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Junior miners urged to consolidate to enhance survival chances in current environment

By: Anine Vermeulen Junior miners continue to play an increasingly important role in the growth of mining assets through exploration on the African continent and, as emerging producers, constitute an important component of the minerals production chain. However, they face mounting challenges regarding their... 

Junior miners urged to consolidate to enhance survival chances in current environment

By: Anine Vermeulen Junior miners continue to play an increasingly important role in the growth of mining assets through exploration on the African continent and, as emerging producers, constitute an important component of the mineral production chain. However, they face mounting challenges regarding their survival,... 

Junior miners urged to consolidate to enhance survival chances in current environment

Mining M&A hits 10-year low, deal activity likely to remain subdued

By: Esmarie Swanepoel Transaction volumes in the mining and metals sector reached a 10-year low in 2014, with transactions driven by divestments and forced sales in the face of falling commodity prices and risk-averse capital markets. It was fourth consecutive year of declining merger and acquisition (M&A) activity... 

Mining M&A hits 10-year low, deal activity likely to remain subdued

Zim tungsten project’s preproduction capital estimate revised to $4.1m

By: Ilan Solomons An implementation study report on the low-capital openpit start-up strategy for multicommodity natural resource company Premier African Minerals’ RHA Tungsten project, in Zimbabwe, has determined a lower estimated preproduction capital cost of $4.15-million. In October last year, the Aim-listed... 

Anglo may record noncash impairment charges in price plunge parry

By: Martin Creamer Given the sharply lower commodity price environment, particularly for bulk commodities, Anglo American said on Wednesday that it expected to record noncash impairment charges in its 2014 results. The London- and Johannesburg-listed diversified major, headed by CEO Mark Cutifani, added in a media... 

Anglo may record noncash impairment charges in price plunge parry
Mark Cutifani

Mining boosts world’s poorest regions – ICMM

By: Martin Creamer The global mining industry makes its biggest contribution in the world’s poorest regions, an International Council on Mining & Metals (ICMM) study has found. The study, which became available in published form on Tuesday, finds that mining spurs the growth and development of national economies... 

Mining boosts world’s poorest regions – ICMM
Photo by Duane Daws
Anthony Hodge

Mining companies suffer $70bn in impairment losses – report

A recent survey revealed that major global mining companies had suffered impairment losses of $70-billion in 2013/14, reflecting the impact of the current low commodity price cycle. The ‘Mining Financial Reporting Survey 2014’, compiled by financial services firm KPMG, further revealed that... 

Mining companies suffer $70bn in impairment losses – report

South African mediators say new laws will help resolve strikes faster

By: Reuters South Africa's main agency for settling labour disputes voiced confidence on Monday that it now has more leverage to bring an early end to strikes like those that dragged on for months last year, undermining economic growth. Nerine Kahn, director of the Commission for Conciliation, Mediation and... 

South African mediators say new laws will help resolve strikes faster

Eskom must go for stability before improvement – GE 

By: Martin Creamer Troubled South African State power utility Eskom should place emphasis on stability ahead of improvement, GE chairperson and CEO Jeffrey Immelt suggested on Monday. Speaking at the Gordon Institute of Business Science (GIBS) in Johannesburg, the head of the 137-year-old, 350 000-employee US... 

Eskom must go for stability before improvement – GE
GE chairperson and CEO Jeffrey Immelt

Assets managed by ETFs to double to $5-trillion by 2020 – PwC

By: Reuters Assets under management of exchange traded funds (ETFs) will double to at least $5-trillion by 2020, consultant PwC said on Monday, as investors increase exposure to such products given their lower costs than traditional mutual funds. "Institutional investors are widely expected to be the primary... 

Assets managed by ETFs to double to $5-trillion by 2020 – PwC

Labor raises concern over proposed New Acland overturn, Fifo ban

By: Esmarie Swanepoel The Queensland Resources Council (QRC) on Friday added to the growing concern around what a win for the Labor party in the Queensland elections would mean for the resources sector. The QRC was responding to news that the Labor government, if voted into power, would look to overturn approvals for... 

Consulting firm to launch industry reports

By: Bruce Montiea Consulting and risk management firm Deloitte will launch three industry reports detailing the state and the future of mining in Africa, and mining trends on the continent at this year’s Investing in African Mining Indaba, which will take place at the Cape Town International Convention Centre... 

Consulting firm to launch industry reports
ANDREW LANE Attending the Investing in African Mining Indaba will enable Deloitte to better understand the challenges that its clients face, thereby enabling the company to better service their needs

Mine project successes lead to significant client base, follow-on work

By: Mia Breytenbach Having noted the significant achievements and success of its involvement in several significant mining mega-projects in 2014, project management firm SSG Consulting says all these projects have resulted in follow-on work and the gaining of significant clients in mining-related industries. These... 

Mine project successes lead to significant client base, follow-on work
VALUE ADDITION KEY360 releases new functionality every month on an ongoing basis with multiple units or systems to be added this year

Mining companies urged to take a stand – Divinsky Group

By: Simon Rees Mining has an image problem; it is seen by many in the public as untrustworthy, uncaring and, on occasion, unscrupulous. This is confirmed by polling data, such as the 2014 Edelman trust barometer, where mining came third from the bottom in trustworthiness. Only the chemicals and oil sectors... 

Hastings launches PFS for rare earths project

By: Esmarie Swanepoel The board of ASX-listed Hastings Rare Metals has approved the start of a prefeasibility (PFS) study on the Yangibana rare earths project, in Western Australia. A scoping study on Yangibana previously estimated that the project could deliver about 2 700 t/y of neodymium oxide, 750 t/y of... 

BHP maintains focus on costs, cuts US shale drilling rigs

By: Esmarie Swanepoel Despite reporting record production at eight of its operations, in five commodities, mining major BHP Billiton said on Wednesday that the company would maintain its focus on reducing costs. “Our operational performance over the last six months has been strong. We are reducing costs and improving... 

BHP maintains focus on costs, cuts US shale drilling rigs
Photo by Bloomberg
Andrew Mackenzie

PGMs drive 0.4% drop in Nov mining output

By: Natalie Greve Mining production decreased by 0.4% year-on-year in November, with the largest negative growth rates recorded for platinum-group metals (PGMs), at 14.3%, diamonds, at 14.2%, and gold and copper, both of which saw output contract 10.1%, Statistics South Africa (Stats SA) revealed on Tuesday. The... 

PGMs drive 0.4% drop in Nov mining output

Back to basics key message in Deloitte trend forecast

By: Megan van Wyngaardt While the outlook of the global mining sector for the year ahead looks bleak, with mining companies having to contend with price volatility, geopolitical turmoil, rising costs, declining grades and a general lack of access to financing, advisory firm Deloitte believes all is not lost. In its... 

Back to basics key message in Deloitte trend forecast

Rio Tinto ramps up iron-ore output, copper falls

By: Esmarie Swanepoel Despite lower iron-ore prices, mining giant Rio Tinto has maintained its momentum during the December quarter, boosting its production by 12% year-on-year to 79.1-million tonnes. This brought full year output to 295.4-million tonnes. The Pilbara operations delivered 280.6-million tonnes of... 

Rio Tinto ramps up iron-ore output, copper falls

Kwale output falls in December

By: Esmarie Swanepoel Mineral sands miner Base Resources has reported lower production from its Kwale operations, in Kenya, during the quarter ended December, as lower ore grades impacted on output. Base on Tuesday told shareholders that heavy mineral concentrate production declined by 4% quarter-on-quarter to 165... 

BHP tipped to cut US shale spend to shore up dividend promise

By: Reuters BHP Billiton Ltd may be forced to slash its planned $4-billion spending this year on US shale wells and book writedowns on its shale assets as it battles plunging prices for its biggest earners iron ore, oil and copper. The mining giant, which has cut capital spending for the past two years,... 

Artisanal mining hints at coltan mineralisation at Sula play

By: Natalie Greve A reconnaissance fieldwork programme by Sula Iron & Gold to determine whether coltan was being produced by artisanal miners on the exploration licence at its Ferensola project, in Northern Sierra Leone, has provided an initial indication of prospective areas of mineralisation. The iron-ore, gold... 

Ministerial talk of a South African mining champion pleases analyst 

By: Martin Creamer Talk of restoring the lost iconic status of the South African mining industry has gladdened the London-based Investec Global Research Team. “We’re glad to see growing political pressure in South Africa to restore the premier status of the mining industry,” the analyst team said in a note on Friday. 

Ministerial talk of a South African mining champion pleases analyst
Photo by Duane Daws
Minerals Minister Ngoako Ramatlhodi

Miners in for volatile year but recovery trends are emerging

By: Esmarie Swanepoel Miners are in for a volatile year in 2015, as the industry faces price volatility, geopolitical turmoil, rising costs and declining grades, advisory firm Deloitte has warned. However, in its 'Tracking the Trends 2015' report, Deloitte noted that evidence of recovery existed alongside evidence of... 

Miners in for volatile year but recovery trends are emerging

Pandor emphasises need for resource-rich countries to diversify economies

By: Schalk Burger The exploitation of minerals must form the basis of diversified economies in the developing world, said Science and Technology Minister Naledi Pandor on Thursday. “Exports of raw materials and oils often strengthen a currency, rendering other products less competitive and driving them out of... 

Pandor emphasises need for resource-rich countries to diversify economies
Photo by Duane Daws
Science and Technology Minister Naledi Pandor

Mining sector will find reward by addressing risk

By: Simon Rees Consider the resource supercycle; it was a once-in-a-generation event driven by China becoming the world’s workshop. The country’s demand for commodities seemed insatiable and pushed many metal and mineral prices to historic highs. The mantra for most mining seniors became “big is beautiful” and... 

Mining sector poised for a bumpy 2015 as legislative uncertainty, other challenges linger

By: Jade Davenport The Chamber of Mines (CoM) is hopeful that labour stability will be achieved this year, as progress is being made in terms of stakeholder engagement, CoM president Mike Teke tells Mining Weekly. He says that the industry is moving forward in terms of engaging and creating an environment in which... 

Mining sector poised for a bumpy 2015 as legislative uncertainty, other challenges linger

Underground mining platform most active shaft sinker outside China

With 22 active shaft projects under way globally, construction and engineering group Murray & Roberts’ underground mining platform is ranked the most active shaft sinking group in the world, outside of China, says Murray & Roberts Cementation business development executive Allan Widlake. The... 

To survive miners need to deftly balance short-term hopes with long-term business needs

By: Henry Lazenby To remain viable into the future, mining companies need have to become more adept at balancing short-term investor expectations with long-term business imperatives, while dealing with challenging market conditions, including price volatility, geopolitical turmoil, rising costs, declining grades... 

Eskom seeks R3bn diesel cash injection, but urges SA to prepare for power cuts 

By: Terence Creamer Eskom CEO Tshediso Matona says the State-owned utility requires an immediate cash injection of R3-billion to sustain the diesel purchases it requires to operate its open-cycle gas turbines (OCGTs) in the Western Cape and help lower the risk of ongoing power cuts during February and March.... 

Eskom seeks R3bn diesel cash injection, but urges SA to prepare for power cuts
Photo by Duane Daws
Eskom CEO Tshediso Matona

Base won't budge on World Titanium offer

By: Esmarie Swanepoel ASX-listed Base Resources on Thursday conceded that its offer for fellow-listed World Titanium Resources was unlikely to succeed, but the miner stuck to its guns, refusing to increase its bidding price. Earlier this month, the directors of World Titanium advised shareholders to reject the... 

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