http://www.miningweekly.com
R/€ = 16.01 Change: 0.07
R/$ = 14.03 Change: 0.17
Au 1221.72 $/oz Change: 6.23
Pt 847.00 $/oz Change: 5.21
 

Diversified Miners News

Instil portable skills to assist economic development post closure – consultancy

By: Nadine James     16th November 2018 Mining companies’ social and labour plans (SLPs) should incorporate initiatives or programmes aimed at reskilling workers and uplifting community members through the development of portable skills, says socioeconomic development facilitator Economic Development Solutions (EDS) MD Janine Espin.... 

Resources Watch  

15th November 2018 Anglo American recommits to sustainable development goals, sets milestones for 2020 and 2030 And, a two-month skills development course has concluded 

Resources Watch
Resources Watch

Congo State miner wants meeting over Katanga cobalt export halt 

By: Bloomberg     14th November 2018 The Democratic Republic of Congo’s state-owned miner sought an urgent meeting to discuss a decision by Glencore unit Katanga Mining last week to halt cobalt exports. Katanga, controlled by Glencore, announced November 6 it suspended sales from its Kamoto mine in southeast Congo after detecting... 

Congo State miner wants meeting over Katanga cobalt export halt

Rio completes first stage of $3.2bn share buy-back

By: Esmarie Iannucci     12th November 2018 Global miner Rio Tinto has completed a A$2.8-billion off-market share buy-back, purchasing some 41.2-million shares at a price of A$69.96 each, representing a discount of 14% to the market price. The share buy-back, which was announced in September, forms part of a $3.2-billion share buy-back... 

Lack of unity still stunting growth of African mining sector

By: Tracy Hancock     9th November 2018 Mining has a considerable positive economic impact in most African countries, but with the right kind of support from government, industry, individual stakeholders and the general population, it can be even greater, says African Mining Network chairperson Yolanda Torrisi. 

First mover in Zimbabwe hopeful risk will pay off

By: Tracy Hancock     9th November 2018 Having taken on the risk this year of investing in two exploration projects in Zimbabwe, which is trying to reinvigorate interest in its mining industry, Johannesburg-headquartered integrated resources group Tharisa CEO Phoevos Pouroulis says the country’s mining environment is improving. 

First mover in Zimbabwe hopeful  risk will pay off
PHEOVOS POUROULIS Tharisa is pleased with its interactions with government on the development of the Karo Mining and Salene Chrome assets on the Great Dyke of Zimbabwe

Progress in Southern Africa for diversified Canadian junior

9th November 2018 Metswedi Mining has received the first renewal for both prospecting licence (PL) 101 (430 km2) and PL58 (2.3 km2) which make up the Middlepits project, in Botswana, Canadian diversified junior mining company Tango Mining announced in October.  

Rwanda seeking to attract greater investment in mining sector

9th November 2018 To increase mineral exports and boost revenue from its mineral resources, Rwanda aims to attract greater investment in its mining sector, which has created over 40 000 jobs countrywide. 

Rwanda seeking to  attract greater investment  in mining sector
Photo by Reuters
DOLLAR SIGNS By 2020, Rwanda aims to generate $800-million from mineral exports and $1.5-billion by 2024

Orion equipping communities to benefit from and contribute to its Prieska project

By: Nadine James     9th November 2018 ASX and JSE listed base metals developer, Orion Minerals, has put a big focus on equipping and enabling the communities surrounding its Prieska Zinc-Copper Project, Northern Cape, to benefit from, and contribute to, the development of a modern, mechanised and productive mining operation, says... 

Orion equipping communities to benefit from and contribute to its Prieska project
Photo by Creamer Media
ERROL SMART Unlike Prieska, most South African mining projects are an extension of legacy mining operations and are therefore locked into a cycle of inefficient labour-intensive, unsafe operations

Mining, metals industry anticipated to see spike in M&A activity in 2019

By: Marleny Arnoldi     8th November 2018 Global mining and metals deal appetite remained subdued in the third quarter amid ongoing geopolitical uncertainty, advisory firm EY notes in its latest ‘Mergers, Acquisitions and Capital Raising’ report. However, EY’s global capital confidence barometer (CCB) survey indicated the sector could... 

Mining, metals industry anticipated to see spike in M&A activity in 2019

Mining production down 1.8% y/y in September, led by lower gold output 

By: Marleny Arnoldi     8th November 2018 Mining production decreased by 1.8% year-on-year in September, with the largest negative contributor being gold production with a decline of 19% and contributing -3.1 percentage points. The largest positive contributor was platinum-group metals (PGMs), which had a 7.2% production increase,... 

Mining production down 1.8% y/y in September, led by lower gold output

BHP to meet iron ore commitments despite train derailment-CEO

By: Reuters     8th November 2018 Global miner BHP Billiton will meet its iron ore commitments to customers despite a supply disruption after it had to derail a runaway ore train in Western Australia, CEO Andrew Mackenzie said on Thursday. The miner suspended its rail operations after the incident on Monday that wrecked track... 

BHP execs call for openness and alliances to prevent trade rift damage

By: Esmarie Iannucci     8th November 2018 Diversified major BHP has called for open communication as global trade tensions intensified. The call comes as the US and Chinese governments ready for a stand-off, with both countries escalating tariffs on imports. Speaking at the company’s annual general meeting on Thursday, CEO Andrew... 

Anglo finds returns outweigh risks as it renews Africa focus 

By: Bloomberg     7th November 2018 Anglo American is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns. The storied mining company, founded by Ernest Oppenheimer in Johannesburg a century ago, is devoting a third of its exploration budget to the continent,... 

Anglo finds returns outweigh risks as it renews Africa focus
Anglo American CEO Mark Cutifani

Anglo American recommits to sustainable development goals, sets milestones for 2020, 2030  

By: Simone Liedtke     5th November 2018 The mining industry has to address the critical challenges of safety, productivity and the way land is used, as well as how energy and water are consumed as, alongside a growing population, there is greater demand for minerals and metals. However, meeting the growing demand for the materials that... 

Anglo American recommits to sustainable development goals, sets milestones for 2020, 2030
Anglo American South Africa executive head Andile Sangqu speaks to Mining Weekly Online about the miner's Sustainable Development Goals, and what it hopes to achieve with these. Video and Editing: Nicholas Boyd

South African company building new smelter in Zimbabwe

By: Victor Moolman     2nd November 2018 Foundry and engineering company Thos Begbie is working in the Great Dyke of Zimbabwe, close to the town of Shurungwi, where it is helping to construct the Unki platinum smelter, adjacent to a mining operation owned by platinum mining company Anglo American Platinum (Amplats). Thos Begbie was... 

South African company building new smelter in Zimbabwe
Photo by Duane Daws
ADVANCING UNKI SMELTER Thos Begbie has completed several parts of the Unki platinum smelter being constructed in Zimbabwe

BHP returns $10.4bn of US asset sale proceeds to shareholders

By: Esmarie Iannucci     1st November 2018 Mining major BHP has completed the sale of its Eagle Ford, Haynesville and Permian onshore US oil and gas assets, for $10.5-billion and on Thursday announced that it would return $10.4-billion to shareholders. BHP in July this year announced the sale of its onshore US oil and gas assets for a... 

BHP returns $10.4bn of US asset sale proceeds to shareholders

MC Mining, industry reinvention and EVs in mining  

31st October 2018 Mining Weekly editor Martin Creamer discusses MC Mining’s coking coal offtake agreement, the need for the industry to reinvent itself and electric vehicles being used underground. 

MC Mining, industry reinvention and EVs in mining
MC Mining, industry reinvention and EVs in mining

Glencore hikes coal cost savings forecast by 50%

By: Reuters     31st October 2018 Recent mine acquisitions have helped Glencore Plc achieve 50% more cost savings in its coal business than it had targeted, the world's biggest exporter of coal for power plants said on Wednesday. Glencore had expected to achieve annual cash savings of more than $300-million in its coal business... 

Glencore hikes coal cost savings forecast by 50%

Rio CEO says mining industry has to reinvent itself 

By: Esmarie Iannucci     30th October 2018 Diversified miner Rio Tinto has called for a reinvention of the resources industry, in order to fit into a modern world. Speaking at the International Mining and Resources Conference (IMARC) in Melbourne, Rio CEO Jean-Sebastian Jacques said on Tuesday that the resource industry’s vision had to be... 

Rio CEO says mining industry has to reinvent itself
Rio Tinto CEO Jean-Sebastian Jacques

BHP trims forecasts for US, China GDP growth due to trade conflict

By: Reuters     30th October 2018 The world's biggest miner BHP Billiton has trimmed its expectations of global growth for next year and 2020 due to a "lose-lose" result from the US-China trade conflict, a senior executive said on Tuesday. BHP's modelling suggested the trade row would cut both Chinese and US GDP growth by about... 

Spend don't splurge, investors tell miners as M&A, capex surge

By: Bloomberg     29th October 2018 The world’s biggest miners are cranking up spending for the first time in half a decade as well as pursuing more takeovers – and investors are flashing hazard lights as commodities prices slide and as doubts swirl over the outlook. Capital expenditure among the ten largest metals and mining... 

Spend don't splurge, investors tell miners as M&A, capex surge

Glencore reports higher Q3 copper, cobalt output on Katanga restart 

By: Marleny Arnoldi     26th October 2018 Global diversified miner Glencore, which is led by CEO Ivan Glasenberg, produced 1.06-million tonnes of copper in the third quarter ended September 30 – a 12% year-on-year improvement. Additionally, the company produced 28 500 t of cobalt, which is 44% higher than that produced in the third... 

Glencore reports higher Q3 copper, cobalt output on Katanga restart
Photo by Creamer Media
Glencore CEO Ivan Glasenberg

Vedanta says investing $700m to $800m in South Africa smelter

By: Reuters     26th October 2018 Diversified miner Vedanta is investing up to $800-million in a zinc smelter in South Africa, the head of its zinc unit Deshnee Naidoo said at an investment summit in Johannesburg on Friday. Andile Sangqu, executive head of Anglo American South Africa, added at the same summit that his firm would... 

New lease on life for Leeuwpan

26th October 2018 Diversified miner Exxaro Resources’ Leeuwpan opencast coal mine, in Mpumalanga, was at risk of running out of coal, until last month a new road gave it access to coal reserves. “Leeuwpan needed to develop an area where it could mine another 5.1-million tons a year to extend its life by a further... 

New lease on life  for Leeuwpan
LEEUWPAN MINE Leeuwpan needed to develop an area where it could mine another 5.1-million tons a year to extend its life by a further ten years

Rio Tinto and partners to invest $1.5bn in Pilbara

26th October 2018 Diversified mining company Rio Tinto and its Pilbara joint venture (JV) partners Japanese group Mitsui and steel producer Nippon Steel & Sumitomo Metal have approved a $1.55-billion investment to sustain production capacity at two iron-ore projects that form part of the Robe River JV, in Western... 

Rio Tinto and  partners to invest $1.5bn in Pilbara
WEST ANGELAS Rio Tinto is investing $307-million in developing Deposits C and D at the existing West Angelas opencast iron-ore operation

Some aspects of new Mining Charter ‘still need to be explained’

By: Nadine James     26th October 2018 The gazetting of South African Mining Charter 3, while welcomed as a step forward in creating certainty in the industry, has left gaps regarding its interpretation and its affects on mining communities, says black economic-empowerment advisory firm NPI Governance Consulting founder and CEO Israel... 

Some aspects of new Mining Charter ‘still need to be explained’
ISRAEL NOKO It will take some time for municipalities and tribal authorities to know and understand what role they would be playing according to the new charte

Industry 4.0 won’t be a death knell for mining jobs, but will require reskilling

By: Natasha Odendaal     26th October 2018 The rapid developments around the concept of the mine of the future and the Fourth Industrial Revolution (4IR) are sending mixed reactions over jobs in what is a struggling sector. However, stalling or adopting what is inevitable, in a slow fashion, will deliver penalties for the economy on an... 

Industry 4.0 won’t be a death knell for mining jobs, but will require reskilling

MTBPS highlights 

25th October 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the main issues discussed by Finance Minister Tito Mboweni during his maiden Medium-Term Budget Policy Statement speech on Wednesday. 

MTBPS highlights
MTBPS highlights

South32 foresees short-term volatility, but long-term growth, sustainability 

By: Schalk Burger     25th October 2018 Diversified mining and metals company South32 on Thursday forecast short-term price volatility for the commodities it produces, but also highlighted its strong cash position and its work to further optimise its global portfolio of assets. In a speech delivered at the company’s 2018 annual general... 

US Justice Dept demands details from Glencore on intermediary firms – sources

By: Reuters     23rd October 2018 The US Department of Justice is seeking documents from Glencore about intermediary companies that the commodities firm has worked with in the Democratic Republic of Congo, Venezuela and Nigeria, sources familiar with the matter said. The investigation is not directed at Glencore's own activities... 

Anglo’s portfolio performs well in Q3  

By: Nadine James     23rd October 2018 Diversified miner Anglo American’s focus on driving efficiency and productivity across the business resulted in another strong quarter, with volumes for the third quarter 1% higher year-on-year, Anglo CE Mark Cutifani commented on Tuesday. “Production per employee has increased by 5% [so far this... 

Anglo’s portfolio performs well in Q3
Photo by Bloomberg
Anglo American CE Mark Cutifani

Brazilian pension fund Previ won't sell Vale shares before year end

By: Reuters     23rd October 2018 Brazilian pension fund Previ, one of iron ore miner Vale SA's largest shareholders, will not sell part of its stake before the year ends, its CEO said on Monday. Speaking on the sidelines of a conference in Rio de Janeiro, CEO Jose Mauricio Coelho said the fund intended to reduce its stake in... 

Glencore CEO said to tell investors he'll retire in 3 to 5 years  

By: Bloomberg     22nd October 2018 Ivan Glasenberg, who built Glencore into a dominant force in commodities trading and became the face of the industry, told investors he plans to retire in three to five years, according to people familiar with the matter. Glasenberg discussed his succession plan in recent meetings and said he has... 

Glencore CEO said to tell investors he'll retire in 3 to 5 years
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Merafe Resources says output from joint venture with Glencore up 20%

By: African News Agency      19th October 2018 Mining company Merafe Resources said on Friday its ferrochrome production from the Glencore Merafe Chrome Venture for the third quarter ended 30 September 2018 increased by 20% to 84 000 t compared with the same period in 2017. Merafe said the increase was as a result of less planned maintenance... 

Marginal increases in lead, zinc demand expected in 2019

By: Nadine James     19th October 2018 In a report released last week, the International Lead and Zinc Study Group forecast that there would be marginal increases in demand for lead and zinc in 2019.  The ILZSG forecasts that global lead demand will  rise by  0.7% to 11.79-million tonnes in 2019, compared with the 11.71-million tonnes... 

Marginal increases in lead, zinc demand expected in 2019
Photo by Bloomberg
USURPER Lead demand is expected to fall on the back of increased lithium-ion battery penetration and slower growth in the automotive sector

SRK Ghana expanding into other West African markets

By: Nadine James     19th October 2018 As the economic mood in the global mining industry turns towards the better, SRK Consulting’s Accra office, in Ghana, has been making inroads into new markets in Côte d’Ivoire and Togo, SRK Ghana country manager John Kwofie noted in a release last week. He believes that there is potential for... 

SRK Ghana expanding into other West African markets
JOHN KWOFIE The Ghana office is a springboard to other countries in the region

Synfuels, manganese production train and Morila mine make headlines  

18th October 2018 This week Mining Weekly editor Martin Creamer unpacks South Africa’s synfuels know-how, Transnet’s manganese production train and Morila mine’s agribusiness conversion. 

Synfuels, manganese production train and Morila mine make headlines
Synfuels, manganese production train and Morila mine make headlines
First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Press Office

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close