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Diversified Miners News

Gamsberg producing by mid-year – Vedanta

By: Martin Creamer     23rd May 2018 The Gamsberg zinc project in South Africa’s Northern Cape is on track with production expected by the middle of this year, the London-listed, India-rooted Vedanta Resources said on Wednesday, when it reported higher revenue and profits and lifted its dividend yield for the year to 6%. Current... 

Unpacking Kropz’s Elandsfontein project 

22nd May 2018 Mining Weekly editor Martin Creamer unpacks the developments around Kropz’s Elandsfontein project. 

Unpacking Kropz’s Elandsfontein project
Unpacking Kropz’s Elandsfontein project

Glencore goes from crisis to crisis with possible bribery probe

By: Bloomberg     21st May 2018 It’s becoming hard to keep track of all of Glencore’s legal battles in the Democratic Republic of Congo. The world’s biggest commodity trader is facing the possibility of a bribery investigation by British prosecutors over its work with Dan Gertler, an Israeli billionaire and close friend of... 

Vale boss prefers giving away windfall to avoid sins of the past

By: Bloomberg     21st May 2018 Vale, once the most generous dividend payer among major mining companies, may be poised to regain that status with its chief executive officer nearing debt targets and unwilling to hoard cash or rush into deals. Like others in the industry, the biggest producer of iron ore and nickel cut... 

Talaxis to acquire up to 75% of Mkango’s Songwe project

By: Nadine James     18th May 2018 Noble Group subsidiary Talaxis has entered into definitive agreements with Mkango Resources to acquire up to a 75% interest in Mkango’s Lancaster Exploration subsidiary, as well as a 49% stake in its downstream metals division Maginito Investments. In January, Talaxis paid Mkango £5-million in... 

Rio gets accreditation for AutoHaul

By: Esmarie Swanepoel     18th May 2018 Mining major Rio Tinto has been granted accreditation by the Australian Office of the National Rail Safety Regulator, approving its autonomous operation of trains at its iron-ore operations, in Western Australia. Rio implemented autonomous trains at its Pilbara operations in the first quarter of... 

This week's headlines unpacked 

18th May 2018 This week, short spell of mining hope dashed, consolidation is needed to save jobs and South African mining must negotiate the many turning points and deciding moments confronting it. Mining Weekly editor Martin Creamer unpacks the headlines this week.   

This week's headlines unpacked
This week's headlines unpacked

Optic fibre system ideal for essential fire prevention

By: Tasneem Bulbulia     18th May 2018 Owing to the dangers and issues posed by fires in the mining industry, it is imperative that fire-detection systems be implemented and properly maintained, and fire-detection and -suppression provider ASP Fire offers a customised optic fibre system that is ideal for detection, ASP Fire CEO... 

Optic fibre system ideal for essential fire prevention
PREEMPTIVE STRIKE It is important that mining houses have fire detection and prevention systems in place to prevent lost production time and lost assets

Vale confirms reduced Moz production forecast for 2018 as bad weather takes toll

By: Rebecca Campbell     18th May 2018 Vale Mozambique, the predominantly (but not wholly) owned subsidiary of Brazilian mining group Vale, still has to consolidate its coal producing process at its Moatize mine in Mozambique’s Tete province, to be able to achieve its full export capacity. This was stated by Vale Mozambique CEO Mário... 

Holistic approach championed for mine vehicle safety

18th May 2018 While great strides have been taken to improve operator safety in recent years, with new collision awareness systems likely to improve this trend, technology alone should not be a mine’s only line of defence in the goal to avoid vehicle collisions, says mine management solutions provider Modular... 

Canada March factory sales rise on metals, aerospace

By: Reuters     16th May 2018 nadian manufacturing sales increased more than expected in March on strength in primary metals, aerospace products and parts, fabricated metals and other transportation equipment, Statistics Canada reported on Wednesday. Factory sales rose 1.4%, surpassing the 1.2% gain expected by economists,... 

Short spell of mining hope dashed – Lorimer

By: Martin Creamer     16th May 2018 The short spell of hope for South Africa’s beleaguered mining sector, which burst forth with the election of Cyril Ramaphosa as President, has been dashed, Shadow Mineral Resources Minister James Lorimer said during the mineral resources budget debate. Applying the ‘learning nothing and... 

Short spell of mining hope dashed – Lorimer
Shadow Mineral Resources Minister James Lorimer

BHP outlines plan to add 40% to its value

By: Esmarie Swanepoel     16th May 2018 Mining major BHP is aiming for a 40% increase in its base value by implementing six key strategies, CEO Andrew Mackenzie told delegates at the Bank of America Merrill Lynch Global Metals, Mining and Steel conference, in Florida, this week. The strategies included reducing unit costs by more than... 

BHP outlines plan to add 40% to its value
BHP CEO Andrew Mackenzie

Mantashe prioritises policy, laments ‘inadequate’ budget allocation

By: Marleny Arnoldi     15th May 2018 The Department of Mineral Resources (DMR) will make policy and legislation one of its key priorities this year and has committed to finalising the Mining Charter in June, Minister Gwede Mantashe said on Tuesday. Mantashe, who tabled the DMR’s Budget Vote in Parliament, listed the department’s... 

Mantashe prioritises policy, laments ‘inadequate’ budget allocation
Photo by Creamer Media
Mineral Resources Minister Gwede Mantashe

Rising earnings to mark Americas Silver’s next 3 quarters as silver optionality beckons

By: Henry Lazenby     15th May 2018 Diversified Canadian miner Americas Silver is looking towards growing profit over the next three quarters as lower costs and rising grades at key operations provide it with runway potential to reward investors. “Our job as management is to figure out how to make money at these low silver prices.... 

Callinex jumps 35% on viable combined Nash Creek, Superjack PEA

By: Henry Lazenby     15th May 2018 Base metals-focused Callinex Mines has made public the results of a preliminary economic assessment (PEA) examining the production of zinc from the combined 100%-owned Nash Creek and Superjack projects, located in New Brunswick’s prolific Bathurst Mining District, in Maritime Canada. The PEA... 

Platinum supply, demand weak in Q1 – WPIC  

By: Nadine James     14th May 2018 There was a slight dip in both platinum demand and supply in the first quarter of this year, the World Platinum Investment Council (WPIC) reports. The organisation on Monday revealed that refined output decreased by 0.7% year-on-year in the first quarter, largely as a result of South African mine... 

SA company wins social services bid for Malawi graphite mine

11th May 2018 South Africa-based integrated infrastructure delivery company AECOM has produced the winning bid for social services for mining company Sovereign Metals’ Malingunde graphite project in the Lilongwe district, in Malawi. The Malingunde graphite project is prospective for saprolite-hosted flake... 

SA company wins social services bid for Malawi graphite mine
GRAPHITE MINE The Malingunde graphite mine, in Malawi has a maiden mineral resource estimate of 65.1-milllion tonnes at 7.1% total graphitic carbon

Maptek’s Evolution 5 provides intelligent optimisation approach

11th May 2018 Software, hardware and services provider Maptek continues to stamp its ownership on the global mine scheduling market through an intelligent optimisation approach, with the company’s latest milestone, Evolution 5, announced last month. Generating an optimised mine schedule with practical... 

Maptek’s Evolution 5 provides intelligent  optimisation approach
SCHEDULING SOLUTION Maptek’s Evolution 5 delivers an updated interface for scheduling with attributed solids

Company moves to introduce new haulers for mining industry

11th May 2018 Engineering support services company Babcock is preparing to introduce a new line-up of rigid haulers into the mining, opencast and quarrying sector in Southern Africa. The new line-up follows vehicle manufacturer Volvo Construction Equipment’s (Volvo CE’s) announcement earlier this year that it... 

Company moves to introduce new haulers for mining industry
Photo by Bloomberg
OPENCAST USES The trucks made by Volvo and supplied by Babcock are used in the opencast mining industry across South Africa

Machine purchase increases fleet, strengthens partnership

11th May 2018 Last month equipment supplier Epiroc delivered three FlexiROC D65 surface drill rigs to Northern Cape-based drilling specialists Booysen Bore. The delivery has increased Booysen Bore’s total drilling machine fleet to 51, while the addition of the new machines has strengthened the relationship... 

Machine purchase increases fleet, strengthens partnership
STRONG RELATIONSHIP Epiroc has been supplying surface drill machines to Booysen Bore for several years

Manufacturer adds products to existing line aimed at mining industry

11th May 2018 Automotive chip manufacturer VBox Africa, a division of automotive chip installer Automotive Technology Specialists (ATS), has added a range of measurement and control products to its range that is aimed specifically at the local mining industry. By combining new hardware and software, VBox... 

Manufacturer adds products to existing line aimed at mining industry
MINE OPTIMISATION VBox Africa provides solutions for the opencast mining industry that can reduce operating costs

Integrated mining software championed

By: Tasneem Bulbulia     11th May 2018 The constant evolution and innovation of technology have prompted mining houses to move away from “disparate” legacy systems and pursue integrated and easy-to-use software tools instead, global consulting and technology company Deswik South Africa MD Ian Lawler tells Mining Weekly. Lawler... 

Integrated mining  software championed
UNIQUE FACET Deswik.Enviro is fully integrated with the rest of the Deswik suite and it enables mining companies to account for the cost of closure when doing a life-of-mine plan

Local market welcomes launch of SRK Exploration Services

By: Nadine James     11th May 2018 The local and sub-Saharan African market has responded “very positively” to the establishment of SRK Exploration Services, a discipline-led division of SRK Global, says SRK Exploration Services Southern African exploration manager Oliver Bayley. He explains that the Cardiff-based division... 

Local market welcomes launch  of SRK Exploration Services
HENNIE THEART AND OLIVER BAYLEY The growing ranks of midtier and junior mining companies who lack in-house technical ability has created an untapped market for SRK

To succeed as a ‘sunrise industry’, SA mining must widen ownership, meet other challenges

11th May 2018 The following has been adapted from a chapter Towards Mining Vision 2030, by Joel Netshitenzhe, ANC NEC member and executive director of the Mapungubwe Institute for Strategic Reflection (Mistra) in a book on The Political Economy of Mining in South Africa, to be published in 2018 by Mistra. 

To succeed as a ‘sunrise industry’, SA mining must widen ownership, meet other challenges

Company continuously enhances core technologies

By: Jessica Oosthuizen     11th May 2018 Mine management solutions provider Modular Mining Systems (MMS) is continuously working on making value-added enhancements to its core technologies, says MMS MD Lourens du Plessis. He says customer feedback plays an important role in how the company’s solutions evolve over time. “By engaging with... 

Company continuously  enhances core technologies
LOURENS DU PLESSIS We are committed to assisting our customers in Africa to remain globally competitive

Higher metals prices prop up BC mining industry in 2017 – PwC

By: Creamer Media Reporter      10th May 2018 British Columbia's mining industry remained upbeat in 2017, as prices for most metals and minerals produced in the province continued to steadily recover from multiyear lows. Although most commodity prices remain below the record highs seen in 2011, the recent increases are part of an upward... 

Resources Watch   

10th May 2018 Reclaiming competitiveness through R&D-led mining modernisation Manufacturing capability to underpin SA’s reindustrialisation And, exciting new mining research thrust 

Resources Watch
Resources Watch

Resources sector to inject nearly A$6bn into WA economy

By: Esmarie Swanepoel     10th May 2018 The resources sector is forecast to inject some A$5.9-billion into Western Australia’s economy in 2018/19, with the sector continuing to be a major driver in the state’s economy. The mining industry contributed some A$5-billion, or 17%, of Western Australia’s total revenues during 2017, the... 

Resources sector to inject nearly A$6bn into WA economy

Agarwal encouraging Anglo to accentuate South Africa link

By: Martin Creamer     9th May 2018 Indian mining billionaire Anil Agarwal is encouraging Anglo American – in which he now holds more than 21% – to accentuate its link with South Africa, where the Vedanta Resources company he founded and chairs is successfully turning to highly positive account the zinc assets that Anglo walked... 

Agarwal encouraging Anglo to accentuate South Africa link
Photo by Dylan Slater
Anil Agarwal (right) and Martin Creamer

Vedanta's KCM disputes $18m Zambia tax bill – industry source

By: Reuters     9th May 2018 Vedanta Resources' Zambia unit, Konkola Copper Mines (KCM), is disputing a bill of almost $18-million slapped on it by tax authorities after an audit, an industry source familiar with the matter, told Reuters on Wednesday. Zambia's revenue authority concluded audits of mining companies that... 

Congo finalising mining rules after company concerns ignored

By: Bloomberg     9th May 2018 The Democratic Republic of Congo’s Mines Ministry said it’s completing work on new regulations, as a draft document showed the government has so far ignored companies’ key concerns about the reforms. Miners including Glencore and Randgold Resources have demanded the government dial back aspects... 

Amplats awarded global sustainability accolade

By: Anine Kilian     9th May 2018 Anglo American Platinum (Amplats) has achieved the second-highest sustainability practice score within the metals and mining sector category of ISS-oekom’s global ‘Corporate Responsibility Review 2018'. ISS-oekom is an environmental, social and governance (ESG) research and rating agency. 

Ivanplats signs water offtake agreement for Platreef project

By: Marleny Arnoldi     8th May 2018 Africa-focused explorer and project developer Ivanhoe Mines’ 64%-owned subsidiary Ivanplats has signed an agreement with the Mogalakwena municipality, in Limpopo, for the supply of at least five-million litres of treated water a day for 32 years, starting in 2022, from the town of Mokopane’s new... 

Ivanplats signs water offtake agreement for Platreef project
Ivanhoe executive chairperson Robert Friedland

Vast achieves record Q1 gold production in Zim, Mercuria offtake finalised

By: Marleny Arnoldi     8th May 2018 Aim-listed mining and resource development company Vast Resources achieved record first-quarter gold production of 6 326 oz at its 25%-owned Pickstone-Peerless gold mine, in Zimbabwe.  

Vast achieves record Q1 gold production in Zim, Mercuria offtake finalised
The Baita tailings dam in Romania.

Biggest miner says China's shift to quality iron-ore will hold

By: Bloomberg     7th May 2018 BHP Billiton, the world’s biggest miner, forecasts reforms in China’s steel sector will continue to hand an advantage to suppliers of higher-quality iron-ore and coking coal as consumption of the alloy keeps growing well into the next decade. Steel mills are likely to retain about two-thirds of... 

Goldman Sachs maintains buy rating on Glencore

By: Marleny Arnoldi     4th May 2018 Diversified miner Glencore’s strong production growth has prompted investment banking and management firm Goldman Sachs to maintain its buy rating on Glencore.  

Sibanye-Stillwater to start search for new audit firm

By: Simone Liedtke     4th May 2018 Multicommodity miner Sibanye-Stillwater will start the search for a new independent external audit firm for the 2019 financial year after its annual general meeting (AGM) on May 30. Sibanye had previously proposed the reappointment of audit, tax and advisory services provider KPMG as the... 

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