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Diversified Miners News

Rio Tinto concerned about trade war, but suffered no impact so far – CEO

By: Reuters     1st August 2018 Global miner Rio Tinto is concerned about an escalating trade war between the United States and China but has yet to feel any impact from it, CEO Jean-Sébastien Jacques said on Wednesday. "To date it has had limited to no impact on Rio Tinto," Jacques told reporters. Rio has had no issues with... 

Glencore copper, zinc ramp-ups paying off in production numbers

By: Marleny Arnoldi     31st July 2018 The ramp up of diversified miner Glencore’s Katanga mine, in the Democratic Republic of Congo (DRC), has delivered increased copper and cobalt for the first half of this year, in line with full-year guidance, which is 1.4-million tonnes of copper and 39 000 t of cobalt. Financial services... 

Glencore copper, zinc ramp-ups paying off in production numbers
Glencore's Koniambo mine in New Caledonia

Union official at Chile's Escondida mine predicts 'overwhelming' vote against BHP offer

By: Reuters     30th July 2018 The union at BHP's Escondida mine in Chile, the world's largest copper mine, is expected to overwhelmingly reject the final contract offer from the Anglo-Australian miner, increasing the likelihood of a strike, a union leader told Reuters on Monday. Union members have until Wednesday to finish... 

Agarwal given more time to make firm offer for Vedanta Resources

By: Reuters     30th July 2018 Billionaire Anil Agarwal has been given more time to make a firm offer or walk away from a deal to buy out minority shareholders in Vedanta Resources for £778-million, the London-listed miner said on Monday. Agarwal's vehicle Volcan Investments had faced a deadline of 17:00 London time to... 

Anglo draws line in sand for thermal coal

By: Martin Creamer     27th July 2018 Anglo American has drawn a line in the sand for its thermal coal portfolio. With 14 more years of life in existing assets, the company made it clear this week that it would engage in incremental expansion where it made sense, but not in long-term growth projects. Anglo has halved its footprint in... 

Anglo draws line in sand for thermal coal
Photo by Creamer Media
Anglo CE Mark Cutifani

Teck’s $1.2bn sale of Waneta dam interest closes

By: Marleny Arnoldi     27th July 2018 TSX- and NYSE-listed diversified miner Teck Resources on Friday announced the closing of the sale of its two-thirds interest in the Waneta dam, in British Columbia, to BC Hydro for $1.2-billion. The transaction has received the necessary regulatory approvals and consents, including approval by... 

Yamana reports solid Q2 gold, silver, copper production

By: Marleny Arnoldi     27th July 2018 Canadian gold miner Yamana Gold produced 248 177 gold-equivalent ounces (GEOs), 1.31-million ounces of silver and 31.1-million pounds of copper in the second quarter of this year. Higher-than-expected output at its Chapada, Canadian Malartic, Jacobina and El Peñón operations, together with the... 

Will BHP's CEO follow top miner's shale unit out of the door?

By: Bloomberg     27th July 2018 BHP Billiton’s $10.8-billion of deals to exit its troubled US shale unit will allow CEO Andrew Mackenzie to shower investors with returns. It may also be a chance for him to bow out on top. Mackenzie, 61, who’s held his post since 2013, has delivered on plans to simplify BHP around a tighter... 

Will BHP's CEO follow top miner's shale unit out of the door?
Andrew Mackenzie

SA needs passive fire protection

By: Donald Makhafola     27th July 2018 Safety in mining is a high priority in South Africa, and the country needs to adopt stricter regulations regarding passive fire protection systems, says global technologies company Hilti South Africa mining, business development manager Hector Cerdio. More awareness should also be created... 

SA needs passive fire protection
FIRESTOP BARRIER Hilti South Africa was awarded new contracts this year to provide passive fire protection solutions, including the firestop, for several South African mining majors

Asset flexibility strategy to deliver value

27th July 2018 Metal and mining corporation Rio Tinto’s Iron Ore business aims to continue to deliver superior value for its shareholders by developing greater flexibility across its system of mines, rails and ports in Western Australia so that it is capable of dynamically responding to changes in market and... 

Asset flexibility strategy to deliver value
OPENING UP THE BOTTLENECK Rio Tinto plans to ensure its rail infrastructure is able to handle mine capacity by the end of next year

Company meets stringent fire and explosives safety requirements

By: Donald Makhafola     27th July 2018 The increasing demand for strict fire and explosion protection in the hazardous areas of mining has led specialist manufacturer and designer of flameproof diesel engine systems Elgin Flameproofing to introduce the new Elgin 112TR tow tractor model for underground coal mining applications. The... 

Company meets stringent fire and explosives  safety requirements
MODIFIED The newly modified Elgin 112TR flameproofed tractor was officially launched in May

Proactive measures needed to mitigate fire incidents in mining

By: Donald Makhafola     27th July 2018 Fire incidents in mining operations occur every day because of poor maintenance and components that have reached the end of their life span, says environmental solutions company I-CAT fire division head Andro Gibhard. However, he says vehicles catching fire – the most common fire incident in... 

Proactive measures  needed to mitigate fire  incidents in mining
FIRE PREVENTION Mining companies can put preventative measures in place, such as a good maintenance regime, to prevent fire damage

Giyani Metals and SA university in manganese research pact

By: Nadine James     27th July 2018 Canada-based Africa-focused exploration company Giyani Metals Corporation last week announced the signing of a research collaboration programme with South African tertiary institution Rhodes University, regarding battery-grade manganese within the company’s flagship Kanye manganese project in... 

Giyani Metals and SA university in manganese research pact
Photo by Creamer Media
INTERESTING PROSPECT Postgraduate students from Rhodes University will be researching the geology and economic characteristics of Giyani's near-surface manganese deposits

BME expands into US market

By: Nadine James     27th July 2018 South African explosives leader BME has further enhanced its international footprint by supplying its market leading AXXIS electronic detonators to customers in the US. In a statement last week, BME MD Joe Keenan noted that the company is already active with shipments of AXXIS detonators to... 

BME expands  into US market
JOE KEENAN The powerful features of the AXXIS system and its user-friendly interface are going to prove attractive to this new market

Crushtec joins forces with training firm to develop skills for screening industry

By: Nadine James     27th July 2018 Crushing and screening specialist Pilot Crushtec International (PCI) and training provider Opsmin Training Services South Africa are collaborating to provide an accredited training programme aimed at achieving a new, professional dimension for the screening industry, PCI announced earlier this... 

Crushtec joins forces with training firm to develop skills  for screening industry
CREATING PROFESSIONALS Original-equipment manufacturers previously offered crushing and screening training which, while useful from an operational perspective, has no professional standing

$5bn Anglo copper project going ahead in Peru

By: Martin Creamer     26th July 2018 Expected payback on the $5-billion copper project that Anglo American is leading in partnership with Mitsubishi is four years after initial production, Anglo CE Mark Cutifani said on Thursday, when the company announced the go-ahead for the development of the new community-backed low-cost,... 

$5bn Anglo copper project going ahead in Peru
Photo by Creamer Media
The Anglo-Mitsubishi Quellaveco copper mining project in Peru.

New milestone set at Gamsberg zinc project

By: Martin Creamer     26th July 2018 The completion of the main construction activities and commissioning of the front-end ore crushing, handling and stockpiling system for the Gamsberg zinc mine project in the Northern Cape is seen as a significant milestone. Completed for the Black Mountain Complex – part of the Vedanta Resources... 

New milestone set at Gamsberg zinc project
First ore deposited on coarse ore stockpile at Gamsberg.

Zimbabwe's African Chrome Fields eyes equity sale to fund expansion

By: Reuters     26th July 2018 Zimbabwe's largest chrome miner African Chrome Fields (ACF) is talking to foreign investors about an equity sale to help fund expansion but will ensure the firm's two main partners retain control, the majority shareholder said on Wednesday. The chairman of Moti Group, which has a majority stake... 

Innovation ‘coming out of the lab, into the field’ – Anglo

By: Martin Creamer     26th July 2018 The comprehensive technology and innovation programme being intensively conducted by diversified mining major Anglo American is coming “out of the lab and into the field”, the company told Mining Weekly Online on Thursday, when it reported continued performance improvement in the six months to... 

Innovation ‘coming out of the lab, into the field’ – Anglo
Photo by Creamer Media
Anglo American CE Mark Cutifani

Rio Tinto renews commitment to Quebec aluminium operations

By: Esmarie Swanepoel     26th July 2018 PERTH (miningweekly.com) – Diversified miner Rio Tinto has struck a renewed partnership agreement with the government of Quebec, which the miner said would strengthen its aluminium assets in the region. The new agreement supersedes one that was signed in 2006, and will run until 2025. The... 

Resources Watch  

26th July 2018 New mining fund raising R750m to co-finance ancillary mine projects And, free-carried interest will foster loyalty among mineworkers 

Resources Watch
Resources Watch

Huge developments for Amplats, AngloGold, Kumba 

26th July 2018 Amplats is taking steps to reverse what it calls unjustified investor bearishness, AngloGold Ashanti is getting a new CEO and Kumba Iron-Ore is receiving strong premiums for high-grade ore. Mining Weekly Editor Martin Creamer unpacks the headlines. 

Huge developments for Amplats, AngloGold, Kumba
Huge developments for Amplats, AngloGold, Kumba

Vale posts rise in second-quarter profit

By: Reuters     25th July 2018 Brazil's Vale SA, the world's largest iron ore producer, posted a rise in second-quarter net income, results showed on Wednesday. The miner said profit in the second quarter rose to 306-million reais ($82.96-million) from 60-million reais in the same period a year earlier. However, the figure... 

BHP turns first sod at $3.4bn Pilbara mine

By: Esmarie Swanepoel     25th July 2018 Mining major BHP has turned the first sod at its $3.4-billion South Flank project, in the Pilbara. The South Flank operation will leverage and expand on the existing Mining Area C hub, and is BHP's preferred option to replace the 80-million-tonne-a-year Yandi mine, which will reach the end of... 

Rising profits meet trade fears as commodity producers report

By: Bloomberg     24th July 2018 Investors will probably like most of what they see when energy, mining and farm-products companies report earnings for the most recent quarter. It’s the rest of the year they’re worried about. Commodity bellwethers including Exxon Mobil, Freeport-McMoRan, and Archer-Daniels-Midland are among a... 

Dushnisky resigns as Barrick president to take over the reins at AngloGold

By: Marleny Arnoldi     23rd July 2018 Gold miner AngloGold Ashanti has appointed outgoing Barrick Gold president Kelvin Dushnisky as CEO and executive director, effective September 1. “Following a competitive global search, we are pleased to [appoint] someone of Dushnisky’s calibre to lead this organisation,” AngloGold chairperson... 

Dushnisky resigns as Barrick president to take over the reins at AngloGold
Photo by Bloomberg
Outgoing Barrick president Kelvin Dushnisky to become AngloGold Ashanti CEO from September

BHP confirms class action over Samarco dam disaster

By: Esmarie Swanepoel     23rd July 2018 Mining major BHP on Monday said that defend itself against a class action filed in the Federal Court of Australia, in Victoria, relating to the Samarco dam failure. While the miner did not reveal any details regarding the class action proceedings, media reports on Monday said that some 3 000... 

BHP confirms class action over Samarco dam disaster

Hydraulic cylinder manufacturer to focus on expansion, African markets

By: Erin Steenhoff-Snethlage     20th July 2018 Following Germiston-based investment company iSipho Capital Holdings’ acquisition of 90% of Boksburg-based hydraulic and pneumatic manufacturer Anderson & Kerr Engineering in 2017, the hydraulic manufacturer will actively focus on client and market expansion to increase turnover, market footprint... 

Hydraulic cylinder manufacturer to focus on expansion, African markets
SIPHO MDANDA Anderson & Kerr Engineering is working towards becoming a world class manufacturer

Hytec focuses on improving turnaround times

20th July 2018 Kempton Park-based hydraulic cylinder manufacturer Hytec Engineering, which is part of the Hytec Group, has enhanced its service offering this year by purchasing four additional computer numerical control (CNC) machines to increase quality improvements and lower cylinder downtime with the... 

Hytec focuses on improving turnaround times
Photo by Creamer Media
REDUCING TURNAROUND Hytec Engineering is taking steps to reduce turnaround time for clients

Liebherr celebrates mining solution milestones

20th July 2018 Three of Swiss mining and construction manufacturer Liebherr Group’s hydraulic excavators have been provided to the mining industry for up to 18 years. The R 9100, R 996B and the R 9350 have been available for between five and 18 years. The current range of Liebherr Mining hydraulic excavators... 

Liebherr celebrates mining solution milestones
PROVIDING SOLUTIONS Liebherr Group has been providing excavator solutions to the mining industry for more than 18 years

New crawler excavator available to local market

20th July 2018 The new, robust Hyundai R260LC-9S crawler excavator from construction equipment manufacturer Hyundai Earthmoving Equipment is now available and has been introduced to the Southern African market, says Hyundai Construction Equipment distributor HPE Africa. The R260LC-9S crawler excavator is... 

New crawler excavator available  to local market
NEW STOCK HPE Africa imported the Hyundai R260LC-9S crawler excavator for the first time and received the stock in March 2018

AfriSam offers ‘mine-ready’ concrete, technical expertise

By: Melissa Zisengwe     20th July 2018 As many built structures in the mining environment require the use of aggregates, cement and concrete, leading construction materials supplier AfriSam can collaborate with contractors and mines to design and provide specialist concrete mixes. In addition to offering customised concrete for the... 

AfriSam offers  ‘mine-ready’ concrete, technical expertise
MINE READY AfriSam processes and systems ensure high quality consistent readymix concrete products

Lawyer not ‘distressed’ by possibility of Mining Charter being finalised in October

By: Nadine James     20th July 2018 The successful two-day Mining Summit – proposed by Minerals Resources Minister Gwede Mantashe previously – provided a platform for stakeholders to voice their concerns during, substantive discussions on nearly all aspects of the revised Mining Charter, says Hogan Lovells partner and mining head... 

Lawyer not ‘distressed’ by possibility of Mining Charter  being finalised in October
Photo by Creamer Media
WARREN BEECH The summit, and what has resulted from it, has resulted in a different, more positive, scenario

Construction project boosts services demand

By: Melissa Zisengwe     20th July 2018 Multidisciplinary engineering service provider TDS Projects Construction has secured an integrated construction project, which has significantly boosted the company’s order book and the demand for construction services in the local mining sector. In June, TDS was awarded two distinct, but... 

Construction project boosts services demand
PROJECT OFFTAKE The Matla project is expected to start in September this year

Anglo reports production growth across all commodities in Q2

By: Marleny Arnoldi     19th July 2018 Global diversified miner Anglo American reported a 6% year-on-year increase in total production on a copper equivalent basis for the second quarter. Anglo CE Mark Cutifani remarked in a statement on Thursday that higher copper and metallurgical coal production reflected the company’s consistent... 

Anglo reports production growth across all commodities in Q2
Photo by Creamer Media
Anglo American CEO Mark Cutifani

South32’s manganese production up 10%, Illawarra beats guidance

By: Esmarie Swanepoel     19th July 2018 Diversified miner South32 has reported record performances at its Australian manganese and Mozal aluminium operations during the 2018 financial year ended June, while also exceeding revised production guidance for its Illawarra metallurgical coal operations. “We delivered record annual... 

South32’s manganese production up 10%, Illawarra beats guidance

Greece shortlists Glencore, Vitol in Hellenic Petroleum majority stake sale

By: Reuters     18th July 2018 Greece has shortlisted Anglo-Swiss Glencore and Swiss Vitol to submit a binding bid for a majority stake in the country's biggest oil refiner Hellenic Petroleum, its privatisation agency said on Wednesday. Athens last month received five expressions of interest for a 50.1% stake that Greece and... 

BHP beats production expectations; warns of $650m Samarco charge

By: Esmarie Swanepoel     18th July 2018 Diversified giant BHP on Wednesday announced that the company had met or exceeded the production expectations for its commodities during the 2018 financial year, but warned of a $650-million financial impact related to the Samarco dam failure, in Brazil. “We have delivered a strong finish to the... 

BHP beats production expectations; warns of $650m Samarco charge
BHP CEO Andrew Mackenzie

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