R/€ = 15.10 Change: -0.03
R/$ = 12.35 Change: -0.02
Au 1329.18 $/oz Change: 3.43
Pt 928.50 $/oz Change: 9.66

Ferrous Metals News

Red Rock widens FY losses, but confident of stable financial position

By: Natasha Odendaal     24th November 2017 Despite having widened its losses for the year ended June 30, Aim-listed Red Rock Resources chairperson and CEO Andrew Bell on Friday assured shareholders that the company was in an improved financial position. Red Rock reported a post-tax loss of £1.1-million in 2017, increasing from the losses... 

Rio Tinto and Sinosteel extend iron-ore mining JV

By: Mariaan Webb     24th November 2017 Diversified mining group Rio Tino and its long-time joint venture (JV) partner, Sinosteel, have agreed to further extend their Channar iron-ore mining JV. The third extension will see an additional 10-million tonnes of iron-ore delivered into the JV from Western Australia. 

TNG receives R&D rebate

     24th November 2017 Strategic metals company TNG said on Friday it had received the full amount of its research and development (R&D) refund claim, totalling A$1.73-million. The claim covers eligible test work for the 2016/17 financial year under the federal government’s R&D tax incentive scheme. 

Various Moz mining projects making progress

By: Keith Campbell     24th November 2017 The Mozambican Government has approved a resolution authorising Capitol Resources, a subsidiary of British miner Baobab Resources, to undertake mining and related operations in the Chiúta district of Tete province, according to a statement by Cabinet spokesman Armindo Ngunga. The planned... 

Capabilities expanded to meet demand

By: Marleny Arnoldi     24th November 2017 Over the last few years, mineral testwork provider Maelgwyn Mineral Services Africa’s laboratory capabilities have expanded in accordance with industry demand.  

Company offers mine to market solutions

     24th November 2017 Combining concept-to-completion expertise with design and major project delivery capabilities for the minerals and metals sector, from bulk commodities to rare earths, professional services provider WorleyParsons offers its customers complete mine-to-market solutions from inception to... 

Company offers mine  to market solutions
MULTIDISCIPLIANRY APPROACH WorleyParsons takes a multidisciplinary approach, with teams comprising experts to identify challenges early and produce tailored strategies that mitigate risks

South32 bullish on aluminium, manganese, energy coal prospects

By: Mia Breytenbach     23rd November 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 bullish on aluminium, manganese, energy coal prospects
Photo by Bloomberg
South32 CEO Graham Kerr

Resources Watch 

     23rd November 2017 This week: Afritin targets Africa tin champion title, Namibia project upscaled to commercial production And, South Africa crucial to global chrome supply, Chromium 2017 hears 

Resources Watch
Resources Watch

Altiplano earns half of Comet JV; starts bulk sample

By: Henry Lazenby     23rd November 2017 Exploration junior Altiplano Minerals has earned a 50% stake in the Comet Joint Venture (CJV) with Comet Exploration, which is conducting exploration on the Farellon and Maria Luisa copper/gold development projects, in Chile. Headed by John Williamson, co-founder of Kaminak Gold, which discovered... 

Altiplano earns half of Comet JV; starts bulk sample
Photo by Altiplano Minerals
Farellon mineralisation, Chile

Mining contributes A$55bn to Qld economy in 2016/17

By: Mia Breytenbach     21st November 2017 The resources sector continues to drive employment and investment in Queensland, having contributed A$55.1-billion to the state’s economy in 2016/17 and supported the equivalent of 282 633 full-time jobs. This is according to the Queensland Resources Council’s (QRC’s) eighth yearly economic... 

Mt Peake business case improved in updated feasibility study

By: Mariaan Webb     20th November 2017 An updated feasibility study and financial model for the Mount Peake vanadium/titanium/iron project in the Northern Territory have lowered capital costs and improved financial parameters, setting the stage for strategic metals company TNG to move ahead and secure project funding. The updated... 

BHP-Vale deal distances Brazil mine from $53bn in lawsuits

By: Bloomberg     19th November 2017 It came down to the wire, but BHP Billiton, Vale SA and their Samarco joint venture managed to close a deal with prosecutors that distances the companies from 175-billion reais ($53-billion) in lawsuits. Their lawyers filed documents late Thursday requesting that the presiding judge suspend two... 

BHP-Vale deal distances Brazil mine from $53bn in lawsuits

Ferrexpo secures $195m loan

By: Megan van Wyngaardt     17th November 2017 Swiss headquartered iron-ore company Ferrexpo has signed a new secured three-year revolving credit facility of $195-million, arranged by BNP Paribas. The facility includes a syndicate of six international lenders and will amortise over eight quarters, with the final repayment due on December 31,... 

Arafak Q3 impacted by seasonal factors

By: Natasha Odendaal     17th November 2017 After delivering positive and robust first and second quarters, Nasdaq- and LSE-listed Afarak Group’s third quarter was hit by seasonal fluctuations. The group on Friday posted strong revenue growth on the back of higher ferrochrome prices and strong market fundamentals; however, profitability... 

Korab takes another look at Winchester

By: Esmarie Swanepoel     17th November 2017 ASX-listed Korab Resources has initiated an update to the prefeasibility study (PFS) of its Winchester magnesite project, in the Northern Territory, with the aim of incorporating the recent increase in global magnesium carbonate prices, potential changes to the mine lay-out and openpit contours,... 

Need for collaboration in CSR initiatives emphasised

By: Mia Breytenbach     17th November 2017 With the mining industry now recovering from the downturn in commodity prices, and a new balance emerging in the global demand and supply of minerals, now is the time to reflect, innovate and plan for a more resilient industry in the future, says Mineral Resources Deputy Minister Godfrey... 

'A good number of investors' considering countries offering better return-on-investment prospects than SA

By: Dylan Slater     17th November 2017 Mining policies imposed by the Department of Mineral Resources (DMR) on local industry are creating increased uncertainty for investors, a growing number of whom are considering investing in mining projects and exploration in other countries, with a greater chance of a healthier return on... 

'A good number of investors' considering countries offering better return-on-investment prospects than SA
Photo by Duane Daws
PAUL MILLER A significant volume of additional capital needs to be earmarked for every new mining project to account for risk associated with policy uncertainty

Bloom Lake restart breathes new life into Quebec/Labrador economies

By: Henry Lazenby     16th November 2017 Champion Iron Ore announced the official restart of the Bloom Lake mine, near Fermont, Quebec, on Wednesday, providing a healthy economic injection to the region through the employment of 450 people. Hitting a significant milestone only 19 months after acquiring the mothballed high-grade iron-ore... 

Bloom Lake restart breathes new life into Quebec/Labrador economies
Photo by Henry Lazenby
Caterpillar trucks stand at the ready to haul iron-ore at Champion Iron Ore's Bloom Lake mine, Quebec

Forecast iron-ore price drop influenced by Chinese economic refocusing

By: Megan van Wyngaardt     15th November 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,” said the firm on Wednesday, adding that,... 

India’s Steel Ministry seeks globally accepted regulations, tax for iron-ore mining

By: Ajoy K Das     15th November 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... 

Tharisa expects higher earnings

By: Martin Creamer     14th November 2017 Platinum group metals (PGM) and chrome coproducer Tharisa on Tuesday informed the market of higher upcoming 2017 financial year earnings. The company, headed by CEO Phoevos Pouroulis, foresees substantially higher earnings per share and headline earnings per share in US cents of 21c to 23c,... 

Tharisa expects higher earnings
Tharisa CEO Phoevos Pouroulis

South Africa crucial to global chrome supply, Chromium 2017 hears 

By: Martin Creamer     10th November 2017 South Africa is an irreplaceable supplier of chrome ore and ferrochrome, which is, in turn, an irreplaceable component of China-dominated stainless steel production, global delegates to last week’s well-attended Chromium 2017 conference heard. South Africa, as the dominant global chrome producer,... 

South Africa crucial to global chrome supply, Chromium 2017 hears
Tharisa Minerals COO Michelle Taylor at Chromium Conference covered by Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

In-house focus ensures continued growth

By: Robyn Wilkinson     10th November 2017 Industrial minerals and construction materials producer Afrimat is developing new marketing initiatives to strategically reposition some of its established products as it navigates the effects of rand volatility, market contraction and regulatory uncertainty in South Africa, and continues to... 

In-house focus ensures continued growth
A FORGOTTEN TREASURE CLC Builders Lime produced at Afrimat’s Cape Lime business, in the Western Cape, has been identified as a marketing priority

AEL Mining Services launches rock-breaking technology chair at University of Pretoria

By: Mia Breytenbach     10th November 2017 Johannesburg-headquartered developer, producer and supplier of commercial explosives AEL Mining Services has, in partnership with the University of Pretoria (UP), launched the AEL Mining Services Chair in Innovative Rock Breaking Technology, which will reside within the Department of Mining... 

AEL Mining Services launches rock-breaking technology  chair at University of Pretoria
CHAIRED PROJECT The first project from AEL Mining Services Chair in Innovative Rock Breaking Technology will be to determine safe blast-clearance radii for blasting

Modular Reflux Classifier launched

By: Mia Breytenbach     10th November 2017 Minerals and cement industry equipment and services supplier FLSmidth has officially launched its modular Reflux Classifier (RC) plant, which is suitable for fines gravity separation applications. This integrated engineered modular solution is based on a fundamental component – FLSmidth’s... 

Modular Reflux Classifier launched
Photo by Duane Daws
DEON DE KOCK With this modular plant, we can really live our vision by delivering that extra value

Political tension slows mining activity in Tanzania

By: Victor Moolman     10th November 2017 Despite the fact that political tension in Tanzania has impacted the mining industry, with several operations subsequently closing, SEW-EURODRIVE continues to have a strong presence in the country, with Tanzania as its main hub for East Africa. SEW-EURODRIVE South Africa national sales manager... 

Political tension  slows mining activity in Tanzania
NORMAN MALEKA There will be demand for after-sales support in Tanzania, owing to new industries established in the country

S Africa hosts 33rd Chromium Conference 

     9th November 2017 The 33rd Chromium Conference took place in Johannesburg this week with a record number of 260 delegates from across the world. Mining Weekly editor Martin Creamer speaks to Creamer Media's Sashnee Moodley about the headlines from the event. 

S Africa hosts 33rd Chromium Conference
S Africa hosts 33rd Chromium Conference

Mining technology gets boost from new Wits-Sibanye partnership

By: Martin Creamer     9th November 2017 Mining technology is being given a Fourth Industrial Revolution boost through the new partnership struck between precious metals mining company Sibanye-Stillwater and the Wits Mining Institute. Wits Mining Institute director Professor Fred Cawood outlined in a news release on Thursday that... 

Afarak shareholders seek board’s dismissal

By: Megan van Wyngaardt     9th November 2017 A group of Afarak shareholders, representing 10.86% of shares and voting rights, has asked to convene an extraordinary meeting of shareholders, where it will seek to dismiss the board, the LSE-listed miner said on Thursday. The meeting would further seek to address a number of issues, including a... 

Gulf secures power for Indonesian smelter

By: Esmarie Swanepoel     9th November 2017 ASX-listed Gulf Manganese has secured power for its Kupang smelting hub, in Indonesia. The company has inked a memorandum of understanding (MoU) with state-owned power utility PT PLN for the provision of up to 20 MVA power supply to the Kupang smelting hub facility, in West Timor. 

Zimbabwe invites investment in underground chrome mining 

By: Martin Creamer     8th November 2017 Zimbabwe on Wednesday invited investors to focus on underground chromium operations rather than cheaper strip mining operations, from which most of the country’s chromium ore is currently extracted. In a keynote opening address to the 33rd Chromium Conference, which is being held in South Africa,... 

Zimbabwe invites investment in underground chrome mining
Mining Weekly Online’s Martin Creamer reports on the Chromium Conference taking place in Johannesburg. Photographs: Duane Daws. Video: Nicholas Boyd. Video Editing: Lionel de Silva.

Zanaga iron-ore project granted environmental permit

By: Creamer Media Reporter      8th November 2017 The Ministry of Environment of the Republic of Congo (RoC) has granted Aim-listed Zanaga Iron Ore Company (ZIOC) an environmental permit for its Zanaga project. The permit covers the project's first phase of development, which is expected to produce 12-million tonnes of iron-ore. 

Zanaga iron-ore project granted environmental permit

Korab gets export capacity at Darwin

By: Esmarie Swanepoel     8th November 2017 Diversified explorer Korab Resources has inked a non-binding heads of agreement (HoA) with the Darwin Port operator to export some 500 000 t/y of magnesite rock through the port. The HoA included sub-leasing of the land, access to various port facilities, the use of loaders and other equipment,... 

Alderon confident in Kami project economics, sans Wabush pits

By: Henry Lazenby     7th November 2017 Maritime Canada-focused project developer Alderon Iron Ore has published details of an updated preliminary economic assessment (PEA) on the Rose deposit of its flagship Kamistiatusset project, located in the high-grade iron-ore rich Labrador Trough of Western Labrador. The latest PEA is an update... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate
Photo by Creamer Media
Investing in African Mining Indaba MD Alex Grose (right) and Martin Creamer

Canadian junior mining sector riding renewed wave of confidence

By: Henry Lazenby     7th November 2017 Despite signs of improved investor confidence in Canada's prolific junior mining sector – mainly driven by rising consumer technology demand for resources – analysts are warning that the market recovery is in a delicate phase and will require discipline to survive until more substantial commodity... 

Canadian junior mining sector riding renewed wave of confidence

Flinders finds A$5m facility for Pilbara project

By: Esmarie Swanepoel     6th November 2017 ASX-listed Flinders Mines has secured a A$5-million loan facility to complete the maturation work at its Pilbara iron-ore project, in Western Australia. The short-term loan facility can be drawn down in two tranches, with the first A$3-million available immediately, and the remaining tranche... 

Kogi awarded another licence at Agbaja

By: Esmarie Swanepoel     3rd November 2017 The Nigerian Ministry of Mines and Steel Development has granted ASX-listed Kogi Iron an additional mining lease covering some 4 km2. The lease is valid for a period of 25 years, and is renewable, Kogi told shareholders on Friday. 

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