R/€ = 14.88 Change: 0.00
R/$ = 12.10 Change: 0.00
Au 1335.58 $/oz Change: -5.52
Pt 927.50 $/oz Change: -4.49


On-The-Air (20/04/2018) 

By: Martin Creamer     20th April 2018 South Africa is expected to play an important role in a large new multi-billion-rand potash project in the Republic of Congo. Wonderful news for platinum is that mining equipment driven by a fuel cell is scheduled to make a game-changing debut underground next year. Mining giant Glencore has... 

SA to remain among top nickel producers

By: Victor Moolman     20th April 2018 Market research company BMI Research forecasts that South Africa will remain among the top ten nickel producers in the world, with an estimated 49 500 t expected to be produced this year. South Africa has several nickel-producing mines, with one of the largest being the Nkomati mine, in... 

Maatla Energy gets enviro approval for Botswana mine

By: Marleny Arnoldi     19th April 2018 Coal and energy company Maatla Energy’s subsidiary, Maatla Resources, has received approval for the environmental-impact assessment (EIA) for its Mmamabula export coal mine, in Botswana.  

Troubled Gupta coal mines threaten South Africa with power cuts

By: Bloomberg     17th April 2018 South Africa’s State-owned power utility is working with the National Treasury to source more coal for seven of its plants that don’t have adequate supply, raising the specter of a return to rolling power cuts that have periodically slowed the economy since 2008. Eskom Holdings is diverting coal... 

Atlas' iron output continues to fall

By: Esmarie Swanepoel     17th April 2018 Iron-ore miner Atlas Iron has reported another fall in sales volumes during the three months to March, as wet weather and the closure of the Abydos mine impacted production. Atlas shipped 2-million tonnes of ore during the March quarter, down from the 2.2-million tonnes shipped in the December... 

Afreximbank, ECIC Sign MOU, Pledge $1bn to Expand Trade Between South Africa and Other African Nations

     16th April 2018 Afreximbank President Dr. Benedict Oramah (right) and Kutoane Kutoane, Chief Executive Officer of ECIC of South Africa, exchange documents following the signing of the MOU in Cairo. The African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation of South Africa (ECIC)... 

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... 

Savannah to incentivise senior management as it expedites mining projects

By: Marleny Arnoldi     13th April 2018 Aim-listed resource development company Savannah Resources has implemented a long-term incentive plan (LTIP) to incentivise executive directors and certain senior management as the company continues to expedite its projects to tap into the growing market for energy metals.  

Burgh picked to keep Gupta coal mines going

By: Bloomberg     12th April 2018 South Africa’s Burgh Group Holdings won a temporary contract to keep mines linked to the Gupta family afloat, according to a business-rescue manager for the assets. Other parties offered financing, but Burgh “came without conditions,” Louis Klopper, a bankruptcy-proceedings manager at Coronado... 

Aluminium gets Iran-style crisis as Rusal shut out of market

By: Bloomberg     12th April 2018 The aluminium market is having its own Iran oil moment. Similar to how US and European sanctions in 2012 cut Iran’s oil sales to the world, last week’s American penalties on United Co Rusal look set to freeze the Russian company’s aluminium out of western markets. The reaction has already been... 

Mining in sub-Saharan Africa region to remain riskiest globally – BMI

By: Simone Liedtke     11th April 2018 Sub-Saharan Africa’s mining sector will remain the riskiest in the world over the coming quarters as regulatory uncertainty rises in various markets across the region, says BMI Research. In addition to increasing regulatory uncertainty, the region will also witness challenges stemming from... 

Canadian crude increasingly attractive for US Gulf Coast refineries as market landscape changes

By: Henry Lazenby     10th April 2018 Canadian crude oil could account for up to one-third of the US Gulf Coast (USGC) region’s heavy oil refining market by 2020, a new report by market research and consultancy firm IHS Markit has found. According to the analyst’s latest research, supplies of Canadian oil sands heavy crude are... 

US to lead global crude production as soon as 2023 – IEA

By: Henry Lazenby     10th April 2018 US shale production growth is expected to lift the jurisdiction to being the top oil producer globally by 2023, a report from the International Energy Agency (IEA) has shown. According to the IEA, US output will expand by 3.7-million barrels a day, more than half of the world’s expected... 

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... 

Salt Lake signs MoU with Mitsubishi

By: Esmarie Swanepoel     9th April 2018 ASX-listed Salt Lake Potash has signed a memorandum of understanding (MoU) with Mitsubishi for the sale and offtake rights of up to 50% of the sulphate of potash (SOP) to be produced from the demonstration plant at the Goldfields Salt Lakes project, in Western Australia. The SOP will be... 

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... 

Deripaska's Rusal and aluminium market roiled by US sanctions

By: Bloomberg     9th April 2018 Russian aluminum maker United Co. Rusal’s stock plunged about 40%, while prices of the metal surged, after US sanctions on the company and its billionaire owner Oleg Deripaska prompted the producer to warn of potential debt defaults and “materially adverse” consequences. The stock fell to... 

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... 

South Africa must be proactive in uranium beneficiation pursuit

By: Jessica Oosthuizen     6th April 2018 South Africa needs to decide whether it wants to be a dominant player in the world in terms of uranium exports, says South African Nuclear Energy Corporation (Necsa) scientist and chairperson Dr Kelvin Kemm. He tells Mining Weekly that if the country decides to pursue dominance in the industry,... 

Angola seeks to further expand its diamond sector against a backdrop of rising output

By: Rebecca Campbell     6th April 2018 Angola’s diamond exports in January brought in the second highest price per carat ($136.24) for monthly sales since October 2016, the Portuguese news agency Lusa has reported. The highest price per carat ($138.60) for monthly sales in this period was achieved in November last year.  

Caledonia to benefit from higher Zim Export Credit Incentive

By: Simone Liedtke     4th April 2018 Exploration and development company Caledonia Mining expects to receive up to an additional $5.1-million in income this year, following an increase to 10%, from the previous 2.5%, in Zimbabwe’s Export Credit Incentive (ECI). The ECI increase was implemented in February. 

Kibo Mining’s acquisition of 85% stake in Botswana project completed

By: Marleny Arnoldi     3rd April 2018 Multi-asset Africa-focused energy and resources company Kibo Mining has completed the acquisition of an 85% interest in the Mabesekwa Coal Independent Power Project (MCIPP), in Botswana, from Sechaba Natural Resources.  

Sub-Saharan African mining sector to continue facing illegal mining challenges, regulatory risks

By: Marleny Arnoldi     3rd April 2018 Widespread illegal mining activity and rising regulatory risks are two of the biggest challenges that will face the sub-Saharan Africa mining sector in the coming months, research and analysis firm BMI Research says.  

Kola project feasibility study progresses, due end Q2 or early Q3

By: Marleny Arnoldi     3rd April 2018 The definitive feasibility study (DFS) on potash exploration and development company Kore Potash’s Kola project, in the Republic of Congo, is 81% complete.  

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.  

Kore Potash lists on JSE, Aim

By: Marleny Arnoldi     29th March 2018 Potash exploration and development company Kore Potash on Thursday listed on the LSE’s Aim, as well as on the JSE, through a concurrent secondary listing of its ordinary shares.  

Adani is said to delay Australia coal shipment, eyes deals

By: Bloomberg     29th March 2018 Indian conglomerate Adani Enterprises Ltd. will miss its original deadline to start shipping thermal coal from one of the world’s biggest planned mines due to funding difficulties, even as it eyes export deals with Asian companies. The billionaire Gautam Adani-backed company has abandoned a 2020... 

‘Cyclone Aurizon’ to have double the impact of last year’s Debbie – QRC

By: Esmarie Swanepoel     28th March 2018 The Queensland Resources Council (QRC) on Wednesday warned that freight operator Aurizon’s plans to introduce a revised maintenance plan could reduce coal exports by A$4-billion, and could cut coal royalties by A$500-million a year. Aurizon earlier this month issued an update on the capacity... 

Cobalt upstarts add capacity in Congo as prices triple

By: Bloomberg     27th March 2018 A little-known cobalt miner in the Democratic Republic of Congo plans to ramp up output so fast it will soon be out-produced only by industry leader Glencore. Chemaf, a closely held Lubumbashi-based company, and several other firms are capitalizing on a boom in demand that’s transforming small... 

Wesfarmers says A$700m Curragh sale nearing completion

By: Esmarie Swanepoel     26th March 2018 ASX-listed Wesfarmers on Monday reported that all conditions precedent for the A$700-million sale of its Curragh coal mine, in Queensland, had been met, clearing the way for the transaction to be completed this week. Wesfarmers in December struck a deal with US coal producer Coronado Coal Group... 

Shrinking platinum sector adds to Ramaphosa's economy challenge

By: Bloomberg     26th March 2018 “Ramaphoria” boosted the rand and revived investor sentiment on South Africa. But deep underground in the country’s platinum mines, there’s very little cause for optimism. Producers in South Africa, which accounts for about 70% of the world’s mined platinum, are closing shafts and cutting... 

Barrick Gold cuts 2017 compensation for top two executives

By: Reuters     24th March 2018 Barrick Gold, the world's largest producer of bullion, cut the 2017 compensation for its top two executives to reflect a challenging "shareholder experience" and operations at some mines. Shares in the Canadian miner declined 15% last year, even as the price of gold gained 11%. In 2017 Barrick... 

Transnet renews manganese contract with South32

By: Marleny Arnoldi     22nd March 2018 State-owned Transnet and diversified miner South32 on Thursday signed a seven-and-a-half-year manganese export capacity allocation (Meca) contract, allowing for the transportation of 2.6-million tonnes a year of export manganese and realising almost R10.4-billion in total value for Transnet.  

As commodities roar, Africa wants bigger slice of mining pie

By: Bloomberg     22nd March 2018 One by one, the biggest names in African mining are getting squeezed. The tactics might be blunt, but the message is clear: the countries where they operate want a bigger share of the proceeds. The collapse in commodities through 2015 hobbled some of Africa’s biggest resource economies, stunting... 

Lenders to Glencore-led Australian coal port agree to 8-yr extension – sources

By: Reuters     22nd March 2018 Lenders to Queensland's debt-laden Wiggins Island Coal Export Terminal have agreed to extend about $3-billion due on an outstanding loan for eight years, a lifeline to owners who would have had to repay the hefty debt from September, two sources told Reuters. "There is a structure on the table... 

Qld grants exploration rights between Middlemount and Blackwater

By: Esmarie Swanepoel     22nd March 2018 The Queensland state government has awarded Metroof Minerals and Sojitz Coal exploration rights to a total of about 13 100 ha between Middlemount and Blackwater, to explore for coal. Mines Minister Dr Anthony Lynham said on Thursday that awarding the tenders was another positive result from the... 

African Rainbow Minerals ups earnings, declares dividend

By: Martin Creamer     16th March 2018 Diversified black-led mining company African Rainbow Minerals (ARM) on Friday announced a 15% increase in headline earnings for the six months to December 31 to R1 945 million. This increase was mainly as a result of improved headline earnings from the manganese division, ARM Coal, Modikwa... 

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