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Canada wildfire moves into Saskatchewan, but little risk to mines, farms

By: Reuters     20th May 2016 A Canadian wildfire has moved from oil-rich Alberta province into Saskatchewan province, though that province's fertile farms and lucrative mines are tucked far away from the blaze's path. The fire in northern Alberta hit the town of Fort McMurray in early May, forcing widespread evacuations and... 

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.

Australia’s GB Energy to acquire lithium project in Namibia

By: Samantha Herbst     19th May 2016 In line with its strategy of targeting minerals critical for the future of the energy environment, ASX-listed GB Energy has entered into an option agreement with an unnamed South African company which, if exercised, provides the GB Energy with the right to acquire a 70% stake in Namibia’s... 

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

End of commodities boom hits African countries

By: Keith Campbell     13th May 2016 "The global commodity super cycle has come to an end, sharply lowering the price of oil, gas, metals and minerals," stated the World Bank in its most recent Regional Overview for Africa (published in late March). "As a net commodities exporter, Africa is deeply affected by falling commodity... 

End of commodities boom hits African countries

Fertiliser company Mosaic's sales beat estimates

By: Reuters     4th May 2016 US fertiliser company Mosaic Co forecast higher phosphate and potash sales for the current quarter after it reported higher-than-expected first quarter sales. The company's net sales fell 21.7% in the first quarter to $1.67-billion, but beat the average analyst estimate of $1.56-billion. 

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

Eritrean potash project signs eight nonbinding offtake MoUs

By: David Oliveira     29th April 2016 ASX-listed potash developer Danakali has signed nonbinding memorandums of understanding (MoUs) with eight multinational parties throughout Northern Africa, Europe, the Middle East and North America for the offtake of sulphate from its 50%-owned Colluli potash project in Eritrea, in East Africa.... 

MetSkill

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

African Potash inks participation agreement as Windmill deal falls through

By: Samantha Herbst     22nd April 2016 Aim-listed exploration company African Potash announced on Friday that its fertiliser trade agreement with Southern Africa-based fertiliser producer Windmill has been terminated, owing to the drought currently affecting much of Southern Africa, which has had a marked impact on the fertiliser... 

India likely to end potash import holiday earlier than planned

By: Ajoy K Das     11th April 2016 India is likely to end its potash “import holiday” earlier than planned following positive preliminary meteorological forecasts of favourable monsoon rains and an expected rise in agricultural sowing. According to government officials, India had put off annual potash import negotiations, which... 

Optimised DFS improves economics of Ethiopian potash project

By: David Oliveira     8th April 2016 Potash project developer Circum Minerals last month announced the results of the optimised definitive feasibility study (DFS) for its potash project in the Danakil basin, in Ethiopia. The optimised DFS improved a number of the project parameters set out in the original DFS completed in August... 

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

By: Henry Lazenby     7th April 2016 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... 

FYI starts JV negotiations in Laos

By: Esmarie Swanepoel     6th April 2016 ASX-listed junior FYI Resources has come a step closer to starting potash production in Laos, after agreeing to start joint venture (JV) negotiations with China’s Yuntianhua Group. The two companies in February signed a memorandum of understanding covering potential potash project collaboration... 

Over 40 minerals and metals contained in seawater, their extraction likely to increase in the future

By: Keith Campbell     1st April 2016 It is generally known that many minerals and metals exist, dissolved in seawater and in the waters of briny lagoons and salt lakes. According to Stanford University in the US, seawater contains 47 minerals and metals. Starting with the most abundant and proceeding to the least abundant these are... 

Over 40 minerals and metals contained in seawater, their extraction likely to increase in the future

African Potash to continue exploration in Congo

By: Anine Kilian     29th March 2016  Although it has, over the past year, worked to become a vertically integrated fertiliser business with an initial focus on trading and distribution, Aim-listed African Potash retains its interest in the exploration side of the fertiliser industry. Through its 70% interest in La Société des... 

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.... 

China sets course for smooth economic transition and commodity price gains

Salt Lake raises A$5.2m

By: Esmarie Swanepoel     23rd March 2016 Dual-listed mineral explorer Salt Lake Potash has raised A$5.2-million through a share placement to Australian investors. The ASX- and Aim-listed company on Wednesday announced that it had placed some 16.25-million shares, at a price of 32c each, to raise the funds. The offer price represented a... 

Morocco's OCP posts 58% profit leap

By: Reuters     22nd March 2016 Moroccan fertiliser company Office Cherifien de Phosphate (OCP), the world's leading phosphate exporter, reported 2015 net profit up 57.8% year-on-year to 8.01 billion dirhams ($825.8-million) on Tuesday, attributing the rise to higher output. State-run OCP, a major earner of foreign currency for... 

Danakali raises funds for Colluli

By: Esmarie Swanepoel     21st March 2016 Potash developer Danakali would raise about A$5.5-million to advance its Colluli potash project, in Eritrea. The ASX-listed company said on Monday that it had received commitments for professional and sophisticated investors for the issue of up to 25-million shares, at a price of 22c each. 

Arianne Phosphate appoints new chairperson and CEO

By: Henry Lazenby     14th March 2016 With the December ‘ministerial decree’ in hand, the focus of project developer Arianne Phosphate is shifting to development of the Lac à Paul project, in Quebec's Saguenay-Lac-Saint-Jean region, prompting it to appoint industry veterans Jean Lamarre as chairperson and Brian Ostroff as CEO to... 

Indian agribusiness firm to fund first phase of Karnalyte’s Saskatchewan potash project

By: Henry Lazenby     14th March 2016 India-listed agribusiness firm Gujarat State Fertilisers and Chemicals (GSFC) has agreed in principle to provide $700-million to finance construction of the first phase of project developer Karnalyte Resources’ 625 000 t/y Wynyard potash deposit, in Saskatchewan. TSX-listed Karnalyte would also... 

Indian agribusiness firm to fund first phase of Karnalyte’s Saskatchewan potash project
Photo by Karnalyte Resources
The Wynyard project, Saskatchewan

Lack of discipline to keep pressure on potash prices into the next decade

By: Henry Lazenby     4th March 2016 The consensus among potash companies participating in Bank of Montreal's (BMO's) Capital Markets Metals and Mining conference this week was that potash prices had reached a seasonal bottom on the back of production deferrals and cutbacks. However, BMO fertilisers and chemicals research analyst... 

Lack of discipline to keep pressure on potash prices into the next decade

US recovery involves short-term pain and long-term gain for commodities

By: Simon Rees     1st March 2016 The US economic recovery placed pressure on metals prices as investors continued to unwind commodities-based positions taken during the resource supercycle, according to Export Development Canada VP and chief economist Peter Hall. It had not been an orderly event, particularly for... 

US recovery involves short-term pain and long-term gain for commodities

PotashCorp curtails output as market slumps

By: Henry Lazenby     26th February 2016 Canada’s largest producer of the crop nutrient potash, Potash Corporation of Saskatchewan, this week announced temporary production curtailments at its Allan and Lanigan operations, in an effort to match supply with market demand. Saskatoon, Saskatchewan-based PotashCorp will curtail production... 

Agrium appoints three new directors, expands board to 12

By: Henry Lazenby     26th February 2016 Agricultural products producer Agrium Inc this week expanded its board to 12 members after it appointed three new directors, 11 of which are independent. Calgary, Alberta-based Agrium appointed Maura Clark, Miranda Hubbs, and William (Bill) Simon to its board, effective from Wednesday. 

Dingyi eyes another offer for Elemental

By: Esmarie Swanepoel     12th February 2016 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     10th February 2016 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     9th February 2016 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     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

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

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

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

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

By: Samantha Herbst     28th January 2016 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

     25th January 2016 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
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