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Diversified Miners News

Moreton eyes debt restructure as talks continue

By: Esmarie Iannucci     21st January 2019 Diversified junior Moreton Resources has instigated talks with funders with the aim of restructuring is debt while maintaining talks with possible buyers. Moreton in August last year launched a strategic review of its assets and subsidiaries in order to determine its core and noncore assets.... 

Rio Tinto’s copper output, iron-ore shipments rise

By: Esmarie Iannucci     18th January 2019 Diversified major Rio Tinto has reported higher iron-ore and copper production for the quarter ended December, with other commodities remaining stable. “We delivered a solid operational performance in the final quarter of 2018, in particular across our copper assets,” said Rio CEO Jean-Sebastian... 

Rio Tinto’s copper output, iron-ore shipments rise
Photo by Bloomberg
Rio Tinto CEO Jean-Sebastian Jacques

Gamsberg set to trigger new wave of industrialisation in Northern Cape

By: Simone Liedtke     18th January 2019 With diversified miner Vedanta Zinc International’s (VZI’s) flagship Gamsberg project coming on stream, the Northern Cape province has the potential to become a base metals mining, processing and beneficiation hub. VZI CEO Deshnee Naidoo says Gamsberg has the potential to have a huge impact on... 

Gamsberg set to trigger new wave of industrialisation in Northern Cape

South32 delivers solid Q2 results; announces leadership shuffle 

By: Esmarie Iannucci     17th January 2019 Diversified miner South32 has reported a solid production performance in the December quarter, with the miner maintaining its production guidance for the full year to June 2019. “We achieved a strong quarter of production, maintaining full-year guidance for all operations with the exception of... 

South32 delivers solid Q2 results; announces leadership shuffle
Photo by Bloomberg
South32 CEO Graham Kerr

First Quantum achieves record copper sales, production in 2018

By: Nadine James     16th January 2019 TSX-listed copper miner First Quantum has announced record production and sales for 2018, with copper output rising by 6% and sales by 3%. Total copper production amounted to 605 853 t, compared with 573 963 t in 2017. The company sold 596 513 t in 2018, compared with 580 130 t the year prior.   

Lundin’s strong Q4 boosts full-year production results

By: Nadine James     16th January 2019 TSX-listed Lundin Mining has achieved, or exceeded, its yearly guidance at all of its operations, the diversified miner announced on Tuesday, releasing production results for the three and twelve months ended December 31, 2018. The company produced 48 206 t of copper in the fourth quarter, taking... 

Lundin’s strong Q4 boosts full-year production results

Vale gets approval to buy 3 wind farms in northeast

By: Reuters     16th January 2019 Iron-ore miner Vale SA has won approval from Brazil's antitrust regulator to buy three wind farms in the northeast of the country from investment fund Salus, according to an announcement in the official gazette on Tuesday. In announcing its decision, the Administrative Council for Economic... 

Anglo American begins quest to unearth next CEO 

By: Reuters     15th January 2019 Anglo American has promoted a section head it considers to have CEO potential, focusing its attention on internal talent as it begins searching for a successor to the man who steered the mining company through the 2015/16 commodities price slump. CEO Mark Cutifani has won plaudits for his... 

Anglo American begins quest to unearth next CEO
Photo by Creamer Media
Mark Cutifani

ITE Group, LSE celebrate upcoming Mining Indaba

By: Marleny Arnoldi     11th January 2019 ITE Group CEO Mark Shashoua on Friday ceremonially opened trading on the LSE, while celebrating the upcoming twenty-fifth edition of the Investing in African Mining Indaba conference, which ITE Group owns. The LSE opening event was attended by partners from the World Gold Council, Memery... 

ITE Group, LSE celebrate upcoming Mining Indaba

Too early to bet on mining policy change: Congo vote reaction

By: Bloomberg     10th January 2019 In a surprise twist, Democratic Republic of Congo opposition leader Felix Tshisekedi was declared the winner of last month’s Presidential election, although his victory is being marred by claims by a rival that the poll was rigged. The African country is the world’s main supplier of battery... 

Anglo American betting on South America to grow base metal assets

By: Reuters     10th January 2019 Miner Anglo American is betting on South America as its main growth area for base metals in the coming years, a top executive told Reuters. Ruben Fernandes, who heads Anglo's operations in Brazil and is slated to become its global head of base metals next March, said he wants to prepare the... 

Chile's copper mines post mixed results through Nov 2018 – Cochilco

By: Reuters     10th January 2019 Chile's largest copper mines posted mixed results through November of 2018, with a slight drop in output at state miner Codelco offset by a surge in production from BHP's Escondida, the world's largest copper mine. In all, copper production in the world's top producer of the red metal reached... 

Chile's Collahuasi plans resource sharing with Canada's Teck Resources

By: Reuters     10th January 2019 Chile's Collahuasi copper mine is talking to Canada's Teck Resources Ltd about resource-sharing as the two companies embark on ambitious expansion projects, its Chief Executive Jorge Gomez said on Wednesday. Collahuasi - owned by Glencore and Anglo American - is seeking "synergies" with companies... 

Goldman warns iron-ore's jump into $70s 'is not sustainable'

By: Bloomberg     9th January 2019 Iron-ore’s rally over the past month, with benchmark material pushing back into the $70s, is at risk as banks including Goldman Sachs Group and Morgan Stanley warn that prices are poised to drop back. While industry fundamentals have improved, current prices won’t last as more supply is on the... 

Chile copper mines to triple use of sea water in ten years – report

By: Reuters     9th January 2019 Chile's copper industry will triple its use of sea water for industrial processes in the next decade, State copper agency Cochilco said on Tuesday, as global miners in the world's top producer of the red metal seek alternatives amid growing water shortages. Cochilco said in a report that it... 

Chile copper mines to triple use of sea water in ten years – report

Chile copper output to jump by 30% in 10 years – report

By: Reuters     8th January 2019 Chile's copper production could jump by nearly 30% over the next ten years, Chile’s state copper agency Cochilco said on Monday. Cochilco said in a report that output from Chile, the world's top producer of the red metal, could reach a record of 7.25-million tonnes as early as 2025. 

Anglo American makes executive changes in base metals unit and Brazil

By: African News Agency      3rd January 2019 Global mining group Anglo American on Thursday announced a number of senior management changes following the decision to divide the management of its global base metals business from its strategy and business development activities.  The group said that Ruben Fernandes, currently chief executive... 

Anglo American makes executive changes in base metals unit and Brazil

Rio one step closer to Oyu Tolgoi power deal

By: Esmarie Iannucci     2nd January 2019 A power source framework agreement (PSFA) has been signed with the government of Mongolia over the Oyu Tolgoi copper/gold mine, outlining a path to secure reliable, long-term power for the operation. “We will now work together with all of Oyu Tolgoi’s partners to finalise the details and develop... 

Rio one step closer to Oyu Tolgoi power deal

Canadian regulator to fine Glencore-controlled miner over Congo - WSJ

By: Reuters     17th December 2018 A Glencore-controlled mining company and some of its current and former executives have agreed to pay more than $22-million to settle Canadian allegations they hid the risks of doing business with an Israeli close to Congolese President Joseph Kabila, the Wall Street Journal reported. The... 

Canadian regulator to fine Glencore-controlled miner over Congo - WSJ
Katanga Mining's operations in the Democratic Republic of Congo.

Chinese battery firm halts purchases of cobalt from Glencore – sources

By: Reuters     14th December 2018 Chinese battery firm GEM has stopped buying cobalt from Glencore as the price of the battery material crashed below that agreed in a three-year deal between the two companies, sources close to the matter said. GEM said in a March 14 regulatory filing that it would buy 52 800 tonnes of cobalt from... 

Prieska project edging closer to construction

By: Nadine James     14th December 2018 Dual-listed base metals miner Orion Minerals will release an updated Joint Ore Reserves Committee- (Jorc-) compliant resource statement for its Prieska zinc/copper project later this month. The Northern Cape project has a Jorc-defined maiden resource of 1.1-million tonnes of contained zinc... 

Prieska project edging closer to construction
Photo by Creamer Media
BUILDING ON FORMER GLORY Prieska produced 47-million tonnes of sulphide over 20 years and Orion can use the same processes as Prieska, but optimised through modern equipment and newer methodologies achieve greater heights

Policy certainty lifts sentiment, safety slips and a challenging 2019 forecast

By: Nadine James     14th December 2018 Improved sentiment on the back of a newly appointed Minerals Resources Minister, the publication of and the subsequent consensus on Mining Charter 3 after extensive consultations, and mixed global commodities demand influenced by macroeconomic developments – primarily US-China trade tensions –... 

Policy certainty lifts sentiment, safety slips and a challenging 2019 forecast

Vale bolsters case for takeover of BHP JV with acquisition

By: Bloomberg     13th December 2018 Vale’s latest acquisition bolsters the argument it has raised for taking complete control of the shuttered Brazilian iron-ore mine that it owns with BHP Group. Vale announced on Tuesday the purchase of technology firm New Steel for $500-million as it aims to boost output of high-grade iron-ore... 

Enable meaningful participation, pleads Women in Mining chair  

By: Martin Creamer     12th December 2018 The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi. Soweto-born Nakedi, who owns Gubhani Exploration – a surface exploration drilling company that is currently the only... 

Enable meaningful participation, pleads Women in Mining chair
Women in Mining chairperson and Gubhani Exploration MD Lindiwe Nakedi talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Creamer Media Chief Photographer Dylan Slater.

Anglo anticipates continual production growth to 2022 

By: Marleny Arnoldi     11th December 2018 Diversified miner Anglo American is targeting incremental yearly earnings before interest, taxes, depreciation and amortisation (Ebitda) of between $3-billion and $4-billion by 2022. CE Mark Cutifani on Tuesday said the group had completely transformed the quality of its asset portfolio and its... 

Anglo anticipates continual production growth to 2022
Anglo American CEO Mark Cutifani

New Mining Indaba competition draws attention to young talent in mining

By: Marleny Arnoldi     11th December 2018 Mining Indaba, which will be held at the Cape Town International Convention Centre from February 4 to 7, will introduce a new feature for 2019 – the Leaders of Tomorrow competition. The competition is part of the event’s young leaders programme, which is being produced in partnership with... 

Zambian mines warn tax changes could lead to 21 000 job losses

By: Bloomberg     11th December 2018 Zambia’s planned mining royalty increases could lead to more than 21 000 job losses and operators cutting $500-million in capital spending over the next three years, an industry lobby group said. Members of the Chamber of Mines, which represents companies including Glencore, First Quantum... 

Bushveld apologises for Aim rules breaches, pays £490 000 fine 

By: Marleny Arnoldi     7th December 2018 The London Stock Exchange has determined a public censure of Aim-listed Bushveld Minerals and fined the company £700 000 relating to Aim rule breaches that occurred in April 2016. Bushveld settled the fine early and it was, therefore, discounted to £490 000.  

Mantashe discusses mining’s lower GDP contribution with industry stakeholders 

By: Marleny Arnoldi     7th December 2018 Mineral Resources Minister Gwede Mantashe says the department and industry stakeholders are paying greater attention to detail, given that the contribution of the mining sector to gross domestic product (GDP) does not reflect its potential. According to GDP data released by Statistics South... 

ERG’s Metalkol Roan Tailings Reclamation project Phase I nearing completion

By: Jessica Oosthuizen     7th December 2018 Phase I of diversified miner Eurasian Resources Group’s (ERG’s) Metalkol Roan Tailings Reclamation (RTR) copper and cobalt project in the Democratic Republic of the Congo (DRC) is nearing completion and is expected to reach initial production rates early next year, says ERG CEO Benedikt Sobotka.... 

ERG’s Metalkol Roan Tailings Reclamation project Phase I nearing completion
METALKOL PROJECT The Metalkol Roan Tailings Reclamation project comprises the reprocessing of old cobalt and copper tailings from previous mining operations around Kolwezi, in the Democratic Republic of Congo

Process that will ‘drastically’ cut the power needed to reprocess mining waste edging closer to commercialisation

By: Tracy Hancock     7th December 2018 Energy efficiency in the mining and minerals processing sector continues to be a hot topic, especially in South Africa, where increases in the cost of energy sources – namely electricity, diesel and coal – along with that of labour, exceed inflation.   

Process that will ‘drastically’ cut the power needed to  reprocess mining waste edging closer to commercialisation

Gamsberg to trigger new wave of industrial development in Northern Cape 

By: Simone Liedtke     6th December 2018 In the lead-up to achieving its production target of 600 000 t/y, diversified miner Vedanta's Northern Cape-based Gamsberg zinc mine is ready to launch Phase 1. After having been in development for three years by Vedanta's Zinc International division, the $400-million Gamsberg development forms... 

 Gamsberg to trigger new wave of industrial development in Northern Cape

Teck announces senior appointments

By: Creamer Media Reporter      6th December 2018 Canadian major Teck Resources has announced the appointment of seven people to vice president positions. Greg Brouwer is VP of technology and innovation, Amparo Cornejo is VP for Chile sustainability and corporate affairs, Chris Dechert is VP for South America, Sepanta Dorri is VP for corporate... 

Seven Anglo employees make top 100 women in mining list

By: Marleny Arnoldi     6th December 2018 Seven female Anglo American employees made it onto the Women in Mining’s annual 100 Global Inspirational Women in Mining list. The judging panel found that Anglo subsidiary De Beers Consolidated Mines Deputy CEO Mpumi Zikalala and Anglo subsidiary Kumba Iron Ore Kolomela mine overseer Dineo... 

Seven Anglo employees make top 100 women in mining list
De Beers Consolidated Mines Deputy CEO Mpumi Zikalala

Investment Battlefield competition seeks next big investment opportunity

By: Simone Liedtke     5th December 2018 Investing in African Mining Indaba is set to host its third Investment Battlefield competition during its twenty-fifth edition of the event from February 4 to 6, 2019. Event organisers are looking for sub-Saharan Africa’s most promising mining companies with a market capitalisation of $50-million... 

Innovate and generate cash at same time – Dassault Systèmes Geovia  

By: Martin Creamer     5th December 2018 The objectives of innovating and generating cash are not mutually incompatible and can be achieved at multiple levels simultaneously, says Dassault Systèmes Geovia Brand CEO Raoul Jacquand, who was in Johannesburg to showcase the French company’s suite of advanced three-dimensional (3D) software.... 

Innovate and generate cash at same time – Dassault Systèmes Geovia
Dassault Systèmes Geovia Brand CEO Raoul Jacquand spoke to Mining Weekly Online’s Martin Creamer on new mining technology. Video: Christo Greyling. Photogaphs: Creamer Media Chief Photographer Dylan Slater.

Glencore assists Eskom, a minerals-energy complex, Anglo's land commitment make headlines 

5th December 2018 This week, Mining Weekly editor Martin Creamer unpacks Glencore assisting Eskom, renewable energy and Anglo’s commitment to land solutions.   

Glencore assists Eskom, a minerals-energy complex, Anglo's land commitment make headlines
Glencore assists Eskom, a minerals-energy complex, Anglo's land commitment make headlines

FIFO workers faces higher stress levels - study

By: Esmarie Iannucci     5th December 2018 New research by Curtin University has shown that one-third, or 33% of Western Australia’s fly-in, fly-out (FIFO) workforce was affected by high levels of psychological distress compared to only 17% of non-FIFO workers.   

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