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Diversified Miners News

Eldorado in possible pickle for ‘breach of contract’ in Greece – NGO

By: Henry Lazenby     30th May 2017 Gold producer Eldorado Gold could be subject to arbitration after the Greek government last month announced its intention to take the company to mediation over a possible breach of contract relating to its ability to produce precious metals in Greece. The Greek government on April 11 assigned a... 

Zambezi Protocol providing strategic direction to identity-changing Chamber of Mines 

By: Martin Creamer     29th May 2017 The 128-year-old Chamber of Mines of South Africa provided an important indicator of its intended new direction when it revealed that the Zambezi Protocol would be its guiding light as it embarked on its identity and name-change programme. Under unanimously elected new president of Mxolisi Mgojo,... 

Zambezi Protocol providing strategic direction to identity-changing Chamber of Mines
Mining Weekly Online’s Martin Creamer asks new Chamber of Mines office bearers to spell out the influential institution’s decision to change its 128-year-old name and identity. Photographs and Video: Duane Daws. Video Editing : Lionel d Silva.

BHP CEO tells investors options for US shale under review

By: Bloomberg     29th May 2017 BHP Billiton is assuring shareholders that it’s exploring numerous options for its contentious US shale unit amid pressure from activist investor Elliott Management to carry out a wider review of petroleum operations. In a series of meetings in Australia last week, CEO Andrew Mackenzie stressed... 

BHP CEO tells investors options for US shale under review
BHP CEO Andrew Mackenzie

Vast draws down on SSA loan

By: Megan van Wyngaardt     26th May 2017 Aim-listed Vast Resources on Friday said it has drawn down $3-million of its $8-million financing arrangement with SSCG Africa Holdings (SSA), despite approval by the Reserve Bank of Zimbabwe (RBZ) still being outstanding. In January, the parties entered into an $8-million agreement, comprising a... 

Angola continues diversification into minerals to curb oil deficits, but progress slow

By: Megan van Wyngaardt     26th May 2017 Angola's continued reliance on the oil sector will result in limited development of its mining sector between now and 2021. However, the country is expected to continue diversifying into minerals in the longer term, as a decline in domestic oil production speeds up government plans to invest in... 

Alba to embark on Amitsoq work programme in June

By: Megan van Wyngaardt     26th May 2017 Greenland-focused graphite miner Alba Mineral Resources has completed its consultation phase with the country’s Mineral and Licensing Safety Authority, allowing it to embark on a work programme at its Amitsoq project. The programme, to take place over June and July, is designed to verify the... 

Botswana agency to support installed base, new projects

By: Simone Liedtke     26th May 2017 Key mining, materials handling and minerals processing equipment supplier Takraf Africa – part of the global Tenova Takraf group – has appointed engineering service agency Etuba Engineeringits agent in Botswana. Takraf Africa engineered technologies GM Richard Späth tells Mining Weekly that the... 

Botswana agency to support installed base, new projects
PROMOTING UPTAKE Etuba will market the full range of Takraf Africa’s mining, materials handling, dust control, comminution and Delkor solid/liquid separation equipment

Botswana business expected to ‘flourish’

By: Simone Liedtke     26th May 2017 Mineral processing equipment solutions provider Multotec aims to find a balance between initiatives that drives localisation and benefits communities in Botswana, and the advantages associated with international connections, following the relaunch of the fully-fledged Botswana-registered and... 

Botswana business  expected to ‘flourish’
CUSTOMER SERVICE Multotec field service teams are based on-site at key customers in Botswana

Botswana continues to value exploration activity, mining

By: Simone Liedtke     26th May 2017 Exploration for minerals in diamond-dependent Botswana continues despite the tough economic conditions its mining industry faces, which has impacted negatively on the country’s economic health, says mining and exploration organisation Botswana Chamber of Mines CEO Charles Siwawa. These minerals,... 

Botswana continues to value exploration activity, mining
ECONOMIC DRIVER Despite its struggles, the mining industry in Botswana continues to drive its economy, with trends pointing to the sector’s stabilisation

Botswana receives load bank system order

By: Simone Liedtke     26th May 2017 The first load bank system from power-generating brand supplier Vert Energy – the Southern Africa distributor of Asco power switching and control components – was supplied to private equity company Peter Investments, in Botswana, last month. 

Botswana receives load bank system order
SECURING SUPPLY Vert Energy plays a role in providing dependable power to companies, even in Africa’s most remote countries – such as Botswana

Botswana to adopt Canadian model of sustainability

     26th May 2017 A Canadian model aimed at improving the sustainability of mining through environmental and community outreach practices is being introduced in Botswana, says mining networking platform African Mining Network (AMN) chairperson Yolanda Torrisi. 

Botswana to adopt Canadian model  of sustainability
CONTINUOUS ASSESSMENT TSM requires miners to continuously assess their mining practices and report them to the community

Council for Geoscience launches near-shore mapping programme

By: Ilan Solomons     26th May 2017 Mineral resources are important to the economy and capacity building of South Africa and are being extensively exploited on land and there will likely be a shift towards the offshore environment, where exploration is currently focussed on diamonds and titanium sand, says Council for Geoscience... 

Council for Geoscience launches near-shore mapping programme
Photo by USGS
TREASURES OF THE DEEP Future possibilities in offshore mining include polymetallic manganese nodules and crusts, glauconite, phosphates and building aggregates

Despite glorious past, mineral processing innovation faces uncertain future

By: Mia Breytenbach     26th May 2017 While the mining industry does not yet seem to be in a crisis regarding innovation in minerals processing, it certainly seems to be on a downward trajectory, says former Julius Kruttschnitt Mineral Research Centre (JKMRC) director and emeritus professor Tim Napier-Munn, noting that, with... 

Despite glorious past, mineral processing innovation faces uncertain future

Diamond recovery projects scheduled for Q3 completion

     26th May 2017 Canadian diamond producer Lucara Diamond’s capital expenditure for 2017 is forecast at between $33-million and $35-million, and will largely fund the completion of its mega diamond recovery (MDR) and X-ray transmission (XRT) projects at the Karowe mine, in Botswana. 

Geologists, mineralogists exploring new Botswana licences

By: Simone Liedtke     26th May 2017 A second fieldwork programme at the six new prospecting licences (PLs) in Botswana awarded to the Sunland Minerals joint venture (JV), including initial sampling and geophysics, is planned for September 2017.  

Ghana, Mauritania and Sao Tome make ‘meaningful progress’, Malawi publishes first EITI report

By: Ilan Solomons     26th May 2017 At a recent meeting in Bogotá, Colombia, the Extractive Industries Transparency Initiative (EITI) board agreed to assess the performance of its 51 implementing countries against the EITI standard and found Ghana, Mauritania and Sao Tome and Principe to have made “meaningful progress”. The EITI is... 

Ghana, Mauritania and Sao Tome make ‘meaningful progress’, Malawi publishes first EITI report
Photo by Duane Daws
FREDRIK REINFELDT The EITI is pleased that another three countries have made meaningful progress and committed its continued support to others in their efforts to meet the standard

Govt continues to encourage investment beyond diamonds

By: Simone Liedtke     26th May 2017 Botswana's mining industry will see steady value growth as government continues its efforts to diversify away from the diamond sector, encouraging foreign investment, particularly in coal projects, says industry analyst BMI Research, a Fitch Group company. 

Govt continues to encourage investment beyond diamonds
STEADY AS SHE GOES Government's efforts to develop Botswana’s coal mining sector are also expected to yield steady progress

Kumba boss calls for end to mining industry’s current operating model

By: Dylan Slater     26th May 2017 Themba Mkhwanazi, CEO of diversified miner Anglo American’s Kumba Iron Ore sibsidiary, believes that a paradigm shift is needed to upend the current mining industry’s reliance on a generalised operating model that is rapidly becoming outdated and will ultimately lead to the demise of the ind 

Kumba boss calls for end to mining industry’s  current operating model
THEMBA MKHWANAZI A mining modernisation revolution is required, hinged on employing radical solutions to transform the mining industry to keep up with the times

Mineral scanner to facilitate identification of reactive ground

     26th May 2017 In another step towards safer blasting practice, Johannesburg-headquartered explosives and services supplier BME is adapting its XRF Delta Pro mineral scanner to quickly identify reactive-ground conditions that could lead to blast site incidents. “This can give us real-time information that... 

Mineral scanner to  facilitate identification  of reactive ground
BOMBS AWAY There is potential for sulphides contained in rock to react with the nitrates in explosives – possibly causing the emulsion to deflagrate or detonate prematurely in the blast hole

‘Attractive’ copper project advances on back of $50m loan

By: Simone Liedtke     26th May 2017 Copper miner Cupric Canyon Capital has secured $50-million to develop its Khoemacau underground mine in north-west Botswana and bring the copper-silver project into production. 

‘Attractive’ copper project advances on back of $50m loan
Photo by Bloomberg
OUTPUT OUTLOOK The first shipment of the red metal to markets is expected in 2019

Strike impacts Freeport's Grasberg mine, workers 'resigned'

By: Reuters     25th May 2017 Freeport McMoRan said on Thursday that mining and milling rates at its Grasberg copper mine, in Papua, Indonesia, have been affected as some 9 000 workers stage an extended strike, and a "large number" of approximately 4 000 absentee workers were deemed to have resigned. Escalating tensions with... 

Strike impacts Freeport's Grasberg mine, workers 'resigned'
Photo by Bloomberg
Grasberg semi-autogenous grinding mills, Indonesia

Chamber heads for new beginning 

     25th May 2017 The Chamber of Mines of South Africa is rethinking its identity and name and has elected Mxolisi Mgojo its new president. Mining Weekly editor Martin Creamer joins senior deputy editor Tracy Hancock in studio to discuss this news. 

Chamber heads for new beginning
Chamber heads for new beginning

Mgojo elected president as chamber heads for new beginning, new name, rebranding

By: Martin Creamer     24th May 2017 It is an organisation that is more relevant today than it has ever been in its 128-year history. Its role is so much more than mining. It operates in a changing environment and needs to contemplate its own new identity and name. 

Mgojo elected president as chamber heads for new beginning, new name, rebranding
Photo by Duane Daws
New Chamber of Mines of South Africa president Mxolisi Mgojo

BHP hopes for more nickel mines in WA

By: Esmarie Swanepoel     24th May 2017 Mining major BHP has confirmed that it is pursuing environmental approvals to develop two satellite pits to support production from its Mount Keith operation, in Western Australia. Mt Keith is owned by the Nickel West division of BHP.  

Vedanta hits production high spot at Black Mountain

By: Martin Creamer     24th May 2017 Diversified mining company Vedanta has achieved its highest quarterly production in four years at Black Mountain in South Africa, where the Gamsberg zinc project is on track to begin production towards the middle of next year. In addition, mobilisation on the Skorpion pit layback, in neighbouring... 

Vedanta hits production high spot at Black Mountain
Photo by Bloomberg
Vedanta chairperson Anil Agarwal

Brazil miner Samarco says resuming operations this year challenging

By: Reuters     24th May 2017 Brazilian iron ore miner Samarco Mineração believes resuming operations this year will be challenging, though there remains a small possibility, Roberto de Carvalho, CEO, told Reuters on Tuesday. The company, which halted operations in November 2015 after a dam burst, said talks are continuing... 

Rio Tinto seeks to reduce debt through $2.5bn bond buyback

By: Megan van Wyngaardt     22nd May 2017 Global mining giant Rio Tinto on Monday launched a $2.5-billion bond buyback plan to reduce its gross debt. Under the plan, Rio Tinto has issued a redemption notice for $1.72-billion of its 2019 and 2020 dollar-denominated notes and started cash tender offers, through Rio Tinto Finance, to buy up... 

Vast, SSA extend funding agreement to June 2

By: Megan van Wyngaardt     22nd May 2017 A financing agreement between Aim-listed miner Vast Resources and SSCG Africa Holdings (SSA) has been extended once again, pending approval by the Reserve Bank of Zimbabwe. In January, the parties entered into an $8-million agreement, comprising a $4-million long-term loan and a $4-million... 

Pallinghurst share price leaps on value unlock outline

By: Martin Creamer     19th May 2017 The share price of mining investment fund Pallinghurst leapt in Johannesburg after the company outlined its plans to swop its investment fund shawl for a diversified miner’s mantle, unlock value through full absorption of its coloured gemstone associate and target a possible listing of the... 

Pallinghurst share price leaps on value unlock outline
Photo by Duane Daws
Arne Frandsen (left) and Brian Gilbertson at Pallinghurst's listing on the JSE ten years ago

Alcohol, education longterm solution to abuse

By: Simone Liedtke     19th May 2017 Testing backed up by educational programmes is a tried and tested method, proven to reduce alcohol-related incidents, drive down absenteeism and improve overall productivity in the mining sector, alcohol detection technology and services provider Alco-Safe director Rhys Evans tells Mining Weekly. 

Alcohol, education longterm solution to abuse
EFFECTIVE TESTING Testing needs to be carried out every single day as part of the mine’s standard health and safety policy to be effective

AMCU to continue pressuring mining houses to pay ‘living wages’

By: Ilan Solomons     19th May 2017 Workers Day is a time when South African workers come together in solidarity with workers worldwide to celebrate the gains made, while also calling for more improvements to the livelihoods and working conditions of labourers around the world, said Association of Mineworkers and Construction Union... 

AMCU to continue pressuring mining houses  to pay ‘living wages’
RAISING THEIR VOICES AMCU will “intensifying the struggle” for the betterment of the working conditions of mineworkers in South Africa

Bushveld completes Vametco acquisition, progresses towards integrated vanadium platform

By: Ilan Solomons     19th May 2017 Diversified mineral development company Bushveld Minerals has completed the acquisition of a 78.8% shareholding in Strategic Minerals Corporation (SMC), the ultimate holding company of Vametco Alloys, from the Evraz Group. Bushveld CEO Fortune Mojapelo notes that one of the acquisition highlights... 

Bushveld completes Vametco acquisition, progresses towards integrated vanadium platform
VAMETCO MINE, NORTH WEST Vametco is a high-quality, low-cost mine that has a plant with a patented vanadium product and a global vanadium customer base

Fibre-optic pyrometer offers South Africa greater accuracy

By: Nadine James     19th May 2017 The South African minerals and metals processing industry has yet to take advantage of the fibre-optic Calex Fibre-Mini pyrometer, compared with the response from international markets, which has been favourable. The pyrometer, used to measure temperatures of reflective metals, was developed by... 

Fibre-optic pyrometer offers  South Africa greater accuracy
FIBRE-MINI PYROMETER The fibre-optic sensing head withstands up to 200 °C ambient temperature

Furnace projects to impact mining giant’s nickel, copper

     19th May 2017 Brazilian miner Vale will execute a furnace rebuild project at its Canada-based Sudbury nickel and copper smelting operation, in Ontario, thereby impacting on the miner’s 2017 production of these metals. In its first quarter performance report released last month, Vale stated that nickel and... 

Furnace projects to impact mining giant’s nickel, copper
Photo by Reuters
FLASHY UPGRADES The $88-million capital expenditure will fund maintenance and strategic projects, such as increasing the power capacity of one of the furnaces

Implats trial of safety packed drill rig imminent 

By: Simone Liedtke     19th May 2017 The Safe Quality Stoping (SQS) face advance drill rig from Brits-based mining machinery manufacturer GST Drilling will be trialled at platinum miner Impala Platinum’s (Implats’) E&F operation, in Rustenburg, South Africa, in the next few weeks. “This trial represents the modernisation of mining... 

Implats trial of safety  packed drill rig imminent
Safe Quality Stoping (SQS) face advance drill rig from Brits-based mining machinery manufacturer GST Drilling and original-equipment developer Scamont Engineering is being demonstrated. Camerawork: Nicholas Boyd. Editing: Lionel da Silva.

Kiln refractory replacement expected to boost production

     19th May 2017 The new kiln refractory is expected to help boost production at vanadium-focused junior miner Largo Resources’ Maracas Menchen mine, in the north east of Brazil, which is the fourth-largest producer of the commodity after South Africa. The miner completed a 20-day shutdown at Maracas to replace... 

Kiln refractory replacement expected to boost production
REJUVENATED Maracas replaced the kiln refractory during a 20-day shutdown

Legislation plays ‘big role’ in uptake of healthcare services 

By: Simone Liedtke     19th May 2017 In many countries, health and safety legislation is either nonexistent or not effectively enforced and, therefore, greatly influences the number of mining-related work opportunities available for healthcare service providers, such as International SOS in Midrand, South Africa 

Legislation plays  ‘big role’ in uptake  of healthcare services
International SOS medical director Dr Charl van Loggerenberg speaks about 'Duty of Care' and the company's services and products. Camerawork: Nicholas Boyd. Editing: Lionel da Silva

Molybdenum demand to be subdued until at least 2025?

By: Ilan Solomons     19th May 2017 In the forecast period between 2016 and 2025 molybdenum demand growth is projected to be slower than the compound annual demand growth recorded from 2009 through 2015. This is according to New York-based research and consulting firm CPM Group’s recently released ‘Molybdenum Long-Term Outlook’... 

Molybdenum demand to be  subdued until  at least 2025?
Photo by Shutterstock
UNCERTAIN FUTURE Molybdenum mine production and industrial demand are likely to change directions over the course of the next ten years that could impact its price in years to come
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