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Diversified Miners News

November mining figures impress, but volatility seems to be on the cards

By: Megan van Wyngaardt     16th January 2018 While the local November mining production statistics showed a relatively solid increase by 6.5% year-on-year, bolstered by platinum group metals (PGMs), iron-ore and coal, the longer-term prospects for the industry remain less certain, owing to a difficult operating environment and policy... 

New indaba seeks to clear logistics, infrastructure challenges

By: Megan van Wyngaardt     16th January 2018 The Cross-Border Mining Services Africa Indaba, which aims to bring senior-level professionals from mining companies, as well as mining contractors; engineering, procurement and construction management companies; logistics companies; third- and fourth-party logistics providers; and finance and... 

Rio Tinto maintains fourth-quarter guidance across the board

By: Anine Kilian     16th January 2018 Global miner Rio Tinto reported on Tuesday that it had met its iron-ore shipment guidance for the three months ended December 31, 2017, noting a 1% rise in shipments for the year to 330.1-million tonnes. "The business performed well in the fourth quarter and we finished the year in line with... 

Rio Tinto maintains fourth-quarter guidance across the board

RNC in talks with financiers, market participants for Dumont construction decision by 2019

By: Henry Lazenby     15th January 2018 Diversified Canadian miner RNC Minerals is engaging a number of potential strategic investors, offtake partners and financiers who could provide the $1.3-billion capital financing required to start construction of the shovel-ready Dumont nickel/cobalt project, in the Abitibi region of Quebec. The... 

RNC in talks with financiers, market participants for Dumont construction decision by 2019
Photo by RNC Minerals
Dumont nickel buttons

Glencore reserves should be valued higher – analysts

By: Martin Creamer     15th January 2018 Investors should be prepared to value the reserves of metal that Glencore owns more highly to reward the proactive approach that the London- and Johannesburg-listed diversified mining company has towards managing its assets. Reflecting on the decision of Glencore to pull metal from the market... 

Glencore reserves should be valued higher – analysts
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Glencore shrinks job of billionaire copper head amid Congo probe

By: Bloomberg     15th January 2018 Glencore reduced the role of its billionaire head of copper, Aristotelis Mistakidis, shaking up the business after a review in the Democratic Republic of Congo raised questions about accounting and management. Mistakidis, one of Glencore’s largest shareholders and a key lieutenant of CEO Ivan... 

India’s draft national mineral policy proposes exploration incentives

By: Ajoy K Das     15th January 2018 India’s Mines Ministry has unveiled the draft National Mineral Policy (NMP) 2018, which proposes to offer mineral exploration companies the right of first refusal at the auction of any area explored by them. The draft NMP, which is now open for feedback from industry and stakeholders, maintains... 

GMEL looking to simplify refining at Kvanefjeld rare earths project

By: Megan van Wyngaardt     15th January 2018 A technical optimisation programme, currently being undertaken at the Kvanefjeld project, in Greenland, has identified significant improvements at the project, Greenland Minerals and Energy (GMEL) reported on Monday. The optimisation programme, which is being carried out in collaboration with... 

Smarter mining, manufacture, agriculture needed, says IDC’s Maia 

By: Martin Creamer     12th January 2018 South Africa needs to aim towards smarter mining, smarter agriculture and smarter manufacturing. “It’s about taking all the major sectors of the economy forward, with each feeding on the other,” says Industrial Development Corporation (IDC) research and information head Jorge Maia of the roles... 

Smarter mining, manufacture, agriculture needed, says IDC’s Maia
Industrial Development Corporation research and information head Jorge Maia and Unctad economic affairs officer Stefan Csordas respond to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Mining profits are super-charged and BlackRock wants to get paid

By: Bloomberg     12th January 2018 The world’s mining sector is firing on all cylinders again, and one of it’s biggest investors can’t wait to get paid. After five years of under-performance, a combination of synchronous global growth and under-investment in new supply has driven up commodity prices, increasing cash flow and... 

Strong commodity price rally lifts IHS Materials Price Index for ninth consecutive week

By: Henry Lazenby     12th January 2018 The IHS Materials Price Index (MPI) is in its ninth consecutive week of gains, jumping 2.8% last week – the strongest weekly performance since early September. According to IHS Markit economist Cole Hassay, the MPI was supported by broad-based positive indicators, with eight of ten subcomponents... 

Cobalt and 11% yields lure risk-takers to this Canadian miner

By: Bloomberg     10th January 2018 Sherritt International Corp’s double-digit bond yields are beginning to lure investors, even as questions linger about whether the Canadian miner has unloaded enough debt and turned around its sputtering projects. The Toronto-based firm restructured its Ambatovy mining joint venture, in... 

Cobalt and 11% yields lure risk-takers to this Canadian miner
Photo by Sherritt International
Ambatovy, Madagascar

Rio Tinto receives offer for aluminium smelter

By: Martin Creamer     10th January 2018 Diversified mining company Rio Tinto has received a binding offer from Liberty House to acquire Rio Tinto’s Aluminium Dunkerque smelter in northern France for $500-million. In accordance with French law, the London-listed company will launch a consultation process with employees, relevant... 

Rio Tinto receives offer for aluminium smelter
Rio Tinto Aluminium CE Alf Barrios

Liberty House makes binding offer for Rio Tinto's French aluminium smelter

By: Reuters     10th January 2018 Liberty House, the industrial arm of British steel tycoon Sanjeev Gupta's GFG Alliance, said on Wednesday it had made a binding offer for miner Rio Tinto's, aluminium smelter in Dunkerque, France, the largest in Europe. The group did not disclose an offer price but said the move was part of a... 

Liberty House makes binding offer for Rio Tinto's French aluminium smelter
Rio Tinto CEO Jean-Sebastien Jacques is moving to divest all but the company's best-performing units.

BCI Minerals signs MoU with Sinosteel to develop Buckland

By: Megan van Wyngaardt     10th January 2018 Australian iron-ore miner BCI Minerals has signed a non-binding memorandum of understanding (MoU) with Sinosteel Australia to support the development of BCI's 100%-owned Buckland project in the West Pilbara region. The project comprises proposed mines, a private haul road and a new port at Cape... 

Burkina Faso project acquisition opens multi-metal opportunity – Pegasus

By: Megan van Wyngaardt     10th January 2018 ASX-listed Pegasus Metals on Wednesday announced that it would buy Scorpion Minerals, which holds the rights to acquire up to a 70% joint venture (JV) interest in the Dablo palladium/platinum/gold/nickel/copper exploration project, located in Burkina Faso for A$360 000. This will be paid through... 

Burkina Faso project acquisition opens multi-metal opportunity – Pegasus

Stellar finds ‘attractive’ bolt-on for Heemskirk tin project

By: Megan van Wyngaardt     10th January 2018 Exploration and development company Stellar Resources has added to its portfolio of Tasmanian tin properties with the recent grant of an exploration licence at the Mount Razorback prospect. The licence is located 10 km to the east of Stellar’s Zeehan mineral resource, and has an unsealed road... 

Talisman Mining expands NSW landholding

By: Megan van Wyngaardt     9th January 2018 ASX-listed Talisman Mining on Tuesday said it would expand its landholding in the prospective Lachlan fold belt of New South Wales through a farm-in agreement with private company Bacchus Resources and a purchase agreement with ASX-listed Kidman Resources. Under the agreements, Talisman may earn... 

Largo racks up new production records at Maracás Menchen as vanadium price rockets

By: Henry Lazenby     4th January 2018 Vanadium producer Largo Resources has set a new monthly production record at its flagship Maracás Menchen vanadium mine, in Brazil’s Bahia state, after the plant performing 12.9% above its nameplate capacity. Toronto-based Largo advised that the performance improvement is owing to the operating... 

Year's best commodities fund is betting on 2018 mining M&A

By: Bloomberg     29th December 2017 This year’s best-performing commodity fund is betting on more mining companies turning to deal-making for growth in 2018. Commodity Capital Global Mining Fund racked up returns of 106% this year, the best performance among 409 commodity-focused funds tracked by Bloomberg, excluding... 

Year's best commodities fund is betting on 2018 mining M&A

Money hungry Nautilus weighs funding options as project challenges mount

By: Henry Lazenby     22nd December 2017 Marine mining pioneer Nautilus Minerals is in active discussions with a range of potential financiers and shareholders to secure the funding required to start mining the Solwara 1 project, offshore Papua New Guinea (PNG), the company said on Thursday. The company has thus far been unsuccessful to... 

Money hungry Nautilus weighs funding options as project challenges mount

African Tantalum gears mine towards future tantalum deliveries

By: Megan van Wyngaardt     21st December 2017 African Tantalum has sent its third shipment of high-purity tantalum from the Namibia tantalite investment mine (NTI) to its customer, a global North American tantalum consumer and end-user of tantalum ore, with a fourth shipment currently being tested by a third party before being sent. Aftan,... 

Bushveld Minerals completes acquistion of BVL

By: Megan van Wyngaardt     21st December 2017 Aim-listed Bushveld Minerals has completed its acquisition of 55% of Bushveld Vametco by issuing 54.76-million new ordinary share to Yellow Dragon Holdings. “We are delighted to have completed this acquisition before the end of the year. Vametco has, to date, illustrated its strong cash... 

Bushveld Minerals completes acquistion of BVL
Photo by Duane Daws
Fortune Mojapelo

Philippines miners adopt Canadian mining sustainability principles

By: Henry Lazenby     20th December 2017 The Chamber of Mines of the Philippines (COMP) has announced that it will adopt a mining sustainability standard developed by the Mining Association of Canada, called the Towards Sustainable Mining (TSM) initiative. The announcement made the Philippines the first Southeast Asian nation to adopt... 

Rio recalibrating understanding of Africa, working on Africa strategy 

By: Martin Creamer     19th December 2017 Diversified mining company Rio Tinto is recalibrating its understanding of Africa and working on an Africa strategy that is scheduled to be presented to the company’s executive committee next year. The company, which has the Rössing Uranium Mine in Namibia, Richards Bay Minerals (RBM) in South... 

Rio recalibrating understanding of Africa, working on Africa strategy
Rio Tinto VP Corporate Relations Africa Lawrence Dechambenoit talks to Mining Weekly Online’s Martin Creamer on Rio Tinto’s activities in South Africa and Africa. Photographs: Duane Daws. Video: Nicholas Boyd. Video Editing: Lionel de Silva

Miners to focus on M&A activity, sustainability in year ahead

By: Megan van Wyngaardt     18th December 2017 Nearly two-thirds, or 63%, of mining and metals respondents to the latest EY Capital Confidence Barometer (CCB) say they intend to pursue deals in the next 12 months, demonstrating a higher inclination to transact than the average across all industries (56%). The findings support the EY third... 

Vast CEO resigns

By: Megan van Wyngaardt     18th December 2017 Aim-listed miner Vast Resources’ CEO and director Roy Pitchford has resigned from his position, effective December 31.  Vast's Romanian subsidiary president Andrew Prelea will assume the role of Vast CEO. Vast chairperson Brian Moritz noted that Pitchford has had an invaluable contribution to the... 

IHS Materials Price Index buoyant on strong commodity rally

By: Henry Lazenby     15th December 2017 The materials price index (MPI) from Global Insight by IHS Markit has gained a strong 1.3% last week, hitting its highest level since late 2014 the company reported on Thursday. Three categories led gains, including ferrous metals, rubber and freight, all of which posted large jumps, according to... 

Canadian junior mining company makes progress in Northern Cape

     15th December 2017 Canadian junior mining company Tango Mining has made progress at its Oena diamond project, based in the Northern Cape in South Africa, appointing diamond recovery company Bluedust 7 as its mining contractor, which it announced in October. The contract will take place for a 60-month period, during... 

Canadian junior mining company makes progress in Northern Cape
EXPLORATION ACTIVITIES The Oena diamond mine will see the mining of alluvial diamonds over a 60-month period

Initial mining programme expected to start next year

     15th December 2017 Marine and land-based mining company Diamond Fields International has reaffirmed its commitment to its Namibian operations, announcing at the start of November an initial mining programme for its ML111 licence in offshore Namibia in 2018.  The initial mining programme for the licence area will... 

Initial mining programme expected to start next year
YO TOIVO The vessel is designed to provide efficient and effective mining of diamonds on the seafloor

Kimberley tailings still yielding diamonds

     15th December 2017 Historical diamond tailings left across Kimberley, in the Northern Cape, by diversified miner De Beers Consolidated Mines continue to hold significant potential for diamond extraction, owing to technological advances made in ore treatment.  

Kimberley tailings still yielding diamonds
STILL GOING STRONG The Petra Diamonds and Ekapa Mining joint venture incorporates the Kimberley Underground mine – mining the Bultfontein, Dutoitspan and Wesselton kimberlite pipes and extensive tailings retreatment programmes with resources of about 140.1-million tons.

Activated carbon producer to aid tailings processing

By: Marleny Arnoldi     15th December 2017 Activated carbon manufacturer Rotocarb offers tailings retreatment plants in the mining industry a solution for their water-intensive processing and wastewater treatment operations that uses local raw material, technology and deployment to produce activated carbon, which is critical in the... 

Activated carbon producer to aid tailings processing
WATER TREATMENT SOLUTION There is a big requirement for activated carbon, which local manufacturer Rotocarb can provide a solution for with locally designed technology and locally sourced raw materials

Small- and medium-scale operations punted as ‘the future’ of mining

By: Mia Breytenbach     15th December 2017 With industrial mining on the decline, smaller- to medium-scale mining operations are the future, according to Bench Marks Foundation South Africa lead researcher David van Wyk. Addressing delegates at the Science Business Society Dialogue Conference on Linking Science, Society, Business and... 

Small- and medium-scale operations punted as  ‘the future’ of mining
CLUSTERED AND FORMALISED Small operations could be clustered together geographically and assigned an engineer, a geologist and a health and safety officer to ensure safe operations

BME’s West African footprint expands as it clinches Mali blasting service contract

By: Mia Breytenbach     15th December 2017 West Africa remains an exciting region for South Africa-based explosives and blasting leader BME, which has won a full blasting service contract for a new opencast gold mining operation that is set to become the largest producer in Mali. From 2006 to 2015, 18 mines were opened in the region,... 

BME’s West African footprint expands  as it clinches Mali blasting service contract
SERVICE OFFERING BME will carry out ore blasting using its BME’s Axxis electronic detonation system and will deploy four 20 t emulsion trucks, as well as a stemming truck

Kibaran mulling battery-grade graphite pilot in Germany

By: Mia Breytenbach     15th December 2017 Following the successful completion of a feasibility study on downstream processing of graphite from its Epanko graphite project in Tanzania, exploration company Kibaran Resources will establish a pilot plant in Germany that will be expanded to commercial scale for the supply of premium battery... 

Kibaran mulling battery-grade graphite pilot in Germany
Photo by Bloomberg
INITIAL FOCUS Kibaran Resource plans to accelerate the commercialisation of battery graphite production operations during 2018

Mines urged to leverage technology to supercharge human capital development

By: Nadine James     15th December 2017 Mining companies should leverage technology to spur employee development, aiding in the upskilling of staff while enhancing employee and resource management, says information technology services company Wipro Southern Africa. While mines have incrementally implemented technology into their... 

State of local mining regulations shun investment, says CoM report 

By: Dylan Slater     14th December 2017 The findings of a recently conducted Chamber of Mines (CoM) survey indicate that if South Africa’s mining industry shifts its focus to create an attractive policy, regulatory and governance environment – through ethical leadership, good governance and the adoption of competitive, stable and... 

Lithium powers Deloitte WA Index

By: Creamer Media Reporter      14th December 2017 The market capitalisation of Western Australia-listed companies increased by 3.3% to A$173.1-billion in November, driven by greater interest in the battery technology space and progress of a number of lithium explorers towards production. “We have seen a number of potential customers come out of... 

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