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Diversified Miners News

Metals X reports strong quarter as Aditya takeover advances

By: Esmarie Swanepoel Diversified junior Metals X has reported a quarter of steady production during the three months to March, as it continued to advance its acquisition of fellow-listed Aditya Birla. Gold production during the March quarter reached 47 591 oz, which compared with the 48 134 oz produced in the... 

Power no longer major threat to Moma – Kenmare

By: Natasha Odendaal Power supply challenges that have affected production at the Moma titanium minerals mine, in northern Mozambique, have been eased considerably with visibly improved power quality and consistency since December, enabling a production surge during the first quarter of the year. Titanium minerals... 

Climate change shaping water management infrastructure

By: Sascha Solomons Designing water-related infrastructure for mines needs to be based on future climate predictions rather than only past experience, asserts natural resource and development solutions provider SRK Consulting South Africa (SA) senior hydrologist Dr Hartley Bulcock. Changing rainfall and temperature... 

Climate change shaping water management infrastructure
Photo by Bloomberg
WATER WORRIES Many mines in Southern Africa are located in areas where the trend of substantial changes in rainfall variability is already evident

Companies bought to enhance training offering

Training, supply and management group Workforce Holdings announced in January that it had acquired the various operating companies comprising outsourcing solutions providers Quyn Outsource Solutions. Workforce has predominantly placed staff in nontechnical positions and adding Quyn to its service... 

Companies bought to  enhance training offering
Photo by Bloomberg
SKILLS OFFERING EXPANDED Quyn Outsource Solutions’s e provision of technical skills to clients across a range of industries represents diversification for Workforce

Companies on the hunt for mechanised mining skills

By: Kimberley Smuts The increasing use of mechanisation in mines, compounded by the resultant culture change, will affect the type of skills management required by the mining sector in future, University of the Witwatersrand Centre for Mechanised Mining Systems (CMMS) director Dr Declan Vogt tells Mining Weekly. He... 

Companies on the  hunt for mechanised mining skills
DECLAN VOGT The Centre for Mechanised Mining Systems has received a positive response from students regarding the available courses

Company to exhibit highly resilient pipe at Copperbelt expo

Two trading arms of complete pipeline solutions provider Rare, Rare Plastics and Rare Pipeline Services (which incorporates Rare Construction Zambia), will be exhibiting at this year’s Copperbelt Mining Trade Expo and Conference (CBM-TEC) from May 12 to 13. Rare will be showcasing their new Rare... 

Mineworkers empowered

By: Kimberley Smuts If workers in the mining, energy and construction industries want to improve their financial situation, it is important that they take advantage of the financial literacy programmes currently being rolled out by financial assistance provider Mineworkers Investment Trust (MIT), which supports... 

Mineworkers empowered
Photo by Bloomberg
INVESTING FOR THE FUTURE The Mineworkers Investment Trust's financial literacy training started in Mpumalanga as a pilot study in June 2015 with more training expected to take place this year

Mining graduates urged to show ingenuity amid bleak near-term jobs outlook

By: Dylan Slater The job prospects for the growing number of South African mining engineering graduates has become increasingly uncertain as a result of the plunge in commodities prices. In fact, mining industry leaders, who attended the University of the Witwatersrand's (Wits') School of Mining Engineering... 

Mining graduates urged to show ingenuity amid bleak near-term jobs outlook

Need for ongoing skills development emphasised

By: Kimberley Smuts There is a need for continuous skills and training development in the mining industry, especially amid the current financial crisis, says skills and training network provider Alusani. Although the decline in commodities prices has caused companies in the mining industry to significantly decrease... 

Need for ongoing skills development emphasised
TRAINING SUFFERING Despite demand for education, the decline in commodities prices has caused companies to decrease their training budgets

New method to neutralise flooded opencast mines

Germany-based mine closure planning company GMB has developed the Underwater Nozzle Pipelines (UNP) method, using natural water circulation to distribute lime and carbon dioxide (CO2), as a more effective means of neutralising flooded opencast mines. “The method is particularly suitable for... 

Society aims to integrate more students into mining sector

By: Kimberley Smuts The University of Witwatersrand's Students Mining Engineering Society (SMES) aims to increase the integration of mining engineering graduates into the mining industry this year, as well as to encourage mining engineering students to have an opinion on mining-related issues in South Africa. SMES... 

Society aims to integrate more students into mining sector
FORTUNE MSIBI Mining engineering students face the challenge of a lack of available jobs in the sector, as a result of South Africa’s financial crisis

Still demand for education in mining

By: Kimberley Smuts There is still demand for mining education, the School of Mining Engineering at the University of the Witwatersrand (Wits) tells Mining Weekly, noting that this is demonstrated by the increase in first-year admissions from 103 students in 2005 to 234 students in 2015. Wits School of Mining... 

Still demand for education in mining
BEING TAUGHT EFFECTIVELY A range of simulated facilities have been installed at Wits School of Mining to keep abreast of the latest technological advancements

Technological advancements continue despite mining sector’s downturn

By: Sascha Solomons Beneficial trends and technological advancements in the mining industry are being introduced regardless of the depressed market conditions that the sector faces, says environmental management company I-CAT Environmental Solutions technical manager Morne van Wyk. One such trend is recycling water... 

Technological advancements continue despite mining sector’s downturn
HYFLUX KRISTAL HOLLOW-FIBRE Ensure the effective and environmentally safe reduction of excess wastewater in the mining industry

Ultrasonic heat and cold measurement for water

South African process control instrumentation manufacturer and distributor Instrotech, representing Czech Republic manufacturer and supplier of flow meters ELIS PLZEN, is offering the Sonotherm 3070 (SN 3070) – an ultrasonic heat and cold meter. The product is intended to measure absolute... 

West Africa fraught with challenges in tough mining times

By: Simon Sonnekus While political instability, corruption and the global commodities price crunch have had adverse effects on the West African mining sector, other factors such as a lack of infrastructure, power shortages and inconsistency and a lack of transparency in terms of regulatory policy, as well as... 

West Africa fraught with challenges in tough mining times
Photo by Bloomberg
UNREST Factors such as war, social unrest or hardship are all indicative of a somewhat unstable political environment, which, in turn, negatively impacts on the attractiveness of certain economies

Kenmare enters agreement for proposed $100m investment

Mozambique-focused Kenmare Resources has entered into a conditional subscription and relationship agreement with chemicals trading company King Ally Holdings for a proposed $100-million investment in Kenmare. The proposed investment would be on the basis that King Ally would hold a maximum 29.9%... 

Bushveld targets Evraz’s Vametco stake

Diversified mineral development company Bushveld Minerals has taken an interest in financially troubled Evraz’s controlling stake in Vametco’s vanadium mine and plant. Mining Weekly editor Martin Creamer joins senior deputy editor Tracy Hancock in studio to discuss the details. 

Bushveld targets Evraz’s Vametco stake

State, Commonwealth budgets under pressure amid commodity price slump

By: Esmarie Swanepoel Advisory firm Deloitte Access Economics said on Thursday that both state and Commonwealth budgets would remain under pressure as commodity prices continued to remain low. In its latest edition of the Investment Monitor publication, the firm noted that the fall in mining investment in Queensland... 

State, Commonwealth budgets under pressure amid commodity price slump

Anglo offloads niobium, phosphates assets to Chinese firm in $1.5bn deal

By: Natasha Odendaal Dual-listed Anglo American has sold its Brazil-based niobium and phosphates assets to Hong Kong- and Shanghai-listed China Molybdenum for $1.5-billion. The deal was expected to close in the second half of this year and would result in the transfer of Anglo’s phosphates business, in São Paulo,... 

Anglo offloads niobium, phosphates assets to Chinese firm in $1.5bn deal
Photo by Duane Daws
Anglo CEO Mark Cutifani

Sherritt widens headline loss as low oil, metals prices hurt Q1 financials

By: Henry Lazenby Diversified miner Sherritt International has reported a 79% wider adjusted loss year-on-year in the first quarter, as nickel, cobalt and oil prices have plunged during the period. Excluding special items of about C$79.1-million, Toronto-based Sherritt recorded an adjusted loss of... 

Indonesia estimates value of Freeport unit two-thirds below offer

By: Reuters Indonesia has proposed a value for a 10.64% stake in Freeport-McMoran's local unit that is about two-thirds below the figure the company proposed in January. Copper miner Freeport's unit is valued at about $630-million and the US-based parent has been asked to revise its offer, an Indonesian... 

Freeport loss doubles as low prices bite

By: Henry Lazenby US diversified miner Freeport McMoRan has booked a $3.8-billion write-down of the carrying value of its oil and gas properties, on the back of lower West Texas Intermediate prices. The company reported a net loss attributable to common stock totalling $4.2-billion, or $3.35 a share, for... 

Sierra Rutile resumes rutile sales to titanium market

By: Creamer Media Reporter Aim-listed mineral sands miner Sierra Rutile on Tuesday reported the achievement of two milestones – the resumption of rutile sales into the titanium metals market and the completion of construction at its Gangama dry mining project, in Sierra Leone. The resumption in rutile sales into the... 

Oakbay workers march to South African banks to ‘save’ their jobs

By: African News Agency Hundreds of workers from Gupta family-owned Oakbay Investments will on Tuesday march to the banks in an effort to save their jobs. The operations of Oakbay were thrown into jeaopardy after South Africa’s four main banks closed accounts of businesses owned by the controversial family. 

Oakbay workers march to South African banks to ‘save’ their jobs

Bushveld moves to acquire Evraz stake in vanadium mine, plant

By: Martin Creamer Diversified mineral development company Bushveld Minerals has agreed exclusivity to complete a confirmatory due diligence for the acquisition of financially troubled Evraz’s controlling interest in Vametco’s 473-employee vanadium mine and plant, located near Bushveld’s recently acquired vanadium... 

Bushveld moves to acquire Evraz stake in vanadium mine, plant
Photo by Duane Daws
Fortune Mojapelo

Black Business Council welcomes draft amended Mining Charter

By: African News Agency The Black Business Council (BBC) on Monday welcomed the draft reviewed Broad Based Black Economic Empowerment Charter for the South African mining and minerals industry, saying it embodied the objectives of effective and practical radical transformation necessary to stimulate the black... 

Despite some commodity price spillover, Caterpillar lowers 2016 midpoint outlook

By: Henry Lazenby US earthmoving machinery manufacturer Caterpillar on Friday lowered the midpoint of the outlook for 2016 sales and revenues by about 2% on Friday, despite reporting some signs of improvement. The profit outlook at the midpoint of the sales and revenues range was now $3 a share, or $3.70 a share... 

Despite some commodity price spillover, Caterpillar lowers 2016 midpoint outlook

Anglo bettering North American safety benchmark

By: Martin Creamer Safety improvement at Anglo American mines has put the diversified mining company ahead of the North American mining industry, the leading point of reference. While in full production mode, the London- and Johannesburg-listed business achieved a fatality-free fourth quarter (Q4), which on top of... 

Anglo bettering North American safety benchmark
Photo by Duane Daws
Mark Cutifani

Rio moves to repurchase notes

By: Esmarie Swanepoel Mining major Rio Tinto on Friday launched cash tender offers for some $1.5-billion of its 2017 and 2018 notes. The miner told shareholders that it was using its strong liquidity position to reduce gross debt through the early repayment of some near-marturing debt. 

Anglo shareholders show unease at CEO pay deal

By: Reuters Anglo American will launch a fresh review of executive pay after a significant number of shareholders voted against CE Mark Cutifani's £3.4-million ($4.9-million) pay deal for 2015, partial voting results showed on Thursday. Results from shareholders who had submitted votes ahead of the annual... 

Formalised status urged for artisanal, small-scale mining 

By: David Oliveira Members of community organisations and artisanal mining and academic communities, as well as civil society groups, have called on government and mining companies to uphold the rights of all South African mineworkers, including artisanal and small-scale miners. ActionAid South Africa (AASA) mining... 

Formalised status urged for artisanal, small-scale mining

Australian junior paving way for bulk sampling at Mozambique ruby project

By: Ilan Solomons ASX-listed junior miner Mustang Resources will start a trenching and drilling programme next month at its Montepuez ruby project, in northern Mozambique, to identify the most prospective target zones. Mustang MD Christiaan Jordaan tells Mining Weekly that equipment for the bulk sampling programme... 

Australian junior paving way for bulk sampling at Mozambique ruby project
MONTEPUEZ RUBY PROJECT Desktop studies and fieldwork have been completed, with initial ruby targets identified for bulk sampling

Enhancing technical ‘excellence’ with new technology

Taking a bullish stance on commodity markets, global consulting engineers and scientists SRK Consulting are building on their solid performance through the current slump – fostering their discovery- driven culture through embracing technology and “youthful energy”. The company, having celebrated... 

Enhancing technical ‘excellence’ with new technology
Photo by Duane Daws
MENTORING MAJOR DRIVE On-the-job training for the youth turns qualifications into valuable skills

Maputo seeks capital gains taxes from mining majors

By: Keith Campbell Mozambique’s Tax Authority has confirmed that it is holding negotiations with Vale Mozambique, the local subsidiary of major Brazilian mining group Vale, on the payment of capital gains tax. Vale Mozambique is one of a number of major companies with whom the Tax Authority is currently having such... 

Govt to intervene as Oakbay attempts to restore bank accounts

By: Natasha Odendaal Minister in the Presidency for Planning, Monitoring and Evaluation Jeff Radebe has insisted that, despite the appointment of three Ministers to engage the banks that cut ties with private Gupta-linked Oakbay Investments amid allegations of State capture, government was not interfering in matters... 

Govt to intervene as Oakbay attempts to restore bank accounts
Minister in the Presidency for Planning, monitoring and Evaluation Jeff Radebe

Anglo diamond, copper, coal, manganese alloy, niobium outputs fall

By: Martin Creamer Diversified mining company Anglo American has produced less diamond, copper, coal, manganese alloy and niobium in the three months to March 31. Diamond production fell by 10%, copper production by 19%, export thermal coal by 13%, export metallurgical coal by 9%, Eskom coal by 8% and niobium by 13%. 

Anglo diamond, copper, coal, manganese alloy, niobium outputs fall
Mark Cutifani

Oakbay appoints new auditors after KPMG exit 

By: Reuters South Africa's Oakbay Resources appointed a local firm as its new auditors on Thursday after the local unit of KPMG ditched the company over allegations that its owners, the Gupta family, are wielding undue political influence. Oakbay Resources said SizweNtsalubaGobodo Inc, South Africa's biggest... 

Oakbay appoints new auditors after KPMG exit

Bench Marks Foundation raises red flag on revised Mining Charter

By: Natasha Odendaal Independent nongovernmental organisation (NGO) Bench Marks Foundation on Thursday said the revised Mining Charter would fall short of its intentions of addressing shortcomings in broad-based black economic empowerment (BBBEE). The NGO added that, despite its intention of reducing deficiencies in... 

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