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Orion identifies exploration targets through survey

By: Megan van Wyngaardt     14th December 2017 A 962 km2 high-power SkyTEM airborne electromagnetic (EM) survey that dual-listed Orion Minerals started at the Areachap Belt, in the Northern Cape, in late November, has identified four primary and 11 secondary priority targets for exploration. The company now intends to expand its activities to... 

Forecast price drop influenced by Chinese economic refocusing

By: Megan van Wyngaardt     8th December 2017 Maintaining its iron-ore price forecast at an average of $70/t for the year and $50/t for 2018, research firm BMI says its predicted price drop is influenced by China’s economic refocusing away from heavy industry. “This will dampen demand for iron-ore,” the firm says, adding that, when combined... 

Sasol Mining’s acquisition of Anglo Inyosi Coal’s mining rights approved

By: Creamer Media Reporter      6th December 2017 Sasol Mining has been granted approval by the Competition Tribunal to acquire with Anglo American Inyosi Coal’s mining rights over a coal resource in Mpumalanga. The approval was given to Sasol Mining Holdings and Ixia Coal, its black economic empowerment partner. 

Glencore bets big on car battery metals

By: Reuters     5th December 2017 Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards. The Anglo-Swiss company's output of cobalt and copper... 

Rio picks Thompson for chairperson as investors target discipline

By: Bloomberg     4th December 2017 Rio Tinto named industry veteran Simon Thompson as chairman after shareholders rejected a plan to install a renowned dealmaker -- reinforcing an industry-wide investor drive for higher returns and caution over project spending. Thompson, 58, a Rio director since 2014 and previously an executive... 

No opencut mining at Drayton South, but underground allowed

By: Mariaan Webb     1st December 2017 The New South Wales government on Friday announced that it would amend policies to ban opencut coal mining in the Hunter Valley, where a heated battle between horse stud owners and major miner Anglo American has been raging over the Drayton South coal project. The New South Wales government,... 

South African silicosis case nears out-of-court settlement

By: Reuters     22nd November 2017 Lawyers acting for thousands of miners who contracted fatal lung diseases silicosis and TB in mines said on Tuesday settlement talks with implicated gold companies for an out-of-court deal could be reached by December. The High Court last year set the stage for protracted proceedings on cases... 

One of the world's biggest miners is about to go coal free

By: Bloomberg     10th November 2017 Just five years ago it would have been almost unthinkable that one of the world’s biggest mining companies would not dig any coal. It’s now likely to become a reality. Rio Tinto Group, the world’s second-largest miner, has been steadily backtracking from coal to focus on better assets. It’s now... 

Kumba’s September-quarter iron-ore output 2% down year-on-year

By: Mia Breytenbach     3rd November 2017 Anglo American subsidiary Kumba Iron Ore’s production decreased by 2% year-on-year to 11.5-million tonnes for the quarter ended September 30. This was owing to a 7% decrease in the Sishen mine’s production to 7.8-million tonnes, compared with 8.3-million tonnes in the third quarter of 2016. 

Billionaire Agarwal increases stake in Anglo American to 19%

By: Bloomberg     13th October 2017 Billionaire Anil Agarwal has increased his stake in Anglo American to 19%, making him the biggest shareholder in the London blue-chip mining company. Agarwal’s Volcan Holdings Plc bought 102.2-million shares in Anglo, according to a regulatory filing Friday. The Indian billionaire, who said last... 

Trust and confidence key to advancing S African mining

By: Robyn Wilkinson     29th September 2017 With uncertainty reigning in the South African mining landscape, it is imperative that the private sector maintain a positive approach to transformation, says consulting engineering and scientist firm SRK Consulting partner and principal consultant Andrew van Zyl. 

Electric buses expected to spur platinum demand – Implats 

By: Martin Creamer     19th September 2017 Electric buses powered by platinum-catalysed fuel cells are attracting the attention of South Africans, who will visit Germany next month to update themselves on passenger carriers that emit zero pollution into the atmosphere. “There’s a lot of interest in fuel cell buses simply because the... 

Alrosa records slight y-o-y increase in August diamond sales

By: Mariaan Webb     7th September 2017 Russian diamond major Alrosa on Thursday reported a 3.3% year-on-year increase in rough and polished diamond sales, in what is traditionally a low season for trading. The company sold $257.6-million worth of diamonds in August, comprising rough diamond sales of $255.7-million and polished diamond... 

Spectrem Air

     1st September 2017 With a DC3 fixed-wing aircraft and range of airborne geophysical equipment, including its Squid magnetic gradiometer sensor, Johannesburg-based airborne geophysics technology provider Spectrem Air is well equipped to deliver integrated three-dimensional (3D) solutions for geological mapping;... 

End-to-end modernisation needed to bring mining up to speed

By: Martin Creamer     25th August 2017 Fingers are being crossed that the new Mining Precinct, in Auckland Park, Johannesburg, will safeguard the future of South Africa’s mining industry through developing new people-centred technology and techniques that prepare mines for modern mining methods. Many are hoping that the Mining... 

Australian Pacific cautious on new funding deal

By: Esmarie Swanepoel     21st August 2017 The share price of coal miner Australian Pacific Coal fell by more than 16% on Monday after the company said that it had been unable to reach acceptable terms to finalise a binding funding proposal. The ASX-listed company last week flagged a possible funding offer, telling shareholders that it... 

Simulators to facilitate training on new mining equipment

By: Simone Liedtke     18th August 2017 Tertiary education institution the Canadian Collège Communautaire du Nouveau-Brunswick (CCNB) plans to initially offer two mining programmes through its newly launched Mine Training Centre in September, after taking delivery of six military-grade Cybermine simulators in March. 

Outlook stable for Anglo American – S&P's

By: Anine Kilian     11th August 2017 Ratings agency Standard and Poor’s (S&P’s) has given global mining company Anglo American a stable outlook, raising its long- and short-term corporate credit ratings to BBB-/A-3 from BB+/B. The agency also raised Anglo American’s long-term South Africa national scale rating to zaAAA from zaAA+,... 

Anglo, Glencore coal mines warned over dust levels

By: Mariaan Webb     11th August 2017 Queensland has warned multinational miners Anglo American and Glencore about dust levels in their coal mines and has said that operations that fail to comply with legislation will be closed. In a rare move, Queensland Mines Minister Anthony Lynham named the two companies in Parliament on... 

Company catches wave of renewed Aussie exploration

By: Marleny Arnoldi     11th August 2017 Johannesburg-based airborne geophysics technology provider Spectrem Air will later this month explore 6 000 km2 for an Australian mining company in Western Australia using its airborne geophysics SPECTREMPlus system.  

Resources Watch  

     10th August 2017 Mentors ease entry; Women representation increases from ‘extreme minority’ to 13%-plus of SA’s mining workforce; and NUM and ANC ‘very encouraging’ says Royal Bafokeng 

Mentors ease entry  

By: Nica Schreuder     4th August 2017 Finding a mentor who has extensive experience in the industry is one way of mitigating challenges facing women in the mining industry, says multinational mining company Anglo American production section shift supervisor Prianka Padayachee. Women in mining face many challenges in a traditionally... 

Role models essential for women in mining

By: Nica Schreuder     4th August 2017 When multinational mining company Anglo American mine overseer Lorraine Nndwambi first entered the mining industry 2013, female mentors were scarce. This made acclimatising to the working environment in the mining industry more of a challenge and made it difficult for her to determine “how to... 

Sub-Saharan Africa’s iron-ore sector to benefit from Chinese investment

     28th July 2017 Sub-Saharan African iron-ore production is expected to continue to edge up from 93-million tons in 2017 to 103-million tons in 2021, as continued Chinese investment in the region offsets the effects of lower global prices, says research firm BMI, which also, however, warns of the risk the... 

SPEED DATING

By: David Oliveira     28th July 2017 Project delivery and engineering consultancy WorleyParsons South Africa this month hosted a conference at its offices in Melrose Arch, Johannesburg, where entrepreneurs were given 90 seconds to network with some of the largest mining and engineering companies, including Rio Tinto and Anglo... 

Cash-gushing Anglo restarts dividend as earnings double

By: Martin Creamer     27th July 2017 The underlying earnings of diversified mining company Anglo American have more than doubled in the six months to June 30, when the generation of cash in the half year was more than all of 2016. Earnings hit the $1.5-billion mark and cash flow soared to $2.7-billion. 

Kumba CEO Mkhwanazi concerned by Minister’s reneging  

By: Martin Creamer     25th July 2017 Kumba Iron Ore CEO Themba Mkhwanazi on Tuesday expressed concern about the mineral rights and mining transaction moratorium that has been gazetted by Mineral Resources Minister Mosebenzi Zwane, especially because it followed his agreement to suspend the implementation of Mining Charter Three... 

Fuel cell vehicle sales boosting platinum demand outlook   

By: Martin Creamer     24th July 2017 Growth potential for platinum is emerging in the rapid build-up off a low base of fuel cell electric vehicle sales. Fuel cell vehicle sales are expected to grow by more than 200% this year, with Japan targeting 200 000 fuel cell electric vehicles on its roads in 2025 and 800 000 in 2030. 

Diamond output leap helps Anglo

By: Martin Creamer     20th July 2017 A sharp rise in rough diamond production at a time of stable diamond trading conditions has boosted diversified mining company Anglo American in the three months to June 30, when overall production was 8% up on a copper-equivalent basis. Rough diamond production increased by 36% to 8.7 million... 

Highlands hands over Star Mountain reins

By: Esmarie Swanepoel     20th July 2017 ASX-listed junior Highlands Pacific has announced its intention to transfer the management of the Star Mountain exploration project, in Papua New Guinea, to joint venture (JV) partner Anglo American after the company spent the required $25-million. Under the JV agreement that was struck in 2015,... 

Platinum for new fuel cell Mercedes cut to autocat level  

By: Martin Creamer     12th July 2017 German car manufacturer Daimler has cut the platinum loading of its new fuel cell Mercedes to catalytic converter level. “We reduced the amount of platinum by 90%, which provides a significant cost reduction. Our fuel cell is not much above the platinum loading of a catalytic converter on a... 

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... 

Dartbrook resource estimated at 2.5-billion tonnes

By: Esmarie Swanepoel     27th June 2017 An independent assessment has estimated that the Dartbrook project, in New South Wales, contained some 2.5-billion tonnes of coal resource. ASX-listed Australian Pacific Coal on Tuesday said that some 588-million tonnes were classified as measured with a further 850-million tonnes classified as... 

Banks balk at risk of funding South Africa Mining Charter deals

By: Bloomberg     26th June 2017 South Africa’s plan to force mining companies to give the black majority a bigger stake in the nation’s mineral wealth faces a major obstacle: convincing  banks to back billions of dollars of fresh deals in an industry in decline. Mineral Resources Minister Mosebenzi Zwane said on June 15 that... 

Miners tumble as South Africa escalates black ownership rules

By: Bloomberg     15th June 2017 Companies including Anglo American and Sibanye Gold dropped after South Africa increased the minimum black ownership requirement for local mines and set a 12-month deadline for compliance with the new rules. The Department of Mineral Resources will raise the requirement from the current 26% to... 

Zwane reveals final Mining Charter, despite boycott

By: News24Wire      15th June 2017 The new and final Mining Charter revealed by Mineral Resources Minister Mosebenzi Zwane on Thursday increases the level of black ownership at mining companies from 26% to 30%. In addition, mining prospecting rights need to have a minimum of 50% plus one share, while companies will be required to... 

Miners frozen out as South Africa readies new empowerment rules 

By: Bloomberg     31st May 2017 Mining companies in South Africa have been frozen out of consultation over regulatory changes that could dilute shareholders, raise costs and impose new levies to fund community development. South Africa’s Cabinet last week approved a new draft of the country’s Mining Charter and Mineral... 

Dartbrook sale completed – Anglo American

By: Esmarie Swanepoel     29th May 2017 Diversified miner Anglo American has completed the sale of its 83.33% interest in the Dartbrook coal mine, in New South Wales to ASX-listed Australian Pacific Coal (APC). The two companies at the end of 2015 agreed to the A$50-million transaction, which included an upfront cash payment of... 

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