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Diversified Miners News

Orion equipping communities to benefit from and contribute to its Prieska project

By: Nadine James     9th November 2018 ASX and JSE listed base metals developer, Orion Minerals, has put a big focus on equipping and enabling the communities surrounding its Prieska Zinc-Copper Project, Northern Cape, to benefit from, and contribute to, the development of a modern, mechanised and productive mining operation, says... 

Mining, metals industry anticipated to see spike in M&A activity in 2019

By: Marleny Arnoldi     8th November 2018 Global mining and metals deal appetite remained subdued in the third quarter amid ongoing geopolitical uncertainty, advisory firm EY notes in its latest ‘Mergers, Acquisitions and Capital Raising’ report. However, EY’s global capital confidence barometer (CCB) survey indicated the sector could... 

Mining, metals industry anticipated to see spike in M&A activity in 2019

Mining production down 1.8% y/y in September, led by lower gold output 

By: Marleny Arnoldi     8th November 2018 Mining production decreased by 1.8% year-on-year in September, with the largest negative contributor being gold production with a decline of 19% and contributing -3.1 percentage points. The largest positive contributor was platinum-group metals (PGMs), which had a 7.2% production increase,... 

Mining production down 1.8% y/y in September, led by lower gold output

BHP execs call for openness and alliances to prevent trade rift damage

By: Esmarie Iannucci     8th November 2018 Diversified major BHP has called for open communication as global trade tensions intensified. The call comes as the US and Chinese governments ready for a stand-off, with both countries escalating tariffs on imports. Speaking at the company’s annual general meeting on Thursday, CEO Andrew... 

Anglo finds returns outweigh risks as it renews Africa focus 

By: Bloomberg     7th November 2018 Anglo American is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns. The storied mining company, founded by Ernest Oppenheimer in Johannesburg a century ago, is devoting a third of its exploration budget to the continent,... 

Anglo finds returns outweigh risks as it renews Africa focus
Anglo American CEO Mark Cutifani

Anglo American recommits to sustainable development goals, sets milestones for 2020, 2030  

By: Simone Liedtke     5th November 2018 The mining industry has to address the critical challenges of safety, productivity and the way land is used, as well as how energy and water are consumed as, alongside a growing population, there is greater demand for minerals and metals. However, meeting the growing demand for the materials that... 

Anglo American recommits to sustainable development goals, sets milestones for 2020, 2030
Anglo American South Africa executive head Andile Sangqu speaks to Mining Weekly Online about the miner's Sustainable Development Goals, and what it hopes to achieve with these. Video and Editing: Nicholas Boyd

BHP returns $10.4bn of US asset sale proceeds to shareholders

By: Esmarie Iannucci     1st November 2018 Mining major BHP has completed the sale of its Eagle Ford, Haynesville and Permian onshore US oil and gas assets, for $10.5-billion and on Thursday announced that it would return $10.4-billion to shareholders. BHP in July this year announced the sale of its onshore US oil and gas assets for a... 

BHP returns $10.4bn of US asset sale proceeds to shareholders

MC Mining, industry reinvention and EVs in mining  

31st October 2018 Mining Weekly editor Martin Creamer discusses MC Mining’s coking coal offtake agreement, the need for the industry to reinvent itself and electric vehicles being used underground. 

MC Mining, industry reinvention and EVs in mining
MC Mining, industry reinvention and EVs in mining

Glencore hikes coal cost savings forecast by 50%

By: Reuters     31st October 2018 Recent mine acquisitions have helped Glencore Plc achieve 50% more cost savings in its coal business than it had targeted, the world's biggest exporter of coal for power plants said on Wednesday. Glencore had expected to achieve annual cash savings of more than $300-million in its coal business... 

Glencore hikes coal cost savings forecast by 50%

Rio CEO says mining industry has to reinvent itself 

By: Esmarie Iannucci     30th October 2018 Diversified miner Rio Tinto has called for a reinvention of the resources industry, in order to fit into a modern world. Speaking at the International Mining and Resources Conference (IMARC) in Melbourne, Rio CEO Jean-Sebastian Jacques said on Tuesday that the resource industry’s vision had to be... 

Rio CEO says mining industry has to reinvent itself
Rio Tinto CEO Jean-Sebastian Jacques

BHP trims forecasts for US, China GDP growth due to trade conflict

By: Reuters     30th October 2018 The world's biggest miner BHP Billiton has trimmed its expectations of global growth for next year and 2020 due to a "lose-lose" result from the US-China trade conflict, a senior executive said on Tuesday. BHP's modelling suggested the trade row would cut both Chinese and US GDP growth by about... 

Spend don't splurge, investors tell miners as M&A, capex surge

By: Bloomberg     29th October 2018 The world’s biggest miners are cranking up spending for the first time in half a decade as well as pursuing more takeovers – and investors are flashing hazard lights as commodities prices slide and as doubts swirl over the outlook. Capital expenditure among the ten largest metals and mining... 

Spend don't splurge, investors tell miners as M&A, capex surge

Glencore reports higher Q3 copper, cobalt output on Katanga restart 

By: Marleny Arnoldi     26th October 2018 Global diversified miner Glencore, which is led by CEO Ivan Glasenberg, produced 1.06-million tonnes of copper in the third quarter ended September 30 – a 12% year-on-year improvement. Additionally, the company produced 28 500 t of cobalt, which is 44% higher than that produced in the third... 

Glencore reports higher Q3 copper, cobalt output on Katanga restart
Photo by Creamer Media
Glencore CEO Ivan Glasenberg

Vedanta says investing $700m to $800m in South Africa smelter

By: Reuters     26th October 2018 Diversified miner Vedanta is investing up to $800-million in a zinc smelter in South Africa, the head of its zinc unit Deshnee Naidoo said at an investment summit in Johannesburg on Friday. Andile Sangqu, executive head of Anglo American South Africa, added at the same summit that his firm would... 

New lease on life for Leeuwpan

26th October 2018 Diversified miner Exxaro Resources’ Leeuwpan opencast coal mine, in Mpumalanga, was at risk of running out of coal, until last month a new road gave it access to coal reserves. “Leeuwpan needed to develop an area where it could mine another 5.1-million tons a year to extend its life by a further... 

New lease on life  for Leeuwpan
LEEUWPAN MINE Leeuwpan needed to develop an area where it could mine another 5.1-million tons a year to extend its life by a further ten years

Rio Tinto and partners to invest $1.5bn in Pilbara

26th October 2018 Diversified mining company Rio Tinto and its Pilbara joint venture (JV) partners Japanese group Mitsui and steel producer Nippon Steel & Sumitomo Metal have approved a $1.55-billion investment to sustain production capacity at two iron-ore projects that form part of the Robe River JV, in Western... 

Rio Tinto and  partners to invest $1.5bn in Pilbara
WEST ANGELAS Rio Tinto is investing $307-million in developing Deposits C and D at the existing West Angelas opencast iron-ore operation

Some aspects of new Mining Charter ‘still need to be explained’

By: Nadine James     26th October 2018 The gazetting of South African Mining Charter 3, while welcomed as a step forward in creating certainty in the industry, has left gaps regarding its interpretation and its affects on mining communities, says black economic-empowerment advisory firm NPI Governance Consulting founder and CEO Israel... 

Some aspects of new Mining Charter ‘still need to be explained’
ISRAEL NOKO It will take some time for municipalities and tribal authorities to know and understand what role they would be playing according to the new charte

Industry 4.0 won’t be a death knell for mining jobs, but will require reskilling

By: Natasha Odendaal     26th October 2018 The rapid developments around the concept of the mine of the future and the Fourth Industrial Revolution (4IR) are sending mixed reactions over jobs in what is a struggling sector. However, stalling or adopting what is inevitable, in a slow fashion, will deliver penalties for the economy on an... 

Industry 4.0 won’t be a death knell for mining jobs, but will require reskilling

MTBPS highlights 

25th October 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the main issues discussed by Finance Minister Tito Mboweni during his maiden Medium-Term Budget Policy Statement speech on Wednesday. 

MTBPS highlights
MTBPS highlights

South32 foresees short-term volatility, but long-term growth, sustainability 

By: Schalk Burger     25th October 2018 Diversified mining and metals company South32 on Thursday forecast short-term price volatility for the commodities it produces, but also highlighted its strong cash position and its work to further optimise its global portfolio of assets. In a speech delivered at the company’s 2018 annual general... 

US Justice Dept demands details from Glencore on intermediary firms – sources

By: Reuters     23rd October 2018 The US Department of Justice is seeking documents from Glencore about intermediary companies that the commodities firm has worked with in the Democratic Republic of Congo, Venezuela and Nigeria, sources familiar with the matter said. The investigation is not directed at Glencore's own activities... 

Anglo’s portfolio performs well in Q3  

By: Nadine James     23rd October 2018 Diversified miner Anglo American’s focus on driving efficiency and productivity across the business resulted in another strong quarter, with volumes for the third quarter 1% higher year-on-year, Anglo CE Mark Cutifani commented on Tuesday. “Production per employee has increased by 5% [so far this... 

Anglo’s portfolio performs well in Q3
Photo by Bloomberg
Anglo American CE Mark Cutifani

Brazilian pension fund Previ won't sell Vale shares before year end

By: Reuters     23rd October 2018 Brazilian pension fund Previ, one of iron ore miner Vale SA's largest shareholders, will not sell part of its stake before the year ends, its CEO said on Monday. Speaking on the sidelines of a conference in Rio de Janeiro, CEO Jose Mauricio Coelho said the fund intended to reduce its stake in... 

Glencore CEO said to tell investors he'll retire in 3 to 5 years  

By: Bloomberg     22nd October 2018 Ivan Glasenberg, who built Glencore into a dominant force in commodities trading and became the face of the industry, told investors he plans to retire in three to five years, according to people familiar with the matter. Glasenberg discussed his succession plan in recent meetings and said he has... 

Glencore CEO said to tell investors he'll retire in 3 to 5 years
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Merafe Resources says output from joint venture with Glencore up 20%

By: African News Agency      19th October 2018 Mining company Merafe Resources said on Friday its ferrochrome production from the Glencore Merafe Chrome Venture for the third quarter ended 30 September 2018 increased by 20% to 84 000 t compared with the same period in 2017. Merafe said the increase was as a result of less planned maintenance... 

Marginal increases in lead, zinc demand expected in 2019

By: Nadine James     19th October 2018 In a report released last week, the International Lead and Zinc Study Group forecast that there would be marginal increases in demand for lead and zinc in 2019.  The ILZSG forecasts that global lead demand will  rise by  0.7% to 11.79-million tonnes in 2019, compared with the 11.71-million tonnes... 

Marginal increases in lead, zinc demand expected in 2019
Photo by Bloomberg
USURPER Lead demand is expected to fall on the back of increased lithium-ion battery penetration and slower growth in the automotive sector

SRK Ghana expanding into other West African markets

By: Nadine James     19th October 2018 As the economic mood in the global mining industry turns towards the better, SRK Consulting’s Accra office, in Ghana, has been making inroads into new markets in Côte d’Ivoire and Togo, SRK Ghana country manager John Kwofie noted in a release last week. He believes that there is potential for... 

SRK Ghana expanding into other West African markets
JOHN KWOFIE The Ghana office is a springboard to other countries in the region

Synfuels, manganese production train and Morila mine make headlines  

18th October 2018 This week Mining Weekly editor Martin Creamer unpacks South Africa’s synfuels know-how, Transnet’s manganese production train and Morila mine’s agribusiness conversion. 

Synfuels, manganese production train and Morila mine make headlines
Synfuels, manganese production train and Morila mine make headlines

Resources Watch  

18th October 2018 Plea for government to awaken to massive economic potential of mining and, Chinese delegation to witness proudly South African logging system 

Resources Watch
Resources Watch

Zambia's finance minister says new mining taxes will not hit operations

By: Reuters     18th October 2018 Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes in Africa's No.2 copper producer, its finance minister said on Wednesday. Zambia plans to introduce new mining duties, replace Value Added Tax with sales tax and increase... 

South32 reports strong manganese and coking coal performance 

By: Esmarie Iannucci     18th October 2018 Diversified miner South32 on Thursday reported a record quarter at its Australian manganese operations, while metallurgical coal production was up 39% on the previous quarter. “Annual production guidance is maintained for all our operations, with Australia manganese achieving another quarterly... 

South32 reports strong manganese and coking coal performance
South32 CEO Graham Kerr

BHP iron-ore output up, FY copper guidance trimmed

By: Esmarie Iannucci     17th October 2018 Diversified giant BHP has reported increases in copper and iron-ore production during the three months to September, while petroleum and coal production fell. Iron-ore production for the three months to September was up by 10% on the previous corresponding period, to 61-million tonnes of ore,... 

BHP iron-ore output up, FY copper guidance trimmed
Photo by Bloomberg
BHP CEO Andrew Mackenzie

Honeywell, ERG to collaborate on mine efficiencies

By: Marleny Arnoldi     16th October 2018 NYSE-listed Honeywell and Eurasian Resources Group (ERG) have signed a memorandum of understanding (MoU) to develop innovative technologies that will increase productivity at ERG’s operations in Kazakhstan, Brazil and several African countries. Under the terms of the MoU, Honeywell will... 

Rio Tinto copper output jumps; iron-ore, aluminium production slip

By: Esmarie Iannucci     16th October 2018 Diversified major Rio Tinto has reported lower production across nearly all its commodities, besides copper, in the three months to September. “We have delivered consistent operational performance in the third quarter, highlighted by strong production from the group’s copper assets,” Rio CEO... 

Rio Tinto copper output jumps; iron-ore, aluminium production slip

Exxaro looks to fill Eskom coal shortage

By: Reuters     12th October 2018 Exxaro Resources said on Friday it was looking to supply coal to state-owned power utility Eskom, which has been hit by supply shortages, posing a threat to the power supply in Africa's most industrialised economy. Eskom, which has fewer than 20 days of coal supply at 10 of its power stations,... 

Congo miners seek concessions in new code as arbitration on hold

By: Bloomberg     12th October 2018 Miners in the Democratic Republic of Congo are seeking concessions under the nation’s new industry code and holding off challenging it through arbitration, in the hope they can still wring out a compromise in the world’s main source of cobalt and Africa’s biggest copper producer. Producers... 

Congo miners seek concessions in new code as arbitration on hold
Kibali gold mine

Ore Corp increases shareholding

12th October 2018 Australian development company Ore Corp received approval from the Tanzanian Fair Competition Commission (FCC) to increase its interest in the Nyanzaga Mining Company Limited (NMCL) to 51%. However, the move remains subject to the approval of the newly established Mining Commission. The... 

Ore Corp increases shareholding
GOLD FUTURE Ore Corp is looking to increase its gold portfolio with an increasing shareholding in the Nyanzaga Mining Company Limited

Mining Indaba intensely focused on driving capital into African mining 

By: Martin Creamer     11th October 2018 An investment pavilion will be introduced at the upcoming Investing in African Mining Indaba to drive capital into African mining with even greater intensity, MD Alex Grose said on Thursday. Speaking to Mining Weekly Online during a media roundtable, Grose also revealed that more time would be... 

Mining Indaba intensely focused on driving capital into African mining
Investing in African Mining Indaba MD Alex Grose spoke to Mining Weekly Online’s Martin Creamer about the upcoming event. Video, Video Editing and Photographs: Darlene Creamer

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