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Diversified Miners News

MMEC conference outlook indicative of state of mining industry

By: Melissa Zisengwe     8th June 2018 The increase in international participation at the sixth edition of the Mozambique Mining, Energy and Natural Gas Conference (MMEC) reflected the state of the Mozambique mining industry, which is an emerging market, says event organiser AME Trade. The conference was held in Maputo on April 25 and... 

Lithium price may soften this year on ‘slight oversupply’ but EVs driving future optimism

By: Henry Lazenby     8th June 2018 The lithium price might be in for a rough ride this year, as a supply response might overshoot what the market actually needs, London-based pricing intelligence firm Metal Bulletin’s head of research William Adams tells Mining Weekly in an interview. “We see a slight lithium surplus coming this... 

Lithium price may soften this year on ‘slight oversupply’ but EVs driving future optimism

Mustang Resources finds more high-grade vanadium at Moz project

8th June 2018 Emerging multicommodity miner Mustang Resources’ latest assay results for the Caula vanadium/graphite project in northern Mozambique continue to underpin a strong economic outlook for the project, with the miner noting that a maiden vanadium resource is due soon. Mustang Resources announced last... 

Mustang Resources finds more high-grade vanadium at Moz project
HIGH-GRADE VANADIUM The latest assays indicate grades of up to 1.02% vanadium pentoxide and 24.2% total graphitic carbon

Resources, oil & gas sectors drive Australian GDP growth in Q1

By: Esmarie Swanepoel     7th June 2018 The resources and oil and gas sectors have continued to drive the Australian economy during the March quarter, with the Australian Bureau of Statistics (ABS) revealing that the sectors were the main drivers to a 1% increase in Australia’s gross domestic product (GDP) during the period. The... 

Resources, oil & gas sectors drive Australian GDP growth in Q1

Mandela Mining Precinct partner boasts simulation capabilities, serves as ‘test-bed’ for Mining 4.0 technologies 

By: Nadine James     7th June 2018 SiMINE @ Mandela Mining Precinct, located at Carlow Road in Johannesburg, effectively offers two core services – experiential mining simulation as well as a “test bed” for Mining 4.0 principles and systems – for the betterment of the industry, says SiMINE director Gary Lane. He explains that... 

Mandela Mining Precinct partner boasts simulation capabilities, serves as ‘test-bed’ for Mining 4.0 technologies
Gary Lane, Harry Sinko and Antony Mello discuss SiMINE's official launch.

BHP is said to get shale bids valuing unit at up to $9bn

By: Bloomberg     6th June 2018 BHP Billiton has received first-round bids for its US shale portfolio from oil majors including BP and Chevron, valuing the unit at $7-billion to $9-billion, people familiar with the matter said. Royal Dutch Shell, partnering with private equity firm Blackstone Group, also submitted a bid for the... 

BHP is said to get shale bids valuing unit at up to $9bn

South Africa’s commodity sector continues to suffer, despite favourable market conditions

By: Simone Liedtke     5th June 2018 While favourable market conditions, higher commodity prices and strong internal discipline will produce increased liquidity and balance sheet strength for miners this year, advisory firm PwC Africa energy, utilities and resources leader Michal Kotzé believes South Africa’s commodity sector will... 

Premier African secures $300 000 loan

By: Marleny Arnoldi     5th June 2018 Aim-listed Premier African Minerals (Pam) has entered into a loan agreement with a company, owned by a trust of which its CEO George Roach is a beneficiary, for a gross value of $300 000. The loan will provide additional general working capital, while the company looks to bring finality to the... 

South32 turns its eye to Mexico

By: Esmarie Swanepoel     5th June 2018 Diversified miner South32 has signed an agreement with Canada’s Silver Bull Resources that could result in a $100-million investment in a Mexican zinc project. The TSX-listed Silver Bull has granted South32 the option to form a 70/30 joint venture (JV) over the Sierra Mojada project. The... 

Top global miners’ profits to rise to $76bn in 2018

By: Esmarie Swanepoel     5th June 2018 New data from advisory firm PwC has found that that the top global mining companies were reaching near boom profits, with net profits up 126% in the last year. Net profits for the top 40 mines reached $61-billion in 2017, and is forecast to climb further to $76-billion in 2018. 

Top global miners’ profits to rise to $76bn in 2018

BHP Escondida mine workers in Chile start new wage talks

By: Reuters     2nd June 2018 The union of workers at BHP's Escondida copper mine in Chile said on Friday it had kicked off the latest round of labor negotiations with a contract proposal that includes a bonus of about $34,000 per worker at the world's largest copper mine. The closely-watched talks come little more than one... 

Tawana shareholders to vote on proposed demerger of noncore assets in July

By: Simone Liedtke     1st June 2018 Shareholders of ASX- and JSE-listed Tawana Resources will vote on the proposed demerger of the company’s noncore assets on July 6. The proposed demerger, first announced in March, will involve a capital reduction and distribution which will be satisfied by an in-specie distribution of 85% of the... 

Stibnite ore dryer project finalised

By: Paige Müller     1st June 2018 South Africa-based furnace and kiln manufacturer Thermopower Furnaces SA plans to complete the final commission of a recently completed 15 t/h stibnite concentrate ore dryer installation within the first half of this year. The furnace installation was performed for a global engineering,... 

Stibnite ore dryer project finalised
REQUIRED PROJECT The stibnite ore dryer project is for a global engineering, procurement and construction management company working on a minerals processing project in the Middle East

Company equipped to capitalise on strengthening market

By: Tasneem Bulbulia     1st June 2018 With the materials, bulk handling and logistics market “largely improved” over the past two years, drive engineering specialist SEW-EURODRIVE South Africa is capitalising on the opportunities this provides, building on its entrenched role and successes, SEW branch manager Jonathan McKey tells... 

Custom-designed chutes required for bulk materials handling

By: Tasneem Bulbulia     1st June 2018 Transfer chute systems form an integral part of bulk materials handling applications, and it is important that they meet the specific requirements of individual mining houses, says Germiston-based material transfer solutions provider Weba Chute Systems technical director Alwin Nienaber. Bulk... 

Custom-designed chutes required for bulk materials handling
TRANSFER WINDOW The Weba Chute System is a custom engineered transfer point solution designed to address the numerous issues plants face with material movement

Lift truck company’s Pietermaritzburg branch up and running

1st June 2018 Material handling solutions provider Goscor Lift Truck Company’s (GLTC’s) recently expanded Pietermaritzburg facility symbolises the most important tenet of its philosophy –to ensure that the company does whatever it takes to ensure the best possible service for its clients. This division falls... 

‘Law does not adequately protect pregnant women working in risk environments’

By: Nadine James     1st June 2018 The legislature should amend the Unemployment Insurance Act (UIA) to protect pregnant employees working in risk environments, says Cliffe Dekker Hofmyer employment practice director Fiona Leppan. She says South African legislation does not provide adequate protection for pregnant women working in... 

‘Law does not adequately protect pregnant women  working in risk environments’
FIONA LEPPAN If the Unemployment Insurance Act were to be amended, it should address situations where pregnant women would be prejudiced because of the work environment – not because they are pregnant

Sentiment dampens as Charter, MPRDA deadline commitments are postponed

By: Nadine James     1st June 2018 The positive sentiment stemming from the appointment of President Cyril Ramaphosa, and the subsequent appointment of Mineral Resources Minister Gwede Mantashe has dampened recently as Mantashe pushed out the finalisation of the Mining Charter and lodged an application for leave to appeal against... 

Sentiment dampens as Charter, MPRDA deadline  commitments are postponed
WARREN BEECH Hogan Lovells’ Mining head believes Minerals Resources Minster Mantashe’s credibility has been adversely impacted by some of his recent comments

Canada to impose tariffs on US, challenge at WTO

By: Reuters     31st May 2018 Canada will impose retaliatory tariffs on C$16.6-billion worth of US exports and challenge US steel and aluminum tariffs under the North American Free Trade Agreement and the World Trade Organisation (WTO), Canadian Foreign Minister Chrystia Freeland said on Thursday. The Canadian tariffs are... 

Oil & gas, mining industries anxious about top brass succession planning

By: Henry Lazenby     31st May 2018 There is real anxiety in the oil and gas and mining industries regarding the lack of aptitude to replace an ageing top-level management talent pool, Stephen Diotte, partner and head of leadership services for Odgers Berndtson tells Mining Weekly Online. He recently joined the executive search... 

Oil & gas, mining industries anxious about top brass succession planning

Miners expect to weather one-day Canadian Pacific rail worker strike

By: Henry Lazenby     31st May 2018 A one-day strike by Canadian Pacific (CP) Railway engineers and conductors is not expected to have a lasting impact on Canada’s mining operations, the Mining Association of Canada (MAC) said on Wednesday. Members of Teamsters Canada Rail Conference (TCRC) downed tools on Tuesday night following... 

Miners expect to weather one-day Canadian Pacific rail worker strike

S&P’s raises Glencore’s long-term issuer credit rating to BBB+

By: Marleny Arnoldi     30th May 2018 Ratings agency Standard & Poor’s (S&P’s) has raised its long-term issuer credit rating on global diversified miner Glencore and its related entities to ‘BBB+’ from ‘BBB’, with a stable outlook.  

S&P’s raises Glencore’s long-term issuer credit rating to BBB+

Namibia Rare Earths changes name to reflect broader commodity base

By: Anine Kilian     30th May 2018 TSX­-V-listed Namibia Rare Earths has changed its name to Namibia Critical Metals. “The company changed its name to more accurately reflect the recently expanded commodity base from solely rare earths to include a variety of highly critical commodities, including cobalt, copper, vanadium, zinc,... 

Miners warn Congo it faces $3bn revenue loss over law

By: Bloomberg     30th May 2018 Mining companies in the Democratic Republic of Congo told the government it will lose more than $3-billion over a decade and face legal action if plans to implement a new industry code proceed. Miners including Glencore and Randgold Resources are demanding the government abandon aspects of the... 

Ivanhoe installs new crusher at Kipushi mine

By: Anine Kilian     30th May 2018 Canadian exploration and development company Ivanhoe Mines has installed a large-capacity rock crusher 1 150 m below surface at its upgraded Kipushi zinc/copper/silver/germanium mine, in the Democratic Republic of Congo (DRC). The crusher has a maximum capacity of 1 085 t/h. After the 54 t... 

Ivanhoe installs new crusher at Kipushi mine
Photo by Creamer Media
Ivanhoe chairperson Robert Friedland

Japan’s Sojitz to buy BHP-Mitsubishi mine for A$100m

By: Esmarie Swanepoel     30th May 2018 BHP Mitsubishi (BMA) has announced the sale of the Gregory Crinum coking coal mine, in Queensland, to Japan’s Sojitz Corporation for A$100-million. The six-million-tonne-a-year mine was placed under care and maintenance in January 2016. 

Japan’s Sojitz to buy BHP-Mitsubishi mine for A$100m

Brazil truckers strike having limited impact on Vale operations – CEO

By: Reuters     30th May 2018 A strike by Brazilian truckers to protest a hike in diesel prices has had a limited impact on operations at Vale, the world's top iron-ore producer, but could worsen if the strike continues, CEO Fabio Schvartsman said on Tuesday. Speaking at an event in Sao Paulo, Schvartsman also said he saw a... 

Agarwal wants to build Indian commodity giant to rival majors

By: Bloomberg     25th May 2018 Billionaire industrialist Anil Agarwal plans to leave behind a legacy: an Indian resources group to rival the world’s biggest. The founder and owner of Vedanta Resources wants to keep building the company into a giant producer of the commodities that India needs to curb its reliance on imports,... 

Agarwal wants to build Indian commodity giant to rival majors
Vedanta chairperson Anil Agarwal

Ivanhoe Mines’ SA, DRC projects progressing well

25th May 2018 Canadian mining exploration and development company Ivanhoe Mines’ Democratic Republic of Congo (DRC) exploration team is continuing with its regional drilling programme that is targeting the Kamoa-Kakula-style copper mineralisation on its exploration licences in the west of the Kamoa-Kakula... 

Ivanhoe Mines’ SA, DRC projects progressing well
PROJECT DEVELOPMENT Ivanhoe Mines is advancing its Platreef platinum/palladium/nickel/copper/gold discovery in South Africa

Junior miners could successfully navigate challenges in changing energy, resources market

25th May 2018 Recovering commodity prices, renewed optimism in the mining sector, and diversified ownership of Tier 1 mining companies are opening up opportunities for emerging and junior miners to enter the industry, says engineering consultancy company WorleyParsons RSA CEO Denver Dreyer. He explains that... 

Junior miners could  successfully navigate  challenges in changing  energy, resources market
DENVER DREYER The biggest challenge that junior miners face is access to funding

Stable first-quarter results for zinc, lead

By: Nadine James     25th May 2018 The first quarter of 2018 (Q1) saw marginal increases in demand and supply of both zinc and lead metal, according to a report compiled by the International Lead and Zinc Study Group (ILZSG). In the report, released last week, the organisation noted that demand for refined zinc metal increased by... 

Junior miners set to capitalise on ‘new dawn’

By: Donald Makhafola     25th May 2018 There is a mood of optimism sweeping across the country following the election of Cyril Ramaphosa as the President of South Africa and the appointment of Gwede Mantashe as the Minister of Mineral Resources, with the junior mining sector hoping to capitalise on this through proactive initiatives... 

Junior miners set to capitalise  on ‘new dawn’
Photo by African Sun Mining
NEW DAWN Junior miners in South Africa are hoping to get sufficient government support and attract investment, following the election of President Cyril Ramaphosa

IronRidge appoints new chairperson

By: Anine Kilian     24th May 2018 Neil Herbert has been appointed nonexecutive chairperson of Aim-listed IronRidge Resources with immediate effect. He succeeds Nick Mather, who will remain on the board as a nonexecutive director. 

Resources Watch  

24th May 2018 Learning opportunity on mining training’s competitive edge And, consolidation needed to save jobs 

Resources Watch
Resources Watch

Newly named Minerals Council South Africa welcomes board members

By: Nadine James     23rd May 2018 Minerals Council South Africa (MCSA) president Mxolisi Mgojo noted that all of the council’s previous office bearers had been re-elected at the 128th annual general meeting. During his address, Mgojo thanked Kalagadi Manganese chairperson Daphne Mashile-Nkosi, who retired from MCSA board duties... 

Mantashe considers invoking ‘use it or lose it’ principle for mines under care and maintenance

By: Nadine James     23rd May 2018 Speaking at the official unveiling of the rebranded Minerals Council South Africa (previously the Chamber of Mines), on Wednesday, Mineral Resources Minister Gwede Mantashe noted that he and the Department of Mineral Resources (DMR) were unenthusiastic, but willing to make use of the 'use it or... 

Mantashe considers invoking ‘use it or lose it’ principle for mines under care and maintenance
Photo by Dylan Slater
Mineral Resources Minister Gwede Mantashe

Chamber of Mines hopes to embark on new era rebranding as Minerals Council South Africa

By: Nadine James     23rd May 2018 The Chamber of Mines has rebranded and is now the Minerals Council South Africa (MCSA) in line with its quest to reposition the sector as South Africa’s  preeminent industrial sector, while building a new legacy and creating a “future that all South African can be proud of,” MCSA president... 

Chamber of Mines hopes to embark on new era rebranding as Minerals Council South Africa
Photo by Dylan Slater
MCSA president Mxolisi Mgojo and Mineral Resources Minister Gwede Mantashe

Fraser-Moleketi, Mphatlane to join Exxaro board

By: Anine Kilian     23rd May 2018 Geraldine Fraser-Moleketi, Mark Moffett and Isaac Mphatlane will join diversified miner Exxaro Resources’ board, following the retirement of directors Len Konar, Con Fauconnier and Saleh Mayet at the miner’s annual general meeting on Thursday. Fraser-Moleketi is a fellow of the Institute of... 

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