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Diversified Miners News

Anglo American betting on South America to grow base metal assets

By: Reuters     10th January 2019 Miner Anglo American is betting on South America as its main growth area for base metals in the coming years, a top executive told Reuters. Ruben Fernandes, who heads Anglo's operations in Brazil and is slated to become its global head of base metals next March, said he wants to prepare the... 

Chile's copper mines post mixed results through Nov 2018 – Cochilco

By: Reuters     10th January 2019 Chile's largest copper mines posted mixed results through November of 2018, with a slight drop in output at state miner Codelco offset by a surge in production from BHP's Escondida, the world's largest copper mine. In all, copper production in the world's top producer of the red metal reached... 

Chile's Collahuasi plans resource sharing with Canada's Teck Resources

By: Reuters     10th January 2019 Chile's Collahuasi copper mine is talking to Canada's Teck Resources Ltd about resource-sharing as the two companies embark on ambitious expansion projects, its Chief Executive Jorge Gomez said on Wednesday. Collahuasi - owned by Glencore and Anglo American - is seeking "synergies" with companies... 

Goldman warns iron-ore's jump into $70s 'is not sustainable'

By: Bloomberg     9th January 2019 Iron-ore’s rally over the past month, with benchmark material pushing back into the $70s, is at risk as banks including Goldman Sachs Group and Morgan Stanley warn that prices are poised to drop back. While industry fundamentals have improved, current prices won’t last as more supply is on the... 

Chile copper mines to triple use of sea water in ten years – report

By: Reuters     9th January 2019 Chile's copper industry will triple its use of sea water for industrial processes in the next decade, State copper agency Cochilco said on Tuesday, as global miners in the world's top producer of the red metal seek alternatives amid growing water shortages. Cochilco said in a report that it... 

Chile copper mines to triple use of sea water in ten years – report

Chile copper output to jump by 30% in 10 years – report

By: Reuters     8th January 2019 Chile's copper production could jump by nearly 30% over the next ten years, Chile’s state copper agency Cochilco said on Monday. Cochilco said in a report that output from Chile, the world's top producer of the red metal, could reach a record of 7.25-million tonnes as early as 2025. 

Anglo American makes executive changes in base metals unit and Brazil

By: African News Agency      3rd January 2019 Global mining group Anglo American on Thursday announced a number of senior management changes following the decision to divide the management of its global base metals business from its strategy and business development activities.  The group said that Ruben Fernandes, currently chief executive... 

Anglo American makes executive changes in base metals unit and Brazil

Rio one step closer to Oyu Tolgoi power deal

By: Esmarie Iannucci     2nd January 2019 A power source framework agreement (PSFA) has been signed with the government of Mongolia over the Oyu Tolgoi copper/gold mine, outlining a path to secure reliable, long-term power for the operation. “We will now work together with all of Oyu Tolgoi’s partners to finalise the details and develop... 

Rio one step closer to Oyu Tolgoi power deal

Canadian regulator to fine Glencore-controlled miner over Congo - WSJ

By: Reuters     17th December 2018 A Glencore-controlled mining company and some of its current and former executives have agreed to pay more than $22-million to settle Canadian allegations they hid the risks of doing business with an Israeli close to Congolese President Joseph Kabila, the Wall Street Journal reported. The... 

Canadian regulator to fine Glencore-controlled miner over Congo - WSJ
Katanga Mining's operations in the Democratic Republic of Congo.

Chinese battery firm halts purchases of cobalt from Glencore – sources

By: Reuters     14th December 2018 Chinese battery firm GEM has stopped buying cobalt from Glencore as the price of the battery material crashed below that agreed in a three-year deal between the two companies, sources close to the matter said. GEM said in a March 14 regulatory filing that it would buy 52 800 tonnes of cobalt from... 

Prieska project edging closer to construction

By: Nadine James     14th December 2018 Dual-listed base metals miner Orion Minerals will release an updated Joint Ore Reserves Committee- (Jorc-) compliant resource statement for its Prieska zinc/copper project later this month. The Northern Cape project has a Jorc-defined maiden resource of 1.1-million tonnes of contained zinc... 

Prieska project edging closer to construction
Photo by Creamer Media
BUILDING ON FORMER GLORY Prieska produced 47-million tonnes of sulphide over 20 years and Orion can use the same processes as Prieska, but optimised through modern equipment and newer methodologies achieve greater heights

Policy certainty lifts sentiment, safety slips and a challenging 2019 forecast

By: Nadine James     14th December 2018 Improved sentiment on the back of a newly appointed Minerals Resources Minister, the publication of and the subsequent consensus on Mining Charter 3 after extensive consultations, and mixed global commodities demand influenced by macroeconomic developments – primarily US-China trade tensions –... 

Policy certainty lifts sentiment, safety slips and a challenging 2019 forecast

Vale bolsters case for takeover of BHP JV with acquisition

By: Bloomberg     13th December 2018 Vale’s latest acquisition bolsters the argument it has raised for taking complete control of the shuttered Brazilian iron-ore mine that it owns with BHP Group. Vale announced on Tuesday the purchase of technology firm New Steel for $500-million as it aims to boost output of high-grade iron-ore... 

Enable meaningful participation, pleads Women in Mining chair  

By: Martin Creamer     12th December 2018 The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi. Soweto-born Nakedi, who owns Gubhani Exploration – a surface exploration drilling company that is currently the only... 

Enable meaningful participation, pleads Women in Mining chair
Women in Mining chairperson and Gubhani Exploration MD Lindiwe Nakedi talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Creamer Media Chief Photographer Dylan Slater.

Anglo anticipates continual production growth to 2022 

By: Marleny Arnoldi     11th December 2018 Diversified miner Anglo American is targeting incremental yearly earnings before interest, taxes, depreciation and amortisation (Ebitda) of between $3-billion and $4-billion by 2022. CE Mark Cutifani on Tuesday said the group had completely transformed the quality of its asset portfolio and its... 

Anglo anticipates continual production growth to 2022
Anglo American CEO Mark Cutifani

New Mining Indaba competition draws attention to young talent in mining

By: Marleny Arnoldi     11th December 2018 Mining Indaba, which will be held at the Cape Town International Convention Centre from February 4 to 7, will introduce a new feature for 2019 – the Leaders of Tomorrow competition. The competition is part of the event’s young leaders programme, which is being produced in partnership with... 

Zambian mines warn tax changes could lead to 21 000 job losses

By: Bloomberg     11th December 2018 Zambia’s planned mining royalty increases could lead to more than 21 000 job losses and operators cutting $500-million in capital spending over the next three years, an industry lobby group said. Members of the Chamber of Mines, which represents companies including Glencore, First Quantum... 

Bushveld apologises for Aim rules breaches, pays £490 000 fine 

By: Marleny Arnoldi     7th December 2018 The London Stock Exchange has determined a public censure of Aim-listed Bushveld Minerals and fined the company £700 000 relating to Aim rule breaches that occurred in April 2016. Bushveld settled the fine early and it was, therefore, discounted to £490 000.  

Mantashe discusses mining’s lower GDP contribution with industry stakeholders 

By: Marleny Arnoldi     7th December 2018 Mineral Resources Minister Gwede Mantashe says the department and industry stakeholders are paying greater attention to detail, given that the contribution of the mining sector to gross domestic product (GDP) does not reflect its potential. According to GDP data released by Statistics South... 

ERG’s Metalkol Roan Tailings Reclamation project Phase I nearing completion

By: Jessica Oosthuizen     7th December 2018 Phase I of diversified miner Eurasian Resources Group’s (ERG’s) Metalkol Roan Tailings Reclamation (RTR) copper and cobalt project in the Democratic Republic of the Congo (DRC) is nearing completion and is expected to reach initial production rates early next year, says ERG CEO Benedikt Sobotka.... 

ERG’s Metalkol Roan Tailings Reclamation project Phase I nearing completion
METALKOL PROJECT The Metalkol Roan Tailings Reclamation project comprises the reprocessing of old cobalt and copper tailings from previous mining operations around Kolwezi, in the Democratic Republic of Congo

Process that will ‘drastically’ cut the power needed to reprocess mining waste edging closer to commercialisation

By: Tracy Hancock     7th December 2018 Energy efficiency in the mining and minerals processing sector continues to be a hot topic, especially in South Africa, where increases in the cost of energy sources – namely electricity, diesel and coal – along with that of labour, exceed inflation.   

Process that will ‘drastically’ cut the power needed to  reprocess mining waste edging closer to commercialisation

Gamsberg to trigger new wave of industrial development in Northern Cape 

By: Simone Liedtke     6th December 2018 In the lead-up to achieving its production target of 600 000 t/y, diversified miner Vedanta's Northern Cape-based Gamsberg zinc mine is ready to launch Phase 1. After having been in development for three years by Vedanta's Zinc International division, the $400-million Gamsberg development forms... 

 Gamsberg to trigger new wave of industrial development in Northern Cape

Teck announces senior appointments

By: Creamer Media Reporter      6th December 2018 Canadian major Teck Resources has announced the appointment of seven people to vice president positions. Greg Brouwer is VP of technology and innovation, Amparo Cornejo is VP for Chile sustainability and corporate affairs, Chris Dechert is VP for South America, Sepanta Dorri is VP for corporate... 

Seven Anglo employees make top 100 women in mining list

By: Marleny Arnoldi     6th December 2018 Seven female Anglo American employees made it onto the Women in Mining’s annual 100 Global Inspirational Women in Mining list. The judging panel found that Anglo subsidiary De Beers Consolidated Mines Deputy CEO Mpumi Zikalala and Anglo subsidiary Kumba Iron Ore Kolomela mine overseer Dineo... 

Seven Anglo employees make top 100 women in mining list
De Beers Consolidated Mines Deputy CEO Mpumi Zikalala

Investment Battlefield competition seeks next big investment opportunity

By: Simone Liedtke     5th December 2018 Investing in African Mining Indaba is set to host its third Investment Battlefield competition during its twenty-fifth edition of the event from February 4 to 6, 2019. Event organisers are looking for sub-Saharan Africa’s most promising mining companies with a market capitalisation of $50-million... 

Innovate and generate cash at same time – Dassault Systèmes Geovia  

By: Martin Creamer     5th December 2018 The objectives of innovating and generating cash are not mutually incompatible and can be achieved at multiple levels simultaneously, says Dassault Systèmes Geovia Brand CEO Raoul Jacquand, who was in Johannesburg to showcase the French company’s suite of advanced three-dimensional (3D) software.... 

Innovate and generate cash at same time – Dassault Systèmes Geovia
Dassault Systèmes Geovia Brand CEO Raoul Jacquand spoke to Mining Weekly Online’s Martin Creamer on new mining technology. Video: Christo Greyling. Photogaphs: Creamer Media Chief Photographer Dylan Slater.

Glencore assists Eskom, a minerals-energy complex, Anglo's land commitment make headlines 

5th December 2018 This week, Mining Weekly editor Martin Creamer unpacks Glencore assisting Eskom, renewable energy and Anglo’s commitment to land solutions.   

Glencore assists Eskom, a minerals-energy complex, Anglo's land commitment make headlines
Glencore assists Eskom, a minerals-energy complex, Anglo's land commitment make headlines

FIFO workers faces higher stress levels - study

By: Esmarie Iannucci     5th December 2018 New research by Curtin University has shown that one-third, or 33% of Western Australia’s fly-in, fly-out (FIFO) workforce was affected by high levels of psychological distress compared to only 17% of non-FIFO workers.   

Licence to operate in changing social, digital landscape miners’ biggest risk – EY

By: Marleny Arnoldi     4th December 2018 Licence to operate has been identified as the biggest risk to mining, a new report by professional services firm EY shows. The report, which is based on a survey of the top ten business risks facing mining and metals in 2019 and 2020, states that the stakeholder landscape is changing and miners... 

Glencore doing whatever it can to assist Eskom – Glasenberg 

By: Martin Creamer     4th December 2018 Diversified mining and marketing company Glencore is doing whatever it can to assist Eskom overcome its current coal supply issues, Glencore CEO Ivan Glasenberg has told Mining Weekly Online. “We’re looking at trucking coal and railing coal, 24 hours a day, seven days a week, to assist them on... 

Glencore doing whatever it can to assist Eskom – Glasenberg
Glencore CEO Ivan Glasenberg

Glasenberg eyes successor as Glencore readies new generation 

By: Bloomberg     4th December 2018 Ivan Glasenberg said there will be a generational shift at the top of Glencore over the next few years, suggesting a period of upheaval for the world’s largest commodity trader that’s unprecedented in its short history as a public company. Glasenberg said he’s actively looking for the next CEO... 

Glasenberg eyes successor as Glencore readies new generation
Ivan Glasenberg

Glencore's billionaire copper chief retires under legal pressure  

By: Bloomberg     3rd December 2018 Glencore on Monday announced the retirement of-billionaire Aristotelis Mistakidis, its embattled head of copper trading and one of the company’s biggest shareholders. Mistakidis’s departure marks the end of an era. The 56-year-old executive is one of the world’s most powerful commodities traders... 

Glencore's billionaire copper chief retires under legal pressure

Mining industry leadership set for changing of the guard

By: Reuters     3rd December 2018 Titans of the mining industry who have led the industry through myriad storms for decades are set to retire over the next few years, a once-in-a-generation turnover that has sparked a search for fresh talent with far different skills than current executives. Ivan Glasenberg, chief executive of... 

Kalahari Metals increases exploration licence shareholding across Kalahari copperbelt

By: Marleny Arnoldi     30th November 2018 Kalahari Metals Limited (KML) has completed the due diligence around the joint venture (JV) in Botswana with Aim-listed Metal Tiger, which will see the companies collaborate on 4 661 km2 across five exploration licences in the Kalahari copperbelt. KML will acquire up to 25% of the licences for... 

Canadian govt introduces measures to boost mining

By: Nadine James     30th November 2018 Measures included in the 2018 Fall Economic Statement (FES) will provide an “important boost for Canadian mining competitiveness”, industry organisation Mining Association of Canada (MAC) noted in a statement released last week. The mining industry is a major sector of Canada's economy,... 

Canadian govt introduces measures to boost mining
Photo by Reuters
BILL MORNEAU The Canadian finance minster proposed several measures to enhance the investment competitiveness of Canada's mining and metal manufacturing sectors

Anglo willing to play constructive land role  

By: Martin Creamer     29th November 2018 Anglo American CEO Mark Cutifani on Wednesday expressed willingness to play a constructive role in helping South Africa to arrive at solutions involving the diversification of land ownership and ensuring land productivity. Speaking to journalists at a year-end media function, Cutifani urged the... 

Anglo willing to play constructive land role
Photo by Creamer Media
Anglo American CEO Mark Cutifani

Exxaro expects higher output, coal capex for FY18

By: Creamer Media Reporter      28th November 2018 Diversified miner Exxaro Resources expects to increase its production by 3% year-on-year for the 2018 financial year. FD Riaan Koppeschaar reported in an update to shareholders on Wednesday that its thermal coal production from the Waterberg is likely to increase by 15% year-on-year, in line with... 

Platinum supply, demand expected to increase in 2019 – WPIC

By: Nadine James     28th November 2018 Global platinum demand will marginally outpace supply in 2019 – increasing by 2.4% and 1.6%, respectively – the World Platinum Investment Council (WPIC) announced in its latest Platinum Quarterly report on Wednesday. WPIC research director Trevor Raymond noted that the WPIC’s global platinum 2019... 

Platinum supply, demand expected to increase in 2019 – WPIC

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