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BHP Billiton signs R10bn aluminium supply deal with black consortium 

By: Martin Creamer The world’s biggest mining company BHP Billiton has agreed a R10-billion, five-year liquid metal supply contract with a black-controlled consortium in a transaction that gives the South African aluminium industry a shot in the arm. The diversified major, which is in the process of demerging its... 

BHP Billiton’s demerging Newco heading for May vote

By: Martin Creamer The demerging of a selection of BHP Billiton assets into a separate new company (Newco) was going according to plan and heading for a May vote, Newco CEO-elect Graham Kerr said on Monday. Responding to Mining Weekly Online during question time at a media conference on BHP Billiton selling its... 

BHP Billiton’s demerging Newco heading for May vote
Photo by Duane Daws
Graham Kerr with Lucas Msimanga and Sizwe Khumalo

Ntsimbintle targeting additional 800 000 t/y project

By: Leandi Kolver Broad-based black economic-empowered company Ntsimbintle Mining was targeting the development of a new 800 000 t/y manganese mine, in the central-northern part of the Kalahari basin, in the Northern Cape, Ntsimbintle director Justin Pitt has revealed. Speaking to Mining Weekly Online at a... 

Struggling miners see silver lining in FX, cheaper oil

By: Reuters Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize - weaker local currencies and falling oil prices that will help trim their costs. Metal prices have plunged to multi-year lows as the US dollar strengthened against a basket of... 

India faces grave situation in manganese supply

By: Ajoy K Das India would face a severe manganese demand/supply gap by 2020 and a drag on steel production in the country, according to the Indian Bureau of Mines (IBM). “A huge gap will persist in demand and supply position by 2020, which is a matter of grave concern and in the existing situation needs... 

Glencore's Q3 ferrochrome, coal, oil, copper production up

By: Martin Creamer The South Africa-centred ferrochrome production of diversified miner Glencore lifted in the third quarter, as did its global coal, oil and copper production. The London-, Hong Kong- and now also Johannesburg-listed global mining and marketing company, headed by CEO Ivan Glasenberg, said that its... 

Glencore's Q3 ferrochrome, coal, oil, copper production up
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Enviro permit granted for Nayega manganese project

By: Leandi Kolver Aim-listed iron-ore and manganese developer Ferrex on Thursday announced that the environmental permit for its Nayega manganese project, in Northern Togo, had been granted. The environmental permit set the conditions for the operation of the mine, with Ferrex noting that it was a major milestone... 

Less Eskom coal, fewer S African diamonds, less refined platinum, lower iron-ore sales – Anglo

By: Martin Creamer Diversified mining company Anglo American on Thursday reported 12% lower coal production for South Africa’s State electricity utility Eskom, 31% less refined platinum production, 4% lower iron-ore exports and fewer diamond carats from South African diamond mines, in the three months to September... 

Less Eskom coal, fewer S African diamonds, less refined platinum, lower iron-ore sales – Anglo
Photo by Duane Daws
Anglo CEO Mark Cutifani

Shaw River signs offtake deal with Noble

By: Esmarie Swanepoel ASX-listed Shaw River Manganese on Wednesday announced that it had secured an offtake agreement with Noble Resources International for up to 30 000 t of manganese from its flagship Otjozondu project, in Namibia. The sales contract was structured for fixed pricing, at different product... 

Exploration results confirm potential to boost Nayega resource

By: Leandi Kolver Exploration results from pit sampling at Aim-listed Ferrex’s Nayega manganese project, in Togo, have confirmed a number of targets with the potential to increase the project’s current Joint Ore Reserves Committee-compliant resource of 11-million tonnes, MD Dave Reeves said on Thursday. He noted... 

R50m virtual reality centre set to revolutionise mine design

By: Martin Creamer The University of Pretoria’s new virtual reality mine design centre, which is on track to go into test mode in April, is set to revolutionise both surface and underground mine design. A total of R50-million is being invested in the centre, which will be put into a three-month test phase ahead of... 

R50m virtual reality centre set to revolutionise mine design
Photo by Creamer Media
Prof Ronny Webber-Youngman (right) and Martin Creamer

Platinum producers top mining/metals companies in sustainability data transparency index

By: Tracy Hancock The 2014 IRAS Sustainability Data Transparency Index (SDTI) report has been published, with platinum producer Anglo America Platinum (Amplats) topping the mining/metals companies list and ranking second out of the more than 300 companies assessed throughout South Africa and across all sectors in... 

S Africa mine output down 10.1% in August

Mine production in South Africa decreased 10.1% year-on-year in August, as platinum group metals (PGMs) production fell 45%, diamond output 30.2% and other nonmetallic minerals 24.1%. Seasonally adjusted mining production fell 3.1% month-on-month in August, while mine output, on a seasonally... 

S Africa mine output down 10.1% in August

Moderate global economic growth outlook forces miners to keep promises

By: Henry Lazenby The most critical challenge miners needed to deal with during the next 12 months was to deliver on their promises of cost savings and regain the confidence of the capital markets, professional services firm KPMG Canada’s mining industry leader Lee Hodgkinson said on Thursday. Speaking to Mining... 

Moderate global economic growth outlook forces miners to keep promises

Solidarity, Assmang discuss alternatives to proposed retrenchments

By: Leandi Kolver Trade union Solidarity on Wednesday said it had been in discussions with the management of mining company Assmang, in Machadodorp, Mpumalanga, in an attempt to find alternatives to the retrenchment of as much as 60% of its employees. Solidarity said Assmang had, this month, sent the union a... 

Solidarity, Assmang discuss alternatives to proposed retrenchments

Nayega manganese mining permit award expected in Q4

By: Leandi Kolver Aim-listed iron-ore and manganese developer Ferrex expected the mining permit for its Nayega manganese project, in Northern Togo, to be awarded during the fourth quarter of the year, MD Dave Reeves said on Monday. He noted that the definitive feasibility study (DFS) for the 250 000 t/y manganese... 

Nayega manganese mining permit award expected in Q4

Smart governments encourage foreign investment – Glasenberg

By: Martin Creamer Smart governments encouraged foreign investment and ensured that they did not make it too difficult or impossible for companies to invest, Glencore CEO Ivan Glasenberg said on Wednesday. Glencore – which employs 42 500 people at its South African operations, 20 300 of them in coal and 22 200 in... 

Smart governments encourage foreign investment – Glasenberg
Photo by Duane Daws
Ivan Glasenberg and Martin Creamer

Mineral beneficiation, industrialisation key to development – Finance Minister 

By: Martin Creamer The key to the development of South Africa lay in mineral beneficiation and industrialisation in joint development with its regional neighbours, South Africa’s new Finance Minister Nhlanhla Nene told the Centre for Education In Economics and Finance (CEEF). Speaking at a CEEF dinner in... 

Mineral beneficiation, industrialisation key to development – Finance Minister
Photo by Duane Daws
Finance Minister Nhlanhla Nene

BHP Billiton’s Newco poised to benefit South Africa

By: Martin Creamer The assets that BHP Billiton plans to hive off into a new standalone global diversified metals and mining company generated sales revenue last year of close to $10-billion. In the last ten years, the commodities of the proposed new company (Newco) enjoyed an earnings margin – in earnings before... 

BHP Billiton’s Newco poised to benefit South Africa
Photo by Duane Daws
Newco CEO-designate Graham Kerr (right) and Martin Creamer

South Africa gets 200-job sweetener as BHP Billiton spins out Newco

By: Martin Creamer The world’s largest diversified mining company has created sweeteners for South Africa as it demerges and sets out to create a new global metals company that will have a third of its value made up of Southern African aluminium, manganese and energy coal assets. BHP Billiton CEO Andrew Mackenzie... 

South Africa gets 200-job sweetener as BHP Billiton spins out Newco
Photo by Bloomberg
Newco CEO-designate Graham Kerr

Major South African assets fail to make cut in BHP Billiton portfolio remake 

By: Martin Creamer Major South African asset classes have failed to make the cut in BHP Billiton’s latest portfolio remake announcement. Aluminium and manganese have been excluded by implication in BHP Billison's selection of iron-ore, copper, coal – with coking coal the likely preferred coal type over thermal... 

Major South African assets fail to make cut in BHP Billiton portfolio remake
BHP Billiton CEO Andrew Mackenzie

Shaw River secures loans for Namibian manganese project

By: Esmarie Swanepoel ASX-listed junior Shaw River Manganese has secured up to A$8-million under two separate loan facilities with Bryve Resources to advance its Otjozondu manganese project, in Namibia. The A$2-million would be covered under a convertible loan facility with Bryve, while the second would consist of a... 

Shaw River secures loans for Namibian manganese project

Operation Hurry Up on way for mining sector – Presidency Minister

By: Martin Creamer An Operation Phakisa (Hurry Up) for the mining sector, aimed at realising its full gross domestic product (GDP) potential, was on the way in consultation with all the key stakeholders, including the Chamber of Mines and organised labour, Minister in the Presidency Jeff Radebe said on Wednesday... 

Operation Hurry Up on way for mining sector – Presidency Minister
Photo by Duane Daws
Presidency Minister Jeff Radebe

OMH reports strong June quarter

By: Esmarie Swanepoel Manganese miner OM Holdings (OMH) has reported solid production during the three months ended June, with the miner producing 225 095 t of manganese product, grading 36.35% at its Bootu Creek mine, in the Northern Territory. This was compared with the 221 690 t, grading 34.75% reported in the... 

Anglo delivers ‘pleasing’ results despite headwinds

By: Natasha Odendaal Despite the headwinds faced by diversified miner Anglo American during the first half of the year, the group had delivered a “pleasing” performance at all its operations barring platinum. Anglo American CEO Mark Cutifani on Friday said the group posted 3% higher underlying earnings of... 

Anglo delivers ‘pleasing’ results despite headwinds
Photo by Duane Daws
Mark Cutifani

New metrics enhance transparency of gold miners’ cost reporting

By: Henry Lazenby The World Gold Council’s (WGC’s) supplementary ‘all-in’ cost metrics have helped gold miners to provide more external transparency regarding their cost reporting, while the metrics have enabled them to internally drive change by equipping employees to make better cost-related decisions. A year... 

New metrics enhance transparency of gold miners’ cost reporting

US miner receives $500 000 investment

California-based mining company Brazil Minerals (BMIX) announced in May that it received $500 000 when it sold Gemological Institute of America- (GIA-) graded diamonds, common stock and two-year options to four investors. The GIA-graded diamonds will be delivered over time until December 2015.... 

US miner receives  $500 000 investment
Photo by Duane Daws
SHINE ON BMIX is selling a portion of its production as polished diamonds, at much higher margins than rough diamonds

Anglo’s South African mines up output, platinum sales ‘normal’ despite strike

By: Martin Creamer Anglo American’s South African mines came to the party in the three months to June 30, with increased production across-the-board, including platinum supply “at normal levels” to all platinum customers, in spite of the fierce five-month strike in the platinum belt. The London- and... 

Anglo’s South African mines up output, platinum sales ‘normal’ despite strike
Anglo CEO Mark Cutifani

Aviation hitech flying into South African mining space

By: Martin Creamer Advanced aerospace high-technology is flying into South Africa’s changing mining space. French software company Dassault Systèmes, which has built entire aircraft technology platforms that provide three-dimensional (3D) visualisation for every aspect all the way to assembly, is now keen to... 

Aviation hitech flying into South African mining space
Photo by Duane Daws
Dassault Systèmes David Osborn

SADC countries have significant growth potential

By: Ilan Solomons While the mining industry across the Southern African Development Community (SADC) region has continued on a positive growth path – despite the tough economic climate – some investors have indicated that South Africa is losing its status as the “gateway to Africa”, according to professional... 

SADC countries have significant growth potential
Photo by Duane Daws
STILL RAKING IT IN The strength of Southern Africa as an investment destination is derived largely from the power of the South African economy

Noko suggests more frequent home visits for migrant miners

By: Martin Creamer Consideration should be given to the restructuring of shifts to allow migrant mineworkers from distant areas to go home more frequently, says AngloGold Ashanti executive VP sustainability David Noko. Noko, who has headed AngloGold’s social and sustainable development portfolio since June 2012,... 

Noko suggests more frequent home visits for migrant miners
AngloGold Ashanti's David Noko
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