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Diversified Miners News

Resources Watch  

27th September 2018 Mandela Mining Precinct to bolster mining sector; and Pan African’s rapid turnaround removes false notions on doing business in SA 

Ramaphosa's stimulus plan, Australia's Taskforce and Barrick's $18.3bn deal make headlines  

27th September 2018 This week, Ramaphosa moves to revitalise mining, Australia ensures its mining competitiveness and Barrick Gold buys Randgold Resources. Mining Weekly editor Martin Creamer unpacks the headlines.   

Ramaphosa's stimulus plan, Australia's Taskforce and Barrick's $18.3bn deal make headlines
Ramaphosa's stimulus plan, Australia's Taskforce and Barrick's $18.3bn deal make headlines

Vale shareholders near deal to pay Eletron $692m

By: Reuters     26th September 2018 Two major shareholders of Brazilian mining company Vale are likely to reach an agreement on Wednesday to pay 2.82-billion reais ($692-million) to Eletron to settle a dispute over Vale shares, according to securities filings by Bradespar SA and Litel Participações SA. The payment by Brazilian... 

Glencore increases share buy-back programme by $1bn

By: Simone Liedtke     25th September 2018 Global diversified miner Glencore has increased its $1-billion share buy-back programme by a further $1-billion, and also extended the duration of the programme until the close of dealings in February 2019. The implementation of the programme is in line with the company’s financial policies and... 

Taskforce outcomes to set basis of Australia’s first resources plan in 20 years

By: Nadine James     21st September 2018 Minister for Resources and Northern Australia Matt Canavan on Friday welcomed a report by the federal government’s Resources 2030 Taskforce, which he convened in March to ensure that the Australian resource sector remains globally competitive and sustainable The Minister will use the work of the... 

Taskforce outcomes to set basis of Australia’s first resources plan in 20 years
Resources and Northern Australia Minister Matt Canavan

Australian miners spearheading disruptive technology movement – Fitch

By: Nadine James     21st September 2018 Australia’s strong information communications technology and energy infrastructure, highly skilled labour force and government support ensures that its miners will continue to be the frontrunners in implementing technology to cut costs, enhance efficiency and increase mine safety, the latest... 

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Ramaphosa moves to revitalise mining, create certainty
President Cyril Ramaphosa

Versatile spin filters extend machinery, equipment life

By: Nadine James     21st September 2018 A compressor exposed to abrasive dust, such as those used in mining environments, could become increasingly inefficient and fail internal damage caused by clogged and compromised intake filters, notes RTS Africa Engineering MD Ian Fraser. Additionally, opencast mine dust frequently enters... 

Versatile spin filters extend machinery, equipment life
IAN FRASER Mining companies use spin filtration for effective dust extraction from compressors' air intake filters and for direct ventilation of variable speed drives

New products can improve safety, productivity

By: Nadine James     21st September 2018 Bidvest Commercial Products division Kelmeg Lifting Services (KLS) has expanded its service offering – aimed at improving safety and productivity, particularly with regard to working at height, and the associated lifting, rigging or lashing requirements. The new safety-focused products can assist... 

New products can improve safety, productivity
Photo by Creamer Media
RODNEY YOUNG Innovation is a pivotal focal point and Kelmeg invests considerably into research and development, every year

Focus turns to nonexplosives-based rock breaking as quest for safer, more-efficient mining intensifies

By: Dylan Slater     21st September 2018 The South African mining industry, once the backbone of economic growth, intensive job creation and development, is declining constantly, owing to the slow rates of research and development into newer, safer, modernised, mechanised and continuous mining methods. A key pillar of improving mining... 

Focus turns to nonexplosives-based rock breaking as quest for safer, more-efficient mining intensifies

BHP seeks approval for $50m US pact over fatal Brazil dam burst

By: Reuters     20th September 2018 BHP Billiton has asked a US judge to approve a $50-million settlement of claims that it fraudulently inflated its share price by overstating its ability to manage safety risks before a fatal 2015 dam burst at a Brazilian mine. The Anglo-Australian mining company's preliminary settlement of... 

Glencore to issue new bonds

By: Marleny Arnoldi     20th September 2018 Global diversified miner Glencore has placed a tap issue of nondilutive zero-coupon cash settled guaranteed convertible bonds for $125-million to be consolidated with its $500-million nondilutive bonds due 2025. The new bonds are to be issued on the same terms as the original bonds and, as of... 

Resources industry helping to keep Queenslanders employed – QRC

By: Marleny Arnoldi     20th September 2018 The Queensland Resources Council (QRC) says in the space of a year, the state’s mining industry has created an extra 10 000 jobs, which is a 17% year-on-year increase when compared with the same quarterly data of last year. QRC CE Ian Macfarlane quoted the quarterly labour force data of the... 

Rio Tinto returns $3.2bn in coal disposal proceeds to shareholders

By: Marleny Arnoldi     20th September 2018 Anglo-Australian multinational mining group Rio Tinto on Thursday unveiled how it intends to return the proceeds of its recent Australian coal disposals to its shareholders. The company will launch a $3.2-billion share buyback programme, combining an off-market buyback tender targeting up to... 

Rio Tinto returns $3.2bn in coal disposal proceeds to shareholders
Rio Tinto CEO Jean-Sébastien Jacques

Resource-rich Africa, Masama coal mine and Pan African's reconfiguration make headlines  

20th September 2018 Mining Weekly editor Martin Creamer discusses getting resource-rich Africa on the road the success, the Masama coal mine and Pan African’s reconfigured gold operations.   

Resource-rich Africa, Masama coal mine and Pan African's reconfiguration make headlines
Resource-rich Africa, Masama coal mine and Pan African's reconfiguration make headlines

CITIC completes $556m equity deal with Ivanhoe

By: Marleny Arnoldi     19th September 2018 CITIC Metal Africa Investments, which is a subsidiary of CITIC Metal, has completed a major strategic equity investment of C$723-million, or $556-million, in TSX-listed Ivanhoe Mines. The investment was initiated by CITIC Metal in June.  

CNN-flighted advert projecting huge growth for platinum-using fuel cells

By: Martin Creamer     18th September 2018 French company Air Liquide, a member of the Davos-launched Hydrogen Council that includes platinum-mining company Anglo American, is currently flighting an advertisement on the global television network CNN, which forecasts exceptional growth for the hydrogen and fuel cell market. Quoting the... 

CNN-flighted advert projecting huge growth for platinum-using fuel cells
CNN-flighted advertisement projecting fuel cell growth.

Congo expects declaration on strategic metals by end of October

By: Bloomberg     18th September 2018 The Democratic Republic of Congo expects to issue a decree identifying strategic metals by the end of October, a government official said. Congo’s government has said it’s preparing to categorize cobalt and other metals as strategic, imposing a 10% royalty tax on producers including Glencore and... 

Top miner sees US-China trade tensions limiting global growth

By: Bloomberg     18th September 2018 Rising US-China trade tensions threaten to curb consumer purchasing power, crimp productivity growth and limit global economic expansion, according to the world’s biggest mining company. The confrontation between the world’s top two economies, “along with an increasingly unpredictable policy... 

Top miner sees US-China trade tensions limiting global growth

How Anglo quietly built a commodity trader in Glencore's shadow

By: Bloomberg     17th September 2018 Anglo American has quietly become a commodities trader. In just five years, the century-old miner assembled marketing operations that now sell more metals than the company produces. Yet the trading business gets barely a mention at presentations by Anglo executives or in analyst reports, taking... 

How Anglo quietly built a commodity trader in Glencore's shadow

Gold capital, ARM’s growth and Implats’ Zim tax relief make headlines  

14th September 2018 This week Mining Weekly editor Martin Creamer discusses gold mining capital, African Rainbow Minerals’ growth opportunities and Implats working with the Zimbabwean government. 

Gold capital, ARM’s growth and Implats’ Zim tax relief make headlines
Gold capital, ARM’s growth and Implats’ Zim tax relief make headlines

Multistakeholder initiative to see the development of an agri-industrial hub in Gauteng

By: Natasha Odendaal     14th September 2018 A multistakeholder initiative will see the development of prototype large-scale agriculture and bio-energy agri-industrial hub on 30 000 ha of land across the Merafong City local municipality and Rand West local municipality, in the greater West Rand district. This follows the signing of a... 

Nanoparticle tech allows gemstone origin confirmation

14th September 2018 Gemstone mining company Gemfields has again partnered with Swiss gemologist Gübelin Gem Lab to embed nanoparticles proving origin into all Kagem emerald mine emeralds that were sold at auction in Lusaka, in Zambia in May. Gemfields is the operator and 75% owner of the Kagem mine and also holds... 

Nanoparticle tech allows gemstone origin confirmation
NANOPARTICLES TECH Nanoparticles technology developed by gemologist Gübelin Gem Lab can be used to prove the origin of coloured gems without affecting their quality

High efficiency drives versatile pump set

By: Shannon de Ryhove     14th September 2018 Pump solutions specialist Integrated Pump Rental recently completed the assembly of an electrically driven Sykes XH150 pump set, which it exhibited at this year’s Electra Mining Africa exhibition. The pump set consists of a 315 kW motor with a 400 V drive capable of a maximum head of 180 m with a... 

Pumps range displays benefits across applications

By: Shannon de Ryhove     14th September 2018 Innovative engineering has resulted in minerals industry supplier FLSmidth’s new Krebs slurryMAX split-case slurry pump gaining a strong foothold in slurry applications across Africa. The company recently exhibited the new features and safety benefits of the pump at mining and power exhibition... 

Warman pump offers cost effective solutions for heavy duty slurry applications

By: Shannon de Ryhove     14th September 2018 Pump manufacturer and supplier Weir Minerals Africa exhibited its flagship Warman MCR 450 mill circuit pump at Africa’s largest trade exhibition, Electra Mining Africa, held in September this year. Weir Minerals Africa product manager for slurry pumps Marnus Koorts explains that one of the... 

Strong new collaboration with governments of South Africa, Zimbabwe – Implats 

By: Martin Creamer     13th September 2018 Platinum mining company Impala Platinum (Implats), which is collaborating closely with the South African government to preserve jobs at the heavily lossmaking Impala Rustenburg operation, is also working in very close cooperation with the government of Zimbabwe, where it has secured major tax... 

Strong new collaboration with governments of South Africa, Zimbabwe – Implats
Implats CEO Nico Muller interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer.

Galileo to acquire Kabwe residual rights, 95% stake in Star zinc project

By: Marleny Arnoldi     13th September 2018 Aim-listed Galileo Resources has executed a heads of agreement to acquire the Kabwe residual rights, in Zambia, from BMR Group. The acquisition excludes BMR’s small-scale licence which is used as a zinc/lead/vanadium tailings recovery project, situated within the Kabwe mining licence.  

De Beers sales cycles delivering consistent value

By: Martin Creamer     11th September 2018 The global sightholder sales and auction sales of diamond company De Beers have this year continued to deliver consistent value, with the latest seventh sales cycle coming in at $505-million, a virtual carbon copy of the $507-million realised in the seventh sales cycle of last year. The steady... 

De Beers sales cycles delivering consistent value
De Beers Group CEO Bruce Cleaver

Manganese takes pole position in ARM’s earnings surge

By: Martin Creamer     10th September 2018 Manganese formed the backbone of the earnings performance of diversified mining company African Rainbow Minerals (ARM) in the 12 months to June 30, delivering 64% of the headline earnings, at R1.9-billion, and helping the company move into a strong net cash position by recording the best margin.... 

Manganese takes pole position in ARM’s earnings surge
Photo by Creamer Media Chief Photographer Dylan Slater
African Rainbow Minerals CEO Mike Schmidt

ARM mulling ‘very exciting’ growth opportunities – Motsepe

By: Martin Creamer     7th September 2018 Diversified mining company African Rainbow Minerals (ARM) is right now looking at some very exciting growth opportunities, its executive chairperson Patrice Motsepe said on Friday. After announcing the delivery of 51% higher headline earnings of R4 814-million in the 12 months to June 30... 

ARM mulling ‘very exciting’ growth opportunities – Motsepe
Photo by Creamer Media Chief Photographer Dylan Slater
African Rainbow Minerals executive chairperson Patrice Motsepe (right) with Mining Weekly Online's Martin Creamer at Friday's presentation of results

Glencore completes sale of Rosneft stake to Qatar

By: Marleny Arnoldi     7th September 2018 Global diversified miner Glencore has completed the sale of its 14.16% stake in Russian integrated energy company Rosneft to a wholly-owned subsidiary of Qatar Investment Fund (QIA) for €3.7-billion. Glencore now holds a direct equity stake in Rosneft of 0.57% and QIA holds a direct equity... 

Collins added to South32 lead team

By: Esmarie Iannucci     7th September 2018 Diversified miner South32 has appointed Simon Collins as chief development officer, accountable for exploration, portfolio strategy, business development, and acquisitions and divestments. Collins will also continue to oversee the study phase of the Hermosa base metals project, in the US. 

Collins added to South32 lead team
Simon Collins

R2.7bn approved for Gloria project – Assore

By: Martin Creamer     7th September 2018 Capital expenditure (capex) of R2.7-billion has been approved for the modernisation and optimisation of Assmang’s Gloria Manganese Mine at Black Rock in the Northern Cape, Assore CEO Charles Walters told Mining Weekly Online on Thursday. Assore owns 50% of Assmang, which it controls jointly with... 

R2.7bn approved for Gloria project – Assore
Black Rock Manganese Mine in Northern Cape.

Company progressing tungsten mine production

7th September 2018 Aim-listed, multicommodity mining and natural resources development company Premier African Minerals has announced a placement to raise £750 000 needed to supplement working capital for its RHA tungsten mine in Zimbabwe.  

Company progressing  tungsten mine production
UNDER WAY Premier African Minerals' Zulu lithium and tantalum project is nearing the completion of the due diligence period

Mining waste set to grow, but ‘reduce, reuse, recycle’ solutions abound

By: Tracy Hancock     7th September 2018 The evolution of waste management techniques to accommodate the shift to low-grade ores by mining operations is one of the key emerging trends in the global mining waste management market, states UK market research company Technavio. The London-headquartered company explains that in the last... 

Mining waste set to grow, but ‘reduce, reuse, recycle’ solutions abound

Accelerate processes to ensure timeous recovery of mining sector – govt urged

By: Nadine James     7th September 2018 Integrated infrastructure delivery company AECOM is well-poised to make inroads into the mining industry, says AECOM Africa strategy and growth director Fadzai Nyamasve. She tells Mining Weekly that  although there  is still uncertainty in the market regarding the Mining Charter, AECOM expects... 

Accelerate processes to ensure timeous  recovery of mining sector – govt urged
FADZAI NYAMASVE Regulatory uncertainty is being addressed and there is a deliberate campaign to attract investors, so the pressing challenge is ensuring the industry recovers in a timeous manner

Manganese star performer, more stability in iron-ore price – Assore

By: Martin Creamer     6th September 2018 Manganese was the star performer for diversified mining company Assore in the 12 months to June 30, when the Johannesburg Stock Exchange-listed record-performer experienced greater stability in iron-ore pricing but also chrome price volatility caused by global tariff uncertainty. In reporting... 

Manganese star performer, more stability in iron-ore price – Assore
Photo by Creamer Media
Assore CEO Charles Walters

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