http://www.miningweekly.com
R/€ = 16.21 Change: 0.18
R/$ = 14.56 Change: 0.21
Au 1341.39 $/oz Change: 5.49
Pt 1058.00 $/oz Change: 6.00
 

Diversified Miners News

Advances in energy-storage technology, burgeoning electric car market driving lithium and graphite uptake

By: Mia Breytenbach     1st July 2016 The proliferation and streamlining of technological advancements in energy-storage systems, as well as the demand for batteries in the global electric vehicle (EV) market, are driving the need for technology minerals – such as lithium and graphite, which are increasingly used in lithium-ion... 

Good geology, favourable policy underpin stable mining industry

By: Nadine James     1st July 2016 South American mining countries Argentina, Brazil, Chile and Peru have adequately managed the 2015 commodities crash, as their mining industries remain stable with a positive outlook, advises international market researcher BMI Research. BMI commodities analyst Molly Shutt notes that the... 

Good geology, favourable policy underpin stable mining industry
Photo by Bloomberg
MOUNTAINOUS POTENTIAL South America's vast mineral reserves ensure that its countries have relatively stable mining industries

Govt committed to supporting young people’s participation in mining – DMR

By: Ilan Solomons     1st July 2016 The Department of Mineral Resources (DMR) is committed to supporting youth upliftment programmes aimed at improving young people’s knowledge about South Africa’s minerals and their development, DMR deputy director-general Joel Raphela told delegates at the 2016 Youth in Mining, Procurement and... 

Joburg technical library comes out of mothballs and opens doors to public

By: Dylan Slater     1st July 2016 The public now has access to Johannesburg-based mining, engineering and related disciplines library The Technical Library through a membership programme, after having been outsourced from diversified miner Anglo American.  

Joburg technical library comes out of mothballs and opens doors to public
INFORMATION ON HAND The Technical Library staff provide source-specific material for members of the engineering and mining industry

Kazakhstan elected tenth member of mineral reporting standards body

By: Mia Breytenbach     1st July 2016 Kazakhstan had been elected to be the tenth member of the Committee for Mineral Reserves International Reporting Standards (CRIRSCO).   The National Reporting Organisation for Kazakhstan will be the KAZRC Association, which has developed the Kazakhstan Reporting Code, while the Recognised... 

Kazakhstan elected tenth member of  mineral reporting standards body
Photo by Bloomberg
REPORTING ADVANTAGE The KAZRC will enable public reporting of Kazakhstan’s exploration results, mineral resources and mineral reserves to be in a format expected to support investors

Las Bambas on track

     1st July 2016 The Las Bambas copper mine, in Apurímac, Peru, is still expected to produce between 250 000 t and 300 000 t of copper concentrate in 2016. The mine, a joint venture between multinational resource company MMG and Hong Kong investment company Guoxin International Investment Corporation, reported a... 

Las Bambas on track
LAS BAMBAS CONCENTRATOR Mine management have transferred responsibilities for the concentrator plant from the construction team to the operations team

Mining and metals M&A deal values down 45% in first quarter

By: Ilan Solomons     1st July 2016 Global mining and metals transaction activity in the first quarter of 2016 confirms the harsh reality faced by mining companies across the industry is far from over. This is according to professional services firm EY’s latest quarterly analysis, which reports that deal values fell 45%... 

Mining and metals M&A deal values down 45% in first quarter
Photo by Duane Daws
WARNING SIGNS In Africa, deal volumes decreased to three during the first quarter of 2016 compared to seven deals made in the fourth quarter of 2015

Mining materials haulage system among receivers of enviro recognition

By: Ilan Solomons     1st July 2016 Conservation organisation World Wide Fund For Nature (WWF) South Africa has announced the three winners of the 2016 South African Climate Solver Awards in recognition of innovations that reduce carbon emissions or boost access to clean energy. They are Heliolab, a “revolutionary” heliostat... 

Mining materials haulage system among receivers of enviro recognition
Photo by Source: WWF-SA/Substance Films
2016 SOUTH AFRICAN CLIMATE SOLVER AWARD WINNERS Milotek CEO Andries Louw, Ducere Holdings MD Andre Reyneke and Stellenergy CEO Paul Gauche

Moatize takes delivery of 212 t surface miner

By: Kimberley Smuts     1st July 2016 Mining services and construction provider Wirtgen South Africa (SA) has supplied its biggest surface mining model, the 212 t 4200SM, to diversified miner Vale’s Moatize coal mine project, in Tete, Mozambique. The 4200SM costs about €5-million depending on client specifications and can mine out... 

Moatize takes delivery of 212 t surface miner
REDUCED CONTAMINATION Wirtgen surface miner machinery aims to to mine cleaner coal

SA mining not yet ‘radically transformed’ – DMR official

By: Ilan Solomons     1st July 2016 The depressed global economic environment has created challenges in the mining sector, and although some commodities are beginning to emerge from the slump, conditions remain difficult for the sector, Department of Mineral Resources (DMR) deputy director-general Joel Raphela told delegates at the... 

SA mining not yet ‘radically transformed’ – DMR official
Photo by Duane Daws
JOEL RAPHELA The Mining Charter has helped to transform the local mining sector, as more black people have been able to participate as mine owners and managers

Venezuela mess prods China to reassess Africa lending spree

By: Bloomberg     30th June 2016 The threat of Venezuela defaulting on Chinese debt is putting pressure on Beijing to reassess how easily it doles out money to commodity-dependent nations, especially those in Africa. As low oil prices ravage Venezuela’s economy and embattled leader Nicolas Maduro seeks better terms on Chinese... 

Glencore throws full weight behind transparency in money-to-govts report 

By: Martin Creamer     29th June 2016 Global diversified mining and marketing company Glencore threw its full weight behind complete openness in its maiden Payments-To-Governments Report 2015. In a 17-page outline, Glencore CFO Steve Kalmin provides an overview of the $5-billion it paid last year to 16 governments ranging from... 

Glencore throws full weight behind transparency in money-to-govts report
Photo by Duane Daws
Glencore CFO Steve Kalmin

Mining Indaba slashes prices for mining corporates

By: Martin Creamer     29th June 2016 Mining companies attending the upcoming Investing in African Mining Indaba in Cape Town will benefit from significantly reduced registration fees. Mining Indaba officials have introduced price reductions of up to 50% for the February 6 to 9 event, now in its twenty-third year. 

Mining Indaba slashes prices for mining corporates
Mining Indaba MD Jonathan Moore

Rio Tinto reduces exposure in tax havens, paid $4.5bn in taxes last year

By: Mariaan Webb     29th June 2016 Diversified mining group Rio Tinto has reduced its exposure to tax havens, with only 17 of its more than 600 controlled entities currently resident in countries with a general income tax rate of 10% of less. Eight of the 17 entities were dormant and either in liquidation or scheduled for... 

Rio Tinto reduces exposure in tax havens, paid $4.5bn in taxes last year
Rio Tinto CFO Chris Lynch

More than 10% of Canadian mining and metals companies delisted in 2014/15

By: Henry Lazenby     28th June 2016 More than 10% of the mining and metals companies listed on the TSX and TSX-V had delisted during 2014 and 2015, according to a new study by professional services firm EY. The report, titled 'What is driving delisting in the mining and metals sector in Canada?', found that 41% of companies... 

More than 10% of Canadian mining and metals companies delisted in 2014/15

Despite volume slump, Omnia sees growth opportunities in mining sector

By: Mia Breytenbach     28th June 2016 Despite the downturn in global mining revenues and volumes, JSE-listed Omnia’s Mining division has been “remarkably resilient” and continues “to forge ahead in maintaining its position as a leading player” in the opencast mining industry on the African continent, group CEO Rod Humphris said on... 

Identified improvements to enhance efficiency at Arafura’s Nolans rare earths project

By: Samantha Herbst     28th June 2016 Comprehensive work programmes aimed at commercialising ASX-listed rare earths company Arafura Resources’ 100%-owned Nolans rare earths project, in Australia’s Northern Territory, have identified several improvements to the existing project structure that will deliver a more competitive and... 

Richland secures $500 000 loan

By: Creamer Media Reporter      28th June 2016 Aim-listed gemstone producer Richland Resources has entered into a $500 000 unsecured loan facility with two of the company’s directors and a long-term shareholder to satisfy ongoing working capital requirements. The loan facility would provide the company with additional working capital and... 

Substantive mineral law issues still far from resolved – Herbert Smith Freehills 

By: Martin Creamer     27th June 2016 The content and the implications of the Minerals and Petroleum Resources Development Act (MPRDA) Amendment Bill are extraordinarily complicated. Three issues, which embody the most significant negative implications for the mining industry and South Africa, have been delaying the finalisation of... 

Substantive mineral law issues still far from resolved – Herbert Smith Freehills
Photo by Duane Daws
Herbert Smith Freehills' Ben Winks

Tanzanian CompComm delays Ngualla BFS funding

By: Samantha Herbst     27th June 2016 Tanzania’s Fair Competition Commission has delayed ASX-listed rare earths hopeful Peak Resources’ approval for funding from the Appian Natural Resources Fund and International Finance Corporation, for the corporation’s Stage 2 investment into Peak’s majority-owned associated company Peak African... 

Metallica completes sale of Boyne limestone project

By: Samantha Herbst     27th June 2016 ASX-listed bauxite developer Metallica Minerals has completed the sale of its noncore Boyne limestone project, near Gladstone, Queensland, after a private group paid the agreed balance of $900 000. The private purchaser sought to acquire the two granted mining leases that formed the Boyne project... 

BHP Billiton to spend $900m on copper and oil exploration

By: Mariaan Webb     27th June 2016 Diversified mining major BHP Billiton would spend about $900-million on exploration in the next financial year, focusing on opportunities in copper and oil. The exploration budget represented about 18% of BHP Billiton’s overall capital budget of $5-billion for the 2017 financial year, head of... 

BHP Billiton to spend $900m on copper and oil exploration
The Shenzi development in the Gulf of Mexico, which BHP Billiton discovered in the 2000s. The company continues to build its acreage position in the area.

Mining sector sheltered from Brexit shock by gold and dollar strength

By: Reuters     24th June 2016 Big mining companies found some shelter from the shock of Britain's decision to leave the European Union from Friday's rare combination of stronger gold and a relatively strong dollar. The overall mining sector fell 2.5% while the blue-chip FTSE 100 index was down 4.6% by 1230 GMT. 

Mining sector sheltered from Brexit shock by gold and dollar strength

Consider rest of Africa as well, potential mining investors urged 

By: Ilan Solomons     24th June 2016 Young business people that are wanting to get involved in the mining industry should broaden their horizons and not limit themselves by focusing on South Africa alone, as there many opportunities in the rest of the African continent also exist, Small Business Development Minister Lindiwe Zulu... 

Consider rest of Africa as well, potential mining investors urged
UPS AND DOWNS The mining sector is cyclical in nature and will therefore provide significant opportunities for those that are able to ride out the market’s current headwinds

Eastern Cape aggregates quarry secures offtake agreements

By: Ilan Solomons     24th June 2016 Aggregates producer Blue Crane Resources and Minerals’ Blue Crane Mine (BCM) has secured an offtake agreement to supply aggregates for Bloemfontein-based road construction and maintenance company Tau Pele Construction over the next 18 months. BCM is located in the town of Indwe, in the Eastern... 

Eastern Cape aggregates quarry secures offtake agreements
GREAT EXPECTATIONS Blue Crane Mine is negotiating a contract with the local municipality to supply it aggregates amounting to about R27-million for 1 500 RDP houses in Guba Village investment opportunities

Embracing technology key to success of the mine of the future

By: Mia Breytenbach     24th June 2016 For mining to be part of the twenty-first century, it has to create a range of benefits as part of the business model, have access to realistic commodity pricing models and must embrace technology, says University of the Witwatersrand (Wits) Mining Institute director Professor Fred Cawood says.... 

Embracing technology key to success of the mine of the future
Photo by Bloomberg
FUTURE MINE The trends around key mining industry issues could lead to possible futures characterised by an African mining boom

Exit of mining majors creating openings for would-be young investors

By: Ilan Solomons     24th June 2016 There are significant opportunities for young entrepreneurs to enter the local mining industry, particularly with a number of senior miners exiting their existing assets owing to depressed commodity prices and general business challenges, Department of Mineral Resources (DMR) deputy... 

Exit of mining majors creating openings  for would-be young investors
Photo by Duane Daws
JOEL RAPHELA Great strides have been made in transforming the mining sector and bringing in new, young business people over the past 22 years

Graphite mine seeking $5.9m for plant upgrades, mechanisation and exploration

By: Oscar Nkala     24th June 2016 Zimbabwe's sole graphite mine is seeking joint venture partners or capital lenders willing to $5.9-million to fund plant upgrades and the purchase of equipment to start underground mining, as well as exploration projects to increase the operation's resource base.   Lynx Graphite board member... 

Preparations for drilling, trenching at Moz ruby project on schedule

By: Ilan Solomons     24th June 2016 On-site activities in preparation for the start of drilling and trenching at ASX-listed junior miner Mustang Resources’ Montepuez ruby project, in Mozambique, are progressing on schedule, says company MD Christiaan Jordaan. He points out that Mustang has established an exploration base camp,... 

Preparations for drilling, trenching at Moz ruby project on schedule
GETTING STUCK IN Mustang has established an exploration base camp, mobilised critical processing equipment and completed the refurbishment of access roads

Remote operations, automation and use of analytics among the mining shifts highlighted in new report

By: Dylan Slater     24th June 2016 Global management consulting company VCI released its third edition of its yearly report on innovation in the global resource industry during the Southern African Institute of Mining and Metallurgy’s New Technology and Innovation in the Mining Industry colloquium, which was held from June 9 to 10... 

The MSA Group

     24th June 2016 Local mining consultancy The MSA Group provides exploration, geology, mineral resource, mining and environmental consulting solutions to a client base that includes some of the world’s largest multinational mining companies, as well as private equity and sovereign wealth funds, banks, governments... 

The MSA Group

Unsustainable use of revenue from once booming phosphate sector haunting Nauru

By: Ilan Solomons     24th June 2016 The entire topside of the island of Nauru, in Micronesia, in the Central Pacific, has largely been mined out and requires extensive rehabilitation, says Asian Development Bank (ADB) economist Roland Rajah. The tiny island nation, with a population of about 10 700 residents over 21 km2, has... 

Unsustainable use of revenue from once booming phosphate sector haunting Nauru

Chile's Codelco to decide on partner for lithium development in 2017

By: Reuters     23rd June 2016 The world's No 1 copper producer Codelco is expected to make its decision on who to partner with to develop its lithium assets in the first quarter of next year, Chile's Mining Minister Aurora Williams told Reuters on Thursday. Lithium is an important ingredient in rechargeable batteries and is... 

Analyst urges caution as lithium excites and pitfalls multiply 

By: Simon Rees     23rd June 2016 Lithium’s prospects are bright as demand from the battery sector is surging and observers believe it will only get better as more electric vehicles (EV) are produced and new energy storage solutions arise, such as Tesla’s Powerwall technology. Indeed, prices had marched higher, while... 

Analyst urges caution as lithium excites and pitfalls multiply
Photo by Reuters
Rockwood's Lithium plant on the Atacama salt flat, the largest lithium deposit currently in production, in the Atacama desert of northern Chile

Shift in focus required to turn around decline of local mining

By: Dylan Slater     23rd June 2016 The South African mining industry is in a state of financial decline, with many mining companies struggling to turn a profit and government stalling the amended regulation framework, according to financial services provider Nedbank Capital mining and metals investment banker Paul Miller. He... 

Shift in focus required to turn around decline of local mining
Photo by Duane Daws
Paul Miller

Call for bargaining council to protect workers amid mining accidents in Botswana 

By: African News Agency      23rd June 2016 The Botswana Mine Workers Union (BMWU) has urged the government to set up a bargaining council to safeguard the welfare of workers who suffer crippling and fatal injuries while working in the mines. The call came after one Bamangwato Concession Limited (BCL) worker suffered a broken hip bone... 

Gupta-owned Oakbay responds to claims it's buying a bank

By: News24Wire      23rd June 2016 Gupta-owned Oakbay Investments on Thursday slammed media reports about an approach to buy UBank as "speculation", with "several significant untruths and misunderstandings". Oakbay Investments CEO Nazeem Howa told Fin24 in an emailed response that the company did express an early interest in UBank... 

Potential rival to LME would be costly; tie-up an option

By: Reuters     23rd June 2016 The idea of launching a platform to rival the London Metal Exchange, the world's biggest market for industrial metals, is unlikely to become reality without large amounts of capital but a viable alternative could be a tie-up with another exchange. Former LME chief executive Martin Abbott raised... 

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
Subscribe Now for $149 Close