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Diversified Miners News

Rio Tinto produces more iron-ore and coal, but cuts copper guidance

By: Esmarie Swanepoel     17th October 2017 Diversified major Rio Tinto has reported increased production across its iron-ore and coal assets, but has adjusted its copper output expectations for the full year on the back of delays at the Escondida operation. “The business performed very well in the September quarter, with a strong... 

Exploration, junior culture needed to save mining – Bristow 

By: Martin Creamer     16th October 2017 Unless South Africa starts exploring again and finds new ore deposits, the country will continue to turn out the lights of the mining sector. With poor policy added, disinvestment and lack of interest will ultimately stop South Africa’s mining industry in its tracks, which will deal a colossal... 

Exploration, junior culture needed to save mining – Bristow
Top resources consultant Dr John Bristow outlines the urgent need for exploration to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Billionaire Agarwal increases stake in Anglo American to 19%

By: Bloomberg     13th October 2017 Billionaire Anil Agarwal has increased his stake in Anglo American to 19%, making him the biggest shareholder in the London blue-chip mining company. Agarwal’s Volcan Holdings Plc bought 102.2-million shares in Anglo, according to a regulatory filing Friday. The Indian billionaire, who said last... 

Billionaire Agarwal increases stake in Anglo American to 19%
Photo by Bloomberg
Anil Agarwal

South32 restarts Appin following broader Illawarra review

By: Esmarie Swanepoel     13th October 2017 Diversified miner South32 will restart production at its Appin mine, in New South Wales, following a review into its Illawarra metallurgical coal operating systems and processes. The company on Friday said that it had completed remedial actions at Appin to safely and sustainably restart... 

Product tackles inclement conditions, improves productivity

By: Nadine James     13th October 2017 One of the biggest challenges facing the mining industry with regard to its motors, gear drives and belt drives is protection from adverse weather conditions and the resulting ingress of dust and moisture, says pumps manufacturer Australian Pumps, commonly known as Aussie Pumps. “In the Pilbara,... 

Product tackles inclement conditions, improves productivity
COMPREHENSIVE PROTECTION Envelop covers protect key assets from dust, corrosion, heat and ultraviolet light, reducing the cost of maintenance

Changes bring about new product lines, enhanced solutions

By: Nadine James     13th October 2017 Power transmission components supplier Altra Industrial Motion South Africa (SA) has undergone numerous changes in the past couple of years, incorporating new brands and aligning its product and service offering with that of its parent company of the same name, says Altra Industrial Motion SA GM... 

Changes bring about new product lines, enhanced solutions
EFFECTIVE SOLUTION One of the company's more distinctive solutions includes a braking system supplied for a chairlift at a platinum mine in 2013

Company highlights cost benefit of brand

By: Nadine James     13th October 2017 Bearings and power transmission product distributor Bearings International (BI) – a member of Hudaco Group – highlights the cost benefits of its KML bearings offering amid local economic conditions. The current economic climate, characterised particularly by the suppressed mining sector, has... 

Company highlights cost benefit of brand
KML BALL BEARING UNITS The KML brand caters for an array of applications, including automotive, materials handling and processing equipment

High-quality, regular maintenance enables multiple engine overhauls

     13th October 2017 Users of plant equipment driven by diesel engines can look forward to many more years of economical operation if they understand that modern engines are designed for two, three or more ‘new lives’ between overhauls, says specialist diesel engine component remanufacturer Metric Automotive... 

High-quality, regular maintenance  enables multiple engine overhauls
NEW LEASE ON LIFE Beyond their first overhaul at about 15 000 hours, most diesel engines are designed to be overhauled several times

Shaft alignment tool benefits discussed

     13th October 2017 All rotating machinery is susceptible to misalignment and the conventional methods of measuring alignment, such as rulers and dial indicators, are outdated and inaccurate, says industrial equipment supplier Comtest Group. The company points out that these methods could result in inadequate... 

Shaft alignment tool  benefits discussed
LASER PECISION Unlike the straight-edge method or dial indicators, Fluke’s 830 performs complicated alignment calculations automatically

Mining licence submitted for Fungoni

     13th October 2017 ASX-listed Strandline Resources has submitted the mining licence application for its Fungoni heavy mineral sands (HMS) project, in Tanzania, to the Ministry of Energy and Minerals. The application has been prepared in light of the advanced engineering work conducted to date as part of the... 

Self-starters share secrets to success in the South African mining sector

By: Ilan Solomons     13th October 2017 There are many ways for entrepreneurs to enter the mining industry, including as project developers, service providers and product suppliers – all of which hold great opportunities and challenges, states mining investment advisory company MX Mining Capital Advisors director Dr Mike Seeger. The... 

Self-starters share secrets to success  in the South African mining sector

Resources Watch  

     12th October 2017 This week: Chamber of Mines stands by its decision to boycott gala dinner; Rip up charter, provide tax incentives, back junior miners, says Maimane And, ANC will heed Joburg Indaba call for removal of Minerals Minister, says Mkhize 

Resources Watch
Resources Watch

PIC said to mull backing bid for Chevron's South Africa Unit

By: Bloomberg     12th October 2017 Africa’s biggest fund manager is interested in taking part in the acquisition by Glencore and a group of black South African-owned companies of Chevron Corp.’s assets in the country, according to three people familiar with the matter. The Public Investment Corporation (PIC), which manages the... 

PIC said to mull backing bid for Chevron's South Africa Unit

South Africa should consider agromining – US professor 

By: Martin Creamer     11th October 2017 South Africans, who have been mining for metals for more than a century, were this week urged to farm for metals. South African-born Stephen Haggerty, a distinguished research professor of Florida International University in the US who spoke to Mining Weekly Online while in Johannesburg, outlined... 

South Africa should consider agromining – US professor
Florida International University distinguished research professor Stephen E Haggerty talks to Mining Weekly Online’s Martin Creamer on the potential to farm for metals. Photographs: Duane Daws. Video and Video Editing: Lionel de Silva.

ARM appoints two nonexecutive directors

By: Martin Creamer     11th October 2017 Diversified mining company African Rainbow Minerals (ARM) on Wednesday announced the appointment of two new nonexecutive directors. They are David Noko, who has been appointed as an independent nonexecutive director, and Jan Steenkamp, who has been appointed as a nonexecutive director. 

ARM appoints two nonexecutive directors
David Noko

Exxaro sells Tronox shares for R6.5bn

By: Martin Creamer     11th October 2017 Diversified mining company Exxaro Resources has completed the sale of a portion of its shareholding in American mineral sands company Tronox for R6.5-billion. Exxaro, headed by CEO Mxolisi Mgojo, said on Wednesday that it had raised $474-million from the sale of 22 425 000 class A ordinary shares... 

Exxaro sells Tronox shares for R6.5bn
Photo by Duane Daws
Exxaro CEO Mxolisi Mgojo

Gamsberg zinc prestrip close to halfway mark – Vedanta

By: Martin Creamer     10th October 2017 The prestripping of waste rock at the Gamsberg zinc mine project in the Northern Cape is close to the halfway mark, Vedanta Resources reported on Tuesday, when its interim CEO Kuldip Kaura described as “strong” the quarterly production performances of the London-listed, India-rooted mining... 

Gamsberg zinc prestrip close to halfway mark – Vedanta
Photo by Duane Daws
Activity at the Gamsberg zinc mine project.

South African mining industry still not spending enough on R&D

By: Mia Breytenbach     6th October 2017 While South Africa has increased its investment in mining research and development (R&D) since 2014, the country’s investment is still below that of its peers, delegates heard during a panel discussion on ‘Technological Innovation and Advancements in the Mining Industry’ at the Joburg Indaba, on... 

South African mining industry still not spending enough on R&D
Photo by Duane Daws
DRA Group CEO Wray Carvelas

Strong sentiments from 2017 Joburg Indaba  

     6th October 2017 This year’s Joburg Indaba kicked off with strong sentiments from government and industry players. Mining Weekly editor Martin Creamer attended speaks to Creamer Media's Sashnee Moodley about the highlights. 

Strong sentiments from 2017 Joburg Indaba
Strong sentiments from 2017 Joburg Indaba

Steelmaking commodities, thermal coal prices to buoy Australian export earnings

By: Esmarie Swanepoel     6th October 2017 The Australian government is forecasting record resources and energy exports in 2017/18, but says exports will decline in 2018/19. The Industry, Innovation and Science department forecasts resources and energy exports of A$211-billion in the current financial year and exports of A$201-billion... 

Steelmaking commodities, thermal coal prices to buoy Australian export earnings

New chairperson for Wits rock engineering department

By: Ilan Solomons     6th October 2017 As a leading school in the field of rock engineering, the University of the Witwatersrand (Wits) School of Mining Engineering has appointed Professor Rudrajit Mitra as centennial chairperson of the school’s rock engineering department. He joins Wits from the University of New South Wales (UNSW)... 

New chairperson for Wits rock  engineering department
Photo by Wits School of Mining Engineering
RUDRAJIT MITRA He has published widely in the field of rock mechanics and rock engineering, particularly focusing on underground coal mining

Large and small miners announce, plan contract awards for Moz projects

By: Keith Campbell     6th October 2017 Brazilian mining group Vale has awarded Mota-Engil Africa a $445-million contract to supply mining services to the Moatize coal mine, in Mozambique’s Tete province, the Macauhub news agency has reported. Mota-Engil Africa is a subsidiary of the Portuguese engineering, construction, contract... 

Partnership to provide $12m for African development minerals producers

By: Ilan Solomons     6th October 2017 Five-thousand small and medium-sized enterprise (SME) development minerals operators will have access to more affordable finance as a result of a partnership between the African Guarantee Fund for Small and Medium-sized Enterprises (AGF), the African Caribbean and Pacific Group of States (ACP),... 

Partnership to provide $12m for African  development minerals producers
Photo by Reuters
PROVIDING NEW OPPORTUNITIES The $12-million in credit guarantee facilities will be made available to financial institutions in Cameroon, Guinea, Nigeria, Uganda and Zambia

De Beers launches business incubator to promote SMMEs near Limpopo operations

By: Mia Breytenbach     6th October 2017 Diamond company De Beers has officially launched its second business incubator near its Venetia diamond mine operations in Limpopo. The incubator’s accelerated development programme aims to promote upcoming entrepreneurs, as well as small, medium-sized and microenterprises (SMMEs) from mining... 

De Beers launches business incubator to promote SMMEs near Limpopo operations
INCUBATION UNDER WAY The incubation programme started last month, with workshops targeting existing and aspiring entrepreneurs that have initiatives across the business spectrum

CoM committed to finding workable solutions that are in the national interest

By: Mia Breytenbach     5th October 2017 The Chamber of Mines (CoM) has drawn a firm line in the sand regarding its opposition to unethical leadership, bad governance and State capture,” CoM president Mxolisi Mgojo asserted on Thursday. “We are doing what is necessary to ensure better outcomes for our sector and our country. The chamber... 

Mining leaders stress need for good leadership

By: Mia Breytenbach     5th October 2017 Good leadership is critical to South Africa, former AngloGold Ashanti CEO Bobby Godsell said on Thursday. Speaking during a panel discussion on the leadership skills required for the future at the fifth Joburg Indaba conference, he stressed that the “fish rots from the head” and that good... 

Mining industry must innovate to remain relevant – Baleni

By: Anine Kilian     5th October 2017 South Africa’s mining industry must be creative and innovative to remain relevant, says F11 Consulting director Frans Baleni. “For example, mine dumps, which are in abundance, can also create mine opportunities. [Industry] must also embrace mechanisation, people are ready for it. There are... 

CoM stands by its decision to boycott gala dinner 

By: Anine Kilian     4th October 2017 Chamber of Mines (CoM) CEO Roger Baxter has confirmed that CoM executives and office bearers purposefully decided not to attend Tuesday evening’s Joburg Indaba banquet, where Mineral Resources Minister Mosebenzi Zwane was the guest speaker. “It was not an impetuous decision. It was not a decision... 

CoM stands by its decision to boycott gala dinner
Chamber of Mines CEO Roger Baxter discusses why the chamber's executives and office bearers decided not to attend Tuesday evening's Joburg Indaba gala dinner. Video and editing: Nicholas Boyd.

CoM should stay away from ‘crook’ Zwane – Pityana 

By: Anine Kilian     4th October 2017 AngloGold Ashanti chairperson Sipho Pityana has urged South Africa’s mining lobby, the Chamber of Mines, to stay away from Mineral Resources Minister Mosebenzi Zwane, whom he accused of not being committed to South Africa’s mining industry. “I fully endorse that the Chamber of Mines stays away... 

CoM should stay away from ‘crook’ Zwane – Pityana
AngloGold Ashanti chairperson Sipho Pityana discusses the need for labour and mining companies to have a bilateral conversation about the future of the mining industry. Video and editing: Nicholas Boyd.

Rip up charter, provide tax incentives, back junior miners – Maimane 

By: Martin Creamer     4th October 2017 Mining Charter Three should be ripped up, proper tax incentives introduced and junior mining enterprises supported to restore investment in the mining industry, which is a stimulator of the South African economy as a whole, Opposition Democratic Alliance leader Mmusi Maimane said on Wednesday.... 

Rip up charter, provide tax incentives, back junior miners – Maimane
Opposition Democratic Alliance leader Mmusi Maimane, addressing delegates at the Joburg Indaba conference. Camerawork: Nicholas Boyd. Editing: Lionel da Silva.

Rainbow revises guidance for FY17/18, on target to ship first concentrate in Q4

By: Anine Kilian     4th October 2017 Run-of-mine (RoM) for LSE-listed Rainbow Rare Earths’ Burundi-based Gakara rare earths project is forecast to be in the range of 3 000 t to 4 000 tons, which is expected to generate 2 250 t of mineral concentrate for sale for the current financial year.    “Rainbow's revised guidance compares... 

Rainbow revises guidance for FY17/18, on target to ship first concentrate in Q4

ANC will heed Joburg Indaba call for removal of Minerals Minister – Mkhize 

By: Martin Creamer     4th October 2017 The majority call by the Joburg Indaba for the government to replace Mineral Resources Minister Mosebenzi Zwane with a new Minister would be communicated to the African National Congress (ANC), which was committed to facilitating an enabling environment for the South African mining industry, ANC... 

ANC will heed Joburg Indaba call for removal of Minerals Minister – Mkhize
ANC treasurer general Dr Zweli Mkhize addresses delegates at the Joburg Indaba about Mineral Resources Minister Mosebenzi Zwane. Camerawork: Nicholas Boyd. Editing: Lionel da Silva.

Chamber criticised for no-show at Joburg Indaba gala dinner

By: Martin Creamer     3rd October 2017 Officials of the Chamber of Mines of South Africa were criticised for opting to not attend Tuesday night’s Joburg Indaba’s gala dinner, which was addressed by Mineral Resources Minister Mosebenzi Zwane, who stated that he would not discuss the controversial but agreement-fettered Mining Charter... 

Chamber criticised for no-show at Joburg Indaba gala dinner
Photo by Duane Daws
Bernard Swanepoel

Bushveld plans to spin off standalone tin listing

By: Martin Creamer     3rd October 2017 Diversified mineral development company Bushveld Minerals, which has a Southern African portfolio of vanadium, tin, coal, titanium and iron-ore assets, is taking steps to demerge its tin assets into a stand-alone tin listing on the London Aim. The principal tin assets of the Bushveld group are... 

Bushveld plans to spin off standalone tin listing
Photo by Duane Daws
AfriTin nominee CEO Anthony Viljoen

Exxaro begins Tronox sell-off

By: Martin Creamer     3rd October 2017 Diversified mining company Exxaro Resources on Tuesday commenced the sell-off of a portion of the shares it holds in US mineral sands mining company Tronox. The JSE-listed Exxaro, headed by CEO Mxolisi Mgojo, is monetising its Tronox stake to focus on its core activities as well as provide... 

Exxaro begins Tronox sell-off
Photo by Duane Daws
Exxaro Resources CEO Mxolisi Mgojo

Metalworkers to intensify wage strike at South32 smelter in South Africa

By: African News Agency      2nd October 2017 The National Union of Metalworkers of South Africa (Numsa) on Monday vowed to intensify the strike against Australian miner South32 in Richards Bay, KwaZulu-Natal, after a marathon negotiation session to resolve the strike was deadlocked. The global mining company has an aluminium smelter in... 

Interest building in attractive tax incentive for mine owners

By: Martin Creamer     29th September 2017 Interest is building in the Section 12J of the Income Tax Act incentive structure introduced by Treasury to promote venture capital investments and stimulate growth and job creation in the South African economy, Mining Weekly Online can report. The aim of Section 12J is to encourage investment... 

Interest building in attractive tax incentive for mine owners
Photo by Jaltech
Possible structure for Section 12J tax incentive

Nyrstar starts hot commissioning of Port Pirie

By: Esmarie Swanepoel     29th September 2017 Integrated mining and metals group Nyrstar has started hot commissioning at its Port Pirie smelter, in South Australia, following the A$660-million redevelopment of the project. Under the redevelopment plan, the 127-year old smelter was converted into an advanced metals recovery and refining... 

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