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Holding thumbs for growth-positive High Court outcomes that will keep credit ratings agencies at bay

By: Martin Creamer     17th November 2017 South Africa is in desperate need of economic growth and the sector that can provide that growth, if unfettered, is mining. Make mining competitive, inclusive and transformative and it will deliver an economic momentum across its many economic linkages and float all boats. 

ONGC remains committed to Venezuelan oil project

By: Ajoy K Das     16th November 2017 Despite a default in sovereign debt by Venezuela, Indian oil and gas major ONGC has clarified in a statement that it will continue implementation of the San Cristobel oilfield project, in the politically and economically embattled Latin American country. ONGC said this week that the November 2016... 

US 2.1 Billion mining project runs on Candy

     16th November 2017 The De Beers Group started excavation work on an underground extension to its Venetia Mine in South Africa in 2013. The new development is expected to extend the life of the mine to 2046 and deliver about 96 million carats in diamonds. The US 2.1 billion project is the biggest investment in the... 

Iron Road finds more takers for infrastructure

By: Esmarie Swanepoel     14th November 2017 Iron-ore developer Iron Road has inked a memorandum of understanding (MoU) with grain growers in South Australia to develop a grain terminal and export facility. The MoU was signed with a recently formed farmers cooperative EPCBH and would see Iron Road work collaboratively to establish a grains... 

Argentina seeks to overtake Chile in South America lithium race

By: Reuters     14th November 2017 The giant pools of turquoise water in the mountainous deserts of northwest Argentina shimmer in the sunlight like oases and for lithium miners like Australia's Orocobre, that is exactly what they are. The mid-cap miner is one of several lithium producers stepping up investment in Argentina amid... 

Caledonia’s Q3 production rises 7% y/y

By: Anine Kilian     13th November 2017 NYSE-, Aim- and TSX-listed Caledonia mining produced 14 396 oz of gold in the third quarter ended September 30, a 7% year-on-year increase. The higher production was primarily the result of higher grades and contributed to higher revenues and a substantial increase in profit.  

Aurizon confirms talks to buy Wicet coal terminal

By: Esmarie Swanepoel     13th November 2017 Australian freight rail operator Aurizon on Monday confirmed that it was in preliminary discussions to acquire the Wiggins Island coal export terminal (Wicet), in Queensland. Wicet is currently owned by a consortium of Australian and international resource companies, including Glencore and New... 

Electra Mining Africa is over 80% sold with 10 months to go

     13th November 2017 Benefitting from 46 years of experience accumulated since the inaugural event, Electra Mining Africa has a proven track record for driving sales, sales leads and building brand awareness. For many exhibitors, Electra Mining Africa is seen as a gateway into Africa for further business expansion.... 

Botswana coal miner Minergy plans UK listing for 2018

By: Reuters     13th November 2017 Botswana coal producer Minergy plans to list in London next year to give it access to a pool of capital that it could tap at a later date to fund its expansion, it said on Friday. CEO Andre Boje told Reuters the company, which is already listed in Botswana, could look to raise around £700 000... 

Africa’s first coltan smelter established in Tanzania

By: Robyn Wilkinson     10th November 2017 Mining and metals company AB Minerals is partnering with the African Minerals and Geoscience Centre (AMGC) in Dar es Salaam, Tanzania, to establish the first columbite-tantalite (coltan) smelter in Africa. 

Madagascar graphite mine poised for global success

By: Robyn Wilkinson     10th November 2017 Proving its growing strength in the graphite market, Australian industrial mineral concentrate producer Bass Metals – the only graphite producer currently listed on the ASX – last month sold, in advance, 50%, or 3 000 t/y, of flake graphite concentrate from the first stage of its Graphmada mine’s... 

Uranium producer progresses mine consolidation strategy

     10th November 2017 Canadian uranium miner GoviEx Uranium will acquire the uranium mineral interests of independent power producer African Energy Resources in Zambia, with the Zambian Competition and Consumer Protection Commission announcing in June that it had reviewed and provided its approval for the transaction. 

Zambian chamber lauds Chile as model of what mining can achieve with the right policies

By: Ilan Solomons     10th November 2017 A two-person team from Chile’s mining industry recently visited Zambia and met with the Zambian Chamber of Mines (ZCM), the Presidency, the Zambia Revenue Authority’s Mineral Value Chain Monitoring Project and Zambia Consolidated Copper Mines Investment Holdings. The ZCM believes that Zambia can... 

Korab gets export capacity at Darwin

By: Esmarie Swanepoel     8th November 2017 Diversified explorer Korab Resources has inked a non-binding heads of agreement (HoA) with the Darwin Port operator to export some 500 000 t/y of magnesite rock through the port. The HoA included sub-leasing of the land, access to various port facilities, the use of loaders and other equipment,... 

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. 

Afrimat continues ramp-up of new iron-ore asset Diro

By: Natasha Odendaal     2nd November 2017 Industrial minerals, commodities and construction materials group Afrimat has successfully recommissioned its recently acquired iron-ore play, with full production on track for March. The acquisition of the distressed small iron-ore mine, Diro, in the Northern Cape, had marked a new phase of... 

Wheatstone ships first LNG

By: Esmarie Swanepoel     1st November 2017 US oil major Chevron has shipped the first liquefied natural gas (LNG) from the Wheatstone project, in Western Australia, to customers in Japan. “The first shipment of LNG from the Wheatstone project signifies our commitment to be a safe and reliable long-term supplier of cleaner-burning natural... 

Russia's Norilsk launches copper and gold mine near Chinese border

By: Reuters     31st October 2017 Russia's Norilsk Nickel launched a greenfield copper, iron and gold mine in the country's remote Far East on Tuesday, the company said. The Bystrinsky project, some 400 km by rail from the Chinese border in the Siberian region of Chita, plans to export its production to China, the world's top... 

Transnet looking abroad for growth as it again pares back South Africa capex 

By: Terence Creamer     30th October 2017 State-owned freight logistics group Transnet continues to pare back its investment portfolio in the South African, which is expected to grow by less than 1% in 2017. The group, which operates rail, port and pipelines businesses, expects to invest R229.2-billion over the coming seven years,... 

Appea asks NT to lift fracking moratorium

By: Esmarie Swanepoel     30th October 2017 The Australian Petroleum Production and Exploration Association (Appea) has again called on the Northern Territory government to lift a moratorium on hydraulic fracturing (fracking), after an independent economic analysis found that shale gas development in the territory could deliver a number of... 

Exxaro spending R20bn on coal projects

By: Martin Creamer     27th October 2017 One of South Africa’s largest and foremost black-empowered mining companies, Exxaro Resources, is implementing a five-year, R20-billion capital expenditure (capex) programme on coal mining projects in Limpopo and Mpumalanga. The black-led JSE-listed company has seven coal projects under way, four... 

CoAL considers name change, secures approval for Makhado Lite strategy

By: Natasha Odendaal     27th October 2017 Triple-listed Coal of Africa Limited (CoAL) is reviewing potential second cash generator prospects, the disposal of further noncore assets and a rationalisation of the bourses on which it is listed as it continues restructuring its balance sheet. This followed the acquisition of the Uitkomst... 

Battery boom relies on one African nation avoiding chaos of past

By: Bloomberg     27th October 2017 The cars of the future will depend increasingly upon supplies of an obscure metal from a country in the African tropics where there has never been a peaceful transition of power and child labor is still used in parts of the mining industry. Most major automakers are pledging to build millions of... 

Transnet Freight Rail anticipates economic uptick, aims to unlock intraregional collaboration 

By: Samantha Herbst     27th October 2017 Despite being at the mercy of economic uncertainty, compounded by sometimes heavily fluctuating commodity prices, State-owned rail transport company Transnet Freight Rail (TFR) has identified itself as a key economic enabler that aims to boost the South African economy by trying to unlock areas... 

Profits hit by strike but support for industry, communities continues

     27th October 2017 Coal miner Sasol Mining reported a 21% decline in its operating profit for the 2017 financial year, compared with the previous comparable period. The mining business unit of integrated chemicals and energy company Sasol, Sasol Mining’s profit dropped to R3.7-billion, mainly owing to the negative... 

Coal miner pushing to further productivity, cost efficiency

     27th October 2017 In 2018, mining company Sasol Mining will have renewed focus on its business improvement programme to improve productivity and cost efficiency, states integrated chemicals and energy company Sasol in its Integrated Report, published June 30. Sasol notes that its mining business unit is... 

Enviro lobby group takes emerging miner to court over phosphate mine’s water-use licence

By: Ilan Solomons     27th October 2017 Emerging miner Kropz has warned that the West Coast Environmental Protection Association’s (WCEPA’s) application to have the water-use license (WUL) for Kropz’s Elandsfontein phosphate mine, near Saldanha Bay, in the Western Cape, suspended, would, if successful, cause “irreversible environmental... 

Queensland’s APLNG directs more gas to domestic market

By: Esmarie Swanepoel     26th October 2017 The Australian Pacific liquefied natural gas (APLNG) project, offshore Queensland, will supply an additional 41 PJ of natural gas to the Australian domestic market, operator Origin Energy reported on Thursday. The new contract increased the APLNG project’s total domestic contracted supply... 

Barrick Gold aims for final Tanzania deal by mid-2018

By: Reuters     26th October 2017 Barrick Gold Corp said on Wednesday it would work with the government of Tanzania to find a way for a gold export ban to be lifted on its Acacia Mining unit and was aiming for a final agreement in the first half of 2018. The comments came in an earnings report from Barrick, which showed slightly... 

Freeport trades lower on earnings miss as production falls

By: Henry Lazenby     25th October 2017 The NYSE-listed equity of the world’s second-largest publicly traded copper miner by market capitalisation traded as much as 3.87% lower on Wednesday, despite confidently beating earnings forecasts as lower-than-expected output weighed on investor sentiment. For the three months ended September... 

De Beers JV to close four Namibian mines by 2022 – union official

By: Reuters     25th October 2017 Namdeb, a 50:50 joint venture between the Namibian government and Anglo American's diamond unit De Beers, plans to close four mines by 2022 in the southern African country, a Namibian newspaper quoted a union official on Tuesday as saying. The Namibian Sun quoted Mineworkers Union of Namibia... 

Mixed fortunes for Anglo’s copper, coal and nickel divisions

By: Ilan Solomons     24th October 2017 Diversified major Anglo American recorded increases in production at its copper units, while coal and nickel production decreased in the third quarter, ended September 30. The company on Tuesday posted a 6% year-on-year increase in production on a copper-equivalent basis in the third quarter of... 

Kumba Q3 output down 2% y/y; FY guidance raised

By: Mia Breytenbach     24th October 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. 

Inside one billionaire's fight against global iron-ore glut

By: Bloomberg     24th October 2017 The global iron-ore market may be oversupplied for as long as half a decade, keeping prices under pressure, according to billionaire Anil Agarwal’s Vedanta, which plans to fight back by raising the quality of its output amid a global shift toward higher-grade material being driven by China’s... 

Consol’s coal spin-out launches $350m debt offering

By: Henry Lazenby     23rd October 2017 Consol Energy’s new subsidiary Consol Mining, which will hold the parent’s coal assets following the spin-out of the coal business into a new separate entity, plans to raise $350-million in debt. The Delaware-incorporated entity said that, subject to market and other conditions, it intends to... 

Cleveland-Cliffs lifts Q3 earnings as US ops shine, Asian segment struggles

By: Henry Lazenby     23rd October 2017 US iron-ore producer Cleveland-Cliffs has reported strong third-quarter results for the three months ended September 30, beating analyst forecasts for earnings per share. The Cleveland, Ohio-based company reported adjusted net earnings, which typically excludes special items, of $0.36 a share,... 

Petra reports strong Q1 performance, despite strike, Tanzania export ban

By: Creamer Media Reporter      23rd October 2017 Despite labour disruptions at LSE-listed Petra Diamonds’ Finsch, Koffiefontein and Kimberley Ekapa Mining (KEM) Joint Venture (JV) operations in late September, CEO Johan Dippenaar says the group achieved a strong start to the 2018 financial year. Production for the quarter was down 4%... 

Acacia-Tanzania proposed settlement on track – Barrick

By: Reuters     23rd October 2017 Barrick Gold said on Friday a proposed mining settlement it negotiated with Tanzania for its Acacia Mining unit was not under threat, even though Acacia said it could not immediately make a $300-million payment included in the deal. Barrick, which owns 63.9% of Acacia, announced on Thursday the... 

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