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Diversified Miners News

Ireland-based Connemara Mining to advance exploration on key gold, zinc prospects

By: Mia Breytenbach     8th December 2017 Irish gold and zinc explorer Connemara Mining aims to further advance exploration activities on key gold and zinc prospects, following the successful execution of several drilling programmes at these projects, Connemara Mining CEO Patrick Cullen tells Mining Weekly. Connemara currently holds... 

Exploration for, and production of, valuable minerals in Mozambique continue to advance

By: Keith Campbell     8th December 2017 There have been a number of recent developments involving smaller mining companies, both local and foreign, in Mozambique recently. These involve both exploration and production activities.  

South Africa urged to go back to basics to avoid mining’s demise

By: Mia Breytenbach     8th December 2017 For South Africa's mining industry to return to more successful times, the country will need to go back to basics, says Wits Mining Institute director Professor Fred Cawood, who also suggests that these basics could aid in sidestepping the demise of the mining industry in South Africa. These... 

South Africa urged to go back to basics to avoid mining’s demise
PROFESSOR FRED CAWOOD South Africa should embrace mining

Mining will only ‘move forward’ if there is a change of guard at Mineral Resources – lawyer

By: Mia Breytenbach     8th December 2017 The mining industry cannot move forward until new leadership is established within the Department of Mineral Resources (DMR), says law firm Cliffe Dekker Hofmeyr (CDH) mining head Allan Reid, who suggests that such a change could re-establish “some degree of optimism and trust in the mining... 

Mining will only ‘move forward’ if there is a change of guard  at Mineral Resources – lawyer
NEW HORIZONS South African mining companies are exploring other African jurisdictions for mining investment

Digitalisation initiative at Gamsberg to allow for minute-by-minute decision-making

By: Mia Breytenbach     8th December 2017 Diversified miner Vedanta Resources' Zinc International (VZI) has announced a greenfield digitalisation initiative, which will see a ‘Smart Ore Movement’ system built into its flagship Gamsberg zinc project. The project, which is being undertaken in collaboration with digital industrial company... 

Digitalisation initiative at Gamsberg to allow for  minute-by-minute decision-making
Photo by Duane Daws
GE South Africa CEO Thomas Konditi and Vedanta Zinc International CEO Deshnee Naidoo

Pallinghurst targets London, okays share buyback, halves executive pay

By: Martin Creamer     7th December 2017 Diversified mining and marketing company Pallinghurst, which has moved fast to stabilise the now-integrated coloured gemstone acquisition, is initiating a listing on the main board of the London Stock Exchange, going ahead immediately with a share buyback programme and benefitting from executive... 

Pallinghurst targets London, okays share buyback, halves executive pay
Photo by Duane Daws
Pallinghurst CE Arne Frandsen

Former South African Reserve Bank governor joins Glencore board

By: Creamer Media Reporter      7th December 2017 Diversified mining group Glencore has appointed the former governor of South Africa’s Reserve Bank, Gill Marcus, to its board as a nonexecutive director. Announcing the appointment on Thursday, chairperson Tony Hayward said that Marcus would be an asset to the Glencore board. 

Former South African Reserve Bank governor joins Glencore board
Former Reserve Bank Governor Gill Marcus has been appointed to Glencore's board

Mining should prepare for future of technology and automation

By: Mariaan Webb     6th December 2017 Global mining major BHP CEO Andrew Mackenzie says the mining industry has to show leadership and prepare its workforce for a future in which technology will play an ever-important role. In a philosophical address at the Melbourne Mining Club this week that also delved into how the West and the... 

Mining should prepare for future of technology and automation
BHP CEO Andrew Mackenzie

Glencore-Canada venture hitched to low-carbon economy shift

By: Martin Creamer     5th December 2017 The joint venture partnership Glencore struck with a Canadian pension plan on Tuesday provides exposure to commodities that benefit from a low-carbon economy. BaseCore Metals, a 50:50 partnership centred on base metals streams and royalties, involves Glencore Canada Corporation contributing a... 

Glencore-Canada venture hitched to low-carbon economy shift
Glencore CEO Ivan Glasenberg

Tanga to acquire Namibia zinc project, raises A$1.16m in placement

By: Mia Breytenbach     5th December 2017 ASX-listed Tanga Resources announced on Tuesday that it would acquire the high-grade Joumbira zinc project in Namibia and that it would raise A$1.16-million to fund the transaction and to start planned work programmes. The company entered into a binding option agreement to acquire 100% of the... 

Change or lose another 100 000 mining jobs – Cutifani

By: Martin Creamer     4th December 2017 Without change, the South African mining industry would lose another 100 000 jobs, said Anglo American CEO Mark Cutifani, who six years ago accurately predicted the recent 100 000 job demise in South African mining. “I'll say it again, absent of change, we’ll lose another 100 000 jobs,” the... 

Change or lose another 100 000 mining jobs – Cutifani
Photo by Duane Daws
Anglo American CEO Mark Cutifani

Rio picks Thompson for chairperson as investors target discipline

By: Bloomberg     4th December 2017 Rio Tinto named industry veteran Simon Thompson as chairman after shareholders rejected a plan to install a renowned dealmaker -- reinforcing an industry-wide investor drive for higher returns and caution over project spending. Thompson, 58, a Rio director since 2014 and previously an executive... 

Rio picks Thompson for chairperson as investors target discipline
Simon Thompson

Cobalt’s dramatic demand bump gives rise to novel investment vehicle

By: Henry Lazenby     1st December 2017 Cobalt supply constraints, coupled with a never-before-seen boom in the adoption rate of electric vehicles (EV) across the globe, have conspired to create an ideal market in which a pure-play cobalt investment and participation vehicle's profits can outpace its peers. Cobalt, a critical ‘energy... 

Cobalt’s dramatic demand bump gives rise to novel investment vehicle

Pilot Crushtec launches modular solutions, increases service offering

By: Mia Breytenbach     1st December 2017 Crushing and screening specialists Pilot Crushtec International has launched two new products – the Pilot Modular MAXIscalp 600 and the Metso Nordplant C80 primary crushing station intended for use in modular configurations – at its 2017 Open Day last month.   The MAXIscalp 600 is the world’s... 

Pilot Crushtec launches modular solutions, increases service offering
MODULAR FLEXIBILITY The MAXIscalp 600 scalping plant has a set-up that provides flexibility to adapt to changing operational requirements

Advanced technologies bringing about ‘new realities’ in the mining sector

     1st December 2017 The mining industry is in a crisis, says digital engagement company Wyzetalk CEO Gys Kappers.  He points to the country’s inability to ensure the “right” legislative, administrative and operating environment, which is being compounded by a decline in resource demand, weakening prices and... 

Advanced technologies bringing about  ‘new realities’ in the mining sector
GYS KAPPERS Management in the digital age should be concerned with the deployment and coordination of people and resources, using digital technology with a view to becoming far more efficient

South32 upbeat on aluminium, manganese and energy coal prospects

By: Mia Breytenbach     1st December 2017 With the price of various commodities having improved during the 2017 financial year, diversified miner South32 remains optimistic about the aluminium, manganese and energy coal sectors for the year ahead. “Manganese led the way [in terms of price increases], and metallurgical coal, energy coal,... 

South32 upbeat on aluminium, manganese and energy coal prospects
Photo by Bloomberg
GRAHAM KERR The financial results for the 2017 financial year, with the strides we’ve made towards our sustainability, diversity and safety targets, give me confidence for the year ahead

Bushveld unit completes first phase of vanadium project expansion

By: Mia Breytenbach     1st December 2017 Aim-listed Bushveld Minerals’ Bushveld Vametco subsidiary completed the first phase of the Vametco multiphased expansion project in the September quarter, during which Vametco reached a yearly production run rate of 3 035 metric tonnes of vanadium (MTV). Bushveld Minerals and Yellow Dragon... 

Bushveld unit completes first phase of vanadium project expansion
Photo by Duane Daws
FORTUNE MOJAPELO The completion of the expansion project will enhance Vametco’s existing competitive position in a structurally deficit market

Electric vehicle revolution a rare investment opportunity as metals demand spikes

By: Henry Lazenby     1st December 2017 The rate at which global auto markets are adopting electrically powered vehicles (EVs) is accelerating at a much faster pace than even some of the keenest market observers have estimated at the start of 2017, and is opening up once-in-a-lifetime investment opportunities among the four key ‘energy... 

Electric vehicle revolution a rare investment opportunity as metals demand spikes

South Africa urged to go back to basics to avoid mining industry's demise

By: Mia Breytenbach     30th November 2017 In order for South Africa's mining industry to return to more successful times, the country will need to go back to basics, says Wits Mining Institute director Professor Fred Cawood, who also suggests that these basics could aid in sidestepping the demise of the mining industry in South Africa.... 

South Africa urged to go back to basics to avoid mining industry's demise
Wits Mining Institute director Professor Fred Cawood

AfriTin advancing towards feasibility studies at Uis mine

By: Megan van Wyngaardt     30th November 2017 Since being admitted to shares trading, Aim-listed AfriTin Mining is now positioned to expand the pilot plant at Uis tin mine, in Western Namibia’s Erongo region, into a commercial operation, before completion of a definitive feasibility study for full-scale production. In the six months to... 

Bushveld Minerals to consolidate ownership in Bushveld Vametco

By: Megan van Wyngaardt     30th November 2017 Aim-listed Bushveld Minerals on Thursday said it had made an $11.1-million offer to acquire all the shares it does not already own in Bushveld Vametco (BVL). Bushveld currently owns 45% in BVL, while Yellow Dragon Holdings holds a 55% interest. 

Dassault Systèmes heralding in new autonomous mining era  

By: Martin Creamer     30th November 2017 The 'mine of tomorrow' is expected to be a factory-like entity equipped with a multiplicity of autonomous devices, which are controlled by technology savvy personnel working from remote centres, attendees of the natural resources forum heard in Sandton on Thursday. The ‘mine of tomorrow’ would... 

Dassault Systèmes heralding in new autonomous mining era
Dassault Systèmes Geovia CEO Raoul Jacquand interviewed by Mining Weekly Online’s Martin Creamer on mine modernisation. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Australian industry prepares for possible summer power cuts

By: Reuters     30th November 2017 Some of Australia's biggest power users, including mining giant BHP, are taking steps to curb the impact of any repeat of crippling blackouts that hit last summer, worried about a grid that increasingly relies on wind power and old coal-fired plants. Their back-up strategies come despite... 

Robots will run mines within the next decade, Anglo says

By: Bloomberg     29th November 2017 Some mines in the next decade will run without humans and instead rely on robots, virtual models and sensors, according to Anglo American. Anglo is betting on technology, such as computerized drills with "chiseling ability as good as a human" to increase productivity, cut costs and reduce... 

Tertiary director, former BHP exec David Whitehead passes away

By: Mariaan Webb     29th November 2017 Mining geologist David Whitehead has passed away at the age of 74, Aim-listed Tertiary Minerals reported on Wednesday. Whitehead was a nonexecutive director of the company at the time of his passing. 

Glencore, Chad are said to deadlock on $1bn debt deal

By: Bloomberg     29th November 2017 Talks between Chad, Glencore and a group of banks to restructure more than $1-billion in debt have stalled after the African nation rejected the commodities trader’s latest proposal to delay repayment of an oil-for-cash loan, according to people familiar with the negotiations. The negotiations... 

Tertiary gains access to prefinancing with Possehl agreement

By: Megan van Wyngaardt     29th November 2017 Aim-listed Tertiary Minerals has signed a memorandum of understanding with global commodities trading group Possehl Erzkontor to enter into a definitive purchase and sales agreement, the company said on Wednesday. Under the agreement, Tertiary would sell its fluorspar products to Possehl, while... 

Lupaka kicks off Invicta PEA

By: Henry Lazenby     29th November 2017 Peru-focused gold explorer and project developer Lupaka Gold has appointed consulting engineering firm SRK Consulting Canada the lead contractor to prepare a preliminary economic assessment (PEA) on its 100%-owned Invicta gold project. Invicta is an advanced-stage gold/copper polymetallic... 

IDC outlines actions for mining industry to inch closer to success

By: Mia Breytenbach     28th November 2017 While the Toronto Declaration-based standards for the mining industry, adopted by the International Council of Metals and Mining, are broadly accepted as encompassing mines’ social licence to operate, only an “arrogant or stupid person” would argue that all relevant standards have been met, says... 

Magnis receives strong interest from flake graphite buyers

By: Samantha Herbst     28th November 2017 Having evolved into a diversified project developer with graphite mine developer operations and ownership in the large-scale manufacture of lithium-ion batteries, ASX-listed graphite buyer and seller Magnis Resources has received strong interest from a number of parties looking to source... 

Kibaran receives resettlement approval for Epanko

By: Megan van Wyngaardt     28th November 2017 Australia-based junior Kibaran Resources on Tuesday reported that the Tanzanian government had approved the resettlement action plan (RAP) compensation schedules for its Epanko graphite project. The chief valuer from the Ministry of Lands, Housing and Human Settlements Development (MLHHSD)... 

BHP targets cost cuts; sees upside in copper, steel prices

By: Reuters     28th November 2017 Top global miner BHP Billiton said on Tuesday it will drive further cost cuts across its Australian business, and forecast strong price support from China for steelmaking raw materials. BHP will target $1.6-billion in productivity gains at its Australia iron-ore, copper and coal units over the... 

BHP targets cost cuts; sees upside in copper, steel prices
BHP Minerals Australia president Mike Henry

Vedanta’s Zinc International, GE collaborate on digitalisation initiative at Gamsberg 

By: Mia Breytenbach     27th November 2017 Diversified miner Vedanta Resources' Zinc International (VZI) has announced a greenfield digitalisation initiative, which will see a ‘Smart Ore Movement’ system built into its flagship Gamsberg zinc project. The project, which is being undertaken in collaboration with digital industrial company... 

Vedanta’s Zinc International, GE collaborate on digitalisation initiative at Gamsberg
Vedanta Zinc International CEO Deshnee Naidoo discusses the benefits of the digitalisation initiative being implemented at the Gamsberg mine. Video and editing: Nicholas Boyd.

MRC concludes scoping study on Western Australia's Munglinup project

By: Samantha Herbst     27th November 2017 Following its announcement last week that it had executed a farm-in and joint venture agreement to explore for graphite in Western Australia, ASX-listed explorer Mineral Commodities (MRC) announced Monday that it had completed a scoping study and produced the resultant preliminary economics to... 

Triton shortlists two EPC contractors to spearhead Ancuabe construction

By: Samantha Herbst     27th November 2017 ASX-listed graphite developer Triton Minerals has shortlisted engineering, procurement and construction management (EPCM) companies Sinosteel Equipment & Engineering and MCC International as potential EPC contractors for its Mozambique-based Ancuabe graphite project. Triton announced on Monday... 

South32 okays R4.3bn project, eyes JSE for rejigged energy coal 

By: Martin Creamer     27th November 2017 Diversified mining and metals company South32 on Monday approved the R4.3-billion, 20-year Klipspruit life extension project at South Africa Energy Coal (SAEC), and at the same time set out to turn its South African energy coal business into a standalone entity, earmarked for further empowerment... 

South32 okays R4.3bn project, eyes JSE for rejigged energy coal
South32 CEO Graham Kerr

BHP, Goldman hunt for energy fix amid remote banana plantations

By: Bloomberg     27th November 2017 The world’s biggest miner and Wall Street’s top-ranked merger firm are among the high-profile backers of a remote solar project nestled among banana crops in Australia’s far tropical northeast. For BHP Billiton, it’s a chance to unlock renewable technology for the global mining sector. As... 

Rio Tinto and Sinosteel extend iron-ore mining JV

By: Mariaan Webb     24th November 2017 Diversified mining group Rio Tino and its long-time joint venture (JV) partner, Sinosteel, have agreed to further extend their Channar iron-ore mining JV. The third extension will see an additional 10-million tonnes of iron-ore delivered into the JV from Western Australia. 

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