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Diversified Miners News

Virtual reality blast wall, cube providing ‘memorable’ training

By: Nadine James     15th June 2018 Virtual reality (VR) solutions provider Simulated Training Solution’s (STS’s) world-first VR blast wall and its VR cube have resulted in efficient, effective and memorable training programmes for Anglo American Platinum’s Engineering Services Training Centre (ESTC) in Randfontein, and Murray and... 

Bushveld settles £5m debt with Atlas Special Opportunities

By: Marleny Arnoldi     14th June 2018 Aim-listed diversified miner Bushveld Minerals has redeemed the outstanding unsecured convertible bonds that were issued to Atlas Special Opportunities in September 2017.  

Bushveld settles £5m debt with Atlas Special Opportunities
Photo by Creamer Media
Bushveld Minerals CEO Fortune Mojapelo

Glencore Coal provides free WiFi to two host communities

By: Nadine James     14th June 2018 Thermal coal miner Glencore Coal South Africa (SA) has launched a free WiFi initiative, which will allow members of two of the company’s host communities, Phola and Ogies, to access 500 MB/d per person for educational, economic and leisure purposes. The initiative currently comprises six... 

Congo's miners face harsh new reality as mining law finalised

By: Bloomberg     13th June 2018 The options for mining companies battling new legislation in the Democratic Republic of Congo -- Africa’s biggest copper producer and the source of two-thirds of the world’s cobalt -- have just about run out. After six months of lobbying, companies including Glencore and Randgold Resources have... 

Brazil pension fund Funcef still considering sale of Vale stake

By: Reuters     12th June 2018 Brazilian pension fund Funcef is still considering whether to sell its stake in mining company Vale SA but sees no immediate urgency to do so, its director Paulo Werneck said on Tuesday, as funds try to avoid putting pressure on Vale shares. Speaking to journalists on the sidelines of a... 

Rio appoints replacement for Lynch

By: Esmarie Swanepoel     12th June 2018 Mining major Rio Tinto has appointed Jakob Stausholm as CFO, succeeding Chris Lynch who will stand down from the board on September 3, and who will retire from Rio on September 30. Stausholm recently stepped down as group CFO of AP Moller-Maersk, and will join Rio as an executive director on... 

BHP, union at Chile's Spence copper mine reach labour agreement

By: Reuters     12th June 2018 Unionised workers at BHP's Spence copper mine in northern Chile agreed on Monday to a new collective labor contract, the company and the union said. The deal comes as the Anglo-Australian miner begins talks with the nearly 2 500-member union at its Escondida copper mine in northern Chile, the... 

Ivanhoe’s Southern African projects to benefit from CITIC’s acquisition of 19.9% stake

By: Marleny Arnoldi     11th June 2018 Diversified miner Ivanhoe Mines and China State-owned investment company CITIC’s subsidiary CITIC Metal have signed a long-term strategic cooperation and investment agreement, whereby CITIC Metal acquires a 19.9% stake in Ivanhoe.  

Ivanhoe’s Southern African projects to benefit from CITIC’s acquisition of 19.9% stake
CITIC Metal signs investment, cooperation agreement with Ivanhoe Mines

Beneficiation opportunities in zinc, fuel cells – Oliphant

By: Martin Creamer     11th June 2018 Deputy Minerals Minister Godfrey Oliphant is engaging with companies on local value-addition opportunities in zinc and platinum-catalysed fuel cells, and would like mining companies to make these and other locally mined commodities available at developmental prices to facilitate... 

Beneficiation opportunities in zinc, fuel cells – Oliphant
Photo by Wynand van der Merwe
Deputy Mineral Resources Minister Godfrey Oliphant (right) with Mining Weekly Online's Martin Creamer

Mustang Minerals changes name to Grid Metals

By: Nadine James     8th June 2018 Mustang Minerals has changed its name to Grid Metals. Grid will begin trading on the TSX-V under the symbol GRDM effective June 8. 

Glencore faces new legal challenge against Congo cobalt mine  

By: Bloomberg     8th June 2018 For Glencore in the Democratic Republic of Congo, problems don’t form an orderly queue: they pile up on top of each other. In the latest example of the commodity giant’s deteriorating relationships in the country, a convicted fraudster has resurrected a legal claim the company considered dead,... 

Glencore faces new legal challenge against Congo cobalt mine

Unpacking the Junior Indaba 

8th June 2018 The Junior Indaba kicked off in Johannesburg this week. Mining weekly Editor Martin Creamer attended and unpacks the event’s headlines. 

Unpacking the Junior Indaba
Unpacking the Junior Indaba

MMEC conference outlook indicative of state of mining industry

By: Melissa Zisengwe     8th June 2018 The increase in international participation at the sixth edition of the Mozambique Mining, Energy and Natural Gas Conference (MMEC) reflected the state of the Mozambique mining industry, which is an emerging market, says event organiser AME Trade. The conference was held in Maputo on April 25 and... 

MMEC conference  outlook indicative of  state of mining industry
SIXTH EDITION The Mozambique Mining, Energy and Natural Gas Conference was held in Maputo on April 25 and 26

Lithium price may soften this year on ‘slight oversupply’ but EVs driving future optimism

By: Henry Lazenby     8th June 2018 The lithium price might be in for a rough ride this year, as a supply response might overshoot what the market actually needs, London-based pricing intelligence firm Metal Bulletin’s head of research William Adams tells Mining Weekly in an interview. “We see a slight lithium surplus coming this... 

Lithium price may soften this year on ‘slight oversupply’ but EVs driving future optimism

Mustang Resources finds more high-grade vanadium at Moz project

8th June 2018 Emerging multicommodity miner Mustang Resources’ latest assay results for the Caula vanadium/graphite project in northern Mozambique continue to underpin a strong economic outlook for the project, with the miner noting that a maiden vanadium resource is due soon. Mustang Resources announced last... 

Mustang Resources finds more high-grade vanadium at Moz project
HIGH-GRADE VANADIUM The latest assays indicate grades of up to 1.02% vanadium pentoxide and 24.2% total graphitic carbon

Resources, oil & gas sectors drive Australian GDP growth in Q1

By: Esmarie Swanepoel     7th June 2018 The resources and oil and gas sectors have continued to drive the Australian economy during the March quarter, with the Australian Bureau of Statistics (ABS) revealing that the sectors were the main drivers to a 1% increase in Australia’s gross domestic product (GDP) during the period. The... 

Resources, oil & gas sectors drive Australian GDP growth in Q1

Mandela Mining Precinct partner boasts simulation capabilities, serves as ‘test-bed’ for Mining 4.0 technologies 

By: Nadine James     7th June 2018 SiMINE @ Mandela Mining Precinct, located at Carlow Road in Johannesburg, effectively offers two core services – experiential mining simulation as well as a “test bed” for Mining 4.0 principles and systems – for the betterment of the industry, says SiMINE director Gary Lane. He explains that... 

Mandela Mining Precinct partner boasts simulation capabilities, serves as ‘test-bed’ for Mining 4.0 technologies
Gary Lane, Harry Sinko and Antony Mello discuss SiMINE's official launch.

BHP is said to get shale bids valuing unit at up to $9bn

By: Bloomberg     6th June 2018 BHP Billiton has received first-round bids for its US shale portfolio from oil majors including BP and Chevron, valuing the unit at $7-billion to $9-billion, people familiar with the matter said. Royal Dutch Shell, partnering with private equity firm Blackstone Group, also submitted a bid for the... 

BHP is said to get shale bids valuing unit at up to $9bn

South Africa’s commodity sector continues to suffer, despite favourable market conditions

By: Simone Liedtke     5th June 2018 While favourable market conditions, higher commodity prices and strong internal discipline will produce increased liquidity and balance sheet strength for miners this year, advisory firm PwC Africa energy, utilities and resources leader Michal Kotzé believes South Africa’s commodity sector will... 

Premier African secures $300 000 loan

By: Marleny Arnoldi     5th June 2018 Aim-listed Premier African Minerals (Pam) has entered into a loan agreement with a company, owned by a trust of which its CEO George Roach is a beneficiary, for a gross value of $300 000. The loan will provide additional general working capital, while the company looks to bring finality to the... 

South32 turns its eye to Mexico

By: Esmarie Swanepoel     5th June 2018 Diversified miner South32 has signed an agreement with Canada’s Silver Bull Resources that could result in a $100-million investment in a Mexican zinc project. The TSX-listed Silver Bull has granted South32 the option to form a 70/30 joint venture (JV) over the Sierra Mojada project. The... 

Top global miners’ profits to rise to $76bn in 2018

By: Esmarie Swanepoel     5th June 2018 New data from advisory firm PwC has found that that the top global mining companies were reaching near boom profits, with net profits up 126% in the last year. Net profits for the top 40 mines reached $61-billion in 2017, and is forecast to climb further to $76-billion in 2018. 

Top global miners’ profits to rise to $76bn in 2018

BHP Escondida mine workers in Chile start new wage talks

By: Reuters     2nd June 2018 The union of workers at BHP's Escondida copper mine in Chile said on Friday it had kicked off the latest round of labor negotiations with a contract proposal that includes a bonus of about $34,000 per worker at the world's largest copper mine. The closely-watched talks come little more than one... 

Tawana shareholders to vote on proposed demerger of noncore assets in July

By: Simone Liedtke     1st June 2018 Shareholders of ASX- and JSE-listed Tawana Resources will vote on the proposed demerger of the company’s noncore assets on July 6. The proposed demerger, first announced in March, will involve a capital reduction and distribution which will be satisfied by an in-specie distribution of 85% of the... 

Stibnite ore dryer project finalised

By: Paige Müller     1st June 2018 South Africa-based furnace and kiln manufacturer Thermopower Furnaces SA plans to complete the final commission of a recently completed 15 t/h stibnite concentrate ore dryer installation within the first half of this year. The furnace installation was performed for a global engineering,... 

Stibnite ore dryer project finalised
REQUIRED PROJECT The stibnite ore dryer project is for a global engineering, procurement and construction management company working on a minerals processing project in the Middle East

Company equipped to capitalise on strengthening market

By: Tasneem Bulbulia     1st June 2018 With the materials, bulk handling and logistics market “largely improved” over the past two years, drive engineering specialist SEW-EURODRIVE South Africa is capitalising on the opportunities this provides, building on its entrenched role and successes, SEW branch manager Jonathan McKey tells... 

Custom-designed chutes required for bulk materials handling

By: Tasneem Bulbulia     1st June 2018 Transfer chute systems form an integral part of bulk materials handling applications, and it is important that they meet the specific requirements of individual mining houses, says Germiston-based material transfer solutions provider Weba Chute Systems technical director Alwin Nienaber. Bulk... 

Custom-designed chutes required for bulk materials handling
TRANSFER WINDOW The Weba Chute System is a custom engineered transfer point solution designed to address the numerous issues plants face with material movement

Lift truck company’s Pietermaritzburg branch up and running

1st June 2018 Material handling solutions provider Goscor Lift Truck Company’s (GLTC’s) recently expanded Pietermaritzburg facility symbolises the most important tenet of its philosophy –to ensure that the company does whatever it takes to ensure the best possible service for its clients. This division falls... 

‘Law does not adequately protect pregnant women working in risk environments’

By: Nadine James     1st June 2018 The legislature should amend the Unemployment Insurance Act (UIA) to protect pregnant employees working in risk environments, says Cliffe Dekker Hofmyer employment practice director Fiona Leppan. She says South African legislation does not provide adequate protection for pregnant women working in... 

‘Law does not adequately protect pregnant women  working in risk environments’
FIONA LEPPAN If the Unemployment Insurance Act were to be amended, it should address situations where pregnant women would be prejudiced because of the work environment – not because they are pregnant

Sentiment dampens as Charter, MPRDA deadline commitments are postponed

By: Nadine James     1st June 2018 The positive sentiment stemming from the appointment of President Cyril Ramaphosa, and the subsequent appointment of Mineral Resources Minister Gwede Mantashe has dampened recently as Mantashe pushed out the finalisation of the Mining Charter and lodged an application for leave to appeal against... 

Sentiment dampens as Charter, MPRDA deadline  commitments are postponed
WARREN BEECH Hogan Lovells’ Mining head believes Minerals Resources Minster Mantashe’s credibility has been adversely impacted by some of his recent comments

Canada to impose tariffs on US, challenge at WTO

By: Reuters     31st May 2018 Canada will impose retaliatory tariffs on C$16.6-billion worth of US exports and challenge US steel and aluminum tariffs under the North American Free Trade Agreement and the World Trade Organisation (WTO), Canadian Foreign Minister Chrystia Freeland said on Thursday. The Canadian tariffs are... 

Oil & gas, mining industries anxious about top brass succession planning

By: Henry Lazenby     31st May 2018 There is real anxiety in the oil and gas and mining industries regarding the lack of aptitude to replace an ageing top-level management talent pool, Stephen Diotte, partner and head of leadership services for Odgers Berndtson tells Mining Weekly Online. He recently joined the executive search... 

Oil & gas, mining industries anxious about top brass succession planning

Miners expect to weather one-day Canadian Pacific rail worker strike

By: Henry Lazenby     31st May 2018 A one-day strike by Canadian Pacific (CP) Railway engineers and conductors is not expected to have a lasting impact on Canada’s mining operations, the Mining Association of Canada (MAC) said on Wednesday. Members of Teamsters Canada Rail Conference (TCRC) downed tools on Tuesday night following... 

Miners expect to weather one-day Canadian Pacific rail worker strike

S&P’s raises Glencore’s long-term issuer credit rating to BBB+

By: Marleny Arnoldi     30th May 2018 Ratings agency Standard & Poor’s (S&P’s) has raised its long-term issuer credit rating on global diversified miner Glencore and its related entities to ‘BBB+’ from ‘BBB’, with a stable outlook.  

S&P’s raises Glencore’s long-term issuer credit rating to BBB+

Namibia Rare Earths changes name to reflect broader commodity base

By: Anine Kilian     30th May 2018 TSX­-V-listed Namibia Rare Earths has changed its name to Namibia Critical Metals. “The company changed its name to more accurately reflect the recently expanded commodity base from solely rare earths to include a variety of highly critical commodities, including cobalt, copper, vanadium, zinc,... 

Miners warn Congo it faces $3bn revenue loss over law

By: Bloomberg     30th May 2018 Mining companies in the Democratic Republic of Congo told the government it will lose more than $3-billion over a decade and face legal action if plans to implement a new industry code proceed. Miners including Glencore and Randgold Resources are demanding the government abandon aspects of the... 

Ivanhoe installs new crusher at Kipushi mine

By: Anine Kilian     30th May 2018 Canadian exploration and development company Ivanhoe Mines has installed a large-capacity rock crusher 1 150 m below surface at its upgraded Kipushi zinc/copper/silver/germanium mine, in the Democratic Republic of Congo (DRC). The crusher has a maximum capacity of 1 085 t/h. After the 54 t... 

Ivanhoe installs new crusher at Kipushi mine
Photo by Creamer Media
Ivanhoe chairperson Robert Friedland

Japan’s Sojitz to buy BHP-Mitsubishi mine for A$100m

By: Esmarie Swanepoel     30th May 2018 BHP Mitsubishi (BMA) has announced the sale of the Gregory Crinum coking coal mine, in Queensland, to Japan’s Sojitz Corporation for A$100-million. The six-million-tonne-a-year mine was placed under care and maintenance in January 2016. 

Japan’s Sojitz to buy BHP-Mitsubishi mine for A$100m

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