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Diversified Miners News

More than 100 jobs on offer at Rio Tinto’s Weipa mines

By: Creamer Media Reporter      12th December 2017 Diversified miner Rio Tinto has launched a recruitment drive for more than 100 new roles at its bauxite mines on the western Cape York Peninsula in Queensland. The opportunities are available across Rio Tinto’s operations at Weipa including existing mines at Andoom and East Weipa and the new... 

Congo mines say revised code threatens industry's future

By: Reuters     12th December 2017 Mining companies in Democratic Republic of Congo said on Monday that proposed changes to the mining code adopted by the lower house of parliament last week would do lasting damage to investment in Africa's top copper producer. The process of revising the 2002 mining code in Congo has dragged on... 

Crucial for commodity countries to build economic resilience – Unctad 

By: Martin Creamer     11th December 2017 Without policy change, commodity-dependent developing countries risk falling short of achieving their sustainable development goals (SDGs) by 2030, United Nations Conference on Trade and Development (Unctad) economic affairs officer Stefan Csordas warned on Monday. Unctad and the Food and... 

Crucial for commodity countries to build economic resilience – Unctad
Unctad’s Stefan Csordas discusses commodities report with Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Lionel de Silva.

Cyril Ramaphosa calls for mining sector action 

By: Martin Creamer     11th December 2017 South Africa must urgently break the ongoing deadlock on the regulation and transformation of the mining sector to ensure the proper use of this country’s world-class mineral resources, says Deputy President Cyril Ramaphosa. In an article on the CR17 Siyavuma campaign website, ahead of this... 

Cyril Ramaphosa calls for mining sector action
Photo by Duane Daws
Deputy President Cyril Ramaphosa

First mover Noront shifts RoF focus to Cu/Zn exploration

By: Henry Lazenby     8th December 2017 With the first commitments in place to build roads into Northern Ontario’s emerging Ring of Fire (RoF) mining camp, regional first mover Noront Resources is taking the opportunity to continue to build out its inventory of polymetallic resources by prioritising copper/zinc targets for exploration... 

First mover Noront shifts RoF focus to Cu/Zn exploration

South32 tops up shareholding in Arizona Mining

By: Mariaan Webb     8th December 2017 Australia-headquartered South32 has bought another C$4.5-million worth of shares in Arizona Mining. Arizona Mining, which is advancing the Hermosa project near Tucson, Santa Cruz, said on Thursday that South32 had agreed to subscribe for an additional 1.43-million shares at C$3.14 a share. 

South32 tops up shareholding in Arizona Mining
Graham Kerr

Global iron-ore growth to be modest

     8th December 2017 Global iron-ore production will grow modestly, with mine restarts and expansions predicted in Brazil and India, boosting production, predicts international market research firm BMI Research. However, output growth in China will decline on the back of falling ore grades and high production costs,... 

Global iron-ore growth to be modest
MODEST GROWTH BMI predicts that the iron-ore sector will grow modestly in 2018

South African equipment company supplies iron-ore giant

     8th December 2017 South Africa-based process equipment sales and supply company MIP Process Technologies has landed a contract to supply equipment to global iron-ore giant Ehya Sepahan, which has operations in the Middle East, most notably Iran. Ehya Sepahan CEO Hadi Golzar and technical and planning manager... 

South African equipment company supplies iron-ore giant
Photo by Duane Daws
STEEL COMMITMENTS Half of Ehya Sepahan’s iron-ore is consumed by the steelmaking industry

Environmental permit bodes well for project financing

     8th December 2017 Iron-ore explorer and developer Zanaga Iron Ore Company (ZIOC) expects the environmental permit for its iron-ore project from the Republic of Congo’s ministry of environment to help attract finance to enable the valuable resource to be brought into production. A joint venture with natural... 

India seeks globally accepted regulations, tax

By: Ajoy K Das     8th December 2017 India’s Steel Ministry is seeking to align the domestic iron-ore mining industry with globally accepted regulations and practices as the country aims to be a 300-million-ton-a-year globally competitive steel producer by 2030. In the course of inter-Ministerial consultations about a new National... 

India seeks globally accepted regulations, tax
Photo by Bloomberg
SUPPLY LINKAGES India’s Steel Ministry has backed the adoption of long-term supply linkages between mines and steel producers

Forecast price drop influenced by Chinese economic refocusing

By: Megan van Wyngaardt     8th December 2017 Maintaining its iron-ore price forecast at an average of $70/t for the year and $50/t for 2018, research firm BMI says its predicted price drop is influenced by China’s economic refocusing away from heavy industry. “This will dampen demand for iron-ore,” the firm says, adding that, when combined... 

Forecast price drop influenced by Chinese economic refocusing
Photo by Duane Daws
KOLOMELA MINE Kumba Iron Ore’s newest mine, located in the Northern Cape. Its subsidiary, Anglo American, aims to offload most of its South African assets

SA firm takes first steps into US market with new blasting technology

By: Mia Breytenbach     8th December 2017 With growth for the Axxis blasting technology having increased substantially each year over the past five years, Africa-based blasting and explosives leader BME has, in enhancing the brand’s growth, taken its first steps into the US market. The company conducted six successful test blasts in... 

SA firm takes first steps into US market with new blasting technology
TESTED TRUE BME’s Axxis digital initiation system, BlastMap III software and electronic detonators were used in six successful test blasts in Atlanta, in the US

Helping mines find the real source of nitrates in water

By: Nadine James     8th December 2017 The issue of water quality has become topical in the aftermath of the contamination in the Olifants River catchment in Mpumalanga, as well the surfacing of acid mine drainage around Gauteng and other provinces.   Mining consultancy SRK Consulting’s principal hydrogeologist Sarah Skinner... 

Ireland-based Connemara Mining to advance exploration on key gold, zinc prospects

By: Mia Breytenbach     8th December 2017 Irish gold and zinc explorer Connemara Mining aims to further advance exploration activities on key gold and zinc prospects, following the successful execution of several drilling programmes at these projects, Connemara Mining CEO Patrick Cullen tells Mining Weekly. Connemara currently holds... 

Ireland-based Connemara Mining to advance exploration  on key gold, zinc prospects
EXPLORATION DRIVE Active exploration programmes on Connemara Mining’s gold projects at Inishowen, in Donegal, are under way, while drilling on the Wicklow/Wexford project has started

Exploration for, and production of, valuable minerals in Mozambique continue to advance

By: Keith Campbell     8th December 2017 There have been a number of recent developments involving smaller mining companies, both local and foreign, in Mozambique recently. These involve both exploration and production activities.  

South Africa urged to go back to basics to avoid mining’s demise

By: Mia Breytenbach     8th December 2017 For South Africa's mining industry to return to more successful times, the country will need to go back to basics, says Wits Mining Institute director Professor Fred Cawood, who also suggests that these basics could aid in sidestepping the demise of the mining industry in South Africa. These... 

South Africa urged to go back to basics to avoid mining’s demise
PROFESSOR FRED CAWOOD South Africa should embrace mining

Mining will only ‘move forward’ if there is a change of guard at Mineral Resources – lawyer

By: Mia Breytenbach     8th December 2017 The mining industry cannot move forward until new leadership is established within the Department of Mineral Resources (DMR), says law firm Cliffe Dekker Hofmeyr (CDH) mining head Allan Reid, who suggests that such a change could re-establish “some degree of optimism and trust in the mining... 

Mining will only ‘move forward’ if there is a change of guard  at Mineral Resources – lawyer
NEW HORIZONS South African mining companies are exploring other African jurisdictions for mining investment

Digitalisation initiative at Gamsberg to allow for minute-by-minute decision-making

By: Mia Breytenbach     8th December 2017 Diversified miner Vedanta Resources' Zinc International (VZI) has announced a greenfield digitalisation initiative, which will see a ‘Smart Ore Movement’ system built into its flagship Gamsberg zinc project. The project, which is being undertaken in collaboration with digital industrial company... 

Digitalisation initiative at Gamsberg to allow for  minute-by-minute decision-making
Photo by Duane Daws
GE South Africa CEO Thomas Konditi and Vedanta Zinc International CEO Deshnee Naidoo

Pallinghurst targets London, okays share buyback, halves executive pay

By: Martin Creamer     7th December 2017 Diversified mining and marketing company Pallinghurst, which has moved fast to stabilise the now-integrated coloured gemstone acquisition, is initiating a listing on the main board of the London Stock Exchange, going ahead immediately with a share buyback programme and benefitting from executive... 

Pallinghurst targets London, okays share buyback, halves executive pay
Photo by Duane Daws
Pallinghurst CE Arne Frandsen

Former South African Reserve Bank governor joins Glencore board

By: Creamer Media Reporter      7th December 2017 Diversified mining group Glencore has appointed the former governor of South Africa’s Reserve Bank, Gill Marcus, to its board as a nonexecutive director. Announcing the appointment on Thursday, chairperson Tony Hayward said that Marcus would be an asset to the Glencore board. 

Former South African Reserve Bank governor joins Glencore board
Former Reserve Bank Governor Gill Marcus has been appointed to Glencore's board

Mining should prepare for future of technology and automation

By: Mariaan Webb     6th December 2017 Global mining major BHP CEO Andrew Mackenzie says the mining industry has to show leadership and prepare its workforce for a future in which technology will play an ever-important role. In a philosophical address at the Melbourne Mining Club this week that also delved into how the West and the... 

Mining should prepare for future of technology and automation
BHP CEO Andrew Mackenzie

Glencore-Canada venture hitched to low-carbon economy shift

By: Martin Creamer     5th December 2017 The joint venture partnership Glencore struck with a Canadian pension plan on Tuesday provides exposure to commodities that benefit from a low-carbon economy. BaseCore Metals, a 50:50 partnership centred on base metals streams and royalties, involves Glencore Canada Corporation contributing a... 

Glencore-Canada venture hitched to low-carbon economy shift
Glencore CEO Ivan Glasenberg

Tanga to acquire Namibia zinc project, raises A$1.16m in placement

By: Mia Breytenbach     5th December 2017 ASX-listed Tanga Resources announced on Tuesday that it would acquire the high-grade Joumbira zinc project in Namibia and that it would raise A$1.16-million to fund the transaction and to start planned work programmes. The company entered into a binding option agreement to acquire 100% of the... 

Change or lose another 100 000 mining jobs – Cutifani

By: Martin Creamer     4th December 2017 Without change, the South African mining industry would lose another 100 000 jobs, said Anglo American CEO Mark Cutifani, who six years ago accurately predicted the recent 100 000 job demise in South African mining. “I'll say it again, absent of change, we’ll lose another 100 000 jobs,” the... 

Change or lose another 100 000 mining jobs – Cutifani
Photo by Duane Daws
Anglo American CEO Mark Cutifani

Rio picks Thompson for chairperson as investors target discipline

By: Bloomberg     4th December 2017 Rio Tinto named industry veteran Simon Thompson as chairman after shareholders rejected a plan to install a renowned dealmaker -- reinforcing an industry-wide investor drive for higher returns and caution over project spending. Thompson, 58, a Rio director since 2014 and previously an executive... 

Rio picks Thompson for chairperson as investors target discipline
Simon Thompson

Cobalt’s dramatic demand bump gives rise to novel investment vehicle

By: Henry Lazenby     1st December 2017 Cobalt supply constraints, coupled with a never-before-seen boom in the adoption rate of electric vehicles (EV) across the globe, have conspired to create an ideal market in which a pure-play cobalt investment and participation vehicle's profits can outpace its peers. Cobalt, a critical ‘energy... 

Cobalt’s dramatic demand bump gives rise to novel investment vehicle

Pilot Crushtec launches modular solutions, increases service offering

By: Mia Breytenbach     1st December 2017 Crushing and screening specialists Pilot Crushtec International has launched two new products – the Pilot Modular MAXIscalp 600 and the Metso Nordplant C80 primary crushing station intended for use in modular configurations – at its 2017 Open Day last month.   The MAXIscalp 600 is the world’s... 

Pilot Crushtec launches modular solutions, increases service offering
MODULAR FLEXIBILITY The MAXIscalp 600 scalping plant has a set-up that provides flexibility to adapt to changing operational requirements

Advanced technologies bringing about ‘new realities’ in the mining sector

     1st December 2017 The mining industry is in a crisis, says digital engagement company Wyzetalk CEO Gys Kappers.  He points to the country’s inability to ensure the “right” legislative, administrative and operating environment, which is being compounded by a decline in resource demand, weakening prices and... 

Advanced technologies bringing about  ‘new realities’ in the mining sector
GYS KAPPERS Management in the digital age should be concerned with the deployment and coordination of people and resources, using digital technology with a view to becoming far more efficient

South32 upbeat on aluminium, manganese and energy coal prospects

By: Mia Breytenbach     1st December 2017 With the price of various commodities having improved during the 2017 financial year, diversified miner South32 remains optimistic about the aluminium, manganese and energy coal sectors for the year ahead. “Manganese led the way [in terms of price increases], and metallurgical coal, energy coal,... 

South32 upbeat on aluminium, manganese and energy coal prospects
Photo by Bloomberg
GRAHAM KERR The financial results for the 2017 financial year, with the strides we’ve made towards our sustainability, diversity and safety targets, give me confidence for the year ahead

Bushveld unit completes first phase of vanadium project expansion

By: Mia Breytenbach     1st December 2017 Aim-listed Bushveld Minerals’ Bushveld Vametco subsidiary completed the first phase of the Vametco multiphased expansion project in the September quarter, during which Vametco reached a yearly production run rate of 3 035 metric tonnes of vanadium (MTV). Bushveld Minerals and Yellow Dragon... 

Bushveld unit completes first phase of vanadium project expansion
Photo by Duane Daws
FORTUNE MOJAPELO The completion of the expansion project will enhance Vametco’s existing competitive position in a structurally deficit market

Electric vehicle revolution a rare investment opportunity as metals demand spikes

By: Henry Lazenby     1st December 2017 The rate at which global auto markets are adopting electrically powered vehicles (EVs) is accelerating at a much faster pace than even some of the keenest market observers have estimated at the start of 2017, and is opening up once-in-a-lifetime investment opportunities among the four key ‘energy... 

Electric vehicle revolution a rare investment opportunity as metals demand spikes

South Africa urged to go back to basics to avoid mining industry's demise

By: Mia Breytenbach     30th November 2017 In order for South Africa's mining industry to return to more successful times, the country will need to go back to basics, says Wits Mining Institute director Professor Fred Cawood, who also suggests that these basics could aid in sidestepping the demise of the mining industry in South Africa.... 

South Africa urged to go back to basics to avoid mining industry's demise
Wits Mining Institute director Professor Fred Cawood

AfriTin advancing towards feasibility studies at Uis mine

By: Megan van Wyngaardt     30th November 2017 Since being admitted to shares trading, Aim-listed AfriTin Mining is now positioned to expand the pilot plant at Uis tin mine, in Western Namibia’s Erongo region, into a commercial operation, before completion of a definitive feasibility study for full-scale production. In the six months to... 

Bushveld Minerals to consolidate ownership in Bushveld Vametco

By: Megan van Wyngaardt     30th November 2017 Aim-listed Bushveld Minerals on Thursday said it had made an $11.1-million offer to acquire all the shares it does not already own in Bushveld Vametco (BVL). Bushveld currently owns 45% in BVL, while Yellow Dragon Holdings holds a 55% interest. 

Dassault Systèmes heralding in new autonomous mining era  

By: Martin Creamer     30th November 2017 The 'mine of tomorrow' is expected to be a factory-like entity equipped with a multiplicity of autonomous devices, which are controlled by technology savvy personnel working from remote centres, attendees of the natural resources forum heard in Sandton on Thursday. The ‘mine of tomorrow’ would... 

Dassault Systèmes heralding in new autonomous mining era
Dassault Systèmes Geovia CEO Raoul Jacquand interviewed by Mining Weekly Online’s Martin Creamer on mine modernisation. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Australian industry prepares for possible summer power cuts

By: Reuters     30th November 2017 Some of Australia's biggest power users, including mining giant BHP, are taking steps to curb the impact of any repeat of crippling blackouts that hit last summer, worried about a grid that increasingly relies on wind power and old coal-fired plants. Their back-up strategies come despite... 

Robots will run mines within the next decade, Anglo says

By: Bloomberg     29th November 2017 Some mines in the next decade will run without humans and instead rely on robots, virtual models and sensors, according to Anglo American. Anglo is betting on technology, such as computerized drills with "chiseling ability as good as a human" to increase productivity, cut costs and reduce... 

Tertiary director, former BHP exec David Whitehead passes away

By: Mariaan Webb     29th November 2017 Mining geologist David Whitehead has passed away at the age of 74, Aim-listed Tertiary Minerals reported on Wednesday. Whitehead was a nonexecutive director of the company at the time of his passing. 

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