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Diversified Miners News

Semafo chairperson passes

By: Henry Lazenby     24th November 2017 West Africa-focused gold miner and regional explorer Semafo announced the sudden passing of its chairperson Jean Lamarre on Wednesday, following a short illness. Lamarre joined the company’s board in 1997 and was appointed chairperson in 2000, a position he held until his demise. 

Mining midmarket enterprises lead gross value-add metric in Canada – HSBC

By: Henry Lazenby     24th November 2017 Mining-focused midmarket enterprises (MMEs) are the leading contributors to gross value-add (GVA) to Canada’s economy, a new report by international banking group HSBC has found. Published on Thursday, and authored by HSBC and Oxford Economics, the ‘Entrepreneurial heartland of MMEs' report found... 

Ventilation and cooling in mines often work against nature

By: Simone Liedtke     24th November 2017 Mining requires a robust constitution as mines often work against nature, descending deep underground, where temperatures can rise to between 60º and 70º at the rock face, explains heating, ventilation and air conditioning (HVAC) company Johnson Controls GM Neil Cameron. 

Ventilation and cooling in mines often work against nature
YD CENTRIFUGAL CHILLER The chiller ranges in capacity from 5 300 kW to 21 100 kW

Consulting industry evolves despite current challenges

By: Marleny Arnoldi     24th November 2017 As mines have reduced their in-house technical capacity to deal with cost constraints in the economic downturn, the role of consulting engineers in the mining industry has evolved in the past decade, with their specialist skills being applied more broadly, says firm of consulting engineers and... 

Consulting industry evolves despite current challenges
VIS REDDY The involvement of consultants in operational work on mines tends to detract from the more specialised focus that consultants should have

Increasing demand for variable-speed drives

By: Simone Liedtke     24th November 2017 Following the successful commissioning of two MoviDrive B ventilation and air conditioning variable-speed drives (VSDs) at an underground mine in the North-West, in South Africa, drive engineering specialist SEW-Eurodrive South Africa will commission an additional four of its MoviDrive B drives... 

Increasing demand for variable-speed drives
DISTINGUISHED DRIVE The purpose-built LTP-B Eco HVAC drive can be set for different parameters such as fan or pump control

Relays assist with cable-theft detection

By: Simone Liedtke     24th November 2017 Mining system solutions supplier Becker Mining South Africa’s Proloc and ProBeck electronic protection and control relays have been designed for motor protection, as well as cable-theft detection, in diverse industries, including ventilation and cooling applications in mining and quarrying. 

Relays assist with  cable-theft detection
PROTECT AND SERVE The Proloc and ProBeck relays are programmed to detect cable theft by identifying a change in electrical impedance of a cable

Atlas Copco splits into entities focusing on mining and civil engineering, and the industrial market

By: Dylan Slater     24th November 2017 Construction and mining equipment manufacturer Atlas Copco has started a process to divide the company into two separate entities – Atlas Copco and Epiroc. Epiroc will remain a subsidiary of Atlas Copco.  

Atlas Copco splits into entities focusing on mining  and civil engineering, and the industrial market
SANJAY AHUJA Epiroc is now a house where we can live and breathe mining and rock excavation

Agromining may provide new opportunities to extract remaining value from mined land

By: Mia Breytenbach     24th November 2017 With a significant portion of the large mineral deposits having been discovered worldwide, and in many cases reaching the end of viable economic recovery, phytomining is one option that could be chosen to extract the remaining value from this mined ground, Florida International University... 

Agromining may provide new opportunities to extract remaining value from mined land

New tin player aiming to achieve steady-state production at Namibian project within 12 months 

By: Mia Breytenbach     24th November 2017 Diversified mineral development company Bushveld Minerals’ tin platform AfriTin Mining, which has assets in Namibia and South Africa, will focus on becoming “The Africa tin champion” by bringing its flagship Uis tin project, in Namibia, to commercial production, says AfriTin Mining CEO Anthony... 

New tin player aiming to achieve steady-state production at Namibian project within 12 months
Afritin Mining CEO Anthony Viljoen discusses newly- Aim-listed Afriting Mining and its strategies.

South32 bullish on aluminium, manganese, energy coal prospects

By: Mia Breytenbach     23rd November 2017 With the price of various commodities having improved during the 2017 financial year, diversified miner South32 remains optimistic about the aluminium, manganese and energy coal sectors for the year ahead. “Manganese led the way [in terms of price increases], and metallurgical coal, energy coal,... 

South32 bullish on aluminium, manganese, energy coal prospects
Photo by Bloomberg
South32 CEO Graham Kerr

Triton inches closer to opening Ancuabe graphite project

By: Megan van Wyngaardt     22nd November 2017 ASX-listed Triton Minerals has started the transition from explorer to developer with the submission by its subsidiary Grafex Limitada of its Mining concession application (MCA) to the Instituto Nacional de Minas (INAMI) for its large flake, high-purity Ancuabe graphite project in northern... 

Tawana strengthens management team

By: Megan van Wyngaardt     22nd November 2017 Dual-listed Tawana Resources has appointed Noel O’Brien chief technical officer for its metallurgy and processing division. A metallurgist and processing expert, O’Brien has experience in multiple lithium projects in Australia and internationally. 

Premier raises £1-milion in oversubscribed share offer

By: Megan van Wyngaardt     21st November 2017 Aim-listed Premier African Minerals received a strong response to its offer to raise £500 000 at 0.4p apiece, with the offer oversubscribed. The offer closed early when £1-milion was surpassed, with Premier now issuing 252-million shares, which will rank equally with the company's existing... 

Mining contributes A$55bn to Qld economy in 2016/17

By: Mia Breytenbach     21st November 2017 The resources sector continues to drive employment and investment in Queensland, having contributed A$55.1-billion to the state’s economy in 2016/17 and supported the equivalent of 282 633 full-time jobs. This is according to the Queensland Resources Council’s (QRC’s) eighth yearly economic... 

Exxaro eases BEE scheme replacement concerns

By: Natasha Odendaal     20th November 2017 Diversified miner Exxaro Resources on Monday moved to ease shareholder concerns over its new replacement black economic empowerment (BEE) scheme that will ultimately hold a 30% stake in the JSE-listed firm. Shareholders had queried the ultimate controller of K2016475450 (BEE SPV), the special... 

Bushveld’s Vametco subsidiary achieves solid Q3 performance

By: Mia Breytenbach     20th November 2017 Aim-listed Bushveld Minerals’ Bushveld Vametco subsidiary put in a solid performance for the third quarter ended September 30, which was supported by a rising vanadium price that traded at an average of $39.40/kg. Bushveld Minerals and Yellow Dragon Holdings in April jointly acquired Bushveld... 

Teck declares supplemental dividend of C$0.40 a share

By: Henry Lazenby     17th November 2017 Canadian diversified miner Teck Resources has declared a C$260-million supplementary dividend to return surplus cash on hand to shareholders, while simultaneously announcing a C$230-million share buyback programme. The Vancouver-headquartered company reported a strong balance sheet at the end of... 

Regulatory uncertainty results in inability to comply

By: Nadine James     17th November 2017 Given the uncertainty surrounding the interpretation of the National Environmental Management Act’s (Nema’s) Financial Provision Regulations, most mining companies have decided to wait until the regulations have been finalised before allocating resources to become compliant, says underwriting... 

Regulatory uncertainty results in inability  to comply
LEENTIE SMIT Financial guarantee solutions allow mining clients to fund the mining rehabilitation liability over a period that takes into consideration life-of-mine

Consultancy looks to reduce cost of complying with new regulations

By: Nadine James     17th November 2017 Mining consultancy The MSA Group is liaising with various industry players including mining companies, insurers, law and auditing firms to establish a consistent approach to assessing and reviewing mine closure liability. They believe that this collaboration will result in greater understanding... 

Consultancy looks to reduce cost of complying with new regulations
RECLAIMED BY NATURE The new, stricter regulations are likely owing to the Department of Mineral Resources being responsible for the rehabilitation close to 6 000 abandoned mines

Financial provisioning regulations a game changer – law firm

By: Nadine James     17th November 2017 The National Environmental Management Act’s (Nema’s) Financial Provisioning Regulations are a game changer because of the level of detail they require from mining companies, as well as the increased levels of liability they have established, says mining law firm Webber Wentzel. Webber Wentzel... 

Financial provisioning regulations a game changer – law firm
GARYN RAPSON The new laws have changed the rules surrounding mine closure in fundamental ways

Need for collaboration in CSR initiatives emphasised

By: Mia Breytenbach     17th November 2017 With the mining industry now recovering from the downturn in commodity prices, and a new balance emerging in the global demand and supply of minerals, now is the time to reflect, innovate and plan for a more resilient industry in the future, says Mineral Resources Deputy Minister Godfrey... 

AngloGold’s capex project progressing as planned, within budget

By: Mia Breytenbach     17th November 2017 JSE- and New York-listed AngloGold Ashanti says its high-return and low-capital projects in its international portfolio to extend mine lives and improve margins remain on track and within budget. “We expect . . . continued delivery to tight timelines and budgets on our portfolio-improvement... 

AngloGold’s capex project progressing as planned, within budget
IN PROGRESS Anglogold is extending the life of its Mponeng mine, in Gauteng, initially through the Phase 1 project to access deeper, higher-grade ore

Zambian mining sector edging closer to ‘zero harm’

By: Nadine James     17th November 2017 The atmosphere at the Zambian mining industry’s third annual Health and Safety Conference, held in Ndola on November 2 and 3, was particularly positive as, at the time, the industry was firmly on course for a fatality-free year, the Zambia Chamber of Mines (ZCM) reports. This was significant, as... 

Zambian mining sector edging closer to ‘zero harm’
KANSANSHI MINE A woman truck driver from Kansanshi mine sustained fatal injuries when the heavy-duty truck she was driving collided with another truck in the sole fatality in Zambia’s mining industry so far, this year

BHP facing uncertain future as shareholders push for strategic change

By: Esmarie Swanepoel     17th November 2017 Rating agencies and analysts have raised concerns about the future of mining major BHP in the wake of actions taken by so-called activist shareholders. The mining giant’s second-largest holder of its London-listed shares, fund manager Elliot Associates and Elliot International, has been picking... 

BHP facing uncertain future as  shareholders push for strategic change

Collaboration with engineering firm yields nigh-R100m cost saving for Harmony

By: Mia Breytenbach     17th November 2017 JSE-listed Harmony Gold has partnered with Pretoria-based engineering company ETA Operations (ETA), formerly known as HVAC International, to improve the operational efficiency of Harmony’s deep-level gold mines in South Africa, subsequently resulting in significant cost savings. The operational... 

Collaboration with engineering firm yields nigh-R100m cost saving for Harmony
Photo by Harmony Gold
IMPROVING EFFICIENCY ETA Operations aided Harmony Gold in maintaining previously-implemented electricity cost savings projects that yielded significant results

'A good number of investors' considering countries offering better return-on-investment prospects than SA

By: Dylan Slater     17th November 2017 Mining policies imposed by the Department of Mineral Resources (DMR) on local industry are creating increased uncertainty for investors, a growing number of whom are considering investing in mining projects and exploration in other countries, with a greater chance of a healthier return on... 

'A good number of investors' considering countries offering better return-on-investment prospects than SA
Photo by Duane Daws
PAUL MILLER A significant volume of additional capital needs to be earmarked for every new mining project to account for risk associated with policy uncertainty

DRC State mining company under fire 

     16th November 2017 Certain revenues of the Democratic Republic of Congo State mining company have not been directed to the public treasury and are largely beyond the realm of public oversight, claims a report by the Carter Centre. Mining Weekly editor Martin Creamer joins senior deputy editor Tracy Hancock in... 

DRC State mining company under fire
DRC State mining company under fire

Zeta ups holding in three companies

By: Esmarie Swanepoel     16th November 2017 ASX-listed Zeta Resources has executed a binding term sheet that would see it increase its stake in three resource companies. Zeta on Thursday announced that it would acquire investment holding company Axelrock for 110.8-million shares, at a deemed issue price of 45.2 c a share, valuing the... 

Glencore is said close to creating mining royalty company

By: Bloomberg     15th November 2017 Glencore is close to finalising a $700-million deal with the Ontario Teachers’ Pension Plan to create a new base-metals royalty company, according to people familiar with the matter. The Swiss commodity giant will bring royalty agreements from about 10 mines, while Ontario Teachers’ will... 

Glencore is said close to creating mining royalty company
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Rio completes off-market buy-back

By: Esmarie Swanepoel     13th November 2017 Diversified giant Rio Tinto has completed a A$750-million off-market buy-back, with all shares purchased to be cancelled. The miner in September initiated the buy-back, which was increased from an indicative A$700-million, as part of its $2.5-billion share buy-back programme, returning the... 

Namibia Rare Earths expands metals portfolio

By: Henry Lazenby     10th November 2017 TSX-V-listed project developer Namibia Rare Earths has signed an agreement with private firm Gecko Namibia to acquire a controlling interest in a portfolio of seven metals properties, thereby expanding its focus from heavy rare earths to include cobalt, copper, zinc, lithium, graphite, tantalum,... 

Camborne School of Mines pioneers ‘Fairtrade’ model for ethically, sustainably resourced raw materials

By: Henry Lazenby     10th November 2017 A team of researchers at the University of Exeter’s Camborne School of Mines, based in Cornwall, the UK, are pioneering the development of a ‘Fairtrade’ model for ethically and sustainably resourcing raw materials that are crucial in the manufacturing of next-generation technologies. The research... 

Camborne School of Mines pioneers ‘Fairtrade’ model for ethically, sustainably resourced raw materials

IHS Materials Price Index falls for third time in 5 weeks

By: Henry Lazenby     10th November 2017 The materials price index (MPI) from Global Insight by IHS Markit fell by 0.4% last week, its third decline in the past five weeks. While the decline was relatively modest, it was broadly based, with eight of ten sub-indexes falling – the first time since June that a majority of the MPI's... 

Fortune to consider higher cobalt output in Nico feasibility report

By: Henry Lazenby     10th November 2017 Project developer Fortune Minerals plans to increase the production rate at its flagship Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories, by between 20% and 30% in a response to feedback from potential strategic partners, the company announced on Thursday. London,... 

New Alliance to ensure responsible cobalt supply from Africa

By: Robyn Wilkinson     10th November 2017 Joining other international businesses and organisations at the inaugural World Economic Forum Sustainable Development Impact Summit, held in New York from September 18 to 19, diversified miner Eurasian Resources Group (ERG) helped launch the Global Battery Alliance. 

New Alliance to  ensure responsible cobalt supply  from Africa
CONFLICT-FREE OPERATION ERG’s Metalkol Roan Tailings Reclamation project will supply 14 000 t/y of responsibly mined cobalt to the global market in 2018

Opportunities persist in sub-Saharan Africa, despite unfavourable mining sector

     10th November 2017 Opportunities remain in sub-Saharan Africa (SSA), despite a spate of regulatory changes and policy uncertainty across major mining countries in the region eroding investor sentiment, highlighting the region’s mining sector as the riskiest in the world, according to Fitch-affiliated BMI. The... 

Opportunities persist in sub-Saharan Africa, despite unfavourable mining sector
Photo by Bloomberg
CHALLENGING ENVIRONMENT Sub-Saharan Africa remains challenged by underdeveloped infrastructure and small mining sectors

Africa’s first coltan smelter established in Tanzania

By: Robyn Wilkinson     10th November 2017 Mining and metals company AB Minerals is partnering with the African Minerals and Geoscience Centre (AMGC) in Dar es Salaam, Tanzania, to establish the first columbite-tantalite (coltan) smelter in Africa. 

Digitalised in-house communications to benefit African mines

By: Robyn Wilkinson     10th November 2017 Mining companies operating in Africa need to think innovatively about how to reach their workforces and consider different access and communication models to ensure healthy and effective employee relations that can significantly improve their bottom lines, says communications provider Wyzetalk... 

Digitalised in-house communications to benefit African mines
GYSBERT KAPPERS There is a strong focus on employees, communities and investing in technology that contributes towards empowerment, inclusivity and sustainability in mining operations

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