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Bear Creek appoints new investor relations director

By: Sashnee Moodley     Updated 5 hours ago TSX-V-listed Bear Creek Mining has appointed Barbara Henderson its investor relations director, while she would continue her corporate secretary duties. 

BHP announces group management committee changes

By: Creamer Media Reporter      Updated 5 hours ago BHP Billiton health, safety and environment (HSE) and marketing and technology president Dean Dalla Valle will take responsibility for the diversified miner’s potash portfolio from August 1. In addition to being chief commercial officer in charge of potash, he would retain responsibility for HSE,... 

South32 secures ICMM membership

By: Natasha Odendaal     Updated 6 hours ago BHP Billiton spin-off South32 has successfully joined the International Council on Mining and Metals (ICMM), a move that is expected to deliver long-term benefits for the new globally diversified metals and mining company and its stakeholders. An independent expert review panel had recommended... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok

By: Martin Creamer The time had come for government and business to find ways and means of working together to end South Africa’s current economic stagflation crisis, United Nations Commission for Africa (UNCA) mineral value chain lead consultant, anti-apartheid struggle veteran and former African National Congress... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok
ANC MP Ben Turok

Minemakers appoints joint advisers

By: Tracy Hancock To ensure that interested parties in Australia, Asia, the US and the UK are fully aware of developments at Minemakers, the junior mining company has engaged Foster Stockbroking and EAS Advisors on a nonexclusive basis to act jointly as its marketing and corporate advisers. The joint appointment... 

Nersa says door still open to Eskom after rejecting further 2015 tariff hike

By: Terence Creamer The National Energy Regulator of South Africa (Nersa) on Monday rejected Eskom’s application for a further 2015/16 tariff hike in addition the 12.69% already granted for the year. Nersa chairperson Jacob Modise announced that, owing to a number of deficiencies in the application, the regulator... 

Nersa says door still open to Eskom after rejecting further 2015 tariff hike
Photo by Duane Daws
Nersa panel member Thembani Bukula and chairperson Jacob Modise

Revelo agrees to extend Chilean acquisition timeframe

By: Megan van Wyngaardt Canadian exploration company Revelo Resources has agreed to an extension to the letter of intent for the acquisition of four properties from diversified mining royalty company Altius Minerals's 49%-owned Chilean subsidiary BLC SpA. TSX-listed Revelo also received approval to privately place... 

Growth, productivity headwinds biggest threats to mining – EY

By: Natalie Greve Procyclical behaviour and short-term focused shareholders have pushed the “switch to growth” to the top of EY’s ranking of business risks facing mining and metals companies globally, the professional services firm revealed in a report released on Monday. The ‘Business risks in mining and metals... 

Growth, productivity headwinds biggest threats to mining – EY

Wallbridge looking to advance Parkin

By: Megan van Wyngaardt TSX-listed Wallbridge Mining is working to attract new partner financing to advance its nickel, copper and platinum-group metals Parkin properties project, in Ontario, following mechanical stripping and fieldwork. The miner noted on Friday that the fieldwork exposed six areas with massive,... 

Burkina Faso parliament adopts new mining code

By: Reuters Burkina Faso's transitional parliament passed a new mining code on Friday that abolishes a previous 10% tax break on mining company profits and obliges firms to pay into a local development fund. The adoption of the new code, which replaces 12-year-old mining regulations, was among requirements... 

PearTree appoints new president, head of mining

By: Sashnee Moodley PearTree Securities, a subsidiary of PearTree Financial Services, the originator of flow through donation financing in Canada, has appointed Trent Mell PearTree president and head of mining.  

PearTree appoints new president, head of mining
Trent Mell

Proposed European law to intensify war against conflict minerals

By: Anine Vermeulen If implemented, the proposed European Union (EU) conflict minerals legislation will help make responsible sourcing a natural part of doing business in areas struggling with conflict or instability, nongovernmental organisation Global Witness conflict minerals campaigner Emily Norton says. The... 

Proposed European law to intensify war against conflict minerals

Guinea signs infrastructure sharing agreements with two miners

By: Reuters Guinea and its state miner have signed infrastructure sharing agreements with two of the country's leading mining companies in an effort to accelerate development of large-scale bauxite projects, a government official and one of the companies said. The accords, hammered out during negotiations in... 

Mintek’s new pilot plant to help grow South Africa’s rare earths sector

By: Ilan Solomons Local State-owned mineral and metallurgical innovation company Mintek officially opened a rare earth solvent extraction pilot plant at its head offices in Johannesburg earlier this month. Research and development of the technology for the plant cost about R50-million, while the value of the plant... 

Mintek’s new pilot plant to help grow  South Africa’s rare earths sector
ALAN McKENZIE Mintek technology division GM Alan McKenzie explaining how the rare earth solvent extraction pilot plant operates

Eskom’s Molefe comes out swinging on final day of Nersa hearings 

By: Terence Creamer Acting Eskom CEO Brian Molefe came out swinging at the conclusion of public hearings into the utility’s request for an additional tariff hike during 2015/16 to enable it to pay for diesel and short-term power contracts with private generators. 

Eskom’s Molefe comes out swinging on final day of Nersa hearings
Photo by Duane Daws
Eskom acting CEO Brian Molefe

Vale expects to raise $1.5bn from asset sale in Brazil

By: Reuters Brazilian miner Vale could raise about $1.5-billion through the sale of a stake in one of its Brazil-based assets, a senior executive said on Wednesday. Vale, the world's largest producer of iron-ore, is scrambling to raise cash to shore up its finances in the midst of a price slump in the raw... 

Amid questions on legality of Eskom's reopener, business appeals for tariff moderation 

By: Terence Creamer Organised business called on the National Energy Regulator of South Africa (Nersa) to set aside Eskom’s “selective reopener”, arguing that there was no legal basis for such an application, which represented a radical and potentially destabilising departure from South Africa’s established... 

Amid questions on legality of Eskom's reopener, business appeals for tariff moderation

Sentula narrows FY loss

By: Creamer Media Reporter Mining services provider Sentula Mining on Wednesday reported a marginal improvement in its headline loss a share to 41.3c for the financial year ended March 31, compared with a loss of 43.7c in the 2014 financial year. Its basic loss a share narrowed from 91.8c in 2014 to 50.5c in the year under... 

Moma ops halted amid strike

By: Creamer Media Reporter Mineral sands miner Kenmare Resources has temporarily suspended operations at its Moma mine, in Mozambique, after a group of employees embarked on industrial action. The industrial action was in response to cost-cutting measures, including retrenchments, being implemented by the company. 

Flinders to shutter Swedish operation till graphite prices improve

By: Henry Lazenby Ten months after starting production at its Woxna graphite mine and processing facility, in central Sweden, TSX-V-listed Flinders Resources will shutter the operation in anticipation of better prices. The company reported this week that despite Woxna producing graphite to grade and recovery... 

SA’s rail revitalisation ambitions lauded as more opportunities arise

By: Natasha Odendaal US Secretary for Transportation Anthony Foxx has lauded South Africa’s rail revitalisation efforts as State-owned Transnet and US-based General Electric (GE) developed one of the “best localisation case studies”. Speaking at a US State delegation tour of Transnet’s Koedoespoort locomotive... 

SA’s rail revitalisation ambitions lauded as more opportunities arise

Mines chamber appeals for non-tariff Eskom funding as industry nears ‘tipping point’

By: Terence Creamer The imposition of an additional power tariff increase would severely jeopardise the sustainability of the South African mining industry, the Chamber of Mines warned at hearings hosted by the National Energy Regulator of South Africa (Nersa) in Johannesburg on Tuesday. Eskom has applied for a... 

Mines chamber appeals for non-tariff Eskom funding as industry nears ‘tipping point’
Photo by Duane Daws
Chamber of Mines economics head Monique Mathys

Tariff timetable misalignment may see Eskom’s financial woes becoming a municipal problem  

By: Terence Creamer A National Treasury circular informing municipalities that any additional bulk electricity price increases approved by the National Energy Regulator of South Africa (Nersa) after May 15 would need to be “deferred” to the 2016/17 financial year emerged as a key point of contention at hearings... 

Tariff timetable misalignment may see Eskom’s financial woes becoming a municipal problem
Photo by Duane Daws
From left: Dr Rod Crompton, Khomotso Mthimunye, Thembani Bukula, Jacob Modise and Nomfundo Maseti

Omnia keeping afloat despite tough market conditions

By: Megan van Wyngaardt Despite a tough financial year, marked by weaker performance in its mining division and a flat performance in its chemicals division, owing to a struggling manufacturing sector, JSE-listed chemicals company Omnia achieved a 3% increase in headline earnings a share to R14.65 for the 12 months to... 

Omnia keeping afloat despite tough market conditions
Photo by Duane Daws
Rod Humphris

Talga encouraged by CSIRO report on Sweden graphite deposit 

By: Ilan Solomons Australian technology materials development company Talga Resources on Tuesday announced the outcomes of a detailed 10-month assessment by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) on graphite and graphene samples from its high-grade and wholly-owned Nunasvaara... 

Queensland resource sector calls for government infrastructure investment revival

By: Natasha Odendaal The global competitiveness of the Queensland resources sector relies on the state and federal governments providing high-quality economic infrastructure ahead of demand; however, with governments stepping back over the past decade, the sector is now calling for a revival of the targeted... 

Public comment sought on Mount Polley restart application

By: Henry Lazenby The British Columbia provincial government is seeking public input to help ensure that Imperial Metals has a modern long-term remediation and restoration plan for the ill-fated Mount Polley mine in place by early next year, as the government considers allowing a temporary restart of the... 

Royal Nickel chooses Swedbank to advise on $600m bond financing

By: Henry Lazenby Base metals project developer Royal Nickel Corporation (RNC) has appointed Swedbank Norway (Swedbank) as adviser for a senior bond financing of about $600-million, with a five-year maturity, to develop its Dumont nickel project, in Quebec. Swedbank would work closely with RNC to arrange the... 

Royal Nickel chooses Swedbank to advise on $600m bond financing

Mining industry to refocus metrics and methodologies on long-term efficiency

By: Simon Rees Among analysts, fund managers and investors, questions surrounding liquidity, cash generation and squeezing out productivity gains dominated the conversation on how to best avoid the downcycle’s worst shoals. Many a management had tailored their project and operational metrics in response to... 

Gemfields auction yields $29.3m, helps conservation

By: Megan van Wyngaardt Coloured gemstones miner Gemfields earned $29.3-million from the sale of rubies mined at its Montepuez deposit, in Mozambique. The Aim-listed company’s fourth auction of rough rubies from Montepuez, saw 46 companies placing bids, with the auction realising an average price of $617/ct. 

Sierra Rutile appoints new CFO

By: Creamer Media Reporter Aim-listed Sierra Rutile has appointed Matthew Hird to succeed Yves Ilunga as CFO in September. Hird, a chartered accountant, was an experienced finance professional from the natural resources sector with a wealth of expertise in driving the strategic analysis, financing, reporting and governance... 

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