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Diversified Miners News

In first Canadian foray, Denham enters into $65m partnership with project developer JDS Silver

By: Henry Lazenby     27th September 2016 Private equity firm Denham Capital has agreed to back private project developer JDS Silver by providing $65-million to complete construction and bring into production the Silvertip mine, in Northern British Columbia, the company said Tuesday. At a 30% zinc-equivalent grade, the Silvertip project... 

Renewables not cost competitive until mid-century – Glencore

By: Reuters     27th September 2016 Renewable energy will not be cost competitive with fossil fuels until 2050, Glencore said on Tuesday, much later than energy organisations forecast and supporting the mining and trading giant's case for continued investment in coal. Glencore has said coal is still an investment opportunity,... 

Mosaic’s radioactive sinkhole problem could mean mine delays

By: Bloomberg     27th September 2016 As the world’s largest producer of phosphate fertiliser, Mosaic is used to digging up parts of Florida to recover the mineral. But lately, one particular hole is causing the company some headaches. A sinkhole 14 m wide has opened up in a pile of mining waste at the company’s New Wales site, in... 

Mosaic’s radioactive sinkhole problem could mean mine delays

Illegal mining out of control – Mine Rescue Services

By: Natasha Odendaal     27th September 2016 A surge in the number of mine rescues and recoveries at abandoned and disused operations is an indication that the illegal mining scourge is starting to spiral out of control, and the recorded incidents are just the tip of the iceberg. The Chamber of Mines and Mine Rescue Services (MRS) on... 

Illegal mining out of control – Mine Rescue Services
Photo by Duane Daws
Mine Rescue Services CEO Christo de Klerk

Kinross sells 4.7% stake in Lundin

By: Henry Lazenby     27th September 2016 Gold producer Kinross Gold has agreed to sell a 4.7% stake in Lundin Mining to GMP Securities, amounting to 5.5-million common shares at C$5.60 apiece. Kinross on Monday said the deal was part of its portfolio management strategy and would generate C$30.8-million in gross proceeds. 

Rio Tinto launches debt reduction programme

By: Reuters     26th September 2016 Major minor Rio Tinto on Monday announced a bond buyback plan for up to $3-billion, saying it was taking advantage of its healthy cash situation to further reduce debt. Under the plan Rio Tinto has issued a redemption notice for approximately $1.5-billion of its 2017 and 2018 US... 

Randgold CEO Bristow ‘super excited’ about Africa as ‘next China’ 

By: Martin Creamer     26th September 2016 Africa needs investments coupled with aggressive growth and if correctly managed, will be the world’s "next China", says Randgold Resources CEO Dr Mark Bristow, who has developed half a dozen highly successful gold mines on the continent besides traversing its length and breadth on his motor... 

Randgold CEO Bristow ‘super excited’ about Africa as ‘next China’
Randgold CEO Dr Mark Bristow (centre) with host country management at the Loulo gold mine

Fraser Alexander’s structured funding offering to revolutionise mining industry – CEO 

By: Mia Breytenbach     26th September 2016 Mining Services and construction company Fraser Alexander has, as part of repositioning its business value proposition, introduced a structured funding offering to its Integrated Mining Service (IMS) for its clients. CEO Velile Nhlapo believes this value proposition will “revolutionise the mining... 

Fraser Alexander’s structured funding offering to revolutionise mining industry – CEO
Mining Services and construction company Fraser Alexander has, as part of repositioning its business value proposition, introduced a structured funding offering to its Integrated Mining Service for its clients. Video and editing: Darlene Creamer 26.9.2016

Ferrochrome price in sharp rise

By: Martin Creamer     26th September 2016 The European benchmark ferrochrome price for the fourth quarter of 2016 has been settled at 110c a pound, 12.2% up on the 98c-a-pound price of the third quarter. Johannesburg Stock Exchange-listed Merafe Resources said last month that it expected to benefit from renewed positive ferrochrome... 

Ferrochrome price in sharp rise
Photo by Duane Daws
Merafe CEO Zanele Matlala

BHP faces rating risk as easing gloom helps rivals’ outlooks

By: Bloomberg     26th September 2016 BHP Billiton faces a battle to hold on to its credit score even as lower-rated mining rivals including Rio Tinto have seen their debt outlooks boosted amid the rebound in resource prices. Credit metrics for the world’s biggest miner will be below limits for existing ratings in the current fiscal... 

BHP faces rating risk as easing gloom helps rivals’ outlooks

Freeport investors in DRC limbo as Tenke mine sale drags on

By: Bloomberg     24th September 2016 Freeport-McMoran investors have been learning the difficulties of doing business in the Democratic Republic of Congo, where even trying to leave can be an exercise in frustration. On May 9, the world’s largest publicly traded copper producer announced it would sell its 56% stake in the Tenke... 

North American Aboriginals, First Nations join hands to thwart domestic oil development 

By: Henry Lazenby     23rd September 2016 Canadian and Northern US Aboriginal groups and First Nations have, this week, adopted the Treaty Alliance Against Tar Sands Expansion, seeking to officially prohibit and collectively challenge and resist oil sands industry expansion in Alberta. This extends to preventing the transport of such... 

North American Aboriginals, First Nations join hands to thwart domestic oil development

BMR secures finance to advance Kabwe

By: Megan van Wyngaardt     23rd September 2016 Zambia-focused mineral processing business, BMR Group has entered into a $5.2-million project construction and trade finance facility with African Compass International (ACI), a private South African group engaged in mining, energy and agribusiness. Through the facility, Aim-listed BMR and its... 

Earnings from govt contracts only a tiny fraction of total revenue – Oakbay

By: Ilan Solomons     23rd September 2016 In an attempt to highlight that its revenue is largely driven by private-sector deals – with government contracts accounting for only 8.9% of revenue generation – controversial investment holding company Oakbay Investments has released its first annual results for the year ended February 29. The... 

Earnings from govt contracts only a tiny fraction of total  revenue – Oakbay
Photo by Duane Daws
BRAKFONTEIN COAL MINE Brakfontein supplied 1.49-million tons of coal to Eskom in Oakbay’s 2015/16 financial year

Facilitating stakeholder engagement to drive industry growth

By: Aarifah Nosarka     23rd September 2016 Trying to address all the problems the African mining industry faces in two days is a challenge, says Joburg Indaba chairperson Bernard Swanepoel, but he believes that the annual Joburg Indaba mining conference has this “down to a fine art”. A major challenge, however, is ensuring the... 

Facilitating stakeholder engagement to drive industry growth
BERNARD SWANEPOEL Early engagement is the solution to ensuring participation of the mining industry’s key stakeholders at the event

Increased systemisation of logistics management needed in South Africa

By: Robyn Wilkinson     23rd September 2016 South Africa needs to focus on improving the systemisation of logistics management or risk falling behind global trends and incurring inflated costs, says research logistics team Greiner, Mendi & Associates (GMA) MD Lars Greiner. 

Innovation for transporting heavy loads goes into operation

By: Robyn Wilkinson     23rd September 2016 The self-propelled modular transporter (SPMT) widening adaptor for high and wide loads from heavy lifting and transport specialist Mammoet will go into operation for the first time in September in the US. 

Innovation for  transporting heavy loads goes into operation
HAULING LARGE LOADS Mammoet’s widening adaptor improves the safety of transporting large loads of cargo

Investor confidence ‘concerning’, key to industry growth

By: Aarifah Nosarka     23rd September 2016 The South African mining sector needs policies that recognise the type of investment that mining demands and which reduce the risks related to investing in long-term projects to encourage investment in the sector, says Chamber of Mines (CoM) CEO Roger Baxter. He tells Mining Weekly that the... 

Investor confidence ‘concerning’, key to  industry growth
RESILIENT INDUSTRY The mining industry is the foundation on which South Africa’s industrial development was built and continues to contribute significantly to the country’s economy

Lack of vibrant junior sector, exploration to ensure long-term sustainability lamented

By: Ilan Solomons     23rd September 2016 South Africa needs to urgently develop a vibrant junior mining sector and establish a conducive policy environment to attract investment in new exploration projects to ensure the long-term sustainability of the country's mining sector. This is according to banking group Nedbank Capital mining and... 

Lack of vibrant junior sector, exploration to  ensure long-term sustainability lamented
Photo by Duane Daws
PAUL MILLER Mining majors are primarily focused on weathering the current challenging economic climate and depressed commodity prices

Mining companies’ business models in need of radical overhaul – software developer

By: Ilan Solomons     23rd September 2016 Mining companies need to introduce new ways of thinking about their overall business model to ensure more efficient and successful operations in future, says local enterprise software developer NxGN MD Harry Sinko. Speaking at the Southern African Institute of Mining and Metallurgy’s Mining for... 

Mining companies’ business models in need of radical  overhaul – software developer
HARRY SINKO There is now a need to apply new forms of intelligence to the business environment, including ‘systems thinking’

New radar to improve underground mining safety, productivity

By: Mia Breytenbach     23rd September 2016 Geotechnical slope stability monitoring radar systems supplier Reutech Mining locally developed the Sub Surface Profiler (SSP) – a compact and convenient ground-penetrating radar system that aims to increase mine safety and contribute to increased productivity and efficiency in operations.... 

New radar to improve underground  mining safety, productivity
Photo by Duane Daws
EASY USE The SSP weighs less than 4.5 kg and has a patented ergonomic design that allows for a one-handed operation by an operator

Relook warehouse design to increase storage space, reduce costs

By: Robyn Wilkinson     23rd September 2016 Redesigning the layout of an existing racking or shelving system can significantly improve the amount of storage space available and the operational efficiency of warehouses, says storage and materials handling equipment manufacturer Linvar marketing manager Nicky Farrell. 

Relook warehouse design to increase storage space,  reduce costs
BEST USE OF SPACE By conducting feasibility studies, Linvar can advise warehouse managers on the warehouse design most suited to their specific products and operational needs

Women making inroads in mining, but more needs to be done – Teke

By: Ilan Solomons     23rd September 2016 In transforming South African society, the mining sector is continually challenged to deliver on its transformation objectives and particularly that of the empowerment of women in the industry, which is of critical importance in achieving this goal, Chamber of Mines of South Africa president Mike... 

Women making inroads in mining, but more needs to be done – Teke
MIKE TEKE The representation of women in the mining sector had improved significantly from about 11 400 in 2002 to about 53 000 in 2015

Armadale to increase focus on Tanzania graphite project

By: Megan van Wyngaardt     22nd September 2016 Investment company Armadale Capital will increase its focus on further developing its Mahenge Liandu graphite project in southeast Tanzania, as it represented an “exciting new investment”. Being a key element in the global battery market, the potential of the graphite prospect led to a successful... 

Mining Indaba opens the door for more emerging miners to participate

By: Mia Breytenbach     22nd September 2016 The Investing in African Mining Indaba has “recreated a platform for the emerging or smaller miner to participate at a palatable price point”, says outgoing Mining Indaba MD Jonathan Moore. Mining Indaba in June announced price reductions of up to 50% for mining corporates, as many companies had... 

Mining Indaba opens the door for more emerging miners to participate
Photo by Duane Daws
Outgoing Mining Indaba CEO Jonathan Moore and his successor Alex Grose

Russia to outshine other European mining countries even more by 2020

By: Megan van Wyngaardt     22nd September 2016 While regulatory policies and elevated production costs will continue to pose the greatest challenges for miners operating in Europe to 2020, BMI Research has highlighted Russia as the region's “growth bright spot” in terms of mining industry value (MIV) growth rates. The research and advisory... 

South African rating cut a serious risk, De Beers CEO says

By: Bloomberg     22nd September 2016 South Africa is in deep danger of losing its investment-grade credit rating and needs to reassure investors of its commitment to regulatory certainty and fiscal stability, said Bruce Cleaver, the chief executive officer of De Beers, the world’s largest  diamond producer. “South Africa is in a... 

Pan African investigating R1.7bn gold tailings project 

By: Martin Creamer     21st September 2016 Gold mining company Pan African Resources is investigating a large gold tailings retreatment project at its Evander mines in Mpumalanga. Underwritten proposals have been received for the full financing package for the Elikhulu project, which will require an estimated capital expenditure of... 

Pan African investigating R1.7bn gold tailings project
Pan African CEO Cobus Loots outlines growth plans to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer. 21.9.2016

Pan African profit soars, dividend increased

By: Martin Creamer     21st September 2016 A year of record gold production has resulted in the Pan African Resources group delivering an outstanding set of results. In the 12 months to June 30, the gold mining operations of the London- and Johannesburg-listed company saw particularly outstanding performance from its Evander mines, which... 

Pan African profit soars, dividend increased
Photo by Duane Daws
Pan African CEO Cobus Loots

BHP continues to fight Australia on A$1bn tax bill

By: Esmarie Swanepoel     21st September 2016 Mining giant BHP Billiton is continuing to dispute taxes levied by the Australian Taxation Office (ATO) on the company’s Singapore marketing hub activity, saying in its yearly taxation report on Wednesday that it will initiate court action if necessary. The ATO has struck BHP with a... 

BHP continues to fight Australia on A$1bn tax bill

South African ‘Mining Hall of Fame’ on way – Swanepoel

By: Martin Creamer     20th September 2016 A South African ‘Mining Hall of Fame’ is on the way. Revealing this at a pre-Joburg Indaba presentation on Tuesday, chairperson Bernard Swanepoel noted that South Africa was odd mining jurisdiction out in not having a mining hall of fame. 

South African ‘Mining Hall of Fame’ on way – Swanepoel
Photo by Duane Daws
Joburg Indaba chairperson Bernard Swanepoel

Cost-conscious major miners look to agility of junior explorers

By: Reuters     20th September 2016 Tight budgets and nervous investors have convinced major miners that a cheap, timely way to ensure a strong pipeline of quality assets is to team up with junior, more nimble exploration firms. Miners have slashed costs by delaying projects, sold assets and cut exploration budgets to free up cash... 

Rio turns China optimist, sees copper’s 'twilight zone' exit

By: Bloomberg     20th September 2016 Rio Tinto, the world’s second-largest mining company, is becoming more optimistic on the outlook for commodities demand in China after recent data pointed to a pickup in the construction market. “The drop that we had experienced for the last two or three years in China seems to have plateaued,”... 

Despite reaching production vein, PTM lowers guidance again as stoping delays weigh

By: Henry Lazenby     19th September 2016 South Africa-focused miner Platinum Group Metals (PTM) has again lowered its production guidance for the first year of operations at its Maseve mine, in South Africa, citing a delay in ramping up stoping tonnes. Despite monthly output at Maseve increasing to 1 893 oz of platinum, palladium,... 

Regulatory, operational uncertainties maintain hold on sub-Saharan African mining sector

By: Natasha Odendaal     16th September 2016 Regulatory uncertainty and operational challenges pose the greatest risks to sub-Saharan Africa focused mining companies. Despite the optimism around the gradual recovery in commodity prices, vast mineral reserves and sub-Saharan Africa's low production costs, a new report released by BMI... 

Shaft sinking industry group launches, seeks to create new opportunities

By: Ilan Solomons     16th September 2016 The South African Shaft Sinking, Equipment and Services (Sasses) supply group, a subgroup within the South African Capital Equipment Export Council (Saceec), was officially launched at the Electra Mining Africa 2016 tradeshow in Johannesburg, this week. Sasses aims to assist local manufacturers... 

Shaft sinking industry group launches, seeks to create new opportunities
South African Shaft Sinking, Equipment and Services supply group launch

Commodities may end 2016 with whimper after first-half rally

By: Bloomberg     16th September 2016 For commodities, 2016 started with a bang. If history is any guide, it will end with a whimper. The Bloomberg Commodity Index, tracking returns for 22 components, is heading for a third-quarter slump after posting consecutive gains in the first two periods. Since the data begins in 1991, that’s... 

Aus alarm launched in South Africa

By: Nadine James     16th September 2016 Mining safety solutions company Nautitech Mining Solutions has launched an alarm system based on thermal analytics. The associated camera has the ability to positively identify personnel that are within the hazardous areas. The Australian company, which introduced its products to the South... 

Aus alarm launched in  South Africa
DANGER ZONE The alarm system enables the thermal camera system to positively identify a person in or in close proximity to a hazardous area
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