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Diversified Miners News

Resources Watch  

6th September 2018 Global mining showing interest in Master Drilling’s new technology; And, Sibanye expects Lonmin competition finality October 

Assore posts record sales, output, earnings, dividend

By: Martin Creamer     6th September 2018 Diversified mining company Assore on Thursday posted record-upon-record in what has been an outstanding 12 months for the JSE-listed chrome ore, manganese ore and iron-ore producer that also bettered its lost time injury frequency rate in the period but sadly suffered a fatality. The 12 months to... 

Assore posts record sales, output, earnings, dividend
Assore CEO Charles Walters

IronRidge strengthens management team as it transitions from explorer to developer

By: Simone Liedtke     3rd September 2018 Aim-listed IronRidge Resources continues to strengthen its management team as it transitions from explorer to developer, through securing key executives and senior managers for the next phase of the company’s project and corporate development. On Monday, CEO Vincent Mascolo committed to a further... 

Vedanta Resources chairman to take miner private on Oct 1

By: Reuters     3rd September 2018 Vedanta Resources chairperson Anil Agarwal will take the London-listed miner private on October 1, after the holders of 26% of shares agreed to sell to his family trust Volcan Investments. Volcan now holds or has received acceptances for 92.31% of Vedanta's shares, it said. 

Vedanta Resources chairman to take miner private on Oct 1
Vedanta Resources chairperson Anil Agarwal

Mining could attract additional R122bn investment over next four years, if policy improves – MCSA

By: Nadine James     31st August 2018 The mining sector could attract an additional R122-billion worth of investment if the policy perception and environment improved to the top quarter of the Fraser Institute’s Policy Perception Index, rather than its current position in the lower quartile, Minerals Council South Africa (MCSA)... 

Mining could attract additional R122bn investment over next four years, if policy improves – MCSA
Photo by Creamer Media
Tebello Chabana

Lack of regulatory guidance stymies Climate Change Bill preparations

By: Nadine James     31st August 2018 While industry and environmental practitioners have welcomed the first draft of the Climate Change Bill, there is mounting impatience at the absence of the regulatory detail that organisations need to guide their preparations to comply, mining and environmental consultants SRK Consulting noted in... 

Lack of regulatory guidance stymies  Climate Change Bill preparations
ASHLEIGH MARITZ & ESTIE RETIEF Large carbon emitters face immense technical and financial challenges in repurposing their operations to meet new carbon emission requirements – a process that is hindered by a lack of regulatory clarity

Lead and zinc in supply deficit

By: Nadine James     31st August 2018 The International Lead and Zinc Study Group (ILZSG) released preliminary data for world lead and zinc supply and demand for the first half of 2018, last week, noting that refined lead demand exceeded available supply, and that there was a deficit in refined zinc supply of about 17 000 t. The... 

Lead and zinc in supply deficit
SUPPLY DWINDLES the global market for refined zinc metal in deficit by 17 000 t in the first six months of 2018 despite total reported inventories increasing by 77 000 t over the same period

African Battery Metals shifts focus to nickel/cobalt, relinquishes Sierra Leone projects

By: Marleny Arnoldi     30th August 2018 Aim-listed African Battery Metals (ABM) has decided to relinquish its interests in gold and iron-ore projects in Sierra Leone to focus on its newly acquired nickel and cobalt projects in Cameroon and Côte d’Ivoire. The company believes there are attractive long-term market fundamentals for... 

Safety and technology at the forefront this week  

29th August 2018 This week Master Drilling to launch new technology, Southern Palace is accelerating mining technology development in South Africa and, Sibanye-Stillwater commits to take safety to the next level. Mining Weekly editor Martin Creamer unpacks the headlines.   

Safety and technology at the forefront this week
Safety and technology at the forefront this week

Independence posts strong FY results

By: Esmarie Iannucci     29th August 2018 Diversified miner Independence Group has reported record revenue and underlying earnings before interest, tax, depreciation and amortisation (Ebitda) for the 2018 financial year, as the Nova nickel operation delivered its first full year of production. Revenue for the year increased from... 

Independence posts strong FY results

Mantashe to speak at Africa Down Under

By: Marleny Arnoldi     28th August 2018 Mineral Resources Minister Gwede Mantashe will lead a South African government delegation to the yearly Africa Down Under exhibition, which is being held in Perth, Australia, from August 29 to 31. Mantashe will also address delegates at the event and host the South African Mining Investment... 

Moreton to re-evaluate its priorities

By: Esmarie Iannucci     27th August 2018 ASX-listed diversified junior Moreton Resources has launched a strategic review of its assets and subsidiaries, in order to determine its core and noncore assets. Moreton told shareholders on Monday that the review would allow the potential for the business to streamline its asset ownership and... 

Moreton to re-evaluate its priorities

Southern Palace accelerating mining technology development in South Africa

By: Marleny Arnoldi     24th August 2018 Southern Palace Group of Companies has, through its subsidiary Genrec Engineering, put ambitious plans in motion to position South Africa as a leading hub for mining solutions research and development, as well as manufacturing. Genrec’s factory, in Wadeville, is undergoing significant upgrades... 

Southern Palace accelerating mining technology development in South Africa
Photo by Creamer Media
CMTI Holdings founder Dr Danie Burger

Teck idles lead smelting due to BC wildfires

By: Reuters     24th August 2018 Canadian diversified miner Teck Resources said on Thursday that lead smelting at its Trail, British Columbia facility was suspended for a fourth day due to wildfires in the province. Teck temporarily shut down lead smelting on Sunday because the flash smelting technology requires high-purity... 

Ageing platinum mines need new technology

By: Donald Makhafola     24th August 2018 There are few greenfield platinum mines or expansions in Africa, with most of the existing large-scale mines on the continent having been in operation for more than a decade. To ensure that the ageing mines continue to perform optimally, miners need to apply new technology to effectively enhance... 

Ageing platinum mines need new technology
CUSTOM-DESIGN Kwatani provides clients with enhanced equipment designed to fit into their existing infrastructure without being modified

Platinum producer optimistic about Limpopo project

By: Donald Makhafola     24th August 2018 Platinum producer Ivanplats, a subsidiary of Canadian mining company Ivanhoe Mines, is focusing on bringing its Tier 1 Platreef project, in Limpopo, into production in 2022, says Ivanplats VP and executive head of projects Gerick Mouton. The mine will produce platinum, palladium, rhodium, nickel,... 

Platinum producer optimistic about Limpopo project
PHASED PROGRESSION Ivanplats' primary objective is to reach steady-state production of four-million tons a year in Phase 1 of the Platreef project

Vale remains committed to Moz, despite continued losses at Moatize

By: Rebecca Campbell     24th August 2018 Despite continuing to make a loss, coal-miner Vale Moçambique will continue to make major investments in its assets in Mozambique. This assurance was given at a mid-month press conference in Maputo by the company’s Board Chairman Márcio Godoy. These assets are the Moatize coal mine in Tete... 

SRK models sustainable solutions for brine from tailings

By: Nadine James     24th August 2018 SRK Consulting’s Cape Town office, in conjunction with SRK Consulting’s Vancouver office, has conducted preliminary groundwater modelling to assist a South American mining client in finding an environmentally sustainable solution for tailings-based brine management. SRK principal hydrogeologist... 

SRK models sustainable solutions for brine from tailings
GROUNDWATER MODELLING The groundwater modelling evaluated the likely pressure increases and brine plume migration associated with deep aquifer injection

Miners establish industry body to engage DRC govt on mining code, industry issues

By: Marleny Arnoldi     23rd August 2018 Mining companies active in the Democratic Republic of Congo (DRC) have established a new industry body, the Mining Promotion Initiative (MPI), to engage with government on industry concerns about the country’s new mining code and any other material issue concerning the mining industry in the DRC.... 

South African watchdog approves Glencore's bid for Chevron assets

By: Reuters     23rd August 2018 South African competition watchdog has given Glencore's bid worth roughly $900-million for Chevron's local and Botswana assets the green light, it said on Thursday. But the Competition Commission placed a number of conditions on its approval, including the preservation of jobs after the deal and... 

South32 presses pause button on further acquisitions

By: Esmarie Iannucci     23rd August 2018 Diversified miner South32 is likely to press pause on further merger and acquisition (M&A) opportunities, to focus on its own suite of assets, CEO Graham Kerr said on Thursday. Speaking to analysts following the release of the company’s financial results, Kerr noted that following the completion... 

South32 presses pause button on further acquisitions
South32 CEO Graham Kerr

Strong vanadium prices boost Bushveld’s H1 Ebitda; production guidance lowered

By: Marleny Arnoldi     22nd August 2018 Aim-listed Bushveld Minerals’ earnings before interest, taxes, depreciation and amortisation (Ebitda) for the six months to June 30 increased by 439% year-on-year to R521-million. Sales revenue increased by 139% to R1-billion, compared with R439-million in the first half of 2017, primarily... 

DoL welcomes high turnout by former mineworkers seeking unclaimed benefits in Northern Cape

By: Marleny Arnoldi     22nd August 2018 The Department of Labour (DoL) on Wednesday expressed its appreciation for the overwhelming turnout of former mineworkers in the John Taolo Gaetswewe (JTG) district, in the Northern Cape, who heeded the call to make applications for unclaimed benefits. The campaign has witnessed a turnout of 3... 

Two new nonexecs join AngloGold board

By: Anine Kilian     22nd August 2018 Alan Ferguson and Jochen Tilk have been appointed independent nonexecutive directors at Anglogold Ashanti, effective October 1 and January 1, 2019, respectively. Ferguson is a chartered accounted and a former CFO of a number of FTSE-listed entities, including Lonmin. Since 2011, he has also... 

Seriti’s Teke awarded Brigadier Stokes Memorial Award

By: Marleny Arnoldi     21st August 2018 The Southern African Institute of Mining and Metallurgy has awarded coal producer Seriti Resources CEO Mike Teke with a Brigadier Stokes Memorial Award for his contribution to the mining industry and his leadership role in society. The platinum medal presented to Teke last week by Seriti’s... 

US will lose from trade war as flows shift, top miner says

By: Bloomberg     21st August 2018 The US risks losing out from its curbs on trade as rival nations including China will seek to do more business with each other, BHP Billiton CEO Andrew Mackenzie warned as the head of the world’s largest miner stepped up his criticism of rising protectionism. “There’s a lot of countries in the... 

US will lose from trade war as flows shift, top miner says

Rio digging deeper at Diavik

By: Esmarie Iannucci     21st August 2018 Diversified miner Rio Tinto has opened the fourth diamond pipe at its Diavik diamond mine, in Canada’s Northwest Territories. The A21 openpit pipe will provide an important source of incremental supply over the next four years to sustain production levels at the mine, Rio said on Tuesday. 

BHP’s underlying profit jumps 33%, pays record dividend

By: Esmarie Iannucci     21st August 2018 Diversified miner BHP has reported a 33% increase in underlying attributable profit for the financial year ended June, as well as a 10% increasing in operating cash flows. Underlying attributable profit, which excludes one-time gains and losses, was reported at $8.9-billion for the 2018... 

BHP’s underlying profit jumps 33%, pays record dividend
BHP CEO Andrew Mackenzie

PEA results show La Fortuna as ‘robust base’ for production growth

By: Nadine James     17th August 2018 TSX-listed Minera Alamos on Thursday announced positive preliminary economic assessment (PEA) results for the La Fortuna gold project, in Durango, Mexico. The PEA estimates average contained metal production of around 43 000 oz/y of gold, 220 000 oz/y of silver and 1 000 t/y of copper over a... 

Commodity price increases lack conviction – IHS

By: Nadine James     17th August 2018 Commodity analysts IHS Markit on Thursday reported that the Materials Price Index (MPI) had risen by 0.5% in the last week, but that the index’s ten subcomponents were evenly split between those showing increases and those showing declines, highlighting the uncertainty in markets. The MPI... 

Cable bolt technology to improve safety

17th August 2018 Mining equipment and services provider Sandvik Mining and Rock Technology continues to set the pace in underground mining with the launch of its rock-reinforcement cable bolter with automated one-hole drilling designed to improve safety and productivity. The Sandvik DS221L will significantly... 

Digitisation brings innovation opportunities

17th August 2018 Digital transformation brings opportunities for innovation and doing business in new and exciting ways – elements that are critical to business success in a volatile economic market, says global communications provider BT Global Services major deals lead and mining, oil and gas head Stephen du... 

Digitisation brings innovation opportunities
STEPHEN DU PREEZ More mining companies need to view all technologies as enablers for their business

New smartphone suitable for mining environments

By: Jessica Oosthuizen     17th August 2018 Global mining and construction equipment manufacturer Caterpillar and mobile phone and consumer electronics company Bullitt Group have released the new Cat S61 smartphone – that can withstand harsh elements and tough terrains, such as those in the mining environment. The phone was launched in... 

New smartphone suitable for mining environments
Photo by Jessica Oosthuizen
CAT S61 The new smartphone from Caterpillar and Bullitt is durable, reliable and dust-proof with outstanding rugged credentials

Software platform boosts operator performance

By: Erin Steenhoff-Snethlage     17th August 2018 Durban-based global supplier of surface and underground mining simulators ThoroughTec Simulation developed the CYBERMINE WX platform that monitors operator performance and provides targeted training to improve efficiencies. The CYBERMINE WX platform is being tested at local mines where the... 

Software platform boosts operator performance
IMPROVING PERFORMANCE CYBERMINE WX targets operator performance and unsafe practices to improve safety and efficiency in mines

New-gen scanning technology released, interest from SA companies

By: Jessica Oosthuizen     17th August 2018 Global corporate engineering and consulting group DMT has released the new-generation Slim Borehole Scanner (SBS) technology for imaging extra-slim drill holes with a diameter of 23 mm, with keen interest from local mining companies, says DMT director Sodhie Naicker. One of the SBS’s primary... 

New-gen scanning  technology released,  interest from SA companies
SLIM BOREHOLE SCANNER The self-sufficient wireless tool is lightweight and easy to mobilise and use

Miner looks to meet Southern Africa’s zinc deficit

By: Erin Steenhoff-Snethlage     17th August 2018 While the zinc industry is poised to have a structural deficit until 2022, diversified miner Vedanta Resources' Vedanta Zinc International (VZI) is well positioned to meet the needs of South African zinc users, says VZI and Vedanta Resources Africa Base Metals CEO Deshnee Naidoo. “The feasibility... 

Miner looks to meet Southern Africa’s zinc deficit
Photo by Creamer Media
COMMITTED TO AFRICA Vedanta Resources has invested significant capital in Africa

Zambia’s refined copper outlook positive

17th August 2018 Zambia will remain one of the fastest growing refined copper producers in the world over the coming years, owing to strong domestic smelting capacity, rising mine output and continuing government support, according to economic research company BMI Research, a member of the Fitch Group. As the... 

Zambia’s refined copper outlook positive
Photo by Bloomberg
COPPER REFINING Refined copper production will gradually contribute more than raw materials to Zambia’s economy

Wits to host earthmoving, maintenance courses

By: Nadine James     17th August 2018 The University of Witwatersrand (Wits) Centre for Mechanised Mining Systems – part of the Wits Mining Institute (WMI) – will present three-day courses in mechanised earthmoving and in maintenance management in November.  WMI director professor Fred Cawood is delighted to introduce the first two... 

Wits to host earthmoving, maintenance courses
Photo by Creamer Media
FRED CAWOOD These courses are aimed at engineers and technicians, and will be followed up by a best practice workshop on South African mechanised mining lessons in 2019

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