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Diversified Miners News

Bullion association punting responsible sourcing as a ‘must have’

By: Mia Breytenbach     23rd March 2018 The London Bullion Market Association, the world’s authority for precious metals, together with its 150 members based in more than 30 countries and encompassing every part of the journey in precious metals production, is adding value to the global industry by setting standards, developing market... 

As commodities roar, Africa wants bigger slice of mining pie

By: Bloomberg     22nd March 2018 One by one, the biggest names in African mining are getting squeezed. The tactics might be blunt, but the message is clear: the countries where they operate want a bigger share of the proceeds. The collapse in commodities through 2015 hobbled some of Africa’s biggest resource economies, stunting... 

Glencore to raise $500m through nondilutive bonds issuance

By: Schalk Burger     22nd March 2018 LSE- and JSE-listed diversified natural resource multinational Glencore will issue $500-million cash-settled, guaranteed convertible bonds, which will not dilute its shareholding, the company said in a statement on Thursday. The company will, concurrently with the bonds (due in 2025), buy from... 

Deloitte launches Intelligent Mining Solution to encourage digital transformation

By: Nadine James     22nd March 2018 Advisory firm Deloitte has launched an Intelligent Mining Solution that illustrates how digital transformation in mining can address legacy industry challenges, improve safety and enable the required step change in performance. Deloitte collaborated with several technology business partners to... 

The lithium sector surge is poised to ignite a deals bonanza

By: Bloomberg     21st March 2018 The tripling in lithium prices over three years is poised to fuel a multi-billion dollar rush of deals as major players jostle for dominance to supply the metal needed for the electric vehicle battery revolution. China’s expected to lead a mergers and acquisition bonanza as companies seek to... 

The lithium sector surge is poised to ignite a deals bonanza

Rio makes plans to further reduce debt

By: Esmarie Swanepoel     21st March 2018 Mining major Rio Tinto has launched a $2.25-billion debt reduction programme. Under the plan, Rio has issued redemption notices for some $1.4-billion of four series of its US-dollar denominated notes, maturing in 2021 and 2022, and has started invitations to holders outside of the US to sell up... 

G20 sees need for 'dialogue,' fails to diffuse trade war threat

By: Reuters     21st March 2018 The world's financial leaders rejected protectionism on Tuesday and urged "further dialogue" on trade, but failed to diffuse the threat of a trade war days before US metals tariffs take effect and Washington is to announce measures against China. Finance ministers and central bankers of the... 

G20 sees need for 'dialogue,' fails to diffuse trade war threat
Photo by Reuters
Canada's Finance Minister Bill Morneau

US Congressional action underscores strong desire to establish domestic REE supply chains

By: Henry Lazenby     19th March 2018 Recent US Congressional actions point to a strong desire to establish domestic rare earth element (REE) supply chains, as the industry seeks to diversify away from dominant producer and consumer – China. Congress continues to work on the development of REE separation technologies, as evidenced by... 

US Congressional action underscores strong desire to establish domestic REE supply chains
Rare-earth oxides

Marijuana is the new gold as former Canada miners go to pot

By: Bloomberg     19th March 2018 Turns out, it may be easier to strike gold by growing green. Just ask Jay Wilgar, a former wind power developer who started a medical marijuana company with friend Travis Kanellos after hatching the idea while lifting weights at a gym. When they began looking at ways to take their startup... 

Marijuana is the new gold as former Canada miners go to pot

DRC curbs expectations of miners about concessions on code

By: Bloomberg     19th March 2018 Mining companies in the Democratic Republic of Congo (DRC) won’t secure substantial concessions in talks with the state about changes to the industry code, a senior mining official said. The operators, including Glencore Plc and Randgold Resources, are pressing the government to row back on some... 

Rio Tinto hires UBS to explore Pacific Aluminium listing - sources

By: Reuters     19th March 2018 Rio Tinto has asked Swiss investment bank UBS to explore a possible public listing of its Pacific Aluminium smelting business on the Australian Stock Exchange (ASX), two industry sources said on Friday. The mining group has tried to sell the division many times without success, including in... 

ARM's Motsepe predicts successful charter, land outcomes 

By: Martin Creamer     16th March 2018 The executive chairperson of diversified black-controlled mining company African Rainbow Minerals (ARM), Patrice Motsepe, on Friday expressed the firm conviction that South Africa was in the process of reinforcing its position as a competitive mining destination through a positive Mining Charter... 

ARM's Motsepe predicts successful charter, land outcomes
African Rainbow Minerals executive chairperson Patrice Motsepe at presentation of 15% higher half-year earnings covered by Mining Weekly Online’s Martin Creamer. Photographs: Dylan Slater. Video and Video Editing: Darlene Creamer.

African Rainbow Minerals ups earnings, declares dividend

By: Martin Creamer     16th March 2018 Diversified black-led mining company African Rainbow Minerals (ARM) on Friday announced a 15% increase in headline earnings for the six months to December 31 to R1 945 million. This increase was mainly as a result of improved headline earnings from the manganese division, ARM Coal, Modikwa... 

RBM continues work on Zulti South, sees markets improve

     16th March 2018 Work has continued on the feasibility study for the Zulti South mine expansion project at Richards Bay Minerals (RBM) in South Africa, which has the potential to maintain RBM’s low-cost smelting capacity and zircon production, diversified miner Rio Tinto reported in its 2017 full year results... 

Mineral sands see strengthening market conditions

     16th March 2018 The pricing for the mineral sands product suite continued to improve throughout 2017 with the zircon market in particular benefitting from improving demand dynamics and emerging supply side shortfalls, says mineral sands miner Mineral Deposits (MD). Further, within the high-grade titanium dioxide... 

Mineral sands see strengthening market conditions
Photo by Bloomberg
SHUTDOWN SLOWDOWN A gearbox failure caused a slowdown in operations at the TiZir titanium and iron ilmenite upgrading facility, in Norway

New platform to help resolve cross border mining services constraints 

By: Tracy Hancock     16th March 2018 There are two major challenges facing the supply of cross-border mining services in Africa – a lack of resources, such as skills and investment, and poor or nonexistent infrastructure – hindering the enormous growth in mining activity across Africa, says Cross-Border Mining Services Indaba... 

New platform to help resolve cross border mining services constraints
Cross-Border Mining Services Indaba conference manager Ros Hinchcliffe discusses the value of the inaugural event. Camerawork and Editing: Nicholas Boyd.

Mine ownership, funding talks continue

     16th March 2018 Mining company Premier African Minerals, which owns 49% of the RHA tungsten mine (RHA), in Zimbabwe, and is currently the only financial supporter for operations at the mine, reports that the ongoing financial discussions with the National Indigenisation and Economic Development Fund (NIEEF),... 

Mine ownership, funding talks continue
Photo by Reuters
OWNERSHIP PROSPECTS If new legislation is implemented, mines in Zimbabwe can be 100% foreign-owned

Rare earths company acquires critical metals portfolio in Namibia

     16th March 2018 Heavy rare earth elements project developer Namibia Rare Earths (NRE) has completed the acquisition of a portfolio of critical metal properties from private firm Gecko Namibia, which will see NRE obtain a controlling interest in a portfolio of seven metals properties, thereby expanding its focus... 

Rare earths company  acquires critical metals portfolio in Namibia
RARE MINERALS Namibia Rare Earths has started exploring several mineral deposits across the country

Lawyer hails Mantashe appointment, govt resolve to cooperate with mining

By: Nadine James     16th March 2018 Recent political changes, not least the appointment of Gwede Mantashe as Mineral Resources Minister, combined with the Ramaphosa administration’s seeming resolve to collaborate with industry, particularly the Chamber of Mines (CoM), have resulted in a “cautious optimism” for mining stakeholders,... 

Lawyer hails Mantashe appointment,  govt resolve to cooperate with mining
GEORG KAHLE Mantashe’s commitment to ensuring that an agreement on the charter is reached by June, should result in the legislature’s making the necessary amendments to the MPRDA

Digitalisation, automation to increase across Africa

By: Mia Breytenbach     16th March 2018 Digitalisation and automation in the mining industry have become a reality, says mining and equipment services provider Sandvik Southern Africa sales VP Simon Andrews, who tells Mining Weekly that industry “has stepped beyond the conceptual phase and entered the operational phase”. He suggests... 

Digitalisation, automation to increase across Africa
DIGITALISATION EMPHASIS The OptiMine information management systems are suitable for surface and underground mining applications

South Africa discount no longer warranted, say analysts

By: Martin Creamer     15th March 2018 The so-called 'South Africa discount' that has dogged and diminished the share prices of mining companies operating in South Africa for decades, has been declared "unwarranted" by Goldman Sachs Europe Metals & Mining Equity Research analysts, against the backdrop of the winds of political change... 

South Africa discount no longer warranted, say analysts
Photo by Goldman Sachs
Share prices of Glencore and Anglo at 2013 levels, despite higher earnings, lower debt

Oliphant talks up Mantashe's mining pedigree in Toronto

By: Henry Lazenby     15th March 2018 South Africa's Deputy Mineral Resources Minister Godfrey Oliphant talked up the mining pedigree of newly installed Minister Gwede Mantashe during the recent Prospectors and Developers Association of Canada's annual convention, held in Toronto. "His previous mining experience is an advantage for... 

Oliphant talks up Mantashe's mining pedigree in Toronto
Photo by Henry Lazenby
SA Deputy Mining Minister Godfrey Oliphant holds a gold casting of former President Nelson Mandela's hand during the 2018 PDAC convention, in Toronto

Paradigm shift required to position mining industry for long-term success

By: Henry Lazenby     15th March 2018 The long-term mindset of the mining industry will have to change to position itself for long-term success, set against an ever-changing landscape, says BHP Billiton's head for Minerals America, Daniel Malchuck. He told an audience during the keynote session of the recent Prospectors and... 

Paradigm shift required to position mining industry for long-term success
Photo by BHP Billiton
Escondida, Chile

Anglo commits to ambitious sustainability strategy

By: Martin Creamer     14th March 2018 Diversified mining company Anglo American has outlined an innovative approach to three major areas of sustainability - the environment, community development, and driving greater trust and transparency across the mining industry. 

Anglo commits to ambitious sustainability strategy
Photo by Creamer Media
Mark Cutifani

Anglo says cleaning up mining will earn it billions in profit

By: Bloomberg     14th March 2018 Mining is a dirty business, but Anglo American CEO Mark Cutifani says it doesn’t have to be. The miner of everything from copper to diamonds to iron ore is overhauling its sustainability targets, and predicts it can earn an extra $9-billion through 2030 by improving the way it mines and boosting... 

Anglo says cleaning up mining will earn it billions in profit
Photo by Creamer Media
Anglo American CEO Mark Cutifani

Mongolia anti-corruption agency targets Rio Tinto unit over Oyu Tolgoi

By: Esmarie Swanepoel     14th March 2018 Diversified major Rio Tinto is facing more scrutiny into its business dealings, this time from the Mongolian Anti-Corruption Authority (ACA), which has requested financial information from Rio subsidiary Turquoise Hill Resource regarding the Oyu Tolgoi project. Turquoise Hill told shareholders... 

Rio Tinto teams up with junior in Serbia exploration venture

By: Esmarie Swanepoel     14th March 2018 Mining major Rio Tinto’s exploration arm has reached a $31.5-million earn-in and joint venture (JV) agreement with ASX-listed junior Raiden Resources, over its project holding in Serbia. The earn-in and JV agreement covers Raiden’s Zapadni Majdanpek, Majdanpek Pojas and Donje Nevlje exploration... 

Vedanta dividend payout hits record

By: Megan van Wyngaardt     13th March 2018 LSE-listed Vedanta Resources’ subsidiary Vedanta Limited on Tuesday declared a record interim equity dividend of $1.2-billion. Vedanta Resources would receive $600-million of this dividend, the company said, sending its shares in London up 2.6% to £7.82 a share. 

Anglo Asian set to start $6m, three-year exploration programme

By: Megan van Wyngaardt     13th March 2018 Aim-listed gold, copper and silver producer Anglo Asian Mining on Tuesday said that it would shortly embark on a $6-million three-year rolling exploration programme of near mine, brownfield and greenfield areas at its operations in Azerbaijan, to replace mined ounces. The miner noted that it... 

New Congolese mining code rattling mining companies

By: Megan van Wyngaardt     13th March 2018 Beyond raising costs for domestic miners, a new mining code signed into law by Congolese President Joseph Kabila last week, poses downside risks to the investment outlook of the country’s mining industry over the coming years, as a result of heightened government intervention and regulatory... 

Coal, rapid loadout projects under construction - Exxaro 

By: Martin Creamer     13th March 2018 Diversified mining company Exxaro Resources, which began a R13-billion coal expansion programme in the second half of last year, has three coal projects and a rapid loadout station under construction, and is at the ready to develop another two coal projects, pending Department of Energy and Eskom... 

Coal, rapid loadout projects under construction - Exxaro
Exxaro Resources executive head of coal operations Nombasa Tsengwa speaks to Mining Weekly Online’s Martin Creamer, Photographs: Dylan Slater. Video and Video Editing: Darlene Creamer

Investors hunting cobalt deals approached Sherritt, CEO says

By: Bloomberg     13th March 2018 Sherritt International has been approached by investors seeking to buy a share of its cobalt production as a way of gaining exposure to the red-hot battery metal, the Canadian miner’s CEO said. Cobalt is rapidly becoming an investor darling as expectations of a shortage driven by the growth of... 

Coal miner Exxaro declares innovation an imperative 

By: Martin Creamer     12th March 2018 Coal mining company Exxaro Resources, which sees modernisation and innovation as imperatives, will this year announce new partnerships to ensure that it remains sustainably competitive going into the future. The Johannesburg Stock Exchange-listed black-led company, which has already met... 

Coal miner Exxaro declares innovation an imperative
Exxaro Resources CEO Mxolisi Mgojo talks to Mining Weekly Online’s Martin Creamer. Photographs: Dylan Slater. Video and Video Editing: Darlene Creamer.

Shell, Blackstone eye $10bn bid for BHP US shale assets – Sky News

By: Reuters     9th March 2018 Royal Dutch Shell and US private equity firm Blackstone Group are working on a joint $10-billion bid for BHP Billiton's US shale assets, Sky News said on Thursday. Shell and Blackstone's offer will only be one of several credible proposals that BHP will receive for its US shale operations, Sky... 

Shell, Blackstone eye $10bn bid for BHP US shale assets – Sky News

Roads agency intensifies mining-sector engagement

By: Nadine James     9th March 2018 Following its successful participation at the 2018 Investing in African Mining Indaba, the Roads Agency Limpopo (RAL) hosted a stakeholder engagement and fundraising session with the mining industry in the Sekhukhune district municipality last month at Lapeng Guest Lodge in Burgersfort, Limpopo.... 

Zone valves provide effective fire protection, reduce system cost

By: Marleny Arnoldi     9th March 2018 Fire-protection equipment supplier Fire & Security Techniques (FST) has introduced its Fire-Eater ZSV-25 local zone valve (ZSV-25) to the local market for use in systems where multiple zones in mines are protected by one fire-extinguishing cylinder bank.  

Zone valves provide effective fire protection, reduce system cost
FREE-FLOWING The ZSV-25 valve acts as a selector valve, directing the flow of Inergen fire-extinguishing agent to the correct zones, should a fire break out

Transnet rejects claim of no significant mining-linked rail and port investment in 15 years

     9th March 2018 Anglo American South Africa deputy chairperson Norman Mbazima argues that a revitalisation of South Africa’s rail and port networks will be key to ensuring a recovery in mining investment. Speaking at the Investing in African Mining Indaba, he lamented that he had not seen any significant rail... 

Transnet rejects claim of no significant mining-linked rail and port investment in 15 years

BASF opens new lab in Joburg

By: Nadine James     9th March 2018 Specialised chemicals company BASF Mining Solutions South Africa, last month opened its new agglomeration laboratory, based at research organization Mintek’s premises, co-located with BASF Mining Solutions’ existing sample preparation and solid-liquid separation laboratory. Following the... 

BASF opens new lab  in Joburg
NATURAL PROGRESSION The agglomeration lab was a natural progression for the company, which has been exploring means of enhancing recoveries for the last five years

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