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European mining seemingly regaining lost lustre as at least one mine opens each year since 2008

By: Ilan Solomons Europe is remarkable in that its mining industry predates the Roman Empire, yet large portions of unexplored territories with highly prospective resources remain, says European metals and minerals mining representative body Euromines president Mark Rachovides. Mattia Pellegrini, head of the raw... 

European mining seemingly regaining lost lustre as at least one mine opens each year since 2008

By: Ilan Solomons Europe is truly remarkable in that its mining industry predates the Roman Empire, yet large portions of unexplored territories with highly prospective resources remain, says European metals and minerals mining representative body Euromines president Mark Rachovides. European Commission... 

European mining seemingly regaining lost lustre  as at least one mine opens each year since 2008

Firm imports lighting towers for mining sector as power shortages persist

By: Zandile Mavuso Crushing and screening specialist Pilot Crushtec International has imported Italy-based lighting towers producer Generac TowerLights’ tower lights to mitigate power challenges experienced in the mining industry. 

Ghana gold mining contract awarded

Australian diversified mining services company Ausdrill’s wholly-owned subsidiary African Mining Services (AMS) has been awarded a contract to provide openpit mining services to gold explorer Perseus Mining’s Edikan gold mine’s (EGM’s) Eastern Pits operation, in Ghana, Ausdrill announced late... 

Ghana gold mining contract awarded
Photo by Bloomberg
MOVING THE MINERAL The chosen method of mining at the Edikan gold mine is conventional openpit mining using hydraulic excavators and trucks

Junior highlights sector’s prospects of rejuvenating SA mining

By: Ilan Solomons Black economic empowerment junior mining and exploration company Lerama Resources believes that the small junior mining sector, if sufficiently financially supported, could turn around the fortunes of the ailing South African mining industry. Lerama is currently involved in two exploration... 

Junior highlights sector’s prospects of rejuvenating SA mining
BUSHVELD COMPLEX EXPLORATION WORK Lerama Resources is currently involved in two exploration projects in the Bushveld Complex, in Limpopo, which have the potential to become small polymetallic base-precious metal producers

South32 shares rise on JSE debut

By: Creamer Media Reporter Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about South32's listing on the Johannesburg Stock Exchange. 

South32 shares rise on JSE debut

Afrimat's newer industrial minerals, traditional aggregates continue to perform

By: Megan van Wyngaardt JSE-listed Afrimat has reported a 5.1% increase in revenue to R1.99-billion for the year ended February, while its profit after tax soared by 22.9% to R200-million. On Thursday the openpit mining and materials company advised that, as in the prior year, the group benefited from the strong... 

Afrimat's newer industrial minerals, traditional aggregates continue to perform

Mongolia leans on China as it waits for copper mine-led revival

By: Reuters Cash-strapped Mongolia's deal to expand the $6.5-billion Oyu Tolgoi mine is a big step towards stabilising its economy, but as it waits for the investment boost to feed through it is leaning on once-feared China to help shore up its finances. The landmark agreement with Rio Tinto to resume... 

Australian miners in Latin America advised to find in-country help early on

By: Esmarie Swanepoel Australian resources companies have been advised to conduct ‘basic groundwork’ when moving into the Latin American sector. Speaking at the second day of the Paydirt Latin America Downunder conference, in Sydney, Brisbane-based mining consultancy MEC Mining said that there were lessons that can... 

Mining remains a major economic contributor despite slowdown – MCA

By: Esmarie Swanepoel The slowdown in the commodity sector was not expected to diminish the Australian resources industry’s overall contribution to the economy, the Minerals Council of Australia has reported. CEO Brendan Pearson told the Austmine conference this week that despite the fact that commodity prices were... 

More than two-thirds of megaprojects face cost overruns – EY report

By: Esmarie Swanepoel New research by Ernst & Young (EY) has found that despite the significant cost cutting in the resources sector globally, multi-billion dollar projects were still plagued by cost overruns. In its ‘Opportunities to Enhance Capital Productivity’ report, EY found that an average budget overrun of... 

New mineral development strategy seeks to maintain Ontario’s pole position 

By: Simon Rees Ontario’s Ministry of Northern Development and Mines (MNDM) executive adviser Rob Merwin recently stressed the importance of attracting back investment, especially in exploration, to the province, which currently had other jurisdictions champing at its heels for the title of Canada's best mining... 

New mineral development strategy seeks to maintain Ontario’s pole position

BHP Billiton resolves ‘bribery’ allegations

By: Megan van Wyngaardt The investigations into BHP Billiton’s previously terminated minerals exploration and development efforts, as well as hospitality provided by the mining giant at the 2008 Beijing Olympic Games, has been concluded by the US Securities and Exchange Commission (SEC) and the US Department of Justice.... 

Chamber reveals plan to get South Africa’s ‘great mining industry’ back on front foot

By: Martin Creamer The Chamber of Mines of South Africa on Wednesday revealed a strategic plan to get South Africa’s “great mining industry” back on the front foot. Speaking at the well-attended 125th annual general meeting (AGM) of the historic organisation, chamber president Mike Teke – who was re-elected for a... 

Chamber reveals plan to get South Africa’s ‘great mining industry’ back on front foot
Photo by Duane Daws
Chamber president Mike Teke (right) having a word with his vice-president Graham Briggs.

EU lawmakers seek ban on 'blood metals' in surprise vote

By: Reuters The European Parliament voted on Wednesday to ban all products that contain "blood metals" sold by African warlords, but the legislation is likely to be blocked by EU governments who fear it would impose an unrealistic burden on business. The surprise result marked a defeat for the pro-business... 

Benefits of turnaround initiatives starting to emerge – Infrasors

By: Megan van Wyngaardt JSE-listed Infrasors on Wednesday said its turnaround initiatives were bearing fruit, with headline earnings for the year ended February 28 up 70% to R16.38-million, compared with R9.63-million in the prior financial year. Revenue rose 3% year-on-year to R337.3-million. 

Benefits of turnaround initiatives starting to emerge – Infrasors

Exxaro expects lower in H1 earnings

By: Megan van Wyngaardt The share price of diversified miner Exxaro Resources fell by nearly 5.5% late on Tuesday after the company announced that its headline earnings for the six months to June 30 would be at least 20%, or R563-million, lower than the headline earnings of R2.8-billion recorded in the first half of the... 

Exxaro expects lower in H1 earnings

South32 in superb second-day share surge

By: Martin Creamer The share price of the new South32 mining company soared superlatively on day two. The demerged entity shot up 14% on the Australian Stock Exchange (ASX), rose 6.23% on top of Monday’s 3% rise in early morning trade on the Johannesburg Stock Exchange (JSE), and even closed higher at £1.08 a share... 

South32 in superb second-day share surge
Photo by Duane Daws
Mike Fraser at South32 listing in Johannesburg.

Govt to keep controlling stake in Eskom – Nene 

By: Reuters South Africa's government will retain a controlling stake in struggling state utility Eskom, Finance Minister Nhlanhla Nene said on Monday, adding that power shortages were the biggest risk facing Africa's most developed economy. Nene said the key to resolving the crisis at Eskom was intervening... 

Govt to keep controlling stake in Eskom – Nene
Photo by Duane Daws
Finance Minister Nhlanhla Nene

BHP Billiton spin-off South32 makes debut

By: Esmarie Swanepoel BHP Billiton spin-off South32 made its debut on the ASX on Monday at A$2.13 a share, giving the Australia- and South Africa-focused company an A$11.96-billion market capitalisation. The demerged entity will on Monday also start trading on the JSE and the LSE, where it has secondary listings. 

Mining Charter goals not met as planned

By: Megan van Wyngaardt There are still many shortcomings in the local mining industry, with many targets set out in the Mining Charter not being met. The Mining Industry Growth Development and Employment Task Team, led by Mineral Resources Minister Ngoako Ramatlhodi, found that, overall, 45% of mining right holders had... 

Renewable energy punted as a viable option as load-shedding bites

By: Zandile Mavuso With the South African mining industry contributing about 18% to the country’s gross domestic product, available and reliable electricity supply remains crucial in ensuring uninterrupted mining production. 

Renewable energy punted as a viable option as load-shedding bites

Mining industry still has much to do – Ramatlhodi 

By: Megan van Wyngaardt In light of all the downscaling activity in the local mining industry, Mineral Resources Minister Ngoako Ramatlhodi on Thursday said he was “alarmed at the rate at which retrenchments have been taking place”. Most recently, platinum miner Lonmin announced that it was looking to scale down by... 

Mining industry still has much to do – Ramatlhodi
Photo by Duane Daws
Minister Ngoako Ramathlodi

Brown cool on Eskom privatisation, says energy ‘end state’ must be determined first 

By: Terence Creamer Public Enterprises Minister Lynne Brown has responded coolly to suggestions that Eskom could be privatised in the near future, saying on Thursday that, until an “end state” had been determined for the energy sector as a whole, it would be difficult to determine an end state for the troubled power... 

Brown cool on Eskom privatisation, says energy ‘end state’ must be determined first
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

March mining output up 18.8% y/y

By: Creamer Media Reporter Mining production increased by 18.8% year-on-year in March, with the highest positive growth rates recorded for platinum-group metals (PGMs), at 132.2%, manganese ore, at 17.3% and nickel at 15%. The main contributors to the 18.8% increase were PGMs, contributing 13.1 percentage points; coal,... 

Growing supply to keep pressure on iron-ore prices - BHP Billiton

By: Reuters BHP Billiton expects growth in iron ore supply to outpace demand and keep prices under pressure, a senior official said on Thursday, but added that boosting earnings will not hinge on restraining production. "We've long been advocates for free and fair markets ... our view is that's what we need... 

StratMin achieves 94% carbon in graphite production

By: Megan van Wyngaardt Madagascar-focused StratMin Global Resources achieved an overall average carbon grade of 94.3% in production carried out over an eight-day period, it said on Thursday. The graphite mining and production company said its Lohorano plant was taken through a series of performance improvements since... 

Sheffield publishes PFS for Thunderbird mineral sands project

By: Esmarie Swanepoel ASX-listed Sheffield Resources on Thursday revealed that its Thunderbird mineral sands project, in Western Australia, would require an investment of some A$367-million to develop. A prefeasibility study (PFS) estimated that the Thunderbird project would produce an average of 114 000 t/y of... 

ThyssenKrupp signs offtake deal for Madagascar rare-earth oxide

By: Megan van Wyngaardt German holding company Tantalus Rare Earths has signed a multiyear contract to supply ThyssenKrupp Metallurgical Products with rare-earth oxide (REO). Under the agreement, ThyssenKrupp would buy 30% of the yearly output of mixed REO produced at Tantalus’s flagship TRE project, in Madagascar. 

BHP Billiton CEO says to keep marketing hub in Singapore

By: Reuters BHP Billiton will keep its main trading office in Singapore for market reasons and not for tax purposes, Chief Executive Andrew Mackenzie said on Tuesday. Australia is pursuing the mining firm and rival Rio Tinto for shifting billions of dollars in iron ore profits through marketing hubs in... 

Glencore fights two Australia tax bills, faces audit

By: Reuters Glencore Plc is contesting two Australian tax bills on which it has already paid A$42-million ($33-million) and is being audited by the Australian tax office, the miner and commodities trading giant told a Senate panel. In response to a separate question at the panel, Switzerland-based Glencore... 

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