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Diversified Miners News

Study elevates importance of Orion’s Jacomynspan deposit

By: Megan van Wyngaardt     8th March 2018 A geological reevaluation of the ultramafic intrusive hosted Jacomynspan nickel/copper/cobalt deposit, undertaken on behalf of dual-listed Orion Minerals, has highlighted important findings that elevate the importance of this district as a compelling target for exploration. Orion MD and CEO Errol... 

Exxaro negotiating new business opportunities beyond mining 

By: Martin Creamer     8th March 2018 While retaining coal as its bedrock, Exxaro Resources has begun taking steps that will take the company beyond coal and even beyond mining, Exxaro CEO Mxolisi Mgojo said on Thursday. But this is all taking place while Exxaro continues to invest heavily in its long-term coal-mining business, which... 

Exxaro negotiating new business opportunities beyond mining
Exxaro Resources CEO Mxolisi Mgojo’s presentation of 2017 results covered by Mining Weekly Online’s Martin Creamer. Photographs: Dylan Slater. Video and Video Editing: Darlene Creamer

Exxaro operations generate 23% more cash, one fatality

By: Martin Creamer     8th March 2018 Cash of R6.8-billion generated by the operations of Exxaro Resources was 23% higher in the 12 months to December 31, when net operating profit increased by 17% to R6.1-billion. Revenue rose 9% to R22.8-billion buoyed by the coal business, which benefitted from higher selling prices and volumes. 

Exxaro operations generate 23% more cash, one fatality
Photo by Creamer Media
Exxaro CEO Mxolisi Mgojo

World's biggest mining show draws huge crowd, signalling mining investment optimism

By: Henry Lazenby     7th March 2018 The Prospectors & Developers Association of Canada's (PDAC's) 2018 convention, in Toronto, drew an international crowd of 25 606 people, in what is widely considered as a clear sign that optimism is returning to the mineral exploration and mining industry following several years of turmoil.... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

Pending toll milling, Bunker Hill ready to roll in as little as 60 days

By: Henry Lazenby     7th March 2018 The 'crown jewel' of the Coeur D'Alene zinc, lead and silver mining district, in northern Idaho, could be in initial production in as little as 60 days pending finalisation of a toll milling agreement, after the US Environmental Protection Agency (EPA) signed an agreement releasing owner Bunker... 

Pending toll milling, Bunker Hill ready to roll in as little as 60 days
Photo by US Environmental Protection Agency
A file photo of the Bunker Hill smelter operating in winter snow during the 1970s.

Nexa a pioneer of the new future of mining – Tito Martins

By: Henry Lazenby     6th March 2018 Recently rebranded Brazilian miner Nexa Resources is at the forefront of innovating in the mining industry with progressive policies and innovative technologies, an audience attending the keynote session during the Prospectors and Developers Association of Canada's 2018 convention has heard.... 

Nexa a pioneer of the new future of mining – Tito Martins
Photo by Henry Lazenby
Nexa Resources president and CEO Tito Martins addresses the audience during the PDAC 2018 keynote session, in Toronto

Glencore's talks to sell cobalt to Chinese firm falter on price

By: Reuters     6th March 2018 Glencore is in talks to sell around a quarter of its cobalt output in a one-year deal to Chinese firm GEM, but price is a sticking point as Glencore and other major producers are now able to exert more influence in negotiations, sources said. Cobalt has increasingly come under the spotlight over... 

Mining-specific staff recruitment, management app developed 

By: Mia Breytenbach     6th March 2018 To refine and improve the execution of recruitment within the mining industry, mining and engineering professionals recruiter TrueVine Consulting has developed a new, innovative online recruitment platform, called Digger. “Digger is a digital recruitment, talent management and staff retention... 

Mining-specific staff recruitment,  management app developed
Innovative mining-specific staff recruitment, management app developed. Editing: Darlene Creamer and Christo Greyling.

TNG in talks for Mt Peake finance, offtakes

By: Megan van Wyngaardt     6th March 2018 Australian strategic metals developer TNG on Tuesday said it has had preliminary meetings with Germany's KfW IPEX-Bank and received a positive hearing with an expression of interest to conduct further due diligence ahead of possible mandating for finance for the development of its flagship Mount... 

Building trust between miners, host governments a prerequisite to foster economic prosperity

By: Henry Lazenby     6th March 2018 Endemic mistrust between private sector miners and African jurisdictions belies the spirit and objectives set out in the African Union's African Mining Vision, an audience attending the eighth MineAfrica panel discussion at the Prospectors and Developers Association of Canada conference heard on... 

Building trust between miners, host governments a prerequisite to foster economic prosperity
Photo by Henry Lazenby
MineAfrica 8th Panel Discussion on African Mining in 2018-Politics, Policies and Opportunities

Partying with purpose: world's miners drink and deal after dry years

By: Reuters     5th March 2018 While not the premium liquor and prime rib parties of old, miners are laying on the cocktails again after several lean years, booking hotel lounges and nightclubs to twin drinks with deal making. An upbeat tone at the world's biggest mining conference comes as global exploration spending snaps a... 

Africa attracts 14% of world's 2017 exploration budget - S&P's

By: Megan van Wyngaardt     5th March 2018 Africa attracted 14% of the $8.4-billion budgeted for exploration for nonferrous metals globally in 2017, Standard & Poor's (S&P's) 'Global World Exploration Trends' report highlights. Exploration in Africa was focused mainly on the Democratic Republic of Congo (DRC), Burkina Faso, Tanzania and... 

Nautilus secures further bridge funding

By: Henry Lazenby     5th March 2018 TSX-listed marine mining project developer Nautilus Mining has secured a further bridge loan of up to $34-illion from Deep Sea Mining Finance, which is intended to tide the company over until it is able to start undersea mining at its flagship Solwara 1 project, offshore Papua New Guinea (PNG).... 

Congo's Kabila to meet companies over mining code revision

By: Reuters     5th March 2018 Democratic Republic of Congo President Joseph Kabila will meet mining company representatives on Tuesday to discuss a mining code revision awaiting his signature that would raise taxes and royalties, the mines minister said. The bill was adopted by parliament late in January but the industry has... 

ASIC takes legal action against former Rio Tinto CEO, CFO

By: Simone Liedtke     2nd March 2018 The Australian Securities and Investments Commission (ASIC) on Friday launched legal proceedings in the Federal Court in Sydney against Rio Tinto, its former CEO Tom Albanese and its former CFO Guy Elliott. The proceedings relate to statements, which ASIC alleges were misleading or deceptive,... 

ASIC takes legal action against former Rio Tinto CEO, CFO
Photo by Duane Daws
Former Rio Tinto CEO Tom Albanese

Exxaro expects 30% to 40% increase in FY17 core HEPS

By: Nadine James     2nd March 2018 Diversified miner Exxaro Resources expects to report a 30% to 40% increase in core headline earnings per share (HEPS) for the year ended December 31. The core HEPS excludes one-off Items, including costs relating to the implementation of its replacement black economic empowerment transaction, as... 

A proposal to the President – A six-point plan

     2nd March 2018 South Africa’s minerals and mining industry faces severe headwinds. The Republic of South Africa hosts a treasure trove of geology and minerals, valued at about $2.5-trillion. Without modern exploration, prospecting and new local and foreign investment, these resources will not be developed for... 

A proposal to the President – A six-point plan

Trump says US to impose steep tariffs on steel, aluminium imports

By: Reuters     2nd March 2018 US President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminium to protect US producers, risking retaliation from major trade partners like China, Europe and neighbouring Canada as well as helping to trigger a large selloff on Wall Street. Trump said... 

Trump says US to impose steep tariffs on steel, aluminium imports

Sustainability raising the bar in mining industry

By: Jessica Oosthuizen     2nd March 2018 Mining companies are taking an increasingly leading role in improving sustainability across the industry, and a proactive approach towards ensuring long-term sustainability, says engineering, procurement and construction services provider Black & Veatch chief technical officer Dennis Gibson.... 

Sustainability  raising the bar in mining industry
Photo by Duane Daws
REDUCED CARBON FOOTPRINT Technologies, such as solar photovoltaic, hydro and wind can deliver clean energy and aid sustainability

Mining Indaba achieves ‘support’ goal, sees increase in investor interest

By: Jessica Oosthuizen     2nd March 2018 The goal of the 2018 Investing in African Mining Indaba – to support junior, midtier and major miners through investment and finance while enhancing the platform to include more discussion on sustainability – has been met, says event organiser Mining Indaba director of content Harry Chapman. He... 

Mining Indaba achieves ‘support’ goal, sees increase in investor interest
INVESTOR CONFIDENCE There was a 23% increase in international investor attendance at this year’s Investing in African Mining Indaba

Disruptive MTB solution to provide for continuous operations

By: Jessica Oosthuizen     2nd March 2018 JSE-listed raise boring and drilling services provider Master Drilling launched its new mobile tunnel boring (MTB) system at the Investing in African Mining Indaba, which was held from February 5 to 8, in Cape Town. The system, specifically designed for the mining sector, is suited to the... 

Disruptive MTB solution to provide  for continuous operations
Photo by Duane Daws
DANIE PRETORIUS Master Drilling’s mobile tunnel boring system is due to arrive in South Africa in the last quarter of 2018 and it will be used at a local mine

SA mining outlook improves, regulatory changes still required

By: Jessica Oosthuizen     2nd March 2018 The current outlook for the mining industry is better than it is has been for some time, says law firm Cliffe Dekker Hofmeyr mining head Allan Reid. Reid, who attended the 2018 Investing in African Mining Indaba, held in Cape Town last month, comments that the general mood at the event was... 

SA mining outlook improves, regulatory changes still required
ALLAN REID Mining Charter III and the Mineral and Petroleum Resources Development Act Bill need to be amended

Stability, sustainability needed for mining growth

By: Jessica Oosthuizen     2nd March 2018 South Africa needs stability, continuity and fairness in the mining industry, says engineering consultant WSP Africa transport and infrastructure division MD Dr Terence Milne, who tells Mining Weekly that presenters at the Investing in African Mining Indaba highlighted “political stability, fair... 

Stability, sustainability needed for mining growth
Photo by Bloomberg
CLEAN ENERGY WSP aims to explore green energy for miners in the year ahead

MTE celebrates 25 years of success

By: Nadine James     2nd March 2018 Travelling exhibition specialist MTE celebrates its twenty-fifth anniversary this year, and the company – founded by Tony Wightman in 1993 – owes its success to its deep engagement with the mining industry, subsequently enabling MTE to establish long-standing relationships with mines and... 

Ramaphosa integral to mining’s fresh start – lawyer

By: Nadine James     2nd March 2018 There is an urgent need for a fresh start in mining to secure a new deal for the sector, says auditing and advisory firm BDO South Africa’s Africa desk leader Owen Murphy, suggesting that newly elected South African President Cyril Ramaphosa could be integral to this new start. The local mining... 

A proposal to the President - A six-point plan

     2nd March 2018 South Africa's minerals and mining industry faces severe headwinds. The Republic of South Africa hosts a treasure trove of geology and minerals, valued at about $2.5-trillion. Without modern exploration, prospecting, and new local and foreign investment, these resources will not be developed for... 

A proposal to the President - A six-point plan

Miners broadly welcome federal Budget 2018 bar some caveats

By: Henry Lazenby     1st March 2018 The Canadian mining industry has welcomed the federal 2018 budget that was announced this week, highlighting particular support for the extension of the Mineral Exploration Tax Credit and several additional funds made available for critical skills training. Canada's Budget 2018, tabled by... 

Miners broadly welcome federal Budget 2018 bar some caveats
Photo by Reuters
Canada's Finance Minister Bill Morneau delivers the budget in Ottawa

Mining Charter to be finalised in three months – Mantashe

By: Reuters     28th February 2018 South Africa's new mining minister Gwede Mantashe said on Wednesday he will finalise the latest version of an industry charter which lays out requirements for black ownership levels and other targets in the next three months. Uncertainty around the charter has deterred investment into a sector... 

Mining Charter to be finalised in three months – Mantashe
Photo by Duane Daws
Mineral Resouces Minister Gwede Mantashe

Artemis plans 3.3 km drill hole in the Pilbara

By: Megan van Wyngaardt     28th February 2018 ASX-listed Artemis Resources plans to drill a super-deep 3 300 m diamond drill hole on its Balmoral area, about 50 km south of its Radio Hill Mine, in Western Australia. The drill site for ASD-1 would be finalised over the coming weeks and the hole would be drilled to test for base metals,... 

Mantashe’s warm welcome into mining, analysts call for structural change  

     28th February 2018 With seemingly positive changes taking place in government, the mining industry is keen to play its part in the economy, while analysts have called for structural change in the industry. Mining Weekly editor Martin Creamer unpacks the developments. 

Mantashe’s warm welcome into mining, analysts call for structural change
Mantashe’s warm welcome into mining, analysts call for structural change

EY's Mining Eye index puts in solid Q4; M&A activity muted ahead of PDAC

By: Henry Lazenby     28th February 2018 The EY Canadian Mining Eye index has showed a fourth-quarter gain of more than 2% quarter-on-quarter, to 4%. The increase in the Canadian Mining Eye index's performance suggests confidence in pursuing growth is returning to the sector, after an extended period of volatility, according to EY. The... 

EY's Mining Eye index puts in solid Q4; M&A activity muted ahead of PDAC

Scotiabank pulls plug on sale of metals business

By: Reuters     27th February 2018 Canadian lender Bank of Nova Scotia said on Tuesday it would keep its ScotiaMocatta metals trading business, ending months of speculation that it could be sold, and the bank also reported earnings that beat market expectations. However, the metals business will be slimmed down following a... 

African Rainbow Minerals expects to swing back into the black in H1

By: Megan van Wyngaardt     27th February 2018 Diversified miner African Rainbow Minerals (ARM) expects its earnings a share for the six months to December 31 to improve to between 912c and 930c, compared with the basic loss a share of 134c reported for the six months to December 31, 2016. The prior period's basic loss included a R711-million... 

Resounding welcome for Gwede, who declines opportunity to comment

By: Martin Creamer     27th February 2018 New South African Mineral Resources Minister Gwede Mantashe has received a resounding welcome from the Chamber of Mines of South Africa, Business Leadership South Africa (BLSA) and mining luminaries. The Chamber of Mines of South Africa has welcomed the appointment of Mantashe, 62, describing him... 

Resounding welcome for Gwede, who declines opportunity to comment
Photo by Duane Daws
Incoming Mineral Resources Minister Gwede Mantashe

BC establishes mining task force to grow jobs

By: Henry Lazenby     27th February 2018 The British Columbia government has established the long-awaited Mining Jobs Task Force on Monday. The task force has its roots in the 2014 Mount Polley mine tailings pond failure in the Cariboo region of the province, and is established amid intensifying disputes with Alaska over downstream... 

BC establishes mining task force to grow jobs
Photo by British Columbia Government
BC Minister of Energy, Mines and Petroleum Resources Michelle Mungall announces the provincial Mining Jobs Task Force

#DisruptMining competition heats up as four finalists named

By: Henry Lazenby     27th February 2018 The #DisruptMining mining innovation challenge has named the four finalists who will compete against each other during the grand finale to be held during the Prospectors and Developers Association of Canada's yearly convention early in March. The yearly competition, hosted by gold miner... 

Rio Tinto says changing structure, moving some staff

By: Reuters     23rd February 2018 Rio Tinto is moving some of its support staff as it creates three global hubs, but is not changing its operating model, it said on Thursday. Rio Tinto, the second biggest miner by market capitalisation, has listings in London and Australia, a headquarters in London and an Australian office. 

Finland takes top spot for mining-friendly investment 

By: Henry Lazenby     23rd February 2018 Finland has ousted Saskatchewan as the top international jurisdiction for mining investment, Canada's Fraser Institute announced on Thursday. Canada's leading independent think-tank, the Fraser Institute, administers its Annual Survey of Mining Companies and ranks jurisdictions around the world... 

Finland takes top spot for mining-friendly investment

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