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Companies bought to enhance training offering

Training, supply and management group Workforce Holdings announced in January that it had acquired the various operating companies comprising outsourcing solutions providers Quyn Outsource Solutions. Workforce has predominantly placed staff in nontechnical positions and adding Quyn to its service... 

MetSkill

By: Creamer Media Reporter Process industry training provider MetSkill is actively involved with the development of the new occupational qualifications for the Quality Council for Trades and Occupations under the Mining Qualifications Authority (MQA). Benoni, Gauteng-based MetSkill, 100% owned by MD Rebecca Sands, has... 

Mineworkers empowered

By: Kimberley Smuts If workers in the mining, energy and construction industries want to improve their financial situation, it is important that they take advantage of the financial literacy programmes currently being rolled out by financial assistance provider Mineworkers Investment Trust (MIT), which supports... 

Mineworkers empowered
Photo by Bloomberg
INVESTING FOR THE FUTURE The Mineworkers Investment Trust's financial literacy training started in Mpumalanga as a pilot study in June 2015 with more training expected to take place this year

Society aims to integrate more students into mining sector

By: Kimberley Smuts The University of Witwatersrand's Students Mining Engineering Society (SMES) aims to increase the integration of mining engineering graduates into the mining industry this year, as well as to encourage mining engineering students to have an opinion on mining-related issues in South Africa. SMES... 

Society aims to integrate more students into mining sector
FORTUNE MSIBI Mining engineering students face the challenge of a lack of available jobs in the sector, as a result of South Africa’s financial crisis

Technological advancements continue despite mining sector’s downturn

By: Sascha Solomons Beneficial trends and technological advancements in the mining industry are being introduced regardless of the depressed market conditions that the sector faces, says environmental management company I-CAT Environmental Solutions technical manager Morne van Wyk. One such trend is recycling water... 

Technological advancements continue despite mining sector’s downturn
HYFLUX KRISTAL HOLLOW-FIBRE Ensure the effective and environmentally safe reduction of excess wastewater in the mining industry

Sherritt widens headline loss as low oil, metals prices hurt Q1 financials

By: Henry Lazenby Diversified miner Sherritt International has reported a 79% wider adjusted loss year-on-year in the first quarter, as nickel, cobalt and oil prices have plunged during the period. Excluding special items of about C$79.1-million, Toronto-based Sherritt recorded an adjusted loss of... 

World Bank does not see platinum rally being sustained

By: Terence Creamer The World Bank does not expect the recent rise in platinum prices to be sustained for the full year, with its latest ‘Commodity Markets Outlook’ report forecasting a 10% year-on-year price decline in 2016. The report, released on April 26, notes that precious metals prices increased by 6% in the... 

World Bank does not see platinum rally being sustained

Encouraging progress overshadowed by loss of life – Implats

By: Martin Creamer Continuing mourning over the loss of the lives of six employees had completely overshadowed the encouraging progress being made to build a stronger and more robust business, Impala Platinum (Implats) CEO Terence Goodlace said on Tuesday. In the three months to March 31, four employees lost their... 

Encouraging progress overshadowed by loss of life – Implats
Photo by Duane Daws
Terence Goodlace

Anglo bettering North American safety benchmark

By: Martin Creamer Safety improvement at Anglo American mines has put the diversified mining company ahead of the North American mining industry, the leading point of reference. While in full production mode, the London- and Johannesburg-listed business achieved a fatality-free fourth quarter (Q4), which on top of... 

Anglo bettering North American safety benchmark
Photo by Duane Daws
Mark Cutifani

Western Areas sets production record at Spotted Quoll

By: Esmarie Swanepoel Nickel miner Western Areas’ Spotted Quoll mine, in Western Australia set a production record during the three months to March, delivering 82 711 t of ore at an average grade of 4.7% nickel. The Spotted Quoll mine delivered 3 922 t of nickel during the quarter under review, while the Flying Fox... 

Queensland Nickel liquidators set sights on fund recovery

By: Esmarie Swanepoel The creditors of embattled Queensland Nickel on Friday voted to support a recommendation by administrators to wind up the company. Liquidators have now been appointed and would undertake to recover monies owing to creditors. 

Anglo diamond, copper, coal, manganese alloy, niobium outputs fall

By: Martin Creamer Diversified mining company Anglo American has produced less diamond, copper, coal, manganese alloy and niobium in the three months to March 31. Diamond production fell by 10%, copper production by 19%, export thermal coal by 13%, export metallurgical coal by 9%, Eskom coal by 8% and niobium by 13%. 

Anglo diamond, copper, coal, manganese alloy, niobium outputs fall
Mark Cutifani

Vale reports record output in Q1 as iron-ore price rallies

By: Henry Lazenby Brazilian diversified miner Vale has reported record iron-ore production at 77.5-million tonnes in the first quarter of 2016, marking the highest first-quarter production rate ever, despite output lowering 12% from the December quarter. Carajás, the world’s largest iron-ore mine, locate in... 

Botswana nickel producer starts massive worker lay-off

By: African News Agency Botswana’s top nickel producer Bamangwato Concession Limited (BCL) has started issuing workers with retrenchment notices in an exercise that is aimed at cutting operational and salary costs to save the company from collapse. BCL spokesperson James Molosankwe said the retrenchment process was one... 

Denham Capital seeks upside advantage during downturn

By: Simon Rees With most metals reaching a bottom, and many of the ‘zombie juniors’ finally laid to rest, opportunities for private-equity companies to find value and upside potential in the mining space have continued to grow. Seeking to tap into these opportunities, private equity firm Denham Capital was... 

Denham Capital seeks upside advantage during downturn

Mexico mining chief favours tax help for cash-strapped miners

By: Reuters Mexico's top mining official says he backs the industry's push for tax legislation that would save hundreds of millions of dollars a year in exploration costs, though they have yet to win over the country's powerful finance ministry. Mario Cantu, the economy ministry's mining chief, said in an... 

Ontario once more budgets a billion for RoF development, private sector takes action

By: Henry Lazenby For the third consecutive year, the Liberal Ontario government has made a C$1-billion commitment toward development in the emerging Ring of Fire (RoF) nickel/chromite mining camp, in the province’s remote far north. The RoF presented a multigenerational economic opportunity for the province, with... 

Ontario once more budgets a billion for RoF development, private sector takes action

China’s latest five-year plan points to further mining consolidation

By: Mia Breytenbach China's thirteenth Five-Year Plan points to further consolidation in the mining industry along with heightened environmental protection, which will affect the steel and coal sectors most, as well as hurt countries that export iron-ore and coal to China, predicts research firm BMI Research. The... 

China’s latest five-year plan points to further mining consolidation
Photo by Bloomberg
DEMAND DOWNTURN BMI’s predictions include that China's steel production will register a steady decline, averaging -1.3% year-on-year from 2016 to 2020

Main sinking at Platreef Shaft 1

The changeover from presinking activities to main-sinking activities at Shaft 1 of the Platreef platinum-group metals (PGMs) mining project, in Limpopo, is expected to be completed by April, enabling the start of main sinking. Presinking of the shaft was completed to a depth of 54 m below surface. 

Main sinking at Platreef Shaft 1
MOVING ON Presinking of Shaft 1 at the Platreef project was completed to a depth of 54 m below surface

Middle East, North Africa on mining periphery despite hosting 30% of the world’s minerals

By: Ilan Solomons Despite having more than 30% of global mineral reserves, the Middle East and North Africa (MENA) region severely lacks exploration and resource development investment. The region’s mining industry is facing several challenges such as social and environmental pressure from communities living near... 

Middle East, North Africa on mining periphery despite hosting 30% of the world’s minerals

SA base metals sector neglected – explorer

By: Nadine James South Africa’s base metals sector is underdeveloped, owing to neglect and disinterest, says base metals explorer Horomela Resources, which is undertaking the first phase of its noninvasive prospecting programme on 14 zinc, copper, silver and lead properties in the Namaqualand region of the... 

SA base metals sector neglected – explorer
ABONGILE MDINGI Diversification towards base metals is imminent in South Africa

Finland's Terrafame seeks €200m for troubled nickel mine

By: Reuters Finland's state-owned Terrafame Mining said on Thursday it would need €200-million ($225-million) from the government or other investors by the end of June to continue operations at the troubled Talvivaara nickel mine. Terrafame was founded last year as the government took control of the mine,... 

Report claims Queensland Nickel was used to fund other Palmer interests

By: Esmarie Swanepoel The administrators of embattled Queensland Nickel this week released a damming report, calling for the company to be wound up and for the Australian Securities and Investment Commission (Asic) to launch an investigation into the directors of the company. Queensland Nickel went into voluntary... 

Ramu ops suspended after fatality

By: Esmarie Swanepoel Operations at the Ramu nickel plant, in Papua New Guinea, have been suspended following a fatality. ASX-listed Highlands Pacific, which holds an 8.56% interest in the project, said on Wednesday that one worker was killed and a further two injured while working around high pressure vessels at... 

Geochemical mapping of KZN leads to discovery of new target zones

By: Ilan Solomons The Council for Geoscience (CGS) has carried out a semiregional geochemical survey of the Tugela Terrane, in KwaZulu-Natal, which has resulted in the delineation of several new target areas for follow-up studies and a few geological anomalies near to known mineral occurrences, which warrant... 

Geochemical mapping of KZN leads to discovery  of new target zones
SURVEYING TUGELA In total 11 321 soil samples, each weighing 5 kg, were collected from a depth of 20 cm on a 500 m by 500 m grid

Resource-intensive Canadian and US states show stronger economic performance than others

By: Henry Lazenby The very strong economic performance in specific resource-intensive jurisdictions in Canada, especially Alberta and Saskatchewan, are mainly responsible for Canada’s comparatively strong overall economic record relative to the US since the recession of 2008/09, a new report by the influential... 

New Caledonia allows two miners to export nickel ore to China

By: Reuters New Caledonia will allow two companies to export nickel ore to China, ending a long-standing ban as its economy wrestles with weak commodity prices and the potential loss of a struggling Australian customer. With a quarter of the world's nickel reserves, the South Pacific French Territory has... 

Panoramic reports stellar quarter

By: Esmarie Swanepoel Despite taking a decision to idle its Savannah operations, in Western Australia, nickel miner Panoramic Resources has set a new quarterly production record at the project area during the three months to March. The Savannah project delivered 2 861 t of nickel-in-concentrate during the three... 

Glencore agri sale surprises on upside

By: Martin Creamer The announcement by Glencore that it is selling 40% of its agricultural business to Canada Pension Plan Investment Board for $2.5-billion cash has received the nod from analysts. Glencore said the proceeds from the transaction would be used to reduce net debt. 

Glencore agri sale surprises on upside
Photo by Duane Daws
Ivan Glasenberg

Mt Alexander holds potential for St George

By: Esmarie Swanepoel A technical review of junior St George Mining’s Mt Alexander project, in Western Australia, has endorsed the potential for an economic nickel sulphide discovery. St George said on Wednesday that the technical review had already identified untested electro-magnetic (EM) conductors in the... 

RNC hits bonanza grades at Beta Hunt mine, gets call option on rest of SLM shares

By: Henry Lazenby TSX-listed Royal Nickel Corporation (RNC) on Monday announced that it was evaluating options to process “bonanza grade” ores from the ‘Hand of Faith’ (HOF) area of the Beta Hunt mine, a low-cost nickel and gold producer located in the prolific Kambalda mining district of Australia. The company... 

Axiom accepts Appeals Court ruling

By: Esmarie Swanepoel ASX-listed Axiom Mining said on Friday that it would re-apply for a prospecting licence over the Kolosori nickel tenement, after the Solomon Islands Court of Appeal in March revoked its current licence for the tenement. Axiom said that the company was in discussions with key stakeholders in... 

TSX notches best monthly gain since 2011 on oil rebound

By: Reuters Canada's main stock index ended slightly lower on Thursday as losses for materials and financial stocks cancelled out advances for energy stocks, whose recent strength helped the index notch its best monthly performance in more than four years. The Toronto Stock Exchange's S&P/TSX composite index... 

Western Areas plans to raise A$70m to bolster its balance sheet

By: Esmarie Swanepoel Nickel miner Western Areas on Thursday announced plans to raise up to A$70-million through a share placement and share purchase plan (SPP), to strengthen its balance sheet. The miner would raise A$60-million through a share placement to eligible sophisticated, professional and institutional... 

Western Areas plans to raise A$70m to bolster its balance sheet

Panoramic raises cash for Savannah shutdown

By: Esmarie Swanepoel ASX-listed Panoramic Resources was hoping to raise more than A$10-million through a one-for-three pro-rata renounceable entitlement offer. The company on Thursday announced that eligible shareholders would be offered the chance to subscribe for one new share in Panoramic, for every three shares... 

Teck forges ahead with Fort Hills, expects big reward when cyclical market rebounds

By: Henry Lazenby Canadian diversified miner Teck Resources is aiming to end 2016 with more than $500-million cash in the bank despite funding its portion of the Fort Hills oil sands project construction, in Alberta, and dealing with low commodity prices across its core portfolio. The Vancouver-based company, the... 

Research predicts another tough year for commodities

By: Henry Lazenby In the wake of lacklustre discipline by producers to curtail output in the face of relentless price declines, Bank of America Merrill Lynch (BofAML) Global Research was concerned that another leg of lower prices may be required to incentivise another round of cuts for a range of materials. In its... 

Vast granted extension to Manaila mine licence area

By: Anine Kilian Aim-listed Vast Resources’ Romanian subsidiary Sinarom Mining Group has been granted a prospecting licence over an extended perimeter at the site of its Manaila Polymetallic Mine (MPM), in northern Romania. The existing MPM mining licence covered an area of 0.0675 km2. It would now cover an... 

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