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Acacia boss is getting frustrated waiting for Barrick solution

By: Bloomberg     20th July 2018 It’s been a year since Acacia Mining’s majority shareholder started talks on its behalf to end a standoff with the Tanzanian government and interim CEO Peter Geleta is getting frustrated. Barrick Gold, which owns about 64% of London-based Acacia, last month withdrew a timetable to resolve the... 

Indian iron-ore exports shifting from fines to pellets

By: Ajoy K Das     19th July 2018 Indian international trade in iron-ore is shifting to more iron-ore pellets, rather than high-grade fines, prompted by changing preferences of overseas buyers. Information and data sourced from industry indicate that overseas shipment and sales realisations of iron-ore pellets are outstripping... 

Trudeau moves Sohi to Natural Resources, Carr to head up International Trade Diversification

By: Mariaan Webb     18th July 2018 Canadian Prime Minister Justin Trudeau on Wednesday announced significant changes to his Cabinet, moving around several current Ministers, appointing four new ones and creating three new portfolios. Amarjeet Sohi has been moved from the Infrastructure portfolio to Natural Resources, succeeding... 

Zimbabwe has skills, natural resources to support increasing investment

By: Erin Steenhoff-Snethlage     13th July 2018 Zimbabwe has adequate skilled and unskilled labour to support increasing investment and the expansion of mining operations, claims mining, exploration and development company Caledonia Mining. Caledonia owns the Blanket gold mine in Zimbabwe, one of the few operating gold mines in the country.... 

Hurting for buyers, US coal miners are learning to love India

By: Bloomberg     12th July 2018 The big bright spot for US coal miners is located halfway around the world. India almost tripled its imports of the rock from America in the first quarter from a year earlier, helping fuel its fast-growing economy and making it the largest foreign buyer of US coal, according to the US Energy... 

Serbian copper miner attracts 11 possible buyers – report

By: Reuters     11th July 2018 Serbia's RTB Bor copper miner and smelter has drawn interest from 11 companies and the tender could take place this week or next, Belgrade daily Politika reported on Wednesday. Serbia has tried and failed three times since 2007 to sell the debt-laden mining complex, which suffered a long period... 

Rising minerals and fuel exports propel Australian trade to record high

By: Esmarie Swanepoel     10th July 2018 Australia’s total trade in goods and services reached a record A$763.2-billion in 2017, new data from the Department of Foreign Affairs and Trade has found. The Composition of Trade, Australia 2017 found that the value of Australia’s goods and services exports rose 14.8% to A$386.7-billion in... 

Going to great lengths for the value pipeline

6th July 2018 Aegion South Africa provides 18m spools for concentrate hydro-transportation at mining project resulting in 10 % project cost savings In the high-stakes game of mining today, margins are tighter and under more pressure than ever. To remain viable, mining companies are becoming more scientific... 

Acacia reports lower Q2 output

By: Natasha Odendaal     6th July 2018 Acacia Mining remains on track to achieve the upper-end of its 2018 gold production guidance range of 435 000 oz to 475 000 oz, after delivering 254 759 oz of gold during the first half of the year. While second-quarter production dropped 36% year-on-year, owing to reduced operations at... 

For State of American coal, look at West Virginia's mining stats

By: Bloomberg     6th July 2018 No place tells the story of America’s coal markets better than West Virginia right now. According to US government estimates released Thursday, mining in the northern half of the Mountain State – the part known for its bounty of thermal coal, used to fuel US power plants – slid 7% in the first... 

Rising regulatory pressure expected to affect profitability of mining firms in sub-Saharan Africa

By: Natasha Odendaal     6th July 2018 Rising regulatory risks, as a consequence of improving commodity prices, are expected to challenge the improving profitability experienced by mining companies in sub-Saharan Africa over the next few months, the latest report by BMI Research shows. This will be further compounded by widespread... 

Exxaro goes digital at new Mpumalanga coal mine

By: Anine Kilian     5th July 2018 Diversified resources company Exxaro Resources on Thursday broke ground on its R3.3-billion “smart” Belfast mine, in Mpumalanga. The mine is the first of its kind in South Africa and will have a digital twin – a complete digital replica of the mine that will allow management and the contracted... 

Emirates Global Aluminium signs bauxite supply contract with Vedanta

By: Marleny Arnoldi     4th July 2018 Industrial company Emirates Global Aluminium (EGA) has signed an agreement to supply metals miner Vedanta Limited with bauxite from its mining operation in Guinea from 2019.  

Band-It clamping solutions to be showcased at Electra Mining Africa

4th July 2018 Challenging market conditions in the mining industry necessitate the use of innovative, simple-to-use systems that provide for high-quality and cost-effective solutions. This will be the focus of Banding & Identification (ID) Solutions Africa’s presence at Electra Mining Africa 2018 at Nasrec... 

Company poised to capitalise on burgeoning grease market

By: Tasneem Bulbulia     29th June 2018 Lubricants specialist FUCHS Lubricants South Africa (FUCHS SA) expects that the demand for high-quality greases will grow “significantly” in all spheres of the market, and is, therefore, equipped to meet and exceed the mining market’s requirements for this through its newly commissioned grease... 

Atlas attributed no value to NWI interest

By: Esmarie Swanepoel     28th June 2018 ASX-listed Atlas Iron on Thursday said that the company had attributed no value to its interest in the North West Infrastructure (NWI) joint venture, or its intention to develop export capacity at the port of Port Hedland. Atlas was responding to a query from shareholder Fortescue, which urged... 

Unlocking the Potential in Aluminum can Revolutionize the World

28th June 2018 Aluminum has changed the face of the planet in the 20th century. As we unlock the potential of this abundant metal, our lives are on the fringe of an imminent revolution. We cannot imagine our current lifestyle without one particular element, aluminum. While steel and iron were the foundation... 

Universal beats FY18 expectations

By: Esmarie Swanepoel     28th June 2018 South Africa focused coal producer Universal Coal on Thursday told shareholders that attributable earnings before interest, tax, depreciation and amortization (EBITDA) was 28% higher for the 2018 financial year, compared with the previous half year guidance. Group EBITDA for 2018 is expected to... 

Transnet prepares for annual coal line shutdown

By: Anine Kilian     27th June 2018 Plans are at an advanced stage for State-owned Transnet Freight Rail to embark on its annual shutdown of the coal export line, which is scheduled to take place from July 2 to 11. “The shutdown is an annual exercise carried out around this time to ensure that the company tackles its maintenance... 

IEA sees gas demand growth of 1.6% a year, China to become largest importer

By: Esmarie Swanepoel     27th June 2018 A new report by the International Energy Agency (IEA) has shown that global gas demand will grow at an average rate of 1.6% a year, reaching just more than 4.1-trillion cubic metres in 2023. This forecast compares with demand of 3.74-tillion cubic metres in 2017, the IEA noted in its ‘Gas 2018’... 

Nickel market deficit increases, but surplus expected by 2020 – BMI

By: Marleny Arnoldi     26th June 2018 BMI Research anticipates the global refined nickel market to remain in a slight deficit this year, as global production remains subdued.  

Strong rand to impact on Kumba's interim earnings

By: Creamer Media Reporter      25th June 2018 Kumba Iron Ore says the stronger rand and lower export iron-ore prices negatively impacted on its headline earnings and earnings for the six months to June 30. In a trading update on Monday, the iron-ore miner said its headline earnings and earnings are likely to be at least R921-million and... 

Barrick’s talks with Tanzanian govt progressing

By: Marleny Arnoldi     25th June 2018 Canadian gold miner Barrick Gold Corporation says progress has been made in discussions between the company and the Tanzanian government on the drafting of definitive agreements that are necessary for the implementation of proposed framework agreement with Barrick’s 63.59% owned and independently... 

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... 

AEMO sees no gas supply gaps to 2030

By: Esmarie Swanepoel     22nd June 2018 The latest Gas Statement of Opportunities (GSOO) by the Australian Energy Market Operator (AEMO) has found that market intervention, new supply and lower demand have avoided a potential energy shortfall. The AEMO in late 2017, warned of a substantial shortfall in gas for the east coast of... 

Rham Equipment wants to improve safety and efficiency using IoT

By: Donald Makhafola     22nd June 2018 South African manufacturer of specialised mining and hydraulic equipment Rham Equipment is investing in advanced technology to ease equipment maintenance, where real-time data will be measured and used to make better decisions. Rham Equipment capital sales manager Francois van der Merwe says the... 

Sheffield finds buyer for Thunderbird ilmenite

By: Esmarie Swanepoel     21st June 2018 Mineral sands developer Sheffield Resources has inked a maiden ilmenite offtake agreement for its Thunderbird project, in Western Australia. The company on Thursday told shareholders that the five-year agreement with Bengbu Zhongheng New Materials will see the company supply 150 000 t of... 

Asia's thermal coal demand poised to grow

By: Esmarie Swanepoel     19th June 2018 Asia’s thermal coal demand could increase by some 400-million tonnes by 2030, a new report commissioned by the Minerals Council of Australia (MCA) found. Asian thermal coal demand is expected to grown from the 740-million tonnes in 2017, to 1.147-billion tonnes in 2030. 

Resource nationalism on the rise in sub-Saharan Africa

By: Nadine James     15th June 2018 The seemingly increasing trend towards nationalist thinking, combined with and likely driven by growing economic inequality, has resulted in several changes in mining and tax legislation in sub-Saharan Africa countries. Herbert Smith Freehills Africa Group co-chair and partner Peter Leon says the... 

Resource nationalism on the rise in sub-Saharan Africa

By: Nadine James     15th June 2018 The seemingly increasing trend towards nationalist thinking, combined with and likely driven by growing economic inequality, has resulted in several changes in mining and tax legislation in sub-Saharan Africa countries. Herbert Smith Freehills Africa Group co-chair and partner Peter Leon says the... 

Atlas does not have priority rights to new Hedland berths

By: Esmarie Swanepoel     14th June 2018 The share price of iron-ore miner Atlas Iron dropped by nearly 16% on Thursday after the Western Australian government informed the company that it did not have “priority right” to develop new export berths. Atlas told shareholders that the North West Infrastructure (NWI), of which the company... 

Mitsubishi pays $600m to up stake in Anglo American’s Peru copper project

By: Mariaan Webb     14th June 2018 Diversified miner Anglo American has agreed to sell another 21.9% equity interest in its Quellaveco copper project, Peru, to Mitsubishi, increasing the Japanese group’s interest in the project to 40%. Mitsubishi will pay $600-million for the additional interest in Quellaveco, implying a... 

Hancock Prospecting discloses nearly 20% stake in Atlas Iron

By: Reuters     13th June 2018 Australian billionaire Gina Rinehart's Hancock Prospecting group of companies disclosed on Wednesday a 19.96% stake in Atlas Iron, heating up the race for the small iron-ore miner. Hancock Prospecting Pty Ltd holds a 14.97% stake in Atlas, while Hancock's unit Redstone Corporation will have a... 

Botswana coal miner sees opportunity in regional shortages

By: Bloomberg     11th June 2018 Botswana’s sole operating coal mine will increase output almost threefold within seven years as it eyes export opportunities created by a shortage of the fuel that’s used to fire most of southern Africa’s power plants. Morupule Coal Mine in the east of the country will ramp up annual production... 

MinRes infrastructure project progresses

By: Esmarie Swanepoel     8th June 2018 ASX-listed Mineral Resources (MinRes) was expecting a State Agreement for its planned Pilbara infrastructure project before the end of the year. The company on Friday said that it was currently in negotiations with the Department of Jobs, Tourism, Science and Innovation on the terms of the State... 

Battery Minerals on track to produce graphite after raising A$20m

8th June 2018 Minerals explorer Battery Minerals is advancing its Montepuez graphite project in the north-west of Montepuez, Cabo Delgado, Mozambique following the latest fund-raising. The company has received financial commitments for A$20-million through a share placement at 6c a share. The proceeds will be... 

MMEC conference outlook indicative of state of mining industry

By: Melissa Zisengwe     8th June 2018 The increase in international participation at the sixth edition of the Mozambique Mining, Energy and Natural Gas Conference (MMEC) reflected the state of the Mozambique mining industry, which is an emerging market, says event organiser AME Trade. The conference was held in Maputo on April 25 and... 

Energy company expects appropriate tariff from financial model review

By: Melissa Zisengwe     8th June 2018 Emerging Mozambican power development company Ncondezi Energy says the positive preliminary results from updated proposals from the engineering, procurement and construction (EPC), as well as operations and maintenance (O&M) contracts, for its integrated power and coal mine project indicate... 

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