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BDO appoints Australian to lead Global Natural Resources sector

     Updated 4 hours ago BDO is pleased to announce the appointment of Sherif Andrawes as Global Natural Resources Leader.  Sherif, who is based in BDO’s Perth office, will continue as Chairman of BDO WA as well as taking on this global role effective from 26 April 2018. Sherif commenced his career in 1987 with BDO in... 

Drilling continues at Kodal’s Bougouni project

By: Anine Kilian     Updated 4 hours ago Aim-listed Kodal Minerals plans to continue reverse circulation drilling on its Mali-based Bougouni lithium project until the start of the rainy season in June/ July. "We are continuing with the major exploration and definition programme at Bougouni, with multiple key activities happening in... 

Australia's Pilbara Minerals to ship first spodumene cargo to China in Aug

By: Reuters     19th April 2018 Pilbara Minerals Ltd aims to ship the first cargo of spodumene concentrate from its Pilgangoora lithium-tantalum development in Australia to China in August, its managing director said on Thursday. Spodumene is a mineral mined as a source of lithium, a key ingredient in electric vehicle... 

South32 hikes manganese guidance, lowers coal forecast

By: Esmarie Swanepoel     19th April 2018 Diversified miner South32 has increased its manganese production guidance from its Australia and South African operations to take advantage of farourable market conditions. The company increased its production guidance at the Australia manganese operations by 6% to 3.30-million tonnes and its... 

Chile's SQM says lithium industry needs at least $10bn investment over 10 yrs

By: Reuters     18th April 2018 The global lithium industry will need $10-billion to $12-billion of investment over the next decade to meet surging demand amid the electric vehicle boom, an executive of Chilean miner SQM said on Wednesday. Demand for the metal is set to grow by 600 000 t to 800 000 t of lithium carbonate... 

Orion appoints mining engineer as nonexecutive director

By: Creamer Media Reporter      18th April 2018 ASX- and JSE-listed Orion Minerals, which is developing the Prieska base metals project in South Africa’s Northern Cape, has appointed Michael Hulmes as nonexecutive director. Hulmes is a mining engineer with over 30 years’ senior executive, management 

BHP to produce nickel sulphate next year, eyeing cobalt on battery boom

By: Reuters     18th April 2018 BHP Billiton is expanding its business as a supplier of battery minerals at its nickel refinery in Western Australia, planning to start producing nickel sulphate next year and looking at cobalt output as well, a company executive said. Cobalt and nickel are both critical ingredients for lithium... 

Australia to amend $3.9bn infrastructure fund in bid to develop country's north

By: Reuters     18th April 2018 Australia will amend the guidelines for a A$5-billion ($3.9-billion) fund that offers loans to build infrastructure in the country's north so it can offer greater support to a broader range of projects, a government minister said on Wednesday. The changes will aid a bid to develop Australia's... 

Rio Tinto lifts iron, bauxite and copper output, warns sanctions could impact aluminium

By: Esmarie Swanepoel     18th April 2018 Diversified giant Rio Tinto has reported production increases at its iron-ore, bauxite and copper divisions, while warning shareholders that US sanctions against Russian companies could impact aluminium production in 2018. “We delivered a solid operational performance across most commodities in... 

Russia sanctions throw aluminium supply chain into chaos

By: Bloomberg     18th April 2018 The US sanctions on United Co. Rusal that have sent aluminium prices surging should be great news for rival producers like Rio Tinto Group. Spoiler alert: they’re not. 

Industry urges quick gas ramp up as Northern Territory gives fracking green light

By: Esmarie Swanepoel     17th April 2018 The Northern Territory government will lift a near two-year moratorium on fracking, accepting all 135 recommendations made by a recent independent inquiry. Chief Minister Michael Gunner said on Tuesday that the implementation of the recommendations in the inquiry report would begin, noting that... 

Glencore releases all-embracing 117-page sustainability report

By: Martin Creamer     16th April 2018 One of the strategic priorities of diversified mining and marketing company Glencore is to invest in community initiatives that deliver sustainable socioeconomic benefits, the London- and Johannesburg-listed company states in today’s 117-page Sustainability Report 2017, which emphasises the... 

South Africa set to play significant role in Congo potash project 

By: Martin Creamer     16th April 2018 South Africa is likely to play a significant role in the development and construction of the large new potash mine and processing plant that is being planned in the Republic of Congo (RoC) at an expected capital cost of $2-billion. Potentially one of the lowest operational cost potash projects in... 

Global tin mine production growth to slow – BMI

By: Simone Liedtke     13th April 2018 Global tin mine production growth will decelerate between 2018 and 2026, compared with 2009 to 2017, owing to stricter environment regulations and declining ore grades in major producers, such as China, Indonesia and Myanmar. However, the market researcher BMI expects that absolute production... 

Mining billionaire backs outback gas pipeline to ease power woes

By: Bloomberg     13th April 2018 Billionaire Andrew Forrest is studying a proposed 1 500-mile (2 400-km) transcontinental natural gas pipeline as part of his iron ore company’s strategy to diversify and to boost Australia’s power supply network. Fortescue Metals Group Ltd. confirmed it has undertaken work for a duct that would... 

Excitement as ‘Wits-style’ gold is discovered in iron-ore hub, but geologist urges caution

By: Nadine James     13th April 2018 While there is no doubt that conglomerate gold has been discovered in the Pilbara, the broader understanding of this style of gold mineralisation in the Pilbara remains incomplete and, therefore, any comparisons with the Witwatersrand (Wits) basin are premature, states SRK Consulting geologist... 

EY launches new team in Natural Resources segment

By: Nadine James     13th April 2018 Assurance and advisory firm EY in Africa, has incorporated a new Transaction Advisory Services (TAS) technical team into its Natural Resources segment. The team includes a century’s worth of combined mining and oil and gas expertise and combines “deep sector expertise and economic competence” to... 

Newmont looks to the future in Ghana

     13th April 2018 US gold major Newmont Mining, one of the top global gold producers, expects to put up a new growth project – Ahafo North – for funding approval in 2019, according to Newmont regional senior VP for Africa Alwyn Pretorius. Ahafo North, located 50 km north of the existing Ahafo gold operations, is a... 

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... 

Excitement as ‘Wits-style’ gold is discovered in iron-ore hub, but geologist urges caution

By: Nadine James     13th April 2018 While there is no doubt that conglomerate gold has been discovered in the Pilbara, the broader understanding of this style of gold mineralisation in the Pilbara remains incomplete, and therefore any comparisons with the Witwatersrand (Wits) Basin are premature, states SRK Consulting geologist... 

Global silver output falls 4.1% in 2017, as industrial demand ramps up – GFMS

By: Henry Lazenby     12th April 2018 A new survey by the GFMS team at Thomson Reuters has found that global silver output had fallen 4.1% in 2017 to 852.1-million ounces. Prepared by GFMS, the report found that total physical demand of 1.02-billion ounces was 25% lower year-on-year, signalling that the tightening of the... 

Rio Tinto’s Thompson deals with misconduct allegations at AGM

By: Esmarie Swanepoel     12th April 2018 Mining major Rio Tinto has again denied allegations of withholding information from shareholders regarding its Mozambican coal assets, with chairperson Simon Thompson saying that the company would “vigorously” defend itself against these allegations. The UK’s Financial Conduct Authority (FCA)... 

Gold Fields to make decision on Chile gold mine next year

By: Reuters     12th April 2018 South African miner Gold Fields will complete preparatory work in 2019 at its Salares Norte project, in northern Chile, and is eyeing potential output of around 345 000 oz/y of gold at the site by the early 2020s, a company executive said. Gold Fields will decide whether to give the go-ahead for... 

Aurubis eyes smelting deals with miners in Americas, Australia

By: Reuters     12th April 2018 Aurubis, Europe's biggest copper smelter, is in talks with miners in South America, the US and Australia to set up smelting partnerships, as it pushes ahead with ambitious growth plans, its CEO told Reuters. Armed with a war chest of at least $1.5-billion for potential acquisitions, CEO Juergen... 

European Metals appoints new COO

By: Marleny Arnoldi     11th April 2018 Exploration and development company European Metals announced on Wednesday the appointment of Neil Meadows as COO.  

AECOM provides social services for Malawi graphite project

     11th April 2018 Integrated infrastructure delivery company AECOM produced the winning bid for social services for Sovereign Metals’ Malingunde graphite project in the Lilongwe District in Malawi. AECOM received a request for proposal from Sovereign Metals’ Environmental Assessment Practitioner (EAP), Dhamana... 

Stronger commodity prices boost Australia’s resources tax take

By: Esmarie Swanepoel     11th April 2018 Australia’s resources sector paid some A$12.1-billion in company tax in 2016/17, nearly four times what was paid in 2015/16, a new report by advisory firm Deloitte Access Economics has revealed. The 2016/17 contribution was the highest since the mining investment boom in 2011/12, the report,... 

Rio Tinto becomes first aluminium producer certified under new sustainability benchmark

By: Henry Lazenby     11th April 2018 Mining giant Rio Tinto has become the first company in the world to be certified under the Aluminium Stewardship Initiative (ASI) – a new benchmark for healthy environmental, social and governance practices across the aluminium lifecycle of production, use and recycling, the company announced on... 

Canadian miners report strong Q1 production

By: Henry Lazenby     11th April 2018 Several Canadian miners have started publishing their production results for the three months ended March 31, reporting a strong start to the calendar year. Toronto-based Kirkland Lake Gold has reported strong first-quarter results, with output growing 13% year-on-year to 147 644 oz of gold. 

Fortescue says miners have shut gates on new iron-ore supply

By: Bloomberg     10th April 2018 Global iron-ore miners have turned off the tap on adding new production capacity to feed China’s steel mills as the world’s largest customer is already awash with supplies, according to Fortescue Metals Group. “The reality is that most of the producers, ourselves included, are not actually... 

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... 

Rio Tinto discloses details of the $5.1bn tax payments

By: Anine Kilian     9th April 2018 Diversified miner Rio Tinto on Tuesday revealed that its tax payments and royalties paid had increased from $4-billion in 2016, to more than $5.1-billion in 2017, with the majority of taxes paid in Australia. In its latest voluntary taxes paid report, published on Tuesday, Rio Tinto detailed that... 

Rio Tinto stands to win from Rusal sanctions, US consumers to lose

By: Reuters     9th April 2018 Rio Tinto will be among the biggest winners from the US sanctions imposed on Russian aluminium giant United Company Rusal as the penalties further shake up the global metals trade and boost costs for US consumers, industry sources said on Monday. The United States on Friday imposed the sanctions... 

LNG to underpin Australia’s export earnings growth

By: Esmarie Swanepoel     9th April 2018 Australia’s resources and energy export earnings are expected to reach a record A$230-billion in 2017/18, as liquefied natural gas (LNG) exports increased. The Department of Industry, Innovation and Science has reported in the March 2018 edition of the Resources and Energy Quarterly that LNG is... 

Australia sees miners winning highest Japan coal deal since 2012

By: Bloomberg     9th April 2018 Coal miners are set to win the highest supply contract in six years from Japanese utilities after demand drove spot prices higher, according to Australia’s commodity forecaster. Japan’s utilities will probably pay $100 a metric ton for annual supplies during the period from April to March, the... 

World's top iron shipper says China import boom to level off

By: Bloomberg     9th April 2018 The world’s largest iron-ore exporter delivered a mixed message on the outlook, raising near-term price forecasts, but combining that revision with a more somber message that China’s gargantuan imports are set to level off as steel production eases in the coming years. Iron-ore will average... 

Queensland awards Santos exploration rights near Injune

By: Esmarie Swanepoel     6th April 2018 Oil and gas major Santos and its Gladstone liquefied natural gas (GLNG) partners have been granted the rights to explore for gas near Injune, in Queensland. Queensland Mines Minister Dr Anthony Lynham said Santos and its joint venture (JV) partners Total, Petronas, Kogas and Australia Pacific... 

Coal drives Queensland exports

By: Esmarie Swanepoel     6th April 2018 New data by the Queensland Treasury has shown that the value of the state’s exports had increased by A$10.3-million over the last 12 months, to A$70-billion, with coal accounting for the lion’s share of this growth. Coal exports increased by more than 19% during the year, or A$4.8-billion, the... 

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