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Project Management News

Sale talks for Brazil's Belo Monte dam chill over price – sources

By: Reuters     26th July 2017 Negotiations for the sale of Brazil's huge Belo Monte hydropower dam have cooled due to disagreements on price and regulatory issues, three sources close to the process told Reuters. China's Zhejiang Electric Power Construction, one of the companies linked to negotiations that started in April... 

Largo, lender agree in principle to restructure debt

By: Henry Lazenby     25th July 2017 Vanadium producer Largo resources has reached an agreement in principle with its lender Banco Pine to convert and restructure about $33-million of debt facilities, the company said on Monday. The Toronto-headquartered miner advised that its subsidiary, Vanádio de Maracás, signed a non-binding... 

TSX falls, weighed by Barrick and other gold miners

By: Reuters     24th July 2017 Canada's main stock index fell on Monday, as gold miners broadly weighed and Barrick Gold lost nearly 5% after a company it majority owns, Acacia Mining, was hit with a bill for $190-billion in unpaid taxes in Tanzania. Railway stocks, big banks and pipeline and other energy stocks also put... 

Alacer completes Turkish Lira hedging contracts; eyes Çöpler capex saving

By: Henry Lazenby     21st July 2017 Turkey-focused miner Alacer Gold has completed foreign currency forward sales contracts to limit its exposure to the volatility of the Turkish Lira (TRY), the company announced on Friday. Alacer, which operates and owns an 80%-stake in the country’s Çöpler mine, said the hedging programme covers... 

Charter’s BEE ‘top-up’ provision may be unconstitutional

     21st July 2017 The new “top-up” provision in the latest Mining Charter gazetted on June 15, may prove to be unconstitutional and may lead to further expensive legal action by the mining industry, states Fasken Martineau partner and global mining group member Nicola Jackson. In a statement published on June 15,... 

Charter’s BEE  ‘top-up’ provision may be unconstitutional
GOVERNMENT PAYING LIP SERVICE? The controversial Mining Charter’s new procurement targets stipulate that 80% of services be performed by black economic-empowerment entities

Lack of confidence in black businesses cripples development

By: Nadine James     21st July 2017 Materials handling and alternative mining solutions expert Ncamiso Mining is expanding its presence in Welkom, where it sees strong potential to grow and support local black-owned and black economic-empowerment (BEE) entities across the various needs of their operations in the area. However,... 

Lack of confidence in black businesses cripples development
SYMBIOTIC RELATIONSHIP The sharing of knowledge and experience would prove invaluable to black-owned companies and, ultimately, benefit all the businesses in the mining sector

BMI index shows policy determines market attractiveness in Latin America

By: Henry Lazenby     20th July 2017 With policy being of the utmost importance when determining market attractiveness, countries with reliably stable  business environments will continue to dominate the top mining risk/reward index scores in the Americas, reflecting miners' prioritisation of reducing risk, given a volatile mineral... 

Trump urged by CEO to nationalise the only US rare-earths mine

By: Bloomberg     19th July 2017 The head of an advanced-materials manufacturer said he met with President Donald Trump’s chief strategist, Steve Bannon, on Monday to persuade him that the US should nationalise the country’s only mine of rare earth minerals, which are used in military applications. “The staff understood the... 

Trump urged by CEO to nationalise the only US rare-earths mine
Photo by Reuters
Rare earths processing at Molycorp's Mountain Pass mine, California

Africa needs to embrace Industry 4.0

By: Simone Liedtke     14th July 2017 Owing to challenges, such as depressed commodity prices, declining revenues, increasing production costs and high energy costs, the African mining industry needs to embrace new solutions based on the Industry 4.0 industrial transformation, states engineering company Bosch mining key account... 

Africa needs  to embrace Industry 4.0
LANDRY MEYA Industry 4.0 cannot be prevented, as many challenges are resolved or addressed by this trend

Beneficiation remains key to realising African Mining Vision

By: Simone Liedtke     14th July 2017 The key to the Africa Mining Vision (AMV) achieving its goals is to bring processing to the source of mineral production, says African Union Commission senior industry adviser Frank Mugyenyi, noting that this amounts to adding industries where African countries are exporting raw material. 

Beneficiation remains key to realising African Mining Vision
FRANK MUGYENYI The African Mining Vision calls on African countries to add value to mineral resources in Africa by taking advantage of backward and forward linkages

Demand for African resources, but common codes needed

By: Simone Liedtke     14th July 2017 African mining has entered into the new up-cycle for commodities, which is fuelled by the economic growth profile in the eastern hemisphere – which includes China, Mongolia and the Pacific rim region, as well as the global uncertainty over the value of and the sustained availability of ‘cash-money’. 

Demand for African resources, but common codes needed
A CASE FOR MAJORS Bulk commodities are for major investors only, as these require substantially ‘deep pockets’

Diversified openpit miner looks to entire continent for growth

By: Simone Liedtke     14th July 2017 Multidisciplinary openpit mining company Afrimat intends to develop its strategy of growth through diversification further by exploiting new opportunities in Africa by remaining “agile and entrepreneurial”. 

Diversified openpit miner looks to entire continent for growth
DIRO IRON-ORE MINE Afrimat is aiming to reach a production rate of one-million tons a year of saleable product

Mali gold project production targeted for December

By: Simone Liedtke     14th July 2017 Multi-asset gold company Hummingbird Resources is developing the advanced Yanfolila gold project, in Mali, as a low-cost, high-grade openpit mining operation, with first gold production targeted for December. 

Mali gold project production targeted  for December
YANFOLILA GOLD MINE The overall investment to bring the project into production will be around $88-million

Mining companies urged to make better use of digital technology

By: Ilan Solomons     14th July 2017 Struggling with commodity prices, declining ore grade and operational challenges, South African miners have no choice but to focus on creating operational excellence to buffer against declining margins, says research and consultancy firm the International Data Corporation (IDC). IDC worldwide... 

Mining companies urged to make better use of  digital technology
Photo by SAP
INTERGRATING SYSTEMS Creating operations that are interconnected digitally and built on processes enabled by data to deliver responsive and agile operations is of ‘critical importance’

Power increasingly expensive input cost in Southern African mining

By: Simone Liedtke     14th July 2017 In Southern Africa, power is becoming a far higher input cost in industries and processes than it was in the past, says mining ventilation solutions provider TLT Actom director Craig Johnston, highlighting that one of the major input costs at any underground mine or process plant is that of... 

Power increasingly expensive input cost in Southern African mining
TOTAL VENTILATION One of the major input costs at any underground mine or process plant is that of ventilation or air used in the process

Rest of Africa accounts for 50% of optimistic OEMs’ workload

     14th July 2017 South African process equipment supplier MIP Process MD Phillip Hoff is positive that 2017 will be a good year for the original-equipment manufacturer (OEM). “Our pricing and [the level of] quality mean we are still highly competitive, compared with Asian and Chinese manufacturers.” 

Rest of Africa accounts for 50% of optimistic OEMs’ workload
PHILLIP HOFF Seventy-five per cent of MIP Process’s business is outside of South Africa, as opposed to 25% about a year ago

South African simulators commissioned in Madagascar

By: Simone Liedtke     14th July 2017 Mining company Sherritt International’s Ambatovy operation, in Madagascar, has commissioned its Cybermine heavy equipment operator training simulators from South African surface and underground mining simulator supplier ThoroughTec Simulation. 

South African simulators  commissioned in Madagascar
NEED FOR SAFETY The Cybermine high-fidelity training simulators answer the need for safe training of heavy equipment operators

Prophecy secures third vanadium project in 2017

By: Henry Lazenby     13th July 2017 Canadian project developer Prophecy Development Corp has secured a third vanadium-focused project in 2017, announcing on Thursday that it has signed a lease on the Louie Hill vanadium project, in Nevada With the acquisition of the Louie Hill project, together with the previously acquired... 

Africa remains tough but attractive mining destination

By: Nica Schreuder     13th July 2017 Despite potential risk factors associated with mining in Africa, mining services provider Fraser Alexander executive business development head Ken Bouch says the rewards make it worth investing in the mineral-rich continent. 

Africa remains  tough but attractive mining destination

Largo’s lenders cancel, defer funding provisos as vanadium price continues to rise

By: Henry Lazenby     12th July 2017 Canadian vanadium producer Largo Resources’s syndicate of lenders under existing debt facilities have agreed to terminate and defer capitalisation requirements totalling $10-millionon the back of rising vanadium prices. The TSX-listed firm, which built and operates the Maracas Menchen mine, in... 

Largo’s lenders cancel, defer funding provisos as vanadium price continues to rise
Photo by Largo Resources
Maracas Menchen vanadium mine, Brazil

Quebec govt to invest C$2.13m in Canadian Metals’ silica mine

By: Henry Lazenby     12th July 2017 The Quebec provincial government has given its investment vehicle Ressources Québec approval to invest C$2.13-million in junior project developer Canadian Metals, completing the company’s C$9.2-million global financing plan to implement its Langis high-grade silica project. The government... 

Miners rewarded for improved capital discipline

By: Henry Lazenby     11th July 2017 Increased cash flows, merger and acquisition (M&A) activity and new debt issues have helped many of the world’s top miners strengthen their balance sheets in 2016, reflecting miners’ response to investor messages around capital discipline, according to new analysis from PwC Canada. "As the global... 

Miners rewarded for improved capital discipline

Advantage Lithium accelerates drilling at flagship Cauchari asset

By: Henry Lazenby     11th July 2017 Canadian explorer Advantage Lithium has added a second drill rig at its Cauchari joint-venture (JV) lithium property, located in the Cauchari Salar of Jujuy province, in north-west Argentina. The Vancouver-based company said on Monday that the second rotary drill rig has been mobilised and has... 

Q2 output beats Rye Patch ramp-up plan

By: Henry Lazenby     10th July 2017 Junior miner Rye Patch Gold has reported above-plan output for the June-quarter, as it continues to ramp up production from its new leach pad at the refurbished Florida Canyon mine, in north-western Nevada. Since its completion in April, the new pad has completed its first full cycle of leaching... 

Advanced diagnostics, IIoT to unlock valuable mining data – Endress & Hauser

By: Schalk Burger     7th July 2017 Using the industrial Internet of Things (IIoT) and advanced diagnostics systems that draw new data from sensors in mines can provide deeper insight into operations and improve control, says industrial automation multinational Endress & Hauser Group mining industry manager Jenish Gheewala. Data is... 

Data-mining improves mine management  

By: Victor Moolman     7th July 2017 The new technologies being developed by multinational engineering and electronics company Bosch to help improve mine management are part of Mining 4.0 taking place at projects worldwide. 

Data-mining improves mine management
Bosch Africa region key account manager mining Landry Meya explains the technology available from the company. Camerawork: Victor Moolman.

Argentina puts weight behind Cauchari-Olaroz lithium project as construction activity ramps up

By: Henry Lazenby     6th July 2017 Argentinian President Mauricio Macri last week reaffirmed government support for the construction of the Cauchari-Olaroz lithium project. The project is 100%-owned by Minera Exar, which is a 50:50 joint venture company between junior lithium firm Lithium Americas and Sociedad Quimica y Minera de... 

Local miners leverage existing infrastructure to extend operations

By: Nadine James     30th June 2017 As a result of financial constraints, South African gold miners are looking to exploit their existing infrastructure to mine licensed blocks adjacent to existing operations, says mining engineering consultancy Ukwazi Mining. Ukwazi underground engineer Hans Dippenaar notes that, in this way,... 

Local miners leverage existing infrastructure  to extend operations
REDUCE REUSE RETREAT Mines are attempting to reduce costs by using existing infrastructure to mine new blocks, while supplementing revenue by retreating tailings

Poor governance, accountability stymieing rehabilitation after mine closure

By: David Oliveira     30th June 2017 Delegates at the mining seminar of Sustainability Week, which took place at the Council for Scientific and Industrial Research, in Pretoria, earlier this month, heard that greater levels of governance and accountability were needed to ensure effective land rehabilitation post-mine closure. South... 

Petrolithium partners MGX Minerals, PurLucid complete laboratory extraction system

By: Henry Lazenby     29th June 2017 Lithium-focused partners MGX Minerals and PurLucid Treatment Systems has completed a 1 000 ℓ/d petrolithium extraction and water treatment system. The system was developed by engineering partner PurLucid, and will be deployed for large-scale testing of bulk water samples from MGX's petrolithium... 

Few resource-rich countries properly manage their natural resources – report 

By: Reuters     28th June 2017 More than 80% of the world's major mining, oil and gas-producing countries fail to adequately govern the way they extract and manage natural resources, according to an index that tracks accountability and corruption. Eritrea was the worst performer in the annual index released by the New... 

Sisson tungsten/moly play gets federal nod

By: Henry Lazenby     24th June 2017 TSX-listed Northcliff Resources’ majority owned Sisson Mines has received Canadian federal approval for the Sisson tungsten/molybdenum mine, in New Brunswick, following an environmental assessment under the Canadian Environmental Assessment Act. The federal Minister of Fisheries, Oceans and the... 

Association applying changes to expand representation

By: Simone Liedtke     23rd June 2017 Owing to it being approached by various other opencast mining and quarrying companies and bodies, private-sector producers’ association Aggregate and Sand Producers Association of Southern Africa (Aspasa) will from now on only be known as Aspasa as it has dropped the ‘aggregate and sand’ from its... 

Association applying changes to expand representation
SEVERE NEED There is a severe need for services to be delivered from a central and well-organised body to the opencast mining sector

Multidisciplinary mining company says market is challenging

By: Simone Liedtke     23rd June 2017 With the general depletion of natural sand reserves around South Africa, especially within large cities, multidisciplinary materials openpit mining company Afrimat has invested in sand producing plants – especially in Gauteng – to produce high-quality concrete sands to ensure higher concrete... 

Multidisciplinary mining company says market  is challenging
CHALLENGING CONDITIONS Overall, the construction materials sector remains relatively flat

New technologies, mechanisation require adapted mining maintenance

By: Marleny Arnoldi     23rd June 2017 There are numerous developments globally that combine analytics with advanced technologies to enhance the effectiveness of maintenance solutions, complementing the broader trend of mines moving away from one-off cost reductions and employing sustainable cost-management programmes that improve... 

New technologies, mechanisation  require adapted mining maintenance
OVER TO YOU Earlier this year, Takraf Africa signed a contract with junior coal miner Black Wattle to maintain its semimobile Bradford Breaker

Process-focused solution ups output

     23rd June 2017 North West sand and aggregate supplier CNC Crushers raised throughput by 45% at its Roadstone Shaft 5 crushing plant while simultaneously cutting back on maintenance, after implementing a full process-focused solution from industrial equipment supplier Weir Minerals Africa. 

Process-focused solution ups output
NEW TECHNOLOGY PAYS The installation of the Cavex hydrocyclone at CNC Crushers’ Stilfontein operation has resulted in increased production and reduced slimes to the tailings dam

First Cobalt on the rise as it consolidates cobalt exploration portfolio

By: Henry Lazenby     22nd June 2017 Toronto-based First Cobalt (FCC) has positioned itself to become the world’s largest cobalt exploration company under pending deals to merge with ASX-listed Cobalt One and acquire fellow TSX-V-listed CobalTech Mining. Based on FCC's C$30-million market cap, plus the market caps of Cobalt One... 

First Cobalt on the rise as it consolidates cobalt exploration portfolio
Photo by Bloomberg
A worker displays a handful of cobalt metal nuggets at the Nchanga copper mine, operated by Konkola Copper Mines, in Chingola, Zambia

Eastplats files audited annual consolidated financial statements

By: Henry Lazenby     15th June 2017 Embattled platinum development company Eastern Platinum (Eastplats) on Wednesday filed its audited annual consolidated financial statements for 2016 after completing an investigation into certain transactions entered into by the former management. The Vancouver-based company, with platinum group... 

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