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Dingyi eyes another offer for Elemental

By: Esmarie Swanepoel Potash hopeful Elemental Minerals on Friday announced that it had received an unsolicited, nonbinding, incomplete and conditional expression of interest from Dingyi Group Investment regarding a possible off-market takeover. Under the expression of interest, Dingyi was offering Elemental... 

Danakali eyes new product stream at Colluli

By: Esmarie Swanepoel Potash developer Danakali would initiate a scoping study into potential sulphate of potash magnesia (SOP-M) production from its Colluli project, in Eritrea. The company said on Wednesday that it had produced high purity, chloride free SOP-M from the Colluli potash project using salts from the... 

Agrium reports better-than-expected Q4 profit, but foresees weaker 2016

By: Henry Lazenby Agricultural products producer Agrium Inc has reported positive headline earnings for the three months ended December 31, beating market expectations convincingly. However, its earnings forecast for the full-year 2016 came in below expectations and weighed on its share price performance on... 

Agrium reports better-than-expected Q4 profit, but foresees weaker 2016

Crucial decision needed on empowerment levels

By: Nadine James 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

Delayed MPRDA Amendment Bill unfavourable

By: Nadine James 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

Mining needs critical legal regulatory matters resolved

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

Proposed MPRDA amendments lack clarity

By: Nadine James 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

PotashCorp cuts dividend by 34% after lower-than-expected quarterly profit

By: Samantha Herbst TSX- and NYSE-listed potash and fertiliser producer PotashCorp, of Saskatchewan, has decided to cut its quarterly dividend by 34%, owing to the challenging market conditions and emerging market currency weakness relative to the US dollar that continue to weigh on the fertiliser market. The... 

PotashCorp cuts dividend by 34% after lower-than-expected quarterly profit

Creamer Media publishes African Mining Projects in Progress - Second Edition

Creamer Media’s second edition of its African Mining Projects in Progress 2015 report tracks project developments taking place across various mining sectors on the continent, including coal, copper, gold, iron-ore, platinum and uranium.  

Creamer Media publishes African Mining Projects in Progress - Second Edition

Applied Mineral Technologies

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

Networking at every turn

By: Kimberley Smuts 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

Schwalbe

Focused on providing products and services while ensuring competitiveness in quality, reliability and price, South Africa-based drilling equipment supplier Schwalbe’s product lines have been supplied to and also tested with favourable results achieved by companies such as gold producer Anglo Gold... 

Schwalbe

Challenging macroeconomic backdrop prompts PotashCorp to shutter New Brunswick ops

By: Henry Lazenby Canada’s largest potash producer Potash Corporation of Saskatchewan on Tuesday announced that it would immediately close its Picadilly, New Brunswick potash operations, citing a challenging macroeconomic backdrop. The suspension would make between 420 and 430 jobs redundant, with only a core crew... 

Challenging macroeconomic backdrop prompts PotashCorp to shutter New Brunswick ops

Muga boosts Highfield's position on cost curve

By: Esmarie Swanepoel Potash developer Highfield Resources is likely to be the highest margin potash producer globally, with its Muga project, in Spain, expected to be the lowest-cost potash producer. The ASX-listed company on Tuesday revealed results from an independent report by Argus FMB on behalf of the Europena... 

African Potash raises funds to expand footprint

By: Megan van Wyngaardt To improve infrastructure and support the development of its revenue-generative trading operations, Aim-listed African Potash placed 48.5-million new ordinary shares at 1.7p apiece to raise £825 000.   “Since turning our short-term attention to trading fertiliser and fertiliser constituents,... 

African Potash delivers first 20 000 t of fertiliser stock

By: Megan van Wyngaardt Aim-listed exploration company African Potash has dispatched 20 000 t of urea stock in partial satisfaction of sale agreement with a Zambian customer for 50 000 t of fertiliser, signed in October 2015. The urea stock, valued at $10-million in gross revenue, was delivered to the Mozambique port of... 

Arianne Phosphate stock jumps after Quebec govt approves Lac à Paul project

By: Henry Lazenby Project developer Arianne Phosphate has received the green light to proceed with construction of its flagship Lac à Paul project, located in Quebec's Saguenay-Lac-Saint-Jean region. After receiving approval from the Quebec provincial government, Arianne’s TSX-V-listed stock jumped about 11.5% in... 

Kriel Occupational & Wellness Centre

Independent service provider Kriel Occupational & Wellness Centre, a 100% black, female-owned business, was formed in 2008 to bridge the gap in the occupational health sector identified by director Dr Patience Lindi Mokwena. The women-empowered company, which is focused on servicing the mining... 

Kriel Occupational & Wellness Centre

Rum Jungle eyes Japanese offtake partner

By: Esmarie Swanepoel Junior Rum Jungle has signed a memorandum of understanding (MoU) with a major Japanese trading house for the potential future offtake of sulphate of potash from the company’s projects. Rum Jungle owns a portfolio of sulphate of potash projects across a number of states, including the Northern... 

African Potash secures £750 000 loan

By: Megan van Wyngaardt Aim-listed African Potash has signed a £750 000, nine-month agreement for a bridge loan with company CFO Neil Clayton’s wife Katrina Clayton. A fee of £60 000, or 8% of the loan amount applied to the bridge loan and resulted in a total amount of £690 000, which could be drawn down with immediate... 

How mining can innovate and boost cash at same time

By: Martin Creamer French software company Dassault Systèmes Geovia is offering South Africa’s struggling mining industry the opportunity to innovate and accelerate its cash flow at the same time. The company outlined its mix of innovation and cash-boosting potential at a presentation attended by Creamer Media’s... 

How mining can innovate and boost cash at same time
Photo by Duane Daws
David Osborn during video interview

Colluli's economics confirmed - Danakali

By: Esmarie Swanepoel A definitive feasibility study (DFS) into the Colluli potash project, in Eritrea, has reduced the expected capital expenditure to bring the project into production by about 30%, owner Danakali reported on Monday. A March prefeasibility study into the project had estimated that the Stage 1... 

Tramecon

Tramecon is a turnkey laboratory solutions provider, servicing mining projects worldwide from its wholly owned Randburg facility, comprising two mini factories covering 400 m2. The company has recently supplied South Africa-based product logistics monitoring for a Democratic Republic of Congo... 

Elemental eyes quicker start at Congo mine

By: Esmarie Swanepoel Potash hopeful Elemental Minerals is contemplating the accelerated construction of its Kola sylvenite project, in the Republic of Congo, after receiving an investment proposal from Summit Private Equity. Summit is looking to invest at least $40-million into ASX-listed Elemental, taking up shares... 

New software enables local mines to shorten survey cycles

By: Samantha Herbst Three Southern African mine owner-operators have upgraded their mine survey capability using software launched last year by global infrastructure software developer Bentley Systems. To increase production efficiency by delivering more timely information for planning and operational purposes,... 

New software enables local mines to shorten survey cycles
SURVEY SOFTWARE MineCycle Survey is enabling operations to quickly implement actionable survey intelligence and to distribute that information throughout the enterprise

Despite slowing growth, China to remain key growth market for metals

By: Henry Lazenby As commodity prices touched fresh decade-lows in recent months, a look at the global macroeconomic situation reveals that, despite China being a significant part of the commodity price slump, it will remain a critically important growth market for metals for decades to come. Addressing an... 

Despite slowing growth, China to remain key growth market for metals

Highfield doubles Muga mine life

By: Esmarie Swanepoel Potash developer Highfield Resources has doubled the mine life of its Muga project, in Spain, on the back of an optimisation study. A previously completed definitive feasibility study (DFS) into the Muga project estimated a capital investment of $256-million would be required to deliver... 

Another listless year for mining belies future opportunities

By: Simon Rees China’s economic shift and the ongoing debate about a US interest rate rise continue to influence and shape the short-term future of mining and metals, Behre Dolbear senior MD Alastair McIntyre told an audience at a recent meeting of the Canadian Institute of Mining’s management and economic... 

Another listless year for mining belies future opportunities

PM Trudeau appoints new Cabinet, Carr named Natural Resources Minister

By: Henry Lazenby Shortly after being sworn in as Canada’s twenty-third Prime Minister on Wednesday morning, Justin Trudeau announced a new gender-equal Cabinet, including Manitoba MP James Carr as Minister of Natural Resources. In his new capacity, Carr assumed responsibility for the natural resources portfolio,... 

PM Trudeau appoints new Cabinet, Carr named Natural Resources Minister
Photo by Reuters
Canada's new Liberal Cabinet, led by PM Justin Truedeau.

Mosaic pares output as lower sales, prices dent Q3 net profit

By: Henry Lazenby US fertiliser producer, the Mosaic Company’s NYSE-listed stock on Tuesday rallied 6% to $36.55 apiece, despite reporting a lower third-quarter net profit and cutting its fourth-quarter production outlook for both main operating segments. Potash prices had fallen in the past year owing to the... 

PotashCorp pares output, profit predictions as potash prices plunge

By: Henry Lazenby The world’s largest supplier of the crop nutrients by volume, Potash Corporation of Saskatchewan, will shutter its operations and cut output as margins for all three of its main products have fallen, sending its NYSE-quoted stock falling as much as 4.3% in early trading. For the three months... 

 PotashCorp pares output, profit predictions as potash prices plunge

Corruption concerns have increased implications for mining and exploration M&A

By: Simon Rees Buyers are becoming increasingly wary of corruption issues when buying projects, operations or other companies, and those looking to sell will have to be more mindful of this, says PricewaterhouseCoopers Canada MD and anticorruption expert Frederic Miller.   “Nobody these days wants to buy a... 

African Potash secures finance deal for offtake partners

By: Natalie Greve Aim-listed explorer African Potash has advised that its investment banking adviser Loita Capital Partners International has arranged an offtaker finance facility term sheet with local bank Ecobank Malawi in respect of African Potash’s fertiliser trading operations on the continent. The bank would... 

Minbos awarded licence over additional Angolan deposits

By: Natalie Greve ASX-listed Minbos Resources has secured licences for all deposits within its 50%-owned Cabinda phosphate project, in Angola. The company announced on Tuesday that the Angolan Ministry of Mines and Geology (MGM) had issued a licence for the Chivovo, Chibuete, Ueca, Cambota and Mongo Tando deposits. 

African Potash appoints UK politician to board

By: Megan van Wyngaardt Aim-listed exploration company African Potash has appointed Mark Simmonds as director, effective November 10. “Simmonds has significant experience working in Africa and brings with him a wealth of business and political contacts, which will support African Potash in the roll-out of its integrated... 

Shareholders get 3% of mining cake, employees 45% – PwC 

By: Martin Creamer Of the value created by 35 Johannesburg Stock Exchange-listed mining companies, a low 3% went to shareholders and a high 45% to employees, an analysis of the 12 months to June 2015 shows. Net profit fell 75% to a mere R2-billion even though impairment provisions were 26% lower. 

Shareholders get 3% of mining cake, employees 45% – PwC
Photo by Creamer Media
Andries Rossouw

Tough times may linger for commodities – Bureau for Economic Research

By: Kim Cloete Bureau for Economic Research (BER) senior economist Hugo Pienaar said on Thursday that he expected commodities to face the pinch for some time to come. “We don’t think it is going to be a robust story for commodity prices any time soon. The global situation is not positive for South Africa,” he... 

Tough times may linger for commodities – Bureau for Economic Research

Resource lobby groups look forward to collaborative policy development with Prime Minister-designate 

By: Henry Lazenby Canada’s resource lobby groups have welcomed Canada’s new Prime Minister-elect Justin Trudeau, saying they are optimistic about collaborating with the new Liberal government to further advance resource policy reforms to the benefit of the Canadian economy. The Liberal leader on Tuesday afternoon... 

Resource lobby groups look forward to collaborative policy development with Prime Minister-designate
Photo by Bloomberg
Justin Trudeau, Canada's prime minister-elect and leader of the Liberal Party of Canada.
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