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Diversified Miners News

Nemaska Lithium included in lithium index

By: Megan van Wyngaardt     7th December 2016 TSX-listed Nemaska Lithium has been included in the Solactive Global Lithium Index, which is tracked by investment solutions provider Global X Lithium exchange traded fund (ETF). The Solactive Global Lithium Index tracks the performance of the largest and most liquid listed companies that are... 

Companies need to work harder to gain societies' trust – Rio chairman

By: Reuters     7th December 2016 Multinational companies need to do more to gain the trust of wider society, including better explaining why top executives are so highly rewarded in comparison to workers, the chairman of global miner Rio Tinto told British lawmakers. "Big companies are going to have to work harder and harder to... 

Aveng wins Gamsberg zinc mining contract

By: Martin Creamer     6th December 2016 A contract to establish and mine the Gamsberg opencast zinc operation has been awarded to Aveng Moolmans by Black Mountain Mining, a Vedanta Zinc International operation. Vedanta acquired zinc assets including Gamsberg from Anglo American in 2010 for $1 338-million. 

Aveng wins Gamsberg zinc mining contract
Photo by Duane Daws
Vedanta Zinc International CEO Deshnee Naidoo

Asian Minerals, Kasbah Resources acquisition court date postponed

By: Anine Kilian     6th December 2016 Following objections raised by a small number of Kasbah shareholders in relation to TSX-V-listed Asian Mineral Resources’ (AMR’s) proposed acquisition of ASX-listed Kasbah Resources, Australia’s Federal Court of Australia has adjourned the second court hearing date to December 12. The board of... 

Vale sells four ships to Polaris for $140m

By: Reuters     6th December 2016 Brazil's mining company Vale said on Monday it concluded negotiations with Polaris Shipping for the sale of four capesize ships for a total $140-million. Vale said the transaction is consistent with its strategy of selling noncore assets to strengthen its financial position. 

Glencore producing zinc at minus cost

By: Martin Creamer     5th December 2016 Diversified mining and marketing company Glencore is producing zinc at negative cost. Towards the end of this year it has been doing so at -3c/lb and next year it expects to do so at an even better -14c/lb, supported by healthy lead by-product credits. 

Glencore producing zinc at minus cost
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Indaba invaluable, time-efficient industry barometer – previous delegates

By: Nadine James     5th December 2016 Considered the preferred deal-making platform for mining in Africa, the Investing in African Mining Indaba – scheduled to run from February 6 to 9, in Cape Town – offers invaluable networking opportunities and informative discussions and presentations, contributing to the success of African... 

Indaba invaluable, time-efficient industry barometer – previous delegates
TIME IS MONEY The Mining Indaba is the most time-efficient way of gaining insight into African mining

Glencore sees nickel shortage as electric vehicle demand burgeons

By: Martin Creamer     2nd December 2016 Diversified mining and marketing company Glencore sees a shortage in nickel arising as a result of burgeoning demand from electric vehicle (EV) production. Batteries used in EVs are consuming about 100 000 t of nickel demand and if 10% of the world’s vehicle fleet transitions to electric power,... 

Glencore sees nickel shortage as electric vehicle demand burgeons
Glencore's Koniambo nickel project in New Caledonia, a French territory.

Hudbay prices $1bn senior notes offering

By: Henry Lazenby     2nd December 2016 Canadian base metals producer HudBay Minerals has priced its offering of $1-billion of senior notes, which will be issued in two series, the company said on Thursday. These will comprise a series of 7.25% senior notes due in 2023 for $400-million and a series of 7.625% senior notes due in 2025... 

Aus company grows share in DRC project

     2nd December 2016 ASX-listed minerals company Regal Resources has entered into an unconditional agreement with joint venture partner, Democratic Republic of Congo- (DRC-) registered La Generale Industrielle et Commerciale au Congo (GICC), to acquire from it additional shares in Kalongwe copper project’s holding... 

Aus company grows share in DRC project
KALONGWE ORE Kalongwe hosts a near-surface resource of 302 000 t copper and 42 000 t cobalt as predominantly oxide ore

Copper mining offers growth opportunity to dust suppressant supplier

By: Nadine James     2nd December 2016 Johannesburg-based nanotechnology provider Cruze Holdings expects to secure more work from African copper mining operations as its products generate savings by ensuring companies spend less on their existing road dust suppression measures. The company may double its mining revenue within the next... 

Copper mining offers growth opportunity to  dust suppressant supplier
DOWN WITH DUST Cruze Holdings dust palliatives are extremely effective, simple to apply and cost-effective

Importance of artisanal mining increases in DRC

     2nd December 2016 The stagnation of the formalised mining sector in the Democratic Republic of Congo (DRC) has led to an increase in artisanal mining activity, says the mining representative body DRC Chamber of Mines (CoM). “Artisanal mining in the DRC has become a widespread activity of significant economic... 

Importance of  artisanal mining increases in DRC
SUBSISTENCE MINING Artisanal mining in the DRC has become a widespread activity of significant economic importance

Mining and metals M&As flat at $7.9bn in third quarter

By: Ilan Solomons     2nd December 2016 Global mining and metals mergers and acquisitions (M&A) activity remained subdued in the third quarter (Q3) of 2016 with deal value flat at $7.9-billion and deal volume up by 12% to 121 deals quarter-over-quarter. This is according professional services firm EY’s recently released ‘Mining Through... 

Mining and metals M&As flat at $7.9bn in third quarter
QUINTIN HOBBS With some improvements in commodity prices, most traditional industry acquirers are still focused on portfolio realignment

SA mines urged to quickly to benefit from technology innovations

By: David Oliveira     2nd December 2016 South Africa’s mining industry needs to move quickly to take advantage of the opportunities and mitigate the risks inherent in the onset of disruptive technology innovations to remain competitive, advises management consultancy Datta Burton & Associates (DBA). DBA partner Aaron Burton tells... 

Scientist proposes using automated mineralogical analyses to monitor acid mine water

By: Ilan Solomons     2nd December 2016 The formation of acid mine drainage (AMD) is currently one of the largest environmental problems facing the South African gold mining industry, warns local State-owned mineral and metallurgical innovation company Mintek senior scientist Veruska Govender. She points out that mining operations have... 

Scientist proposes using automated mineralogical analyses  to monitor acid mine water
SERIOUS CONCERN AMD may place ‘undue stress’ upon the country’s economy and water-strained environment, potentially undermining both the agricultural and industrial sectors

Diligent Glencore delivers on debt promise, restarts dividend

By: Martin Creamer     1st December 2016 Diversified mining and marketing company Glencore has delivered on last year’s commitment to cut debt and structurally increase the strength of its balance sheet – and it has done so in a way that has preserved the group’s long-term earnings capability.  JP Morgan Cazenove analysts described the... 

Diligent Glencore delivers on debt promise, restarts dividend
Photo by Duane Daws
Ivan Glasenberg at last year's hand over by Glencore of a R75-million school in South Africa's coalfields to Basic Education Minister Angie Motshekga.

BHP Billiton suffers another power failure at Olympic Dam

By: Esmarie Swanepoel     1st December 2016 The Olympic Dam uranium/copper mine, in South Australia, has suffered another power failure, costing the mine more than four hours of production. Mining major BHP Billiton told Mining Weekly Online on Thursday that the overnight power outage had resulted from an interconnector failure and a lag... 

DMR making ill-considered demands, turns dictator 

     1st December 2016 The Department of Mineral Resources is making thoughtless demands that have little hope of being met, says Mining Weekly editor Martin Creamer, who joins senior deputy editor Tracy Hancock in studio to discuss the matter further. 

DMR making ill-considered demands, turns dictator
DMR making ill-considered demands, turns dictator

Crude pipeline approvals attract reaction straddling both sides of argument

By: Henry Lazenby     1st December 2016 Tuesday's approval by the federal Liberal government of Kinder Morgan’s C$6.8-billion Trans Mountain Expansion (TMX) project and Enbridge’s C$7.5-billion Line 3 Replacement project has drawn equally strong praise and criticism from Canadian business and civic organisations. Gathering almost... 

Crude pipeline approvals attract reaction straddling both sides of argument
Photo by Reuters
Protesters walk down Robson Street in opposition to Canada's decision to approve Kinder Morgan's pipeline from the Alberta oil sands to the Pacific coast, in Vancouver

Anglo American to sell stake in Exxaro

By: Henry Lazenby     1st December 2016 Global diversified miner Anglo American announced Wednesday that it would sell its 9.7% stake in South African miner Exxaro, using the proceeds to reduce debt. Exxaro’s controlling black economic empowerment shareholder, Main Street 333, will also sell its Exxaro stake, Anglo American stated. 

Namibia Rare Earths files mining licence application for Lofdal

By: Henry Lazenby     30th November 2016 Heavy rare earth elements project developer Namibia Rare Earths has filed an application with the Namibian Mines and Energy Ministry for a mining licence for its Lofdal project, the company reported Wednesday. Since releasing its preliminary economic assessment (PEA) in November 2014, the company... 

PTM’s Maseve ramp-up dogged by DMR safety blitzes

By: Henry Lazenby     30th November 2016 The ramp up of South Africa-focused miner Platinum Group Metals’ (PTM’s)  cornerstone Maseve mine has been hampered in recent weeks by safety blitzes in the North West province by the inspectorate branch of South Africa's Department of Mineral Resources (DMR). The company noted on Tuesday that... 

Critical Elements welcomes lithium bigwig as president

By: Henry Lazenby     30th November 2016 Quebec-based lithium/tantalum project developer Critical Elements has appointed former Rockwood Lithium senior executive Dr Steffen Haber as its president effective January 1, 2017. Haber is a well-known figure in the lithium industry, having been CEO and president of Rockwood Lithium up until it... 

Trudeau govt approves Trans Mountain, Line 3 pipelines, rejects Northern Gateway

By: Henry Lazenby     30th November 2016 Canada’s Liberal federal government under leadership of Prime Minister Justin Trudeau has approved two out of three contentious crude oil pipelines in the country, critical infrastructure needed to get Canada’s vast oil reserves to new markets. In a landmark decision, the Trudeau government has... 

Trudeau govt approves Trans Mountain, Line 3 pipelines, rejects Northern Gateway

Bushveld Minerals edging closer to goals

By: Megan van Wyngaardt     29th November 2016 JOHANNESBURG (miningweekly.com) – Owing to the conclusion of fundamental partnerships in the six months to August 30, diversified miner Bushveld Minerals is progressing towards its goal of becoming a global integrated vanadium producer. CEO Fortune Mojapelo said on Tuesday said that one such... 

Capital expenditure to continue downward trend

By: Henry Lazenby     29th November 2016 Despite a modestly more buoyant outlook for key metal prices, mining capital expenditures (capex) are expected to continue on a downward slide over the next three years as miners seek further cost cuts and to improve operational margins, according to analysis by Fitch Group research arm BMI.... 

Capital expenditure to continue downward trend

South African mine sector on a 'knife edge' due to political strife – Sibanye CEO 

By: Reuters     28th November 2016 South Africa's key mining industry is at risk of collapse owing to political unrest and labour instability which have negatively impacted investment into the country, the chief executive of the nation's biggest gold company said on Monday. Political ructions in Africa's most industrialised... 

Kodal expands lithium prospects in Mali

By: Megan van Wyngaardt     28th November 2016 Kodal Minerals will acquire 90% in Minefinders’ Diendio lithium project, in southern Mali, for $65 000, which will be paid in two yearly staged instalments ending November 2017. The London-listed company will make its first $30 000 payment for the 109 km2 project, comprising three granted... 

CFMEU claims Anglo is targeting its striking members in Qld job cuts

By: Esmarie Swanepoel     28th November 2016 Diversified miner Anglo American will cut 82 positions at its German Creek mine, in Queensland, amid a strike that started in August over protracted enterprise bargaining agreement negotiations. The Fair Work Commission on Friday dismissed an application by union CFMEU for ‘good faith... 

DMR hits back at chamber’s claim it was not consulted on draft charter

By: Ilan Solomons     25th November 2016 The Department of Mineral Resources (DMR) has refuted claims that the Ministry has not actively engaged stakeholders about the draft revised Mining Charter.   On Friday, the DMR issued a statement which said it had “engaged comprehensively” with the Chamber of Mines (CoM) on the draft of the... 

DMR hits back at chamber’s claim it was not consulted on draft charter
Mineral Resources Minister Mosebenzi Zwane

Discredited DMR making ill-considered demands on struggling industry

By: Martin Creamer     25th November 2016 The Department of Mineral Resources (DMR) is making ill-considered demands that have little hope of being met. Instead of following the continent’s African Mining Vision and Zambezi Protocol, the DMR is going out on a dictatorial limb. 

Discredited DMR making ill-considered demands on struggling industry
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter and Chamber of Mines Senior Executive Public Affairs and Transformation Tebello Chabana

Australia has an opportunity to be epicentre of mining – Rio CEO

By: Esmarie Swanepoel     25th November 2016 Australia has a unique opportunity to buck the global protectionist trend and position itself as the epicentre of the global mining industry, but the country will have to raise its ambition if it is to achieve this goal, head of diversified major Rio Tinto, Jean-Sebastian Jacques, has said.... 

Australia has an opportunity to be epicentre of mining – Rio CEO
Rio Tinto CEO Jean-Sebastian Jacques

Exxaro confident Eskom contracts safe, despite BEE ownership decreasing to 30%

By: Ilan Solomons     25th November 2016 Diversified miner Exxaro Resources has assured investors that despite its black ownership falling below the 51% required by State-owned power utility Eskom for all its supply contracts, this will not affect its existing supply contracts with the utility. The company is set to introduce a new... 

Exxaro confident Eskom contracts safe, despite BEE ownership decreasing to 30%
Photo by Duane Daws
Exxaro CEO Mxolisi Mgojo

BHP extends $115m to Samarco for remediation work

By: Esmarie Swanepoel     25th November 2016 Mining major BHP Billiton has extended a $115-million short-term facility to its joint venture with iron-ore (JV) major Vale in Brazil, to carry out remediation and stabilisation work to support the Samarco operations. BHP said on Friday that the funds would be released to Samarco only as... 

Drone solution offers built-in compliance features

By: Simone Liedtke     25th November 2016 Mining companies need to be able to track their daily operations and have full visibility of their sites in real time without having to worry about putting in place time-consuming administrative systems to comply with the complex regulatory regimen for commercial drones, says commercial drone... 

Drone solution offers  built-in compliance features
REAL-TIME VIEW By accelerating a previously manual process, we are giving quarry operators real-time visibility across their sites

Industry recommits to ‘zero harm’ target as fatalities climb

By: Ilan Solomons     25th November 2016 The milestones that were agreed upon by all industry stakeholders at the 2014 Mine Occupational Health & Safety Summit are in danger of not being achieved in accordance with their timeline, warns Department of Mineral Resources (DMR) acting mines chief inspector Xolile Mbonambi. He was addressing... 

Industry recommits to ‘zero harm’ target as fatalities climb
RENEWED COMMITTMENT Cooperative Governance and Traditional Affairs Minister Des van Rooyen signs mining industry pledge renewal on achieving health and safety milestones agreed in 2014

Legislative uncertainty, tougher regulations plague Africa’s mining sector

By: Ilan Solomons     25th November 2016 Mine developers and the providers of capital are facing a “regulatory tsunami” imposed by traditional investee countries in Africa, combined with frequently uncertain internal regulatory regimes, says banking group Nedbank Capital mining and metals head Paul Miller. Miller remarks that with the... 

Legislative uncertainty, tougher regulations  plague Africa’s mining sector
TAKING A STAND Recent legal actions relating to the extractive industries in Africa is indicative that there is a ‘clamping down’ on corrupt practices at the local and international level

Mining boom will highlight geology degree shortage

By: Simone Liedtke     25th November 2016 Should we enter another mining boom, there may not be enough universities offering bachelor degrees in geology to meet the industry’s subsequent demand for geological services, says mining software solutions provider MICROMINE technical product manager Frank Bilki. 

Mining boom will highlight geology degree shortage
GEOLOGY FIELDWORK Good fieldwork is critical to the success of early exploration and it is vital that exploration companies hire competent geologists.
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