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Diversified Miners News

Rio launches $2.5bn share buy-back

By: Esmarie Swanepoel     22nd September 2017 Diversified major Rio Tinto will spend an additional $2.5-billion on its ongoing share buy-back programme, funded by the recent sale of its Coal & Allied subsidiary to ASX-listed Yancoal. The capital return programme will be executed through a combination of an off-market buy-back tender,... 

Giant miner vies with Google, GE, for hires amid automation push

By: Bloomberg     22nd September 2017 Rio Tinto, the world’s second-largest mining company, is focused as much on driver-less trucks and automated drills as conventional shovels and loaders these days. That means it needs a whole lot more high-tech workers. The London-based company is stepping up efforts to lure engineers and... 

Giant miner vies with Google, GE, for hires amid automation push

South32 adds to board

By: Esmarie Swanepoel     22nd September 2017 Diversified miner South32 has made two additions to its board of directors, with the appointment of Dr Xiaoling Liu and Karen Wood as independent nonexecutive directors. Xiaoling will join the South32 board on January 15, and will seek election at the company’s next annual general meeting,... 

Companies find use for abandoned underground coal mines

By: Nica Schreuder     22nd September 2017 Forsaken underground coal mines are increasingly being reopened using opencast mining methods, according to independent mining advisory group Ukwazi senior mining engineer Adriaan Strydom, who tells Mining Weekly that this practice is effectively enabled through increased mechanisation. While an... 

Companies find use for abandoned underground coal mines
Photo by Bloomberg
SECOND CHANCE The trend of returning to underground mines and turning them into opencast mines is a cost-effective alternative to exploration

Electricity exports create investment opportunity for S Africa

By: Nica Schreuder     22nd September 2017 Power generation stakeholders and key industry players are investigating ways of deriving the most benefit from lower coal qualities, says independent mining advisory company Ukwazi senior mining engineer Adriaan Strydom, who tells Mining Weekly that companies are implementing new technologies to... 

Electricity exports create investment opportunity for S Africa
Photo by Bloomberg
LEGISLATION DERAILING Rail infrastructure is crucial in Africa and South Africa, but can only be finalised once legislation surrounding independent power producers is finalised

Fuel cell opportunity to save platinum mining

By: Simone Liedtke     22nd September 2017 With platinum being one of the most effective and durable catalysts in proton exchange membrane fuel cell technology (PEMFC), fuel cell and electrolyser technology developer Isondo Precious Metals (IPM) CEO Vinay Somera believes that this presents an opportunity for the South African platinum... 

Fuel cell opportunity to save platinum mining
Photo by Duane Daws
VINAY SOMERA The drive to zero emissions also represent the “single biggest opportunity” for the industry

Master Drilling aiming to extend geographical, technological diversification

By: Mia Breytenbach     22nd September 2017 Raise-boring and drilling solutions provider Master Drilling continues to extend its service provision capacity and technology reach, with the company focusing on diversifying into new markets and industries and advancing technologically. “Diversification across geographies, commodities,... 

Master Drilling aiming to extend geographical,  technological diversification
KEY COMPONENT Master Drilling aims to grow business not only in underground mining, but also in openpit mining, which makes up the majority of mining

MHSC’s centre of excellence set to open in November

By: Ilan Solomons     22nd September 2017 The Mine Health and Safety Council (MHSC) is currently implementing a business plan for its centre of excellence, which is scheduled to open by the end of November. This is according to MHSC research COO Nkhensani Masekoa, who was addressing delegates at Southern African Institute of Mining and... 

MHSC’s centre of excellence set to open  in November
Photo by Creamer Media image
NKHENSANI MASEKOA The centre of excellence will seek to undertake research, build capacity and facilitate research outcomes for the South African mining sector

Minerals processing business bullish about future, despite industry challenges

By: Nica Schreuder     22nd September 2017 Based on substantial growth over the past 12 years, mining and industrial services provider Fraser Alexander’s minerals processing business intends to double its revenue within the next three to five years, says Fraser Alexander minerals processing GM Jaco Scholtz. “We are particularly proud of... 

Minerals processing business bullish about future, despite industry challenges
ALL ENCOMPASSING Fraser Alexander is able to service clients across the coal washing and processing value chain

Platinum mining to play role in emerging sector

By: Simone Liedtke     22nd September 2017 With there being a global increase in demand for all fuel cells, with low temperature platinum bearing fuel cells seeing the largest increase in market pull, independent analysis and advisory firm 4th Energy Wave CEO Dr Kerry-Ann Adamson believes that this creates an increasing opportunity for... 

Platinum mining to play role in emerging sector
Photo by HyPlat
HYPLAT A fuel cell company which uses indigenous developed technology

Platinum-group metals producer aiming to increase fuel cell demand

By: Simone Liedtke     22nd September 2017 To increase demand in the fuel cell (FC) industry, platinum group metals producer Impala Platinum (Implats) aims to take its Impala Platinum Refinery off the State-owned power utility Eskom grid and power the refinery using FC technology, with commercial operation of its first phase aimed to... 

Platinum-group metals producer aiming to increase fuel cell demand
FAHMIDA SMITH The development of the 8 MW fuel cell is an exciting development in Implats’ move towards a carbon-neutral fuel source at its refinery

Real-time analysis aids coal mining efficiency

     22nd September 2017 To avoid incorrect plant control decisions and plant inefficiencies, technologies that measure mining process streams must be implemented directly and in real time. Australia-based bulk materials monitoring company Scantech uses real-time analysis technologies to measure conveyed bulk materials... 

Real-time analysis aids coal mining efficiency
REAL-TIME EFFICIENCY The COALSCAN 9500X is installed on the conveyor and only takes up one metre of belt space

Surge in fuel cell demand would aid platinum’s future

By: Simone Liedtke     22nd September 2017 As a means of promoting beneficiation, South African Chamber of Mines (CoM) administration head Jeannette Hofsajer says the platinum-based fuel cell installed at its offices is just the start in a potentially vast surge in demand for fuel cell units, which would positively impact on the platinum... 

Surge in fuel cell demand would aid platinum’s future
FACING RESISTANCE Using fuel cells to replace petrol and diesel power is facing consumer resistance

Technological advances aim to improve sustainability

By: Nica Schreuder     22nd September 2017 Owing to the possible presence of hazardous methane gas during coal mining, it is common practice to monitor methane levels at operational mining sections. As such, mining monitoring systems company Monitech’s Hazardous Area Control System was introduced to coal mining fifteen years ago and it... 

Technological advances aim to improve sustainability
CUSTOMISED PROJECTS Every Exxaro project is customised, owing to possible environmental constraints

Resources Watch  

     21st September 2017 Metso showcases ongoing commitment to servicing South African mining sector; and, systems water intensive, but more efficient and environment friendly 

Resources Watch
Resources Watch

Mining's biggest mystery is what Agarwal plans to do with Anglo

By: Bloomberg     21st September 2017 As Anglo American’s board met at the lavish Vergelegen wine estate in South Africa yesterday evening as part of a 100-year celebration, executives were blindsided by news headlines: Indian mining tycoon Anil Agarwal was becoming the biggest shareholder. After Anglo’s managers partied to honor the... 

Mining's biggest mystery is what Agarwal plans to do with Anglo

Further investment in Anglo by majority shareholder of Vedanta

By: Martin Creamer     21st September 2017 Vedanta head Anil Agarwal has once again hit the headlines by announcing an intended further personal investment in Anglo American through Volcan Investments, which is the majority shareholder of Vedanta Resources. Volcan announced on Wednesday that it intended investing £1.25-billion to... 

Further investment in Anglo by majority shareholder of Vedanta
Photo by Bloomberg
Vedanta head Anil Agarwal

Glencore strikes multi-year purchase deal with Angola LNG

By: Reuters     20th September 2017 Trading house Glencore is to buy liquefied natural gas (LNG) supplies from Angola LNG over a multi-year period, adding to similar recent deals between the producer and traders including Vitol. Angola LNG on Wednesday said the deal was another step toward building its sales book with the most... 

BHP says it paid $4.7bn in global taxes

By: Esmarie Swanepoel     20th September 2017 Mining major BHP paid some $4.7-billion in global taxes and royalties in the 2017 financial year, with a further $1.2-billion payable to the Australian government in corporate tax income payments before the end of the calendar year. Australian taxes, royalties and other payments accounted for... 

BHP says it paid $4.7bn in global taxes

BHP pressed to quit Australian mining lobby over climate views

By: Reuters     19th September 2017 BHP on Tuesday urged shareholders to vote down a resolution aimed at getting the mining giant to quit Australia's top mining lobby group, but said it will separately review its membership of industry bodies. BHP agreed to let shareholders vote on the resolution submitted by an ethical investing... 

Deterrence, prevention critical for miners in fight against fraud

By: Henry Lazenby     18th September 2017 Fraud is a significant burden on the mining industry and is likely to cost companies an average of 5.85% of turnover every year. Therefore, catching it before it happens is often the best weapon to combat this scourge. This figure is based on 20 years of data across more than 40 sectors,... 

Deterrence, prevention critical for miners in fight against fraud

Black Mountain divests of silver assets to focus on vermiculite

By: Esmarie Swanepoel     18th September 2017 ASX-listed junior Black Mountain Resources has divested of its non-core US silver assets, in a bid to focus its attention on its Namakara vermiculite mine, in Uganda. The company on Monday told shareholders that it had divested of its 70% stake in two prospective US silver mines in Montana and... 

African copper, nickel mines on Coal India radar as miner diversifies

By: Ajoy K Das     18th September 2017 Having decided to evolve into a diversified resource major from a pure play coal miner, Coal India Limited (CIL) has identified copper and nickel mines in Africa for its maiden overseas foray into noncoal minerals. KPMG has been appointed to prepare the roadmap that will see CIL emerge as a... 

Rio Tinto CFO to retire next year

By: Creamer Media Reporter      15th September 2017 Diversified miner Rio Tinto announced on Friday that Chris Lynch would retire as CFO by the end of September next year. Lynch joined the Rio Tinto board in September 2011 and was appointed CFO in April 2013. 

Shift in mining finance sources for mid-caps, juniors expected – BMI

By: Schalk Burger     15th September 2017 Market research multinational BMI Research reported on Thursday that there would be a shift in the status quo of mining finance sources, as mineral prices stabilise and edge higher over the coming years. “Majors will continue to rely on equity and debt financing. Mid-cap and small-cap companies,... 

South32 ups stake in Arizona Mining

By: Esmarie Swanepoel     15th September 2017 Diversified miner South32 will acquire an additional 15-million shares in TSX-listed Arizona Mining, taking its share in the Canadian company to 19.9%. South32 in May this year acquired an initial 45-million shares, or a 15% interest in Arizona Mining for an investment of C$110.3-million. 

South32 ups stake in Arizona Mining

South African companies to seek mining opportunities in China

By: African News Agency      15th September 2017 The minister of trade and industry, Rob Davies, said on Friday that China has agreed to support South Africa and Africa’s initiatives of industrialisation and mineral beneficiation as the country embarks on a drive to better exploit its mineral resources. Davies said in a statement that that... 

Platinum body expects market to maintain balance this year

By: Mia Breytenbach     15th September 2017 The platinum market is expected to remain in fundamental balance, albeit with a small 15 000 oz deficit for this year, the World Platinum Investment Council’s (WPIC’s) latest ‘Platinum Quarterly’ report shows. The report, published earlier this month, incorporates analysis of platinum supply and... 

Platinum body expects market to maintain balance this year
Photo by Bloomberg
SECTOR STRENGTH There is continued resilience of platinum demand from the automotive sector, as well as from the platinum jewellery sector

Avalon intent to cash in on rapidly rising technology metal demand

By: Henry Lazenby     15th September 2017 A whole new world for lithium demand has aspiring technology metals firm Avalon evaluating its options to cash in on the red-hot industry, with the company patiently advancing three projects in its portfolio that will benefit from higher metals prices. Just this week, new evidence was provided... 

Avalon intent to cash in on rapidly rising technology metal demand
Photo by Reuters
Lithium-ion batteries in the manufacturing process. Demand for lithium is expected to outstrip supply from 2019 onwards

800 000 t copper output by year-end conservative estimate

By: Simone Liedtke     15th September 2017 Copper production in Zambia will reach just more than 800 000 t by the end of this year as the country is taking steps to regain its position as Africa’s leading copper producer, according to Zambia Chamber of Mines (CoM) initiative Mining for Zambia (MFZ). “This is a conservative estimate,... 

800 000 t copper output by year-end conservative estimate
DRAWING DOLLARS $12.4-billion was invested in new mining ventures in Zambia from 2000 to 2014 by just six mining companies

Establishing connectivity, visibility critical to economic growth

By: Simone Liedtke     15th September 2017 The mining sector remains crucial to the economic growth of many African countries, including copper-dependent Zambia, and, as such, it is important that foreign mining companies operating in these countries can improve the performance of their mining assets to ensure their continued economic... 

Establishing connectivity, visibility critical to economic growth
STEPHEN DU PREEZ Mines will be transitioning from manual to autonomous operations, with a higher reliance on digitalisation

German companies to display digital solutions for Zambian mines

By: Simone Liedtke     15th September 2017 Nonprofit organisation, the Southern African-German Chamber of Commerce and Industry, is aiming to invite more German companies to Zambia to display digital solutions for mining and Industry 4.0, following the success of its German-Zambian Business Forum. SA-German Chamber Lusaka office head... 

German companies to display digital solutions for Zambian mines
BUSINESS FIRST The first German-Zambian Business Forum was held in Lusaka, Zambia, earlier this year to strengthen economic ties between Germany and Zambia

Hydrogen detection solutions to increase safety at Zambian mines

By: Simone Liedtke     15th September 2017 Tshwane-based industrial solutions provider RTS Africa Engineering (RTS) believes that Zambia offers a “strong and vibrant mining economy” and is currently in the process of entering the Zambian mining market to provide increased safety at mines through its hydrogen detection solutions. 

Hydrogen detection  solutions to increase safety at Zambian mines
HIGHLY VERSATILE The H2Scan Hy-Alerta 500 instrument is a “highly versatile” hand-held detection device

Industrial solutions provider aiming to benefit Zambia’s mines

By: Simone Liedtke     15th September 2017 Industrial solutions provider RTS Africa Engineering (RTS) states that air compressors used in the mining industry – including in Zambia – are, for the most part, well-proven, reliable pieces of equipment that can operate for years with relatively little maintenance. 

Industrial solutions provider aiming to benefit Zambia’s mines
EFFECTIVE SUPPLY The use of a spin filter is a truly effective means of feeding clean air at ambient temperatures

Kalumbila facility will service global mining industry

     15th September 2017 By the first quarter of 2018,  a building site in Kalumbila, in North-Western province, in  Zambia, will be transformed into a $40-million manufacturing facility that will produce high-quality mill-balls for mines in Zambia, neighbouring countries and the world market, says Zambia Chamber of... 

Kalumbila facility will service global mining industry
TANGIBLE EXCITEMENT There’s a tangible feeling of excitement in the air at Kalumbila with the coming of the ME Elecmetal plant

Mining industry urged to do more to prevent further fatalities in 2017

By: Ilan Solomons     15th September 2017 The recent spike in fatalities at South African mines, with the most recent occurring at Harmony Gold’s Kusasalethu mine, near Carletonville, should serve as a timely reminder to the mining industry that a significant step change in health and safety practices is needed to ensure the goal of zero... 

Mining industry urged to do more to prevent further fatalities in 2017
Photo by Creamer Media image
MTHOKOZISI ZONDI Despite the decrease in fatalities and injuries at mines in recent years, a lot more needs to be done to ensure the ending of injuries and fatalities at mines

New bulk materials solution supplied to Kansanshi

By: Simone Liedtke     15th September 2017 Bulk materials handling solutions provider Martin Engineering introduced the company’s newest primary cleaner offering, the CleanScrape, to Zambia, following its launch at Electra Mining, which was held at the Nasrec Expo Centre, in Johannesburg, last year. The primary cleaner has been supplied... 

New bulk materials solution supplied to Kansanshi
CLEANSCRAPE The primary cleaner has been supplied to mining company First Quantum Minerals’ Kansanshi mine

Nitrogen generator offers Zambian mines extended tyre life

By: Simone Liedtke     15th September 2017 There are several opencast mines on the Copperbelt in Zambia using large haul trucks to transport ore from the pit for crushing and processing, and extending the life of tyres plays a significant role in cutting costs and improving production, says on-site nitrogen gas generator supplier NitraLife. 

Nitrogen generator offers Zambian mines extended tyre life
NITROGEN GENERATOR Minimal maintenance is needed to keep the NitraLife generator operating effectively
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