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Ferrous Metals News

African Rainbow Minerals dividend payout soars to record level

By: Martin Creamer     7th September 2017 Diversified mining company African Rainbow Minerals (ARM), which saw its headline earnings soar in the 12 months to June 30, has catapulted its dividend to heady heights. The 189%-higher dividend of 650 cents a share is ARM’s highest dividend to date and the eleventh consecutive yearly dividend... 

Sandvik unveils new R15m local production facility, launches new LHD line 

By: Ilan Solomons     5th September 2017 Mining equipment and services provider Sandvik Mining and Rock Technology on Tuesday officially opened its new R15-million production unit in Boksburg. The opening of the new 1 500 m2 facility, which has ten production bays, coincided with the launch of the 5 t Sandvik LH115L low-profile load... 

Sandvik unveils new R15m local production facility, launches new LHD line
Sandvik Southern Africa sales area VP Simon Andrews and Ekurhuleni mayor Mzwandile Masina discuss the importance of Sandvik’s new production facility

Heavy haul rail industry urged to improve efficiencies

By: Kim Cloete     5th September 2017 The heavy haul industry should work hard to improve the efficiency of rail operations, cut costs of doing business and create internationally competitive supply chains, says Transnet Group CE Siyabonga Gama. He told delegates at the eleventh International Heavy Haul Association (IHHA) conference,... 

Heavy haul rail industry urged to improve efficiencies

Vital improves Watershed economics

By: Esmarie Swanepoel     5th September 2017 The share price of tungsten developer Vital Metals jumped by nearly 15% on Tuesday after the company announced that optimisation studies at its Watershed project, in far north Queensland, had boosted the project value. Metallurgical test work optimisation at Watershed has improved tungsten... 

Bamin inks MoU to develop Brazil-based iron-ore project

By: Schalk Burger     4th September 2017 Diversified resources producer Eurasian Resources Group’s (ERG’s) wholly owned Brazilian subsidiary, Bahia Mineração (Bamin), has signed a memorandum of understanding (MoU) with the Brazil state of Bahia and a consortium of Chinese companies to develop a $2.4-billion integrated mining and... 

Bamin inks MoU to develop Brazil-based iron-ore project

Mapochs mine to go under hammer for sale to highest bidder

By: Martin Creamer     4th September 2017 The Mapochs mine, which is in provisional liquidation with its mining right intact, is going under the hammer next Thursday, when it will be sold to the highest bidder. The mine, which supplied ore for the production of both steel and vanadium before Evraz Highveld Steel and Vanadium went into... 

Mapochs mine to go under hammer for sale to highest bidder
Mapochs mine

Fatalities serve to remind industry of necessity to achieve zero harm – DMR

By: Ilan Solomons     1st September 2017 The recent spike in fatalities at South African mines, with the most recent occurring at Harmony Gold’s Kusasalethu mine, near Carletonville, should serve as a timely reminder to the mining industry that a significant step change in health and safety practices is needed to ensure the goal of zero... 

Fatalities serve to remind industry of necessity to achieve zero harm – DMR
Photo by Creamer Media
Department of Mineral Resources chief inspector of mines Mthokozisi Zondi

Bauba swings to FY profit

By: Creamer Media Reporter      1st September 2017 JSE-listed Bauba Platinum swung to a net profit of R95.53-million in the financial year ended June 30, compared with a loss of R5.23-million in the prior financial year. The company’s only operating mine Moeijelijk resumed mining activities in January amid a significantly improved chrome ore market. 

Iron-ore snafu seen as cautionary tale in mining-friendly Chile

By: Bloomberg     1st September 2017 Chilean authorities’ handling of an iron-ore project has stoked a political storm that cost the jobs of two ministers. The industry hopes it will help keep politics out of projects in the future. In a country boasting strong institutions and clear rules of the game, a government committee’s... 

African market still supplier’s main growth area

By: Nadine James     1st September 2017 Mass accommodation product supplier Ascot Site Solutions affirms that Africa remains its primary market, as it is still its main growth area, with the company particularly focused on the continent’s Copperbelt region, stretching across Zambia and the Democratic Republic of Congo. The South... 

African market  still supplier’s main growth area
DIVERSIFIED CLIENT LIST The continued operation of existing mines, together with the company supplying products to other secturs, ensures that it is better positioned to handle a mining downturn

Despite high upfront costs, technology investments yield long-term savings – BMI

By: Mia Breytenbach     1st September 2017 With metals and mining companies increasingly investing in technology that will help reduce their carbon footprints, owing to the global drive to lower carbon emissions, meaningful efforts to improve environmental standards in the extractive industries require significant upfront costs, according... 

Despite high upfront costs, technology investments yield  long-term savings – BMI
LONG-TERM BENEFIT BMI expexts long-term cost savings to benefit companies that are ahead of the curve when it comes to prioritising green strategies

Red Metal Mining

     1st September 2017 Diversified project engineering house Red Metal Mining (RMM) is focused on the specialised design of cast resin dry-type transformers, mini substations and electrical automation systems required by mining and associated industries. “Wherever electricity is generated, distributed, or required, we... 

Red Metal Mining

Palladium-propelled US buy quickly paying its own way – Sibanye-Stillwater 

By: Martin Creamer     31st August 2017 Not only has the palladium price soared by 64% since Sibanye began discussions for the acquisition of Stillwater Mining, the world’s largest primary palladium producer, but the Stillwater operation itself has also performed well under its new owner. At current basket prices, Stillwater will pay... 

Palladium-propelled US buy quickly paying its own way – Sibanye-Stillwater
Sibanye-Stillwater CEO Neal Froneman speaks to Mining Weekly Online’s Martin Creamer on the Stillwater mine’s palladium endowment. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

NMDC slashes iron-ore production target by one third

By: Ajoy K Das     31st August 2017 India’s largest iron-ore miner, NMDC, has pruned its production target for 2018/19 from 75-million tons to 50-million tons. According to the company’s annual report, the lower production expectation is in response to an anticipated global downturn. 

Rio Tinto cuts ribbon at 16th iron-ore mine

By: Esmarie Swanepoel     31st August 2017 Mining major Rio Tinto has officially opened its $338-million Silvergrass iron-ore mine, in Western Australia. “Silvergrass is a great example of our value-over-volume approach in action as the mine will deliver the high-quality, low-cost ore used to maintain the world-class premium Pilbara... 

Rio Tinto cuts ribbon at 16th iron-ore mine

Tharisa, Lonmin in PGM-rich metal alloys accord

By: Martin Creamer     31st August 2017 Platinum- and chrome-mining company Tharisa is to commission a 1 MW pilot-scale furnace to produce metal alloys rich in platinum-group metals (PGMs). Tharisa, headed by CEO Phoevos Pouroulis, is taking this action through its beneficiation research and development subsidiary Arxo Metals, which... 

Tharisa, Lonmin in PGM-rich metal alloys accord
Tharisa CEO Phoevos Pouroulis

Vedanta appoints interim CEO

By: Creamer Media Reporter      30th August 2017 Diversified miner Vedanta Resources has appointed Kuldip Kaura interim CEO, effective September 1. Current CEO Tom Albanese will step down on August 31. 

Assore posts record headline earnings of R5.2bn as commodity prices rebound

By: Ilan Solomons     30th August 2017 Mining investment holding company Assore achieved a 199% increase in headline earnings to R5.2-billion for the financial year to June 30, compared with R1.7-billion in the previous year. Attributable earnings amounted to R5-billion, which was an improvement of 226% from 2016, which was also a... 

Assore posts record headline earnings of R5.2bn as commodity prices rebound
Photo by Assore
Assore CEO Charles Walters

Indian iron-ore exports rise, domestic price surges on strong international market

By: Ajoy K Das     30th August 2017 The rising international price of iron-ore has triggered a 10% spike in India’s domestic price and has raised the specter of shortages for domestic steel mills as larger volumes are being diverted for overseas shipments. Information collated from at least three miner-exporters with operations in... 

Iron-ore's kings spend again as China just can't stop buying

By: Bloomberg     30th August 2017 The biggest iron ore producers in Australia are spending as much as $10-billion on mines so they can keep pumping out shipments to China as demand in their biggest customer shows little sign of easing. Led by Rio Tinto Group, the nation’s top three exporters plan to add about 170-million metric... 

Champion secures financing, ten-year offtake from Glencore

By: Henry Lazenby     29th August 2017 Iron-ore mine redeveloper Champion Iron Ore has secured a funding commitment and a ten-year offtake agreement from global commodities giant Glencore International, the junior announced on Monday. The TSX- and ASX-listed firm, whose subsidiary Quebec Iron Ore (QIO) is restarting the high-grade... 

Champion secures financing, ten-year offtake from Glencore
Photo by Henry Lazenby
Caterpillar trucks on site at Champion Iron's Bloom Lake mine, in Quebec

‘Sharp turnaround’ for Atlas Iron in FY17

By: Esmarie Swanepoel     29th August 2017 Iron-ore miner Atlas Iron has swung back into black during the full year ended June, with the company reporting after-tax net profit of A$48-million, compared with a net loss of A$159-million in 2016. Revenue for the full year rose by 11% to A$871-million, while net operating cash flows... 

Northam Platinum set to self-fund R1.3bn capex programme 

By: Martin Creamer     29th August 2017 The capital expenditure of platinum-mining company Northam in this financial year is expected to reach the R1.3-billion mark, well above the R774-million in the 12 months to June 30. Northam, which is in the midst of significant expansion, sees project execution as the key to its foreseeable future. 

Northam Platinum set to self-fund R1.3bn capex programme
Northam Platinum CFO Ayanda Khumalo outlines financials to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Lionel da Silva

Vale redeems $1bn in debt; reveals $750m tender offer

By: Henry Lazenby     28th August 2017 Brazil’s Vale has redeemed $1-billion worth of 2019 bonds and will launch a $750-million tender offer for its 4.625% guaranteed notes due 2020. Subsidiary Vale Overseas notified its shareholders of the 2019 notes of its decision to redeem all the outstanding notes and pay the related ‘make-whole’... 

Vale redeems $1bn in debt; reveals $750m tender offer

Northam initiates R100m tailings retreatment project 

By: Martin Creamer     28th August 2017 A new R100-million tailings retreatment project has been initiated by platinum-mining company Northam at its Booysendal South asset, acquired from Aquarius Platinum. The project, which involves hydromining and the reprocessing of the of the Booysendal South tailings storage facility (TSF), aims... 

Northam initiates R100m tailings retreatment project
Northam Platinum CEO Paul Dunne outlines tailings project to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Lionel da Silva.

Platinum, palladium, rhodium on 3-way price parity path – Northam 

By: Martin Creamer     25th August 2017 The platinum group metals (PGM) market may be heading for three-way price parity, Northam Platinum CEO Paul Dunne pointed out when the company presented a 60% rise in operating profit to R614-million in the 12 months to June 30, reflecting the benefits of the company’s growth strategy,... 

Platinum, palladium, rhodium on 3-way price parity path – Northam
Northam Platinum CEO Paul Dunne and CFO Ayanda Khumalo at results presentation covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Corporate and govt cooperation needed to drive energy stability

By: Robyn Wilkinson     25th August 2017 There needs to be ongoing open dialogue between the corporate sector and government to ensure that energy supplies for mining projects are secured and stabilised timeously to take advantage of valuable economic opportunities in Africa, says Johannesburg-based consultancy Core Consultants founder... 

Corporate and govt cooperation needed to drive energy stability
LARA SMITH Governments’ lead times for approving new power plants in African countries are often too long, resulting in a failure to realise the full potential of valuable mining projects

Improve efficiencies before adopting new energy solutions

By: Robyn Wilkinson     25th August 2017 For many mines, there is still significant work to be done in terms of improving operating energy efficiencies, and a sound understanding of the benefits of digitalisation could be the key to unlocking considerable value in this endeavour, says professional services firm EY South Africa advisory... 

Improve efficiencies before  adopting new energy solutions
Photo by Bloomberg
STRATEGIC INVESTMENTS With a thorough understanding of its daily energy requirements, a mine can achieve clarity on where an injection of renewable energy can provide maximum benefit

Modular, mobile dry-type transformers ideal for Africa

By: Robyn Wilkinson     25th August 2017 As mining projects move into ever more remote locations in Africa, modular and mobile energy solutions – such as dry-type transformers – are gaining popularity, says transformer supplier Trafo Power Solutions MD David Claassen. 

Modular, mobile  dry-type transformers ideal for Africa
SAFER OPTION Dry-type transformers are completely flame-retardant and emissions free, using resin and vacuum-pressure impregnation to insulate windings and air as a cooling agent

Rental generators bridging solution for African mines

By: Robyn Wilkinson     25th August 2017 Energy solutions provider Aksa Power Generation expects a high demand in Africa, especially sub-Saharan Africa, for its new range of generators, as the mining industry begins to show signs of recovery and companies look to expand their operations in remote areas. 

Rental generators bridging solution for African mines
READY TO GO Aksa’s new generator rental fleet is well stocked and designed to operate in harsh conditions, providing the ideal interim power solution for mines expanding in Africa

Tax benefits for demonstrated energy savings at mines

     25th August 2017 Fuel solutions provider Masana Petroleum Solutions strongly urges companies to take advantage of the Section 12L Energy Tax Incentive, under South Africa’s Income Tax Act, before it is too late, as this opportunity is limited until 2020. 

Tax benefits for demonstrated energy savings at mines
FUEL FOCUS Masana offers mines high-performance products and fuel management systems for improved haul road efficiencies and reduced heavy equipment maintenance

Incremental improvements now leading to energy efficiency  

By: Robyn Wilkinson     25th August 2017 Having reached an advanced stage, power generation technology development has slowed worldwide, with companies instead intensifying their focus on the cumulative energy savings that can be realised through intensive equipment modifications and the disciplined application of existing technologies,... 

Incremental improvements now leading to energy efficiency
Zest WEG Group integrated sales executive Johan van Niekerk discusses the group’s energy efficiency technologies. Video and Editing: Lionel da Silva

Despite high upfront costs, technology investments reap long-term savings – BMI

By: Mia Breytenbach     24th August 2017 With metals and mining companies increasingly investing in technology that will help reduce their carbon footprints, owing to the global drive to lower carbon emissions, meaningful efforts to improve environmental standards in the extractive industries require significant upfront costs, according... 

Despite high upfront costs, technology investments reap long-term savings – BMI

South32 sees upswing in South African, Mozambique aluminium production

By: Mia Breytenbach     24th August 2017 Diversified miner South32 reported solid performances across its aluminium supply chain for the financial year ended June 30, with record production from Mozal Aluminium, in Mozambique, and near-record production at the Hillside aluminium smelter, in South Africa. “Our aluminium smelters and... 

South32 sees upswing in South African, Mozambique aluminium production
Photo by Bloomberg
South32 CEO Graham Kerr

Tharisa signs five-year chrome supply agreement with Tisco

By: Anine Kilian     24th August 2017 Platinum group metals and chrome coproducer Tharisa Minerals has entered into a five-year strategic cooperation agreement with steel producer Taiyuan Iron & Steel (Tisco’s) joint venture (JV) company Shanxi Taigang Wanbang Furnace Charge. Under the terms of the agreement, Tharisa will supply the... 

South32 aims to increase base metals exposure to tap into battery market

By: Esmarie Swanepoel     24th August 2017 Diversified mining company South32 is considering opportunities to enlarge its foray into the lithium-ion battery market, CEO Graham Kerr said on Thursday. The group, which swung back to the black in the 2017 financial year, is particularly keen on adding more base metals exposure to tap into... 

South32 aims to increase base metals exposure to tap into battery market
South32 CEO Graham Kerr

Meridian increases credit in support of Brazil gold exploration

By: Henry Lazenby     24th August 2017 TSX-V-listed manganese miner Meridian Mining has increased its credit facility from The Sentient Group by $500 000, to $7.5-million, in support of gold exploration initiatives at its flagship Espigão project, in Rondônia, Brazil. The company, which recently relocated its headquarters from... 

Ontario sets timeframe for road construction into Ring of Fire mining camp

By: Henry Lazenby     23rd August 2017 Following years of complex negotiations and several delays, the Ontario provincial government on Monday made the historic announcement that it would support and fund road proposals that will connect Northern Ontario’s far-flung First Nation communities and provide industrial road access to the... 

Ontario sets timeframe for road construction into Ring of Fire mining camp
The Ring of Fire’s rich ores are estimated to hold some C$60-billion worth of nickel/copper/platinum group metals mineral wealth

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