http://www.miningweekly.com
R/€ = 14.87 Change: -0.01
R/$ = 12.09 Change: 0.03
Au 1337.50 $/oz Change: 6.84
Pt 1004.00 $/oz Change: -12.20
 

Manganese News

China sets course for smooth economic transition and commodity price gains

By: Simon Rees     24th March 2016 The retreat of commodity prices on the back of China’s economic shift belied rising levels of uptake and the likelihood of an upcycle later in the decade, CRU Group managing consultant Philip Macoun told an audience at the recent Prospectors and Developers Association of Canada convention.... 

KPMG calls for levelling of mine rehab playing field

By: Martin Creamer     24th March 2016 KPMG corporate tax head Muhammad Saloojee wants the tax authorities to level the mine rehabilitation playing field by ensuring that mine rehabilitation insurance premiums are tax deductible. His commentary to Creamer Media’s Mining Weekly Online comes against the background of a tax ruling that... 

KPMG calls for levelling of mine rehab playing field
Photo by Duane Daws
Muhammad Saloojee

Motsepe spells out difficulty of retaining mandatory BEE ownership in perpetuity  

By: Martin Creamer     16th March 2016 The difficulty companies have in preventing their mandatory black economic empowerment (BEE) ownership arrangements from unravelling when BEE shareholders sell out is highlighted by top South African business leader Patrice Motsepe’s personal experience of BEE undoing within his diversified... 

Motsepe spells out difficulty of retaining mandatory BEE ownership in perpetuity
African Rainbow Minerals executive chairperson Patrice Motsepe outlines to Mining Weekly Online’s Martin Creamer how black economic empowerment shareholdings unravel. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Motsepe calls on South Africans to come together to boost economy  

By: Martin Creamer     11th March 2016 Top South African business leader Patrice Motsepe on Friday made an impassioned plea to all South Africans, irrespective of political affiliation, to close ranks and focus on building an economy that is sufficiently strong to benefit the country’s entire population. Speaking at the presentation... 

Motsepe calls on South Africans to come together to boost economy
African Rainbow Minerals CEO Patrice Motsepe tells Mining Weekly Online’s Martin Creamer of the need for government and business to move closer. Photographs: Duane Daws. Video: Darlene Creamer. Video Editing: Lionel da Silva

Mining output continues contraction in January

By: Natasha Odendaal     10th March 2016 South African mining has had a “poor start” to the year, leaving investors “cautious” on the outlook for the mining sector for the year after seeing production “slipping deeper” into negative growth territory in January. Mining production contracted 4.5% year-on-year, from a downwardly revised... 

Mine closure option coming to fore as mine sale attempts drag

By: Martin Creamer     10th March 2016 Because most mining majors are steering clear of giving their mining assets away at fire sale prices, the expectation is growing that care-and-maintenance closure options may take centre-stage. As things stand, for-sale notices are ubiquitous, with the likes of Anglo American, Freeport-McMoRan,... 

Mine closure option coming to fore as mine sale attempts drag
Photo by Bloomberg
Andrew Forrest reiterates call for iron-ore inquiry.

Kalagadi offers reward after cable theft halts mine ops

By: Anine Kilian     10th March 2016 Kalagadi Manganese has appealed to members of the public to come forward with information related to copper cable theft that has halted operations at its Hotazel mine, in the Northern Cape.   The incident, which took place on Monday night, caused millions of rands worth of damage to the affected... 

Moody’s cuts BHP’s debt rating

By: Henry Lazenby     4th March 2016 Investment risk ratings agency Moody’s Investors Service on Thursday cut the world’s largest miner BHP Billiton’s debt rating from A1 to A3, mentioning the deterioration in the company's earnings and cash flow, which has led to significantly weaker credit metrics. The outlook for all ratings of... 

Subscription Offer: Two-years for the price of one

     29th February 2016 Subscribe to Engineering News and Mining Weekly for two years, but only pay for the first year.  The weekly editions of Engineering News and Mining Weekly will be posted to your preferred postal address and also gain access to: 

Subscription Offer: Two-years for the price of one

Manganese writedowns push South32 to $1.7bn half-year loss

By: Reuters     25th February 2016 Australia's South32 on Thursday reported a first-half loss of $1.7-billion, hurt by big writedowns for its manganese and energy coal businesses. South32 is the dominant global producer of manganese, and has interests in alumina, silver, nickel and coking coal - industrial mainstays hard hit in... 

Gulf Manganese appoints former BHP exec to its board

By: Creamer Media Reporter      18th February 2016 ASX-listed Gulf Manganese has appointed Andrew Wilson to its board as a nonexecutive director with immediate effect. Wilson served as president director of BHP Billiton Indonesia between 2000 and 2007 and was also a director of the Indonesian Mining Association. He was based in Jakarta, had... 

Anglo suffers two rating downgrades

By: Martin Creamer     17th February 2016 Credit ratings agency Fitch on Wednesday lowered Anglo American’s credit rating to junk status with a negative outlook, two days after Moody’s Investors Service made a similar assessment. Fitch reduced the London-listed company’s rating to BB+ from BBB- in the wake of Moody's citing doubts over... 

Anglo suffers two rating downgrades
Anglo CFO René Médori

Anglo amputating to improve survival chances – Investec

By: Martin Creamer     17th February 2016 The formerly widely diversified mining company Anglo American, which on Tuesday opted to jettison two-thirds of its minerals base by number, is engaging in widespread disposals to improve its chances of survival, Investec Securities commented on Wednesday. Driving Anglo’s “shrink-to-survive”... 

Anglo amputating to improve survival chances – Investec
Photo by Duane Daws
Platinum fuel-cell driven locomotive in platinum mine

Kumba shares soar as new Anglo American makes its entry 

By: Martin Creamer     16th February 2016 The share price of Kumba Iron Ore rose sharply on Tuesday after its controlling shareholder, Anglo American, unveiled a new look, which involves exiting iron-ore. Anglo announced that it would now focus on diamonds, platinum and copper and that its interests in iron-ore, coal, manganese, nickel,... 

Kumba shares soar as new Anglo American makes its entry
Photo by Duane Daws
Mark Cutifani

Mining stocks resemble ‘a big Walmart sale’ as low commodity prices persist

By: Henry Lazenby     12th February 2016 Sentiment remain negative about the mining and oil and gas industries as the super cycle nears a protracted potential bottom, resulting in dwindling market capitalisations for companies large and small and cruelly undervalued stock prices – creating a buyer’s market for the savvy investor. Chief... 

Mining stocks resemble ‘a big Walmart sale’ as low commodity prices persist

Glencore reports lower FY coal, copper output

By: Creamer Media Reporter      11th February 2016 Output across most of diversified major Glencore’s production categories fell in 2015, with coal output down 10% year-on-year, copper production 3% year-on-year and nickel 5% year-on-year. Coal production decreased to 131.5-million tonnes, owing to the curtailment of production in response to... 

Glencore reports lower FY coal, copper output

Manganese needs disciplined supply approach – South32 

By: Martin Creamer     8th February 2016 Mining is good for the world if done sustainably, South32 CEO Graham Kerr said on Monday. Speaking at the Investing in African Mining Indaba, Kerr said the current challenge was around excess supply, which was putting long-term sustainability at risk. 

Manganese needs disciplined supply approach – South32
Photo by Bloomberg
South32 CEO Graham Kerr

Proposed MPRDA amendments lack clarity

By: Nadine James     29th January 2016 While the proposed amendments to the Mineral and Petroleum Resources Development Act (MPRDA) contain positive aspects, in a broader sense, they are flawed, particularly in terms of the applications and appeals processes regarding mining rights, says Hogan Lovells partner and head of mining Warren... 

Proposed MPRDA amendments lack clarity
WARREN BEECH The amendments pertaining to appeals will adversely impact mining right applicants in terms of starting the process of securing operations funding and their contractual obligations

Mining needs critical legal regulatory matters resolved

     29th January 2016 There will be many critical legal and regulatory issues facing the mining industry in 2016, says Chamber of Mines (CoM) legal head Lerato Legong. He claims that “one of the most important is going to be the review of the Mining Charter, which will likely lead to the development of the third... 

Mining needs critical legal regulatory matters resolved
Photo by Bloomberg
MOSEBEZI ZWANE The Chamber of Mines expects that the Mineral Resources Minister and his department will deal with a number of regulatory issues in the coming year

Mine health, safety amendment still not effective

By: Nadine James     29th January 2016 Two of the additional regulations pertaining to the operation of  diesel-powered trackless mobile machinery (TMM) on mines – which were published in February 2015 – remain inoperable, as the Department of Mineral Resources (DMR) has yet to stipulate a date when the specific obligations come into... 

Mine health, safety amendment still not effective
Photo by Bloomberg
AVERTING COLLISIONS Several of the new regulations regarding Trackless Mobile Machinery are meant to prevent or reduce collisions

Delayed MPRDA Amendment Bill unfavourable

By: Nadine James     29th January 2016 It is more than a year since the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill was referred back to Parliament by President Jacob Zuma for reconsideration. According to the latest available public record, more parliamentary committee meetings to reconsider the Amendment... 

Delayed MPRDA Amendment Bill unfavourable

Crucial decision needed on empowerment levels

By: Nadine James     29th January 2016 An urgent court judgment needs to be made to determine the empowerment levels in South Africa’s mining industry, as this will most likely impact on the future alignment between the Department of Trade and Industry (DTI) codes and the Mining Charter, stresses Cliffe Dekker Hofmeyr director of... 

Crucial decision needed on empowerment levels
ALLAN REID Aligning the Mining Charter with the Department of Trade and Industry codes will be challenging, regardless of the Department of Mineral Resources' 12-month extension

Anglo’s all-in 2015 production up despite stuttering South African inputs

By: Martin Creamer     28th January 2016 The 2015 full-year production of Anglo American increased by 5% on a copper equivalent basis, despite lower iron-ore and thermal coal contributions from South Africa and a flat performance by platinum. The London- and Johannesburg-listed diversified mining company said in a production report on... 

Anglo’s all-in 2015 production up despite stuttering South African inputs
Anglo's Goedehoop Colliery

Woodie Woodie closes as manganese price makes mine unviable

By: Esmarie Swanepoel     25th January 2016 Unlisted Consolidated Minerals at the end of last week suspended operations at its Woodie Woodie manganese mine, in Western Australia, citing the current record low price for manganese ore. The company said that the decision to transition the Woodie Woodie mine into care and maintenance would... 

Grange cuts staff numbers at Savage River

By: Esmarie Swanepoel     25th January 2016 Up to 55 staff would be made redundant at the Savage River operation, in Tasmania, as iron pellet producer Grange Resources accelerated its ongoing cost reduction strategy. The ASX-listed company had previously warned of redundancies at the Savage River mine, citing continued weakness in the... 

Shaw River calls in administrators

By: Esmarie Swanepoel     25th January 2016 Namibia-focused Shaw River Manganese on Monday went into voluntary administration, after the price of manganese fell by more than 50% since 2015. The ASX-listed company told shareholders on Monday that while it had a credit line with a major shareholder that had not yet been exhausted, beyond an... 

Networking at every turn

By: Kimberley Smuts     22nd January 2016 Event organiser Mining Indaba recognises that one of the most critical functions of the Investing in African Mining Indaba conference is to create a platform that allows all those operating in the African mining sector to engage. The annual Mining Indaba taking place from February 8 to 11 at the... 

Networking at every turn
NETWORKING OPPORTUNITIES ABOUND Mining Indaba has again allocated specific times for networking over the course of the event to allow delegates to set up meetings and take advantage of the opportunity to meet new business contacts

Key speaker to address investment options at Indaba

By: Mia Breytenbach     22nd January 2016 International financial institution World Bank Group VP Makhtar Diop will be a key speaker at this year’s Investing in African Mining Indaba as well as being part of the market panel titled ‘Driving Investment in African Infrastructure - what are the investment options?’. The Mining Indaba will... 

Key speaker to  address investment options at Indaba
Photo by Duane Daws
MAKHTAR DIOP Despite the slowdown of Africa’s biggest economies, the gross domestic product in the region is expected to pick up to an average of 4.4% and 4.8% in 2016 and 2017, respectively

Applied Mineral Technologies

     22nd January 2016 Witbank-based Applied Mineral Technologies (Amtec) specialises in the fabrication and construction of materials handling systems and processing plants. “Amtec is especially proficient and experienced in brownfield and shutdown construction activities having successfully undertaken many... 

Applied Mineral Technologies

South32 maintains 2016 guidance despite lower Q2 output

By: Esmarie Swanepoel     21st January 2016 Diversified spin-off South32 on Thursday reported that it was on track to meet production guidance for the majority of its operations, despite reporting a drop in second-quarter and half-year output. During the quarter ended December, South32 reported a 41% year-on-year decrease in metallurgical... 

South32 maintains 2016 guidance despite lower Q2 output
South32 CEO Graham Kerr

Policy uncertainty, DMR leadership ‘challenges’, weak prices bode ill for mining sector in 2016

By: Jade Davenport     15th January 2016 Over the last few years, South Africa’s mining industry has staggered into the new year increasingly the worse for wear having been ravaged by a myriad of challenges over the course of 2015 not least of which have included mineral-policy uncertainty, labour-management disputes, waning investor... 

Policy uncertainty, DMR leadership ‘challenges’, weak prices bode ill for mining sector in 2016

Globex acquires second New Brunswick mining project

By: Henry Lazenby     7th January 2016 North American project developer and royalty firm Globex Mining Enterprises has acquired a second project in the Eastern Canadian province of New Brunswick, giving it an advanced-stage undertaking with a previously defined compliant inferred resource statement. Under terms of the purchase... 

Crisis excellent opportunity to rescue mining – Motlanthe 

By: Martin Creamer     7th January 2016 The current crisis in South Africa’s mining industry should be grasped as an excellent opportunity to introduce material change through an effective joint organising body that gets things done within specified timelines. “We’re in a rut and need to pull ourselves out of it together,” says former... 

Crisis excellent opportunity to rescue mining – Motlanthe
Mining Weekly Online’s Martin Creamer talks to former President of South Africa and labour union leader Kgalema Motlanthe on how the declining mining industry can be rebuilt. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

OMH calls in administrators for subsidiary

By: Esmarie Swanepoel     5th January 2016 Embattled manganese miner OM Holdings (OMH) has called in administrators for its subsidiary OM Manganese (OMM), which manages the Bootu Creek project, in the Northern Territory. Operations at Bootu Creek were suspended in December last year as a direct result of the ongoing and material fall in... 

Pan African Minerals to seek compensation from Burkina Faso

By: Reuters     22nd December 2015 Pan African Minerals, a unit of Romanian-Australian resource tycoon Frank Timis's mining conglomerate, will seek compensation from Burkina Faso for losses incurred during a suspension of its Tambao manganese mine, a company executive said on Tuesday. The West African nation's transitional... 

Pan African Minerals to seek compensation from Burkina Faso
Photo by Duane Daws
Manganese.

OM Holdings suspends Bootu Creek ops

By: Esmarie Swanepoel     15th December 2015 Manganese miner OM Holdings on Tuesday announced the temporary suspension of operations at its Bootu Creek mine, in the Northern Territory. The miner told shareholders that the suspension was as a direct result of the ongoing and material fall in the manganese price. 

Tshipi to slash manganese exports, labour force amid depressed market

By: Natalie Greve     14th December 2015 Tshipi é Ntle Manganese Mining will reduce exports over the the next three months by at least 35%, and by 30% in 2016, and has also started with a restructuring process that could see it cutting its workforce by up to 60%, it said on Monday. The company noted in a statement that it sought to... 

OM Holdings shares tumble on Bootu Creek news

By: Esmarie Swanepoel     11th December 2015 The share price of ASX-listed OM Holdings dropped by 21% on Friday after the company confirmed that it was conducting a detailed review of its Bootu Creek manganese project, in the Northern Territory. Reports emerged this week that the company had halted production at the mine and had dismissed... 

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close