http://www.miningweekly.com
R/€ = 16.49 Change: 0.49
R/$ = 13.98 Change: 0.43
Au 1293.83 $/oz Change: 13.93
Pt 952.50 $/oz Change: 19.50
 

Diversified Miners News

Teck declares supplemental dividend of C$0.40 a share

By: Henry Lazenby     17th November 2017 Canadian diversified miner Teck Resources has declared a C$260-million supplementary dividend to return surplus cash on hand to shareholders, while simultaneously announcing a C$230-million share buyback programme. The Vancouver-headquartered company reported a strong balance sheet at the end of... 

Regulatory uncertainty results in inability to comply

By: Nadine James     17th November 2017 Given the uncertainty surrounding the interpretation of the National Environmental Management Act’s (Nema’s) Financial Provision Regulations, most mining companies have decided to wait until the regulations have been finalised before allocating resources to become compliant, says underwriting... 

Regulatory uncertainty results in inability  to comply
LEENTIE SMIT Financial guarantee solutions allow mining clients to fund the mining rehabilitation liability over a period that takes into consideration life-of-mine

Consultancy looks to reduce cost of complying with new regulations

By: Nadine James     17th November 2017 Mining consultancy The MSA Group is liaising with various industry players including mining companies, insurers, law and auditing firms to establish a consistent approach to assessing and reviewing mine closure liability. They believe that this collaboration will result in greater understanding... 

Consultancy looks to reduce cost of complying with new regulations
RECLAIMED BY NATURE The new, stricter regulations are likely owing to the Department of Mineral Resources being responsible for the rehabilitation close to 6 000 abandoned mines

Financial provisioning regulations a game changer – law firm

By: Nadine James     17th November 2017 The National Environmental Management Act’s (Nema’s) Financial Provisioning Regulations are a game changer because of the level of detail they require from mining companies, as well as the increased levels of liability they have established, says mining law firm Webber Wentzel. Webber Wentzel... 

Financial provisioning regulations a game changer – law firm
GARYN RAPSON The new laws have changed the rules surrounding mine closure in fundamental ways

Need for collaboration in CSR initiatives emphasised

By: Mia Breytenbach     17th November 2017 With the mining industry now recovering from the downturn in commodity prices, and a new balance emerging in the global demand and supply of minerals, now is the time to reflect, innovate and plan for a more resilient industry in the future, says Mineral Resources Deputy Minister Godfrey... 

AngloGold’s capex project progressing as planned, within budget

By: Mia Breytenbach     17th November 2017 JSE- and New York-listed AngloGold Ashanti says its high-return and low-capital projects in its international portfolio to extend mine lives and improve margins remain on track and within budget. “We expect . . . continued delivery to tight timelines and budgets on our portfolio-improvement... 

AngloGold’s capex project progressing as planned, within budget
IN PROGRESS Anglogold is extending the life of its Mponeng mine, in Gauteng, initially through the Phase 1 project to access deeper, higher-grade ore

Zambian mining sector edging closer to ‘zero harm’

By: Nadine James     17th November 2017 The atmosphere at the Zambian mining industry’s third annual Health and Safety Conference, held in Ndola on November 2 and 3, was particularly positive as, at the time, the industry was firmly on course for a fatality-free year, the Zambia Chamber of Mines (ZCM) reports. This was significant, as... 

Zambian mining sector edging closer to ‘zero harm’
KANSANSHI MINE A woman truck driver from Kansanshi mine sustained fatal injuries when the heavy-duty truck she was driving collided with another truck in the sole fatality in Zambia’s mining industry so far, this year

BHP facing uncertain future as shareholders push for strategic change

By: Esmarie Swanepoel     17th November 2017 Rating agencies and analysts have raised concerns about the future of mining major BHP in the wake of actions taken by so-called activist shareholders. The mining giant’s second-largest holder of its London-listed shares, fund manager Elliot Associates and Elliot International, has been picking... 

BHP facing uncertain future as  shareholders push for strategic change

'A good number of investors' considering countries offering better return-on-investment prospects than SA

By: Dylan Slater     17th November 2017 Mining policies imposed by the Department of Mineral Resources (DMR) on local industry are creating increased uncertainty for investors, a growing number of whom are considering investing in mining projects and exploration in other countries, with a greater chance of a healthier return on... 

'A good number of investors' considering countries offering better return-on-investment prospects than SA
Photo by Duane Daws
PAUL MILLER A significant volume of additional capital needs to be earmarked for every new mining project to account for risk associated with policy uncertainty

Collaboration with engineering firm yields nigh-R100m cost saving for Harmony

By: Mia Breytenbach     17th November 2017 JSE-listed Harmony Gold has partnered with Pretoria-based engineering company ETA Operations (ETA), formerly known as HVAC International, to improve the operational efficiency of Harmony’s deep-level gold mines in South Africa, subsequently resulting in significant cost savings. The operational... 

Collaboration with engineering firm yields nigh-R100m cost saving for Harmony
Photo by Harmony Gold
IMPROVING EFFICIENCY ETA Operations aided Harmony Gold in maintaining previously-implemented electricity cost savings projects that yielded significant results

DRC State mining company under fire 

     16th November 2017 Certain revenues of the Democratic Republic of Congo State mining company have not been directed to the public treasury and are largely beyond the realm of public oversight, claims a report by the Carter Centre. Mining Weekly editor Martin Creamer joins senior deputy editor Tracy Hancock in... 

DRC State mining company under fire
DRC State mining company under fire

Zeta ups holding in three companies

By: Esmarie Swanepoel     16th November 2017 ASX-listed Zeta Resources has executed a binding term sheet that would see it increase its stake in three resource companies. Zeta on Thursday announced that it would acquire investment holding company Axelrock for 110.8-million shares, at a deemed issue price of 45.2 c a share, valuing the... 

BHP eyes two-year exit from shale; also selling nickel

By: Reuters     16th November 2017 BHP Billiton said on Thursday it hopes to fully divest its troubled US onshore shale business in around two years and is also seeking a buyer for its nickel business in Australia. The renewed push to unload both sets of assets, which the world's biggest mining company no longer deems strategic,... 

BHP eyes two-year exit from shale; also selling nickel
BHP CEO Andrew Mackenzie

Glencore is said close to creating mining royalty company

By: Bloomberg     15th November 2017 Glencore is close to finalising a $700-million deal with the Ontario Teachers’ Pension Plan to create a new base-metals royalty company, according to people familiar with the matter. The Swiss commodity giant will bring royalty agreements from about 10 mines, while Ontario Teachers’ will... 

Glencore is said close to creating mining royalty company
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Former Xstrata chief Davis eyed for Rio Tinto chairperson's job – FT

By: Reuters     14th November 2017 Rio Tinto investors gave a mixed reaction to a report that former senior mining executive Mick Davis, now chief executive of Britain's ruling Conservative Party, was well-placed to become the Anglo-Australian miner's next chairperson. The Financial Times newspaper reported late on Monday that... 

Rio completes off-market buy-back

By: Esmarie Swanepoel     13th November 2017 Diversified giant Rio Tinto has completed a A$750-million off-market buy-back, with all shares purchased to be cancelled. The miner in September initiated the buy-back, which was increased from an indicative A$700-million, as part of its $2.5-billion share buy-back programme, returning the... 

Namibia Rare Earths expands metals portfolio

By: Henry Lazenby     10th November 2017 TSX-V-listed project developer Namibia Rare Earths has signed an agreement with private firm Gecko Namibia to acquire a controlling interest in a portfolio of seven metals properties, thereby expanding its focus from heavy rare earths to include cobalt, copper, zinc, lithium, graphite, tantalum,... 

Camborne School of Mines pioneers ‘Fairtrade’ model for ethically, sustainably resourced raw materials

By: Henry Lazenby     10th November 2017 A team of researchers at the University of Exeter’s Camborne School of Mines, based in Cornwall, the UK, are pioneering the development of a ‘Fairtrade’ model for ethically and sustainably resourcing raw materials that are crucial in the manufacturing of next-generation technologies. The research... 

Camborne School of Mines pioneers ‘Fairtrade’ model for ethically, sustainably resourced raw materials

IHS Materials Price Index falls for third time in 5 weeks

By: Henry Lazenby     10th November 2017 The materials price index (MPI) from Global Insight by IHS Markit fell by 0.4% last week, its third decline in the past five weeks. While the decline was relatively modest, it was broadly based, with eight of ten sub-indexes falling – the first time since June that a majority of the MPI's... 

Fortune to consider higher cobalt output in Nico feasibility report

By: Henry Lazenby     10th November 2017 Project developer Fortune Minerals plans to increase the production rate at its flagship Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories, by between 20% and 30% in a response to feedback from potential strategic partners, the company announced on Thursday. London,... 

New Alliance to ensure responsible cobalt supply from Africa

By: Robyn Wilkinson     10th November 2017 Joining other international businesses and organisations at the inaugural World Economic Forum Sustainable Development Impact Summit, held in New York from September 18 to 19, diversified miner Eurasian Resources Group (ERG) helped launch the Global Battery Alliance. 

New Alliance to  ensure responsible cobalt supply  from Africa
CONFLICT-FREE OPERATION ERG’s Metalkol Roan Tailings Reclamation project will supply 14 000 t/y of responsibly mined cobalt to the global market in 2018

Opportunities persist in sub-Saharan Africa, despite unfavourable mining sector

     10th November 2017 Opportunities remain in sub-Saharan Africa (SSA), despite a spate of regulatory changes and policy uncertainty across major mining countries in the region eroding investor sentiment, highlighting the region’s mining sector as the riskiest in the world, according to Fitch-affiliated BMI. The... 

Opportunities persist in sub-Saharan Africa, despite unfavourable mining sector
Photo by Bloomberg
CHALLENGING ENVIRONMENT Sub-Saharan Africa remains challenged by underdeveloped infrastructure and small mining sectors

Africa’s first coltan smelter established in Tanzania

By: Robyn Wilkinson     10th November 2017 Mining and metals company AB Minerals is partnering with the African Minerals and Geoscience Centre (AMGC) in Dar es Salaam, Tanzania, to establish the first columbite-tantalite (coltan) smelter in Africa. 

Digitalised in-house communications to benefit African mines

By: Robyn Wilkinson     10th November 2017 Mining companies operating in Africa need to think innovatively about how to reach their workforces and consider different access and communication models to ensure healthy and effective employee relations that can significantly improve their bottom lines, says communications provider Wyzetalk... 

Digitalised in-house communications to benefit African mines
GYSBERT KAPPERS There is a strong focus on employees, communities and investing in technology that contributes towards empowerment, inclusivity and sustainability in mining operations

New merger boosts offering for Africa’s mining industry

By: Tasneem Bulbulia     10th November 2017 Multinational consulting, engineering and project management firm Amec Foster Wheeler has merged with industrial facilities specialist Wood Group to form a new company – Wood – that will specialise in the delivery of project, engineering and technical services in the energy and industrial... 

New merger boosts offering for Africa’s mining industry
DRAWING ON PAST SUCCESSES Amec Foster Wheeler has enjoyed a favourable experience in the African mining industry thus far, drawing on project successes from various projects

Political tension slows mining activity in Tanzania

By: Victor Moolman     10th November 2017 Despite the fact that political tension in Tanzania has impacted the mining industry, with several operations subsequently closing, SEW-EURODRIVE continues to have a strong presence in the country, with Tanzania as its main hub for East Africa. SEW-EURODRIVE South Africa national sales manager... 

Political tension  slows mining activity in Tanzania
NORMAN MALEKA There will be demand for after-sales support in Tanzania, owing to new industries established in the country

Room to improve stakeholder collaboration in African mining

By: Robyn Wilkinson     10th November 2017 African mineral resources Ministers speaking at this year’s Africa Down Under Conference reiterated the importance of creating meaningful stakeholder collaboration, achievable only through continued efforts to open dialogue between government, the private sector and civil society, stresses law... 

Room to improve stakeholder  collaboration in African mining
Photo by Bloomberg
MORE THAN MINING Mining companies must take the time to interact with the people affected by their operations

Miners urged to take heed of Natural Capital Protocol framework

By: Ilan Solomons     10th November 2017 The recently released Natural Capital Protocol promises to give business a new appreciation of the ecosystem services on which they rely, states independent engineering and scientific consultancy SRK Consulting. The protocol was developed by a global multi-stakeholder group representing business,... 

Miners urged to take heed of Natural Capital Protocol framework
Photo by SRK Consulting
PAUL JORGENSEN Sustainability practices in mining are increasingly being incorporated into these value chain approaches to risk management

Zambian chamber lauds Chile as model of what mining can achieve with the right policies

By: Ilan Solomons     10th November 2017 A two-person team from Chile’s mining industry recently visited Zambia and met with the Zambian Chamber of Mines (ZCM), the Presidency, the Zambia Revenue Authority’s Mineral Value Chain Monitoring Project and Zambia Consolidated Copper Mines Investment Holdings. The ZCM believes that Zambia can... 

Zambian chamber lauds Chile as model of what mining can achieve with the right policies
Photo by Codelco
LONG-TERM VISION Chile place’s great emphasis on due process and the rule of law, when it comes to their mining industry; even where it might not be to the country’s short-term benefit

Modular Reflux Classifier launched

By: Mia Breytenbach     10th November 2017 Minerals and cement industry equipment and services supplier FLSmidth has officially launched its modular Reflux Classifier (RC) plant, which is suitable for fines gravity separation applications. This integrated engineered modular solution is based on a fundamental component – FLSmidth’s... 

Modular Reflux Classifier launched
Photo by Duane Daws
DEON DE KOCK With this modular plant, we can really live our vision by delivering that extra value

Equipment maintenance, repair products showcased

By: Dylan Slater     10th November 2017 Adhesives technology company Henkel South Africa hosted its first conference – Repair and Protect Your Mine with Loctite Conference and Exhibition – to showcase ways in which its products could be used in the mining industry to maintain, repair, protect and prolong the life span of equipment.  

Madagascar graphite mine poised for global success

By: Robyn Wilkinson     10th November 2017 Proving its growing strength in the graphite market, Australian industrial mineral concentrate producer Bass Metals – the only graphite producer currently listed on the ASX – last month sold, in advance, 50%, or 3 000 t/y, of flake graphite concentrate from the first stage of its Graphmada mine’s... 

Madagascar graphite mine poised for global success
A MODERN MINE In addition to the establishment of a new processing plant and significant earthworks and site works, a new modular drying system has been implemented at Graphmada

Call for better understanding of trackless mobile mining equipment regulations

By: Ilan Solomons     10th November 2017 Mechanisation of the South African mining sector is a major priority for all stakeholders. However, with the introduction of mechanised mining technologies come several new challenges, one of which relates to the brakes and in-service brake testing of trackless mobile mining (TMM) equipment, says... 

Call for better understanding of trackless mobile mining equipment regulations
Photo by Creamer Media image
DANIE BURGER There are currently a number of problems relating to the standards for the testing of brakes and in-service brake testing of trackless mobile mining equipment

Positive signs for African miners with transparent regulations

By: Tasneem Bulbulia     10th November 2017 While the African mining industry is in a downturn, countries that boast favourable mining regulations will capitalise once the industry improves, says global engineering, project and technical services firm Wood Mining & Minerals EMEA business development director Trevor Anderson. Wood is a... 

Positive signs for African miners with transparent regulations
Photo by Bloomberg
SPECIALITY COMMODITIES Over the past 12 to 18 months, there has been a much larger focus on commodities such as lithium and graphite

AEL Mining Services launches rock-breaking technology chair at University of Pretoria

By: Mia Breytenbach     10th November 2017 Johannesburg-headquartered developer, producer and supplier of commercial explosives AEL Mining Services has, in partnership with the University of Pretoria (UP), launched the AEL Mining Services Chair in Innovative Rock Breaking Technology, which will reside within the Department of Mining... 

AEL Mining Services launches rock-breaking technology  chair at University of Pretoria
CHAIRED PROJECT The first project from AEL Mining Services Chair in Innovative Rock Breaking Technology will be to determine safe blast-clearance radii for blasting

Favourable policies key to attracting mining investment

By: Dylan Slater     10th November 2017 Sentiment from the Hogan Lovells Africa Forum, held in September, in Sandton, in Johannesburg, culminated in a call for mining policy change, and especially policy that affects the South African mining industry. The event was hosted by law firm Hogan Lovells.  

Mining production contracts while sales soar – Stats SA

By: Megan van Wyngaardt     9th November 2017 Local mining production decreased by 0.9% year-on-year in September, Statistics South Africa Statistician-General Risenga Maluleke revealed on Thursday. The largest negative contributors were platinum-group metals (PGMs), with output down 8.3%, followed by iron-ore, which was down by 7.5%. 

Mining technology gets boost from new Wits-Sibanye partnership

By: Martin Creamer     9th November 2017 Mining technology is being given a Fourth Industrial Revolution boost through the new partnership struck between precious metals mining company Sibanye-Stillwater and the Wits Mining Institute. Wits Mining Institute director Professor Fred Cawood outlined in a news release on Thursday that... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Press Office

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close