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Project Management News

Mining equipment supplier Weir buys US market leader Esco in $1.3bn tie-up

By: Henry Lazenby     19th April 2018 UK-based mining equipment dealer Weir has signed a binding $1.29-billion accord to buy Portland, Oregon-based Esco – a local market leader in the mining, construction and industrial markets. "We are acquiring a high-quality business at the right time, with the market in the early stages of its... 

Northcliff hopeful of ‘timely conclusion’ of Sisson permitting

By: Henry Lazenby     18th April 2018 Project developer Northcliff Resources is hopeful for a timely conclusion of the amendment process of the applicable metal mining effluent regulations, in consultation with all stakeholders and led by Environment Canada and Climate Change, for its Sisson tungsten/molybdenum mine, in New... 

Vale achieves best-ever quarterly sales in Q1, despite slide in iron output

By: Henry Lazenby     17th April 2018 Brazilian diversified miner Vale has reported its best first-quarter iron-ore sales ever despite production of the iron-making ingredient slipping somewhat during the three-month period. The company reported that output during the quarter ended March 31 slipped 4.9% year-on-year to 81.95-million... 

Vale achieves best-ever quarterly sales in Q1, despite slide in iron output
Photo by Vale
Vale's massive new SD11 mine, in Brazil

Largo eyes 25% Maracás Menchen capacity increase, plant improvements

By: Henry Lazenby     16th April 2018 Vanadium producer Largo Resources is looking to increase the production capacity at its flagship Maracás Menchen mine, in Brazil’s Bahia state, by 25% from the current 800 t/m to 1 000 t/m, it said in a statement on Monday. These improvements translate to a 200 t of additional vanadium pentoxide... 

Largo eyes 25% Maracás Menchen capacity increase, plant improvements

First ‘Resources for Future Generations’ conference to be held in Vancouver

By: Henry Lazenby     13th April 2018 The Resources for Future Generations conference (RFG2018) is scheduled to make its debut on the Canadian resource conference circuit between June 16 and 21, in Vancouver, and is shaping up to be an event unlike the myriad of competing forums held in Canada throughout the year. RFG2018 chairperson... 

First ‘Resources for Future Generations’ conference to be held in Vancouver
Photo by Resources for Future Generations Conference
RFG2018 chairperson John Thompson

West and Central African Mining Summit to tackle vital issues

     13th April 2018 The upcoming tenth West and Central African (WaCA) Mining Summit and Expo will showcase the dynamism and resilience of the mining industry in these regions, as well as explore the challenges facing mining in the region, with speakers that will cover various topics that have significant impact on... 

West and Central African Mining Summit to tackle  vital issues
PRESSING MATTERS The West and Central African Mining Summit and Expo will discuss the most pressing issues facing mining in the region

Services provider targets sub-Sahara

By: Melissa Zisengwe     13th April 2018 Dubai-based remote site construction and services provider RA International (RA) aims to introduce its broad service-offering to the sub-Saharan Africa mining industry. The company aims to provide a variety of packaged solutions, such as turnkey accommodation, facilities maintenance, plant and... 

Services provider targets sub-Sahara
TAILORED SERVICES RA International’s site analysis allows for service delivery tailored for the African region

Software, digitalisation to enhance mining productivity, efficiency

By: Mia Breytenbach     13th April 2018 Amid the recent economic downturn, with the global mining industry having to deal with volatile commodity prices, as well as the increasing need to improve operational efficiencies and address safety concerns, mining software solutions provider MICROMINE global marketing manager Kate Gilbey... 

Software, digitalisation to enhance mining productivity, efficiency
INCREASING AWARENESS Mining companies recognise the need to improve their processes to increase productivity and output and, ultimately, realise a healthier bottom line

Services demand in Africa rising

By: Melissa Zisengwe     13th April 2018 Over the past two years, local mining engineering consultancy Ukwazi has registered a rise in demand of between 20% and 30% for its service offering across Africa. The demand can mostly be attributed to the openpit operations across South Africa and Africa, but also to openpit operations... 

Services demand in Africa rising
SERVICES DEMAND Ukwazi has a pipeline of clients requesting additional services, mostly in the Southern Africa region

TSX-V conditionally approves listing of Altus Strategies’ shares

By: Marleny Arnoldi     12th April 2018 Africa-focused exploration project generator Altus Strategies has received conditional approval from the TSX Venture Exchange (TSX-V) to list the company’s ordinary shares on the exchange.  

Canada's Saskatchewan sees smaller fiscal deficit as spending kept tight

By: Reuters     11th April 2018 The Canadian province of Saskatchewan, home to major potash and uranium reserves, said on Tuesday it would run a smaller deficit in the current fiscal year and balance its books in 2019/20 as it keeps a tight lid on spending despite projected higher commodity prices. Saskatchewan, which has... 

Global trade politics cast shadow over Canadian M&A action – Oreninc

By: Henry Lazenby     10th April 2018 Market volatility continues to rattle the stock markets and metals commodities are alternately coming under pressure and recovering as US President Donald Trump and China stand-off over trade, or more specifically, their bilateral trade balance. It was against this backdrop that data company... 

Vanadium batteries need 'Elon Musk moment' to kick-start market

By: Bloomberg     10th April 2018 Vanadium needs Elon Musk or another big player in the global battery market to get behind the metal in order to share centre stage with other energy-storage components such as lithium and cobalt. “When we get that moment, we’re off to the races,” Vincent Algar, MD of Australian Vanadium, said in... 

US to lead global crude production as soon as 2023 – IEA

By: Henry Lazenby     10th April 2018 US shale production growth is expected to lift the jurisdiction to being the top oil producer globally by 2023, a report from the International Energy Agency (IEA) has shown. According to the IEA, US output will expand by 3.7-million barrels a day, more than half of the world’s expected... 

Kinder Morgan suspends Trans Mountain Expansion project as political firestorm heats up

By: Henry Lazenby     9th April 2018 Pipeline operator Kinder Morgan Canada (KMC) has placed non-essential activities and related spending to twin an existing crude oil pipeline between Alberta and British Columbia on ice, as opposition to the project in British Columbia intensifies. The C$7.4-billion project, which was previously... 

Kinder Morgan suspends Trans Mountain Expansion project as political firestorm heats up

Plug-and-play IoT edge gateway launched for industry, mining

By: Schalk Burger     6th April 2018 Information technology (IT) hardware multinational DellEMC and local Internet of Things (IoT) developer IoT.nxt have launched an edge computing device, called the Raptor, which enables businesses to deploy an IoT network in their operational environments to integrate existing sensors and... 

Initial public offerings slow during Q1 as volatility keeps investors at bay

By: Henry Lazenby     2nd April 2018 Initial public offerings (IPOs) on Canadian stock exchanges took a breather during the first quarter of this year, as issuers and investors digest a slew of relevant factors such as the implications of interest rate hikes, recent US tax changes, market volatility and threats to world trade,... 

Initial public offerings slow during Q1 as volatility keeps investors at bay

Vedanta wins bid to buy bankrupt Electrosteel Steels

By: Reuters     2nd April 2018 Vedanta, the Indian unit of diversified mining group Vedanta Resources, said on Saturday it had won in an auction to acquire bankrupt Electrosteel Steels. The transaction, financial details of which were not disclosed, is part of India's new bankruptcy law, which is aimed at cutting close to... 

Modular buildings supplier aims to expand its African footprint

By: Melissa Zisengwe     30th March 2018 The remote locations of African mine sites represent a significant business growth opportunity for prefabricated modular buildings supplier Kwikspace, says Kwikspace sales executive Roberto Campos. 

Modular buildings  supplier aims to expand  its African footprint
MINE-SITE OFFICES The South African mining sector has been Kwikspace’s biggest customer

Preventive maintenance project for remote site facilities under way

By: Melissa Zisengwe     30th March 2018 Mass accommodation product supplier Ascot Site Solutions will provide preventative maintenance on current and future equipment at a project on a remote copper mine site, in the Democratic Republic of the Congo (DRC). 

Preventive maintenance project for remote site facilities under way
RHETT BELLAMY It is our goal to make sure clients don’t suffer through endless breakdowns

‘Home away from home’ accommodation for mine

By: Melissa Zisengwe     30th March 2018 Prefabricated site accommodation supplier Speedspace completed the installation of a management camp for diversified miner Vedanta Resources’ zinc subsidiary Vedanta Zinc International’s Gamsberg project in February. 

‘Home away from home’ accommodation for mine
ACCOMMODATION CAMP Speedspace provided comfortable customised modular accommodation units

Private capital carves out mining niche with specialist focus

By: Henry Lazenby     28th March 2018 Generalist investment funds are having a hard time keeping up with the success private capital lenders have enjoyed in the mining space in recent quarters, with private equity firms carving out their niche by being specialists at their game. The generalist funds are underwriting real estate and... 

Private capital carves out mining niche with specialist focus

Eastplats targets first revenue from tailings project in Q3

By: Marleny Arnoldi     28th March 2018 Vancouver-based Eastern Platinum (Eastplats) reported on Wednesday that the construction of its Barplats subsidiary’s tailings facility at the Crocodile River mine, in South Africa’s North-West, was progressing well and that it expected to generate its first revenue from the operation in the... 

Largo narrows FY17 loss as record Q4 output, rising metal prices boost bottom line

By: Henry Lazenby     24th March 2018 Canadian vanadium producer Largo Resources has narrowed its net loss for 2017 to C$10.4-million, or C$0.02 a share, as record fourth-quarter production dovetailed into higher realised prices for its vanadium pentoxide (V2O5) product. Largo set a new monthly production record in December at its... 

Mining Charter must ensure radical transformation, inclusive growth

By: Marleny Arnoldi     23rd March 2018 In light of the Mining Charter III currently under review by the Department of Mineral Resources (DMR) and various stakeholders including mining houses, Siyakhula Sonke Empowerment Corporation Advisory (SSC Advisory) believes an ideal outcome would be for the charter to focus on radical... 

Mining Charter must ensure radical transformation, inclusive growth
Photo by Bloomberg
SOCIAL ENGAGEMENT Community problems cannot be solved by a one-size-fits-all, blanket approach – every mine and community is unique

Company starts offering advisory services

By: Marleny Arnoldi     23rd March 2018 Following the realisation that their mining clients often need advisory services with regard to technical or operational issues at a cost-effective rate, mining services and solutions provider Dickinson Group began offering advisory services to the industry in November.  

Company starts offering advisory services
ADVISORY ADDED Dickinson Group provides refractory and a range of smelter services to the mining industry, as well as advisory, aimed at improving efficiencies

Sustainable management of risks gains traction

By: Tasneem Bulbulia     23rd March 2018 Amid a range of land contamination issues in South Africa, mining houses are increasingly adapting their operations to be more holistic to curb environmental risks and create meaningful value for local stakeholders while achieving their objectives. Engineering consultancy WSP Africa environment... 

Sustainable management  of risks gains traction
HAZARDOUS The impacts of land contamination can be significant and widespread for mine operations, leading to high costs

Advisory firm recommends inclusive economic growth to facilitate transformation

By: Marleny Arnoldi     23rd March 2018 International investment in the South African mining industry remains a key factor in the development of the country’s mineral resources. Consequently, one of the challenges in the proposed amendments to the mining charter scorecard relates to the ownership structures and the limited capacity of... 

Goldman Sachs no longer one of top three commodities banks

By: Reuters     22nd March 2018 Goldman Sachs lost its place among the top three earners of commodities-related revenue in 2017, falling below rivals JPMorgan, Morgan Stanley and Citibank for the first time, data from analytics firm Coalition showed. US-based investment bank Goldman has been among the top three since Coalition... 

Deloitte launches Intelligent Mining Solution to encourage digital transformation

By: Nadine James     22nd March 2018 Advisory firm Deloitte has launched an Intelligent Mining Solution that illustrates how digital transformation in mining can address legacy industry challenges, improve safety and enable the required step change in performance. Deloitte collaborated with several technology business partners to... 

First Quantum steadies as CEO hopeful of escaping giant tax bill 

By: Bloomberg     21st March 2018 First Quantum Minerals recovered from what was shaping up to be its worst two-day drop in two years as its chief executive officer said he’s hoping to talk his way out of a $7.9-billion tax bill in Zambia - which includes $5.7-billion in interest. First Quantum received a letter from the Zambia... 

G20 agrees to 'monitor' cryptocurrencies but no action yet

By: Reuters     21st March 2018 Financial policymakers from the world's top 20 economies agreed to keep a watchful eye on cryptocurrencies on Tuesday and opened the door to regulating the booming industry at a later stage. Wild swings in the price of Bitcoin, the best known of a myriad of digital currencies issued by private... 

G20 sees need for 'dialogue,' fails to diffuse trade war threat

By: Reuters     21st March 2018 The world's financial leaders rejected protectionism on Tuesday and urged "further dialogue" on trade, but failed to diffuse the threat of a trade war days before US metals tariffs take effect and Washington is to announce measures against China. Finance ministers and central bankers of the... 

G20 sees need for 'dialogue,' fails to diffuse trade war threat
Photo by Reuters
Canada's Finance Minister Bill Morneau

Eco Oro pursues $764m suit against Colombia as Angostura project postures to perish

By: Henry Lazenby     20th March 2018 Junior project developer Eco Oro Minerals is pursuing a $764-million judgement against Colombia after a court ruling has cancelled exploration over half its concession as part of national efforts to preserve high-altitude wetlands, known as the Páramos. The Vancouver-headquartered company has... 

Eco Oro pursues $764m suit against Colombia as Angostura project postures to perish
Photo by Eco Oro Minerals
Angostura project, Colombia

EV adoption rate reaching critical mass as search for ethical cobalt heats up

By: Henry Lazenby     20th March 2018 Cobalt company Cobalt 27 is seeing an ideal storm brewing for its key commodity as the adoption rate of electric vehicles (EVs) accelerates faster than even optimistic forecasts had speculated. “Cobalt 27 is a proxy for the adoption of the EV,” executive chairperson Anthony Milewski told Mining... 

EV adoption rate reaching critical mass as search for ethical cobalt heats up

New platform to help resolve cross border mining services constraints 

By: Tracy Hancock     16th March 2018 There are two major challenges facing the supply of cross-border mining services in Africa – a lack of resources, such as skills and investment, and poor or nonexistent infrastructure – hindering the enormous growth in mining activity across Africa, says Cross-Border Mining Services Indaba... 

New platform to help resolve cross border mining services constraints
Cross-Border Mining Services Indaba conference manager Ros Hinchcliffe discusses the value of the inaugural event. Camerawork and Editing: Nicholas Boyd.

Confronting Africa’s corrupt business culture

By: Tracy Hancock     16th March 2018 Corruption is a huge challenge with regard to the supply of cross-border mining services in Africa. Corruption seems to be entrenched in the culture of the way things are done in Africa, as anticorruption laws are not necessarily well enforced, with Pretoria-based professional ethics advisory... 

Confronting Africa’s corrupt business culture
JANETTE MINNAAR-VAN VEIJEREN Organisations should rather share the valuable lessons learnt with one another and join forces against those who are there to exploit and corrupt the innocent

In-country partnerships vital to traverse cross border challenges

By: Tracy Hancock     16th March 2018 There are several constraints that hinder the cross-border supply chain in Africa, but the most daunting are the logistical challenges, given the vast distances that need to be covered – primarily over very poor roads – and congested and inefficient border crossings, says facilities management... 

In-country partnerships  vital to traverse cross border challenges
POSITION OF STRENGTH Sub-Saharan Africa has a reputation for historically having high barriers to entry, so International Facilities Services' presence has always been a competitive advantage
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