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Diversified Miners News

Mantashe to speak at Africa Down Under

By: Marleny Arnoldi     28th August 2018 Mineral Resources Minister Gwede Mantashe will lead a South African government delegation to the yearly Africa Down Under exhibition, which is being held in Perth, Australia, from August 29 to 31. Mantashe will also address delegates at the event and host the South African Mining Investment... 

Moreton to re-evaluate its priorities

By: Esmarie Swanepoel     27th August 2018 ASX-listed diversified junior Moreton Resources has launched a strategic review of its assets and subsidiaries, in order to determine its core and noncore assets. Moreton told shareholders on Monday that the review would allow the potential for the business to streamline its asset ownership and... 

Moreton to re-evaluate its priorities

Southern Palace accelerating mining technology development in South Africa

By: Marleny Arnoldi     24th August 2018 Southern Palace Group of Companies has, through its subsidiary Genrec Engineering, put ambitious plans in motion to position South Africa as a leading hub for mining solutions research and development, as well as manufacturing. Genrec’s factory, in Wadeville, is undergoing significant upgrades... 

Southern Palace accelerating mining technology development in South Africa
Photo by Creamer Media
CMTI Holdings founder Dr Danie Burger

Tipping point? Inflation creep at Australia's mines to erode margins

By: Reuters     24th August 2018 As Australia's big miners gear up for a new round of expansion after years of belt tightening, prices for everything from labour to fuel to equipment have begun to rise, driving up costs and eating into margins. Having repaired their balance sheets after a harrowing shake-out from a decade-long... 

Teck idles lead smelting due to BC wildfires

By: Reuters     24th August 2018 Canadian diversified miner Teck Resources said on Thursday that lead smelting at its Trail, British Columbia facility was suspended for a fourth day due to wildfires in the province. Teck temporarily shut down lead smelting on Sunday because the flash smelting technology requires high-purity... 

Ageing platinum mines need new technology

By: Donald Makhafola     24th August 2018 There are few greenfield platinum mines or expansions in Africa, with most of the existing large-scale mines on the continent having been in operation for more than a decade. To ensure that the ageing mines continue to perform optimally, miners need to apply new technology to effectively enhance... 

Ageing platinum mines need new technology
CUSTOM-DESIGN Kwatani provides clients with enhanced equipment designed to fit into their existing infrastructure without being modified

Platinum producer optimistic about Limpopo project

By: Donald Makhafola     24th August 2018 Platinum producer Ivanplats, a subsidiary of Canadian mining company Ivanhoe Mines, is focusing on bringing its Tier 1 Platreef project, in Limpopo, into production in 2022, says Ivanplats VP and executive head of projects Gerick Mouton. The mine will produce platinum, palladium, rhodium, nickel,... 

Platinum producer optimistic about Limpopo project
PHASED PROGRESSION Ivanplats' primary objective is to reach steady-state production of four-million tons a year in Phase 1 of the Platreef project

Vale remains committed to Moz, despite continued losses at Moatize

By: Rebecca Campbell     24th August 2018 Despite continuing to make a loss, coal-miner Vale Moçambique will continue to make major investments in its assets in Mozambique. This assurance was given at a mid-month press conference in Maputo by the company’s Board Chairman Márcio Godoy. These assets are the Moatize coal mine in Tete... 

SRK models sustainable solutions for brine from tailings

By: Nadine James     24th August 2018 SRK Consulting’s Cape Town office, in conjunction with SRK Consulting’s Vancouver office, has conducted preliminary groundwater modelling to assist a South American mining client in finding an environmentally sustainable solution for tailings-based brine management. SRK principal hydrogeologist... 

SRK models sustainable solutions for brine from tailings
GROUNDWATER MODELLING The groundwater modelling evaluated the likely pressure increases and brine plume migration associated with deep aquifer injection

Miners establish industry body to engage DRC govt on mining code, industry issues

By: Marleny Arnoldi     23rd August 2018 Mining companies active in the Democratic Republic of Congo (DRC) have established a new industry body, the Mining Promotion Initiative (MPI), to engage with government on industry concerns about the country’s new mining code and any other material issue concerning the mining industry in the DRC.... 

South African watchdog approves Glencore's bid for Chevron assets

By: Reuters     23rd August 2018 South African competition watchdog has given Glencore's bid worth roughly $900-million for Chevron's local and Botswana assets the green light, it said on Thursday. But the Competition Commission placed a number of conditions on its approval, including the preservation of jobs after the deal and... 

South32 presses pause button on further acquisitions

By: Esmarie Swanepoel     23rd August 2018 Diversified miner South32 is likely to press pause on further merger and acquisition (M&A) opportunities, to focus on its own suite of assets, CEO Graham Kerr said on Thursday. Speaking to analysts following the release of the company’s financial results, Kerr noted that following the completion... 

South32 presses pause button on further acquisitions
South32 CEO Graham Kerr

Strong vanadium prices boost Bushveld’s H1 Ebitda; production guidance lowered

By: Marleny Arnoldi     22nd August 2018 Aim-listed Bushveld Minerals’ earnings before interest, taxes, depreciation and amortisation (Ebitda) for the six months to June 30 increased by 439% year-on-year to R521-million. Sales revenue increased by 139% to R1-billion, compared with R439-million in the first half of 2017, primarily... 

DoL welcomes high turnout by former mineworkers seeking unclaimed benefits in Northern Cape

By: Marleny Arnoldi     22nd August 2018 The Department of Labour (DoL) on Wednesday expressed its appreciation for the overwhelming turnout of former mineworkers in the John Taolo Gaetswewe (JTG) district, in the Northern Cape, who heeded the call to make applications for unclaimed benefits. The campaign has witnessed a turnout of 3... 

Two new nonexecs join AngloGold board

By: Anine Kilian     22nd August 2018 Alan Ferguson and Jochen Tilk have been appointed independent nonexecutive directors at Anglogold Ashanti, effective October 1 and January 1, 2019, respectively. Ferguson is a chartered accounted and a former CFO of a number of FTSE-listed entities, including Lonmin. Since 2011, he has also... 

Seriti’s Teke awarded Brigadier Stokes Memorial Award

By: Marleny Arnoldi     21st August 2018 The Southern African Institute of Mining and Metallurgy has awarded coal producer Seriti Resources CEO Mike Teke with a Brigadier Stokes Memorial Award for his contribution to the mining industry and his leadership role in society. The platinum medal presented to Teke last week by Seriti’s... 

US will lose from trade war as flows shift, top miner says

By: Bloomberg     21st August 2018 The US risks losing out from its curbs on trade as rival nations including China will seek to do more business with each other, BHP Billiton CEO Andrew Mackenzie warned as the head of the world’s largest miner stepped up his criticism of rising protectionism. “There’s a lot of countries in the... 

US will lose from trade war as flows shift, top miner says

BHP suffers outage at Olympic dam copper smelter

By: Reuters     21st August 2018 Global miner BHP Billiton said it was assessing the impact of an ongoing outage at its Olympic dam copper smelter in South Australia, as it released its annual results on Tuesday. The outage followed the failure of several boiler tubes at the acid plant, it said without offering an expected... 

Rio digging deeper at Diavik

By: Esmarie Swanepoel     21st August 2018 Diversified miner Rio Tinto has opened the fourth diamond pipe at its Diavik diamond mine, in Canada’s Northwest Territories. The A21 openpit pipe will provide an important source of incremental supply over the next four years to sustain production levels at the mine, Rio said on Tuesday. 

BHP’s underlying profit jumps 33%, pays record dividend

By: Esmarie Swanepoel     21st August 2018 Diversified miner BHP has reported a 33% increase in underlying attributable profit for the financial year ended June, as well as a 10% increasing in operating cash flows. Underlying attributable profit, which excludes one-time gains and losses, was reported at $8.9-billion for the 2018... 

BHP’s underlying profit jumps 33%, pays record dividend
BHP CEO Andrew Mackenzie

PEA results show La Fortuna as ‘robust base’ for production growth

By: Nadine James     17th August 2018 TSX-listed Minera Alamos on Thursday announced positive preliminary economic assessment (PEA) results for the La Fortuna gold project, in Durango, Mexico. The PEA estimates average contained metal production of around 43 000 oz/y of gold, 220 000 oz/y of silver and 1 000 t/y of copper over a... 

Commodity price increases lack conviction – IHS

By: Nadine James     17th August 2018 Commodity analysts IHS Markit on Thursday reported that the Materials Price Index (MPI) had risen by 0.5% in the last week, but that the index’s ten subcomponents were evenly split between those showing increases and those showing declines, highlighting the uncertainty in markets. The MPI... 

Cable bolt technology to improve safety

17th August 2018 Mining equipment and services provider Sandvik Mining and Rock Technology continues to set the pace in underground mining with the launch of its rock-reinforcement cable bolter with automated one-hole drilling designed to improve safety and productivity. The Sandvik DS221L will significantly... 

Digitisation brings innovation opportunities

17th August 2018 Digital transformation brings opportunities for innovation and doing business in new and exciting ways – elements that are critical to business success in a volatile economic market, says global communications provider BT Global Services major deals lead and mining, oil and gas head Stephen du... 

Digitisation brings innovation opportunities
STEPHEN DU PREEZ More mining companies need to view all technologies as enablers for their business

New smartphone suitable for mining environments

By: Jessica Oosthuizen     17th August 2018 Global mining and construction equipment manufacturer Caterpillar and mobile phone and consumer electronics company Bullitt Group have released the new Cat S61 smartphone – that can withstand harsh elements and tough terrains, such as those in the mining environment. The phone was launched in... 

New smartphone suitable for mining environments
Photo by Jessica Oosthuizen
CAT S61 The new smartphone from Caterpillar and Bullitt is durable, reliable and dust-proof with outstanding rugged credentials

Software platform boosts operator performance

By: Erin Steenhoff-Snethlage     17th August 2018 Durban-based global supplier of surface and underground mining simulators ThoroughTec Simulation developed the CYBERMINE WX platform that monitors operator performance and provides targeted training to improve efficiencies. The CYBERMINE WX platform is being tested at local mines where the... 

Software platform boosts operator performance
IMPROVING PERFORMANCE CYBERMINE WX targets operator performance and unsafe practices to improve safety and efficiency in mines

New-gen scanning technology released, interest from SA companies

By: Jessica Oosthuizen     17th August 2018 Global corporate engineering and consulting group DMT has released the new-generation Slim Borehole Scanner (SBS) technology for imaging extra-slim drill holes with a diameter of 23 mm, with keen interest from local mining companies, says DMT director Sodhie Naicker. One of the SBS’s primary... 

New-gen scanning  technology released,  interest from SA companies
SLIM BOREHOLE SCANNER The self-sufficient wireless tool is lightweight and easy to mobilise and use

Miner looks to meet Southern Africa’s zinc deficit

By: Erin Steenhoff-Snethlage     17th August 2018 While the zinc industry is poised to have a structural deficit until 2022, diversified miner Vedanta Resources' Vedanta Zinc International (VZI) is well positioned to meet the needs of South African zinc users, says VZI and Vedanta Resources Africa Base Metals CEO Deshnee Naidoo. “The feasibility... 

Miner looks to meet Southern Africa’s zinc deficit
Photo by Creamer Media
COMMITTED TO AFRICA Vedanta Resources has invested significant capital in Africa

Zambia’s refined copper outlook positive

17th August 2018 Zambia will remain one of the fastest growing refined copper producers in the world over the coming years, owing to strong domestic smelting capacity, rising mine output and continuing government support, according to economic research company BMI Research, a member of the Fitch Group. As the... 

Zambia’s refined copper outlook positive
Photo by Bloomberg
COPPER REFINING Refined copper production will gradually contribute more than raw materials to Zambia’s economy

Wits to host earthmoving, maintenance courses

By: Nadine James     17th August 2018 The University of Witwatersrand (Wits) Centre for Mechanised Mining Systems – part of the Wits Mining Institute (WMI) – will present three-day courses in mechanised earthmoving and in maintenance management in November.  WMI director professor Fred Cawood is delighted to introduce the first two... 

Wits to host earthmoving, maintenance courses
Photo by Creamer Media
FRED CAWOOD These courses are aimed at engineers and technicians, and will be followed up by a best practice workshop on South African mechanised mining lessons in 2019

CSIR, Mandela Mining Precinct combine forces in push to improve safety and productivity

By: Nadine James     17th August 2018 The Council for Scientific and Industrial Research (CSIR), as part of its collaboration with the Mandela Mining Precinct, has either developed or adapted several technologies that could be applied in mining environments to improve safety, productivity and efficiency. The function of the Mandela... 

CSIR, Mandela Mining Precinct combine forces  in push to improve safety and productivity

Multiple role-players needed within intelligent mine 

By: Jessica Oosthuizen     17th August 2018 Mining companies need to establish ecosystems of suppliers and partners to establish, operate, manage and integrate an intelligent mine, says Internet of Things (IoT) solution developer IoT.nxt mining partnerships director Eric Croeser. “Mining companies, whether small or global, cannot solve the... 

Multiple role-players needed within intelligent mine
IoT.nxt mining partnerships director Eric Croeser, Deloitte associate director Jan-Adriaan du Plessis and MineRP marketing VP Empie Strydom discuss the future of the intelligent mine. Camerawork and Editing: Nicholas Boyd.

Grootegeluk boosts Exxaro’s H1 coal output

By: Marleny Arnoldi     16th August 2018 Diversified miner Exxaro Resources’ coal production volumes for the six months to June 30 increased by 7%, or 1.5-million tonnes, compared with that of the second half of 2017. The company on Thursday attributed the increase in overall output to higher production volumes at the company’s... 

Grootegeluk boosts Exxaro’s H1 coal output
Photo by Creamer Media
Exxaro CEO Mxolisi Mgojo

Rio reports fatality in the Pilbara

By: Esmarie Swanepoel     16th August 2018 Mining major Rio Tinto has reported a fatality at its Paraburdoo mine, in the Pilbara. A spokesperson for the company told Mining Weekly Online that the incident is being investigated by the relevant authorities, with the full cooperation of the company. 

Exxaro H1 profit lifts boosted by coal performance

By: Reuters     16th August 2018 Exxaro Resources said on Thursday half-year profit rose 8%, boosted by a strong performance in its core coal business. Diluted headline earnings per share (HEPS) for continuing and discontinued operations rose to 953 cents per share for the six-month period ended June 30 2018, from 882 cents in... 

Ghana President to address delegates at Mining Indaba 2019

By: Marleny Arnoldi     15th August 2018 Ghana President Nana Akufo-Addo will speak at the 2019 Investing in African Mining Indaba, which will be held at the Cape Town International Convention Centre from February 4 to 7. Ghana is considered one of the major mining centres on the African continent; therefore, with Akufo-Addo speaking,... 

Ghana President to address delegates at Mining Indaba 2019
Photo by Reuters
Ghana President Nana Akufo-Addo

Japan utilities, Glencore set annual coal contract at $110/t – sources

By: Reuters     14th August 2018 Japanese utilities and global mining giant Glencore have settled an Australian thermal coal import contract for April 2018 to March 2019 at $110/t, according to several people with knowledge of the matter. The deals were struck between Glencore and Japanese utilities such as Shikoku Electric,... 

Terramin refinances standby term facility

By: Esmarie Swanepoel     14th August 2018 ASX-listed Terramin Australia has struck a refinancing deal with shareholder Asipac Group to restructure a standby term facility. The existing unsecured facility has now been increased from A$3.25-million to A$5.25-million on similar terms and will be secured in accordance with the terms of the... 

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