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Manganese News

Ferrex progresses DFS for Togo manganese project

By: Megan van Wyngaardt     Updated 27 minutes ago Aim-listed manganese development and iron-ore exploration company Ferrex on Monday reported that the definitive feasibility study (DFS) on its Nayega project, in northern Togo, was nearing completion. The company was now focused on accelerating the start-up model to export 250 000 t/y of... 

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee

By: Martin Creamer South Africa should seize the current timely opportunity to amend its mining taxation in a manner that encourages foreign investment, stimulates prospecting, gets mining companies to start dealing with marginal mines and gives enough back to the fiscus for the benefit of this country's people,... 

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee
Muhammad Saloojee

Pallinghurst shares rise on triple performance in troubled times 

By: Martin Creamer The shares of diversified mining company Pallinghurst rose by more than 4% in Johannesburg on Monday after the company reported a rise on the performance of its platinum, manganese and coloured gemstones business units during troubled times. In the 12 months to December 31, the JSE-listed... 

Pallinghurst shares rise on triple performance in troubled times
Photo by Duane Daws
Arne Frandsen

Zuma affirms Transnet’s OEM aspirations, reveals AU support for SA’s rail-champion role 

By: Terence Creamer President Jacob Zuma has described Transnet's first domestic production of electric locomotives in partnership with a Chinese railways group as a “significant step” in the evolution of Transnet Engineering into an original equipment manufacturer. He has also revealed that the African Union Heads... 

Zuma affirms Transnet’s OEM aspirations, reveals AU support for SA’s rail-champion role
Photo by Duane Daws
President Jacob Zuma tours Koedoespoort rail-engineering facility

Coal-rich South32 keen to help Eskom solve power issues – Kerr

By: Martin Creamer The BHP Billiton spin-off company South32, with large South African energy coal resources, would be keen to help State power utility Eskom solve some of its primary energy issues, South32 CEO-elect Graham Kerr said on Tuesday. Kerr was speaking to the media in a London teleconference call in... 

Coal-rich South32 keen to help Eskom solve power issues – Kerr
Photo by Bloomberg
Graham Kerr

Future lies in governments creating exciting legislative empowerment – Motsepe 

By: Martin Creamer Southern Africa’s economic future lies in the creation by governments of exciting legislative, regulatory and fiscal empowerment that stimulates private sector investment. That is the view of Patrice Motsepe, executive chairperson of South Africa’s black-controlled African Rainbow Minerals (ARM)... 

Future lies in governments creating exciting legislative empowerment – Motsepe
Photo by Duane Daws
Patrice Motsepe

ARM’s Motsepe urges serious govt intervention on Eskom let down

By: Martin Creamer Patrice Motsepe, chairperson of the black-controlled diversified mining company African Rainbow Minerals, on Monday urged the government to intervene seriously to establish Eskom as a competitive, cost-effective, reliable provider of electricity. Speaking at ARM’s presentation of interim results,... 

ARM’s Motsepe urges serious govt intervention on Eskom let down
Photo by Duane Daws
Patrice Motsepe

Across-board ARM review as earnings plunge 56%

By: Martin Creamer Black-controlled diversified mining company African Rainbow Minerals (ARM), which saw its half-year headline earnings plummet by 56%, is responding with an across-the-board review of its performance and expenditure. The JSE-listed company, headed by executive chairperson Patrice Motsepe, on... 

Across-board ARM review as earnings plunge 56%
Photo by Duane Daws
Patrice Motsepe

Expanding E Cape port moves to corner regional transshipment market

By: Natalie Greve Transnet Port Terminals (TPT) has the southern hemisphere transshipment market firmly within its crosshairs, having, thus far, injected some R14-billion into the development of the purpose-built Ngqura container terminal (NCT) at the Port of Ngqura, in the Eastern Cape – located within the... 

Expanding E Cape port moves to corner regional transshipment market
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

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Canadian fed and Ontario govts unveil supports for mining industry

By: Henry Lazenby Several federal departments of the Canadian government, as well as the Ontario provincial government, unveiled new measures and investments on Sunday to increase support and drive growth in the country's besieged mining industry. In a speech to the Prospectors & Developers Association of Canada,... 

Canadian fed and Ontario govts unveil supports for mining industry
Photo by Reuters
Canadian Finance Minister Joe Oliver

Ferrex raises funds for Togo manganese project

Aim-listed manganese development and iron-ore exploration company Ferrex has raised £835 000, before expenses, through the placing of 127-million new ordinary shares to provide working capital to finalise the construction of its flagship Nayega manganese project in Togo, West Africa. Ferrex had... 

South32 catalyst for next wave of productivity gains – BHP Billiton

By: Martin Creamer Mining giant BHP Billiton, which pulled a free cash flow rabbit out of the thrashed commodity price hat in the six months to December 31, intends the spinoff of South32 to be the catalyst for the new wave of productivity gains in the period ahead “because if you keep doing the same thing, you... 

South32 catalyst for next wave of productivity gains – BHP Billiton
Photo by Duane Daws
Peter Beaven

EY’s Canadian Mining Eye index falls 12% in Q4, lower oil prices provide some respite

By: Henry Lazenby Global professional services firm EY’s Canadian Mining Eye index fell 12% in the quarter ended December 31, compared with a 15% decline in the prior period. The index underperformed against the S&P/TSX Composite index, which fell 2% in the last quarter of 2014, while the London Metal Exchange... 

EY’s Canadian Mining Eye index falls 12% in Q4, lower oil prices provide some respite

Parliamentary minerals law review limited to four points

By: Martin Creamer The review of the Minerals and Petroleum Resources Development Act (MPRDA) Amendment Bill would be restricted to four recommendations and the focus would be on whether or not these passed constitutional and procedural muster, Mineral Resources Parliamentary Portfolio Committee chairperson... 

Parliamentary minerals law review limited to four points
Photo by Duane Daws
Ngoako Ramatlhodi

Mines are development engines for host countries – ICMM

By: Martin Creamer Mines are proven engines of economic development for host countries, which benefit significantly from the foreign direct investment (FDI) that mines attract as well as the export earnings that they generate, the International Council for Mining & Metals (ICMM) has found in a unique 214-country... 

Mines are development engines for host countries – ICMM
Photo by Creamer Media
Martin Creamer and Tony Hodge

Opposition calls on President to back Minister on developmental pricing issue

By: Martin Creamer Amidst apparent disagreement in his Cabinet about mining policy, President Jacob Zuma needed to step in and provide leadership so that potential mining investors had certainty about South Africa’s mining policy, Shadow Democratic Alliance (DA) Mineral Resources Minister James Lorimer has urged in... 

Opposition calls on President to back Minister on developmental pricing issue
Photo by DA.org.za
James Lorimer

Good governments assume lower commodity prices  

By: Martin Creamer The governments of resource-rich countries should base their financial planning on commodity prices that are lower than the year prior. Should actual commodity prices eventuate that are higher than those assumed, the additional revenue from the higher prices should be treated as a bonus and spent... 

Good governments assume lower commodity prices
Photo by Bloomberg
Jim O'Neill

Anglo American reports 25% drop in underlying earnings, $3.9bn in impairments

By: Megan van Wyngaardt Dual-listed mining giant Anglo American on Friday reported group underlying earnings before interest and taxes (Ebit) of $4.9-billion for the year ended December 31. This was 25% lower year-on-year, owing to sharply weaker commodity prices, partially offset by weaker producer country currencies... 

Anglo American reports 25% drop in underlying earnings, $3.9bn in impairments

Anglo may record noncash impairment charges in price plunge parry

By: Martin Creamer Given the sharply lower commodity price environment, particularly for bulk commodities, Anglo American said on Wednesday that it expected to record noncash impairment charges in its 2014 results. The London- and Johannesburg-listed diversified major, headed by CEO Mark Cutifani, added in a media... 

Anglo may record noncash impairment charges in price plunge parry
Mark Cutifani

Mining companies suffer $70bn in impairment losses – report

A recent survey revealed that major global mining companies had suffered impairment losses of $70-billion in 2013/14, reflecting the impact of the current low commodity price cycle. The ‘Mining Financial Reporting Survey 2014’, compiled by financial services firm KPMG, further revealed that... 

Mining companies suffer $70bn in impairment losses – report

Investors to blame for supporting dithering juniors

By: Henry Lazenby In the aftermath of several key mining-related indexes having dropped significantly since 2011, the mining industry as a whole, and particularly the junior explorers and project generators, have had to “reset” and undergo a paradigm shift from being project promoters to true value creators. This... 

Ministerial talk of a South African mining champion pleases analyst 

By: Martin Creamer Talk of restoring the lost iconic status of the South African mining industry has gladdened the London-based Investec Global Research Team. “We’re glad to see growing political pressure in South Africa to restore the premier status of the mining industry,” the analyst team said in a note on Friday. 

Ministerial talk of a South African mining champion pleases analyst
Photo by Duane Daws
Minerals Minister Ngoako Ramatlhodi

Waning investor confidence, weak commodity prices among factors limiting growth of African mining sector 

By: Jade Davenport Along with the Arctic, sub-Saharan Africa remains the most underexplored and highly prospective mineralised region on earth. However, despite its ‘open for business’ approach and myriad investment opportunities – in terms of greenfield and brownfield projects across the commodity spectrum –... 

Waning investor confidence, weak commodity prices  among factors limiting growth of African mining sector

Tenders being prepared for new terminals across SA ports system 

By: Terence Creamer Besides tenders for cruise terminals at the Cape Town and Durban harbours, Transnet National Ports Authority (TNPA) plans to release a series of request for proposals (RFPs) in the coming months for terminal prospects at a number of the country’s commercial ports. As landlord and ports master... 

Tenders being prepared for new terminals across SA ports system

Alliance formed to develop mine-to-market manganese-based batteries

By: Henry Lazenby Saskatoon, Saskatchewan-based Star Minerals Group has joined forces with Cooperative Mineral Resources (CMR) of Brainerd, in Minnesota, and Octopus Technologies (OTI) of Vancouver, in British Columbia, to develop a mine-to-market manganese-based battery technology. Star is a junior mining... 

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 signs R10bn aluminium supply deal with black consortium
Photo by Duane Daws
Graham Kerr with Lucas Msimanga, Sizwe Khumalo, Zodwa Manase and David Austin

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... 

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
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