which purifies the water free of charge, removes all of the total dissolved solids and converts them into saleable products. 

New highly profitable acid mine water solution unveiled
Photo by Duane Daws
Trailblazer director John Bewsey (right) and Martin Creamer

Pit collapse kills at least 13 in Myanmar jade-mining district

By: Reuters     24th May 2016 A collapse at an illegal mine killed at least 13 people in Myanmar's northern Kachin State, a resident involved in rescue efforts said on Tuesday, the latest in a series of deadly accidents to hit the jade-mining area. The wall of the pit in Weikha Village in Hpakant, the centre of the opaque... 

Richland targets output beyond 800 000 ct a quarter from Q3

By: Creamer Media Reporter      24th May 2016 Aim-listed Richland Resources expects to ramp up production at its Capricorn Sapphire project, in Australia, to beyond 800 000 ct a quarter from the third quarter of this year. Richland was implementing various modifications and improvements to ensure consistent production above the 800 000 ct a... 

Bacanora raises $11.2m for Sonora lithium project

By: Samantha Herbst     23rd May 2016 TSX-V- and Aim-listed project developer Bacanora Minerals has raised $11.2-million for its Mexico-based Sonora lithium project, which is considered one of the largest lithium resources worldwide. Bacanora raised the funds through a share placement of 9.75-million shares at 79p a share, with... 

Gemfields achieves another successful emerald auction

By: Creamer Media Reporter      23rd May 2016 The latest auction of emeralds recovered at Aim-listed Gemfields’ 75%-owned Kagem mine, in Zambia, has generated revenues of $14.3-million, pushing the mine’s overall revenues for the financial year to date above $100-million. Of the 3.67-million carats of lower-quality emeralds put on offer, 76%... 

Gemfields achieves another successful emerald auction

Alternative fundraising model seen flourishing but regulatory issues could stifle uptake in South Africa

By: Mia Breytenbach     20th May 2016 The mining industry is facing increasing risk averseness from equity and debt investors, owing to testing circumstances in the depressed global market, particularly with regard to falling commodity prices, slower economic growth in China and reduced mining production. Owing to traditional funding... 

Alternative fundraising model seen flourishing  but regulatory issues could stifle uptake in South Africa

China’s proposed rare earths policy seen exerting downward pressure on prices in short term

By: Ilan Solomons     20th May 2016 China’s Ministry of Industry and Information Technology (MIIT) intends to set new standards for domestic rare earth elements (REE) producers. Currently this is still in the proposal stage and public opinion will be considered. However, the idea is to specify minimum production use levels,... 

China’s proposed rare earths policy seen exerting downward pressure on prices in short term
Photo by Reuters
TRADER CONSIDERATIONS If stockpiling starts and prices rise further, then rare earth element importers may be forced to restock at higher levels

Contract mining offers edge in depressed market  

By: Sascha Solomons     20th May 2016 Historically, mining was a highly protected industry and had a low propensity for outsourcing, but more operations are being outsourced across Africa, says global consultant and adviser Deloitte. This is owing to mines not having access to robust mining systems and processes, expertise and the... 

Contract mining offers  edge in depressed market
MAHENDRA DEDASANIYA There is a direct correlation between the market size of contract mining and the commodities cycle/prices and investment patterns in capital projects

Contractor finds value in gold mine dumps

By: Sascha Solomons     20th May 2016 Although tailings retreatment is not new to South Africa, the country’s mine dumps, especially those of the gold mining sector, still hold immeasurable value that could increase the profitability of mining projects for clients and contractors, says materials handling and hauling expert Ncamiso... 

Contractor finds value in gold mine dumps
Photo by Duane Daws
FIKILE MASHININI Ncamiso Mining's outsourcing services facilitate job creation and the eradication of illegal miners in some of the communities in which it operates

Mitsui looking to close deal to acquire stakes in Vale’s Moz operations by next March

By: Keith Campbell     20th May 2016 Japanese general trading company Mitsui & Co, part of the Mitsui group, has stated that it plans to close its deal with Brazilian mining and logistics group Vale to acquire stakes in the latter’s Mozambican operations by March next year. In December 2014, Mitsui & Co agreed to buy 15% of Vale... 

Mustang receives $3m support from investors to advance Moz ruby project

By: Ilan Solomons     20th May 2016 ASX-listed junior miner Mustang Resources has received formal commitments to raise about $3-million in a placement to professional and sophisticated investors through the issue of about 75.5-million new shares. Mustang MD Christiaan Jordaan says the funds raised pursuant to the placement will... 

Mustang receives $3m support from investors to advance Moz ruby project
CASH BOOST The funds raised will principally be used for general working capital and for other outstanding payables to further develop the Montepuez ruby project

South African EPCM business acquired by Swiss company

     20th May 2016 Worldwide supplier of advanced technologies, products and services for the metals and mining industries Tenova has concluded the sale of its South African electronically commutated permanent magnet (ECPM) business operation Bateman Projects. The company announced the successful demerger in April,... 

South African software to improve plant operations

By: Robyn Wilkinson     20th May 2016 South African process and operations management solutions provider BluESP is introducing Model Predictive Control, a form of advanced process control technology, with applications to improve plant efficiency in several industries, including smelting and minerals processing. 

South African software to improve plant operations
PLANT OPTIMISATION BluESP’s Model Predictive Control technology the software is ideally suited to the smelting and minerals processing industries

Ukwazi

     20th May 2016 Independent mining adviser Ukwazi strongly believes in following transparent and compliant mine planning processes by applying specialist teams that are focused on specific mining methods and commodities. “We follow outcome-driven project management principles and supply specialist technical... 

Ukwazi

Ivanhoe slams NGO misinformation on flagship Platreef PGM project

By: Henry Lazenby     19th May 2016 Africa-focused project developer Ivanhoe Mines on Thursday condemned “in the strongest terms possible” a statement issued late Wednesday by nongovernmental organisation (NGO) Mining Watch Canada, alleging that its subsidiary Ivanplats was engaged in human rights abuses and illegal operations as... 

Afrimat FY HEPS up 15.5% y/y

By: David Oliveira     19th May 2016 JSE-listed Afrimat lifted its headline earnings a share for the year ended February 29 to 156.6c, up 15.5% from the 135.6c achieved in the prior financial year. “We are very pleased with this solid improvement, which is [owing] to a strong performance from the mineral-producing operations across... 

SA mining’s crash, turnaround possibilities unpacked

     19th May 2016 Mining Weekly editor Martin Creamer joins senior deputy editor Tracy Hancock in studio to discuss concern over the South African mining industry’s plummeting output and job losses, and the country’s potential to make mining fly again. 

SA mining’s crash, turnaround possibilities unpacked

Chile economy grows 1.3% in Q1, slightly above forecast

By: Reuters     18th May 2016 Chile's gross domestic product grew by 1.3% in the first quarter from the last quarter of 2015, the central bank said on Wednesday, boosted by rising exports. 

CoM reveals half of mining companies are lossmaking; re-elects Teke as president

By: Ilan Solomons     18th May 2016 Chamber of Mines (CoM) CEO Roger Baxter on Wednesday said the chamber’s members had experienced progressively weakening commodity prices, rapidly rising costs, falling productivity and some regulatory issues that challenged their ability to sustain operations and to maintain employment levels.... 

CoM reveals half of mining companies are lossmaking; re-elects Teke as president
Mineral Resources Minister Mosebenzi Zwane and Chamber of Mines president Mike Teke

Australia miners ‘missing in action’ in Colombia

By: Samantha Herbst     18th May 2016 Australia’s resource houses are “missing in action” in Colombia, Latin America’s third-largest economic powerhouse, and need to move quickly to increase their engagement with the mineral-rich State, said Colombian Mining Association president Santiago Angel Urdinola. Addressing the Paydirt 2016... 

Nair confirmed as TFR chief as Transnet unveils new team

By: Creamer Media Reporter      18th May 2016 Freight logistics group Transnet on Wednesday unveiled its new leadership team and structure, which the State-owned company said was in line with revisions to its operating model and its aspiration to capture new market opportunities. Group CEO Siyabonga Gama, who was recently confirmed as the... 

Nair confirmed as TFR chief as Transnet unveils new team
Photo by Duane Daws
Transnet CEO Siyabonga Gama
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