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Diversified Miners News

Chile orders two copper mines suspended after fatal accidents

By: Reuters     Updated 2 hours 54 minutes ago Chile's mining regulator on Tuesday ordered a halt to all operations at two major copper mines, state-owned  

New initiative launched to boost geoscientific skills in Africa

By: Kim Cloete     30th August 2016 An initiative to strengthen geoscientific knowledge and skills in Africa has been launched at the thirty-fifth International Geological Congress (IGC), in Cape Town. The PanAfGeo initiative is a collaboration between the Organisation of African Geological Surveys (OAGS) and EuroGeoSurveys. 

Quantifying the world’s minerals is essential, says expert

By: Kim Cloete     30th August 2016 A leading academic has called for a joint committee to track products that use minerals and metals to better understand how much stock is circulating globally. “Knowing how much stock is in use enables one to estimate demand over the next few decades, taking into account global growth and the... 

Study shows good case for Clean Teq scandium project

By: Megan van Wyngaardt     30th August 2016 A recently completed feasibility study at Clean TeQ Holdings’ Syerston scandium project, in New South Wales, has shown that the mine will have an average production of 49.2 t/y scandium oxide (Sc2O3) after an 18-month ramp-up, over an initial 20-year mine life. Based on a long-term Sc2O3 price of... 

Lithium Australia receives grant to further Sileach research

By: Megan van Wyngaardt     30th August 2016 Perth-based Lithium Australia has been granted a second Innovation Connections grant under the entrepreneurs programme run by the country’s Department of Industry and Science. This builds on the grant it received in March, as well as augmenting the Minerals Research Institute of Western Australia... 

Africa deserves support, says former Exxaro CEO

By: Kim Cloete     29th August 2016 Governments have made great strides in Africa, with increased openness and transparency and more credible political leaders, yet the continent is not reaping the benefits in terms of mineral beneficiation, says former Exxaro CEO Sipho Nkosi. “We produce primary products, but they come back onto... 

Africa deserves support, says former Exxaro CEO
Former Exxaro CEO Sipho Nkosi

Shares in Guptas' Oakbay Resources recover after 10% dive

By: News24Wire      29th August 2016 Shares in Oakbay Resources & Energy fell more than 10% on Monday after the Gupta family, which controls the firm's holding company, said at the weekend they will sell their South African businesses. Oakbay Resources was down 10.02% at R18.85 before recovering to R20.95 by 14:16.The scandal-hit... 

Shares in Guptas' Oakbay Resources recover after 10% dive

South Africa, mines fight over proposed community revenue share

By: Bloomberg     29th August 2016 South Africa’s biggest mining companies are opposed to a government proposal that 1% of their annual revenue be spent on developing communities associated with their operations and have countered with suggestions that they instead pay out a share of profit. The Chamber of Mines, which represents... 

India to seek $15bn of investment to double mining output

By: Bloomberg     29th August 2016 India expects to woo one-trillion rupees ($15-billion) of investment over five years to double mining output and cut mineral imports. The government’s goal is to fast-track exploration, including upfront payments for discovered deposits when the mines are auctioned, Mines Minister Piyush Goyal... 

Venezuela says signs $5.5bn mining deals, companies include Barrick

By: Reuters     26th August 2016 President Nicolas Maduro said on Friday that Venezuela had signed over $5.5-billion in mining deals with companies including Canada's Barrick Gold and China's Shandong Gold. The deals are part of plan to ease the Opec nation's grave economic crisis that has caused food shortages and supermarket... 

Centrex appoints new projects GM

By: Megan van Wyngaardt     26th August 2016 To further its Oxley potassium project and oversee the recently started prefeasibility study (PFS), Centrex Metals has appointed Steve Klose as its projects GM. Klose, who holds degrees in minerals engineering and project management, joins Centrex from his previous role as WorleyParsons senior... 

Noront expands RoF land-holdings, outlines exploration and development strategies

By: Henry Lazenby     26th August 2016 Northern Ontario-focused project developer Noront Resources has increased its position as the dominant land-holder in the prospective Ring of Fire (RoF) mining camp after closing the acquisition of 75% of MacDonald Mines’ claims in the region, the company said this week. Through the transaction,... 

SA urged to grasp opportunities afforded by platinum and gold resurgence, rising coal exports

By: Dylan Slater     26th August 2016 According to consulting engineers and scientists SRK Consulting South Africa, the fact there are signs of resurgence in platinum, a stronger gold price and growing coal exports to India should be triggers for South Africa’s mining leadership to grasp the opportunities it missed in the last... 

SA urged to grasp opportunities afforded by platinum and gold resurgence, rising coal exports
MARCIN WERTZ Strong leadership is vital to ensure the next mining upturn can be capitalised upon

Solution provider servicing Holden mine clean-up

     26th August 2016 Modular building solutions provider Vesta Housing Solutions has been awarded a contract for British-Australian multinational mining corporation Rio Tinto’s Holden Mine Cleanup project. The facility provided by Vesta, in partnership with food and support services provider ESS Support Services... 

Trollope Mining Services

By: Creamer Media Reporter      26th August 2016 Trollope Mining Services (TMS) intends to diversify into other mineral sectors and grow the geographical footprint into Africa. The company currently operates in the coal, platinum, andalusite, chrome and gold sectors. 

Trollope Mining Services

South32’s local coal expansion projects progressing to feasibility stage

By: Samantha Herbst     25th August 2016 While diversified mining major South32’s South Africa-based thermal coal expansion projects are yet to be approved, CEO Graham Kerr remains optimistic about developments at its South Africa Energy Coal operation, noting that both proposed expansion projects are progressing well into the... 

South32’s local coal expansion projects progressing to feasibility stage
South32 COO Africa Mike Fraser

South32 to pay inaugural dividend despite significant revenue drop

By: Samantha Herbst     25th August 2016 Despite a 25% drop in revenue for the 2016 financial year, diversified mining major South32 announced on Thursday that it would pay an inaugural shareholder dividend of $0.01 a share, reflecting the company’s belief in its operations and the flexibility of its balance sheet. With revenue down... 

South32 to pay inaugural dividend despite significant revenue drop
Photo by Bloomberg
South32 CEO Graham Kerr

Bushveld raises cash for Vametco costs, other projects

By: Creamer Media Reporter      25th August 2016 Diversified mineral development company Bushveld Minerals has raised £580 000 through the issue of 38.67-million shares at 1.5p apiece. The proceeds will be used for general working capital purposes, continuing costs associated with the Vametco transaction, ongoing work in respect of subsidiary... 

Tightening supply should bode well for commodity prices – Glencore

By: Martin Creamer     24th August 2016 Diversified mining and marketing company Glencore, now with a significantly reduced debt profile, is producing its key commodities at exceptionally low operational cost, exemplified by the unit cost of the zinc it produced in the six months to June 30 coming in at the negative unit cost figure of... 

Tightening supply should bode well for commodity prices – Glencore
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Venezuela ordered to pay $2.17bn to Russian junior for 2011 project expropriation

By: Henry Lazenby     23rd August 2016 The government of the Bolivarian Republic of Venezuela has been ordered to pay a Russian-owned junior mining company nearly $2.2-billion in compensation and interest for illegally expropriating the company’s assets without compensation in 2011. Following the news, Rusoro Mining’s TSX-V-listed... 

Venezuela ordered to pay $2.17bn to Russian junior for 2011 project expropriation

Executives believe they can survive lower metals outlook – KPMG

By: Megan van Wyngaardt     23rd August 2016 Fewer than half of senior metals executives responding to KPMG International’s 2016 Global Metals & Mining Outlook survey voiced any level of confidence in the prospects for the global economy over the next two years. This was particularly concerning given the tight relationship between the... 

Glencore, Anglo rally loses steam as miners deliver on debt cuts

By: Bloomberg     23rd August 2016 Rescue plans unveiled by embattled mining companies Glencore Plc and Anglo American Plc in the past year have won over investors. Yet a rally in the stocks is stalling this month. Glencore is barely changed in August and Anglo is up less than 4% after they more than doubled in the year through... 

Mining lobbyists urge Canada to once more take global mining lead 

By: Creamer Media Reporter      22nd August 2016 Canada’s mining lobbies have outlined seven top priorities at the 73rd Energy and Mines Ministers’ Conference currently underway in Winnipeg, Manitoba, urging federal and provincial leadership to take action to regain Canada’s former title as the top mining destination in the world. The Canadian... 

Energizer starts FEED study on Molo project as Dundee becomes largest stakeholder

By: Henry Lazenby     22nd August 2016 There is progress at Energizer Resources’ Molo project after the company announced last week that a Dundee affiliate had become the largest shareholder at just under 20%, enabling Energizer to initiate a front end engineering design (FEED) study. Goodman & Company, Investment Counsel, one of... 

Premier advancing Zimbabwe projects

By: Megan van Wyngaardt     22nd August 2016 Aim-listed Premier African Minerals has extended the optimisation at its RHA tungsten project, in Zimbabwe, as the original 6 mm screen did not pass material in excess of 4 mm on average, necessitating the replacement of the panels with larger 10 mm panels. These are expected to be installed... 

Pilbara resources increase significantly ahead of DFS

By: Megan van Wyngaardt     22nd August 2016 Lithium developer Pilbara Minerals has seen a 136% increase in its total proved and probable ore reserve for its 100%-owned Pilgangoora lithium/tantalum project in Western Australia’s Pilbara region to 69.8-million tonnes, grading 1.26% lithium oxide (Li2O). This more-than-double upgrade was... 

Glencore ‘vindicated’ on zinc supply cuts, Morgan Stanley says

By: Bloomberg     22nd August 2016 Glencore’s decision to cut zinc output to fight a rout in prices last year has been vindicated as the metal has rallied in 2016, according to Morgan Stanley, which held out the possibility that the commodity trader may order restarts. “It turns out, cutting/waiting was a good plan,” Morgan... 

Glencore ‘vindicated’ on zinc supply cuts, Morgan Stanley says
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Bass already improving newly acquired graphite mine

By: Megan van Wyngaardt     22nd August 2016 ASX-listed Bass Metals on Monday reported that it had taken operational control of the Graphmada graphite mine, in Madagascar, consequently transitioning the company to the ASX’s only graphite producer. The transition follows approval by Stratmin Global Resources’ shareholders of the... 

ARM to report contraction in FY16 earnings

By: Natasha Odendaal     19th August 2016 JSE-listed African Rainbow Minerals (ARM) expects its headline earnings for the year ended June 30 to decline by between 36% and 41%, hit by a contraction in the average US dollar commodity prices realised, partially offset by the weaker rand. Headline earnings a share are anticipated to decrease... 

Vast Resources’ CFO to step down

By: Megan van Wyngaardt     19th August 2016 Aim-listed Vast Resources is in advanced discussions with a figure who will succeed Graham Briggs as nonexecutive director. Once the new appointment is made, Briggs will assume the role of CE of Vast's Zimbabwe operations. 

Kumba wins EY integrated reporting award

By: Anine Kilian     19th August 2016 Professional services firm EY has selected Kumba Iron Ore as the overall winner of its Excellence in Integrated Reporting Awards for 2016. For the awards, EY considered the top 100 JSE-listed companies and top State-owned entities (SOEs). The awards were adjudicated by the University of Cape... 

Rally in mining’s super commodity strained by race to fuel Tesla

By: Bloomberg     19th August 2016 Even the mining industry’s super commodity of the future may be unable to avoid the Achilles heel of all mineral producers – a recurring habit of busting a boom with too much supply. As miners of everything from copper to iron ore wrestled with losses driven by global surpluses, prices soared for... 

A commodities rebound is accelerating right on China’s doorstep

By: Bloomberg     19th August 2016 China may be slowing, but a commodities rebound is under way and the world’s biggest miner knows where the next growth story is building – emerging economies in Southeast Asia. Combined gross domestic product in the ASEAN-5 nations – Indonesia, Thailand, Malaysia, the Philippines and Vietnam –... 

A commodities rebound is accelerating right on China’s doorstep
BHP Billiton CEO Andrew Mackenzie

Australian resources group responds to security risks in Africa

By: Ilan Solomons     19th August 2016 With the rising threat of terrorism and other security concerns in Africa, the Australia-Africa Minerals & Energy Group (AAMEG) has drawn up an industry response to help ensure the safety and security of Australian companies and their employees working on the continent. The Perth-based AAMEG... 

Australian resources  group responds to security risks in Africa
TRISH O'REILLY Australia’s current security footprint in Africa is small in relation to the size of its involvement in Africa’s resources industry

China, India eyeing rare earths market dominance

By: Ilan Solomons     19th August 2016 An expert panel, in China, has ratified the formation of the China South Rare Earth Group. The group was jointly established by Ganzhou Rare Earth Group, Jiangxi Copper Group, Jiangxi Rare Earth and Rare Metals Tungsten Group. The group is a consolidation of 24 entities with a combined production... 

China, India eyeing rare earths market dominance
CHINA SOUTH RARE EARTH GROUP The group is a consolidation of 24 entities with a combined production capacity of 43 600 t/y and smelting capacity of 59 200 t/y

Congress key to addressing socioeconomic challenges

By: Nadine James     19th August 2016 Owing to the increasing relevance of the geosciences field and the insights and solutions to global socioeconomic challenges it holds, the thirty-fifth International Geological Congress (IGC) –  to be held at the Cape Town International Convention Centre from August 27 to September 4 –  is... 

Congress key to addressing socioeconomic challenges
PASSING THE TORCH The Thirty-fourth IGC president Neil Williams symbolically handing over the IGC to current copresident Professor Richard Viljoen

Decline in ore grades grows interest in geometallurgy

By: Nadine James     19th August 2016 The concept of geometallurgy is being researched by State-owned mineral research council Mintek’s Mineralogy division, owing to the global mining industry’s challenge of confronting declining grades and low-grade orebodies. The current lack of exploration, in addition to the finite number of... 

Decline in ore grades grows interest in geometallurgy
NOSIPHIWO NYAMANE Geometallurgical modelling absorbs a wider range of specialists, increasing opportunities for geologists and consulting companies

Drilling reveals high-grade zinc/copper at Prieska project

By: Mia Breytenbach     19th August 2016 ASX-listed Orion Gold has made a “strong start” to its maiden drilling programme at the Prieska Copper (PC) zinc/copper project, in the Northern Cape, with initial assays including grades of up to 21.7% zinc and 7.5% copper confirming and enhancing historical results. The PC mine, a key part of... 

Drilling reveals high-grade zinc/copper  at Prieska project
Photo by Bloomberg
HISTORICAL PERFORMANCE The Prieska Copper mine has a recorded historical production of 0.43-million tonnes of copper
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