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Ferrous Metals News

Rio-Carb commissions academic research into the future of South Africa’s mining sector

By: Nadine James     21st June 2018 Chromium carbide (CrC) wear solutions provider Rio-Carb MD Martin Maine has identified a gap in the mining sector in the form of a lack of local beneficiation in the second-tier supply chain in the South African mining industry, and has commissioned academic research to establish how the country... 

Atlas directors back Hancock offer

By: Esmarie Swanepoel     21st June 2018 Takeover target Atlas Iron has backed a takeover offer from Hancock Prospecting, after suitor Mineral Resources (MinRes) pulled out of the race by failing to match the offer. MinRes earlier this week said that it would not make a counter offer for Atlas, after Hancock Prospecting launched a... 

Atlas directors back Hancock offer

South African mining-focused EV manufacturer launched

By: Nadine James     20th June 2018 Battery-driven mining vehicle solution provider Battery Power Industries (BPI) officially launched on Wednesday. The South African original-equipment manufacturer specialises in the development of battery energy systems, electrical traction systems and high-speed charging systems for underground... 

South African mining-focused EV manufacturer launched

Report alleges miners inadequately disclose information on environmental rehabilitation costs

By: Nadine James     20th June 2018 Neither the law, nor the accounting standards governing company disclosures, ensure the necessary transparency and accountability about financial provision for environmental rehabilitation, the Centre for Environmental Rights (CER) alleges in its ‘Full Disclosure: The Truth about Mining... 

Emission abatement technology could drive industrialisation – EPCM Global

By: Nadine James     20th June 2018 South African firm EPCM Global Engineering has partnered with Luxembourg-based Carbon Process & Plant Engineering (CPPE) to bring its emissions abatement technology to Africa, in a move that could spur industrialisation, says EPCM Global CEO Tumi Kgomo. He explains that the technology, which was... 

MinRes declines to up Atlas offer

By: Esmarie Swanepoel     20th June 2018 ASX-listed Mineral Resources (MinRes) on Wednesday announced that it will not make a counter offer for iron-ore miner Atlas Iron. MinRes had been given three business days to come up with a new offer for Atlas after Hancock Prospecting launched a 4.2c a share cash offer for Atlas, in which it... 

Selloff in iron-ore to rubber in China as US trade war widens

By: Reuters     19th June 2018 Prices of commodities from iron ore to rubber tumbled in China on Tuesday, with investor sentiment shaken by an intensifying trade war between Beijing and Washington that could hurt the world's No. 2 economy. The selloff also hit steel, copper, cotton and palm oil, as Chinese investors returned... 

MinRes given tight deadline to improve Atlas bid

By: Esmarie Swanepoel     19th June 2018 Iron-ore miner Atlas Iron has given suitor Mineral Resources (MinRes) three business days to match the takeover offer Hancock Prospecting put on the table earlier this week. Hancock on Monday revealed a 4.2c a share cash offer for Atlas, in which it already holds a 19.96% interest. 

Tshipi may distribute R1.5bn to shareholders in Sept

By: Creamer Media Reporter      18th June 2018 Tshipi é Ntle Manganese Mining, in which ASX-listed Jupiter Mines owns a 49.9% stake and which operates the Tshipi Borwa mine, expects to distribute R1.5-billion to its shareholders in September. In an update on Monday, Jupiter said Tshipi’s operations continue to exceed plan with annualised... 

Rio spending $2.2bn on iron-ore supply

By: Esmarie Swanepoel     18th June 2018 Diversified miner Rio Tinto on Monday revealed that it will be spending some $2.2-billion over the next three years on replacement mines for its iron-ore operations in the Pilbara, including initial spending on the proposed Koodaideri, West Angelas and Robe Valley developments. Rio’s iron-ore... 

Rinehart’s Hancock bids $390m for Atlas, trumps MinRes offer

By: Esmarie Swanepoel     18th June 2018 Gina Rinehart’s Hancock Prospecting has solidified its intentions for ASX-listed Atlas Iron, revealing a 4.2c a share takeover offer, or A390-million, for the Pilbara iron-ore miner. Atlas told shareholders on Monday that the Hancock offer, which would open in about two weeks’ time, would be... 

Samarco is said to be nearing settlement with Brazil prosecutors

By: Bloomberg     15th June 2018 After a year of back and forth, the owners of the idle Samarco iron-ore mine are close to signing a definitive settlement with Brazilian prosecutors that will clear the way for restart preparations and debt talks to begin, according to people briefed on the matter. Joint venture partners Vale... 

Minerals Council, water dept collaborate on water conservation, demand management project

By: Creamer Media Reporter      15th June 2018 The Department of Water and Sanitation (DWS) and the Minerals Council South Africa (MCSA) have reached a significant milestone in a collaborative exercise on water conservation and water demand management aimed at driving water savings and usage improvements in the mining industry. The... 

Minerals Council, water dept collaborate on water conservation, demand management project

BHP awards contract at newly approved South Flank

By: Esmarie Swanepoel     15th June 2018 Mining major BHP has awarded a A$260-million mining infrastructure works contract to ASX-listed Cimic, at the newly approved South Flank project, in Western Australia. BHP overnight approved the $3.4-billion South Flank project, which will replace production from the 80-million tonne a year... 

Imports challenge for pumps manufacturing, foundry industry

By: Erin Steenhoff-Snethlage     15th June 2018 One of the biggest challenges for local foundries and pumps manufacturers is competition from imported products, says Kimberley-based metal castings specialist KEW Foundries. “I would say about 70% to 80% of the pumps used in South Africa are imported,” KEW Foundries operations director Jaime... 

Imports challenge for pumps manufacturing, foundry industry
Photo by Bloomberg
IN TANDEM The local pumps manufacturing industry relies on the continued operation and growth of foundries in South Africa

Virtual reality blast wall, cube providing ‘memorable’ training

By: Nadine James     15th June 2018 Virtual reality (VR) solutions provider Simulated Training Solution’s (STS’s) world-first VR blast wall and its VR cube have resulted in efficient, effective and memorable training programmes for Anglo American Platinum’s Engineering Services Training Centre (ESTC) in Randfontein, and Murray and... 

Virtual reality blast wall, cube providing ‘memorable’ training
VIRTUAL BLAST WALL The VR blast wall was designed and developed by STS in 2015 on request of Sasol Nitrate and Glencore

Illegal mining worth R7bn a year – PwC

By: Martin Creamer     14th June 2018 The value of illegal mining and dealing of metals and diamonds in South Africa is estimated to be more than R7-billion a year, says PwC. In its latest edition of SA Mine, the professional services firm equates this to revenue generated from 430 000 oz of gold at the current market price. 

Illegal mining worth R7bn a year – PwC
Photo by Dylan Slater
Informal processing of sand from a depleted mine dump off the N3 South freeway, near Elandsfontein, in Germiston

Bushveld settles £5m debt with Atlas Special Opportunities

By: Marleny Arnoldi     14th June 2018 Aim-listed diversified miner Bushveld Minerals has redeemed the outstanding unsecured convertible bonds that were issued to Atlas Special Opportunities in September 2017.  

Bushveld settles £5m debt with Atlas Special Opportunities
Photo by Creamer Media
Bushveld Minerals CEO Fortune Mojapelo

BHP approves $2.9bn capital expenditure for South Flank iron project

By: Creamer Media Reporter      14th June 2018 BHP has approved capital expenditure of $2.9-billion for the South Flank iron-ore project, in the central Pilbara, Western Australia. The project, in which BHP holds an 85% interest, will cost $3.4-billion to develop and will fully replace production from the 80-million-tonne a year Yandi mine,... 

BHP approves $2.9bn capital expenditure for South Flank iron project

South Africa's mining production down 4.3% y/y in April

By: African News Agency      14th June 2018 South Africa' mining output fell by decreased by 4.3% in April compared with the same month last year, the national statistics agency said on Thursday. Statistics South Africa said the largest negative contributors to the decline were platinum group metals (PGMs), which slid 6.5%, deducting 1.5... 

South Africa's mining production down 4.3% y/y in April

Atlas does not have priority rights to new Hedland berths

By: Esmarie Swanepoel     14th June 2018 The share price of iron-ore miner Atlas Iron dropped by nearly 16% on Thursday after the Western Australian government informed the company that it did not have “priority right” to develop new export berths. Atlas told shareholders that the North West Infrastructure (NWI), of which the company... 

Atlas does not have priority rights to new Hedland berths

Tharisa expands its presence in Zim with acquisition of Karo stake

By: Simone Liedtke     13th June 2018 JSE-listed Tharisa has acquired a 26.8% shareholding in Karo Mining Holdings for $4.5-million. Karo Mining, in March, reached an agreement with the Zimbabwe government to establish a platinum group metals (PGM) mine, concentrators, smelters, a base metal and precious metals refinery and power... 

Hancock Prospecting discloses nearly 20% stake in Atlas Iron

By: Reuters     13th June 2018 Australian billionaire Gina Rinehart's Hancock Prospecting group of companies disclosed on Wednesday a 19.96% stake in Atlas Iron, heating up the race for the small iron-ore miner. Hancock Prospecting Pty Ltd holds a 14.97% stake in Atlas, while Hancock's unit Redstone Corporation will have a... 

Brazil pension fund Funcef still considering sale of Vale stake

By: Reuters     12th June 2018 Brazilian pension fund Funcef is still considering whether to sell its stake in mining company Vale SA but sees no immediate urgency to do so, its director Paulo Werneck said on Tuesday, as funds try to avoid putting pressure on Vale shares. Speaking to journalists on the sidelines of a... 

Cleveland-Cliffs exits Australian iron-ore

By: Mariaan Webb     12th June 2018 Iron-ore pellet producer Cleveland-Cliffs has reached the final step in the implementation of its US iron-ore-centric strategy with the announcement on Tuesday that it would sell its Australian iron-ore business. The Cleveland, Ohio-based firm has reached an agreement with Australian mining... 

Cleveland-Cliffs exits Australian iron-ore

South Africa’s ‘Samcodes way’ a world-beater – Mullins

By: Martin Creamer     12th June 2018 South Africa has succeeded in creating a meticulous set of mineral reporting codes that continue to gain international recognition. The South African Mineral Reporting Codes (Samcodes), which protect investors, are currently so highly regarded that in October South Africa will host a large... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins
Photo by Dylan Slater
Samcodes standards committee chairperson Matt Mullins (left) and Mining Weekly Online's Martin Creamer

TNG signs HoA with BBI

By: Esmarie Swanepoel     12th June 2018 ASX-listed TNG has signed a heads of agreement (HoA) with infrastructure company BBI Group to assess potential commercial operations in Western Australia. BBI owns the Balla Balla vanadium/titanium/iron project, which is located on the Pilbara coast, and currently has a Joint Ore Reserves... 

Bellzone starts exploratory discussions to maximise Guinea assets’ value

By: Marleny Arnoldi     11th June 2018 Aim-listed Bellzone Mining has started discussions with a number of parties to explore options to potentially maximise the net present value (NPV) of its major assets, including the Konta port, its ferronickel project and the Kalia iron-ore project, all in Guinea.  

Farellon copper/gold mine on track to meet 5 000 t/m in June

By: Nadine James     8th June 2018 TSX-listed mineral exploration company Altiplano Metals has improved capacity at its Farellon copper/gold mine, in Chile, which was now on track to meet its targeted extraction rate of 5 000 t/ m later this month.   "Through professional management of extraction methods and operations, our team... 

MinRes amendments to Atlas offer opens door for ‘discussions’ with other parties

By: Esmarie Swanepoel     8th June 2018 Takeover target Atlas Iron on Friday confirmed that suitor Mineral Resources (MinRes) had amended certain clauses in the takeover offer, dropping the no-shop, no-talk and no due diligence clauses. Atlas told shareholders that the amendments to the offer allowed the company to explore... 

MinRes infrastructure project progresses

By: Esmarie Swanepoel     8th June 2018 ASX-listed Mineral Resources (MinRes) was expecting a State Agreement for its planned Pilbara infrastructure project before the end of the year. The company on Friday said that it was currently in negotiations with the Department of Jobs, Tourism, Science and Innovation on the terms of the State... 

No let up on calls for flow-through model to boost exploration

By: Martin Creamer     7th June 2018 The failure to raise risk capital for greenfields exploration in South Africa was highlighted at this week’s Junior Indaba, where there was no let up on calls for the adoption of a proven Canada-type flow-through share scheme, and ongoing criticism of the unintended consequences of South Africa’s... 

No let up on calls for flow-through model to boost exploration
Photo by Wynand van der Merwe
JSE business development manager Patrycja Kula-Verster

Fortescue gains 19.9% stake in Atlas Iron

By: Esmarie Swanepoel     7th June 2018 Iron-ore major Fortescue Metals has taken a 19.9% shareholding in fellow-listed Atlas Iron, and has revealed that it would not support a proposed takeover of Atlas by Mineral Resources (MinRes). Fortescue on Thursday revealed that it had acquired a 15% shareholding in Atlas, at a price of 4c a... 

Mandela Mining Precinct partner boasts simulation capabilities, serves as ‘test-bed’ for Mining 4.0 technologies 

By: Nadine James     7th June 2018 SiMINE @ Mandela Mining Precinct, located at Carlow Road in Johannesburg, effectively offers two core services – experiential mining simulation as well as a “test bed” for Mining 4.0 principles and systems – for the betterment of the industry, says SiMINE director Gary Lane. He explains that... 

Mandela Mining Precinct partner boasts simulation capabilities, serves as ‘test-bed’ for Mining 4.0 technologies
Gary Lane, Harry Sinko and Antony Mello discuss SiMINE's official launch.

Plan for mining community development levy scrapped

By: Bloomberg     6th June 2018 South Africa’s government has scrapped plans to compel mining companies to contribute 1% of their annual turnover to a new community development agency because it feared the funds could be abused, the nation’s mining minister said. The levy was proposed in a draft of the nation’s new Mining... 

Current mining ‘boom’ very different to last one – CRU

By: Martin Creamer     6th June 2018 A return of capital expenditure (capex) and inorganic sources of growth are seen as a key corporate priority for 2018 and beyond, CRU Group senior consultant Aleksander Popovic said on Wednesday. The provider of marketing intelligence to mining told the Junior Indaba that the company’s... 

Current mining ‘boom’ very different to last one – CRU
Photo by Dylan Slater
CRU Group senior consultant Aleksander Popovic

Frydenberg approves Tasmania iron-ore mine’s development

By: Esmarie Swanepoel     6th June 2018 Federal Environment and Energy Minister Josh Frydenberg has approved the Rogetta iron-ore mine, in Tasmania, for development. The project, which is being developed by unlisted Forward Mining, will comprise an opencut operation producing at a rate of one-million tonnes a year over a proposed... 

Frydenberg approves Tasmania iron-ore mine’s development

Govt creating junior miners’ fund, boosting geoscience, legitimising zama-zamas 

By: Martin Creamer     5th June 2018 The government is partnering the State-owed Industrial Development Corporation (IDC) to establish a junior miners’ fund that will provide exploration investment capital to black-owned emerging miners; it is also investing R20-billion in the Council for Geoscience to boost exploration as well as... 

Govt creating junior miners’ fund, boosting geoscience, legitimising zama-zamas
Mineral Resources Deputy Minister Godfrey Oliphant announces junior funding at Junior Indaba, covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

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