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Diversified Miners News

Western Australia’s resources sales up 19% to A$105bn

By: Esmarie Swanepoel     29th September 2017 The Western Australian resources sector has again exceeded the A$100-billion mark in the 2017 financial year, with the state recording resources sales of A$105-billion. This was up 19% on the 2015/16 overall sales value, the Department of Mines, Industry Regulation and Safety reported on Friday. 

America’s ‘most storied mine’ under new management as Bunker Hill aims at restart

By: Henry Lazenby     29th September 2017 One of America’s most famous mines is set to restart operations, after a team of mine developers that have done it before in Idaho’s Silver Valley, recently obtained a lease and option to buy the historic brownfields project. Using a Canadian shell company to advance the acquisition of the... 

America’s ‘most storied mine’ under new management as Bunker Hill aims at restart
Photo by US EPA
The Bunker Hill smelter operating in winter snow in the 1970s

Stakeholder cohesion crucial to change trajectory of South African mining

By: Robyn Wilkinson     29th September 2017 Chamber of Mines of South Africa (CoM) CEO Roger Baxter will consider the role that the CoM and mining companies can play in increasing investment in South Africa’s mining sector, despite current challenges, by creating an enabling business environment through the building of trust between mining... 

Stakeholder cohesion crucial to change trajectory of South African mining
ROGER BAXTER Key to encouraging cohesion between mining stakeholders is a continued commitment to driving transformation in the industry at all levels

South African mining industry must prepare for future

By: Robyn Wilkinson     29th September 2017 It is critical that the South African mining sector works unceasingly to make government understand the need to remain competitive with global miners through upskilling people so that they are capable of functioning and prospering in a technologically-advanced environment, says Neil Jacobsohn,... 

South African mining industry must prepare for future
BETTER, FASTER Drones are successfully being used in the mining industry to reduce costs and save time through aiding the three-dimensional modelling and the analytics of orebodies

Time for mining industry to take action

     29th September 2017 In the wake of commodity prices beginning to show signs of recovery in 2016, mining companies globally have taken steps to strengthen their balance sheets, building a platform from which to take decisive action about the future, says multinational professional services provider PwC Africa energy,... 

Time for mining industry to take action
MICHAL KOTZE The mining industry has moved out of danger and some mining companies see the conditions as ripe for value accretive moves, with market differentiation their immediate goal

Platinum mine’s train safety system near completion

By: Nadine James     29th September 2017 South Africa-based rail technology provider On Track Technology (OTT) is currently installing its Dynatrack train safety system at a South African platinum mine, in Rustenburg, where the seven-month R8.5-million project is in its final phase. The mine’s train fleet collects raw material at the... 

Platinum mine’s train safety system near completion
DYNATRACK SAFETY SYSTEM The system's parameters and algorithms are designed to intelligently limit unnecessary impact on production, while maintaining safe operating conditions

Noticeable increase in use of in-cab video surveillance

By: Nadine James     29th September 2017 Internet of Things solutions provider Orbcomm has seen a noticeable increase in mining companies requesting in-vehicle video solutions for their earthmoving and bulk handling equipment. Orbcomm VP of sales for Africa Henry Smith notes that, since the company launched this solution late last year,... 

Noticeable increase  in use of in-cab  video surveillance
HENRY SMITH Stringent mine health and safety requirements are driving the use of in-cab video surveillance

R250 000 training centre launched, Merseta accreditation sought

By: Nadine James     29th September 2017 Industrial warehousing equipment and materials handling solutions provider Goscor Lift Truck Company (GLTC) – part of Goscor Group – launched its new R250 000 training centre, in Edenvale, Gauteng, last month. The company is also applying for Manufacturing, Engineering and Related Services Sector... 

R250 000 training centre launched, Merseta accreditation sought
CONTINUOUS LEARNING Frequent changes in technology require that technicians familiarise themselves with new or upgraded product training

Tech support, repair and maintenance service critical to 20 years

     29th September 2017 South Korean industrial equipment conglomerate Doosan celebrates its twentieth year in South Africa this year, notes Disa Equipment MD Rod Watson, adding that Doosan maintains its strong position in today’s competitive earthmoving sector through its reputation for reliable engines, a robust... 

Tech support, repair and maintenance service critical to 20 years
DX225LCA EXCAVATOR The hydraulic excavator’s 21.5 t operating weight is enhanced by new specifications that include a 0.92 m³ bucket capacity

Gigantic SA-made ore scrubber destined for Sierra Leone mineral sands mine

By: Mia Breytenbach     29th September 2017 Mechanical process equipment and solutions provider MechProTech has completed the manufacturing of one of its largest pieces of mining process equipment – the multimillion-rand, Titan 3596 mineral ore scrubber – which will be delivered to a mineral sands mine in Sierra Leone. MechProTech focuses... 

Gigantic SA-made ore scrubber destined for Sierra Leone mineral sands mine
Photo by Duane Daws
SIZABLE PROCESSING Titan 3596 mineral ore scrubber is used to wash and break up alluvial gravels, clay and sand

Zambia mines deny they are being subsidised by domestic electricity consumers

By: Ilan Solomons     29th September 2017 The notion that Zambia’s mines are being subsidised by domestic consumers is  “wholly untrue and completely at odds with the facts”, states Zambian Chamber of Mines president Nathan Chishimba, in response to a number of recent articles in the Zambian media suggesting that the government and... 

Zambia mines deny they are being subsidised by domestic electricity consumers
Photo by Duane Daws
KEY CUSTOMER The Zambian mining industry accounts for 80% of Zesco’s revenues with the balance coming from households, government, general industry and agriculture

Despite lower valuation, research firm provides favourable update for Mustang

By: Ilan Solomons     29th September 2017 Australian and US investment research firm Independent Investment Research (IIR) has updated its valuation for ASX-listed junior miner Mustang Resources, with this resulting in a slightly lower base case 12-month price target of $85-million, or $0.16 a share, a 225% premium to the current price.... 

Despite lower valuation, research firm provides  favourable update for Mustang
Photo by Mustang Resources
POSITIVE RESULTS Bulk sampling and test pitting within the newly acquired 8245L licence at Montepuez is delivering high quality stones from this secondary deposit

Exxaro, Solidarity sign three-year agreement

By: Martin Creamer     28th September 2017 Mining company Exxaro and trade union Solidarity have signed a three-year collective agreement on wages and other conditions of service, Mining Weekly Online can report.  The union said on Thursday that the first year’s pay increases of 7.5% to 10% would be back dated to July 1. 

Exxaro, Solidarity sign three-year agreement
Photo by Duane Daws
Exxaro is headed by CEO Mxolisi Mgojo,

Qld resource sector worth upwards of A$20bn

By: Esmarie Swanepoel     28th September 2017 The Queensland state government on Thursday said that it was working to provide a more systematic process to release resource exploration tenders in the state. The yearly exploration programme identifies the exploration areas and timing of release, as well as the government’s priorities for the... 

No clarity on funding drawdown for mine rehab – Joburg Indaba

By: Martin Creamer     27th September 2017 There is no clarity on the way that mining companies can draw down from their financial provision vehicles to undertake mine rehabilitation, the Joburg Indaba Breakfast heard on Wednesday during a discussion on the implications of the new National Environmental Management Act (Nema). Chaired by... 

No clarity on funding drawdown for mine rehab – Joburg Indaba
Photo by Joburg Indaba
Panellists from left to right are Pan African CEO Cobus Loots, MSA MD Ben Burnand, PwC's Dr Ferdi Linde, ENSafrica's Andries Myburgh, DMR's director of mine closure Reuben Masenya and Cenviro Solutions MD Leentie Smit

BC’s NDP-led govt talks up exploration, mining as basis for building burgeoning communities

By: Henry Lazenby     26th September 2017 British Columbia is ‘ground zero’ for mining in Canada, as technological advances require an ever-increasing volume of metals to satisfy improving standards of living and environment-friendly technologies. This was the key message to attendees at the fourth yearly Resource Breakfast Series held... 

BC’s NDP-led govt talks up exploration, mining as basis for building burgeoning communities
Photo by British Columbia Government
BC Minister for Energy, Mines and Petroleum Michelle Mungall was formally sworn in by Lieutenant Governor Judith Guichon

Integration of Gemfields realising cost benefits – Pallinghurst

By: Martin Creamer     26th September 2017 The integration of Gemfields is beginning to realise cost benefits, Pallinghurst reported on Tuesday when it reiterated its transformation into a long-life operating mining company from being a former closed-end investment vehicle. In presenting half-year results of the company on Tuesday,... 

Integration of Gemfields realising cost benefits – Pallinghurst
Photo by Duane Daws
Pallinghurst CEO Arne Frandsen

Tungsten-focused Thor moves diversified portfolio up value curve as commodity prices rally

By: Henry Lazenby     26th September 2017 Australian junior Thor Mining is pushing ahead with its diversified portfolio of tungsten/copper/lithium projects in Australia and the US, in the hope of capitalising on rising metals prices. The Sydney-based explorer and project developer, which has equity listings on the ASX and LSE’s Aim,... 

Tungsten-focused Thor moves diversified portfolio up value curve as commodity prices rally
Thor Mining expects to update the Pilot Mountain tungsten resource, in Nevada, soon

Rio launches $2.5bn share buy-back

By: Esmarie Swanepoel     22nd September 2017 Diversified major Rio Tinto will spend an additional $2.5-billion on its ongoing share buy-back programme, funded by the recent sale of its Coal & Allied subsidiary to ASX-listed Yancoal. The capital return programme will be executed through a combination of an off-market buy-back tender,... 

Rio launches $2.5bn share buy-back

Giant miner vies with Google, GE, for hires amid automation push

By: Bloomberg     22nd September 2017 Rio Tinto, the world’s second-largest mining company, is focused as much on driver-less trucks and automated drills as conventional shovels and loaders these days. That means it needs a whole lot more high-tech workers. The London-based company is stepping up efforts to lure engineers and... 

Giant miner vies with Google, GE, for hires amid automation push

South32 adds to board

By: Esmarie Swanepoel     22nd September 2017 Diversified miner South32 has made two additions to its board of directors, with the appointment of Dr Xiaoling Liu and Karen Wood as independent nonexecutive directors. Xiaoling will join the South32 board on January 15, and will seek election at the company’s next annual general meeting,... 

Platinum-group metals producer aiming to increase fuel cell demand

By: Simone Liedtke     22nd September 2017 To increase demand in the fuel cell (FC) industry, platinum group metals producer Impala Platinum (Implats) aims to take its Impala Platinum Refinery off the State-owned power utility Eskom grid and power the refinery using FC technology, with commercial operation of its first phase aimed to... 

Platinum-group metals producer aiming to increase fuel cell demand
FAHMIDA SMITH The development of the 8 MW fuel cell is an exciting development in Implats’ move towards a carbon-neutral fuel source at its refinery

Surge in fuel cell demand would aid platinum’s future

By: Simone Liedtke     22nd September 2017 As a means of promoting beneficiation, South African Chamber of Mines (CoM) administration head Jeannette Hofsajer says the platinum-based fuel cell installed at its offices is just the start in a potentially vast surge in demand for fuel cell units, which would positively impact on the platinum... 

Surge in fuel cell demand would aid platinum’s future
FACING RESISTANCE Using fuel cells to replace petrol and diesel power is facing consumer resistance

Master Drilling aiming to extend geographical, technological diversification

By: Mia Breytenbach     22nd September 2017 Raise-boring and drilling solutions provider Master Drilling continues to extend its service provision capacity and technology reach, with the company focusing on diversifying into new markets and industries and advancing technologically. “Diversification across geographies, commodities,... 

Master Drilling aiming to extend geographical,  technological diversification
KEY COMPONENT Master Drilling aims to grow business not only in underground mining, but also in openpit mining, which makes up the majority of mining

MHSC’s centre of excellence set to open in November

By: Ilan Solomons     22nd September 2017 The Mine Health and Safety Council (MHSC) is currently implementing a business plan for its centre of excellence, which is scheduled to open by the end of November. This is according to MHSC research COO Nkhensani Masekoa, who was addressing delegates at Southern African Institute of Mining and... 

MHSC’s centre of excellence set to open  in November
Photo by Creamer Media image
NKHENSANI MASEKOA The centre of excellence will seek to undertake research, build capacity and facilitate research outcomes for the South African mining sector

Minerals processing business bullish about future, despite industry challenges

By: Nica Schreuder     22nd September 2017 Based on substantial growth over the past 12 years, mining and industrial services provider Fraser Alexander’s minerals processing business intends to double its revenue within the next three to five years, says Fraser Alexander minerals processing GM Jaco Scholtz. “We are particularly proud of... 

Minerals processing business bullish about future, despite industry challenges
ALL ENCOMPASSING Fraser Alexander is able to service clients across the coal washing and processing value chain

Companies find use for abandoned underground coal mines

By: Nica Schreuder     22nd September 2017 Forsaken underground coal mines are increasingly being reopened using opencast mining methods, according to independent mining advisory group Ukwazi senior mining engineer Adriaan Strydom, who tells Mining Weekly that this practice is effectively enabled through increased mechanisation. While an... 

Companies find use for abandoned underground coal mines
Photo by Bloomberg
SECOND CHANCE The trend of returning to underground mines and turning them into opencast mines is a cost-effective alternative to exploration

Electricity exports create investment opportunity for S Africa

By: Nica Schreuder     22nd September 2017 Power generation stakeholders and key industry players are investigating ways of deriving the most benefit from lower coal qualities, says independent mining advisory company Ukwazi senior mining engineer Adriaan Strydom, who tells Mining Weekly that companies are implementing new technologies to... 

Electricity exports create investment opportunity for S Africa
Photo by Bloomberg
LEGISLATION DERAILING Rail infrastructure is crucial in Africa and South Africa, but can only be finalised once legislation surrounding independent power producers is finalised

Real-time analysis aids coal mining efficiency

     22nd September 2017 To avoid incorrect plant control decisions and plant inefficiencies, technologies that measure mining process streams must be implemented directly and in real time. Australia-based bulk materials monitoring company Scantech uses real-time analysis technologies to measure conveyed bulk materials... 

Real-time analysis aids coal mining efficiency
REAL-TIME EFFICIENCY The COALSCAN 9500X is installed on the conveyor and only takes up one metre of belt space

Technological advances aim to improve sustainability

By: Nica Schreuder     22nd September 2017 Owing to the possible presence of hazardous methane gas during coal mining, it is common practice to monitor methane levels at operational mining sections. As such, mining monitoring systems company Monitech’s Hazardous Area Control System was introduced to coal mining fifteen years ago and it... 

Technological advances aim to improve sustainability
CUSTOMISED PROJECTS Every Exxaro project is customised, owing to possible environmental constraints

Fuel cell opportunity to save platinum mining

By: Simone Liedtke     22nd September 2017 With platinum being one of the most effective and durable catalysts in proton exchange membrane fuel cell technology (PEMFC), fuel cell and electrolyser technology developer Isondo Precious Metals (IPM) CEO Vinay Somera believes that this presents an opportunity for the South African platinum... 

Fuel cell opportunity to save platinum mining
Photo by Duane Daws
VINAY SOMERA The drive to zero emissions also represent the “single biggest opportunity” for the industry

Platinum mining to play role in emerging sector

By: Simone Liedtke     22nd September 2017 With there being a global increase in demand for all fuel cells, with low temperature platinum bearing fuel cells seeing the largest increase in market pull, independent analysis and advisory firm 4th Energy Wave CEO Dr Kerry-Ann Adamson believes that this creates an increasing opportunity for... 

Platinum mining to play role in emerging sector
Photo by SFC
INCREASED ADOPTION Trends and demands for an increasing availability of fuel cells are leading to increased adoption

Resources Watch  

     21st September 2017 Metso showcases ongoing commitment to servicing South African mining sector; and, systems water intensive, but more efficient and environment friendly 

Resources Watch
Resources Watch

Mining's biggest mystery is what Agarwal plans to do with Anglo

By: Bloomberg     21st September 2017 As Anglo American’s board met at the lavish Vergelegen wine estate in South Africa yesterday evening as part of a 100-year celebration, executives were blindsided by news headlines: Indian mining tycoon Anil Agarwal was becoming the biggest shareholder. After Anglo’s managers partied to honor the... 

Mining's biggest mystery is what Agarwal plans to do with Anglo

Further investment in Anglo by majority shareholder of Vedanta

By: Martin Creamer     21st September 2017 Vedanta head Anil Agarwal has once again hit the headlines by announcing an intended further personal investment in Anglo American through Volcan Investments, which is the majority shareholder of Vedanta Resources. Volcan announced on Wednesday that it intended investing £1.25-billion to... 

Further investment in Anglo by majority shareholder of Vedanta
Photo by Bloomberg
Vedanta head Anil Agarwal

BHP says it paid $4.7bn in global taxes

By: Esmarie Swanepoel     20th September 2017 Mining major BHP paid some $4.7-billion in global taxes and royalties in the 2017 financial year, with a further $1.2-billion payable to the Australian government in corporate tax income payments before the end of the calendar year. Australian taxes, royalties and other payments accounted for... 

BHP says it paid $4.7bn in global taxes

Deterrence, prevention critical for miners in fight against fraud

By: Henry Lazenby     18th September 2017 Fraud is a significant burden on the mining industry and is likely to cost companies an average of 5.85% of turnover every year. Therefore, catching it before it happens is often the best weapon to combat this scourge. This figure is based on 20 years of data across more than 40 sectors,... 

Deterrence, prevention critical for miners in fight against fraud

Black Mountain divests of silver assets to focus on vermiculite

By: Esmarie Swanepoel     18th September 2017 ASX-listed junior Black Mountain Resources has divested of its non-core US silver assets, in a bid to focus its attention on its Namakara vermiculite mine, in Uganda. The company on Monday told shareholders that it had divested of its 70% stake in two prospective US silver mines in Montana and... 

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