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Manganese News

Ramatlhodi mired in new mine rights row – newspaper

By: RDM News Wire      Updated 2 hours 51 minutes ago Aquila Resources‚ a subsidiary of China’s state-owned Baosteel‚ which has had a long-running battle with the Department of Mineral Resources over a manganese deposit‚ is poised to approach the courts to seek a judicial review if a resolution is not reached‚ Business Day reported. If the legal... 

Technology can assist in preventing mining fraud

By: Bruce Montiea Technology is increasingly being used in the mining industry to reduce fraudulent activities, says software development company Dariel. Dariel MD Malcolm Rabson notes that while illegal mining is a significant challenge, it is not only these undertakings that result in fraud, as “much of it... 

Technology can assist in preventing mining fraud
Photo by Bloomberg
STREAMLINING OPERATIONS With Dariel’s Weigh Bridge Connectivity solution, drivers who transport minerals have a radio-frequency identification card and vehicle number-plate recognition to prevent fraud

Assore earnings nose-dive amid weak iron, steel environment

By: Megan van Wyngaardt “Substantially” lower iron-ore and manganese prices and challenging operating conditions have contributed to JSE-listed Assore posting lower headline earnings and profit for the 2015 financial year. Headline earnings were down 53.3% to R2-billion, compared with R4.2-billion in the 2014 financial... 

EY’s Mining Eye index climbs for first time in a year

By: Henry Lazenby Professional services firm EY’s Canadian Mining Eye index has gained 4% during the three months ended June, recording a gain for the first time since the second quarter of 2014, compared with a 1% decline in the first quarter. The index outperformed the S&P/TSX Composite index, which slipped 2%... 

EY’s Mining Eye index climbs for first time in a year

TPT gets go-ahead to operate manganese terminal

By: Megan van Wyngaardt Cabinet has approved the issuing to Transnet Port Terminals (TPT) of a permanent operating licence to operate the manganese container terminal at the Port of Ngqura, near Port Elizabeth. This was in line with government priorities relating to Operation Phakisa on growing the country’s oceans... 

TPT gets go-ahead to operate manganese terminal
A railway bridge under construction at the Kgalagadi Manganese mine

Optimum rescue chance reasonable if Eskom deal renegotiated – Glencore

By: Martin Creamer The directors of Optimum are of the view that there is a reasonable prospect of rescuing Optimum Coal if the supply agreement with Eskom can be renegotiated, Glencore said on Thursday. Optimum Coal announced on August 4 that it had begun business rescue proceedings because of its continued and... 

Optimum rescue chance reasonable if Eskom deal renegotiated – Glencore
Coal renegotiation sought

TFR gears up for R176m manganese line shutdown

By: Creamer Media Reporter Railways utility Transnet Freight Rail (TFR) reports that it will spend R176-million during the annual maintenance shutdown of the manganese line, which will begin on August 11 and continue until August 20. The 965 km railway line spans two provinces, running between Swartkops and De Aar, in the... 

TFR gears up for R176m manganese line shutdown

Kenya's senate passes mining law

By: Reuters Kenya's mining ministry on Wednesday said the country's senate had passed a mining bill which will give the government a 10% stake in new projects, taking it a step closer becoming law. The bill was approved by the national assembly last year and now needs to be signed by President Uhuru... 

Kenya's senate passes mining law

Anglo to take up to $4bn impairment hit

By: Natasha Odendaal Mining giant Anglo American is preparing to take a $3-billion to $4-billion write-down for the first half of the year amid continued persistent price weakness and volatility of the bulk commodities, particularly iron-ore and metallurgical coal. The impairment followed a mid-year review of Anglo’s... 

Assore warns of lower FY earnings amid lower iron, manganese prices

By: Creamer Media Reporter JSE-listed mining holding company Assore expects its attributable earnings for the year to June 30 to decline to between R1.23-billion and R1.5-billion, from R4.01-billion in the prior financial year. Headline earnings were expected to fall to between R1.7-billion and R2.08-billion, from... 

South32 secures ICMM membership

By: Natasha Odendaal BHP Billiton spin-off South32 has successfully joined the International Council on Mining and Metals (ICMM), a move that is expected to deliver long-term benefits for the new globally diversified metals and mining company and its stakeholders. An independent expert review panel had recommended... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok

By: Martin Creamer The time had come for government and business to find ways and means of working together to end South Africa’s current economic stagflation crisis, United Nations Commission for Africa (UNCA) mineral value chain lead consultant, anti-apartheid struggle veteran and former African National Congress... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok
ANC MP Ben Turok

Gulf Manganese redrafts Timor smelter study

By: Mariaan Webb Australia-registered Gulf Manganese Corporation has redrafted its Timor smelter study, which shows that the project has the potential to return earnings before interest, tax, depreciation and amortisation (Ebitda) of $374.7-million over a ten-year period. The ASX-listed company, which published... 

M&R Cementation bags R4.8bn Kalagadi Manganese mining contract

By: Natalie Greve Mining contractor Murray & Roberts Cementation has been awarded a R4.8-billion, five-year mining contract for the Kalagadi Manganese operation, in the Kalahari basin. The three farms on which the mineral explorer held new-order mining rights were believed to hold some 960-million tons of... 

South32 delays restart of some S African ferromanganese furnaces

By: Megan van Wyngaardt Triple-listed South32 will delay the the restart of three of its four high-carbon ferromanganese furnaces at its Metalloys manganese alloy operation in South Africa, owing to a 20% decline in alloy prices.  The company noted on Tuesday that no permanent employees would be retrenched as a result... 

Jobless mining engineering graduates plead for look in

By: Martin Creamer Jobless mining engineering graduates are pleading for inclusion in South Africa’s mining industry in preparation for the sector’s inevitable upturn in the future. Speaking to Creamer Media’s Mining Weekly Online in a video interview on the sidelines of the Junior Indaba in Johannesburg, Society... 

Jobless mining engineering graduates plead for look in
Photo by Creamer Media
Smangaliso Musawenkosi (left) and Martin Creamer

South Africa’s geoscience ‘desperately’ underfunded – Nedbank Capital 

By: Martin Creamer Government geoscientists are desperately underfunded, which is depriving South Africa of the geological potential that is essential for minerals exploration. There is an absence of investment in large, regional geological exercises and masters students are not being trained in the... 

South Africa’s geoscience ‘desperately’ underfunded – Nedbank Capital
Photo by Duane Daws
Paul Miller

Excalibur hopes for manganese luck in Zambia

By: Esmarie Swanepoel Junior explorer Excalibur Mining has its eye on a manganese deposit in Zambia. The ASX-listed junior reported on Thursday that the company would partner with Pinto Minerals to acquire a 75% shareholding in Maybach Mining Services, which holds the early stage production asset. 

Transnet, labour unions sign three-year wage deal

By: Creamer Media Reporter Freight logistics group Transnet on Tuesday night signed a three-year wage agreement with the South African Transport and Allied Workers’ Union (Satawu) and the United National Transport Union (UNTU). The agreement will see bargaining unit employees receive increases of 7%, 7.5% and 8.25% in the... 

Transnet, labour unions sign three-year wage deal

Mining engineering graduates struggling to find jobs

By: Martin Creamer After decades of undersupply, mining engineering graduates are now struggling to find employment. Even more surprising, writes Professor Emeritus Huw Phillips in the latest edition of the Journal of the Southern African Institute of Mining and Metallurgy (SAIMM), is that some of the best... 

Mining engineering graduates struggling to find jobs
Photo by Duane Daws
Huw Phillips

Andile Sangqu to head Anglo South Africa 

By: Martin Creamer Andile Sangqu, former Xstrata and current Impala Platinum executive and new VP of the Chamber of Mines of South Africa, has sprung to further prominence as the new executive head of Anglo American South Africa. Anglo American plc also announced on Thursday that Kumba Iron Ore CEO Norman Mbazima... 

Andile Sangqu to head Anglo South Africa
Norman Mbazima (left) and Andile Sangqu

Study validates Gulf's Timor smelter plans

By: Esmarie Swanepoel A study into a smelting facility in Timor has validated ASX-listed Gulf Manganese’s aim to develop a smelting and sales hub for high carbon ferromanganese alloys in Timor. A financial analysis has revealed that the project would earn $623.8-million before interest, tax, depreciation and... 

Chamber reveals plan to get South Africa’s ‘great mining industry’ back on front foot

By: Martin Creamer The Chamber of Mines of South Africa on Wednesday revealed a strategic plan to get South Africa’s “great mining industry” back on the front foot. Speaking at the well-attended 125th annual general meeting (AGM) of the historic organisation, chamber president Mike Teke – who was re-elected for a... 

Chamber reveals plan to get South Africa’s ‘great mining industry’ back on front foot
Photo by Duane Daws
Chamber president Mike Teke (right) having a word with his vice-president Graham Briggs.

South32 in superb second-day share surge

By: Martin Creamer The share price of the new South32 mining company soared superlatively on day two. The demerged entity shot up 14% on the Australian Stock Exchange (ASX), rose 6.23% on top of Monday’s 3% rise in early morning trade on the Johannesburg Stock Exchange (JSE), and even closed higher at £1.08 a share... 

South32 in superb second-day share surge
Photo by Duane Daws
Mike Fraser at South32 listing in Johannesburg.

South32 shares rise on JSE debut, BHP Billiton shares fall

By: Martin Creamer Value generation from the assets of South32 in the months ahead of its debut on the Johannesburg Stock Exchange (JSE) is indicative the upside potential of the triple-listed BHP Billiton spin-off company, which saw its shares end up well in the money at the JSE's close on Monday and those of BHP... 

South32 shares rise on JSE debut, BHP Billiton shares fall
Photo by Duane Daws
Mike Fraser (left) with Martin Creamer at South32 listing.

March mining output up 18.8% y/y

By: Creamer Media Reporter Mining production increased by 18.8% year-on-year in March, with the highest positive growth rates recorded for platinum-group metals (PGMs), at 132.2%, manganese ore, at 17.3% and nickel at 15%. The main contributors to the 18.8% increase were PGMs, contributing 13.1 percentage points; coal,... 

IronClad proposes name change to Tyranna Resources

By: Esmarie Swanepoel ASX-listed IronClad mining on Friday proposed a name change to Tyranna Resources, following its successful merger with fellow-listed Trafford Resources, which became effective earlier this week. Trafford shareholders had voted in favour of the proposed merger, which would see shareholders... 

South32 set to hit ground running after 98% BHP 'yes' vote 

By: Martin Creamer The demerging South32 mining company, which is set to hit the ground running after receiving an overwhelming 98.05% yes vote from BHP Billiton shareholders on Wednesday, is at an advanced stage of planning a global shared service centre in South Africa, which will create 200 new quality jobs.... 

South32 set to hit ground running after 98% BHP 'yes' vote
Photo by Bloomberg
Andrew Mackenzie

Exploration and mine development up to 2.5 times more costly in Canada’s North

By: Henry Lazenby A new study has found that the cost to explore and build new mines is as much as 2.5 times higher in northern Canada, mainly as a result of a lack of critical infrastructure. The study, titled ‘Levelling the Playing Field’, found that the cost of mineral exploration and building and operating... 

Exploration and mine development up to 2.5 times more costly in Canada’s North

Production up at Glencore’s South African coal mines

By: Martin Creamer Production from Glencore’s South African thermal coal mines was 10% higher in the three months to end March. The London-, Hong Kong- and Johannesburg-listed diversified mining and marketing company, headed by CEO Ivan Glasenberg, said on Tuesday that the ramp up of its newly commissioned... 

Production up at Glencore’s South African coal mines
Photo by Duane Daws
Ivan Glasenberg

Creamer Media publishes Iron-Ore 2015: A review of the iron-ore sector electronic research report

Creamer Media’s Iron-Ore 2015 report provides an overview of the global iron-ore market, with particular reference to pricing, supply and demand, as well as the trade in iron-ore. It provides information on not only the major mergers and acquisitions, and the trade of iron-ore in the sector, but... 

Creamer Media publishes Iron-Ore 2015: A review of the iron-ore sector electronic research report

Strategic minerals and the aerospace and defence industries

By: Keith Campbell The term “strategic minerals” is one that is much used but one that, in the words of Brazilian minerals lawyer Raquel Quaresma de Lima, “does not have a steady definition”, while the Science and Technology Committee of the UK House of Commons has observed that there is “no single definition of... 

Strategic minerals and the aerospace and defence industries

South32 weakness hidden – Investec

By: Martin Creamer Good overall third-quarter production performance by BHP Billiton hid the weaker performance of most of the assets that make up South32, Investec Securities mining analyst Hunter Hillcoat says. BHP Billiton intends simplifying its portfolio by demerging the South32 metals and mining company,... 

South32 weakness hidden – Investec
Photo by Duane Daws
Graham Kerr

Vale reports record Q1 iron-ore output despite price rout

By: Henry Lazenby Brazil-based global miner Vale has reported record first-quarter iron-ore output despite a global supply glut that wis being compounded by waning demand from China, the world’s top importer of the steelmaking ingredient. For the three months ended March 31, total iron-ore output, excluding... 

Vale reports record Q1 iron-ore output despite price rout

Canada’s mining industry welcomes federal budget 

By: Henry Lazenby Canada's national mining association has welcomed the Conservative government’s balanced federal budget 2015, citing its pleasure with renewed funding for critical areas such as environmental assessments, the Major Projects Management Office, Aboriginal education and training, and geoscience.... 

Canada’s mining industry welcomes federal budget
Photo by Reuters
Canada's Finance Minister Joe Oliver on Tuesday tabled a C$990.3-billion balanced budget.

New dust buster initiative sounds potential death knell for silicosis scourge

By: Martin Creamer A spectacular new dust control system announced at a Chamber of Mines (CoM) of South Africa conference on Monday is described as the closest the industry has come to a silver bullet to put an end to the curse of silicosis and other lung diseases that have plagued the South African mining industry... 

New dust buster initiative sounds potential death knell for silicosis scourge
Photo by Duane Daws
Terence Goodlace

Solidarity vows to protect members amid Evraz business rescue

By: Natalie Greve Trade union Solidarity said on Wednesday that it would protect the interests of its members at Evraz Highveld Steel and Vanadium, in eMalahleni, after the company announced on Tuesday that it had entered into business rescue proceedings. Solidarity, which represented 350 of the company’s 2 400... 

Solidarity vows to protect members amid Evraz business rescue

Steel major Evraz Highveld files for business rescue

By: Natalie Greve Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium has initiated voluntary business rescue proceedings, citing an inability to meet its short-term obligations as a result of historical operating difficulties and sustained financial losses within a... 

Steel major Evraz Highveld files for business rescue
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