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Nickel News

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

By: Martin Creamer     Updated 1 hour 46 minutes ago 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... 

Mining Indaba slashes prices for mining corporates

By: Martin Creamer     Updated 3 hours ago 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

BMI lifts thermal coal price outlook; says nickel has bottomed

By: Henry Lazenby     29th June 2016 Fitch group research firm BMI has raised its thermal coal price forecasts on the back of a more aggressive contraction in global mine output than initially expected, mainly in China. The firm now forecast Newcastle coal to average $53/t in 2016, up from $51/t, and $57/t in 2017, up from a... 

First ore mined in development at Independence’s Nova project

By: Creamer Media Reporter      28th June 2016 Base metals miner Independence Group has mined the first development ore at the Nova project, in Western Australia. The company reported on Tuesday that the mining of the first ore was an important milestone as work progressed to complete construction and development of the nickel/copper/cobalt... 

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

Call for bargaining council to protect workers amid mining accidents in Botswana 

By: African News Agency      23rd June 2016 The Botswana Mine Workers Union (BMWU) has urged the government to set up a bargaining council to safeguard the welfare of workers who suffer crippling and fatal injuries while working in the mines. The call came after one Bamangwato Concession Limited (BCL) worker suffered a broken hip bone... 

Average capex overrun for mining companies hits 37% – EDC study

By: Simon Rees     20th June 2016 The average cost overrun for mining projects studied by Export Development Canada (EDC) has reached 37% over the capital expenditure (capex) budgeted, EDC managing principal Tin Lwin told an audience at a recent meeting of the Canadian Institute of Mining’s Management and Economics Society in... 

Average capex overrun for mining companies hits 37% – EDC study

WA’s EPA recommends conditional approval for new nickel mine

By: Creamer Media Reporter      20th June 2016 The Environmental Protection Authority (EPA) of Western Australia on Monday recommended that the Environment Minister approve the Wingellina nickel project, which ASX-listed Metals X was developing. EPA chairperson Dr Ton Hatton said the mine’s proposal was assessed at a high level of... 

Ambatovy JV defers principal payment, Sherritt continues not to fund cash calls

By: Henry Lazenby     15th June 2016 Canadian diversified miner Sherritt International has announced that the group of lenders to its 40%-owned Ambatovy nickel and cobalt mine, in Madagascar, have entered into temporary agreement to defer a principal repayment due on Wednesday, to August 5. The Toronto-headquartered company said an... 

Peruvian mining volumes continue to grow as new president takes helm

By: Simon Rees     15th June 2016 The Peruvian mining industry is expected to spur renewed growth in the country as output grows, prices stabilise and revive, several speakers told a recent Peruvian-Canadian Chamber of Commerce economic outlook seminar. The recent Peruvian election was so close that the winner Pedro Pablo... 

Peruvian mining volumes continue to grow as new president takes helm
Photo by Reuters
Incoming Peruvian president Pedro Pablo Kuczynski

Mirabela enters liquidation as Santa Rita fails to attract bid

By: Mariaan Webb     15th June 2016 The Santa Rita mine of collapsed Australian junior Mirabela Nickel in Brazil has failed to attract an acceptable bid, resulting in the company being placed in liquidation. Receivers of Mirabela, which entered administration in September last year, started a sale process for the mine in October... 

Australian magnate Palmer sues Queensland Nickel administrator

By: Reuters     14th June 2016 Australian magnate Clive Palmer on Tuesday sued the administrators of his nickel business for holding on to assets that he says belonged to the Queensland Nickel operation when he took back management control of it in March. The Queensland Nickel operation went into voluntary administration in... 

Australian magnate Palmer sues Queensland Nickel administrator
Clive Palmer

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
Photo by Creamer Media
CSIR mining manager Navin Singh

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
Photo by Duane Daws
Webber Wentzel partner Kate Collier

Improving froth pumping solution

By: Sascha Solomons     10th June 2016 Specialist slurry equipment solutions provider Weir Minerals is introducing the next- generation WARMAN horizontal froth pump, which features a continuous air removal system that can be applied to the company’s froth pumps already in the market. This is in line with Weir Minerals’ focus on... 

Improving froth pumping solution
RUI GOMES Being able to develop and implement changes to produce greater efficiency is important in the pumps industry

Mining’s rebirth under way – Ritchken 

By: Martin Creamer     9th June 2016 New joint action is being brought to bear to arrest the devastating decline of the South African mining industry, which will involve the Mining Phakisa policy intervention seeking to boost the sector by positioning it as the centrepiece within a new, cohesive mining cluster that requires... 

Mining’s rebirth under way – Ritchken
Photo by Creamer Media
Mining Phakisa strategist Edwin Ritchken

Preliminary licence granted for Horizonte’s Araguaia nickel mine, beneficiation plant

By: Henry Lazenby     8th June 2016 Nickel development company Horizonte Minerals has received a preliminary environmental licence (LP) for the planned Araguaia nickel mine and beneficiation plant from the Brazilian Pará State Environmental Agency (SEMAS). According to the Aim and TSX-listed company, which brought the project from... 

Platinum fuel cells to drive underground mine vehicles

By: Martin Creamer     8th June 2016 From the lessons learnt at the forklift project at the Impala Platinum base metals refinery in Springs, the rollout of fuel cell-driven load haul dumpers at the 14 Shaft at Rustenburg Platinum mine is now envisaged. Impala Platinum fuel cell co-ordinator Fahmida Smith, who addressed last week’s... 

Platinum fuel cells to drive underground mine vehicles
Photo by Duane Daws
Implats fuel cell coordinator Fahmida Smith

South32 CEO says Colombia nickel mine needs cash flow plan

By: Bloomberg     6th June 2016 South32, the diversified miner that’s cutting its global workforce on lower commodity prices, says its loss-making and strike-threatened Colombian nickel asset must deliver a plan to return to profits in the coming fiscal year to remain in operation. Cerro Matoso is facing a deadline of July... 

South32 CEO says Colombia nickel mine needs cash flow plan
South32 CEO Graham Kerr

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

Finnish miner Talvivaara says close to bankruptcy

By: Reuters     3rd June 2016 Finland's Talvivaara Mining Company said on Friday it may face bankruptcy following the Finnish government's decision to pull back from a deal relating to a troubled nickel mine in northern Finland. Talvivaara is the former owner of the mine which leaked waste water in 2012 and faced serious... 

Potential, risks of Mozambique mining sector outlined

     3rd June 2016 The extractive sector in Mozambique currently represents less than 4% of economic activity in the country but has scope to grow considerably, says international metals and minerals researcher Roskill, which has released its Mozambique African Mining Report (AMR) 2016. 

Potential, risks of Mozambique mining sector outlined
Photo by Duane Daws
VITAL TO GROWTH Mozambqiue's lack of proper infrastructure results in an inability to meet the demands of the mining sector

Mincor exceeds expectations after doubling gold inventory

By: Samantha Herbst     2nd June 2016 Having completed its mineral resource estimates for all six of its most advanced Western Australia gold prospects, ASX-listed gold and nickel firm Mincor Resources announced on Thursday that its total gold resource inventory at the Kambalda gold operation had doubled to 238 640 oz from 117 000 oz... 

Brazil to see increasing investment, M&A as mineral prices stabilise

By: Henry Lazenby     2nd June 2016 In the wake of stabilising commodity prices led by a gold rally in the first quarter, the Brazilian mining sector is set to play host to increased investment and mergers and acquisitions (M&A) activity. Host to miners such as Yamana Gold and spin-out Brio Gold, Eldorado Gold, Belo Sun Mining,... 

Brazil to see increasing investment, M&A as mineral prices stabilise
Photo by Reuters
Brazil's mining sector will see a number of high-value deals, as overleveraged producers sell high-quality assets

Workers to strike at Colombia's Cerro Matoso nickel mine

By: Reuters     1st June 2016 Union workers at Colombia's Cerro Matoso mine, one of the world's largest producers of ferronickel, will begin an indefinite strike on June 14 in protest of work and pay conditions, the union president said. A strike at Cerro Matoso, owned by Australia's South32, could impact global nickel... 

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
Photo by Duane Daws
Integrated Thinking Laboratory CEO Stephen Roper (right) with Martin Creamer

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

Panoramic considering IPO for Gum Creek

By: Mariaan Webb     30th May 2016 Western Australian mining company Panoramic Resources said on Monday that it had decided to run a dual initial public offering (IPO) and sales process for its Gum Creek gold project, near Wiluna, to unlock the project’s full value in the currently-buoyant gold sector. A March scoping study... 

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

Nautilus lifts Central Pacific underwater resource by 67%

By: Henry Lazenby     27th May 2016 Marine mining pioneer Nautilus Minerals this week reported an upgraded and improved mineral resource at its Clarion-Clipperton Fracture Zone (CCZ) project in the Central Pacific, which it held through its 100%-owned subsidiary Tonga Offshore Mining.  Toronto-based Nautilus advised on Thursday... 

Teck prices $1.25bn of senior notes

By: Henry Lazenby     26th May 2016 Canadian diversified miner Teck Resources has announced the pricing of an offering of $1.25-billion in senior unsecured notes, comprising $650-million of five-year notes and $600-million of eight-year notes. The Vancouver, British Columbia-headquartered company advised that the notes would be... 

Vale to delist from Hong Kong exchange

By: Henry Lazenby     25th May 2016 Brazilian diversified mining major Vale has delisted from the Hong Kong stock exchange (HKEx) as part of the company’s simplification strategy. In a press release issued Tuesday, the Rio de Janeiro-based miner announced that the HKEx had approved the withdrawal of Vale´s HDRs – an informal name... 

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
Photo by Duane Daws
Trailblazer Technologies director John Bewsey

Mining licence fees now SMS-enabled in forward-striding Tanzania

By: Martin Creamer     20th May 2016 The Tanzanian online mining cadastre system now allows licence holders to request the total licence fees they owe via short message service (SMS). The addition of SMS extends the range of payment functionality that the Ministry of Energy and Minerals offers to its customers, the FlexiCadastre... 

Mining licence fees now SMS-enabled in forward-striding Tanzania
Tanzanian president John Magufuli

Ivanhoe slams NGO misinformation on flagship Platreef PGM project

By: Henry Lazenby     19th May 2016 Africa-focused project developer Ivanhoe Mines on Thursday condemned “in the strongest terms possible” a statement issued late Wednesday by nongovernmental organisation (NGO) Mining Watch Canada, alleging that its subsidiary Ivanplats was engaged in human rights abuses and illegal operations as... 

Impala Platinum CEO to step down

By: Martin Creamer     18th May 2016 Impala Platinum (Implats) on Wednesday announced that its CEO, Terence Goodlace, would step down on December 1. Goodlace, 57, who began as a R200-a-month learner miner, has been with the platinum-group metals mining, processing, refining and marketing company for six years. 

Impala Platinum CEO to step down
Photo by Duane Daws
Implats CEO Terence Goodlace

Lorimer decries mining’s production crash, job losses

By: Martin Creamer     17th May 2016 Mineral Resources Shadow Minister James Lorimer MP on Tuesday decried the sharply reduced output of South Africa’s once-colossal mining industry and warned that mining's “jobs bloodbath” had only just begun. State statistics compiler StatsSA reported earlier this month that South Africa’s... 

Lorimer decries mining’s production crash, job losses
Shadow Minerals Minister James Lorimer

Miners adapting to more austere fundamental backdrop – report

By: Henry Lazenby     17th May 2016 Mining companies, in general, are adapting to a more austere fundamental backdrop, despite a recent announcement in Chinese media that the country would be removing stimulus and reprioritising reforms, which caused significant apprehension during Bank of America Merrill Lynch’s (BofAML’s) recent... 

Miners adapting to more austere fundamental backdrop – report
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