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Diversified Miners News

Vedanta’s Gamsberg mine remains on track

By: Simone Liedtke     11th April 2018 LSE-listed Vedanta Resources’ Zinc International business produced 157 000 t of zinc in the financial year ended March 31, in line with the 156 000 t produced in the prior financial year. The BMM operation, in South Africa, increased its mined zinc output by 3% year-on-year to 72 000 t, but the... 

South32 ordered to pay damages to Colombia community, miner to appeal

By: Esmarie Swanepoel     11th April 2018 Diversified miner South32 on Wednesday said that it would appeal a decision by the Constitutional Court of Colombia in relation to alleged health and environmental impacts on the community surrounding its Cerro Matoso nickel operation. The Constitutional Court found that waste from the Cerro... 

Canada's Saskatchewan sees smaller fiscal deficit as spending kept tight

By: Reuters     11th April 2018 The Canadian province of Saskatchewan, home to major potash and uranium reserves, said on Tuesday it would run a smaller deficit in the current fiscal year and balance its books in 2019/20 as it keeps a tight lid on spending despite projected higher commodity prices. Saskatchewan, which has... 

Former South African President Kgalema Motlanthe joins Ivanhoe board

By: Henry Lazenby     10th April 2018 Former South African President Kgalema Motlanthe has joined the board of project developer Ivanhoe Mines with immediate effect, the company announced on Tuesday. In his new nonexecutive capacity, Motlanthe is expected to bring a “new dimension” to the company’s strategic evaluations, consensus... 

Former South African President Kgalema Motlanthe joins Ivanhoe board
Photo by Creamer Media
Former South African President Kgalema Motlanthe

Vision 2030 mining growth strategy under development ­– ­DMR

By: Martin Creamer     10th April 2018 A Vision 2030 for the mining industry, and a strategy for growth and competitiveness of the sector, are topics under development, the Department of Mineral Resources (DMR) said on Tuesday, when efforts to finalise and gazette the Mining Charter also intensified. In announcing that Mineral... 

Vedanta's application to renew copper smelter operations in India rejected

By: Reuters     10th April 2018 Vedanta Resources said on Tuesday its application to renew operations at a copper smelting plant in the South Indian town of Thootukudi was rejected. The rejection comes amid almost daily protests by the people of Thootukudi against Vedanta's plans to increase the capacity of the smelter, one of... 

Glencore terminates Rusal-EN+ share swap, Glasenberg quits Rusal board

By: Mariaan Webb     10th April 2018 Multinational miner and commodity trader Glencore will not proceed with a share swapping transaction with Russian companies Rusal and EN+ Group, following fresh US sanctions targeting Kremlin-linked companies and oligarchs. Glencore, which on Tuesday confirmed that it would comply with all... 

Glencore terminates Rusal-EN+ share swap, Glasenberg quits Rusal board
Photo by Creamer Media
Glencore CEO Ivan Glasenberg has resigned as director of Russian aluminium gaint Rusal.

Vanadium batteries need 'Elon Musk moment' to kick-start market

By: Bloomberg     10th April 2018 Vanadium needs Elon Musk or another big player in the global battery market to get behind the metal in order to share centre stage with other energy-storage components such as lithium and cobalt. “When we get that moment, we’re off to the races,” Vincent Algar, MD of Australian Vanadium, said in... 

Kinder Morgan suspends Trans Mountain Expansion project as political firestorm heats up

By: Henry Lazenby     9th April 2018 Pipeline operator Kinder Morgan Canada (KMC) has placed non-essential activities and related spending to twin an existing crude oil pipeline between Alberta and British Columbia on ice, as opposition to the project in British Columbia intensifies. The C$7.4-billion project, which was previously... 

Kinder Morgan suspends Trans Mountain Expansion project as political firestorm heats up

Rio Tinto discloses details of the $5.1bn tax payments

By: Anine Kilian     9th April 2018 Diversified miner Rio Tinto on Tuesday revealed that its tax payments and royalties paid had increased from $4-billion in 2016, to more than $5.1-billion in 2017, with the majority of taxes paid in Australia. In its latest voluntary taxes paid report, published on Tuesday, Rio Tinto detailed that... 

Mobile communication boosts work milieu in deep-level mines

By: Donald Makhafola     6th April 2018 With deep-level mineworkers exposed to hazardous environments on a daily basis, companies need to improve their communication and planning to reduce the number of fatalities in the industry, says employee engagement company Wyzetalk CEO Gys Kappers. "Enhancing stakeholders' engagement through... 

Mobile communication boosts work milieu in deep-level mines
GYS KAPPERS Enhancing stakeholders' engagement through more frequent communication will go a long way towards improving health and safety measures in mines

Technical innovation receives industry thumbs up

     6th April 2018 Consulting firm Mira Geoscience received the Ultra Deep Mining Network (UDMN) Outstanding Achievement in Commercialisation award for a technical innovation and commercial sale that is quickly becoming the industry’s most comprehensive and advanced geotechnical data management and hazard... 

Technical innovation  receives industry thumbs up
Photo by Bloomberg
GEOTECHNICAL SERVICES The Ultra-Deep Mining Network is accelerating commercially viable technologies to the mining industry

BME launches new emulsion brand, eyeing North American market

By: Nadine James     6th April 2018 After three decades of advancement in its emulsion offerings, South Africa-based explosives leader BME is subsuming its well-known brands such as HEF, and Megapump under the name of Innovex. According to BME ammonium nitrate-based products, equipment and services product manager Dr Rakhi Pathak,... 

Horomela expedites exploration programme, expects resource estimate

By: Nadine James     6th April 2018 Aspiring base metals exploration and mining junior Horomela Mining Investment & Resources has started its exploration programmes on various licences, including its Steinkopf 22, Naroep and Aggeneys zinc licences, all in the Northern Cape. The company expects to produce an exploration results... 

Bushveld’s Lemur progressing Madagascar coal and power project

By: Marleny Arnoldi     5th April 2018 Aim-listed diversified miner Bushveld Minerals on Thursday provided an operational update regarding its coal and energy subsidiary Lemur Holdings, stating that the bankable feasibility study for the integrated thermal coal mining and independent power project, in Madagascar, is progressing.  

Bushveld’s Lemur progressing Madagascar coal and power project
Lemur Resources CEO Prince Nyati

BHP quits World Coal Association over differences in climate policies

By: Esmarie Swanepoel     5th April 2018 Mining major BHP has taken the decision to discontinue its membership of the World Coal Association (WCA), citing “material differences” in their respective climate change policies. The diversified giant also said on Thursday that the decision was also taken in light of the “narrow range of... 

BHP quits World Coal Association over differences in climate policies

Eldorado rises as Greek arbitration panel rejects State's claims

By: Henry Lazenby     4th April 2018 The TSX-listed equity of Canadian gold and base metals producer Eldorado Gold lifted off recent 52-week lows on Wednesday, after the company announced a favourable ruling by an arbitration panel in its dispute with the Greek government over its Madem Lakkos metallurgical plant. Vancouver-based... 

Eldorado rises as Greek arbitration panel rejects State's claims
Photo by Eldorado Gold
Visible mineralisation at Eldorado Gold's Skouries project, in Northern Greece

Sub-Saharan African mining sector to continue facing illegal mining challenges, regulatory risks

By: Marleny Arnoldi     3rd April 2018 Widespread illegal mining activity and rising regulatory risks are two of the biggest challenges that will face the sub-Saharan Africa mining sector in the coming months, research and analysis firm BMI Research says.  

Initial public offerings slow during Q1 as volatility keeps investors at bay

By: Henry Lazenby     2nd April 2018 Initial public offerings (IPOs) on Canadian stock exchanges took a breather during the first quarter of this year, as issuers and investors digest a slew of relevant factors such as the implications of interest rate hikes, recent US tax changes, market volatility and threats to world trade,... 

Initial public offerings slow during Q1 as volatility keeps investors at bay

Legislative amendments call for suitable PDS solutions

By: Paige Müller     30th March 2018 Educating the local mining industry on the correct application of and legislative requirements regarding pedestrian detection system (PDS) solutions is a priority, given the pending implementation of stricter safety regulations, says mine safety equipment supplier Booyco Electronics. Chapter 8 of... 

Legislative amendments call for suitable  PDS solutions
PROXIMITY DETECTION Moving machinery incidents were the cause of 12 deaths in 2017 and to date three this year

Modular buildings supplier aims to expand its African footprint

By: Melissa Zisengwe     30th March 2018 The remote locations of African mine sites represent a significant business growth opportunity for prefabricated modular buildings supplier Kwikspace, says Kwikspace sales executive Roberto Campos. 

Modular buildings  supplier aims to expand  its African footprint
MINE-SITE OFFICES The South African mining sector has been Kwikspace’s biggest customer

Preventive maintenance project for remote site facilities under way

By: Melissa Zisengwe     30th March 2018 Mass accommodation product supplier Ascot Site Solutions will provide preventative maintenance on current and future equipment at a project on a remote copper mine site, in the Democratic Republic of the Congo (DRC). 

Preventive maintenance project for remote site facilities under way
RHETT BELLAMY It is our goal to make sure clients don’t suffer through endless breakdowns

‘Home away from home’ accommodation for mine

By: Melissa Zisengwe     30th March 2018 Prefabricated site accommodation supplier Speedspace completed the installation of a management camp for diversified miner Vedanta Resources’ zinc subsidiary Vedanta Zinc International’s Gamsberg project in February. 

‘Home away from home’ accommodation for mine
ACCOMMODATION CAMP Speedspace provided comfortable customised modular accommodation units

Hydrocyclone improves recovery, optimises processing

By: Nadine James     30th March 2018 Depleting ore grades and rising energy costs are creating new challenges for minerals processing, in response, Metso introduced MHC Series Hydrocyclone. The solution, although officially launched in 2016, is currently being trialled at a copper porphyry mine in the US. Metso Africa and Middle... 

Innovative mobile toilet solutions suit mining industry

By: Melissa Zisengwe     30th March 2018 Cape Town-based premier mobile ablutions and toilets supplier Absolute Ablutions is offering the mining industry an innovative range of toilets, providing the most effective and affordable sanitation for remote mining sites. A variety of high-quality toilet units, including basic non-flush,... 

Innovative mobile toilet solutions suit mining industry
COMPACT UNIT Absolute Ablutions’ units cater to the various requirements of the mining industry

Glencore signs $9.09bn loan refinancing

By: Reuters     29th March 2018 Global diversified natural resource company Glencore has signed $9.09-billion of loans to refinance its existing short-term revolving credit facilities, the company said on Thursday. The facilities replace Glencore’s existing $7.34-billion one-year revolving credit facility agreed in May 2017. 

Brazilian miner Vale to discuss new dividend policy - Valor

By: Reuters     28th March 2018 Board members of Brazilian miner Vale will discuss in a meeting on Thursday a new dividend policy, according to a Wednesday report by newspaper Valor Econômico. Under the new policy, Vale would calculate dividend payouts based on its earnings before interest, tax, depreciation and amortisation,... 

Private capital carves out mining niche with specialist focus

By: Henry Lazenby     28th March 2018 Generalist investment funds are having a hard time keeping up with the success private capital lenders have enjoyed in the mining space in recent quarters, with private equity firms carving out their niche by being specialists at their game. The generalist funds are underwriting real estate and... 

Private capital carves out mining niche with specialist focus

DRDGold shareholders approve WRTRP deal with Sibanye-Stillwater

By: Marleny Arnoldi     28th March 2018 Dual-listed DRDGold’s shareholders on Wednesday voted in favour of all resolutions relating to the company’s proposed acquisition of certain assets at diversified miner Sibanye-Stillwater’s West Rand Tailings Retreatment Project (WRTRP).  

DRDGold shareholders approve WRTRP deal with Sibanye-Stillwater
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman and DRDGold CEO Niël Pretorius

Rio Tinto sells stake in Kestrel coal mine for $2.25bn

By: Schalk Burger     27th March 2018 Diversified miner Rio Tinto will sell its 80% stake in the Kestrel underground coal, in Queensland, Australia, to private equity manager EMR Capital and Indonesian listed coal company PT Adaro Energy for $2.25-billion. “The sale of Kestrel, together with the announced divestments of Hail Creek... 

US Army Corps announces scoping period for Northern Dynasty’s Pebble project

By: Henry Lazenby     23rd March 2018 The US Army Corps of Engineers' Alaska District will publish a notice of intent in the US federal register next week to prepare a draft environmental-impact statement (EIS) to review the Pebble Limited Partnership’s (PLP's) application to discharge fill material into US waters for the purpose of... 

Cause of fire at Exxaro reductants plant in Limpopo being investigated

By: Marleny Arnoldi     23rd March 2018 Diversified miner Exxaro Resources and the Department of Mineral Resources are investigating the cause of a fire that broke out at Exxaro’s Grootegeluk reductants plant, in Lephalale, Limpopo, on Wednesday.  

Mining Charter must ensure radical transformation, inclusive growth

By: Marleny Arnoldi     23rd March 2018 In light of the Mining Charter III currently under review by the Department of Mineral Resources (DMR) and various stakeholders including mining houses, Siyakhula Sonke Empowerment Corporation Advisory (SSC Advisory) believes an ideal outcome would be for the charter to focus on radical... 

Mining Charter must ensure radical transformation, inclusive growth
Photo by Bloomberg
SOCIAL ENGAGEMENT Community problems cannot be solved by a one-size-fits-all, blanket approach – every mine and community is unique

Chilean mining policy championed for South Africa

     23rd March 2018 Chile, the world’s leading copper producer, serves as a good example of mining policy for South Africa to emulate, postulates research and policy organisation the South African Institute of Race Relations (IRR).  

Chilean mining  policy championed  for South Africa
CHILLED OUT Chile, the world’s leading copper producer, boasts a thriving mining industry, positioning it as prime example of good mining policy

Company starts offering advisory services

By: Marleny Arnoldi     23rd March 2018 Following the realisation that their mining clients often need advisory services with regard to technical or operational issues at a cost-effective rate, mining services and solutions provider Dickinson Group began offering advisory services to the industry in November.  

Company starts offering advisory services
ADVISORY ADDED Dickinson Group provides refractory and a range of smelter services to the mining industry, as well as advisory, aimed at improving efficiencies

HRB technology, advantages drilled out at SANCOT talk

By: Jessica Oosthuizen     23rd March 2018 JSE-listed raiseboring and drilling services provider Master Drilling featured its horizontal raiseboring (HRB) technology and its advantages for mechanised mining at the latest South African National Committee on Tunnelling (SANCOT) breakfast, held in Woodmead last month. Master Drilling... 

HRB technology, advantages  drilled out at SANCOT talk
INNOVATIVE TUNNELLING Master Drilling was involved in the boring and excavation of a 180-m-long horizontal tunnel at Cullinan mine, in Gauteng

Software solution aids tailings management

By: Tasneem Bulbulia     23rd March 2018 Governance, risk and compliance software supplier IsoMetrix has developed the IsoMetrix tailings management solution (TMS) to specifically enable mining operations to manage their tailings storage facilities (TSFs) more effectively and responsively, as these are inherently environmentally risky,... 

Software solution aids tailings management
POWERFUL FEATURE IsoMetrix Tailings Management Solution’s built-in dashboard capabilities are configurable and provide visible data customisable to the user profile

Sustainable management of risks gains traction

By: Tasneem Bulbulia     23rd March 2018 Amid a range of land contamination issues in South Africa, mining houses are increasingly adapting their operations to be more holistic to curb environmental risks and create meaningful value for local stakeholders while achieving their objectives. Engineering consultancy WSP Africa environment... 

Sustainable management  of risks gains traction
HAZARDOUS The impacts of land contamination can be significant and widespread for mine operations, leading to high costs

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