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Diversified Miners News

‘Home away from home’ accommodation for mine

By: Melissa Zisengwe     30th March 2018 Prefabricated site accommodation supplier Speedspace completed the installation of a management camp for diversified miner Vedanta Resources’ zinc subsidiary Vedanta Zinc International’s Gamsberg project in February. 

Hydrocyclone improves recovery, optimises processing

By: Nadine James     30th March 2018 Depleting ore grades and rising energy costs are creating new challenges for minerals processing, in response, Metso introduced MHC Series Hydrocyclone. The solution, although officially launched in 2016, is currently being trialled at a copper porphyry mine in the US. Metso Africa and Middle... 

Innovative mobile toilet solutions suit mining industry

By: Melissa Zisengwe     30th March 2018 Cape Town-based premier mobile ablutions and toilets supplier Absolute Ablutions is offering the mining industry an innovative range of toilets, providing the most effective and affordable sanitation for remote mining sites. A variety of high-quality toilet units, including basic non-flush,... 

Innovative mobile toilet solutions suit mining industry
COMPACT UNIT Absolute Ablutions’ units cater to the various requirements of the mining industry

Glencore signs $9.09bn loan refinancing

By: Reuters     29th March 2018 Global diversified natural resource company Glencore has signed $9.09-billion of loans to refinance its existing short-term revolving credit facilities, the company said on Thursday. The facilities replace Glencore’s existing $7.34-billion one-year revolving credit facility agreed in May 2017. 

Brazilian miner Vale to discuss new dividend policy - Valor

By: Reuters     28th March 2018 Board members of Brazilian miner Vale will discuss in a meeting on Thursday a new dividend policy, according to a Wednesday report by newspaper Valor Econômico. Under the new policy, Vale would calculate dividend payouts based on its earnings before interest, tax, depreciation and amortisation,... 

Private capital carves out mining niche with specialist focus

By: Henry Lazenby     28th March 2018 Generalist investment funds are having a hard time keeping up with the success private capital lenders have enjoyed in the mining space in recent quarters, with private equity firms carving out their niche by being specialists at their game. The generalist funds are underwriting real estate and... 

Private capital carves out mining niche with specialist focus

DRDGold shareholders approve WRTRP deal with Sibanye-Stillwater

By: Marleny Arnoldi     28th March 2018 Dual-listed DRDGold’s shareholders on Wednesday voted in favour of all resolutions relating to the company’s proposed acquisition of certain assets at diversified miner Sibanye-Stillwater’s West Rand Tailings Retreatment Project (WRTRP).  

DRDGold shareholders approve WRTRP deal with Sibanye-Stillwater
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman and DRDGold CEO Niël Pretorius

Rio Tinto sells stake in Kestrel coal mine for $2.25bn

By: Schalk Burger     27th March 2018 Diversified miner Rio Tinto will sell its 80% stake in the Kestrel underground coal, in Queensland, Australia, to private equity manager EMR Capital and Indonesian listed coal company PT Adaro Energy for $2.25-billion. “The sale of Kestrel, together with the announced divestments of Hail Creek... 

US Army Corps announces scoping period for Northern Dynasty’s Pebble project

By: Henry Lazenby     23rd March 2018 The US Army Corps of Engineers' Alaska District will publish a notice of intent in the US federal register next week to prepare a draft environmental-impact statement (EIS) to review the Pebble Limited Partnership’s (PLP's) application to discharge fill material into US waters for the purpose of... 

Cause of fire at Exxaro reductants plant in Limpopo being investigated

By: Marleny Arnoldi     23rd March 2018 Diversified miner Exxaro Resources and the Department of Mineral Resources are investigating the cause of a fire that broke out at Exxaro’s Grootegeluk reductants plant, in Lephalale, Limpopo, on Wednesday.  

Mining Charter must ensure radical transformation, inclusive growth

By: Marleny Arnoldi     23rd March 2018 In light of the Mining Charter III currently under review by the Department of Mineral Resources (DMR) and various stakeholders including mining houses, Siyakhula Sonke Empowerment Corporation Advisory (SSC Advisory) believes an ideal outcome would be for the charter to focus on radical... 

Mining Charter must ensure radical transformation, inclusive growth
Photo by Bloomberg
SOCIAL ENGAGEMENT Community problems cannot be solved by a one-size-fits-all, blanket approach – every mine and community is unique

Chilean mining policy championed for South Africa

23rd March 2018 Chile, the world’s leading copper producer, serves as a good example of mining policy for South Africa to emulate, postulates research and policy organisation the South African Institute of Race Relations (IRR).  

Chilean mining  policy championed  for South Africa
CHILLED OUT Chile, the world’s leading copper producer, boasts a thriving mining industry, positioning it as prime example of good mining policy

Company starts offering advisory services

By: Marleny Arnoldi     23rd March 2018 Following the realisation that their mining clients often need advisory services with regard to technical or operational issues at a cost-effective rate, mining services and solutions provider Dickinson Group began offering advisory services to the industry in November.  

Company starts offering advisory services
ADVISORY ADDED Dickinson Group provides refractory and a range of smelter services to the mining industry, as well as advisory, aimed at improving efficiencies

HRB technology, advantages drilled out at SANCOT talk

By: Jessica Oosthuizen     23rd March 2018 JSE-listed raiseboring and drilling services provider Master Drilling featured its horizontal raiseboring (HRB) technology and its advantages for mechanised mining at the latest South African National Committee on Tunnelling (SANCOT) breakfast, held in Woodmead last month. Master Drilling... 

HRB technology, advantages  drilled out at SANCOT talk
INNOVATIVE TUNNELLING Master Drilling was involved in the boring and excavation of a 180-m-long horizontal tunnel at Cullinan mine, in Gauteng

Software solution aids tailings management

By: Tasneem Bulbulia     23rd March 2018 Governance, risk and compliance software supplier IsoMetrix has developed the IsoMetrix tailings management solution (TMS) to specifically enable mining operations to manage their tailings storage facilities (TSFs) more effectively and responsively, as these are inherently environmentally risky,... 

Software solution aids tailings management
POWERFUL FEATURE IsoMetrix Tailings Management Solution’s built-in dashboard capabilities are configurable and provide visible data customisable to the user profile

Sustainable management of risks gains traction

By: Tasneem Bulbulia     23rd March 2018 Amid a range of land contamination issues in South Africa, mining houses are increasingly adapting their operations to be more holistic to curb environmental risks and create meaningful value for local stakeholders while achieving their objectives. Engineering consultancy WSP Africa environment... 

Sustainable management  of risks gains traction
HAZARDOUS The impacts of land contamination can be significant and widespread for mine operations, leading to high costs

Bullion association punting responsible sourcing as a ‘must have’

By: Mia Breytenbach     23rd March 2018 The London Bullion Market Association, the world’s authority for precious metals, together with its 150 members based in more than 30 countries and encompassing every part of the journey in precious metals production, is adding value to the global industry by setting standards, developing market... 

Bullion association punting responsible sourcing as a ‘must have’
Photo by Bloomberg
VAULT HOLDINGS Data available for end of November 2017 reveals that there is 7 841 t of gold, valued at $322.7-billion, equating to approximately 627 319 gold bars

As commodities roar, Africa wants bigger slice of mining pie

By: Bloomberg     22nd March 2018 One by one, the biggest names in African mining are getting squeezed. The tactics might be blunt, but the message is clear: the countries where they operate want a bigger share of the proceeds. The collapse in commodities through 2015 hobbled some of Africa’s biggest resource economies, stunting... 

Glencore to raise $500m through nondilutive bonds issuance

By: Schalk Burger     22nd March 2018 LSE- and JSE-listed diversified natural resource multinational Glencore will issue $500-million cash-settled, guaranteed convertible bonds, which will not dilute its shareholding, the company said in a statement on Thursday. The company will, concurrently with the bonds (due in 2025), buy from... 

Deloitte launches Intelligent Mining Solution to encourage digital transformation

By: Nadine James     22nd March 2018 Advisory firm Deloitte has launched an Intelligent Mining Solution that illustrates how digital transformation in mining can address legacy industry challenges, improve safety and enable the required step change in performance. Deloitte collaborated with several technology business partners to... 

The lithium sector surge is poised to ignite a deals bonanza

By: Bloomberg     21st March 2018 The tripling in lithium prices over three years is poised to fuel a multi-billion dollar rush of deals as major players jostle for dominance to supply the metal needed for the electric vehicle battery revolution. China’s expected to lead a mergers and acquisition bonanza as companies seek to... 

The lithium sector surge is poised to ignite a deals bonanza

Rio makes plans to further reduce debt

By: Esmarie Swanepoel     21st March 2018 Mining major Rio Tinto has launched a $2.25-billion debt reduction programme. Under the plan, Rio has issued redemption notices for some $1.4-billion of four series of its US-dollar denominated notes, maturing in 2021 and 2022, and has started invitations to holders outside of the US to sell up... 

G20 sees need for 'dialogue,' fails to diffuse trade war threat

By: Reuters     21st March 2018 The world's financial leaders rejected protectionism on Tuesday and urged "further dialogue" on trade, but failed to diffuse the threat of a trade war days before US metals tariffs take effect and Washington is to announce measures against China. Finance ministers and central bankers of the... 

G20 sees need for 'dialogue,' fails to diffuse trade war threat
Photo by Reuters
Canada's Finance Minister Bill Morneau

US Congressional action underscores strong desire to establish domestic REE supply chains

By: Henry Lazenby     19th March 2018 Recent US Congressional actions point to a strong desire to establish domestic rare earth element (REE) supply chains, as the industry seeks to diversify away from dominant producer and consumer – China. Congress continues to work on the development of REE separation technologies, as evidenced by... 

US Congressional action underscores strong desire to establish domestic REE supply chains
Rare-earth oxides

Marijuana is the new gold as former Canada miners go to pot

By: Bloomberg     19th March 2018 Turns out, it may be easier to strike gold by growing green. Just ask Jay Wilgar, a former wind power developer who started a medical marijuana company with friend Travis Kanellos after hatching the idea while lifting weights at a gym. When they began looking at ways to take their startup... 

Marijuana is the new gold as former Canada miners go to pot

DRC curbs expectations of miners about concessions on code

By: Bloomberg     19th March 2018 Mining companies in the Democratic Republic of Congo (DRC) won’t secure substantial concessions in talks with the state about changes to the industry code, a senior mining official said. The operators, including Glencore Plc and Randgold Resources, are pressing the government to row back on some... 

Rio Tinto hires UBS to explore Pacific Aluminium listing - sources

By: Reuters     19th March 2018 Rio Tinto has asked Swiss investment bank UBS to explore a possible public listing of its Pacific Aluminium smelting business on the Australian Stock Exchange (ASX), two industry sources said on Friday. The mining group has tried to sell the division many times without success, including in... 

ARM's Motsepe predicts successful charter, land outcomes 

By: Martin Creamer     16th March 2018 The executive chairperson of diversified black-controlled mining company African Rainbow Minerals (ARM), Patrice Motsepe, on Friday expressed the firm conviction that South Africa was in the process of reinforcing its position as a competitive mining destination through a positive Mining Charter... 

ARM's Motsepe predicts successful charter, land outcomes
African Rainbow Minerals executive chairperson Patrice Motsepe at presentation of 15% higher half-year earnings covered by Mining Weekly Online’s Martin Creamer. Photographs: Dylan Slater. Video and Video Editing: Darlene Creamer.

African Rainbow Minerals ups earnings, declares dividend

By: Martin Creamer     16th March 2018 Diversified black-led mining company African Rainbow Minerals (ARM) on Friday announced a 15% increase in headline earnings for the six months to December 31 to R1 945 million. This increase was mainly as a result of improved headline earnings from the manganese division, ARM Coal, Modikwa... 

RBM continues work on Zulti South, sees markets improve

16th March 2018 Work has continued on the feasibility study for the Zulti South mine expansion project at Richards Bay Minerals (RBM) in South Africa, which has the potential to maintain RBM’s low-cost smelting capacity and zircon production, diversified miner Rio Tinto reported in its 2017 full year results... 

Mineral sands see strengthening market conditions

16th March 2018 The pricing for the mineral sands product suite continued to improve throughout 2017 with the zircon market in particular benefitting from improving demand dynamics and emerging supply side shortfalls, says mineral sands miner Mineral Deposits (MD). Further, within the high-grade titanium dioxide... 

Mineral sands see strengthening market conditions
Photo by Bloomberg
SHUTDOWN SLOWDOWN A gearbox failure caused a slowdown in operations at the TiZir titanium and iron ilmenite upgrading facility, in Norway

New platform to help resolve cross border mining services constraints 

By: Tracy Hancock     16th March 2018 There are two major challenges facing the supply of cross-border mining services in Africa – a lack of resources, such as skills and investment, and poor or nonexistent infrastructure – hindering the enormous growth in mining activity across Africa, says Cross-Border Mining Services Indaba... 

New platform to help resolve cross border mining services constraints
Cross-Border Mining Services Indaba conference manager Ros Hinchcliffe discusses the value of the inaugural event. Camerawork and Editing: Nicholas Boyd.

Mine ownership, funding talks continue

16th March 2018 Mining company Premier African Minerals, which owns 49% of the RHA tungsten mine (RHA), in Zimbabwe, and is currently the only financial supporter for operations at the mine, reports that the ongoing financial discussions with the National Indigenisation and Economic Development Fund (NIEEF),... 

Mine ownership, funding talks continue
Photo by Reuters
OWNERSHIP PROSPECTS If new legislation is implemented, mines in Zimbabwe can be 100% foreign-owned

Rare earths company acquires critical metals portfolio in Namibia

16th March 2018 Heavy rare earth elements project developer Namibia Rare Earths (NRE) has completed the acquisition of a portfolio of critical metal properties from private firm Gecko Namibia, which will see NRE obtain a controlling interest in a portfolio of seven metals properties, thereby expanding its focus... 

Rare earths company  acquires critical metals portfolio in Namibia
RARE MINERALS Namibia Rare Earths has started exploring several mineral deposits across the country

Lawyer hails Mantashe appointment, govt resolve to cooperate with mining

By: Nadine James     16th March 2018 Recent political changes, not least the appointment of Gwede Mantashe as Mineral Resources Minister, combined with the Ramaphosa administration’s seeming resolve to collaborate with industry, particularly the Chamber of Mines (CoM), have resulted in a “cautious optimism” for mining stakeholders,... 

Lawyer hails Mantashe appointment,  govt resolve to cooperate with mining
GEORG KAHLE Mantashe’s commitment to ensuring that an agreement on the charter is reached by June, should result in the legislature’s making the necessary amendments to the MPRDA

Digitalisation, automation to increase across Africa

By: Mia Breytenbach     16th March 2018 Digitalisation and automation in the mining industry have become a reality, says mining and equipment services provider Sandvik Southern Africa sales VP Simon Andrews, who tells Mining Weekly that industry “has stepped beyond the conceptual phase and entered the operational phase”. He suggests... 

Digitalisation, automation to increase across Africa
DIGITALISATION EMPHASIS The OptiMine information management systems are suitable for surface and underground mining applications

South Africa discount no longer warranted, say analysts

By: Martin Creamer     15th March 2018 The so-called 'South Africa discount' that has dogged and diminished the share prices of mining companies operating in South Africa for decades, has been declared "unwarranted" by Goldman Sachs Europe Metals & Mining Equity Research analysts, against the backdrop of the winds of political change... 

South Africa discount no longer warranted, say analysts
Photo by Goldman Sachs
Share prices of Glencore and Anglo at 2013 levels, despite higher earnings, lower debt

Oliphant talks up Mantashe's mining pedigree in Toronto

By: Henry Lazenby     15th March 2018 South Africa's Deputy Mineral Resources Minister Godfrey Oliphant talked up the mining pedigree of newly installed Minister Gwede Mantashe during the recent Prospectors and Developers Association of Canada's annual convention, held in Toronto. "His previous mining experience is an advantage for... 

Oliphant talks up Mantashe's mining pedigree in Toronto
Photo by Henry Lazenby
SA Deputy Mining Minister Godfrey Oliphant holds a gold casting of former President Nelson Mandela's hand during the 2018 PDAC convention, in Toronto

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