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Diversified Miners News

Higher metals prices prop up BC mining industry in 2017 – PwC

By: Creamer Media Reporter      10th May 2018 British Columbia's mining industry remained upbeat in 2017, as prices for most metals and minerals produced in the province continued to steadily recover from multiyear lows. Although most commodity prices remain below the record highs seen in 2011, the recent increases are part of an upward... 

Resources Watch   

10th May 2018 Reclaiming competitiveness through R&D-led mining modernisation Manufacturing capability to underpin SA’s reindustrialisation And, exciting new mining research thrust 

Resources Watch
Resources Watch

Resources sector to inject nearly A$6bn into WA economy

By: Esmarie Swanepoel     10th May 2018 The resources sector is forecast to inject some A$5.9-billion into Western Australia’s economy in 2018/19, with the sector continuing to be a major driver in the state’s economy. The mining industry contributed some A$5-billion, or 17%, of Western Australia’s total revenues during 2017, the... 

Resources sector to inject nearly A$6bn into WA economy

Agarwal encouraging Anglo to accentuate South Africa link

By: Martin Creamer     9th May 2018 Indian mining billionaire Anil Agarwal is encouraging Anglo American – in which he now holds more than 21% – to accentuate its link with South Africa, where the Vedanta Resources company he founded and chairs is successfully turning to highly positive account the zinc assets that Anglo walked... 

Agarwal encouraging Anglo to accentuate South Africa link
Photo by Dylan Slater
Anil Agarwal (right) and Martin Creamer

Vedanta's KCM disputes $18m Zambia tax bill – industry source

By: Reuters     9th May 2018 Vedanta Resources' Zambia unit, Konkola Copper Mines (KCM), is disputing a bill of almost $18-million slapped on it by tax authorities after an audit, an industry source familiar with the matter, told Reuters on Wednesday. Zambia's revenue authority concluded audits of mining companies that... 

Congo finalising mining rules after company concerns ignored

By: Bloomberg     9th May 2018 The Democratic Republic of Congo’s Mines Ministry said it’s completing work on new regulations, as a draft document showed the government has so far ignored companies’ key concerns about the reforms. Miners including Glencore and Randgold Resources have demanded the government dial back aspects... 

Amplats awarded global sustainability accolade

By: Anine Kilian     9th May 2018 Anglo American Platinum (Amplats) has achieved the second-highest sustainability practice score within the metals and mining sector category of ISS-oekom’s global ‘Corporate Responsibility Review 2018'. ISS-oekom is an environmental, social and governance (ESG) research and rating agency. 

Ivanplats signs water offtake agreement for Platreef project

By: Marleny Arnoldi     8th May 2018 Africa-focused explorer and project developer Ivanhoe Mines’ 64%-owned subsidiary Ivanplats has signed an agreement with the Mogalakwena municipality, in Limpopo, for the supply of at least five-million litres of treated water a day for 32 years, starting in 2022, from the town of Mokopane’s new... 

Ivanplats signs water offtake agreement for Platreef project
Ivanhoe executive chairperson Robert Friedland

Vast achieves record Q1 gold production in Zim, Mercuria offtake finalised

By: Marleny Arnoldi     8th May 2018 Aim-listed mining and resource development company Vast Resources achieved record first-quarter gold production of 6 326 oz at its 25%-owned Pickstone-Peerless gold mine, in Zimbabwe.  

Vast achieves record Q1 gold production in Zim, Mercuria offtake finalised
The Baita tailings dam in Romania.

Biggest miner says China's shift to quality iron-ore will hold

By: Bloomberg     7th May 2018 BHP Billiton, the world’s biggest miner, forecasts reforms in China’s steel sector will continue to hand an advantage to suppliers of higher-quality iron-ore and coking coal as consumption of the alloy keeps growing well into the next decade. Steel mills are likely to retain about two-thirds of... 

Goldman Sachs maintains buy rating on Glencore

By: Marleny Arnoldi     4th May 2018 Diversified miner Glencore’s strong production growth has prompted investment banking and management firm Goldman Sachs to maintain its buy rating on Glencore.  

Sibanye-Stillwater to start search for new audit firm

By: Simone Liedtke     4th May 2018 Multicommodity miner Sibanye-Stillwater will start the search for a new independent external audit firm for the 2019 financial year after its annual general meeting (AGM) on May 30. Sibanye had previously proposed the reappointment of audit, tax and advisory services provider KPMG as the... 

Glencore completes Hunter Valley acquisition

By: Marleny Arnoldi     4th May 2018 Diversified miner Glencore on Friday completed the acquisition of a 49%-interest in the Hunter Valley Operations coal mine in New South Wales.  

Glencore's Congo mining conundrum

By: Reuters     4th May 2018 Miner and commodities trader Glencore is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred many mining firms. US sanctions on Glencore's former Israeli partner in Congo have been a trigger for... 

BP said to tap Morgan Stanley as it weighs buying BHP assets

By: Bloomberg     4th May 2018 BP is weighing an acquisition of some of BHP Billiton’s energy assets as the British oil major seeks more US shale, according to people familiar with the matter. The London-based company is working with Morgan Stanley to advise on the plans, said the people, asking not to be identified as the... 

Sustainable solutions possible for AMD treatment

By: Erin Steenhoff-Snethlage     4th May 2018 Multidisciplinary engineering consultancy WSP Africa states that while acid mine drainage (AMD) decant in the Witwatersrand gold fields and surrounds should be dealt with urgently, there is no company large enough to start a large-scale water rehabilitation programme. “The Witwatersrand gold... 

Sustainable solutions  possible for AMD treatment
Photo by Creamer Media
TACKLING ACID MINE DRAINAGE Acid mine drainage is one of the single most significant threats to South Africa’s environment and needs to be urgently addressed

Integrated Pump Rental evolves business model for water management

By: Erin Steenhoff-Snethlage     4th May 2018 In reaction to the changing dewatering needs of local mines, South African pumps rental company Integrated Pump Rental (IPR) is evolving its service offering towards a full dewatering solution by introducing a stainless steel range of mine water pumps, and dewatering products. “There is a big... 

Integrated Pump Rental evolves business model for water management
DREDGING SOLUTION The SlurrySucker operates from the top of the water surface and sucks silt from the bottom of the processing pond

New pumping system to dewater deep mine shafts

By: Erin Steenhoff-Snethlage     4th May 2018 Centurion-based, family owned, pumping solutions provider Hazleton Pumps has patented a new pump technology that will dewater deep-level mine shafts more efficiently. The Hippo high head series submersible slurry pump system can remove acid mine drainage (AMD) water from flooded mine shafts in a... 

Weir Minerals Africa to tackle mine dewatering using new model

By: Erin Steenhoff-Snethlage     4th May 2018 Mine dewatering equipment supplier Weir Minerals Africa is exploring enhanced holistic measures to tackle mine dewatering in Africa. The company, a subsidiary of Scottish engineering company Weir Group PLC, has long provided the global and local mining and industrial sectors with sustainable and... 

Weir Minerals Africa to tackle mine dewatering using new model
PUMP IT The Multiflo pontoons offer an integrated solution incorporating Linatex hoses, Isogate valves and Warman dewatering pumps

Company invests in training to bridge skills gap in minerals processing

By: Donald Makhafola     4th May 2018 Minerals processing specialist Multotec spent more than R10-million on education and training development in 2017, while an additional R2-million was spent on the newly built, state-of-the-art training centre in Spartan, Kempton Park, says COO Jannie de Jonge. De Jonge says Multotec has “invested... 

Company invests in training to bridge skills gap in minerals processing
SPECIALISED TRAINING Multotec's state-of-the-art training centre in Spartan, Kempton Park

Expansion at Zim’s Blanket gold mine to increase production by 45% to 80 000 oz/y in next three years

By: Mia Breytenbach     4th May 2018 Mining, exploration and development company Caledonia Mining believes that its Blanket gold mine in Zimbabwe will achieve continued record production in future, owing to the company’s drive for expansion, says Caledonia Mining corporate development and investor relations VP Maurice Mason. The... 

Expansion at Zim’s Blanket gold mine to increase production  by 45% to 80 000 oz/y in next three years
WINDOW OF OPPORTUNITY Caledonia Mining’s plan to extend the depth of the Central shaft by 250 m to 1 330 m will create an additional two levels, which will increase mining flexibility

3M showcases products that can be used in the fight against TB

By: Nadine James     4th May 2018 Mining solutions manufacturer 3M’s Live Life Breathe campaign intensified last month, when the company presented its message of tuberculosis (TB) eradication to the Women in Mining South Africa (WIMSA) organisation –  an organisation which 3M believes represents “South Africa’s industrial heart.”... 

Anglo Coal boss urges industry to ensure mining-affected communities ‘feel they are better off’

By: Nadine James     4th May 2018 Anglo American Thermal Coal South Africa CEO July Ndlovu warned delegates at the 2018 Coalsafe conference that the industry had to deal with community uprisings, or “risk facing another Marikana”. During his keynote address at the April 19 event, Ndlovu noted that in the three months preceeding... 

Mineral-rich developing countries urged to have ‘more beneficial engagements’ with China

By: Nadine James     4th May 2018 South Africa and other mineral-rich developing countries with close economic links to China must reassess their trade policies to provide a buffer against fluctuating commodity demand, according to Witwatersrand University School of Mining Engineering postgraduate student Peaceful Mathebula and... 

Aussie mines cashing in as Chinese enviro crackdown shifts demand to high-grade iron-ore

By: Esmarie Swanepoel     4th May 2018 A renewed focus on environmental reforms and the accelerated restructure of its steel industry has resulted in a shift change in China’s iron-ore demand, with high-grade ores being given preferential treatment over their low-grade counterparts. The Australian Department of Industry, Innovation... 

Aussie mines cashing in as Chinese enviro crackdown shifts demand to high-grade iron-ore

Training needs to match high-tech demands

By: Donald Makhafola     4th May 2018 The fast-changing world of technology could be a significant challenge in the global mining industry in ensuring that graduates are equipped with the relevant skills and training to meet the changing demands of the Fourth Industrial Revolution, says the University of Witwatersrand‘s (Wits’)... 

Training needs to match high-tech demands
Photo by Creamer Media
HIGH TECH The University of the Witwatersrand School of Mining Engineering digital mining tunnel is part of the industry's initiatives to provide training in high technology

YPC promotes mining, metallurgy studies to learners

By: Donald Makhafola     4th May 2018 The Southern African Institute of Mining and Metallurgy (SAIMM) junior organisation the Young Professionals Council (YPC) is campaigning to attract high school learners to the mining and minerals industry, as well as influencing institutions of higher education to nurture students to successfully... 

MQA plans to review and develop 50 learning programmes

By: Donald Makhafola     4th May 2018 The Mining Qualifications Authority (MQA) has set a target to review and develop a total of 50 learning programmes in the 2018/19 financial year to remain at the cutting edge of new technology and skills development in the mining and mineral sector, in line with 2017/18 Sector Skills Plan (SSP).... 

MQA plans to review and develop 50 learning programmes
TEBOGO MMOTLA The Mining Qualifications Authority encourages mining companies to work in partnership with the training providers and public institutions to share skills, as well as best industry practice

Gold demand slows as investors grapple with unpredictable macroeconomic factors

By: Nadine James     3rd May 2018 Lacklustre investor performance, stemming from investors’ decision to embrace a “wait and see” approach in light of geopolitical uncertainty muddying growth and market outlooks, has contributed to soft first-quarter gold demand, the World Gold Council (WGC) reports. The WGC’s ‘Demand Trends’... 

 Gold demand slows as investors grapple with unpredictable macroeconomic factors

Hudbay posts wider profit

By: Henry Lazenby     3rd May 2018 Base metals producer Hudbay Minerals has reported a strong 314% improvement in first-quarter net profit to $41.4-million, or $0.16 a share, which came in below average analyst estimates of $0.18 a share. Revenues for the period grew nearly 50% to $386.66-billion, the Toronto-based company... 

Feasibility into zinc smelting, refining in Northern Cape

By: Martin Creamer     2nd May 2018 A feasibility study into the development and construction of a zinc smelter-refinery complex in the Northern Cape is under way, London-listed India-based Vedanta subsidiary Vedanta Zinc International (VZI) said on Wednesday. This is the latest step in the unfolding of what is envisaged as a major... 

Feasibility into zinc smelting, refining in Northern Cape
Photo by Creamer Media
Zinc project at Gamsberg, Northern Cape.

Kibo Mining issues 8.3m shares in settlement to Sanderson Capital Partners

By: Marleny Arnoldi     2nd May 2018 Aim- and AltX-listed energy and resources company Kibo Mining on Tuesday issued 8.3-million new shares, valued at €0.015 a share, to Sanderson Capital Partners as a partial settlement on the $568 712 drawn down under a December 2016 forward payment facility.  

PTM amends LMM loan facility

By: Simone Liedtke     2nd May 2018 Liberty Metals and Mining (LMM) and Platinum Group Metals (PTM) have agreed to amended credit terms for an existing secured loan facility. The amended terms include an agreement that PTM must raise a minimum of $20-million in subordinated debt and/or equity before May 15. 

ASIC launches more allegations against Rio

By: Esmarie Swanepoel     1st May 2018 The Australian Securities and Investment Commission (ASIC) has expanded its legal proceedings against mining major Rio Tinto an its former CEO Tom Albanese and former CFO Guy Elliott. ASIC in March launched legal action in the Federal Court against the company, Albanese and Guy, in relation to... 

Northwest Territories gets shortest end of straw as mining boosts Nunavut, Yukon economies

By: Henry Lazenby     1st May 2018 A lack of new mining projects in the development pipeline of Canada’s Northwest Territories (NT) is threatening to derail the region’s economic growth outlook, the latest ‘Territorial Outlook’ by The Conference Board of Canada (CBoC) has found. The independent Ottawa-headquartered think tank... 

Captive Canadian miners decry minister’s move on Bill C-49

By: Henry Lazenby     30th April 2018 Canadian miners are voicing frustration and concern over the federal government’s removal of a Senate amendment relating to final offer arbitration (FOA), and with its modification of an amendment giving the Canada Transportation Agency own-motion power, in Bill C-49 – legislation that amends the... 

Kubayi-Ngubane to unveil Mandela Mining Precinct

By: Nadine James     30th April 2018 Science and Technology Minster Mmamoloko Kubayi-Ngubane will deliver the keynote address at the launch of the Mandela Mining Precinct, a Mining Phakisa initiative aimed at reviving South Africa’s flagging mining sector, on May 4. The Mandela Mining Precinct is aimed at supporting local... 

Kubayi-Ngubane to unveil Mandela Mining Precinct
MMAMOLOKO KUBAYI-NGUBANE The minister will be joined by the Ministers of Mineral Resources, Trade and Industry and Planning, Monitoring and Evaluation

Discounts on professional fees a looming issue

By: Jessica Oosthuizen     27th April 2018 The issue of discounting the professional fees of consulting engineers, driven by public sector and private sector clients alike, is plaguing the sustainability of the consulting engineering industry, says voluntary association Consulting Engineers South Africa (Cesa) CEO Chris Campbell. “Would... 

Discounts on professional fees a looming issue
Photo by Knight Piésold Consulting
MINING OPTIMISATION Consulting engineers try to minimise the mining client’s total cost of ownership in the mining investment

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