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Diversified Miners News

Talisman Mining expands NSW landholding

By: Megan van Wyngaardt     9th January 2018 ASX-listed Talisman Mining on Tuesday said it would expand its landholding in the prospective Lachlan fold belt of New South Wales through a farm-in agreement with private company Bacchus Resources and a purchase agreement with ASX-listed Kidman Resources. Under the agreements, Talisman may earn... 

Commodities forge record-setting rally as BP to miners surge

By: Reuters     4th January 2018 Commodities are forging a record-setting run of gains that straddles the end of 2017 and the start of the new year as crude oil notches multiyear highs and investors bet that booming global manufacturing output will help to sustain rising demand for raw materials. The Bloomberg Commodity Index,... 

Commodities forge record-setting rally as BP to miners surge

Largo racks up new production records at Maracás Menchen as vanadium price rockets

By: Henry Lazenby     4th January 2018 Vanadium producer Largo Resources has set a new monthly production record at its flagship Maracás Menchen vanadium mine, in Brazil’s Bahia state, after the plant performing 12.9% above its nameplate capacity. Toronto-based Largo advised that the performance improvement is owing to the operating... 

Australia shares end higher; NZ starts 2018 on strong note

By: Reuters     3rd January 2018 Australian shares closed higher on Wednesday, supported by gains in material stocks on the back of a rally in metal prices. 

Australia shares end higher; NZ starts 2018 on strong note

Year's best commodities fund is betting on 2018 mining M&A

By: Bloomberg     29th December 2017 This year’s best-performing commodity fund is betting on more mining companies turning to deal-making for growth in 2018. Commodity Capital Global Mining Fund racked up returns of 106% this year, the best performance among 409 commodity-focused funds tracked by Bloomberg, excluding... 

Year's best commodities fund is betting on 2018 mining M&A

Money hungry Nautilus weighs funding options as project challenges mount

By: Henry Lazenby     22nd December 2017 Marine mining pioneer Nautilus Minerals is in active discussions with a range of potential financiers and shareholders to secure the funding required to start mining the Solwara 1 project, offshore Papua New Guinea (PNG), the company said on Thursday. The company has thus far been unsuccessful to... 

Money hungry Nautilus weighs funding options as project challenges mount

African Tantalum gears mine towards future tantalum deliveries

By: Megan van Wyngaardt     21st December 2017 African Tantalum has sent its third shipment of high-purity tantalum from the Namibia tantalite investment mine (NTI) to its customer, a global North American tantalum consumer and end-user of tantalum ore, with a fourth shipment currently being tested by a third party before being sent. Aftan,... 

Bushveld Minerals completes acquistion of BVL

By: Megan van Wyngaardt     21st December 2017 Aim-listed Bushveld Minerals has completed its acquisition of 55% of Bushveld Vametco by issuing 54.76-million new ordinary share to Yellow Dragon Holdings. “We are delighted to have completed this acquisition before the end of the year. Vametco has, to date, illustrated its strong cash... 

Bushveld Minerals completes acquistion of BVL
Photo by Duane Daws
Fortune Mojapelo

Philippines miners adopt Canadian mining sustainability principles

By: Henry Lazenby     20th December 2017 The Chamber of Mines of the Philippines (COMP) has announced that it will adopt a mining sustainability standard developed by the Mining Association of Canada, called the Towards Sustainable Mining (TSM) initiative. The announcement made the Philippines the first Southeast Asian nation to adopt... 

Rio recalibrating understanding of Africa, working on Africa strategy 

By: Martin Creamer     19th December 2017 Diversified mining company Rio Tinto is recalibrating its understanding of Africa and working on an Africa strategy that is scheduled to be presented to the company’s executive committee next year. The company, which has the Rössing Uranium Mine in Namibia, Richards Bay Minerals (RBM) in South... 

Rio recalibrating understanding of Africa, working on Africa strategy
Rio Tinto VP Corporate Relations Africa Lawrence Dechambenoit talks to Mining Weekly Online’s Martin Creamer on Rio Tinto’s activities in South Africa and Africa. Photographs: Duane Daws. Video: Nicholas Boyd. Video Editing: Lionel de Silva

Miners to focus on M&A activity, sustainability in year ahead

By: Megan van Wyngaardt     18th December 2017 Nearly two-thirds, or 63%, of mining and metals respondents to the latest EY Capital Confidence Barometer (CCB) say they intend to pursue deals in the next 12 months, demonstrating a higher inclination to transact than the average across all industries (56%). The findings support the EY third... 

Vast CEO resigns

By: Megan van Wyngaardt     18th December 2017 Aim-listed miner Vast Resources’ CEO and director Roy Pitchford has resigned from his position, effective December 31.  Vast's Romanian subsidiary president Andrew Prelea will assume the role of Vast CEO. Vast chairperson Brian Moritz noted that Pitchford has had an invaluable contribution to the... 

IHS Materials Price Index buoyant on strong commodity rally

By: Henry Lazenby     15th December 2017 The materials price index (MPI) from Global Insight by IHS Markit has gained a strong 1.3% last week, hitting its highest level since late 2014 the company reported on Thursday. Three categories led gains, including ferrous metals, rubber and freight, all of which posted large jumps, according to... 

Canadian junior mining company makes progress in Northern Cape

     15th December 2017 Canadian junior mining company Tango Mining has made progress at its Oena diamond project, based in the Northern Cape in South Africa, appointing diamond recovery company Bluedust 7 as its mining contractor, which it announced in October. The contract will take place for a 60-month period, during... 

Canadian junior mining company makes progress in Northern Cape
EXPLORATION ACTIVITIES The Oena diamond mine will see the mining of alluvial diamonds over a 60-month period

Initial mining programme expected to start next year

     15th December 2017 Marine and land-based mining company Diamond Fields International has reaffirmed its commitment to its Namibian operations, announcing at the start of November an initial mining programme for its ML111 licence in offshore Namibia in 2018.  The initial mining programme for the licence area will... 

Initial mining programme expected to start next year
YO TOIVO The vessel is designed to provide efficient and effective mining of diamonds on the seafloor

Kimberley tailings still yielding diamonds

     15th December 2017 Historical diamond tailings left across Kimberley, in the Northern Cape, by diversified miner De Beers Consolidated Mines continue to hold significant potential for diamond extraction, owing to technological advances made in ore treatment.  

Kimberley tailings still yielding diamonds
STILL GOING STRONG The Petra Diamonds and Ekapa Mining joint venture incorporates the Kimberley Underground mine – mining the Bultfontein, Dutoitspan and Wesselton kimberlite pipes and extensive tailings retreatment programmes with resources of about 140.1-million tons.

Activated carbon producer to aid tailings processing

By: Marleny Arnoldi     15th December 2017 Activated carbon manufacturer Rotocarb offers tailings retreatment plants in the mining industry a solution for their water-intensive processing and wastewater treatment operations that uses local raw material, technology and deployment to produce activated carbon, which is critical in the... 

Activated carbon producer to aid tailings processing
WATER TREATMENT SOLUTION There is a big requirement for activated carbon, which local manufacturer Rotocarb can provide a solution for with locally designed technology and locally sourced raw materials

Small- and medium-scale operations punted as ‘the future’ of mining

By: Mia Breytenbach     15th December 2017 With industrial mining on the decline, smaller- to medium-scale mining operations are the future, according to Bench Marks Foundation South Africa lead researcher David van Wyk. Addressing delegates at the Science Business Society Dialogue Conference on Linking Science, Society, Business and... 

Small- and medium-scale operations punted as  ‘the future’ of mining
CLUSTERED AND FORMALISED Small operations could be clustered together geographically and assigned an engineer, a geologist and a health and safety officer to ensure safe operations

BME’s West African footprint expands as it clinches Mali blasting service contract

By: Mia Breytenbach     15th December 2017 West Africa remains an exciting region for South Africa-based explosives and blasting leader BME, which has won a full blasting service contract for a new opencast gold mining operation that is set to become the largest producer in Mali. From 2006 to 2015, 18 mines were opened in the region,... 

BME’s West African footprint expands  as it clinches Mali blasting service contract
SERVICE OFFERING BME will carry out ore blasting using its BME’s Axxis electronic detonation system and will deploy four 20 t emulsion trucks, as well as a stemming truck

Kibaran mulling battery-grade graphite pilot in Germany

By: Mia Breytenbach     15th December 2017 Following the successful completion of a feasibility study on downstream processing of graphite from its Epanko graphite project in Tanzania, exploration company Kibaran Resources will establish a pilot plant in Germany that will be expanded to commercial scale for the supply of premium battery... 

Kibaran mulling battery-grade graphite pilot in Germany
Photo by Bloomberg
INITIAL FOCUS Kibaran Resource plans to accelerate the commercialisation of battery graphite production operations during 2018

Mines urged to leverage technology to supercharge human capital development

By: Nadine James     15th December 2017 Mining companies should leverage technology to spur employee development, aiding in the upskilling of staff while enhancing employee and resource management, says information technology services company Wipro Southern Africa. While mines have incrementally implemented technology into their... 

State of local mining regulations shun investment, says CoM report 

By: Dylan Slater     14th December 2017 The findings of a recently conducted Chamber of Mines (CoM) survey indicate that if South Africa’s mining industry shifts its focus to create an attractive policy, regulatory and governance environment – through ethical leadership, good governance and the adoption of competitive, stable and... 

Lithium powers Deloitte WA Index

By: Creamer Media Reporter      14th December 2017 The market capitalisation of Western Australia-listed companies increased by 3.3% to A$173.1-billion in November, driven by greater interest in the battery technology space and progress of a number of lithium explorers towards production. “We have seen a number of potential customers come out of... 

Brazil, South Africa collaboration to improve mining sector “natural, appropriate”, says Brazil ambassador 

By: Mia Breytenbach     13th December 2017 With the mining sector having played a significant role in the history and development of South Africa and Brazil, it is “natural and appropriate” that the two countries come together to discuss and exchange ideas about how to improve the mining sector in both countries, says Ambassador of Brazil... 

Glencore guiding soaring 2018 earnings

By: Martin Creamer     12th December 2017 Diversified mining and marketing company Glencore sees itself as being best placed for the electric vehicle revolution through its ‘tier 1’ copper, cobalt, nickel, zinc and thermal coal assets. The company said in an investor day update on Tuesday that sustainably low-cost and long-life first... 

Glencore guiding soaring 2018 earnings
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

More than 100 jobs on offer at Rio Tinto’s Weipa mines

By: Creamer Media Reporter      12th December 2017 Diversified miner Rio Tinto has launched a recruitment drive for more than 100 new roles at its bauxite mines on the western Cape York Peninsula in Queensland. The opportunities are available across Rio Tinto’s operations at Weipa including existing mines at Andoom and East Weipa and the new... 

More than 100 jobs on offer at Rio Tinto’s Weipa mines

Congo mines say revised code threatens industry's future

By: Reuters     12th December 2017 Mining companies in Democratic Republic of Congo said on Monday that proposed changes to the mining code adopted by the lower house of parliament last week would do lasting damage to investment in Africa's top copper producer. The process of revising the 2002 mining code in Congo has dragged on... 

Crucial for commodity countries to build economic resilience – Unctad 

By: Martin Creamer     11th December 2017 Without policy change, commodity-dependent developing countries risk falling short of achieving their sustainable development goals (SDGs) by 2030, United Nations Conference on Trade and Development (Unctad) economic affairs officer Stefan Csordas warned on Monday. Unctad and the Food and... 

Crucial for commodity countries to build economic resilience – Unctad
Unctad’s Stefan Csordas discusses commodities report with Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Lionel de Silva.

Cyril Ramaphosa calls for mining sector action 

By: Martin Creamer     11th December 2017 South Africa must urgently break the ongoing deadlock on the regulation and transformation of the mining sector to ensure the proper use of this country’s world-class mineral resources, says Deputy President Cyril Ramaphosa. In an article on the CR17 Siyavuma campaign website, ahead of this... 

Cyril Ramaphosa calls for mining sector action
Photo by Duane Daws
Deputy President Cyril Ramaphosa

First mover Noront shifts RoF focus to Cu/Zn exploration

By: Henry Lazenby     8th December 2017 With the first commitments in place to build roads into Northern Ontario’s emerging Ring of Fire (RoF) mining camp, regional first mover Noront Resources is taking the opportunity to continue to build out its inventory of polymetallic resources by prioritising copper/zinc targets for exploration... 

First mover Noront shifts RoF focus to Cu/Zn exploration

South32 tops up shareholding in Arizona Mining

By: Mariaan Webb     8th December 2017 Australia-headquartered South32 has bought another C$4.5-million worth of shares in Arizona Mining. Arizona Mining, which is advancing the Hermosa project near Tucson, Santa Cruz, said on Thursday that South32 had agreed to subscribe for an additional 1.43-million shares at C$3.14 a share. 

South32 tops up shareholding in Arizona Mining
Graham Kerr

Global iron-ore growth to be modest

     8th December 2017 Global iron-ore production will grow modestly, with mine restarts and expansions predicted in Brazil and India, boosting production, predicts international market research firm BMI Research. However, output growth in China will decline on the back of falling ore grades and high production costs,... 

Global iron-ore growth to be modest
MODEST GROWTH BMI predicts that the iron-ore sector will grow modestly in 2018

South African equipment company supplies iron-ore giant

     8th December 2017 South Africa-based process equipment sales and supply company MIP Process Technologies has landed a contract to supply equipment to global iron-ore giant Ehya Sepahan, which has operations in the Middle East, most notably Iran. Ehya Sepahan CEO Hadi Golzar and technical and planning manager... 

South African equipment company supplies iron-ore giant
Photo by Duane Daws
STEEL COMMITMENTS Half of Ehya Sepahan’s iron-ore is consumed by the steelmaking industry

Environmental permit bodes well for project financing

     8th December 2017 Iron-ore explorer and developer Zanaga Iron Ore Company (ZIOC) expects the environmental permit for its iron-ore project from the Republic of Congo’s ministry of environment to help attract finance to enable the valuable resource to be brought into production. A joint venture with natural... 

India seeks globally accepted regulations, tax

By: Ajoy K Das     8th December 2017 India’s Steel Ministry is seeking to align the domestic iron-ore mining industry with globally accepted regulations and practices as the country aims to be a 300-million-ton-a-year globally competitive steel producer by 2030. In the course of inter-Ministerial consultations about a new National... 

India seeks globally accepted regulations, tax
Photo by Bloomberg
SUPPLY LINKAGES India’s Steel Ministry has backed the adoption of long-term supply linkages between mines and steel producers

Forecast price drop influenced by Chinese economic refocusing

By: Megan van Wyngaardt     8th December 2017 Maintaining its iron-ore price forecast at an average of $70/t for the year and $50/t for 2018, research firm BMI says its predicted price drop is influenced by China’s economic refocusing away from heavy industry. “This will dampen demand for iron-ore,” the firm says, adding that, when combined... 

Forecast price drop influenced by Chinese economic refocusing
Photo by Duane Daws
KOLOMELA MINE Kumba Iron Ore’s newest mine, located in the Northern Cape. Its subsidiary, Anglo American, aims to offload most of its South African assets

SA firm takes first steps into US market with new blasting technology

By: Mia Breytenbach     8th December 2017 With growth for the Axxis blasting technology having increased substantially each year over the past five years, Africa-based blasting and explosives leader BME has, in enhancing the brand’s growth, taken its first steps into the US market. The company conducted six successful test blasts in... 

SA firm takes first steps into US market with new blasting technology
TESTED TRUE BME’s Axxis digital initiation system, BlastMap III software and electronic detonators were used in six successful test blasts in Atlanta, in the US

Helping mines find the real source of nitrates in water

By: Nadine James     8th December 2017 The issue of water quality has become topical in the aftermath of the contamination in the Olifants River catchment in Mpumalanga, as well the surfacing of acid mine drainage around Gauteng and other provinces.   Mining consultancy SRK Consulting’s principal hydrogeologist Sarah Skinner... 

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