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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-over-month in April as energy gains more than offset metals weakness. 

Nautilus lifts Central Pacific underwater resource by 67%

By: Henry Lazenby     27th May 2016 Marine mining pioneer Nautilus Minerals has 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 (TOML). Toronto-based Nautilus advised... 

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 Technolgies 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

Too costly to shut: Mine sales stumble on looming clean-ups

By: Reuters     19th May 2016 Major miners are trying to avoid hundreds of millions of dollars in closure costs by selling off pits, as cash is tight due to a prolonged commodities price slump, but the crippling cost of environmental rehabilitation makes it tough to seal deals. Where mine sales have gone ahead, production is... 

Too costly to shut: Mine sales stumble on looming clean-ups
BHP Billiton held on to its loss-making Nickel West operation after failing to find a buyer. The business is estimated to have $1-billion in closure liabilities.

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... 

Chile economy grows 1.3% in Q1, slightly above forecast

By: Reuters     18th May 2016 Chile's gross domestic product grew by 1.3% in the first quarter from the last quarter of 2015, the central bank said on Wednesday, boosted by rising exports. 

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

TSX slips as non-gold resource stocks weigh

By: Reuters     13th May 2016 Canada's main stock index slipped on Friday, weighed down by financials, industrials and resource stocks as they pulled back in line with softer prices for oil and other commodities. "Today's price action is somewhat suggestive that some of these commodity sectors are perhaps extended from the... 

Finnish government plans $113m funding for nickel mine – sources

By: Reuters     13th May 2016 The Finnish government is planning to inject around €100-million ($113-million) into Terrafame Mining, the state-owned company that runs Talvivaara's former nickel mine, but may eventually still have to close the operation, sources said. The government is planning to propose this month that... 

Ivanhoe substantially lifts Platreef’s resources

By: Henry Lazenby     11th May 2016 Africa-focused project developer Ivanhoe Mines has released an updated mineral resource estimate for its flagship Platreef platinum-group metals (PGMs) nickel, copper and gold project on South Africa’s Bushveld Complex’s northern limb, located near the town of Mokopane, in Limpopo. The... 

Argentina seen getting $20bn in mining investment by 2021 

By: Reuters     11th May 2016 Argentina's mining sector is set to receive $20-billion in new investments over the next five years, as the new centre-right government creates a more business-friendly environment, the head of the local mining chamber said on Tuesday. Since taking office late last year, free-markets proponent... 

To stop conflict minerals, make European firms establish origin of supply chain – expert

By: Reuters     10th May 2016 European companies should be required by law to establish the origin of the minerals they use in their products to put an end to the trade in gold, tin and other minerals mined in conflict zones, a leading expert said on Tuesday. Campaigners have long raised concerns that proceeds from mining... 

Draft Mining Charter under intense legal scrutiny

By: Martin Creamer     10th May 2016 The possible far-reaching implications for the mining industry of the new draft Mining Charter came under intense scrutiny in Johannesburg on Tuesday when a team of lawyers discussed the various changes contained in the draft and focused in particular on its attempt to align the mining industry –... 

Draft Mining Charter under intense legal scrutiny
Sabelo Dlamini of Fasken Martineau

Anglo American appoints new Brazil CEO

     10th May 2016 Anglo American has appointed Ruben Fernandes CEO of its Brazil operations. He succeeds Paulo Castellari, who resigned late last year to pursue other opportunities. 

Axiom reapplies for Isabel licence

By: Esmarie Swanepoel     9th May 2016 ASX-listed Axiom Mining has submitted an application for a prospecting licence over the Isabel nickel project, in the Solomon Islands, with the local Ministry of Mines, Energy and Rural Electrification promising that it would run an ‘inclusive and transparent’ process in the awarding of a... 

Glencore cuts supply cloth to fit demand coat

By: Martin Creamer     4th May 2016 The mix of mining and marketing within the same company provides sensitivity to commodity price falls. Continually highlighting the value of the mining-marketing mix is Glencore, which is quick to respond to market changes. 

Glencore cuts supply cloth to fit demand coat
Photo by Duane Daws
Ivan Glasenberg hand-in-hand with Education Minister Angie Motshekga at school opening.

Glencore's Kidd ops and Raglan mine sweep MAC’s sustainable mining awards

By: Creamer Media Reporter      3rd May 2016 Glencore's Kidd operations and Raglan mine were recognised by the Mining Association of Canada (MAC) on Monday, receiving Towards Sustainable Mining (TSM) excellence awards at the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) awards gala, in Vancouver. According to MAC, Glencore's... 

Western Areas raises SPP cap

By: Esmarie Swanepoel     3rd May 2016 Nickel miner Western Areas on Tuesday increased the cap of its planned share purchase plan (SPP) from A$10-million to A$15-million after applications for the SPP exceeded A$20-million. The SPP formed part of a greater capital raise announced at the end of March this year, under which Western... 

Companies bought to enhance training offering

     29th April 2016 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... 

Companies bought to  enhance training offering
Photo by Bloomberg
SKILLS OFFERING EXPANDED Quyn Outsource Solutions’s e provision of technical skills to clients across a range of industries represents diversification for Workforce


By: Creamer Media Reporter      29th April 2016 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     29th April 2016 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     29th April 2016 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     29th April 2016 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     27th April 2016 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     26th April 2016 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

Heartening progress overshadowed by heartbreaking loss of life

By: Martin Creamer     26th April 2016 The loss of six lives is completely overshadowing the encouraging progress being made to build a stronger and more robust Impala Platinum (Implats). Implats CEO Terence Goodlace lamented in the company's latest quarterly report for the three months to March 31 that the deaths of four employees in... 

Heartening progress overshadowed by heartbreaking loss of life
Photo by Duane Daws
Terence Goodlace

Anglo bettering North American safety benchmark

By: Martin Creamer     22nd April 2016 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     22nd April 2016 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     22nd April 2016 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     21st April 2016 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     21st April 2016 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      19th April 2016 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     18th April 2016 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
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