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Diversified Miners News

Vale intensifies CEO search as Ferreira to quit, sources say

By: Reuters     Updated 6 hours ago Vale has stepped up the search for a new CEO as Murilo Ferreira announced his departure, signalling efforts by some top shareholders to shield the world's No 1 iron producer from political interference, three people with direct knowledge of the situation said on Friday. Earlier in the day, Rio... 

Bushveld signs BEE deal to complement Vametco acquisition

By: Megan van Wyngaardt     24th February 2017 Aim-listed Bushveld Minerals has agreed to facilitate a change in the ownership of one of Evraz Vametco's black economic empowerment (BEE) partners. Bushveld will support Jaxson 640's acquisition of a controlling interest in the BEE shareholdings in Vametco, which will take place alongside its... 

Kibo, Metal Tiger call it quits on JV projects

By: Megan van Wyngaardt     24th February 2017 Dual-listed Kibo Mining has terminated joint venture (JV) activities with Metal Tiger at the Pinewood and Morogoro mines, in Tanzania. The companies will also relinquish the mine licences back to the local authorities. 

Global mining-sector resurgence predicted 

By: Ilan Solomons     24th February 2017 Given that the global economy is expected to grow by 3.4% this year and 3.5% in 2018, the health of global macroeconomics is good, which bodes well for a resurgence in the global mining industry during the course of this year. This is according to Standard Bank mining and metals research head Tim... 

Global mining-sector resurgence predicted
Standard Bank's Tim Clark and Sandra du Toit discuss their perceptions of the state of the global mining sector and give their predictions for the year ahead.

Vale hits profit home run on strong production, rising iron-ore prices

By: Henry Lazenby     23rd February 2017 Brazil’s Vale, the world’s largest iron-ore producer, has swung back into the black with a net profit of $3.98-billion for 2016, boosted by higher iron-ore prices and record output. This represents a significant swing from a loss of $12.13-billion in 2015. 

Vale hits profit home run on strong production, rising iron-ore prices
Photo by Vale
Vale reported record 2016 iron-ore production, set to increase this year as the world's biggest iron-ore, S11D, mine ramps up

Analysts acclaim Glencore’s performance as good fundamentals return

By: Martin Creamer     23rd February 2017 Commodity market fundamentals are improving against a backdrop of better than expected demand and limited, if any, inventory build through the trough of the cycle, diversified mining and marketing company Glencore said on Thursday. This comes against the background of the London-, Hong Kong- and... 

Analysts acclaim Glencore’s performance as good fundamentals return
Glencore CEO Ivan Glasenberg

Commission warns South32’s Metropolitan acquisition may harm Australian steelmakers

By: Esmarie Swanepoel     23rd February 2017 The Australian Competition and Consumer Commission (ACCC) has raised concerns around diversified miner South32’s $200-million acquisition of the Metropolitan mine. South32 in November 2016 struck a deal with US miner Peabody Energy to acquire the Metropolitan mine, as well as Peabody’s 16.67%... 

Juniors struggling to survive amid several stumbling blocks

By: Dylan Slater     22nd February 2017 Various challenges are threatening the existence of junior miners in South Africa, mining and resources growth specialist company To-The-Point Growth Specialists partner Bernard Swanepoel told guests at the thirty-fifth edition of mining networking platform, Africa Mining Network (AMN), on... 

Juniors struggling to survive amid several stumbling blocks
Photo by Duane Daws
Bernard Swanepoel

BC confirms mineral exploration tax credits in 5th balanced budget

By: Henry Lazenby     22nd February 2017 The British Columbia provincial government on Tuesday unveiled its fifth consecutive budget in the black, confirming critical fiscal supports for the mineral exploration industry, previously unveiled by Liberal Premier Christy Clark. The 2017/18 budget, which is expected to run a C$295-million... 

BC confirms mineral exploration tax credits in 5th balanced budget
Photo by Geoscience BC
The British Columbia provincial government has confirmed critical fiscal supports for the mineral exploration industry, previously unveiled by Liberal Premier Christy Clark

Giyani sees ‘company maker’ potential in Botswana manganese claims

By: Henry Lazenby     21st February 2017 Canadian junior explorer Giyani Gold is strategically repositioning to take advantage of the rising tide in the energy metals market. After dabbling in several project opportunities in recent years, including an oil and coal infrastructure opportunity in Turkey, and gold exploration in... 

Giyani sees ‘company maker’ potential in Botswana manganese claims
Photo by Duane Daws
Giyani Gold executive chairperson and CEO Duane Parnham believes the company's manganese prospects in Botswana hold “company maker” potential

Anglo targets further $1bn in cost, volume improvements in 2017

By: Ilan Solomons     21st February 2017 Diversified miner Anglo American is this year seeking an additional $1-billion in incremental net cost and volume improvements, while also aiming to return to an investment-grade credit rating and resume dividend payments. The group has already identified 75% of these targeted net cost and volume... 

Anglo targets further $1bn in cost, volume improvements in 2017
Anglo American is aiming to have capital expenditure maintained at $2.5-billion and stay-in-business capital increased to $1.2-billion in 2017

Independence swings to H1 profit, warns of Nova ramp-up delay

By: Esmarie Swanepoel     21st February 2017 Diversified metals miner Independence Group has swung back to a profit in the six months ended December 31, on the back of higher underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) and revenue. Profit for the half-year reached A$202-milion, compared with a loss of... 

BHP ready to overcome global uncertainties – Mackenzie

By: Esmarie Swanepoel     21st February 2017 Mining major BHP Billiton has more than doubled its net profit to $3.2-billion for the six months ended December 31. This was up 157% from the $7-billion loss reported in the six months to December 31, 2015. 

BHP ready to overcome global uncertainties – Mackenzie
Photo by Bloomberg
BHP CEO Andrew Mackenzie

Vale scraps controlling bloc, merges shares in major transparency move

By: Reuters     20th February 2017 Vale SA plans to become a company with no defined controlling shareholder as soon as possible, in a landmark step aimed at enhancing transparency and equal rights for all shareholders in the world's largest iron-ore producer. In a Monday statement, Vale said controlling shareholders grouped under... 

South32, AusQuest partner on exploration in Australia, Peru

By: Esmarie Swanepoel     20th February 2017 Diversified miner South32 has struck a strategic alliance agreement (SAA) with ASX-listed AusQuest to develop a pipeline of exploration opportunities. Under the terms of the SAA, AusQuest will generate and secure prospective early-stage exploration opportunities, which will then be offered to... 

South32, AusQuest partner on exploration in Australia, Peru

Asa delivers mixed quarter as Trojan weighs on performance

By: Natasha Odendaal     17th February 2017 London-listed Asa Resources has delivered a mixed performance in the third quarter as commodity prices declined and some lingering operational difficulties persisted at its Trojan nickel mine, in Zimbabwe. However, the company has implemented several mitigating measures to deal with the... 

Convention aims to bridge communication gap

By: Simone Liedtke     17th February 2017 As a continually evolving industry that operates globally, sometimes the biggest difficulty for the mining industry is getting the right people together in one place to discuss their challenges and find ways to address and, ultimately, overcome them, says Prospectors and Developers Association of... 

Convention aims to bridge communication gap
EIGHTY-FIFTH CONVENTION Prospectors and Developers Association of Canada's 2017 convention will feature more than 400 exhibitors at the investors exchange and 500 at the trade show

Critical minerals project awaits funding for construction

By: Simone Liedtke     17th February 2017 With cobalt trading above $17/lb and trending higher toward longer-term averages, project developer Fortune Minerals saw this as an opportune time to secure the project financing needed to build its Nico project, in Canada. 

Critical minerals  project awaits funding for construction
COBALT SULPHATE Cobalt-based lithium-ion battery chemistries deliver superior energy density for power and performance

Digitisation of project management imperative for project success

By: Victor Moolman     17th February 2017 Business management consultant SSG Consulting will continue to focus on project management and execution as its core business this year, with the intent of increasing its drive to further improve operational throughput of organisations and projects by 30% to 50%, despite the challenges facing the... 

Digitisation of project management imperative for project success
Photo by Duane Daws
MINE UPGRADES The adoption of big data, cloud, business intelligence, artificial intelligence, mobile technology and the digitisation of business will be the primary driver of successful organisations over the next five years

Engineering design for DRC tin mine completed

By: Dylan Slater     17th February 2017 Tin miner Alphamin Resources Corporation has completed the front-end engineering design (Feed) and control budget estimate (CBE) for its Democratic Republic of Congo- (DRC-) based Bisie tin project, in which it has an 80.75% stake. The miner says the completion of the Feed programme and... 

Engineering design for DRC tin mine completed
BORIS KAMSTRA The completion of the front-end engineering design programme and associated control budget estimate confirms the robust economic metrics and potential of the Bisie tin project

Group to split to improve customer focus

     17th February 2017 Swedish sustainable productivity solutions provider Atlas Copco will create a new company focused on mining and civil engineering, should it receive backing at its annual general meeting in April. 

Group to split to improve customer focus
STREGTHENING FOCUS Mining and Rock Excavation Technique and Construction Tools are expected to benefit from a more focused management responsibility

Localised conveyor belt supply to boost operational efficiencies

By: Simone Liedtke     17th February 2017 Over the past three to four years, metal prices have dropped precipitously and North American mining operators have been forced to implement more operational efficiencies, states conveyor belt vulcaniser product provider Shaw Almex CEO Tim Shaw. 

Localised conveyor belt supply to boost operational efficiencies
CONVEYOR BELT SOLUTION Many operators have turned to offshore conveyor belt suppliers, resulting in premature product failures and unreliable supply

Modest growth forecast for US iron-ore demand

By: Simone Liedtke     17th February 2017 Advisory and consultancy firm the AME group forecasts modest growth in US iron-ore demand over the next three to five years, based on a recovering domestic economy. 

New US President may benefit the resources sector

By: Henry Lazenby     17th February 2017 While US President Donald Trump is likely to lower US corporate taxes, bringing US dollars back into the country and rebuilding American infrastructure through a massive $1-trillion spending programme, Trump is coming in at the “US midnight” Euro Pacific Capital analyst Peter Schiff says. Markets... 

New US President may benefit the resources sector

Rehabilitation plan important for proper project management

By: Victor Moolman     17th February 2017 Rehabilitation should be included and budgeted for in a project’s initial mine plan to ensure proper project management over the entire mine life cycle, says nonprofit organisation Land Rehabilitation Society of South Africa (LaRSSA) president Raina Hattingh. 

Rehabilitation plan important for proper project management
Photo by Victor Moolman
OFTEN NEGLEGTED Unfortunately, the need for including rehabilitation components early on in mine plans is often neglected in South Africa

Streamlined, transparent system key to unlocking Africa’s mineral resources value – AU

By: Ilan Solomons     17th February 2017 It is vitally important that African mining industry stakeholders start initiating dialogue towards building a more well governed and progressive minerals sector that will contribute to the continental vision of resource led industrial development guided by the Agenda 2063, urged outgoing African... 

Streamlined, transparent system key to unlocking Africa’s  mineral resources value – AU
FATIMA HARAM-ACYL The AU’s Agenda 2063 ‘clearly and specifically’ calls for coordinated, coherent and harmonised approaches in harnessing Africa’s mineral resources

Three-deck screener now includes rinser

     17th February 2017 Ohio, US-based mobile crushing and screening equipment manufacturer IROCK Crushers has redesigned its TS-522 TD track portable screening plant to include a rinser. 

Three-deck screener now includes rinser
IROCK RINSER Users can set up the unit in as little as 20 minutes using hydraulically powered features such as conveyors and easy-to-use controls

Trump’s shadow loomed large at Mining Indaba as potential FDI positives predicted

By: Ilan Solomons     17th February 2017 The uncertainties surrounding geo-economic trends including Brexit, Donald Trump wining the US elections and increasing efforts by China to dominate the global economy may not bode well for global political stability. However, Africa’s mining industry could well see favourable spin-offs from... 

Trump’s shadow loomed large at Mining Indaba  as potential FDI positives predicted
TRUMP FACTOR While still only the early days of the Trump administration, it has to date resulted in a ‘tumultuous’ period in global economic activity

Major South African coal extension project on cards – South32

By: Martin Creamer     16th February 2017 A decision will be taken in the June quarter on go-ahead for the Klipspruit Life Extension coal project in Mpumalanga, which is said to have robust economics. The original BHP Billiton capital expenditure (capex) of $500-million-plus for the two-year development has been more than halved under... 

Major South African coal extension project on cards – South32
South32 CEO Graham Kerr

Grant King joins BHP board

By: Esmarie Swanepoel     16th February 2017 Mining major BHP Billiton has appointed Grant King as independent nonexecutive director, effective March 1. Between 2000 and 2016, King served as the MD and CEO of Australian oil and gas major Origin Energy, and is currently the president of the Business Council of Australia. 

South32 swings to H1 profit on stronger commodity prices

By: Esmarie Swanepoel     16th February 2017 Diversified miner South32 has reported a massive surge in underlying earnings to $479-million for the six months to December 31, compared with $26-million in the previous corresponding period. “The disciplined application of our strategy and stronger commodity prices underpinned a significant... 

South32 swings to H1 profit on stronger commodity prices
South32 CEO Graham Kerr

Barrick lifts dividend as earnings beat forecast

By: Henry Lazenby     16th February 2017 VCanada’s Barrick Gold, the world’s largest gold producer by volume, announced on Wednesday that it has made significant progress on initiatives to repair its debt-laden balance sheet, declaring a higher dividend to shareholders and renewing its focus on exploration spending. The Toronto-based... 

Barrick lifts dividend as earnings beat forecast

African States wary of potential repeal of 'conflict minerals' rule

By: Reuters     15th February 2017 A possible plan by US President Donald Trump to suspend a rule on "conflict minerals" could help fund armed groups and contribute to a surge in unrest in central Africa, regional states said on Wednesday. Sources told Reuters last week that Trump planned to issue a directive targeting a... 

Botswana chamber adopts Canada’s sustainable mining programme

By: Henry Lazenby     14th February 2017 The Botswana Chamber of Mines (BCM) has announced that it will adopt the Towards Sustainable Mining (TSM) initiative, a corporate social responsibility programme developed by the Mining Association of Canada (MAC) to improve environmental and social practices in the mining industry. This is first... 

Botswana chamber adopts Canada’s sustainable mining programme

Kumba applying exploration-to-beneficiation technology 

By: Martin Creamer     14th February 2017 South Africa’s biggest iron-ore mining company Kumba Iron Ore intends maximising the return potential of its assets through productivity initiatives, accompanied by ongoing robust cost management. It intends ensuring disciplined capital allocation, prioritising the reinstatement of dividend... 

Kumba applying exploration-to-beneficiation technology
Mining Weekly Online’s Martin Creamer at the Kumba Iron Ore results presentation by CEO Themba Mkhwanazi and outgoing CFO Frikkie Kotzee. Video and Video Editing: Nicholas Boyd.

Parker to step down as Anglo chair after eight years

By: Megan van Wyngaardt     14th February 2017 Anglo American chairperson Sir John Parker intends to step down from the company’s board after eight years in the position. His departure will be effective during the year. “Having seen Anglo American emerge in a strong position from the mining industry downturn, with its sharp falls in commodity... 

Glencore’s DRC copper top-up wins analyst cheer

By: Martin Creamer     14th February 2017 Diversified mining and marketing company Glencore has bought the remaining 31% stake in Mutanda Mining for $922-million and a further 10.25% stake in Katanga Mining for $38-million from Dan Gertler’s Fleurette Group, the company’s joint venture partner. The all-cash transaction will result in... 

Glencore’s DRC copper top-up wins analyst cheer
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Glencore consolidates DRC copper asset ownership

By: Henry Lazenby     13th February 2017 Global diversified miner Glencore has increased its holding in copper assets in the Democratic Republic of Congo (DRC) after buying a 31% interest in Mutanda Mining from billionaire mining tycoon Dan Gertler’s Fleurette Group and a 10.25% stake in Katanga Mining. Glencore paid Fleurette... 

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