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Benchmark ferrochrome price settled 6% lower – Merafe

By: Martin Creamer The European benchmark price of ferrochrome has been settled 6% lower for the first quarter of next year, the JSE-listed Merafe Resources said on Friday. The price of $1.08/lb for the first quarter of 2015 is seven cents a pound lower than the current $1.15/lb price of the fourth quarter of 2014. 

Iluka eyes end to US operations

By: Esmarie Swanepoel Mineral sands miner Iluka Resources has warned of a possible A$86-million impairment over its US operations, as mine plans for these operations were adapted. The company has mining and processing operations at two mine sites in Virginia, as well as a separation plant at the nearby Stony Creek.... 

BHP Billiton marks China iron-ore shipping milestone

By: Esmarie Swanepoel Mining giant BHP Billiton this week shipped its one billionth tonne of iron-ore to China. CEO Andrew Mackenzie said on Friday that China was of immense importance to BHP and to Australia as a whole, with the company striving to develop closer ties with the Asian nation and to contribute to its... 

Waning investor confidence, weak commodity prices among factors limiting growth of African mining sector

By: Jade Davenport Along with the Arctic, sub-Saharan Africa remains the most underexplored and highly prospective mineralised region on earth. However, despite its ‘open for business’ approach and myriad investment opportunities – in terms of greenfield and brownfield projects across the commodity spectrum –... 

Waning investor confidence, weak commodity prices  among factors limiting growth of African mining sector

Future sustainability hinges on step change in mining business model

By: Chantelle Kotze A complete step change in the current mining business model in South Africa is required for the industry to survive in future, believes global consulting firm Deloitte Africa energy and resources leader Andrew Lane, adding that the only way to ensure sustainable growth and deliver a return to... 

Tighter coal market in sight – Glencore

By: Martin Creamer A natural tightening of the coal market as a result of demand catching up with supply will happen in the near future, says Glencore Coal CEO Peter Freyberg. Freyberg, who was addressing Glencore’s investor day, made the point that coal is not in the same over-supply situation as iron-ore and that... 

Tighter coal market in sight – Glencore
Photo by Bloomberg
Peter Freyberg

Future S African mining technology investment focused on safety issues

By: Chantelle Kotze The top two areas for future technology investment in the mining sector are fatigue management and collision avoidance/proximity-detection tools, tackling daily safety issues faced by operators, reveals Research and Markets. 

Future S African mining technology investment focused on safety issues

Capital misallocation lowering commodity prices – Glencore

By: Martin Creamer Capital misallocation, not a lack of demand, remained the key factor in the current low level of several commodity prices, Glencore CEO Ivan Glasenberg said on Wednesday. Highlighting the need to differentiate by commodity in allocating capital, Glasenberg said at the company’s investor day in... 

Capital misallocation lowering commodity prices – Glencore
Photo by Duane Daws
Ivan Glasenberg

Mwana shareholder, director take company to court

By: Natalie Greve The China International Mining Group Corporation (CIMGC) – a “substantial” shareholder in pan-African resources group Mwana – and Mwana nonexecutive director and CIMGC associate Yat Hoi Ning have filed a petition at the High Court of Justice, Companies Court in London, against the company and... 

MZI terminates deferred payments and royalties

By: Esmarie Swanepoel The share price of mineral sands developer MZI Resources rose on Thursday on news that the company had terminated a deferred payment and royalty with Stirling Resources, and had instead reached a settlement. In 2013, MZI had agree to pay A$1-million as a deferred payment to Stirling, no later... 

Mining on cusp of business transformation – Dassault Systèmes

By: Martin Creamer The mining industry is on the cusp of business transformation similar to what manufacturing experienced decades ago, says Dassault Systèmes VP natural resources Marni Rabassó. During the time that mining was able to ride the commodity price curve without feeling too much pressure to change, the... 

Mining on cusp of business transformation – Dassault Systèmes
Marni Rabassó

Anglo striving to end SA coal productivity lag, eyeing 40% iron-ore HQ cut

By: Martin Creamer Hugely lagging productivity in Anglo American’s South African thermal coal operations is coming under intense scrutiny and head office roles at Kumba Iron Ore may be cut by 40%. In response to Mining Weekly Online query on the accuracy of the claim that productivity on Anglo’s coal-mines in South... 

Anglo striving to end SA coal productivity lag, eyeing 40% iron-ore HQ cut
Photo by Duane Daws
Mark Cutifani

Premier orders $2.2m process plant for Zim tungsten project

By: Natalie Greve Multicommodity natural resources company Premier African Minerals has placed an order for a $2.2-million processing plant for its 49%-owned RHA tungsten project (RHA) in Zimbabwe, advancing the miner’s goal of reopening the mine. The process plant was designed to meet a throughput of 16 t/h or 8... 

Savannah confirms higher-grade mineral sands at Moz play

By: Natalie Greve Follow-up drilling at Aim-listed Savannah Resources’ 180 km² Jangamo heavy mineral sands (HMS) project, in southern Mozambique, has confirmed zones of higher-grade HMS. Savannah CEO David Archer said in a statement on Monday that the resource drilling programme had returned “good” grades of... 

BHP unveils name of spin-off company

By: Esmarie Swanepoel Diversified major BHP Billiton on Monday revealed that its demerged company would be named South32 to reflect its Southern Hemisphere roots. BHP is spinning off some of its aluminium, coal, manganese, nickel and silver assets, worth an estimated $16-billion, into a newly listed company.  

BHP unveils name of spin-off company
South32 CEO-elect Graham Kerr

Hastings raises cash for rare earths PFS

By: Esmarie Swanepoel Junior developer Hastings Rare Metals has raised A$6.5-million through a share placement to fund a prefeasibility study on its Yangibana rare earths project, in Western Australia. Hastings told shareholders on Monday that it would place about 93.5-million new fully paid ordinary shares, at a... 

Migrant workers not responsible for unemployment – Vavi

By: Sapa Migrant workers from Africa who seek employment in South Africa should not be blamed for the country's unemployment and poverty, Congress of South African Trade Unions (Cosatu) general secretary Zwelinzima Vavi said on Friday. "We have to fight relentlessly against attempts to shift the blame for... 

Migrant workers not responsible for unemployment – Vavi
Photo by Duane Daws
Cosatu general secretary Zwelinzima Vavi

Chamber, Parliament pledge support for govt stamp-out of illegal mining by February

By: Reuters While it is unclear whether illegal mining in and around South African mines is on the increase or decrease, Department of Mineral Resources (DMR) Deputy Minister Godfrey Oliphant was quoted in Mining Weekly in September as saying that the department wanted to see “stability” in the fight against... 

Chamber, Parliament pledge support for govt stamp-out of illegal mining by February

Resource exports help narrow Oz trade deficit

By: Esmarie Swanepoel A surge in resources and manufacturing exports has led to a narrowing of Australia’s trade deficit, Trade and Investment Minister Andrew Robb said this week. Quoting the latest Australian Bureau of Statistics (ABS) data, he revealed that the trade deficit had narrowed by 40.8% to A$1.3-billion in... 

Resource exports help narrow Oz trade deficit

Rio Tinto on path to sustainable increased shareholder returns

By: Natasha Odendaal Diversified mining giant Rio Tinto on Thursday vowed to “sustainably” increase cash returns to shareholders from next year, and for decades to come. Despite a challenging near-term outlook, the company’s Tier 1 assets, a relentless focus on financial discipline, improved earnings before interest,... 

Rio Tinto on path to sustainable increased shareholder returns

WA market battered by iron-ore, oil price slump

The market capitalisation of Western Australia-listed companies decreased by 9.3% in November, to close the month at $128.5-billion on the back of weaker commodity prices, advisory firm Deloitte said on Thursday, quoting figures from its latest WA Index. Iron-ore and crude oil, two of the most... 

ARM warns H1 headline earnings to be 45% lower

By: Creamer Media Reporter JSE-listed African Rainbow Minerals (ARM) on Wednesday informed shareholders that its headline earnings for the six months ended December 31, at R1.05-billion, were likely to be at least 45% lower than the R2.34-billion reported in the first half of the prior financial year. Similarly, headline... 

Kenmare appoints new COO

By: Creamer Media Reporter Mozambique-focused mineral sands producer Kenmare Resources has appointed Richards Bay Minerals mining GM Ben Baxter as its COO as from January. He would succeed Jacob Deysel, who was stepping down at the end of this year to pursue other opportunities. 

Australian miners wary of Indian risks

By: Ajoy K Das Australian miners were rushing for opportunities in Indonesia and Africa, but were hesitant to back India’s resource projects owing to country risk, Australian trade adviser Melissa Carter said. Speaking on the eve of the International Mining and Machinery Exhibition, in Kolkata, organised by... 

Australian deal pipeline building – EY

By: Esmarie Swanepoel Consolidation in the Australian gold and coal sectors is set to continue in 2015, advisory firm Ernst & Young (EY) Oceana mining and metals transaction leader Paul Murphy said this week. Gold consolidation has been a key driver of transaction activity in Australia, accounting for 30 of the 85... 

Australian deal pipeline building – EY

Toronto-listed miners faced tough but improved conditions over 2014 

By: Simon Rees The Toronto Stock Exchange (TSX) and Toronto Venture Exchange (TSX-V) witnessed an improved level of financings across 2014, while the avalanche of companies predicted to delist failed to materialise, TMX head, business development, global mining TSX and TSXV Carlos Espinosa told members of the... 

Toronto-listed miners faced tough but improved conditions over 2014

Venter in surprise Exxaro exit 

By: Martin Creamer Diversified mining company Exxaro sprung a surprise on Monday when it revealed that its projects and ferrous head Ernst Venter would be leaving its employ at the end of February. The JSE-listed company said that Venter had opted to pursue other career opportunities outside of the Exxaro group. 

Venter in surprise Exxaro exit
Photo by Duane Daws
Ernst Venter

Anglo American announces support for 2016 International Aids Conference

By: Creamer Media Reporter Diversified mining major Anglo American has announced that it will be the lead private sector company supporting the 21st International Aids Conference taking place in July 2016, in Durban, South Africa. The International Aids Conference is held every two years and is the leading global event for... 

Anglo American announces support for 2016 International Aids Conference
Anglo American executive director Khanyisile Kweyama

Queensland’s resources plan gains funding from QRC, state govt

By: Esmarie Swanepoel The Queensland Resources Council (QRC) and the state government would each contribute A$1-million over the next year to launch the ResourcesQ action plan. The 30-year plan was aimed at driving economic growth, developing regions and creating jobs in the resources industry. 

Greenland's ruling party to seek coalition after narrow election win

By: Reuters Greenland's ruling Siumut Party narrowly won a snap election, results showed on Saturday, but its new leader Kim Kielsen will need to build a coalition to form a government to deal with a shrinking economy and reassure foreign investors. The fall of premier Aleqa Hammond last month in an expenses... 

Mining, independence at stake as Greenland goes to the polls

By: Reuters Greenlanders go to the polls on Friday with hopes for a mineral-rich independence from Denmark foundering on the reality of a tiny, shrinking economy. The fall of premier Aleqa Hammond last month in an expense scandal has muted the nationalist rhetoric that promised independence based on wealth... 

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