R/€ = 15.71 Change: 0.00
R/$ = 13.43 Change: -0.02
Au 1231.96 $/oz Change: 8.71
Pt 829.00 $/oz Change: 16.94


Chilean miner Mantos Copper seeks buyer to help finance expansion

By: Reuters     6th July 2018 Private equity-backed Chilean miner Mantos Copper is looking to find a buyer to help finance the expansion of mines it bought from Anglo American in 2015, it said. The company's owner, a consortium led by British investment company Audley Capital Advisors and Orion Mine Finance Group, bought... 

On-The-Air (06/07/2018) 

By: Martin Creamer     6th July 2018 Black-controlled mining company Exxaro has hit the high spots with the introduction of South Africa’s first ‘smart’ mine. A strongly black-empowered mining company is taking steps to raise money in London for its modern new phosphates operation in the Western Cape. The Bafokeng community is... 

On-The-Air (22/06/2018) 

By: Martin Creamer     22nd June 2018 Coal exporters can look forward to faster turnaround times at the Richards Bay Coal Terminal, following the commissioning of a brand new suite of equipment. South Africa’s secretive Department of Mineral Resources needs to subject itself to independent transparency evaluation and to set reform... 

Conveyor Watch

1st June 2018 Johannesburg-based materials handling consulting company Conveyor Watch specialises in the evaluation of conveyor systems, providing its services on site to operations across Southern Africa. Its team of experts have a wealth of experience in the materials handling arena, offering its clients “a... 

Agarwal wants to build Indian commodity giant to rival majors

By: Bloomberg     25th May 2018 Billionaire industrialist Anil Agarwal plans to leave behind a legacy: an Indian resources group to rival the world’s biggest. The founder and owner of Vedanta Resources wants to keep building the company into a giant producer of the commodities that India needs to curb its reliance on imports,... 

Russian diamond producer Alrosa says H1 sales to exceed initial expectations

By: Reuters     25th May 2018 Russia's Alrosa, the world's largest producer of rough diamonds in carat terms, said on Thursday first-half sales would be significantly higher than it originally planned due to market strength. Speaking on the sidelines of the St Petersburg economic forum, Alrosa chief executive Sergey Ivanov... 

Vedanta chairperson outlines KCM long term growth plan

18th May 2018 Employees of natural resources company Vedanta Resources subsidiary copper mining and smelting company Konkola Copper Mines (KCM) should feel secure and understand that the company cares for them as it rolls out its ‘Path to Growth’ to boost copper production, states Vedanta Resources chairperson... 

Alrosa sees rosy prospects from colourful diamonds

By: Reuters     16th May 2018 Russia's Alrosa, the world's largest diamond producer by output, plans to boost revenue from selling rare, coloured stones where demand is stable, although it is a niche business. Nature gives fancy colours to about one in every 10 000 rough diamonds of gem quality that are mined around the world. 

Anglo American to spin off unit to encourage platinum demand

By: Reuters     15th May 2018 Anglo American will spin out its internal venture capital unit, it said on Tuesday, as the world's biggest platinum producer seeks to spur investment in fuel-cell technology to boost demand for a commodity in oversupply. A push, particularly in Europe and China, for lower-emission transport... 

Louis Dreyfus completes $466m sale of metals unit to Chinese fund

By: Reuters     11th May 2018 Louis Dreyfus Company said on Friday it had completed the sale of its metals business to a Chinese investment fund for $466-million, as part of a push to revive profits by focusing on its core agricultural markets. Louis Dreyfus announced in December an agreement to sell LDC Metals to NCCL... 

On-The-Air (11/05/2018) 

By: Martin Creamer     11th May 2018 The big new Indian shareholder in Anglo American is calling on the London-listed company to accentuate its South Africa link. Africa’s most successful gold mining company this week warned that gold mining is running the risk of becoming an irrelevant investment destination. Mapungubwe head Joel... 

Agarwal encouraging Anglo to accentuate South Africa link

By: Martin Creamer     9th May 2018 Indian mining billionaire Anil Agarwal is encouraging Anglo American – in which he now holds more than 21% – to accentuate its link with South Africa, where the Vedanta Resources company he founded and chairs is successfully turning to highly positive account the zinc assets that Anglo walked... 

Amplats awarded global sustainability accolade

By: Anine Kilian     9th May 2018 Anglo American Platinum (Amplats) has achieved the second-highest sustainability practice score within the metals and mining sector category of ISS-oekom’s global ‘Corporate Responsibility Review 2018'. ISS-oekom is an environmental, social and governance (ESG) research and rating agency. 

Chile copper output up 18.9% in first quarter 2018 – Cochilco

By: Reuters     9th May 2018 Chile's copper production increased 18.9% in the first quarter of 2018 from the same period a year earlier, Chilean copper commission Cochilco said on Tuesday. Production this year was boosted by a low basis for comparison following an historic strike last year at BHP's Escondida copper mine, the... 

Anglo American to end investment in deep sea mining company Nautilus

By: Reuters     5th May 2018 Diversified miner Anglo American said on Friday it will end its investment in deep sea mining company Nautilus Mining. "We are exiting our small minority shareholding in Nautilus, as part of the prioritisation of our portfolio on our largest and greatest potential resource assets," Anglo... 

Colliery Training College

4th May 2018 The Colliery Training College (CTC) – an important centre for artisan and mining skills training in Emalahleni, Mpumalanga – has been part of the coal mining industry since 1964. Prominent mining companies such as Anglo American Thermal Coal, Exxaro, Glencore, Izimbiwa Coal, Kangra Coal and... 

War on coal is making the world's top mine owners a lot richer

By: Bloomberg     2nd May 2018 The world’s war on coal is making its biggest producers a lot richer, at least for now. With governments from Asia to Europe setting stricter pollution limits as the climate change debate intensifies, output of the planet’s dirtiest fuel is dropping. Some of the more significant declines are... 

Anglo reports 4% increase in Q1 production

By: Anine Kilian     24th April 2018 Diversified miner Anglo American on Tuesday reported a 4% year-on-year increase in total production on a copper equivalent basis in the first quarter ended March. The company had a “solid start to 2018”, despite the suspension of operations at the Minas-Rio mine, in Brazil, CEO Mark Cutifani said. 

Minas-Rio disruptions to cut Anglo’s earnings by up to $400m

By: Anine Kilian     24th April 2018 Diversified miner Anglo American expects the continued disruptions at its Minas-Rio iron-ore mine, in Brazil, to result in a reduction in earnings before interest, taxes, depreciation and amortisation of between $300-million and $400-million for this year. Production was suspended at the mine in... 

Vedanta chairperson upbeat on Zambia’s growth prospects

By: Simone Liedtke     12th April 2018 Vedanta Resources chairperson Anil Agarwal on Thursday shared his views on a path to growth for subsidiary Konkola Copper Mines (KCM). He expressed confidence in what he sees as the start of an “African economic resurgence driven by various metals”. 

Metso sees South American revenue rising as mining rebounds

By: Reuters     12th April 2018 Mining equipment maker Metso Oyj expects to increase its revenue in South America excluding Brazil by 15% to 20% a year over the next two to three years as higher metals prices spur mining activity, a company executive told Reuters. Eduardo Nilo, VP of Metso's operations in South America,... 

De Beers, Botswana to dig deeper at world's richest diamond mine

By: Bloomberg     5th April 2018 The world’s most valuable diamond mine is set to get even bigger. Debswana, the joint venture between Anglo American’s De Beers unit and Botswana’s government, is seeking permission to deepen the Jwaneng mine to 830 meters (2 700 feet), according to a notice published in local newspapers... 

Anglo American suspends Minas-Rio for 90-day pipeline check

By: Marleny Arnoldi     3rd April 2018 Diversified miner Anglo American on Thursday evening suspended operations at its Minas-Rio iron-ore mine, in Brazil, for pipeline checks, following a minor leak.  

Post-Mugabe Zimbabwe mining rush leaves big producers behind

By: Bloomberg     3rd April 2018 While Zimbabwe’s leadership change has sparked a race for the nation’s mineral riches among entrepreneurs and tiny explorers, big-name mining companies are taking a wait-and-see approach. New President Emmerson Mnangagwa has a lot to prove as he seeks to revive the economy and attract mining... 

Energy-intensive firms say carbon tax wrong tool for reducing power emissions

By: Terence Creamer     14th March 2018 The Industry Task Team on Climate Change (ITTCC), which includes many of South Africa’s largest mining and industrial companies, says the proposed carbon tax will have no material impact on reducing carbon emissions from the electricity sector, which is responsible for around half of the... 

Anglo commits to ambitious sustainability strategy

By: Martin Creamer     14th March 2018 Diversified mining company Anglo American has outlined an innovative approach to three major areas of sustainability - the environment, community development, and driving greater trust and transparency across the mining industry. 

Anglo concludes R2.3bn sale of Eskom-tied mines to Seriti

By: Anine Kilian     1st March 2018 Anglo American has completed the sale of its Eskom-tied thermal coal operations to broad-based, majority black-owned and -controlled South African mining company Seriti Resources, which is led by CEO Mike Teke, for R2.3-billion. The acquisition includes the New Vaal, New Denmark and Kriel mines,... 

Anglo completes sale of Drayton coal mine

By: Mariaan Webb     26th February 2018 Global miner Anglo American has completed the sale of its 88.17% interest in the Drayton thermal coal mine and Drayton South project to unlisted Malabar Coal. The assets are located in the Hunter Valley of New South Wales, Australia, and have been sold to Malabar for an undisclosed amount, Anglo... 

De Beers sets higher output target for 2018

By: Simone Liedtke     22nd February 2018 Global diamond miner De Beers has set a production target of as high as 36-million carats for 2018. In its 2017 results announcement the Anglo American subsidiary reported a production guidance of 34-million carats to 36-million carats, which compares with 33.45-million carats produced in 2017. 

Top mining companies' value increased by 15.5% y/y

By: Megan van Wyngaardt     12th February 2018 The 25 top global mining companies were worth an aggregate $818.2-billion at the end of January, a 15.5% increase compared with their value in the corresponding month in 2017, when the same companies held a value of $708.5-billion, research firm S&P's Global Market Intelligence said on Monday. A... 

On-The-Air (09/02/2018) 

By: Martin Creamer     9th February 2018 Every Friday morning, SAfm's AMLive's radio anchor Sakina Kamwendo speaks to Martin Creamer, publishing editor of Engineering News and Mining Weekly.  Reported here is this Friday's At the Coalface transcript: Kamwendo: China's colossal Clean Air Revolution is poised to give massive support to... 

Colombia's Cerrejon, union reach last-minute deal to avoid strike

By: Reuters     8th February 2018 The largest union at Colombia's top coal mine Cerrejon has reached an 11th-hour salary and benefits deal with the company, avoiding a strike, the union said on Thursday. Cerrejon accounts for 37% of Colombia's coal output, the world's fifth-largest exporter of the mineral, and a strike likely... 

Anglo American withdraws from Highlands Pacific exploration JV

By: Creamer Media Reporter      8th February 2018 ASX-listed Highlands Pacific will regain 100% of its Star Mountain exploration tenements after global miner Anglo American has announced it will not continue with the joint venture (JV) in Papua New Guinea. In accordance with the terms of the JV, Anglo American will withdraw within 30 days and... 

Pile-of-cash dilemma for mining industry once crippled by slump

By: Bloomberg     5th February 2018 Three years after a commodity slump left their finances in shambles, mining companies are swimming in so much cash that investors aren’t sure where the industry will spend it all. With metals from zinc to palladium trading at multi-year highs, four of the world’s top producers generated combined... 

Brazil, Peru to lead LatAm mineral project development to 2020

By: Henry Lazenby     30th January 2018 Boosted by higher commodity prices in general, miners are increasingly focusing on project development as healthier balance sheets allow them the opportunity to return to their long-term growth strategies. According to data supplied by Fitch-affiliated research firm BMI, two countries are... 

Union at Colombia's Cerrejon votes to strike, mine seeks deal

By: Reuters     29th January 2018 The largest union at Colombia's top thermal coal mine Cerrejon has voted to strike following failed salary and benefit negotiations with the company, the union said on Monday. Cerrejon accounts for 37% of Colombia's coal output, the world's fifth-largest exporter of the mineral, and a strike is... 

Anglo American wins two licences to expand in Brazil

By: Reuters     26th January 2018 Anglo American on Friday clinched two long-awaited environmental licenses that pave the way for the global mining company to expand its Minas-Rio iron-ore mine in the Brazilian state of Minas Gerais. Minas Gerais environmental regulator Semad granted a pre-installation and installation permit to... 

Union, Colombia's Cerrejon mine return to talks in bid to avoid strike

By: Reuters     26th January 2018 Colombia's top thermal coal mine Cerrejon and its largest union have returned to talks in a bid to avoid a strike over pay and benefits, the two sides said on Friday. A ten-day voting period for union members to decide whether to stop work after failed talks ends on Monday afternoon. A strike... 

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