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Topic

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... 

Bolivia nearing deal on partner to develop lithium – Minister

By: Reuters     20th April 2018 Bolivia's energy minister said on Thursday the government would pick a partner to develop the country's ample lithium resource "in coming days" after narrowing the field of candidates to two firms from Russia and Germany. The South American nation hopes to sign a deal with a foreign partner after... 

Companies reach shaft sinking milestones

     20th April 2018 Multinational mining company Turquoise Hill Resources’ Oyu Tolgoi copper/gold mine in Mongolia, has achieved significant underground development milestones with the completed sinking of two shafts this year. The Oyu Tolgoi, one of the world’s largest new copper/gold mines, is located in the South... 

Promise of Vision 2030 for mining new breath of fresh air

By: Martin Creamer     20th April 2018 The announcement by the Department of Mineral Resources (DMR) that it is engaged in the development of a Vision 2030 for mining is a positive step in the right direction after years of short-term pussyfooting by a department that had fallen behind those of competitive mining jurisdictions in... 

PIC rejects Aton's takeover offer for M&R

By: Reuters     17th April 2018 South Africa's Public Investment Corporation (PIC), the second-biggest shareholder in Murray & Roberts (M&R), said on Monday it had rejected an offer by Germany's Aton to acquire the engineering and construction firm. M&R's biggest shareholder German investor Lutz Helmig's Aton, which owns more... 

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... 

Davenport reports maiden potash resource in Germany

By: Esmarie Swanepoel     16th April 2018 ASX-listed Davenport Resources has reported a maiden Joint Ore Reserves Committee- (Jorc-) compliant resource of 576.6-million tonnes at the Ebeleben mining licence, in Germany. Grading at 12.1% potassium oxide, the project is estimated to host some 69.3-million tonnes of potassium oxide. 

Lava in lab studies could lead miners to new iron-ore deposits

By: Marleny Arnoldi     12th April 2018 A study on iron-ore deposits has found that some magmas split into two separate liquids – one of which is rich in iron – and could lead to the discovery of new iron-ore deposits.  

Bacanora terminates NextView placing, reaffirms Sonara H1 construction start

By: Mariaan Webb     6th April 2018 London-listed Bacanora Lithium has terminated its £31.17-million placing agreement with NextView, after the Chinese institutional fund management group defaulted on the December 2017 agreement. NextView would have acquired a 19.89% equity interest in Bacanora through the acquisition of 32 976... 

Dormant Swedish mine comes alive in rush for car batteries

By: Bloomberg     6th April 2018 The global race to develop batteries for electric cars is reaching deep into the pine forests of central Sweden, where a dormant graphite mine is getting a new lease on life. Woxna, situated about 259 km north of Stockholm, was mothballed in 2001 amid a slump in prices. Now, a Canadian company... 

Bacanora makes progress on German Zinnwald lithium project feasibility study

By: Henry Lazenby     5th April 2018 Project developer Bacanora Lithium is making good progress on its feasibility study for the Zinnwald lithium project, located in Germany’s Southern Saxony region, the company reported on Wednesday. The company, which has now successfully re-domiciled from Canada to London, in the UK, and moved... 

Zinnwald lithium study progressing on schedule – Bacanora

By: Mariaan Webb     4th April 2018 Aim-listed Bacanora Lithium is continuing to advance a feasibility study to demonstrate the economic viability of producing higher value lithium products at the Zinnwald project, in Germany, for the European battery and automotive sectors. The feasibility study is under way and is scheduled for... 

Earthworks start at W’s Spain tungsten mine

By: Mariaan Webb     3rd April 2018 The construction team of the La Parrilla mine, in Spain, has mobilised to site and earthworks have started for the T2 development phase of the project. In a project update on Tuesday, Aim-listed W Resources reported that site preparation works were under way and that earthworks pads for the... 

Petrol autocatalysts, fuel cells seen driving automotive platinum demand in future

By: Nadine James     30th March 2018 Multidisciplinary research team Afriforesight expects that future platinum demand will rely heavily on the successful uptake of fuel cells as well as petrol autocatalyst manufacturers switching from palladium-based to platinum-based coatings. Afriforesight chief chrome and platinum group metals... 

Ex-Microsoft manager lands Responsible Cobalt Initiative role

By: Reuters     29th March 2018 A former manager for Microsoft Corp in China has been named as the first executive secretary of the Responsible Cobalt Initiative (RCI), which works to address social and environmental risks in the cobalt supply chain. Christina Feng, who managed the US tech giant's programme for the responsible... 

Norsk Hydro sees limited effect from US aluminium tariffs

By: Reuters     23rd March 2018 Norwegian aluminum-maker Norsk Hydro on Friday said the new US toll barriers on aluminium would have a very limited direct effect on the firm. "From a Norwegian perspective, this will have a very limited effect on us", said Hydro spokesman Halvor Molland, adding that Hydro had "some exports" to... 

Trump temporarily excludes EU, six other allies from steel tariffs

By: Reuters     23rd March 2018 US President Donald Trump has temporarily excluded six countries, including Canada and Mexico, and European Union states from higher US import duties on steel and aluminum meant to come into effect on Friday. In a Presidential proclamation published late on Thursday, Trump said he would suspend... 

De Beers expands Forevermark brand in Europe

By: Mariaan Webb     22nd March 2018 Global diamond miner De Beers is expanding its Forevermark in key European countries, with the brand entering the German market and potentially also France and Italy. The Anglo American subsidiary is aiming to bolster the diamond brand’s visibility in key European countries, which attract a... 

G20 agrees to 'monitor' cryptocurrencies but no action yet

By: Reuters     21st March 2018 Financial policymakers from the world's top 20 economies agreed to keep a watchful eye on cryptocurrencies on Tuesday and opened the door to regulating the booming industry at a later stage. Wild swings in the price of Bitcoin, the best known of a myriad of digital currencies issued by private... 

G20 sees need for 'dialogue,' fails to diffuse trade war threat

By: Reuters     21st March 2018 The world's financial leaders rejected protectionism on Tuesday and urged "further dialogue" on trade, but failed to diffuse the threat of a trade war days before US metals tariffs take effect and Washington is to announce measures against China. Finance ministers and central bankers of the... 

Bell Equipment delivers significantly better results

By: Marleny Arnoldi     16th March 2018 Heavy equipment manufacturer Bell Equipment has delivered significantly improved results in 2017, with profit rising to R272.1-million, from R38.6-million in 2016 when the company recorded operating losses of R185-million from its African operations outside South Africa.  

Venezuela gold reserve value falls 14% in 2017

By: Reuters     16th March 2018 Gold held by Venezuela's central bank fell 14% in value in 2017 compared with the previous year, according to the bank's financial statement. Gold represents just under 70% of the bank's international reserves, which at the end of 2017 totaled $9.67-billion. 

The auto world needs to acknowledge that platinum is the ideal metal to exorcise the demons out of diesel

By: Martin Creamer     16th March 2018 Platinum and diesel engines have been joined at the hip, which has created wonderful demand for the locally mined product over decades - and then all hell broke loose when the Volkswagen emission scandal broke in 2015. Since then, diesel has been progressively demonised, to the point of a German... 

New mine to help K+S post significant earnings gain in 2018

By: Reuters     15th March 2018 German potash miner K+S vowed to increase earnings significantly this year, as it ramps up production at its new Bethune mine in Canada and after overcoming temporary restrictions on waste water at its main domestic mine. Revenues would be tangibly higher and earnings before interest, taxes,... 

On-The-Air (09/03/2018) 

By: Martin Creamer     9th March 2018 Black-led mining company Exxaro is negotiating the launch of a Fourth Industrial Revolution technology business with a global know-how partner; Germany's tough court ruling against diesel pollution looks like being a blessing in disguise for South Africa's struggling platinum industry. Palladium... 

EU warns Trump of trade war, China raises concerns at WTO

By: Reuters     7th March 2018 Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminium. The departure of Gary Cohn, seen as a bulwark against Trump's... 

Palladium dubbed 'unobtainium', rhodium 'next palladium'

By: Martin Creamer     7th March 2018 While diesel demonisation continues to the detriment of platinum, several key steps that will benefit platinum are poised to be taken in the next 18 to 24 months. The first of these key steps is the substitution of platinum for palladium in gasoline systems, against the backdrop of palladium... 

German ruling likely blessing in disguise for platinum - RBPlat 

By: Martin Creamer     6th March 2018 The German Federal Court ruling on diesel car emissions, which could cost transgressors eight-billion euros in fines a year, is seen as a likely blessing in disguise for platinum, Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri said on Tuesday. The global backlash against diesel-engine cars,... 

TNG in talks for Mt Peake finance, offtakes

By: Megan van Wyngaardt     6th March 2018 Australian strategic metals developer TNG on Tuesday said it has had preliminary meetings with Germany's KfW IPEX-Bank and received a positive hearing with an expression of interest to conduct further due diligence ahead of possible mandating for finance for the development of its flagship Mount... 

Africa’s leading industry trade fair prepares to open its doors

By: Creamer Media Reporter      6th March 2018 The countdown has begun: bauma CONEXPO AFRICA opens its doors for the third time in one week. The largest trade fair for construction machinery, building material machines, mining machines and construction vehicles in Africa continues to attract international participation, highlighted by four... 

Trump ratchets up pressure on Canada, Mexico over trade

By: Reuters     5th March 2018 US President Donald Trump increased pressure on Canada and Mexico over trade on Monday, saying the two could avoid being caught in his planned hefty tariffs on steel and aluminium imports if they ceded ground to Washington in talks on a new NAFTA trade deal. Trump also said, after a weekend of... 

Bacanora eyes midyear construction start at Sonora

By: Megan van Wyngaardt     2nd March 2018 Dual-listed lithium exploration and development company Bacanora Minerals on Friday said it was keen to start the construction of a 35 000 t/y mine and processing plant at its Sonora project, in Mexico, in the first half of this year, with a view to achieving first production in the first quarter... 

Apple is said to negotiate buying cobalt direct from miners

By: Bloomberg     21st February 2018 Apple is in talks to buy long-term supplies of cobalt directly from miners for the first time, according to people familiar with the matter, seeking to ensure it will have enough of the key battery ingredient amid industry fears of a shortage driven by the electric vehicle boom. The iPhone maker... 

Cyclone Kelvin lashes West Australia, no damage reported to mines, gas projects

By: Reuters     19th February 2018 Tropical Cyclone Kelvin hit the resource-rich north coast of Western Australia on Sunday, lashing it with strong winds and causing floods that could cut the main highway for up to two weeks. The storm crossed the coast 165 km south-southwest of Broome early on Sunday morning with destructive... 

Golden opportunity, urgent logistics call, platinum to the fore

By: Martin Creamer     16th February 2018 South Africa has an opportnity in gold, investment to revitalise rail and port infrastructure is seen as urgent, there is a strong prediction that the fuel cell will outdo electric vehicles 

Northam opens R900m platinum smelter expansion

By: Martin Creamer     15th February 2018 Platinum mining company Northam on Thursday officially opened a R900-million smelter expansion at its Zondereinde platinum mine in Limpopo province. The addition of a second furnace extends the JSE-listed company’s 30-year-old partnership with metals company Heraeus, which contributed €20-million... 

Bacanora proposes to domicile to the UK, delist from TSX-V

By: Simone Liedtke     9th February 2018 Lithium company Bacanora Minerals said on Friday that it would restart the process of changing its domicile of jurisdiction from Canada to the UK. The company had sought shareholder approval to effect the redomicile in September 2016, but failed to obtain the requisite approval. 

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... 

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