http://www.miningweekly.com
R/€ = 16.15 Change: 0.00
R/$ = 14.17 Change: 0.00
Au 1239.98 $/oz Change: 0.00
Pt 789.68 $/oz Change: 0.00
 

Project Management News

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,... 

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

Digitalisation, automation to increase across Africa

By: Mia Breytenbach     16th March 2018 Digitalisation and automation in the mining industry have become a reality, says mining and equipment services provider Sandvik Southern Africa sales VP Simon Andrews, who tells Mining Weekly that industry “has stepped beyond the conceptual phase and entered the operational phase”. He suggests... 

Digitalisation, automation to increase across Africa
DIGITALISATION EMPHASIS The OptiMine information management systems are suitable for surface and underground mining applications

Paradigm shift required to position mining industry for long-term success

By: Henry Lazenby     15th March 2018 The long-term mindset of the mining industry will have to change to position itself for long-term success, set against an ever-changing landscape, says BHP Billiton's head for Minerals America, Daniel Malchuck. He told an audience during the keynote session of the recent Prospectors and... 

Paradigm shift required to position mining industry for long-term success
Photo by BHP Billiton
Escondida, Chile

World's biggest mining show draws huge crowd, signalling mining investment optimism

By: Henry Lazenby     7th March 2018 The Prospectors & Developers Association of Canada's (PDAC's) 2018 convention, in Toronto, drew an international crowd of 25 606 people, in what is widely considered as a clear sign that optimism is returning to the mineral exploration and mining industry following several years of turmoil.... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

Pending toll milling, Bunker Hill ready to roll in as little as 60 days

By: Henry Lazenby     7th March 2018 The 'crown jewel' of the Coeur D'Alene zinc, lead and silver mining district, in northern Idaho, could be in initial production in as little as 60 days pending finalisation of a toll milling agreement, after the US Environmental Protection Agency (EPA) signed an agreement releasing owner Bunker... 

Pending toll milling, Bunker Hill ready to roll in as little as 60 days
Photo by US Environmental Protection Agency
A file photo of the Bunker Hill smelter operating in winter snow during the 1970s.

Nexa a pioneer of the new future of mining – Tito Martins

By: Henry Lazenby     6th March 2018 Recently rebranded Brazilian miner Nexa Resources is at the forefront of innovating in the mining industry with progressive policies and innovative technologies, an audience attending the keynote session during the Prospectors and Developers Association of Canada's 2018 convention has heard.... 

Nexa a pioneer of the new future of mining – Tito Martins
Photo by Henry Lazenby
Nexa Resources president and CEO Tito Martins addresses the audience during the PDAC 2018 keynote session, in Toronto

Mining-specific staff recruitment, management app developed 

By: Mia Breytenbach     6th March 2018 To refine and improve the execution of recruitment within the mining industry, mining and engineering professionals recruiter TrueVine Consulting has developed a new, innovative online recruitment platform, called Digger. “Digger is a digital recruitment, talent management and staff retention... 

Mining-specific staff recruitment,  management app developed
Innovative mining-specific staff recruitment, management app developed. Editing: Darlene Creamer and Christo Greyling.

Building trust between miners, host governments a prerequisite to foster economic prosperity

By: Henry Lazenby     6th March 2018 Endemic mistrust between private sector miners and African jurisdictions belies the spirit and objectives set out in the African Union's African Mining Vision, an audience attending the eighth MineAfrica panel discussion at the Prospectors and Developers Association of Canada conference heard on... 

Building trust between miners, host governments a prerequisite to foster economic prosperity
Photo by Henry Lazenby
MineAfrica 8th Panel Discussion on African Mining in 2018-Politics, Policies and Opportunities

Partying with purpose: world's miners drink and deal after dry years

By: Reuters     5th March 2018 While not the premium liquor and prime rib parties of old, miners are laying on the cocktails again after several lean years, booking hotel lounges and nightclubs to twin drinks with deal making. An upbeat tone at the world's biggest mining conference comes as global exploration spending snaps a... 

Largo aims to expand market reach with new powder product capability

By: Henry Lazenby     5th March 2018 Vanadium producer Largo Resources will qualify, produce and sell vanadium pentoxide (V2O5) powder to supplement its current V2O5 fused flake production. The Toronto-headquartered company will explore the new product offering through its existing exclusive offtake partner Glencore International,... 

Trump says US to impose steep tariffs on steel, aluminium imports

By: Reuters     2nd March 2018 US President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminium to protect US producers, risking retaliation from major trade partners like China, Europe and neighbouring Canada as well as helping to trigger a large selloff on Wall Street. Trump said... 

Trump says US to impose steep tariffs on steel, aluminium imports

Miners broadly welcome federal Budget 2018 bar some caveats

By: Henry Lazenby     1st March 2018 The Canadian mining industry has welcomed the federal 2018 budget that was announced this week, highlighting particular support for the extension of the Mineral Exploration Tax Credit and several additional funds made available for critical skills training. Canada's Budget 2018, tabled by... 

Miners broadly welcome federal Budget 2018 bar some caveats
Photo by Reuters
Canada's Finance Minister Bill Morneau delivers the budget in Ottawa

EY's Mining Eye index puts in solid Q4; M&A activity muted ahead of PDAC

By: Henry Lazenby     28th February 2018 The EY Canadian Mining Eye index has showed a fourth-quarter gain of more than 2% quarter-on-quarter, to 4%. The increase in the Canadian Mining Eye index's performance suggests confidence in pursuing growth is returning to the sector, after an extended period of volatility, according to EY. The... 

EY's Mining Eye index puts in solid Q4; M&A activity muted ahead of PDAC

BC establishes mining task force to grow jobs

By: Henry Lazenby     27th February 2018 The British Columbia government has established the long-awaited Mining Jobs Task Force on Monday. The task force has its roots in the 2014 Mount Polley mine tailings pond failure in the Cariboo region of the province, and is established amid intensifying disputes with Alaska over downstream... 

BC establishes mining task force to grow jobs
Photo by British Columbia Government
BC Minister of Energy, Mines and Petroleum Resources Michelle Mungall announces the provincial Mining Jobs Task Force

#DisruptMining competition heats up as four finalists named

By: Henry Lazenby     27th February 2018 The #DisruptMining mining innovation challenge has named the four finalists who will compete against each other during the grand finale to be held during the Prospectors and Developers Association of Canada's yearly convention early in March. The yearly competition, hosted by gold miner... 

Finland takes top spot for mining-friendly investment 

By: Henry Lazenby     23rd February 2018 Finland has ousted Saskatchewan as the top international jurisdiction for mining investment, Canada's Fraser Institute announced on Thursday. Canada's leading independent think-tank, the Fraser Institute, administers its Annual Survey of Mining Companies and ranks jurisdictions around the world... 

Finland takes top spot for mining-friendly investment

Mines pledge to assist RAL with provincial road infrastructure delivery projects

By: Simone Liedtke     19th February 2018 Provincial road infrastructure delivery agency Roads Agency Limpopo (RAL) has identified four opportunities for potential future strategic partnerships, which are valued at an estimated R1.12-billion, based on a preliminary technical assessment. This follows the RAL's stakeholder engagement and... 

Latest News

more

Latest Videos

more

Company Announcements

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Close