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Diversified Miners News

Chamberlain chosen as LME chief with mandate to reform

By: Reuters     22nd April 2017 Matt Chamberlain was named London Metal Exchange (LME) chief executive on Friday, with a mandate from its owner the Hong Kong bourse to reform the world's largest and oldest metals market. Chamberlain, 35, had been acting CEO since January, when a combination of falling trading volumes and a... 

Conflict-free cobalt to remain industry question, opportunity as DRC dominates supply

By: Henry Lazenby     22nd April 2017 Sourcing conflict-free cobalt for application in new technologies, such as lithium-ion batteries, will remain both a concern and an opportunity for manufacturers for years to come, as production is dominated by the politically unstable Democratic Republic of Congo (DRC). The Central African... 

Strengthening fundamentals continue to bolster ‘new age’ metals outlook

By: Henry Lazenby     22nd April 2017 ‘Big money’ investors are increasingly looking to invest in the relatively small ‘new-age metals’ space, comprising metals such as lithium, graphite and cobalt, as strengthening fundamentals for these minerals and an unprecedented high-impact investment opportunity draw the potential for bonanza... 

Strengthening fundamentals continue to bolster ‘new age’ metals outlook

Vedanta's Black Mountain Mining sets up 7-year Esop

By: Megan van Wyngaardt     21st April 2017 Black Mountain Mining (BMM), a subsidiary of LSE-listed Vedanta’s Zinc International business, has established a seven-year employee share ownership plan (Esop), with 6% of BMM’s shares issued to an employee-held trust on April 1. The Esop was established following talks with the National Union... 

Armadale receives encouraging results for graphite project

By: Megan van Wyngaardt     21st April 2017 Initial testwork at Armadale’s Mahenge Liandu graphite project, in Tanzania, continue sto indicate that it is capable of producing high-quality graphite concentrates, with possible expansion up to 480 cm³/g. The Aim-listed company said the results further increase the range of potential... 

Bluejay focuses on starting Pituffik operations next year

By: Megan van Wyngaardt     21st April 2017 Aim-listed Bluejay Mining has established Dundas Titanium, a Greenlandic domiciled subsidiary, to operate its Pituffik titanium project, in Greenland. “The subsidiary was created to facilitate the permitting process, which will culminate in the lodging of the exploitation application later in... 

BHP announces Qld coal investment

By: Esmarie Swanepoel     21st April 2017 Mining giant BHP Billiton and its coal joint venture (JV) partner Mitsubishi have approved a $204-million investment in the Caval Ridge Southern Circuit (CRSC) project, in central Queensland. The project will create up to 400 new construction jobs and will require 200 ongoing operational roles. 

BHP announces Qld coal investment

Bushveld subsidiary, Chinese firm to build coal-fired power plant in Madagascar

By: Mia Breytenbach     21st April 2017 Aim-listed Bushveld Minerals subsidiary Lemur Resources has signed a memorandum of understanding (MoU) with Chinese State-owned hydropower engineering and construction company Sinohydro Corporation to codevelop an initial 60 MW independent power producer (IPP) coal-fired power plant and an... 

Bushveld subsidiary, Chinese firm to build coal-fired  power plant in Madagascar
Photo by Bloomberg
POWER SOURCE Lemur Resources’ mine in southern Madagascar is expected to supply coal to the Imaloto Independent power producer plan

ETFs act as market indicator for precious metals, ensuring improved transparency

By: Ilan Solomons     21st April 2017 Precious metal exchange-traded funds (ETFs) have evolved a long way from being the new kids on the metals investment scene. ETFs now act as a market barometer for underlying investor demand and a potential window into future metal demand and prices, says banking group Standard Bank Corporate and... 

ETFs act as market indicator for precious metals, ensuring improved transparency
Photo by Johnson Matthey
PRECIOUS PREDICTOR ETFs can be used to track and predict broader industry changes and developments, particularly in the gold, platinum, palladium and rhodium industries

Peru uranium/lithium mine to come on stream in 2020 – developer

By: Ilan Solomons     21st April 2017 Project developer Plateau Uranium aimed to have its Macusani Plateau uranium and lithium project, in Peru, in production by 2020 to be prepared to take advantage of analysts’ forecasts of a uranium supply deficit by then, said president and COO Dr Laurence Stefan at a seminar hosted by the... 

Peru uranium/lithium mine to come on stream in 2020 – developer
Photo by Plateau Uranium
MACUSANI PLATEAU EXPLORATIONS About C$50-million has been spent on historical exploration workings on the project to date

Report highlights jobs and revenue impact of automation in mining

By: Ilan Solomons     21st April 2017 Local communities and governments will lose jobs and tax revenues as mines become increasingly automated through the adoption of emerging technologies, such as self-driving trucks. This is according to the recently released ‘Mining a Mirage?: Reassessing the shared-value paradigm in light of the... 

Report highlights jobs and revenue impact of automation in mining
AUTOMATION PITFALLS The automation of mines will result in less local employment and personal income tax revenue for States and the reduction in employment-related local procurement

Fast-tracking, reopening South African potential 

     20th April 2017 Three companies have recently made encouraging announcements regarding the development of past mining projects in South Africa. Mining Weekly editor Martin Creamer joins senior deputy editor Tracy Hancock in studio to discuss this reinvigoration. 

Fast-tracking, reopening South African potential
Fast-tracking, reopening South African potential

Alphamin appoints Swanepoel, Baloyi to board; starts mine boxcut construction

By: Megan van Wyngaardt     20th April 2017 TSX-listed Alphamin Resources, which is developing the Bisie tin project, in the Democratic Republic of Congo, has appointed Bernard Swanepoel and Paul Baloyi to its board. Swanepoel currently also serves on the boards of miners Impala Platinum, Zimplats, eXtract Limited, African Rainbow Minerals... 

Rio Tinto iron-ore, coal production hit by heavy rains

By: Esmarie Swanepoel     20th April 2017 Diversified giant Rio Tinto has seen production decline across its asset portfolio, as the Western Australia and Queensland operations were impacted by wet weather conditions during the three months to March. Iron-ore production from the Pilbara operations declined by 10% compared with the... 

Rio Tinto iron-ore, coal production hit by heavy rains

Americas Silver gains momentum in transition to low-cost producer by 2018

By: Henry Lazenby     19th April 2017 Bolstered by improving silver and base metals prices, junior miner Americas Silver is in the home stretch to deliver on a four-year turnaround strategy at its two operating mining complexes in Sinaloa state, Mexico and Idaho, in the US. “We have a lot of intrinsic value that’s about to be... 

Americas Silver gains momentum in transition to low-cost producer by 2018

Arconic CEO resigns amid pressure from Elliott

By: Reuters     17th April 2017 US specialty metals maker Arconic Inc's chief executive, Klaus Kleinfeld, resigned on Monday amid attempts by activist hedge fund Elliott Management to replace the company's directors and top executives. Arconic's shares rose as much as 9.8% to $28.44 in early trading. 

Noront, Marten Falls First Nation ink exploration and project advancement agreement

By: Henry Lazenby     14th April 2017 The largest landholder in the so-called Ring of Fire, an emerging base and precious metals mining camp in Northern Ontario, has signed an exploration and project advancement agreement with the Marten Falls First Nation (MFFN). The accord stipulates compensation for work already completed on... 

2017 important for industry growth in Nigeria

By: Johane Turkstra     14th April 2017 With the introduction of the Nigerian mining-growth roadmap, 2017 will be an important year for sector development and industry growth in the country, and Mining Investment Africa endeavours to be part of this engine of growth, says event organiser Spire Events MD Daniel Radziszewski. The... 

2017 important for industry growth in Nigeria
DRAWING DELEGATES In Nigeria last year, Mining Investment Africa attracted more than 150 international and local delegates

Bushveld Minerals to proceed with Namibia tin project acquisition

By: David Oliveira     14th April 2017 Diversified mineral development company Bushveld Minerals will pursue the acquisition of the Uis tin project, in Namibia, following the successful completion of a due diligence. Accordingly, Bushveld's wholly-owned subsidiary tin platform Greenhills Resources has signed a sale of shares and... 

Geospatial surveys the solution to map West Africa

By: Johane Turkstra     14th April 2017 Airborne geophysics can cost effectively uncover valuable metal deposits in largely underexplored West Africa to allow for growth in the region’s mining sector, airborne electromagnetic technology pioneer Spectrem Air geophysics manager Dr David Khoza tells Mining Weekly. “Countries like Ghana,... 

Geospatial surveys the solution to map West Africa
DAVID KHOZA Airborne geophysics is the most cost-effective method to produce a geological map that can be used in follow-up exploration

Guinea stable, predictable investment destination – Ministry

By: Johane Turkstra     14th April 2017 Guinea is suitable for mining investment, says the Guinea Ministry of Mines and Geology, which will host Symposium Mines Guinea 2017 in Conakry, the country's capital, next month, in partnership with emerging markets-focused business-to-business event organiser AME Trade. The Ministry says the... 

Guinea stable,  predictable investment destination – Ministry
SHARING VISION The yearly Sumposium Mines Guinea conference reflects government of Guinea’s vision of transformational investment

Mines seeking to ensure safe, productive operations

By: Ilan Solomons     14th April 2017 Amid the scramble to acquire capital for reinvestment in the mining industry, a group of executives participated in a roundtable discussion at the recent 2017 Investing in African Mining Indaba, in Cape Town, to deliberate ways of escaping the ‘boom-and-bust’ cycle endemic to the mining industry.... 

Mines seeking to ensure safe, productive operations
SAFETY SPOTLIGHT Cultural changes within organisations are imperative to drive actual improvement in safety standards at mines

Mobile power plants mooted as solution to African mines’ electricity woes

By: Ilan Solomons     14th April 2017 One of the main topics of discussion at the recent 2017 Mining Indaba revolved around power supply to mines on the continent. With official power distribution grids only covering around 40% of Africa, a substantial number of mining operations are responsible for their own power generation, says... 

Mobile power plants mooted as solution  to African mines’ electricity woes
REDUCING CONCERNS By farming out electric generation to a fast-track power provider, mining companies can eliminate the challenges that divert from their core focus of extracting minerals

Strong lithium prices predicted until at least 2021

By: Ilan Solomons     14th April 2017 Lithium prices are likely to remain elevated at around $9 500/t till at least 2021, which is a significant increase on its historic pricings of $6 500/t. This is attributable to rising demand and impending supply deficits from 2019, says lithium and rare earth elements assets developer Cadence... 

Strong lithium prices predicted until at least 2021
Photo by Reuters
IN DEMAND Cadence Minerals believes that the increased demand for electric vehicles is a significant driving force behind the increased demand for lithium worldwide

W African countries underperformers in SSA risk/reward rating

     14th April 2017 Mining in sub-Saharan Africa (SSA) is most under strain in West Africa, according to research firm BMI Research, a Fitch Group company. BMI published its ‘Industry Risk/Reward Index (RRI) – sub-Saharan Africa (SSA) Mining: Future Sector Growth to be Hampered by Business Environment’ report on... 

W African countries underperformers in  SSA risk/reward rating
BOTTOM OF THE LOG Sierra Leone, Liberia and Mauritania are the bottom three countries on BMI Research’s sub-Saharan Africa mining Risk/Reward Index

Sierra Metals lifts Bolivar, Cusi resources

By: Henry Lazenby     13th April 2017 Toronto- and Lima-listed Sierra Metals has updated the compliant resources and reserves for both its Bolivar and Cusi copper mines, in Mexico’s Chihuahua state. At Bolivar, the Toronto-based miner reported a new probable reserve of 4.3-million tonnes grading 1.18% copper equivalent comprising... 

Codelco awards design contract for eighth phase of Talabre tailings expansion to SNC-Lavalin

By: Henry Lazenby     13th April 2017 TSX-listed engineering and construction group SNC-Lavalin has been awarded a contract by Corporación Nacional del Cobre de Chile (Codelco), one of the largest copper producers in the world, to provide detailed design services for the Talabre tailings expansion Phase VIII project, located in the... 

Taseko output rises somewhat while molybdenum prices gain traction

By: Henry Lazenby     13th April 2017 British Columbia-based base metals producer Taseko Mines has produced 41.3-million pounds of copper and 900 000 lb of molybdenum during the first quarter ended March, which was marginally higher than the fourth quarter, but benefitted from continued relative copper price strength and a molybdenum... 

CoM sees green shoots in mining industry as job losses wane

By: Megan van Wyngaardt     13th April 2017 The Chamber of Mines (CoM) on Thursday said that, despite general uncertainty about the global economy and the direction and sustainability of commodity prices, as well as domestic cost and policy pressures, it seems as if there are “green shoots” of improvements “if one [looks] carefully”. Its... 

Rio Tinto’s Du Plessis says regulatory probes receiving full board attention

By: Esmarie Swanepoel     13th April 2017 The outgoing chairperson of diversified miner Rio Tinto, Jan du Plessis, has reaffirmed that the company is working with authorities on regulatory investigations relating to its operations in Guinea and Mozambique. The US Securities Exchange is conducting an investigation relating to the... 

Rio ponders future in Indonesia's Grasberg copper mine

By: Reuters     12th April 2017 Diversified miner Rio Tinto said on Wednesday it was continuing talks on the long-term future of its stake in the Grasberg copper mine in Indonesia and one of its top executives would visit the country for talks over the coming weeks. Mine operator Freeport McMoRan's exports of copper concentrate... 

Rio Tinto to proceed with Antipa’s Citadel farm-in

By: Megan van Wyngaardt     12th April 2017 Mining giant Rio Tinto, through its Rio Tinto Exploration subsidiary, has elected to proceed to the second stage of a farm-in agreement for ASX-listed Antipa’s Citadel project, in Western Australia. The second stage of the farm-in will see the miner invest $8-million of exploration expenditure in... 

BHP says DLC restructure to destroy $1.3bn in value, waste franking credits

By: Megan van Wyngaardt     12th April 2017 The proposal by BHP Billiton’s activist shareholder Elliott Advisors that the company scrap its dual-listed company (DLC) structure in favour of a primary listing in London and a secondary listing in Sydney, could destroy at least $1.3-billion in value, to save less than $2.5-million a year, the... 

BHP says DLC restructure to destroy $1.3bn in value, waste franking credits
Photo by Bloomberg
BHP Billiton CEO Andrew Mackenzie

Billionaire Agarwal creates BHP-style Indian resources major

By: Bloomberg     12th April 2017 Anil Agarwal has sealed the merger of his mining and energy businesses in India, creating a BHP Billiton-like resources conglomerate, even as a recent investment in Anglo American Plc raises questions about how far the-billionaire’s ambitions stretch. Vedanta combined with unit Cairn India on... 

LatAm water scarcity, pollution to drive more stringent enviro rules

By: Henry Lazenby     12th April 2017 New analysis by the research arm of the Fitch Group, BMI, forecasts water scarcity and contamination in Latin America will drive increasingly stringent environmental regulations in the region over the coming years. While increasing the costs for miners and delaying certain projects, the focus on... 

LatAm water scarcity, pollution to drive more stringent enviro rules

TSX slips with financials; gold miners and Bombardier shine

By: Reuters     12th April 2017 Canada's benchmark stock index ended barely lower on Tuesday as financial stocks weighed, while a flight to safety helped gold miners and shares of Bombardier Inc jumped on reports it was discussing a merger of rail operations with Siemens. Gold prices jumped to a fresh five-month high and bond... 

Unions back Seriti's purchase of Anglo coal mines

By: Martin Creamer     11th April 2017 Two labour unions on Tuesday publicly backed the sale by Anglo American of coal assets to Seriti, the new black-owned start-up with aspirations to be South Africa’s next mining champion. Both the National Union of Mineworkers (NUM) and the Solidarity union put out statements welcoming the... 

Unions back Seriti's purchase of Anglo coal mines
Photo by Duane Daws
Seriti CEO Mike Teke

Hermes plans to vote against Rio chair on diversity failings

By: Bloomberg     11th April 2017 Hermes Investment Management will vote against the re-election of Jan du Plessis, the chairperson of Rio Tinto Group, because of the company’s policy on boardroom diversity. The London-based money manager, which has said it will be focusing on diversity issues and climate change during this... 

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