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Diversified Miners News

Moratorium infers intention to circumvent agreement – Leon

By: Martin Creamer     21st July 2017 The mineral rights moratorium gazette notice of Mineral Resources Minister Mosebenzi Zwane infers an intention to circumvent the underlying purpose of the agreement reached with the Chamber of Mines, Herbert Smith Freehills’ Africa partner and co-chair, Peter Leon, said on Friday. In particular,... 

Oil, chemical weakness force IHS materials price index lower

By: Henry Lazenby     21st July 2017 The materials price index (MPI) from Global Insight by IHS Markit fell 0.7% last week, driven by weakness in the oil and chemicals sectors, the firm announced on Thursday. It was the MPI’s first decline since the middle of June, as weakness in oil, down 1.5%, and chemicals, down 3.9%, pulled the... 

Charter’s BEE ‘top-up’ provision may be unconstitutional

     21st July 2017 The new “top-up” provision in the latest Mining Charter gazetted on June 15, may prove to be unconstitutional and may lead to further expensive legal action by the mining industry, states Fasken Martineau partner and global mining group member Nicola Jackson. In a statement published on June 15,... 

Charter’s BEE  ‘top-up’ provision may be unconstitutional
GOVERNMENT PAYING LIP SERVICE? The controversial Mining Charter’s new procurement targets stipulate that 80% of services be performed by black economic-empowerment entities

Lack of confidence in black businesses cripples development

By: Nadine James     21st July 2017 Materials handling and alternative mining solutions expert Ncamiso Mining is expanding its presence in Welkom, where it sees strong potential to grow and support local black-owned and black economic-empowerment (BEE) entities across the various needs of their operations in the area. However,... 

Lack of confidence in black businesses cripples development
SYMBIOTIC RELATIONSHIP The sharing of knowledge and experience would prove invaluable to black-owned companies and, ultimately, benefit all the businesses in the mining sector

Pallinghurst eyeing London listing following Gemfields acquisition

By: David Oliveira     21st July 2017 Following Pallinghurst’s restructuring and successful acquisition of emerald miner Gemfields, the JSE-listed diversified miner will now commence with the preparatory work to potentially obtain a premium listing on the London Stock Exchange, with Gemfields delisting from London’s Aim stock... 

Pallinghurst eyeing London listing following Gemfields acquisition
Photo by Duane Daws
ARNE FRANDSEN The Pallinghurst CEO envisions Gemfields becoming the De Beers of coloured gemstones

Zim lithium, tantalum prospect returns ‘excellent’ test results

By: Ilan Solomons     21st July 2017 Diversified exploration and mining company Premier African Minerals reported “excellent results” from the initial metallurgical testwork study, which was completed by German materials testing and analysis company Dorfner Anzaplan on its wholly-owned Zulu lithium and tantalum project, in Zimbabwe... 

Zim lithium, tantalum prospect returns ‘excellent’ test results
LITHIUM LIKING The best flotation testwork on spodumene pegmatite achieved an overall lithium recovery of 81.8% and a concentrate containing 6.5% lithium oxide

Demand influence of a low-carbon future 

     20th July 2017 The World Bank has released a report on the potential impacts that the expected continuing boom in low-carbon energy technologies will have on demand for many minerals and metals. Mining Weekly editor Martin Creamer joins senior deputy editor Tracy Hancock in studio to discuss this further. 

Demand influence of a low-carbon future
Demand influence of a low-carbon future

Industry retaliates, dismisses Zwane's proposed moratorium as 'unlawful'

By: Samantha Herbst     20th July 2017 An outraged Chamber of Mines (CoM) has dismissed Mineral Resources Minister Mosebenzi Zwane’s proposed moratorium on new mining right applications as “unlawful”, owing to the damage that the proposal might inflict on the embattled mining sector and because, according to the chamber’s legal team,... 

Industry retaliates, dismisses Zwane's proposed moratorium as 'unlawful'
Law firm Webber Wentzel partner Jonathan Veeran

Diamond output leap helps Anglo

By: Martin Creamer     20th July 2017 A sharp rise in rough diamond production at a time of stable diamond trading conditions has boosted diversified mining company Anglo American in the three months to June 30, when overall production was 8% up on a copper-equivalent basis. Rough diamond production increased by 36% to 8.7 million... 

Diamond output leap helps Anglo
Photo by Duane Daws
Anglo American CEO Mark Cutifani

South32 reports lower FY production for most commodities

By: Esmarie Swanepoel     20th July 2017 Diversified miner South32 on Thursday reported an increase in production across most of its portfolio for the three months to June, compared with the previous quarter, but its full-year performance was lower for several commodities. The Perth-headquartered group, which operates in Australia and... 

South32 reports lower FY production for most commodities
Graham Kerr

Activist fund Elliott adds potash to list of BHP grievances

By: Reuters     20th July 2017 Activist shareholder Elliott Management said it has deep concerns over a proposal by BHP to enter the currently over-supplied fertiliser market, reiterating its call for change at the mining giant. BHP has signaled it may push ahead with its long-dormant Jansen potash mine in Canada in a... 

BMI index shows policy determines market attractiveness in Latin America

By: Henry Lazenby     20th July 2017 With policy being of the utmost importance when determining market attractiveness, countries with reliably stable  business environments will continue to dominate the top mining risk/reward index scores in the Americas, reflecting miners' prioritisation of reducing risk, given a volatile mineral... 

Zwane seeks to restrict granting of new prospecting, mining rights

By: Creamer Media Reporter      19th July 2017 Mineral Resources Minister Mosebenzi Zwane on Wednesday gazetted a proposal to restrict the granting of any new applications for prospecting or mining rights and the processing of applications for the renewal of prospecting or mining rights. The proposal is also aimed at restricting the transfer... 

Pallinghurst setting out to revitalise Gemfields as 100% owner

By: Martin Creamer     19th July 2017 Owning 100% of Gemfields will allow diversified mining company Pallinghurst to revitalise the coloured gemstones mining and marketing entity and to unlock synergies, Pallinghurst CEO Arne Frandsen said on Wednesday, when the London Stock Exchange aspirant commenced its compulsory take up of the... 

Pallinghurst setting out to revitalise Gemfields as 100% owner
Photo by Duane Daws
Pallinghurst CEO Arne Frandsen

Ivanhoe appoints two more financiers to find funds for Platreef

By: Samantha Herbst     19th July 2017 Africa-focused platinum-group metals (PGM) miner Ivanhoe Mines has appointed mine-financing institutions KfW IPEX-Bank and the Swedish Export Credit Corporation (SEK) to arrange project financing for the development of the Platreef project in South Africa’s Limpopo province. The German... 

Ivanhoe appoints two more financiers to find funds for Platreef
Ivanhoe chairperson Robert Friedland

BHP invests A$350m in Olympic Dam

By: Esmarie Swanepoel     19th July 2017 Mining major BHP will invest A$350-million into its Olympic Dam operations, in South Australia, in a smelter maintenance campaign. Olympic Dam asset president Jac 

BHP hits iron-ore target, forecasts higher output in 2018

By: Esmarie Swanepoel     19th July 2017 Diversified major BHP has increased its production expectations for iron-ore, copper and metallurgical coal in 2018, on the back of solid results for the year ended June. The miner on Wednesday reported that it had achieved production guidance at its petroleum and iron-ore divisions during the... 

BHP hits iron-ore target, forecasts higher output in 2018
BHP CEO Andrew Mackenzie

Construction on Exxaro’s new offices to start in September

By: Anine Kilian     18th July 2017 Real estate investment trust Growthpoint Properties has started the multimillion-rand development of a new head office for diversified miner Exxaro Resources. Exxaro’s new corporate headquarters will consolidate its current offices in Pretoria and Johannesburg into a single workspace, located at... 

New local fluorspar mine set to lead globally in production volume, quality and cost

By: Mia Breytenbach     18th July 2017 The new R1.7-billion Nokeng fluorspar mine in Gauteng, the development of which got under way last month, is expected to lead in terms of production volume and quality, and to rank “in the bottom cost quartile when it reaches full production in 24 months”, says SepFluor CEO Rob Wagner. Speaking... 

Demand growth for some metals may exceed 1 000% – World Bank

By: Martin Creamer     18th July 2017 A new World Bank report highlights the potential impacts that the expected continuing boom in low-carbon energy technologies will have on demand for many minerals and metals, including Southern Africa's platinum, manganese and chrome. Using wind and solar energy, and energy storage batteries, as... 

Rio Tinto cuts iron-ore and coal guidance

By: Esmarie Swanepoel     18th July 2017 Diversified major Rio Tinto has revised its full year production guidance for iron-ore and coal, as rail maintenance in the Pilbara and Cyclone Debbie in Queensland, took their toll. During the three months to June, Rio Tinto produced 79.8-million tonnes of iron-ore from its Pilbara operations... 

Rio Tinto cuts iron-ore and coal guidance

Divisive $13bn potash plan to test BHP's new chairman

By: Bloomberg     17th July 2017 BHP Billiton’s plan to enter the potash market with a contentious $13-billion project in Canada is adding to challenges facing the incoming chairman of the world biggest mining company. Ken MacKenzie, a 53-year-old board member who takes up the role in September, currently is on a global tour... 

Divisive $13bn potash plan to test BHP's new chairman
BHP incoming chairperson Ken MacKenzie

Nine recommended improvements should charter renegotiation ensue

By: Martin Creamer     17th July 2017 The agreed suspension of the implementation of the controversial Mining Charter Three may present an opportunity for the parties to negotiate a revised version that reflects terms acceptable to all parties. If so, the renegotiated charter should contain at least nine improvements, say Herbert... 

Nine recommended improvements should charter renegotiation ensue
Photo by Duane Daws
Herbert Smith Freehills Africa partner and co-chair Peter Leon

Top mining nation readying fresh investment wave as prices rally

By: Bloomberg     17th July 2017 Mining companies in Australia, the world’s biggest exporter of iron-ore and coal, are poised to approve fresh investments in projects, driven by rallying commodity prices and the need to replace depleting deposits, according to global equipment supply giant Komatsu. “They’re looking at new... 

North American metals and mining sector provides weak covenant protections – Moody’s

By: Henry Lazenby     15th July 2017 High-yield bonds issued in the metals and mining sector provide weak covenant protection, Moody's Investors Service says in a new report issued on Friday. The average covenant quality (CQ) score under the credit rating agency's scoring criteria for the 56 North American metals and mining... 

USW threatens walkout at Teck's Highland Valley Copper ops

By: Henry Lazenby     15th July 2017 Members of the United Steelworkers Union (USW) will vote on Sunday whether to stage a walkout at Canadian diversified miner Teck Resources’ Highland Valley Copper mine. About 1 050 workers said they have been working without a collective agreement in place since last year and now, against a... 

Chamber wins round one in battle against mining charter

By: Martin Creamer     14th July 2017 In what is a clear first round victory for the Chamber of Mines of South Africa against the errant Department of Mineral Resources (DMR), Mineral Resources Minister Mosebenzi Zwane has agreed to suspend the implementation of the controversial Mining Charter Three until after the High Court has... 

Chamber wins round one in battle against mining charter
Chamber CEO Roger Baxter – chamber wins first round in fight against devastating Mining Charter Three

Africa needs to embrace Industry 4.0

By: Simone Liedtke     14th July 2017 Owing to challenges, such as depressed commodity prices, declining revenues, increasing production costs and high energy costs, the African mining industry needs to embrace new solutions based on the Industry 4.0 industrial transformation, states engineering company Bosch mining key account... 

Africa needs  to embrace Industry 4.0
LANDRY MEYA Industry 4.0 cannot be prevented, as many challenges are resolved or addressed by this trend

Beneficiation remains key to realising African Mining Vision

By: Simone Liedtke     14th July 2017 The key to the Africa Mining Vision (AMV) achieving its goals is to bring processing to the source of mineral production, says African Union Commission senior industry adviser Frank Mugyenyi, noting that this amounts to adding industries where African countries are exporting raw material. 

Beneficiation remains key to realising African Mining Vision
FRANK MUGYENYI The African Mining Vision calls on African countries to add value to mineral resources in Africa by taking advantage of backward and forward linkages

Demand for African resources, but common codes needed

By: Simone Liedtke     14th July 2017 African mining has entered into the new up-cycle for commodities, which is fuelled by the economic growth profile in the eastern hemisphere – which includes China, Mongolia and the Pacific rim region, as well as the global uncertainty over the value of and the sustained availability of ‘cash-money’. 

Demand for African resources, but common codes needed
A CASE FOR MAJORS Bulk commodities are for major investors only, as these require substantially ‘deep pockets’

Diversified openpit miner looks to entire continent for growth

By: Simone Liedtke     14th July 2017 Multidisciplinary openpit mining company Afrimat intends to develop its strategy of growth through diversification further by exploiting new opportunities in Africa by remaining “agile and entrepreneurial”. 

Diversified openpit miner looks to entire continent for growth
DIRO IRON-ORE MINE Afrimat is aiming to reach a production rate of one-million tons a year of saleable product

Industrial gear gaining traction across Africa

By: Nica Schreuder     14th July 2017 The X Series is quickly establishing a footprint in Africa, as it is the preferred industrial gear unit specified by drive engineering specialist SEW-Eurodrive for the mining industry, says the company. SEW-Eurodrive head of projects Rudi Swanepoel notes that the completion of a project for a... 

Liberia makes progress in reporting stakes despite Ebola, Mali also improving

By: Ilan Solomons     14th July 2017 Liberia has undergone its first Extractive Industries Transparency Initiative (EITI) validation in terms of the EITI standard and has demonstrated “meaningful progress” despite a disruption bought about by the Ebola epidemic. The EITI is a global reporting standard aimed at promoting open and... 

Liberia makes progress in reporting stakes despite Ebola, Mali also improving
Photo by EITI
EDDIE RICH Liberia’s pioneering implementation of the EITI has had a direct impact on the development of the EITI standard

Mali gold project production targeted for December

By: Simone Liedtke     14th July 2017 Multi-asset gold company Hummingbird Resources is developing the advanced Yanfolila gold project, in Mali, as a low-cost, high-grade openpit mining operation, with first gold production targeted for December. 

Mali gold project production targeted  for December
YANFOLILA GOLD MINE The overall investment to bring the project into production will be around $88-million

Mining Charter Three unpacked ahead of court hearing

By: Mia Breytenbach     14th July 2017 Ahead of the High Court of South Africa’s hearing, on July 18, to decide on an interdict to halt the implementation of the revised Mining Charter, Deloitte Africa Energy and Resources leader Andrew Lane last week said the mining industry had to take a broader view of the charter, focus and... 

Mining Charter Three unpacked ahead of court hearing
Photo by Duane Daws
MOSEBENZI ZWANE Zwane published the Mining Charter on June 15, which was received with much turbulence and controversy

Mining companies urged to make better use of digital technology

By: Ilan Solomons     14th July 2017 Struggling with commodity prices, declining ore grade and operational challenges, South African miners have no choice but to focus on creating operational excellence to buffer against declining margins, says research and consultancy firm the International Data Corporation (IDC). IDC worldwide... 

Mining companies urged to make better use of  digital technology
Photo by SAP
INTERGRATING SYSTEMS Creating operations that are interconnected digitally and built on processes enabled by data to deliver responsive and agile operations is of ‘critical importance’

Pockets of potential bode well for future

By: Nica Schreuder     14th July 2017 The expected turning point in the African mining sector has not yet occurred, owing to continued soft economic growth in emerging economies allied to uneven global economic recoveries, divergent monetary policies and significant geopolitical/social issues, which continue to create further... 

Pockets of potential bode well for future
PIONEERING TECHNOLOGY The boiler emission abatement plant at platinum miner Impala Platinum’s refinery, in Springs is believed to be the first of its kind in Africa

Power increasingly expensive input cost in Southern African mining

By: Simone Liedtke     14th July 2017 In Southern Africa, power is becoming a far higher input cost in industries and processes than it was in the past, says mining ventilation solutions provider TLT Actom director Craig Johnston, highlighting that one of the major input costs at any underground mine or process plant is that of... 

Power increasingly expensive input cost in Southern African mining
TOTAL VENTILATION One of the major input costs at any underground mine or process plant is that of ventilation or air used in the process
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