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Manganese News

South32 to pay inaugural dividend despite significant revenue drop

By: Samantha Herbst     Updated 20 minutes ago Despite a 25% drop in revenue for the 2016 financial year, diversified mining major South32 announced on Thursday that it would pay an inaugural shareholder dividend of $0.01 a share, reflecting the company’s belief in its operations and the flexibility of its balance sheet. With revenue down... 

Skiptainer helps PE terminal increase manganese export volumes

By: Mia Breytenbach     12th August 2016 Port operator Transnet Port Terminals’ (TPT’s) skiptainer solution has proven successful in meeting rising demand for the export of manganese, says TPT Port Elizabeth (PE) terminal manager Nelisiwe Mbenekazi. She says that there was significant demand abroad for manganese, but TPT was unable to... 

Skiptainer helps PE terminal increase manganese export volumes
Photo by Duane Daws
MANGANESE FLOW Transnet Port Terminals handled 160 000 t since December in the 2013/14 financial year and expects to handle 1.6-million tons for the 2016/17 financial year

Steadily improving South African mine output to benefit Q2 GDP figures – economist

     11th August 2016 A steady improvement in mining activity in recent months should bode well for South Africa’s second-quarter gross domestic product (GDP) figures, BNP Paribas Securities South Africa economist Jeffrey Schultz commented on Tuesday. “On a quarter-on-quarter seasonally adjusted and annualised basis,... 

China's Guangdong sets up tribunal to handle zombie firms – media

By: Reuters     9th August 2016 China's Guangdong province has set up a special court to deal with disputes that arise from the closure of "zombie enterprises", the official China Daily reported on Tuesday. The Guangdong High People's Court unveiled a new tribunal on Monday to help settle legal issues that might arise from the... 

China's Guangdong sets up tribunal to handle zombie firms – media

Gulf Manganese buys smelters from South African company

By: Megan van Wyngaardt     8th August 2016 Australia-listed company Gulf Manganese has bought two ferromanganese smelting furnaces from South Africa-based Transalloys for its smelting hub in Kupang, Indonesia. Gulf will buy the two furnaces and related equipment for $1-million cash, while supplying Transalloys with up to 30 000 t/y of... 

Osisko reports 133% cash flow increase in Q2, sees record revenues, gold ounces earned

By: Samantha Herbst     5th August 2016 Precious metals royalty company Osisko Gold Royalties has seen a 133% year-on-year increase in cash flows from operating activities, reporting $15-million in cash flow achieved in the three months to June 30, on the back of record revenues and gold ounces earned. The TSX- and NYSE-listed company... 

Osisko reports 133% cash flow increase in Q2, sees record revenues, gold ounces earned
Canadian Malartic gold mine, Québec

Transnet outlines ‘low-road’ investment scenario amid demand uncertainty

By: Terence Creamer     2nd August 2016 State-owned freight logistics group Transnet reports that its multibillion-rand capital expenditure (capex) plan, which has already been rephased in response to weaker-than-expected market demand, could be further moderated under what it terms a “low-road scenario”. Outlining its revised capital... 

Transnet outlines ‘low-road’ investment scenario amid demand uncertainty

Most South32 operations meet, exceed guidance in maiden year

By: Mia Breytenbach     29th July 2016 Diversified major South32 says the completion of restructuring initiatives and the fact that production met or exceeded guidance for the 2016 financial year for the majority of its operations positions the company well to achieve its unit cost guidance in the new financial year. Despite a... 

Most South32 operations meet, exceed guidance in maiden year
Photo by Bloomberg
RECORD PRODUCTION Mozal Aluminium, in Mozambique, achieved a yearly production of 266 000 t in the financial year under review

Ruskoway outlines ambitious plans to develop diverse asset portfolio

By: Ilan Solomons     22nd July 2016 South African junior mining and exploration company Ruskoway is intent on developing its four diversified mineral resource projects in South Africa, says Ruskoway project manager Siyabonga Sibiya. The company’s Fonte Verde platinum-group metals (PGMs), nickel and copper deposit is located near... 

Ruskoway outlines ambitious plans to develop diverse  asset portfolio
IRON MINERALISATION Ruskoway’s latest testwork on Matayo has established that a final product of up to 69% iron maghemite can be produced

South32 on track to meet FY2017 cost guidance; FY2016 production in line with forecasts

By: Mia Breytenbach     21st July 2016 Diversified major South32 says the completion of restructuring initiatives and the fact that production met or exceeded guidance for the 2016 financial year for the majority of its operations is positioning the company well to achieve its unit cost guidance in the new financial year. Despite a... 

South32 on track to meet FY2017 cost guidance; FY2016 production in line with forecasts
Photo by Bloomberg
South32 CEO Graham Kerr

Anglo ups South African export coal output as diamond, iron-ore volumes fall

By: Martin Creamer     20th July 2016 Diversified mining company Anglo American upped South African export coal production in the three months to June 30, which saw local diamond and iron-ore output fall appreciably. While Eskom-related production remained broadly unchanged in the second quarter, export coal production rose 8% to... 

Anglo ups South African export coal output as diamond, iron-ore volumes fall
Photo by Duane Daws
Anglo American CE Mark Cutifani

Judgment shows courts won’t easily endorse Mining Charter III's blunt arithmetical quotas – Leon 

By: Martin Creamer     19th July 2016 Mineral Resources Minister Mosebenzi Zwane would do well to ponder last Friday’s landmark Constitutional Court judgment as he and his department mull public comments on the draft reviewed Mining Charter that he sprung on the South African mining industry in a surprise April gazetting. This is... 

Judgment shows courts won’t easily endorse Mining Charter III's blunt arithmetical quotas – Leon
Photo by Duane Daws
Herbert Smith Freehills’ Peter Leon,

Tax Bill throws up royalty surprises as Davis Tax Committee mulls broader mining reforms 

By: Martin Creamer     18th July 2016 The Taxation Laws Amendment Bill released on July 8 contains two surprise amendments to mineral royalty taxation on the eve of the Davis Tax Committee’s next mining tax report, which is expected to provide the royalty regime with much needed certainty. The two amendments proposed in the Bill,... 

Tax Bill throws up royalty surprises as Davis Tax Committee mulls broader mining reforms
KPMG tax head Muhammad Saloojee talks to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Gabon inaugurates Central Africa’s first school of mining

By: Ilan Solomons     15th July 2016 Gabon President Ali Bongo Ondimba, alongside São Tomé and Príncipe Prime Minister Patrice Trovoada, recently inaugurated the Moanda School of Mining and Metallurgy, which is also known as E3M, in the Haut-Ogooué province of Gabon. “This school responds to the need for greater diversification in... 

Gabon inaugurates Central Africa’s first school of mining
MOANDA SCHOOL OF MINING AND METALLURGY As the first institution of its kind in the subregion, the school will also enable Gabon to promote exchanges with the Central African subregion and beyond

Pneumatic equipment no longer centre stage, but still has place

By: Sebastian Whyle     15th July 2016 The uptake of pneumatic tools at mine sites has slowed, owing to new mining technology and techniques, equipment provider Borwa Mining Instruments MD Lebogang Matlou tells Mining Weekly.  

Pneumatic equipment no longer centre stage, but still has place
RIGOROUS REQUIREMENTS Mining companies are cleaning house, looking for genuine, nonfronting and reliable black-youth-owned mining suppliers

Mining production falls 4.4% y/y in May

     14th July 2016 South Africa’s mining production decreased by 4.4% year-on-year in May, driven by lower iron-ore and manganese ore production. Iron-ore output fell by 26.4% year-on-year, contributing -4.9 percentage points to the overall decrease, while manganese ore production was down 25.4% year-on-year,... 

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals

By: Henry Lazenby     8th July 2016 Bank of America Merrill Lynch (BofAML) has adjusted the price forecast for most mined commodities, citing increased market uncertainty favouring precious metals over the base metals pricing outlook. So far this year, mined commodities have rallied sharply, reinforcing analysts’ view that... 

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals
BofAML sees increased market uncertainty favouring precious metals over the base metals pricing outlook

Reactore Solutions

     8th July 2016 Reactore is a modular ERP system that is uniquely able to integrate with all major software and hardware systems in use at the majority of mines.  The solution is written with Scala, a reactive technology, providing real time data flow for timely scheduling and management of operations and... 

Reactore Solutions

Some services firms report business revival as several commodity prices rise

By: Henry Lazenby     6th July 2016 Certain mining services providers have reported increased interest from customers on both the investor and mining side, saying the slight recovery for many major commodities so far this year had translated into improved business. “Yes, there’s definite improvement in our business, especially... 

Some services firms report business revival as several commodity prices rise

Gold miners’ silicosis case could open floodgate for litigation in other sectors

By: David Oliveira     1st July 2016 The certification of class action status to current and former gold mineworkers suffering from silicosis and tuberculosis against more than 30 historic and current gold mining companies in South Africa potentially opens the door for similar litigation across several sectors, including those of... 

Glencore throws full weight behind transparency in money-to-govts report 

By: Martin Creamer     29th June 2016 Global diversified mining and marketing company Glencore threw its full weight behind complete openness in its maiden Payments-To-Governments Report 2015. In a 17-page outline, Glencore CFO Steve Kalmin provides an overview of the $5-billion it paid last year to 16 governments ranging from... 

Glencore throws full weight behind transparency in money-to-govts report
Photo by Duane Daws
Glencore CFO Steve Kalmin

Mining Indaba slashes prices for mining corporates

By: Martin Creamer     29th June 2016 Mining companies attending the upcoming Investing in African Mining Indaba in Cape Town will benefit from significantly reduced registration fees. Mining Indaba officials have introduced price reductions of up to 50% for the February 6 to 9 event, now in its twenty-third year. 

Mining Indaba slashes prices for mining corporates
Mining Indaba MD Jonathan Moore

Amec welcomes govt decision to extend interim relief of port charges

By: Samantha Herbst     28th June 2016 The Association of Mining & Exploration Companies (Amec) has welcomed the decision to extend the $2.50/t interim relief package at the Utah Point Bulk Handling Facility in Port Hedland for at least another 12 months. Western Australian State Development Minister Bill Marmion, together with... 

Gemco, land council ink agreements to benefit traditional owners

By: Samantha Herbst     28th June 2016 After three years of negotiations, traditional owners represented by the Anindilyakwa Land Council (ALC) and managers at the Gemco manganese mine have settled on a range of landmark agreements to substantially expand the Gemco mine, located on Australia’s Groote Eylandt, which will generate new... 

The MSA Group

     24th June 2016 Local mining consultancy The MSA Group provides exploration, geology, mineral resource, mining and environmental consulting solutions to a client base that includes some of the world’s largest multinational mining companies, as well as private equity and sovereign wealth funds, banks, governments... 

The MSA Group

Big boost for South African mining as old Comro reopens  

By: Martin Creamer     13th June 2016 The revitalisation of the South African mining industry through the resuscitation of research and development (R&D) is under way as an outcome of the Mining Phakisa, a strategy forged by 120 government, company, union and nongovernmental participants, who last year spent five weeks working... 

Big boost for South African mining as old Comro reopens
Mining Phakisa outcomes are spelt out to Mining Weekly Online’s Martin Creamer. Video and Editing: Nicholas Boyd.

Legal discretion dogging mine safety inquiries – Webber Wentzel 

By: Martin Creamer     10th June 2016 The only certainty about current enforcement of South Africa’s Mine Health and Safety Act is consistent uncertainty, says Webber Wentzel partner Kate Collier. Addressing a seminar on the way the Department of Mineral Resources (DMR) approaches senior mine management in the aftermath of serious... 

Legal discretion dogging mine safety inquiries – Webber Wentzel
Webber Wentzel partners tell Mining Weeky Online’s Martin Creamer of uncertainty being mining’s new certainty. Photographs: Duane Daws. Video & Video Editing: Nicholas Boyd.

TFR moves record 1.05Mt of manganese in May

     8th June 2016 Transnet Freight Rail (TFR) moved a record 1.05-million tons of manganese in May – a new monthly record – as a result of an improvement in operational efficiencies and an upturn in market conditions. “The record-breaking performance is due to a significant improvement in efficiencies across the... 

ANC in apparent Mining Charter reversal

By: Martin Creamer     3rd June 2016 The African National Congress (ANC) appears to have reversed its stance on the Mining Charter being enforceable under the Mineral and Petroleum Resources Development Act (MPRDA) of 2002, which is a major point of contention between the mining industry and government, as it confers legislative... 

ANC in apparent Mining Charter reversal
Photo by Duane Daws
Herbert Smith Freehills Africa partner Peter Leon

Prices worse than low-case scenario ever envisaged – South32

By: Samantha Herbst     2nd June 2016 Commodity prices have been worse than ASX-listed diversified mining company South32’s low-case scenario ever envisaged, said CEO Graham Kerr on Thursday. Reflecting on the company’s first anniversary since its spinoff from global major BHP Billiton last year, Kerr noted in an address to the... 

Prices worse than low-case scenario ever envisaged – South32
South32 CEO Graham Kerr

Gold will outperform, iron-ore to be avoided – Junior Indaba

By: Martin Creamer     2nd June 2016 Gold will be the commodity that will outperform in the next 12 months and iron-ore is the commodity investors should avoid at all costs during that period, junior miners voted on Thursday. The 220-strong audience at the Junior Indaba, also gave a thumbs down to manganese, as the second commodity... 

Gold will outperform, iron-ore to be avoided – Junior Indaba
Photo by Duane Daws
Junior Indaba panellists Tim Clark, Justin Froneman, Kieran Daly, Piet Viljoen and Henk de Hoop

Integrator has tools for long-term mining company success 

By: Martin Creamer     31st May 2016 With several major, junior and small minerals and mining services companies debt stressed, folding or in business rescue, former investment researcher Stephen Roper has come up with a longevity and success formula – with diamond consultant Dr John Bristow offering input. Accountant Roper and... 

Integrator has tools for long-term mining company success
Integrated Thinking Laboratory founder and CEO Stephen Roper talks to Mining Weekly Online’s Martin Creamer about the tools to extend the lives of mining companies. Photographs: Duane Daws. Video: Nicholas Boyd. Editing: Lionel da Silva

Mining ‘most transparent’ – Corruption Watch 

By: Martin Creamer     30th May 2016 The Chamber of Mines of South Africa on Monday welcomed the Corruption Watch report on transparency in corporate reporting, which found that South Africa’s most transparent companies came from the mining sector. Gold Fields, BHP Billiton and Anglo American Platinum come out tops in the report,... 

Mining ‘most transparent’ – Corruption Watch
Chamber CEO Roger Baxter

Commodity price indices rally as oil picks up where metals left off

By: Henry Lazenby     27th May 2016 Commodity price indices have rallied in recent weeks as strong performance by oil softened the lull in metals price movements. Scotiabank's commodity price index had improved by 4.5% month-on-month in April as energy gains more than offset metals weakness. 

Commodity price indices rally as oil picks up where metals left off

Responding to client demand

By: Kimberley Smuts     27th May 2016 Multidisciplinary professional services firm Hatch this year aims to enhance its service offering to its customers through the provision of Gateway Logistics. This system forms part of responding to the changing needs of clients and helping businesses adapt to unstable markets by launching a “new... 

Responding to client demand
SERVICE OFFERING ENHANCED Hatch Goba's Gateway Logistics includes international sourcing and procurement at the best quality and lowest cost

New acid mine water process has huge agri potential in arid areas   

By: Martin Creamer     25th May 2016 The newly developed process that yields handsome profits by converting acid mine water into valuable fertiliser materials, also has the potential to process South Africa’s large volumes of currently unusable brackish groundwater. The use of the process that eradicates acid mine drainage (AMD) for... 

New acid mine water process has huge agri potential in arid areas
Trailblazer Technologies director John Bewsey tells Mining Weekly Online’s Martin Creamer that the new acid mine water breakthrough could bring profitable agriculture to arid areas. Photographs: Duane Daws. Video: Nicholas Boyd. Video Editing: Lionel da Silva.

New highly profitable acid mine water solution unveiled  

By: Martin Creamer     24th May 2016 A process has been developed that yields handsome profits by converting acid mine water into valuable fertiliser materials. The process, which purifies the water free of charge, removes all of the total dissolved solids and converts them into saleable products. 

New highly profitable acid mine water solution unveiled
Trailblazer Technologies director John Bewsey shows Mining Weekly Online’s Martin Creamer his pilot plant that eliminates acid mine drainage at a handsome profit. Photographs: Duane Daws. Video: Nicholas Boyd. Video Editor: Lionel da Silva.

Alternative fundraising model seen flourishing but regulatory issues could stifle uptake in South Africa

By: Mia Breytenbach     20th May 2016 The mining industry is facing increasing risk averseness from equity and debt investors, owing to testing circumstances in the depressed global market, particularly with regard to falling commodity prices, slower economic growth in China and reduced mining production. Owing to traditional funding... 

Alternative fundraising model seen flourishing  but regulatory issues could stifle uptake in South Africa
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